ASSET PURCHASE AGREEMENT by and among WORLDSPACE, INC., AFRISPACE, INC., WORLDSPACE SYSTEMS CORPORATION, WORLDSPACE SATELLITE COMPANY LTD. and YAZMI USA LLC Dated as of May 9, 2010Asset Purchase Agreement • June 29th, 2010 • WorldSpace, Inc • Radio broadcasting stations • New York
THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of May 9, 2010, is made by and among WORLDSPACE, INC., a Delaware corporation (“WorldSpace”), AFRISPACE, INC., a Maryland corporation (“AfriSpace”), WORLDSPACE SYSTEMS CORPORATION, a Delaware corporation (“WSC”), WORLDSPACE SATELLITE COMPANY LTD., a business company incorporated under the laws of the British Virgin Islands (“Satco” and together with WorldSpace, WSC and AfriSpace, the “Debtors” or “Sellers”), and YAZMI USA LLC, a Delaware limited liability company (“Buyer”). Capitalized terms used in this Agreement are defined or cross referenced in Article 15.
Yazmi USA, LLC Washington DC, 20016-2506 June 23, 2010Asset Purchase Agreement • June 29th, 2010 • WorldSpace, Inc • Radio broadcasting stations
Reference is hereby made to the Asset Purchase Agreement, dated as of May 9, 2010 (the “Asset Purchase Agreement”), by and among WorldSpace, Inc., a Delaware corporation (“WorldSpace”), AfriSpace, Inc., a Maryland corporation (“AfriSpace”), WorldSpace Systems Corporation, a Delaware corporation (“WSC”), WorldSpace Satellite Company Ltd., a business company incorporated under the laws of the British Virgin Islands (“Satco” and together with WorldSpace, WSC and AfriSpace, the “Sellers”), and Yazmi USA, LLC, a Maryland limited liability company (“Buyer”). Capitalized terms used herein and not otherwise defined have the meanings given to them in the Asset Purchase Agreement. Any reference to a Schedule herein is deemed to reference a schedule of the Disclosure Schedules.
