ASSET PURCHASE AGREEMENTAsset Purchase Agreement • May 31st, 2007 • G Iii Apparel Group LTD /De/ • Apparel & other finishd prods of fabrics & similar matl • New York
THIS ASSET PURCHASE AGREEMENT, made as of this 24th day of May, 2007 (this “Agreement”), by and among G-III Leather Fashions, Inc., a New York corporation (“Buyer”), G-III Apparel Group, Ltd., a Delaware corporation (“Parent”) (solely with respect to Section 10(m) hereof), Starlo Fashions Inc., a New York corporation (“Starlo”), Jessica Howard, Ltd., a New York corporation (“Jessica Howard”), Industrial Cotton, Inc., a New York corporation (“Industrial Cotton” and collectively with Starlo and Jessica Howard, “Sellers”), and Robert Glick and Mary Williams (each solely with respect to Section 10(e) hereof).
