ASSET PURCHASE AGREEMENTAsset Purchase Agreement • January 13th, 2004 • Main Street Banks Inc /New/ • Commercial banks, nec
THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into on December 5, 2003, between and among MAIN STREET INSURANCE SERVICES, INC., a Georgia corporation (the "Acquiror"), BANKS MONEYHAN INSURANCE AGENCY, INC., a Georgia corporation ("BMIA"), MONEYHAN INSURANCE AGENCY, INC., a Georgia corporation ("MIA") ("BMIA" and "MIA" sometimes individually referred to herein as the "Agency" and are collectively referred to as herein as the "Agencies"), and CHARLES N. MONEYHAN, a Georgia resident ("Moneyhan"), R. DEAN HAYES, a Georgia resident ("Hayes"), and JANETTE M. HATTEN, a Georgia resident ("Hatten") (Moneyhan, Hayes and Hatten are referred to collectively herein as the "Shareholders"). The Acquiror, the Agencies and the Shareholders are sometimes referred to collectively herein as the "Parties", and sometimes referred to individually herein as a "Party."
