0001047469-07-005107 Sample Contracts

PARAMOUNT ACQUISITION CORP. 787 7th Avenue New York, NY 10019
Employment Letter • June 21st, 2007 • Paramount Acquisition Corp • Blank checks • New York

Paramount Acquisition Corp., a Delaware corporation ("Paramount"), and B.J.K. Inc., a New York corporation d/b/a Chem Rx ("Chem Rx"), are parties to a Stock Purchase Agreement, dated as of June 1, 2007 (the "Purchase Agreement"). Pursuant to the Purchase Agreement, Paramount will acquire 100% of the Capital Stock of Chem Rx and Chem Rx New Jersey, LLC ("ChemRx NJ"). This Employment Letter sets forth the terms and conditions of your employment with Paramount and its subsidiaries and affiliates from time to time, including, without limitation, Chem Rx and ChemRx NJ (collectively, the "Group").

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AGREEMENT AND PLAN OF MERGER by and among PARAMOUNT ACQUISITION CORP., PARAMOUNT MERGER SUB (NJ), INC., CHEMRX NEW JERSEY, LLC, B.J.K. INC. and THE MEMBERS OF CHEMRX NEW JERSEY, LLC dated as of June 15, 2007
Merger Agreement • June 21st, 2007 • Paramount Acquisition Corp • Blank checks • New York

AGREEMENT AND PLAN OF MERGER, dated as of June 15, 2007 (this "Agreement"), by and among Paramount Acquisition Corp., a Delaware corporation ("Parent"), Paramount Merger Sub (NJ), Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), ChemRx New Jersey, LLC, a New Jersey limited liability company (the "Company"), B.J.K. Inc., a New York corporation ("Chem Rx"), Jerry Silva ("Jerry"), Steven Silva ("Steven") and Michael Segal ("Michael") (collectively Jerry, Steven and Michael, the "Members").

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