AGREEMENT FOR PURCHASE AND SALE OF ASSETSAgreement for Purchase and Sale of Assets • February 2nd, 2009 • Modern Medical Modalities Corp • Services-misc health & allied services, nec • New Jersey
This Agreement for Purchase and Sale of Assets (“Agreement”) is made as of January 27, 2009 by and among Medical Equipment Solutions, Inc. (“Seller”), a Georgia corporation with a principal address of 19347 King Palm Court, Boca Raton, Florida, 33498, and Modern Medical Modalities Corporation (“Buyer”), a publicly traded New Jersey corporation with a principal business address of 439 Chestnut Street, Union, New Jersey, with reference to the following:
ASSET PURCHASE AGREEMENT BY AND AMONG HEALTH DIAGNOSTICS OF NEW JERSEY, L.L.C., MODERN MEDICAL MODALITIES CORPORATION, UNION IMAGING ASSOCIATES, INC., UNION IMAGING CENTER, LLC, AND PET SCAN AT UNION IMAGING, LLC DATED AS OF JANUARY 30, 2009Asset Purchase Agreement • February 2nd, 2009 • Modern Medical Modalities Corp • Services-misc health & allied services, nec • New Jersey
This ASSET PURCHASE AGREEMENT (the “Agreement”), is entered into as of January 30, 2009, by and among HEALTH DIAGNOSTICS OF NEW JERSEY, L.L.C., a New Jersey limited liability company (“Purchaser”), MODERN MEDICAL MODALITIES CORPORATION, a New Jersey corporation (“Parent”), UNION IMAGING ASSOCIATES, INC., a New Jersey corporation and wholly-owned subsidiary of Parent (“UIA”), UNION IMAGING CENTER, LLC, a New Jersey limited liability company and wholly-owned subsidiary of Parent (“UIC”), and PET SCAN AT UNION IMAGING, LLC, a New Jersey limited liability company and wholly-owned subsidiary of Parent (“PET” and together with UIA and UIC, individually a “Seller Company” and collectively, “Seller Companies”). Terms used herein and not otherwise defined shall have the meanings set forth in Section 10 hereof.
