ASSET PURCHASE AGREEMENTAsset Purchase Agreement • November 24th, 2009 • Modern Medical Modalities Corp • Services-misc health & allied services, nec • New Jersey
This ASSET PURCHASE AGREEMENT (the “Agreement”), is entered into as of November 19, 2009, by and among NEW JERSEY IMAGING PARTNERS, INC., a New Jersey corporation (“Purchaser”), RADNET, INC., a Delaware corporation and affiliate of Purchaser (“RadNet”), 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.
AGREEMENT FOR PURCHASE AND SALE OF ASSETSPurchase and Sale of Assets • November 24th, 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 November___, 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:
