REAL ESTATE PURCHASE AGREEMENTReal Estate Purchase Agreement • February 18th, 2016 • Banyan Rail Services Inc. • Sanitary services
THIS REAL ESTATE PURCHASE AGREEMENT (“Agreement”) is made this 16th day of February, 2015 (“Effective Date”), by and between ANDERSON INVESTMENT MANAGEMENT, INC. (hereinafter referred to as “Seller”), and THERMOCAST ACQUISTION CORP., a Delaware corporation (hereinafter referred to as “Purchaser”).
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • February 18th, 2016 • Banyan Rail Services Inc. • Sanitary services • Delaware
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into and effective as of February 16, 2016 (the “Effective Date”), by and among (i) THERMOCAST ACQUISITION CORP., a Delaware corporation (“Buyer”), (ii) BANYAN RAIL SERVICES INC., a Delaware corporation and the parent of Buyer (“Parent”), (iii) INTERNATIONAL THERMOCAST CORPORATION, a Georgia corporation, and THE DEKOR CORPORATION, a Georgia corporation (together “Sellers”), and (iv) MARK ANDERSON, an individual resident of the State of Georgia and the sole shareholder of Sellers (“Sole Shareholder”). Capitalized terms not otherwise defined in the body of this Agreement are defined in the Appendix attached hereto and a table of defined terms also appears in the Appendix.
ContractBanyan Rail Services Inc. • February 18th, 2016 • Sanitary services
Boca Raton, Florida — February 18, 2016 — Banyan Rail Services Inc. (OTC: BARA) executed an Asset Purchase Agreement with International Thermocast Corporation and The Dekor Corporation, both Georgia Corporations (collectively, “Sellers”), and Mark Anderson, an individual resident of the State of Georgia and the sole shareholder of Sellers, for the purchase of Sellers’ business of manufacturing and distributing composite kitchen and bath sinks and accessories including cast acrylic and granite sinks, cultured and synthetic marble vanity tops and other related goods and services (the “Business”). The purchase price for the Business is $4,510,000, consisting of cash payments, common stock, and assumed liabilities, subject to a closing adjustment.
