ASSET PURCHASE AGREEMENT BY AND AMONG IOWA TELECOMMUNICATIONS SERVICES, INC., SHERBURNE TELE SYSTEMS, INC., SHERBURNE COUNTY RURAL TELEPHONE CO., SHERBURNE TEL-COM, INC., SHERBURNE CABLE-COM, INC., SHERBURNE LONG DISTANCE, INC., NORTHSTAR ACCESS, LLC,...Asset Purchase Agreement • March 2nd, 2009 • Iowa Telecommunications Services Inc • Telephone communications (no radiotelephone) • Minnesota
ASSET PURCHASE AGREEMENT (this “Agreement”), dated November 21, 2008, by and among Iowa Telecommunications Services, Inc., an Iowa corporation (“Parent”), Sherburne Tele Systems, Inc., a Minnesota corporation (“STS”), Sherburne County Rural Telephone Co., a Minnesota corporation (“SCRTC”), Sherburne Tel-Com, Inc., a Minnesota corporation (“STCI”), Sherburne Cable-Com, Inc., a Minnesota corporation (“SCCI”), Sherburne Long Distance, Inc., a Minnesota corporation (“SLDI”), Northstar Access, LLC, a Minnesota limited liability company (“Northstar”), Northstar Tele-Com, Inc., a Minnesota corporation (“NT”) Sherburne Fiber-Com, Inc. (“SFCI”) (with STS, SCRTC, STCI, SCCI, SLDI, Northstar, NT and SFCI, collectively referred to as the “Selling Companies” or singularly may be referred to as a “Selling Company”) and those shareholders of capital stock of STS set forth on the signature page of the Agreement (the “Majority Shareholders”) and Robert K. Eddy in his capacity as the Shareholders’ Repre
