ASSET ACQUISITION AGREEMENT Effective as of June 30, 2009 FOR THE ACQUISITION OF Certain Specified Assets of Dynamic Health Products, Inc. By USA Sports, LLCAsset Acquisition Agreement • July 15th, 2009 • GeoPharma, Inc. • Pharmaceutical preparations • Pennsylvania
BACKGROUND: Seller, through its various divisions, including a division focused primarily on the nutritional supplement industry (the “Boss Division”), is a distributor of a wide variety of non-prescription dietary supplements, vitamins, over-the-counter drugs, health and beauty care products, health food, sports nutritional products, and soft goods (the “Seller Business”). A portion of the Boss Division’s business includes the provision of refrigeration units to businesses selling Seller’s products (the “Cooler Business”). All assets relating to the Seller Business (including, without limitation, the Boss Division and the Cooler Business) and discussed herein are either wholly owned or leased by Seller. The parties desire that Seller sells and Buyer buys certain assets as further described herein (such assets, the “Specified Assets”), all pursuant to the terms and subject to the conditions set forth in this Asset Acquisition Agreement (the “Agreement”).
