ASSET PURCHASE AGREEMENTAsset Purchase Agreement • March 19th, 2007 • Goldleaf Financial Solutions Inc. • Services-prepackaged software • Georgia
This Asset Purchase Agreement (“Agreement”) is made and entered into this 14th day of March, 2007 by and among Goldleaf Financial Solutions, Inc., a Tennessee corporation (“Purchaser”); Community Banking Systems, Ltd., a Texas limited partnership (“Seller”); SASEL Investments, LLC, a Texas limited liability company and the sole general partner of Seller (“SASEL”); Deadhorse Investment, L.P., a Texas limited partnership and a limited partner of Seller (“Deadhorse”); Sean Pennock (“Pennock”), Jeremy Cockrill (“Cockrill”) and E.L. Shockey (“Shockey”), each of whom is an individual resident of Texas and who together own all of the outstanding partnership interests of SASEL, Deadhorse and Seller as set forth herein (Seller, SASEL, Deadhorse, Pennock, Cockrill and Shockey are collectively referred to as the “Seller Parties”).
