ContractAsset Purchase Agreement • March 27th, 2017 • Speedemissions Inc • Services-automotive repair, services & parking • Georgia
ASSET PURCHASE AGREEMENT This ASSET PURCHASE AGREEMENT (the "Agreement") is, dated as of MU2.0 , 2017, by and between Auto Recycling of Montgomery, Inc, an Alabama corporation (the "Seller"), and SPEEDY OPERATIONS, INC, a Georgia corporation (the "Purchaser"). BACKGROUND INFORMATION Seller owns and previously operated a retail Auto Salvage Yard business listed on Exhibit A attached hereto and made a part hereof (the "Yard") conducted under the auspices of the City of Montgomery, the County of Montgomery and all applicable State of Alabama governing authorities (the "Business"). This Agreement sets forth the terms and conditions upon which Purchaser is acquiring from Seller, and Seller is selling and delivering to the Purchaser, those assets used by Seller in the operation of the Business, and Purchaser is assuming certain liabilities of Seller with respect to the operation of the Business. OPERATIVE PROVISIONS 1. SALE AND TRANSFER OF ASSETS; CLOSING. 1.1. Assets. Upon the terms and sub
