ASSET PURCHASE AGREEMENT by and among ZENITH FREIGHT LINES, LLC and With BASSETT FURNITURE INDUSTRIES, INCORPORATED signing for the limited purposes expressed herein dated as of January 31, 2022Asset Purchase Agreement • February 1st, 2022 • Bassett Furniture Industries Inc • Wood household furniture, (no upholstered) • Delaware
This Asset Purchase Agreement (this “Agreement”), dated as of January 31, 2022, is entered into by and among ZENITH FREIGHT LINES, LLC, a North Carolina limited liability company (“Seller”), and J.B. HUNT TRANSPORT, INC., a Georgia corporation (“Buyer”), with BASSETT FURNITURE INDUSTRIES, INCORPORATED, a Virginia corporation and the owner of 100% of Seller (“Parent”), made a party hereto for the limited purposes of (i) making the representations and warranties regarding Parent in Sections 4.01 and 4.02 and (ii) agreeing to the covenants contained in Sections 3.02 and 6.03 and the indemnification obligations set forth in ARTICLE VIII.
