ASSET PURCHASE AGREEMENT AMONG TITAN INSURANCE SERVICES, INC., TITAN AUTO INSURANCE OF NEW MEXICO, INC., AS SELLERS THI HOLDINGS (DELAWARE), INC., SOLELY FOR THE PURPOSE OF THE LIMITED GUARANTEE IN SECTION 7.11, ACCEPTANCE INSURANCE AGENCY OF...Asset Purchase Agreement • April 27th, 2015 • First Acceptance Corp /De/ • Fire, marine & casualty insurance • Delaware
This ASSET PURCHASE AGREEMENT (this “Agreement”) is dated as of April 27, 2015, by and among TITAN INSURANCE SERVICES, INC., a Texas corporation (“TISI”), TITAN AUTO INSURANCE OF NEW MEXICO, INC., a New Mexico corporation (“Titan New Mexico” and together with TISI, “Sellers”), THI HOLDINGS (DELAWARE), INC., a Delaware corporation (“THI”), solely for the purpose of the limited guarantee in Section 7.11 of this Agreement, ACCEPTANCE INSURANCE AGENCY OF TENNESSEE, INC., a Tennessee corporation (“Buyer”), and FIRST ACCEPTANCE CORPORATION, a Delaware corporation (“First Acceptance”), solely for the purpose of the limited guarantee in Section 1.4(c) of the Agreement. Sellers and Buyer are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
