ASSET PURCHASE AGREEMENT DATED AS OF MAY 4, 2018 BY AND AMONG ADVANCED CARE SCRIPTS, INC., FRED’S STORES OF TENNESSEE, INC., FRED’S, INC., NATIONAL PHARMACEUTICAL NETWORK, INC., AND REEVES-SAIN DRUG STORE, INC. D/B/A ENTRUSTRX ASSET PURCHASE AGREEMENTAsset Purchase Agreement • June 4th, 2018 • Freds Inc • Retail-variety stores • Delaware
This ASSET PURCHASE AGREEMENT, dated as of May 4, 2018 (this “Agreement”), is made and entered into by and among Advanced Care Scripts, Inc., a Florida corporation (“Buyer”), Fred’s Stores of Tennessee, Inc., a Delaware corporation (“Equity Holder”), National Pharmaceutical Network, Inc., a Florida corporation (“NCN”), and Reeves-Sain Drug Store, Inc. d/b/a EntrustRx, a Tennessee corporation (“EntrustRx” and, together with NCN, the “Sellers”), and Fred’s, Inc., a Tennessee corporation (“Guarantor”). Sellers, Buyer, Equity Holder and Guarantor are sometimes hereinafter individually referred to as a “Party” and collectively referred to as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in Annex I to this Agreement.
