Asset Purchase and Rollover Agreement
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Table of Contents
0.00 INTERPRETATION
0.01 Definitions
0.01.01 Activities
0.01.02 Agreement
0.01.03 Breach
0.01.04 Closing Date
0.01.05 Effective Date
0.01.06 Encumber or Encumbrance
0.01.07 Equipment
0.01.08 Force Majeure
0.01.09 Fundamental Provisions
0.01.10 Intellectual Property
0.01.11 Law
0.01.12 Legal Representatives
0.01.13 Ordinary Course of Business
0.01.14 PARTY
0.01.15 Person
0.01.16 Property
0.02 Precedence
0.03 Jurisdiction
0.03.01 Governing Law
0.03.02 Non-compliance
0.04 Miscellaneous
0.04.01 Cumulative Rights
0.04.02 Time and Dates
0.04.03 Financial References
0.04.04 References within Agreement
0.04.05 Gender and Number
0.04.06 Headings
0.04.07 Presumptions
0.04.08 Knowledge
0.04.09 Approval
0.04.10 GAAP
1.00 PURPOSE
1.01 Sale
1.02 Conditions
1.02.01 Required by VENDOR
1.02.02 Required by PURCHASER
1.02.03 Choice
2.00 CONSIDERATION
2.01 Price
2.02 Allocation
3.00 TERMS OF PAYMENT
3.01 Purchase Price
3.02 Debts
3.03 Promissory Note
3.04 Issue of Shares
3.04.01 Class
3.04.02 Attributes
3.05 Agreed-upon Amount
3.06 Adjustment
4.00 SECURITY
4.01 In favour of VENDOR
4.02 In favour of PURCHASER
5.00 MUTUAL REPRESENTATIONS AND WARRANTIES
5.01 Status
5.02 Authority
5.03 Binding Agreement
5.04 Canadian Resident
5.05 Commission
5.06 Insurance
5.07 Nominee
5.08 Fundamental Provisions
5.09 Disclosure
6.00 REPRESENTATIONS AND WARRANTIES OF THE VENDOR
6.01 Status
6.02 Ownership
6.03 Authority
6.04 Encumbrance
6.05 Canadian Resident
6.06 Fair Market Value
7.00 REPRESENTATIONS AND WARRANTIES OF PURCHASER
7.01 Status
7.02 Authority
7.03 Binding Agreement
7.04 Canadian Status
7.05 Insurance
7.06 Nominee
7.07 Fundamental Provisions
7.08 Disclosure
8.00 MUTUAL DUTIES AND OBLIGATIONS
8.01 Election
8.02 Further Assurances
9.00 DUTIES AND OBLIGATIONS OF THE VENDOR
10.00 DUTIES AND OBLIGATIONS OF PURCHASER
11.00 SPECIAL PROVISIONS
11.01 Force Majeure
11.01.01 No Default
11.01.02 Duty
11.01.03 Rights of Other PARTY
11.02 Further Assurances
11.03 Other Remedies
11.03.01 Choices
11.03.02 No Limitations
11.04 Prescription
12.00 GENERAL PROVISIONS
12.01 Notice
12.02 Dispute Resolution
12.02.01 Good Faith Negotiations
12.02.02 Mediation
12.02.03 Arbitration
12.03 Election
12.04 Counterparts
12.05 Amendment
12.06 Waiver of Rights
12.07 Electronic Transmission
12.08 Language
13.00 TERMINATION
13.01 Mutual Consent
13.02 With Notice from VENDOR
13.03 With notice from PURCHASER
14.00 EFFECTIVE DATE
14.01 Retroactivity
14.02 Execution
14.03 Deferral
15.00 DURATION
15.01 Instantaneous
15.02 Survival
16.00 SCOPE
SCHEDULE A – EXCERPT OF A RESOLUTION OF PURCHASER
SCHEDULE B – FINANCIAL STATEMENTS
SCHEDULE D – INTERVENTION BY THE SPOUSE OF THE VENDOR
SCHEDULE 0.01.16 (A) – IMMOVABLE
SCHEDULE 0.01.16 (C) – EQUIPMENT, MACHINERY AND TOOLS
SCHEDULE 0.01.16 (D) – AUTOMOTIVE MATERIAL
SCHEDULE 0.01.16 (E) – MOVABLE GOODS AND OFFICE FURNITURE
SCHEDULE 0.01.16 (F) – ELECTRONIC AND COMPUTING EQUIPMENT
SCHEDULE 0.01.16 (J) – PERMITS AND LICENCES
SCHEDULE 0.01.16 (K) – INTELLECTUAL PROPERTY
SCHEDULE 0.01.16 (L) – LEASE
SCHEDULE 2.01 - ADJUSTMENTS
SCHEDULE 3.01 - SUMMARY OF THE TERMS AND CONDITIONS OF PAYMENT
SCHEDULE 3.02 - LIST OF CREDITORS
SCHEDULE 3.03 – PROMISSORY NOTE
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