03.07.2013 Views

MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks

MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks

MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Parties may otherwise agree (the “Initial Closing Date”). The Parties acknowledge and agree<br />

that they currently intend to effect the Initial Closing on or before April 1, 2012. The Initial<br />

Closing may occur by electronic exchange of documents and wire transfer of funds.<br />

(b) The consummation of the transactions contemplated by this Agreement<br />

and the Canada Purchase Agreement with respect to the Canada Acquired Assets and the Canada<br />

Assumed Liabilities (the “Canada Closing”) shall take place in accordance with Sections 2.1 and<br />

2.2 of the Canada Purchase Agreement.<br />

2.2 Initial Closing Deliveries.<br />

(a) Buyer Deliveries. At the Initial Closing, Buyer shall, and shall cause the<br />

Buyer Parties to:<br />

(i) pay to Seller and the Seller Parties the Base Initial Closing<br />

Purchase Price in one or more wire transfers of immediately available funds in accordance with<br />

the wire instructions and funds flow statement delivered by Seller to Buyer at least five (5)<br />

Business Days prior to the Initial Closing;<br />

(ii) execute and deliver to Seller the documents of transfer for the<br />

Initial Closing Acquired Assets and the documents of assumption of the Initial Closing Assumed<br />

Liabilities (including the transfer of services and utilities provided to the Initial Closing Acquired<br />

Real Property and the assignment and assumption of the Initial Closing Assumed Contracts) as<br />

listed in and substantially in the form attached to Exhibit B hereto, together with such other<br />

deeds of conveyance, bills of sale, assurances, transfers, assignments, consents and such other<br />

agreements, documents and instruments as the Parties may agree are reasonably necessary to<br />

complete the transactions contemplated by this Agreement (collectively, the “Initial Closing<br />

Transfer Documents”);<br />

(iii) execute and deliver to Seller transition services agreements in<br />

substantially the form of Exhibits C-1, C-2, C-3 and C-4 attached hereto, together with the<br />

Retained WIP and Retained Orders TSAs for the Retained WIP and the Retained Orders related<br />

to the Initial Closing Business, and such other transition services agreements as the Parties may<br />

agree are reasonably necessary to complete the transactions contemplated by this Agreement<br />

(collectively, the “Initial Closing TSAs”);<br />

(iv) execute and deliver to Seller a consignment agreement with respect<br />

to certain Excluded Inventory (the “Consignment Agreement”) in substantially the form of<br />

Exhibit D attached hereto;<br />

(v) deliver to Seller evidence of each Bucyrus Guaranty that has been<br />

released or substituted prior to the Initial Closing in accordance with Section 6.10; and<br />

(vi) deliver to Seller an executed copy of the Canada Purchase<br />

Agreement as entered into as of the date hereof.<br />

(b) Seller Deliveries. At the Initial Closing, Seller shall, and shall cause the<br />

applicable Seller Parties to:<br />

- 9 -

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!