Interest Purchase Agreement (2005)Full Document 

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INTEREST PURCHASE AGREEMENT

by and among

 

Accellent Corp.

as the Purchaser,

 

and

 

each of the Members of

Machining Technology Group, LLC (the “Company”)

set forth on the signature page hereto,

constituting all of the Members of the Company

 

 

Dated as of October 6, 2005

 

 

 



 

TABLE OF CONTENTS

 

Title

 

Page

 

 

 

ARTICLE I

DEFINITIONS AND TERMS

1

Section 1.1

Defined Terms

1

Section 1.2

Terms Generally

1

 

 

 

ARTICLE II

ACQUISITION AND DISPOSITION OF ASSETS

2

Section 2.1

Purchase and Sale

2

Section 2.2

Operating Agreement

2

 

 

 

ARTICLE III

PAYMENT AND DELIVERY

2

Section 3.1

Purchase Price

2

Section 3.2

Adjustments to Closing Cash Payment and Purchase Price

2

Section 3.3

Payment of Purchase Price

3

Section 3.4

Earnout Payment

4

Section 3.5

Closing

5

Section 3.6

Deliveries by the Members

5

Section 3.7

Deliveries by the Purchaser

6

 

 

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE MEMBERS

7

Section 4.1

Authorization and Validity

7

Section 4.2

Capitalization, Subsidiaries

7

Section 4.3

Organization

8

Section 4.4

No Conflict

8

Section 4.5

Governmental Consents

8

Section 4.6

Financial Statements

9

Section 4.7

Absence of Certain Changes or Events

9

Section 4.8

Absence of Undisclosed Liabilities

12

Section 4.9

Property; Assets

12

Section 4.10

Litigation and Claims; Compliance with Laws

13

Section 4.11

Taxes

14

Section 4.12

Insurance

16

Section 4.13

Environmental Matters

16

Section 4.14

Material Contracts

17

Section 4.15

Intellectual Property

19

Section 4.16

Employee Benefits; ERISA

22

Section 4.17

Labor Matters

24

Section 4.18

Records

25

Section 4.19

Affiliate Transactions

25

Section 4.20

Indebtedness and Cash on Hand at Closing

26

Section 4.21

Brokers, Finders, Etc.

26

Section 4.22

Questionable Payments

26

Section 4.23

Competing Business

26

 



 

Section 4.24

Other Information

26

Section 4.25

Product Warranty and Liability

26

Section 4.26

Naturalization of the Employees

27

Section 4.27

Bank Accounts

27

Section 4.28

Business Relationships

27

Section 4.29

Accredited Investor Status

28

Section 4.30

FDA Legal Compliance and Permits

28

 

 

 

ARTICLE V

REPRESENTATIONS AND WARRANTIES OF PURCHASER

29

Section 5.1

Authorization and Validity

30

Section 5.2

Organization

30

Section 5.3

No Conflict

30

Section 5.4

Governmental Consents

30

Section 5.5

Capital Stock

31

Section 5.6

Investment

31

Section 5.7

Public Reports

32

Section 5.8

Financial Statements

32

Section 5.9

Events Subsequent to Most Recent Fiscal Quarter End

32

Section 5.10

Undisclosed Liabilities

32

Section 5.11

Other Information

32

 

 

 

 

ARTICLE VI

COVENANTS

33

Section 6.1

Further Assurances; Cooperation

33

Section 6.2

Transition

33

Section 6.3

Confidentiality

33

Section 6.4

Tax Matters; Proration

34

Section 6.5

Real Estate

34

 

 

 

 

ARTICLE VII

SURVIVAL AND INDEMNIFICATION

35

Section 7.1

Survival of Representations and Warranties

35

Section 7.2

Indemnification by the Members

35

Section 7.3

Indemnification by the Purchaser

36

Section 7.4

Notice and Resolution of Claim

37

 

 

 

 

ARTICLE VIII

MISCELLANEOUS

38

Section 8.1

Notices

38

Section 8.2

Amendment, Waiver

40

Section 8.3

Assignment

40

Section 8.4

Entire Agreement

40

Section 8.5

Parties in Interest

40

Section 8.6

Expense

40

Section 8.7

Governing Law; Jurisdiction; Service of Process

41

Section 8.8

Specific Performance

41

Section 8.9

Transfer and Similar Taxes

41

Section 8.10

Counterparts; Facsimile Signature

41

Section 8.11

Headings

41

 

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