ASSET PURCHASE AGREEMENTWord下载.docx

ASSET PURCHASE AGREEMENTWord下载.docx

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2.2.

ExcludedAssets

9

2.3.

AssumptionofLiabilities

2.4.

ExcludedLiabilities

2.5.

PurchasePrice

10

2.6.

PaymentofthePurchasePrice

2.7.

ProceduretoEstablishNetRevenues,EBITDA,Indebtedness,TangiblePersonalPropertyandMinimumRequiredEBITDA.

11

2.8.

RightofEndorsement

13

2.9.

AllocationofPurchasePrice.

2.10.

Closing

14

ARTICLEIII 

REPRESENTATIONSANDWARRANTIESOFSELLERANDTHEMEMBERS

3.1.

CorporateExistenceandPower

3.2.

CorporateAuthorization.

15

3.3.

CharterDocuments;

Legality

3.4.

CapitalizationandOwnershipofSeller

3.5.

Subsidiaries

3.6.

Affiliates

16

3.7.

AssumedNames

3.8.

GovernmentalAuthorization

3.9.

Consents

3.10.

FinancialStatements.

3.11.

AccountsReceivable

17

3.12.

BooksandRecords.

18

3.13.

AbsenceofCertainChanges.

3.14.

RealProperty.

19

3.15.

TangiblePersonalProperty.

3.16.

IntellectualProperty.

3.17.

Inventory.

20

3.18.

SuppliersandBusinessRelationships.

3.19.

Litigation

21

3.20.

Contracts.

3.21.

LicensesandPermits

22

3.22.

CompliancewithLaws

23

3.23.

Pre-payments

3.24.

Employees

3.25.

CompliancewithLaborLawsandAgreements

i

3.26.

PensionandBenefitPlans

24

3.27.

EmploymentMatters

3.28.

TaxMatters

3.29.

Finders’Fees

25

3.30.

InvestmentRepresentations.

3.31.

Software.

30

3.32.

BusinessOperations;

Servers.

3.33.

PowersofAttorneyandSuretyships

31

3.34.

OtherInformation

ARTICLEIV 

REPRESENTATIONSANDWARRANTIESOFPARENT

4.1.

DueIncorporation

4.2.

CorporateAuthorization

32

4.3.

4.4.

NoViolation

4.5.

CharterDocuments

4.6.

4.7.

IssuanceofParentClassCCommonStock

4.8.

33

4.9.

ARTICLEV 

COVENANTSOFSELLERANDTHEMEMBERSPENDINGCLOSING

34

5.1.

ConductoftheBusiness

5.2.

AccesstoInformation.

36

5.3.

NoticesofCertainEvents

ARTICLEVI 

COVENANTSOFSELLERANDTHEMEMBERS

6.1.

Confidentiality

6.2.

37

6.3.

Exclusivity

38

6.4.

ReportingandComplianceWithLaw

6.5.

InjunctiveRelief

6.6.

CovenantswithrespecttoParentClassCCommonStock.

39

ARTICLEVII 

COVENANTSOFALLPARTIESHERETO

41

7.1.

BestEfforts;

FurtherAssurances

7.2.

ConfidentialityofTransaction

7.3.

BestEffortstoObtainConsents

7.4.

TaxMatters.

ARTICLEVIII 

CONDITIONSTOCLOSING

43

8.1.

ConditiontotheObligationsofParent,BuyerandSeller

8.2.

ConditionstoObligationsofParentandBuyer

8.3.

ConditionstoObligationsofSeller

45

ii

ARTICLEIX 

RELIANCEONREPRESENTATIONSANDWARRANTIES

46

9.1.

RelianceonRepresentationsandWarrantiesofSellerandtheMembers

9.2.

RelianceonRepresentationsandWarrantiesofParent

ARTICLEX 

INDEMNIFICATION

47

10.1.

IndemnificationofParent,Buyer.

10.2.

IndemnificationofMembers

48

10.3.

Procedure

10.4.

PeriodicPayments

49

10.5.

RightofSetOff

50

10.6.

PaymentofIndemnificationbyMembers

10.7.

Insurance

10.8.

SurvivalofIndemnificationRights

ARTICLEXI 

DISPUTERESOLUTION

11.1.

Arbitration.

11.2.

WaiverofJuryTrial;

ExemplaryDamages

52

11.3.

Attorneys’Fees

ARTICLEXII 

TERMINATION

12.1.

TerminationWithoutDefault

12.2.

TerminationUponDefault.

12.3.

Survival

53

ARTICLEXIII 

MISCELLANEOUS

13.1.

Notices

13.2.

Amendments;

NoWaivers.

54

13.3.

Ambiguities

13.4.

Publicity

13.5.

Expenses

13.6.

SuccessorsandAssigns

13.7.

GoverningLaw

13.8.

Counterparts;

Effectiveness

13.9.

EntireAgreement

55

13.10.

Severability

13.11.

Captions

13.12.

Construction.

13.13.

Members’Representative.

iii

AGREEMENT,datedMarch15,2006,byandamongAccoonaCorp.,aDelawarecorporation（“Parent”）,BEAcquisitionCorp.,aDelawarecorporation（“Buyer”）,InternetMediaGroupLLC,aNewYorklimitedliabilitycompany（“Seller”）,andthemembersofSellerlistedonScheduleIhereto（eacha“Member”andcollectively,the“Members”）andAllenBenzaken（“Benzaken”）inhiscapacityasRepresentative（ashereinafterdefined）.

WITNESSETH:

WHEREAS,Sellerisinthebusinessofprovidinginternetcomparisonshoppingandrelatedservices（theforegoingbeingreferredtohereinaftercollectivelyasthe“Business”）;

WHEREAS,MembersarethesolemembersofSeller;

WHEREAS,BuyerdesirestopurchasecertainoftheassetsandassumecertainliabilitiesoftheBusinessfromSeller,andSellerdesirestosellsuchassetstoBuyerandhaveBuyerassumesuchliabilitiesoftheBusiness,uponthetermsandsubjecttotheconditionshereinaftersetforth;

and

WHEREAS,pursuanttoSection13.13,theMembersherebyappointBenzakenastheirtrueandlawfulagentandattorney-in-fact（the“Representative”）.

NOW,THEREFORE,inconsiderationoftheforegoingandtherepresentations,warranties,covenantsandagreementshereincontainedandothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichisherebyacknowledged,thepartiesheretoherebyagreeasfollows:

ARTICLEI

1.1. 

Definitions.Thefollowingterms,asusedherein,havethefollowingmeanings:

“AccountsReceivable”hasthemeaningsetforthinSection3.11.

“Action”meansanylegalaction,suit,investigation,hearingorproceeding,includinganyauditfortaxesorotherwise.

“AdditionalAgreements”meanseachoftheConveyanceDocuments,EmploymentAgreementsandRestrictiveCovenantsAgreements.

“AdjustedTangibleAssets”meansallTangibleAssetsplusanycashandcashequivalents,includinganymarketablesecurities（equaltotheclosingpriceonthethirdbusinessdaypriortotheClosingDate）（exceptforcommonstockofDynamicMarketing,Inc.）,prepaidexpenses,deposits,andaccountsreceivable（includingcreditcardreceivablesbutexcludinganyloanspayable）andnetofareservefordoubtfulaccountsof1%.

“Affiliate”means,withrespecttoanyPerson,anyPersondirectlyorindirectlycontrolling,controlledby,orundercommoncontrolwithsuchotherPerson.Withrespecttoanynaturalperson,thetermAffiliateshallalsoincludeanymemberofsaidperson’simmediatefamily,anyfamilylimitedpartnershipforsaidpersonandanytrust,votingorotherwise,ofwhichsaidpersonisatrusteeorofwhichsaidpersonoranyofsaidperson’simmediatefamilyisabeneficiary.Foravoidanceofanydoubt（i） 

withrespecttoallperiodspriortotheClosing,eachMemberandSkynetandZylonetareAffiliatesofSeller,and（ii）withrespecttoallperiodssubsequenttotheClosing,ParentandBuyerareAffiliatesoftheSeller.

“Arbitrator”hasthemeaningsetforthinSection11.1.

“AssumedLiabilities”hasthemeaningsetforthinSection2.3.

“Authority”shallmeananygovernmental,regulatoryoradministrativebody,agencyorauthority,anycourtorjudicialauthority,anyarbitrator,oranypublic,privateorindustryregulatoryauthority,whetherinternational,national,Federal,state,orlocal.

“BooksandRecords”meansallbooksandrecords,ledgers,employeerecords,customerlists,files,correspondence,andotherrecordsofev