This Asset Purchase Agreement (the Agreement ) is made as of the 22nd day of February,. 0168257 in the Official Records of San Bernardino County, California.ARTICLE I PURCHASE AND SALE OF THE PROJECT ASSETS 1 1.1 Purchase and Sale 1 1.2 Retained Land 2 1.3 Purchase Price 3 1.4 Transfer Taxes 3 Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction. The buyer and seller will sign escrow instructions, which list the contingencies from the purchase agreement, and any other requirements for escrow to close.