THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. Following the execution of this Agreement, PAWC and Seller shall each take such any and all further actions as are necessary to invoke, commence and complete.Download Pennsylvania Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price. Page. ARTICLE 1 PURCHASE AND SALE OF ASSETS. 1. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller.