San Antonio Texas Sample Asset Purchase Agreement between Warner Power, LLC, Warner Power Conversion, LLC, WPI Power Systems, Inc., WPI Electronics, Inc. and WPI Group, Inc.

• Category: Corporations - Public - Asset Purchase - Samples
• State: Multi-State
• City: San Antonio
• Control #: US-EG-9037
• Format: Word; Rich Text

Description

Asset Purchase Agr. btwn Warner Power, LLC, Warner Power Conversion, LLC, WPI Power Systems, Inc., WPI Electronics, Inc. and WPI Group, Inc. dated Dec. 22, 1999. 42 pages San Antonio, Texas is a vibrant city located in the southern part of the state. It is known for its rich history, diverse culture, and thriving economy. With a population of over 1.5 million, San Antonio offers a wide range of attractions, including the famous River Walk, the historic Alamo, and numerous museums and art galleries. The city also boasts a thriving culinary scene, with renowned Tex-Mex and barbecue cuisine. Sample Asset Purchase Agreement between Warner Power, LLC, Warner Power Conversion, LLC, WEI Power Systems, Inc., WEI Electronics, Inc., and WEI Group, Inc. Title: San Antonio Texas Sample Asset Purchase Agreement — Warner Power, LLAntwerpPI Group, Inc. Introduction: This Sample Asset Purchase Agreement outlines the terms and conditions for the transfer of assets between Warner Power, LLC and WEI Group, Inc. It aims to ensure a smooth and mutually beneficial transaction in the city of San Antonio, Texas. Agreement Details: 1. Parties Involved: — Warner Power, LLC: A leading power solutions company specializing in power conversions and electronic systems. — Warner Power Conversion, LLC: A subsidiary of Warner Power, LLC, focused on advanced power conversion technologies. WEIPI Power Systems, Inc.: A prominent player in the power systems' industry, offering innovative solutions. WEIPI Electronics, Inc.: A subsidiary of WEI Power Systems, Inc., known for its cutting-edge electronic components. WEIPI Group, Inc.: The parent company of WEI Power Systems, Inc. and WEI Electronics, Inc., overseeing their operations. 2. Purpose: This agreement governs the purchase of specified assets from Warner Power, LLC and Warner Power Conversion, LLC by WEI Power Systems, Inc. and WEI Electronics, Inc., as facilitated by their parent company, WEI Group, Inc. The acquired assets will contribute to the expansion and enhancement of WEI's product portfolio and capabilities. 3. Assets: a. Warner Power, LLC: — Intellectual property rights related to power conversion technologies. — Research and development projects and associated patents. — Manufacturing facilities and equipment. — Existing customer contracts and relationships. b. Warner Power Conversion, LLC: — Specific product lines focused on power conversion for industrial applications. — Inventory, including finished goods and raw materials. — Branding and marketing materials. 4. Purchase Price and Payment Terms: — The purchase price will be determined through a mutually agreed-upon valuation of the assets. — Payment terms, including any adjustments or installment options, will be outlined in a separate schedule. 5. Closing and Transition: — The effective date of this agreement will be the closing date when ownership of the assets is transferred to the purchasing parties. — The transition process will ensure minimal disruption to operations and customer relationships. — Both parties agree to cooperate in providing necessary information, training, and support during the transition period. 6. Representations and Warranties: — Each party represents and warrants that they have the legal authority to enter into this agreement and conduct the transaction. — Both parties agree to disclose any known liabilities or legal issues related to the assets being transferred. This San Antonio Texas Sample Asset Purchase Agreement is a comprehensive document designed to protect the interests of all parties involved in the asset purchase transaction between Warner Power, LLC, Warner Power Conversion, LLC, WEI Power Systems, Inc., WEI Electronics, Inc., and WEI Group, Inc. Its purpose is to provide a clear framework for the transfer of assets and ensure a smooth transition process.

San Antonio, Texas is a vibrant city located in the southern part of the state. It is known for its rich history, diverse culture, and thriving economy. With a population of over 1.5 million, San Antonio offers a wide range of attractions, including the famous River Walk, the historic Alamo, and numerous museums and art galleries. The city also boasts a thriving culinary scene, with renowned Tex-Mex and barbecue cuisine. Sample Asset Purchase Agreement between Warner Power, LLC, Warner Power Conversion, LLC, WEI Power Systems, Inc., WEI Electronics, Inc., and WEI Group, Inc. Title: San Antonio Texas Sample Asset Purchase Agreement — Warner Power, LLAntwerpPI Group, Inc. Introduction: This Sample Asset Purchase Agreement outlines the terms and conditions for the transfer of assets between Warner Power, LLC and WEI Group, Inc. It aims to ensure a smooth and mutually beneficial transaction in the city of San Antonio, Texas. Agreement Details: 1. Parties Involved: — Warner Power, LLC: A leading power solutions company specializing in power conversions and electronic systems. — Warner Power Conversion, LLC: A subsidiary of Warner Power, LLC, focused on advanced power conversion technologies. WEIPI Power Systems, Inc.: A prominent player in the power systems' industry, offering innovative solutions. WEIPI Electronics, Inc.: A subsidiary of WEI Power Systems, Inc., known for its cutting-edge electronic components. WEIPI Group, Inc.: The parent company of WEI Power Systems, Inc. and WEI Electronics, Inc., overseeing their operations. 2. Purpose: This agreement governs the purchase of specified assets from Warner Power, LLC and Warner Power Conversion, LLC by WEI Power Systems, Inc. and WEI Electronics, Inc., as facilitated by their parent company, WEI Group, Inc. The acquired assets will contribute to the expansion and enhancement of WEI's product portfolio and capabilities. 3. Assets: a. Warner Power, LLC: — Intellectual property rights related to power conversion technologies. — Research and development projects and associated patents. — Manufacturing facilities and equipment. — Existing customer contracts and relationships. b. Warner Power Conversion, LLC: — Specific product lines focused on power conversion for industrial applications. — Inventory, including finished goods and raw materials. — Branding and marketing materials. 4. Purchase Price and Payment Terms: — The purchase price will be determined through a mutually agreed-upon valuation of the assets. — Payment terms, including any adjustments or installment options, will be outlined in a separate schedule. 5. Closing and Transition: — The effective date of this agreement will be the closing date when ownership of the assets is transferred to the purchasing parties. — The transition process will ensure minimal disruption to operations and customer relationships. — Both parties agree to cooperate in providing necessary information, training, and support during the transition period. 6. Representations and Warranties: — Each party represents and warrants that they have the legal authority to enter into this agreement and conduct the transaction. — Both parties agree to disclose any known liabilities or legal issues related to the assets being transferred. This San Antonio Texas Sample Asset Purchase Agreement is a comprehensive document designed to protect the interests of all parties involved in the asset purchase transaction between Warner Power, LLC, Warner Power Conversion, LLC, WEI Power Systems, Inc., WEI Electronics, Inc., and WEI Group, Inc. Its purpose is to provide a clear framework for the transfer of assets and ensure a smooth transition process.