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HomeMy WebLinkAboutNCGNE1329_Name-Owner Change Supporting Info_20201001ASSIGNMENT AND BILL OF SALE This Assignment and Bill of Sale (this "Agreement") is entered into effective as October 1, 2020 by and between Poteet Printing Systems, LLC, a North Carolina limited liability company (`Assignor"), and Flint Group Packaging Inks North America Corporation, a Texas corporation (the "Assignee"). The Assignor and the Assignee are collectively referred to as the "Parties." Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in that certain Asset Purchase Agreement (the "Purchase Agreement") entered into effective as of the date hereof, by and among the Assignor, the Assignee and the Members. In consideration of the mutual promises contained in the Purchase Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged: 1. Transfer and Assignment. Upon the terms and subject to the conditions of the Purchase Agreement, Assignor hereby sells, transfers, assigns, conveys, and delivers to Assignee, free and clear of any and all Liens other than Permitted Liens, all of Assignor's right, title and interest in and to the Acquired Assets. It is expressly acknowledged and agreed that Assignor is not selling, transferring and assigning to Assignee, and that Assignee is not acquiring, the Excluded Assets. 2. Purchase Agreement. This Agreement is being executed in connection with, and is subject to all rights, remedies, representations, warranties, covenants, obligations and agreements set forth in the Purchase Agreement. Nothing in this Agreement shall be construed to supersede, amend or modify any provision of the Purchase Agreement or any rights or obligations of the parties under the Purchase Agreement. If any provision of this Agreement conflicts with or is inconsistent with the terms of the Purchase Agreement, the terms of the Purchase Agreement shall govern. 3. Further Assurances. In case at any time after the Closing any further action is necessary or desirable to carry out the purposes of this Agreement, each of the Parties (at their respective sole cost and expense, unless the requesting Party is entitled to indemnification therefor under the Purchase Agreement, in which case the other Party shall be responsible for all costs and expenses of the requesting Party) will take such further action (including the execution and delivery of such further instruments and documents) as the other Parties may reasonably request. 4. Miscellaneous. The Miscellaneous provisions set forth in Article VIII of the Purchase Agreement are hereby incorporated by reference herein, mutatis mutandis. [Signatures follow on the next page] IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the day and year first above written. Assignee: Flint Group gPckag, ng Inks America Corporation By: Name: A 'a Ruieil` Title: Authorized Signatory Assignor: Poteet Printing Systems, LLC By: Name: Roger Poteet Title: Authorized Signatory [Signature Page to Assignment and Bill of Sale] IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the day and year first above written. Assignee: Flint Group Packaging Inks North America Corporation By: Name: Anila Ruseti Title: Authorized Signatory Assignor: Poteet Printing ring System LLC By:� F z T Name: Roger Poteet Title: Authorized Signatory [Signature Page to Assignment and Bill of Sale]