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HomeMy WebLinkAboutNCG050216_Name-Owner Change Supporting Info_20231020 • BILL OF SALE AND ASSIGNMENT AND ASSUMPTION AGREEMENT This Bill of Sale and Assignment and Assumption Agreement(this "Agreement"), dated as of October 13 , 2023, is entered into among FOCUS MANAGEMENT GROUP USA, INC. a Florida corporation, solely in its capacity as general receiver for PRESTIGE FABRICATORS INC., a North Carolina corporation ("Seller"), and VPC FOAM USA INC., a Delaware corporation("Purchaser"). WHEREAS, this Agreement is delivered pursuant to the Asset Purchase Agreement, dated as of the date hereof(the "Purchase Agreement"), among Purchaser and Seller pursuant to which Seller agreed to assign the Purchased Assets to Purchaser, and Purchaser agreed to accept the Purchased Assets and assume the Assumed Liabilities for the consideration described in the Purchase Agreement. Capitalized terms not otherwise defined herein shall have the meanings given to them in the Purchase Agreement. NOW, THEREFORE, in consideration of the mutual covenants set forth in the Purchase Agreement and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,the parties hereby covenant and agree as follows: • 1. Bill of Sale;Assignment of Assets. Seller hereby sells,assigns,transfers, conveys and delivers to Purchaser, and Purchaser hereby accepts from Seller, all of Seller's right, title, and interest in, to and under the Purchased Assets, including but not limited to those certain assets as set forth on Exhibit A attached hereto. 2. Assumed Liabilities. Purchaser and Seller acknowledge that Purchaser has not agreed to any accept any Assumed Liabilities, as reflected in the Purchase Agreement. 3. Terms of the Purchase Agreement. To the extent that any provision of this Agreement is inconsistent or conflicts with the Purchase Agreement, the provisions of the Purchase Agreement shall control. Nothing contained in this Agreement shall be deemed to supersede, enlarge, or modify any of the obligations, agreements, covenants, or warranties of Seller or Purchaser contained in the Purchase Agreement. 4, Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of North Carolina without giving effect to any choice or conflict of law provision or rule (whether of the State of North Carolina or any other jurisdiction). 5. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. [SIGNATURE PAGE FOLLOWS] 305192681v.I IN WITNESS WHEREOF, the parties have caused this Bill of Sale and Assignment and Assumption Agreement to be executed as of the date first written above. SELLER: FOCUS MANAGEMENT GROUP USA, INC., solely in its capacity as general receiver for Prestige Fabricators, Inc. By: Name: Michael P. Grau Title: Senior Managing Director PURCHASER: VPC FOAM USA INC. By: Name: Peter Farah Title: CEO and President [Signature Page to Bill of Sale and Assignment and Assumption Agreement] IN WITNESS WHEREOF, the parties have caused this Bill of Sale and Assignment and Assumption Agreement to be executed as of the date first written above. SELLER: FOCUS MANAGEMENT GROUP USA, INC., solely in its capacity as general receiver for Prestige Fabricators, Inc. „0—....DocuSigned by: By: kidutd p. Name:ViagiVIT.1Grau Title: Senior Managing Director PURCHASER: VPC FOAM USA INC. By: Name: Title: • [Signature Page to Bill of Sale and Assignment and Assumption Agreement] •