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HomeMy WebLinkAboutNCG140130_Name-Owner Change Supporting Info_20260616 BILL OF SALE,ASSIGNMENT AND ASSUMPTION AGREEMENT This BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT (the "Agreement") is made and given as of February 14, 2025 by ARGOS USA LLC (the "Seller") to CONCRETE SUPPLY CO., LLC (the "Purchaser"). WHEREAS, pursuant to an Asset Purchase Agreement of even date herewith by and among Seller, Purchaser, and solely for the limited purpose as described therein, Summit Materials, LLC (the "Purchase Agreement"), Seller has agreed to sell and transfer, and Purchaser has agreed to purchase and acquire certain assets and assume certain obligations of Seller relating to the Business, on the terms and conditions of the Purchase Agreement. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby expressly acknowledged, the parties hereto do hereby agree as follows: 1. Definitions. Capitalized terms used but not defined herein shall have the same meanings give to such terms in the Purchase Agreement. 2. Transferred Assets. Seller does hereby sell, transfer, assign, convey and deliver to Purchaser the entire right, title and interest of Seller, if any, in, to and under all of the Transferred Assets (but excluding any Excluded Assets), other than the Transferred Assets sold, transferred, assigned, or conveyed by any Other Assignment Agreement(as defined below),the sale, transfer, assignment, and conveyance of which shall be governed by such Other Assignment Agreement. 3. Effective Time. The effective time of the transfer of the Transferred Assets and assumption of the Assumed Liabilities shall be the Effective Time. 4. No Liens; Title. Except as otherwise provided in the Purchase Agreement, Seller hereby conveys the Transferred Assets to Purchaser free and clear of all Liens other than Permitted Liens. 5. Assumption of Assets. Seller does hereby assign, delegate, and transfer to the Purchaser all of its right, title and interest in and to the Assumed Liabilities, and Purchaser hereby accepts and assumes all of the Assumed Liabilities and agrees to pay, discharge and perform the obligations thereunder. 6. Other Assignment Agreements. Seller and Purchaser have entered into certain specialty warranty deeds with respect to the Owned Real Property, and certain consents to assignment with respect to certain Leased Real Property(each an"Other Assignment Agreement"and collectively, the "Other Assignment Agreements"). Seller and Purchaser agree that nothing contained within any Other Assignment Agreement shall modify the terms or scope of Purchaser's assumption of the Assumed Liabilities as set forth in this Agreement, and, notwithstanding anything to the contrary set forth in any Other Assignment Agreement, Seller's assignment of the Transferred Assets and Purchaser's assumption of the Assumed Liabilities is subject to the limitations set forth in the Purchase Agreement. 1942668v1 7. Disclaimer. The parties acknowledge and agree that Seller has not made and will not make any representations or warranties of any kind whatsoever, oral or written, express or implied,with respect to any of the Transferred Assets except as expressly set forth in the Purchase Agreement. Nothing contained herein shall be deemed to alter, modify, expand or diminish the terms and provisions set forth in the Purchase Agreement, including the representations, warranties and covenants of the parties thereto contained therein. If any provision of this Agreement conflicts with any provision of the Purchase Agreement, then such provision of the Purchase Agreement will control. 8. Benefit. This Agreement is made for the benefit of Purchaser and Seller and the provisions of this Agreement may be enforced by any of them. This Agreement shall be binding upon and inure to the benefit of the parties' respective successors and assigns. 9. Executed Counterparts. Each executed copy of this Agreement shall be deemed to be an original. Different copies may be executed by Purchaser and Seller, and all executed copies shall be treated as one and the same Agreement. 10. Headings. Headings at the beginning of the various sections of this Agreement are for convenience of reference only and shall not affect the terms of this Agreement. 11. Governing Law. This Agreement shall be governed by the laws of the State of North Carolina, without regard to the conflicts of laws provisions thereof. 12. Amendment. No amendment or modification of this Agreement shall be effective unless it is set forth in writing and signed by all parties hereto. [Reminder of Page Intentionally Left Blank.] 2 1942668v1 Docusign Envelope ID: D6FAFE83-A7E8-4C66-8888-EAFCC1777505 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers, on this the date first above written. SELLER: ARGOS USA LLC By: V414 3otu..S Name: David T. Jones Title: Chief Financial Officer PURCHASER: CONCRETE SUPPLY CO., LLC By: Name: Title: [Signature Page to Bill of Sale,Assignment and Assumption Agreement] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers, on this the date first above written. SELLER: ARGOS USA LLC By: Name: Title: PURCHASER: CONCRETE SUPPLY CO., LLC By: / t/ Name __� Title. [Signature Page to Bill of Sale, Assignment and Assumption Agreement]