Asset Purchase Agreement
Category: 270 Legal Recent Posts, Asset Purchase
ASSET PURCHASE AGREEMENT
This ASSET PURCHASE AGREEMENT, dated as of June 6, 2006, is made by and between CirTran Corporation, a Nevada corporation, and/or its designee (collectively, “Purchaser”), and Advanced Beauty Solutions, LLC, a California limited liability company (“Seller”), as debtor and debtor-in-possession in the chapter 11 case (the “Bankruptcy Case”) pending in the United States Bankruptcy Court for the Central District of California, San Fernando Valley Division (the “Bankruptcy Court”).
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9.2 Effect of Termination.
(a) If this Agreement is validly terminated pursuant to Section 9.1, this Agreement will forthwith become null and void, and there will be no liability or obligation on the part of any party (or any of their respective officers, directors, employees, partners, agents or other representatives or Affiliates), except as provided in Section 9.2(b).
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