Custom Trailer Manufacturing Business in Illinois

Sale of substantially all of assets of the Schantz Holdings Inc., The sale assets including Real Estate and Manufacturing’s assets, described as below:

• Real Estate Seller’s right, title and interest in and to the real estate located in Madison County, Illinois, commonly known as 13480 U.S. Hwy. 40, Highland, Illinois 62249, as more fully described on Schedule 2.2 attached hereto;
• All billed and unbilled accounts, notes and credit card receivables (whether current or noncurrent) and all causes of action specifically pertaining to the collection of the foregoing;
• All purchase orders not specifically excluded and related credit protections;
• All promotional allowances and vendor rebates and similar items;
• All Intellectual Property, along with all goodwill associated therewith and the business symbolized thereby, all income, royalties, products, proceeds, damages and payments due or payable to Asset Seller as of the Closing or thereafter, including damages and payments for past, present or future infringements, misappropriations or other causes of actions thereof, the right to sue and recover for past infringements, misappropriations or other causes of actions thereof and any and all corresponding rights that, now or hereafter, may be secured throughout the world and all copies and tangible embodiments of any such Intellectual Property in Asset Seller’s possession or control;
• All of Asset Seller’s rights existing under the Assigned Contracts (for the avoidance of doubt, a list of such Assigned Contracts is set forth in Schedule 2.1faf(v)), as determined by Buyer, to the extent that such Assigned Contracts (A) have been entered into after the petition for a Chapter 11 Case and assigned by Asset Seller pursuant to documentation acceptable to Buyer, (B) have been assumed prior to the date of the Sale Order pursuant to an Order of the Bankruptcy Court and assigned by Asset Seller to Buyer pursuant to the Sale Order or other Order of the Bankruptcy Court, or (C) are assumed and assigned by Asset Seller pursuant to Section 2.1 (b);
• All safety deposit boxes, lock boxes and the like;
• All owned machinery, equipment (including all transportation and office equipment), fixtures, trade fixtures, computer and information technology equipment and related data, telephone systems and furniture owned by Asset Seller wherever located, including all such items which are located in any Facility;
• All Inventory;
• All owned office supplies, production supplies, spare parts, other miscellaneous supplies, and other tangible property of any kind wherever located, including all property of any kind located in any building, office or other space leased, owned or occupied by Asset Seller or in any warehouse where any of Asset Seller’s properties and assets may be situated;
• All security and other deposits and advances and prepaid assets and other current assets, including any Tax receivables and Tax refunds;
• All claims, including Claims, deposits, prepayments, warranties, guarantees, refunds, reimbursements, causes of action, rights of recovery, rights of set-off and rights of recoupment of every kind and nature (whether or not known or unknown or contingent or noncontingent);
• The right to receive and retain mail, accounts, notes and credit card receivables payments and other communications;
• The right to bill and receive payment for products shipped or delivered and services performed but unbilled or unpaid as of the Closing;
• All Books and Records;
• All advertising, marketing and promotional materials;
• All transferrable Permits, licenses, certifications and approvals from all permitting, licensing, accrediting and certifying agencies, and the rights to all data and records held by such permitting, licensing and certifying agencies;

The Sale Assets are more described in "ASSET PURCHASE AGREEMENT" from Page 15-17 on the attached PDF.