2020-10-09_GENERAL DOCUMENTS - C1980004 (4)

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Case 1:20-bk-12043 Doc 465-1 Filed 10/09/20 Entered 10/09/20 14:01:47 Desc Exhibit 1 - Sale Agreement between certain Debtors and the Stalking Horse Bidder Page 3 of 207 TABLE OF CONTENTS SECTION HEADING PAGE ARTICLE I DEFINITIONS .................................................................................................2 Section 1.1. Certain Definitions.................................................................................2 Section 1.2. Other Definitional and Interpretive Matters ........................................21 ARTICLE II PURCHASE AND SALE OF ASSETS; ASSUMPTION OF LIABILITIES.................22 Section 2.1. Purchase and Sale of Assets.................................................................22 Section 2.2. Excluded Assets...................................................................................25 Section 2.3. Assumption of Liabilities.....................................................................26 Section 2.4. Excluded Liabilities .............................................................................27 Section 2.5. Non-Assignment of Assets ..................................................................31 Section 2.6. Further Conveyances and Assumptions...............................................32 Section 2.7. PMSI Equipment..................................................................................32 ARTICLE III. CONSIDERATION.........................................................................................32 Section 3.1. Consideration.......................................................................................32 Section 3.2. Allocation of Credit Bid.......................................................................33 Section 3.3. Payment of Purchase Price...................................................................33 ARTICLE IV. CLOSING AND TERMINATION......................................................................33 Section4.1. Closing Date.........................................................................................33 Section 4.2. Deliveries by Sellers............................................................................34 Section 4.3. Deliveries by Purchaser .......................................................................35 Section 4.4. Termination of Agreement...................................................................35 Section 4.5. Procedure Upon Termination...............................................................37 Section 4.6. Effect of Termination...........................................................................37 ARTICLE V. REPRESENTATIONS AND WARRANTIES OF SELLERS....................................38 Section 5.1. Organization and Good Standing.........................................................38 Section 5.2. Authorization of Agreement................................................................38 Section 5.3. Governmental Consents.......................................................................39 Section 5.4. Title to Purchased Assets; Purchased Real Property ...........................39 Section 5.5. Validity of Purchased Contracts ..........................................................41 Section5.6. Litigation..............................................................................................41 Section 5.7. Financial Advisors ...............................................................................41 Section 5.8. Environmental, Mining and Mine Safety Matters ...............................42 Section 5.9. Sellers' Intellectual Property................................................................43 Section 5.10. Compliance with Applicable Laws; Permits........................................44 i 4844-9981-3577v6 4821-9091-9881.v1