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Exhibit 2.3(b) <br />ASSUMPTION AGREEMENT <br />THIS ASSUMPTION AGREEMENT ('Agreement") is made and entered <br />into as of , 1993, by and between Reorganized CF81 Steel <br />Corporation, a Colorado corporation ("Seller, and The David J. Joseph Company, <br />a Delaware corporation ("DJJ"). <br />WITNESSETH: <br />WHEREAS, DJJ and Seller are parties to an Asset Purchase <br />Agreement dated as of , 1993 (the "Asset Purchase Agreement', <br />pursuant to which DJJ has agreed to purchase from Seller and Seller has agreed to <br />sell to DJJ certain assets of Denver Metals Company, a subsidiary of Seller ("DMC"); <br />WHEREAS, among the assets that Seller has agreed to sell and DJJ <br />has agreed to purchase are all of Seller's and/or DMC's rights with respect to the <br />contracts listed on Exhibit 1.2(c) of the Asset Purchase Agreement (collectively <br />referred to herein as the "Assigned Contracts"); <br />WHEREAS, in connection with the Asset Purchase Agreement, Seller <br />and DJJ mutually desire that DJJ, subject to and in accordance with the terms of <br />this Agreement, assume the obligations of DMC under the Assigned Contracts; <br />NOW, THEREFORE, in consideration of the premises and for other <br />good and valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, Setter and DJJ agree as follows: <br />1. Seller covenants that DMC has performed all of its obligations <br />under the Assigned Contracts which are to be performed before the effective time <br />