Asset Purchase Agreement between ACF Industries, LLC and American Railcar Industries, Inc.
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Summary
ACF Industries, LLC agrees to sell certain machinery, equipment, and leasehold improvements to American Railcar Industries, Inc. for a total price of $2,832,323. The assets include items previously leased by Corbitt Manufacturing and are detailed in an attached schedule. The agreement specifies the allocation of the purchase price between leasehold improvements and equipment. The transaction is effective as of March 31, 2005, with both parties signing to confirm the sale and transfer of the listed assets.
EX-10.17 18 y10848a1exv10w17.htm EX-10.17: CORBITT EQUIPMENT ACQUISITION AGREEMENT EX-10.17
Exhibit 10.17
ASSET PURCHASE AGREEMENT
In consideration and receipt of $2,832,323 ACF Industries, LLC shall sell and deliver to American Railcar Industries, Inc. certain machinery, equipment and leasehold improvements. These assets are identified as the machinery, equipment and leasehold improvements leased by Corbitt Manufacturing of American Railcar Industries, Inc. from ACF Industries, LLC.
The purchase price shall consist of $2,132,470 for leasehold improvements to the St. Charles Properties leased manufacturing facility and $699,853 for machinery and equipment. The purchased items are identified on attached Schedule A.
IN WITNESS WHEREOF, Buyer and Seller have executed this Asset Purchase Agreement as of March 31, 2005.
ACF INDUSTRIES, LLC
/s/ ACF INDUSTRIES, LLC
AMERICAN RAILCAR INDUSTRIES, INC.
/s/ AMERICAN RAILCAR INDUSTRIES, INC.
