Bill of Sale
Exhibit 10.2
EXHIBIT B
BILL OF SALE
This Bill of Sale and Assignment and Assumption is entered into as of May 24, 2022 by JanOne, Inc. and GeoTraq, Inc., each Nevada corporations (altogether “Seller”) and SPYR, Inc., a Nevada corporation a (“Buyer”). This Bill of Sale is made pursuant to the Asset Purchase Agreement (the “Agreement”) dated May 23, 2022, by and between Seller and Buyer, to transfer the Assets, as fully defined herein. Any capitalized term used but not defined in this Bill of Sale have the meaning, if any, set forth in the Agreement.
1. Conveyance and Assignment. For good and valuable consideration in the form and amount paid under Section 2.3 of the Agreement, the receipt and adequacy of which Seller hereby acknowledges, Seller hereby sells, assigns, transfers, conveys, grants, bargains and delivers to Buyer, all of its right, title and interest in and to the Purchased Assets (“Goods”) as defined in Section 1.01 of the Agreement.
2. Disclaimer of Warranties. SELLER MAKES NO REPRESENTATION OR WARRANTY WHATSOEVER WITH RESPECT TO THE GOODS EXCEPT FOR THE WARRANTIES SET FORTH IN THE AGREEMENT.
3. Further Assurances. Seller for itself, its successors and assigns, hereby covenants and agrees that, at any time and from time to time on Buyer’s written request, Seller will do, execute, acknowledge and deliver or cause to be done, executed, acknowledged and delivered, all such further acts, deeds, assignments, transfers, conveyances, powers of attorney and assurances as may be reasonably required by Buyer in order to assign, transfer, set over, convey, assure and confirm unto and vest in Buyer, its successors and assigns, title to the assets sold, conveyed and transferred by this Bill of Sale.
4. Governing Law. This Bill of Sale is governed by, and construed in accordance with, the laws of the State of Nevada, United States of America, without regard to the conflict of laws provisions thereof to the extent such principles or rules would require or permit the application of the laws of any jurisdiction other than those of the State of Nevada. Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of Nevada located in Las Vegas and the United States District Court for Clark County Nevada for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Bill of Sale or the Agreement and the Transactions. Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices under this Agreement. Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.
5. Incorporation of Agreement. This Bill of Sale incorporates by reference all of the terms of the Agreement, including but not limited to Seller’s representations, warranties, covenants and agreements relating to the Goods, as if each term was fully set forth herein. In the event of conflict between the terms of the Agreement and the terms of this Bill of Sale, the terms of the Agreement govern and control.
6. Counterparts. This Bill of Sale may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement.
IN WITNESS WHEREOF, Seller has duly executed and delivered this Bill of Sale as of the date first written above.
SELLER: | ||
JanOne, Inc. | ||
GeoTraq, Inc. | ||
By: | /s/ Tony Isaac | |
Name: | Tony Isaac | |
Title: | Chief Executive Officer | |
BUYER: | ||
SPYR, INC. | ||
By: | /s/ Tim Matula | |
Name: | Tim Matula | |
Title: | Chief Executive Officer |