This excerpt taken from the KIDS 8-K filed Mar 29, 2006.
NOTE 2 ASSET PURCHASE AGREEMENT
On January 13, 2006, PoshBaby, Inc., a wholly owned subsidiary of BabyUniverse, Inc. (BabyUniverse), the Registrant, completed an acquisition of substantially all of the assets, liabilities, contracts and intellectual property of Posh Tots, LLC (Posh Tots). The total consideration paid by PoshBaby, Inc. was $14,145,119, and consisted of the following:
The following table sets forth the preliminary allocation of the purchase price to Posh Tots tangible and intangible assets acquired and liabilities assumed as if the acquisition of Posh Tots assets and liabilities took place on December 31, 2005.
This excerpt taken from the KIDS 8-K filed Jan 20, 2006.
ASSET PURCHASE AGREEMENT
This ASSET PURCHASE AGREEMENT (this Agreement) is entered into as of January 13, 2006 by and among (i) POSHBABY, INC., a Virginia Corporation (Purchaser); (ii) POSH TOTS, L.L.C., a Virginia limited liability company (the Company); and (iii) KAREN BOOTH ADAMS and MICHAEL DRU ADAMS, being all of the members of the Company (Karen and Dru collectively, the Members and the Members, together with the Company, the Selling Parties). Certain other capitalized terms used herein are defined in Article XI and throughout this Agreement.