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This excerpt taken from the VRSN 8-K filed Nov 23, 2005. ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT is entered into as of October 10, 2005, by and among: VERISIGN, INC., a Delaware corporation (“Seller”); EBAY INC., a Delaware corporation (“Parent”); PAYPAL, INC., a Delaware corporation (“Purchaser”) and wholly owned subsidiary of Parent; and PAYPAL INTERNATIONAL LIMITED, a company incorporated in the Republic of Ireland and a wholly owned subsidiary of Purchaser (“International” and together with Purchaser, “Purchasers”). Certain capitalized terms used in this Agreement are defined in Exhibit A.
RECITAL
Seller and Purchasers wish to provide for the sale of the Transferred Assets (as defined in Section 1.1) to Purchasers and/or an affiliate of Purchasers and assumption of the Assumed Liabilities (as defined in Section 1.5) by Purchaser on the terms set forth in this Agreement.
AGREEMENT
The parties to this Agreement, intending to be legally bound, agree as follows:
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