Exhibit 10.45
BILL OF SALE AND ASSIGNMENT
THIS BILL OF SALE AND ASSIGNMENT, made, executed and delivered this 10/th/
day of September, 2002 (the "Closing Date"), by Safety-Kleen Services, Inc., a
Delaware corporation (the "Company"), and the Company's Selling Subs listed on
Schedule 9.1 to the Acquisition Agreement (as defined below) (the Company and
the Selling Subs being referred to below each a "Seller", and together, the
"Sellers") to Clean Harbors, Inc., a Massachusetts corporation (the "Purchaser")
and the Purchaser's Purchasing Subs listed on the signature page to this Bill of
Sale and Assignment. Capitalized terms used herein but not defined herein shall
have the meanings ascribed to such terms in the Acquisition Agreement.
W I T N E S S E T H:
WHEREAS, the Company and the Purchaser have entered into an Acquisition
Agreement, dated as of February 22, 2002, as amended to date (as so amended, the
"Acquisition Agreement"), pursuant to which the Company has agreed to sell,
assign, transfer, convey and deliver, or to cause to be sold, assigned, conveyed
or delivered, and the Purchaser and the Purchasing Subs have agreed to purchase
and accept, the Acquired Assets; and
WHEREAS, the parties desire to carry out the intent and purpose of the
Acquisition Agreement by the Sellers' execution and delivery to the Purchaser
and the Purchasing Subs of this instrument evidencing the vesting in the
Purchaser and the Purchasing Subs of the Acquired Assets owned by the Sellers.
NOW, THEREFORE, in consideration of the premises and of other valuable
consideration to the Company paid by the Purchaser, at or before the execution
and delivery hereof, the receipt and sufficiency of which by the Company is
hereby acknowledged, the Sellers, by this Bill of Sale and Assignment, do
convey, grant, bargain, sell, transfer, set over, assign, alien, remise,
release, deliver and confirm unto the Purchaser and the Purchasing Subs and
their successors and assigns forever, all of the Sellers' right, titles and
interests in and to the Acquired Assets (which do not include the Excluded
Assets).
TO HAVE AND HOLD all of the Acquired Assets unto the Purchaser and the
Purchasing Subs, and their successors and assigns to its and their own use and
behoof forever, subject to the provisions of the Acquisition Agreement.
Section 1. Each of the Sellers hereby constitutes and appoints the
Purchaser, its successors and assigns, as such Seller's true and lawful
attorney, with full power of substitution, in such Seller's name and stead, but
on behalf and for the benefit of
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the Purchaser and the Purchasing Subs, and their successors and assigns, to
demand and receive any and all of the Acquired Assets, and to give receipts and
releases for and in respect of the same, and any part thereof, and from time to
time to institute and prosecute in such Seller's name, or otherwise, for the
benefit of the Purchaser and the Purchasing Subs, and their successors and
assigns, any and all proceedings at law, in equity or otherwise, which the
Purchaser, its successors or assigns, may deem proper for the collection or
reduction to possession of any of the Acquired Assets or for the collection and
enforcement of any claim or right of any kind hereby sold, conveyed, transferred
or assigned, or intended so to be, and to do all acts and things in relation to
the Acquired Assets which the Purchaser and the Purchasing Subs, and their
successors or assigns shall deem desirable, each of the Sellers hereby declaring
that the foregoing powers are coupled with an interest and are and shall be
irrevocable by such Seller or by its dissolution or in any other manner or for
any reason whatsoever.
Section 2. Each of the Sellers hereby covenants that, from time to time
after the delivery of this instrument, at the Purchaser's request and without
further consideration, the Sellers will do, execute, acknowledge, and deliver,
or will cause to be done, executed, acknowledged and delivered, all and every
such further acts, deeds, conveyances, transfers, assignments, powers of
attorney and assurances as reasonably may be required more effectively to
convey, transfer to and vest in the Purchaser and the Purchasing Subs any of the
Acquired Assets.
Section 3. Nothing in this instrument, express or implied, is intended or
shall be construed to confer upon, or give to, any Person other than the
Purchaser and the Purchasing Subs, and their successors and assigns, any remedy
or claim under or by reason of this instrument or any terms, covenants or
condition hereof, and all terms, covenants and conditions, promises and
agreements contained in this instrument shall be for the sole and exclusive
benefit of the Purchaser and the Purchasing Subs, and their successors and
assigns.
Section 4. This instrument shall be binding upon the Sellers, the
Purchaser and the Purchasing Subs, and their respective successors and assigns,
effective immediately upon its delivery to the Purchaser.
Section 5. Nothing contained in this Bill of Sale and Assignment shall in
any way supersede, modify, replace, amend, change rescind, expand, exceed or
enlarge or in any way affect the provisions, including the warranties,
covenants, agreements, conditions, or in general, any rights and remedies, and
any of the obligations of the Company or the Purchaser set forth in the
Acquisition Agreement.
Section 6. This Bill of Sale and Assignment shall be governed by and
construed in accordance with the Laws of the State of Delaware without regard to
the
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rules of conflict of laws of the State of Delaware or any other jurisdiction.
Until confirmation of the Bankruptcy Plan, the Purchaser, the Purchasing Subs
and the Sellers irrevocably and unconditionally consent to submit to the
jurisdiction of the Bankruptcy Court for any litigation arising out of or
relating to this Bill of Sale and Assignment and the transactions contemplated
hereby (and agree not to commence any litigation relating thereto except in the
Bankruptcy Court).
Section 7. No amendment or modification of this Bill of Sale and
Assignment shall be effective unless it is set forth in writing and signed by
each of the parties hereto.
Section 8. This Bill of Sale and Assignment may be executed in
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same original.
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IN WITNESS WHEREOF, each of the Sellers, the Purchaser and the Purchasing
Subs have caused this Bill of Sale and Assignment to be signed by their
respective duly authorized officers as of the date set forth above.
SAFETY-KLEEN SERVICES, INC.
By: /s/ D. M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
SELLING SUBS:
SAFETY-KLEEN (CONSULTING), INC.
By: /s/ Larry W. Singleton
----------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN (LONE AND GRASSY MOUNTAIN), INC.
By: /s/ D. M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (TULSA), INC.
By: /s/ D. M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (SAN ANTONIO), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (WICHITA), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (DELAWARE), INC.
By: /s/ Larry W. Singleton
----------------------------------------
Name: Larry W. Singleton
Title: President
SK SERVICES (EAST), L.C.
By: /s/ Larry W. Singleton
----------------------------------------
Safety-Kleen (Delaware, Inc.), its Sole Shareholder
Name: Larry W. Singleton
Title: President of Sole Shareholder
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SK SERVICES, L.C.
By: /s/ Larry W. Singleton
------------------------------------
Safety-Kleen (Delaware), Inc.,
Its Sole Shareholder
Name: Larry W. Singleton
Title: President of Sole Shareholder
SAFETY-KLEEN (ROSEMOUNT), INC.
By: /s/ Larry W. Singleton
------------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN (SAWYER), INC.
By: /s/ Larry W. Singleton
------------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN (PPM), INC.
By: /s/ D. M. Sprinkle
------------------------------------
Name: David M. Sprinkle
Title: President
NINTH STREET PROPERTIES, INC.
By: /s/ Larry W. Singleton
------------------------------------
Name: Larry W. Singleton
Title: President
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SAFETY-KLEEN (SAN JOSE), INC.
By: /s/ D. M. Sprinkle
------------------------------------
Name: David M. Sprinkle
Title: President
CHEMCLEAR, INC. OF LOS ANGELES
By: /s/ D. M. Sprinkle
------------------------------------
Name: David M. Sprinkle
Title: President
USPCI, INC. OF GEORGIA
By: /s/ Larry W. Singleton
------------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN HOLDINGS, INC.
By: /s/ Larry W. Singleton
------------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN (WESTMORLAND), INC.
By: /s/ D. M. Sprinkle
------------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (BUTTONWILLOW), INC.
By: /s/ D. M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (NE), INC.
By: /s/ David M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (CROWLEY), INC.
By: /s/ D. M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (LAPORTE), INC.
By: /s/ D. M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (TG), INC.
By: /s/ D. M. Sprinkle
----------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (ROEBUCK), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (TS), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (COLFAX), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
GSX CHEMICAL SERVICES OF OHIO, INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
LEMC, INC.
By: /s/ Larry W. Singleton
----------------------------------------
Name: Larry W. Singleton
Title: President
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SAFETY-KLEEN CHEMICAL SERVICES, INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (ALTAIR), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (FS), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (BDT), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (GS), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (CLIVE), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (WT), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN OSCO HOLDINGS, INC.
By: /s/ Larry W. Singleton
----------------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN (NASHVILLE), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (BARTOW), INC.
By: /s/ D. M Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (CALIFORNIA), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (CHATTANOOGA), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (PECATONICA), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (WHITE CASTLE), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (PUERTO RICO), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (BRIDGEPORT), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (DEER PARK), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (BATON ROUGE), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (PLAQUEMINE), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (CUSTOM TRANSPORT), INC.
By: /s/ Larry W. Singleton
----------------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN (LOS ANGELES), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (TIPTON), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (GLOUCESTER), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: D. M. Sprinkle
Title: President
SAFETY-KLEEN (DEER TRAIL), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
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SAFETY-KLEEN (MT. PLEASANT), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (MINNEAPOLIS), INC.
By: /s/ Larry W. Singleton
----------------------------------------
Name: Larry W. Singleton
Title: President
SAFETY-KLEEN (ARAGONITE), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (SUSSEX), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
SAFETY-KLEEN (ENCOTEC), INC.
By: /s/ D. M. Sprinkle
----------------------------------------
Name: David M. Sprinkle
Title: President
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CLEAN HARBORS, INC.
By: /s/ Alan McKim
-----------------------------------
Name: Alan McKim
Title: President
PURCHASING SUBS:
Altair Disposal Services, LLC
Baton Rouge Disposal, LLC
Bridgeport Disposal, LLC
Clean Harbors Andover, LLC
Clean Harbors Antioch, LLC
Clean Harbors Aragonite, LLC
Clean Harbors Arizona, LLC
Clean Harbors Baton Rouge, LLC
Clean Harbors BDT, LLC
Clean Harbors Buttonwillow, LLC
Clean Harbors Chattanooga, LLC
Clean Harbors Chemical Sales, LLC
Clean Harbors Coffeyville, LLC
Clean Harbors Colfax, LLC
Clean Harbors Deer Park, L.P.
Clean Harbors Deer Trail, LLC
Clean Harbors Florida, LLC
Clean Harbors Grassy Mountain, LLC
Clean Harbors Kansas, LLC
Clean Harbors LaPorte, L.P.
Clean Harbors Laurel, LLC
Clean Harbors Lone Mountain, LLC
Clean Harbors Los Angeles, LLC
Clean Harbors of Texas, LLC
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Clean Harbors Pecatonica, LLC
Clean Harbors Plaquemine, LLC
Clean Harbors PPM, LLC
Clean Harbors Reidsville, LLC
Clean Harbors San Jose, LLC
Clean Harbors Tennessee, LLC
Clean Harbors Westmorland, LLC
Clean Harbors White Castle, LLC
Crowley Disposal, LLC
Disposal Properties, LLC
GSX Disposal, LLC
Harbor Industrial Services Texas, L.P.
Hilliard Disposal, LLC
Roebuck Disposal, LLC
Sawyer Disposal Services, LLC
Tulsa Disposal, LLC
Northeast Casualty Real Property, LLC
By: /s/ Alan McKim
----------------------------------
Name: Alan McKim
Title: President
[Bill of Sale]
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