##### 



Exhibit 2.1
EXECUTION VERSION
 ASSET PURCHASE AGREEMENT
 Purchaser Seller
 ARTICLE I
 DEFINITIONS
 Certain Defined Terms Exhibit A
 Interpretation and Rules of Construction
      ARTICLE II
 PURCHASE AND SALE
 Purchased Assets
 Purchased Assets




---



##### 



Excluded Assets
 Assumed Liabilities
 Excluded Liabilities
 The Purchase Price Sections 2.05 5.05 minus plus Purchase Price
 The Closing
 Closing Deliveries and Payments
  Exhibit D Bills of
Sale
   2




---



##### 



Schedule 5.08(a)
        Settlement Payments
 Section 5.05 Section 2.05(b) Section 5.05(a)(iv) Section 5.05(b) Section 5.05(a)(iii)
 3




---



##### 



provided however Section 5.05 Section 2.05(a)
 Section
2.05(a)
   4




---



##### 



Section
2.05(a)
 plus
 plus
 Post-Closing Amounts Received and Paid
 Consents; Administration Pending Consent
  5




---



##### 



provided however Section
2.04(a)(i)
 Section 2.07(a) Section 2.07(b) Section 2.07(a) provided however
 6




---



##### 



ARTICLE III
 REPRESENTATIONS AND WARRANTIES OF THE SELLER
 Exhibit B Sections 3.01 3.22 Exhibit B
 ARTICLE IV
 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
 Exhibit C Sections 4.01 4.06 Exhibit C
 ARTICLE V
 COVENANTS; INDEMNITIES
  [Intentionally Omitted]
 [Intentionally Omitted]
 Tax Matters
 Allocation of Purchase Price
 7




---



##### 



Section 5.05(b) Section 5.05(b)
 Property Taxes
 Cooperation with Respect to Tax Returns provided however
 Erroneous Tax Payments
 8




---



##### 



Indemnifications, Assumptions of Liability and Related Matters
 Indemnification by the Seller for Breach Purchaser Indemnified Parties Section 8.01 Section 5.04(a) Section 3.07(a) Section 3.13 Section 3.13
 Limitation on Liability
 Sections 3.01 3.02 3.03 3.16 3.18(b)(iii)(B) 3.19(a) 3.21(h) 3.22 Seller Special Representation Seller Special Representations
 Section
5.04(a)(i) Section 5.04(a)(iii)
 9




---



##### 



provided however Liability
Cap
 Section 5.01(a) Section 5.02 Section 5.04(a)(i) Section
5.01(a) 5.02 Section 5.04(b)(ii) Section 5.04 Section 5.04
 Section 5.04(a)(i) Section 5.04(b)(i) Section 5.04(b)(ii) Tax
Differential Tax Director Tax Certification
 Section 3.21(e)
 10




---



##### 



Survival of Representations and Warranties of the Seller
  provided that Section 3.21 Section 3.21(g) Section 3.21(h)
 Section 3.09 Section 3.21(g)
 Additional Indemnification by the Seller
    11




---



##### 



provided, however, Section 6.1(f)
 Indemnification by the Purchaser Seller Indemnified Parties Section 8.01 Section 5.04(e)
 12




---



##### 



Survival of Representations and Warranties of the Purchaser; Limitation on
Liability
 Section
5.04(e)(i) Section 5.04(e)(iii) Sections 4.01 4.02 4.03 4.05 4.06 Purchaser Special Representation Purchaser Special Representations
 Section
5.04(e)(i) Section 5.04(e)(iii) provided however
    Indemnification Procedure for Third Party Actions Section 5.04
 Section 5.04
 13




---



##### 



Section 5.04 Section
5.04(g)(i) Section 5.04(g)(i)
 provided however
 provided however provided further
 14




---



##### 



provided however Section 5.04 provided however
  provided however
  15




---



##### 



Monetary Settlement Non-Assumable Claim
Offer provided however
  16




---



##### 



Section 5.04, Section 6.1(f)
 Exclusive Remedy Section 5.04(b)(v) Section 5.27 Exhibit B Exhibit C
 Preparation of Closing Date Schedule and Final Adjusted Closing Date
Schedule
 Preparation of Closing Date Schedule
  17




---



##### 



Section 5.05(b)
 Interim Balance Sheet Draft Closing Statements Section 5.5(a)(i) 5.5(a)(iii)
  18




---



##### 



Section 5.05(b) Final Closing
Statements Section 5.5(b)
  Conflict Resolution Mechanism
 19




---



##### 



Section 5.05(b)
 Payment of Fees Section 5.05 Section 5.05 Section 5.05(b)
 Cooperation Section 5.05
 Insurance; Risk of Loss
 Section 5.06(a) Sellers Insurance Policies Seller Liabilities Seller Claims
 [ Intentionally Omitted ]
 Amendments to Securitization Documents Schedule 5.08(a)
 20




---



##### 



[Intentionally Omitted]
 Further Assurances
   Payment of Brokers or Finders Fees
 [Intentionally Omitted]
 [Intentionally Omitted]
 Transfer Taxes Transfer Taxes
 21




---



##### 



Records
  Section 5.15(a) provided however provided however
 Transaction provided however
 22




---



##### 



Bulk Transfer Laws
 Access to Facilities
 [ Intentionally Omitted ]
 Delivery of Closing Portfolio Tape Sections 2.04(a)(i) 2.04(b)(ii)(A)
 Enforcement of Liens
 [Intentionally Omitted]
 [Intentionally Omitted]
 [Intentionally Omitted]
 Allocations
 [ Intentionally Omitted ]
 Recourse Obligations Schedule
3.18(b) Historic Exception Contract
 23




---



##### 



Payment of Indemnified Items; Eligible Repayment Items
 Schedule
5.27 Schedule 5.27 Section
5.27(b) provided Schedule 5.27 Schedule 5.27 Section 10.6
 Section 5.27(a)
 Securitization Matters Exhibit F
 Shared Collections GE Capital
 24




---



##### 



ARTICLE VI
 [INTENTIONALLY OMITTED]
 ARTICLE VII
 [INTENTIONALLY OMITTED]
 ARTICLE VIII
 GENERAL
 Amendments
 Integrated Contract Section 8.01
 Governing Law
 Notices
 25




---



##### 



26




---



##### 



No Assignment provided however provided further Schedule
1.01(c)
 Headings
 Counterparts
 Announcements
 Severability
 Binding Effect
 Waiver of Jury Trial
 27




---



##### 



Exclusive Jurisdiction Section 8.04
 No Third Party Beneficiary Section 5.04 Third Party Beneficiary Section 5.04 Section 5.04 Section 8.01 Section 5.04
 Expenses
  28




---



##### 



GENERAL ELECTRIC CAPITAL CORPORATIONBy:Name:Title:IKON OFFICE SOLUTIONS, INC.By:Name:Title:
 29




---



##### 



EXHIBIT A
 DEFINITIONS
 Accounting Principles Exhibit E
 cquired ABS Assets
 Acquiring Entity
 Action
 Affiliate
 Agreed Warranty Annex D
 Agreement
 Ambac
 A-1




---



##### 



Amended and Restated Program Agreement
 Amendment Agreements
 Ancillary Agreements
 Assumed Liabilities Schedule 1.01(b)
 Authorization
 Bankruptcy Exception
 Bills of Sale Section 2.04(a)(i)
 Business Day
 Capital Stock
 Closing
 A-2




---



##### 



day of the Closing Closing Date
 Closing Date Schedule Section 5.05
 Closing Portfolio Tape Section 5.19
 Code
 Contractual Obligation
 Credit Enhancement
 Damages Damages
 Derivatives Agreements
 A-3




---



##### 



Documentation
 Dollars $
 Draft Closing Statements Section
5.05(a)(iii)
 Encumbrance
 Environmental Law CERCLA et seq et seq et seq et seq et seq et seq et seq
 Equipment Service Obligations
 Exchange Act
 Exchange Act Rules
 Excluded Assets
 A-4




---



##### 



Section 5.03(b) Schedule 1.01(b) Schedule 1.01(e)
 Excluded Liabilities Schedule 1.01(b)
 A-5




---



##### 



Exemption Certificate
 Final Adjusted Closing Date Schedule Sections 5.05(a)(ii) 5.05(a)(iii) Section 5.05(a)(iv)
 Final Closing Statements Section
5.05(a)(iv)
 Financial Statements Commission
 Financing Contract provided however
 GAAP
 GECITS
 GE Operative Agreement
 A-6




---



##### 



Governmental Entity
 Hazardous Materials
 Historic Exception Contract Section
5.26
 Indemnification Event
 Indemnitee
 Indemnitor
 Information Letter
 Initial Payment
 Interim Purchase Price minus plus
 IRS
 Knowledge knowledge Schedule 1.01(a)
 Law
 Material Adverse Effect
 A-7




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##### 



Monetary Settlement Section 5.04(g)(vi)(B)
 Non-Assumable Claim
 Non-Assumable Claim Offer Section
5.04(g)(vi)(B)
 Obligor
 Old Facilities Management Contract
 Order
 Original Equipment Cost
 Permitted Encumbrance
 A-8




---



##### 



Person
 Portfolio Information Schedule 3.06(b)
 Portfolio Property
 Portfolio Tape
 Premium multiplied by minus minus minus plus
 Property
 Public Sector Financing Contract
 A-9




---



##### 



Purchase Price Section 2.02
 Purchased ABS Entities
 Purchased Assets Schedule 1.01(b) provided however
 Purchased Financing Contract
 Purchaser
 Purchaser Indemnified Parties Section
5.04(a)
 Purchasers Accountants
 Purchaser Special Representations Section
5.04(g)(i)
 Qualifying Offer
 Registration Statement
 Release
 A-10




---



##### 



Remedial Action
 Residual
 Risk Management Policy For Leasing Schedule 3.19(a)
 Securities Act
 Securities Act Rules
 Securitization Agreements
 Securitization Documents Schedule
3.21(a)
 Securitization Transaction
 Selected Accounting Firm Section 5.05 provided however
 A-11




---



##### 



Seller
 Seller Claims Section 5.06(b)
 Seller Indemnified Parties Section
5.04(e)
 Seller Liabilities Section 5.06(b)
 Seller Special Representations Section
5.04(b)(i)
 Sellers Accountants
 Sellers Insurance Policies Section
5.06(b)
 Servicing Agreements Side Letter
 Settlement Date Section 5.05(a)(iv)
 Settlement Interest
 Settlement Payment Section 2.04(b)(i)
 Settlement Rate
 Special Adjustments Section
5.05(a)(iv) Section 5.05(a)(i)
 A-12




---



##### 



Section 5.05(a)(i)
 Special Damages provided however Special Damages
 Specified Liabilities provided
 State and Local Governmental Entity
 Subsidiary
 Syndication Agreements
 A-13




---



##### 



Tax Taxes
 Tax Certification Section 5.04(b)(iv)
 Tax Differential Section 5.04(b)(iv)
 Tax Director Section 5.04(b)(iv)
 Tax-Exempt Public Sector Financing Contract
 Tax Return
 Third Party Action
 Third Party Beneficiary Section 8.13
 Transfer Taxes Section 5.14
 A-14




---



##### 



EXHIBIT B
 REPRESENTATIONS AND WARRANTIES
OF THE SELLER
 Organization and Good Standing
  Corporate Authority
 No Conflicts Schedule 3.03 Section
2.07
 B-1




---



##### 



Consents Schedule 3.04
 No Violations of Law
 Schedule 3.05(a) Schedule 3.05(a)
 Schedule 3.05(b)
 Section 3.05 Section 3.09
 Financial Statements; Reports
  B-2




---



##### 



Absence of Certain Changes
     B-3




---



##### 



Intentionally Omitted]
 Taxes Schedule 3.09
      B-4




---



##### 



Real Property
 [ Intentionally Omitted ]
 [ Intentionally Omitted ]
 Litigation and Liabilities Schedule
3.13 Schedule 3.13
 [ Intentionally Omitted ]
 Insurance Schedule 3.15
 Title to Purchased Assets Section 3.19
 Conduct of Business
 B-5




---



##### 



Purchased Financing Contracts
  Schedule 3.18(b)
  B-6




---



##### 



Schedule 3.18(d) Schedule 3.18(d)
  Schedule 3.18(f)
 Schedule 3.18(g) Schedule 5.27
 Portfolio Property
  B-7




---



##### 



Schedule 3.19(a)
   Schedule 3.19(d)
 [Intentionally Omitted]
 Securitizations
 Schedule 3.21(a) Schedule 3.21(a)
 B-8




---



##### 



Schedule 3.21(e) Section
2.04
 Schedule 3.21(f) Schedule 3.21(f) Schedule 3.21(f)
 Schedule 3.21(g)
 B-9




---



##### 



Schedule 3.21(h)
 Section
3.21(h)
 Schedule
3.21(j)
  Brokers or Finders Fees, etc
 B-10




---



##### 



EXHIBIT C
 REPRESENTATIONS AND WARRANTIES
OF
THE PURCHASER
 Organization and Good Standing
 Corporate Authority
 No Conflicts Section 2.07
 Consents
 C-1




---



##### 



Available Funds
 Brokers or Finders Fees, etc
 C-2




---



##### 



EXHBIT D
 FORM OF
BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT
 D-1




---



##### 



EXHIBIT E
 ACCOUNTING PRINCIPLES
 E-1




---



##### 



EXHIBIT F
 SECURITIZATION MATTERS
 Securitization Covenants:
 Reporting
 Requesting Parties Curative Filing
  Registration Statements/Securities Act/Exchange Act
  F-1




---



##### 



F-2




---



##### 



EXECUTION VERSION
 
 
  
 by and between
  a Delaware corporation,
 and
  an Ohio corporation,
 
 Dated as of April 1, 2006




---



##### 



TABLE OF CONTENTS
 PageARTICLE I Definitions
    
    
    1Section 1.01.
    
    Certain Defined Terms
    
    
    1Section 1.02.
    
    Interpretation and Rules of Construction
    
    
    1ARTICLE II Purchase and Sale
    
    
    1Section 2.01.
    
    Purchased Assets
    
    
    1Section 2.02.
    
    The Purchase Price
    
    
    2Section 2.03.
    
    The Closing
    
    
    2Section 2.04.
    
    Closing Deliveries and Payments
    
    
    2Section 2.05.
    
    Settlement Payments
    
    
    3Section 2.06.
    
    Post-Closing Amounts Received and Paid
    
    
    5Section 2.07.
    
    Consents; Administration Pending Consent
    
    
    5ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE SELLER
    
    
    8ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
    
    
    8ARTICLE V COVENANTS; INDEMNITIES
    
    
    8Section 5.01.
    
    [Intentionally Omitted]
    
    
    8Section 5.02.
    
    [Intentionally Omitted]
    
    
    8Section 5.03.
    
    Tax Matters
    
    
    8Section 5.04.
    
    Indemnifications, Assumptions of Liability and Related Matters
    
    
    10Section 5.05.
    
    Preparation of Closing Date Schedule and Final Adjusted Closing Date Schedule
    
    
    18Section 5.06.
    
    Insurance; Risk of Loss
    
    
    21Section 5.07.
    
    [Intentionally Omitted]
    
    
    21Section 5.08.
    
    Amendments to Securitization Documents
    
    
    21Section 5.09.
    
    [Intentionally Omitted]
    
    
    22Section 5.10.
    
    Further Assurances
    
    
    22Section 5.11.
    
    Payment of Brokers or Finders Fees
    
    
    22Section 5.12.
    
    Supplements to Schedules
    
    
    22
 i




---



##### 



TABLE OF CONTENTS
 PageSection 5.13.
    
    [Intentionally Omitted]
    
    
    22Section 5.14.
    
    Transfer Taxes
    
    
    22Section 5.15.
    
    [Records
    
    
    23Section 5.16.
    
    Bulk Transfer Laws
    
    
    24Section 5.17.
    
    Access to Facilities
    
    
    24Section 5.18.
    
    [Intentionally Omitted]
    
    
    24Section 5.19.
    
    Delivery of Closing Portfolio Tape
    
    
    24Section 5.20.
    
    Enforcement of Liens
    
    
    24Section 5.21.
    
    [Intentionally Omitted]
    
    
    24Section 5.22.
    
    [Intentionally Omitted]
    
    
    24Section 5.23.
    
    [Intentionally Omitted]
    
    
    24Section 5.24.
    
    Allocations
    
    
    24Section 5.25.
    
    [Intentionally Omitted]
    
    
    25Section 5.26.
    
    [Recourse Obligations
    
    
    25Section 5.27.
    
    Payment of Indemnified Items; Eligible Repayment Items.
    
    
    25Section 5.28.
    
    Securitization Matters
    
    
    26Section 5.29.
    
    Shared Collections
    
    
    26ARTICLE VI [INTENTIONALLY OMITTED]
    
    
    26ARTICLE VII [INTENTIONALLY OMITTED]
    
    
    26ARTICLE VIII GENERAL
    
    
    26Section 8.01.
    
    Amendments
    
    
    26Section 8.02.
    
    Integrated Contract
    
    
    26Section 8.03.
    
    Governing Law
    
    
    27Section 8.04.
    
    Notices
    
    
    27Section 8.05.
    
    No Assignment
    
    
    28Section 8.06.
    
    Headings
    
    
    28Section 8.07.
    
    Counterparts
    
    
    28Section 8.08.
    
    Announcements
    
    
    28
 ii




---



##### 



TABLE OF CONTENTS
 PageSection 8.09.
    
    Severability
    
    
    28Section 8.10.
    
    Binding Effect
    
    
    29Section 8.11.
    
    Waiver of Jury Trial
    
    
    29Section 8.12.
    
    Exclusive Jurisdiction
    
    
    29Section 8.13.
    
    No Third Party Beneficiary
    
    
    29Section 8.14.
    
    Expenses
    
    
    30
 iii




---



##### 



TABLE OF EXHIBITS
 Exhibit A
    
    Certain Defined TermsExhibit B
    
    Representations and Warranties of the SellerExhibit C
    
    Representations and Warranties of the PurchaserExhibit D
    
    Form of Bill of SaleExhibit E
    
    Accounting PrinciplesExhibit F
    
    Securitization Matters
 i




---



##### 



DISCLOSURE SCHEDULE
 Schedule 1.01(a)
    
    KnowledgeSchedule 1.01(b)
    
    Derivative AgreementSchedule 1.01(c)
    
    Prohibited AssigneesSchedule 1.01(d)
    
    Excluded AssetsSchedule 3.03
    
    No ConflictsSchedule 3.04
    
    ConsentsSchedule 3.05(a)
    
    No Violations of LawSchedule 3.05(b)
    
    No Violations of LawSchedule 3.06(b)
    
    Portfolio InformationSchedule 3.09
    
    TaxesSchedule 3.13
    
    Litigation and LiabilitiesSchedule 3.15
    
    InsuranceSchedule 3.18(b)
    
    Financing ContractsSchedule 3.18(d)
    
    Financing ContractsSchedule 3.18(f)
    
    Financing ContractsSchedule 3.18(g)
    
    Financing ContractsSchedule 3.19(a)
    
    Portfolio PropertySchedule 3.19(d)
    
    Portfolio PropertySchedule 3.21(a)
    
    SecuritizationsSchedule 3.21(f)
    
    SecuritizationsSchedule 3.21(g)
    
    SecuritizationsSchedule 3.21(h)
    
    SecuritizationsSchedule 3.21(j)
    
    SecuritizationsSchedule 5.08(a)
    
    Amendments to Securitization DocumentsSchedule 5.27
    
    NCRTs
 ii