SEC Contract Filing

Filing Date: 2017-12-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
<DESCRIPTION>ASSET PURCHASE AGREEMENT, DATED DECEMBER 14, 2017
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<title>Exhibit 10.1</title>
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Exhibit 10.1</font></div>
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ASSET PURCHASE AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
<font style="font-weight: bold">ASSET PURCHASE AGREEMENT</font>
(this &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;), dated
December 14, 2017, is made by and between QuantRx Biomedical
Corporation, a Nevada corporation (&#x201C;<font style="text-decoration: underline">Seller</font>&#x201D;), and Preprogen
LLC, a Delaware limited liability company (&#x201C;<font style="text-decoration: underline">Buyer</font>&#x201D;). Buyer and Seller
are collectively referred to herein as the &#x201C;<font style="text-decoration: underline">Parties</font>&#x201D; and each
individually as a &#x201C;<font style="text-decoration: underline">Party</font>&#x201D;.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS</font>, the Parties desire that, at the
Closing (defined below) and subject to the terms and conditions set
forth in this Agreement, Seller shall sell, assign, transfer and
deliver to Buyer, and Buyer shall purchase and accept from Seller,
all of the Purchased Assets (defined below).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">NOW,</font> <font style="font-weight: bold">THEREFORE,</font> in consideration of the
foregoing and the representations, warranties, covenants and
agreements herein contained, the Parties hereto agree as
follows:</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">SECTION
1.</font></div>
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DEFINITIONS AND TERMS</font>.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1.1</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Specific Definitions</font>. As used
in this Agreement, the following terms have the following
meanings:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Affiliate</font>&#x201D; means, with
respect to any Person, any Person directly or indirectly
controlling, controlled by or under common control with, such
Person. For purposes of this definition, &#x201C;control&#x201D;
(including, with correlative meaning, the terms
&#x201C;controlling&#x201D;, &#x201C;controlled by&#x201D; and
&#x201C;under common control with&#x201D;) means the possession,
directly or indirectly, of the power to direct or cause the
direction of the management and policies of such Person through the
ownership of such Person&#x2019;s voting securities, by contract or
otherwise.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="text-decoration: underline">Allocation</font>&#x201D; has the
meaning set forth in <font style="text-decoration: underline">Section 3.4</font>.</font></div>
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