STOCK PURCHASE AGREEMENT By and Among Forward Air Corporation, TQI Holdings, Inc., andStock Purchase Agreement • March 4th, 2013 • Forward Air Corp • Arrangement of transportation of freight & cargo • Delaware
This STOCK PURCHASE AGREEMENT (the "Agreement") is made and entered into as of the 4th day of March, 2013, by and among (i) Forward Air Corporation, a Tennessee corporation ("Buyer"); (ii) TQI Holdings, Inc., a Delaware corporation (the "Company"); and (iii) HCI Equity Partners III, L.P. (f/k/a Thayer | Hidden Creek Partners II, L.P.), a Delaware limited partnership (“HCI”), HCI Co-Investors III, L.P. (f/k/a THC Co-Investors II, L.P.), a Delaware limited partnership (“Co-Investors”), Melon Patch Acquisition, LLC, a Connecticut limited liability company (“Melon Patch”), Fewless Investments, LLC, a Michigan limited liability company (“Fewless”), and Alexander J. Hollenbeck, a resident of Michigan (“Hollenbeck”) (HCI, Co-Investors, Melon Patch, Fewless and Hollenbeck are sometimes individually referred to herein as a "Seller" and collectively as the “Sellers”).
