STOCK PURCHASE AGREEMENTStock Purchase Agreement • August 19th, 2022 • Salona Global Medical Device Corp • Surgical & medical instruments & apparatus • Delaware
THIS STOCK PURCHASE AGREEMENT (this "Agreement") is made as of August 15, 2022 by and among SALONA GLOBAL MEDICAL DEVICE CORPORATION, a corporation incorporated under the laws of the Province of British Columbia ("Parent"), INSPIRA FINANCIAL COMPANY, a Washington corporation and a wholly owned subsidiary of Parent ("Inspira"), DAMAR ACQUISITION COMPANY, a Delaware corporation and wholly-owned subsidiary of Inspira ("Purchaser", and together with Parent and Inspira, the "Purchaser Parties"), DAMAR PLASTICS MANUFACTURING, INC., a California corporation (the "Company"), and WILLIAM P. DICKINSON AND ELIZABETH H. DICKINSON (collectively, "Seller", and together with the Company, the "Seller Parties"). The Purchaser Parties and the Seller Parties are sometimes each respectively referred to herein as a "Party" and sometimes collectively referred to herein as the "Parties". Capitalized terms used, but not otherwise defined, herein shall have the meanings set forth in Article 11.
