0001354717-06-000011 Sample Contracts

ASSET PURCHASE AGREEMENT by and among INDUSTRIAL ENTERPRISES OF AMERICA, INC., PITT PENN OIL CO., LLC, FORTCO PITTSBURGH, LLC, and FORTCO PLASTICS, INC. Dated May 12, 2006
Asset Purchase Agreement • May 16th, 2006 • Industrial Enterprises of America, Inc. • Miscellaneous products of petroleum & coal • New York

This ASSET PURCHASE AGREEMENT (“Agreement”), dated May 12, 2006, is by and among FORTCO PITTSBURGH, LLC, a Missouri limited liability company (“Buyer”), FORTCO PLASTICS, INC., an Indiana corporation (“Fortco Plastics”), INDUSTRIAL ENTERPRISES OF AMERICA, INC., a Nevada corporation (“IEA”) and PITT PENN OIL CO., LLC, an Ohio limited liability company and a subsidiary of IEA (“Seller”).

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