ASSET PURCHASE AGREEMENTAsset Purchase Agreement • January 7th, 2020 • CRAWFORD UNITED Corp • Industrial instruments for measurement, display, and control • Ohio
THIS ASSET PURCHASE AGREEMENT (“Agreement”), dated January 1, 2020 (the “Closing Date”), is entered into by and among (i) Crawford United Acquisition Company, LLC, an Ohio limited liability company (“Buyer”); (ii) MPI Products Inc. (dba Marine Products International), an Ohio corporation (“Seller”); (iii) Dennis Koch, an individual residing in Ohio, Bradley D. Esarove, Co-Trustee of the Donald Esarove Family Trust dated October 2, 2002, and William M. Osborne III, Executor of the Estate of William M. Osborne, Jr. (each, an “Equityholder” and together, “Equityholders”); (iv) William M. Osborne III, Samuel S. Osborne, Silas W. Osborne and Margaret Anne Esarove (each, a “Beneficiary” and together, “Beneficiaries” and, with Seller and Equityholders, the “Seller Parties” and each a “Seller Party”), and (v) Dennis Koch, in his capacity as the Seller Parties’ representative pursuant to Section 9 (“Representative”). Certain capitalized terms used in this Agreement and not otherwise defined sha
