ASSET PURCHASE AGREEMENTAsset Purchase Agreement • January 13th, 2022 • CRAWFORD UNITED Corp • Industrial instruments for measurement, display, and control • Delaware
THIS ASSET PURCHASE AGREEMENT (“Agreement”), dated January ___, 2022 (the “Closing Date”), is entered into by and among (i) Crawford SEP Acquisition Company, LLC, a Delaware limited liability company (“Buyer”), (ii) Separ of the Americas, LLC, a Florida limited liability company (“Seller”), (iii) John J. Napurano, Jr. and Jacqueline Napurano, Trustees of the John J. Napurano Living Trust Dated 4/6/04 and John J. Napurano, Jr. and Jacqueline Napurano, Trustees of the Jacqueline Napurano Living Trust Dated 4/6/04 (collectively, the “Equityholders” and each, an “Equityholder”), and John J. Napurano, Jr. and Jacqueline Napurano, the beneficiaries of the Equityholders (the “Equityholder Beneficiaries,” and together with the Equityholders and Seller, the “Seller Parties” and each a “Seller Party”). The parties desire that Seller sell to Buyer, and that Buyer purchase from Seller, substantially all of Seller’s assets, on the terms and subject to the conditions set forth in this Agreement. Equ
