ContractStock Purchase Agreement • July 22nd, 2024 • Smith Denver Johnson • Wholesale-groceries, general line • Delaware
STOCK PURCHASE AGREEMENT This STOCK PURCHASE AGREEMENT, dated July 16, 2024, is made by and between SV Asset Management, LLC (the "Seller"), and CRC Founders Fund, LP (the "Buyer"). The Buyer and the Seller are sometimes hereinafter collectively referred to as the "Parties". WHEREAS, Seller is the legal and beneficial owner of an aggregate 4,397,831 shares (the "Shares") of common stock, par value $0.001 per share (the "Common Stock"), of Innovative Food Holdings, Inc. (the "Company"); WHEREAS, Buyer or one of Buyer's Affiliates (as defined below) is a member of the Company's board of directors (a "Director"); WHEREAS, Seller or one of Seller's Affiliates is a Director of the Company (an "Officer"); WHEREAS, the Company is subject to the reporting requirements of Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); and WHEREAS, for good and valuable consideration, Seller desires to transfer and sell to Buyer all right, title and interest in 350,000 of the
