STOCK PURCHASE AGREEMENTStock Purchase Agreement • March 20th, 2003 • Graco Inc • Pumps & pumping equipment • Minnesota
THIS AGREEMENT made and entered into as of this 13th day of March, 2003, by and among GRACO INC., a Minnesota corporation (the “Company”), David A. Koch, a resident of the State of Minnesota (“David Koch”), Barbara G. Koch, a resident of the State of Minnesota (“Barbara Koch”), David A. Koch, Paul M. Torgerson and U.S. Bank Trust National Association SD, as Trustees of the Trust (the “Trust”) administered pursuant to Article V of the Last Will and Testament and Codicil thereto of Clarissa L. Gray deceased (the “Trustee”), and Greycoach Foundation, a Minnesota nonprofit corporation (the “Foundation” and, together with David Koch, Barbara Koch and the Trustee, collectively referred to herein as the “Sellers”; each of such persons is sometimes referred to herein as a “Seller”).
