ASSET PURCHASE AGREEMENT by and among GLENBROOK BUILDING SUPPLY INC., BIG LAKE LUMBER INC., and RAY KLINDWORTH AND PAUL FRIDGEN Dated as of October 31, 2023Asset Purchase Agreement • November 2nd, 2023 • Star Equity Holdings, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of __, 2023, is entered into by and among Glenbrook Building Supply, Inc., a Delaware corporation (the “Buyer”), Big Lake Lumber Inc., a Minnesota corporation (the “Seller” or the “Company”), Ray Klindworth and Paul Fridgen and the shareholders of the Company (the “Shareholders”). Buyer, Seller and the Shareholders are referred to herein collectively as the “Parties” and individually as a “Party.” Defined terms not defined within the section the terms appear, are defined in Section 7.14.
