STOCK PURCHASE AGREEMENT by and among TECHNOLOGY RESEARCH CORPORATION as the Buyer, and HOSEA PARTNERS, LTD.; ROGER M. BOATMAN, AS TRUSTEE OF THE ROGER M. BOATMAN TRUST MELVIN R. HALL AND ELSA G. HALL, AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP as...Stock Purchase Agreement • March 3rd, 2010 • Technology Research Corp • Switchgear & switchboard apparatus • Florida
THIS STOCK PURCHASE AGREEMENT (the “Agreement”) is entered into effective as of March 2, 2010 by and among Technology Research Corporation, a Florida corporation (the “Buyer”), and Hosea Partners, Ltd., a Florida limited partnership; Roger M. Boatman, as Trustee of the Roger M. Boatman Trust; and Melvin R. Hall and Elsa G. Hall, as Joint Tenants with Right of Survivorship (each a “Seller” and together the “Sellers”). Sellers intend to form a limited liability company that will hold and distribute the proceeds of the purchase transaction (“Newco”).
