STOCK PURCHASE AGREEMENT dated as of August 21, 2006 by and among Directed Electronics, Inc. as the Purchaser, Polk Holding Corp., George M. Klopfer, as the Seller Representative and The Stockholders and Option Holder set forth on the Stockholder...Stock Purchase Agreement • August 22nd, 2006 • Directed Electronics, Inc. • Household audio & video equipment • Delaware
This STOCK PURCHASE AGREEMENT is dated as of August 21, 2006 (this “Agreement”) and is by and among Directed Electronics, Inc. a Florida corporation (the “Purchaser”); Polk Holding Corp., a Maryland corporation (the “Company”); the stockholders and option holder of the Company listed on the stockholder signature page attached hereto (each a “Seller” and collectively, the “Sellers”) and George M. Klopfer, as the Sellers’ representative (the “Seller Representative”). The Purchaser, the Company, the Sellers and the Seller Representative are sometimes collectively called, the “Parties.” Certain capitalized terms which are used herein are defined in Article VIII below.
