EQUITY PURCHASE AGREEMENT BY AND AMONG PARSEC Holdings, INC., BUDCO GROUP, INC. the sellers named herein, MELISSA BUDIG COLLINS, AS SELLERS’ REPRESENTATIVE, UT HOLDINGS LLC AND 1502061 B.C. Ltd. DATED AS OF September 30, 2024Equity Purchase Agreement • October 1st, 2024 • Universal Logistics Holdings, Inc. • Trucking (no local) • Delaware
THIS EQUITY PURCHASE AGREEMENT (this “Agreement”) dated as of September 30, 2024 (the “Effective Date”), by and among (i) Parsec Holdings, Inc., an Ohio corporation (“Parsec Holdings”), Budco Group, Inc., an Ohio corporation (“Budco” and together with Parsec Holdings, the “Holding Companies”), (ii) each of the Persons listed on the signature page hereof as “Sellers” (each, a “Seller” and collectively, the “Sellers”), (iii) Melissa Budig Collins, in her capacity as the Sellers’ Representative (the “Sellers’ Representative”), (iv) UT Holdings, LLC, a Michigan limited liability company (“US Purchaser”) and (v) 1502061 B.C. LTD, a British Columbia limited company (“Canadian Purchaser”, together with US Purchaser, the “Purchaser”). Throughout the remainder of this Agreement, Purchaser, each of the Holding Companies and each of the Sellers shall each be referred to, individually, as a “Party,” and, collectively, as the “Parties.”
