ASSET ACQUISITION AGREEMENT BY AND AMONG MESA LABORATORIES, INC., AND BIOS INTERNATIONAL CORPORATION AND THE BIOS SHAREHOLDERS May 15, 2012Asset Acquisition Agreement • May 21st, 2012 • Mesa Laboratories Inc /Co • Industrial instruments for measurement, display, and control • Colorado
This ASSET ACQUISITION AGREEMENT (the “Agreement”) is dated as of May 15, 2012, by and among Mesa Laboratories, Inc., a Colorado corporation (“Mesa”) and Bios International Corporation, a New Jersey corporation (“Bios”). Harvey F. Padden (the “Majority Shareholder”), who holds the majority of the common stock of Bios, who shall be a party to this Agreement only with respect to the sale of the Majority Shareholder Patent (as hereinafter defined) and with respect to the indemnification obligations in Sections 5.4, 5.5 and 5.6, and the Bradley Padden 2006 Irrevocable Trust and the Adina Padden 2006 Irrevocable Trust, which each own a minority of the common stock of Bios, shall be a party to this Agreement only with respect to the indemnification obligations in Sections 5.4, 5.5, and 5.6. Mesa and Bios are referred to herein collectively as the “Parties” and each individually as a “Party.”
