ASSET PURCHASE AGREEMENTAsset Purchase Agreement • September 26th, 2013 • STERLING CONSOLIDATED Corp • Gaskets, packg & sealg devices & rubber & plastics hose • New Jersey
THIS ASSET PURCHASE AGREEMENT dated as of September 16, 2013 by and between STERLING SEAL & SUPPLY, INC., a New Jersey corporation with an address at 1105 Green Grove Road, Neptune, New Jersey 07753 (“Buyer”), SUPERIOR SEALS & SERVICE, INC., a North Carolina corporation with an address at 1200-A Corporation Drive, High Point, North Carolina 27263 (“Seller”), Edward R. Tracy (“E. Tracy”), an individual residing at 313 Skeet Club Road, High Point, North Carolina 27265 and Sue D. Tracy, an individual residing at 313 Skeet Club Road, High Point, North Carolina 27265 (“S. Tracy” and collectively, with E. Tracy, the “Principal Shareholders”). Buyer, Seller and Principal Shareholders shall individually be referred to at times as a “Party” or together as the “Parties,” and this Asset Purchase Agreement shall hereinafter at times be referred to as this “Agreement.”
