0001144204-15-042625 Sample Contracts

TAKUMI SALE AGREEMENT
Sale Agreement • July 15th, 2015 • Hurco Companies Inc • Industrial instruments for measurement, display, and control • Minnesota

This TAKUMI SALE AGREEMENT (this “Agreement”), dated as of July 14, 2015, is entered into by and between HURCO COMPANIES, INC., an Indiana corporation (“Hurco”), HURCO MANUFACTURING LIMITED, a company limited by shares incorporated under the laws of the Republic of China (“HML”), and LIBERTY DIVERSIFIED INTERNATIONAL, INC., a Minnesota corporation (“LDI”). Hurco, HML, and LDI are collectively referred to in this Agreement as the “Parties.”

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ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • July 15th, 2015 • Hurco Companies Inc • Industrial instruments for measurement, display, and control

This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of July 14, 2015 (the “Execution Date”), is made by and among Takumi Machinery Co., Ltd. (“Seller”), a company limited by shares incorporated under the laws of the Republic of China (the "ROC"), Liberty Diversified International, Inc., a corporation existing under the laws of the State of Minnesota, United States of America (“Shareholder”), and Hurco Manufacturing Limited, a company limited by shares incorporated under the laws of the ROC (“Buyer”).

ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • July 15th, 2015 • Hurco Companies Inc • Industrial instruments for measurement, display, and control • Minnesota

This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of July 14, 2015 (the “Execution Date”), is made by and among Milltronics Manufacturing Company, Inc. d/b/a Milltronics CNC Machines, a Minnesota corporation (“Seller”), Liberty Diversified International, Inc., a Minnesota corporation (“Shareholder”), and Hurco USA, Inc., an Indiana corporation which intends to change its legal name to Milltronics USA, Inc. upon consummation of the sale and purchase transaction which is the subject of this Agreement (“Buyer”).

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