ASSET PURCHASE AGREEMENTAsset Purchase Agreement • January 17th, 2019 • STERLING CONSOLIDATED Corp • Gaskets, packg & sealg devices & rubber & plastics hose • New Jersey
THIS ASSET PURCHASE AGREEMENT dated as of January 14, 2019 by and between STERLING SEAL & SUPPLY, INC., a New Jersey corporation with an address at 1105 Green Grove Road, Neptune, New Jersey 07753 (“Buyer”), F & S DISTRIBUTORS, INC., a New Jersey corporation with an address at 55 Progress Place Unit 2, Jackson, New Jersey 08527 (“Seller”), James F. King (“Jim King”), an individual residing at 135 Greenlawns Drive, Lakewood, NJ 08701 and Jonathan D. King, an individual residing at 2207 Wilson Road, Point Pleasant, NJ 08742 (“Jon King” and collectively, with Jim King, 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 be referred to as this “Agreement.”
