ASSET PURCHASE AGREEMENTAsset Purchase Agreement • December 21st, 2011 • GlyEco, Inc. • Industrial inorganic chemicals • Arizona
THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is executed as of December 16, 2011 (the “Effective Date”), by and among RECYCOOL, INC., a Minnesota corporation (“Seller”), MARTY ROSAUER, an individual (“M. Rosauer”), KURT ROSAUER, an individual (“K. Rosauer”), DENNIS SCOTT, an individual (“Scott” and collectively with M. Rosauer and K. Rosauer, the “Selling Principals”), and GlyEco Acquisition Corp #1, an Arizona corporation (“Buyer”) and wholly-owned subsidiary of GlyEco, Inc., a Nevada corporation (“GlyEco” or the “Parent Company”). For purposes of this Agreement, Seller, each of the Selling Principals, Buyer and Parent Company are sometimes individually referred to as a “Party” and collectively, as the “Parties.” All capitalized terms, if not otherwise defined in the body of this Agreement, will have the meaning assigned to such terms in Schedule 1-A attached hereto.
