ASSET PURCHASE AGREEMENT and STOCK PURCHASE AGREEMENT among SCHMITT INDUSTRIES, INC. TOSEI ENGINEERING CORP. and TOSEI AMERICA, INC. dated as of October 9, 2019Asset Purchase Agreement and Stock Purchase Agreement • October 11th, 2019 • Schmitt Industries Inc • Industrial instruments for measurement, display, and control • Delaware
This Asset Purchase Agreement and Stock Purchase Agreement (this “Agreement”), dated as of October 9, 2019, is entered into among SCHMITT INDUSTRIES, INC., an Oregon corporation (“Seller”) and TOSEI AMERICA, INC., an Ohio corporation (“U.S. Buyer”), and TOSEI ENGINEERING CORP., a company organized and existing under the laws of Japan (“UK Buyer” and together with the U.S. Buyer, the “Buyer” or “Buyers”).
