ASSET PURCHASE AGREEMENT by and among INDUSTRIAL ENTERPRISES OF AMERICA, INC., PITT PENN OIL CO., LLC, FORTCO PITTSBURGH, LLC, and FORTCO PLASTICS, INC. Dated May 12, 2006Asset Purchase Agreement • May 16th, 2006 • Industrial Enterprises of America, Inc. • Miscellaneous products of petroleum & coal • New York
This ASSET PURCHASE AGREEMENT (“Agreement”), dated May 12, 2006, is by and among FORTCO PITTSBURGH, LLC, a Missouri limited liability company (“Buyer”), FORTCO PLASTICS, INC., an Indiana corporation (“Fortco Plastics”), INDUSTRIAL ENTERPRISES OF AMERICA, INC., a Nevada corporation (“IEA”) and PITT PENN OIL CO., LLC, an Ohio limited liability company and a subsidiary of IEA (“Seller”).
