ASSET PURCHASE AGREEMENTAsset Purchase Agreement • July 16th, 2008 • Applied Industrial Technologies Inc • Wholesale-machinery, equipment & supplies • New York
This Agreement is made as of July 14, 2008, by and among Applied Industrial Technologies, Inc., an Ohio corporation (“AIT”), or its designated affiliate or affiliates (“Buyer”); and Fluid Power Resource, LLC, a Delaware limited liability company (“Parent”); Bay Advanced Technologies, LLC, a Delaware limited liability company (“Bay”); Carolina Fluid Components, LLC, a Delaware limited liability company (“Carolina”); DTS Fluid Power, LLC, a Delaware limited liability company (“DTS”); FluidTech, LLC, a Delaware limited liability company (“Fluidtech”); Hughes-HiTech, LLC, a Delaware limited liability company (“Hughes”); Hydro Air, LLC, a Delaware limited liability company (“Hydro Air”), H.E.B., LLC, a Delaware limited liability company (“HEB”); and Mach V, Inc., a Delaware corporation (“Mach V”). Each of Bay, Carolina, DTS, Fluidtech, Hughes, Hydro Air, HEB and Mach V are a “Subsidiary” and together are “Subsidiaries.” Each of Subsidiaries and Parent are a “Seller” and collectively “Seller
