STOCK PURCHASE AGREEMENTStock Purchase Agreement • August 9th, 2016 • CAI International, Inc. • Services-equipment rental & leasing, nec • Delaware
This STOCK PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of June 1, 2016, by and among CAI INTERNATIONAL, INC., a Delaware corporation (“Buyer”), GENERAL TRANSPORTATION SERVICES, INC., an Oregon corporation (“GT”), and HYBRID LOGISTICS, INC., a Nevada corporation (“HL”), ROBERT THOMPSON, an individual and resident of the State of Florida, EDWARD KROPP, an individual and resident of the State of Washington, and RICHARD FINK, an individual and resident of the State of Washington (Mr. Thompson, Mr. Kropp, and Mr. Fink being each hereinafter individually referred to as a “Seller” and collectively referred to as the “Sellers”), and with respect to Article IX only, ZIONS BANK, A DIVISION OF ZB, NATIONAL ASSOCIATION, as Escrow Agent (“Escrow Agent”). GT and HL are sometimes individually referred to as a “Company” and collectively referred to as the “Companies.” Buyer, the Companies, Sellers and Escrow Agent are sometimes referred to herein individually as a “Party” and col
