STOCK REDEMPTION AGREEMENT Among YUNHONG CTI LTD. and KINGMAN DISTRIBUTIONS, S.A. DE C.V. and FLEXO UNIVERSAL, S DE RL DE CV AND PABLO GORTAZAR dated as of July 30, 2021Stock Redemption Agreement • August 5th, 2021 • Yunhong CTI Ltd. • Fabricated rubber products, nec • Illinois
This Stock Redemption Agreement (this “Agreement”), dated as of July 30, 2021, is entered into among KINGMAN DISTRIBUTIONS, S.A. DE C.V., a Mexican commercial corporation (“Kingman”), YUNHONG CTI LTD., an Illinois corporation (“CTI”), FLEXO UNIVERSAL, S DE RL DE CV, a Mexican corporation (the “Company”) and PABLO GORTAZAR, an individual (“Gortazar”) for the purposes of the guaranty (as defined herein). CTI, Kingman, Gortazar and the Company are sometimes referred to herein individually as a “party,” and collectively as the “parties.”
