ASSET PURCHASE AGREEMENTAsset Purchase Agreement • May 2nd, 2022 • CRAWFORD UNITED Corp • Industrial instruments for measurement, display, and control • Ohio
THIS ASSET PURCHASE AGREEMENT (“Agreement”), dated as of May 1, 2022, is entered into by and among (i) Knitting Machinery Company of America LLC, a Delaware limited liability company (together with its successors and assigns, “Purchaser”), (ii) KMC Corp. d/b/a Knitting Machinery Corp. (KMC Corp.), a Delaware corporation (“Seller”), (iii) Edward F. Crawford, Trustee of the Edward F. Crawford Second Restatement of Trust Dated March 2, 2001, the owner of 100% of Seller’s outstanding Capital Stock (“Equityholder,” and with Seller, the “Seller Parties” and each a “Seller Party”). Certain capitalized terms used in this Agreement and not otherwise defined shall have the meanings set forth in Section 8.1.
