ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 17th, 2020 • Forward Industries, Inc. • Plastics products, nec • New York
This Asset Purchase Agreement (this “Agreement”) dated effective as of August 17, 2020 is among Forward Industries, Inc., a New York corporation (“Forward”), solely for purposes of Sections 1.7, 1.8(e), Article IV, Sections 5.1, 5.2, 5.3, 5.6(d), 5.11, 5.13, Article VI, Article VII, Article VIII and Article IX, Kablooe, Inc., a New York corporation (“Newco”), Kablooe Design, Inc., a Minnesota corporation (the “Company”), and the Company’s sole shareholder, Tom KraMer (the “Owner”). Forward, Newco, the Company and the Owner may be referred to herein each as a “Party” and collectively as the “Parties”. Capitalized terms used herein, and not otherwise defined in this Agreement, are defined in Article VIII.
