ASSET PURCHASE AGREEMENT by and among METROPOLITAN TRUCKING, INC., METROPOLITAN FREIGHT MANAGEMENT, INC., KIWI LEASING, LLC, HOYA LEASING, LLC, (collectively, the “Sellers”) and MET EXPRESS, INC., COSTAR EQUIPMENT, INC. (collectively, the “Buyer”) And...Asset Purchase Agreement • June 17th, 2022 • Pam Transportation Services Inc • Trucking (no local) • Delaware
This Asset Purchase Agreement (this “Agreement”) is executed and delivered as of June 14, 2022, by and among Met Express, Inc., an Ohio corporation, and Costar Equipment, Inc., an Ohio corporation (collectively the “Buyer”), and (i) Metropolitan Trucking, Inc., a New Jersey corporation (“MTRK”), (ii) Metropolitan Freight Management, Inc., a New Jersey corporation (“Freight”), (iii) Kiwi Leasing, LLC, a Pennsylvania limited liability company (“Kiwi”), and (iv) Hoya Leasing, LLC, a Pennsylvania limited liability company (“Hoya”) (i through iv, each a “Seller,” and collectively, the “Sellers”). Mangino Holding Corp., a New Jersey corporation (“Mangino”), is made a party for the limited purposes of (i) making the representations and warranties contained herein and (ii) agreeing to the covenants and the indemnification obligations set forth herein. Capitalized terms used herein have the meanings set forth in Article 7 below or elsewhere in this Agreement.
