Document:

Form of Non-Employee Director Stock Unit Award Certificate

 Exhibit 10.1 
 [Semtech logo] 
 FORM OF 
 LONG-TERM STOCK INCENTIVE PLAN 
 NON-EMPLOYEE DIRECTOR STOCK UNIT AWARD CERTIFICATE 

THIS AWARD is made this [Date] (the “Award Date”) by Semtech Corporation, a Delaware corporation (the “Company”), to [Name] (the
“Director”). 
 R E C I T A L S 
 A. The Company has established the Company’s Long-Term Stock Incentive Plan (the Plan”) in order to provide employees and directors of the Company with an opportunity to acquire shares of the Company’s
common stock, par value $0.01 per share (the “Common Stock”). 
 B. The Plan Administrator has determined that it would be in the
best interests of the Company and its stockholders to grant the stock unit award (the “Award”) described in this Award Certificate to the Director as compensation, as an inducement to remain in the service of the Company, and as an
incentive for increasing efforts during such service. 
 NOW, THEREFORE, this Award is made on the following terms and conditions:

 1. Definitions and Incorporation. The terms used in this Award Certificate shall have the meanings given to such terms in the Plan.
The Plan is hereby incorporated in and made a part of this Award Certificate as if fully set forth herein. 
 2. Award of Stock Units.
Pursuant to the Plan, the Company hereby awards to the Director as of the date hereof an Award with respect to [            ] stock units (subject to adjustment in accordance with
Section 3(d) of the Plan) (the “Stock Units”), which Stock Units are restricted and subject to forfeiture on the terms and conditions hereinafter set forth. As used herein, the term “stock unit” shall mean a non-voting unit
of measurement which is deemed solely for purposes of calculating the amount of payment under the Plan and this Award Certificate to be equivalent to one outstanding share of the Company’s common stock, par value $0.01 per share (the
“Common Stock”) (subject to adjustment in accordance with Section 3(d) of the Plan). The Stock Units shall be used solely as a device for the determination of the payment to eventually be paid to the Director if such Stock Units vest
pursuant to Sections 4, 6 or 7 hereof. The Stock Units shall not be treated as property or as a trust fund of any kind. 
 3. Rights as a
Shareholder/Dividends and Voting. 
 (a) Limitations on Rights Associated with Units. The Director shall have no rights as a
shareholder of the Company, no dividend rights (except as expressly provided in Section 3(b) below with respect to dividend equivalent rights) and no voting rights, with respect to the Stock Units and any shares of Common Stock underlying such
Stock Units. 
 (b) Dividend Equivalent Rights Distributions. In the event that the Company pays an ordinary cash dividend on its
Common Stock and the related dividend payment record 

 
date occurs at any time after the Award Date and before all of the Stock Units subject to the Award have either been paid pursuant to Section 5 or
terminated pursuant to Section 6, the Company shall credit the Director as of such record date with an additional number of Stock Units equal to (i) the per-share cash dividend paid by the Company on its Common Stock with respect to such
record date, multiplied by (ii) the total number of outstanding and unpaid Stock Units (including any dividend equivalents previously credited hereunder) (with such total number adjusted pursuant to Section 3(d) of the Plan and/or
Section 12 hereof) subject to the Award as of such record date, divided by (iii) the fair market value of a share of Common Stock (as determined under the Plan) on such record date. Any Stock Units credited pursuant to the foregoing
provisions of this Section 3(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Stock Units to which they relate. No crediting of Stock Units shall be made pursuant to this
Section 3(b) with respect to any Stock Units which, as of such record date, have either been paid pursuant to Section 5 or terminated pursuant to Section 6. 
 4. Vesting. Subject to Sections 6 and 7 below, the Award shall vest and become nonforfeitable with respect to one hundred percent (100%) of
the total number of Stock Units (subject to adjustment under Section 3(d) of the Plan) on the first anniversary of the Award Date (the “Vesting Date”). 
 5. Timing and Manner of Payment of Stock Units. Subject to Sections 6, 7 and 8 below, upon
or as soon as practicable after the Director’s Separation Date (as defined below), but in all events by the 15th day of the third calendar month following the calendar month in which the Director’s Separation Date occurs, the Company shall make a cash payment to the Director with respect to the number of Stock Units subject to the Award
that had vested (including any Stock Units that become vested in the circumstances pursuant to Sections 6 or 7) as of the Director’s Separation Date; provided, however, that in no event shall any payment be made to the Director hereunder until
the Director has experienced a “separation from service” within the meaning of Section 409A of the Code (and the published guidance and regulations promulgated thereunder). For purposes hereof, the Director’s “Separation
Date” shall be the last date that the Director (1) is employed by and/or (2) renders services to the Company or any of its subsidiaries. The amount of the cash payment described in the first sentence of this Section 5 shall equal
(i) the per-share closing price of a share of Common Stock on the Director’s Separation Date, multiplied by (ii) the total number of such vested Stock Units. The Company’s obligation to make payment with respect to vested Stock
Units is subject to the condition precedent that the Director or other person entitled under the Plan to receive payment with respect to the vested Stock Units deliver to the Company any representations or other documents or assurances required
pursuant to Section 5(b) of the Plan. 
 6. Effect of Termination of Service. 
 (a) Death or Disability. Notwithstanding anything to the contrary herein or in the Plan, in the event that the Director’s Separation Date
occurs prior to the Vesting Date as a result of the death or Disability (as defined below) of the Director, the Director’s outstanding Stock Units (to the extent not then otherwise vested) shall be fully vested on the Director’s Separation
Date. For purposes of this Award Certificate, “Disability” means a “total and permanent disability” within the meaning of Section 22(e)(3) of the Code or as otherwise determined by the Plan Administrator. 

 (b) Other Terminations of Service. Notwithstanding anything to the contrary herein or in the Plan,
in the event that the Director’s Separation Date occurs prior to the Vesting Date as a result of any circumstances other than the Director’s death or Disability, then a number of Stock Units subject to the Award (to the extent not then
otherwise vested) shall become vested on the Separation Date equal to (i) the total number of Stock Units subject to the Award, multiplied by (ii) a fraction (not greater than one), the numerator of which is the number of whole weeks
between the Director’s Separation Date and the Award Date, and the denominator of which is fifty two (52). Any Units subject to the Award that are not vested on the Director’s Separation Date (after giving offset to any accelerated vesting
required by this Section 6) shall terminate on such Separation Date, regardless of the reason for such Separation Date. 
 (c)
Termination of Units. If any unvested Stock Units are terminated hereunder, such Stock Units shall automatically terminate and be cancelled as of the applicable Separation Date without payment of any consideration by the Company and without
any other action by the Director, or the Director’s beneficiary or personal representative, as the case may be. 
 7. Effect of
Change in Control. Notwithstanding any other provision to the contrary contained herein, subject to the provisions of Section 3(d) of the Plan, in the event of a Change in Control (as defined below), any outstanding Stock Units shall
automatically become fully vested as of the date of the Change in Control without any further action on the part of the Board, the stockholders or the Plan Administrator. For purposes hereof, a “Change in Control” shall mean (i) a
merger or consolidation in which the stockholders of the Company immediately prior to such merger or consolidation do not hold, immediately after such merger or consolidation, more than 50% of the combined voting power of the surviving or acquiring
entity (or parent corporation thereof), or (ii) the sale of substantially all of the assets of the Company or assets representing over 50% of the operating revenues of the Company, or (iii) any person shall become the beneficial owner of
over 50% of the Company’s outstanding Common Stock or the combined voting power of the Company’s then outstanding voting securities entitled to vote generally, or become a controlling person as defined in Rule 405 promulgated under the
Securities Act. 
 8. Section 409A. Notwithstanding anything to the contrary herein or in the Plan, if the Director is a
“specified employee” within the meaning of Section 409A, and, as a result of that status, any portion of the payments hereunder would otherwise be subject to taxation pursuant to Section 409A of the Code, the Director shall not
be entitled to any payments upon a separation from service until the earlier of (i) the date which is six (6) months after his or her separation from service for any reason other than death, or (ii) the date of the Director’s
death; provided that the first such payment thereafter shall include all amounts that would have been paid earlier but for such six (6) month delay. 
 9. Non-transferability of Award. This Award is personal and, prior to the time they have become vested pursuant to Sections 4, 6 or 7 hereof, neither the Stock Units nor any rights hereunder may be transferred,
assigned, pledged or hypothecated by the Director in any way (whether by operation of law or otherwise), other than by will or the laws of descent and distribution (or a transfer not for value to a family trust established by the Director for the
benefit of his or her family members, provided that the Director is a trustee of such trust and such trust remains revocable by the Director for his or her life), nor shall any such rights be subject to 

 
execution, attachment or similar process. Except as otherwise provided herein, any attempted alienation, assignment, pledge, hypothecation, attachment,
execution or similar process, whether voluntary or involuntary, with respect to all or any part of the Director’s unvested rights under this Award, shall be null and void. 
 10. No Right to Continued Service. The vesting schedule requires continued service through each applicable vesting date as a condition to the
vesting of the applicable installment of the Award and the rights and benefits under the Award. Nothing contained in the Plan or the Award constitutes a continued service commitment by the Company, confers upon the Director any right to remain in
service to the Company, interferes with the right of the Company at any time to terminate such service, or affects the right of the Company to increase or decrease the Director’s other compensation. 
 11. Tax Consequences. 
 (a) Tax
Consultation. The Director may suffer adverse tax consequences as a result of his or her acceptance of the Award. The Director is and will be solely responsible for the satisfaction of any taxes that may arise (including taxes arising under
Section 409A of the Code); the Company shall not have any obligation whatsoever to pay such taxes. By accepting this Award, the Director acknowledges that he or she is not relying on the Company for any tax advice and will consult with his or
her own individual tax advisors to the extent he or she deems advisable. 
 (b) Withholding. Upon or in connection with the
distribution of cash in respect of the Stock Units, the Company shall deduct from such distribution the amount of any taxes which the Company may be required to withhold with respect to such distribution. The Director agrees to take any further
actions and execute any additional documents as may be necessary to effectuate the provisions of this Section 11. 
 12. Adjustments
Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 3(d) of the Plan, the Plan Administrator shall make adjustments in accordance with such section in the number of Stock
Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which dividend equivalents are credited pursuant to
Section 3(b). 
 13. Severability. In the event that any provision or portion of this Award Certificate shall be determined to be
invalid or unenforceable for any reason, in whole or in part, in any jurisdiction, the remaining provisions of this Award Certificate shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law in
such jurisdiction, and such invalidity or unenforceability shall have no effect in any other jurisdiction. 
 14. Binding Effect. This
Award Certificate shall extend to, be binding upon and inure to the benefit of the Director and the Director’s legal representatives, heirs, successors and assigns (subject, however, to the limitations set forth in Section 9 with respect
to the transfer of this Award Certificate or any rights hereunder or of the Stock Units), and upon the Company and its successors and assigns, regardless of any change in the business structure of the Company, be it through spinoff, merger, sale of
stock, sale of assets or any other transaction. 

 15. Notices. Any notice to the Company contemplated by this Award Certificate shall be addressed
to it in care of its Chief Executive Officer; and any notice to the Director shall be addressed to him or her at the address on file with the Company on the date hereof or at such other address as he or she may hereafter designate in writing.

 16. Entire Agreement. This Award Certificate, together with the Plan, constitutes the entire understanding between the Company and
the Director with regard to the subject matter of this Award Certificate. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter of this
Award Certificate. 
 17. Waiver. The waiver of any breach of any duty, term or condition of this Award Certificate shall not be
deemed to constitute a waiver of any preceding or succeeding breach of the same or of any other duty, term or condition of this Award Certificate. 
 18. Interpretation. The interpretation, construction, performance and enforcement of the terms and conditions of this Award Certificate and the Plan shall lie within the sole discretion of the Plan Administrator, and the Plan
Administrator’s determinations shall be conclusive and binding on all interested persons. 
 19. Choice of Law; Arbitration. This
Award Certificate shall be governed by, and construed in accordance with, the laws of the State of California (disregarding any choice-of-law provisions). Any dispute or disagreement regarding the Director’s rights under this Award Certificate
shall be settled solely by binding arbitration in accordance with applicable rules of the American Arbitration Association. 
 20.
Construction. It is intended that the terms of the Award will not result in the imposition of any tax liability pursuant to Section 409A of the Code. This Award Certificate shall be construed and interpreted consistent with that intent.

  

			
	 SEMTECH CORPORATION,
 a Delaware
corporation

		
	By:	 	  

		 	[an authorized officer]Asset Purchase Agreement

 Exhibit 10.1 
  

 ASSET PURCHASE AGREEMENT 
 BY AND AMONG 
 MCC-QUICK PAK, LLC, 
 MULTI-COLOR CORPORATION, 
 NFI-QUICK
PAK, LLC 
 AND 
 NFI INTERACTIVE LOGISTICS, LLC 
  

 June 15, 2007 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
			
	 1.
	  	Definition of Certain Terms	  	7
			
	 2.
	  	Purchase and Sale of Assets	  	7
			
		  	 2.1    Purchase and Sale
	  	7
			
		  	 2.2    Excluded Assets
	  	9
			
		  	 2.3    Assumed Liabilities
	  	9
			
		  	 2.4    Retained Liabilities
	  	10
			
		  	 2.5    Purchase Price
	  	10
			
		  	 2.6    Allocation of Purchase Price
	  	10
			
	 3.
	  	Closing	  	10
			
	 4.
	  	Representations and Warranties of Seller	  	11
			
		  	 4.1    Organizational Status
	  	11
			
		  	 4.2    Financial Statements
	  	11
			
		  	 4.3    Absence of Undisclosed Liabilities
	  	11
			
		  	 4.4    Absence of Certain Events
	  	12
			
		  	 4.5    Accounts Receivable
	  	14
			
		  	 4.6    Assets Necessary To Business
	  	14
			
		  	 4.7    Authority; Consents; Enforcement: Noncontravention
	  	14
			
		  	 4.8    Books and Records
	  	15
			
		  	 4.9    Compliance With Legal Requirements; Governmental Authorizations
	  	15
			
		  	 4.10  Computer Systems; Software
	  	16
			
		  	 4.11  Condition and Sufficiency of Assets
	  	17
			
		  	 4.12  Contracts
	  	17
			
		  	 4.13  Customers of Seller; Conditions Affecting Seller
	  	17
			
		  	 4.14  Benefit Plans
	  	17
			
		  	 4.15  Employees and Compensation
	  	18
			
		  	 4.16  Environmental Matters
	  	19
			
		  	 4.17  Reserved
	  	20
			
		  	 4.18  Intellectual Property
	  	20
			
		  	 4.19  Inventory
	  	21
			
		  	 4.20  Labor Relations; Compliance
	  	21

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
		  	 4.21  Litigation; Orders
	  	21
			
		  	 4.22  No Agent or Broker
	  	22
			
		  	 4.23  Notices of Violation
	  	22
			
		  	 4.24  Personal Property
	  	22
			
		  	 4.25  Products
	  	22
			
		  	 4.26  Real Property
	  	22
			
		  	 4.27  Status of Contracts
	  	23
			
		  	 4.28  Subsidiaries and Investments
	  	23
			
		  	 4.29  Taxes; Tax Returns; Tax Elections
	  	23
			
		  	 4.30  Title to Properties
	  	24
			
		  	 4.31  Completeness of Statement; Effect of Representations and Warranties
	  	24
			
	 5.
	  	Representations and Warranties of Buyer and Guarantor	  	24
			
		  	 5.1   Buyer’s Registered Status
	  	24
			
		  	 5.2   Buyer Authority; Consents; Enforcement; Noncontravention; Noncompetes
	  	25
			
		  	 5.3   Guarantor’s Registered Status
	  	25
			
		  	 5.4   Guarantor Authority; Consents; Enforcement; Noncontravention
	  	25
			
		  	 5.5   No Agent or Broker
	  	26
			
		  	 5.6   Completeness of Statements; Effect of Representations and Warranties
	  	26
			
	 6.
	  	Covenants of the Parties	  	27
			
		  	 6.1   Transition of the Business
	  	27
			
		  	 6.2   Employment of Seller’s Employees
	  	27
			
		  	 6.3   Further Assurances
	  	27
			
		  	 6.4   Proration of Expenses and Other Charges of the Business
	  	27
			
		  	 6.5   Filing of Taxes; Payment
	  	27
			
		  	 6.6   Use of Names
	  	28
			
		  	 6.7   Guaranty
	  	28
			
		  	 6.8   Conduct of Business
	  	28
			
		  	 6.9   No Solicitation or Negotiation
	  	28
			
		  	 6.10  Non-Competition; Non-Solicitation
	  	29

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 7.
	  	Conditions Precedent to Buyer’s Obligation to Close	  	29
			
		  	 7.1   Accuracy of Representations
	  	29
			
		  	 7.2  Sellerand Parent’s Performance
	  	30
			
		  	 7.3   Consents
	  	30
			
		  	 7.4   Other Documents
	  	30
			
		  	 7.5   No Proceedings
	  	30
			
		  	 7.6   No Prohibition
	  	30
			
		  	 7.7   Due Diligence
	  	30
			
	 8.
	  	Conditions Precedent to Seller’s Obligation to Close	  	30
			
		  	 8.1   Accuracy of Representations
	  	30
			
		  	 8.2   Buyer’s Performance
	  	30
			
		  	 8.3   Consents
	  	31
			
		  	 8.4   Other Documents
	  	31
			
		  	 8.5   No Proceedings
	  	31
			
		  	 8.6   Assumption of Leases and Assumed Liabilities and Release
	  	31
			
	 9.
	  	Termination	  	31
			
		  	 9.1   Termination Events
	  	31
			
		  	 9.2   Effect of Termination
	  	32
			
	 10.
	  	Deliveries and Actions to be taken at Closing	  	32
			
		  	 10.1 Deliveries by Seller and Parent
	  	32
			
		  	 10.2 Deliveries by Buyer
	  	33
			
		  	 10.3 Leases
	  	34
			
		  	 10.4 Assumption Agreement
	  	34
			
		  	 10.5 Marketing Agreement
	  	34
			
		  	 10.6 Escrow Agreement
	  	34
			
		  	 10.7 Transition Services Agreement
	  	34
			
	 11.
	  	Indemnification; Remedies	  	34
			
		  	 11.1 Survival; Right to Indemnification
	  	34
			
		  	 11.2 Indemnification and Payment of Damages By Seller and Parent
	  	34
			
		  	 11.3 Indemnification By Buyer and Guarantor
	  	35

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
		  	 11.4  Indemnity Claims
	  	35
			
		  	 11.5  Limitations on Indemnification
	  	37
			
		  	 11.6  Insurance Proceeds
	  	38
			
		  	 11.7  Tax Benefits
	  	38
			
		  	 11.8  Payment from Escrow Account
	  	38
			
		  	 11.9  Sole and Exclusive Remedy
	  	38
			
		  	 11.10  PaymentsDeemed Purchase Price Adjustments; No Punitive Damages
	  	39
			
	 12.
	  	Miscellaneous Provisions	  	39
			
		  	 12.1  Arbitration
	  	39
			
		  	 12.2  Amendment; Waiver
	  	39
			
		  	 12.3  Limited Assignment; Binding Effect
	  	40
			
		  	 12.4  Confidentiality of Certain Information
	  	40
			
		  	 12.5  Confidentiality of Agreement
	  	40
			
		  	 12.6  Construction and Interpretation of Agreement
	  	41
			
		  	 12.7  Counterparts
	  	41
			
		  	 12.8  Entire Agreement
	  	41
			
		  	 12.9  Exclusive Forum
	  	41
			
		  	 12.10  Exhibitsand Schedules
	  	42
			
		  	 12.11  Expenses
	  	42
			
		  	 12.12  FurtherAssurances
	  	42
			
		  	 12.13  GoverningLaw
	  	42
			
		  	 12.14  IndependentContractor Relationship
	  	42
			
		  	 12.15  NoPublic Announcement
	  	42
			
		  	 12.16  NoThird Party Beneficiaries
	  	43
			
		  	 12.17  Notices
	  	43
			
		  	 12.18  Recoveryof Expenses by Prevailing Party
	  	44
			
		  	 12.19  Severabilityof Provisions
	  	44
			
		  	 12.20  Timeof Essence
	  	44

  

 -iv- 

 EXHIBITS 
  

			
	 Description
	  	Exhibit
	 Excluded Assets
	  	A
	 Assumption Agreement
	  	B
	 Escrow Agreement
	  	C
	 Purchase Price Allocation
	  	D
	 Marketing Agreement
	  	E
	 Seller’s Authority Certificate
	  	F
	 Seller’s Compliance Certificate
	  	G
	 Bill of Sale and Assignment Agreement
	  	H
	 Opinion of Counsel
	  	I
	 Buyer’s Authority Certificate
	  	J
	 Buyer’s Compliance Certificate
	  	K
	 Assignment and Assumption of Leases
	  	L-1 and L-2
	 Transition Services Agreement
	  	M

  

 -v- 

 SCHEDULES 
  

			
	 Description
	  	Schedule
	 Claims
	  	2.1(f)
	 Assumed Contracts
	  	2.1(g)
	 Prepaid Expenses
	  	2.1(m)
	 Purchase Order Liabilities
	  	2.3(b)
	 Bids
	  	2.3(c)
	 Organizational Status and Ownership
	  	4.1
	 Absence of Undisclosed Liabilities
	  	4.3
	 Absence of Certain Events
	  	4.4
	 Accounts Receivable
	  	4.5
	 Seller’s Consents
	  	4.7(b)
	 Governmental Authorizations
	  	4.9(b)
	 Operation of Computers
	  	4.10(d)
	 Customers of Seller
	  	4.13
	 Employees and Compensation
	  	4.15
	 Other Intellectual Property
	  	4.18(a)(1)
	 Inventory
	  	4.19
	 Labor Relations
	  	4.20
	 Litigation
	  	4.21
	 Personal Property
	  	4.24
	 Leased Real Property
	  	4.26(b)
	 Title to Properties
	  	4.30
	 Buyer’s Authority
	  	5.2(a)
	 Buyer’s Consents
	  	5.2(b)

  

 -vi- 

 ASSET PURCHASE AGREEMENT 
 THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is entered
into and effective as of June 15, 2007, by and among (i) MCC-QUICK PAK, LLC (“Seller”), an Ohio limited liability company, (ii) MULTI-COLOR
CORPORATION (“Parent”), an Ohio corporation, (iii) NFI-QUICK PAK, LLC (“Buyer”), an Ohio limited liability company, and (iv) NFI
INTERACTIVE LOGISTICS, LLC (“Guarantor”), a New Jersey limited liability company. In this Agreement, Seller, Parent, Buyer and Guarantor may be referred to collectively as the “Parties” and,
individually, as a “Party.” 
 RECITALS: 
 A. Seller is a wholly–owned subsidiary of Parent. 
 B. Seller is engaged in the contract
packaging business (the “Business”) with its principal office located in Cincinnati, Ohio. 
 C. Buyer desires to purchase
from Seller, and Seller desires to sell to Buyer, all of the assets and properties owned and used by Seller in the operation of the Business, for the consideration and upon the other terms and conditions set forth in this Agreement. 
 AGREEMENT: 
 NOW,
THEREFORE, the Parties hereby agree as follows: 
 1. DEFINITION OF
CERTAIN TERMS. In addition to the terms defined in this Agreement, certain other terms used in this Agreement are defined in the Appendix of Defined Terms, and, when used herein, shall
have the meaning set forth in the Appendix. 
 2. PURCHASE AND SALE OF
ASSETS. 
 2.1 Purchase and Sale. Upon the terms and subject to the conditions of this
Agreement, at the Closing on the Closing Date, Seller, and Parent with respect to Parent’s interest in the Facility Leases, shall sell, transfer, convey, assign and deliver to Buyer, and Buyer shall purchase and acquire from Seller, and Parent,
as the case may be, free and clear of all Encumbrances (except Permitted Encumbrances), all of Seller’s and Parent’s, as the case may be, right, title and interest in and to Seller’s property and assets, real, personal or mixed,
tangible and intangible, of every kind and description, wherever located, belonging to Seller as of the Closing Date or which are used by Seller in the operation of the Business, as a going concern, other than the Excluded Assets, including the
following (the “Acquisition Assets”): 
 (a) Acquisition Balance Sheet Assets. All of the assets
and properties reflected on the Acquisition Balance Sheet, except those disposed of in the Ordinary Course of Business and those excluded under Section 2.2, and including those acquired in the Ordinary Course of Business, since the date
thereof. 
 (b) Real Property. All leasehold and other interests in and to all real property, including
the leasehold interests identified on Schedule 4.26(b), together with all improvements, 

  

 -7- 

 
buildings and fixtures located thereon or therein and all construction in progress (“Real Property”). 
 (c) Personal Property. All machinery, equipment, fixtures, computer hardware and software (subject to any
restrictions by the licensor on the assignment thereof) tools, supplies, spare parts, furniture, vehicles and all other tangible personal property and assets owned or leased by Seller, including, without limitation those identified on Schedule
4.24 (“Personal Property”). 
 (d) Inventories. All inventories of raw materials,
work-in-process and finished goods of Seller, wherever located, including inventories located in or about Seller’s facilities, in transit to Seller’s facilities or in transit to any customer of Seller, provided that title has not passed to
such customer of Seller (“Inventories”). 
 (e) Accounts Receivable. All accounts receivable,
notes receivable, premiums receivable, commissions receivable and other rights to receive payments from customers of Seller or from others, including all trade accounts receivable representing amounts payable to Seller in respect of goods shipped,
products sold or services rendered, to customers or clients of Seller on or prior to the Closing Date, and the full benefit of all security for such accounts, and all claims, remedies and other rights related to any thereof, including those
identified on Schedule 4.5 (“Receivables”). 
 (f) Claims. All claims of Seller against
third parties relating to the Business or the Acquisition Assets, whether choate or inchoate, known or unknown, contingent or otherwise, including without limitation, all such claims listed on Schedule 2.1(f); 
 (g) Contracts. All the interest (including all rights, benefits, duties and obligations) that Seller possesses and
has the right to transfer in all written or oral contracts, agreements, indentures, warranties, notes, bonds, loans, instruments, leases, conditional sales contracts, mortgages, licenses, franchises, commitments or other arrangements or agreements
and understandings, including, without limitation, those identified on Schedule 2.1(g), and all outstanding offers or solicitations to enter into any of the foregoing (“Contracts”). 
 (h) Data and Records. All operating data and records of Seller, including customer lists and records, supplier
agreements, rebate details, general commercial information, referral sources, research and development reports and records, production reports and records, equipment logs, operating guides and manuals, copies of financial, accounting and personnel
records, correspondence and other similar documents and records (“Data and Records”). 
 (i)
Goodwill. The going concern value and goodwill of Seller. 
 (j) Governmental
Authorizations. All Governmental Authorizations owned, held or utilized by Seller in connection with the ownership of the Acquisition Assets and the operation of the Business, and all pending applications therefor, in each case to the
extent transferrable to Buyer, including those listed on Schedule 4.9(b). 
  

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 (k) Insurance Proceeds. All insurance proceeds arising in connection
with damage or loss to any of the Acquisition Assets occurring prior to the Closing Date, to the extent not expended for the repair or restoration of the Acquisition Assets (“Insurance Proceeds”); 
 (l) Intellectual Property. All of the intangible and intellectual property which Seller possesses and has the right
to transfer, including all Internet domain names, e-mail addresses, Marks, whether registered or unregistered, Trade Secrets, Patents and Copyrights and all applications for registration thereof, all post office box numbers, all telephone and
facsimile numbers and other listings and numbers used in connection with the Business. 
 (m) Prepaid
Expenses. All prepaid expenses relating to the Acquisition Assets, including those listed on Schedule 2.1(m) (“Prepaid Expenses”). 
 (n) Other Assets. All other properties and assets of every kind, character or description, tangible or intangible, owned by Seller and used in the operation of with the Business,
whether or not similar to the items or types specifically set forth above (“Other Assets”). 
 2.2 Excluded
Assets. Notwithstanding the above description of the Acquisition Assets, there shall be excluded from the Acquisition Assets those assets of Seller listed on Exhibit A (“Excluded Assets”). 
 2.3 Assumed Liabilities. At the Closing, Buyer shall deliver to Seller an undertaking and assumption, in the form of
Exhibit B (the “Assumption Agreement”), pursuant to which Buyer shall assume and agree to discharge only the following specifically enumerated obligations and Liabilities of Seller (the “Assumed Liabilities”):

 (a) Accounts Payable. All Liabilities for payment of trade accounts payable which are due within
Seller’s customary payment terms and which are (i) reflected on the Acquisition Balance Sheet remaining unpaid on the Closing Date; and/or (ii) incurred by Seller in the Ordinary Course of Business between the date of the Acquisition
Balance Sheet and the Closing Date. 
 (b) Purchase Orders. All Liabilities to Seller’s customers or
clients under purchase orders for products or services not delivered, purchased or otherwise completed on the Closing Date, including those set forth on Schedule 2.3(b) which lists all purchase orders through June 14, 2007. 

(c) Bids. All open or pending bids for orders set forth on Schedule 2.3(c) which Buyer will process in
accordance with Buyer’s ordinary business practices. 
 (d) Contract Liabilities. All Liabilities of
Seller arising after the Closing Date (other than any Liability for, or resulting from, any breach or default thereunder which occurred prior to the Closing) under the Contracts identified on Schedule 2.1(g). 
 (e) Accrued Liabilities. All of Seller’s accrued liabilities as shown on the Acquisition Balance Sheet
(including personal property tax, payroll and the receiving accrual) less accrued liabilities paid by Seller since the date of the Acquisition Balance Sheet and plus 

  

 -9- 

 
accrued liabilities incurred by Seller in the Ordinary Course of Business since the date of the Acquisition Balance Sheet. 
 (f) Leases. All liabilities of Seller or Parent, as the case may be, arising out of or relating to Seller’s
leases, each of which is more fully described on Schedule 4.26(b) (collectively the “Facility Leases”) to the extent such Liabilities accrue on or after the Effective Date. 
 2.4 Retained Liabilities. Except Assumed Liabilities, Buyer shall not assume, and Seller shall remain solely
responsible for and shall retain, pay, perform and discharge, in full, any and all other Liabilities of Seller, whether known, unknown, contingent, executory, fixed or otherwise (the “Retained Liabilities”). 
 2.5 Purchase Price. The purchase price, exclusive of the Assumed Liabilities, shall be Nineteen Million Two Hundred
Thousand Dollars ($19,200,000) (“Purchase Price”). The Purchase Price shall be paid by Buyer at the Closing by delivery of immediately available funds in the amount of the Purchase Price, minus $250,000.00 (the (“Escrow
Amount”) to an account designated by Seller. At Closing, Buyer shall deposit the Escrow Amount into an escrow fund (the “Escrow Fund”), pursuant to the terms of an escrow agreement in the form attached as Exhibit C (the
“Escrow Agreement”), to secure Seller’s and the Parent’s obligations to make any payments pursuant to Section 11, in accordance with the terms of this Agreement and the Escrow Agreement. The Purchase Price shall be decreased
for any Accounts Receivable on Seller’s financial statements as of the Closing Date (“Closing Date Financial Statements”) which remain uncollected after 180 days from the Closing to the extent that the amount of uncollected Accounts
Receivable exceeds the bad debt reserve on the Closing Date Financial Statement. For example, if the amount of uncollected Accounts Receivable after 180 days from the Closing is $10,000 and the bad debt reserve on the Closing Date Financial
Statements was $11,000; the adjustment is zero. If the amount of uncollected Accounts Receivable after 180 days from the Closing is $20,000 and the bad debt reserve on the Closing Date Financial Statements was $11,000; the decrease to the Purchase
Price is $9,000. 
 2.6 Allocation of Purchase Price. The Purchase Price shall be allocated among the
Acquisition Assets as specified in Exhibit D within 90 days from the Closing Date. After the Closing, the Parties agree to make consistent use of the allocation, fair market values and useful lives specified in Exhibit D
for all Tax purposes and in any and all filings, declarations and reports with the IRS in respect thereof, including without limitation, the reports required to be filed under Section 1060 of the IRC, if applicable, it being understood that
Buyer shall prepare and deliver IRS Form 8594 to Seller within forty-five (45) days after the Closing Date if such form is required to be filed with the IRS. In any Proceeding related to the determination of any Tax, no party hereto shall
contend or represent that such allocation is not correct. 
 3. CLOSING.
Consummation of the purchase and sale of the Acquisition Assets as contemplated in this Agreement (the “Closing”) shall take place at such place and time as the Parties shall mutually agree upon, on the “Closing Date,” which
shall occur on July 2, 2007. The Closing shall be effective as of the close of business on the Closing Date (the “Effective Date”). 
  

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 4. REPRESENTATIONS AND WARRANTIES
OF SELLER. In order to induce the Buyer to enter into this Agreement, the Seller (and, as to certain specified representations and warranties, Parent) makes the following representations
and warranties to the Buyer, except as qualified by the disclosures made in the Schedules attached hereto, each of which shall be deemed to be independently material and relied upon the Buyer. All capitalized terms used in the Schedules, unless
otherwise defined therein, have the meaning set forth in this Agreement. Unless otherwise noted therein, Section references in the Schedules are to the Sections of this Agreement. Nothing in the Schedules will be deemed adequate to disclose an
exception to a representation or warranty (referenced by subsection) made in this Agreement unless such exception is identified in the applicable Schedule. Seller and Parent, jointly and severally, hereby represent and warrant to Buyer as follows:

 4.1 Organizational Status. Seller is a limited liability company duly organized, validly existing and
in good standing under the laws of the State of Ohio. Seller has, and at all times has had, full company power and authority to own and lease its properties as such properties are now owned and leased and to conduct its Business as and where such
business has and is now being conducted. Set forth on Schedule 4.1 are true and complete copies of the Organizational Documents of Seller, as amended, as of the Closing Date. Seller has not qualified to do business in any jurisdiction other
than the State of Ohio. Neither the nature of the Business of Seller, nor the character and location of the properties owned or leased by Seller, make its qualification to do business in any other jurisdiction necessary. Parent is the sole member of
Seller. 
 4.2 Financial Statements. Seller has delivered to Buyer the following financial statements of
Parent (the “Parent Financial Statements”) and Seller (the “Seller Financial Statements”): (a) audited balance sheets of Parent for each of the fiscal years ending March 31, 2004, 2005 and 2006 and the related unaudited
statements of income, changes in equity and cash flow for each of the periods then ended, including in each case the notes thereto; and (b) an unaudited balance sheet of Seller as at March 31, 2007 (the “Acquisition Balance
Sheet”) and the related unaudited statements of income, for the period then ended. The Parent Financial Statements fairly present in all material respects the financial position and the results of operations, changes in equity and cash flow of
Seller, at the respective dates of, and for the periods referred to in, the Seller Financial Statements, all in accordance with GAAP, subject, in the case of interim financial statements, to normal recurring year-end adjustments (the effect of which
will not, individually or in the aggregate, have an Adverse Effect on Seller or the Business) and the absence of notes (that, if presented, would not differ materially from those included in the Acquisition Balance Sheet), consistently applied
throughout the periods covered by the Parent Financial Statements involved, except as disclosed in the notes thereto. The Parent and Seller Financial Statements have been prepared from and are in accordance with the books and records of Seller and
the Business. 
 4.3 Absence of Undisclosed Liabilities. As of the date of the Acquisition Balance Sheet,
to the best of Seller’s Knowledge, Seller had no Liabilities except as shown (and in the amounts shown) on the Acquisition Balance Sheet or as shown on Schedule 4.3. Since the date of the Acquisition Balance Sheet, except as shown on
Schedule 4.3, to the Seller’s Knowledge, Seller has not incurred or become subject to any material Liability, other than Liabilities incurred in the Ordinary Course of Business, all of which have been paid in full in the Ordinary Course
of 

  

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Business or are reflected on Seller’s regular books of account on the Closing Date and none of which is inconsistent with (a) the representations,
warranties and covenants of Seller and Parent contained herein or (b) any other provisions of this Agreement. 
 4.4
Absence of Certain Events. To the Knowledge of Seller and Parent, since the date of the Acquisition Balance Sheet, Seller has not except as set forth on Schedule 4.4: 
 (a) Adverse Effect. Suffered an Adverse Effect. 
 (b) Agreement Termination or Amendment. Terminated or amended or suffered the termination or amendment of any
material contract, lease, agreement, license or other instrument to which it is or was a party, other than any of such actions which occur in the Ordinary Course of Business or which do not have an Adverse Effect. 
 (c) Bonuses and Compensation. Paid or obligated itself to pay any bonuses or extraordinary compensation to, or made
any increase (except increases in the Ordinary Course of Business) in the compensation payable (or to become payable by it) to, any of its directors, officers, employees, agents, shareholders or other representatives of Seller. 
 (d) Capital Expenditures. Made any capital expenditures or capital commitments in excess of $25,000 for any single
one or series of related transactions or in excess of $100,000 in the aggregate. 
 (e) Casualty Losses.
Suffered any casualty, damage, destruction or loss to any of its properties not covered by insurance in excess of $25,000 for any one event or in excess of $100,000 in the aggregate. 
 (f) Change in Accounting Principles. Made any change in accounting principles, methods or practices. 
 (g) Change in Business. Other than this Agreement with Buyer, made any change in the Business or the manner of
conducting the Business, other than changes in the Ordinary Course of Business, none of which has, and which in the aggregate have not had, an Adverse Effect. 
 (h) Disposal of Assets. Disposed of any of its assets or properties other than in the Ordinary Course of Business. 
 (i) Employee Discipline. Terminated, placed on probation, disciplined, warned or experienced any material
dissatisfaction with, any officer, supervisory employee or outside salesperson of Seller. 
 (j)
Encumbrances. Subjected any of its assets or properties to any Encumbrances or to any other similar charge of any nature whatsoever. 
 (k) Loans. Made any loan or advance in excess of Fifty Thousand Dollars ($50,000) to any Person (except a normal travel or other reasonable expense advance to its officers and
employees). 
  

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 (l) Material Transactions. Entered into any material transactions
other than in the Ordinary Course of Business. 
 (m) New Agreements. Entered into any agreement,
contract, lease or license (or series of related agreements, contracts, leases or licenses) other than purchase orders entered into in the Ordinary Course of Business, which either involve more than $100,000 or were made outside the Ordinary Course
of Business. 
 (n) Payment of Accounts Payable Outside Ordinary Course of Business. Delayed or postponed
the payment of any material accounts payable and other Liabilities outside the Ordinary Course of Business. 
 (o)
Payments to Officers, Directors or their Affiliates. Paid any funds to any of its officers or directors, or to any family member of any of them, or any Person in which any of the foregoing have any direct or indirect interest,
except for the payment of installments of annual salaries and the bonuses accrued at the last day of Seller’s fiscal year. 
 (p) Plan Adoption, Modification or Amendment. Adopted, modified or amended any plan or agreement so as to increase the benefits due the employees of Seller under any such plan or agreement. 
 (q) Resignations of or Disputes with Employees or Agents. Experienced any resignations of, or had any disputes
involving the employment or agency relationship with, any employee or agent of Seller which could reasonably be expected to have an Adverse Effect and, concerning any branch manager or outside salesperson, whether or not the same, could reasonably
be expected to have an Adverse Effect. 
 (r) Waivers and Write-Offs. Waived or released any debts,
claims or rights of value or suffered any extraordinary loss or written down the value of any inventories or other assets or written down or off any receivable in excess of $25,000 for any one event or in excess of $100,000 in the aggregate.

 (s) Other Events. Been a party to any other occurrence, event, incident, action, failure to act or
transaction outside the Ordinary Course of Business involving Seller other than entering into the letter of intent with Buyer with respect to the transactions contemplated hereunder. 
 (t) Other Agreements. Entered into any agreement or commitment (whether or not in writing) to do any of the above.

 and Seller has: 
 (u) used its
commercially reasonable efforts to (i) preserve the Business and the organization of Seller; (ii) keep available, without entering into any binding agreement, the services of Seller’s employees; and (iii) preserved the goodwill
of Seller’s customers and others having business relationships with Seller; and 
  

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 (v) continued the Business and maintained its operations and equipment, books of account,
records and files in the Ordinary Course of Business. 
 4.5 Accounts Receivable. All Receivables on the
Closing Date (a) represent valid and bona fide obligations arising from sales actually made or services actually rendered by Seller in the Ordinary Course of Business; (b) to the Knowledge of Seller are correct as to amount and legally
enforceable according to their terms; and (c) to the Knowledge of Seller have no rights of defense, counterclaim or set-off against them, including any relating to the amount or validity of such Receivable. Schedule 4.5 contains a
complete and accurate list of all such Receivables as of 11:59 p.m. on May 31, 2007, and sets forth an accurate aging of all such Receivables. 
 4.6 Assets Necessary To Business. Seller or Parent owns or leases the Acquisition Assets, including all properties and assets, tangible and intangible, which are necessary for Buyer to conduct the Business
as heretofore conducted by Seller and necessary or appropriate for the continued conduct of the Business after the Closing Date in substantially the same manner as conducted prior to the Closing Date. 
 4.7 Authority; Consents; Enforcement: Noncontravention. 
 (a) Authority. Seller has the limited liability company power and authority to execute, deliver and perform this
Agreement and all other agreements, certificates or documents contemplated hereby (“Seller Ancillary Documents”) and has taken all actions required to authorize, execute, deliver and perform this Agreement and the Seller Ancillary
Documents, including approval by its board of directors and the Parent. Parent has full corporate power and authority to execute, deliver and perform this Agreement and the Seller Ancillary Documents. 
 (b) Consents. Except as set forth on Schedule 4.7(b), no consent, approval, action or authorization of any
third party, including any Governmental Authorization or application to, or other notice or filing with, any Governmental Body, is required for the execution, delivery or performance of this Agreement or the Seller Ancillary Documents by Seller or
Parent (“Seller’s Consents”). 
 (c) Enforcement. This Agreement and the Seller Ancillary
Documents have been duly executed and delivered by Seller and Parent and constitute the legal, valid and binding obligations of Seller and Parent, enforceable in accordance with their terms. 
 (d) Noncontravention. The execution and delivery of this Agreement and the Seller Ancillary Documents by Seller and
Parent do not violate any provision of the Organizational Documents of Seller and will not result in a breach or violation or default under any Order to which Seller is subject or result in a breach by Seller under any material contract or
obligation to which it is bound except for, and limited to the extent that, those contracts listed on Schedule 4.7(b) require consent of a third party as disclosed on Schedule 4.7(b). Except for those contracts requiring consent of a
third party as disclosed in Schedule 4.7(b), neither the execution and the delivery of this Agreement and the Seller Ancillary Documents, nor compliance with, or fulfillment of, the terms, conditions and provisions hereof or thereof, will
(1) violate any Legal Requirement of Seller or Parent; (2) materially conflict with, result in a material breach of, constitute a material default under, any Contract or Order to which Seller is a 

  

 -14- 

 
party; (3) create in any party the right to accelerate, terminate, modify or cancel, any Contract to which Seller is a party; (4) accelerate any
Liability of Seller; (5) result in the imposition of or creation of any Encumbrance upon or with respect to any of the Acquisition Assets; (6) require any notice under any Contract or Order to which Seller is a party or by which it or they
are bound or to which any of its or their assets or properties are subject; or (7) require the approval, consent, authorization or act of, or the making by, Seller of any declaration, filing or registration with, any Person. 
 4.8 Books and Records. Prior to the execution of this Agreement, Seller made available to Buyer for its examination
the books of account, records and minute and stock books of Seller (“Books and Records”). The Books and Records are true and complete in all material respects and have been prepared in the usual and customary manner. No material changes or
additions to the Books and Records of Seller have been made from the date such Books and Records were first made available to Buyer and nothing which should be set forth in said Books and Records, if prepared in the usual and customary manner of
Seller, has occurred from the date such Books and Records were first made available to Buyer, except for such changes, additions or events which have been made or have occurred, as the case may be, in the Ordinary Course of Business. 
 4.9 Compliance With Legal Requirements; Governmental Authorizations. 
 (a) Compliance With Legal Requirements. To the Knowledge of Seller: 
 (1) Seller is, and, at all times since its inception has been, in material compliance with each Legal Requirement that is or
was applicable to it or to the conduct or operation of the Business or the ownership or use of any of the Acquisition Assets; 
 (2) within the last two (2) years, no event has occurred, nor does any circumstance exist, that (with or without notice or lapse of time) (A) may constitute or result in a material violation by Seller of, or a
failure on the part of Seller to comply substantially with, any Legal Requirement; or (B) may give rise to any obligation on the part of Seller to undertake or to bear all or any portion of the cost of, any remedial action of any nature; and

 (3) Seller has not received, at any time within the last two years, any notice or other communication
(whether oral or written) from any Governmental Body regarding (A) any actual, alleged, possible or potential violation of, or failure to comply with, any Legal Requirement; or (B) any actual, alleged, possible or potential obligation on
the part of Seller to undertake, or to bear all or any portion of the cost of, any remedial action of any nature. 
 (b)
Governmental Authorizations. Schedule 4.9(b) contains a complete and accurate list of each Governmental Authorization that is held by Seller and is related to the Business, or to any of the Acquisition Assets and is
required for the continued operation of the Business. Each Governmental Authorization listed or required to be listed on Schedule 4.9(b) is valid and in full force and effect except where the failure to do so would not be expected to have an
Adverse Effect. Schedule 4.9(b) also sets forth the name of any third party from whom 

  

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consent must be obtained in order to effect a transfer to Buyer of the Governmental Authorizations to be acquired as a result of the transactions
contemplated herein; and, except as set forth on Schedule 4.9(b), Seller has obtained all such consents except where the failure to be so valid and in force and effect would not be expected to have an Adverse Effect. Except as set forth on
Schedule 4.9(b): 
 (1) Seller is in material compliance with all of the terms and requirements of each
Governmental Authorization identified or required to be identified on Schedule 4.9(b); 
 (2) To the
Knowledge of Seller, no event has occurred, nor does any circumstance exist, that may (with or without notice or lapse of time) (A) constitute or result directly or indirectly in a material violation of or a failure to comply with any term or
requirement of any Governmental Authorization listed or required to be listed on Schedule 4.9(b); or (B) result directly or indirectly in the revocation, withdrawal, suspension, cancellation or termination of, or any modification to, any
Governmental Authorization listed or required to be listed on Schedule 4.9(b); 
 (3) Seller has not
received, within the last twelve (12) months, any notice or other communication (whether oral or written) from any Governmental Body or any other Person regarding (A) any actual, alleged, possible or potential violation of or failure to
comply with any term or requirement of any Governmental Authorization; or (B) any actual, proposed, possible or potential revocation, withdrawal, suspension, cancellation, termination of, or modification to any Governmental Authorization; and

 (4) all applications required to have been filed for the renewal of the Governmental Authorizations listed or
required to be listed on Schedule 4.9(b) have been duly filed on a timely basis with the appropriate Governmental Bodies and all other filings required to have been made with respect to such Governmental Authorizations have been duly made on
a timely basis with the appropriate Governmental Bodies. 
 The Governmental Authorizations listed on Schedule 4.9(b) collectively
constitute all of the Governmental Authorizations which are, to the Knowledge of Seller, necessary to permit Seller to lawfully conduct and operate the Business in the manner it is currently conducted and operated and to permit Seller to own and use
its assets in the manner in which it currently owns and uses such assets. 
 4.10 Computer Systems;
Software. 
 (a) Condition of Computers. To Seller’s Knowledge, all computers and
computer systems owned, leased or used by Seller in connection with the Business (including software, communication links and storage media) (collectively, “Computers”): 
 (1) are currently operating; 
 (2) are in full operating order and fulfill the purposes for which they were acquired, established and are currently used; 
  

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 (3) have adequate capacity for the present needs of the Business.

 (b) Condition of Software. To Seller’s Knowledge, all software used on or stored or resident in
the Computers (“Software”) is currently operating and is lawfully held and used and, to the Knowledge of Seller, does not infringe the intellectual property rights of any Person and all copies held have been lawfully made. 
 (c) Ownership of Software. No Software owned by or licensed to Seller is used by or licensed or sublicensed by Seller
to any other Person. 
 (d) Operation of Computers. All Data and Records stored by electronic means are
capable of ready access through the Computers. To Seller’s Knowledge, except as disclosed on Schedule 4.10(d), the transactions contemplated in this Agreement will not cause any of Seller’s license agreements as referred to in this
Section 4.10 to be terminated or the terms varied or any rates or royalties payable to be materially increased. 
 4.11
Condition and Sufficiency of Assets. To Seller’s Knowledge, the tangible Acquisition Assets are structurally sound, are free from material defects (patent and latent) and have been maintained in accordance with the
manufacturer’s recommendations. To Seller’s Knowledge, the tangible Acquisition Assets are (i) currently in good operating condition and repair (subject to normal wear and tear); (ii) suitable for the purposes for which they are
presently used and presently proposed to be used; and (iii) not in need of maintenance or repairs except for ordinary, routine maintenance and repairs. 
 4.12 Contracts. Schedule 2.1(g) contains a list of each contract to which Seller is a party, except for (a) sales or purchase orders entered into in the Ordinary Course
of Business; (b) contracts involving Seller’s receipt or payment of less than $50,000 in any 12-month period; and (c) contracts cancelable without penalty or payment upon no more than thirty (30) days notice. Seller has furnished
Buyer with a true and complete copy of each written contract listed on Schedule 2.1(g). To Seller’s Knowledge, each such Contract set forth on Schedule 2.1(g) is legal, valid, binding, enforceable and in full force and effect. To
Seller’s Knowledge, no party to any such Contract set forth on Schedule 2.1(g) is in breach or default. 
 4.13
Customers of Seller; Conditions Affecting Seller. Schedule 4.13 sets forth the 5 largest customers of Seller by dollar value of aggregate purchases from Seller over the 24 months ended March 31, 2007. None of the
customers identified on Schedule 4.13 have terminated their relationship with Seller or otherwise ceased doing business with Seller. 
 4.14 Benefit Plans. 
 (a) Compliance of Benefit Plans With ERISA and
IRC. Parent and Seller have performed all material obligations under all health, welfare and Pension Plans (“Benefit Plans”) and have made appropriate entries in their financial records and statements for all Liabilities
under all Benefit Plans that have accrued but are not due. All of the Benefit Plans and any related trust agreements or annuity contracts (or any funding instrument) comply currently, and have complied in the past, with the applicable and material
provisions of ERISA and the IRC, where required in order to be a qualified plan under section 401(a) of the IRC and tax exempt under section 501 of the IRC, and all other Legal Requirements. Neither Parent, Seller, 

  

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nor any Person who is a fiduciary or otherwise has a relationship to a Benefit Plan, has any liability to the IRS or the Pension Benefit Guaranty Corporation
with respect to a Benefit Plan or any Liability under sections 502 or 4071 of ERISA. All filings required by ERISA and the IRC as to each Benefit Plan have been timely filed and all notices and disclosures to participants required by either ERISA or
the IRC have been timely provided. Other than routine claims for benefits submitted by participants or beneficiaries in the ordinary course, no claim against, or Proceeding involving, any Benefit Plan is pending or Threatened. No Benefit Plan is a
“Multiple Employer Plan” within the meaning of Section 413(c) of the IRC. 
 (b) Administration of
Plans. Each of the Benefit Plans has been administered in substantial compliance with the requirements of the IRC and ERISA and all material reports required by any governmental agency with respect to each such Plan have been timely
filed. 
 4.15 Employees and Compensation. 
 (a) Listing of Employees. Schedule 4.15 identifies all officers and employees of Seller as of the Closing Date,
the amount of their current annual salaries or hourly rates, their bonuses paid in the fiscal year ended March 31, 2007, their current job titles, and estimated vacation as of May 31, 2007, accrued and a complete description of any written
commitments to such employees and officers with respect to compensation payable hereafter. Seller has not, because of past practices or previous commitments with respect to its officers or employees, established any legally enforceable rights or
reasonable expectations on the part of such officers or employees to receive additional compensation inconsistent with past practices with respect to any period after the Closing Date. Set forth on Schedule 4.15 is a description of all claims
made against Seller by its officers, employees or former employees within the last twelve (12) months, as well as all unresolved claims made against Seller by its officers, employees or former employees. No officer or employee of Seller is
employed by Seller outside the United States of America. 
 (b) Agreements With Employees. Except as
described on Schedule 4.15, Seller is not a party to or bound by any written or oral: 
 (1) employment
agreement (other than employment agreements under which the only monetary obligation of Seller is to make current wage or salary payments and provide current employee benefits and other employee benefits required by any Legal Requirement),
consulting, advisory or service agreement, confidentiality agreement or covenant not to compete; 
 (2) contract
or agreement with any officer, employee or shareholder (other than employment agreements disclosed in response to clause (1) or excluded from the scope of clause (1)), agent or attorney-in-fact of Seller; or 
 (3) obligation to provide, presently or in the future, retiree medical insurance coverage, retiree life insurance coverage
or other benefits for retired employees or directors of Seller, or their dependents, except as required by any Legal Requirement, and, to the extent of any such obligation, the name, pension benefit, pension option 

  

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election, medical insurance coverage and life insurance coverage for such retirees is described on Schedule 4.15. 
 (c) Confidentiality and Noncompetition Agreements. To the Knowledge of Seller, no officer or employee of Seller is a
party to, or is otherwise bound by, any written agreement or arrangement with any Person (other than with Seller or Parent), including any confidentiality, noncompetition or proprietary rights agreement, that has, had or will have an Adverse Effect
on: (1) the performance of his or her duties as an officer or employee of Seller or (2) the ability of Seller to conduct its Business. 
 (d) Additional Employee Matters. Set forth on Schedule 4.15 is a list of each employee of Seller and each qualified beneficiary of an employee of Seller who has incurred a qualifying event and has
elected, or is eligible to elect, continuation coverage under Seller’s group health plan. Further set forth on Schedule 4.15 is a list of each employee of Seller and each qualified beneficiary of an employee of Seller who, as a result of
the transactions contemplated herein, will incur a qualifying event and will be eligible to elect continuation coverage under Seller’s group health plan. Also set forth on Schedule 4.15 is a list of each employee of Seller who has
requested or is on a leave of absence pursuant to the provisions of the Family and Medical Leave Act (“FMLA”), or has submitted a request for leave under the FMLA which will commence after the Closing Date. 
 4.16 Environmental Matters. 
 (a) Compliance with Environmental Laws. To the best of Seller’s Knowledge, Seller is, and at all times has been, in full compliance with, and has not been and is not in
violation of or liable under, any Environmental Law. Seller has not received any actual or, to the Knowledge of Seller, Threatened Order, notice or other communication from any Governmental Body or private citizen acting in the public interest or
from the current or prior owner or operator of the Facilities, of any actual or potential violation or failure to comply with any Environmental Law, or of any actual or, to the Knowledge of Seller, Threatened obligation to undertake or bear the cost
of any Environmental, Health and Safety Liabilities with respect to any of the Facilities. 
 (b) No Environmental
Claims. There are no pending or, to the Knowledge of Seller, Threatened claims, Liens, Encumbrances or other restrictions of any nature, resulting from any Environmental, Health and Safety Liabilities or arising under or pursuant to
any Environmental Law, with respect to or affecting any of the Facilities or the Acquisition Assets. 
 (c) No
Environmental Orders. To the best Knowledge of Seller, Seller does not have has any basis to expect, nor have any of them, received any written citation, directive, inquiry, notice, Order, summons, warning or other communication that
relates to Hazardous Activity, Hazardous Materials or any alleged, actual or potential violation or failure to comply with any Environmental Law, or of any alleged, actual or potential obligation to undertake or bear the cost of any Environmental,
Health and Safety Liabilities with respect to any of the Facilities or any Acquisition Assets. 
 (d) No Hazardous
Materials. To the best of Seller’s Knowledge, there are no Hazardous Materials present on or in the Environment at the Facilities, including any Hazardous 

  

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Materials contained in barrels, above or underground storage tanks, landfills, land deposits, dumps, equipment (whether moveable or fixed) or other
containers, either temporary or permanent, and deposited or located on or in land, water, sumps or any other part of the Facilities or such adjoining property or incorporated into any structure therein or thereon. Seller is not aware of, any
Hazardous Activity conducted at the Facilities. 
 (e) No Release. To Seller’s Knowledge there has
been no Release of any Hazardous Materials at or from the Facilities. 
 4.17 Reserved. 
 4.18 Intellectual Property. 
 (a) Definition of Intellectual Property. The term “Intellectual Property” as used in this Agreement means all of the intangible and intellectual property of Seller, including, but not limited to
the following: 
 (1) all post office box numbers, Internet domain names, telephone and facsimile numbers,
e-mail addresses and all other listings used in the Business, each of which is set forth on Schedule 4.18(a)(1); 
 (2) the name “Quick Pak” (and any derivatives thereof) and all other Marks; 
 (3) all Patents; 
 (4) all Copyrights; and 
 (5) all Trade Secrets. 
 (b) Ownership of Intellectual Property. Seller owns or has the right to use all of the Intellectual Property material to the operation of the Business as it is currently conducted.
Except for the Intellectual Property licensed by Seller as a licensee, a copy of each such license is attached to Schedule 4.7(b) and, except as otherwise disclosed on Schedule 4.7(b), Seller owns all right, title and interest in and
to all of the Intellectual Property, free and clear of all Liens, security interests, charges, Encumbrances, equities and other adverse claims, and has the right to use all of such Intellectual Property without payment to a third party. All
Intellectual Property is either assignable or licensable by Seller to Buyer and such assignment or license may be made without the consent of any third party and will not result in any breach, violation or default under any agreement involving
Intellectual Property. 
 (c) Patents. The Seller owns no patents (“Patents”). 
 (d) Marks. The Seller owns no Marks (“Marks”). 
 (e) Copyrights. The Seller owns no Copyrights (“Copyrights”). 
  

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 (f) Trade Secrets. Each trade secret of Seller (“Trade
Secrets”), and the documentation relating to such Trade Secret, is current, accurate and sufficient in detail and content to identify and explain it and to allow its full and proper use without reliance on the knowledge or memory of any
individual. Seller has taken all reasonable precautions to protect the secrecy, confidentiality and value of Seller’s Trade Secrets. 
 (g) Employee Agreements. No former or current employee of Seller has executed a written agreement that assigns to a Person other than Seller any or all rights to any inventions, improvements, discoveries
or information relating to and used in the Business. Any inventions, improvements, discoveries or information relating to and used in the Business and developed by former or current employees of Seller in the course of their employment with Seller
are owned by Seller. To the Knowledge of Seller, no employee of Seller has entered into any agreement that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign or
disclose information concerning his work to anyone other than Seller. 
 4.19 Inventory. All Inventories
on the Closing Date consist of items of a quality and quantity useable or saleable in the Ordinary Course of Business as presently conducted, except for obsolete items and items of below-standard quality, all of which have been written off or
written down to net realizable value in the Acquisition Balance Sheet or on the accounting records of Seller as of the Closing Date, as the case may be. No items included in the Inventories are pledged as collateral or held by Seller on consignment
from another, except as set forth on Schedule 4.19. The inventories are valued in accordance with the Accounting Standards and FIFO/average cost, consistent with past practices, and were so valued at the date of the Acquisition Balance Sheet.
The inventory obsolescence policies of Seller are appropriate for the nature of the products sold and the marketing methods used by Seller and the reserve for inventory obsolescence contained in the Acquisition Balance Sheet fairly reflects the
amount of obsolete inventory as of the date thereof. 
 4.20 Labor Relations; Compliance. Seller has not
been, nor is it, a party to any collective bargaining or other labor contract. Except as set forth on Schedule 4.20, there has not been within the past twelve (12) months, there is not presently pending or existing and, to the Knowledge
of Seller, there is not Threatened (a) any strike, slowdown, picketing, work stoppage or employee grievance process; (b) any Proceeding against or affecting Seller relating to the alleged violation of any Legal Requirement pertaining to
labor relations or employment matters, including any charge or complaint filed by an employee, former employee or union with the National Labor Relations Board, the Equal Employment Opportunity Commission or any comparable Governmental Body,
organizational activity or other labor or employment dispute against or affecting Seller or its premises; or (c) any application for certification of a collective bargaining agent. 
 4.21 Litigation; Orders. 
 (a) Proceedings. Except as set forth on Schedule 4.21, there is no Proceeding pending or, to the Knowledge of Seller, Threatened against or relating to Seller or its property
or assets. Except as disclosed on Schedule 4.21, to the Knowledge of Seller: (i) there is no basis or alleged basis for any such Proceeding or of any governmental investigation relative to Seller, its 

  

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property or assets, and (ii) no event has occurred, nor does any circumstance exist, that may give rise to or serve as a basis for the commencement of
any such Proceedings which may have an Adverse Effect on Buyer. 
 (b) Orders. There is no Order to which
Seller, or any of the Acquisition Assets owned or used by Seller in the Business, is subject, other than Orders generally affecting the industry in which Seller conducts the Business. Except as set forth on Schedule 4.21, (A) Seller is
in full compliance with all of the material terms and requirements of each Order to which it, or any of the Acquisition Assets owned or used by it in the operation of the Business, are or have been subject; (B) no event has occurred, nor does
any circumstance exist that may constitute or result in (with or without notice or lapse of time) a violation of or failure to comply with any term or requirement of any Order to which Seller, or any of the Acquisition Assets owned or used by Seller
in the operation of the Business, are subject which may have an Adverse Effect on Buyer; and (C) Seller has not received, any notice or other communication (whether oral or written) from any Governmental Body or any other Person regarding any
actual, alleged, possible or potential violation of, or failure to comply with, any term or requirement of any Order to which Seller, or any of the Acquisition Assets owned or used by Seller, are or have been subject, which may have an Adverse
Effect on Buyer. 
 4.22 No Agent or Broker. Except for BMO Capital, which fee shall be paid by Seller, no
agent or broker or other Person acting pursuant to authority given by Seller or Parent is entitled to any commission, finder’s fee or other compensation from Buyer or otherwise in connection with the transactions contemplated by this Agreement.

 4.23 Notices of Violation. Seller has received no notice, and, to the Knowledge of Seller, there is no
pending notice, of violation of any Legal Requirement, nor the pendency of any Proceeding, threatened or otherwise, which could prohibit, impede, delay or adversely effect the ability of Seller to effect the transactions contemplated in this
Agreement. 
 4.24 Personal Property. Schedule 4.24 contains a detailed list of all machinery,
equipment, fixtures, computer hardware and software, tools, supplies, spare parts, furniture and vehicles purchased for or used in connection with the Business and all other tangible personal property and assets owned or leased by Seller which are
used in or relate to the Business. Schedule 4.24 contains an accurate and complete listing of all such assets as of 5:01 p.m. on June 1, 2007. 
 4.25 Products. Each product manufactured, fabricated, assembled, sold, leased or delivered by Seller has been in conformity in all material respects with all applicable contractual
commitments and all express and implied warranties and Seller has no Liability (and, to the Knowledge of Seller, there is no basis for any present or future Proceeding against it giving rise to any Liability) for replacement or repair thereof or
other damages in connection therewith. No product manufactured, fabricated, assembled, sold, leased or delivered by Seller is subject to any guaranty, warranty or other indemnity beyond the applicable terms and conditions of sale or lease for such
product. 
 4.26 Real Property. 
  

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 (a) Owned Real Property. Seller does not own any real property.

 (b) Leased Real Property. Schedule 4.26(b) lists and describes briefly all real property leased
or subleased to Seller. Seller has delivered to Buyer correct and complete copies of the leases and subleases listed on Schedule 4.26(b), as amended. With respect to each lease and sublease listed on Schedule 4.26(b), and except as set
forth on Schedule 4.26(b): 
 (1) there are no disputes, oral agreements or forbearance programs in
effect as to the lease or sublease; 
 (2) neither Seller or Parent have assigned, transferred, conveyed,
mortgaged, deeded in trust or encumbered any interest in the leasehold or subleasehold; 
 (3) all facilities
leased or subleased thereunder have received all approvals of Governmental Authorities (including licenses and permits) required in connection with the operation thereof and have been operated and maintained in accordance with applicable Legal
Requirements; and 
 (4) all facilities leased or subleased thereunder are supplied with utilities and other
services necessary for the operation of such facilities. 
 4.27 Status of Contracts. To the Knowledge of
Seller, each of the Contracts listed on Schedules 2.1(g) and 4.26(b) (collectively, the “Seller Agreements”) constitutes a legal, valid, binding and enforceable obligation of the parties thereto and is in full force and
effect and the transactions contemplated herein shall not have an Adverse Effect on the Seller Ancillary Agreements and they shall continue in full force and effect immediately after the Closing with Buyer as a party thereto instead of Seller, in
each case without breaching the terms thereof or resulting in the forfeiture or impairment of any rights thereunder and without the consent, approval or act of, or the making of any filing with, any other party. Seller has fulfilled and performed
its obligations under each of the Seller Agreements, and Seller is not in, or, to the Knowledge of Seller, alleged to be in, breach or default under, nor to the Knowledge of Seller is there or is there alleged to be any basis for termination of, any
of the Seller Agreements and, to the Knowledge of Seller, no other party to any of the Seller Agreements has breached or defaulted thereunder, and to the Knowledge of Seller no event has occurred and no condition or state of facts exists which, with
the passage of time or the giving of notice or both, would constitute such a default or breach by Seller or, to the Knowledge of Seller, by any such other party. Seller is not currently renegotiating any of the Seller Agreements or paying liquidated
damages in lieu of performance thereunder. True and complete copies of each of the Seller Agreements have heretofore been delivered to Buyer by Seller. 
 4.28 Subsidiaries and Investments. Seller does not, directly or indirectly, (a) own, of record or beneficially, any outstanding voting securities or other equity interests in
any corporation, partnership, limited liability company, joint venture or other entity; or (b) control any corporation, partnership, limited liability company, joint venture or other entity which is involved in or relates to Seller. 

4.29 Taxes; Tax Returns; Tax Elections. 
  

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 (a) Tax Returns. Parent or Seller has prepared, signed and filed all
Tax Returns required to be filed by Seller prior to the Closing Date. To Parent’s and Seller’s Knowledge, all Tax Returns were correct and complete in all material respects and Seller has timely paid or accrued all Taxes or installments
thereof of every kind and nature whatsoever which were due and owing on Tax Returns or which were or are otherwise due and owing under all applicable laws and regulations for any periods for which Tax Returns were due, whether or not reflected on
the Tax Returns, and which would likely have an Adverse Effect on Buyer. There are no Proceedings, investigations or claims now pending, nor, to the Knowledge of Parent or Seller, proposed or Threatened against Seller, nor are there any matters
under discussion with the IRS or any other Governmental Authority relating to any Taxes or assessments or any claims or deficiencies with respect thereto. 
 (b) Withholdings. Seller has withheld proper and accurate amounts from its employees in full and complete compliance with the tax withholding provisions of the IRC and other
applicable Legal Requirements and has filed proper and materially accurate federal, foreign, state and local Tax Returns and reports for all years and periods (and portions thereof) for which any Tax Returns were due with respect to employee income,
income tax withholding, withholding taxes, social security taxes and unemployment taxes. All payments due from Seller on account of employee tax withholdings, including income tax withholdings, social security taxes or unemployment taxes in respect
to years and periods (and portions thereof) ended on or prior to the Closing Date were paid prior to such date on or before their due date. 
 4.30 Title to Properties. Seller has good and marketable title to all of the Acquisition Assets (excluding leased properties). Except as set forth on Schedule 4.30, all Acquisition Assets are free
and clear of all Encumbrances, except the Lien for current ad valorem taxes not yet due and payable. 
 4.31 Completeness
of Statement; Effect of Representations and Warranties. Seller and Parent have disclosed to Buyer in separate writings or in the Schedules attached hereto, all adverse facts known to them relating to the representations and
warranties. The representations and warranties of Seller and Parent in this Agreement, as qualified by the disclosures made on the Schedules attached hereto, are true and complete in all respects; provided that if, during the course of its due
diligence, the Buyer discovers any facts that would render any representation or warranty of Seller or Parent untrue, inaccurate or incomplete, the Buyer shall immediately notify the Seller of such facts and shall allow the Seller to cure such
deficiency by the expiration of the due diligence period, however, the Buyer will not be entitled to indemnification for any such facts upon closing. No representation or warranty of Seller and Parent in this Agreement, as qualified by the
disclosures made on the Schedules attached hereto, contains any untrue statement of a material fact, omits any material fact necessary to make such representation or warranty, under the circumstances which it was made, not misleading, or contains
any misstatement of a material fact. The effect of Buyer’s Knowledge of an inaccuracy is provided for in Section 11.5(c). 
 5. REPRESENTATIONS AND WARRANTIES OF BUYER AND GUARANTOR. Buyer and Guarantor hereby represent and warrant to Seller and
Parent as follows: 
 5.1 Buyer’s Registered Status. Buyer is a limited liability company duly
organized, validly existing and full force and effect under the laws of the State of Ohio and is authorized to 

  

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transact business therein. Buyer has, and at all times has had, full corporate or other applicable power and authority to own and lease its properties as
such properties are now owned and leased and to conduct its business as and where such businesses have and are now being conducted. 
 5.2 Buyer Authority; Consents; Enforcement; Noncontravention; Noncompetes. 
 (a)
Authority. Buyer has the corporate or other applicable power and authority to execute, deliver and perform this Agreement, and all other agreements, certificates or documents contemplated hereby to which it is a party
(“Buyer Ancillary Documents”) and has taken all actions required to authorize, execute, deliver and perform this Agreement and the Buyer Ancillary Documents, including approval by the members or manager of Buyer. 
 (b) Consents. No consent, action, approval or authorization of or registration, declaration or filing with any
Governmental Body, is required for the execution, delivery or performance of this Agreement or the Buyer Ancillary Documents by Buyer (“Buyer’s Consents”). 
 (c) Enforcement. This Agreement and the Buyer Ancillary Documents have been duly executed and delivered by Buyer and
constitute the legal, valid and binding obligations of Buyer, as the case may be, enforceable in accordance with their terms. 
 (d) Noncontravention. The execution and delivery of this Agreement and the Buyer Ancillary Documents by Buyer does not violate any provision of the Organizational Documents of Buyer and will not result in
a breach or violation or default under any Order of any court or governmental authority to which Buyer is subject or result in a breach by Buyer under any contract or obligation to which it is bound. Neither the execution and the delivery of this
Agreement and the Buyer Ancillary Documents, nor the compliance with, or fulfillment of, the terms, conditions and provisions hereof or thereof, will (1) violate any Legal Requirement of Buyer or any provision of its organizational documents;
(2) conflict with, result in a breach of, constitute a default under, any contract, agreement, lease, license, instrument or other arrangement or order to which Buyer is a party or is bound by; (3) result in the acceleration of, create in
any party the right to accelerate, terminate, modify or cancel, or result in the imposition of or creation of any Encumbrance upon or with respect to any of the assets or properties owned or used by Buyer; (4) require any notice under any
agreement, contract, lease, license, instrument or other arrangement to which Buyer is a party or by which it is bound or to which any of its assets or properties are subject; or (5) require the approval, consent, authorization or act of, or
the making by Buyer of, any declaration, filing or registration with, any Person. 
 5.3 Guarantor’s Registered
Status. Guarantor is a limited liability company duly organized, validly existing and in good standing under the laws of the State of New Jersey and is authorized to transact business therein. Guarantor has, and at all
times has had, full corporate or applicable power and authority to own and lease its properties as such properties are now owned and leased and to conduct its business as and where such businesses have and are now being conducted. 
 5.4 Guarantor Authority; Consents; Enforcement; Noncontravention. 
  

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 (a) Authority. Guarantor has the corporate or other applicable power and authority to
execute, deliver and perform this Agreement, the Guaranty and all other agreements, certificates or documents contemplated hereby to which it is a party (“Guarantor Ancillary Documents”) and has taken all actions required to authorize,
execute, deliver and perform this Agreement and the Guarantor Ancillary Documents, including approval by the board of directors of Guarantor. 
 (b) Consents. No consent, action, approval or authorization of or registration, declaration or filing with any Governmental Body, is required for the execution, delivery or performance of this Agreement or the Guarantor
Ancillary Documents by Guarantor (“Guarantor’s Consents”). 
 (c) Enforcement. This Agreement and the Guarantor
Ancillary Documents have been duly executed and delivered by Guarantor and constitute the legal, valid and binding obligations of Guarantor, as the case may be, enforceable in accordance with their terms. 
 (d) Noncontravention. The execution and delivery of this Agreement and the Guarantor Ancillary Documents by Guarantor does not violate any
provision of the organizational documents of Guarantor and will not result in a breach or violation or default under any Order of any court or governmental authority to which Guarantor is subject or result in a breach by Guarantor under any contract
or obligation to which it is bound. Neither the execution and the delivery of this Agreement and the Guarantor Ancillary Documents, nor the compliance with, or fulfillment of, the terms, conditions and provisions hereof or thereof, will
(1) violate any Legal Requirement of Guarantor or any provision of its organizational documents; (2) conflict with, result in a breach of, constitute a default under, any contract, agreement, lease, license, instrument or other arrangement
or order to which Guarantor is a party or is bound by; (3) result in the acceleration of, create in any party the right to accelerate, terminate, modify or cancel, or result in the imposition of or creation of any Encumbrance upon or with
respect to any of the assets or properties owned or used by Guarantor; (4) require any notice under any agreement, contract, lease, license, instrument or other arrangement to which Guarantor is a party or by which it is bound or to which any
of its assets or properties are subject; or (5) require the approval, consent, authorization of or act of the making by Guarantor of, any declaration, filing or registration with, any Person. 
 5.5 No Agent or Broker. No agent or broker or other Person acting pursuant to authority given by Buyer or Guarantor is
entitled to any commission or finder’s fee or other compensation, in connection with the transactions contemplated by this Agreement. 
 5.6 Completeness of Statements; Effect of Representations and Warranties. Buyer and Guarantor have disclosed to Seller in other writings or in the Schedules attached hereto, all adverse facts known to it
relating to the representations and warranties of Buyer or Guarantor. The representations and warranties of Buyer and Guarantor in this Agreement, as qualified by the disclosures made on the Schedules attached hereto, are true and complete in all
respects. No representation or warranty of Buyer nor Guarantor in this Agreement, as qualified by the disclosures made on the Schedules attached hereto, contains any untrue statement of a material fact, omits any material fact necessary to make such
representation or warranty, under the circumstances which it was made, not misleading, or contains any misstatement of a material fact. 
  

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 6. COVENANTS OF THE
PARTIES. 
 6.1 Transition of the Business. Seller and
Parent covenant to cooperate with Buyer in providing all information required hereunder and access thereto and whatever is reasonably required to carry out the purposes and intent of the transactions contemplated by this Agreement. 
 6.2 Employment of Seller’s Employees. 
 (a) Prior to the Closing, Buyer will offer employment to all of Seller’s full-time employees who are active employees of Seller as of
the Closing Date; provided, however, that each of Seller’s employees meet all of Buyer’s employment criteria and pass a drug and alcohol test and a background check to be administered by Buyer in its sole discretion; provided
further however, that Buyer shall pay any and all costs of severance, termination or unemployment compensation for any of Seller’s active full-time employees which Buyer does not offer employment for any reason other than such
employee’s failure to pass a drug or alcohol test or reasonable and customary background check for such employees position. 
 6.3 Further Assurances. Each of the Parties agrees that it will at any time, and from time to time, after the Closing Date, upon the request and at the expense of the appropriate party, do, execute,
acknowledge and deliver, or will cause to be done, executed, acknowledged and delivered, all such further acts, assignments, transfers, conveyances and such further acts, assignments, transfers, conveyances and assurances as may be required to
complete the transactions contemplated herein. After the Closing Date, at the expense of Seller, Seller and Parent shall, and shall use their commercially reasonable efforts to cause any necessary third party to, execute such documents and do such
acts and things as Buyer may reasonably require for the purpose of giving to Buyer the full benefit of all the provisions of this Agreement and as may be reasonably required to complete the transactions contemplated herein. After the Closing Date,
at the expense of Buyer, Buyer shall, and shall use its commercially reasonable efforts to cause any necessary third party to, execute such documents and do such acts and things as Seller and/or Parent may reasonably require for the purpose of
giving to Seller or Parent the full benefit of all the provisions of this Agreement and as may be reasonably required to complete the transactions contemplated herein. 
 6.4 Proration of Expenses and Other Charges of the Business. On the Closing Date, the periodic charges of the Business, other than those Liabilities assumed by Buyer pursuant to
Section 2.3 or as otherwise provided for in this Agreement, including rent, prepaid expenses, utility and license fees, personal property tax and all liabilities related to salaries, wages, vacation pay, other benefits and payroll taxes shall
be apportioned on a time basis so that such part of the relevant charges attributable to the period prior to the Closing Date shall be borne by the Seller, and such part of the relevant charges attributable to the period after the Closing Date shall
be borne by Buyer. All rents and other similar sums receivable in respect of the Business shall be apportioned between Buyer and Seller on like terms. 
 6.5 Filing of Taxes; Payment. Seller shall, for all periods through the Closing Date: 
 (a) prepare and timely file (including extensions) all Tax Returns that it is required to file under all applicable laws; 
  

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 (b) timely pay all Taxes it is required to pay; and 
 (c) withhold and timely pay over to the applicable authorities all Taxes that it is required to withhold and pay over. 
 6.6 Use of Names. From and after the Closing Date, Seller and Parent shall not, in any manner whatsoever, use the name
“Quick Pak,” or any derivative thereof or any other Marks of Seller included in the Acquisition Assets. 
 6.7 Guaranty.
Guarantor hereby covenants and agrees to guaranty payment and performance of all covenants and obligations of Buyer hereunder, including, but not limited to, Buyer’s obligation to pay Seller the Purchase Price and Buyer’s
indemnification obligations under Section 11 below. 
 6.8 Conduct of Business. Seller and Parent shall not
take any action which, if it had been taken prior to the date of this Agreement, would have rendered the representations of this Agreement, including but not limited to those set forth in Section 4.4, untrue or inaccurate in any respect.

 6.9 No Solicitation or Negotiation. 
 (a) The Seller shall, and shall direct or cause its representatives to, immediately cease and cause to be terminated any discussions or
negotiations with any parties that may be ongoing with respect to an Acquisition Proposal. The Seller shall not, directly or indirectly, and shall instruct (and not revoke any such instructions) its representatives not to, directly or indirectly,
(i) solicit, initiate, negotiate, knowingly encourage or knowingly facilitate (including by way of furnishing non-public information) the submission of any Acquisition Proposal, (ii) enter into any agreement with respect to any Acquisition
Proposal or (iii) participate in any discussions or negotiations regarding, or furnish to any Person any information with respect to, or take any other action to facilitate any inquiries or the making of any proposal that constitutes, or may
reasonably be expected to lead to, any Acquisition Proposal, or afford access to properties, books or records of the Seller to any Person that has disclosed to the Seller that it is contemplating making an Acquisition Proposal. 
 (b) Notwithstanding anything to the contrary in this Section 6.9, the Seller may, subject to the last sentence of Section 9.2 of
this Agreement, participate in any discussions or negotiations with or furnish information to, any Person that has made an unsolicited Acquisition Proposal, that did not result from a breach of Section 6.9(a), and where the Seller has
(i) determined, in its good faith judgment (after consultation with its outside legal counsel and its financial advisors), that such Acquisition Proposal constitutes, or may reasonably be expected to lead to, a Superior Proposal, and
(ii) provided written notice to the Buyer of its intent to participate in discussions or negotiations with, or furnish information to, such Person. The Seller shall notify the Buyer of any Acquisition Proposal it receives within one Business
day after receipt of such Acquisition Proposal and shall include the material terms and conditions of such Acquisition Proposal and the identity of the Person making such Acquisition Proposal. The Seller shall notify the Buyer of any material
modification to any Acquisition Proposal with one Business Day after such modification is proposed. 
  

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 6.10 Non-Competition; Non-Solicitation. 
 (a) For a period of one (1) year from the Closing Date, Seller and Parent shall not, and Seller and Parent shall cause its Affiliates
not to, (i) engage, directly or indirectly, as a principle or for its own account, solely or jointly with others, or through any form of ownership in another Person, in a business that is or has been in competition with the Business (a
“Competing Business”) or (ii) solicit or attempt to solicit any Person who is or has been a customer, supplier, distributor, licensor, licensee or any other business relation of the Business within the past twelve
(12) months to (A) cease doing business with Buyer or its Affiliates, (B) alter or limit its business relationship with Buyer or its Affiliates, or (C) purchase products from, or sell products on behalf of, a Person in a
Competing Business. 
 (b) Notwithstanding anything to the contrary contained herein, nothing in this Section 6.9 will
prohibit or restrict the ownership solely for investment purposes of less than five percent (5%) of the stock of a publicly-held corporation whose stock is traded on a national securities exchange or listed with Nasdaq Stock Market and who
engages in a Competing Business. 
 (c) If the final judgment of a court of competent jurisdiction declares that any term or
provision of this Section 6.9 is invalid or unenforceable, the parties hereto agree that the court making the determination of invalidity or unenforceability will have the power to reduce the scope, duration, or area of the term or provision,
to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or
provision, and this Agreement will enforceable as so modified after the expiration of the time within which the judgment may be appealed. 
 (d) Seller and Parent agree that Buyer and its Affiliates may suffer irreparable harm from a breach of any of the covenants and/or agreements contained in this Section 6.9. In the event of an alleged breach by Seller,
Parent, or any of their Affiliates of any of the provisions of this Section 6.9, Buyer or its Affiliates may, in addition to all other rights and remedies existing in their favor, apply to any court of competent jurisdiction for specific
performance, injunctive or other relief in order to enforce or prevent any violations of the provisions of this Section 6.9. In the event that Seller or Buyer is found to have breached any covenant in this Section 6.9, the time period
provided for in that covenant shall be tolled (i.e., it shall not run) for so long as Seller or Parent was in violation of that covenant. 
 7. CONDITIONS PRECEDENT TO BUYER’S OBLIGATION TO CLOSE. Buyer’s
obligation to consummate the transactions contemplated herein, and to take the actions required to be taken by Buyer, at the Closing, is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may
be waived by Buyer, in whole or in part, and each of which shall be deemed fully satisfied or waived upon the occurrence of the Closing): 
 7.1 Accuracy of Representations. All of the representations and warranties of Seller and Parent in this Agreement (considered collectively), and each of such representations and warranties (considered
individually), must be accurate in all material respects as of the Closing Date. 
  

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 7.2 Seller and Parent’s Performance. All of the covenants and
obligations that Seller and Parent are required to perform or to comply with pursuant to this Agreement at or prior to the Closing (considered collectively), and each of these covenants and obligations (considered individually), must have been duly
performed and complied with in all material respects. 
 7.3 Consents. Each of the Consents identified on
Schedule 4.7(b) must have been obtained and must be in full force and effect. 
 7.4 Other Documents.
Buyer must have received such other documents as it may reasonably request for the purposes of (a) evidencing the accuracy of any of the representations and warranties of Seller and Parent; (b) evidencing the performance by either Seller
or Parent, or the compliance by either Seller or Parent with, any covenant or obligation required to be performed or complied with by them; (c) evidencing the satisfaction of any condition referred to in this Section 7; or
(d) otherwise facilitating the consummation or performance of any of the transactions contemplated herein. 
 7.5 No
Proceedings. There must not have been commenced or Threatened against Buyer, or against any Person affiliated with Buyer, any Proceeding (a) involving any challenge to, or seeking Losses or other relief in connection with, any of the
transactions contemplated herein, or (b) that may have the effect of preventing, delaying, making illegal, or otherwise interfering with any of the transactions contemplated herein. 
 7.6 No Prohibition. Neither the consummation nor the performance of any of the transactions contemplated herein will,
directly or indirectly (with or without notice or lapse of time), materially contravene or conflict with, or result in a material violation of, or cause Buyer or any Person affiliated with Buyer to suffer any material adverse consequence under,
(a) any applicable Legal Requirement or Order; or (b) any Legal Requirement or Order that has been published, introduced or otherwise proposed by or before any Governmental Body. 
 7.7 Due Diligence. Buyer shall have completed its due diligence investigation of Seller and the Business on or before
June 30, 2007, with the results of such investigation being satisfactory to Buyer, in its sole discretion. 
 8.
CONDITIONS PRECEDENT TO SELLER’S OBLIGATION TO CLOSE. Seller’s obligation to
consummate the transactions contemplated herein and to take the other actions required to be taken by Seller at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived
by Seller, in whole or in part): 
 8.1 Accuracy of Representations. All of the representations and warranties of
Buyer and Guarantor in this Agreement (considered collectively), and each of these representations and warranties (considered individually), must be accurate in all material respects as of the Closing Date. 
 8.2 Buyer’s Performance. All of the covenants and obligations that Buyer and Guarantor are required to perform or to
comply with pursuant to this Agreement at or prior to the Closing (considered collectively), and each of these covenants and obligations (considered individually), must have been performed and complied with in all material respects. 
  

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 8.3 Consents. Each of the Consents identified on Schedule 5.2(b) must
have been obtained and must be in full force and effect. 
 8.4 Other Documents. Seller must have received such
other documents as Seller may reasonably request for the purpose of (a) evidencing the accuracy of any representation or warranty of Buyer or Guarantor; (b) evidencing the performance by either Buyer or Guarantor of, or the compliance by
Buyer or Guarantor with, any covenant or obligation required to be performed or complied with by Buyer or Guarantor; (c) evidencing the satisfaction of any condition referred to in this Section 8; or (d) otherwise facilitating the
consummation of any of the transactions contemplated herein. 
 8.5 No Proceedings. There must not have been
commenced or Threatened against Seller, or against any Person affiliated with Seller, any Proceeding (a) involving any challenge to, or seeking damages or other relief in connection with, any of the transactions contemplated herein; or
(b) that may have the effect of preventing, delaying, making illegal or otherwise interfering with any of the transactions contemplated herein 
 8.6 Assumption of Leases and Assumed Liabilities and Release. Buyer must have assumed in writing all of the Facility Leases and the Assumed Liabilities and obtained Seller’s or Parent’s release from the
Facility Leases, or in lieu of any such release which cannot be obtained at Closing, provided Buyer’s and Guarantor’s indemnification of Seller and Parent from any liabilities accruing after the Closing Date. 
 9. TERMINATION. 
 9.1 Termination Events. This Agreement, by notice given prior to or at the Closing, may be terminated: 
 (a) by either Buyer or Seller if a breach of any provision of this Agreement has been committed by the other Party and such breach has not been waived; 
 (b) (1) by Buyer if any of the conditions in Section 7 has not been satisfied as of the Closing Date or if satisfaction of such
a condition is or becomes impossible (other than through the failure of Buyer to comply with its obligations under this Agreement) and Buyer has not waived such condition on or before the Closing Date; or (2) by Seller and Parent, if any of the
conditions in Section 8 has not been satisfied as of the Closing Date or if satisfaction of such a condition is or becomes impossible (other than through the failure of Seller or Parent to comply with their obligations under this Agreement) and
Seller and Parent have not waived such condition on or before the Closing Date; 
 (c) by mutual consent of Buyer, Seller and
Parent; or 
 (d) By the Seller, subject to compliance with Section 6.9, or by the Buyer, if the Seller or Parent’s
Board of Directors determines to accept a Superior Proposal (with such termination becoming effective upon the Seller entering into a binding written agreement with respect to such Superior Proposal on or before November 23, 2007); or

  

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 (e) by any of Buyer, Seller, Parent or Guarantor if the Closing has not occurred (other
than through the failure of any party seeking to terminate this Agreement to comply fully with its obligations under this Agreement) on or before July 8, 2007, or such later date as the Parties may agree upon in writing. 
 9.2 Effect of Termination. Each Party’s right of termination under Section 9 is in addition to any other rights it may have under
this Agreement or otherwise, and the exercise of a right of termination will not be an election of remedies. If this Agreement is terminated pursuant to Section 9.1, all further obligations of the Parties under this Agreement will terminate,
except that the obligations in Sections 12.4 and 12.5 will survive; provided that, if this Agreement is terminated by a Party because of the breach of the Agreement by the other Party or because one or more of the conditions to the terminating
party’s obligations under this Agreement is not satisfied as a result of the other Party’s failure to comply with its obligations under this Agreement, the terminating Party’s right to pursue all legal remedies will survive such
termination unimpaired. The Parties furthermore agree that if this Agreement shall be terminated by either the Seller or the Buyer pursuant to Section 9.1(d); then the Seller shall be obligated to pay to the Buyer an amount equal to the
Termination Fee within two Business Days of such termination, which shall serve as Buyer’s exclusive remedy under this Agreement or otherwise. 
 10. DELIVERIES AND ACTIONS TO BE TAKEN AT CLOSING. 
 10.1 Deliveries by Seller and Parent. At the Closing, Seller and Parent shall deliver to Buyer (duly executed where appropriate):

 (a) Seller’s Authority Certificate. A certificate from Seller in the form of Exhibit E,
dated as of the Closing Date, certified by the Secretary of Seller, attached to which are (1) a certified copy of the Articles of Organization of Seller; (2) a copy of Seller’s Operating Agreement; (3) copies of the resolutions
of the member and the board of directors of Seller approving this Agreement and the transactions contemplated thereby; and (4) an incumbency certificate of the Persons executing this Agreement or any other document delivered at the Closing on
behalf of Seller. 
 (b) Seller’s Compliance Certificate. A certificate in the form of Exhibit
G executed by an authorized officer of Seller certifying that (1)(A) the representations and warranties made by Seller in this Agreement that are qualified as to materiality are true, complete and accurate as of the date hereof and
(B) the representations and warranties that are not so qualified are true, complete and accurate in all material respects as of the date hereof; and (2) Seller has performed and complied, in all material respects, with all agreements,
obligations, covenants and conditions required by the Agreement to be so performed or complied with by Seller on or prior to the date hereof. 
 (c) Bill of Sale and Assignment. A Bill of Sale and Assignment for the Acquisition Assets in the form of Exhibit H. 
 (d) Opinion of Counsel. An Opinion of Counsel for Seller in the form of Exhibit I. 
  

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 (e) Possession of Acquisition Assets. Possession of all the Acquisition Assets, free of
the possession of all third Parties. 
 (f) Payment of Liens and Encumbrances. Confirmation that the
Encumbrances set forth on Schedule 4.30 have been paid or are being paid simultaneously with the Closing. 
 (g)
Consents; Terminations; Governmental Authorizations. Consents of Landlords for all leases assumed, and consents of all other Parties to the Contracts and Governmental Authorizations being assigned to and assumed by Buyer hereunder,
where such consent is required for the assumption of such Contracts and Governmental Authorizations, except where Buyer has waived delivery of such Consents as a condition of Closing. 
 (h) Change of Name. On or prior to the Closing Date, Seller have caused to be properly filed documents required to change
Seller’s name to a name which does not include “Quick Pak” or any name similar thereto including (i) an amendment to the Articles of Organization of Seller with the Secretary of State of the State of Ohio; and (ii) any
similar documents with the Secretaries of State of any other jurisdictions in which Seller is qualified to do business. Seller shall provide Buyer with duplicate originals of any such documents. Seller shall also properly file all other withdrawals
of assumed names in all jurisdictions in which Seller has filed assumed name certificates or such comparable documents in recognition of the sale and assignment of Seller’s name to Buyer and Seller’s agreement not to hereafter use the name
“Quick Pak,” or any other Marks of Seller. 
 10.2 Deliveries by Buyer. At the Closing, Buyer shall
deliver to Seller and Parent (duly executed where appropriate): 
 (a) Buyer’s Authority Certificate. A
certificate from Buyer in the form of Exhibit H, dated as of the Closing Date, certified by the Secretary of Buyer, attached to which are (1) a certified copy of the Articles of Incorporation (or such other appropriate
organizational documents as applicable) of Buyer; (2) a copy of the bylaws or other appropriate organizational documents of Buyer; (3) copies of the resolutions of the board of directors of Buyer approving this Agreement and the
transactions contemplated thereby; and (4) an incumbency certificate of the Persons executing this Agreement or any other document delivered at the Closing on behalf of Buyer. 
 (b) Buyer’s Compliance Certificate. A certificate in the form of Exhibit K executed by the Chief
Executive Officer of Buyer certifying that (1)(A) the representations and warranties made by Buyer in this Agreement that are qualified as to materiality are true, complete and accurate as of the date hereof and (B) the representations and
warranties that are not so qualified are true, complete and accurate in all material respects as of the date hereof; and (2) Buyer has performed and complied, in all material respects, with all agreements, obligations, covenants and conditions
required by the Agreement to be so performed or complied with by Buyer on or prior to the date hereof. 
 (c) Purchase
Price. Payment of the Purchase Price in the form required by Section 2.5. 
  

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 (d) Consents. All Consents required pursuant to Section 5.2(b).

 10.3 Leases. At the Closing, Buyer, Seller and Parent, as the case may be, shall execute and deliver the
Assignment and Assumption of Leases in the form of Exhibit L-1 and Exhibit L-2. 
 10.4 Assumption
Agreement. At the Closing, Buyer, Guarantor, Seller and Parent, as the case may be, shall execute and deliver the Assumption Agreement in the form of Exhibit B. 
 10.5 Marketing Agreement. At the Closing, Buyer and Parent shall execute and deliver the Marketing Agreement in the form of
Exhibit E. 
 10.6 Escrow Agreement. At the Closing, Buyer, Guarantor, Seller and Parent shall execute and
deliver the Escrow Agreement in the form of Exhibit C. 
 10.7 Transition Services Agreement. At
the Closing, Buyer, Seller and Parent shall execute and deliver the Transition Services Agreement in the form of Exhibit M. 
 11. INDEMNIFICATION; REMEDIES. 
 11.1 Survival; Right to
Indemnification. The representations and warranties of the Parties set forth in this Agreement, and the right to recover and bring a claim for indemnity for breach thereof, shall survive the Closing Date and the consummation of the
transactions contemplated hereby for the periods specified below. Notwithstanding the foregoing, no Party shall be entitled to recover for any Loss pursuant to Section 11.2 or Section 11.3 unless such Party shall have delivered to the
Indemnifying Party written notice of a claim in respect thereof pursuant to Section 11.4, prior to the first anniversary of the Effective Time; provided, however, this Section 11.1 shall not limit any (i) covenant or agreement of the
Parties which by its terms contemplates performance after the Effective Time or the bringing of any cause of action or claim based upon or arising out of a breach thereof, (ii) any claim for indemnification based on (A) breach of a
representation or warranty contained in Sections 4.16 and 4.29, which can be brought at any time within 60 days after expiration of the applicable statute of limitations, (B) breach of a representation or warranty contained in Sections 4.1,
4.7(a), 4.30, 5.1 and 5.2(a) for which there shall be no time limit for the bringing of any such claim, or (C) any claim or Action to recover any Loss that resulted from any fraudulent acts, for which there shall be no time limit for the
bringing of any such claim or Action; provided further, that if there is an outstanding notice of a claim at the end of any such period of survival, such applicable period shall not end in respect of such claim until such claim is finally resolved.
Except as expressly set forth in this Agreement, all covenants made by the Parties herein shall continue to be enforceable following the Closing Date in accordance with their terms. 
 11.2 Indemnification and Payment of Damages By Seller and Parent. Subject to the limitations set forth in this
Section 11, Seller and Parent, jointly and severally, shall indemnify, defend and hold harmless Buyer and its directors, officers, shareholders, Affiliates and successors and assigns (“Buyer Indemnitees”) from, and shall pay to the
Buyer Indemnitees the amount of, all actual damages, costs and expenses (including reasonable attorneys’ fees) 

  

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(collectively, “Losses” and, individually, a “Loss”) which the Buyer Indemnitees shall suffer, sustain or become subject to by virtue of
or which arise out of or result from: 
 (a) any inaccuracy in or breach of any representation or warranty made by Seller or
Parent in this Agreement, in each case, without regard to any qualification contained in any such representation or warranty as to materiality or Adverse Effect (for purposes of determining the amount and extent of Losses); 
 (b) any breach by Seller or Parent of any covenant, agreement or obligation of Seller or Parent in this Agreement; 
 (c) any product shipped or fabricated by, or any services provided by, Seller prior to the Closing; 
 (d) the Excluded Assets and the Retained Liabilities, including Seller’s or Parent’s failure to pay, perform or discharge any
such Excluded Liabilities as and when due; and/or 
 (e) extraordinary wear and tear or necessary repairs to the Personal
Property. 
 11.3 Indemnification By Buyer and Guarantor. Subject to the limitations set forth in this
Section 11, Buyer and Guarantor, jointly and severally, shall indemnify, defend and hold Seller, Parent and each of their respective directors, officers, shareholders, members, managers, Affiliates, successors and assigns (“Seller
Indemnitees”) harmless from, and will pay to the Seller Indemnitees the amount of, any Loss which the Seller Indemnitees shall suffer, sustain or become subject to by virtue of or which arise out of or result from: 
 (a) any inaccuracy in or breach of any representation or warranty made by Buyer in this Agreement, in each case, without regard to any
qualification contained in any such representation or warranty as to materiality or Adverse Effect (for purposes of determining the amount and extent of Losses); 
 (b) any breach by Buyer of any covenant, agreement or obligation of Buyer in this Agreement; and 
 (c) any claim, demand or Proceeding made or brought against Seller or Parent resulting from Buyer’s operation of the Business or ownership or use of the Acquisition Assets after the Closing Date. 
 11.4 Indemnity Claims. 
 (a) Notification of Claims. If any claim (“Claim”) is hereafter asserted by a party hereto as to which such party may be entitled to indemnification hereunder, such party (“Indemnitee”) shall,
in writing, notify the party required by the terms of this Agreement to indemnify the Indemnitee (“Indemnifying Party”) thereof (“Claims Notice”) within thirty (30) days after (1) receipt of written notice of
commencement of any third-party litigation against such Indemnitee; (2) receipt by such Indemnitee of written notice of any third-party claim pursuant to an invoice, notice of claim or assessment against such Indemnitee; receipt of an 

  

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Order or notice from any Governmental Body; or (3) such Indemnitee becomes aware of the existence of any other event in respect of which indemnification
may be sought from the Indemnifying Party. The Claims Notice shall describe the Claim and the specific facts and circumstances in reasonable detail, shall include a copy of the notice referred to in (1) and (2), above, shall indicate the
amount, if known, or an estimate, if possible, of damages that have been or may be incurred or suffered, and shall state the name of the executive who shall represent the Indemnitee in the arbitration provided for in Section 12.1. 

(b) Defense of Third Party Claim by Indemnifying Party. The Indemnifying Party may, at any time, elect to defend or
compromise any Claim by a third party (“Third Party Claim”), at its own expense and in its sole discretion and by its own counsel, who shall be reasonably acceptable to the Indemnitee. The election by the Indemnifying Party to defend or
compromise a claim shall constitute an avowal by the Indemnifying Party that the Indemnifying Party is obligated to indemnify the Indemnitee with respect to such claim. The Indemnitee may participate, at its own expense, in the defense of any Claim
assumed by the Indemnifying Party. Without the approval of the Indemnitee, which approval shall not be unreasonably withheld or delayed, the Indemnifying Party shall not agree to any compromise of a Claim defended by the Indemnifying Party which
would impose upon the Indemnitee injunctive or other equitable relief. 
 (c) Assumption of Defense by
Indemnitee. Notwithstanding the foregoing, if an Indemnitee determines in good faith and reasonable judgment that there is a reasonable probability that a Proceeding may adversely and materially affect it or its Affiliates other than as a
result of monetary damages for which it would be entitled to indemnification under this Agreement, the Indemnitee may, by notice to the Indemnifying Party, assume the exclusive right to defend, compromise or settle such Proceeding, but the
Indemnifying Party will not be bound by any determination of a Proceeding so defended or any compromise or settlement effected without its prior written consent (which may not be unreasonably withheld or delayed). 
 (d) Defense of Claim by Indemnitee. If, within thirty (30) days of the Indemnifying Party’s receipt of a Claim
Notice involving a Third Party Claim, the Indemnifying Party shall not have notified the Indemnitee of its election to assume the defense, the Indemnitee shall have the right to assume control of the defense or compromise of such Claim and the
reasonable costs and expenses of such defense, including costs of investigation and reasonable attorneys’ fees, shall be added to the Claim. If the Indemnitee assumes control of the defense or compromise of a Claim under this
Section 11.4(d), the Indemnitee shall have the right to compromise such Claim without the consent of the Indemnifying Party. 
 (e) Cooperation of Parties. The party assuming the defense of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s defense of and compromise
efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the Parties to this Agreement shall cooperate with each other and make available to each other
and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in
accordance with Section 11.4(a) shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 or 11.3, 

  

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as the case may be, but only to the extent the Indemnifying Party establishes by competent evidence that it or he is or has been materially and adversely
prejudiced thereby. 
 (f) Non Third Party Claims. If the Claim for Losses does not arise from a Third Party
Claim, the Indemnifying Party shall have thirty (30) days after receipt of notice of such Claim from the Indemnitee to object to such Claim by giving notice to the Indemnitee specifying the reasons for such objection or objections. If the
Indemnifying Party has not so objected to the Claim as of the close of business on such thirtieth day, the total amount of the Claim shall thereupon become chargeable to and payable by the Indemnifying Party in accordance with the terms and
conditions of this Section 11. If the Indemnifying Party objects timely to the Claim and the Indemnifying Party and the Indemnitee(s) are unable to settle any such dispute regarding such Claim, the Parties shall resolve such dispute by
arbitration as set forth in Section 12.1. 
 11.5 Limitations on Indemnification. Notwithstanding the
provisions of Section 11.2 or 11.3 to the contrary: 
 (a) Maximum Liability. Notwithstanding any other
provision of this Agreement to the contrary, the Buyer Indemnitees’ right to indemnification for any Losses pursuant to Section 11.2, shall not exceed $1,000,000 (the “Cap”); provided, however, the Cap shall not apply with
respect to Losses arising from, in connection with, or relating to any of the following matters: (i) a breach by the Seller or Parent of any representation or warranty contained in Sections 4.1 (Organizational Status) or 4.7(a) (Authorization
of Transaction); (ii) a post-closing breach of any covenant by Seller or Parent which Seller or Parent is required to perform pursuant to the terms of this Agreement; or (iii) fraud or misrepresentation of a material fact for which the
maximum amount of liability shall be the Purchase Price. Similarly, notwithstanding any other provision of this Agreement to the contrary, the Seller Indemnitees’ right to indemnification for any Losses pursuant to Section 11.3, shall not
exceed the Cap; provided, however, the Cap shall not apply with respect to Losses rising from, in connection with, or relating to any of the following matters (i) a breach by the Buyer of any representation or warranty contained in Sections 5.1
(Organizational Status) or 5.2(a) (Authorization of Transaction); (ii) a post-closing breach of any covenant by Buyer which Buyer is required to perform pursuant to the terms of this Agreement; or (iii) fraud or misrepresentation of a
material fact for which the amount of the maximum liability of Buyer shall be the Purchase Price. 
 (b) Basket
Amount. Notwithstanding anything contained in this Agreement to the contrary, the Buyer Indemnitees’ shall have no right to indemnification for any Losses pursuant to Section 11.2 unless and until the aggregate amount of all such
Losses incurred by the Buyer Indemnitees, exceeds $100,000 (the “Basket Amount”), and then only to the extent of such excess; provided, the foregoing limitation shall not apply with respect to Losses arising from, in connection with, or
relating to: (i) a breach by the Seller or Parent of any representation or warranty contained in Sections 4.1 (Organizational Status) or 4.7(a) (Authorization of Transaction); (ii) a breach of any covenant by Seller or Parent which is
required pursuant to the terms of this Agreement; or (iii) fraud or misrepresentation of a material fact. Similarly, notwithstanding anything contained in this Agreement to the contrary, the Seller Indemnitees shall have no right to
indemnification for any Losses pursuant to Section 11.3 unless and until the aggregate amount of all such Losses incurred by the Seller Indemnitees exceeds the Basket 

  

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Amount, and then only to the extent of such excess; provided, the forgoing limitation shall not apply with respect to Losses arising from, in connection
with, or relating to (i) a breach by the Buyer of any representation or warranty contained in Sections 5.1 (Organizational Status) or 5.2(a) (Authorization of Transaction); or (ii) a breach of any covenant by Buyer which is required
pursuant to the terms of this Agreement; or (iii) fraud or misrepresentation of a material fact. 
 (c) Certain
Defenses. 
 (1) If Buyer makes any Claim for indemnification against Seller or parent arising under
Section 4.31, Seller and Parent shall be entitled to assert all defenses that constitute a defense to any action brought under section 10 of the Securities Exchange Act of 1934, section 12(2) of the Securities Act of 1933 and common law fraud.

 (2) Seller and Parent shall be entitled to assert the defense to any Claim for indemnification that Buyer had
Knowledge of the facts giving rise to such Claim for indemnification prior to the Closing Date. 
 (d) Actual
Out-of-Pocket Loss. Any Buyer Indemnitees and any Seller Indemnitees shall be entitled to indemnification hereunder only for actual out-of-pocket Losses arising from the claim for which indemnification is otherwise required hereunder and not
for any theoretical loss in value. 
 11.6 Insurance Proceeds. Any claim for indemnity pursuant to this
Section 11 shall be reduced by any insurance proceeds or other recovery actually received or receivable by the Indemnitee. Any claim for which insurance is available and normally covered in the ordinary course of business shall be submitted to
such insurance company for coverage. In the event that an insurance or other recovery is made by Buyer with respect to any Loss for which any such Person has been indemnified hereunder, then a refund equal to the aggregate amount of the recovery
(net of all direct collection expenses) shall be made promptly to the Seller or Parent. 
 11.7 Tax Benefits. The
amount of Losses that an Indemnifying Party is obligated to pay the Indemnitee shall be reduced by any Tax benefit realized by the Indemnitee as a result of such Claim for indemnification or other reason. 
 11.8 Payment from Escrow Account. Subject to the other provisions contained in this Section 11, any Claims for Losses by the Buyer
Indemnitiees shall be first presented to the escrow agent serving under the Escrow Agreement for payment, and only after either the expiration of the Escrow Agreement or exhaustion of the Escrow Amount, to the Seller or Parent for payment.

 11.9 Sole and Exclusive Remedy. The indemnification provided under this Section 11 shall constitute the sole and
exclusive remedy of Buyer, Guarantor, Seller and Parent subsequent to the Closing for any Loss sustained by Buyer, Seller or Parent arising under this Agreement other than Losses arising from Claims based upon fraud or fraudulent misrepresentation.

  

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 11.10 Payments Deemed Purchase Price Adjustments; No Punitive Damages. All
indemnification payments under this Section 11 shall be deemed to be adjustments to the consideration received by Seller in connection with this Agreement. Notwithstanding anything to the contrary contained herein, no punitive damages shall be
imposed pursuant to this Agreement except in the case of fraud or fraudulent misrepresentation. No Party shall be liable to any other Party for any consequential, special or exemplary damages, including loss of future revenue or income, or loss of
business reputation or nonperformance or alleged nonperformance of this Agreement, unless such Losses result from a Claim based on fraud or intentional misconduct. 
 12. MISCELLANEOUS PROVISIONS. 
 12.1
Arbitration. 
 (a) If any dispute under this Agreement arises and the Parties are unable to resolve such
dispute, the unresolved matter shall be resolved by arbitration if a party requests arbitration by making a written demand for arbitration to the other Party or Parties. The arbitration proceedings shall be conducted in accordance with the CPR Rules
for Non-Administered Arbitration of Business Disputes, or if the Parties so agree, the relevant rules of another arbitration organization. In any case, regardless of any rules of the selected arbitration organization to the contrary, only one
arbitrator shall be used to decide the outcome of the arbitration. Such arbitration shall be held in Cincinnati, Ohio, or if the Parties agree upon another location, that other location. The arbitration shall be governed by the United States
Arbitration Act, 9 U.S.C. §§1-16. 
 (b) The Parties shall have the right of discovery in accordance with the
Federal Rules of Civil Procedure except that discovery may commence immediately upon the service of the demand for arbitration. A party’s unreasonable refusal to cooperate in discovery shall be deemed to be refusal to proceed with arbitration
and, until an arbitrator has been designated, the Parties may enforce their rights (including the right of discovery) in the courts. Such enforcement in the courts shall not constitute a waiver of a party’s right to arbitration. Upon his or her
appointment, the arbitrator shall have the power to enforce the Parties’ discovery rights. 
 (c) The Parties shall be
bound by the decision of the arbitrator and accept his or her decision as the final determination of the matter in dispute. The prevailing party shall be entitled to enter a judgment in any court upon any arbitration award made pursuant to this
Section 12.1. The arbitrator or arbitrators shall award the costs and expenses of the arbitration, including reasonable attorneys’ fees, disbursements, arbitration expenses, arbitrators’ fees and the administrative fee of the
arbitration organization, to the prevailing party as shall be determined by the arbitrator. 
 12.2 Amendment;
Waiver. This Agreement, and the Exhibits and Schedules hereto, may be amended, modified or superseded only by a written instrument signed by all of the Parties to this Agreement. No party shall be deemed to have waived compliance by another
party of any provision of this Agreement unless such waiver is contained in a written instrument signed by the waiving party and no waiver that may be given by a party will be applicable except in the specific instance for which it is given. The
failure of any party to enforce at any time any of the provisions of this Agreement or to exercise any right or option contained in this Agreement or to 

  

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require at any time performance of any of the provisions of this Agreement, by any of the other Parties shall not be construed to be a waiver of such
provisions and shall not affect the validity of this Agreement or any of its provisions or the right of such party thereafter to enforce each provision of this Agreement. No course of dealing shall operate as a waiver or modification of any
provision of this Agreement or otherwise prejudice such party’s rights, powers and remedies. 
 12.3 Limited
Assignment; Binding Effect. No party shall assign any of its rights or obligations under this Agreement without obtaining the prior consent of the other Parties to this Agreement, except that a party may assign any of its rights and
obligations under this Agreement without the prior consent of other Parties to any wholly-owned affiliate of the assigning party. No assigning party, Guarantor or the Buyer shall be relieved of its obligations arising under this Agreement. Subject
to the foregoing, all the provisions of this Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the Parties to this Agreement and their respective heirs, legal representatives, successors and assigns. 

12.4 Confidentiality of Certain Information. 
 (a) Non-Disclosure. The Parties and their respective agents and employees shall hold and keep confidential all information
which is proprietary in nature and non-public or confidential, in whole or in part (the “Confidential Information”) which any of them may receive from any other party concerning such other party. Failure to mark any of the Confidential
Information as non-public, proprietary or confidential shall not affect its status as Confidential Information under the terms of this Agreement. Confidential Information shall not include any information in the possession of the receiving party
(1) that is developed by the such party in the Ordinary Course of Business without reference to and independent of any Confidential Information; (2) is learned from a third party not under any duty of confidence to the disclosing party; or
(3) becomes part of the public domain through no fault of the receiving party or any of its Affiliates, directors, officers, employees, agents, shareholders or other of its representatives. 
 (b) Non-Use. None of the Parties nor their respective directors, officers, employees, counsel, agents or other
representatives, without the prior consent of the disclosing party, disclose or use any such Confidential Information, in whole or in part, except in connection with the performance of the transactions described in this Agreement. Unless otherwise
required by law, none of the Parties shall disclose any Confidential Information acquired as a result of this Agreement to any Person or entity, other than its respective directors, officers, employees, counsel, agents and other representatives and
such other third Parties (such as bankers and lessors) with whom it must communicate to consummate the transactions described by this Agreement, all of whom must agree to keep the Confidential Information confidential. If the Closing does not occur,
each party will destroy or return, as requested by the disclosing party, to the disclosing party all copies of documents that contain that Party’s Confidential Information. 
 12.5 Confidentiality of Agreement. Unless otherwise required by law, no Party shall disclose either the terms or existence of
this Agreement to any Person other than a Party’s counsel and its other representatives or such other third parties with whom it must communicate to consummate the transactions described in this Agreement; provided however, the Parties 

  

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acknowledge and agree that Seller and Parent must and may file a copy of this Agreement with its filings with the SEC. 
 12.6 Construction and Interpretation of Agreement. 
 (a) Section titles or captions in this Agreement are included for purposes of convenience only and shall not be considered a part of the
Agreement in construing or interpreting any of its provisions. All references in this Agreement to Sections shall refer to Sections of this Agreement unless the context clearly otherwise requires. 
 (b) When used in this Agreement, the word “including” shall have its normal common meaning and any list of items that may follow
such word shall not be deemed to represent a complete list of the contents of the referent of the subject. 
 (c) The Parties
have participated jointly in the negotiation and drafting of this Agreement. If any ambiguity or question of intent or interpretation arises, no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any of the provisions of this Agreement. 
 (d) Unless the context otherwise requires, when used in this Agreement, the
singular shall include the plural, the plural shall include the singular and all nouns, pronouns and any variations thereof shall be deemed to refer to the masculine, feminine or neuter, as the identity of the Person or Persons may require.

 (e) The Parties do not intend that this Agreement shall confer on any third party any right, remedy or benefit or that any
third party shall have any right to enforce any provision of this Agreement. 
 12.7 Counterparts. This Agreement
may be executed in one or more counterparts, each of which shall be deemed to be an original copy of this Agreement and all of which, when taken together, shall be deemed to constitute one and the same agreement. 
 12.8 Entire Agreement. This Agreement, together with the Exhibits and Schedules hereto, embodies the entire agreement and
understanding of the Parties related to its subject matter and supersedes all prior proposals, understandings, agreements, correspondence, arrangements and contemporaneous oral agreements relating to subject matter of this Agreement. No
representation, promise, inducement or statement of intention has been made by any party which has not been embodied in this Agreement. 
 12.9 Exclusive Forum. Any action to enforce any provision of this Agreement shall be instituted exclusively in the United States District Court for the Southern District of Ohio or, if such Court does not have
jurisdiction to adjudicate such action, in the courts of the State of Ohio located in Hamilton County, Ohio. The Parties irrevocably and unconditionally waive, to the fullest extent permitted by law, and shall not plead any objection that they may
now or hereafter have to the jurisdiction of such courts over the Parties, the laying of venue or the convenience of the forum of any action related to this Agreement that is brought in the United States District Court for the Southern District of
Ohio or in the Courts of the State of Ohio located in Hamilton County, Ohio. 
  

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 12.10 Exhibits and Schedules. All Exhibits and Schedules to this Agreement,
if any, shall constitute part of this Agreement and shall be deemed to be incorporated in this Agreement by reference and made a part of this Agreement as if set out in full at the point where first mentioned. The Parties intend that each
representation, warranty, covenant and obligation contained in this Agreement shall have independent significance. If any party has breached any representation, warranty, covenant or obligation contained in this Agreement in any respect, merely
because there exists another representation, warranty, covenant or obligation relating to the same subject matter (regardless of the relative levels of specificity) which the party has not breached shall not detract from or mitigate the party’s
breach of the first representation, warranty, covenant or obligation, except where the other party had actual knowledge of the subject matter that was not disclosed as to a particular representation or warranty. Nothing in the Exhibits or Schedules
shall be deemed adequate to disclose an exception to a representation, warranty or covenant made in this Agreement unless there is a specific Schedule referenced for identifying an exception to a particular representation, warranty or covenant, and
such Schedule identifies the exception with particularly and describes the relevant facts in detail. 
 12.11
Expenses. Except as otherwise expressly provided for in this Agreement, each party will bear its own expenses incurred in connection with the preparation, execution and performance of its obligations under this Agreement, including all
fees and expenses of agents, representatives, counsel and accountants. 
 12.12 Further Assurances. Each party
shall execute and deliver such additional documents or take such additional actions as may be requested by another party to this Agreement if such requested document or action is reasonably necessary to effect the transactions described in this
Agreement. 
 12.13 Governing Law. This Agreement shall be governed by, and shall be construed and enforced in
accordance with, the laws of the State of Ohio, without giving effect to any conflict of law rule or principle of such state. 
 12.14 Independent Contractor Relationship. Regarding all matters relating to this Agreement, this Agreement creates an independent contractor relationship among the Parties. Nothing contained in this Agreement
shall be construed to (a) give any party the power to direct and control the day-to-day activities of the other; (b) constitute the Parties as partners, joint venturers, co-owners or otherwise as participants in a joint or common
undertaking; or (c) constitute any party, its agents or employees as employees of any other party or grant any of them the power or authority to act for, bind or otherwise create or assume any obligation on behalf of any of the other Parties
for any purpose whatever. 
 12.15 No Public Announcement. No party shall make any press release or other public
announcement regarding this Agreement or the transactions described in this Agreement, unless such party is obligated by law or the rules of any stock exchange upon which its shares are traded to make such a disclosure. When a party determines that
it is obligated by law or the rules of a stock exchange to make such a disclosure, it shall notify all of the other Parties prior to such disclosure and all of the Parties shall cooperate to cause a mutually agreeable release or announcement to be
issued. Notwithstanding the forgoing, the Parties may publish a “tombstone” 

  

 -42- 

 
or similar announcement and Buyer acknowledges that Parent and Seller will make a public disclosure on or before the execution of this Agreement with the
SEC. 
 12.16 No Third Party Beneficiaries. This Agreement is not intended to, and shall not be construed to,
confer upon any third Person any right, remedy or benefit nor is it intended to be enforceable by any third Person, and shall only be enforceable by the Parties hereto, and their respective successors and permitted assigns. 
 12.17 Notices. All notices, requests, consents, approvals, waivers, demands and other communications required or permitted to
be given or made under this Agreement shall be in writing and shall be deemed delivered to the Parties on the (a) date of personal delivery or confirmed transmission by facsimile transmission; (b) second Business Day following the date of
delivery to a nationally recognized overnight courier service; or (c) third Business Day following the date of deposit in the United States Mail, postage prepaid, by certified mail, in each case, addressed as follows, or to such other address,
Person or entity as any party may designate by notice to the others in accordance herewith: 
  

							
	 If to Buyer:
	 		 		  	NFI-Quick Pak, LLC
		 		 		  	1515 Burnt Mill Road
		 		 		  	Cherry Hill, New Jersey 08003
		 		 		  	Attention: Frank Raschilla
		 		 		  	Facsimile: (856) 794-4595
				
	 With a copy to:
	 		 		  	Pelino & Lentz, P.C.
		 		 		  	One Liberty Place, 32nd Floor
		 		 		  	1650 Market Street
		 		 		  	Philadelphia, PA 19103-7393
		 		 		  	Attention: Barry H. Frank, Esquire
		 		 		  	Facsimile: (215) 665-1536
				
	 If to Guarantor:
	 		 		  	NFI-Interactive Logistics, LLC
		 		 		  	1515 Burnt Mill Road
		 		 		  	Cherry Hill, New Jersey 08003
		 		 		  	Attention: Frank Raschilla
		 		 		  	Facsimile: (856) 794-4595
				
	 With a copy to:
	 		 		  	Pelino & Lentz, P.C.
		 		 		  	One Liberty Place, 32nd Floor
		 		 		  	1650 Market Street
		 		 		  	Philadelphia, PA 19103-7393
		 		 		  	Attention: Barry H. Frank, Esquire
		 		 		  	Facsimile: (215) 665-1536
				
	 If to Seller:
	 		 		  	MCC-Quick Pak, LLC
		 		 		  	Summit Woods Corporate Center
		 		 		  	50 E-Business Way
		 		 		  	Sharonville, OH 45241

  

 -43- 

							
		 		 		  	Attention: Secretary
		 		 		  	Facsimile: (513) 345-1102
				
	 With a copy to:
	 		 		  	Greenebaum Doll & McDonald PLLC
		 		 		  	2900 Chemed Center
		 		 		  	255 East Fifth Street
		 		 		  	Cincinnati, OH 45202
		 		 		  	Attention: C. Christopher Muth
		 		 		  	Facsimile: (513) 455-8500
				
	 If to Parent:
	 		 		  	Multi-Color Corporation
		 		 		  	Summit Woods Corporate Center
		 		 		  	50 E-Business Way
		 		 		  	Sharonville, OH 45241
		 		 		  	Attention: Secretary
		 		 		  	Facsimile: (513) 345-1102
				
	 With a copy to:
	 		 		  	Greenebaum Doll & McDonald PLLC
		 		 		  	2900 Chemed Center
		 		 		  	255 East Fifth Street
		 		 		  	Cincinnati, OH 45202
		 		 		  	Attention: C. Christopher Muth
		 		 		  	Facsimile: (513) 455-8500

 12.18 Recovery of Expenses by Prevailing Party. The party prevailing in any civil
action, arbitration or other Proceeding shall be entitled to recover from the nonprevailing party, in addition to any damages the prevailing party may have been awarded, all reasonable expenses that the prevailing party may have incurred in
connection with such Proceeding, including accounting fees, attorneys’ fees and expert witnesses’ fees. 
 12.19 Severability
of Provisions. If a court in any Proceeding holds any provision of this Agreement or its application to any Person or circumstance invalid, illegal or unenforceable, the remainder of this Agreement, or the application of such provision to
Persons or circumstances other than those to which it was held to be invalid, illegal or unenforceable, shall not be affected and shall be valid, legal and enforceable to the fullest extent permitted by law, but only if and to the extent such
enforcement would not materially and adversely frustrate the Parties’ essential objectives as expressed in this Agreement. Furthermore, in lieu of any such invalid or unenforceable term or provision, the Parties intend that the court add to
this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be valid and enforceable, so as to effect the original intent of the Parties to the greatest extent possible. 
 12.20 Time of Essence. Time is of the essence to the performance of the obligations set forth in this Agreement. 

[SIGNATURE PAGE TO FOLLOW] 
  

 -44- 

 IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the date first written
above. 
  

			
	 MCC-QUICK PAK, LLC

		
	 By:
	 	 /s/ Francis D. Gerace

	 Name:
	 	 Francis D. Gerace

	 Title:
	 	 Chief Executive Officer

		 	 (“Seller”)

	
	 MULTI-COLOR CORPORATION

		
	 By:
	 	 /s/ Francis D. Gerace

	 Name:
	 	 Francis D. Gerace

	 Title:
	 	 Chief Executive Officer

		 	 (“Parent”)

 Signature page to Asset Purchase Agreement 
  

 -45- 

			
	 NFI - QUICK PAK, LLC

		
	 By:
	 	 /s/ Frank Raschilla

	 Name:
	 	 Frank Raschilla

	 Title:
	 	 EVP/CFO

		 	 (“Buyer”)

	
	 NFI INTERACTIVE LOGISTICS, LLC

		
	 By:
	 	 /s/ Frank Raschilla

	 Name:
	 	 Frank Raschilla

	 Title:
	 	 EVP/CFO

		 	 (“Guarantor”)

 Signature page to Asset Purchase Agreement 
  

 -46- 

 APPENDIX OF DEFINED TERMS 
 “Acquisition Assets” has the meaning set forth in Section 2.1. 
 “Acquisition
Balance Sheet” has the meaning set forth in Section 4.2. 
 “Acquisition Proposal” means (a) any proposal or
offer from any Person other than the Buyer or any of its Affiliates relating to any direct or indirect acquisition of all or substantially all of the assets or equity securities of Seller (b) any merger, consolidation or other business
combination involving Seller or (c) any recapitalization of Seller or similar transaction the result of which, as to events described in clauses (a), (b) or (c) would be to prohibit, impede or otherwise adversely affect the ability of
the Parties to close the transaction contemplated hereby. 
 “Adverse Effect” means any condition, change or event pertaining to the
customers, employees, or the business operations of the Seller (and excluding general economic conditions in the United States generally) that would materially and adversely affect the Business, operations, properties (including intangible
properties) or financial condition of Seller taken as a whole. 
 “Affiliate” means (1) a Person that, directly or indirectly,
through one or more intermediaries, controls or is controlled by, or is controlled by a Person that controls, such Person; (2) any trust or estate in which such Person has a beneficial interest or as to which such Person serves as a trustee or
in another fiduciary capacity; or (3) any spouse, parent or lineal descendent of such Person. As used in this definition, “control” means possession, directly or indirectly, of the power to direct or cause the direction of management
or policies, whether through ownership of securities, partnership or other ownership interests, by contract or otherwise. 
 “Agreement” means this Agreement, the Exhibits and the Schedules. 
 “Assumed Liabilities” has the
meaning set forth in Section 2.3. 
 “Assumption Agreement” has the meaning set forth in Section 2.3. 
 “Basket Amount” has the meaning set forth in Section 11.5(b). 
 “Benefit Plans” has the meaning set forth in Section 4.14(a). 
 “Best
Efforts” means taking or causing to be taken, any action, and to do, or cause to be done, things necessary, proper or advisable under applicable laws and regulations, each case in the exercise of commercially reasonable judgment and
diligence. 
 “Books and Records” has the meaning set forth in Section 4.8. 
 “Business” has the meaning set forth in the Recitals to this Agreement. 
 “Business Day” means a day of the year on which banks are not authorized to be closed in the City of New York. 
  

 -47- 

 “Buyer” has the meaning set forth in the preamble to this Agreement. 
 “Buyer Ancillary Documents” has the meaning set forth in Section 5.2(a). 
 “Buyer Indemnitees” has the meaning set forth in Section 11.2. 
 “Buyer’s
Consents” has the meaning set forth in Section 5.2(b). 
 “Cap” has the meaning set forth in Section 11.5(a).

 “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. 
 “Claim” has the meaning set forth in Section 11.4. 
 “Claims Notice” has the meaning set forth in Section 11.4(a). 
 “Cleanup” has the meaning set
forth in the definition of Environmental, Health and Safety Liabilities. 
 “Closing” has the meaning set forth in Section 3.

 “Closing Date” has the meaning set forth in Section 3. 
 “Closing Date Financial Statement” has the meaning set forth in Section 2.5. 
 “Computers” has the meaning set forth in Section 4.10(a). 
 “Confidential Information” has the
meaning set forth in Section 12.4(a). 
 “Contracts” has the meaning set forth in Section 2.1(g). 
 “Data and Records” has the meaning set forth in Section 2.1(h). 
 “Dollars”; “$” means lawful currency of the United States of America. 
 “Effective Date” has the meaning set forth in Section 3. 
 “Encumbrance” means any charge,
claim, community property, interest, condition, equitable interest, Lien, option, pledge, right of refusal, security interest or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other
attribute of ownership. 
 “Environment” means soil, land surface or subsurface strata, surface waters (including navigable waters,
ocean waters, streams, ponds, drainage basins and wetlands), groundwaters, drinking water supply, stream sediments, ambient air (including indoor air), plant and animal life and any other environmental medium or natural resource. 
  

 -48- 

 “Environmental, Health and Safety Liabilities” means any cost, damages, expense, liability,
obligation or other responsibility arising from or under Environmental Law or Occupational Safety and Health Law and consisting of or relating to: 
  

	 	1.	any environmental, health or safety matters or conditions (including on-site or off-site contamination, occupational safety and health and regulation of chemical substances or
products); 

  

	 	2.	fines, penalties, judgments, awards, settlements, legal or administrative Proceedings, damages, losses, claims, demands and response and investigative, remedial or inspection costs
and expenses arising under Environmental Law or Occupational Safety and Health Law; 

  

	 	3.	financial responsibility under Environmental Law or Occupational Safety and Health Law for Cleanup costs or corrective action, including any investigation, Cleanup, removal,
containment or other remediation or response actions (“Cleanup”) required by applicable Environmental Law or Occupational Safety and Health Law (whether or not such Cleanup has been required or requested by any Governmental Body or any
other Person) and for any natural resource damages; or 

  

	 	4.	any other compliance, corrective, investigative or remedial measures required under Environmental Law or Occupational Safety and Health Law. 

 The terms “removal,” “remedial” and “response action” include the types of activities covered by CERCLA and any equivalent
state law. 
 “Environmental Law” means any Legal Requirement that requires or relates to: 
  

	 	1.	advising appropriate authorities, employees and the public of intended or actual Releases of pollutants or hazardous substances or materials, violations of discharge limits or other
prohibitions and of the commencements of activities, such as resource extraction or construction, that could have significant impact on the Environment; 

  

	 	2.	preventing or reducing to acceptable levels the Release of pollutants or hazardous substances or materials into the Environment; 

  

	 	3.	reducing the quantities, preventing the Release or minimizing the hazardous characteristics of wastes that are generated; 

  

	 	4.	assuring that products are designed, formulated, packaged and used so that they do not present unreasonable risks to human health or the Environment when used or disposed of;

  

	 	5.	protecting resources, species or ecological amenities; 

  

 -49- 

	 	6.	reducing to acceptable levels the risks inherent in the transportation of hazardous substances, pollutants, oil or other potentially harmful substances; 

  

	 	7.	cleaning up pollutants that have been Released, preventing the threat of Release or paying the costs of such Cleanup or prevention; 

  

	 	8.	making responsible Parties pay private Parties, or groups of them, for damages done to their health or the Environment or permitting self-appointed representatives of the public
interest to recover for injuries done to public assets; or 

  

	 	9.	Occupational Safety and Health Law. 

 “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended. 
 “Escrow Agreement” has the meaning set forth in Section
2.5. 
 “Escrow Amount” “ has the meaning set forth in Section 2.5. 
 “Escrow Fund” “ has the meaning set forth in Section 2.5. 
 “Excluded Assets” has the meaning set forth in Section 2.2. 
 “Facilities” means any real property, leaseholds or other real property interests owned or leased by Seller or Parent and any buildings, plants, structures or equipment, that are owned or leased as of the Closing
Date. 
 “FMLA” has the meaning set forth in Section 4.15(d). 
 “Facility Leases” has the meaning set forth in Section 2.3(f). 
 “GAAP”
means Generally Accepted Accounting Principles. 
 “Governmental Authorizations” means any approval, consent, license, permit, waiver
or other authorization issued, granted, given or otherwise made available by or under the authority of any Governmental Body or pursuant to any Legal Requirement. 
 “Governmental Body” means any (1) nation, state, county, city, town, village, district or other jurisdiction of any nature; (2) federal, state, local, municipal, foreign or other governmental organization
or body; (3) governmental or quasi-governmental authority of any nature (including any governmental agency, branch, department, official or entity and any court or other tribunal); (4) multi-national organization or body; or (5) body
exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory or taxing authority or power of any nature. 
 “Guarantor” has the meaning set forth in the preamble to this Agreement. 
 “Guarantor Ancillary
Documents” has the meaning set forth in Section 5.4(a). 
  

 -50- 

 “Guarantor’s Consents” has the meaning set forth in Section 5.4(b). 
 “Hazardous Activity” means the distribution, generation, handling, importing, management, manufacturing, processing, production, refinement,
Release, storage, transfer, transportation, treatment or use (including any withdrawal or other use of groundwater) of Hazardous Materials in, on, under, about or from the Facilities or any part thereof into the Environment and any other act,
business, operation or thing that materially increases the danger, or risk of danger, or poses an unreasonable risk of harm to Persons or property on or off the Facilities, or that materially affects the value of the Facilities or Seller.

 “Hazardous Materials” means any waste or other substance that is listed, defined, designated or classified as, or otherwise
determined to be, hazardous, radioactive, toxic or a pollutant or a contaminant under or pursuant to any Environmental Law, including any admixture or solution thereof and specifically including petroleum and all derivatives thereof or synthetic
substitutes therefor and asbestos or asbestos-containing materials. 
 “Indemnitee” has the meaning set forth in
Section 11.4(a). 
 “Indemnifying Party” has the meaning set forth in Section 11.4(a). 
 “Insurance Proceeds” has the meaning set forth in Section 2.1(k). 
 “Intellectual Property” has the meaning set forth in Section 4.18(a). 
 “Inventories” has the meaning set forth in Section 2.1(d). 
 “IRC” means the Internal Revenue
Code of 1986, as amended. 
 “IRS” means the Internal Revenue Service. 
 “Knowledge” means, with respect to Buyer, the actual knowledge of any person holding executive offices of Buyer after reasonable investigation regarding the accuracy of the representations and
warranties. With respect to the Seller or Parent, “Knowledge” means the actual knowledge of Johan Pot, Duane Stalnaker, Mike Kava, or any person holding an executive office of Seller or Parent, in each case, after reasonable investigation
regarding the accuracy of the representations and warranties. 
 “Legal Requirement” means any applicable federal, state, local,
municipal, foreign, international, multinational or other administrative Order, constitution, law, ordinance, principle of common law, regulation, statute or treaty, the failure to comply with which would have an Adverse Effect. 
 “Liabilities” means any claim, obligation, expense or cost whether fixed, contingent, matured, unmatured, known or unknown, accrued or unaccrued.

 “Lien” means any lien, claim, Encumbrance, security interest, option, mortgage, mortgage note, deed of trust, easement, license,
leasehold interest, right of way, title defect, charge, restriction or right of any third party of any kind upon any properties or assets in which Seller has an interest. 
  

 -51- 

 “Loss” or “Losses” has the meaning set forth in Section 11.2. 
 “Marks” has the meaning set forth in Section 4.18(d). 
 “Note” has the meaning set forth in Section 2.5. 
 “Occupational Safety and Health Law” means
any Legal Requirement designed to provide safe and healthful working conditions and to reduce occupational safety and health hazards and any program, whether governmental or private (including those promulgated or sponsored by industry associations
and insurance companies), designed to provide safe and healthful working conditions. 
 “Order” means any award, decision,
injunction, judgment, unit, decree, subpoena or verdict entered, issued, as made or rendered by any court administration agency or other Governmental Body or by any arbitrator. 
 “Ordinary Course of Business” means conduct occurring in the usual and customary operation of the Business. 
 “Organizational Documents” for each party means a recent good standing certificate issued by each Secretary of State where such party is qualified to do business and (1) the charter, articles of incorporation
and by laws; or (2) the articles of organization and operating agreement. 
 “Other Assets” has the meaning set forth in
Section 2.1(n). 
 “Parent” has the meaning set forth in the preamble to this Agreement. 
 “Parent Financial Statements” has the meaning set forth in Section 4.2. 
 “Party” or “Parties” has the meaning set forth in the preamble to this Agreement. 
 “Patents” has the meaning set forth in Section 4.18(c). 
 “Person” means any individual,
corporation, partnership, limited liability company, firm, joint venture, association, joint-stock company, trust, unincorporated organization, governmental or regulatory body or other entity. 
 “Personal Property” has the meaning set forth in Section 2.1(c). 
 “Prepaid Expenses” has the meaning set forth in Section 2.1(m). 
 “Proceeding” means any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal, administrative, investigative or informal) commenced, brought, conducted or heard by or before,
or otherwise involving, a Governmental Body or arbitrator. 
 “Purchase Price” has the meaning set forth in Section 2.5.

 “Real Property” has the meaning set forth in Section 2.1(b). 
  

 -52- 

 “Receivables” has the meaning set forth in Section 2.1(e). 
 “Related Person” has the meaning set forth in section 267(b) of the IRC. 
 “Release” means any spilling, leaking, emitting, discharging, depositing, escaping, leaching, dumping or other releasing into the Environment, whether intentional or unintentional. 

“Retained Liabilities” has the meaning set forth in Section 2.4. 
 “SEC” means the Securities and Exchange Commission of the United States. 
 “Schedules” has the meaning set forth in Section 12.10. 
 “Seller” has the meaning set forth
in the preamble to this Agreement. 
 “Seller Agreements” has the meaning set forth in Section 4.27. 
 “Seller Ancillary Documents” has the meaning set forth in Section 4.7(a). 
 “Seller Financial Statements” has the meaning set forth in Section 4.2. 
 “Seller
Indemnitees” has the meaning set forth in Section 11.3. 
 “Seller’s Consents” has the meaning set forth in
Section 4.7(b). 
 “Software” has the meaning set forth in Section 4.10(b). 
 “Superior Proposal” means any Acquisition Proposal on terms that Seller or Parent determines, in its good faith judgment (after having received
advice from its outside legal counsel and its financial advisors), are significantly more favorable to the equity holders of Seller or Parent from a financial point of view than the terms of the transactions set forth in this Agreement,
provided that the Seller’s Board of Directors shall not so determine that any such proposal is a Superior Proposal prior to the time that is two Business Days after the time at which the Seller has complied in all material respects with
Section 6.9 with respect to such proposal. 
 “Marketing Agreement” has the meaning set forth in Section 10.5. 

“Tax” means any taxes, however denominated, including income tax, capital gains tax, value-added tax, sales tax, property tax, gift tax,
estate tax, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, sales, use, transfer, registration, alternative or add-on minimum, estimated or other tax of any kind whatsoever and any related
charge or amount (including any fine, penalty, interest or addition to tax), imposed, assessed or collected by or under the authority of any Governmental Body or payable pursuant to any tax-sharing agreement or any other arrangement relating to the
sharing or payment of any such tax, levy, assessment, tariff, duty, deficiency or fee, including any interest, penalty or addition thereto, whether disputed or not. 
 “Tax Returns” means any return (including any information return), report, declaration of estimated Taxes, statement, schedule, notice, form or other document or information filed with 

  

 -53- 

 
or submitted to, or required to be filed with or submitted to, any Governmental Body in connection with the determination, assessment, collection or payment
of any Tax or in connection with the administration, implementation or enforcement of or compliance with any Legal Requirement relating to any Tax. 
 “Termination Fee” an amount equal to US $750,000. 
 “Threatened” means any demand or statement made
in writing or any notice given in writing asserting a claim, Proceeding, dispute, action or other matter. 
 “Third Party Claim” has
the meaning set forth in Section 11.4(b). 
 “Trade Secrets” has the meaning set forth in Section 4.18(f). 
  

 -54-

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