Document:

EXHIBIT 10.1

                            ASSET PURCHASE AGREEMENT

      This ASSET PURCHASE AGREEMENT (the "Agreement") is made as of the 1st day
of April, 2002, by and between SOUTHWORTH INTERNATIONAL GROUP, INC., a Maine
corporation with a principal place of business in Falmouth, Maine (the "Buyer");
and PRESTO LIFTS, INC., a Rhode Island corporation with a principal place of
business in Pawtucket, Rhode Island (the "Seller").

                                   WITNESSETH:

       WHEREAS, the Seller is engaged in the business of, among other things,
manufacturing, and selling to material handling dealers and industrial
catalogues, lift tables, stackers, pallet trucks and related parts
(collectively, the "Seller's Business"); and

      WHEREAS, Seller desires to sell, and Buyer desires to purchase, the
Seller's Business and substantially all of the Seller's assets; and

      WHEREAS, the Seller is the debtor in the bankruptcy case (the Case")
bearing case number 02-11154 now pending before the United States Bankruptcy
Court for the District of Rhode Island (the "Court"); and

      WHEREAS, the Court has signed an Order dated March 30, 2002 (the "Order")
in the Case approving the sale of the Seller's Business and substantially all of
the Seller's assets to the Buyer on the terms set forth in this Agreement;

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein, and for other good, fair and valuable consideration, the
receipt, reasonable equivalency and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

                             ARTICLE 1. DEFINITIONS

      The following terms shall have the following meanings when used in this
Agreement:

      1.1  "Purchased Assets" means all right, title and interest in and to all
of the following assets of the Seller as of the Closing Date, including, without
limitation, those items listed on Schedule 1.1 attached hereto:

      (a)  all fixed and movable equipment, machinery, furniture, fixtures,
rolling stock, tools, tooling, accessories, parts, leasehold improvements,
computer equipment and hardware, computer software, and other tangible personal
property of the Seller used, intended to be used, or otherwise associated with,
the Seller's Business;

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      (b)  all inventories used, intended to be used, or otherwise related to
the Seller's Business including, without limitation, raw materials,
finished goods, work in process, parts, goods in transit, packaging and shipping
materials, supplies and accessories;

      (c) all leases of fixtures, tangible personal property and motor
vehicles, used by the Seller, and approved by Buyer on or before Closing,
and all rights of the Seller under such leases, except for such leases which by
their terms may not be assigned or transferred without the consent of the lessor
and for which the Seller does not obtain appropriate consents to allow the
transfer of its interest therein to Buyer;

      (d)  all outstanding purchase orders and sales orders, contracts or
agreements with customers of the Seller for the sale and distribution of goods
and/or services in connection with the Seller's Business (collectively, the
"Customer Orders"), and all purchase orders with vendors and suppliers in
connection with the Seller's Business;

      (e)  all license agreements, distributor agreements, franchise agreements,
service contracts, maintenance agreements, investments in buying co-ops and
other contracts, agreements and commitments, whether written or oral, to which
the Seller is a party and which are directly related, are used, are intended to
be used, or are related to or necessary for, the conduct of the Seller's
Business in the ordinary course and which may be transferred to Buyer, either by
their terms or for which the Seller has obtained the consent to such transfer
from all parties required to permit such transfer. Such shall include, without
limitation, all contracts, bids, proposals and offers for the sale of inventory
and all outstanding purchase orders and sales orders, and all rights of the
Seller under all of the foregoing (collectively, the "Contracts");

      (f)  all mailing, customer, vendor and supplier lists, names and addresses
of customers, vendors and suppliers, and all other information related to
customers, vendors and suppliers of the Seller in the Seller's Business,
including, but not limited to, sales and business records, invoices, research
and development files, and customer credit information;

      (g)  all files, books and records (including all employee records related
to the Seller's Business), whether written, on magnetic tapes, disks or other
media, and all essential business information wherever located;

      (h)  all approvals, permits, licenses, orders, registrations,
certificates, variances, exemptions and similar rights obtained from
governments, governmental agencies or third parties (to the extent assignable);

      (i)  the Seller's Intellectual Property (as defined below) used, intended
to be used, or related to the Seller's Business;

      (j)  all trade accounts receivable;

      (k)  all prepaid  expenses, accounts, and other receivables to the extent
the same may be assigned to the Buyer;

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      (l)  all good will associated with the Seller's Business; and

      (m)  all other assets of the Seller (other than leases of real estate)
used, or intended to be used, or related to, the Seller's Business, or required
to maintain the Seller's Business as a going concern.

      1.2  "Affiliate" means TBM Holdings, Inc. and any direct or indirect
subsidiary or affiliate of TBM Holdings, Inc.

      1.3  "Closing" means the delivery of the documents necessary to transfer
the Purchased Assets to the Buyer as provided in this Agreement.

      1.4  "Closing Date" means April 1, 2002.

      1.5  "Intellectual Property" means (a) all trade secrets and confidential
business information (including customer and supplier compositions,
manufacturing and production processes and techniques, technical data, designs,
engineering and other drawings, specifications, pricing and cost information,
and business and marketing plans and proposals), (b) all trademarks, service
marks, trade dress, logos, trade names, and corporate names, together with all
translations, adaptations, derivations, and combinations thereof and including
all goodwill associated therewith, and all applications, registrations, and
renewals in connection therewith, (c) all inventions (whether patentable or
unpatentable and whether or not reduced to practice), all improvements thereto,
and all patents, patent applications, and patent disclosures, together with all
reissuances, continuations, continuations-in-part, revisions, extensions, and
reexamination thereof, (d) all copyrightable works, all copyrights, and all
applications, registrations, and renewals in connection therewith, (e) all
computer software (including data and related documentation), (f) all other
proprietary rights, and (g) all copies and tangible and intangible embodiments
of any of the foregoing (in whatever form or medium).

      1.6  "Lender" means Bank One, NA, a national banking association.

      1.7  "Long Reach" means Long Reach, Inc., a corporation duly organized and
existing under the laws of the State of Delaware with its principal place of
business in Houston, Texas.

      1.8  "Person" means an individual, a partnership, a corporation, an
association, a joint stock company, a limited liability company or partnership,
a trust, a joint venture, an unincorporated organization, or a governmental
entity (or any department, agency, or political subdivision thereof).

      1.9  "Purchase Price" means the sum of Four Million and 00/100 Dollars
($4,000,000.00), as the same may be adjusted pursuant to Section 2.2 of this
Agreement.

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                          ARTICLE 2. PURCHASE AND SALE

       2.1  Purchase and Sale of Assets. Upon and subject to the terms and
conditions of this Agreement, the Buyer agrees to purchase from the Seller, and
the Seller agrees to sell to the Buyer, the Purchased Assets. At the Closing,
the Seller will transfer the Purchased Assets to the Buyer, free and clear of
all liens, security interests, claims, charges, encumbrances and interests as
provided and authorized in the Order.

      2.2  Purchase Price. Subject to the adjustments set forth in this Section
2.2, the Buyer agrees to pay the Purchase Price to the order of the Lender at
the Closing for the Purchased Assets. The amount of the Purchase Price shall be:
(a) decreased by of the total of all payments upon the Seller's trade accounts
receivable received by the Seller or by the Lender, during the period from and
including March 25, 2002 through and including March 29, 2002; and (b) increased
by the amount of all new accounts receivable created through shipments made in
the ordinary course of business during that period. All payments upon trade
accounts receivable received by the Seller or the Lender on or before March 29,
2002 shall not be included in the Purchased Assets. All such payments received
after March 29, 2002 shall be included in the Purchased Assets and the Seller
and the Lender will immediately forward any payments that they, or either of
them, receive on or after that date to the Buyer. The Purchase Price, as so
adjusted, shall be paid by wire transfer to the Lender in Dallas, Texas, in
immediately available funds, pursuant to wire instructions provided by the
Lender to the Buyer.

      2.3  The Closing. The Closing shall take place at the offices of the
Buyer's counsel and the Seller's counsel on or before the Closing Date at such
time as the Seller and the Buyer may mutually determine. In no event shall the
Closing occur later than the Closing Date unless the parties hereto otherwise
mutually agree in writing.

      2.4  Deliveries at the Closing. At the Closing, the Seller, as the
debtor-in possession in the Case, will deliver to the Buyer:

      a.  A Bill of Sale (the "Bill of Sale") in the form attached as Schedule
2.4 hereto;

      b.  All other documents which shall be necessary and sufficient to vest in
the Buyer all of the Seller's right, title and interest in and to the Purchased
Assets; and

      c.  All other documents necessary and sufficient to permit the Buyer to
file and/or record evidence of the transfer of the Purchased Assets in any
offices where such may be required to perfect or provide notice of that
conveyance.

                    ARTICLE 3. REPRESENTATIONS AND WARRANTIES
                                    OF SELLER

      Except as otherwise explicitly set forth in this Agreement, or in the
agreement referenced in Section 6.9 of this Agreement, the sale of the Purchased
Assets to the Buyer is "AS-IS, WHERE-IS" and the Seller makes no warranties,
express or implied, in connection with the Purchased Assets or its sale of the
same to the Buyer. Without limiting the generality of the

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foregoing, the Seller hereby DISCLAIMS ANY WARRANTY OF MERCHANTABILITY OR
OF FITNESS FOR A PARTICULAR PURPOSE with respect to the Purchased Assets or its
sale of the same to the Buyer.

                ARTICLE 4. NO ASSUMPTION OF LIABILITIES BY BUYER

      Except as may otherwise be explicitly provided in this Agreement, Buyer
shall not assume any debts, liabilities, or obligations of the Seller of any
nature, whether present or future, fixed or contingent, disclosed or
undisclosed, including, but not limited to, any and all liabilities for any
claims, debts, defaults, warranties, or duties of the Seller of any kind.

                             ARTICLE 5. TERMINATION

      5.1 Termination. If the Closing has not occurred on or before 5:00 p.m.,
EST, on April 1, 2002, or such other date as the parties shall mutually approve
in writing, the Seller and the Buyer shall each be entitled to terminate this
Agreement and shall have no further liability hereunder of any kind whatsoever.

            ARTICLE 6. CONDITIONS OF CLOSING FOR THE BENEFIT OF BUYER

       The obligation of Buyer to consummate the transactions contemplated
hereunder is subject to the satisfaction as of the Closing Date of each of the
following conditions:

       6.1  Obligations Performed. The Seller shall have performed its
obligations hereunder.

       6.2  Delivery of Transfer Instrument. The Seller shall have complied with
Section 2.4.

       6.3  Legal Matters. All actions, proceedings, instruments, documents and
legal matters required to carry out this Agreement, or as may be incidental
thereto, shall be reasonably satisfactory to counsel for Buyer.

       6.4  No Material Adverse Changes. From the date hereof to the Closing
Date, the Seller shall not have disposed of any interest that it may have in the
Purchased Assets, and shall not consent to a disposal of any interest in the
Purchased Assets by the Seller (other than sales of inventory in the ordinary
course of the Seller's business).

       6.5  No Lawsuits. No suits, actions, litigation or other proceeding or
investigation (other than the filing of the Case) shall be threatened or pending
for or by any court or governmental agency concerning this Agreement or the
consummation of the transactions contemplated.

       6.6  Non-Competition Agreement. The Buyer, the Seller, and TBM shall have
entered into a non-competition agreement in the form attached as Schedule 6.6
hereto.

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      6.7  Corporate Approvals, Etc. The Seller shall have taken such corporate
and other actions as may be required to consummate the transactions contemplated
hereunder.

      6.8  Leased Equipment. Incidental to the sale of the Purchased Assets, and
subject to the provisions of the leases and applicable insurance policies, the
Bill of Sale will include, the Seller's interest in all leased machines and
equipment which constitute any portion of the Purchased Assets, provided,
however, that no such leasehold interest shall be transferred to the Buyer to
the extent that the Buyer determines, in its sole discretion, that it does not
desire to accept the same. The Purchase Price shall not be adjusted as a result
of any decision by Buyer not to accept any such leasehold interest.

      6.9  Additional Agreement. The Seller, Long Reach and TBM shall, at or
before the Closing have executed and delivered to Buyer an agreement dealing
with warranties, representations and indemnification obligations in the form
attached as Schedule 6.9 hereto. Buyer hereby agrees and acknowledges that (a)
any claim which Buyer, or any of its affiliates and its or their successors and
assigns, may ever have against the Seller, Long Reach, or TBM under the
aforesaid agreement shall be unsecured, and that any claim that they or any of
them may have against the Seller or Long Reach (but not any claim that they or
any of them may have against TBM) under the terms of that agreement, any related
agreement, or any claim in any way related to the transactions contemplated
hereby, shall be fully and completely subordinate and inferior to any secured or
unsecured claim which the Lender or any of its affiliates and its or their
successors and assigns may ever have against, the Seller or Long Reach or any of
their affiliates other than TBM), and (b) neither Buyer nor any of its
affiliates or any of their successors or assigns will ever directly or
indirectly attack, or encourage or assist anyone else in directly or indirectly
attacking, the validity, enforceability, perfection or priority of any rights,
liens or security interests of the Lender or any of its affiliates or any of its
or their successors or assigns, against the Seller or Long Reach or against or
in any property interest of the Seller or Long Reach. The parties understand,
acknowledge and agree that the Lender would not have agreed to the transactions
contemplated hereby but for the provisions of this Section 6.9, and,
accordingly, Lender shall be a third party beneficiary of this Section 6.9.

      6.10  Rol-Lift License; Seller Name. The Seller shall at the Closing, and
at no additional cost to Buyer, provide the Buyer with a perpetual,
royalty-free, exclusive license to use the "Rol-Lift" name and trademark, and
any similar names and trademarks, in connection with the manufacture of manual
pallet trucks, and shall have taken all action necessary to ensure that the
Buyer will acquire all rights in the "Presto Lifts" name and trademark and any
similar or derivative names and trademarks as part of the Purchased Assets.

      6.11 Filing Fee. The Seller shall, prior to the Closing, have paid all
filing fees required for the conversion and/or filing of the Case to one arising
under Chapter 11 of the United States Bankruptcy Code.

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         ARTICLE 7. CONDITIONS OF CLOSING FOR THE BENEFIT OF THE SELLER

       The obligation of the Seller to consummate the transactions contemplated
hereunder is subject to the satisfaction on the Closing Date of each of the
following conditions:

       All actions, proceedings, instruments, documents and legal matters
required to carry out this Agreement, or as may be incidental thereto, shall be
reasonably satisfactory to counsel to the Seller.

                            ARTICLE 8. MISCELLANEOUS

      8.1  Survival of Representations and Warranties. All of the
representations, warranties, covenants and agreements contained in this
Agreement and in any certificate, schedule, document, or other writing delivered
pursuant hereto have been relied upon and shall survive for a period of three
(3) years after the Closing.

      8.2  Further Assurances. The Seller shall from time to time after the
Closing at the request of Buyer and without further consideration, execute and
deliver such further instruments of transfer and assignment and take such other
actions as Buyer may reasonably request to transfer more effectively and assign
to or vest in Buyer the Purchased Assets, provided that (a) no such instrument
or action will have the effect of increasing or changing any liability or of
modifying any disclaimer of liability, representation or warranty by the Seller,
and (b) at the time of making any request, Buyer will provide to the Seller
reasonable backup information verifying, to the satisfaction of the Seller, the
reason and need for such instrument or action.

      8.3  Notices. All notices, requests, demands, claims, and other
communications hereunder will be in writing. Any notice, request, demand, claim,
or other communication hereunder shall be deemed duly given upon receipt if it
is sent by facsimile, or reputable express courier, and addressed or otherwise
sent to the intended recipient as set forth below:

      (a)   If to the Seller:

            William A. Schwartz
            TBM Holdings, Inc.
            136 Main Street
            Westport, CT  06880
            Fax: (203) 227-1050

            with a copy to:

            Thomas Califano, Esquire
            Piper Marbury Rudnick & Wolfe
            1251 Avenue of the Americas
            New York, New York 10020
            Fax (212) 884-8690

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      (b)   If to the Buyer:

            Southworth International Group, Inc.
            P.O. Box 1380
            Portland, ME  04104
            Fax:  (207) 797-2184
            Attention:  Brian McNamara, President

            with a copy to:

            Jensen Baird Gardner & Henry
            Ten Free Street
            P.O. Box 4510
            Portland, ME  04112-4510
            Fax:  (207) 775-7935
            Attention:  Frank H. Frye, Esq.

      (c)   And a copy of all notices provided hereunder shall also be sent to
the Lender at:

            Mr. Carl F. Shafer
            First Vice President
            Managed Assets Department
            1717 Main St., 4th Floor
            Dallas, TX 75201

            with a copy to:

            Mr. Brett H. Todd
            Fulbright & Jaworski L.L.P.
            2200 Ross Avenue, Suite 2800
            Dallas, TX 75201

Any party may send any notice, request, demand, claim or other communication
hereunder to the intended recipient at the address or facsimile number set forth
above using any other means (including personal delivery, messenger service,
ordinary mail, or electronic mail), but no such notice, request, demand, claim
or other communication shall be deemed to have been duly given unless and until
it actually is received by the intended recipient. Any party may change the
address or facsimile number to which notices, requests, demands, claims and
other communications hereunder are to be delivered by giving the other party
notice in the manner herein set forth.

      8.4  Controlling Law. This Agreement shall be construed under and governed
by the laws of the State of Maine.

      8.5  Entire Agreement. This Agreement and the agreements and documents
referred to herein constitute the entire agreement of the parties with respect
to the transactions contemplated

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hereby and supersede all other agreements between the parties, whether
written or oral, with respect to such transactions.

      8.6  Binding Effect. This Agreement shall inure to the benefit of and bind
the parties hereto and their respective heirs, successors and assigns.

      8.7  Succession and Assignment. This Agreement shall be binding upon and
inure to the benefit of the parties named herein and their respective successors
and permitted assigns. No party may assign either this Agreement or any of its
rights, interests, or obligations hereunder without the prior written approval
of the other party; provided, however, that the Buyer may assign any or all of
its rights and interests, and delegate its duties and obligations, to one or
more corporations, limited liability companies, or other entities of which Buyer
and/or Buyer's shareholders collectively own a majority of the outstanding
equity interests.

      8.8  Expenses and Fees. Each party shall pay its respective costs and
expenses, including, without limitation, legal and accounting fees in connection
with this Agreement and the transactions contemplated hereby.

      8.9  Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

      8.10  Amendments and Waivers. Anything in this Agreement to the contrary
notwithstanding, if any one or more of the conditions specified in Article 6
hereof shall not have been satisfied, Buyer shall have the right, in addition to
any other right which may be available to it, to waive in writing such
conditions and nevertheless to proceed with the transactions contemplated
hereby; and if one or more of the conditions specified in Article 7 hereof shall
not have been satisfied, the Seller shall have the right, in addition to any
other right which may be available to it, to waive in writing such conditions
and nevertheless to proceed with the transactions contemplated hereby. In the
event of any such waiver, the party exercising its right shall not thereafter
have the right to proceed against the other party for damages resulting from the
breach so waived. No amendment of any provision of this Agreement shall be valid
unless the same shall be in writing and signed by each of the parties hereto. No
waiver by any party of any default, misrepresentation, or breach of warranty or
covenant hereunder, whether intentional or not, shall be deemed to extend to any
prior or subsequent default, misrepresentation, or breach of warranty or
covenant hereunder or affect in any way any rights arising by virtue of any
prior or subsequent such occurrence.

      8.11  Severability. Any term or provision of this Agreement that is
invalid or unenforceable in any situation in any jurisdiction shall not
affect the validity or enforceability of the remaining terms and provisions
hereof or the validity or enforceability of the offending term or provision in
any other situation or in any other jurisdiction.

      8.12  Incorporation of Exhibits and Schedules. The Schedules identified in
this Agreement are incorporated herein by reference and made a part hereof.

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      8.13  Knowledge Standard. For purposes of this Agreement, an individual
will be deemed to have "knowledge" of a particular fact or other matter if: (a)
such individual is actually aware of such fact or matter, or (b) a prudent
individual could be expected to discover or otherwise become aware of such fact
or other matter in the course of conducting a reasonably comprehensive
investigation concerning the existence of such fact or other matter; a Person,
other than an individual, will be deemed to have "knowledge" of a particular
fact or other matter if any individual who is a shareholder, director, officer,
member or manager of such Person has, or at any time had, knowledge of such fact
or other matter.

      IN WITNESS WHEREOF, the parties hereto have duly caused this Agreement to
be executed as of the day and year first above written.

                                          BUYER:
WITNESS:                                  SOUTHWORTH INTERNATIONAL
                                          GROUP, INC.

_______________________________           By:_________________________________
                                             Print Name: Brian McNamara
                                             Title: President

                                          SELLER:
                                          PRESTO LIFTS, INC.
                                          Debtor-in-Possession

________________________________          By:_________________________________
                                             Print Name:
                                             Title:

SEEN AND AGREED To:

WITNESS:                                  LONG REACH, INC.

________________________________          By:_________________________________
                                             Print Name:
                                             Title:

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                                          TBM HOLDINGS, INC.

________________________________          By:_________________________________
                                             Print Name:
                                             Title:

W.B. Engineering, Inc. signs below to acknowledge and agree to the
provisions of section 6.9 of this Agreement.

                                          W.B. ENGINEERING, INC.

________________________________          By:_________________________________
                                             Print Name:
                                             Title:

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                                 SCHEDULE INDEX

Schedule No.                 Description
------------                 -----------

1.1                          Asset Listing

2.4                          Bill of Sale

6.6                          Noncompetition Agreement

6.9                          Agreement dealing with warranties, representations
                             and indemnification obligations of the Seller, Long
                             Reach, Inc and TBMEXHIBIT 10.2

                          WARRANTIES, REPRESENTATIONS,
                 INDEMNITY, AND TRADEMARK/TRADENAME AGREEMENT

      This AGREEMENT (the "Agreement") is made as of the 1st day of April, 2002,
by and between SOUTHWORTH INTERNATIONAL GROUP, INC., a Maine corporation with a
principal place of business in Falmouth, Maine (the "Buyer"); PRESTO LIFTS, INC,
a Rhode Island corporation with a principal place of business in Pawtucket,
Rhode Island ("Presto"), LONG REACH, INC., a Delaware corporation with a
principal place of business at Houston, Texas ("Long Reach") and TBM HOLDINGS,
INC., a Florida corporation with a principal place of business at Westport,
Connecticut ("TBM").

                               ARTICLE 1. GENERAL

      1.1 Asset Purchase Agreement. This Agreement is entered into as
consideration to the Buyer in connection with the sale of certain Presto assets
to the Buyer pursuant to an Asset Purchase Agreement (the "Asset Purchase
Agreement") dated April 1, 2002 between the Buyer and Presto. All terms not
otherwise explicitly defined in this Agreement shall have the meaning ascribed
to them in the Asset Purchase Agreement.

      1.2   Definitions.  As used  in  this  agreement,  the  following  terms
shall have the following meanings:

            (a)  "Tax" means any federal, state, local, or foreign income, gross
receipts, license, payroll, employment, excise, severance, stamp, occupation,
premium, windfall profits, environmental (including taxes under the Internal
Revenue Code of 1986, as amended (the "Code")), customs duties, capital stock,
franchise, profits, withholding, social security (or similar), unemployment,
disability, real property, personal property, sales, use transfer, registration,
value added, alternative or add-on minimum, estimated, or other tax of any kind
whatsoever, including any interest, penalty, or addition thereto, whether
disputed or not.

            (b)  "Tax Return" means any return, declaration, report, claim for
refund, or information return or statement relating to Taxes, including any
schedule or attachment thereto, and including any amendment thereof.

                    ARTICLE 2. WARRANTIES AND REPRESENTATIONS

      Presto, Long Reach and TBM each, jointly and severally, make the following
representations and warranties, which are true and correct on the date hereof,
and which shall be reaffirmed as true and correct as of the Closing Date,
subject, however, to any modifications otherwise permitted and approved in
writing by the Buyer:

      2.1  Representations True. All representations made by Presto, Long Reach,
TBM or any Affiliate with respect to the Purchased Assets and/or the Presto
Business were true, accurate and complete when made, and no material changes
have occurred with respect to the same as of

<PAGE>

the Closing, except for collection of accounts receivable, incurrence of
trade debt and sales of inventory, all in the ordinary course of the Presto
Business. Presto is a corporation duly organized and existing under the laws of
the State of Rhode Island with its principal place of business in Pawtucket,
Rhode Island. Long Reach is a corporation duly organized and existing under the
laws of the State of Delaware with its principal place of business in Houston,
Texas, TBM is a corporation duly organized and existing under the laws of the
State of Florida with its principal place of business in Westport, Connecticut.

       2.2   Compliance with Laws. (a) To Presto's knowledge, all aspects of the
Presto Business and operations of Presto have, since May 15, 2000, been operated
in material compliance with all applicable federal, state and local laws,
ordinances, regulations, orders, policies and guidelines of all governmental
entities (including, without limitation, any and all employment laws, Tax laws,
land use laws, and federal, state and local environmental, health and safety
laws, and other laws in any way pertaining to the land, air, water or hazardous
materials or substances that are or could be applicable to the business of
Presto). Presto and affiliates have, since May 15, 2000, complied in all
material respects with all such laws, and no action, suit, proceeding, hearing,
investigation, charge, complaint, claim, demand is now pending and Presto is not
aware of any basis for any such action. No notice has been served, filed or
commenced against Presto with respect to any such laws since May 15, 2000.
Presto shall pay any Tax that is due from it and which might otherwise become a
liability, in whole or in part, of the Buyer and shall file all Tax Returns that
are necessary to avoid having the Buyer become liable for any Tax that would
otherwise be due from Presto.

            (b)  To Presto's knowledge, and except as otherwise set forth in
Schedule 2.2 of this Agreement, all of the real estate owned, leased or
otherwise occupied by the Presto in connection with the Presto Business is
currently in compliance with all applicable environmental laws in all material
respects. Presto does not use, treat, store or dispose of, nor has it permitted
any other Person to use, treat, store or dispose of, whether temporarily or
permanently, any Hazardous Materials (as defined below) at, on or beneath the
premises owned, leased or otherwise occupied by the Presto in violation of any
law. Neither Presto nor TBM has any knowledge, after due inquiry, of the
presence, use, treatment, storage, release or disposal of any Hazardous
Materials at, on or beneath or upon any of the assets of Presto or any
properties leased or otherwise occupied by Presto which has created or might
reasonably be expected to create any liability of owners, operators or occupants
of such premises or of the Purchased Assets under any law or which would require
remediation or reporting to a governmental agency. No asbestos or
polychlorinated-biphenyls are contained in or stored on any assets of Presto or
any properties leased or otherwise occupied by Presto and there are no storage
tanks for petroleum or any other Hazardous Materials located in, on or under any
such assets or properties, other than above ground storage tanks in compliance
with applicable law.

       2.3  Permits. To Presto's knowledge, and except as otherwise set forth in
Schedule 2.3 of this Agreement, Presto now has all permits, certificates,
licenses, franchises, approvals, consents and other authorizations required
under all applicable federal, state and local laws for the operation of the
Presto Business (the "Permits") and has provided the Buyer with a written list
of all such Permits. No notice has been issued, and, to the knowledge of Presto,
no investigation or review is pending or threatened by any governmental entity
(i) with respect to

                                       2
<PAGE>

any alleged violation by Presto of any applicable law, ordinance,
regulation, order, policy or guideline of any governmental entity relating to
the business of Presto, or (ii) with respect to any alleged failure to have all
Permits, certificates, licenses, franchises, approvals and other authorizations
required in connection with or for the operation of the business of Presto.

       2.4  Intangible Property. Presto has provided the Buyer with true and
complete copies of all patents, trademarks, service marks and franchises, all
applications for any of the foregoing and all permits, agreements and licenses
or other rights running to or from Presto relating to any of the Purchased
Assets and/or the Presto Business, or which are necessary for Presto to conduct
and operate its business as it is now being conducted. Except for the Rol-Lift
trademark, Presto owns or has the exclusive right to use all such patents,
trademarks, service marks, franchises, permits, agreements and licenses free
from any requirement of any past, present or future royalty payments, license
fees, charges or other payments, or conditions or restrictions whatsoever.

       2.5  Warranties; Product Services. To Presto's knowledge, and except as
otherwise set forth in Schedule 2.5 of this Agreement, Presto has provided the
Buyer with copies of all warranties and product guarantees that it has issued or
by which it is bound. Except as previously disclosed in writing to the Buyer by
Presto there are no pending or, to the knowledge of Presto, threatened claims
which exceed $10,000 for any particular order with respect to any such warranty
or guaranty, and Presto has no liability with respect to any such warranty or
guaranty, whether known or unknown, absolute, accrued, contingent or otherwise,
and whether due or to become due in excess of $10,000 for any particular order.
To the best of Presto's knowledge, each product sold, leased, or delivered by
Presto has been in conformity with all applicable contractual commitments and
all express and implied warranties. To the best of Presto's knowledge, Presto
has no liability (and there is no basis for any present or future action, suit,
proceeding, hearing, investigation, charge, complaint, claim, or demand against
any of them giving rise to any liability) arising out of any injury to
individuals or property as a result of the ownership, possession, or use of any
product sold, leased, or delivered by Presto, or any services provided by
Presto, which exceeds $10,000 for any particular order.

       2.6  Contracts. Presto has previously disclosed to Buyer in writing a
list of all contracts, leases, and other agreements to which the Presto is
a party which in any way are used or intended to be used in connection with, or
are related to the Purchased Assets and/or the Presto Business, including, but
not limited to

            (a)  any agreement (or group of related agreements) for the purchase
            or sale of raw materials, commodities, supplies, products, or other
            personal property, or for the furnishing or receipt of services;

            (b)  any agreement concerning confidentiality or non-competition;

            (c)  any profit sharing, stock option, stock purchase, stock
            appreciation, pension, deferred compensation, severance, employee
            benefit plan, or other plan or arrangement for the benefit of its
            current or former directors, officers, and employees;

                                       3
<PAGE>

            (d)  any collective bargaining agreement;

            (e)  any agreement for the employment of any individual on a
            full-time, part-time, consulting, or other basis or providing
            severance benefits;

            (f)  any employee handbooks and policies; and

            (g)  any other agreement (or group of related agreements) the
            performance of which is material to the Purchased Assets or the
            Presto Business.

Presto has delivered to the Buyer a correct and complete copy of each such
written agreement.

       2.7  Employee Benefits. (a) Presto has provided the Buyer with copies of
all Employee Benefit Plans as defined in Section 3(3) of the Employee Retirement
Income Security Act of 1974, as amended, and any other plans which provide
benefits of any kind to employees of Presto, including, without limitation, sick
leave, vacation pay, severance pay, salary continuation for disability,
consulting or other compensation arrangements, retirement, deferred
compensation, bonus, incentive compensation, stock purchase, stock option,
health including hospitalization, medical and dental, life insurance and
scholarship programs maintained for the benefit of any present or former
employees of the Presto.

            (b)  Each Employee Benefit Plan has been administered in compliance
with its terms, and is in compliance in all material respects with the
applicable provisions of ERISA, the Code, and all other applicable laws
(including, without limitation, funding, filing, termination, reporting and
disclosure and continuation coverage obligations pursuant to Title V of the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"));
(ii) Presto has made or provided for all contributions required under the terms
of such plans; and (iii) no "Employee Pension Benefit Plan" (as defined in
Section 3(2) of ERISA) has been the subject of a "reportable event" (as defined
in Section 4043 of ERISA) and there have been no "prohibited transactions" (as
described in Section 4975 of the Code or in Part 4 of Subtitle B of Title I of
ERISA) with respect to any such Employee Benefit Plan.

             (c)  Except to the extent that Long Reach and Presto share a major
medical and 401(k) plan, neither Presto nor any ERISA Affiliate maintains or has
ever maintained or been obligated to contribute to a "Multiemployer Plan" (as
such term is defined by Section 4001 (a)(3) of ERISA).

            (d)  With respect to each Employee Benefit Plan maintained by Presto
or any ERISA Affiliate: (i) no unsatisfied liabilities to participants, the IRS,
the United States Department of Labor ("DOL"), the PBGC or to any other person
or entity have been incurred as a result of the termination of any Employee
Benefit Plan; (ii) no Employee Pension Benefit Plan which is subject to the
minimum funding requirements of Part 3 of Subtitle B of Title I of ERISA or
subject to Section 412 of the Code has incurred any "accumulated funding
deficiency" within the meaning of Section 302 of ERISA or Section 412 of the
Code, and there has been no waived funding deficiency within the meaning of
Section 303 of ERISA or Section 412 of the Code; and

                                       4

<PAGE>

(iii) there has been no event with respect to an Employee Pension Benefit
Plan which would require disclosure under Sections 4062(c), 4063(a) or 4041(e)
of ERISA.

             (e)  All reports and information required to be filed with the DOL,
IRS and PBGC or with plan participants and its beneficiaries with respect to
each Employee Benefit Plan have been filed, and all annual reports (including
Form 5500 series) of such Plans were certified without qualification by each
Plan's accountants and actuaries. Any annual reports which are not yet due but
are required to be filed with respect to a plan year which ended on or prior to
the Closing Date or with respect to current pan years shall be filed by the
Presto, when due.

             (f)  Neither Presto nor any ERISA Affiliate maintains any retiree
life and/or retiree health insurance plans which provide for continuing benefits
or coverage for any employee or any beneficiary of an employee after such
employee's termination of employment.

            (g)  All claims insured under Presto's health insurance plan and
disability insurance plan (if any) covering its employees have been properly
accrued.

       2.8  Overtime, Back Wages, Vacation and Minimum Wages. No present or
former employee of Presto has any claim against Presto (whether under federal or
state law, any employment agreement or otherwise) on account of or for overtime
pay (other than overtime pay for the current payroll period), wages, salary or
commissions (for any period other than the current payroll period), vacation,
time off or pay in lieu of vacation or time off or any violation of any statute,
ordinance or regulations relating to minimum wages or maximum hours of work or
working conditions. Presto is current on all severance pay or other payments on
account of termination of any former employee.

       2.9  Labor Disputes, Unfair Labor Practices. There is neither pending,
nor, to the knowledge of Presto, threatened, against Presto any labor dispute,
strike or work stoppage which affects or may affect the Presto Business, or
which may interfere with the continued operation thereof. Presto is not, nor has
it been, engaged in any unfair labor practices, and no unfair labor practice
complaints against Presto are pending before the National Labor Relations Board.

      2.10  Consents. As requested by the Buyer, Presto shall use its best good
faith efforts to obtain the consent of any third party from whom consent must be
obtained in order to permit the conveyance of all of the Purchased Assets to the
Buyer. The Buyer and the Buyer's representatives shall be available to assist
Presto in obtaining the requested consents.

       2.11  Full Access. The Buyer and its authorized representatives, upon
making prior arrangements with Presto, shall have full access at all reasonable
times to all premises and properties of Presto and to all books, records,
contracts, tax records and audit records held by Presto or its independent
accountants relating to the Presto Business. Such examination and investigation
shall not affect the warranties and representations of Presto and TBM contained
in this Agreement.

       2.12  Authorization to Do Business.  Presto is authorized to do
business the following jurisdictions and such authority is in full force and
effect as of the date of this Asset Purchase

                                       5
<PAGE>

Agreement and will be in effect through the Closing: Rhode Island and
Texas. These jurisdictions constitute all jurisdictions where its activities may
require such authorization.

       2.13  WARN Act. Presto has complied with all provisions of the Worker
Adjustment and Retraining Notification Act, 29 U.S.C. ss.ss. 2101-2109, and all
applicable state, federal and local laws and regulations, and Presto shall take
all action necessary to ensure that the Buyer will not become liable under any
such Act, law or regulation as a result of or in connection with the transaction
contemplated in this Asset Purchase Agreement, or of the termination of the
employment of Presto employees resulting from the same.

                           ARTICLE 3. INDEMNIFICATION

       3.1  By Presto, Long Reach and TBM. From and after the Closing Date,
Presto, Long Reach and TBM shall, jointly and severally, indemnify and hold
harmless the Buyer and the Buyer's officers, directors and employees from and
against any and all liabilities, claims, and/or costs, resulting from, related
to or arising out of liabilities and or claims, as and when sustained, which the
Buyer or its officers, stockholders, directors or employees may suffer or incur,
resulting from, related to, or arising out of any willful misrepresentation,
failure to disclose any material fact, breach of warranty, breach of guarantee,
or non-fulfillment of any of the respective agreements or covenants of Presto,
Long Reach and/or TBM in this Agreement or any related documents or from any
willful misrepresentation in or omission of material fact from any certificate,
financial statement, or from any other document furnished or to be furnished to
the Buyer hereunder or by Presto, Long Reach or TBM. Notwithstanding the
foregoing, neither Presto, Long Reach, nor TBM shall have any liability under
this ss. 3.1 for any liability, claims or costs to the extent that the same do
not, cumulatively, exceed the sum of $10,000.00 during any twelve (12) month
period

      The foregoing indemnity shall extend to, but shall not be limited to, any
such liability, claim and cost which may be incurred by the Buyer, by any
officer, stockholder, director, or employee of the Buyer, as a result of any
willful act or omission of Presto, Long Reach, TBM, any Affiliate, or any of
their respective or joint officers, directors or employees, or agents,
notwithstanding any investigation made by the Buyer or any disclosure made by
Presto herein or otherwise.

      3.2  Notice. Promptly after acquiring knowledge of any liability or claim,
against which Presto, Long Reach, and/or TBM has indemnified the Buyer, or as to
which any party may be liable, Presto, Long Reach, and TBM shall give to the
Buyer written notice thereof; provided, however, that failure to provide such
notice shall not relieve the indemnifying party of the obligation to indemnify
another party hereto if such indemnifying party has knowledge of the liability
or claim. Each indemnifying party shall, at its own expense, defend against the
contest any liability or claim, against which it has indemnified an indemnified
party, and each indemnifying party shall receive from the other party all
necessary and reasonable cooperation in said defense including, but not limited
to, the services of employees and former employees of the other party who are
familiar with the transactions out of which any such liability or claim may have
arisen.  The indemnifying party shall have the right to control the defense of
any such proceeding unless it is relieved of its liability hereunder with
respect to such defense by the

                                      6
<PAGE>

indemnified party. The indemnifying party shall have the right, at its
option, and, unless so relieved, to compromise, settle or defend, at its own
expense and by its own counsel, any such matter involving the asserted liability
of the indemnified party. In the event that the indemnifying party shall
undertake to compromise, settle or defend any such asserted liability, it shall
promptly notify the indemnified party of its intention to do so; provided,
however, in the event of a compromise or settlement, the indemnified party shall
have the right to approve any such compromise or settlement, which approval
shall not be unreasonably withheld. Furthermore, the indemnifying party shall
not enter into any compromise or settlement without obtaining the complete
release of the indemnified party. The indemnified party shall have the right to
participate in all aspects of the defense of any such liability or claim
(including attending meetings and obtaining and reviewing copies of all
documents) and may choose and retain, at its own cost and expense, separate
counsel in connection therewith; provided, however, if counsel retained by the
indemnifying party determines that there exists an actual or potential conflict
of interest between the indemnified party and the indemnifying parties with
respect to the defense of such liability or claim, then the reasonable fees and
disbursements of the separate counsel retained and chosen by the indemnified
party shall be borne by the indemnifying party. In the event that an
indemnifying party, after written notice from an indemnified party, fails to
take timely action to defend the same, the indemnified party shall have the
right to defend the same by counsel of its own choosing, but at the cost and
expense of the indemnifying party. No indemnified party shall have the right to
settle or compromise any claim without the written consent of the indemnifying
party, except that any indemnified party shall have the right to settle or
compromise any claim against it if it has given written notice thereof to the
indemnifying party and the indemnifying party has failed to take timely action
to defend the same.

      3.3  Insurance Audits or Adjustments. Presto, Long Reach and TBM shall
jointly and severally be responsible for any adjustment to insurance premiums
for periods of insurance coverage prior to Closing. In the event that payment
for such adjustments is demanded of the Buyer after Closing, the Buyer shall be
entitled to make such payment, and Presto, Long Reach, and TBM shall be jointly
and severally liable to reimburse the Buyer therefor.

                      ARTICLE 4. TRADEMARKS AND TRADENAMES

      4.1  Rol-Lift. At the Closing (as that term is defined in the Asset
Purchase Agreement), Presto shall, at no additional cost to Buyer, provide the
Buyer with a perpetual, royalty-free, exclusive license to use the "Rol-Lift"
name and trademark, and any similar names and trademarks, in connection with the
manufacture, marketing, sale, transfer, supply, distribution, or other
disposition of manual pallet trucks . Southworth shall not receive the right to
use the Rol-Lift name or trademark in connection with any other product. If and
when a Rol-Lift line of lift tables is developed, the Buyer shall have the
exclusive right to manufacture such tables.

      4.2  Presto. At or prior to the Closing (as that term is defined in the
Asset Purchase Agreement), Presto shall have taken all action necessary to
ensure that the Buyer will acquire, as part of the Purchased Assets (as that
term is defined in the Asset Purchase Agreement), all rights in the "Presto
Lifts" name and trademark and any similar or derivative names and trademarks, as
well as all other trademarks and tradenames that it has represented to the Buyer
that it owns.

                                       7
<PAGE>

                            ARTICLE 5. MISCELLANEOUS

      5.1  Survival of Representations and Warranties. All of the
representations, warranties, covenants and agreements contained in Agreement and
in any certificate, schedule, document, or other writing delivered pursuant
hereto have been relied upon and shall survive for a period of two (2) years
after the Closing.

      5.2  Notices. All notices, requests, demands, claims, and other
communications hereunder will be in writing. Any notice, request, demand, claim,
or other communication hereunder shall be deemed duly given upon receipt if it
is sent by facsimile, or reputable express courier, and addressed or otherwise
sent to the intended recipient as set forth below:

      (a)  If to Presto, Long Reach or TBM:

           William A. Schwartz
           TBM Holdings, Inc.
           136 Main Street
           Westport, CT  06880
           Fax: (203) 227-1050

           with a copy to:

           Thomas Califano, Esquire
           Piper Marbury Rudnick & Wolfe
           1251 Avenue of the Americas
           New York, New York 10020
           Fax (212) 884-8690

      (b)  If to the Buyer:

           As provided in the Asset Purchase Agreement

Any party may send any notice, request, demand, claim or other communication
hereunder to the intended recipient at the address or facsimile number set forth
above using any other means (including personal delivery, messenger service,
ordinary mail, or electronic mail), but no such notice, request, demand, claim
or other communication shall be deemed to have been duly given unless and until
it actually is received by the intended recipient. Any party may change the
address or facsimile number to which notices, requests, demands, claims and
other communications hereunder are to be delivered by giving the other party
notice in the manner herein set forth.

      5.3 Entire Agreement. This Agreement and the agreements and documents
referred to herein constitute the entire agreement of the parties with respect
to the transactions contemplated hereby and supersede all other agreements
between the parties, whether written or oral, with respect to such transactions.

                                       8
<PAGE>

      5.4  Binding Effect.  This Agreement shall inure to the benefit of and
bind the parties hereto and their respective heirs, successors and assigns.

      5.5  Succession and Assignment. This Agreement shall be binding upon and
inure to the benefit of the parties named herein and their respective successors
and permitted assigns. No party may assign either this Agreement or any of its
rights, interests, or obligations hereunder without the prior written approval
of the other party; provided, however, that the Buyer may assign any or all of
its rights and interests, and delegate its duties and obligations, to one or
more corporations, limited liability companies, or other entities of which the
Buyer and/or the Buyer's shareholders collectively own a majority of the
outstanding equity interests.

      5.6  Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

      5.7  Amendments and Waivers. No amendment of any provision of this
Agreement shall be valid unless the same shall be in writing and signed by each
of the parties hereto. No waiver by any party of any default, misrepresentation,
or breach of warranty or covenant hereunder, whether intentional or not, shall
be deemed to extend to any prior or subsequent default, misrepresentation, or
breach of warranty or covenant hereunder or affect in any way any rights arising
by virtue of any prior or subsequent such occurrence.

      5.8  Severability. Any term or provision of this Agreement that is invalid
or unenforceable in any situation in any jurisdiction shall not affect the
validity or enforceability of the remaining terms and provisions hereof or the
validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction.

      5.9  Knowledge Standard. For purposes of this Agreement, "knowledge" shall
mean the (a) actual knowledge of any of the persons set forth in Schedule 5.9 to
this Agreement, or (b) knowledge that such person could be expected to discover
or otherwise become aware of in the course of conducting a reasonably
comprehensive investigation concerning the existence of such fact or other
matter.

      5.10  Applicable  Law.  This  Agreement  shall be  construed  under  and
governed by the laws of the State of Maine.

      IN WITNESS WHEREOF, the parties hereto have duly caused this Agreement to
be executed as of the day and year first above written.

WITNESS:                                  SOUTHWORTH INTERNATIONAL
                                          GROUP, INC.

______________________________            By:___________________________
                                             Print Name: Brian McNamara
                                             Title: President

                                       9
<PAGE>

                                          PRESTO LIFTS, INC.

                                          ______________________________
                                          By:___________________________
                                             Print Name:
                                             Title:

                                          TBM HOLDINGS, INC.

______________________________            By:___________________________
                                             Print Name:
                                             Title:

                                          LONG REACH, INC.

                                          By:___________________________
                                             Print Name:
                                             Title:

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