Document dY0ZbODvvKDmjOgQgv32aRj6

CLOSING STATEMENT ASSET PURCHASE AGREEMENT by and between SLOAN VALVE COMPANY and NIBCO INC. dated as of December 1, 1987 Total Purchase Price.................................................................................... $2,156,000 Plus: Reimbursement of Seller for Furnace Operations from 12/1/87 to 1/20/88............................................. 55/249 Total Amount Due Seller under Agreement..................................... $2,211,249 Less: Payment under Purchase Option..................................... $200,000 Transfer Taxes ($2.20 per $1,000 on $2 Million).......... ............ 4,400 Unpaid 1987 Property Taxes.......... 9,848 Pro-ration of Unpaid 1988 Property Taxes through 1/20/88 ($27 per day)....................... 540 214,788 Balance Owed Seller at Closing........................................................... $1,996,461 On this 21st day of January, 1988, the undersigned hereby confirm payment and receipt of the balance owed Seller at Closing, SLOAN VALVE COMPANY By: GcuuJm 1 ....... Charles Allen, President NIBCO INC. Bv: Rex Martin, President NIBCO001140