ASSET PURCHASE AGREEMENTAsset Purchase Agreement • November 4th, 2016 • Ari Network Services Inc /Wi • Services-computer programming, data processing, etc. • Florida
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made and effective as of November 1, 2016, by and among ARI NETWORK SERVICES, INC., a Wisconsin corporation (“Buyer”), AUCTION 123 INC., a Florida corporation (the “Company”), Raymond Basha, an individual resident of the State of Florida (“Basha”), and Herbert Boardman, an individual resident of the State of Florida (“Boardman”, and Boardman together with Basha, collectively, the “Shareholders”, and each, a “Shareholder”). All capitalized terms used but not otherwise specifically defined in the section in which such terms first appear shall have the respective meanings set forth in Section 8.18.
SECOND LOAN MODIFICATION AGREEMENTLoan Modification Agreement • November 4th, 2016 • Ari Network Services Inc /Wi • Services-computer programming, data processing, etc.
This Second Loan Modification Agreement (this “Loan Modification Agreement”) is entered into as of November 1, 2016 (the “Second Loan Modification Effective Date”), by and among (i) SILICON VALLEY BANK, a California corporation, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at 230 West Monroe Street, Suite 720, Chicago, Illinois 60606 (“Bank”), (ii) ARI NETWORK SERVICES, INC., a Wisconsin corporation (“ARI”) and (iii) PROJECT VIKING II ACQUISITION, INC., a Wisconsin corporation (“Viking”, and together with ARI, individually and collectively, jointly and severally, the “Borrower”).
