ASSET PURCHASE AGREEMENT2 Asset Purchase Agreement • August 12th, 2002 • Electric Fuel Corp • Patent owners & lessors
This Asset Purchase Agreement ("Agreement") is dated August 2, 2002, by and among Electric Fuel (E.F.L.) Ltd. ("EFL"); Electric Fuel Corporation, the parent company of EFL ("Buyer"); I.E.S. Electronics Industries U.S.A., Inc., and I.E.S. Interactive Training Ltd., its parent company (together, the "Seller"); and I.E.S. Electronics Industries Ltd., the ultimate parent company of the Seller (the "Shareholder").
QuickLinks -- Click here to rapidly navigate through this documentElectric Fuel Corp • August 12th, 2002 • Patent owners & lessors
Summary of a Share Purchase Agreement made and entered into in Jerusalem on the 2nd day of August, 2002, among M.D.T. Protective Industries Ltd. (the "Company"), H.R.T. Ltd. ("HRT"), A.G.A. Protection Methods and Commerce Ltd. ("AGA" and, together with H.R.T., the "Shareholders"), and Migun (the "Purchaser"), an Israeli corporation in formation and a wholly-owned subsidiary of Electric Fuel (E.F.L.) Ltd. ("EFL").
