ASSET PURCHASE AGREEMENT By and Between HEI, Inc., Cross Technology, Inc., Smartrac Technology US Inc. and Smartrac N.V. Dated: August 30, 2007Asset Purchase Agreement • September 6th, 2007 • Hei Inc • Semiconductors & related devices
This Asset Purchase Agreement (the “Agreement”) dated this 30th day of August, 2007, is by and between HEI, Inc., a Minnesota corporation (“HEI”), and its wholly-owned subsidiary Cross Technology, Inc., a Minnesota corporation (“CTI”) (HEI and CTI are collectively referred to herein as the “Seller”), Smartrac Technology US Inc., a Delaware corporation (the “Buyer”) and Smartrac N.V., a company incorporated under Dutch law (“Smartrac”).
