ESCROW AGREEMENTEscrow Agreement • July 26th, 2012 • WPCS International Inc • Communications services, nec • New York
THIS ESCROW AGREEMENT (this “Agreement”) is made as of July 25, 2012 by and among New England Communications Systems Corp., a Connecticut corporation (“NECS”), Quality Communications Systems Inc., a New Jersey corporation (“Quality” and together with NECS, the “Purchasers”), WPCS International – Hartford, Inc., a Connecticut corporation (“Hartford”), WPCS International - Lakewood, Inc., a New Jersey corporation (“Lakewood” and together with Hartford, the “Sellers”), WPCS International Incorporated, a Delaware corporation ( “WPCS”), and Sichenzia Ross Friedman Ference LLP, with an address at 61 Broadway, New York, New York 10006 (the “Escrow Agent”). All capitalized terms contained herein and not otherwise defined shall have the meaning ascribed to them in the Purchase Agreement (as hereinafter defined).
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • July 26th, 2012 • WPCS International Inc • Communications services, nec • New York
This ASSET PURCHASE AGREEMENT (the “Agreement”), entered into this 25th day of July, 2012, is by and among NEW ENGLAND COMMUNICATIONS SYSTEMS CORP., a Connecticut corporation with a principal place of business at 15 Allstate Parkway, Suite 600, Markham, Ontario L3R 5B4 Canada (“Hartford”) and QUALITY COMMUNICATIONS SYSTEMS INC., a New Jersey corporation with a principal place of business at 15 Allstate Parkway, Suite 600, Markham, Ontario L3R 5B4 Canada (“Lakewood”, and collectively with Hartford, the “Purchasers”, and each individually, a “Purchaser”), WPCS INTERNATIONAL – HARTFORD, INC., a Connecticut corporation with a principal place of business at 427 Hayden Station Road, Windsor, Connecticut 06095 (“WPCS Hartford”), WPCS INTERNATIONAL – LAKEWOOD, INC., a New Jersey corporation with a principal place of business at 1985 Swarthmore Avenue, Lakewood, New Jersey 08701 (“WPCS Lakewood” and collectively with WPCS Hartford, the “Sellers” and each individually, a “Seller”) and WPCS INTER
