ASSET PURCHASE AGREEMENT BETWEEN SYNEL INDUSTRIES LTD. AND TIME AMERICA, INC. (Delaware Corporation) AND TIME AMERICA, INC. (Nevada Corporation) AND TIME AMERICA, INC. (Arizona Corporation) AND NETEDGE DEVICES, LLC January 16, 2007Asset Purchase Agreement • February 14th, 2007 • Time America Inc • Services-prepackaged software • New York
This ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of January 16, 2007, by and among Synel Industries Ltd., an Israeli registered corporation or any of its subsidiaries (“Synel”), and Time America, Inc., a Delaware corporation (“Synel Delaware” and,together with Synel, collectively, the “Buyer”, and Time America, Inc., a Nevada Corporation (“T.A. Nevada”), Time America, Inc., an Arizona Corporation (“T.A. Arizona”), and NetEdge Devices, LLC, an Arizona limited liability company (“NetEdge”). T.A. Nevada, T.A. Arizona and NetEdge are referred to collectively herein as the “Sellers.” Buyer and Sellers are referred to collectively herein as the “Parties.”
