ASSET PURCHASE AGREEMENT by and among NETBANK PAYMENT SYSTEMS, INC., NETBANK, NETBANK, INC., PAYMENT ALLIANCE INTERNATIONAL, INC. and PAI ATM SERVICES, LLC April 27, 2007Asset Purchase Agreement • May 2nd, 2007 • Netbank Inc • Savings institutions, not federally chartered • Delaware
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of April 27, 2007 (the “Effective Date”), by and among NetBank Payment Systems, Inc., a Florida corporation (the “Seller”), NetBank, a federal savings bank (the “Owner”), NetBank, Inc., a Georgia corporation (“Parent”), Payment Alliance International, Inc., a Delaware corporation (“PAI”), and PAI ATM Services, LLC, a Delaware limited liability company (the “Purchaser”). Certain other capitalized terms used in this Agreement are defined in Exhibit A.
