ASSET PURCHASE AGREEMENT dated as of July 20, 2011 among NTS Technical Systems, Ingenium Testing, LLC, Lab Nine, LLC, Lab Eight, Inc. Cliff Smith, an individual, and Duane Wingate, an individualAsset Purchase Agreement • July 26th, 2011 • National Technical Systems Inc /Ca/ • Services-testing laboratories • Illinois
This Asset Purchase Agreement dated as of July 20, 2011 (this "Agreement") is by and among NTS Technical Systems, a California corporation ("Buyer"), Ingenium Testing, LLC, an Illinois limited liability company ("Ingenium"), Lab Nine, LLC, an Illinois limited liability company ("Lab Nine"), Lab Eight, Inc., an Illinois corporation ("Lab Eight") and, together with Ingenium and Lab Nine, "Sellers," Cliff Smith, an individual ("Smith"), and Duane Wingate, an individual ("Wingate"). Ingenium, Lab Nine and Lab Eight are sometimes hereafter referred to as "Sellers". Smith and Wingate are hereinafter together referred to as the "Interest/Share Holders." Buyer, Sellers and the Interest/Share Holders are sometimes hereinafter collectively referred to as the "Parties." Capitalized terms used but not defined herein have the meanings assigned to them on Exhibit A.
