PERCEPTRON, INC. Executive Agreement Not to CompeteExecutive Agreement Not to Compete • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan
PERCEPTRON, INC. FIRST AMENDMENT TO SEVERANCE AGREEMENTSeverance Agreement • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan
THIS FIRST AMENDMENT TO SEVERANCE AGREEMENT, dated as of July 2, 2010, between Perceptron, Inc. (the “Company”) and Richard Price (the “Executive”), (the “Agreement”) is dated June 13, 2012.
LICENSE AGREEMENT (From Perceptron to Inspectron)License Agreement • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan
WHEREAS, Licensee is purchasing and the Licensor is selling substantially all of the assets of the Licensor’s Commercial Products Business Unit (“CBU”) pursuant to an Asset Purchase Agreement dated August 30, 2012 between the Licensor and Licensee (the “Asset Purchase Agreement”).
LICENSE AGREEMENT (From Inspectron to Perceptron)License Agreement • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan
WHEREAS, Licensor is purchasing and the Licensee is selling substantially all of the assets of the Licensee’s Commercial Products Business Unit (“CBU”) pursuant to an Asset Purchase Agreement dated August 30, 2012 between the Licensor and Licensee (the “Asset Purchase Agreement”).
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan
THIS ASSET PURCHASE AGREEMENT (together with all Exhibits and Schedules, this “Agreement”) is made and entered into on the 30th day of August 2012, by and between INSPECTRON, INC., a Michigan corporation, the address of which is 2159 Applebrook Drive, Commerce Township, Michigan 48382 (“Buyer”); and PERCEPTRON, INC., a Michigan corporation, the address of which is 47827 Halyard Drive, Plymouth, Michigan 48170 (the “Seller”). Seller and Buyer agree as follows:
Mutual Covenant Not to CompeteMutual Covenant Not to Compete • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses • Michigan
Inspectron is purchasing and Perceptron is selling substantially all of the assets constituting the CBU Business of Perceptron’s Commercial Products Business Unit (“CBU”) pursuant to an Asset Purchase Agreement dated August 30, 2012 between Inspectron and Perceptron (the “Asset Purchase Agreement”). This Agreement sets forth the terms under which each of Inspectron and Perceptron will agree to not engage in certain defined businesses. The mutual execution and delivery of this Agreement is a condition precedent to the Closing of the Asset Purchase Agreement.
SECOND AMENDMENT TO CREDIT AGREEMENTCredit Agreement • September 6th, 2012 • Perceptron Inc/Mi • Optical instruments & lenses
