Asset Sale and Purchase Agreement dated March 23, 2004 by and between API Electronics, Inc. and Islip Transformer & Metal Co. ASSET SALE AND PURCHASE AGREEMENTAsset Sale and Purchase Agreement • November 28th, 2005 • Api Electronics Group Inc • Services-computer processing & data preparation • New York
THIS ASSET SALE AND PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of March 23, 2004 (the “Effective Date”) by and among API Electronics, Inc., a Delaware corporation having offices at 375 Rabro Drive, Hauppauge, New York 11788 (“Purchaser”) and Islip Transformer & Metal Co., Inc., a New York corporation having offices at 820 Shames Drive, Westbury, NY 11590 (the “Seller”). The Purchaser and Seller are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
