ASSET PURCHASE AND SALE AGREEMENTAsset Purchase and Sale Agreement • March 6th, 2012 • ORBCOMM Inc. • Communications services, nec • New York
Contract Type FiledMarch 6th, 2012 Company Industry JurisdictionThis ASSET PURCHASE AND SALE AGREEMENT (the “Agreement”) is entered into as of December 23, 2011 among PAR Technology Corporation, a Delaware corporation (the “Parent”), PAR Government Systems Corporation, a New York corporation (“PAR-G”), and Par Logistics Management Systems Corporation, a New York corporation (the “Business Subsidiary”) (the Parent, PAR-G, and the Business Subsidiary are each individually referred to herein as a “Seller” and are collectively referred to herein as the “Sellers”), and ORBCOMM Inc., a Delaware corporation and PLMS Acquisition, LLC, a Delaware limited liability company, jointly and severally (each, and collectively, the “Buyer”). The Sellers and the Buyer are referred to collectively herein as the “Parties.”