ASSET PURCHASE AGREEMENT AMONG PCTelWorx, INC., PCTEL, INC. AND TelWorx Communications, LLC TelWorx U.K. Limited TowerWorx LLC TowerWorx International, Inc. Tim Scronce Brenda ScronceAsset Purchase Agreement • July 13th, 2012 • Pc Tel Inc • Radio & tv broadcasting & communications equipment • Delaware
This Asset Purchase Agreement (the “Agreement”) is entered into on July , 2012, by and among PCTelWorx, Inc., a Delaware corporation (“Buyer”), Buyer’s parent company, PCTEL, Inc., a Delaware corporation, (“Parent”), and TelWorx Communications, LLC, a North Carolina limited liability company (“TelWorx”), TelWorx U.K. Limited, a company formed in the United Kingdom (“TelWorx UK”), TowerWorx LLC, an Oklahoma limited liability company (“TowerWorx”), and TowerWorx International, Inc., a North Carolina corporation (“TowerWorx Intl”) (collectively, the “Sellers”). Buyer and Sellers are referred to collectively herein as the “Parties” and individually herein as a “Party.” Tim Scronce and Brenda Scronce (“Seller Parties”) are additional Parties hereto for the limited purpose of Articles V and X below.
