0001104659-07-011095 Sample Contracts

ASSET PURCHASE AGREEMENT BETWEEN SYNEL INDUSTRIES LTD. AND TIME AMERICA, INC. (Delaware Corporation) AND TIME AMERICA, INC. (Nevada Corporation) AND TIME AMERICA, INC. (Arizona Corporation) AND NETEDGE DEVICES, LLC January 16, 2007

Asset Purchase Agreement • February 14th, 2007 • Time America Inc • Services-prepackaged software • New York

• Contract Type
  Asset Purchase Agreement
• Filed
  February 14th, 2007
• Company
  Time America Inc
• Industry
  Services-prepackaged software
• Jurisdiction
  New York

This ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of January 16, 2007, by and among Synel Industries Ltd., an Israeli registered corporation or any of its subsidiaries (“Synel”), and Time America, Inc., a Delaware corporation (“Synel Delaware” and,together with Synel, collectively, the “Buyer”, and Time America, Inc., a Nevada Corporation (“T.A. Nevada”), Time America, Inc., an Arizona Corporation (“T.A. Arizona”), and NetEdge Devices, LLC, an Arizona limited liability company (“NetEdge”). T.A. Nevada, T.A. Arizona and NetEdge are referred to collectively herein as the “Sellers.” Buyer and Sellers are referred to collectively herein as the “Parties.”