ASSET PURCHASE AGREEMENT By and Among COSTAR VIDEO SYSTEMS, LLC VIDEO SOLUTIONS TECHNOLOGY CENTER, LLC SOUTHERN IMAGING, INC. VIDEO SOLUTIONS TECHNOLOGY CENTER, INC. and THE SHAREHOLDERS OF SOUTHERN IMAGING, INC. Dated as of June 20, 2006Asset Purchase Agreement • June 26th, 2006 • Dynabazaar Inc • Services-business services, nec • Delaware
THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made as of June 20, 2006 by and among Southern Imaging, Inc., a Texas corporation (“Southern Imaging”), Video Solutions Technology Center, Inc., a Nevada corporation (“Video Solutions” and, together with Southern Imaging, collectively, the “Sellers” and each a “Seller”), Arthur Thompson (“Thompson”), Linda Merken (“Merken”), James Pritchett (“Pritchett”), William Switzer (“Switzer”) and Edward Kim (“Kim”) (Thompson, Merken, Pritchett, Switzer and Kim are hereinafter referred to collectively as the “Shareholders” and each as a “Shareholder”), Costar Video Systems, LLC, a Delaware limited liability company (“Newco”), and Video Solutions Technology Center, LLC, a Delaware limited liability company (“Newco Sub”, and together with Newco, collectively, the “Purchasers” and each a “Purchaser”).
