ASSET PURCHASE AGREEMENT BY AND AMONG SNOWBOARD HOLDINGS, LLC, AS PURCHASER, ORBCOMM, INC., AND INTHINC, INC., INTHINC TECHNOLOGY SOLUTIONS, INC., TIWI, INC., INTHINC TELEMATICS, INC., DRIVEAWARE, INC. AND INTHINC CHILE, SPA, COLLECTIVELY AS SELLERS...Asset Purchase Agreement • June 12th, 2017 • ORBCOMM Inc. • Communications services, nec • Delaware
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made as of the 9th day of June, 2017, by and among SNOWBOARD HOLDINGS, LLC, a Delaware limited liability company (“Purchaser”), ORBCOMM, INC., a Delaware corporation (“ORBCOMM”) (ORBCOMM and Purchaser referred to collectively as the “Purchaser Parties”), INTHINC, INC., a Delaware corporation (the “Company”), INTHINC TECHNOLOGY SOLUTIONS, INC., a Delaware corporation (“ITS”), TIWI, INC., a Delaware corporation (“Tiwi”), INTHINC TELEMATICS, INC., a Canadian corporation (“Telematics”), DRIVEAWARE, INC., a Delaware corporation (“DriveAware”), and INTHINC CHILE, SPA, a Chile company (“Chile”) (the Company, ITS, Tiwi, Telematics, DriveAware and Chile referred to collectively as the “Sellers” and each as a “Seller”), and INTHINC INVESTORS, L.P., a Delaware limited partnership, in its capacity as Stockholder Representative (pursuant to Section 11.14).
