ASSET PURCHASE AGREEMENTAsset Purchase Agreement • January 21st, 2016 • Veritec Inc • Electronic components, nec • Minnesota
THIS ASSET PURCHASE AGREEMENT (this “Agreement”), is made and entered into as of September 30, 2014 (the “Closing Date”) by and among Veritec, Inc., a Nevada corporation (“Purchaser”), on the one hand, and Tangible Payments, LLC, a Maryland limited liability company (“Seller”), Falcon Financial Industries, LLC a Maryland limited liability company (“Falcon”), the holder of all the issued and outstanding membership interests in Seller, and Timothy M. Spear, an individual and sole member and manager of Falcon (“Spear”), on the other hand. Capitalized terms not otherwise defined herein have the meanings set forth in Section 9.1.
