Accounts Receivable from Purchase and Sale Agreement
THIS ASSET PURCHASE AND SALE AGREEMENT ("Agreement") is made as of the ____ day of July, 2010 by and between KeyOn Communications Holdings, Inc., a corporation formed and existing under the laws of the State of Delaware, or a wholly-owned subsidiary thereof ("Buyer"), on the one hand and Southwest Wireless Net, Inc. a corporation formed and existing under the laws of the State of Minnesota ("Seller"), on the other. Buyer and Seller are hereinafter, at times, collectively referred to as the "Parties" and individually as a "Party."
Accounts Receivable. " shall mean the rights of Seller to payment for services performed or to be performed for customers of the Business prior to July 31, 2010, whether earned or unearned, provided such receivables are not older than thirty (30) days and for which no reserve allowance has been previously made.