ASSET PURCHASE AGREEMENT by and between Iteris, Inc. as Seller and Bendix Commercial Vehicle Systems LLC as Buyer Providing for the Sale of the Iteris Vehicle Sensors business Dated as of July 25, 2011Asset Purchase Agreement • August 4th, 2011 • Iteris, Inc. • Communications equipment, nec • Delaware
This Asset Purchase Agreement (this “Agreement”), dated as of July 25, 2011, is made by and between ITERIS, INC., a Delaware corporation (“Seller”), and BENDIX COMMERCIAL VEHICLE SYSTEMS LLC, a Delaware limited liability company (“Buyer”). Capitalized terms are used in this Agreement with the meanings assigned those terms in Appendix A hereto.
