EX-2.1 3 doc3.txt EXHIBIT 2.1 August 7, 2003 D.R. Barthol & Company 317 Lennon Lane, Suite 200 Walnut Creek, CA. 94598 Re: Antares Microsystems Dear Don Barthol Assignee for the Benefit of Creditors of Antares Microsystems: SBE offers to purchase the following listed operating assets of Antares Microsystems ("Company") from you as Assignee effective August 7, 2003 for a total purchase price of $75,000. Upon acceptance of the offer by you, SBE will remit a check for $75,000 to you on August 8, 2003. OPERATING ASSETS PURCHASED BY SBE: - The name Antares Microsystems, Inc. and derivatives thereof. - All intellectual property including patents, trademarks, copyrights and propriety product designs. - All license agreements naming the Company as licensee or licensor. - Agreements to which patent, trademark, service mark or copyright has been sold or transferred to the Company. - Agreements relating to source or objects code escrows. - Distribution, marketing, advertising, public relations, sales representative and supplier agreements. - Advertising, marketing and other selling materials currently used by the Company. - All customer lists - All product inventories including all finished goods, work in process and raw materials. - All outstanding purchase orders received from customers for the Company's products. - All computers or computing equipment including software owned or licensed that is used in the production, testing, manufacturing or development of the Company's current or future products. - All computer or computing equipment including software owned or licensed that is used in to account for or control the Company's manufacturing, production or sales of products. - All of the production or test work benches. - All other tools and equipment used in the design, production, test, manufacturing or storage process for the Company's products. ASSETS AND LIABILITIES NOT PURCHASED BY SBE: - Any outstanding liabilities or commitments incurred prior to the purchase of the operating assets by SBE. - Any lease commitments for equipment, automobiles or real estate. - Any loans or advances to the Company or to individuals or employees of the Company. - Any payroll, sales or income taxes or other regulatory payments due by the Company. - Any amounts owed to current or former employees of the Company. - Any Accounts Receivable outstanding at the date of purchase or proceeds. - Any furniture or fixtures owned or leased by the Company (with the exception of the production and test work benches). DATE: AUGUST 8, 2003 ----------------------- /s/ David W. Brunton Accepted: /s/ Don Barthol ---------------------- ----------------- David W. Brunton Don Barthol CFO D.R. Barthol & Company