ASSIGNMENT OF ASSET PURCHASE AGREEMENT

 

                                  Exhibit 10.2

                     ASSIGNMENT OF ASSET PURCHASE AGREEMENT

KNOW ALL MEN BY THESE PRESENTS THAT Stan Gang (hereinafter called "Assignor"),
in consideration of One Million Dollars ($1,000,000), of which (i) $900,000 has
been paid by AlphaNet Solutions, Inc. (hereinafter called "Assignee"), receipt
and sufficiency of which is hereby acknowledged, and (ii) $100,000 shall be
paid to Assignor by Assignee no later than January 18, 1997 in the event
Assignor shall be obligated to make such payment to Lior, Inc., pursuant to the
Agreement (as defined below), hereby assigns, transfers and conveys unto
Assignee, its successors and assigns, all the rights, interests, privileges and
obligations of Assignor in and to that certain Asset Purchase Agreement dated
July 18, 1996 by and between Assignor and Lior, Inc. (hereinafter called the
"Agreement") as set forth in "Exhibit A" attached hereto and hereby made a part
hereof.

          1.      Assignor covenants, represents and warrants that:

                 (a)      Assignor has not executed or made any prior
assignment of any of his rights, interests, privileges or obligations under the
Agreement, and will not do so in the future;

                 (b)      Assignor has not done anything which might prevent
Assignee from complying with, or limit Assignee in operating under, any of the
provisions of the Agreement or this Assignment thereof; and

                 (c)      Assignor shall execute such other and further
instruments and documents as Assignee may reasonably request to carry into
effect or to further evidence the transfer effectuated hereby.

         2.      This Assignment shall inure to the benefit of and shall be
binding upon the parties hereto and their respective successors and assigns.

         3.      This Assignment shall be governed by and construed according
                 to the laws of the State of New Jersey.

         IN WITNESS WHEREOF, Assignor, intending to be legally bound, has duly
executed this Assignment the 24th day of July, 1996.

  WITNESS:                                           ASSIGNOR

                                                      /s/ STAN GANG
  ------------------------------                     -------------------------
  Name:                                              Stan Gang

  WITNESS:                                           ASSIGNEE

                                                      /s/ GARY S. FINKEL
  ------------------------------                     -------------------------
  Name:                                          By: Gary S. Finkel
                                                     Chief Financial Officer
                                                     AlphaNet Solutions, Inc. 

Basic Info X:

Name: ASSIGNMENT OF ASSET PURCHASE AGREEMENT
Type: Asset Purchase Agreement
Date: Aug. 5, 1996
Company: ALPHANET SOLUTIONS INC
State: New Jersey

Other info:

Date:

  • January 18 , 1997
  • July 18 , 1996
  • 24th day of July , 1996

Organization:

  • AlphaNet Solutions , Inc.
  • Lior , Inc.
  • State of New Jersey

Money:

  • $ 1,000,000
  • $ 900,000
  • $ 100,000

Person:

  • Stan Gang
  • Gary S. Finkel