An unknown buyer acquired Telit Modular Distribution Agreement and Associated Assets from Direct Communication Solutions, Inc. for $0.25 million in January 2019. Direct Communication Solutions will receive $250,000 cash based on certain milestones plus 6% of net sales of Telit products through December 31, 2019. Consideration of $150,000 was payable at closing and the second payment of $100,000 was payable following Direct Communication Solutions introductions to customers and Telit’s sales directors; and delivery and payment of at least 50% of purchase order by a prior customer of Direct Communication Solutions for Telit hardware. An unknown buyer completed the acquisition of Telit Modular Distribution Agreement and Associated Assets from Direct Communication Solutions, Inc. for $0.25 million in January 2019.