<SEQUENCE>3

<FILENAME>0003.txt

<DESCRIPTION>EXHIBIT 10.21

<TEXT>





                 Agreement for the Purchase and Sale of Assets





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                  Agreement for the Purchase and Sale of Assets

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                                     between









Eltrax AG., a Swiss corporation,

and Eltrax Holdings AG, a Swiss corporation,

                                                                      as Sellers







Verso Technologies, Inc., a Minnesota Corporation

                                                     as Sellers' Ultimate Parent





                                       and





AremisSoft Hospitality (Switzerland) GmbH, a Swiss corporation,

                                                                    as Purchaser



AremisSoft Corporation, a Delaware Corporation

                                                  as Purchaser's Ultimate Parent





<PAGE>



Table of Contents:



<TABLE>

<S>                                                                                                               <C>



ARTICLE I: DEFINITIONS.............................................................................................3

ARTICLE II: THE TRANSACTION........................................................................................7

ARTICLE IV: REPRESENTATIONS AND WARRANTIES OF PURCHASER............................................................8

ARTICLE V: REPRESENTATIONS AND WARRANTIES OF EHAG AND EAG..........................................................9

ARTICLE VI: COVENANTS OF THE PURCHASER............................................................................15

ARTICLE VII: COVENANTS OF EHAG AND EAG............................................................................17

ARTICLE VIII: CONDITIONS TO CLOSING...............................................................................20

ARTICLE IX: TERMINATION, AMENDMENT, WAIVER........................................................................22

ARTICLE X: INDEMNITY..............................................................................................23

ARTICLE XI: GENERAL PROVISIONS....................................................................................25



</TABLE>





<PAGE>



This  Agreement  for the Purchase and Sale of Assets (the  "Agreement")  is made

this  26th  day  of  October,   2000,  by  and  among   AremisSoft   Hospitality

(Switzerland)  GmbH,  a  Swiss  corporation  ("Purchaser")  Eltrax  AG,  a Swiss

corporation, ("EAG"), Eltrax Holdings AG, a Swiss corporation, ("EHAG") (Sellers

together  referred  to as  "Sellers")  the  Sellers'  Ultimate  Parent  and  the

Purchaser's   Ultimate  Parent,  and  provides  for  the  Purchaser  to  acquire

substantially  all of the  assets of Sellers  (other  than the shares of EAG and

Eltrax UK. Ltd.),  subject to the  liabilities  assumed in this Agreement by the

Purchaser and no other liabilities.



Recitals



WHEREAS,  the  Purchaser  desires to  acquire,  on the terms and  subject to the

conditions  reflected  below,  the  business  of Sellers  insofar as the same is

conducted through the use of the Acquired Assets; and



WHEREAS,  Sellers  believe that it is desirable  and in their best  interests to

sell the Acquired Assets to the Purchaser;



NOW,  THEREFORE,  the parties to this  Agreement  for the  Purchase  and Sale of

Assets do hereby agree as follows:



ARTICLE I: DEFINITIONS



As used in this  Agreement,  the  capitalized  terms  identified  below  in this

Article I shall have the meanings indicated, and variants and derivatives of the

following terms shall have correlative  meanings.  To the extent that certain of

the definitions set forth below express  agreements  between or among parties to

this  Agreement,  or contain  representations  or  warranties  or covenants of a

party, the parties agree to the same by execution of this Agreement. The parties

to this  Agreement  agree  that  agreements,  representations,  warranties,  and

covenants  expressed in any part or provision  of this  Agreement  shall for all

purposes  of this  Agreement  be  treated  in the  same  manner  as  other  such

agreements,  representations,  warranties,  and covenants contained elsewhere in

this Agreement,  and the Article or Section of this Agreement  within which such

an  agreement,  representation,  warranty,  or  covenant  appears  shall have no

separate meaning or effect on the same.



1.1 Acquired Assets:  The assets to be acquired by the Purchaser pursuant to the

terms  hereof,  as  identified  on Schedule  1.2(i)-1 of the  Acquired  Business

Balance Sheet attached  hereto,  including,  but not limited to all Intellectual

Property and Software  Products  used in the  Acquired  Business,  and all other

assets of EAG,  tangible or intangible  (including  contractual,  warranty,  and

other rights), the use or value of which is inextricably linked to the assets so



<PAGE>





identified,  and excluding (a) the shares of EAG and Eltrax UK. Ltd. ,   (b) any

rights related to the Squirrel  business other than the  interntional  contracts

concerning the Squirrel business.



1.2 Acquired Business: The businesses in which the Acquired Assets are utilized,

as described on Schedule 1.2(i)-1 of the Acquired Business  Disclosure  Document

attached hereto.



1.3 Acquired Business Balance Sheet: The balance sheet as of September 30, 2000,

included in the Unaudited Financial Statements of the Acquired Business.



1.4 Acquired Business Disclosure Document:  The document delivered by Sellers to

the Purchaser containing certain disclosures relative to this Agreement,  a copy

of which is attached to this Agreement as Exhibit 1.5.



1.5 Acquired Facilities: All warehouses,  stores, plants, production facilities,

manufacturing  facilities,  processing  facilities,  fixtures,  and improvements

owned or leased by EAG or otherwise used in connection with the operation of the

Acquired Business or leased or subleased to others,  but only to the extent that

the same consist of Acquired Assets.



1.6 Affiliate: When used with respect to a person, an "affiliate" of that person

is a person  Controlling,  Controlled  by,  or under  common  Control  with that

person.



1.7 Agreement: This Agreement for the Purchase and Sale of Assets, including all

of its Schedules and Exhibits  specifically  referred to in this  Agreement that

have been or are to be  delivered  by a party to this  Agreement to another such

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