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| Delaware                                                       | 16-1434688                              |
|----------------------------------------------------------------|-----------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
| PAR Technology Park                                            |                                    |
| 8383 Seneca Turnpike                                           |                                    |
| New Hartford, New York                                         | 13413-4991                              |
| (Address of principal executive offices)                       | (Zip Code)                              |
| Title of Each Class          |   | Name of Each Exchange on Which Registered |
|------------------------------|--------|-------------------------------------------|
| Common Stock, $.02 par value |   | New York Stock Exchange                   |
| Large Accelerated Filer o | Accelerated Filer o | Non Accelerated Filer o                             | Smaller reporting company x |
|---------------------------|---------------------|-----------------------------------------------------|-----------------------------|
|                      |                |  (Do not check if a smaller reporting company) |                        |

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| Item Number |                                                                                                             | Page   |
|-------------|------------------------------------------------------------------------------------------------------------------|--------|
|        |                                                                                                             |   |
|        | PART I                                                                                                           |   |
| Item 1.     | Business                                                                                                         | 2      |
| Item 1A.    | Risk Factors                                                                                                     | 13     |
| Item 1B.    | Unresolved Staff Comments                                                                                        | 18     |
| Item 2.     | Properties                                                                                                       | 18     |
| Item 3.     | Legal Proceedings                                                                                                | 19     |
| Item 4:     | Mine Safety Disclosures                                                                                          | 19     |
|        |                                                                                                             |   |
|        | PART II                                                                                                          |   |
| Item 5.     | Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 20     |
| Item 6.     | Selected Financial Data                                                                                          | 20     |
| Item 7.     | Management's Discussion and Analysis of Financial Condition and Results of Operations                            | 21     |
| Item 7A.    | Quantitative and Qualitative Disclosures About Market Risk                                                       | 33     |
| Item 8.     | Financial Statements and Supplementary Data                                                                      | 34     |
| Item 9.     | Changes in and Disagreements With Accounting and Financial Disclosure                                            | 34     |
| Item 9A.    | Controls and Procedures                                                                                          | 34     |
|        |                                                                                                             |   |
|        | PART III                                                                                                         |   |
| Item 10.    | Directors, Executive Officers and  Corporate Governance                                                     | 36     |
| Item 11.    | Executive Compensation                                                                                           | 36     |
| Item 12.    | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                   | 36     |
| Item 13.    | Certain Relationships and Related Transactions, and Director Independence                                        | 36     |
| Item 14.    | Principal Accounting Fees and Services                                                                           | 36     |
|        |                                                                                                             |   |
|        | PART IV                                                                                                          |   |
| Item 15.    | Exhibits, Financial Statement Schedules                                                                          | 37     |
|        | Signatures                                                                                                       | 67     |

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| Item 1A: | Risk Factors |
|----------|--------------|

|  | · | the effects of adverse macroeconomic conditions in the United States and international markets, especially in light of the continued challenges in global credit and financial markets; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | changes in customer demand for our products; |
|--|--------|----------------------------------------------|

|  | · | the timing of our new product announcements or introductions, as well as those by our competitors; |
|--|--------|----------------------------------------------------------------------------------------------------|

|  | · | the level of demand and purchase orders from our customers, and our ability to adjust to changes in demand and purchase order patterns; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

|  | · | the ability of our third party suppliers, subcontractors and manufactures to supply us with sufficient quantities of high quality products or components, on a timely basis; |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | the effectiveness of our efforts to reduce product costs and manage operating expenses; |
|--|--------|-----------------------------------------------------------------------------------------|

|  | · | the ability to hire, retain and motivate qualified employees to meet the demands of our customers; |
|--|--------|----------------------------------------------------------------------------------------------------|

|  | · | intellectual property disputes; |
|--|--------|---------------------------------|

|  | · | potential significant litigation-related costs; |
|--|--------|-------------------------------------------------|

|  | · | costs related to compliance with increasing worldwide environmental and other regulations; and |
|--|--------|------------------------------------------------------------------------------------------------|

|  | · | the effects of public health emergencies, natural disasters, security risk, terrorist activities, international conflicts and other events beyond our control. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | the volatility of the financial markets; |
|--|--------|------------------------------------------|

|  | · | uncertainty regarding the prospects of domestic and foreign economies; |
|--|--------|------------------------------------------------------------------------|

|  | · | uncertainty regarding domestic and international political conditions, including tax policies; |
|--|--------|------------------------------------------------------------------------------------------------|

|  | · | our performance and prospects; |
|--|--------|--------------------------------|

|  | · | the performance and prospects of our major customers; |
|--|--------|-------------------------------------------------------|

|  | · | investor perception of our company and the industry in which we operate; |
|--|--------|--------------------------------------------------------------------------|

|  | · | the limited availability of earnings estimates and supporting research by investment analysts; |
|--|--------|------------------------------------------------------------------------------------------------|

|  | · | the liquidity of the market for our common stock; and |
|--|--------|-------------------------------------------------------|

|  | · | the concentration of beneficial ownership of our common stock by Dr. John W. Sammon, Director and Chairman Emeritus of PAR's Board of Directors. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 1B: | Unresolved Staff Comments |
|----------|---------------------------|

| Item 2: | Properties |
|---------|------------|

| Location          | Industry  Segment      | Floor Area Principal Operations                                                                      | Number of Sq. Ft. |
|-------------------|-----------------------------|------------------------------------------------------------------------------------------------------|-------------------|
| New Hartford, NY  | HospitalityGovernment  | Principal executive offices,manufacturing, research anddevelopment laboratories,computing facilities | 128,675      |
| Rome, NY          | Government                  | Research and development                                                                             | 31,900            |
| Stowe, VT         | Hospitality                 | Sales, service and research and development                                                          | 21,300            |
| Boulder, CO       | Hospitality                 | Service                                                                                              | 20,500            |
| Boca Raton, FL    | Hospitality                 | Research and development                                                                             | 14,900            |
| Sydney, Australia | Hospitality                 | Sales and service                                                                                    | 14,000            |
| Las Vegas, NV     | Hospitality                 | Service                                                                                              | 12,000            |
| Vaughn, Canada    | Hospitality                 | Sales, service and research and development                                                          | 10,000            |
| Toronto, Canada   | Hospitality                 | Sales, service and research and development                                                          | 7,700             |

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| Item 3: | Legal Proceedings |
|---------|-------------------|

| Item 4: | Mine Safety Disclosures |
|---------|-------------------------|

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| Item 5: | Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |
|---------|------------------------------------------------------------------------------------------------------------------|

|           | 2012                                                  | 2011   |
|----------------|-------------------------------------------------------|--------|
| Period         | Low                                                   | High   | Low | High |
|           |                                                  |   |   |   |
| First Quarter  |         $3.84 | $5.18  | $4.28 | $6.63 |
| Second Quarter |         $4.50 | $5.14  | $3.63 | $4.99 |
| Third Quarter  |         $4.57 | $5.59  | $3.04 | $3.93 |
| Fourth Quarter |         $4.75 | $5.55  | $3.22 | $4.00 |

| Item 6: | Selected Financial Data |
|---------|-------------------------|

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| Item 7: | Management's Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------|

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|                       |   | Total  |   |   | Less Than1 Year |   |   | 1-3 Years |   |   | 3 - 5 Years |   |   | More than 5 Years |   |
|----------------------------|--------|--------|--------|--------|-----------------|--------|--------|-----------|--------|--------|-------------|--------|--------|-------------------|--------|
| Long-term debt obligations |   | $      | 1,243  |   |            | $      | 159    |      |   | $      | 326         |   |   | $                 | 367    |   |   | $ | 391 |   |
| Operating lease            |   |   | 4,709  |   |            |   | 1,967  |      |   |   | 2,011       |   |   |              | 731    |   |   |   | 0 |   |
| Total                      |   | $      | 5,952  |   |            | $      | 2,126  |      |   | $      | 2,337       |   |   | $                 | 1,098  |   |   | $ | 391 |   |

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| Item 7A. | Quantitative and Qualitative Disclosures about Market Risk |
|----------|------------------------------------------------------------|

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| Item 8: | Financial Statements and Supplementary Data |
|---------|---------------------------------------------|

|  | 1. | Evaluation of Disclosure Controls and Procedures. |
|--|----|---------------------------------------------------|

|  | 2. | Management's Report on Internal Control over Financial Reporting. |
|--|----|-------------------------------------------------------------------|

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|  | 3. | Changes in Internal Controls over Financial Reporting. |
|--|----|--------------------------------------------------------|

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| Item 10: | Directors, Executive Officers and Corporate Governance |
|----------|--------------------------------------------------------|

| Item 11: | Executive Compensation |
|----------|------------------------|

| Item 12: | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |
|----------|------------------------------------------------------------------------------------------------|

| Item 13: | Certain Relationships and Related Transactions, and Director Independence |
|----------|---------------------------------------------------------------------------|

| Item 14: | Principal Accounting Fees and Services |
|----------|----------------------------------------|

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| Item 15: | Exhibits, Financial Statement Schedules |
|----------|-----------------------------------------|

| (a) | Documents filed as a part of the Form 10-K |
|-----|--------------------------------------------|

|  Financial Statements:                                                                          |   |        |   |
|------------------------------------------------------------------------------------------------------|--------|--------|--------|
| Report of Independent Registered Public Accounting Firm                                              |   |   | 38     |   |
| Consolidated Balance Sheets at December 31, 2012 and 2011                                            |   |   | 40     |   |
| Consolidated Statements of Operations for the two years ended December 31, 2012                      |   |   | 41     |   |
| Consolidated Statements of Comprehensive Income (Loss) for the two years ended December 31, 2012     |   |   | 42     |   |
| Consolidated Statements of Changes in Shareholders' Equity for the two years ended December 31, 2012 |   |   | 43     |   |
|  Consolidated Statements of Cash Flows for the two years  ended December 31, 2012          |   |   | 44     |   |
|  Notes to Consolidated Financial Statements                                                     |   |   | 45     |   |

| (b) | Exhibits |
|-----|----------|

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|                                                                                                                             |   | December 31, |      |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|-----------|
| Assets                                                                                                                                     |   | 2012         |      |   | 2011 |   |
| Current assets:                                                                                                                            |   |              |      |   |  |   |
| Cash and cash equivalents                                                                                                                  |   | $            | 19,475    |   |   | $ | 7,742 |   |
| Accounts receivable-net                                                                                                                    |   |         | 29,890    |   |   |   | 30,680 |   |
| Inventories-net                                                                                                                            |   |         | 26,172    |   |   |   | 25,260 |   |
| Deferred income taxes                                                                                                                      |   |         | 11,037    |   |   |   | 10,240 |   |
| Other current assets                                                                                                                       |   |         | 3,236     |   |   |   | 3,088 |   |
| Escrow receivable                                                                                                                          |   |         | 828       |   |   |   | - |   |
| Total current assets                                                                                                                       |   |         | 90,638    |   |   |   | 77,010 |   |
| Property, plant and equipment - net                                                                                                        |   |         | 5,857     |   |   |   | 5,259 |   |
| Deferred income taxes                                                                                                                      |   |         | 6,280     |   |   |   | 5,605 |   |
| Goodwill                                                                                                                                   |   |         | 6,852     |   |   |   | 6,852 |   |
| Intangible assets - net                                                                                                                    |   |         | 11,747    |   |   |   | 15,888 |   |
| Other assets                                                                                                                               |   |         | 2,391     |   |   |   | 2,147 |   |
| Assets of discontinued operations                                                                                                          |   |         | -         |   |   |   | 3,182 |   |
| Total Assets                                                                                                                               |   | $            | 123,765   |   |   | $ | 115,943 |   |
| Liabilities and Shareholders' Equity                                                                                                       |   |         |      |   |   |   |   |   |
| Current liabilities:                                                                                                                       |   |         |      |   |   |   |   |   |
| Current portion of long-term debt                                                                                                          |   | $            | 159       |   |   | $ | 1,494 |   |
| Accounts payable                                                                                                                           |   |         | 21,216    |   |   |   | 15,773 |   |
| Accrued salaries and benefits                                                                                                              |   |         | 6,397     |   |   |   | 7,002 |   |
| Accrued expenses                                                                                                                           |   |         | 4,467     |   |   |   | 2,609 |   |
| Customer deposits                                                                                                                          |   |         | 1,380     |   |   |   | 1,137 |   |
| Deferred service revenue                                                                                                                   |   |         | 12,522    |   |   |   | 10,412 |   |
| Income taxes payable                                                                                                                       |   |         | 547       |   |   |   | 138 |   |
| Total current liabilities                                                                                                                  |   |         | 46,688    |   |   |   | 38,565 |   |
| Long-term debt                                                                                                                             |   |         | 1,084     |   |   |   | 1,249 |   |
| Other long-term liabilities                                                                                                                |   |         | 3,030     |   |   |   | 2,837 |   |
| Liabilities of discontinued operations                                                                                                     |   |         | 141       |   |   |   | 925 |   |
| Total liabilities                                                                                                                          |   |         | 50,943    |   |   |   | 43,576 |   |
| Commitments and contingencies                                                                                                              |   |         | -         |   |   |   | - |   |
| Shareholders' Equity:                                                                                                                      |   |         |      |   |   |   |   |   |
| Preferred stock, $.02 par value, 1,000,000 shares authorized                                                                               |   |         | -         |   |   |   | - |   |
| Common stock, $.02 par value, 29,000,000 shares authorized; 17,038,405 and 16,863,868 shares issued; 15,330,718 and 15,156,584 outstanding |   |         | 341  |   |   |   | 337  |   |
| Capital in excess of par value                                                                                                             |   |         | 43,661    |   |   |   | 42,990 |   |
| Retained earnings                                                                                                                          |   |         | 34,758    |   |   |   | 35,073 |   |
| Accumulated other comprehensive loss                                                                                                       |   |         | (104      | ) |   |   | (201 | ) |
| Treasury stock, at cost, 1,707,687 and 1,707,284 shares                                                                                    |   |         | (5,834    | ) |   |   | (5,832 | ) |
| Total shareholders' equity                                                                                                                 |   |         | 72,822    |   |   |   | 72,367 |   |
| Total Liabilities and Shareholders' Equity                                                                                                 |   | $            | 123,765   |   |   | $ | 115,943 |   |
|                                                                                                                                       |   |         |      |   |   |   |   |   |

----

|                                                         |   | Year ended December 31, |    |
|-------------------------------------------------------------------|--------|-------------------------|---------|
|                                                              |   | 2012                    |    |   | 2011 |   |
| Net revenues:                                                     |   |                         |    |   |  |   |
| Product                                                           |   | $                       | 90,524  |   |   | $ | 90,998 |   |
| Service                                                           |   |                    | 66,144  |   |   |   | 69,484 |   |
| Contract                                                          |   |                    | 88,491  |   |   |   | 68,941 |   |
|                                                              |   |                    | 245,159 |   |   |   | 229,423 |   |
| Costs of sales:                                                   |   |                    |    |   |   |   |   |   |
| Product                                                           |   |                    | 65,300  |   |   |   | 57,878 |   |
| Service                                                           |   |                    | 46,073  |   |   |   | 56,736 |   |
| Contract                                                          |   |                    | 82,841  |   |   |   | 64,347 |   |
|                                                              |   |                    | 194,214 |   |   |   | 178,961 |   |
| Gross margin                                                      |   |                    | 50,945  |   |   |   | 50,462 |   |
| Operating expenses:                                               |   |                    |    |   |   |   |   |   |
| Selling, general and administrative                               |   |                    | 40,476  |   |   |   | 35,774 |   |
| Research and development                                          |   |                    | 13,697  |   |   |   | 13,797 |   |
| Impairment of goodwill and intangible assets                      |   |                    | 300     |   |   |   | 20,843 |   |
| Amortization of identifiable intangible assets                    |   |                    | 455     |   |   |   | 840 |   |
|                                                              |   |                    | 54,928  |   |   |   | 71,254 |   |
| Operating loss from continuing operations                         |   |                    | (3,983  | ) |   |   | (20,792 | ) |
| Other income (expense), net                                       |   |                    | 876     |   |   |   | 203 |   |
| Interest expense                                                  |   |                    | (69     | ) |   |   | (211 | ) |
| Loss from continuing operations before provision for income taxes |   |                    | (3,176  | ) |   |   | (20,800 | ) |
| Benefit for income taxes                                          |   |                    | 1,414   |   |   |   | 7,440 |   |
| Loss from continuing operations                                   |   |                    | (1,762  | ) |   |   | (13,360 | ) |
| Discontinued operations                                           |   |                    |    |   |   |   |   |   |
| Income (loss) on discontinued operations (net of tax)             |   |                    | 1,447   |   |   |   | (2,172 | ) |
| Net loss                                                          |   | $                       | (315    | ) |   | $ | (15,532 | ) |
| Basic Earnings per Share:                                         |   |                    |    |   |   |   |   |   |
| Loss from continuing operations                                   |   |                    | (.12    | ) |   |   | (.89 | ) |
| Income (loss) from discontinued operations                        |   |                    | .10     |   |   |   | (.15 | ) |
| Net loss                                                          |   | $                       | (.02    | ) |   | $ | (1.04 | ) |
| Diluted Earnings per Share:                                       |   |                    |    |   |   |   |   |   |
| Loss from continuing operations                                   |   |                    | (.12    | ) |   |   | (.89 | ) |
| Income (loss) from discontinued operations                        |   |                    | .10     |   |   |   | (.15 | ) |
| Net loss                                                          |   | $                       | (.02    | ) |   | $ | (1.04 | ) |
| Weighted average shares outstanding                               |   |                    |    |   |   |   |   |   |
| Basic                                                             |   |                    | 15,115  |   |   |   | 15,000 |   |
| Diluted                                                           |   |                    | 15,115  |   |   |   | 15,000 |   |
|                                                              |   |                    |    |   |   |   |   |   |

----

|                                |   | Year ended December 31, |   |
|------------------------------------------|--------|-------------------------|--------|
|                                     |   | 2012                    |   |   | 2011 |   |
|                                     |   |                         |   |   |  |   |
| Net loss                                 |   | $                       | (315   | ) |   | $ | (15,532 | ) |
| Other comprehensive income net of tax:   |   |                    |   |   |   |   |   |   |
| Foreign currency translation adjustments |   |                    | 97     |   |   |   | 412 |   |
| Comprehensive loss                       |   | $                       | (218   | ) |   | $ | (15,120 | ) |
|                                     |   |                    |   |   |   |   |   |   |

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| PAR TECHNOLOGY CORPORATION                                  |   |
|-------------------------------------------------------------|--------|
| CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY  |   |
| (in thousands)                                              |   |
|                                                        |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
|                                                        |   |  |   |   |  |   |   |  |   |   | Accumulated |   |   |  |   |   |  |   |
|                                                        |   |  |   |   | Capital in |   |   |  |   |   | Other |   |   |  |   |   | Total |   |
|                                                        |   | Common Stock |   |   | excess of |   |   | Retained |   |   | Comprehensive |   |   | Treasury Stock |   |   | Shareholders' |   |
| (in thousands)                                              |   | Shares |   |   | Amount |   |   | Par Value |   |   | Earnings |   |   | Income (Loss) |   |   | Shares |   |   | Amount |   |   | Equity |   |
|                                                        |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |
| Balances at December 31, 2010                               |   |   | 16,747 |   |   |  $ | 335 |   |   |  $ | 42,264 |   |   |  $ | 50,605 |   |   |  $ | (613 | ) |   |   | (1,707 | ) |   |  $ | (5,832 | ) |   |  $ | 86,759 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
| Net loss                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (15,532 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (15,532 | ) |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common stock upon the exercise of stock options |   |   | 77 |   |   |   | 1 |   |   |   | 131 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 132 |   |
| Issuance of restricted stock awards                         |   |   | 40 |   |   |   | 1 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 1 |   |
| Equity based compensation                                   |   |   |   |   |   |   |   |   |   |   | 595 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 595 |   |
| Translation adjustments, net of tax of $91                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 412 |   |   |   |   |   |   |   |   |   |   |   | 412 |   |
| Balances at December 31, 2011                               |   |   | 16,864 |   |   | $ | 337 |   |   | $ | 42,990 |   |   | $ | 35,073 |   |   | $ | (201 | ) |   |   | (1,707 | ) |   | $ | (5,832 | ) |   | $ | 72,367 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (315 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (315 | ) |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common stock upon the exercise of stock options |   |   | 14 |   |   |   | 2 |   |   |   | 22 |   |   |   |   |   |   |   |   |   |   |   | (1 | ) |   |   | (2 | ) |   |   | 22 |   |
| Net issuance of restricted stock awards                     |   |   | 160 |   |   |   | 2 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 2 |   |
| Equity based compensation                                   |   |   |   |   |   |   |   |   |   |   | 649 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 649 |   |
| Translation adjustments, net of tax of $45                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 97 |   |   |   |   |   |   |   |   |   |   |   | 97 |   |
| Balances at December 31, 2012                               |   |   | 17,038 |   |   | $ | 341 |   |   | $ | 43,661 |   |   | $ | 34,758 |   |   | $ | (104 | ) |   |   | (1,708 | ) |   | $ | (5,834 | ) |   | $ | 72,822 |   |

----

|                                                   |   | Year ended December 31, |    |
|-----------------------------------------------------------------------|--------|-------------------------|---------|
|                                                                  |   | 2012                    |    |   | 2011 |   |
| Cash flows from operating activities:                                 |   |                         |    |   |  |   |
| Net loss                                                              |   | $                       | (315    | ) |   | $ | (15,532 | ) |
| (Income) loss from discontinued operations                            |   |                    | (1,447  | ) |   |   | 2,172 |   |
| Adjustments to reconcile net loss to net cash provided by (used in)   |   |                    |    |   |   |   |   |   |
| operating activities:                                                 |   |                    |    |   |   |   |   |   |
| Impairment of goodwill and intangible assets                          |   |                    | 300     |   |   |   | 20,843 |   |
| Depreciation and amortization                                         |   |                    | 8,723   |   |   |   | 2,648 |   |
| Provision for bad debts                                               |   |                    | 209     |   |   |   | 124 |   |
| Provision for obsolete inventory                                      |   |                    | 3,146   |   |   |   | 10,911 |   |
| Equity based compensation                                             |   |                    | 649     |   |   |   | 595 |   |
| Deferred income tax                                                   |   |                    | (1,950  | ) |   |   | (7,832 | ) |
| Changes in operating assets and liabilities:                          |   |                    |    |   |   |   |   |   |
| Accounts receivable                                                   |   |                    | 581     |   |   |   | 5,022 |   |
| Inventories                                                           |   |                    | (4,058  | ) |   |   | 509 |   |
| Income tax refunds/payable                                            |   |                    | 409     |   |   |   | 290 |   |
| Other current assets                                                  |   |                    | (148    | ) |   |   | (60 | ) |
| Other assets                                                          |   |                    | (244    | ) |   |   | (23 | ) |
| Accounts payable                                                      |   |                    | 5,446   |   |   |   | (3,599 | ) |
| Accrued salaries and benefits                                         |   |                    | (605    | ) |   |   | (1,866 | ) |
| Accrued expenses                                                      |   |                    | 1,858   |   |   |   | (169 | ) |
| Customer deposits                                                     |   |                    | 243     |   |   |   | (1,149 | ) |
| Deferred service revenue                                              |   |                    | 2,110   |   |   |   | 660 |   |
| Other long-term liabilities                                           |   |                    | 193     |   |   |   | 114 |   |
| Net cash provided by operating activities-continuing operations       |   |                    | 15,100  |   |   |   | 13,658 |   |
| Net cash used in operating activities-discontinued operations         |   |                    | (1,742  | ) |   |   | (2,657 | ) |
| Net cash provided by operating activities                             |   |                    | 13,358  |   |   |   | 11,001 |   |
| Cash flows from investing activities:                                 |   |                    |    |   |   |   |   |   |
| Capital expenditures                                                  |   |                    | (1,926  | ) |   |   | (896 | ) |
| Capitalization of software costs                                      |   |                    | (3,405  | ) |   |   | (7,389 | ) |
| Sale of investments                                                   |   |                    | 1,912   |   |   |   | - |   |
| Escrow                                                                |   |                    | (828    | ) |   |   | - |   |
| Proceeds from sale of business                                        |   |                    | 4,000   |   |   |   | - |   |
| Net cash used in investing activities-continuing operations           |   |                    | (247    | ) |   |   | (8,285 | ) |
| Net cash used in investing activities-discontinued operations         |   |                    | -       |   |   |   | (76 | ) |
| Net cash used in investing activities                                 |   |                    | (247    | ) |   |   | (8,361 | ) |
| Cash flows from financing activities:                                 |   |                    |    |   |   |   |   |   |
| Payments of long-term debt                                            |   |                    | (1,500  | ) |   |   | (1,712 | ) |
| Proceeds from the exercise of stock options                           |   |                    | 24      |   |   |   | 133 |   |
| Net cash used in financing activities-continuing operations           |   |                    | (1,476  | ) |   |   | (1,579 | ) |
| Net cash used in financing activities-discontinuing operations        |   |                    | -  |   |   |   | -  |   |
| Net cash used in financing activities                                 |   |                    | (1,476  | ) |   |   | (1,579 | ) |
| Effect of exchange rate changes on cash and cash equivalents          |   |                    | 98      |   |   |   | (94 | ) |
| Net increase in cash and cash equivalents                             |   |                    | 11,733  |   |   |   | 967 |   |
| Cash and cash equivalents at beginning of period                      |   |                    | 7,742   |   |   |   | 6,781 |   |
| Cash and cash equivalents at end of period                            |   |                    | 19,475  |   |   |   | 7,748 |   |
| Less cash and equivalents of discontinued operations at end of period |   |                    | -       |   |   |   | (6 | ) |
| Cash and equivalents of continuing operations at end of period        |   | $                       | 19,475  |   |   | $ | 7,742 |   |
|                                                                  |   |                    |    |   |   |   |   |   |
| Supplemental disclosures of cash flow information:                    |   |                    |    |   |   |   |   |   |
| Cash paid during the period for:                                      |   |                    |    |   |   |   |   |   |
| Interest                                                              |   |                    | 69      |   |   |   | 330 |   |
| Income taxes, net of (refunds)                                        |   |                    | 253     |   |   |   | 105 |   |

----

----

----

----

|                            |   | Year ended December 31 |   |
|---------------------------------|--------|------------------------|--------|
|                            |   | (in thousands)         |   |
|                            |   | 2012                   |   |   | 2011 |   |
|                            |   |                        |   |   |  |   |
| Foreign currency gains / (loss) |   | $                      | 186    |   |   | $ | (454 | ) |
| Rental income-net               |   |                   | 174    |   |   |   | 191 |   |
| Other                           |   |                   | 516    |   |   |   | 466 |   |
|                            |   | $                      | 876    |   |   | $ | 203 |   |

----

|                                             |   | December 31,   |   |
|--------------------------------------------------|--------|----------------|--------|
|                                             |   | (in thousands) |   |
|                                             |   | 2012           |   |   | 2011 |   |
|                                             |   |                |   |   |  |   |
| Acquired and internally developed software costs |   | $              | 11,988 |   |   | $ | 17,902 |   |
| Customer relationships                           |   |           | -      |   |   |   | 4,519 |   |
| Trademarks (non-amortizable)                     |   |           | 1,800  |   |   |   | 2,100 |   |
| Other                                            |   |           | -      |   |   |   | 690 |   |
|                                             |   |           | 13,788 |   |   |   | 25,211 |   |
| Less accumulated amortization                    |   |           | (2,041 | ) |   |   | (9,323 | ) |
|                                             |   | $              | 11,747 |   |   | $ | 15,888 |   |
| 2013       |   | $      | 1,527 |   |
|------------|--------|--------|-------|--------|
| 2014       |   |   | 1,521 |   |
| 2015       |   |   | 1,421 |   |
| 2016       |   |   | 1,393 |   |
| 2017       |   |   | 1,368 |   |
| Thereafter |   |   | 2,717 |   |
|       |   | $      | 9,947 |   |

----

|                                                       |   | December 31, |   |
|-----------------------------------------------------------------|--------|--------------|--------|
|                                                            |   | 2012         |   |   | 2011 |   |
|                                                            |   |              |   |   |  |   |
| Loss from continuing operations                                 |   | $            | (1,762 | ) |   | $ | (13,360 | ) |
| Basic:                                                          |   |         |   |   |   |   |   |   |
| Shares outstanding at beginning of year                         |   |         | 15,051 |   |   |   | 14,909 |   |
| Weighted shares issued during the year                          |   |         | 64     |   |   |   | 91 |   |
| Weighted average common shares, basic                           |   |         | 15,115 |   |   |   | 15,000 |   |
| Loss from continuing operations per  common share, basic   |   | $            | (0.12  | ) |   | $ | (0.89 | ) |
|                                                            |   |         |   |   |   |   |   |   |
| Diluted:                                                        |   |         |   |   |   |   |   |   |
| Weighted average common shares, basic                           |   |         | 15,115 |   |   |   | 15,000 |   |
| Weighted average shares issued during the year                  |   |         | -      |   |   |   | - |   |
| Dilutive impact of stock options and restricted stock awards    |   |         | -      |   |   |   | - |   |
| Weighted average common shares, diluted                         |   |         | 15,115 |   |   |   | 15,000 |   |
| Loss from continuing operations per  common share, diluted |   | $            | (0.12  | ) |   | $ | (0.89 | ) |

----

----

|                               |   | Restaurants |    |   | Hotel/Resort/Spa |   |   | Government |   |   | Total  |   |
|-----------------------------------------|--------|-------------|---------|--------|------------------|--------|--------|------------|--------|--------|--------|--------|
|                                    |   |             |    |   |                  |   |   |            |   |   |        |   |
| Net Balances at December 31, 2010:      |   | $           | 12,272  |   |             | $      | 13,946 |       |   | $      | 736    |   |   | $ | 26,954 |   |
| Impairment Charge                       |   |        | (12,433 | )      |             |   | (7,830 | )          |   |   | -      |   |   |   | (20,263 | ) |
| Effects of foreign currency adjustments |   |        | 161     |   |             |   | -      |       |   |   | -      |   |   |   | 161 |   |
| Balances at December 31, 2011           |   |        |    |   |             |   |   |       |   |   |   |   |   |   |   |   |
| Goodwill                                |   |        | 12,433  |   |             |   | 13,946 |       |   |   | 736    |   |   |   | 27,115 |   |
| Accumulated Impairment charge           |   |        | (12,433 | )      |             |   | (7,830 | )          |   |   | -      |   |   |   | (20,263 | ) |
| Net Balances at December 31, 2011:      |   |        | -       |   |             |   | 6,116  |       |   |   | 736    |   |   |   | 6,852 |   |
| Goodwill                                |   |        | 12,433  |   |             |   | 13,946 |       |   |   | 736    |   |   |   | 27,115 |   |
| Accumulated Impairment charge           |   |        | (12,433 | )      |             |   | (7,830 | )          |   |   | -      |   |   |   | (20,263 | ) |
| Net balance at December 31, 2012        |   | $           | -       |   |             | $      | 6,116  |       |   | $      | 736    |   |   | $ | 6,852 |   |

----

----

----

|                                         |   | December 31, |
|----------------------------------------------|--------|--------------|
|                                         |   | 2012         |   |   | 2011 |   |
| Assets                                       |   |              |   |   |  |   |
| Cash                                         |   | $            | - |   |   | $ | 6 |   |
| Accounts receivable - net                    |   |         | - |   |   |   | 1,398 |   |
| Inventories                                  |   |         | - |   |   |   | 1,355 |   |
| Other assets                                 |   |         | - |   |   |   | 423 |   |
| Total assets of discontinued operations      |   | $            | - |   |   | $ | 3,182 |   |
|                                         |   |         |   |   |   |   |   |   |
| Liabilities                                  |   |         |   |   |   |   |   |   |
| Accounts payable and accrued expenses        |   | $            | 141 |   |   |   | 674 |   |
| Accrued salaries and benefits                |   |         | - |   |   |   | 236 |   |
| Other liabilities                            |   |         | - |   |   |   | 15 |   |
| Total liabilities of discontinued operations |   | $            | 141 |   |   | $ | 925 |   |
|                                                  |   | December 31, |   |
|-------------------------------------------------------|--------|--------------|--------|
| Operations                                            |   | 2012         |   |   | 2011 |   |
| Total revenues                                        |   | $            | 136    |   |   | $ | 6,433 |   |
|                                                  |   |         |   |   |   |   |   |   |
| Loss from discontinued operations before income taxes |   | $            | (348   | ) |   | $ | (3,525 | ) |
| Gain on disposition                                   |   |         | 2,588  |   |   |   | - |   |
| (Provision) benefit for income taxes                  |   |         | (793   | ) |   |   | 1,353 |   |
| Income (loss) from discontinued operations            |   |  $      | 1,447  |   |   |  $ | (2,172 | ) |
|                 |   | (in thousands) |   |
|---------------------------|--------|----------------|--------|
|                 |   | December 31,   |   |   | December 31, |   |
|                      |   | 2012           |   |   | 2011 |   |
| Government segment:       |   |                |   |   |  |   |
| Billed                    |   | $              | 11,226 |   |   | $ | 12,903 |   |
| Advanced billings         |   |           | (3,561 | ) |   |   | (1,552 | ) |
|                      |   |           | 7,665  |   |   |   | 11,351 |   |
| Hospitality segment:      |   |           |   |   |   |   |   |   |
| Accounts receivable - net |   |           | 22,225 |   |   |   | 19,329 |   |
|                 |   | $              | 29,890 |   |   | $ | 30,680 |   |

----

|            | December 31,   |   |
|-----------------|----------------|--------|
|            | (in thousands) |   |
|            | 2012           |   | 2011 |   |
| Finished Goods  |           | $      | 13,012 |   |   | $ | 9,325 |   |
| Work in process |           |   | 352 |   |   |   | 1,007 |   |
| Component parts |           |   | 3,673 |   |   |   | 3,778 |   |
| Service parts   |           |   | 9,135 |   |   |   | 11,150 |   |
|            |           | $      | 26,172 |   |   | $ | 25,260 |   |
|                          |   | December 31,   |    |
|-------------------------------|--------|----------------|---------|
|                          |   | (in thousands) |    |
|                          |   | 2012           |    |   | 2011 |   |
| Land                          |   | $              | 253     |   |   | $ | 253 |   |
| Building and improvements     |   |           | 6,302   |   |   |   | 6,235 |   |
| Rental property               |   |           | 5,289   |   |   |   | 5,289 |   |
| Furniture and equipment       |   |           | 24,557  |   |   |   | 23,009 |   |
|                          |   |           | 36,401  |   |   |   | 34,786 |   |
| Less accumulated depreciation |   |           | (30,544 | ) |   |   | (29,527 | ) |
|                          |   | $              | 5,857   |   |   | $ | 5,259 |   |
| 2013   |   | $      | 404 |   |
|--------|--------|--------|-----|--------|
| 2014   |   |   | 176 |   |
|   |   | $      | 580 |   |

----

| 2013       |   | $      | 1,967 |   |
|------------|--------|--------|-------|--------|
| 2014       |   |   | 1,386 |   |
| 2015       |   |   | 625   |   |
| 2016       |   |   | 364   |   |
| 2017       |   |   | 367   |   |
| Thereafter |   |   | -     |   |
| Total      |   | $      | 4,709 |   |

----

| 2013       |   | $      | 159   |   |
|------------|--------|--------|-------|--------|
| 2014       |   |   | 166   |   |
| 2015       |   |   | 160   |   |
| 2016       |   |   | 180   |   |
| 2017       |   |   | 187   |   |
| Thereafter |   |   | 391   |   |
|       |   | $      | 1,243 |   |

----

|                                             |   | No. of Shares (in thousands) |   |   | Weighted Average Exercise Price |   |   | Aggregate Intrinsic Value (in thousands) |   |
|--------------------------------------------------|--------|------------------------------|--------|--------|---------------------------------|--------|--------|------------------------------------------|--------|
| Outstanding at December 31, 2011                 |   |                         | 757    |   |                            | $      | 5.47   |                                     |   | $ | 38 |   |
| Options granted                                  |   |                         | 104    |   |                            |   | 4.91   |                                     |   |   |   |   |
| Exercised                                        |   |                         | (14    | )      |                            |   | 1.72   |                                     |   |   |   |   |
| Forfeited and cancelled                          |   |                         | (130   | )      |                            |   | 5.74   |                                     |   |   |   |   |
| Outstanding at December 31, 2012                 |   |                         | 717    |   |                            | $      | 5.37   |                                     |   | $ | 116 |   |
| Vested and expected to vest at December 31, 2012 |   |                         | 704    |   |                            | $      | 5.38   |                                     |   | $ | 113 |   |
| Total shares exercisable as of December 31, 2012 |   |                         | 327    |   |                            | $      | 6.02   |                                     |   | $ | 50 |   |
| Shares remaining available for grant             |   |                         | 1,277  |   |                            |   |   |                                     |   |   |   |   |
|                                     |   | 2012      |   |   | 2011      |   |
|------------------------------------------|--------|-----------|--------|--------|-----------|--------|
|                                     |   |           |   |   |           |   |
| Expected option life                     |   | 5.5 years |   |   | 5.5 years |   |
| Weighted average risk-free interest rate |   |      | 0.9    | %      |      |   | 2.1 | % |
| Weighted average expected volatility     |   |      | 45     | %      |      |   | 53 | % |
| Expected dividend yield                  |   |      | 0      | %      |      |   | 0 | % |
| Range of Exercise Prices |   | Number Outstanding (in thousands) |   | Weighted Average Remaining Life |   | Weighted Average Exercise Price |
|--------------------------|--------|-----------------------------------|--------|---------------------------------|--------|---------------------------------|
|                     |   |                              |   |                            |   |                            |
| $3.22 - $4.81            |   | 466                               |   | 7.9 Years                       |   | $4.67                           |
| $4.88 - $6.01            |   | 155                               |   | 4.3 Years                       |   | $5.62                           |
| $6.25 - $11.40           |   | 96                                |   | 4.5 Years                       |   | $8.41                           |
| $3.22 - $11.40           |   | 717                               |   | 6.7 Years                       |   | $5.37                           |

----

|   Non-vested shares (in thousands) |   |   Shares |   |   | Weighted Average grant-date fair value |   |
|----------------------------------------------|--------|--------------------|--------|--------|----------------------------------------|--------|
| Balance at January 1, 2012                   |   |               | 101    |   |                                   | $      | 3.88 |   |
| Granted                                      |   |               | 183    |   |                                   |   | 4.86 |   |
| Vested                                       |   |               | (87    | )      |                                   |   | 5.18 |   |
| Forfeited and cancelled                      |   |               | (23    | )      |                                   |   | 4.78 |   |
| Balance at December 31, 2012                 |   |               | 174    |   |                                   | $      | 4.68 |   |

----

|                     |   | Year ended December 31, |   |
|--------------------------|--------|-------------------------|--------|
|                     |   | (in thousands)          |   |
|                     |   | 2012                    |   |   | 2011 |   |
|                     |   |                         |   |   |  |   |
| Current income tax:      |   |                         |   |   |  |   |
| Federal                  |   | $                       | (206   | ) |   | $ | (198 | ) |
| State                    |   |                    | 160    |   |   |   | 153 |   |
| Foreign                  |   |                    | 582    |   |   |   | 437 |   |
|                     |   |                    | 536    |   |   |   | 392 |   |
| Deferred income tax:     |   |                    |   |   |   |   |   |   |
| Federal                  |   |                    | (1,650 | ) |   |   | (7,777 | ) |
| State                    |   |                    | (300   | ) |   |   | (55 | ) |
|                     |   |                    | (1,950 | ) |   |   | (7,832 | ) |
| Benefit for income taxes |   | $                       | (1,414 | ) |   | $ | (7,440 | ) |
|                                    |   | December 31,   |    |
|-----------------------------------------|--------|----------------|---------|
|                                    |   | (in thousands) |    |
|                                    |   | 2012           |    |   | 2011 |   |
|                                    |   |                |    |   |  |   |
| Deferred tax liabilities:               |        |                |         |  |  |  |  |  |
| Software development costs              |   | $              | 3,740   |   |   |  $ | 4,003 |   |
| Gross deferred tax liabilities          |   |           | 3,740   |   |   |   | 4,003 |   |
|                                    |   |           |    |   |   |   |   |   |
| Deferred tax assets:                    |        |                |         |  |  |  |  |  |
| Allowances for bad debts and inventory  |   |           | (3,640  | ) |   |   | (6,608 | ) |
| Capitalized inventory costs             |   |           | (125    | ) |   |   | (107 | ) |
| Intangible assets                       |   |           | (4,119  | ) |   |   | (4,792 | ) |
| Employee benefit accruals               |   |           | (1,805  | ) |   |   | (1,848 | ) |
| Federal net operating loss carryforward |   |           | (8,122  | ) |   |   | (3,722 | ) |
| State net operating loss carryforward   |   |           | (957    | ) |   |   | (493 | ) |
| Tax credit carryforwards                |   |           | (4,006  | ) |   |   | (3,879 | ) |
| Foreign currency                        |   |           | (147    | ) |   |   | (191 | ) |
| Other                                   |   |           | (334    | ) |   |   | (361 | ) |
| Gross deferred tax assets               |   |           | (23,255 | ) |   |   | (22,001 | ) |
|                                    |   |           |    |   |   |   |   |   |
| Less valuation allowance                |   |           | 2,198   |   |   |   | 2,153 |   |
|                                    |   |           |    |   |   |   |   |   |
| Net deferred tax assets                 |   |  $        | (17,317 | ) |   |  $ | (15,845 | ) |

----

|                                 |   | Year ended December 31, |   |
|--------------------------------------|--------|-------------------------|--------|
|                                 |   | 2012                    |   |   | 2011 |   |
| Federal statutory tax rate           |   |                    | (35.0  | )% |   |   | (35.0 | )% |
| State taxes                          |   |                    | (6.2   | ) |   |   | 0.3 |   |
| Non deductible expenses              |   |                    | 6.4    |   |   |   | 0.7 |   |
| Tax credits                          |   |                    | 0.0    |   |   |   | (2.9 | ) |
| Foreign subsidiary liquidation       |   |                    | (6.3   | ) |   |   | 0.0 |   |
| Foreign income tax rate differential |   |                    | (5.8   | ) |   |   | (0.3 | ) |
| Valuation allowance                  |   |                    | 1.3    |   |   |   | 0.9 |   |
| Other                                |   |                    | 1.1    |   |   |   | 0.5 |   |
|                                 |   |                    | (44.5  | )% |   |   | (35.8 | )% |

----

----

|                                                      |   | Year ended December 31, |    |
|---------------------------------------------------------------------|--------|-------------------------|---------|
|                                                      |   | (in thousands)          |    |
|                                                                |   | 2012                    |    |   | 2011 |   |
| Revenues:                                                           |   |                         |    |   |  |   |
| Hospitality                                                         |   | $                       | 156,668 |   |   | $ | 160,482 |   |
| Government                                                          |   |                    | 88,491  |   |   |   | 68,941 |   |
| Total                                                               |   | $                       | 245,159 |   |   | $ | 229,423 |   |
|                                                                |   |                    |    |   |   |   |   |   |
| Operating income (loss) :                                           |   |                    |    |   |   |   |   |   |
| Hospitality                                                         |   | $                       | (8,303  | ) |   | $ | (24,542 | ) |
| Government                                                          |   |                    | 4,969   |   |   |   | 4,344 |   |
| Other                                                               |   |                    | (649    | ) |   |   | (594 | ) |
|                                                                |   |                    | (3,983  | ) |   |   | (20,792 | ) |
| Other income, net                                                   |   |                    | 876     |   |   |   | 203 |   |
| Interest expense                                                    |   |                    | (69     | ) |   |   | (211 | ) |
| Income from continuing operations before provision for income taxes |   | $                       | (3,176  | ) |   | $ | (20,800 | ) |
|                                                                |   |                    |    |   |   |   |   |   |
| Identifiable assets:                                                |   |                    |    |   |   |   |   |   |
| Hospitality                                                         |   | $                       | 88,298  |   |   | $ | 89,135 |   |
| Government                                                          |   |                    | 9,012   |   |   |   | 12,617 |   |
| Other                                                               |   |                    | 26,455  |   |   |   | 11,009 |   |
| Total                                                               |   | $                       | 123,765 |   |   | $ | 112,761 |   |
|                                                                |   |                    |    |   |   |   |   |   |
| Goodwill:                                                           |   |                    |    |   |   |   |   |   |
| Hospitality                                                         |   | $                       | 6,116   |   |   | $ | 6,116 |   |
| Government                                                          |   |                    | 736     |   |   |   | 736 |   |
| Total                                                               |   | $                       | 6,852   |   |   | $ | 6,852 |   |
|                                                                |   |                    |    |   |   |   |   |   |
| Depreciation and amortization:                                      |   |                    |    |   |   |   |   |   |
| Hospitality                                                         |   | $                       | 8,273   |   |   | $ | 2,199 |   |
| Government                                                          |   |                    | 78      |   |   |   | 78 |   |
| Other                                                               |   |                    | 372     |   |   |   | 371 |   |
| Total                                                               |   | $                       | 8,723   |   |   | $ | 2,648 |   |
|                                                                |   |                    |    |   |   |   |   |   |
| Capital expenditures including software costs:                      |   |                    |    |   |   |   |   |   |
| Hospitality                                                         |   | $                       | 5,247   |   |   | $ | 8,121 |   |
| Government                                                          |   |                    | 38      |   |   |   | 20 |   |
| Other                                                               |   |                    | 46      |   |   |   | 144 |   |
| Total                                                               |   | $                       | 5,331   |   |   | $ | 8,285 |   |

----

|            |   | December 31, |    |
|-----------------|--------|--------------|---------|
|            |   | 2012         |    |   | 2011 |   |
| United States   |   | $            | 209,683 |   |   | $ | 198,764 |   |
| Other Countries |   |         | 35,476  |   |   |   | 30,659 |   |
| Total           |   | $            | 245,159 |   |   | $ | 229,423 |   |
|            |  | December 31, |         |
|-----------------|--|--------------|---------|
|            |  | 2012         |         |  | 2011 |  |
| United States   |  | $            | 107,149 |  |  | $ | 100,310 |  |
| Other Countries |  |              | 16,616  |  |  |  | 12,451 |  |
| Total           |  | $            | 123,765 |  |  | $ | 112,761 |  |
|                       |  | December 31, |     |
|----------------------------|--|--------------|-----|
|                       |  | 2012         |     |  | 2011 |  |
| Hospitality segment:       |  |              |     |  |  |  |
| McDonald's Corporation     |  |              | 20  | % |  |  | 29 | % |
| Yum! Brands, Inc.          |  |              | 15  | % |  |  | 13 | % |
| Government segment:        |  |              |     |  |  |  |  |  |
| U.S. Department of Defense |  |              | 36  | % |  |  | 30 | % |
| All Others                 |  |              | 29  | % |  |  | 28 | % |
|                       |  |              | 100 | % |  |  | 100 | % |

----

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|           | PAR TECHNOLOGY CORPORATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| March 13, 2013 | /s/Paul B. Domorski                                                                               |
|           | Paul B. Domorski                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|           | Chairman & Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Signatures | Title | Date |
|------------|-------|------|
| /s/Paul B. Domorski      |                                                                                                         |           |
|------------------------------------|--------------------------------------------------------------------------------------------------------------|----------------|
| Paul B. Domorski                   | President & Chief Executive  Officer                                                           | March 13, 2013 |
|                               |                                                                                                         |           |
| /s/John W. Sammon                  |                                                                                                              |                |
| John W. Sammon                     | Director, Chairman Emeritus                                                                                  | March 13, 2013 |
|                                    |                                                                                                              |                |
| /s/ Sangwoo Ahn          |                                                                                                         |           |
| Sangwoo Ahn                        | Director                                                                                                     | March 13, 2013 |
|                               |                                                                                                         |           |
| /s/ James A. Simms       |                                                                                                         |           |
| James A. Simms                     | Director                                                                                                     | March 13, 2013 |
|                               |                                                                                                         |           |
| /s/ Kevin R. Jost        |                                                                                                         |           |
| Kevin R. Jost                      | Director                                                                                                     | March 13, 2013 |
|                               |                                                                                                         |           |
| /s/ Ronald J. Casciano   |                                                                                                         |           |
| Ronald J. Casciano                 | Sr. Vice President, Chief Financial  Officer and Treasurer                                         | March 13, 2013 |
|                               |                                                                                                         |           |
| /s/ Steven Malone        |                                                                                                         |           |
| Steven Malone                      | Vice President, Controller and  Chief Accounting Officer  (Principal Accounting Officer) | March 13, 2013 |

----

| Exhibit No. | Description of Instrument                                |                                                                                                                                                              |
|-------------|----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1         | Certificate of Incorporation, as amende                  | Filed as Exhibit 3(i) to the quarterly report on Form 10Q for the period ended June 30, 2006, of PAR Technology Corporation and incorporated herein by reference. |
|        |                                                     |                                                                                                                                                              |
| 3.3         | By-laws, as amended.                                     | Filed as Exhibit 3.1 to Registration Statement on Form S-2 (RegistrationNo. 333-04077) of PAR Technology Corporation incorporated herein byreference.             |
|        |                                                     |                                                                                                                                                              |
| 4           | Specimen Certificate representing the Common Stock.      | Filed as Exhibit 4  to Registration Statement on Form S-2 (RegistrationNo. 333-04077) of PAR Technology Corporation incorporated herein byreference.         |
|        |                                                     |                                                                                                                                                              |
| 10.1        | Letter of Agreement with Sanmina– SCI Corporation  | Filed as Exhibit 10.1 to Form S-3/A (Registration No. 333-102197) of PAR Technology Corporation incorporated herein by reference.                                 |
|        |                                                     |                                                                                                                                                              |
| 10.2        | JP Morgan term loan.                                     | Filed as Exhibit 10.3 to Form 10-K for the year ended December 31, 2006 and incorporated herein by reference.                                                     |
|        |                                                     |                                                                                                                                                              |
| 10.3        | 2005 Equity Incentive Plan of PAR Technology Corporation | Filed as Exhibit 4.2 to Form S-8 (Registration No. 333-137647) of PAR Technology Corporation and incorporated herein by reference.                                |
|        |                                                     |                                                                                                                                                              |
| 10.4        | Form of Stock Option Award Agreement                     | Filed as Exhibit 4.3 to Form S-8 (Registration No. 333-137647) of PAR Technology Corporation and incorporated herein by reference.                                |
|        |                                                     |                                                                                                                                                              |
| 10.5        | Form of Restricted Stock Award Agreement                 | Filed as Exhibit 4.4 to Form S-8 (Registration No. 333-137647) of PAR Technology Corporation and incorporated herein by reference.                                |
|        |                                                     |                                                                                                                                                              |
| 10.6        | Pledge and Security Agreement  with JP Morgan Chase | Filed as Exhibit 10.2 to Form 8-K dated June 16, 2008 of PAR Technology Corporation and incorporated herein by reference.                                         |

----

| Exhibit No.                                                                       | Description of Instrument                                                                                                                                                                                                              |                                                                                                                        |
|-----------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|
| 10.7                                                                              | Employment Agreement Between ParTech, Inc. and A. Edwin Soladay                                                                                                                                                                        | Filed as Exhibit 10(iii)(A) to Form 10-Q for the quarter ended March 31, 2009 and Incorporated herein by reference.         |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 10.8                                                                              | Employment Agreement Between PAR Technology Corporation and Ronald J. Casciano.                                                                                                                                                        | Filed as Exhibit 10(iii)(A) to Form 10-K for the year ended December 31, 2010 and Incorporated herein by reference.         |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 10.9                                                                              | April 2011 – Employment Agreement Between PAR Technology Corporation and Paul B. Domorski.                                                                                                                                       | Filed as an Exhibit 10(iii)(A) to Form 10-Q for the quarter ended June 30, 2011 and incorporated herein by reference.       |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 10.10                                                                             | June 2011 – Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A; NBT Bank, N.A.; Alliance Bank, N.A.                                                                                                             | Filed as an Exhibit 10.1 to Form 8-K dated June 6, 2011 of PAR Technology Corporation and incorporated herein by reference. |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 10.11                                                                             | June 2011 - Amendment No. 1 to Pledge and Security Agreement with JPMorgan Chase Bank, N.A.                                                                                                                                            | Filed as an Exhibit 10.2 to Form 8-K dated June 6, 2011 of PAR Technology Corporation and incorporated herein by reference. |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 10.12                                                                             | December 2011 – Waiver and Consent among PAR Technology Corporation, JPMorgan Chase Bank, N.A; NBT Bank, N.A.; Alliance Bank, N.A.                                                                                               |                                                                                                                        |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 10.13 ***                                                                         | December 2011 - Asset Purchase and Sale Agreement by and between PAR Technology Corporation , PAR Government Systems Corporation, PAR Logistics Management Systems Corporation and  ORBCOMM Inc. and PLMS Acquisition, LLC.       |                                                                                                                        |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 10.14                                                                             | February 2013 - Amendment No. 2 to Pledge and Security Agreement with JPMorgan Chase Bank, N.A.                                                                                                                                   |                                                                                                                        |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 22                                                                                | Subsidiaries of the registrant                                                                                                                                                                                                         |                                                                                                                        |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 23.1                                                                              | Consent of Independent Registered Public Accounting Firm                                                                                                                                                                               |                                                                                                                        |
| 23.2                                                                              | Consent of Independent Registered Public Accounting Firm                                                                                                                                                                               |                                                                                                                        |
| 31.1                                                                              | Certification of Chairman of the Board and Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                          |                                                                                                                        |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 31.2                                                                              | Certification of Sr. Vice President, Chief Financial Officer, and Treasurer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                 |                                                                                                                        |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| 32.1                                                                              | Certification of Chairman of the Board and Chief Executive Officer and Vice President, Chief Financial Officer and Treasurer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |                                                                                                                        |
|                                                                              |                                                                                                                                                                                                                                   |                                                                                                                        |
| ***              | Portions of this Exhibit have been omitted pursuant to a request for confidential treatment.  The omitted portions have been separately filed with the Securities and Exchange Commission.                                        |

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