STOCK PURCHASE AGREEMENT dated as of March 28, 2013 among LIGHTER THAN AIR SYSTEMS CORP., WORLD SURVEILLANCE GROUP INC. and FELICIA and KEVIN HESSStock Purchase Agreement • April 1st, 2013 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • Delaware
Contract Type FiledApril 1st, 2013 Company Industry JurisdictionAGREEMENT dated as of March 28, 2013 among Lighter Than Air Systems Corp., a Florida corporation (the "Company"); Felicia Hess ("Seller"); Kevin Hess (“KHess”) and World Surveillance Group Inc., a Delaware corporation ("Buyer"). For purposes hereof, the above are collectively referred to as the Parties, and individually as, a Party.
STOCK PURCHASE AGREEMENT dated as of May 25, 2011Stock Purchase Agreement • May 31st, 2011 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • Delaware
Contract Type FiledMay 31st, 2011 Company Industry JurisdictionPage ARTICLE I — DEFINITIONS 4 1.01. Definitions 4 ARTICLE II — PURCHASE AND SALE 9 2.01. Purchase and Sale 9 2.02. Closing 10 2.03. Closing Balance Sheet 12 2.04. Adjustment of Purchase Price 14 2.05. Certificates for Buyer Shares 14 2.06. Escrow Account 15 ARTICLE III — REPRESENTATIONS AND WARRANTIES RELATING TO THE COMPANY 18 3.01. Corporate Existence and Power 18 3.02. Corporate Authorization 18 3.03. Governmental Authorization; Consents 18 3.04. Non-Contravention 19 3.05. Capitalization 19 3.06. Subsidiaries 20 3.07. Financial Statements 20 3.08. Absence of Certain Changes 20 3.09. Property and Equipment 21 3.10. No Undisclosed Material Liabilities 22 3.11. Litigation 22 3.12. Material Contracts 23 3.13. Insurance Coverage 24 3.14. Compliance with Laws; No Defaults 24 3.15. Finders, Fees 25 3.16. Intellectual Property 25 3.17. Taxes 26 3.18. Employees 28 3.19. Environmental Compliance 28 3.20. Customers and Suppliers 31 3.21. Transactions with Affiliates 31 3.22. Other Information