STOCK PURCHASE AGREEMENT AMONG ULTRALIFE BATTERIES, INC. AND STATIONARY POWER SERVICES, INC. AND WILLIAM MAHER OCTOBER 30, 2007Stock Purchase Agreement • March 19th, 2008 • Ultralife Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New York
This Stock Purchase Agreement (this “Agreement”) is entered into as of October 30, 2007, by and among Ultralife Batteries, Inc., a Delaware corporation (“Buyer”), Stationary Power Services, Inc., a Florida corporation (“Target”), and William Maher (“Seller”). Buyer, Target and Seller are referred to collectively herein as the “Parties.”
ContractUltralife Batteries Inc • March 19th, 2008 • Miscellaneous electrical machinery, equipment & supplies • New York
THE SECURITY REPRESENTED BY THIS INSTRUMENT WAS ORIGINALLY ISSUED ON NOVEMBER 16, 2007, AND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE TRANSFER OF SUCH SECURITY IS SUBJECT TO THE CONDITIONS SPECIFIED IN THE STOCK PURCHASE AGREEMENT, DATED AS OF OCTOBER 30, 2007, AS AMENDED AND MODIFIED FROM TIME TO TIME, BY AND AMONG ULTRALIFE BATTERIES, INC. (THE “COMPANY”), WILLIAM MAHER AND STATIONARY POWER SERVICES, INC., AND THE COMPANY RESERVES THE RIGHT TO REFUSE THE TRANSFER OF SUCH SECURITY UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER. UPON WRITTEN REQUEST, A COPY OF SUCH CONDITIONS SHALL BE FURNISHED BY THE COMPANY TO THE HOLDER HEREOF WITHOUT CHARGE.
