SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 8th, 2014 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of May 5, 2014, between World Surveillance Group Inc., a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and permitted assigns, a “Purchaser” and collectively, the “Purchasers”).
CONSULTING AGREEMENTConsulting Agreement • May 8th, 2014 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • New York
THIS CONSULTING AGREEMENT (the “Agreement”) is made and entered into effective the __ day of May, 2014 (the “Effective Date”) by and between ___________________, with its principal place of business at _______________________________________ (the “Consultant”), and World Surveillance Group Inc., with its headquarters at State Road 405, Building M6-306A, Room 1400, Kennedy Space Center, FL 32815 (the “Client”).
SECURITIES EXCHANGE AGREEMENTSecurities Exchange Agreement • May 8th, 2014 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • New York
This SECURITIES EXCHANGE AGREEMENT (this “Agreement”) dated as of May 5, 2014, is by and among Drone Aviation Corp., a Nevada corporation (the “Parent”), Lighter Than Air Systems Corp., a Florida corporation (the “Company”) and World Surveillance Group Inc., a Delaware corporation and sole shareholder of the Company (the “Shareholder”). Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.”
LOCK-UP AGREEMENTLock-Up Agreement • May 8th, 2014 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • New York
The undersigned is a beneficial owner of shares of capital stock or securities convertible into or exercisable or exchangeable for the capital stock (each, a “Company Security”) of Lighter Than Air Systems Corp., a Florida Corporation (the “Company”). The undersigned understands that the Company will merge or otherwise combine (the “Merger”) with and, as a result, become a wholly-owned subsidiary of, Drone Aviation Corp., a Nevada company (“Parent”). The undersigned understands that the Company and Parent will proceed with the Merger in reliance on this Letter Agreement.
