STOCK PURCHASE AGREEMENT by and among IMPLANT SCIENCES CORPORATION, ACCUREL SYSTEMS INTERNATIONAL CORPORATION, MAJID GHAFGHAICHI AND VAHE SARKISSIAN March 9, 2005Stock Purchase Agreement • March 11th, 2005 • Implant Sciences Corp • Surgical & medical instruments & apparatus • California
This STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of March 9, 2005 (the “Execution Date”), by and among Implant Sciences Corporation, a Massachusetts corporation (the “Purchaser” or “IMX”), Accurel Systems International Corporation, a California corporation (the “Company”), and Majid Ghafghaichi and Vahe Sarkissian (collectively, the “Company Stockholders”). The Purchaser, the Company and each of the Company Stockholders are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
HOLDBACK AND ESCROW AGREEMENTHoldback and Escrow Agreement • March 11th, 2005 • Implant Sciences Corp • Surgical & medical instruments & apparatus • California
This Agreement (this “Agreement”) is dated as of the 9th day of March, 2005 among IMPLANT SCIENCES CORPORATION., a Massachusetts corporation (the “Company”), Majid Ghafghaichi and Vahe Sarkissian (collectively, the “Company Stockholders”), and White & Lee LLP (the “Escrow Agent”):
NOTE AND SECURITY AGREEMENTNote and Security Agreement • March 11th, 2005 • Implant Sciences Corp • Surgical & medical instruments & apparatus • California
This NOTE AND SECURITY AGREEMENT, effective as of March 9, 2005, executed by IMPLANT SCIENCES CORPORATION, a Massachusetts corporation (“Debtor”), in favor of MAJID GHAFGHAICHI, an individual, and VAHE SARKISSIAN, an individual (each of which a “Secured Party” and collectively, the “Secured Parties”).
