STOCK PURCHASE AGREEMENTStock Purchase Agreement • February 14th, 2011 • Iteris, Inc. • Communications equipment, nec • California
THIS STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of December 23, 2010, is made and entered into by and among Iteris, Inc., a Delaware corporation having a principal address at 1700 Carnegie Avenue, Suite 100, Santa Ana, CA 92705 (the “Buyer”), Meridian Environmental Technology, Inc., a North Dakota corporation having a principal address at 4324 University Avenue, Suite B, Grand Forks, ND 58203 (the “Company”), Kathy J. Osborne, Leon F. Osborne, Jr., Mark Owens, Bryan Hahn, John Mewes, Cory Block (each an “Individual Seller” and collectively, the “Individual Sellers”), and The UND Aerospace Foundation, (“UNDAF” or “Public Seller”) (each of the Individual Sellers and Public Seller a “Seller” and collectively, “Sellers”), and Kathy J. Osborne, as the Shareholders Representative.
