SHARE EXCHANGE AGREEMENT BY AND AMONG HYBRID DYNAMICS CORPORATION, DELAWARE AMERICAN MOTORS, INC., MARK KLEIN, THE PRINCIPAL SHAREHOLDER OF DELAWARE AMERICAN MOTORS, INC., AND THE OTHER SHAREHOLDERS OF DELAWARE AMERICAN MOTORS, INC. Dated May 12, 2008Share Exchange Agreement • May 16th, 2008 • Hybrid Dynamics Corp • Motorcycles, bicycles & parts • Nevada
THIS SHARE EXCHANGE AGREEMENT (the “Agreement”), is made and entered into effective this 12th day of May, 2008, by and among DELAWARE AMERICAN MOTORS, INC., a Nevada corporation (“DAM”), HYBRID DYNAMICS CORPORATION, a Nevada corporation (“Hybrid”), MARK KLEIN, the principal shareholder of DAM (“Principal Shareholder”), and the other individual shareholders of DAM listed on Annex A attached hereto (each a “Shareholder” and together with the Principal Shareholder, the “Shareholders”).
ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • May 16th, 2008 • Hybrid Dynamics Corp • Motorcycles, bicycles & parts
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Assignment"), is made as of the 12th day of May, 2008, by and between MARK S. KLEIN, an individual residing in the State of New Jersey ("Assignor"), and DELAWARE AMERICAN MOTORS, LLC, a Delaware limited liability company ("Assignee").
EMPLOYMENT AGREEMENTEmployment Agreement • May 16th, 2008 • Hybrid Dynamics Corp • Motorcycles, bicycles & parts • New Jersey
THIS EMPLOYMENT AGREEMENT is entered into as of the 8th day of May, 2008, by and between Mark S. Klein, having an address at 228 Grant Avenue, Totowa, NJ 07512 (the “Employee”) and Delaware American Motorcycles, Inc., a Nevada corporation having an address for the purpose of this Agreement at 52-66 Iowa Avenue, Paterson, NJ 07503 (the “Employer”). I. EMPLOYMENT Employer employs Employee, and Employee accepts employment with Employer, on the terms and conditions set forth in this Agreement. II. TERM OF EMPLOYMENT 2.1 Effective Date and Term; Renewal (a) This Agreement shall be effective on May 8, 2008 (the “Effective Date”) and shall continue in full force and effect for an “Initial Term” of two (2) years, unless until terminated by either party in accordance with the Section 2.2 below. (b) This Agreement shall automatically be renewed for successive one (1) year “Renewal Terms” terms unless either party gives written notice of termination at least one hundred twenty
