ASSET PURCHASE AGREEMENT by and among SOLOMON TECHNOLOGIES, INC. And DEL-INC ACQUISITION LLC (as Buyers) And DELTRON, INC. And ITS SUBSIDIARY AND SHAREHOLDERS (as Sellers) Dated June 1, 2007Asset Purchase Agreement • August 20th, 2007 • Solomon Technologies Inc • Motors & generators • Connecticut
This Asset Purchase Agreement (“Agreement”) is dated June 1, 2007, by and among Solomon Technologies, Inc., a Delaware corporation (“Buyer”) by itself and through its wholly-owned subsidiary Del-Inc Acquisition LLC, a Delaware limited liability company (“Acquisition Sub”; together with Buyer, the “Buyers”), Deltron, Inc., a Pennsylvania corporation (“Seller”), Corporacion Delinc S.A. de CV, a Reynosa, Tamaulipas, Mexico corporation (“Subsidiary”), Aaron Anton, a resident of the Commonwealth of Pennsylvania (“Anton”), and the other shareholders listed in Part 3.3 hereto (“Other Shareholders”; together with Anton, collectively, “Shareholders”).
Solomon Technologies, Inc. June 4, 2007 (Date of Grant) Stock Option AgreementStock Option Agreement • August 20th, 2007 • Solomon Technologies Inc • Motors & generators • Delaware
Solomon Technologies, Inc., a Delaware corporation (the “Company”), hereby grants to Jack Worthen (the “Optionee”) an option to purchase shares of its Common Stock, par value $0.001 per share (the “Common Stock”), subject to the following:
