SHARE EXCHANGE AGREEMENT BY AND AMONG NEW CENTURY COMPANIES, INC., PRECISION AEROSTRUCTURES, INC., AND THE SHAREHOLDER OF PRECISION AEROSTRUCTURES, INC. Dated: October 6, 2009Share Exchange Agreement • October 15th, 2009 • New Century Companies Inc • Machine tools, metal cutting types • California
THIS SHARE EXCHANGE AGREEMENT, dated as of October 6, 2009 (this “Agreement”), by and among NEW CENTURY COMPANIES, INC., a corporation incorporated in the State of Delaware, (“NCCI”), on the one hand; and PRECISION AEROSTRUCTURES, INC. (“PAI”), a corporation incorporated in the State of California, and Michael Cabral; (the “PAI Shareholder”), on the other hand. Each of PAI, the PAI Entities and the PAI Shareholder is sometimes individually referred to herein as a “PAI Party,” and collectively as the “PAI Parties.” Each of NCCI and the NCCI Entities is sometimes individually referred to as a “NCCI Party” and collectively as the “NCCI Parties”. Each of the Parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.” Capitalized terms used herein that are not otherwise defined herein shall have the meanings ascribed to them in Exhibit A hereto.
