0001144204-11-061933 Sample Contracts

SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • November 8th, 2011 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • Florida

This Securities Purchase Agreement (this "AGREEMENT") is dated as of November 2, 2011, among World Surveillance Group Inc., a Delaware corporation (the "COMPANY"), and the purchasers identified on the signature pages hereto (each a "PURCHASER" and collectively the "PURCHASERS"); and

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CONVERSION AGREEMENT
Conversion Agreement • November 8th, 2011 • World Surveillance Group Inc. • Telephone communications (no radiotelephone) • Delaware

THIS CONVERSION AGREEMENT (the “Agreement”), dated as of November 2, 2011 is made by and between World Surveillance Group Inc., a Delaware corporation (“Company”), and Barbara M. Johnson, the Vice President, General Counsel and Secretary of the Company (“Employee” and, together with the Company, the “Parties”, or each individually, a “Party”).

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