STOCK PURCHASE AGREEMENT by and among RLJ ACQUISITION, INC., ACORN MEDIA GROUP, INC., THE SHAREHOLDERS OF ACORN MEDIA GROUP, INC., and Peter Edwards, as the SHAREHOLDER REPRESENTATIVE Dated as of April 2, 2012Stock Purchase Agreement • April 6th, 2012 • RLJ Acquisition, Inc. • Blank checks • Delaware
This Stock Purchase Agreement (this “Agreement”) is made and entered into as of April 2, 2012, by and among RLJ Acquisition, Inc., a Nevada corporation (“Buyer”), Acorn Media Group, Inc., a District of Columbia corporation (the “Company”), the shareholders of the Company listed on the attached Exhibit A, as such Exhibit may be updated pursuant to Section 9.11 from time-to-time to add individuals that have exercised Options (as defined herein) and have purchased the underlying Stock (as defined herein) prior to the Closing (as defined herein) (each, a “Shareholder,” and collectively, the “Shareholders”), and Peter Edwards, as the Shareholder Representative (as defined herein).
