OPTION AGREEMENTOption Agreement • September 6th, 2007 • Blastgard International Inc • Miscellaneous chemical products • Florida
This Agreement and Plan of Merger and Reorganization (“Agreement”) is entered into as of __________ __, 2007, by and among BlastGard International, Inc., a Colorado corporation ( “Parent”) with an office located at 2451 McMullen Booth Road, Ste. 207, Clearwater, FL 33759, BlastGard Michigan, Ltd., a Michigan Corporation and a wholly owned subsidiary of Parent (“Merger Sub”) with its offices located at 1301 W. Easterday Ave., Sault Ste. Marie, MI 49783, (collectively the “Buyer”), and Innovative Composites Inc., a Michigan corporation (the “Company”) 1301 W. Easterday Ave., Sault Ste. Marie, MI 49783” or in the alternative “Target”), and the holders of all of the outstanding capital stock of the Company (the “Shareholders”) namely as follows: Anthony Andary (“A. Andary”) with a mailing address at c/o Innovative Composites, 1301 W. Easterday Ave., Sault Ste. Marie, MI 49783, Terry Ball (“Ball”) with a mailing address at 17281 S. Scenic Drive, Barbeau, MI 49710, Howard Wood (“Wood”) with
