STOCK PURCHASE AGREEMENTStock Purchase Agreement • November 20th, 2007 • Somerset International Group,inc. • Communications equipment, nec • New Jersey
THIS STOCK PURCHASE AGREEMENT (this “Agreement”), which is effective as of October 1, 2007, is executed on the day last set forth below, by and among Somerset International Group, Inc., a Delaware corporation (hereinafter “Somerset” or the “Buyer”), and Vincent A. Bianco, an individual, and Opie F. Brinson, an individual, being all of the shareholders of Fire Control Electrical Systems, Inc. (hereinafter collectively “Sellers” and each individually, a “Seller”).
ADDENDUMWarrant Addendum • November 20th, 2007 • Somerset International Group,inc. • Communications equipment, nec
This Addendum (“Addendum”), to the Warrant Number June 2007 101 dated June 12, 2007 (the "June Warrant") between Dutchess Private Equities Fund, Ltd ("Dutchess") and Somerset International, Inc. (the "Company") is made this 12th day of November, 2007.
ESCROW AGREEMENTEscrow Agreement • November 20th, 2007 • Somerset International Group,inc. • Communications equipment, nec • New Jersey
THIS ESCROW AGREEMENT is entered into as of this ___ day of November, 2007, by and among Somerset International Group, Inc., a Delaware corporation (hereinafter “Somerset” or the “Buyer”), Vincent A. Bianco and Opie F. Brinson, being all of the shareholders of Fire Control Electrical Systems, Inc. (hereinafter collectively “Sellers” and each individually, a “Seller”), and Picinich & McClure, Esqs., 139 Harristown Road, Suite 101, Glen Rock, New Jersey 07452 (“Escrow Agent”)
CONSULTING, CONFIDENTIALITY, AND NON-COMPETITION AGREEMENTConsulting, Confidentiality, and Non-Competition Agreement • November 20th, 2007 • Somerset International Group,inc. • Communications equipment, nec • New Jersey
This Consulting, Confidentiality, and Non-competition Agreement (this “Agreement”) is made and entered into on this 13th day of November, 2007, by and among Somerset International Group, Inc., a Delaware corporation (hereinafter “Somerset” or the “Buyer”), Opie F. Brinson (“Brinson”), and Fire Control Electrical Systems, Inc., a New Jersey corporation (“FCES”). Somerset and FCES are sometimes collectively referred to as “the Companies”.
