STOCK PURCHASE AGREEMENT by and among FORCEFIELD ENERGY INC., as Buyer, Mitchell Barack, as Seller and ESCO Energy Services Company Dated as of October 17, 2014Stock Purchase Agreement • October 22nd, 2014 • ForceField Energy Inc. • Plastic materials, synth resins & nonvulcan elastomers • New York
THIS STOCK PURCHASE AGREEMENT (together with all Disclosure Schedules and Exhibits hereto, this “Agreement”), dated as of October 17, 2014, is entered into by and among ForceField Energy Inc., a Nevada corporation (“Buyer”), ESCO Energy Services Company, a Massachusetts corporation (the “Company”), and Mitchell Barack, the president and sole stockholder of the Company (the “Seller”). Certain capitalized terms not otherwise defined in the text of this Agreement are defined in Section 10.1 hereof.
STOCK PLEDGE AND SECURITY AGREEMENTStock Pledge and Security Agreement • October 22nd, 2014 • ForceField Energy Inc. • Plastic materials, synth resins & nonvulcan elastomers
This Stock Pledge and Security Agreement, dated as of October 17, 2014 (this “Agreement”), is between ForceField Energy Inc., a Nevada corporation (the “Pledgor”), and Mitchell Barack (the “Seller”).
FORM OF SELLER NOTE 2ForceField Energy Inc. • October 22nd, 2014 • Plastic materials, synth resins & nonvulcan elastomers • New York
FOR VALUE RECEIVED, ForceField Energy Inc., a Nevada corporation (the “Company”), hereby promises to pay to the order of Mitchell Barack, his heirs, successors and assigns (collectively, “Holder”), the principal sum of $1,075,000 (the “Principal Amount”), pursuant to the terms of this note (this “Seller Note 2”).
LOCK-UP AGREEMENTLock-Up Agreement • October 22nd, 2014 • ForceField Energy Inc. • Plastic materials, synth resins & nonvulcan elastomers
Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of even date herewith, by and among by and among ForceField Energy Inc., a Nevada corporation (“Buyer”), ESCO Energy Services Company, a Massachusetts corporation (the “Company”) and Mitchell Barack, the owner of all of the issued and outstanding capital stock of the Company (the “Seller”). All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.
