THERMOMEDICS, INC. Unaudited Pro Forma Condensed Combined Financial InformationStock Purchase Agreement • February 19th, 2016 • POSITIVEID Corp • Laboratory analytical instruments
On October 21, 2015, PositiveID Corporation (“PositiveID” or the “Buyer”) entered into a Stock Purchase Agreement (“Purchase Agreement”) for the purchase of all of the outstanding common stock of Thermomedics, Inc. (the “Company”), from Sanomedics, Inc. (“Sanomedics”) (collectively, the “Acquisition”). On December 4, 2015, the PositiveID, Sanomedics, and the Company entered into a First Amendment to the Stock Purchase Agreement (the “Amendment”). Also on December 4, 2015 the PositiveID, Sanomedics and the Company entered into a Management Services and Control Agreement (the “Control Agreement”), whereby PositiveID was appointed at the manager of Thermomedics.
