STOCK PURCHASE AGREEMENT dated as of June 17, 2022 by and amongStock Purchase Agreement • June 21st, 2022 • Rekor Systems, Inc. • Communications equipment, nec • Delaware
This STOCK PURCHASE AGREEMENT (this “Agreement”) is entered into as of June 17, 2022, by and among REKOR SYSTEMS, INC., a Delaware corporation (“Buyer”), SOUTHERN TRAFFIC SERVICES, INC., a Florida corporation (the “Company”), each of (i) Mark Knowles and (ii) Sheila R. Knowles as Trustee under the Revocable Living Trust Agreement of Sheila R. Knowles dated November 25, 2003, Amended and Restated on April 15, 2010 (together, “Sellers” (and each individually a “Seller”)), and Sheila Knowles, as the representative of Sellers (the “Representative”). Buyer, the Company, Sellers and the Representative are sometimes individually referred to herein as a “Party” and collectively herein as the “Parties”. To the extent that capitalized terms are not defined in the text hereof, such terms shall have the meanings set forth in Exhibit A hereto.
