SHARE EXCHANGE AGREEMENT
BY AND AMONG
HYBRID DYNAMICS CORPORATION,
DELAWARE AMERICAN MOTORS, INC.,
MARK KLEIN, THE PRINCIPAL SHAREHOLDER OF DELAWARE
AMERICAN MOTORS, INC.,
AND
THE OTHER SHAREHOLDERS OF DELAWARE AMERICAN MOTORS, INC.


Dated May 12, 2008

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TABLE OF CONTENTS

			Page
ARTICLE I THE SHARE EXCHANGE AND RELATED TRANSACTIONS...............................			1
	1.1	The Tax Free Share Exchange...............................................................................	1
	1.2	Exchange of DAM Common Stock Certificates.....................................................	2
	1.3	Related Provisions.................................................................................................	2
	1.4	Approval of Share Exchange.................................................................................	2
ARTICLE II THE CLOSING..........................................................................................................			3
	2.1	Closing; Closing Date............................................................................................	3
	2.2	DAM Closing Actions...........................................................................................	3
	2.3	Hybrid Closing Actions..........................................................................................	4
	2.4	Other Actions........................................................................................................	4
ARTICLE III REPRESENTATIONS AND WARRANTIES OF DAM, THE                PRINCIPAL SHAREHOLDER AND OTHER SHAREHOLDERS OF DAM.................			4
	3.1	Organization and Qualification................................................................................	4
	3.2	Authorization; Validity and Effect of Agreement......................................................	5
	3.3	DAM Subsidiaries.................................................................................................	5
	3.4	No Conflict; Required Filings and Consents...........................................................	6
	3.5	Capitalization; Ownership of DAM Shares.............................................................	6
	3.6	Financial Statements..............................................................................................	7
	3.7	Properties and Assets............................................................................................	7
	3.8	Intellectual Property...............................................................................................	8
	3.9	No Undisclosed Liabilities.....................................................................................	9
	3.10	Related Party Transactions....................................................................................	9
	3.11	Litigation...............................................................................................................	9
	3.12	Taxes....................................................................................................................	10
	3.13	Insurance..............................................................................................................	10
	3.14	Compliance..........................................................................................................	10
	3.15	Material Contracts................................................................................................	11
	3.16	Labor Relations.....................................................................................................	11
	3.17	Environmental Matters...........................................................................................	12
	3.18	Absence of Certain Changes or Events..................................................................	12
	3.19	Investment Intent...................................................................................................	13
	3.20	Employee Benefit Matters.....................................................................................	13
	3.21	Brokers and Finders Fees.....................................................................................	14
	3.22	Termination of Business Relationships....................................................................	14
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF HYBRID....................................			14
	4.1	Organization and Qualification................................................................................	14
	4.2	Authorization; Validity and Effect of Agreement......................................................	14

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	4.3	No Conflict; Required Filings and Consents...........................................................	15
	4.4	Capitalization.........................................................................................................	15
	4.5	SEC Reports and Financial Statements..................................................................	16
	4.6	Brokers', Finders' and Transaction Fees................................................................	17
	4.7	No Undisclosed Liabilities.....................................................................................	17
	4.8	Litigation...............................................................................................................	17
	4.9	Taxes...................................................................................................................	17
	4.10	Compliance..........................................................................................................	17
	4.11	Material Contracts................................................................................................	18
	4.12	Absence of Certain Changes or Events..................................................................	19
ARTICLE V CERTAIN COVENANTS.........................................................................................			19
	5.1	Conduct of Business by DAM...............................................................................	19
	5.2	Conduct of Business by Hybrid.............................................................................	21
	5.3	Access to Information...........................................................................................	22
	5.4	Confidentiality; No Solicitation...............................................................................	22
	5.5	Best Efforts; Consents...........................................................................................	23
	5.6	Further Assurances...............................................................................................	24
	5.7	Public Announcements..........................................................................................	24
	5.8	Notification of Certain Matters..............................................................................	24
	5.9	Prohibition on Trading in Hybrid Securities.............................................................	24
	5.10	Financial Statements..............................................................................................	25
	5.11	Additional DAM Information.................................................................................	25
	5.12	Intellectual Property...............................................................................................	25
	5.13	Board of Directors................................................................................................	25
ARTICLE VI CONDITIONS TO CONSUMMATION OF THE SHARE EXCHANGE..............			25
	6.1	Conditions to Obligations of DAM and the Principal Shareholder...........................	25
	6.2	Conditions to Obligations of Hybrid.......................................................................	26
	6.3	Other Conditions to Obligations of DAM, the Principal Shareholder & Hybrid........	27
ARTICLE VII TERMINATION.....................................................................................................			27
	7.1	Termination...........................................................................................................	27
	7.2	Procedure and Effect of Termination......................................................................	28
ARTICLE VIII MISCELLANEOUS...............................................................................................			28
	8.1	Entire Agreement...................................................................................................	28
	8.2	Amendment and Modifications...............................................................................	28
	8.3	Extensions and Waivers.........................................................................................	28
	8.4	Successors and Assigns.........................................................................................	29
	8.5	Survival of Representations, Warranties and Covenants..........................................	29
	8.6	Headings; Definitions.............................................................................................	29
	8.7	Severability...........................................................................................................	29
	8.8	Expenses...............................................................................................................	29
	8.9	Notices.................................................................................................................	29
	8.10	Governing Law......................................................................................................	30
	8.11	Counterparts.........................................................................................................	30

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	8.12	Force Majeure......................................................................................................	30
	8.13	Certain Definitions.................................................................................................	30

Annexes

Annex A

Shareholders of DAM

Exhibits

Exhibit 3.1	Articles of Incorporation and Bylaws of DAM
Exhibit 3.6	DAM Financial Statements
Exhibit 5.12	Assignment of Intellectual Property Rights
Exhibit 6.1(c)	Hybrid Officers? Certificate
Exhibit 6.2(c)	DAM Officers? and Principal Shareholder?s Certificate

Schedules

Schedule 3.5(a)	Shareholders and Capitalization of DAM
Schedule 3.7	Instruments Related to DAM Real Property
Schedule 3.8	Ownership of DAM Intellectual Property
Schedule 3.9	Undisclosed Liabilities of DAM
Schedule 3.10	Related Party Transactions of DAM
Schedule 3.11	Litigation of DAM
Schedule 3.13	DAM Insurance
Schedule 3.14	Exceptions to DAM?s Compliance With Governmental Authorities
Schedule 3.15	Material Contracts of DAM
Schedule 3.16	Labor Relations of DAM
Schedule 3.18	Certain Changes or Events of DAM

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Schedule 4.8	Litigation of Hybrid
Schedule 4.10	Exceptions to Hybrid?s Compliance With Governmental Authorities
Schedule 4.11	Material Contracts of Hybrid
Schedule 4.12	Certain Changes or Events of Hybrid
Schedule 5.1	Changes in DAM?s Conduct of Business in Ordinary Course
Schedule 5.2	Changes in Hybrid?s Conduct of Business in Ordinary Course

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SHARE EXCHANGE AGREEMENT

          THIS SHARE EXCHANGE AGREEMENT (the ?Agreement?), is made and entered into effective this 12^th day of May, 2008, by and among DELAWARE AMERICAN MOTORS, INC., a Nevada corporation (?DAM?), HYBRID DYNAMICS CORPORATION, a Nevada corporation (?Hybrid?), MARK KLEIN, the principal shareholder of DAM (?Principal Shareholder?), and the other individual shareholders of DAM listed on Annex A attached hereto (each a ?Shareholder? and together with the Principal Shareholder, the ?Shareholders?).

Recitals

          WHEREAS, the Shareholders collectively own all of the issued and outstanding capital stock of DAM, consisting of Forty Five Thousand (45,000) shares of common stock, $0.001 par value per share (the ?DAM Common Stock?).

          WHEREAS, the Shareholders desire to transfer and exchange all of their shares of DAM Common Stock for newly-issued shares of common stock, $0.00015 par value per share, of Hybrid (the ?Hybrid Common Stock?).  Each share of DAM Common Stock shall be referred to herein individually as a ?DAM Share? and collectively, as the ?DAM Shares.? 

          WHEREAS, the Shareholders and Hybrid desire to consummate such transfer and exchange pursuant to the terms and conditions set forth herein.

          NOW, THEREFORE, in consideration of the foregoing premises and representations, warranties, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby agree as follows:

ARTICLE I

THE SHARE EXCHANGE AND RELATED TRANSACTIONS

          1.1       The Tax Free Share Exchange.  The transaction contemplated by this Agreement is intended to be a qualified Type "B" reorganization pursuant to Section 368 of the Internal Revenue Code of 1986, as amended (?Code?), and conforming Nevada provisions. In accordance with the provisions of this Agreement, Chapter 92A of the Nevada Revised Statutes (?NRS?) and other applicable law, on the Closing Date (as defined below), the Shareholders shall deliver to Hybrid the DAM Common Stock and in exchange therefore Hybrid shall deliver to the Shareholders Four Million Five Hundred Thousand (4,500,000) newly issued shares of Hybrid Common Stock (the ?Hybrid Exchange Shares?), on a one hundred-for-one exchange basis, the number of shares of Hybrid Common Stock to be issued to the Shareholders being stated in Section 1.2 hereof (the exchange transaction herein referred to as the ?Share Exchange?).  (The Hybrid Exchange Shares are also sometimes referred to hereinafter as the ?Exchange Consideration.?)  Hybrid shall take such actions as are necessary to permit Hybrid to issue the Exchange Consideration without causing the number of shares of Hybrid Common Stock outstanding immediately after the Closing to exceed the number of such shares that Hybrid is authorized to issue.

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          1.2       Exchange of DAM Common Stock Certificates.  Each Shareholder holding shares of DAM Common Stock shall deliver to Hybrid all certificate(s) evidencing a DAM Share and receive in exchange therefor that number of Hybrid Exchange Shares equal to one hundred (100) times the number of DAM Shares delivered by each such Shareholder to Hybrid on the Closing Date.

          1.3       Related Provisions.

                     (a)       Distributions With Respect to Unexchanged Shares.  No interest or dividends or other distributions with respect to Hybrid Common Shares with a record date after the Closing Date shall be paid to the holder of any unsurrendered certificate with respect to the DAM Shares represented thereby, and no cash payment in lieu of fractional DAM Shares shall be paid to any such holder.

                     (b)       No Further Ownership Rights in DAM Shares.  From and after the Closing Date, the holders of certificates evidencing ownership of DAM Shares outstanding immediately prior to the Closing Date shall cease to have any rights with respect to such DAM Shares, except as otherwise provided for herein or by applicable law.

                     (c)       No Fractional Shares.  No certificates or scrip representing fractional Hybrid Common Shares shall be issued upon the surrender for exchange of certificates representing DAM Shares, no dividend or distribution of Hybrid shall relate to such fractional interests and such fractional interests will not entitle the owner thereof to vote or to any rights of a shareholder of Hybrid.  Each Shareholder who would otherwise have been entitled to receive a fraction of a Hybrid Common Share (after taking into account all certificates delivered by such Shareholder) shall receive that number of Hybrid Common Shares such holder would have received if such fractional share was rounded up to the nearest whole number.


 

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