STOCK PURCHASE AGREEMENT
Exhibit 10.4
THIS STOCK PURCHASE AGREEMENT,
dated as of this 22nd day of July, 2009 between DirectView Holdings, Inc., a
Delaware corporation having offices at 0000 Xxxx Xxxxxx Xxxx Xxxx., Xxx 000,
Xxxx Xxxxx, XX 00000 (the "Company"), and Redrock Strategies, Inc. a
British Virgin Island corporation with its principal place of business address
Qwomar Trade Building, 3'd
Floor, Roadtown, BVI (the "Purchaser").
WHEREAS, the parties desire
that, upon the terms and subject to the conditions contained herein, the
Purchaser shall purchase up to Three Million (3,000,000) shares of the Company's
common stock, $.0001 par value per share (the "COMMON STOCK"); and
WHEREAS, the Seller agrees to
place in escrow a share certificate representing Three Million (3,000,000)
shares with the Escrow Agent in accordance with the Share Deposit Escrow
Agreement, which will be used for the take down of all shares purchased pursuant
to this Purchase Agreement; and
WHEREAS, such purchase will be
made in reliance upon the provisions of Section 4(2) under the Securities Act of
1933, as amended (the "1933 ACT") and/or upon such other exemption from the
registration requirements of the 1933 Act as may be available with respect to
any or all of the purchases of Common Stock to be made hereunder.
ARTICLE
I
PURCHASE,
SALE AND TERMS OF SHARES
1.1.
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The
Company agrees to issue and sell to the Purchaser in reliance upon
theprovisions
of Section 4(2) under the Securities Act of 1933, as amended (the "1933
ACT") and/or upon such other exemption from the registration requirements
of the 1933 Act as may be available with respect to any or all of the
purchases of Common Stock to be made hereunder in consideration of and in
express reliance upon the representations, warranties, covenants, terms
and conditions of this Agreement up to Three Million (3,000,000) shares
(the "Shares") of the Company as set forth below. Purchaser shall assign
the voting rights of the stock to Company's Board of Directors at closing,
as to all shares to be escrowed under this Stock Purchase Agreement and
which are to be purchased hereunder by
Purchaser.
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1.2.
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Closing Price.
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1.2.a The
transaction will be closed in a series of individual closings, as provided for
herein, with each separate take down being a "Closing". The Purchaser will pay
the Purchase Price of each take down by wire transfer of immediately available
funds in one single payment. Purchaser shall initiate the closing process by
sending a written Purchase Notice to Seller at the address set forth below. The
Purchase Notice shall set forth the number of Shares to be purchased, the total
consideration to be paid, the price per share and the delivery address for the
sharer certificates
(the "Closing").
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1.2.b The
Company shall sell to the Purchaser the shares at a per share purchase price
which shall be 10% of the net
proceeds .
1.3.
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Delivery of Purchase
Notice. Purchaser shall have sixty (60) days from the date
of
this Agreement to deliver one or more Purchase Notices to Seller. A
Purchase Notice may be for all or a part of the shares set forth in
Section 1.1 above. Purchaser may deliver more than one Purchase Notice,
provided however, that the number of shares purchased pursuant to all
Purchase Notices shall not exceed the number of Shares set forth in
Section 1.1. A sample Purchase Notice is attached in Schedule
1.3.
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1.4.
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Obligation of
Purchaser to Purchase the shares. The Purchaser agrees to purchase
up
to Three Million (3,000,000) shares between the date hereof and December
31, 2010. However, Purchaser shall only be liable to purchase the number
of Shares set forth in each Purchase Notice; the total number of shares
purchased may be less than Three Million (3,000,000)
shares.
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1.5.
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Escrow of Shares with
Escrow Agent.
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1.5.a.
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As
a condition for the entry into this Agreement, Purchaser requires the
Company to place into an escrow account, as set forth below, a share
certificate, made out in the name of Purchaser, representing Three Million
(3,000,000) shares of the Company's common securities. The terms and
conditions of the escrow are set forth in the Share Deposit Escrow
Agreement described in 1.5.b, below, and as further set forth in this
Agreement. The Company pursuant to this Agreement and pursuant to the
terms and conditions of the Share Deposit Escrow Agreement, shall deposit
with the Escrow Agent a share certificate representing Three Million
(3,000,000) shares of the Company's common
stock.
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1.5.b.
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The
Escrow Agent shall disburse and deliver to the Purchaser in accordance
with the Share Deposit Escrow Agreement that number of shares purchased as
set forth in the Purchase Notice, in accordance with the other applicable
provisions set forth in this Agreement. The shares shall be deducted from
the Certificate of Three Million (3,000,000) shares held in
escrow.
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1.5.c.
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The
Escrow Agent is irrevocably instructed to deliver the number of shares set
forth in the Purchase Notice upon receipt by the Escrow Agent of an
executed Purchase Notice and evidence of payment of the purchase price.
Evidence of payment for said shares shall be conclusive upon receipt by
Escrow Agent of the "wire transfer" form, properly executed by the
Purchaser's sending banking institution. At such time as the
EscrowAgent
disburses the Three Million (3,000,000) shares, or receives evidence of a
termination of this Agreement, the obligations of the transfer agent
pursuant to the Share Deposit Escrow Agreement shall be
terminated.
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1.6.
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Representations by the
Purchaser. The Purchaser makes the following representations
and warranties to the Company:
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A.
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Access to
Information The Purchaser, in making the decision to purchase the
Shares, has relied upon the representations and warranties contained in
this Agreement as well as independent investigations made by it and/or its
representatives, if any. The Purchaser and/or its representatives during
the course of this transaction, and prior to the purchase of any Shares,
has had the opportunity to ask questions of and receive answers from the
management of the Company concerning the business of the Company and to
receive any additional information, documents, records and books relative
to the business, assets, financial condition, results of operations and
liabilities (contingent or otherwise) of the
Company.
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B.
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Sophistication and
Knowledge. The Purchaser and/or its representatives has
such knowledge and experience in financial and business matters that it
can represent itself and is capable of evaluating the merits and risks of
the purchase of the Shares. The Purchaser is not relying on the Company
with respect to the tax and other economic considerations of an investment
in the Shares, and the Purchaser has relied on the advice of, or has
consulted with, only the Purchaser's own advisor(s). The Purchaser
represents that it has not been organized for the purpose of acquiring the
Shares.
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C.
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Lack of
Liquidity. The Purchaser acknowledges that the purchase of the
Shares
involves a high degree of risk and further acknowledges that it can bear
the economic risk of the purchase of the Shares, including the total loss
of its investment. The Purchaser acknowledges and understands that the
Shares are restricted, and are subject to various resale restrictions in
accordance with the securities laws of the United States. The Purchaser
has no present need for liquidity in connection with its purchase of the
Shares.
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D.
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No Public
Solicitation. The Purchaser is not subscribing for the Shares as
a
result of or subsequent to any advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or
broadcast over television or radio, or presented at any seminar or
meeting, or any solicitation of a subscription by a person not previously
known to the Purchaser in connection with investments in securities
generally.
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E.
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Authority. The
Purchaser has full right and power to enter into and perform
its obligations under this Agreement and to make an investment in the
Company, and this Agreement constitutes the Purchaser's valid and legally
binding obligation, enforceable in accordance with its terms. The
Purchaser is authorized and otherwise duly qualified to purchase and hold
the Shares and to enter into this
Agreement.
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F.
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Brokers
or Finders. No person has or will have, as a result of the
transactions contemplated by this Agreement, any right, interest or valid
claim against or upon the Company for any commission, fee or other
compensation as a finder or broker because of any act or omission by such
Purchaser or its respective
agents.
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G.
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Requirements
for Transfer. Purchaser agrees that it will not transfer the
Shares, and the Company shall not be required to transfer the shares
unless the transferee executes a representation letter substantially in accordance
with Exhibit A hereto.
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H.
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Each
certificate representing the Shares shall be endorsed with thefollowing
legends, in addition to any other legend required to be placed thereon by
applicable federal or state securities
laws:
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THE
SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 (THE "ACT"), AS AMENDED AND HAVE BEEN TAKEN BY THE ISSUEE
FOR INVESTMENT PURPOSES. SAID SHARES MAY NOT BE SOLD OR TRANSFERRED UNLESS (A)
THEY HAVE BEEN REGISTERED UNDER SAID ACT, OR (B) THE COMPANY IS PRESENTED WITH
EITHER A WRITTEN OPINION OF COUNSEL OR A "NO- ACTION" LETTER FROM SEC, IN EITHER
CASE IN FORM AND SUBSTANCE ACCEPTABLE TO THE COMPANY, TO THE EFFECT THAT SUCH
REGISTRATION IS NOT REQUIRED UNDER THE CIRCUMSTANCES OF SUCH SALE OR
TRANSFER.
a.
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The
Purchaser consents to the Company making a notation on its records or
giving instructions to any transfer agent of the Company in order to
implement the restrictions on transfer of the Shares set forth in this
Section 1.5.
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b.
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The
Purchaser and any transferees of the shares of the Company's Common Stock
purchased by the Purchaser pursuant to this Agreement shall not be named
or identified on any lists of the Office of Foreign Assets Control who are
prohibited from purchasing securities of U.S. domestic companies. Further,
this transaction and any resale of shares by the Purchaser to transferees
shall not violate the anti-money laundering and other provisions of the
Bank Secrecy Act, as amended by the U.S. Patriot
Act.
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ARTICLE
II
COVENANTS
OF THE COMPANY
2.1.
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Operations.
From and after the date hereof through the final purchase of the
Shares,
the Company will operate only in the ordinary course of
business.
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2.2
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Inspection.The
Company shall permit authorized representatives of the Purchaser
to visit and inspect any of the properties of the Company, including its
books of account (and to make copies thereof and take extracts there
from), and to discuss its affairs, finances and accounts with its
officers, employees, independent accountants, consultants and attorneys,
all at such reasonable times and as often as may be reasonably
requested.
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2.3
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Share Registry:
Removal of Legend. The Company agrees that it shall instruct its
transfer
agent to automatically remove any legend upon compliance with all rules
and regulations of the securities laws of the United States pertaining to
such transactions. Holders of shares bearing a legend may have the legend
removed by submitting certificate(s) together with appropriate opinions of
counsel and any other documentation required by company or transfer agent.
Neither the Company nor the stock transfer agent shall be obligated to
remove any other legend required by
law.
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ARTICLE
III
REPRESENTATIONS
AND WARRANTIES OF THE COMPANY
The
Company represents and warrants to the Purchaser as follows, which
representations and warranties shall be true and correct in all material
respects on the date of each closing of the purchase of the Shares:
3.1.
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Organization and
Standing. The Company has been duly incorporated and is
validly
existing and in good standing under the laws of the State of Delaware and
has the requisite corporate power and authority necessary to own its
properties and to conduct its business as presently conducted, to deliver
this Agreement and all other agreements required to he executed by the
Company in connection with performance under this Agreement (collectively
with this Agreement, the "Transaction Documents"), to issue and sell the
Shares and to carry out the provisions of the Transaction Documents. The
Company is duly qualified to transact business as a foreign corporation
and is in good standing in every jurisdiction in which the failure to so
qualify would have a material adverse effect on the operations or
financial condition of the Company.
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3.2.
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Authority for
Agreement. The execution and delivery by the Company of the
Transaction
Documents, and the performance by the Company of its obligations there
under, have been duly and validly authorized by all requisite corporate
action on the part of the Company. The Transaction Documents, when
executed and delivered, will be legally valid and binding obligations of
the Company, enforceable
against the Company in accordance with their terms, except as limited by
applicable bankruptcy, insolvency, reorganization, moratorium or other
laws of general application affecting enforcement of creditors' rights,
and general principles of equity that restrict the availability of
equitable remedies. To the Company's knowledge, the execution and delivery
of the Transaction Documents by the Company and the performance by the
Company of its obligations thereunder do not, as of the date hereof: (i)
conflict with or violate the provisions of the Company's Charter or
Bylaws; (ii) require on the part of the Company any filing with. or any
permit, authorization, consent or approval of, any Governmental Entity;
(iii) conflict with, result in a breach of. constitute (with or without
due notice or lapse of time or both) a default under, result in the
acceleration of, create in any party the right to accelerate, terminate,
modify or cancel, or require any notice, consent or waiver under, any
contract, lease, sublease, license, sublicense, franchise, permit,
indenture, agreement or mortgage for borrowed money, instrument of
indebtedness, lien, encumbrance or other arrangement to which the Company
is a party or by which the Company is bound or to which its assets are
subject; (iv) result in the imposition of any Security Interest upon any
assets of the Company or; (v) violate or contravene any federal law of the
United States, any Delaware corporate or applicable state statute, any
rule or regulation applicable to the Company or any order, writ, judgment,
injunction, decree, determination or
award.
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3.3.
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Subsidiaries.
The Company has no subsidiaries.
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3.4.
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Issuance of
Securities. The issuance, sale and delivery of the Securities in
accordance
with this Agreement, have been, or will be, on or prior to the Closing,
duly authorized, and the Shares reserved for issuance by all necessary
corporate action on the part of the Company. The Securities, when so
issued, sold and delivered against payment therefore in accordance with
the provisions of this Agreement will be duly and validly issued, fully
paid and non-assessable, and will be free of all liens, charges, claims,
encumbrances and restrictions on transfer other than the restrictions on
transfer under the Transaction Documents and under applicable state and
federal securities laws.
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3.5.
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Governmental
Consents. No consent, approval, order or authorization of, or
registration,
qualification, designation, declaration or filing with, any governmental
entity or regulatory body (a "Governmental Entity") is required on the
part of the Company in connection with the execution and delivery of the
Transaction Documents, the offer, issue, sale and delivery of the
Securities or the other transactions to be consummated as contemplated by
this Agreement.
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3.6.
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Offering
Exemption. Assuming the accuracy of the representations and
warranties
made by the Purchaser, the offer, sale and issuance of the Securities to
the Purchaser will be exempt from the registration requirements of the
Securities Act. Neither the Company nor any agent on its behalf has
solicited or will solicit any offers to sell or has offered to sell or
will offer to sell all or any part of the Securities
to any person or persons so as to bring the sale of such Securities by the
Company within the registration provisions of the Securities Act or any
state securities laws.
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3.7.
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Litigation.
There is no action, suit, proceeding or investigation pending, nor to
the
Company's knowledge, currently threatened, against the Company, except as
described on Schedule 3.9 to this Agreement. The Company is not aware of
any basis for any of the foregoing or any intent on its part to initiate
any of the foregoing.
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3.8.
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Financial
Statements. The financial statements of the Company (the "Financial
Statements")
are complete and correct in all material respects, are in accordance with
the books and records of the Company as at the dates and for the periods
indicated, and have been prepared in accordance with generally accepted
accounting principles consistently applied to companies domiciled in the
United States, except to the extent that the tin-audited financial
statements may not contain all required footnotes and are subject to
normal year-end audit adjustments that in the aggregate will not be
material.
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3.9.
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Absence of
Liabilities. Except as set forth in the Financial Statements, the
Company
has no material liabilities, contingent or otherwise, other than (i)
liabilities incurred in the ordinary course of business, that individually
or in the aggregate are not material to the financial condition or
operating results of the Company, and (ii) obligations not required under
generally accepted accounting principles to be reflected in the Financial
Statements.
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3.10.
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Taxes. The
Company has paid all taxes due as of the date hereof. The Company has
timely filed or has obtained presently effective extensions with respect
to all Federal, state, county, local and foreign tax returns
(collectively, "Tax Returns") that the Company are required to file. The
Tax Returns are true and correct and all taxes shown thereon to be due
have been timely paid, with any exceptions permitted by any taxing
authority not having a materially adverse effect on the Company. No
penalties or other charges are or will become due with respect to any such
Tax Returns as the result of the late tiling thereof The Company has
either paid or established in the Financial Statements adequate reserves
for the payment of all such taxes due or claimed to be due by any taxing
authority in connection with any such Tax Returns. None of the Company's
federal income tax returns have been audited by the Internal Revenue
Service, and no controversy with respect to taxes of any type is pending
or, to the knowledge of the Company, threatened. Neither the Company nor
any of its stockholders has ever filed (i) an election pursuant to Section
1362 of the Internal Revenue Code of 1986, as amended (the "Code"), that
the Company be taxed as an S Corporation, or (ii) a consent pursuant to
Section 341(f) of the Code relating to collapsible
corporations.
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3.11.
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Property and
Assets. The Company has good title to, or a valid leasehold
interest in,
all of its material properties and assets, including all properties and
assets reflected in the Balance Sheet. None of such properties or assets
is subject to any mortgage, pledge, lien, security interest, lease, charge
or encumbrance other than those the material terms of which are described
in the Balance Sheet. The Company does not own any real estate. All
personal property of the Company is in good operating condition and repair
(ordinary wear and tear and routinely scheduled maintenance excepted) and
is suitable and adequate for the uses for which it is intended or is being
used.
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3.12.
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Intellectual
Property. To the best of the Company's knowledge the Company owns,
or has the right to use, free and clear of all liens, charges, claims and
restrictions, all patents, patent applications, trademarks, service marks,
trademark and service xxxx applications, trade names, copyrights and
licenses presently owned or held by the Company or employed or proposed to
be employed by it in its business as now conducted or proposed to be
conducted, as well as any agreement under which the Company has access to
any confidential information used by the Company in its business (the
"Intellectual Property Rights"). Except as set forth on Schedule 3.12,
the Company has not received any communications alleging that the Company
has violated any of the patents, trademarks, service marks, trade names,
copyrights, licenses, trade secrets or other proprietary rights of any
other person or entity ("Third-Party Intellectual Property Rights"), and
to the best of Company's knowledge the business proposed by the Company
will not cause the Company to infringe or violate any Third Party
Intellectual Property Rights. The Company is not aware of any violation by
any third party of any Intellectual Property Rights of the Company or of
any defects therein or in the title thereto. The Company is not aware that
any employee is obligated under any contract (including any license,
covenant or commitment of any nature) or other agreement, or subject to
any judgment, decree or order of any court or administrative agency, that
would conflict or interfere with: (i) the performance of such employee's
duties as an officer, employee or director of the Company; (ii) the use of
such employee's best efforts to promote the interests of the Company; or
(iii) the Company's business as
conducted.
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3.13.
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Compliance. The
Company has, in all material respects, complied with all laws, regulations
and orders applicable to their business and have all material permits and
licenses required thereby. There is no term or provision of any material
mortgage, indenture, contract, agreement or instrument to which the
Company is a party or by which it is bound, or, to the best of the
Company's knowledge, of any state or Federal judgment, decree, order,
statute, rule or regulation applicable to or binding upon the Company that
materially adversely affects the business, prospects, condition, affairs
or operations of the Company or any of its properties or assets. To the
Company's knowledge, no employee of the Company is in violation of any
contract or covenant (either with the Company or with another entity)
relating to employment, patent, other proprietary information disclosure,
non-competition, or
non-solicitation.
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3.14.
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Employees. All
employees of the Company who have access to confidential or proprietary
information of the Company have executed and delivered nondisclosure
agreements, and all of such agreements are in full force and effect. The
Company is not aware that any employee of the Company has plans to
terminate his or her employment relationship with the Company. The Company
has complied in all material respects with all applicable laws relating to
wages, hours, equal opportunity, collective bargaining, workers'
compensation insurance and the payment of social security and other taxes.
None of the employees of the Company is represented by any labor union,
and there is no labor strike or other labor trouble (including, without
limitation, any organizational drive) pending or, to the knowledge of the
Company, threatened with respect to the
Company.
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3.15.
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Environmental and
Safety Matters. To the Company's knowledge, the Company is not in
material violation of any applicable environmental law, and to its
knowledge, no material expenditures are or will be required in order to
comply with any such environmental
law.
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3.16.
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Books and
Records. The books of account, ledgers, order books, records and
documents of the Company accurately and completely reflect all material
information relating to the business of the Company the location and
collection of its assets, and the nature of all transactions
`giving rise to the obligations or accounts receivable of the
Company.
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3.17.
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Brokers or
Finders. The Company has not agreed to incur, directly or
indirectly, any liability for brokerage or finders' fees, agents'
commissions or other similar charges in connection with the Transaction
Documents or any of the transactions contemplated hereby or
thereby.
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3.18.
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Disclosures.
The Company has provided the Purchaser with all information requested by
the Purchaser in connection with their decision to purchase the
Securities. Neither this Agreement, any Exhibit hereto nor the Transaction
Documents, nor any report, certificate or instrument furnished to the
Purchaser or its agents in connection with the transactions contemplated
by this Agreement, when read together, contains or will contain any
material misstatement of fact or omits to state a material fact necessary
to make the statements contained herein or therein not
misleading.
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ARTICLE
IV
MISCELLANEOUS
4.1.
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No Waiver; Cumulative
Remedies. No failure or delay on the part of any party to
this
Agreement in exercising any right, power or remedy hereunder shall operate
as a waiver thereof; nor shall any single or partial exercise of any such
right, power or remedy preclude any other or further exercise thereof or
the exercise of any other right, power or remedy hereunder. The remedies
herein provided are cumulative and not exclusive of any remedies provided
by law.
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4.2.
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Amendments, Waivers
and Consents. Any provision in the Agreement to the contrary
notwithstanding, and except as hereinafter provided, changes in,
termination or amendments of or additions to this Agreement may be made,
and compliance with any covenant or provision set forth herein may be
omitted or waived, if the Company or Purchaser, as the ease may be, shall
first obtain consent thereto in writing from the other party. Any waiver
or consent may be given subject to satisfaction of conditions stated
therein and any waiver or consent shall be effective only in the specific
instance and for the specific purpose for which
given.
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4.3.
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Addresses for
Notices. All notices, requests, demands and other communications
provided
for hereunder shall be in writing (including electronic communication) and
mailed, telegraphed or delivered to each applicable party at the address
set forth on Schedule 4.3 hereto or at such other address as to which such
party may inform the other parties in writing in compliance with the terms
of this Section. All such notices, requests, demands and other
communications shall be considered to be effective when
delivered.
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4.4.
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Costs. Expenses and
Taxes. All parties to this Agreement shall bear their own
expenses
in connection herewith.
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4.5.
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Effectiveness; Binding
Effect; Assignment. This Agreement shall be binding upon
and inure to the benefit of the Company, the Purchaser and their
respective successors and assigns; provided however, that, the Company may
not assign any of its rights or obligations under this Agreement without
the prior written consent of the
Purchaser.
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4.6.
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Prior
Agreements. The Transaction Documents executed and delivered in
connection
herewith constitute the entire agreement between the parties and supersede
any prior understandings or agreements concerning the subject matter
hereof
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4.7.
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Severability.
The provisions of the Transaction Documents are severable and, in
the
event that any court of competent jurisdiction shall determine that any
one or more of the provisions or part of a provision contained therein
shall, for any reason, be held to be invalid, illegal or unenforceable in
any respect, such invalidity, illegality or unenforceability shall not
affect any other provision or part of a provision of such Transaction
Document and the terms of the Shares shall be reformed and construed as if
such invalid or illegal or unenforceable provision, or part of a
provision, had never been contained herein, and such provisions or part
reformed so that it would be valid, legal and enforceable to the
maximum extent possible.
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4.8.
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Governing Law:
Venue.
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A.
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This
Agreement shall be enforced, governed and construed in
accordancewith
the laws of the State of Florida or federal securities law, where
applicable, without giving effect to choice of laws principles or conflict
of laws provisions. Any suit, action or proceeding pertaining to this
Agreement or any transaction relating hereto shall be brought in the State
of Florida, United States of America, and the undersigned hereby
irrevocably consent and submit to the jurisdiction of such courts for the
purpose of any such suit, action, or proceeding. Purchaser acknowledges
and agrees that jurisdiction and venue hereunder shall lie exclusively in
Palm Beach County, Florida.
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B.
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Purchaser
hereby waives, and agrees not to assert against the Company,
orany
successor assignee thereof, by way of motion, as a defense, or otherwise,
in any such suit, action or proceeding, (i) any claim that the Purchaser
is not personally subject to the jurisdiction of the above-named courts,
and (ii) to the extent permitted by applicable law, any claim that such
suit, action or proceeding is brought in an inconvenient forum or that the
venue of any such suit, action or proceeding is improper or that this
Agreement may not be enforced in or by such
courts
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4.9.
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Headings.
Article, section and subsection headings in this Agreement are
included
herein for convenience of reference only and shall not constitute a part
of this Agreement for any other
purpose.
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4.10.
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Survival of
Representations and Warranties. All representations and warranties
made in the Transaction Documents, the Shares, or any other instrument or
document delivered in connection herewith or therewith, shall survive the
execution and delivery hereof or
thereof.
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4.11.
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Counterparts.
This Agreement may be executed in any number of counterparts, all of which
taken together shall constitute one and the same instrument, and any of
the parties hereto may execute this Agreement by signing any such
counterpart.
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4.12.
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Further
Assurances. From and after the date of this Agreement, upon the
request of the Purchaser or the Company, the Company and the Purchaser
shall execute and deliver such instruments, documents and other writings
as may be reasonably necessary or desirable to confirm and carry out and
to effectuate fully the intent and purposes of the Transaction Documents
and the Shares.
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IN WITNESS WHEREOF, the parties hereto have
caused this Stock Purchase Agreement to be executed as of the date first above
written.
SELLER:
DIRECTVIEW
HOLDINGS, INC.
By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X.
Xxxxxx
Title:
CEO
PURCHASER:
REDROCK
STRATEGIES, INC.
By: /s/ Xxxx Xxxxx
Name:
Xxxx Xxxxx
For and
on behalf of Saltire Management
Ltd.
Title:
Director
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