OPTION AGREEMENT by and between CAPSTONE COMPANIES, INC. andOption Agreement • July 12th, 2016 • Capstone Companies, Inc. • Electric lighting & wiring equipment • Delaware
This Option Agreement (this "Agreement"), effective this 27 day of June, 2016 (the "Effective Date"), is by and between Involve, LLC, a Florida limited liability company ("Seller"), and Capstone Companies, Inc., a Florida corporation (the "Company"). Seller and the Company are sometimes individually referred to as a "Party," and collectively as the "Parties." Capitalized terms not defined herein shall have the meaning set forth in the Purchase Agreement (as defined below).
TERMINATION AGREEMENT by and betweenTermination Agreement • July 12th, 2016 • Capstone Companies, Inc. • Electric lighting & wiring equipment • Delaware
This Termination Agreement, effective this 27 day of June, 2016 (the "Agreement"), is by and between AC Kinetics, Inc., a Delaware corporation (the "Company"), and Capstone Companies, Inc., a Florida corporation (the "Stockholder"). The Stockholder and the Company are sometimes individually referred to as a "Party," and collectively, the "Parties." Capitalized terms used but not defined herein shall have the meanings set forth in the Purchase Agreement (as defined below).
NOTESubordination Agreement • July 12th, 2016 • Capstone Companies, Inc. • Electric lighting & wiring equipment • Delaware
For value received, the undersigned, NEIL SINGER, an individual ("Borrower", which term shall include any subsequent permitted assigns), promises to pay to the order of Capstone Companies, Inc., a Florida corporation ("Lender"; which term shall include any subsequent holder hereof), in lawful money of the United States of America, without setoff, deduction or counterclaim, the principal amount of One Million Five Hundred Thousand Dollars (U.S. $1,500,000.00), together with interest thereon as provided below.
SUBORDINATION AGREEMENTSubordination Agreement • July 12th, 2016 • Capstone Companies, Inc. • Electric lighting & wiring equipment • Delaware
This Subordination Agreement (the "Agreement") is made as of June 27, 2016 to be effective as of the Effective Date (as defined below), by and between Koch Minerals, LLC, a Delaware limited liability company ("Senior Creditor") and Capstone Companies, Inc., a Florida corporation ("Junior Creditor"). Senior Creditor and Junior Creditor are each referred to herein as a "Party" and are collectively as the "Parties."
SECURITIES PURCHASE AGREEMENT by and amongSecurities Purchase Agreement • July 12th, 2016 • Capstone Companies, Inc. • Electric lighting & wiring equipment • Delaware
This Securities Purchase Agreement (this "Agreement"), effective this 27 day of June, 2016 (the "Closing Date"), is by and among AC Kinetics, Inc., a Delaware corporation (the "Company"), Neil Singer, an individual (the "Purchaser"), and Capstone Companies, Inc., a Florida corporation (the "Stockholder"). The Stockholder, the Company and the Purchaser are sometimes individually referred to as a "Party," and collectively as the "Parties."
