SCRIPSAMERICA, INC. SERIES A PREFERRED STOCK PURCHASE AGREEMENTSeries a Preferred Stock Purchase Agreement • September 26th, 2011 • ScripsAmerica, Inc. • Wholesale-drugs, proprietaries & druggists' sundries • Delaware
Page 1. Purchase and Sale of Preferred Stock 1 1.1. Sale and Issuance of Series A Preferred Stock 1 1.2. Closing; Delivery 1 1.3. Defined Terms Used in this Agreement 1 2. Representations and Warranties of the Company 3 2.1. Organization, Good Standing, Corporate Power and Qualification 3 2.2. Capitalization 3 2.3. Subsidiaries 4 2.4. Authorization 4 2.5. Valid Issuance of Shares 4 2.6. Governmental Consents and Filings 4 2.7. Litigation 5 2.8. Intellectual Property 5 2.9. Compliance with Other Instruments 5 2.10. Agreements; Actions 6 2.11. Certain Transactions 6 2.12. Rights of Registration and Voting Rights 7 2.13. Property 7 2.14. Financial Statements 7 2.15. Changes 7 2.16. Employee Matters 9 2.17. Tax Returns and Payments 10 2.18. Insurance 10 2.19. Employee Agreements 10 2.20. Permits 11 2.21. Corporate Documents 11 2.22. Environmental and Safety Laws 11 2.23. Disclosure 11 3. Representations and Warranties of the Purchaser 12 3.1. Authorization 12 3.2. Purchase Entirely for Own
