STOCK PURCHASE AGREEMENTStock Purchase Agreement • December 28th, 2007 • IElement CORP • Services-business services, nec • Texas
THIS AGREEMENT is entered into as of the 12th day of December, 2007 by and between Newsgrade Corporation, a Delaware corporation with an address at 8515 Seminole Street, Philadelphia, PA 19118 (the “Seller”) and IElement Corporation, a Nevada corporation with its principal place of business at 17194 Preston Road, Suite 102 PMB 341, Dallas, TX 75248 (hereinafter referred to as "Buyer").
Release of Consulting AgreementRelease of Consulting Agreement • December 28th, 2007 • IElement CORP • Services-business services, nec • Texas
Pursuant to the certain Stock Purchase Agreement by and between IElement Corporation (“Seller”) and Ivan Zweig (“Buyer”) and for limited purposes IElement Inc. dated as of December __, 2007, the parties have agreed to release each other from any and all liability under that certain Consulting Agreement between the Seller and Kramerica Capital Corporation (“Kramerica”) dated January 1, 2007 as disclosed in the Seller’s Form 8-K filed with the SEC on April 20, 2007 (the “Consulting Agreement”). Buyer owns 100% of the equity of Kramerica Capital Corporation. The terms of the release are set forth herein.
Release of Employment AgreementRelease of Employment Agreement • December 28th, 2007 • IElement CORP • Services-business services, nec • Texas
Pursuant to the certain Stock Purchase Agreement by and between IElement Corporation (“Seller”) and Ivan Zweig (“Buyer”) and for limited purposes IElement Inc. dated as of December 12, 2007, the parties have agreed to release each other from any and all liability under that certain Employment Agreement dated January 1, 2007 as disclosed in the Seller’s Form 8-K filed with the Securities Exchange Commission on April 20, 2007 (the “Employment Agreement”). The terms of the release are set forth herein.
INDEMNITY AGREEMENTIndemnification Agreement • December 28th, 2007 • IElement CORP • Services-business services, nec
THIS AGREEMENT is made between Ivan Zweig (“Zweig”) and IElement Corporation (the "Indemnitee"). This Agreement is being made in conjunction with that certain Stock Purchase Agreement by and among the Parties hereto whereby Zweig is purchasing from IElement Corporation all of the issued and outstanding capital stock of IElement, Inc., including all assets of IElement, Inc and is assuming the liabilities of IElement, Inc.
STOCK PURCHASE AGREEMENTStock Purchase Agreement • December 28th, 2007 • IElement CORP • Services-business services, nec • Texas
Stock Purchase Agreement (the “Agreement”) entered into as of the ___ day of December 2007 (the “Effective Date”) by and between IElement Corporation, a Nevada corporation (the “Seller”) and Ivan Zweig (the “Buyer”) and, IElement, Inc., a Nevada corporation (the “Target”)
