SEPARATION AND DISTRIBUTION AGREEMENTSeparation and Distribution Agreement • January 10th, 2017 • Wytec International Inc • Texas
THIS SEPARATION AND DISTRIBUTION AGREEMENT (the "Agreement"), is entered into as of this ____ day of ____ 2017, by and between Competitive Companies, Inc., a Nevada corporation (the "Company"), and Wytec International, Inc., a Nevada corporation ("Wytec"), with respect to the following facts:
LICENSE AGREEMENTLicense Agreement • January 10th, 2017 • Wytec International Inc • Texas
This License Agreement ("Agreement") is made and entered into this ____ day of ____ 2017 by and between Wytec International, Inc., a Nevada corporation ("Licensor") and Competitive Companies, Inc., a Nevada corporation ("Licensee").
REVOLVING LINE OF CREDIT NOTEWytec International Inc • January 10th, 2017 • Texas
FOR VALUE RECEIVED, Competitive Companies, Inc., a Nevada corporation (the "Borrower" or the "Maker"), hereby promises to pay to the order of Wytec International, Inc., a Nevada corporation ("Lender") at San Antonio, Texas, the principal sum equal to the amount outstanding from time to time indicated on Schedule A of this note (the "Note") reflecting advances made by the Lender to the Maker under this Note, not to exceed eight hundred dollars ($800,000), bearing simple interest on outstanding principal at the rate of five percent (5%) per annum, computed on the basis of the actual number of days elapsed in a year of 365 days, with all principal and all accrued but unpaid interest due and payable in full on demand (the "Maturity Date"). Repayments on this Note will be applied first to amounts owed pursuant to Section 6 of this Note, if any, then to accrued but unpaid interest, then to outstanding principal.
STOCK PURCHASE AGREEMENTStock Purchase Agreement • January 10th, 2017 • Wytec International Inc • Texas
This Stock Purchase Agreement (the "Agreement") is made and entered into as of the 17th day of November 2016 by Capaciti Networks, Inc., a Texas corporation ("Capaciti"), which has a mailing address of 19206 Huebner Road, Suite 202, San Antonio, Texas 78258, Competitive Companies, Inc. ("CCI", "Seller" or "Capaciti Shareholder") a Nevada corporation that owns 100% of Capaciti, and Wytec International, Inc., a Nevada corporation (the "Buyer" or "Company"), with respect to the following facts:
