0001193125-06-255436 Sample Contracts

Contract
Common Stock Purchase Warrant • December 18th, 2006 • Hq Sustainable Maritime Industries, Inc. • Fishing, hunting and trapping • New York

THIS COMMON STOCK PURCHASE WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 ACT, AS AMENDED (THE “1933 ACT”). THE HOLDER HEREOF, BY PURCHASING THIS COMMON STOCK PURCHASE WARRANT, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT, OR (C) IF REGISTERED UNDER THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS. IN ADDITION, A STOCK PURCHASE AGREEMENT (“PURCHASE AGREEMENT”), DATED THE DATE HEREOF, A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE OFFICE, CONTAINS CERTAIN ADDITIONAL AGREEMENTS AMONG THE PARTIES, INCLUDING, WITHOUT LIMITATION, PROVISIONS WHICH LIMIT THE EXERCISE RIGHTS OF THE HOLDER AND SPECIFY MANDATORY REDEMPTION OBLIGATIONS OF THE COMPANY.

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REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • December 18th, 2006 • Hq Sustainable Maritime Industries, Inc. • Fishing, hunting and trapping • New York

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered 21st day of April 2004 by and among Process Equipment, Inc., a corporation organized and existing under the laws of the State of __________ (the “Company”), and certain investors, (hereinafter referred to collectively as “Investor” or “Investors”) as listed on Schedule A herein (each agreement with an Investor being deemed a separate and independent agreement between the Company and such Investor). Unless defined otherwise, capitalized terms herein shall have the identical meaning as in the Stock Purchase Agreement.

MELBOURNE TOWER LEASE
Lease • December 18th, 2006 • Hq Sustainable Maritime Industries, Inc. • Fishing, hunting and trapping • Washington
STOCK PURCHASE AGREEMENT BETWEEN
Stock Purchase Agreement • December 18th, 2006 • Hq Sustainable Maritime Industries, Inc. • Fishing, hunting and trapping • New York

This STOCK PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of 21st day of April 4, 2004 by and among Process Equipment, Inc., a corporation organized and existing under the laws of the State of Nevada (the “Company”), and certain investors, (hereinafter referred to collectively as “Investor” or “Investors”) as listed on Schedule A herein (each agreement with an Investor being deemed a separate and independent agreement between the Company and such Investor).

EMPLOYMENT AGREEMENT
Employment Agreement • December 18th, 2006 • Hq Sustainable Maritime Industries, Inc. • Fishing, hunting and trapping

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made, entered into and effective as of June 28th, 2006 (the “Effective Date”), between HQ Sustainable Maritime Marketing Inc., a New York corporation licensed to do business in the State of Washington with its principal place of business located at 788 Melbourne Towers 1511 Third Avenue, Seattle, WA 98101 USA tel. (206) 621 9888 and Fax (206) 621 0318 (the “Company”), and Trond Ringstad, an individual residing at 159 Western Avenue West Suite 457, Seattle WA 98119, Tel. (206) 282 2273 and Fax (206) 282 2276 (the “Executive”).

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