Stock Purchase Agreement by and among batterfly energy ltd., as the Company LIFE CLIPS, inc., as Buyer and the Shareholders of batterfly energy ltd., as Sellers Dated as of June 10, 2016Stock Purchase Agreement • June 14th, 2016 • Life Clips, Inc. • Services-motion picture & video tape production
THIS STOCK PURCHASE AGREEMENT (together with all exhibits and schedules hereto, this “Agreement”) is entered into as of June 10, 2016 (the “Effective Date”), by and among LIFE CLIPS, INC., a Wyoming corporation (“Buyer”), BATTERFLY ENERGY LTD., a company limited by shares incorporated under the laws of the State of Israel (the “Company”), and the shareholders of the Company set forth on the signature pages hereto (each, a “Seller” and, collectively, “Sellers”). Buyer, the Company and Sellers are each, individually, a “Party” and, collectively, the “Parties.”
Life Clips, Inc. and Batterfly Energy, ltd. (Mobeego®) have Signed and Entered into a Definitive Agreement for the Acquisition of Batterfly Energy, ltd. (Mobeego®) Life Clips, Inc. June 10, 2016 10:35 AM GlobeNewswireAcquisition Agreement • June 14th, 2016 • Life Clips, Inc. • Services-motion picture & video tape production
CHARLOTTE, N.C., June 10, 2016 (GLOBE NEWSWIRE) — Life Clips, Inc. (LCLP), an innovative brand of products revolutionizing the way people capture, manage, enjoy, and charge the devices that share life’s moments, is pleased to announce that they have entered into and signed a definitive agreement for the acquisition of Batterfly Energy, ltd. (Mobeego®). The signed definitive agreement is for the complete acquisition of Batterfly Energy, ltd., which will include 100% of their assets including but not limited to Mobeego®. Following this press release, Life Clips will be releasing an 8-K, as this agreement is a “material definitive contract”, the closing of which is subject only to the fulfillment of standard and customary closing conditions.
Lock-Up AgreementLock-Up Agreement • June 14th, 2016 • Life Clips, Inc. • Services-motion picture & video tape production
The undersigned understands that Messrs. Hasid and Assis (the “Sellers”) propose to enter into a Stock Purchase Agreement (the “Purchase Agreement”) with Life Clips, Inc., a Wyoming corporation (the “Company”), providing for the sale by the Sellers of all of the outstanding equity securities in Batterfly Energy Ltd. in exchange for, in part, shares of common stock of the Company (the “Shares”).
