Unassociated Document


    Exhibit
10.1

     

     

    
      COMMON
STOCK PURCHASE AGREEMENT

      


      AGREEMENT entered into as of
the 12th day of
May, 2008, by and between
Keating Capital, Inc., a Maryland corporation with an address at 5251 DTC
Parkway, Suite 1000, Greenwood Village, CO 80111 (the “Company”) and
Keating Investments, LLC, a Delaware limited liability company with an address
at 5251 DTC Parkway, Suite 1000, Greenwood Village, CO 80111 (the
“Purchaser”).

      


      WHEREAS,
the Purchaser desires to purchase, and the Company desires to sell, an aggregate
of 100 shares (the “Shares”) of the Company’s common stock, par value $0.001 per
share (the “Common Stock”) upon the terms and conditions hereof.

      


      NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein
contained, the Purchaser and the Company hereby agree as follows:

      


      SECTION
1:  SALE OF THE SHARES

      


      1.1  Sale of the
Shares.  Subject to the terms and conditions hereof, the
Company will sell and deliver to the Purchaser and the Purchaser will purchase
from the Company, upon the execution and delivery hereof, the Shares for a
purchase price equal to $1,000.00 (the “Purchase Price”), or $10.00 per
share.

      


      SECTION
2:  CLOSING DATE; DELIVERY

      


      2.1  Closing
Date.  The closing of the purchase and sale of the Shares
hereunder (the “Closing”) shall be held within three (3) business days
immediately following the execution and delivery of this Agreement.

      


      2.2  Delivery at Closing.
At the Closing, the Company will deliver to the Purchaser a stock certificate
registered in the Purchaser’s name, representing the number of Shares to be
purchased by Purchaser hereunder, against payment of the purchase price therefor
as indicated above.

      


      SECTION 3:
REPRESENTATIONS AND WARRANTIES OF PURCHASER

      


      The
undersigned Purchaser hereby represents and warrants to the Company as
follows:

      


      3.1  Transfer of
Shares.  The Shares have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”) and cannot be sold or
otherwise transferred without an effective registration or an exemption from
registration under the Securities Act approved to the satisfaction of the
Company.

      


      
        
           

        

        
           

          
            

          

        

        
           

        

      

      3.2  Experience. The
undersigned has such knowledge and experience in financial and business matters
that the undersigned is capable of evaluating the merits and risks of investment
in the Company and of making an informed investment decision.  The
undersigned has adequate means of providing for the undersigned's current needs
and possible future contingencies and the undersigned has no need, and
anticipates no need in the foreseeable future, to sell the Shares for which the
undersigned subscribes.  The undersigned is able to bear the economic
risks of this investment and, consequently, without limiting the generality of
the foregoing, the undersigned is able to hold the Shares for an indefinite
period of time and has sufficient net worth to sustain a loss of the
undersigned's entire investment in the Company in the event such loss should
occur. Except as otherwise indicated herein, the undersigned is the sole party
in interest as to its investment in the Company, and it is acquiring the Shares
solely for investment for the undersigned's own account and has no present
agreement, understanding or arrangement to subdivide, sell, assign, transfer or
otherwise dispose of all or any part of the Shares subscribed for to any other
person.

      


      3.3  Investment; Access to
Data.  The undersigned has carefully reviewed and understands
the risks of, and other considerations relating to, a purchase of the Common
Stock and an investment in the Company. The undersigned has been furnished
materials relating to the Company, the private placement of the Common Stock or
anything else that it has requested and has been afforded the opportunity to ask
questions and receive answers concerning the terms and conditions of the
offering and obtain any additional information which the Company possesses or
can acquire without unreasonable effort or expense.  Representatives
of the Company have answered all inquiries that the undersigned has made of them
concerning the Company, or any other matters relating to the formation and
operation of the Company and the offering and sale of the Common Stock.The
undersigned has not been furnished any offering literature other than the
materials that the Company may have provided at the request of the undersigned;
and the undersigned has relied only on such information furnished or made
available to the undersigned by the Company as described in this Section. The
undersigned is acquiring the Shares for investment for the undersigned's own
account, not as a nominee or agent and not with the view to, or for resale in
connection with, any distribution thereof.

      


      3.4  Authorization.  (a)
This Agreement, upon execution and delivery thereof, will be a valid and binding
obligation of Purchaser, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization and moratorium laws and other
laws of general application affecting enforcement of creditors' rights
generally.

      


      (b)  The
execution, delivery and performance by Purchaser of this Agreement and
compliance therewith and the purchase and sale of the Shares will not result in
a violation of and will not conflict with, or result in a breach of, any of the
terms of, or constitute a default under, any provision of state or Federal law
to which Purchaser is subject, or any mortgage, indenture, agreement,
instrument, judgment, decree, order, rule or regulation or other restriction to
which the Purchaser is a party or by which the undersigned Purchaser is bound,
or result in the creation of any mortgage, pledge, lien, encumbrance or charge
upon any of the properties or assets of Purchaser pursuant to any such
term.

      


      (c)  The
Purchaser has all necessary corporate power and authority to enter into and to
perform its obligations under this Agreement, and the execution, delivery and
performance by the Purchaser of this Agreement have been duly authorized by all
necessary action on the part of the Purchaser and its
management.  This Agreement constitutes the valid and binding
obligation of the Purchaser, enforceable against the Purchaser in accordance
with its terms, subject to: (i) laws of general application relating to
bankruptcy, insolvency and the relief of debtors; and (ii) rules of law
governing specific performance, injunctive relief and other equitable
remedies.

      


      
        
           

        

        
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      3.5  Accredited
Investor.  Purchaser is an accredited investor as defined in
Rule 501(a) of Regulation D under the Securities Act.

      


      3.6  Good
Standing.  The Purchaser is a limited liability company duly
organized, validly existing and in good standing under the laws of the State of
Delaware.

      


      SECTION
4:  MISCELLANEOUS

      


      4.1  Governing
Law.  This Agreement shall be governed in all respects by the
laws of the State of Maryland, without regard to conflicts of laws principles
thereof.

      


      4.2  Survival.  The
terms, conditions and agreements made herein shall survive the
Closing.

      


      4.3  Successors and
Assigns.  Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties
hereto.

      


      4.4  Entire Agreement; Amendment;
Waiver.  This Agreement constitutes the entire and full
understanding and agreement between the parties with regard to the subject
matter hereof.  Neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated, except by a written instrument signed
by all the parties hereto.

      


      4.5  Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
an original, but all of which together, shall constitute one
instrument.

      


      


      


      


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      IN WITNESS WHEREOF, the
undersigned have hereunto set their hands as of the day and year first above
written.

       

      
        
          	 	KEATING
      CAPITAL, INC.	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Timothy
      J. Keating	 
	 	 	Name:
      Timothy J. Keating	 
	 	 	Title:
      Chief Executive Officer	 
	 	 	 	 


        

      

       

       

       

      
        	 	KEATING
      INVESTMENTS, LLC	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Timothy J. Keating	 
	 	 	Name:
      Timothy J. Keating	 
	 	 	Title:
      Managing Member	 
	 	 	 	 


         

        
 

         

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