Document:

Authentic Teas Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

CONTRACT # AT/CA -1 

  Herbal Tea Supply Agreement 

BETWEEN 

HAM LTD. CO. 
Odzun, Lori
Region, Armenia 
Tel: (374-99) 441529 
Email: info@armeniantea.com

Authorized signatory (name and position) 

  NERSES BADALYAN, Director 

(“Seller”) 

AND 

AUTHENTIC TEAS INC. 
2820 –
33 Harbour Sq. Toronto, Ontario, Canada 
M5J 2G2

Email: info@authentic-teas.com 
Authorized signatory (name and
position) 

  HRANT ISBECERYAN, President 

(“Buyer”) 

	1. 	
      SUBJECT OF THE CONTRACT

	 	 	 
	1.1 	
      During the terms of this Agreement, the Seller shall
      manufacture, package, label and prepare herbal tea (the “Product”)
      for shipment to the Buyer from the Seller’s facilities in Armenia in
      accordance with the time, description, volume and price set out in the
      Purchase Order, which terms are expressly incorporated into this
      Agreement. The Buyer shall purchase the Product from the Seller for
      resale, in exchange for the purchase price set out in the Purchase Order
      (the “Purchase Price”).

	 	 	 
	1.2 	
      Provided the Product meets the specifications set out in
      Section 2 and the Purchase Order, the Buyer is obligated to accept the
      Product and pay the Purchase Price in accordance with the specifications
      set out in the Purchase Order.

	 	 	 
	2. 	
      VOLUME OF THE PRODUCT AND THE QUALITY

	 	 	 
	2.1 	
      The Product shipped by the Seller shall meet:

	 	 	 
		(a) 	
      the Specifications Act for the Bureau of Standardization
      of the Republic of Armenia, regulated by DP 3721991.1814-99, dated
      12/07/1999 and which shall not contradict the requirements in force for a
      similar product in the country of the Buyer;

	 	 	 
		(b) 	
      products designated as Organic by the Organic
      Certification body in the Republic of Armenia, must be recognized as such
      by the United States (USDA) and by the Canadian Food Inspection Agency;
      and

	 	 	 
		(c) 	
      will not be adulterated or misbranded by the Seller
      within the meaning of those terms as commonly applied in the
    industry.

- 2 - 

	3. 	
      SHIPMENT AND RISK OF LOSS

	 	 
	3.1 	
      The Seller shall ship the Product to the Buyer as
      instructed by the Buyer from time to time. Buyer shall arrange for
      shipment of the Product and provide the location of the shipper (the
      “Shipper”) to the Seller or otherwise defer to the Seller in
      writing, in which case, the Seller may use the preferred Shipper of the
      Seller (in either case, the “Delivery Address”).

	 	 
	3.2 	
      All risk relating to the loss, destruction or damage of
      the Product shall remain with Seller until delivery of the Product by the
      Seller to the Shipper at the Delivery Address.

	 	 
	3.3 	
      Risk of loss and title to the Product shall pass from the
      Seller to the Buyer at the time the Product is received by the Shipper at
      the Delivery Address.

	 	 
	4. 	
      TAXES, TARIFFS, CUSTOMS AND LEVIES

	 	 
	4.1 	
      The Buyer shall collect and remit, all sales, goods and
      services, excise, value-added or similar tax payable in connection with
      the sale of the Product. All import fees, tariffs, custom levies and other
      duties shall be for the account of and paid by Buyer and any export fees,
      tariffs, custom levies and other export duties shall be for the account of
      and paid by Seller.

	 	 
	5. 	
      PRODUCT PRICING ON SELLERS’ WEBSITE

	 	 
		
      The Buyer acknowledges that the Seller has a website that
      has the capability to sell the Product directly to consumers. It is agreed
      that the retail prices of the Product on the Sellers’ website will be no
      less than double the Purchase Price offered by the Seller to the
    Buyer.

	 	 
	6. 	
      LABELING AND PACKAGING

	 	 
	6.1 	
      Seller will label the Product for shipping in accordance
      with instructions provided by Buyer that are in compliance with Canadian
      product import labeling laws.

	 	 
	6.2 	
      Product will be packed in a quantity and volume in
      accordance with the Purchase Order.

	 	 
	7. 	
      ORDER OF THE PAYMENT

	 	 
	7.1 	
      The Purchase Price for the Product shall be made by the
      Buyer in accordance with the Purchase Order, which, for greater certainty,
      does not include shipping costs.

	 	 
	7.2 	
      The Buyer shall wire transfer the Purchase Price within
      30 days of receipt of the bill of lading in accordance with the following
      wiring instructions:

BANK: HSBC Armenia, Yerevan.

SWIFT: MIDLAM22, Account Name: HAM Ltd. Co. 
Account Number:
001-069491-101, 
Correspondent BANK in USA: HSBC BANK USA, NY. 
SWIFT:
MRMDUS33, Chips://CP:108 Beneficiary Bank 

  Account 000-05145-4 

	8. 	
      DOCUMENTS

	 	 	 
	8.1 	
      The Seller shall make available to the Buyer two copies
      of the following documents:

	 	 	 
		(a) 	
      Commercial invoice

	 	 	 
		(b) 	
      Packing list

- 3 - 

	 	(c) 	
      Certificate of origin

	 	 	 
	 	(d) 	
      Certificates of quality

	 	 	 
	 	(e) 	
      Copy of Organic Certificate for the product labeled
      organic

	 	 	 
	 	(f) 	
      Product related Customs
documents

	9. 	
      DISPUTE RESOLUTION

	 	 
		
      In the event of any difficulty in relation to the
      performance of this Agreement, the parties undertake that they will
      proceed diligently with good faith negotiations in an attempt to settle
      the dispute. Unless otherwise agreed, all disputes arising out of, or in
      connection with, this Agreement shall be finally settled under the Rules
      of Arbitration of the International Chamber of Commerce by a single
      arbitrator appointed in accordance with the said Rules. The parties agree
      that the arbitrator shall decide the case solely on the documents
      submitted.

	 	 
	10. 	
      TERM AND TERMINATION OF AGREEMENT

	 	 
	10.1 	
      The present contract has been executed in two copies,
      English and Armenian. In the event of a discrepencey between the two
      versions, the English version shall govern.

	 	 
	10.2 	
      The term of this Agreement is five years from the
      commencement date, and, unless extended by mutual agreement between the
      parties in writing, terminates on October 31, 2015.

	 	 
	10.3 	
      Each party may, at its sole discretion, terminate this
      Agreement by providing a notice of termination to the other party no less
      than 60 days before the start of the production season that is fixed by
      the parties as March 1st of each year.

	 	 
	11. 	
      GOVERNING LAW

	 	 
	11.1 	
      This Agreement shall be exclusively governed by the laws
      of the Republic of Armenia.

	 	 
	12. 	
      ASSIGNMENT

	 	 
	12.1 	
      This Agreement and the rights, duties, and obligations of
      both parties hereunder shall not be assigned by either party hereto
      without the prior written consent of the other party.

	 	 
	13. 	
      ENTIRE AGREEMENT

	 	 
	13.1 	
      This Agreement (in accordance with FCA terms of Incoterms
      2009), including any Purchase Order that is executed by the Buyer and
      Seller from time to time which is expressly incorporated into and forms
      part of this Agreement, constitutes the entire agreement between the
      parties and shall supersede and replace any other agreement or
      arrangement, whether oral or in writing, previously existing among the
      parties with respect to the subject matter of this Agreement.

	 	 
	14. 	
      FURTHER ASSURANCES

	 	 
	14.1 	
      The parties shall promptly execute, or cause to be
      executed, all bills of sale, forms of transfer, documents, conveyances and
      other instruments of further assurance which may be reasonably necessary
      or advisable to carry out the full intent and purpose of this
      Agreement.

	 	 
	15. 	
      EXPENSES

	 	 
	15.1 	
      Each party to this Agreement shall be responsible for all
      of its own expenses, legal and other professional fees, disbursements, and
      all other costs incurred in connection with the negotiation, preparation,
      execution and delivery of this Agreement and all documents and
      instruments relating hereto and the consummation of the transaction
  contemplated hereby.

- 4 - 

	16. 	
      AMENDMENTS

	 	 
	16.1 	
      This Agreement may only be amended in writing with the
      mutual consent of each party.

	 	 
	17. 	
      FAX AND COUNTERPARTS

	 	 
	17.1 	
      This Agreement may be executed in any number of
      counterparts, each of which when executed and delivered is an original,
      but all of which taken together constitute one and the same document. This
      Agreement may be executed and delivered by facsimile or other means of
      electronic transmission capable of producing a signed
  copy.

	SELLER: 	 	BUYER: 
	  		 	  	
	HAM LTD. CO. 	 	AUTHENTIC TEAS INC. 
	  	  	 	  	  
	  	  	 	  	  
	Per: 	/s/ Nerses
      Badalyan 	 	Per: 	/s/ Hrant
      Isbeceryan 
	  	(Signature and Seal) 	 	  	(Signature and Seal) 
	  	Nerses Badalyan, Director 	 	  	Hrant Isbeceryan, Presidentaaiv8kex101_6172011.htm

EXHIBIT 10.1

 

THE SHARES OF COMMON STOCK TO BE ACQUIRED BY THE SUBSCRIBER PURSUANT TO THIS SUBSCRIPTION AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE OFFERED, SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION, UNLESS SUCH TRANSACTION IS EXEMPT FROM OR NOT SUBJECT TO REGISTRATION UNDER THE SECURITIES ACT, AND THE SUBSCRIBER HAS, IF REQUIRED BY THE COMPANY, DELIVERED AN OPINION OF COUNSEL TO THAT EFFECT.  BY ENTERING INTO THIS SUBSCRIPTION AGREEMENT, SUBSCRIBER REPRESENTS, AMONG OTHER THINGS, THAT IT IS AN ACCREDITED INVESTOR (AS DEFINED IN RULE 501(a) OF THE SECURITIES ACT) AND IS ACQUIRING THE COMMON STOCK PURSUANT TO AN EXEMPTION FROM REGISTRATION PURSUANT TO REGULATION D PROMULGATED UNDER THE SECURITIES ACT AND WILL NOT ENGAGE IN ANY TRANSACTIONS WITH RESPECT TO THE COMMON STOCK OF THE COMPANY EXCEPT IN COMPLIANCE WITH THE SECURITIES ACT.

 

ACCELERATED ACQUISITIONS IV, INC.

 

SUBSCRIPTION AGREEMENT

 

	
Name of Subscriber:

	  	
Synergistic Holdings, LLC

	  	  	  
	
Address of Subscriber:

	  	
20511 Abbey Drive

	  	  	  
	  	  	
Frankfort, Illinois  60423

	  	  	  
	  	  	  
	  	  	  
	
Number of

	  	  
	
Shares of Common Stock:

	  	
17,000,000

	  	  	  
	
Purchase Price:

	  	
$1,700.00

 

 

TO:         Accelerated Acquisitions IV, Inc., a Delaware corporation (the “Company”).

 

The Subscriber hereby subscribes for and agrees to purchase the number of shares (the “ Shares ”) of common stock of the Company, par value $0.0001 per share (the “ Common Stock ”) specified above in accordance with and subject to the terms, provisions and conditions set forth herein.  The Subscriber agrees to pay to the Company $0.0001 per Share, for a total purchase price (the “Purchase Price”) equal to the amount set forth above.

 

The Subscriber understands that this Subscription Agreement may be rejected in whole or in part prior to acceptance at any time for any reason whatsoever by the Company.  The Subscriber further understands that in the event this Subscription Agreement is rejected by the Company, the subscription of the Subscriber herein shall become null and void insofar as rejected.  Upon such rejection, the Subscriber shall have no further obligations to the Company.

 

A.            Payment.  In connection with this Subscription Agreement and subject to acceptance by the Company, the Subscriber hereby agrees with the Company as follows:

 

  

Exhibit 10.1 -- Page 1

  

 

(1)           The sale of the Shares offered or subscribed for pursuant to this private placement will be closed not later than the second business day immediately following the acceptance by the Company of this Subscription Agreement (the “Closing Date”).  On the Closing Date, the Subscriber will pay to the Company the Purchase Price in immediately available funds, by wire transfer as directed by the Company Upon the Subscriber’s payment in full of the Purchase Price as contemplated by this Part A(1), the Company shall issue to the Subscriber that number of whole shares of Common Stock subscribed for by Subscriber pursuant hereto.  The shares of Common Stock issued to the Subscriber in consideration for such payment shall be validly issued and outstanding, and fully paid and non-assessable.

 

B.            Acknowledgments and Covenants.

 

(1)           The Subscriber hereby agrees to pay all costs and expenses incurred by or on behalf of the Company, including reasonable attorneys’ fees and disbursements, in connection with enforcing the Subscriber’s obligations under this Subscription Agreement in the event of any default in respect of its obligations hereunder.

 

(2)           Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), the Company must withhold tax with respect to certain transfers of property if a stockholder of the Company is a foreign person.  To inform the Company whether withholding is required with respect to the Subscriber’s interest in the Company, the Subscriber shall complete a Form W-9 or applicable Form W-8.

 

(3)           The Subscriber acknowledges and agrees that the Shares will be issued subject to the terms of this Subscription Agreement and that any certificates evidencing the Shares will bear appropriate legends to that effect, including a legend in substantially the form set forth above and as otherwise provided pursuant hereto.

 

C.            Representations and Warranties .

 

Subscriber Representations and Warranties.

 

The Subscriber warrants, represents and agrees with the Company as follows:

 

(1)           Upon acceptance by the Company, this Subscription Agreement is irrevocable and shall constitute a binding commitment of the Subscriber.

 

(2)           Subscriber is acquiring the Shares for his/her/its own account, not on behalf or for the account of any other Person.

 

(3)           The Subscriber will make all resales of the Shares only pursuant to a registration statement under the Securities Act or pursuant to an available exemption from registration under the Securities Act. 

 

(4)           The Company is and will be relying on the truth and accuracy of Subscriber’s representations, warranties, agreements, acknowledgements and understandings as set forth herein, in order to determine the applicability of such exemptions and the suitability of Subscriber and his/her/its acquisition of the Shares.

 

(5)           Subscriber has been provided all necessary and appropriate information about the Company to make an informed investment decision with respect to the acquisition of the Shares.  WITHOUT LIMITING THE FOREGOING, THE SUBSCRIBER ACKNOWLEDGES THAT AN INVESTMENT IN THE COMPANY INVOLVES SUBSTANTIAL RISK AND THE SUBSCRIBER MAY LOSE ITS ENTIRE INVESTMENT.

 

  

Exhibit 10.1 -- Page 2

  

 

(6)           Subscriber has sufficient knowledge and experience in financial and business matters and is capable of evaluating the risks and merits of Subscriber’s investment in the Company; Subscriber has been provided the opportunity to make all necessary and appropriate inquiries of the Company regarding Company’s business and associated risks, and Company has complied with all such requests; and Subscriber is able financially to bear the risk of losing Subscriber’s full investment in the Shares.

 

(7)         The Shares are being acquired in a transaction not involving a public offering and Subscriber understands that the Shares have not been and may not be, registered under the Securities Act or registered or qualified under any the securities laws of any state or other jurisdiction, are and will be “restricted securities” and cannot be resold or otherwise transferred unless they are registered under the Securities Act, and registered or qualified under any other applicable securities laws, or an exemption from such registration and qualification is available.  Prior to any proposed transfer of the Shares, Subscriber shall, among other things, give written notice to the Company of Subscriber’s intention to effect such transfer, identifying the transferee and describing the manner of the proposed transfer and, if requested by the Company, accompanied by (i) investment representations by the transferee similar to those made by Subscriber in this Section 7 and (ii) an opinion of counsel satisfactory to the Company to the effect that the proposed transfer may be effected without registration under the Securities Act and without registration or qualification under applicable state or other securities laws.  Each certificate for the Shares shall bear a legend similar to that set forth on the first page of this Subscription Agreement (insofar as applicable) and otherwise referring to reiterating the restrictions on transfer and other terms hereof applicable to the Shares upon issuance, and containing such other information and imposing such other restrictions as shall be reasonably required by the Company.

 

(8)         Subscriber understands that no U.S. federal or state government or agency has passed on or made any recommendation or endorsement of offering for sale or the sale of the Shares.

 

(9)         Subscriber acknowledges there is no restriction imposed hereby upon the Company in respect of the incurring by the Company of additional debt or the issuance by the Company of additional debt or equity securities, or otherwise.

 

(10)         The Shares will be purchased for the account of the Subscriber for investment only and not with a view to, or with any intention of, a distribution or resale thereof, in whole or in part, or the grant of any participation therein.  The Subscriber has not been organized for the specific purpose of acquiring the Shares.  The Subscriber acknowledges that the Shares have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction and cannot be disposed of unless subsequently registered under the Securities Act and any applicable laws of states or other jurisdictions or an exemption from such registration is available.

 

(11)         The Subscriber is an “accredited investor” as defined in Rule 501(a) of Securities and Exchange Commission Regulation D, that is (i) if a natural person, Subscriber has an individual net worth, or joint net worth with the Subscriber’s spouse, at the time of the Subscriber’s purchase in excess of  $1,000,000; (ii) if a corporation, business trust or a partnership, Subscriber was not formed for the specific purpose of acquiring the Shares, and has total assets in excess of $5,000,000.

 

(12)         The Subscriber acknowledges that at no time was the Subscriber presented with, or solicited by, any leaflet, public promotional meeting, newspaper or magazine article, radio or television advertisement or any other form of general advertising or general solicitation with respect to the Company.

 

  

Exhibit 10.1 -- Page 3

  

 

(13)         If the Subscriber is an entity, the Subscriber is duly organized or, if a trust, duly established pursuant to a valid trust instrument, validly existing and in good standing under the laws of the jurisdiction wherein it is organized and has the power and authority to carry on the activities in which it is engaged and to purchase the Shares.  This Subscription Agreement and any other documents executed and delivered by the Subscriber in connection therewith or herewith have been duly authorized, executed and delivered by the Subscriber, and are the legal, valid and binding obligations of the Subscriber enforceable in accordance with their respective terms.

 

(14)         The execution and delivery of this Subscription Agreement and any other documents executed and delivered by the Subscriber in connection herewith do not, and the performance and consummation of the terms and transactions set forth or contemplated therein or herein will not, contravene or result in a default under any provision of existing law or regulations to which the Subscriber is subject, the provisions of the trust instrument, charter, bylaws or other governing documents of the Subscriber (if the Subscriber is an entity) or any indenture, mortgage or other agreement or instrument to which the Subscriber is a party or by which it is bound and does not require on the part of the Subscriber any approval, authorization, license, or filing from or with any foreign, federal, state or municipal board or agency which has not been obtained.

 

(15)         The Subscriber represents and warrants that the amounts paid or to be paid by it to the Company in respect of this Subscription Agreement were not and are not directly, or to the Subscriber’s knowledge indirectly, derived from activities that contravene federal, state or foreign laws and regulations, including anti-money laundering and terrorist financing laws and regulations.  Federal regulations and Executive Orders administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) prohibit, among other things, the engagement in transactions with, and the provision of services to, certain foreign countries, territories, entities, and individuals.  The lists of OFAC prohibited countries, territories, persons and entities can be found on the OFAC website at www.treas.gov/ofac.

 

(16)         The Subscriber represents and warrants to, and agrees and covenants with, the Company, as of the date hereof and as of the date of issuance of the Shares to the Subscriber, that, to the best of its knowledge, none of (i) the Subscriber, (ii) any person controlling or controlled by the Subscriber, (iii) if the Subscriber is a privately held entity, any person having beneficial interest in the Subscriber, and (iv) any person for which the Subscriber is acting as agent or nominee in connection with this Subscription Agreement, is a country, territory, individual or entity named on the OFAC lists, nor is any such person or entity prohibited from investing in the Company under any OFAC administered sanctions or embargo programs.

 

(17)         The Subscriber agrees promptly to notify the Company should the Subscriber become aware of any change in the information set forth in Part (18) or Part (19) above.  The Subscriber acknowledges and agrees that, if required by law, the Company may be obligated to “freeze the account” of the Subscriber, either by prohibiting additional investments from the Subscriber and/or segregating assets of the Subscriber in compliance with government regulations and, if required by law, the Company may also be required to report such action and to disclose the Subscriber’s identity to OFAC.  The Subscriber also understands and agrees that the Company may release confidential information about the Subscriber and, if applicable, any underlying beneficial owners of the Subscriber, to law enforcement agencies to the extent necessary to ensure compliance with all applicable laws, rules and regulations.

 

  

Exhibit 10.1 -- Page 4

  

 

(18)         The Company reserves the right to request such information as is necessary to verify the identity of the Subscriber, any related party, any individual or entity having a beneficial interest in, or signatory or other similar authority over, the Subscriber and any transferee of the Shares, and may seek to verify such identity and the source of funds for the Purchase Price.

 

(19)         If the Subscriber is acting as nominee or custodian for another person, entity or organization in connection with the acquisition of the Shares, the undersigned has so indicated on the “Subscriber Information” page attached hereto.  The representations and warranties contained in this Part C regarding the Subscriber are true and accurate with regard to both the Subscriber and the person, entity or other organization for which the undersigned is acting as nominee or custodian.  The person, entity or organization for which the undersigned is acting as nominee or custodian will not transfer or otherwise dispose of or distribute any part of its economic or beneficial interest in (or any other rights with respect to) the Shares without complying with all of the applicable provisions of this Subscription Agreement and applicable law, as if such person, entity or organization were a holder of the Shares.  If the undersigned is acting as nominee or custodian for another person, entity or organization, the undersigned agrees to provide such other information as the Company may reasonably request regarding the undersigned and the person, entity or organization for which the undersigned is acting as nominee or custodian in order to determine the eligibility of the Subscriber to purchase the Shares.

 

Company Representations and Warranties.

 

By accepting the Subscriber’s subscription, the Company warrants, represents and agrees with the Subscriber as follows:

 

(1)           The Company is duly organized, validly existing and in good standing as a corporation under the Delaware General Corporation Law, with all requisite corporate power and authority to conduct its business as currently conducted and to issue and sell the Shares in accordance with the terms of this Subscription Agreement.  This Subscription Agreement (when accepted) will have been duly authorized, executed and delivered by the Company.

 

(2)           This Subscription Agreement is a legally binding obligation of the Company, enforceable against the Company in accordance with the terms hereof, except to the extent that (i) such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights, and (ii) the availability of the remedy of specific performance or in injunctive or other equitable relief is subject to the discretion of the court before which any proceeding therefore may be brought.

 

D.             Assignment, Survival, Effectiveness and Further Information.

 

(1)           This Subscription Agreement is not assignable by either the Subscriber or the Company without the prior approval of the other party in its sole and absolute discretion.  This Subscription Agreement shall be binding upon the successors and any permitted assigns of the Subscriber and, when accepted by the Company, shall be binding upon the successors and any permitted assigns of the Company.

 

(2)           All of the agreements, covenants, representations and warranties made by the Subscriber in this Subscription Agreement shall survive the execution and delivery hereof.  The Subscriber shall use reasonable efforts to notify the Company and to do so promptly upon discovering that any of the representations or warranties made herein were false when made or has, as a result of changes in circumstances, become false.  Every provision of this Subscription Agreement is intended to be severable, and if any term or provision hereof is held to be illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity of the remainder hereof.

 

  

Exhibit 10.1 -- Page 5

  

 

(3)           The agreements of the Subscriber set forth herein shall become effective and binding upon the Subscriber, without right of revocation, upon the Company’s acceptance of this Subscription Agreement.

 

E.             Miscellaneous.  Unless otherwise indicated, the address on the first page of this document is the legal residence of the Subscriber, and all offers and communications in connection with the offering of the shares of Common Stock subscribed to herein have been conducted at such address.  The Subscriber, if a foreign entity, represents that it has complied with all of the laws, if any, of its country of residence applicable to the acquisition of the Shares subscribed to herein.

 

F.            Remedies.  The Subscriber understands the meaning and legal consequences of its covenants, representations and warranties contained herein, and hereby agrees that the Company may recover from the Subscriber, and the Subscriber shall hold the Company harmless from, any and all loss, damage or liability due to or arising out of any breach of any such covenant, representation or warranty.

 

G.            Communication.  Any notice, demand, request or other communication which may be required or contemplated herein (including delivery of this Subscription Agreement by and between the parties hereto) shall be sufficiently given or delivered if (i) given either by facsimile transmission (with confirmation of receipt), by reputable overnight delivery service, postage prepaid, or by registered or certified mail, postage prepaid and return receipt requested, to the address indicated herein or to such other address as any party hereto may specify as provided herein, or (ii) delivered personally at such address.

 

H.              Applicable Law.  This Subscription Agreement and all legal relations, claims or obligations arising out of this transaction shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to conflicts of law provisions.

 

I.             Confirmation of Representations; Additional Information.  Upon request of the Company, the Subscriber shall confirm the accuracy of the representations in this Subscription Agreement to the Company as of the Closing Date and will use reasonable efforts to notify the Company and to do so promptly if the Subscriber becomes aware that such representations are, at any time, inaccurate in any respect.  In addition, the Subscriber hereby agrees to respond reasonably to requests to supply any additional written information concerning the representations in this Subscription Agreement that the Company may reasonably request.

 

J.            Indemnification.  The Subscriber shall indemnify and hold harmless the Company and its agents and affiliates (collectively, the “ Indemnified Persons ”) from and against any losses, claims, damages, liabilities, costs or expenses to which any of them may become subject arising out of or based upon any false representation or warranty, or any breach of or failure to comply with any covenant or agreement, made by the Subscriber in this Subscription Agreement or in any other document furnished to the Company in connection with the Subscriber’s investment in the Company.  The Subscriber will reimburse each Indemnified Person for his, her or its reasonable legal and other expenses (including the cost of any investigation and preparation) as they are incurred in connection with any action, proceeding or investigation arising out of or based upon the foregoing.  The indemnity and reimbursement obligations of the Subscriber under this Part J shall be in addition to any liability which the Subscriber may otherwise have.

 

  

Exhibit 10.1 -- Page 6

  

 

K.             General.  This Subscription Agreement may be executed in counterparts with the same effect as if the parties executing the counterparts had all executed one counterpart.  This Subscription Agreement and the documents specifically referred to herein constitute the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings of the parties in connection therewith.  Neither this Subscription Agreement nor any provision hereof may be waived, modified, discharged or terminated except by an instrument in writing signed by the party against whom such waiver, modification, discharge or termination is sought to be enforced.  Each provision of this Subscription Agreement shall be considered separable and if for any reason any provision or provisions hereof are determined to be invalid and contrary to any existing or future law, such invalidity shall not impair the operation of or affect those portions of this Subscription Agreement which are valid.

 

[signatures are on the following pages]

 

  

Exhibit 10.1 -- Page 7

  

               

 

IN WITNESS WHEREOF, the Subscriber has executed this Subscription Agreement to ACCELERATED ACQUISITIONS IV, INC., Inc. this 13th day of June, 2011.

 

	
Name of Subscriber: Synergistic Holdings, LLC

	  	  
	  	  	  	  	  
	  	  	  
	  	  	
 

	  	  
	
By:

	  	/s/ John Wallin	  	  
	
Name:

	  	
John Wallin

	  	  
	
Title:

	  	
CEO

	  	  
	  	  	  	  	  
	
Purchase Price:

	  	
$1,700.00

	  	  

 

 

 

 

ACCEPTANCE

 

	
Name of Subscriber:

	  	
Synergistic Holdings, LLC

	  	  
	  	  	  	  	  
	
Purchase Price:

	  	
$1,700.00

	  	  

 

The foregoing Subscription Agreement is hereby accepted upon the terms and conditions set forth herein.

 

	  	
ACCELERATED ACQUISITIONS IV, INC.

	  	  	  	
 

	  	
By:

	  	 /s/ Timothy Neher
	  	
Name:

	  	
Timothy J. Neher

	  	
Title:

	  	
Managing Member

 

Dated:  June 13, 2011

 

 

 

Exhibit 10.1 -- Page 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]