Document:

Unassociated Document

SHARE EXCHANGE AGREEMENT

THIS AGREEMENT is made effective as of the 29TH day of August, 2011.

	
BETWEEN:

	  	  
	  	  	  
	  	
VIKING INVESTMENTS GROUP LLC, (VIKING)

	
 

	  	
a company incorporated under the laws of St. Kitts and Nevis

	  
	  	
Shanghai Kerry Centre

	  
	  	
1515 Nanjing West Road, Suite 1002

	  
	  	
Shanghai, 200040, P.R. China

	  
	  	  	  
	  	  	  
	  	
(hereinafter called "VIKING")

	  
	  	  	
OF THE FIRST PART

	  	  	  
	
AND:

	  	  
	  	
SINOCUBATE, INC. (SINOCUBATE)

	  
	  	
65 Broadway, 7th Floor

	  
	  	
New York, NY 10006, USA

	  
	  	  	  
	  	
(hereinafter called “SINOCUBATE")

	  
	  	  	
OF THE SECOND PART

	  	  	  
	  	  	  

WHEREAS, SINOCUBATE on or about June 29, 2011acquired from VIKING, 100,000 shares in China Wood, Inc., a publicly listed company in the United States, focused on the production and distribution of vinyl and wood products with the majority of its business in the PRC, in consideration for 1,912,000 newly issued restricted stock in SINOCUBATE,

WHEREAS, VIKING owns an additional 466,813 shares of common stock of China Wood, (the CHINA WOOD SHARES”).

WHEREAS, SINOCUBATE is interested in exchanging new restricted shares in itself in exchange for the CHINA WOOD SHARES,

NOW THEREFORE, the parties agree as follows:

	
  

	
1.

	
Share Exchange.

As of the signing of this Agreement, SINOCUBATE will:

Issue to Viking Twelve Million Five Hundred Sixty Nine Thousand Four Hundred Twenty (12,569,420) newly issued restricted shares of its common stock, par value $0.001 in consideration for Four Hundred Sixty Six Thousand Eight Hundred Thirteen (466,813) common stock of China Wood, Inc., (“China Wood”) to be transferred to SINOCUBATE’s wholly owned subsidiary, Viking Investments Group LLC, incorporated under the laws of Nevada.

 

  

  

  

 

	
  

	
2.

	
Share Exchange ratio.

In determining the fair value of the shares, SINOCUBATE and VIKING agreed to use, where applicable, the closing bid price for the ten most recent trading days prior to the closing day of the transaction where applicable).  The parties has also taken into consideration among other things the December 30, 2008 released report by the Securities and Exchange Commission (SEC) on fair valuation.  The SEC report recommends “improvements to existing practice including reconsidering the accounting for impairments and the development of additional guidance for determining fair value of investments in inactive markets”.

	
  

	
3.

	
Miscellaneous.

The parties agree, without the need for any additional consideration, to execute such other and further instruments, documents and agreements and to perform such other acts as may be reasonably required to effectuate the purposes of this Share Exchange Agreement.  This agreement constitutes the entire understanding between VIKING and SINOCUBATE with respect to the subject matter hereof and may not be amended, modified or supplemented except by a written instrument signed by all of the parties hereto.  This letter agreement shall be governed by and construed according to the laws of the State of New York without regard to the conflicts of law principles thereof.  This letter agreement may be executed in any number of counterparts, each of which shall be deemed an original and enforceable against the parties actually executing such counterpart, and all of which, when taken together, shall constitute one instrument.  Facsimile execution and delivery of this agreement is legal, valid and binding execution and delivery for all purposes.

 

	
  

	
4.

	
Governing Law, Dispute Resolution and Jurisdiction.

 

This Agreement shall be governed by and construed in accordance with the laws of the state of New York without giving effect without giving effect to the conflicts of laws principles thereof.  All disputes, controversies or claims (“Disputes”) arising out of or relating to this Agreement shall in the first instance be the subject of a meeting between a representative of each party who has decision making authority with respect to the matter in question.  Should the meeting either not take place or no result in a resolution of the Dispute within twenty (20) business days following notice of the Dispute to the other party, then the Dispute shall be resolved in a binding arbitration proceeding to be held in the City and state of New York, United States of America in accordance with the international rules of the American Arbitration Association.  The parties agree that a panel of three arbitrators shall be required.  Any award of the arbitrators shall be deemed confidential information for a period of five years.  The arbitrators may award attorney’s fees and other arbitration related expenses to the prevailing party in their sole discretion.

 

	
  

	
5.

	
Entire Agreement.

 

This Agreement represents the entire understanding of the Parties with respect to the subject matter hereof and supersedes all prior representations, discussions, understandings and agreements. This Agreement, nor any provisions hereof may be amended, waived modified or discharged except an agreement in writing signed by both Parties.

 

  

  

  

 

 

SINUCUBATE, INC.

 

	 	 	 	 
	
By: /s/ Tom Simeo       

	 	Date: August 29, 2011	 
	
Chairman

	 	 	 
	
 

	 	 	 

VIKING INVESTMENTS GROUP LLC

 

	 	 	 	 
	
By: /s/ Elle Zhong    

	 	Date: August 29, 2011	 
	
DirectorUnassociated Document

 

EXHIBIT 10.32

STOCK PURCHASE AGREEMENT

The undersigned purchaser (the “Purchaser” or “subscriber”) has been advised that Optex Systems Holdings, Inc. (the “Company”), is offering to sell up to 25,000,000 shares to a limited number of U.S. persons at an offering price of $.01 per share on a best efforts-no minimum basis and agrees to by the number of shares at the price set forth in his signature block below. The Company agrees to sell to Purchaser the number of shares of its common stock at the price set forth in the Purchaser’s signature block below.

1. Purchaser’s Representations. In connection with his subscription, the Purchaser represents and warrants to the Company and each of its officers, directors and affiliates that he:

(a) is purchasing the Common Stock without being furnished any offering literature or prospectus other than the Company’s registration statement on Form S-1 to which this agreement is attached as an exhibit as available on the SEC website; and

(b) understands and acknowledges that this investment is, by nature, highly speculative. 
 

2. The Company’s Representations. In connection with the Purchaser’s subscription the Company represents to the Purchaser and each of his affiliates:

(a) The Company is a corporation duly organized, validly existing, and in good standing under the, laws of Delaware with full corporate power and authority to own its properties and conduct its business, and is duly qualified to conduct the business in which it is engaged in all jurisdictions where the conduct of its business requires qualification, except those jurisdictions where the failure to be qualified would not have a material adverse effect on the business or financial condition of the Company;

(b) The issuance and sale of the Common Stock has been duly and validly authorized by all required corporate action of the Company and will not result in a breach or violation of any of the terms or provisions of, or constitute a default under, (i) any indenture, mortgage, deed of trust, loan agreement, bond, debenture, note agreement, or other evidence of indebtedness, lease, contract, or other agreement or instrument to which the Company is a party or by which the property of the Company is bound, (ii) the Company’s certificate of incorporation or bylaws, or (iii) any statute or any order, rule, or regulation of any court or governmental agency or body having jurisdiction over the Company or its properties;

(c) Upon delivery to the Purchaser, the Common Stock will be validly issued, fully paid, nonassessable, and free of preemptive rights; and

(d) There are no material legal or governmental proceedings pending or threatened to which the Company is a party or of which the business or property of the Company is the subject that are not disclosed in materials previously provided to the undersigned subscriber.

 

  

  

 

 

3. Notices. All notices or other communications shall be sent to the Company at the address shown on the S-1 registration statement and to the subscriber at the address listed on the signature page hereto.

4. Disputes. In the event a dispute between the parties hereto arises out of, in connection with, or with respect to this Stock Purchase Agreement, or any breach thereof, such dispute shall, are, or may be, required or permitted to be given or made hereunder shall be in writing and shall be delivered or mailed by registered or certified mail, return receipt requested, postage prepaid, to the parties at their respective addresses set forth below. The parties agree to submit to the jurisdiction of any court in the County of New Castle, State of Delaware with regard to any dispute arising hereunder.

5. Governing Law. The Purchaser’s rights as a stockholder of the Company shall be construed in accordance with the laws of the State of Delaware and the Company’s Articles of Incorporation and by-laws. The legality of the offer and sale of the Company’s Common Stock evidenced by this Stock Purchase Agreement shall be construed in accordance with and governed by the laws of the State of Delaware.

6. Acceptance or Rejection of Subscription. The Company will review the materials and, if the subscription is accepted, the Company will execute this Stock Purchase Agreement and return a copy of the materials to the subscriber. The Company shall have the right to accept or reject any subscription, in whole or in part. An acknowledgment of the acceptance of a subscription will be returned to the Purchaser promptly after acceptance. If not accepted, then the subscription proceeds shall be returned to the Purchaser within 10 business days of rejection.

Please mail this document with a check for the full subscription amount payable to Optex Systems Holdings, Inc. to: Optex Systems Holdings, Inc., 1420 Presidential Drive, Richardson, TX 75081, attn: Karen Hawkins, Vice President of Finance.

IN WITNESS WHEREOF, the Purchaser and the Company have executed this Stock Purchase Agreement on this ______ day of _________________, 2011.

(Signature of Purchaser) (Name Printed)

______________________________________________________________________________________________________________________________

______________________________

_____________________________________________________________________

_____________________________________________________________________

( Address in full )

$ amount subscribed for:_________________________

Number of shares subscribed for:

______________________________________________________________________________________________________________________________

______________________________

_____________________________________________________________________

	
OPTEX SYSTEMS HOLDINGS, INC.

	  	  
	
By:

	  
	  	
Name:

	  	
Title:

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