Document:

exhibit_10-26.htm

EXHIBIT 10.26

 

 

FIRST AMENDMENT TO

SECURITIES PURCHASE AGREEMENT

This First Amendment to Securities Purchase Agreement (this “Amendment”) is dated as of January 9, 2013 by and between Titan Iron Ore Corp., a Nevada corporation (the “Company”) and Ascendiant Capital Partners, LLC, a Nevada limited liability company (the “Purchaser”). Capitalized terms used in this Amendment and not otherwise defined shall have the meanings ascribed to them in the Original Agreement (as defined below).

WHEREAS, the parties previously entered into a Securities Purchase Agreement dated October 18, 2012 (the “Original Agreement”);

WHEREAS, the parties desire to modify the terms of the Original Agreement as set forth herein.

NOW, THEREFORE, in consideration of the foregoing premises, and the promises and covenants herein contained, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties, intending to be legally bound, hereby agree as follows:

AGREEMENT

1.           Section 4.16 of the Original Agreement is hereby restated in its entirety as follows:

“4.16           Commitment Shares.  In consideration for agreeing to the terms of this Agreement and no additional consideration at the time(s) of issuance of the Shares, the Company shall deliver to the Purchaser, in addition to the shares of Common Stock issued pursuant to Section 2.2(a)(iii) (“Closing Issuance”), the following shares of Common Stock on the following dates:

 

(a)           on the Trading Day which is thirty calendar days following the Closing Date (the “Second Payment Date”), a number of shares of Common Stock equal to 0.5% (1/2 percent) of the Commitment Amount divided by 95% of the average VWAP during the ten trading days prior to the Second Payment Date (the “Second Issuance Price”).  The parties agree that the number of shares to be issued pursuant to this Section 4.16(a)  is One Hundred Seventy Three Thousand Nine Hundred Thirteen (173,913) shares;

 

(b)           on the Trading Day which is thirty calendar days following the Closing Date (the “Third Payment Date”), a number of shares of Common Stock equal to 1% (one percent) of the Commitment Amount divided by $0.175 (the “Third Issuance Price”), provided that, if the number of Commitment Shares to be delivered to Purchaser on the Third Payment Date shall cause the Purchaser to receive an aggregate number of Commitment Shares (as of the Third Payment Date) of less than 2% of the Commitment Amount (as valued based on the Third Issuance Price), then additional Commitment Shares shall be issued to the Purchaser on the Third Payment Date so that the Purchaser has received an aggregate  number of Commitment Shares (as of the Third Payment Date) of at least 2% of the Commitment Amount (as valued based on the Third Issuance Price).  The parties agree that the number of shares to be issued pursuant to this Section 4.16(b) is Eight Hundred Eighteen Thousand Nine Hundred Thirty (818,930) shares.

 

 

 

 

  

Page 1 of 2

  

 

(c)           on the Trading Day in which the Company has received at least $1,000,000 in aggregate from Settlements (the “Fourth Payment Date”), a number of shares of Common Stock equal to 0.5% (1/2 percent) of the Commitment Amount divided by 95% of the average VWAP during the ten trading days prior to the Fourth Payment Date (the “Fourth Issuance Price”);

 

(d)           on the Trading Day in which the Company has received at least $2,000,000 in aggregate from Settlements (the “Fifth Payment Date”), a number of shares of Common Stock equal to 0.5% (1/2 percent) of the Commitment Amount divided by 95% of the average VWAP during the ten trading days prior to the Fifth Payment Date (the “Fifth Issuance Price”);

 

All such Commitment Shares issued after the Effective Date shall be delivered to the DTC account specified by the Purchaser in writing to the Company or, if cannot be done electronically, then delivered by physical certificate.  Any Commitment Shares issued prior to the Effective Date may delivered to the Company after the Effective Date and the Company shall promptly re-issue such shares to the DTC account specified by the Purchaser in writing to the Company.

 

The Company shall include the shares issued pursuant to Section 2.2(a)(iii) and 4.16 (a) and (b) in the first Registration Statement filed subsequent to the Closing Date, and the Company shall include the shares issued pursuant to Section 4.16(c) and (d) in the next subsequent Registration Statement filed thereafter.”

2.           Other than as set forth herein, the terms and obligations of the Original Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized signatories as of the date first indicated above.

	
TITAN IRON ORE CORP.

 

 

 

	
ASCENDIANT CAPITAL PARTNERS, LLC

	
By: /s/ Andrew Brodkey                                                              

     Name: Andrew Brodkey

     Title: CEO

	
By: /s/ Bradley J. Wilhite                                                                

     Name: Bradley J. Wilhite

     Title: Managing Partner

	  	  

 

 

 

 

 

 

 

Page 2 of 2f8k010913ex4viii_attitude.htm

Exhibit 4(8)

AMENDMENT TO THE CERTIFICATE OF DESIGNATION OF THE RELATIVE RIGHTS AND PREFERENCES OF THE SERIES A CONVERTIBLE PREFERRED STOCK OF

ATTITUDE DRINKS INCORPORATED

The undersigned, being the Chief Executive Officer of Attitude Drinks Incorporated, a Delaware corporation (the “Company”), in accordance with the provisions of the Delaware General Corporation Law, does hereby certify that, pursuant to the authority conferred upon the Board of Directors of the Company by the Certificate of Incorporation of the Company, as amended, the following resolutions modifying the Certificate of Designation of the Relative Rights and Preferences of the Series A Convertible Preferred Stock (the “Certificate of Designation”) were duly adopted on January 9, 2013:

WHEREAS, the Board of Directors of the Company, pursuant to the authority expressly vested in it, had previously adopted resolutions creating the Series A Convertible Preferred Stock, which resolutions were incorporated into the Certificate of Designation filed with the Secretary of State of the State of Delaware on or about June 2, 2006 and subsequently amended on September 19, 2009;

RESOLVED, that Section 2(A) of the Certificate of Designation is hereby deleted in its entirety and the following shall be substituted in lieu thereof:

	
2.

	
Rights, Powers, and Preferences 

 

The Series A shall have the voting powers, preferences and relative, participating, optional and other special rights, qualifications, limitations and restrictions as follows:

 

	 A. 	 
Designation and Amount. Out of the Twenty Million (20,000,000) shares of the $.001 par value authorized preferred stock, Nineteen Million Nine Hundred Ninety Nine Thousand Nine Hundred Forty Nine (19,999,949) shares shall be designated as shares of “Series A,” and Fifty One (51) shares shall be designated as shares of “Series A-1.”  The term “Series A” as used herein shall include the term “Series A-1” except in this Section 2.A. and Section 2.D.

 

RESOLVED, that Section 2(D) of the Certificate of Designation is hereby deleted in its entirety and the following shall be substituted in lieu thereof:

	
2.

	
Rights, Powers, and Preferences

 

	 D.	Voting Rights. In all matters the Series A shall have the same voting rights as the Common Stock on a six to one (6:1) basis. If the Company effects a stock split which either increases or decreases the number of shares of Common Stock outstanding and entitled to vote, the voting rights of the Series A shall not be subject to adjustment unless specifically authorized. Each one (1) share of the Series A-1 shall have voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding shares of Common Stock eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator. For purposes of illustration only, if the total issued and outstanding shares of Common Stock eligible to vote at the time of the respective vote is 5,000,000 the voting rights of one share of the Series A-1 shall be equal to 102,036 (0.019607 x 5,000,000) / 0.49) – (0.019607 x 5,000,000) = 102,036). With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A-1 shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Certificate of Incorporation or bylaws.  If the Company effects a stock split which either increases or decreases the number of shares of Common Stock outstanding and entitled to vote, the voting rights of the Series A-1 shall not be subject to adjustment unless specifically authorized.

  

IN WITNESS WHEREOF, Attitude Drinks Incorporated has caused this Amendment to be signed by its Chief Executive Officer on this 9th day of January, 2013.

ATTITUDE DRINKS INCORPORATED

By:/s/ Roy Warren

Name: Roy Warren

Title: President, CEOExhibit 10.24

 

 

CONSULTING AGREEMENT

 

This Consulting Agreement (“Agreement”)
is made and entered into as of the 2nd day of January, 2013 (“Effective Date”) by and between Ambrosial
Consulting Group, LLC, a woman owned business, whose address is 8871 W. Flamingo Road
#2-02, Las Vegas, NV 89147, email: ambrosialconsultinggroup@gmail.com (herein referred to as "Consultant"), and
Monster Offers, a Nevada corporation whose address is: 27665 Forbes Road, Laguna Niguel, CA 92677, facsimile
no. 949-266-7303, email: wayne.irving@monsteroffers.com (herein referred to as the "Company").

 

R E C I T A L S

 

WHEREAS, Consultant has extensive experience in educational consulting,
both as a freelance consultant for small to mid-size companies; and

 

WHEREAS, the Company desires to engage the Consultant to
perform certain Services (as described below) for the Company as an independent contractor and not as an employee; and

 

WHEREAS, Consultant desires to perform said Services.

 

 

NOW, THEREFORE, in consideration of the mutual promises herein
contained, and for good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge, the parties
agree as follows:

 

1.Scope of Services.

 

During the Term (as defined below), Consultant
shall be available to consult with the Board of Directors of the Company, the officers of the Company, and the heads of the Company’s
administrative staff at reasonable times in connection with Consultant’s performance of the “Services”. For purposes
of this Agreement, the “Services” shall consist of providing the Company with consulting advice in connection with
(i) the Company’s formulating, directing, and implementing strategic plans to integrate technologies into various
educational fields, (ii) assisting the Company in implementing development of outreach programs
to private and public school districts, (iii) identifying trends in education that could be assisted by mobile technology or mobile
devices.(iiii) providing professional consulting services, as it pertains to human resources, developing and providing training
curriculum/classes, employee handbook and employee compensation/benefit plans.

 

In his performance of the Services Consultant shall not represent,
or purport to represent, the Company, its Board of Directors, its officers or any other members of the Company in any transactions
or communications, nor shall Consultant make claims to do so.

 

2. Term. The term (“Term”)
of this Agreement shall commence as of the Effective Date and shall end on the date that is six (6)
months subsequent to the Effective Date, subject to earlier termination by the Company for any reason or no reason by its giving
Consultant ten (10) days' prior written notice of termination. 

 

3.Compensation. As payment
for his rendering of the Services, Consultant shall receive pursuant to the terms of the Agreement a flat fee payment of fifty
thousand (50,000) restricted shares of common stock of the Company (such shares, the “Payment Shares”); a stock certificate
representing said Payment Shares shall be delivered by the Company to Consultant promptly upon the parties’ execution and
delivery of this Agreement, and in any event no later than thirty (30) days subsequent to the Effective Date. The parties hereto
understand and agree that said Payment Shares shall constitute payment in full and the sole and exclusive compensation to be paid
by the Company to Consultant in exchange for Consultant’s rendering of the Services.

 

4. Miscellaneous.

 

4.1 Assignment. This Agreement is not transferable
or assignable, without the prior written consent of the other party; provided, however, that the Company shall have the unrestricted
right to assign this Agreement to an affiliate of the Company or in connection with a sale of over 50% of the issued and outstanding
capital stock of the Company or a sale by the Company of substantially all of the Company’s assets to a third party.

 

4.2 Execution and Delivery of Agreement. Each
of the parties shall be entitled to rely on delivery by facsimile transmission of an executed copy of this Agreement by the other
party, and acceptance of such facsimile copies shall create a valid and binding agreement between the parties.

 

4.3 Titles. The titles of the sections and subsections
of this agreement are for the convenience of reference only and are not to be considered in construing this Agreement.

 

4.4 Severability. The invalidity or unenforceability
of any particular provision of this agreement shall not affect or limit the validity or enforceability of the remaining provisions
of this Agreement.

 

4.5 Entire Agreement. This Agreement constitutes
the entire agreement and understanding between the parties with respect to the subject matters herein and supersedes and replaces
any prior agreements and understandings, whether oral or written, between them with respect to such matters.

 

4.6 Waiver and Amendment. Except as otherwise
provided herein, the provisions of this Agreement may be waived, altered, amended or repealed, in whole or in part, only upon the
mutual written agreement of the parties.

 

4.7 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 and the same
instrument.

 

4.8
Governing Law; Jurisdiction. This Agreement is governed by and shall be construed in accordance with the internal law of the State
of California without reference to its rules as to conflicts of law. Any disputes under this
Agreement shall be brought in the state courts and the Federal courts located in Orange County, California, and the parties
hereby irrevocably consent to the personal jurisdiction and venue of these courts. 

 

4.9 Any notice hereby required or permitted
to be given pursuant to this Agreement shall be sufficiently given if in writing and delivered in person or sent by facsimile,
electronic mail, overnight courier or First Class mail, postage prepaid, to either party at the address of such party stated in
the initial paragraph of this Agreement or such other address as shall have been designated by written notice by such party to
the other party in accordance with this Section 4.9. Any notice or other communication required or permitted to be given under
this Agreement will be deemed given (i) upon personal delivery to the party to be notified (ii) on the day when delivered by electronic
mail to the proper electronic mail address, (iii) when sent by confirmed facsimile if sent during normal business hours of the
recipient, if not, then on the next business day, (iv) the first business day after deposit with a nationally recognized overnight
courier, specifying next day delivery, or (v) the third business day after the day on which such notice was mailed in accordance
with this Section.

 

4.10Should suit be brought to enforce or interpret any part
of this Agreement, the “prevailing party” shall be entitled to recover its costs of suit, including reasonable attorneys’
fees from the non-prevailing party.

 

4.11Independent
Contractor. Each of the parties understands and agrees that in connection with Consultant’s rendering of Services pursuant
to this Agreement, Consultant shall be deemed at all times to be an independent contractor of the Company, and that under no circumstances
shall Consultant be deemed an employee, agent, or representative of the Company. Consultant shall have no right, power or authority
to assume, create or incur any expense, liability or obligation, express or implied, on behalf of the Company. In connection with
his performance of the Services, Consultant is not entitled to unemployment
insurance or workers compensation insurance, and Consultant shall be solely responsible for timely remittance to appropriate authorities
of all federal, state, and local taxes and charges incident to the provision of and payment of compensation for Services. CONSULTANT
SHALL NOT HOLD HIMSELF/HERSELF/ITSELF OUT OR OTHERWISE REPRESENT HIMSELF/HERSELF/ITSELF TO ANY PERSON OR ENTITY AS ANYTHING OTHER
THAN AN INDEPENDENT CONSULTANT OF THE COMPANY, REGARDLESS OF ANY TITLE OR DESIGNATION THAT CONSULTANT MAY HOLD WITH THE COMPANY.

 

4.12.Expenses. Consultant shall
be entitled to receive reimbursement for reasonable expenses incurred by Consultant directly in connection with Consultant’s
performance of Services during the Term only to extent that all such expenses have been approved by the Company in advance and
in writing, and in connection with obtaining any such reimbursement, Consultant must submit an expense account report detailing
the applicable costs together with supporting statements, documentation, and/or receipts as are reasonably required by the Company
(such materials to be submitted in connection with any such reimbursement, the “Reimbursement Reports”). To be eligible
to receive reimbursement payments pursuant to this Section 4.12, Consultant shall submit any Reimbursement Reports within 15 days
of Consultant’s incurrence of said expenses, and Company shall pay reimbursement to Consultant for such expenses within 30
days of Consultant’s submittal of such Reimbursement Reports.

 

4.13.Written Reports. Upon request,
Consultant shall promptly furnish the Company written reports (“Written Reports”) pertaining to the Services in the
detail and form that the Company may reasonably require.

 

4.14.Compliance with Laws and Company
Rules. In the event that rendition of the Services requires Consultant to be located at facilities of the Company, Consultant
shall comply with all applicable federal and state laws and regulatory requirements and all safety and health regulations and other
rules and policies prescribed by the Company.

 

4.15Non-disclosure and Non-Use of
Company Confidential Information; Non-solicitation/non-competition; Ownership of property, inventions, improvements and original
works of authorship.

4.15.1   
For purposes of this Agreement, Company Confidential Information means any confidential, proprietary, and/or trade secret
information of the Company or material derived therefrom, unknown to the general public, which is disclosed by the Company to the
Consultant under this Agreement and/or in connection with Consultant’s performance of the Services. Company Confidential
Information includes, without limitation, technical, trade secret, commercial, and financial information about either party’s
(a) research or development; (b) marketing plans or techniques, contacts, or customers, including statistical sales information;
(c) organization or operations; (d) business development plans (i.e., licensing, supply, acquisitions, divestitures, or combined
marketing), forecasts or similar documents; (e) products, licenses, trademarks, patents, other types of intellectual property,
or any other contractual right or interest, either as of, or subsequent to, the Effective Date; (f)  information regarding
employees or independent contractors hired or engaged by the Company; and (g) client databases and customer lists. All Company
Confidential Information disclosed by the Company to Consultant in tangible form (including, without limitation, information incorporated
in computer software) shall be and remain the property of the Company. Consultant shall neither use nor disclose Company Confidential
Information from the Company for any purpose other Consultant’s rendering of the Services. The parties hereto recognize and
agree that nothing contained in this Agreement shall be construed as granting any property rights, by license or otherwise, to
any Company Confidential Information disclosed pursuant to this Agreement, or to any invention or any patent, copyright, trademark,
or other intellectual property right that has issued or that may issue, based on such Company Confidential Information.
Consultant shall not make, have made, use or sell for any purpose any product, service or other item using, incorporating or derived
from any Company Confidential Information.

 

4.15.2   
Upon the expiration or termination of this Agreement, Consultant shall return to the Company all tangible forms of Company
Confidential Information then in his possession, including any and all copies and/or derivatives of Company Confidential Information
made by Consultant as well as any writings, drawings, specifications, manuals, or other printed or electronically stored material
based on, or derived from, Company Confidential Information. Any material or media not subject to return must be destroyed. Consultant
shall not disclose to third parties any Company Confidential Information or any reports, recommendations, conclusions, or other
results of work under this Agreement without prior consent of an authorized officer of the Company. The obligations set forth in
this Section 4.15, including the obligations of confidentiality and non-use, shall be continuing and shall survive the expiration
or termination of this Agreement and will continue for a period of five (5) years.

4.15.3   
The obligations of confidentiality and non-use set forth herein shall not apply to the following: (i) Company Confidential
Information at or after such time that it is or becomes publicly available through no fault of the Consultant; (ii) Company Confidential
Information that is already independently known to the Consultant as shown by prior written records; (iii) Company Confidential
Information at or after such time that it is disclosed to the Consultant by a third party with the legal right to do so; or (iv) Company
Confidential Information required to be disclosed pursuant to judicial process, court order, or administrative request, provided
that the Consultant shall so notify the Company sufficiently prior to disclosing such Company Confidential Information as to permit
the Company to seek a protective order.

4.15.4As a material inducement
for the Company to enter into this Agreement, Consultant agrees that during the Term of this Agreement, and for a period of three
(3) years thereafter, Consultant will not directly or indirectly, individually, in partnership or in conjunction with any person,
association or company, in any capacity whatsoever: (a) solicit, induce, or attempt to influence, directly or indirectly, any supplier,
client, customer, or prospective supplier, client or customer of the Company to reduce, curtail or discontinue business with the
Company; (b) employ or retain or attempt to employ or retain, directly or indirectly, any person who at that time is, or within
twelve (12) months prior thereto had been, employed or retained by the Company; or (c) solicit, induce or attempt to influence,
directly or indirectly, any employee or independent contractor of the Company to reduce, curtail or terminate his, her or its employment
or independent contractor relationship with the Company. In addition, as a material inducement for the Company to enter into this
Agreement, Consultant agrees that during the Term of this Agreement, Consultant will not directly or indirectly, individually,
in partnership or in conjunction with any person, association or company, in any capacity whatsoever directly or indirectly, promote,
sell or solicit orders for any products or services which, in the opinion of the Company, are in competition with the Company products
or services.

 

4.15.5   
Nothing in this Agreement is intended to grant any right Consultant under any patent, mask
work right, copyright, trade secret or property right (including without limitation any intellectual property right) of the Company,
and the parties understand and agree that any and all property owned by the Company prior to or subsequent to the Effective Date
remain the exclusive property of the Company, notwithstanding the parties’ execution and delivery of this Agreement. All
work arising from the Services performed hereunder and all materials and products developed or prepared for Company by Consultant
in connection with the Services performed hereunder are the exclusive property throughout the work of Company, and all right, title
and interest therein shall vest in Company. All documentation, inventions, discoveries, processes, ideas, methods, designs, know-how,
whether or not patentable, and other copyrightable materials developed or prepared by Consultant in connection with the services
performed hereunder shall be assigned to the Company. Any and all inventions, discoveries, processes, ideas, methods, designs
and know-how, whether or not patentable, which Consultant may conceive or make either alone or in conjunction with others, during
the Term of this Agreement, which in any way pertain to or are connected with the Services performed hereunder, shall be the sole
and exclusive property throughout the world of Company; and Consultant, whenever requested to do so by Company, at Company’s
expense, and without further compensation or consideration, shall promptly execute any and all applications, assignments and other
instruments and perform such acts which Company shall deem necessary or advisable in order to apply for and obtain copyrights,
letters patent and other applicable statutory protection throughout the world for said inventions, ideas and discoveries, and in
order to assign and convey to Company the sole and exclusive right, title and interest throughout the world in and to said inventions,
discoveries, processes, ideas, methods, designs and know-how, or any applications, copyrights or patents thereof.

 

4.16 The parties acknowledge
and agree that, if there is any breach by Consultant of the provisions of Section 4.15 of the Agreement, the Company will suffer
irreparable injury that cannot be compensated by money damages and therefore will not have an adequate remedy at law. Accordingly,
if the Company institutes an action or proceeding to enforce the provisions of Section 4.15 of this Agreement, the Company will
be entitled to seek such injunctive relief, specific performance, or other equitable remedy from a court of competent jurisdiction
as may be necessary or appropriate to prevent or curtail any such breach, threatened or actual. These rights will be in addition
to and without prejudice to such other rights as the Company may have in law or in equity.

 

4.17 Each and all of the
several rights and remedies provided for in this Agreement shall be construed as being cumulative, no one of them shall be deemed
to be exclusive of the others or of any right or remedy allowed by law or equity, and pursuit of any one remedy shall not be deemed
to be an election of such remedy, or a waiver of any other remedy.

 

4.18 Except as otherwise
expressly stated herein, termination of this Agreement for any reason shall not affect any of the rights or obligations of either
party that exists as of the date of termination, and which rights and obligations shall survive such termination.

     

     

    

 

IN WITNESS WHEREOF, the parties hereto
have duly executed and delivered this Agreement as of the Effective Date.

 

 

Monster Offers

 

By: /s/ Wayne Irving

Wayne Irving

CEO

 

 

Ambrosial Consulting Group, LLC

 

/s/ J. Salwender

_______________________________

J. Salwender

Managing Member

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