Document:

Securities Subscription and Purchase Agreement

 Exhibit 10.2 
 EXECUTION 
 SECURITIES SUBSCRIPTION
AND PURCHASE AGREEMENT 
 eDiets.com, Inc. 
 1000 Corporate Drive Suite 600 
 Fort Lauderdale FL 33334 
 The undersigned (the “Investor”) hereby confirms his agreement with you as follows: 
 1. This
Securities Subscription and Purchase Agreement (this “Agreement”) is made as of September 8, 2009, between eDiets.com, Inc., a Delaware corporation (the “Company”), and the Investor. 
 2. Pursuant to this Agreement and subject to its terms and conditions, the Investor hereby subscribes for and will purchase from the Company and the Company will
issue and sell to the Investor, in a private placement, the following securities (the “Securities”) for an aggregate purchase price of $100,000.40 (the “Purchase Price”): 
 (a) 94,340 shares (the “Shares”) of common stock of the Company, $0.001 par value per share, at a purchase price of $1.06 per
Share, and 
 (b) a warrant (the “Warrant”) in the form of Exhibit A to this Agreement and hereby incorporated
by reference to purchase up to a number of shares equal to 45% of the Shares, which shall be exercisable on or after the Original Issue Date (as defined in the Warrant), have a term of exercise equal to ten (10) years and have a strike price of
$1.20 per share. 
 3. The Company and the Investor agree to enter into an amendment to that certain registration rights agreement dated as of
June 23, 2009 (as amended, the “Registration Rights Agreement”) in the form of Exhibit B to this Agreement, concurrently with the execution of this Agreement. (the Agreement and the Registration Rights Agreement as
amended collectively the “Agreements”). 
 4. Unless otherwise agreed between the Company and the Investor, the closing of the
transactions contemplated by this Agreement shall take place at the offices of the Company on or before September 8, 2009 (the “Closing”). 
 5. The Company’s obligation to issue and sell the Securities shall be subject to the following conditions, any one or more of which may be waived by the Company: 
 (a) prior receipt by the Company of an executed copy of this Agreement; 
 (b) the execution and delivery by the Investor of the Registration Rights Agreement; 
 (c) the accuracy in all material respects when made and at the Closing of the representations and warranties made by the Investor in this
Agreement and the fulfillment of the obligations of the Investor to be fulfilled by the Investor under this Agreement on or prior to the Closing in all material respects; 
  

 1 

 EXECUTION 
  

 (d) receipt of the Purchase Price; and 
 (e) the execution and delivery by the Investor of a cross receipt evidencing receipt of the Shares and the Warrant. 
 6. The Investor’s obligation to purchase the Securities shall be subject to the following conditions, any one or more of which may be waived by the Investor:

 (a) prior receipt by the Company of an executed copy of this Agreement; 
 (b) the execution and delivery by the Company of the Registration Rights Agreement; 
 (c) the accuracy in all material respects when made and at the Closing of the representations and warranties made by the Company in this Agreement
and the fulfillment of the obligations of the Company to be fulfilled by it under this Agreement on or prior to the Initial Closing in all material respects; and 
 (d) the execution and delivery by the Company of a cross receipt evidencing receipt of the Purchase Price. 
 7.
Certificates representing the Shares and Warrants purchased by the Investor, respectively, will be registered in the Investor’s name and address as set forth below. 
 8. The Investor represents and warrants to, and covenants with, the Company as follows: 
 (a)
the Investor was at the time it was offered the Securities, is as of the date hereof and as of the Closing and will be on each date it exercises the Warrant an “accredited investor” as such term is defined in Rule 501 of Regulation D
promulgated pursuant to the Securities Act of 1933, as amended, is knowledgeable, sophisticated and experienced in making, and is qualified to make decisions with respect to, investments in securities presenting an investment decision similar to
that involved in the purchase of the Securities, and has requested, received, reviewed and considered all information the Investor deemed relevant in making an informed decision to purchase the Securities and is able to bear the economic risk of an
investment in the Securities and, at the present time, is able to afford a complete loss of such investment; 
 (b) the Investor
understands that the Securities are “restricted securities” and have not been registered under the Securities Act, or registered or qualified under any state securities law, in reliance on specific exemptions therefrom, which exemptions
may depend upon, among other things, the representations made by the Investor in this Agreement; the Investor is acquiring the Securities in the ordinary course of business and for the Investor’s own account for investment only, has no present
intention of distributing any of such Securities and has no arrangement or understanding with any other persons regarding the distribution of such Securities; and 
 (c) the Investor will not, directly or indirectly, offer, sell, pledge, transfer or otherwise dispose of (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the Securities
except in compliance with the Securities Act, applicable state securities laws and the respective rules and regulations promulgated thereunder. 
  

 2 

 EXECUTION 
  

 9. The Company represents and warrants to, and covenants with, the Investor as follows: 
 (a) The Company is duly incorporated and validly existing in good standing under the laws of the State of Delaware, has full power and authority
to own, operate and occupy its properties and to conduct its business as presently conducted and is registered or qualified to do business and in good standing in each jurisdiction in which it owns or leases property or transacts business and where
the failure to be so qualified would have a material adverse effect upon the Company and its subsidiaries as a whole or the business, financial condition, prospects, properties, operations or assets of the Company and its subsidiaries as a whole or
the Company’s ability to perform its obligations under this Agreement in all material respects, and no proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing, or seeking to revoke, limit or curtail, such power
and authority or qualification; 
 (b) The Company has all requisite power and authority to execute, deliver and perform its
obligations under this Agreement; the execution and delivery of this Agreement, and the consummation by the Company of the transactions contemplated hereby, have been duly authorized by all necessary corporate action and no further action on the
part of the Company or the Board or shareholders is required; and 
 (c) The Securities to be sold pursuant to this Agreement have
been duly authorized, and when issued and paid for in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and nonassessable, subject to no lien, claim or encumbrance (except for any such lien, claim or
encumbrance created, directly or indirectly, by the Investor). 
 10. Notwithstanding any investigation made by any party to this Agreement, all
covenants, agreements, representations and warranties made by the Company and the Investor herein shall survive the execution of this Agreement, the delivery to the Investor of the Securities being purchased and the payment therefor, and a
party’s reliance on such representations and warranties shall not be affected by any investigation made by such party or any information developed thereby. 
 11. All notices, requests, consents and other communications hereunder shall be in writing, shall be delivered (A) if within the United States, by first-class registered or certified airmail, or nationally recognized overnight
express courier, postage prepaid, or by facsimile, or (B) if from outside the United States, by FedEx (or comparable service) or facsimile, and shall be deemed given: (i) if delivered by first-class registered or certified mail domestic,
upon the business day received, (ii) if delivered by nationally recognized overnight carrier, one (1) business day after timely delivery to such carrier, (iii) if delivered by FedEx (or comparable service), two (2) business days
after timely delivery to such carrier, or (iv) if delivered by facsimile, upon electric confirmation of receipt and shall be addressed as follows, or to such other address or addresses as may have been furnished in writing by a party to another
party pursuant to this paragraph: 
 (a) if to the Company, to: 
 eDiets.com, Inc. 
 1000 Corporate Drive Suite 600 
 Fort Lauderdale FL 33334 
 Attention: Chief Financial Officer 
 Facsimile:(954) 333-3715 
  

 3 

 EXECUTION 
  

 (b) if to the Investor, c/o eDiets.com, Inc., 1000 Corporate Drive, Fort Lauderdale FL 33334,
Facsimile: (954) 333-3715. 
 12. This Agreement may not be modified or amended except pursuant to an instrument in writing signed by the Company
and the Investor. Any waiver of a provision of this Agreement must be in writing and executed by the party against whom enforcement of such waiver is sought. 
 13. The headings of the various sections of this Agreement have been inserted for convenience of reference only and shall not be deemed to be part of this Agreement. 
 14. This Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter hereof and supersedes all prior and contemporaneous agreements, negotiations and understandings
between the parties, both oral and written relating to the subject matter hereof. If any provision contained in this Agreement is determined to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions contained herein shall not in any way be affected or impaired thereby. 
 15. This Agreement shall be governed by, and construed
in accordance with, the internal laws of the State of Delaware, without giving effect to the principles of conflicts of law. 
 16. This Agreement
shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. No party may assign this Agreement or any rights or obligations hereunder without the prior written consent of the other. 
 17. This Agreement may be executed in two or more counterparts, each of which shall constitute an original, but all of which, when taken together, shall
constitute but one instrument, and shall become effective when one or more counterparts have been signed by each party hereto and delivered to the other parties. In the event that any signature is delivered by fax or electronic mail, such signature
shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature were an original. 
 [Remainder of Page Intentionally Left Blank.] 
  

 4 

 EXECUTION 
  

 Please confirm that the foregoing correctly sets forth the agreement between us by signing below.

  

	
	Dated as of: September 8, 2009
	
	             /s/ Lee Isgur

	Investor: LEE S. ISGUR

  

			
	AGREED AND ACCEPTED:
	
	eDiets.com, Inc.
		
	By:	 	 /s/ Thomas Hoyer

	Name:	 	Thomas Hoyer
	Title:	 	Chief Financial Officer

 Exhibit A:        Form of Warrant 
 Exhibit B:        Form of Amendment No 1 to Registration Rights Agreement 
 [SECURITIES SUBSCRIPTION AND PURCHASE AGREEMENT SIGNATURE PAGE] 
  

 5 

 EXECUTION 
  

 Exhibit A 
 Form of Warrant 
  

 1 

 EXECUTION 
  

 Exhibit B 
 Form of Amendment No 1 to Registration Rights Agreement 
  

 1Amendment No. 1 to Registration Rights Agreement

 Exhibit 10.3 
 EXECUTION 
 AMENDMENT NO. 1 TO
REGISTRATION RIGHTS AGREEMENT 
 This Amendment No. 1 (the “Amendment”) is made as of
September 8, 2009 to that certain Registration Rights Agreement (the “Agreement”) dated as of June 23, 2009, among eDiets.com, Inc., a Delaware corporation (the “Company”), the holders of shares of the
Company’s common stock listed on Exhibit A to the Agreement and incorporated herein by reference (each an “Investor” and collectively the “Investors”), and Prides Capital Fund I, L.P.
(“Prides”). The Investors and Prides are sometimes referred to herein individually as a “Holder” and collectively as the “Holders.” 
 NOW, THEREFORE, the parties hereto agree as follows: 
  

	1.	Recital A is hereby amended to read in its entirety as follows: 

 A. The Company has sold and issued to the Investors an aggregate of 1,066,040 shares of the Company’s common stock (the “Investor Shares”) and warrants (the “Investor Warrants”)
to purchase up to 479,718 shares of the Company’s common stock (the “Investor Warrant Shares”) in a private placement (the “Offering”) for an aggregate purchase price of $1,100,002.40 under the terms and
subject to the conditions of certain Securities Subscription and Purchase Agreements dated as of June 23, 2009 and September 8, 2009 (collectively, the “Purchase Agreement”). 
  

	2.	Exhibit A is hereby amended to replace “100,000” with “571,700” in the Investor Shares Purchased column relating to Kevin N. McGrath and to replace
“100,000” with “194,340” in the Investor Shares Purchased column relating to Lee S. Isgur. 

  

	3.	In all other respects the Agreement shall remain unaltered and continue in full force and effect and nothing herein shall be construed as a waiver or modification of existing rights
under the Agreement, except as such rights are expressly modified by this Amendment. This Amendment and the Agreement shall be read and construed as one document. 

  

	4.	This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same
document. 

 [Remainder of Page Intentionally Left Blank.] 
  

 B-1 

 Please confirm that the foregoing correctly sets forth the agreement among us by signing below.

  

									
	PRIDES CAPITAL FUND I, L.P.	 		 	EDIETS.COM, INC.
				
	By:	 	Prides Capital Partners, LLC, its General Partner	 		 	
					
	By:	 	 /s/ Stephen Cootey
	 		 	By: 	 	 /s/ Thomas Hoyer

	Name:	 	Stephen L. Cootey	 		 	Name:	 	Thomas Hoyer
	Title:	 	Authorized Representative	 		 	Title:	 	Chief Financial Officer
	
	 Address:
 c/o Prides Capital Partners, LLC

 200 High Street, Suite 700
 Boston, MA 02110
 Attention: Murray Indick
 Telephone: (415) 946-1482
 Facsimile: (415) 946-1486
 Email:
murray@pridescapital.com

				
	 INVESTORS:
  
 LEE S. ISGUR
	 		 		 	
				
	 /s/ Lee Isgur
	 		 		 	
				
	KEVIN N. MCGRATH	 		 		 	
				
	 /s/ Kevin McGrath
	 		 		 	
				
	KEVIN A. RICHARDSON II	 		 		 	
				
	 /s/ Kevin Richardson II
	 		 		 	

 [AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT SIGNATURE PAGE]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]