Document:

SECURITIES PURCHASE AGREEMENT

This  STOCK  PURCHASE  AGREEMENT  (this  "Agreement")  is  made  by  and between
Fahrinsland  Capital  LLC  ("Seller")  and  1514768  Alberta  Ltd.  ("Buyer").

THE  PARTIES  HEREBY  AGREE  AS  FOLLOWS:

1.     Purchase  and  Sale  of  Securities.

(a)     Subject  to  the terms and conditions of this Agreement, and in reliance
upon  the  representations,  warranties  and  covenants  contained herein, Buyer
hereby  agrees  to  purchase  from  Seller  and  Seller  agrees to sell to Buyer
15,738,800 shares of common stock, US$0.0001 par value per share (the "Shares"),
of  Novagen  Solar  Inc.,  a Nevada corporation (the "Company") for an aggregate
purchase  price  of  US$157,388  and  other good and valuable consideration, the
sufficiency  of  which  is  hereby  agreed,  (the  "Purchase  Price").

(b)     The  Seller  hereby acknowledges that he has received payment in full of
the  Purchase  Price.

2.     Representations  and  Warranties of Seller.  Seller hereby represents and
warrants  to  Buyer  that:

(a)     Seller is the record and beneficial owner of the Securities and has sole
management  power  over  the  disposition of the Securities.  The Securities are
free  and  clear  of  any  liens,  claims,  encumbrances,  and  charges.

(b)     The Securities have not been sold, conveyed, encumbered, hypothecated or
otherwise  transferred  by  Seller  except  pursuant  to  this  Agreement.

(c)     Seller  has  the  legal  right  to  enter  into  and  to  consummate the
transactions  contemplated  hereby  and  otherwise  to carry out his obligations
hereunder.

(d)     The  Securities are being sold to Buyer in reliance on Sections 4(1) and
4(2)  of  the  Securities  Act  of  1933,  as  amended.

3.     Representations  and  Warranties  of  Buyer.  Buyer hereby represents and
warrants  to  Seller  that:

(a)     Buyer has the requisite power and authority to enter into this Agreement
and  to  consummate  the transactions contemplated hereby and otherwise to carry
out  its  obligations  hereunder.

(b)     The Securities are being acquired by Buyer solely for investment for
Buyer's own account, not as a nominee or agent, and not with a view to the
resale or distribution of any part thereof; and Buyer will not sell or transfer
such Securities unless covered by a registration statement or an exemption
therefrom.

(c)     Buyer represents and warrants that Buyer is an investor experienced in
the evaluation of businesses similar to the Company, has such knowledge and
experience in financial and business matters as to be capable of evaluating the
merits and risks of this investment, and has had access to all information
respecting the Company that Buyer has requested.

4.     Miscellaneous.

(a)     Successors  and  Assigns.  The  terms  and  conditions of this Agreement
shall  inure  to  the benefit of and be binding upon the respective heirs, legal
representatives,  successors  and  assigns  of  the  parties.

(b)     Counterparts.  This  Agreement  may be executed in counterparts, each of
which  shall  be  deemed an original, but all of which together shall constitute
one  and  the  same  instrument.

(c)     Titles and Subtitles.  The titles and subtitles used in this Agreement
are used for convenience only and are not to be considered in construing or
interpreting this Agreement.

(d)     Notices.  Unless otherwise provided, any notice required or permitted
under this Agreement shall be given in writing and shall be deemed effectively
given upon personal delivery to the party to be notified or sent by overnight
delivery by an internationally recognized overnight courier upon proof of
sending thereof and addressed to the party to be notified at the address
indicated for such party on the signature page hereof, or at such other address
as such party may designate by written notice to the other parties.

(e)     Expenses.  Each  of  the  parties  shall bear its own costs and expenses
incurred  with  respect to the negotiation, execution, delivery, and performance
of  this  Agreement.

(f)     Amendments and Waivers. Any term of this Agreement may be amended and
the observance of any term of this Agreement may be waived (either generally or
in a particular instance and either retroactively or prospectively), only with
the written consent of Seller and Buyer.

(g)     Assignment.  Buyer  may sell, assign or transfer any of its rights under
this  Agreement  as  it  sees  fit  and  without  notice.

(h)     Entire  Agreement.  This Agreement represents and constitutes the entire
agreement  and  understanding  between  the  parties  with regard to the subject
matter  contained  herein.  All  prior  agreements,  understandings  and
representations  are  hereby  merged  into  this  Agreement.

IN  WITNESS  WHEREOF, the undersigned have executed, or caused to be executed on
their behalf by an agent thereunto duly authorized, this Agreement as of May 18,
2011.

                                             1514768  ALBERTA  LTD.

                                             PER:  /s/ Fidel Thomas
                                                   FIDEL  THOMAS
                                                   AUTHORIZED  SIGNATORY

                                             FAHRINSLAND  CAPITAL  LLC

                                             /s/ Lavinia Tom
                                                 LAVINIA  TOM,  MANAGERnlef_ex1055.htm

 

Exhibit 10.55

 

 

 

 

                      February 16, 2010

 

Re:           Side Letter Agreement regarding the Subscription Agreement by and between New Leaf Brands, Inc. (hereinafter the “Company”) and you

Dear:

 

This Side Letter Agreement (“Agreement”) entered into on the date of this letter, by and between the Company and you will serve to amend and add certain terms relating your investment in that certain Subscription Agreement on December 17, 2009 (the “Subscription Agreement”) between you and the Company.  Capitalized terms used herein which are not otherwise defined shall have the same meaning as those given to them in the Subscription Agreement.

 

For good and valuable consideration, both parties agree that the Subscription Agreement will be amended to include the following Clause:

 

Most Favored Nations Clause

 

From the date of this Agreement and up to and including April 30, 2010, (the “Reset Period”), if the Company or any wholly-owned subsidiary of the Company issues any Common Stock and/or securities that can be converted or exercised for Common Stock (the “New Securities”) at an “Effective Price” per share that is less than the Unit Price in the Subscription Agreement, you will be entitled to receive additional shares of Common Stock and/or additional Warrants, subject to the conditions below.

 

In this Clause, “Effective Price” means:

	
(a)  

	
the Unit Price that the New Securities are sold for if there is more than one security sold together as a Unit;

	
(b)  

	
the deemed selling price of Common Stock if only Common Stock is sold based on the transaction documents for that sale.  If the transaction documents do not deem a price for the Common Stock or there are no transaction documents, then the Effective Price will be the closing market price of the Common Stock as quoted on the Over the Counter Bulletin Board; or

	
(c)  

	
the exercise price of Warrants, if only Warrants are sold.

In the Reset Period, if the Company or any wholly-owned subsidiary of the Company issues any Units that contain warrants and the percentage of warrant coverage is greater than that stated in the Subscription Agreement, then you may be entitled to receive additional Warrants, subject to the conditions below:

 

For purposes of clarity, the following example is provided:

 

For Common Stock:

 

	
(a)  

	
You invested $50,000 and received 111,111 shares of Common Stock plus Warrants at the deemed Unit Price of $0.45 per share of Common Stock.

 

	
(b)  

	
The Company issues Common Stock at a price of $0.40 during the Reset Period for investment purposes.  You would receive 13,889 additional shares of Common Stock. The calculation is ($50,000/$0.40) - ($50,000/$0.45) = 13,889 shares of Common Stock.

New Leaf Brands, Inc. · 9380 E. Bahia Dr., Suite A-201 · Scottsdale, AZ  85260

Phone:  (480) 951-3956 · Facsimile:  (480) 483-2168

www.newleafbrands.com

 

 

 

 

 

 

For Warrants:

	
(a)  

	
For a $50,000 investment, you received Warrants as part of a Unit or Units to purchase 59,091 shares of Common Stock.

	
(b)  

	
For the equivalent $50,000 investment, the Company issues Units consisting of 111,111 Common Stock plus 100,000 Warrants during the Reset Period for investment purposes, you would receive an additional Warrant to purchase 40,909 shares of Common Stock.

Such examples are not exhaustive of the facts that may occur and serve as an illustration only.

 

Excluded Items.  The Most Favored Nations clause will only be trigged by security issuances for purposes of fundraising.  Issuances of option or other securities, including Common Stock, for purposes of compensating employees, officers, directors and consultants will not trigger this clause.  Additionally, the issuance of Common Stock upon the exercise or conversion of securities already outstanding at the date of this Agreement will not trigger this clause.  The Company shall notify you in writing as soon as practicable following the issuance of any security subject to this Clause, indicating therein the applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing terms.

 

Additionally, the registration rights referred to in section 8.2 of the Subscription Agreement start on the date of closing which is now defined as February 22, 2010.

 

No other terms, rights or provisions of the Subscription Agreement should be considered to have been modified by the terms of this Agreement and each party retains all other rights, obligations, privileges and duties contained in the Subscription Agreement.

	
Sincerely,

 

David Tsiang

Chief Financial Officer

	  	
AGREED AND ACCEPTED:

 

Investor Signature:  ________________________________

 

Printed Name:  ____________________________________

 

Date:  ___________________________________________

 

 

 

 

New Leaf Brands, Inc. · 9380 E. Bahia Dr., Suite A-201 · Scottsdale, AZ  85260

Phone:  (480) 951-3956 · Facsimile:  (480) 483-2168

www.newleafbrands.com

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