Document:

EXHIBIT 10.2

 

 

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    	4EXHIBIT 10.3

 

EARTHBLOCK
TECHNOLOGIES INC.

SERIES
“A” PREFERRED STOCK PURCHASE

NOTE AGREEMENT

 

 

	$45,000.00	SEPTEMBER
                                                                   26, 2012

in, California

 

 

FOR
VALUE RECEIVED, George Shen and individual residing in California (referred to herein as the "Buyer"),
hereby promises to pay to James Hines (the "Seller") on order, without demand, the principal sum of
$45,000.00 in installments with the payment of the final outstanding balance payment due on or before July 15, 2013 (the
"Final Maturity Date").

 

 

The following terms shall apply to this Note:

 

ARTICLE I

DEFAULT RELATED PROVISIONS

 

1.1     Payment Grace Period. The Buyer shall have a ten (10) business days grace period to pay
any amounts due and payable under this Note as defined below.

1.2     Payments. The first installment payment on this note of $5,000 is due on January 15, 2013. Payments
of $5,000 will be made on the 15th day of the month following the first payment until the Note is paid in full with
any balance owing being paid on or before July 15, 2013.

 

ARTICLE II

PAYMENT OF PRINCIPAL AND ACCRUED INTEREST

 

2.1     Cash Payment.
If the Borrower Company elects to prepay the note they shall give the Holder at least two (2) days notice.

 

2.2     Payments.
All payment will be made by check or wire transfer.

 

ARTICLE III

RECOURSE TO BORROWER

 

The Borrower shall be personally liable
for the full payment of this Note. If the borrower fails to pay this Note on its terms then the Borrower agrees to pay
penalty interest for any unpaid balance at the rate of 10% per annum on the unpaid balance until such time as all principal
payments become current. The Buyer will hold in its position the one share of Series “A” Preferred stock
purchased from James Hines and will not transfer, assign or encumber the Series A Preferred in any way prior to full
payment of the $45,000 principal amount of this Note is received by the Seller.

 

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ARTICLE IV

MISCELLANEOUS

 

4.1     Failure or Indulgence Not Waiver.
No failure or delay on the part of the Holder hereof in the exercise of any power, right or privilege hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative to, and
not exclusive of, any rights or remedies otherwise available.

 

4.2     Notices.
Any notice herein required or permitted to be given shall be in writing and shall be deemed effectively given: (a) upon personal
delivery to the party notified, (b) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient,
if not, then on the next business day, (c) five days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (d) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt. All notices or other communications shall be sent to:

 

	 	If to the Seller:	James Hines
	 	 	5888 Crittenden Drive
	 	 	Cincinnati OH 45224
	 	 	 
	 	If to the Buyer:	George Shen
	 	 	17870 Castleton Street, # 205
	 	 	City of Industry, CA. 91748

 

4.3     Amendment Provision.
The term Note and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed,
or if later amended or supplemented, then as so amended or supplemented.

 

4.4     Assignability.
This Note shall be binding upon the Buyer and its successors and assigns, and shall inure to the benefit of the Seller and its
successors and assigns, and may not be assigned by the Holder, provided, however, that the Holder may ask for the right to assign
the note and shall provide the Company with written notice of any such proposed assignment asking for approval for which the company
will have no than ten (10) business days following such notice to respond.

 

4.5     Governing Law.
This Note shall be governed by and construed in accordance with the laws of the State of California, without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement
shall be brought only in the courts of Ohio. The Buyer, and Seller agree to submit to the jurisdiction of such courts.

IN WITNESS WHEREOF, George Shen has
caused this Note to be signed on this 26th day of September, 2012.

 

	 	 	 
	/s/  George Shen	 	 
	By:  George Shen	 	 

 

 

    	PAGE 2 OF 2EXHIBIT 10.4

 

EARTHBLOCK
TECHNOLOGIES INC.

SERIES
“A” PREFERRED STOCK PURCHASE

NOTE AGREEMENT

 

 

	$45,000.00	SEPTEMBER
                                                                   26, 2012

in, California

 

 

FOR
VALUE RECEIVED, George Shen and individual residing in California (referred to herein as the "Buyer"), hereby
promises to pay to Gregory Pitner (the "Seller") on order, without demand, the principal sum of $45,000.00 in
installments with the payment of the final outstanding balance payment due on or before July 15, 2013 (the "Final
Maturity Date").

 

 

The following terms shall apply to this Note:

 

ARTICLE I

DEFAULT RELATED PROVISIONS

 

1.1     Payment Grace Period.
The Buyer shall have a ten (10) business days grace period to pay any amounts due and payable under this Note as defined below.

1.2     Payments.
The first installment payment on this note of $5,000 is due on January 15, 2013. Payments of $5,000 will be made on the 15th
day of the month following the first payment until the Note is paid in full with any balance owing being paid on or before
July 15, 2013.

 

ARTICLE II

PAYMENT OF PRINCIPAL AND ACCRUED INTEREST

 

2.1     Cash Payment. If
the Borrower Company elects to prepay the note they shall give the Holder at least two (2) days notice.

 

2.2     Payments.
All payment will be made by check or wire transfer.

 

ARTICLE III

RECOURSE TO BORROWER

 

The Borrower shall be personally liable for the full payment of
this Note. If the borrower fails to pay this Note on its terms then the Borrower agrees to pay penalty interest for any unpaid
balance at the rate of 10% per annum on the unpaid balance until such time as all principal payments become current. The Buyer
will hold in its position the one share of Series “A” Preferred stock purchased from Gregory Pitner and will not transfer,
assign or encumber the Series A Preferred in any way prior to full payment of the $45,000 principal amount of this Note is received
by the Seller.

 

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ARTICLE IV

MISCELLANEOUS

 

4.1     Failure or Indulgence
Not Waiver. No failure or delay on the part of the Holder hereof in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other
or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

4.2     Notices.
Any notice herein required or permitted to be given shall be in writing and shall be deemed effectively given: (a) upon personal
delivery to the party notified, (b) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient,
if not, then on the next business day, (c) five days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (d) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt. All notices or other communications shall be sent to:

 

	 	If to the Seller:	Gregory Pitner
	 	 	5888 Crittenden Drive
	 	 	Cincinnati OH 45224
	 	 	 
	 	If to the Buyer:	George Shen
	 	 	17870 Castleton Street, # 205
	 	 	City of Industry, CA. 91748

 

4.3     Amendment Provision.
The term Note and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed,
or if later amended or supplemented, then as so amended or supplemented.

 

4.4     Assignability.
This Note shall be binding upon the Buyer and its successors and assigns, and shall inure to the benefit of the Seller and its
successors and assigns, and may not be assigned by the Holder, provided, however, that the Holder may ask for the right to assign
the note and shall provide the Company with written notice of any such proposed assignment asking for approval for which the company
will have no than ten (10) business days following such notice to respond.

 

4.5     Governing Law.
This Note shall be governed by and construed in accordance with the laws of the State of Ohio, without regard to principles of
conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement
shall be brought only in the courts of Ohio. The Buyer, and Seller agree to submit to the jurisdiction of such courts.

IN WITNESS WHEREOF, George Shen has
caused this Note to be signed on this 26th day of September, 2012.

 

	 	 	 
	/s/  George Shen	 	 
	By:  George Shen	 	 

 

    	PAGE 2 OF 2EXHIBIT 10.5

STATEMENT OF RESOLUTION

ESTABLISHING

2006 SERIES A PREFERRED STOCK

OF

EARTHBLOCK TECHNOLOGIES, INC. 

Pursuant
to Section 78.1955 of the

Private Corporation Law of the State of Nevada

 

EarthBlock
Technologies, Inc., a corporation organized and existing under the Private Corporation Law of the State of Nevada (the “Corporation”
or “Company”), hereby certifies that the following resolutions were adopted by the Board of Directors of the Corporation
as of February 7, 2006, pursuant to authority of the Board of Directors as required by Section 78.1955 of the Private Corporation
Law of the State of Nevada (PCLN):

RESOLVED,
that pursuant to the authority granted to and vested in the Board of Directors of this Corporation (the “Board of Directors”
or the “Board”) in accordance with the provisions of its Articles of Incorporation, the Board of Directors hereby
authorize a series of the Corporation’s previously authorized Preferred Stock, par value $0.001 per share (the “Preferred
Stock”), and hereby state the designation and number of shares, and fix the relative rights, preferences, privileges,
powers and restrictions thereof as follows:

2006 SERIES A PREFERRED
STOCK:

DEFINITIONS

The terms defined
in this Article whenever used in this Statement of Resolution have the following respective meanings:

“Common Shares”
or “Common Stock” means shares of common stock, par value $0.001 per share, of the Corporation.

“Corporation”
or “Company” means EarthBlock Technologies, Inc., a Nevada corporation, and any successor or resulting corporation
by way of merger, consolidation, sale or exchange of all or substantially all of the Corporation’s assets, or otherwise.

“Holder” means,
as applicable, with respect to the Series 2006 Convertible Preferred Stock, and any Person or Persons to whom the 2006 Convertible
Preferred Stock is subsequently transferred.

“Person” means
an individual, a corporation, a partnership, an association, a limited liability company, an unincorporated business organization,
a trust or other entity or organization, and any government or political subdivision or any agency or instrumentality thereof.

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DESIGNATION AND AMOUNT

The designation
of this series, which consists of two (2) shares of Preferred Stock, shall be 2006 Series A Preferred Stock (the “Preferred
Stock”).

2006 SERIES A PREFERRED
STOCK

The Company designated
two (2) shares of Preferred Stock, $.001 par value per share on February 7, 2006 (the "2006 Series A Preferred Stock").
The Series A Preferred Stock has no dividend rights, no liquidation preference, and no conversion or redemption rights. However,
the two (2) shares of 2006 Series A Preferred Stock have the right, voting in aggregate, to vote on all shareholder matters equal
to sixty percent (60%) of the total vote. For example, if there are 100,000 shares of the Company's Common Stock issued and outstanding
at the time of a shareholder vote, the holders of 2006 Series A Preferred Stock, voting separately as a class, will have the right
to vote an aggregate of 60,000 shares, out of a total number of 100,000 shares voting.

Additionally, the
Company shall not adopt any amendments to the Company's Bylaws, Articles of Incorporation, as amended, make any changes to the
Statement of Resolution establishing the 2006 Series A Preferred Stock, or effect any reclassification of the 2006 Series A Preferred
Stock, without the affirmative vote of at least 100% of the outstanding shares of 2006 Series A Preferred Stock. However, the Company
may, by any means authorized by law and without any vote of the holders of shares of 2006 Series A Preferred Stock, make technical,
corrective, administrative or similar changes to such Statement of Resolution that do not, individually or in the aggregate, adversely
affect the rights or preferences of the holders of shares of 2006 Series A Preferred Stock. Gregory A. Pitner and James E. Hines,
who each serve as executive officers of the Company, were each issued one (1) share of 2006 Series A Preferred Stock.

MISCELLANEOUS

Register.
The Corporation shall keep at its principal office a register in which the Corporation shall provide for the registration of the
2006 Series A Preferred Stock. Upon any transfer of the Preferred Stock in accordance with the provisions hereof, the Corporation
shall register such transfer on the register of Preferred Stock.

Headings.
The headings of the Articles and Sections of this Statement of Resolution are inserted for convenience only and do not constitute
a part of this Statement of Resolution.

Severability.
If any provision of this Statement of Resolution, or the application thereof to any person or entity or any circumstance, is invalid
or unenforceable, (i) a suitable and equitable provision shall be substituted therefor in order to carry out the intent and
purpose of such invalid or unenforceable provision, and (ii) the remainder of this Statement of Resolution and the application
of such provision to other persons, entities or circumstances shall not be affected by such invalidity or unenforceability in any
other jurisdiction.

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IN
WITNESS WHEREOF, the Corporation has caused this Statement of Resolution to be signed by its Board of Directors as
of February 7, 2006.

 

	EARTHBLOCK TECHNOLOGIES, INC.	 
	 	 
	Directors	 
	 	 
	 	 
	 By:	/s/ Gregory A. Pitner	 
	 	Gregory A. Pitner	 
	 	 	 
	 	 	 
	 	 	 
	 	/s/ James E. Hines	 
	 	James E. Hines	 
	 	 	 
	 	 	 
	 	 	 
	 	/s/ Gary S. Barker	 
	 	Gary S. Barker	 
	 	 	 

 

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