Document:

f8k102909ex10_magnegas.htm

     

    Exhibit
10.1

     

    Strategic
Alliance Agreement

     

    This
Strategic Alliance Agreement ("SAA") is entered into by and between Magnegas
Corporation ("MNGA") and TIES International a Kuwaiti company ("TIES") entered
into on this 29th day of October, 2009.

     

    1. Recitals

     

    Whereas,
MNGA is a corporation organized and existing under the law of the state of
Delaware with its principle place of business in the state of
Florida.

     

    Whereas
TIES is a company organized and existing under the laws of the Kuwait with its
principle place of business in Kuwait.

     

    Whereas, TIES is Kuwaiti
company engaged in the business of engineering total solutions for clients in
the oil sector, power sector and wastewater sector (www.TIES.com.kw).

     

    Whereas,
MNGA is a Delaware Corporation engaged in the business of generating a hydrogen
based gaseous fuel, irrigation water and other byproducts from liquid waste with
its patented Plasma Arc Flow technology.

     

    Whereas,
MNGA and TIES are desirous to enter into a collaboration for promotion of the
technology in the Middle East. The focus of promotion will be in two main
markets. The first market is the conversion of sewage to clean water and fuel.
There is a current environmental sewage catastrophe in Kuwait has prompted
finding a solution and thus establishing the collaboration between the two
parties. The second market is the conversion of refinery oil waste to Magnegas
or hydrogen. There is an enormous environmental problem in Kuwait with the
disposal of oil and petro-chemical refinery waste that can potentially be solved
with the Magnegas technology.

     

    MNGA and
TIES agree to the following:

     

    2. Responsibilities
for a Strategic Alliance

     

    
      	
              a)  

            	
              MNGA
      will provide the technical know-how and related support regarding the
      Magnegas Technology, its byproducts and use
  thereof

            

    

    
      	
              b)  

            	
              TIES
      will provide the local promotional and engineering
  support.

            

    

    
      	
               
      c)   

            	
              The
      collaboration of the two parties are also desirous of setting up
      manufacturing facilities for the MNGA technology in the local
      region.

            

    

     

    3. Scope
of Alliance

     

    a) The
alliance will focus on the following:

    I.
Selling Plasma Arc Flow equipment to convert sewage to irrigation water and
fuel.

     

    4. This
is a NON-EXCLUSIVE Agreement

     

    
      5.
Website
Links and Image Authorization 

      www.magnegas.com

      www.TIES.com.kw

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    MNGA and
TIES authorize each other to be named as a "Partner" on each others website with
a corporate logo linking to its website.

     

    MNGA and
TIES have the right to withdraw from this agreement at any time. The other party
has to delete all logos, references or links from its website upon written
demand not later than 3 days after
receiving this demand by e-mail and/or fax.

     

     

    
      
        	 	 	 	 	 
	
                DATED:
      29 Oct '09

              	 	 	
                /s/
      Dr Adnan Al Homoud

              	 
	
                 

              	 	 	
                Dr
      Adnan Al Homoud, TIES

              	 

      

    

     

    
       

      
        
          	 	 	 	 	 
	
                  DATED:
      29 Oct '09

                	 	 	
                  /s/
      Dr. Ruggero Santilli 

                	 
	
                   

                	 	 	
                        
                    Dr. Ruggero Santilli
      Magnegas Corporation

                  

                	 
	
                   

                	 	 	
                   

                	 

        

      

       

       

       

       

       

       

       Page
2 of 2f8k110409ex10ii_globalhold.htm

    Exhibit 10.2

    AMENDMENT
TO STOCK PURCHASE AGREEMENT

     

    This
amendment dated October 22, 2009 to the Stock Purchase Agreement dated April 13,
2009 and the amendment
thereto by and amongst Global Holdings, Inc. ("Global" or the "Company"),
Mitchell Cohen (“Cohen"), Stuart Davis ("Davis") (collectively Cohen and Davis
are referred
to as the "Sellers") and Alpha 1 Security, Inc.
("Purchaser"). The Company, Seller and Purchaser may collectively be
referred to as the "Parties".

     

    BACKGROUND

     

        A.  Purchaser and Seller are the parties to
that certain Stock Purchase Agreement dated April 13, 2009 between the parties and amendment
there (collectively the Stock Purchase Agreement and all Amendments shall be referred to as the
"SPA"); and

     

        B.  The parties desire to amend certain parts
of the SPA as set forth below.

     

    NOW. 'THEREFORE, in
consideration of the execution and delivery of the Agreement and other
good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereby agree as follows:

     

        1.    Section
2.2 of the Agreement is amended to reflect that the total balance of the
purchase price
shall be $160,000
and shall
be paid in the following manner:

     

       a. $160,000
on October 23,
2009

     

        2.    The amounts set forth shall be
non-refundable
upon receipt_ The Sellers
shall
have no obligation to
deliver any shares until the full payment of $160,800
has been delivered
to
the
Sellers. In the event that
Purchaser fails to make any payments in accordance with the Agreement the Purchaser shall be in default of
the Agreement and the Sellers shall have no obligation to deliver any shares to
the Purchaser or abide by any further
terms of the Agreement There will be no grace
periods
and all
funds must be received by
seller's attorney in their
wire account
by 4 PM EST on October 23. 2009.

     

       3.    In
accordance with the SPA, the Sellers were to deliver 163,568,000 shares
(post split) to the Purchaser. The parties hereby agree that the SPA is
amended to reflect that the total shares to be delivered by the Sellers
will be 161,568,000 shares (post split). In addition, it is agreed that the
total of 5,832,000 shares retained the Sellers will be "freed up" in ninety days
from October 23, 2009 in accordance with Rule 144. Sellers shall have their
counsel provide an opinion at Closing to be held in escrow until the ninety (90)
day period has passed. It is
further understood that the shares to be
retained by Sellers shall be subject to an anti-dilution clause for two
years from the date of Closing so that if the Company undertakes a
reverse split at any time during the two year period then the
Company will reissue
shares to the Sellers so that they shall maintain a total of 5,832,000
shares (less
any shares
sold by the Sellers) until the two year period has
elapsed. The Purchaser and
its
agents agree
to that this
agreement is final and
binding.

     

        4.    This
Amendment shall be deemed part of, but shall take precedence over and
supersede any provisions to the contrary contained in the Agreement. All
initial capitalized terms used in this Amendment shall have the same
meaning as set forth in the Agreement unless otherwise
provided.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Except as specifically modified hereby,
all of the provisions of the Agreement which are not in conflict with the terms of this Amendment shall remain in
full force and effect.

       

          IN WITNESS
WHEREOF, the parties hereto have executed this Amendment as of the date
first
above written.

       

       

      
      

       

      
        	 Company:	By: /s/Mitchell
      Cohen
	 	Name: Mitchell
      Cohen
	 	
                Title:
      President & CFO

              
	 	 
	 Seller:	By: /s/Mitchell
      Cohen
	 	Name: Mitchell
      Cohen, Individually
	 	 
	 Seller:	By: /s/Stuart
      Davis
	 	Name: Stuart Davis,
      Individually
	 	 
	 Purchaser:	Alpha 1
      Security, Inc. 
	 	 
	 	By: /s/Mark
      McCloy
	 	Name:
      Mark McCloy, Presidentex41.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

	CERTIFICATE OF DESIGNATION OF THE RELATIVE RIGHTS AND

PREFERENCES

OF THE

SERIES A PREFERRED STOCK

OF

QUADRA PROJECTS INC.

          The undersigned, the President of Quadra Projects Inc., a Nevada corporation (the "Company"), in accordance with the provisions of the Nevada Revised Statutes, does hereby certify that, pursuant to the authority conferred upon the Board of Directors by the Articles of Incorporation of the Company, the following resolution creating a series of preferred stock, designated as Series A Convertible Preferred Stock, was duly adopted on October 30, 2009, as follows:

          RESOLVED, that pursuant to the authority expressly granted to and vested in the Board of Directors of the Company by provisions of the Articles of Incorporation of the Company (the "Articles of Incorporation"), there hereby is created out of the shares of the Company’s preferred stock, par value $0.001 per share, of the Company authorized in the Articles of Incorporation (the "Preferred Stock"), a series of Preferred Stock of the Company, to be named "Series A

Preferred Stock," consisting of 20,000,000 shares, which series shall have the following designations, powers, preferences and relative and other special rights and the following qualifications, limitations and restrictions:

          1. Designation and Rank. The designation of such series of the Preferred Stock shall be the Series A Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"). The maximum number of shares of Series A Preferred Stock shall be 20,000,000. The Series A Preferred Stock shall rank senior to the Company’s common stock, par value $0. 001 per share (the "Common Stock"), and to all other classes and series of equity securities of the Company which by their terms do not rank senior to the Series A Preferred Stock ("Junior Stock"). The Series A Preferred Stock shall be subordinate to and rank junior to all indebtedness of the Company now or hereafter outstanding.

          2. Dividends. Holders of the Series A Preferred Stock shall share ratably, with the holder of Common Stock, in any dividends that may, from time to time be declared by the  Board of Directors.

          3. Voting Rights. The holders of shares of the Series A Preferred Stock shall have the following voting rights:

                  (a) Subject to the provision for adjustment hereinafter set forth, each share of the Series A Preferred Stock shall entitle the holder thereof to 100 votes on all matters submitted to a vote of the stockholders of the Company. In the event that the Company shall at any time declare or pay any dividend on the common stock payable in shares of common stock, or effect a subdivision or combination or consolidation of the outstanding tshares of common stock (by reclassification or otherwise than by payment of a dividend in shares of common stock) into a greater or lesser number of shares of common stock, then in each such case the number of votes per share to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event shall be adjusted by multiplying such number by a fraction, the numberator of which is the number of shares of common stock outstanding immediately after such event and the denominator of which is the number of shares of common stock that were outstanding immediately prior to such event.

	{WLMLAW W0032523.DOCX}

                 (b) Except as otherwise provided herein, in any other Certificate of Designations creating a series of Preferred Stock or any similar stock, or by law, the holders of shares of Series A Preferred Stock and the holders of shares of common stock and any other capital stock of the Company having general voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Company.

           4. Liquidation Preference. The holders of the Series A Preferred Stock shall rank pari passu with the holders of common stock in respect of all rights n liquidation, dissolution or winding up, with all of said assets being distributed among the holders of the Series A Preferred Stock and the other classes of stock ranking pari passu with the Series A Preferred Stock, if any, ratably in accordance with the respective amounts that would be payable on such shares if all amounts payable thereon were paid in full.

                 (a) A consolidation or merger of the Company with or into any other corporation or corporations, or a sale of all or substantially all of the assets of the Company, or the effectuation by the Company of a transaction or series of related transactions in which more than 50% of the voting shares of the Company is disposed of or conveyed, shall not be deemed to be a liquidation, dissolution, or winding up within the meaning of this Section 4. In the event of the merger or consolidation of the Company with or into another corporation, the Series A Preferred Stock shall maintain its relative powers, designations and preferences provided for herein and no merger shall result which is inconsistent therewith.

                  (b) Written notice of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, stating a payment date and the place where the distributable amounts shall be payable, shall be given by mail, postage prepaid, no less than forty-five (45) days prior to the payment date stated therein, to the holders of record of the Series A Preferred Stock at their respective addresses as the same shall appear on the books of the Company.

          5. Conversion. The Series A Preferred Stock shall not have any conversion rights.

          6. No Preemptive Rights. No holder of the Series A Preferred Stock shall be entitled to rights to subscribe for, purchase or receive any part of any new or additional shares of any class, whether now or hereinafter authorized, or of bonds or debentures, or other evidences of indebtedness convertible into or exchangeable for shares of any class, but all such new or additional shares of any class, or any bond, debentures or other evidences of indebtedness convertible into or exchangeable for shares, may be issued and disposed of by the Board of Directors on such terms and for such consideration (to the extent permitted by law), and to such person or persons as the Board of Directors in their absolute discretion may deem advisable.

          7. Vote to Change the Terms of Issued Preferred Stock. The affirmative vote at a meeting duly called for such purpose or the written consent without a meeting, of the holders of not less than fifty percent (50%) of the then outstanding shares of Series A Preferred Stock (in addition to any other corporate approvals then required to effect such action), shall be required (a) for any change to this Certificate of Designation or the Company's Articles of Incorporation which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series A Preferred Stock.

          8. Lost or Stolen Certificates. Upon receipt by the Company of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of any Preferred Stock Certificates representing the shares of Series A Preferred Stock, and, in the case of loss, theft or

	{WLMLAW W0032523.DOCX}

destruction, of any indemnification undertaking by the holder to the Company and, in the case of mutilation, upon surrender and cancellation of the Preferred Stock Certificate(s), the Company shall execute and deliver new preferred stock certificate(s) of like tenor and date; provided, however, the Company shall not be obligated to re-issue Preferred Stock Certificates if the holder contemporaneously requests the Company to convert such shares of Series A Preferred Stock into Common Stock.

          9. Effect of Common Stock Splits, etc. In the event the Company shall at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under Sections 2, 6 or 7 shall be adjusted by multiplying each such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.

          10. Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Certificate of Designation shall be cumulative and in addition to all other remedies available under this Certificate of Designation, at law or in equity (including a decree of specific performance and/or other injunctive relief), no remedy contained herein shall be deemed a waiver of compliance with the provisions giving rise to such remedy and nothing herein shall limit a holder's right to pursue actual damages for any failure by the Company to comply with the terms of this Certificate of Designation. Amounts set forth or provided for herein with respect to payments, conversion and the like (and the computation thereof) shall be the amounts to be received by the holder thereof and shall not, except as expressly provided herein, be subject to any other obligation of the Company (or the performance thereof). The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the holders of the Series A Preferred Stock and that the remedy at law for any such breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, the holders of the Series A Preferred Stock shall be entitled, in addition to all other available remedies, to an injunction restraining any breach, without the necessity of showing economic loss and without any bond or other security being required.

          11. Specific Shall Not Limit General; Construction. No specific provision contained in this Certificate of Designation shall limit or modify any more general provision contained herein. This Certificate of Designation shall be deemed to be jointly drafted by the Company and all initial purchasers of the Series A Preferred Stock and shall not be construed against any person as the drafter hereof.

          12. Failure or Indulgence Not Waiver. No failure or delay on the part of a holder of Series A Preferred Stock 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.

{WLMLAW W0032523.DOCX}

     IN WITNESS WHEREOF, the undersigned has executed and subscribed this Certificate and does affirm the foregoing as true this 30th day of October, 2009.

	    	QUADRA PROJECTS INC.

            /s/ Claude Diedrick

By: 

_________________________________

      Name: Claude Diedrick

      Title: President 

{WLMLAW W0032523.DOCX}

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