Document:

ex102.htm

Exhibit 10.2

Reve Technologies, Inc.

Stock Purchase Agreement

This Stock Purchase Agreement (“Agreement”) is entered into on the 17th day of July 2015 by and between the undersigned, Reve Technologies, Inc. (“Company”) and David Forster, an individual (“Purchaser”), wherein, the Company does hereby wish to sell, and the Purchaser does hereby wish to purchase, twenty two million  (22,000,000) Shares of the Company’s Common Stock for the purchase price of Twenty Six Thousand Dollars ($26,000); approximately $0.00118 per share, subject to the terms and conditions of this Stock Purchase Agreement and on the basis of the representations, warranties, covenants and agreements contained herein.

 

PURCHASE OR SALE: Subject to the terms and conditions hereinafter set forth, at the closing of the transaction which is the subject of this Agreement, the Seller shall sell, convey, transfer and deliver to the Purchaser certificates representing such Stock, and the Purchaser shall purchase from the Seller the Stock in consideration of the Purchase Price set forth in this Agreement. The Certificates representing the Stock shall be duly registered in the name of the purchaser.

 

The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended or applicable state securities laws. The securities have been acquired for investment and not with a view toward resale and may not be offered for sale, sold, sold, transferred, or assigned in the absence of an effective registration statement for the securities under the Securities Act Of 1933, as amended or applicable state securities laws, unless the company has received an opinion of counsel which is satisfactory to the company, to the effect that such registrations are not required.

 

1.           Representations and Warranties.  The Purchaser hereby acknowledges, represents, warrants, and agrees as follows:

 

(a)           Prior to the execution of this Stock Purchase Agreement, the Purchaser has carefully reviewed all documents pertaining to the sale and purchase of the Shares and understands the information contained therein;

 

(b)           Neither the Securities and Exchange Commission (the “SEC’) nor any state securities commission or other regulatory authority has approved the Shares or passed upon or endorsed the merits of the Offering;

 

(c)           All documents, records, and books pertaining to the investment in the Shares have been made available for inspection by the Purchaser and its Advisers, if any;

  

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(d)           The Purchaser has had a reasonable opportunity to ask questions of and receive answers from a person or persons acting on behalf of the Company concerning the Shares and the business, financial condition and results of operations of the Company, and all such questions have been answered to the full satisfaction of the Purchaser and its Advisers, if any;

 

(e)           In evaluating the suitability of an investment in the Company, the Purchaser has not relied upon any representation or information (oral or written) other than as stated herein;

 

(f)           The Purchaser is acquiring the Shares solely for such Purchaser’s own account for investment purposes only and not with a view to or intent of resale or distribution thereof, in whole or in part. The Purchaser has no agreement or arrangement, formal or informal, with any person to sell or transfer all or any part of the Shares and the Purchaser has no plans to enter into any such agreement or arrangement;

 

(g)           The Purchaser has adequate means of providing for such Purchaser’s current financial needs and foreseeable contingencies and has no need for liquidity of its investment in the Shares for an indefinite period of time;

 

(h)           The Purchaser is aware that an investment in the Shares is high risk, involving a number of very significant risks and, in particular, acknowledges that the Company has a limited operating history, and has had operating losses since inception.

 

5.           Representations and Warranties of the Company.  The Company hereby represents and warrants to the Subscriber the following:

 

(a)           Organization and Qualification.  The Company is a corporation duly organized and validly existing under the laws of the State of Nevada The Company has all requisite power and authority to carry on its business as currently conducted. The Company is duly qualified to transact business in each jurisdiction in which the failure to be so qualified would reasonably be expected to have a material adverse effect.

 

(b)           Authorization.  As of the Closing, all action on the part of the Company, its board of directors, officers and existing stockholders necessary for the authorization, execution and delivery of this Agreement, and the performance of all obligations of the Company hereunder shall have been taken, and this Agreement, assuming due execution by the parties hereto, will constitute valid and legally binding obligations of the Company, enforceable in accordance with its terms, subject to: (i) judicial principles limiting the availability of specific performance, injunctive relief, and other equitable remedies and (ii) bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect generally relating to or affecting creditors’ rights.

  

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(c)           Valid Issuance of the Common Stock.  The shares of Common Stock, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, shall be duly and validly issued and will be free of restrictions on transfer directly or indirectly created by the Company other than restrictions on transfer under this Agreement and under applicable federal and state securities laws.

 

(d)           Governmental Consents.  No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority on the part of the Company is required in connection with the offer, sale or issuance of Shares, except for the following: (i) the filing of such notices as may be required under the Securities Act and (ii) the compliance with any applicable state securities laws, which compliance will have occurred within the appropriate time periods therefor.

 

(e)           Litigation.  There are no actions, suits, proceedings or investigations pending or, to the best of the Company’s knowledge, threatened before any court, administrative agency or other governmental body against the Company which question the validity of this Agreement or the right of the Company to enter into this Agreement, or to consummate the transaction contemplated hereby. The Company is not a party or subject to, and none of its assets is bound by, the provisions of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality.

 

(f)           Compliance with Other Instruments.  The Company is not in violation or default of any provision of its Articles of Incorporation, as in effect immediately prior to the Closing. The Company is not in violation or default of any provision of any material instrument, mortgage, deed of trust, loan, contract, commitment, judgment, decree, order or obligation to which it is a party or by which it or any of its properties or assets are bound.  To the best of its knowledge, the Company is not in violation or default of any provision of any federal, state or local statute, rule or governmental regulation. The execution, delivery and performance of and compliance with this Agreement and the issuance of the Shares, will not result in any such violation, be in conflict with or constitute, with or without the passage of time or giving of notice, a default under any such provision, require any consent or waiver under any such provision (other than any consents or waivers that have been obtained), or result in the creation of any mortgage, pledge, lien, encumbrance or charge upon any of the properties or assets of the Company pursuant to any such provision.

 

(g)           No General Solicitation.  Neither the Company nor any person acting on behalf of the Company has offered or sold any of the Shares by any form of general solicitation or general advertising (within the meaning of Regulation D).

 

6.           Modification.  This Stock Purchase Agreement shall not be modified or waived except by an instrument in writing signed by the party against whom any such modification or waiver is sought.

  

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7.           Hold Harmless.  The undersigned agrees to defend, indemnify and hold harmless the Company or any of its’ respective officers, directors, agents or any other persons participation in the sale of stock against any liability, cost or expenses arising as a result of any sale or distribution of any shares of stock purchased by the undersigned in violation of the Securities Act of 1933, as amended.

8.           Governing Law. This agreement and all transactions contemplated in this Agreement shall be governed by, construed and enforced in accordance with the laws of the State of ­Nevada.  The parties herein waive trial by jury and agree to submit to the personal jurisdiction and venue of a court of subject matter jurisdiction located in Las Vegas County in the State of Nevada. In the event that litigation results from or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing party's reasonable attorney's fees, court costs and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled.

 

This Agreement is a legally binding instrument upon the execution of both the undersigned and at least one Director from the Company.

 

IN WITNESS WHEREOF, this Agreement has been executed by each of the individual parties on the date first above written.

AGREED TO:

 

Reve Technologies, Inc. (Seller)                                                                         David Forster (Purchaser)

 

/s/Tamio Stehrenberger                      /s/David Forster                                  

 ______________________________                                                          ______________________________ 

By:  Tamio Stehrenberger                                                                                     By:  David Forster

  

4ex103.htm

Exhibit 10.3

AGREEMENT OF ASSIGNMENT

This Assignment Agreement is made effective as of July 20, 2015, between Reve Technologies, Inc., a publicly trading Nevada Corporation and Mr. David Forster, President, CEO and CFO of Reve Technologies, Inc.

 

WHEREAS:  David Forster (“Assignor”) wishes to assign a certain technology that he owns, Hush Chat, to Reve Technologies, Inc. (“Assignee”) and Reve Technologies, Inc. wishes to accept the assignment from David Forster, and therefore, each do hereby enter into an Agreement of Assignment (“Agreement”) pursuant to the terms and conditions set forth below.

THEREFORE, David Forster shall assign his rights, interests, and title to Hush Chat to Reve Technologies, Inc.

Reve Technologies, Inc. and David Forster, sometimes referred to jointly as “parties,” hereby acknowledge the receipt and sufficiency of this Agreement and agree each and with the other as follows:

1.  Consideration of Assignment.  David Forster shall assign all of his rights, title and interest to Reve Technologies, Inc. in exchange of one million (1,000,000) shares of Reve Technologies, Inc. Series B Voting Preferred Stock.

2.  Terms of Assignment.  Upon execution of this Assignment Agreement and approval and authorization of the Board of Directors of Assignee, a letter of instruction shall be sent to the Transfer Agent, West Coast Transfer, Inc. instructing the Transfer Agent to issue Mr. Forster 1,000,000 Series B Voting Preferred Stock of Reve Technologies, Inc.

3.  Licensing Technology.  Upon closing of this Agreement, the Assignee may, at its discretion, enter into one or more licensing agreements with other companies.

4.  Authority.  David Forster has all requisite power and authority to assign Hush Chat, and does so willingly and without duress.  The execution and delivery of this Agreement and the consummation of the transaction contemplated by this Agreement have been duly authorized.  No other proceeding is necessary to authorize such documents or to consummate the transaction contemplated in this Agreement.

5.  Organization and Good Standing.  Reve Technologies, Inc. is duly incorporated, organized, validly existing and in good standing under the laws of the State of Nevada, and has all requisite corporate power and authority to own, lease and to carry on its business as now being conducted.

6.  Execution of Agreement. This Agreement, when executed and delivered, will be valid and binding obligations of the parties and will be enforceable under the full force of the law and in accordance with the laws of the State of Nevada, except:

  

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(A) As limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally;

(B) As limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies; and

(C) As limited by public policy.

7.  Non-Contravention.  Neither the execution, delivery, performance of this Agreement nor the consummation of this transaction will:

(A) Conflict with, result in a violation of, cause a default under (with or without notice, lapse of time or both) or give rise to a right of termination, amendment, cancellation or acceleration of any obligation contained in or the loss of any material benefit under, or result in the creation of any lien, security interest, charge or encumbrance upon any of the Assets under any term, condition, or provision of any loan or credit agreement, note, debenture, bond, mortgage, indenture, lease or other agreement, instrument, permit, license, judgment, order, decree, statute, law, ordinance, rule or regulation applicable to the Company, or any of its material property or assets; or

(B) Violate any order, writ, injunction, decree, statute, rule, or regulation of any court or governmental or regulatory authority applicable to the Company or any of the assets held by the Company.

8.  Actions and Proceedings.  To the best knowledge of Assignor there is no claim, charge, arbitration, grievance, action, suit, investigation or proceeding by or before any court, arbiter, administrative agency or other governmental authority now pending or, to the best knowledge of the Assignor, threatened against the Assignor which involves any of the business, or the properties of Hush Chat that, if adversely resolved or determined, would have a material adverse effect on the business, operations, assets, properties, prospects or conditions of Hush Chat taken as a whole. There is no reasonable basis for any claim or action that, based upon the likelihood of its being asserted and its success if asserted, would have a material adverse effect.

9.  Material Contracts and Transactions. There are no material contracts, agreements, licenses, permits, arrangements, commitments, instruments, understandings or contracts, whether written or oral, express or implied, contingent, fixed or otherwise, to which Hush Chat is a party, except as disclosed by Mr. Forster.

10. Warranties and Guarantees:  Assignor does not warrant or guarantee that Hush Chat will perform in any manner except for what has been disclosed to the Assignee and does not warrant or guarantee its continued performance or any actual results from its use.

11.Public Announcements. Until the closing date, both parties each agree that they shall not release or issue any reports or statements or make any public announcements relating to this Agreement or the transaction contemplated herein without the prior written consent of the other party, except as may be required upon written advice of counsel to comply with applicable laws or regulatory requirements after consulting with the other party and seeking reasonable consent to such announcement.

  

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12. TERMINATION

12. Termination. This Agreement may be terminated, in writing, at any time prior to the Closing Date contemplated hereby by:

(A) Mutual agreement of Reve Technologies, Inc. and Mr. David Forster;

(B) Either party if there has been a material breach of any material representation, warranty, covenant or agreement set forth in this Agreement that is not cured, to the reasonable satisfaction of the party to whom the breach has occurred, within ten business days after notice of such breach is given (except that no cure period shall be provided for a breach by either party that by its nature cannot be cured);

(C) Upon the written request and resignation and/or termination of Mr. David Forster.

12.1 Effect of Termination. In the event of the termination of this Agreement as provided in Section 6.1, this Agreement shall be of no further force or effect, provided, however, that no termination of this Agreement shall relieve any party of liability for any breaches of this Agreement that are based on a wrongful refusal or failure to perform any obligations.

13. GENERAL

13.1 Effectiveness of Representations; Survival. Each party is entitled to rely on the representations, warranties, indemnifications and agreements of each of the other party and all such representation, warranties and agreement shall be effective regardless of any investigation that any party has undertaken or failed to undertake. The representations, warranties and agreements shall survive the Closing Date and continue in full force and effect until one (1) year after the Closing Date.

13.2 Exclusivity. Until such time, if any, as this Agreement is terminated pursuant to this Agreement, neither party shall, directly or indirectly solicit, initiate, entertain or accept any inquiries or proposals from, discuss or negotiate with, provide any non-public information to, or consider the merits of any unsolicited inquiries or proposals from any person or entity relating to any transaction contemplated by this Agreement.

13.3 Amendment. This Agreement may not be amended, or modified, except by an instrument in writing signed by each of the parties.

13.4 Entire Agreement. This Agreement, the schedules attached hereto and the other documents in connection with this Transaction contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior arrangements and understandings, both written and oral, expressed or implied, with respect to this Agreement. Any preceding correspondence or offers are expressly superseded and terminated by this Agreement.

  

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13.5 Notices. All notices and other communications required or permitted under this Agreement shall be sent to the addresses exchanged by the parties set forth in this Agreement for this purpose, and as may from time to time be updated by one party to the other, which must be in writing and shall be deemed given if sent by personal delivery, faxed with electronic confirmation of delivery, internationally-recognized express courier or registered or certified mail (return receipt requested), postage prepaid, to the parties at the addresses specified by a party to the others from time to time for notice purposes, or via electronic delivery upon confirmation of receipt from the other party .

14. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada and the Federal laws applicable to the subject matter in the State of Nevada.

15. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties.

 

16. Electronic Execution. This Agreement may be executed by delivery of executed signature pages and shall be effective for all purposes.

17. Independent Legal Advice. Both parties confirm that each has been given the opportunity to seek and obtain independent legal advice prior to execution of this Agreement, and enter into this Agreement and execute this Agreement on the same equal footing, with equal understanding of the Agreement.

 

18. Understanding and Acknowledgement.  Upon execution of this Agreement, both parties do hereby acknowledge that they have read, understood and agree with the terms and conditions of this Agreement.

 

IN WITNESS WHEREOF the parties have executed this Agreement as of the 20th day of July 2015.

 

Reve Technologies, Inc.                                                                                              Mr. David Forster

___________________________                                                                           ______________________________

By: David Forster, President                                                                                     By: David Forster

  

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