Document:

ex10-1.htm

Exhibit 10.1

SECOND AMENDMENT TO SHARE SUBSCRIPTION AGREEMENT

 

This SECOND AMENDMENT TO SHARE SUBSCRIPTION AGREEMENT (this “Second Amendment”) is made as of May 17, 2011, by and between Canon Investment Holdings Limited, a company organized under the laws of Hong Kong (“Canon” or the “Buyer”), and Altair Nanotechnologies Inc., a company organized under the laws of Canada (the “Altair” or “Company”).

 

W I T N E S S E T H:

 

WHEREAS, on September 20, 2010, Canon and Altair entered into a Share Subscription Agreement, as amended by First Amendment to Share Subscription Agreement dated February 16, 2011 (as amended, the “SSA”);

 

WHEREAS, Canon and Altair wish to enter into this Second Amendment to set forth their mutual agreement to further amend the SSA, on the terms and conditions set forth below;

 

NOW, THEREFORE, in consideration of the foregoing premises and the representations, warranties, covenants and agreements set forth herein, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, and intending to be legally bound hereby, Buyer and the Company hereby agree as follows:

	
1.

	
Capitalized terms used but not defined herein shall have the meanings ascribed to them under the SSA.

 

	
2.

	
Canon hereby waives Section 5.03 of the SSA (No solicitation; Other Offers) and any other provision of the SSA, in each case solely to the extent that such provision could reasonably be construed to prohibit Altair from actively soliciting or entering into agreements related to investments in, or purchases of, Altair, its securities or its assets, and Canon hereby authorizes Altair to engage in such solicitation and enter into such agreements.

 

	
3.

	
The “End Date” as defined in the SSA is hereby amended to be June 3, 2011 and the parties agree that, if the SSA is not terminated prior to June 3, 2011, the “Closing Date” under the SSA shall be June 3, 2011.

 

	
4.

	
Notwithstanding anything in the SSA to the contrary, either Altair or Canon shall have the right to terminate the SSA at any time on or after the date hereof, with or without reason, and that (i) the remainder of the first sentence of Section 7.02 of the SSA (Effect of Termination) beginning from and including the word "provided" is hereby deleted from the SSA and (ii) Section 8.04(b) of the SSA (Termination Fee and Reimbursement) is hereby deleted from the SSA.

 

  

  

  

	
5.

	
Each party hereby confirms that the execution, delivery and performance of this Second Amendment by such party has been duly authorized by all necessary corporate actions on the part of such party.

 

	
6.

	
This Second Amendment shall be governed by and construed in accordance with the law of the State of New York, without regard to the conflicts of law rules of such state.

 

	
7.

	
This Second Amendment shall constitute an amendment to the SSA in accordance with the terms thereof.  The SSA, as amended by this Second Amendment, shall continue in full force and effect.  From and after the date hereof, references to the SSA shall be deemed to be references to the SSA, as amended by this Amendment.

 

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IN WITNESS WHEREOF, the parties hereto have caused this SECOND AMENDMENT TO SHARE SUBSCRIPTION AGREEMENT to be duly executed by their respective authorized officers as of the day and year first above written.

 

	 	CANON INVESTMENT HOLDINGS LIMITED	 
	 	 	 	 
	 	 	 	 
	
 

	
By: 

	/s/ Yingcang Wei	 
	 	 	Name:  Yingcang Wei	 
	 	 	Title:  Chairman	 
	 	 	 	 

	 	ALTAIR NANOTECHNOLOGIES, INC.	 
	 	 	 	 
	 	 	 	 
	
 

	
By: 

	/s/ Terry M. Copeland	 
	 	 	Name:  Terry M. Copeland	 
	 	 	Title:  President and CEO	 
	 	 	 	 

 

 

[Signature Page to Second Amendment to Share Subscription Agreement]izeaex101.htm

Exhibit 10.1

 

AGREEMENT OF CONVEYANCE, TRANSFER AND ASSIGNMENT OF ASSETS AND ASSUMPTION OF OBLIGATIONS

 

This Agreement of Conveyance, Transfer and Assignment of Assets and Assumption of Obligations (“Transfer and Assumption Agreement”) is made as of May 12, 2011, by IZEA Holdings, Inc., a Nevada corporation (“Assignor”), and RTL Holdings, Inc., a Nevada corporation and a wholly-owned subsidiary of Assignor (“Assignee”).

WHEREAS, Assignor and its predecessor (Rapid Holdings Inc.) was engaged in the business of online consumer lending, as well as any and all other operations conducted by Assignor prior to the date hereof (the “Former Business”); and

WHEREAS, Assignor desires to convey, transfer and assign to Assignee, and Assignee desires to acquire from Assignor, all of the assets of Assignor relating to the operation of the Former Business, and in connection therewith, Assignee has agreed to assume all of the liabilities of Assignor relating to the Former Business, on the terms and conditions set forth herein.

NOW THEREFORE, in consideration of the mutual promises and agreements contained herein, the parties hereto, intending to be legally bound hereby, agree as follows:

Section 1. Assignment.

1.1.           Assignment of Assets.  For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by Assignor, Assignor does hereby assign, grant, bargain, sell, convey, transfer and deliver to Assignee, and its successors and assigns, all of Assignor’s right, title and interest in, to and under the assets, properties and business, of every kind and description, wherever located, real, personal or mixed, tangible or intangible, owned, held or used in the conduct of the Former Business (the “Assets”), including, but not limited to, the Assets listed on Exhibit A hereto, and identified in part by reference to Assignor’s predecessor’s balance sheet as of February 28, 2011, filed with the Securities and Exchange Commission as part of Assignor’s quarterly report on Form 10-Q on April 14, 2011 (the “Balance Sheet”). Notwithstanding anything to the contrary contained herein, the term Assets shall not include either the assets of or the business conducted by IZEA, Inc., a Delaware corporation.

1.2           Further Assurances.  Assignor shall from time to time after the date hereof at the request of Assignee and without further consideration execute and deliver to Assignee such additional instruments of transfer and assignment, including without limitation any bills of sale, assignments of leases, deeds, and other recordable instruments of assignment, transfer and conveyance, in addition to this Transfer and Assumption Agreement, as Assignee shall reasonably request to evidence more fully the assignment by Assignor to Assignee of the Assets.

 

  

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Section 2.  Assumption.

2.1           Assumed Liabilities.  As of the date hereof, Assignee hereby assumes and agrees to pay, perform and discharge, fully and completely, all liabilities, commitments, contracts, agreements, obligations or other claims against Assignor, whether known or unknown, asserted or unasserted, accrued or unaccrued, absolute or contingent, liquidated or unliquidated, due or to become due, and whether contractual, statutory, or otherwise associated with the Former Business whenever arising (the “Liabilities”), including, but not limited to, the Liabilities listed on Exhibit B, and identified in part by reference to the Balance Sheet.

2.2           Further Assurances.  Assignee shall from time to time after the date hereof at the request of Assignor and without further consideration execute and deliver to Assignor such additional instruments of assumption in addition to this Transfer and Assumption Agreement as Assignor shall reasonably request to evidence more fully the assumption by Assignee of the Liabilities.

Section 3.   Headings.  The descriptive headings contained in this Transfer and Assumption Agreement are for convenience of reference only and shall not affect in any way the meaning or interpretation of this Transfer and Assumption Agreement.

Section 4. Governing Law.  This Transfer and Assumption Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed entirely within that state, except that any conveyances of leaseholds and real property made herein shall be governed by the laws of the respective jurisdictions in which such property is located.

 

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[SIGNATURE PAGE TO TRANSFER AND ASSUMPTION AGREEMENT]

IN WITNESS WHEREOF, this Transfer and Assumption Agreement has been duly executed and delivered by the parties hereto as of the date first above written.

 

 

	 	

IZEA HOLDINGS, INC.

	 
	 	 	 	 
	 	By:	/s/ Edward Hans Murphy	 
	 	 	Name: Edward Hans Murphy	 
	 	 	Title: Chief Executive Officer	 
	 	 	 	 
	 	RTL HOLDINGS, INC.	 
	 	 	 	 
	 	By:	/s/ Anthony Barron 	 
	 	 	Name: Anthony Barron	 
	 	 	Title: Chief Executive Officer	 

 

 

  

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Exhibit A

(a) All of the equipment, computers, servers, hardware, appliances, implements, and all other tangible personal property that are owned by Assignor and have been used in the conduct of the Former Business;

 

(b) all inventory associated with the Former Business;

 

(c) all real property and real property leases to which Assignor is a party, and which affect the Former Business or the Assets;

 

(d) all contracts to which Assignor is a party, or which affect the Former Business or the Assets, including leases of personal property;

 

(e) all rights, claims and causes of action against third parties resulting from or relating to the operation of the Former Business or the Assets, including without limitation, any rights, claims and causes of action arising under warranties from vendors and other third parties;

 

(f) all governmental licenses, permits, authorizations, consents or approvals affecting or relating to the Former Business or the Assets;

 

(g) all accounts receivable, notes receivable, prepaid expenses and insurance and indemnity claims to the extent related to any of the Assets or the Former Business;

 

(h) all goodwill associated with the Assets and the Former Business;

 

(i) all business records, regardless of the medium of storage, relating to the Assets and/or the Former Business, including without limitation, all schematics, drawings, customer data, subscriber lists, statistics, promotional graphics, original art work, mats, plates, negatives, accounting and financial information concerning the Assets or Former Business;

 

(j) all internet domain names and URLs of the Former Business, software, inventions, art works, patents, patent applications, processes, shop rights, formulas, brand names, trade secrets, know-how, service marks, trade names, trademarks, trademark applications, copyrights, source and object codes, customer lists, drawings, ideas, algorithms, processes, computer software programs or applications (in code and object code form), tangible or intangible proprietary information and any other intellectual property and similar items and related rights owned by or licensed to Assignor used in the Former Business, together with any goodwill associated therewith and all rights of action on account of past, present and future unauthorized use or infringement thereof; and

 

(k) all other privileges, rights, interests, properties and assets of whatever nature and wherever located that are owned, used or intended for use in connection with, or that are necessary to the continued conduct of, the Former Business as presently conducted or planned to be conducted.

 

  

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Exhibit B

 

(a) All liabilities in respect of indebtedness of Assignor related to the Former Business;

 

(b) product liability and warranty claims relating to any product or service of Assignor associated with the Former Business;

 

(c) taxes, duties, levies, assessments and other such charges, including any penalties, interests and fines with respect thereto, payable by Assignor to any federal, provincial, municipal or other government, domestic or foreign, incurred in the conduct of the Former Business;

 

(d) liabilities for salary, bonus, vacation pay, severance payments damages for wrongful dismissal, or other compensation or benefits relating to Assignor’s employees employed in the conduct of the Former Business; and

 

(e) any liability or claim for liability (whether in contract, in tort or otherwise, and whether or not successful) related to any lawsuit or threatened lawsuit or claim (including any claim for breach or non-performance of any contract) based upon actions, omissions or events relating to the Former Business.

 

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