Document:

deac_ex101.htm

EXHIBIT 10.1

 

REPURCHASE AGREEMENT

 

This Repurchase Agreement (this “Agreement”) is made as of the 29th day of September, 2013 by and among DYNAMIC ENERGY ALLIANCE CORPORATION, a Florida corporation (collectively with its predecessors, the “Company”) and Dr. Earl Beaver, an individual (the “Seller”). Each of the Company and the Seller is referred to herein as a “Party” and collectively, as the “Parties.”

W I T N E S S E T H:

 

WHEREAS, the directors of Company desire to make the capital structure of the Company more attractive to potential investor, by reducing the risk of future dilutive issuances as a result of the make good provisions in the Company’s Preferred Stock, and through a 33% reduction in the convertible share obligation and the elimination of the 75% override control held in the Preferred Stock; and

 

 WHEREAS, the Seller owns and desires to sell to the Company, an aggregate of 530,363shares of the Preferred Stock (the “Shares”); and the Company desires to re-purchase the Shares from the Seller, on and subject to the terms of this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants herein contained, the Parties hereby agree as follows:

 

	
ARTICLE I

SALE AND PURCHASE OF THE SHARES

1.1.   Sale of the Shares.  Subject to the terms and conditions of this Agreement, and in reliance upon the representations, warranties, covenants and agreements contained in this Agreement, the Seller shall sell the Shares to the Company, and the Company shall re-purchase the Shares from the Seller, for a purchase price equal to one dollar ($1) and a new issuance of 3,267,876 shares of restricted common stock of the Corporation (the “Purchase Price”).  The new issuance is based on a weighted average conversion rate of 67% of the conversion rate owed to the Seller pursuant to the current terms of the Preferred Stock.

 

1.2.   Closing.  The purchase and sale of the Shares shall take place at a closing (the “Closing”) to occur immediately following the execution and delivery hereof. At the Closing:

 

	
(a)  

	
The Seller shall deliver to the Company signed stock power representing the Shares, duly endorsed in form for transfer to the Company.

	
(b)  

	
 The Company shall deliver the Purchase Price to the Seller.

 

At and at any time after the Closing, the Parties shall duly execute, acknowledge and deliver all such further assignments, conveyances, instruments and documents, and shall take such other action consistent with the terms of this Agreement to carry out the transactions contemplated by this Agreement.

 

  

1

  

	
ARTICLE II

REPRESENTATIONS, WARRANTIES AND COVENANTS

The Seller hereby makes the following representations and warranties to and covenants with the Company, which shall be true and correct as of the date:

2.1.   No Conflicts or Consents.  Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby or compliance with the terms and conditions hereof by the Seller will violate or result in a breach of any term or provision of any agreement to which any Seller is bound or is a party, or be in conflict with or constitute a default under, or cause the acceleration of the maturity of any obligation of the Seller under any existing agreement or violate any order, writ, injunction, decree, statute, rule or regulation applicable to the Seller or any  properties or assets of the Seller.  The Seller is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority or other person or entity in connection with the execution, delivery and performance by the Seller of this Agreement, other than the disclosure filings required by the Commission.

2.2    Enforceability.  This Agreement has been duly and validly executed by the Seller, and constitutes the valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other laws affecting creditors' rights generally or by limitations, on the availability of equitable remedies.

2.3    No Encumbrances.  The Seller acquired the Shares in accordance with applicable state and federal securities laws and owns the Shares free and clear of all liens, charges, security interests, encumbrances, claims of others, options, warrants, purchase rights, contracts, commitments, equities or other claims or demands of any kind (collectively, “Liens”).  The Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require the Seller to sell, transfer, or otherwise dispose of any capital stock of the Company (other than pursuant to this Agreement).  The Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Company.

 

	
ARTICLE III

TERMINATION

3.1    Termination.  This Agreement may be terminated prior to Closing by written agreement of the Seller and the Company.  

 

	
ARTICLE IV

RELEASE

 

4.1   Release. Nothing is this Agreement shall nullify the protection afforded the Directors and Officers per the Company bylaws specifically Article IX Indemnification or similar provision. The Seller and its respective affiliates and/or heirs, hereby releases and forever discharges the Company and its officers, directors, employees, agents, counsels, accountants, affiliates and heirs (collectively, the “Releasees”) from any and all claims, demands, judgments, proceedings, causes of action, orders, obligations, contracts, agreements, liens, accounts, costs and expenses (including attorney’s fees and court costs), debts and liabilities whatsoever, whether known or unknown, suspected or unsuspected, matured or unmatured, both at law (including federal and state securities laws) and in equity, which the undersigned or any of the undersigned’s respective affiliates and/or heirs now have, have ever had against the Releasees arising contemporaneously with or prior to the date hereof or on account of or arising out of any matter, cause, event or omission of any kind or nature occurring contemporaneously with or prior to the date hereof that pertain to the issuance of Preferred Shares or this Repurchase transaction. The Seller hereby irrevocably covenants to refrain from, directly or indirectly, asserting any claim or demand, or commencing, instituting or causing to be commenced, any proceeding of any kind against any Releasee, based upon the matter purported to be released hereby. Without in any way limiting any of the rights and remedies otherwise available to any Releasee, the Seller shall indemnify and hold harmless each Releasee from and against all actions, suits, proceedings, hearings, investigations, charges, complaints, claims, demands, injunctions, judgments, orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid in settlement, liabilities, obligations, security interests, taxes, liens, losses, lost value, expenses and fees (including attorneys’ fees and court costs) arising directly or indirectly from or in connection with (i) the assertion by or on behalf of the Seller or any of its affiliates and/or heirs of any claim related to the matter purported to be released hereunder and (ii) the assertion by any third party of any claim or demand against any Releasee which claim or demand arises directly or indirectly from, or in connection with, any assertion by or on behalf of the Seller or any of its affiliates and/or heirs against any third party of any claims related to the matters purported to be released hereunder.

 

  

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ARTICLE V

MISCELLANEOUS

5.1.   Entire Agreement.  This Agreement and any other documents or agreements executed in connection with the transactions contemplated hereunder, constitutes the entire agreement of the parties, superseding and terminating any and all prior or contemporaneous oral and written agreements, understandings or letters of intent between or among the parties with respect to the subject matter of this Agreement.  No part of this Agreement may be modified or amended, nor may any right be waived, except by a written instrument which expressly refers to this Agreement, states that it is a modification or amendment of this Agreement and is signed by the parties to this Agreement, or, in the case of waiver, by the party granting the waiver.  No course of conduct or dealing or trade usage or custom and no course of performance shall be relied on or referred to by any party to contradict, explain or supplement any provision of this Agreement, it being acknowledged by the parties to this Agreement that this Agreement is intended to be, and is, the complete and exclusive statement of the agreement with respect to its subject matter.  Any waiver shall be limited to the express terms thereof and shall not be construed as a waiver of any other provisions or the same provisions at any other time or under any other circumstances.

 

5.2.   Severability.  If any section, term or provision of this Agreement shall to any extent be held or determined to be invalid or unenforceable, the remaining sections, terms and provisions shall nevertheless continue in full force and effect.

5.4.   Governing Law.  All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, without regard to the principles of conflicts of law thereof.  Each party agrees that all proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective Affiliates, employees or agents) shall be commenced exclusively in the Delaware Courts.  Each of the Parties submits to the jurisdiction of any state or federal court sitting in Kent County, Delaware, in any proceeding arising out of or relating to this Agreement and agrees that all claims in respect of the action or proceeding may be heard and determined in any such court. Each of the Parties waives any defense of inconvenient forum to the maintenance of any proceeding so brought and waives any bond, surety, or other security that might be required of any other Party with respect thereto. Nothing in this Section however, shall affect the right of any Party to bring any proceeding arising out of or relating to this Agreement in any other court or to serve legal process in any other manner permitted by law or at equity. Each Party agrees that a final judgment in any proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by law or at equity.  If either party shall commence a proceeding to enforce any provisions of this Agreement, then the prevailing party in such proceeding shall be reimbursed by the other party for its reasonable attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such proceeding.

 

5.6.   Successors.  This Agreement shall be binding upon the parties and their respective heirs, successors and permitted assigns; provided, however, that no Party may assign this Agreement or any of its rights under this Agreement without the prior written consent of the other Party.

 

5.7.   Further Assurances.  Each Party to this Agreement agrees, without cost or expense to any other Party, to deliver or cause to be delivered such other documents and instruments as may be reasonably requested by the other Party to this Agreement in order to carry out more fully the provisions of, and to consummate the transaction contemplated by, this Agreement.

 

5.8.   Counterparts.  This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

 

  

3

  

 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed as of the date first above written.

 

	 	DYNAMIC ENERGY ALLIANCE CORPORATION	 
	 	 	 	 
	 	By:	/s/ James Michael Whitfield	 
	 	Name:	James Michael Whitfield	 
	 	Title:	President/CEO	 

 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed as of the date first above written.

 

 

 

	 	
XXXXXXXXXXXXXXXXXXXXXX

	 
	 	 	 	 
	 	By:	/s/ Dr. Earl Beaver	 
	 	Name:	Dr. Earl Beaver	 
	 	Title:	Self	 

 

 

4deac_ex102.htm

EXHIBIT 10.2

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (the “Assignment”) is entered into September 30, 2013, by and among Harvey Dale Cheek and Charles R. Cronin, Jr. (collectively the “Assignor”) and Habanero Properties LTD, a Belize corporation (the “Assignee”).

 

BACKGROUND

 

Assignor is the holder of 52.38% (102,693,795 shares) of the issued and outstanding common stock of Dynamic Energy Alliance Corporation, a Florida corporation (“DEAC”) , the (“Stock”);

 

Assignor is the holder of debts owed by DEAC in the amount of $1,015,362 used exclusively, to pay DEAC’s operational and corporate expenses.  This debt in the amount of $1,015,362 shall hereinafter be referred to as the “Note”. Assignor is the holder of debts owed by DEAC in the amount of $183,045, used exclusively, to pay DEAC’s operational and corporate expenses which shall herein be referred to as the “LOC”.  Assignor also has a Project Location and Consulting Agreement that grants the Assignor one million warrants for shares of DEAC’s Common Stock, per quarter, which shall be referred to as the “Future Warrants”.

 

The Assignor wishes to assign all of his right, title and interest in the Stock, the Note and the LOC to Assignee, as set forth herein and based on the completion of agreements described in Exhibits A, B, C and F respectively; and

 

The Assignee wish to accept the assignment from Assignor of all of Assignor’s right, title and interest in the Stock, the Note and the LOC;

 

NOW, THEREFORE, in consideration of the foregoing background, the mutual promises of the parties, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor and the Assignee, intending to be legally bound, hereby agree as follows:

 

	
1.  

	
Assignment and Assumption of the Stock. Assignor hereby assigns, transfers, sells and conveys all of its rights, title and interest in the Stock based on the condition that the Exclusive Option Agreement dated August 7, 2013, the “Option” has been terminated and the Assignee has provided a written commitment to the Assignor that the Assignor will receive an allocation of four percent (4%), of any post reverse, common stock of the newly capitalized entity, which shall herein be referred to as the “Ownership Commitment”.  From and after the date of the receipt by the Assignor of the executed Termination of the Option, Exhibit A, and the executed Ownership Commitment, Exhibit B, the Assignor hereby assigns, transfers and conveys to the Assignee the Stock.

 

	
2.  

	
Assignment and Assumption of the Note. Assignor hereby assigns, transfers, sells and conveys all of its rights, title and interest in the Note based on the receipt of the executed copy of the  Note Assignment, Exhibit F, and One US Dollar, ($1). From and after the date of the receipt of the executed   Note Assignment, Exhibit F, and payment of $1, whichever date is earlier, the Assignor hereby assigns, transfers and conveys to the Assignee the Note.

 

	
3.  

	
Assignment and Assumption of the LOC. Assignor hereby assigns, transfers, sells and conveys all of its rights, title and interest in the LOC based on the receipt of  the LOC Assignment, Exhibit C, and One US Dollar, ($1). From and after the date of the executed sale of the LOC through the LOC Assignment, Exhibit C, and payment of $1, whichever date is earlier, the Assignor hereby assigns, transfers and conveys to the Assignee the LOC.

 

	
4.  

	
Termination of Future Warrants. The Assignor hereby terminates the Project Location and Consulting Agreement dated June 30, 2011, effective the date of this Agreement, and cancels any and all rights for future issuance of warrants under this agreement subject to the written acceptance by DEAC of the following: 1. the termination effective date and the surviving provisions, as shown in Exhibit D and a letter explaining that Cronin has all rights to the waste tire business, as shown in Exhibit E. From and after the date of the executed Exhibits D and E, whichever date is later, the Assignor terminates the Project Location and Consulting Agreement.

 

	
5.  

	
Notice to DEAC.  The Assignor hereby undertakes to give DEAC notice of this Assignment of the  Note and LOC. Any notice shall be delivered in accordance with the notice provisions in the Note or LOC. Assignor shall also give notice to DEAC’s transfer agents as necessary to effect the transfer of the Stock.

 

	
6.  

	
Governing Law and Venue. This Assignment shall be governed and construed as to its validity, interpretation and effect by the laws of the State of Florida without giving effect to the principals thereof regarding the conflicts of law. Venue shall be the Orange County in the State of Florida.

 

	
7.  

	
No Waiver. Any party’s failure to enforce strictly any provision of this Assignment shall not be construed as a waiver thereof or as excusing either party from future performance. Any waiver, to be effective, must be in writing and signed by the party against whom it is sought to be enforced.

 

	
8.  

	
Successor and Assigns. This Assignment shall inure to the benefit of, and be binding upon, the successors and permitted assigns of the respective parties hereto.

 

	
9.  

	
Headings. Paragraph and Section headings herein shall have no legal significance and are used solely for convenience of reference.

 

	
10.  

	
Counterparts. This Assignment may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

 

	
11.  

	
Further Assurances. This Assignment shall not be changed, modified or terminated orally or in any manner other than by an agreement in writing signed by each of the Assignee parties. At the request of the Assignee, the Assignor and DEAC shall execute and deliver all such further instruments of transfer and assignment and take all such other action as the Parties may reasonably request to effectively transfer and assign to and vest in Assignee all of its rights under the Warrant and Stock.

 

 

  

1

  

 

[Signature page follows.]

 

IN WITNESS WHEREOF, the Assignor, the Assignee have executed this Assignment and Assumption Agreement as of the date and year first above written.

 

	 	ASSIGNOR:	 
	 	 	 
	 	Harvey Dale Cheek	 
	 	 	 	 
	 	By:    	/s/ Harvey Dale Cheek	 
	
 

	   	 
	 	Charles R. Cronin, Jr.	 
	 	 	 	 
	 	By: 	 /s/ Charles R. Cronin, Jr	 
	 	         	 

 

	 	ASSIGNEE:	 
	 	 	 
	 	Habanero Properties LTD	 
	 	 	 	 
	
 

	
By: 

	/s/ Michelle Cheng	 
	 	Name:	Michelle Cheng	 
	 	Title:	Authorized Representative	 

 

  

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Exhibit A

Termination of the Exclusive Option dated August 7, 2013

 

TERMINATION OF THE

EXCLUSIVE OPTION AGREEMENT

AMONG

STEVEN FRYE

AND

CHARLES R. CRONIN, JR.

HARVEY DALE CHEEK

On August 7, 2013 an Exclusive Option Agreement (the "Agreement") was entered into between Mr. Steven Frye (“Buyer”), an individual residing in the United States and Mr. Charles R. Cronin, Jr. and Harvey Dale Cheek (Mr. Cronin and Mr. Cheek shall hereinafter be referred to collectively as the “Sellers”), also individuals residing in the United States.

Pursuant to Section 9.2 of the Agreement, the Buyer and Sellers may terminate the option at any time with the unanimous consent of all of the parties.

This Termination of the Exclusive Option Agreement shall constitute unanimous consent of all of the parties to the Agreement to terminate the exclusive option.

IN WITNESS THEREFORE, the parties hereof have caused this Termination of the Exclusive Option Agreement to be executed by their duly authorized representatives as of the date first written above.

 

 

	 	BUYER: Steven Frye	 
	 	 	 	 
	
 

	
By: 

	/s/ Steven Frye	 
	 	 	 
	 	SELLER:  Charles R. Cronin, Jr.	 
	 	 	 	 
	 	By: 	/s/ Charles R. Cronin, Jr.	 

 

	 	SELLER:  Harvey Dale Cheek	 
	 	 	 	 
	
 

	
By: 

	/s/ Harvey Dale Cheek	 

 

  

3

  

Exhibit B

Ownership Commitment and Note Purchase

Exhibit B

Non-Dilutive Ownership Commitment 

This Ownership Commitment, dated, Monday, September 30, 2013, summarizes the basic terms and conditions subsequent by which certain shareholders of Dynamic Energy Alliance Corporation. (DEAC), Dale Harvey Cheek and Charles R. Cronin, Jr., (hereinafter collectively the “SELLERS”) and Habanero Properties LTD, a Belize corporation or Assigns (hereinafter the “BUYER”) have entered into an Assignment and Assumption Agreement dated the 30th day of September, 2013.

1).  Within 120 days after the closing of the Assignment and Assumption Agreement, the Buyer shall transfer 4% of the post restructuring total issued common stock of the Company to the Sellers’ based on their pro rata portion (75% Cronin and 25% Cheek) or their nominee, herein referred to as the “Position”.  This Position in common shares will be calculated on a fully diluted basis (which means calculated assuming exercise of all options, warrants, convertible securities, and other stock rights, and after issuance of the shares to Seller).

 

Acknowleged

 

	 	BUYER	 
	 	 	 
	
 

	
By: 

	/s/ Michelle Cheng 	 
	 	Its:   	Authorized Representative	 
	 	 	 	 

 

	 	SELLERS 	 
	 	 	 
	 	SELLER:  Charles R. Cronin, Jr.	 
	 	 	 	 
	
 

	
By: 

	/s/ Charles R. Cronin, Jr.	 
	 	 	 	 
	 	 	 	 
	 	SELLER:  Harvey Dale Cheek	 
	 	 	 	 
	 	By:	/s/ Harvey Dale Cheek	 

 

  

4

  

 

Exhibit C

LOC Assignment

ASSIGNMENT OF LOC

Charles Cronin  (“Assignor”), hereby grants, assigns, conveys and transfers to Habanero Properties Ltd., a Belize company (“Assignee”), all of its right, privilege, benefit and remedies in, to and under that certain Letter of Credit in the amount of $183,045, issued by Dynamic Energy Alliance Corporation, a Florida company (the “Company”), in favor of Assignor (the “Debt”), in consideration of 1$.  

Assignor hereby represents and warrants to Assignee that other than disclosed no previous assignment or security interest in the Debt has been made or given by Assignor.  Assignor hereby irrevocably constitutes and appoints Assignee as its attorney-in-fact, which power is coupled with an interest, so Assignee shall have the right to demand, receive and enforce Assignor’s rights with respect to the Debt, to give appropriate receipts, releases and satisfactions, and to do any and all acts with the same force and effect as Assignor.

Assignee shall, from and after the date hereof, have all rights, and shall be bound by and observe all the obligations, applicable to the “Holder” as set forth in the Debt as if the undersigned had originally been the debt holder.

Each party hereto represents and warrants that it is authorized to take the actions contemplated hereunder and shall take such further actions and do such further things necessary to fulfill the purposes of this Assignment.

If any provision of this Assignment shall be invalid, illegal or unenforceable, it shall not affect or impair the validity, legality or enforceability of the other provisions of this Assignment.  This Assignment may not be amended, modified or changed, nor shall any waiver of any provision hereof be effective, except by a written instrument signed by the party against whom enforcement of the waiver, amendment, change, or modification is sought.

This Assignment shall be binding upon Assignor and it successors and assigns, and shall inure to the benefit of Assignee and its successors and assigns.  This Assignment shall be governed in all respects by the laws of the State of Florida, without regard to the conflict of law provisions thereof.

IN WITNESS WHEREOF, the undersigned have caused this Assignment to be executed as of September 30, 2013.

 

 

	 “Assignor” Charles Cronin	 	 	 
	 	 	 	 	 
	S:               	/s/ Charles Cronin	 	 	 

 

	 “Assignee”  Habanero Properties, Ltd.	 	 	 
	 	 	 	 	 
	 By:  	/s/ Michelle Cheng	 	Its:  Authorized Representative       	 

 

  

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Exhibit D

Termination of Future Warrants and

Project Location and Consulting Agreement

AMENDMENT NO. 2 TO

TERMINATE THE PROJECT LOCATION AND CONSULTING AGREEMENT

THIS AMENDMENT NO. 2 TO PROJECT LOCATION AND CONSULTING AGREEMENT (“Amendment”) is made as of this 267h day of September, 2013 (the “Effective Date”) by and among TMDS, LLC, a California limited liability company, a subsidiary of TDMS, LLC a California company, (the “Consultant”), and DYNAMIC ENERGY ALLIANCE CORPORATION, formerly Mammatech Corporation, a Florida corporation (the “Company”).

Recitals

 

WHEREAS, the Consultant and the Company are parties to that certain Project Location and Consulting Agreement dated as of July 9, 2011 (the “Original Agreement”) pursuant to which Company engaged the services of Consultant as set forth in Article 1 of the Original Agreement;

 

WHEREAS, Consultant and Company has agreed in Amendment No. 1 to modify the form of compensation to Consultant (the “Consultant’s Compensation”) as set forth in Section 6.1 of the Original Agreement from the issuance of shares of restricted common stock of the Company (the “Original Compensation”), to the issuance of a series of one or more warrants (the “New Compensation”); and

 

WHEREAS, Consultant is entitled to receive another twelve million,(12,000,000), warrants under the term of the Agreement.

 

WHEREAS, the Consultant offered a Lock Up agreement on common stock and warrants under this agreement and the Letter of Credit Agreement as a condition of third party investments that never materialized.

 

WHEREAS, the Consultant and the Company desire to terminate the Original Agreement and all of its Amendments as well as all Cronin and affiliate lock up agreements.

 

NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, receipt of which is hereby acknowledged, the parties to this Amendment agree as follows:

 

The Agreement will all of its amendments are hereby terminated effective September 23, 2013 and the Term as defined in Section 3.1 is September 23, 2013.

 

The Parties agree to waive the one hundred twenty (120) day notice requirement set for in Section 4.2

 

The Parties agree that neither Party has any future obligations under Articles 1, 2, 5, and 6.  The Consultant is not entitled to any further recovery of any funds or any additional issuances of warrants beyond the 13,000,000 already received. All other Articles and Sections of the Agreement and Amendments survive termination.

 

The Parties agree that in consideration for the early termination of the agreement by the Consultant, all the rights and obligations in Company non-disclosure agreements signed with third parties are hereby assigned to TDMS, LLC as well as the agreements with third parties, involved with the waste tire industry, on Exhibit A, including third party affiliates. The Parties agree that the letter contained in Exhibit B can be shown to third parties in lieu of individual NDA and Agreement assignments. If the third party requires an executed assignment the Company will provide it.

 

The Parties agree that any and all Lock Up agreements that were offered for the Cronin six million shares, (6,000,000), the warrant for twenty two million, (22,000,000) common shares, and any other common or preferred shares that Cronin, TMDS or their affiliates owns or has rights to  are voided and no longer enforce as of the date of this amendment.

 

  

6

  

 

[Signatures follow on next page]

 

IN WITNESS WHEREOF, the Company and the Consultant have caused their respective signature page to this Amendment to be duly executed as of the date first written above.

 

	 	CONSULTANT	 
	 	 	 
	 	TMDS, LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ Charles R. Cronin Jr.	 
	 	 	Charles R. Cronin Jr.,	 
	 	 	Managing Member	 
	 	 	 	 

 

	 	COMPANY	 
	 	 	 
	 	
DYNAMIC ENERGY

ALLIANCE CORPORATION

	 
	 	 	 	 
	
  

	
By: 

	/s/ Tracy Williams 	 
	 	 	
Tracy Williams

Secretary

	 
	 	 	 	 
	 	By:	/s/ James Michael Whitfield 	 
	 	 	
James Michael Whitfield

President/CEO

	 

 

  

7

  

 

 (Sub Exhibit)

Exhibit A

Agreements Assigned to TDMS, LLC by the Company

Rollins Resources, LLC

Ventech International Engineering

Technip

Terpen Kraftig, LLC

C. C. Crawford Tire Retreading Co. Inc./IWSI Plan

Jacobs Engineering

Delta-Energy Holdings, LLC

Practical Sustainability, LLC

CBIZ

  

8

  

(Sub Exhibit)

Exhibit B

Text of Company Letter to Waste Tire Third Parties

 

 

		
10000 N. Central Expressway, Suite 400

Dallas, TX 75231

Phone: 214-838-2687

Fax 901-328-2761

www.dynamicenergyalliance.com

 

 

October 2, 2013

 

To Whom It May Concern:

 

Dynamic Energy Alliance Corporation, “Company”, is no longer in the waste and recovered products related industries and has changed its business focus and name to ClassifiedRide.com. As part of the restructure of the Company, the Company transferred its rights under any non-disclosure agreements, “NDA”, to TDMS, LLC and its Principal, Charles R. Cronin, Jr. In addition, the rights and obligations on specific agreements that pertain to the waste and recovered products related industries were assigned to TDMS, LLC.

 

The various agreements regarding the restructuring are rather complex so the Company is providing you with this notice that your NDA or your agreement with the company has been assigned. This letter is formal notice from the company of the assignment to TDMS, LLC.

 

 

Sincerely,

 

 

	
 

	
By: 

	/s/ Tracy Williams	 
	 	 	Tracy Williams 

Secretary

	 

	
 

	
By: 

	/s/ James Michael Whitfield	 
	 	 	James Michael Whitfield 

President/CEO

	 

 

  

9

  

 

Exhibit E

Letter to Third Parties on Cronin ownership of Waste Tire Agreements

 

		
10000 N. Central Expressway, Suite 400

Dallas, TX 75231

Phone: 214-838-2687

Fax 901-328-2761

www.dynamicenergyalliance.com

 

 

October 2, 2013

 

To Whom It May Concern:

 

Dynamic Energy Alliance Corporation, “Company”, is no longer in the waste and recovered products related industries and has changed its business focus and name to ClassifiedRide.com. As part of the restructure of the Company, the Company transferred its rights under any non-disclosure agreements, “NDA”, to TDMS, LLC and its Principal, Charles R. Cronin, Jr. In addition, the rights and obligations on specific agreements that pertain to the waste and recovered products related industries were assigned to TDMS, LLC.

 

The various agreements regarding the restructuring are rather complex so the Company is providing you with this notice that your NDA or your agreement with the company has been assigned. This letter is formal notice from the company of the assignment to TDMS, LLC.

 

 

Sincerely,

	
 

	
By: 

	/s/ Tracy Williams	 
	 	 	Tracy Williams 

Secretary

	 

 

	
 

	
By: 

	/s/ James Michael Whitfield	 
	 	 	James Michael Whitfield 

President/CEO

	 

 

  

10

  

Exhibit F

Note Assignment

Assignment of Debt in the Amount of $1,015,362 referred to as the “Note”

ASSIGNMENT OF THE NOTE

Charles Cronin  (“Assignor”), hereby grants, assigns, conveys and transfers to Habanero Properties Ltd., a Belize company (“Assignee”), all of its right, privilege, benefit and remedies in, to and under that certain debt in the amount of $1,015,362, issued by Dynamic Energy Alliance Corporation, a Florida company (the “Company”), in favor of Assignor (the “Debt”), in consideration of 1$.  

Assignor hereby represents and warrants to Assignee that other than disclosed no previous assignment or security interest in the Debt has been made or given by Assignor.  Assignor hereby irrevocably constitutes and appoints Assignee as its attorney-in-fact, which power is coupled with an interest, so Assignee shall have the right to demand, receive and enforce Assignor’s rights with respect to the Debt, to give appropriate receipts, releases and satisfactions, and to do any and all acts with the same force and effect as Assignor.

Assignee shall, from and after the date hereof, have all rights, and shall be bound by and observe all the obligations, applicable to the “Holder” as set forth in the Debt as if the undersigned had originally been the debt holder.

Each party hereto represents and warrants that it is authorized to take the actions contemplated hereunder and shall take such further actions and do such further things necessary to fulfill the purposes of this Assignment.

If any provision of this Assignment shall be invalid, illegal or unenforceable, it shall not affect or impair the validity, legality or enforceability of the other provisions of this Assignment.  This Assignment may not be amended, modified or changed, nor shall any waiver of any provision hereof be effective, except by a written instrument signed by the party against whom enforcement of the waiver, amendment, change, or modification is sought.

This Assignment shall be binding upon Assignor and it successors and assigns, and shall inure to the benefit of Assignee and its successors and assigns.  This Assignment shall be governed in all respects by the laws of the State of Florida, without regard to the conflict of law provisions thereof.

IN WITNESS WHEREOF, the undersigned have caused this Assignment to be executed as of September 30, 2013.

 

	“Assignor” Charles Cronin	 	 	 	 
	 	 	 	 	 
	S:	/s/ Charles Cronin                                                       	 	 	 	 
	 	 	 	 	 	 
	  

“Assignee”  Habanero Properties, Ltd.

	 	 	 	 
	 	 	 	 	 	 
	By:	/s/ Michelle Cheng                                  	 	Its: 	Authorized Representative         	 

 

 

11

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