Document:

nene_ex102.htm

EXHIBIT 10.2

 

LOCK-UP AGREEMENT

THIS LOCK-UP AGREEMENT (this “Agreement”) is made and entered into as of October 7, 2013 (the “Effective Date”) by and among New Energy Technologies, Inc. a corporation organized under the laws of the State of Nevada (the “Company”) and Kalen Capital Corporation, a corporation organized under the laws of the Province of Alberta, Canada (“Shareholder”). The Company and Shareholder may hereinafter be referred to as a “Party” and collectively as the “Parties.”

RECITALS

WHEREAS, Shareholder has entered into a Bridge Loan Agreement dated as of even date herewith (the “Loan Agreement”) with the Company pursuant to which the Shareholder has agreed to loan the Company THREE MILLION DOLLARS ($3,000,000) (the “Loan”);

WHEREAS, pursuant to Section 4.03 of the Loan Agreement Shareholder has agreed to enter into this Lock-Up Agreement pursuant to which Shareholder agrees not to sell its Shares of the Company as further set forth herein;

WHEREAS, as of the date of this Agreement, the Shareholder is the owner of 9,766,940 shares of the Company common stock, par value $0.001 (the “Current Shares”); and

WHEREAS, the Shareholder has the right to acquire additional shares of the Company’s common stock through conversion of the Loan and exercise of warrants issuable to the Shareholder pursuant to the Loan Agreement (along with any additional shares of the Company’s common stock acquired by the Shareholder, whether directly from the Company or otherwise, from the date of this Agreement and prior to the expiration of the Lock-Up Period, as defined below, the “Additional Shares;” the Current Shares and the Additional Shares are hereinafter referred to collectively as, the “Lock-Up Shares”);

NOW, THEREFORE, in reliance on the foregoing recitals and in consideration of and for the mutual covenants contained herein, the Parties hereto agree as follows:

1.           Lock-Up by the Shareholder. The Shareholder hereby agrees that, without prior written consent of the Company, from the Effective Date until the first anniversary of the Effective Date (the “Lock-Up Period”) will not make, offer to make, agree to make, or suffer any Disposition (as defined below) of any of the Lock-Up Shares or any interest therein. For the purposes of this Agreement, “Disposition” shall mean any sale, exchange, assignment, gift, pledge, mortgage, hypothecation, transfer or other disposition or encumbrance of all or any part of the rights and incidents of ownership of the Lock-Up Shares, including the right to vote, and the right to possession of the Lock-Up Shares as collateral for indebtedness, whether such transfer is outright or conditional, or for or without consideration.

2.           Restriction On Proxies and Non-Interference. The Shareholder hereby agrees that, during the Lock-Up Period, Shareholder will not (i) grant any proxies or powers of attorney that would permit any such proxy or attorney-in-fact to take any action inconsistent herewith, (ii) deposit the Lock-Up Shares into a voting trust or enter into a voting agreement with respect to the Lock-Up Shares; or (iii) take any action that would make any representation or warranty of such Shareholder untrue or incorrect or would result in a breach by that Shareholder of its obligations under this Agreement. Shareholder further agrees not to enter into any agreement or understanding with any other person or entity, the effect of which would be inconsistent with or violative of any provision contained in this Agreement.

 

  

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3.           Representations and Warranties of the Shareholder. Shareholder hereby represents and warrants to the Company the following:

a.           Ownership of Shares. Shareholder is the sole record and beneficial owner of the Current Shares. On the date hereof, the Current Shares constitute all the shares of Company common stock owned of record or beneficially owned by Shareholder. Shareholder has sole voting power and sole power to issue instructions with respect to the matter set forth in this Agreement, sole power of disposition, and sole power to agree to all of the matters set forth in this Agreement, in each case with respect to all of such Current Shares, with no limitations, qualifications or restrictions on such rights, subject to applicable securities laws and the terms of this Agreement.

b.           Authorization. Shareholder has the requisite legal capacity and competency, and the full legal right to execute and deliver this Agreement and perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by the Shareholder and constitutes a valid and binding agreement enforceable against the Shareholder in accordance with its terms except (i) as may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights, and (ii) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.

c.           No Conflicts. Except for filings, authorizations, consents and approvals as may be required under the Securities Act of 1933, as amended (the “Securities Act”) and the Exchange Act of 1934, as amended , (i) no filing with, and no permit, authorization, consent or approval of, any state or federal governmental authority, or any other person or entity, is necessary for the execution of this Agreement by Shareholder and the consummation by Shareholder of the transactions contemplated hereby, and (ii) neither the execution and delivery of this Agreement by Shareholder, the consummation by Shareholder of the transactions contemplated hereby, or compliance by Shareholder with any of the provisions hereof will (A) result in a violation or breach of, or constitute a default (or give rise to any third party right of termination, cancellation, material modification or acceleration) under any of the terms, conditions or provisions of any note, loan agreement, bond, mortgage, indenture, license, contract, commitment, arrangement, understanding, agreement or other instrument or obligation of any kind to which Shareholder is a party or by which Shareholder or any of its properties or assets may be bound, or (B) violate any order, writ, injunction, decree, judgment, statute, role or regulation applicable to such Shareholder or any of his or her properties or assets.

d.           No Encumbrances. Shareholder owns the Current Shares free and clear of all liens, claims, security interests, proxies, voting trusts or agreements, or any other encumbrances whatsoever, except for (i) any such matters arising hereunder and (ii) bona fide pledges of such shares as security for obligations owed to the Company.

4.           Representations and Warranties of the Company. The Company has full legal right, power and authority to enter into and perform all of its obligations under this Agreement. The execution and delivery of this Agreement by the Company has been authorized by all necessary corporate action on the part of the Company and will not violate any other agreement to which the Company is a party. This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding agreement of the Company, enforceable in accordance with its terms, except as the enforcement thereof may be limited in bankruptcy, insolvency, reorganization, moratorium or similar laws.

 

  

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5.           Entire Agreement. This Agreement constitutes the entire understanding and agreement of the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions, express or implied, written or oral, between the Parties.

 

6.           Certain Events. Shareholder agrees that this Agreement and the obligations hereunder shall attach to his or her Company stock and shall be binding upon any other person or entity to which legal or beneficial ownership of such Company stock shall pass, whether by operation of law or otherwise, including, without limitation, such Shareholder’s heirs, guardians, administrators or successors. Notwithstanding any such transfer of Company stock, the transferor shall remain liable for the performance of all obligations under this Agreement of the transferor.

7.           Rights of Assignees; Third Party Beneficiaries. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective heirs, executors, administrators, legal representatives, successors and permitted assigns. Nothing expressed in this Agreement is intended or shall be construed to give any person or entity other than the Parties or their respective heirs, executors, administrators, legal representatives, successors or permitted assigns, any legal or equitable right, remedy or claim under this Agreement or any provision contained herein.

8.           Specific Performance. The Parties acknowledge that money damages are an inadequate remedy for breach of this Agreement because of the difficulty of ascertaining the amount of damage that will be suffered by the non-breaching Party in the event this Agreement is breached. Therefore, each Party agrees that the non-breaching Party may obtain specific performance of this Agreement without the necessity of establishing irreparable harm or posting any bond, and will be in addition to any other remedy to which such Party may be entitled at law or in equity.

9.           Amendment and Waivers. Any term or provision of this Agreement may be amended, and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a writing signed by the Party to be bound thereby. The waiver by a Party of any breach hereof for default in the performance hereof shall not be deemed to constitute a waiver of any other default or any succeeding breach or default.

10.         Attorneys’ Fees. Should suit be brought to enforce or interpret any part of this Agreement, the prevailing party shall be entitled to recover, as an element of the costs of suit and not as damages, reasonable attorneys’ fees to be fixed by the court (including without limitation, costs, expenses and fees on any appeal). The prevailing party shall be the party entitled to recover its costs of suit, regardless of whether such suit proceeds to final judgment. A party not entitled to recover its costs shall not be entitled to recover attorneys’ fees. No sum for attorneys’ fees shall be counted in calculating the amount of a judgment for purposes of determining if a party is entitled to recover costs or attorneys’ fees.

11.         Section Headings. Headings contained in this Agreement are inserted only as a matter of convenience and in no way define, limit, or extend the scope or intent of this Agreement or any provisions hereof.

 

  

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12.         Governing Law and Venue. This Agreement will be governed by and construed and enforced in accordance with the laws of the State of New York, without regard to its choice of law principles, applicable to a contract executed and to be performed in the State of New York. Each Party hereto (i) agrees to submit to personal jurisdiction and to waive any objection as to venue in the state or federal courts located in New York county, New York, (ii) agrees that any action or proceeding shall be brought exclusively in such courts, unless subject matter jurisdiction or personal jurisdiction cannot be obtained, and (iii) agrees that service of process on any party in any such action shall be effective if made by registered or certified mail addressed to such Party at the address specified herein, or to any other addresses as he, she or it may from time to time specify to the other Parties in writing for such purpose. The exclusive choice of forum set forth in this paragraph shall not be deemed to preclude the enforcement of any judgment obtained in such forum or the taking of any action under this Agreement to enforce such judgment in any appropriate jurisdiction.

 

13.         Independent Counsel and Rules of Construction. The Parties acknowledge and agree that they have been advised to, and have had the opportunity to, seek independent counsel and advice with respect to the terms of this Agreement. As such, this Agreement has been negotiated at arm’s length between persons sophisticated and knowledgeable in these types of matters. Additionally, any normal rules of construction that would require a court to resolve matters of ambiguities against the drafting party are hereby waived and shall not apply in interpreting this Agreement.

14.         Notices. All notices, requests and other communications to any party hereunder shall be done in accordance with Section 7.04 of the Loan Agreement.

15.         Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original as against any party whose signature appears thereon and all of which together shall constitute one and the same instrument.

 

 

[SIGNATURE PAGE FOLLOWS]

 

  

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IN WITNESS WHEREOF, the parties have entered into this Lock-Up Agreement as of the date first written above.

 

	 
Company

	 	 	 	 
	 	 	 	 	 
	New Energy Technologies, Inc.	 	 	
 

	 
	 	 	 	 	 	 
	By:	
/s/ John Conklin

	 	 	
 

	 
	Name:	John Conklin	 	 	 	 
	Title:	President and Chief Executive Officer	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	Shareholder	 	 	 	 
	 	 	 	 	 
	Kalen Capital Corporation	 	 	 	 
	 	 	 	 	 	 
	By:	/s/ Harmel S. Rayat	 	 	 	 
	Name:	Harmel S. Rayat	 	 	 	 
	Title: 	President	 	 	 	 

 

 

5SHARE PURCHASE AGREEMENT

 

This
Agreement made as of the 9th day of October, 2013 (“Agreement”), by and between Thomas DeNunzio,
with an address at 780 Reservoir Avenue, #123, Cranston, R.I. 02910 ("Seller"), and Andre DiFelice with an address at
405 Mason Ct., Unit 215, Ft. Collins, CO 80524 ("Purchaser").

 

 

W I T N E S S E T H:

 

WHEREAS, Seller
is the record owner and holder of 20,000,000 Common Shares, par value $.0001 par value (the “Shares”), of GO PUBLIC,
INC., a Delaware corporation ("Corporation”), which Corporation has 20,000,000 shares of common stock, issued and
outstanding as of the date of this Agreement.

 

WHEREAS, Purchaser
desires to purchase 20,000,000 of the Shares from Seller, which constitutes 100% of the Corporation’s issued
and outstanding shares as of the date of this Agreement and Seller desires to sell such Shares upon the terms and conditions hereinafter
set forth;

 

NOW, THEREFORE,
in consideration of the foregoing and of the mutual covenants and agreements contained in this Agreement, and in order to consummate
the purchase and sale of the Corporation’s Shares, it is hereby agreed, as follows:

 

1. PURCHASE AND SALE
OF SHARES. Subject to the terms and conditions of this Agreement, Purchaser agrees to purchase at the Closing and the Seller
agrees to sell to Purchaser at the Closing, 20,000,000 of Seller’s Shares for a total price of Twenty Five Thousand U.S.
dollars and no cents (USD $25,000.00) (the “Purchase Price”).

 

 

2. CLOSING. The
purchase and sale of the Shares shall take place on or before October , 2013; at such time and place as the Purchaser and Seller
mutually agree upon orally or in writing (which time and place are designated as the “Closing”). At Closing, Purchaser
shall deliver to Seller, in cash, by wire transfer to an account to be designated by Seller, or Seller may deliver a certified
bank check payable to Thomas DeNunzio for the Purchase Price totaling the amount of Twenty Five Thousand U.S. dollars and no cents
(USD $25,000.00) (which amount shall include any good faith deposits made, if any), and Seller will immediately deliver the following
to Purchaser: (A) the certificates representing the Shares transferred hereunder, duly endorsed for transfer to the Purchaser or
accompanied by appropriate stock powers, (B) the original of the Certificate of Incorporation and bylaws, (C) all corporate books
and records (including all accounting records and SEC filings to date); (D) written resignations of incumbent directors and officers
of the Corporation; and (F) an affidavit certifying that all liabilities of the Corporation prior to the Closing date shall be
paid in full out of the proceeds of this share purchase.

 

Post closing duties by Seller. Seller agrees
to perform following duties for Purchaser after the Closing for no additional fee:

 

		a.	Super 8-K filing for the sale of common stock

		b.	Change of owner/director

		c.	Schedule 14F & Schedule 13D filing.

		d.	Introduction to our PCAOB auditor.

 

 

 

 3. REPRESENTATIONS
AND WARRANTIES OF SELLER. Seller, as sole director and officer of Corporation, hereby represents and warrants to Purchaser
that:

 

(i)
Corporation is a corporation duly organized and validly existing and in good standing under
the laws of the State of Delaware and has the corporate power and authority to carry on the business it is now being conducted.
Corporation and/or Seller do not require any consent and/or authorization, declaration or filing with any government or regulatory
authority to undertake any actions herein;

    	 

    	 

    

(ii)
Corporation has filed with the United States Securities and Exchange Commission (‘SEC”)
a registration statement on Form 10-12G, as amended.

(iii)
Corporation has timely filed and is current on all reports required to be filed
by it pursuant to Sections 13 and 15 of the Securities Exchange Act of 1934.

(iv)
Corporation is newly formed with no financial information available other than the financial
information included in its SEC filings; 

(v)
There are no legal actions, suits, arbitrations, or other administrative, legal or governmental
proceedings threatened or pending against the Corporation and/or Seller or against the Seller or other employee, officer, director
or stockholder of Corporation. Additionally, Seller is not aware of any facts which may/might result in or form a basis of such
action, suit, arbitration or other proceeding on any basis whatsoever; 

(vi) The Corporation
has no subsidiaries or any direct or indirect ownership interest in any other corporation, partnership, association, firm or business
in any manner;

(vii)
The Corporation and/or Seller does not have in effect nor has any present intention to put
into effect any employment agreements, deferred compensation, pension retirement agreements or arrangements, options arrangements,
bonus, stock purchase agreements, incentive or profit–sharing plans; 

(viii)
No person or firm has, or will have, any right, interest or valid claim against the Corporation
for any commission, fee or other compensation in connection with the sale of the Shares herein as a finder or broker or in any
similar capacity as a result of any act or omission by the Corporation and/or Seller or anyone acting on behalf of the Corporation
and/or Seller;

(ix)
The business and operation of the Corporation has and will be conducted in accordance with
all applicable laws, rules, regulations, judgments. Neither the execution, delivery or performance of this Agreement (A) violates
the Corporation’s by-laws, Certificate of Incorporation, Shareholder Agreements or any existing resolutions; and, (B) will
cause the Corporation to lose any benefit or any right or privilege it enjoys under the Securities Act (“Act”) or other
applicable state securities laws; 

(x)
Corporation has not conducted any business and/or entered into any agreements with third-parties;

(xi)
This Agreement has been duly executed and delivered by Seller constitutes a valid and binding
instrument, enforceable in accordance with its terms and does not conflict with or result in a breach of or in violation of the
terms, conditions or provisions of any agreement, mortgage, lease or other instrument or indenture to which Corporation and/or
Seller a party or by which they are bound; 

(xii)
Seller is the legal and beneficial owner of the Shares and has good and marketable title thereto,
free and clear of any liens, claims, rights and encumbrances;

(xiii)
Seller warrants that the Corporation being transferred shall be transferred with no liabilities
and little or no assets, and shall defend and hold Purchaser and the Corporation harmless against any action by any third party
against either of them arising out of, or as a consequence of, any act or omission of Seller or the Corporation prior to, or during
the closing contemplated by this contract of sale; and

(xiv)
Seller will cause all current officers and directors of the Corporation to resign at the Closing.

  

4. REPRESENTATIONS AND
WARRANTIES OF PURCHASER. Purchaser hereby represents and warrants to Seller that:

 

(i)
Purchaser has the power and authority to execute and deliver this Agreement, to perform his
obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered
by Purchaser and constitutes a valid and binding instrument, enforceable in accordance with its terms;

(ii)
The execution, delivery and performance of this Agreement is in compliance with and does not
conflict with or result in a breach of or in violation of the terms, conditions or provisions of any agreement, mortgage, lease
or other instrument or indenture to which Purchaser is a party or by which Purchaser is bound;

(iii)
At no time was Purchaser presented with or solicited by or through any leaflet, public promotional
meeting, television advertisement or any other form of general solicitation or advertising; and,

(iv)
Purchaser is purchasing the Shares solely for his own account for the purpose of investment
and not with a view to, or for sale in connection with, any distribution of any portion thereof in violation of any applicable
securities law.

(v)
The Purchaser is an "accredited investor" as defined under Rule 501 under the Securities
Act.

(vi)
Purchaser hereby agrees that such shares are restricted pursuant to Rule 144 and therefore
subject to Rule 144 resale requirements. 

    	 

    	 

    

 

5. NOTICES. Notice
shall be given by email at the most recent address last received by Seller from Buyer or by Buyer from Seller. Notice
may also be given by certified mail, return receipt requested, the date of notice being deemed the date of postmarking. Notice,
unless either party has notified the other of an alternative address as provided hereunder, shall be sent to the address as set
forth herein:

 

Seller:

 

Thomas DeNunzio, President
and Director

Go Public, Inc.

780 Reservoir Avenue, #123

Cranston, R.I. 02910

FAX: (401) 633-7300

Email: teakwood5@cox.net

 

Purchaser:

 

Andre DiFelice

405
Mason Ct., Unit 215

Ft.
Collins, CO 80524

 

 

 

6. GOVERNING LAW.
This Agreement shall be interpreted and governed in accordance with the laws of the State of Delaware. The parties herein waive
trial by jury. In the event that litigation results or arise out of this Agreement or the performance thereof, the parties agree
that the prevailing party is entitled to reimbursement for the non-prevailing party of reasonable attorney’s fee, costs,
expenses, in addition to any other relief to which the prevailing party may be entitled.

 

7. CONDITIONS TO CLOSING.
The Closing is conditioned upon the fulfillment by the Seller of the satisfaction of the representations and warranties made herein
being true and correct in all material respects as of the date of Closing.

 

8. SEVERABILITY.
In the event that any term, covenant, condition, or other provision contained herein is held to be invalid, void or otherwise unenforceable
by any court of competent jurisdiction, the invalidity of any such term, covenant, condition, provision or Agreement shall in no
way affect any other term, covenant, condition or provision or Agreement contained herein, which shall remain in full force and
effect.

 

9. ENTIRE AGREEMENT.
This Agreement contains all of the terms agreed upon by the parties with respect to the subject matter hereof. This Agreement has
been entered into after full investigation.

 

10. INVALIDITY.
If any paragraph of this Agreement shall be held or declared to be void, invalid or illegal, for any reason, by any court of competent
jurisdiction, such provision shall be ineffective but shall not in any way invalidate or effect any other clause, Paragraph, section
or part of this Agreement.

 

11. GENDER AND NUMBER;
SECTION HEADINGS. Words importing a particular gender mean and include the other gender and words importing a singular number
mean and include the plural number and vice versa, unless the context clearly indicated to the contrary. The section and other
headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement.

 

12. AMENDMENTS.
No amendments or additions to this Agreement shall be binding unless in writing, signed by both parties, except as herein otherwise
provided.

 

13. ASSIGNMENT.
Neither party may assign this Agreement without the express written consent of the other party. Any agreed assignment by the Seller
shall be effectuated by all the necessary corporate authorizations and governmental and/or regulatory filings.

 

    	 

    	 

    

14. CLOSING DOCUMENTS.
Seller and Purchaser agree, at any time, to execute, and acknowledge where appropriate, and to deliver any and all documents/instruments,
and take such further action, which may necessary to carry out the terms, conditions, purpose and intentions of this Agreement.
This paragraph shall survive the Closing.

 

15. EXCLUSIVE AGREEMENT;
AMENDMENT. This Agreement supersedes all prior agreements or understandings among the parties with respect to its subject matter
with respect thereto and cannot be changed or terminated orally.

 

16. FACSIMILE SIGNATURES.
Execution of this Agreement and delivery of signed copies thereof by facsimile signatures from the parties hereto or their agents
is acceptable to the parties who waive any objections or defenses based upon lack of an original signature.

 

17. PUBLICITY. Except
as otherwise required by law, none of the parties hereto shall issue any press release or make any other public statement, in each
case relating to, connected with or arising out of this Agreement or the matters contained herein, without obtaining the prior
approval of the other to the contents and the manner of presentation and publication thereof.

 

18. INDEMNIFICATION.
Seller shall hold Buyer harmless from any and all claims arising out of or related to (i) actions taken by Seller in its capacity
as a shareholder of the Company prior to the Closing date, or (ii) any lawsuits against the Corporation arising during the period
of time prior to the Closing date; (iii) any requests, audits or comment letters issued by the Securities and Exchange Commission
related to the period of time prior to the Closing date. 

 

IN WITNESS WHEREOF,
and intending to be legally bound, the parties hereto have signed this Agreement by their duly authorized officers the day and
year first above written.

 

 

 

/s/ Andre DiFelice

Andre DiFelice

(PURCHASER)

 

 

/s/ Thomas DeNunzio

Thomas DeNunzio

(SELLER)

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