Document:

Exhibit 10.1

 

FORM OF INDEPENDENT CONTRACTOR AGREEMENT

 

This Agreement (the
"Agreement") is entered into and effective as of October 17, 2016 by and between Motivating The Masses, Inc. (“MTM”)
and SC Consulting ("Contractor").

 

		1.	Independent Contractor

 

Subject to the terms
and conditions of this Agreement, MTM hereby engages the Contractor as an independent contractor to perform the services set forth
herein, and the Contractor hereby accepts such terms.

 

This Agreement shall
not render the Contractor an employee, partner, agent of, or joint venture with MTM for any purpose. The Contractor is and will
remain an independent contractor in his/her relationship to MTM. MTM shall not be responsible for withholding taxes with respect
to the Contractor’s compensation hereunder. The Contractor shall have no claim against MTM hereunder or otherwise for vacation
pay, sick leave, retirement benefits, social security, worker’s compensation, health or disability benefits, unemployment
insurance benefits, or employee benefits of any kind.

 

		2.	Duties, Terms, and Compensation

 

A.           Duties:
Contractor shall provide services to MTM as set forth on Schedule A attached hereto (the “Services”). Contractor
agrees and represents that Susie Carder (“Carder”) shall be the representative of Contractor to provide the Services
to MTM, and acknowledges that MTM in entering into this Agreement has relied upon the representation that Carder will be the representative
of Contractor to provide the Services to MTM. Contractor will provide the Services at such times as MTM and Contractor agree. Contractor
shall not have the authority to bind MTM to a contract with a third party. Contractor shall perform its duties in accordance with
all federal and/or state laws, regulations, requirements and MTM’s bylaws, rules and regulations.

 

B.           Term:
The term of the Contractor's engagement shall commence on October 17, 2016 (“Effective Date”) and continue until terminated
as provided in Section 13 of this Agreement.

 

C.           Compensation:
MTM will compensate Contractor as set forth on Schedule B.

 

     

     

    

 

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		3.	Expenses

 

Except as otherwise
agreed, Contractor shall be responsible for its own expenses and equipment.

 

		4.	Independent Contractor

 

Contractor is an independent
contractor of MTM and shall not perform any Services under this Agreement as an employee or agent of MTM. MTM shall have no right
to control or direct the method, details or means by which Contractor performs the Services required under this Agreement. Contractor
shall not represent or identify herself/himself to third parties as being an employee or agent of MTM.

 

		5.	Non-Exclusive Relationship

 

Contractor may perform
services for, or be employed by such other persons or companies as Contractor sees fit, provided that Contractor shall not perform
services for other clients, persons, or companies which are in conflict with Contractor’s obligations to MTM under this Agreement
or if doing so causes Contractor to breach his/her obligations under this Agreement.

 

		6.	Insurance

 

Contractor attests
that it has adequate and sufficient insurance as required under the Laws of the State of California.

 

		7.	Defense & Indemnity

 

Contractor shall indemnify,
defend and hold MTM and its affiliates free, clear, and harmless from any and all claims arising directly or indirectly out of
any such injury to person(s) or damage to property arising out of or in any way connected with the performance of the work by,
or breach of this Agreement by, Contractor or any of Contractor’s employees or subcontractors. MTM shall be free from all
liability and claims for damages by reason of any injury to any person or persons (including Contractor's employees and personnel),
or to any property of any kind whatsoever, and to whomsoever such property may belong (including Contractor's property), from any
causes or occurrences arising out of or in any way connected with the performance by Contractor or any of Contractor’s employees
or subcontractors. The obligation to indemnify hereunder shall be effective even if MTM or any of its affiliates is responsible
for active or passive negligence or misconduct that contributes to any claim. Contractor shall have no obligation to defend or
indemnify MTM for claims arising out of MTM’s sole negligence or wrongful conduct.

 

     

     

    

 

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Contractor shall indemnify,
defend and hold MTM and its affiliates free, clear, and harmless from any and all claims arising directly or indirectly out of
Contractor's failure to pay any supplier, subcontractor, workman, or any other person or entity furnishing labor or materials during
the course of the work covered by this Agreement. The indemnification provided hereunder applies to any claims made by Contractor’s
employees for violations of California’s Labor Code, the Fair Labor Standards Act, the California Fair Employment and Housing
Act, any Federal civil rights statute, or any other claim for harassment, discrimination, retaliation, or wrongful termination.
Contractor shall defend MTM in any such action through counsel of MTM’s choosing.

 

Contractor shall defend
MTM at Contractor's expense against any matters which are the subject of any indemnity made by Contractor in this Agreement through
counsel selected by MTM, immediately upon written request from MTM.

 

		8.	Assignment, Works Made for Hire

 

Contractor assigns
to MTM any trade secret, process, system, trademarks or patentable creations (“Innovations”) created by or discovered
or developed in whole or in part by Contractor as a result of any work performed by Contractor under this Agreement. Such Innovations
shall be the sole and exclusive property of MTM. Any works of authorship ("Works") commissioned pursuant to this Agreement
shall be considered as works made for hire as that term is defined under U.S. copyright law. To the extent that any Works do not
qualify as a work made for hire, Contractor hereby assigns and transfers to MTM all rights in such Works.

 

Contractor agrees to
sign and deliver to MTM (either during or subsequent to commencing work) such documents as MTM considers desirable to evidence:
(1) the assignment to MTM of all rights of Contractor, if any, in any such Innovation or Work, and (2) MTM’s ownership of
such Innovations and Works.

 

     

     

    

 

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		9.	Contractor Warranties

 

Contractor warrants
that any Innovations or Works created by Contractor shall not infringe any intellectual property rights or violate any laws.

 

		10.	Conflicts of Interest; Non-hire Provision

 

The Contractor represents
that it is free to enter into this Agreement and that this engagement does not violate the terms of any agreement between the Contractor
and any third-party. Further, the Contractor, in rendering its duties shall not utilize any invention, discovery, development,
improvement, innovation, or trade secret in which it does not have a proprietary interest. During the term of this Agreement, the
Contractor shall devote as much of its productive time, energy and abilities to the performance of its duties hereunder as is necessary
to perform the required duties in a timely and productive manner.

 

		11.	Restrictive Covenants

 

a.           During
the term of this Agreement and for a period of twelve (12) months after termination of this Agreement, Contractor will not directly
or indirectly: (i) disrupt, damage, impair or interfere with the business of MTM, (ii) solicit, or attempt to solicit, business
or patronage from any customer for whom MTM has performed services during the term of this Agreement and/or the twelve (12) months
prior to the termination of this Agreement; (iii) or solicit any employees or other independent contractors or agents of MTM to
work for any person or entity which performs services similar to those performed by MTM.

 

b.           MTM
and Contractor acknowledge and agree that the limitations set forth herein have been reviewed by the parties and are reasonable
in view of all the facts and circumstances known to them. Nevertheless, if any court shall determine that the limitations contained
in this Agreement are unenforceable, it is the intention of MTM and Contractor that the restrictive covenants set forth herein
shall not thereby be terminated, but shall be deemed amended to the extent required to render it enforceable. Accordingly, if the
term of this Agreement and/or twelve (12) month period specified under Section 11.a is deemed to be too broad, a six (6)-month
period prior to the termination of this Agreement shall be substituted.

 

     

     

    

 

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c.           Contractor
understands and agrees that Contractor’s provision of the Services creates a relationship of confidence and trust between
Contractor and MTM, that the nature of MTM’s relationship with each customer and Contractor’s relationship with each
of MTM’s customers during the course of providing the Services by Contractor is of an extremely sensitive and confidential
nature, and that in connection with the provision of the Services, Contractor may learn or be provided with information concerning
MTM or its customers, the improper use or disclosure of which would cause severe and irreparable harm to MTM. Accordingly, Contractor
agrees that it shall not, during or at any time after termination of this Agreement, without written authorization of MTM, disclose
to, or make use of, for Contractor or for any other person, corporation, or entity, any information obtained by Contractor with
respect to any customer of MTM, or any information concerning MTM’s business, including, but not limited to, the nature of
the Services, the terms of this Agreement, MTM’s customer lists, files and identities, processes, plans, relationships, pricing
structure data, know how, trade secrets or other confidential information concerning the business, customers, products, methods,
operations, financing or services of MTM (“Proprietary Information”).

 

d.           Contractor
hereby acknowledges that all files, lists, books, records, reports, literature, products and any other materials furnished to Contractor
by MTM or provided or generated by Contractor or others in connection with the provision of the Services shall at all times be
and remain the property of MTM and that upon termination of this Agreement, irrespective of the time, manner or cause of said termination,
or as otherwise requested by MTM from time to time, Contractor will surrender to MTM all such lists, books, records, reports, literature,
products and other materials and all copies thereof.

 

e.           Contractor
represents and warrants that it will not infringe on any copyright, patent, trademark, trade secret or other proprietary right
of MTM or any third party in connection with the performance of its responsibilities and obligations hereunder.

 

     

     

    

 

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f.            Contractor
acknowledges that the restrictions contained in this Section 11 are a reasonable and necessary protection of the legitimate interests
of MTM, that any violation of them could cause substantial injury to MTM or its customers, and that MTM would not have agreed to
engage Contractor without receiving the additional consideration of Contractor’s agreeing to be bound by the restrictions
set forth herein. Contractor acknowledges that a breach of any of such restrictions could not adequately be compensated by damages
in an action at law. Accordingly, in the event of a breach or threatened breach by Contractor of the provisions of any or all of
Section 11, MTM shall be entitled:

 

(i)          to
obtain, without the necessity of posting bond therefor, an injunction (preliminary or permanent, or a temporary restraining order)
restraining Contractor from the activity or threatened activity constituting or that would constitute a breach; and

 

(ii)         to
an accounting and repayment of all profits, compensation, commissions, remuneration or other benefits that Contractor directly
or indirectly has realized or may realize as a result of, arising out of or in connection with any such breach.

 

The remedies provided in this Section 11
shall survive the termination of this Agreement, and shall be in addition to and not in lieu of any and all other remedies of MTM
at law or in equity, which remedies shall be cumulative.

 

		12.	Right to Injunction

 

The parties hereto
acknowledge that the Services to be rendered by the Contractor under this Agreement and the rights and privileges granted to MTM
under the Agreement are of a special, unique, unusual, and extraordinary character which gives them a peculiar value, the loss
of which cannot be reasonably or adequately compensated by damages in any action at law, and the breach by the Contractor or any
of the provisions of this Agreement will cause MTM irreparable injury and damage. The Contractor expressly agrees that MTM shall
be entitled to injunctive and other equitable relief in the event of, or to prevent, a breach of any provisions of this Agreement
by the Contractor. Resort to such equitable relief, however, shall not be construed to be a waiver of any other rights or remedies
that MTM may have for damages or otherwise. The various rights and remedies of MTM under this Agreement or otherwise shall be construed
to be cumulative, and no one of them shall be exclusive of any other or of any right or remedy allowed by law.

 

     

     

    

 

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		13.	Termination

 

Either party may terminate
this Agreement at any time. In the event the Agreement is terminated, MTM shall owe Contractor no further amounts or obligations,
outside of commissions owed.

 

		14.	Assignment

 

The Contractor shall
not assign any of its rights under this Agreement, or delegate the performance of any of its duties hereunder, without the prior
written consent of MTM.

 

		15.	Relationships

 

Nothing contained in
this Agreement shall be deemed to constitute either party a partner, joint venture or employee of the other party for any purpose.

 

		16.	Severability

 

If a court finds any
provision of this Agreement invalid or unenforceable, the remainder of this Agreement shall be interpreted so as best to affect
the intent of the parties.

 

		17.	Integration

 

This Agreement expresses
the complete understanding of the parties with respect to the subject matter and supersedes all prior proposals, agreements, representations
and understandings.

 

		18.	Waiver

 

The failure to exercise
any right provided in this Agreement shall not be a waiver of prior or subsequent rights.

 

		19.	Governing Law

 

This Agreement shall
be governed solely by California law. MTM and Contractor agree that any legal action regarding this Agreement shall be commenced
and maintained solely in, and consent to venue in and the jurisdiction of, the State and Federal District Courts located in San
Diego County.

 

     

     

    

 

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		20.	Attorneys’ Fees

 

The prevailing party
as to any disputes relating to this Agreement shall be entitled to recover from the unsuccessful party to this Agreement all costs,
expenses and actual attorneys' fees relating to the enforcement or interpretation of, or any litigation or arbitration relating
to this Agreement.

 

		21.	Successors and Assigns

 

All of the provisions
of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, if any, successors,
or assigns.

 

		22.	Modifications or Amendment

 

No amendment, change
or solidification of this Agreement shall be valid unless in writing signed by the parties hereto.

 

		23.	Counterparts

 

This Agreement may
be executed in multiple counterparts and by facsimile or pdf or similar means of electronic delivery, each of which will be deemed
an original, but all of which together will constitute one and the same instrument.

 

[Signature page follows]

 

     

     

    

 

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Signature Pages to Independent Contractor
Agreement

 

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

 

Contractor:

 

	 
	(Signature)
	 
	 
	(Typed or Printed Name)

 

	Title:	 	Date: 	 

 

Motivation The Masses, Inc.:

 

	 	 
	(Signature)
	 	 
	By:	 

 

	Title:	 	Date: 	 

 

     

     

    

 

Independent Contractor Agreement

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Schedule A

 

PRIMARY RESPONSIBILITIES

 

		·	Partner with the CEO of MTM to develop
global Business Development strategies to support both the long-term vision and shorter-term goals & objectives of the organization
(maximizing market share, revenue growth, profitability growth and EBITA).

 

		·	Identify ways to maximize revenue, through
product and training.

 

		·	Report and share information with the
board of MTM to ensure they are kept fully informed on the condition of the organization and important factors influencing it.

 

		·	Identify and lead new business opportunities.

 

		·	Ensure highly productive relationships
and partnerships for the benefit of the organization.

 

		·	Sets goal, monitor work, and evaluate
results to ensure that departmental and organizational objectives and operating requirements are met and are in line with the needs
and mission of the organization.

 

		·	Develop a strategic plan to advance the
company's mission and objectives and to promote revenue, profitability, and growth as an organization.

 

		·	Plan, develop, and implement strategies
for generating resources and/or revenues for MTM.

 

		·	Product development.

 

Develop coach and train new
consultants

 

		·	Coaching Services

 

		·	Create curriculum- Train the trainer program

 

		·	Develop coaches

 

		·	Create Sales Strategy for coaches

 

		·	Managing Marketing Division around promoting
coaches Executive Coaching

 

		·	Coach clients to achieve optimum results

 

		·	Completed Action Sheets for each client

 

		·	Sale & Cross Sale existing clients

 

Events/Trainings

 

		·	Attend MTM events/trainings

 

		·	Create up level design for MTM events/trainings

 

		·	Lead sales and support on all aspects
of the training 

 

     

     

    

 

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Schedule B

 

		·	$19,167.67 per month, payable as follows:

 

		o	semi-monthly installments of $8,333.34 paid on the 15th and the last day of each month,
and

 

		o	$2,500 per month contributed to a designated Section 79 Plan

 

		·	Coaching: Coaching given to clients
of MTM will be paid at a rate of 30% of contracted amount. This will be paid to Contractor under this Agreement after payment
is obtained from the client. Coaching commission will not be paid ahead of services or payment. Invoices must be submitted by Contractor
to the finance department after each coaching session to make sure accounts are kept current.

 

Event Sales: A compensation rate
of 3% will be paid on all sales signed by MTM sales unless a specific agreement is made prior to an event and signed in
writing by Contractor. In the case of internal events, or events produced by MTM, if Contractor provides services as a speaker,
Contractor will receive 1% of sales made and a percentage of 2% will be divided evenly among the remaining sales team. In the event
that there are multiple speakers, a percentage of 1.5% of sales will divided evenly and paid to the speakers. The sales team will
divide the remaining 1.5% evenly.

 

Event Sales Support: A compensation
rate of 2% will be paid evenly among all MTM support personnel, including the Contractor, working an event. The sales amount
used to calculate will be based on net sales which will calculated as follows:

 

Total Sales - Sales Splits - Breakeven Costs = Net
Commissionable Sales

 

Commissionable Sales for Sales Support
will be calculated and then divided by MTM support personnel working at each event. Each event’s breakeven will be calculated
at 40% of gross sales and will be open for change should the need arise or actual breakeven costs are known.

 

Event Account Management/Project Management:
A compensation rate of 2% will be paid to the Contractor if it provides services as an Account Manager/Project Manager in
an event. In the event that this is split among more than one person, compensation will be split accordingly.Blueprint

 

 Exhibit 10.1

 

SECURITIES
EXCHANGE AGREEMENT

This
Securities Exchange Agreement (this “Agreement”) is dated as
of October 13, 2016 by and between Meridian Waste Solutions, Inc.,
a New York corporation (the “Company”), and that
certain investor listed on the signature page attached hereto (the
“Investor”).

WHEREAS, the
Investor currently holds 23,706.67 shares of the Company’s
Series B Preferred Stock, par value $0.001 per share (the
“Preferred
Shares”); and

WHEREAS, subject to
the terms and conditions set forth in this Agreement the Company
desires to issue 3,333,333 shares of the Company’s common
stock, par value $0.025 per share (the “Common Shares”) to the
Investor, and the Investor desires to accept the Common Shares, in
exchange for the cancellation and return to treasury of the
Preferred Shares (the “Exchange”).

NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in
this Agreement, and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the Company
and the Investor hereby agree as follows:

ARTICLE
I.

DEFINITIONS

1.1           Definitions.
In addition to the terms defined elsewhere in this Agreement, the
following terms have the meanings set forth in this Section
1.1:

“Board of Directors” means
the board of directors of the Company;

“Business Day” means any
day except any Saturday, any Sunday, any day which is a federal
legal holiday in the United States or any day on which banking
institutions in the State of New York are authorized or required by
law or other governmental action to close;

“Closing” means the
consummation of the Exchange pursuant to Section 2.1
hereof;

“Closing Date” means the
Trading Day on which this Agreement has been executed and delivered
by the applicable parties hereto, and all conditions precedent to
(i) the Investor’s obligation to proceed with the Closing and
(ii) the Company’s obligations to deliver the Shares, in each
case, have been satisfied or waived;

“Commission” means the
United States Securities and Exchange Commission;

“Common Stock” means the
common stock of the Company, par value $0.001 per share, and any
other class of securities into which such Common Stock may
hereafter be reclassified or changed;

 “Exchange”
shall have the meaning assigned to that term in the Recitals to
this Agreement.

 

 

 

“Interest Amount” shall
have the meaning assigned to that term in the Recitals to this
Agreement.

 

“Liens” means a lien,
charge, security interest, encumbrance, right of first refusal,
preemptive right or other restriction;

 

“Person” means an
individual or corporation, partnership, trust, incorporated or
unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or
subdivision thereof) or other entity of any kind;

 

“Proceeding” means an
action, claim, suit, investigation or proceeding (including,
without limitation, an informal investigation or partial
proceeding, such as a deposition), whether commenced or
threatened;

 

“Securities Act” means the
Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder;

 

 “Trading
Day” means a day on which the principal Trading Market
is open for trading; and

 

“Trading Market” means any
of the following markets or exchanges on which the Common Stock is
listed or quoted for trading on the date in question: the NYSE
AMEX, the Nasdaq Capital Market, the Nasdaq Global Market, the
Nasdaq Global Select Market, the NYSE Euronext, the OTC Bulletin
Board or OTC Markets (or any successors to any of the
foregoing).

 

ARTICLE
II.

EXCHANGE

2.1 Closing. On the Closing Date,
upon the terms and subject to the conditions set forth herein,
concurrent with the execution and delivery of this Agreement by the
parties hereto, the Company shall issue to the Investor in exchange
for the Preferred Shares, the Common Shares, in accordance with
Section 2.3(a) hereof. Upon satisfaction of the covenants and
conditions set forth in Sections 2.2, 2.3 and 2.4 hereof, the
Closing shall occur.

2.2  
Deliveries.

(a) On or prior to the
Closing Date, the Company shall deliver or cause to be delivered to
the Investor the following:

(i)     
this Agreement duly executed by the Company; and

(ii) the
Common Shares.

(b) On or prior to the
Closing Date, the Investor shall deliver or cause to be delivered
to the Company this Agreement duly executed by the
Investor.

 

2

 

 

2.3   
Closing
Conditions.

(a) The obligations of
the Company hereunder in connection with the Closing are subject to
the following conditions being met:

(i) the accuracy in all
material respects when made and on the Closing Date of the
representations and warranties of Investor contained herein (unless
expressly stated herein as of a specific date);

(ii) all
obligations, covenants and agreements of Investor required to be
performed at or prior to the Closing Date shall have been
performed; and

(iii) the
delivery by Investor of the items set forth in Section 2.3(b) of
this Agreement.

(b) The obligations of
the Investor hereunder in connection with the Closing are subject
to the following conditions being met:

(i) the accuracy in all
material respects when made and on the Closing Date of the
representations and warranties of the Company contained herein
(unless expressly stated herein as of a specific
date);

(ii) all
obligations, covenants and agreements of the Company required to be
performed at or prior to the Closing Date shall have been
performed; and

(iii) the
delivery by the Company of the items set forth in Section 2.3(a) of
this Agreement.

2.4 Cancellation of Preferred
Shares. Immediately upon the occurrence of the Closing the
Company will effect the cancellation of the Preferred Shares on its
corporate books and records and will return such shares to
treasury.

ARTICLE
III.

REPRESENTATIONS
AND WARRANTIES

3.1 
Representations and
Warranties of the Company. The Company hereby makes the
following representations and warranties to the
Investor:

(a) Authorization; Enforcement. The
Company has the requisite corporate power and authority to enter
into and to consummate the transactions contemplated by this
Agreement and to otherwise carry out its obligations hereunder. The
execution and delivery of this Agreement by the Company and the
consummation by it of the transactions contemplated hereby have
been duly authorized by all necessary action on the part of the
Company and no further action is required by the Company and the
Board of Directors in connection herewith. This Agreement has been
duly executed by the Company and, when delivered in accordance with
the terms hereof and upon receipt of Investor’s signature
page to this Agreement, will constitute the valid and binding
obligation of the Company, enforceable against the Company in
accordance with its terms, except: (i) as limited by general
equitable principles and applicable bankruptcy, insolvency,
reorganization, moratorium and other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as
limited by laws relating to the availability of specific
performance, injunctive relief or other equitable remedies and
(iii) insofar as indemnification and contribution provisions may be
limited by applicable law.

 

3

 

 

(b) Issuance of the Common Shares.
The Common Shares shall be duly authorized, issued and paid for in
accordance with this Agreement, shall be duly and validly issued,
fully paid and nonassessable, free and clear of all Liens imposed
by the Company other than restrictions on transfer provided for in
this Agreement.

(c) General Solicitation. The
Company has not undertaken any advertisement, article, notice or
other communication with regards to the Exchange or otherwise
published in any newspaper, magazine or similar media or broadcast
over television or radio or presented at any seminar or any other
general solicitation or general advertisement, regarding the
Exchange.

3.2           Representations,
Warranties and Covenants of Investor. Investor hereby
represents and warrants as of the date hereof and as of the Closing
Date to the Company as follows:

(a)
      Organization and Standing of
Investor. If Investor is an entity, Investor is duly formed,
validly existing and in good standing under the laws of the
jurisdiction of its formation. If the Investor is a natural person,
Investor has the legal capacity and power to enter into this
Agreement.

(b)     
Authorization and
Power. Such Investor has the requisite power and authority
to enter into and perform this Agreement. The execution, delivery
and performance of this Agreement by such Investor, and the
consummation by such Investor of the transactions contemplated
hereby and thereby, have been duly authorized by all necessary
action, and no further consent or authorization of Investor or its
board of directors, manager(s), trustee, stockholders, partners,
members or beneficiaries, as applicable, is required. This
Agreement has been duly authorized, executed and delivered by such
Investor and constitutes, or shall constitute, when executed and
delivered, a valid and binding obligation of such Investor,
enforceable against Investor in accordance with the terms
thereof.

(c)      
No Conflicts. The
execution, delivery and performance of this Agreement by Investor
and the consummation by the Investor of the transactions
contemplated herein do not and will not (i) conflict with or
violate any provision of the Investor’s charter or other
organizational documents or (ii) conflict with or result in a
violation of any law, rule, regulation, order, judgment, injunction
decree or other restriction of any court or governmental authority
to which the Investor is subject (including federal and state
securities laws and regulations), or by which any property or asset
of the Investor is bound or affected.

(d)       
No Liens. The
Preferred Shares are free and clear of all Liens and are not
subject to any other encumbrances.

(e)       
No Further Rights in the
Preferred Shares or Series B Preferred Stock. The Investor
does not hold any ownership interest in any shares of Series B
Preferred Stock other than the Preferred Shares. The Investor does
not hold any physical stock certificate or similar instrument
evidencing the Preferred Shares. Effective upon cancellation of the
Preferred Shares pursuant to the Exchange, the Investor will have
no rights with respect to the Preferred Shares and will have no
remaining interest whatsoever in connection with the Companyís
Series B Preferred Stock.

 

4

 

 

(f)      
Filings, Consents and
Approvals. The Investor is not required to obtain any
approval, consent, waiver, authorization or order of, give any
notice to, or make any filing, qualification or registration with,
any court or other federal, state, local, foreign or other
governmental authority or other Person in connection with the
execution, delivery and performance by the Investor of this
Agreement or the cancellation of the Preferred Shares.

(g)     
General
Solicitation. The Investor is not exchanging the Preferred
Shares for the Common Shares as a result of any advertisement,
article, notice or other communication regarding the Common Shares
published in any newspaper, magazine or similar media or broadcast
over television or radio or presented at any seminar or any other
general solicitation or general advertisement.

ARTICLE
IV.

MISCELLANEOUS

4.1           Fees
and Expenses. Each party hereto shall pay the fees and
expenses of its advisers, counsel, accountants and other experts,
if any, and all other expenses incurred by such party incident to
the negotiation, preparation, execution, delivery and performance
of this Agreement. The Company shall pay all transfer agent fees,
stamp taxes and other taxes and duties levied in connection with
the delivery of the Common Shares to the Investor.

4.2           Entire
Agreement. This Agreement contains the entire understanding
of the parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and understandings, oral or
written, with respect to such matters, which the parties hereto
acknowledge have been merged into such documents, exhibits and
schedules.

4.3       
Notices. Any and
all notices or other communications or deliveries required or
permitted to be provided hereunder shall be in writing and shall be
deemed given and effective on the earliest of: (a) the date of
transmission, if such notice or communication is delivered via
facsimile at the facsimile number set forth on the signature pages
attached hereto prior to 5:30 p.m. (New York City time) on a
Trading Day, and confirmation of transmission shall have been
received, (b) the next Trading Day after the date of transmission,
if such notice or communication is delivered via facsimile at the
facsimile number set forth on the signature pages attached hereto
on a day that is not a Trading Day or later than 5:30 p.m. (New
York City time) on any Trading Day, and confirmation of
transmission shall have been received, (c) the second
(2nd)
Trading Day following the date of mailing, if sent by U.S.
nationally recognized overnight courier service or (d) upon actual
receipt by the party to whom such notice is required to be given if
delivered by hand or by registered or certified mail, return
receipt requested. The address for such notices and communications
shall be as set forth on the signature pages attached
hereto.

4.4        
Amendments;
Waivers. No provision of this Agreement may be waived,
modified, supplemented or amended except in a written instrument
signed by the Company and the Investor. No waiver of any default
with respect to any provision, condition or requirement of this
Agreement shall be deemed to be a continuing waiver in the future
or a waiver of any subsequent default or a waiver of any other
provision, condition or requirement hereof, nor shall any delay or
omission of any party hereto to exercise any right hereunder in any
manner impair the exercise of any such right.

 

5

 

 

4.5      
     Headings. The headings herein
are for convenience only, do not constitute a part of this
Agreement and shall not be deemed to limit or affect any of the
provisions hereof.

4.6           Successors
and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their successors and
permitted assigns. The Company may not assign this Agreement or any
rights or obligations hereunder without the prior written consent
of the Investor (other than by merger). The Investor may assign any
or all of its rights under this Agreement to any Person to whom the
Investor assigns or transfers any of the Common Shares,
provided that such
transferee agrees in writing to be bound, with respect to the
Common Shares, by the provisions of this Agreement that apply to
the Investor.”

4.7        
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
New York, without regard to the principles of conflicts of law
thereof. Each party hereto agrees that all legal proceedings
concerning the interpretations, enforcement and defense of the
transactions contemplated by this Agreement (whether brought
against a party hereto or its respective affiliates, directors,
officers, shareholders, employees or agents) shall be commenced
exclusively in the state and federal courts sitting in the City of
New York. Each party hereto hereby irrevocably submits to the
exclusive jurisdiction of the state and federal courts sitting in
the City of New York, borough of Manhattan for the adjudication of
any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein (including with
respect to the enforcement of this Agreement), and hereby
irrevocably waives, and agrees not to assert in any suit, action or
proceeding, any claim that it is not personally subject to the
jurisdiction of, any such court, that such suit, action or
proceeding is improper or is an inconvenient venue for such
proceeding. Each party hereto hereby irrevocably waives personal
service of process and consents to process being served in any such
suit, action or proceeding by mailing a copy thereof via registered
or certified mail or overnight delivery (with evidence of delivery)
to such party at the address in effect for notices to it under this
Agreement, and agrees that such service shall constitute good and
sufficient service of process and notice thereof. Nothing contained
herein shall be deemed to limit in any way any right to serve
process in any other manner permitted by law. If either party
hereto shall commence an action or proceeding to enforce any
provisions of this Agreement, then, the prevailing party in such
action or 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 action or proceeding.

4.8           Survival.
The representations and warranties contained herein shall survive
the Closing and the cancellation of the Preferred
Shares.

4.9           Execution.
This Agreement may be executed in two or more counterparts, all of
which when taken together shall be considered one and the same
agreement and shall become effective when counterparts have been
signed by each party hereto and delivered to the other party, it
being understood that both parties need not sign the same
counterpart. In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a
“.pdf” format data file, such signature shall create a
valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect
as if such facsimile or “.pdf” signature page were an
original thereof.

 

6

 

 

4.10       
Severability. If
any term, provision, covenant or restriction of this Agreement is
held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or
invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to
achieve the same or substantially the same result as that
contemplated by such term, provision, covenant or restriction. It
is hereby stipulated and declared to be the intention of the
parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of
such that may be hereafter declared invalid, illegal, void or
unenforceable.

4.11      
Replacement of
Shares. If, subsequent to the date hereof, any certificate
or instrument evidencing any of the Common Shares is mutilated,
lost, stolen or destroyed, the Company shall issue or cause to be
issued in exchange and substitution for and upon cancellation
thereof (in the case of mutilation), or in lieu of and substitution
therefor, a new certificate or instrument, but only upon receipt of
evidence reasonably satisfactory to the Company of such loss, theft
or destruction. The applicant for a new certificate or instrument
under such circumstances shall also pay any reasonable third-party
costs (including customary indemnity) associated with the issuance
of such replacement certificates.

4.12    
    Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the
taking of any action or the expiration of any right required or
granted herein shall not be a Business Day, then such action may be
taken or such right may be exercised on the next succeeding
Business Day.

4.13           Construction.
The parties hereto agree that each of them and/or their respective
counsel has reviewed and had an opportunity to revise this
Agreement and, therefore, the normal rule of construction to the
effect that any ambiguities are to be resolved against the drafting
party shall not be employed in the interpretation of this Agreement
or any amendments hereto. In addition, each and every reference to
share prices and shares of Common Stock in this Agreement shall be
subject to adjustment for reverse and forward stock splits, stock
dividends, stock combinations and other similar transactions that
occur after the date of this Agreement.

 [Signature Pages Follow]

 

 

7

 

IN
WITNESS WHEREOF, the parties hereto have caused this Securities
Exchange Agreement to be duly executed by their respective
authorized signatories as of the date first indicated
above.

 

	

MERIDIAN WASTE SOLUTIONS, INC.

 

	

Address for Notice:

12540
Broadwell Road, Suite 2104

	
 

	

Milton,
GA 30004

	

By:__________________________________________

     Name:
Jeffrey Cosman

     Title:
Chief Executive Officer

 

With a
copy to (which shall not constitute notice):

	
 

	

 

 

Lucosky
Brookman LLP

101
Wood Avenue South, 5th Floor

Iselin,
NJ 08830

Attn:
Scott E. Linsky, Esq.

Fax:
(732) 395-4401

 

	
 

 

 

 

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

SIGNATURE PAGE FOR
THE INVESTOR FOLLOW]

 

 

8

 

[INVESTOR SIGNATURE
PAGE TO SECURITIES EXCHANGE AGREEMENT]

 

IN
WITNESS WHEREOF, the undersigned has caused this Securities
Exchange Agreement to be duly executed by their respective
authorized signatories as of the date first indicated
above.

Name of
Investor:

 

Signature of Investor:
__________________________

 

 

 

 

 

  9

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