Document:

ex4x2.htm

Exhibit 4.2

 

 

SERVICE TEAM INC.

A Nevada Corporation

COMMON STOCK SUBSCRIPTION AGREEMENT

SERVICE TEAM INC.

7121 Engineer Road

San Diego, California 92111

1.           Service Team Inc., a Nevada corporation (the "Company"), has offered for sale and the undersigned purchaser (the "Purchaser") hereby tenders this subscription and applies for the purchase of ______ Shares of Common Stock at the purchase price of $1.00 per Share (the "Offering").   All Proceeds will be released to the Company upon acceptance of this subscription agreement.  Together with this Subscription Agreement, the Purchaser is delivering to the Company the full amount of the purchase price by check or wire transfer of funds for the subscribed Shares.

2.           The Offering is being conducted pursuant to a Registration Statement filed under  the Securities Act of 1933 (the Act) on Form S-1.

3.           Representations and Warranties of Purchaser. In order to induce the Company to accept this subscription, the Purchaser hereby represents and warrants to, and covenants with, the Company as follows:

A.  The Purchaser is purchasing the Shares for its own account for investment purposes and not with a view towards distribution and has no present arrangement or intention to sell the Common Stock;

B.   The Purchaser is not an officer, director or “affiliate” (as that term is defined in Rule 403 under the Act) of the Company;

D.   The Purchaser has received and carefully reviewed the Company's Prospectus dated EFFECTIVEDATE;

E.    Except as set forth in the Prospectus, no representations or warranties have been made to the Purchaser by the Company, or any agent, employee or affiliate of the Company and in entering into this transaction the Purchaser is not relying upon any information, other than the Prospectus;

 

 

  

  

  

 

4.           Non-Binding Until Acceptance.      The Purchaser understands that this subscription is not binding upon the Company until the Company accepts it, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company's execution of this Agreement where indicated. This Agreement shall be null and void if the Company does not accept it as aforesaid. Upon acceptance by the Company and receipt of the total purchase price, the Company will issue one or more certificates for the full number of subscribed Shares in the name of the Purchaser.

5.           Governing Law.     This Agreement will be construed and enforced in accordance with and governed by the laws of the State of Nevada, except for matters arising under the Act, without reference to principles of conflicts of law. Each of the parties consents to the exclusive jurisdiction and venue of the federal courts whose districts encompass any part of the State of Nevada or the state courts of the State of Nevada in connection with any dispute arising under this Agreement and hereby waives, to the maximum extent permitted by law, any objection, including any objection based on forum non conveniens, to the bringing of any such proceeding in such jurisdictions.

IN WITNESS WHEREOF, the Purchaser has executed this Securities Subscription Agreement on the date set forth below.

 

(Print Name of Subscriber)

By:                                                      

(Signature)

Print Name & Title:                                                                           

(for corporate subscribers)

Address for Shareholder Records:                                                                

Number of Shares Subscribed:                                                      

Purchase Price (# of Shares x $1.00)                                                                

 

 

The foregoing Subscription is accepted this   day of _________, 20__ by:

Service Team Inc.

BY:                                                      

Robert L. Cashman, Vice Presidentex10x1.htm

EXHIBIT 10.1

 

 

 

EQUIPMENT  LEASE  AGREEMENT

 

THIS EQUIPMENT LEASE AGREEMENT is entered into this 25th day of July 2011, by  and between Service Team Inc., a Nevada corporation. herein after referred to as (Lessee) and Hallmark Venture Group, Inc. a Nevada corporation,  herein after referred to  as (Lessor), pursuant to the following::

RECITALS

WHEREAS, Lessor desires to lease various business equipment to Lessee and Lessee desires to lease the business equipment from the Lessor.

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

	
  1.   

	
Hallmark Venture Group, Inc. hereby agrees to lease the following business equipment to  Service Team Inc. for $100 per month for a period of three (3) years starting August 1, 2011.

	
2.  

	
The business equipment consists of:  furniture, office equipment, computers, work benches, test equipment, telephones and miscellaneous equipment and tools used to repair televisions and electrical appliances.

	
3.  

	
The business equipment will be kept in the offices of Service Team Inc. at 7121 Engineer Road, San Diego, California 92111.  The equipment will be available for inspection by a representative of Hallmark Venture Group, Inc. during normal business hours.

 

	
4.   

	
A schedule of the equipment being leased is attached to this Agreement as Exhibit A.

Hallmark Venture Group, Inc. and Service Team Inc. hereby agree to this Agreement for the leasing of the business equipment on the 25th day of August, 2011.

 

 

	

Hallmark Venture Group, Inc. (Lessor)  

 

	 	 	Service Team Inc. (Lessee)	 
	
/s/ Robert L. Cashman  

	 	 	
/s/ Carlos Arreola

	 
	
Robert L. Cashman, President 

	 	 	
Carlos Arreola, President

	 
	
 

	 	 	
 

	 

                                                                                

  

  

  

	
SCHEDULE OF LEASED EQUIPMENT

	
EXHIBIT  A

	  	  	  
	
Description

	
Model

	
Serial

	  	  	  
	
MONITOR (PHILIPS)

	
23 FW9955-35

	
BZ1A0438841635

	
PHONE

	
SPA942

	
88019FB02056

	
MONITOR (HP)

	
PE1234

	
CNN53807P7

	
PHONE

	
SPA504G

	
CBT14170156

	
MONITOR (DELL)

	
E156FPF

	
CN0Y9998-72872-58P-06VL

	
PHONE

	
SPA504G

	
CBT140203NE

	
CALCULATOR

	
EL-1750V

	
ODO3Y

	
MONITOR (HP)

	
PE1234

	
CNN5390K9G

	
PHONE

	
SPA504G

	
CBT1402041Y

	
HARD DRIVE

	
0U7670

	
CN-OYD544-70821-5AQ-5C6F

	
HARD DRIVE

	
05D481

	
00043-465-769-268

	
HARD DRIVE

	
GX280

	
###-##-####

	
HARD DRIVE

	
DHM

	
JF06P41

	
MONITOR (VIEW SONIC)

	
VS11444

	
QCX071241741

	
PHONE

	
SPA504G

	
CBT1406020H

	
ROUTER

	
DES-1105

	
QIOQ1440615174

	
HARD DRIVE

	
PD01X

	
CN-OR1631-48643-52F-1006

	
PRINTER (SAMSUNG)

	
CLX3160FN

	
8Y61B1AQ100996W

	
PHONE

	
SPA504G

	
CBT140202Y0

	
PHONE

	
SPA504G

	
CBT14020420

	
LAPTOP (DELL)

	
PP01L

	
CN-06P823-48643-2A8-2415

	
PHONE

	
SPA504G

	
CBT1402041W

	
LAPTOP (DELL)

	
PP01L

	
CN-06P823-48155-237-0768

	
PRINTER (EPSON)

	
LQ590

	
FSQY09088

	
PRINTER (BROTHER_)

	
MFC-7340

	
462062A9N932681

	
PRINTER (SANMSUNG)

	
CLX3160FN

	
8Y6181AQ300609F

	
PHONE

	
SPA504G

	
CBT140201R

	
PHONE

	
SPA504G

	
CBT140203R6

	
PHONE

	
SPA942

	
88019FA96326

	
PHONE

	
SPA942

	
88019FA96326-2

	
MONITOR (HP)

	
PE1234

	
CNN5390J2C

	
HARD DRIVE

	
52XMAX

	
NA

	
CISCO ROUTER

	
2600

	
NA

	
HARD DRIVE

	
GC520AAR

	
CN27131FVV

 

 

 

 

 

  

  

  

 

 

	
RCA STEREO

	
RS2656

	
NA

	
PRINTER (HP)

	
1220C

	
SG23J130PO

	
HARD DRIVE

	
A1203W

	
81224

	
MONITOR (LG)

	
37LC7D

	
801MXKD3A109

	
PRINTER (HP)

	
3520

	
TH3B6190VQ

	
MONITOR (HP)

	
HP1740

	
CND7010LC4

	
PHONE

	
SPA942

	
88019FB01926

	
PRINTER (LEXMARK)

	
X1240

	
41351842727

	
PHONE

	
SPA942

	
88019FA96323

	
COMPRESSOR (HUSKY)

	
VT631402AJ

	
L8200244621

	
COMPRESSOR (CAMPBELL)

	
EX510001

	
NA

	
COMPRESSOR (BOSTITCH)

	
OM200

	
250985

	
STAPLE GUN (BOXER)

	
AB100T

	
23T0373

	  	  	  
	
Description

	
Model

	
Serial

	  	  	  
	
STAPLE GUN (BOXER)

	
AB100T

	
23A0145

	
RCA POWER LINE MONITOR

	
WY-120A

	
7029

	
HEATER (HOLMES)

	
1TOUCH

	
9200001001631

	
HEATER (HOLMES)

	
1TOUCH

	
900001001631-2

	
SCOPE

	
LBO-518

	
9100224

	
SONY PLAYER

	
SLV-595HS

	
NA

	
YAMAHA AMP

	
DSPA3090

	
E1490865U

	
POWER SUPPLY (VIZ)

	
WP705A

	
4019C9

	
TUNER (SAMSUNG)

	
SIR-T351

	
64LWC00066T

	
DVD PLAYER (TOSHIBA)

	
HD-A2K4

	
SLC7209789

	
SERVERS (DELL)

	
2950

	
1XWXND1

	
SERVERS (DELL)

	
2950

	
DWWXND1

	
SERVERS (DELL)

	
2950

	
4JSXND1

	
SERVERS (DELL)

	
2950

	
JWWXND1

	
BATTERY PACK (APC)

	
300XL

	
SUA4ARMXLBP3V

	
BATTERY PACK (APC)

	
300XL

	
JS0648022371

	
POWER CONNECT

	
5324

	
001143F7957F

	
SENCORE

	
SG165

	
NA

	
JACK PALLET

	
NA

	
070511650X0402073306

	  	  	  
	  	  	  
	
-----------------------------------------------------------------------------------------------------------------------------------------------------------

	  	  	  
	
OFFICE FURNITURE

	  	  
	  	  	  
	
8 work benches

	  	  
	
8 tables (including 4 Ikea Tables)

	  	  
	
1 conference table

	  	  
	
Black Ikea Couch

	  	  
	
8 Trees

	  	  
	
1 refrigerator

	  	  
	
4 cabinets

	  	  
	
3 file cabinets

	  	  
	
Ford E350 Vehicle

	  	  
	
All test equipment

	  	  
	
pallet jack

	  	  
	
ladders

	  	  
	
2 Large White Boards

	  	  
	
6 Chairs

	  	  
	
4 Rolling Table CartsExhibit 10.1

 

AMENDMENT LETTER

 

To:                       (1)                                         Talbot Holdings Ltd.

(2)                                         Validus Holdings, Ltd.

 

23 November 2011

 

$100,000,000 standby letter of credit facility agreement dated 28 November 2007 between Talbot Holdings Ltd. as borrower, Validus Holdings, Ltd. as guarantor, Lloyds TSB Bank plc and ING Bank N.V., London Branch as mandated lead arrangers, ING Bank N.V., London Branch as structuring agent,  Lloyds TSB Bank plc as agent and security trustee and others as amended and restated from time to time (the “Facility Agreement”)

 

1.                                 We refer to the Facility Agreement. Capitalised terms used but not defined in this letter shall have the meanings given to them in the Facility Agreement.

 

2.                                 This letter is designated a “Finance Document” as defined in the Facility Agreement.

 

3.                                 You have requested that Clause 22.2 (Financial definitions) of the Facility Agreement be amended such that the definition of “Minimum Consolidated Net Worth Amount” shall be deleted and replaced with the following:

 

“Minimum Consolidated Net Worth Amount” shall mean, at any time, an amount which initially shall be equal to $2,589,615,000, which amount shall be increased immediately following the last day of each financial quarter (commencing with the fiscal quarter ending on 31 December 2011) by (i) an amount (if positive) equal to 50% of the Net Income for such financial quarter plus (ii) 50% of the net cash proceeds received from any issuance of shares of common stock of the Original Guarantor during such financial quarter.

 

4.                                 We hereby agree that such amendment shall take effect upon the date of your countersignature to this letter.

 

5.                                 Nothing in this letter shall affect the rights of any Finance Party in respect of the occurrence of any Default or Event of Default which is continuing or any Default or Event of Default which arises on or after the date of this letter.

 

6.                                 Other than in respect of the amendment referred to in paragraph 3 above, this letter is sent without prejudice to any rights or remedies we may have under the Finance Documents arising out of or otherwise connected with the matters referred to therein and the provisions of the Facility Agreement and the other Finance Documents shall, save as amended by this letter, continue in full force and effect.

 

7.                                 This letter and any non-contractual obligations arising out of or in connection with it are governed by English law.

 

Please indicate your acceptance of the terms of this letter by signing, dating and returning a copy of this letter to Wholesale Loans Servicing Agency Operations, Lloyds TSB Bank plc, CityMark, 150 Fountainbridge, Edinburgh EH3 9PE, Attention Wholesale Loans Servicing Agency Operations, with a copy by email to Elizabeth Salter at Lloyds TSB Bank plc (Elizabeth.Salter@lloydsbanking.com).

 

 

Yours faithfully

 

	
Lloyds TSB Bank plc
    	
 
    	
ING Bank N.V., London Branch
    
	
as Agent and Lender
    	
 
    	
as Lender
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Ian Baggott
    	
 
    	
By:
    	
/s/ NJ Marchant
    
					

 

 

We hereby acknowledge and agree to the terms set out above.

 

	
Talbot Holdings Ltd.
    	
 
    	
Validus Holdings Ltd.
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Joseph E. (Jeff) Consolino
    	
 
    	
By:
    	
/s/ Joseph E. (Jeff) Consolino
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Director
    	
 
    	
President and Chief Financial Officer

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