Document:

ex10-12.htm

     

      
        

      

    

    

    October
5, 2007

    

    Mr. Tim
Tangredi

    President/CEO

    Dais
Analytic Corporation

    11552
Prosperous Drive

    Odessa,
FL 33556

    

    Dear
Tim,

    

    This
Placement Agent Agreement (“Agreement”) represents our understanding of the
basis upon which Legend Merchant Group, Inc. (“LMG”) is engaged to act as
placement agent (“Placement Agent”), as described below to Dais Analytic
Corporation (the “Company”), and this version replaces any previous version of
said understanding.

    

    

    1.   BEST
EFFORTS OFFERING

    

    LMG will
seek to raise capital for the Company (the “Placement”), on a best efforts
basis, from the sale of equity or equity-related securities in a structure to be
mutually determined by LMG and the Company. The Placement shall be made to
"accredited investors" (“Investors”) as such term is defined under Rule 501 (a)
of the Securities Act of 1933, as amended (the “Act”) without registration
pursuant to the exemption from registration provided by Regulation D under the
Act.  The term of this Agreement shall expire on October 15, 2007,
unless mutually extended by the parties hereto in  writing. The terms
of the Placement, including the pricing of the stock, the rights and preferences
of the stock, and the demand and piggyback registration rights and other rights
offered to the Investors, if any, shall be determined by the Company after
consultation with LMG.  The Placement Agent shall have comparable
registration rights to those offered to the Investors.

    

    2.   CONFIDENTIAL
PRIVATE PLACEMENT MEMORANDUM

    

    The
Company has prepared a Confidential Private Offering Memorandum (“PPM”) covering
the proposed offering of the stock which Company, shall has or shall have
reviewed by legal counsel for compliance with anti-fraud and other disclosure
requirements of the federal and state securities laws.  The PPM shall
be in form and substance reasonably satisfactory to Legend and its
counsel.  The Company agrees that it shall use reasonable efforts to
modify or supplement the PPM during the course of the Offering to insure that
the PPM does not contain any substantially untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to
make the statements therein not materially misleading in light of the
circumstances in which they were made.

    

    3.   FEES AND
EXPENSES

     

    Upon the
closing of the Placement, the Company shall pay to LMG a total cash fee equal to
8% of the Placement. In addition, upon closing of the Placement, the Company
shall issue to LMG five year term Warrants for common shares equal in number to
10% of the common shares underlying the Warrants issued to Investors at Closing
under the Placement at an exercise price per share equal to the exercise price
per share in the Warrant issued to Investors at closing of
Placement.

    
      
        
          
 

          

        

         

      

      
        Dais
Analytic Corporation – Placement Agreement                                                                                                            Page 1 of
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    Furthermore,
both parties do hereby agree that North American Funds and any and all of its
affiliates (provided any such affiliate is first introduced to Company by
LMG)  are considered to be introductions first made to the Company by
LMG.  As such, LMG, if its meets all other requirements of this
Agreement will be entitled to the same fees described above (a cash fee equal to 7% of
the gross proceeds of the Placement and a 5 year Warrant to purchase 10% of the
number of shares issued to Investors at an exercise price per share equal to the
exercise price per share in the
warrant  issued to Investors at closing of the Placement) for
any investments made in the Company by North American Funds and any and all of
its affiliates until December 31, 2007.

    

    Notwithstanding
any provision of this Agreement to the contrary, any compensation, remuneration
or fees of any nature payable to LMG under any provision of this Agreement
shall, in addition to any and all other requirements for payment, be payable to
LGM if and only to the extent the investment in Company upon which the
compensation is to be based was made by an Investor first introduced to Company
by LMG and LMG participated in substantive discussions and negotiations relating
to the closing of said investment .

    

    LGM’s
sole compensation under this Agreement is stated herein. Any expenses incurred
by LGM in its performance of this Agreement or by third parties engaged by LGM
with relation to this Agreement shall be borne by LGM.

    

    4.  FURTHER
REPRESENTATIONS AND AGREEMENTS OF THE COMPANY

    

    The
Company further represents and agrees that (i) it is authorized to enter into
this Agreement and to carry out the offering contemplated hereunder and this
Agreement constitutes a legal, valid and binding obligation of the Company,
enforceable in accordance with its terms, (ii) the Company’s management will be
reasonably available to Legend, its agents, auditors, counsel, officers and
directors to discuss the Company and the Company’s business, at mutually
agreeable times and locations, (iii) the Company will deliver to Legend at the
closing of the Placement: (a) a certificate, from Company and executed on its
behalf by both its President and Treasurer, to the effect that the PPM does not,
to its knowledge, contain any substantially untrue statement of material fact or
fail to state any material fact required to be stated therein or necessary to
make the material statements therein true in light of the circumstances in which
they were made, and (b) all necessary corporate approvals have been obtained to
enable the Company deliver the stock issuable in accordance with the terms of
the Placement and any Common stock issuable upon exercise of the
Warrants.

    

    6.  FURTHER
REPRESENTATIONS AND AGREEMENTS OF LEGEND

    

    LGM
represents and agrees  (i) it will comply with all applicable rules
and regulations: (a) in connection with the sale of Stock in the
Placement and (b) with regard to all services it provides to or on behalf
of Company, (ii) LGM’s  management will be reasonably available to
Company, its agents, auditors, counsel, officers and directors to discuss the
Placement and LGM’s services under this Agreement, at mutually agreeable times
and locations, and (iii) it is authorized to enter into this Agreement and to
carry out the offering contemplated hereunder and this Agreement constitutes a
legal, valid and binding obligation of the Company, enforceable in accordance
with its terms.

    

    
      	
              7. 
      FUTURE PRIVATE OFFERINGS/BUSINESS DEVELOPMENT
  OPPORTUNITIES

            

    

    

    If,
during a period of twelve (12) months after the date of this Agreement, the
Company intends to retain a lead manager and book runner or exclusive placement
agent in connection with any Rule 144A offering, private placement or PIPE
offering (“Financings”) that may be undertaken by the Company,
the Company shall discuss that opportunity with LMG and allow LMG three (3)
business days to make an initial proposal to represent the Company in those
Financings.   In addition, if, during the term of this Agreement
and for a period of twelve (12) months after the date of this
Agreement,  the Company intends to engage an investment banker to
assist the Company in its business development activities or in connection with
merger and acquisition activities, the Company shall discuss that
opportunity  with LMG and allow LMG three (3) business days to make an
initial proposal to represent the Company in those business development and
merger and acquisition activities.

    
      
        
           

          
            

          

          

        

         

      

      
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    8.   INDEMNIFICATION AND
DISCLOSURE

    

    LMG and
the Company have entered into a separate letter agreement, dated the date
hereof, and
attached as Exhibit A hereto, providing for the indemnification of LMG by
the Company and of the Company by LMG in connection with LMG’s engagement
hereunder, the terms of which are incorporated into this agreement in their
entirety.

    

    The
Company recognizes and confirms that LMG in acting pursuant to this engagement
will be using publicly available information and information in reports and
other materials provided by or on behalf of the Company by its agents and that
LMG does not assume responsibility for and may rely, without independent
verification, on the accuracy and completeness of any Company provided
information.  The Company agrees to furnish or cause to be furnished
to LMG all reasonably necessary or appropriate non-confidential information for
use in its engagement and hereby warrants that any information relating to the
Company that is furnished to LMG by or on behalf of the Company, will be, to its
knowledge, true and correct in all material respects and not materially
misleading given the context in which said information is presented by Company.
LGM agrees to hold in confidence and not disclose, use or permit to be used any
confidential information provided by Company to LGM, its employees, directors,
officers or agents without the written consent of Company

    

    LMG may
not, without its prior written consent, be quoted or referred to in any written
document, release or communication prepared, issued or transmitted by the
Company (including any entity controlled by, or under common control with, the
Company and any director, officer, employee or agent thereof).  The
Company may not, without its prior written consent, be quoted or referred to in
any written document, release or communication prepared, issued or transmitted
by the LMG (including any entity controlled by, or under common control with,
LMG and any director, officer, employee or agent thereof). LMG hereby warrants
that any information relating to Company, its operations or this Agreement which
is secured from a source other than Company and provided to third parties by
LMG, its agents or by others at LMG’s request will be materially true, correct
and complete. Further, LGM warrants that any information provided to it by
Company will be used by LGM and its agents only for the purpose and in the
context for which it was provided, that LGM’s representation of said information
will be a true and correct and that LGM shall not through omission or otherwise
use said information in any manner so as to present an untrue or misleading
representation of Company.

    

    Following
closing of the Placement, LMG shall have the right to place advertisements in
financial and other newspapers and journals at its own expense describing its
services to the Company hereunder; subject to prior written approval of the
Company, which will not be unreasonably withheld.

    

    9.   LEGAL
JURISDICTION

    

    This
Agreement is governed by the laws of the State of New York, without regard to
such state’s rules concerning conflicts of law, and will be binding upon and
inure to the benefit of the Company and LMG and their respective successors and
assigns.  The Company and LGM also hereby submits to the jurisdiction
of the state and federal courts located in New York County, New York in any
proceeding arising out of or relating to this Agreement, agrees not to commence
any suit, action or proceeding relating thereto except in such courts, and
waives, to the fullest extent permitted by law, the right to move to dismiss or
transfer any action brought in such court on the basis of any objection to
personal jurisdiction, venue or inconvenient forum.  This Agreement
may be executed in two or more counterparts, each of which shall be deemed to be
an original, but all of which shall constitute one and the same
agreement.

    
      
        
           

          
            

          

          

        

         

      

      
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    The
Company and LGM further agree to accept and acknowledge services of any and all
process which may be served in any such suit, action or proceeding in the State
of New York and agree that service of process upon it mailed by certified mail,
return receipt requested,  to its address shall be deemed in every
respect effective service of process upon it in any such suit, action or
proceeding.

    

    LMG will
act under this Agreement as an independent contractor with duties solely to the
Company. The Company acknowledges that LMG and its affiliates may have and may
in the future have investment banking and other relationships with parties other
than the Company, which parties may have interests with respect to this
placement.  Although LMG in the course of such other relationships may
acquire information about the placement, potential purchasers of the Securities
or such other parties, LMG shall have no obligation to disclose such information
to the Company or to use such information on behalf of the
Company.  Furthermore, the Company acknowledges that LMG may have
fiduciary or other relationships whereby LMG may exercise voting power over
securities of various persons, which securities may from time to time include
securities of the Company or of potential purchasers of the stock or others with
interests in respect of the placement.  The Company acknowledges that
LMG may exercise such powers and otherwise perform its functions in connection
with such fiduciary or other relationships without regard to its relationship to
the Company hereunder. Provided however, that LMG’s obligations shall remain in
full force and effect.

    LMG is a
full service securities firm engaged in securities trading and brokerage
activities, as well as providing investment banking, financing and financial
advisory services.  In the ordinary course of our trading, brokerage
and financing activities, LMG or its affiliates may at any time hold long or
short positions, and may trade or otherwise effect transactions, for our own
account or the accounts of customers, in debt or equity securities or senior
loans of the Company.

    

    Notwithstanding
any provision herein to the contrary, LGM and its agents shall not use or
disclose directly or indirectly any non-public information secured in
anticipation of, during or as a result of this Agreement for its benefit or for
the benefit of any third party.

    

    10. MISCELLANEOUS

    

    Governing
Law.  This Agreement and the transactions contemplated hereby
shall be governed in all respects by the laws of the State of New York, without
giving effect to its conflict of law principles.

    

    Counterparts.  This
Agreement may be executed in any number of counterparts each of which shall be
deemed an original and all of which together shall constitute one and the same
instrument.

    

    Notices.  Whenever
notice is required to be given pursuant to this Agreement, such notice shall be
in writing and shall either be (i) mailed by first class mail, postage, prepaid,
return receipt requested and  addressed (a) if to Legend, Legend
Merchant Group, Inc., 30 Broad Street, 38th Floor,
New York, NY 10004; and (b) if to the Company, Dais Analytic Corporation, 11552
Prosperous Drive, Odessa, FL 33556 or (ii) delivered personally or by express
courier.  The notice shall be deemed given, if sent by mail, on the
fifth business day after deposit in a United States post office receptacle, or
if delivered personally or by express courier, then upon receipt.

    

    Amendments.  This
Agreement may not be amended, modified or waived, except in a writing signed by
all of the parties hereto.

    

    Rights
After Termination.  If, the Company issues
securities to a person or entity introduced to the Company by Legend within 12
months after the date of this Agreement, the Company shall pay the cash portion of the remuneration described in Section 4
above with respect to the
proceeds invested by that person or entity and such payment shall be
made within a reasonable
period after the closing of the sale of the securities to such person or
entity.  For purposes
of this Section, the parties, within five (5) business days of
the termination of this Agreement, shall agree upon and  attach to
this Agreement a list of all persons and entities who, during the term of this
Agreement, meet the requirements for remuneration or compensation under this
Agreement. All representations made by LGM herein and its obligations relative
to confidentiality shall survive termination or expiration of this
Agreement.

    
      
        
           

          
            

          

          

        

         

      

      
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    If the
foregoing correctly sets forth the understanding and agreement between LMG and
the Company, please so indicate in the space provided for that purpose below,
together with the enclosed duplicate original, and return one (1) of these
originals to us, whereupon this letter shall constitute a binding agreement as
of the date hereof.

    

    Agreed
and Accepted:

    

    Legend
Merchant Group,
Inc.                                                                                                        Dais Analytic
Corporation

     

    
      
        	 	 	 	 	 
	
                /s/
      John Shaw

              	 	 	
                /s/
      Tim Tangredi

              	 
	
                Mr
      John
      Shaw                                                   

              	 	 	
                Mr.
      Tim Tangredi

              	 
	
                President
      & Co-Chairman

              	 	 	
                President/CEO

              	 
	 	 	 	 	 
	Dated:
      October 15, 2007	 	 	Dated:
      October 16, 2007 	 

      

     

    
 

    

    
      
        
           

          
            

          

          

        

         

      

      
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     Exhibit
A

    

    Ladies
and Gentlemen:

    

    In
connection with the engagement of Legend Merchant Group, Inc. (“LMG”) to advise
and assist Dais Analytic Corporation (the “Company”) with the subject matter in
the letter agreement dated the date hereof between LMG and the Company, the
Company agrees to indemnify and hold harmless LMG and its affiliates and their
respective directors, officers, agents and employees and each other person
controlling LMG or any of LMG’s affiliates (collectively, the “LGM Indemnified
Parties”), to the full extent lawful, from and against any losses, expenses,
claims or proceedings (collectively, “Losses”) (i) related to or arising out of
(A) materially untrue or misleading oral or written information provided by the
Company, its employees or other agents, which information either the Company or
LMG, at the Company’s written request or with the Company’s written consent and
in the context offered, provided to any actual or potential buyers, sellers,
investors or offerees and such information directly and primarily resulted in
said Losses , or (B) any material action or failure to act by the Company, its
directors, officers, agents or employees provided Company knew or should have
reasonably known such action or failure to act would result in Company
providing, or having LGM provide on its behalf, materially untrue or misleading
information to actual or potential buyers, sellers, investors or offerees given
the context in which the information was requested or presented by Company
and  provided such actions or failure to act were the direct and
primary cause of said Losses, or (ii) otherwise related to or arising out of
this engagement or any transaction or conduct in connection therewith and
resulting primarily from the Company’s negligence, bad faith or willful
misconduct, except that these clauses (i) and (ii) shall not apply with respect
to (x) any losses that resulted  from the negligence, bad faith or
willful misconduct of any Indemnified Parties, or (y) any amount paid in
settlement of claims without the Company’s written consent.

    

    LMG
agrees to indemnify and hold harmless Dais Analytic Corporation and its
affiliates and their respective directors, officers, agents, and employees and
each other person controlling Dais or any of  Dais’ affiliates
(collectively, the "Dais Indemnified Parties"), to the full extent lawful ,from
and against any Losses related to or arising out of (A) materially untrue or
misleading oral or written information about the Company, its employees,
directors, officers or agents, which information either the Company or its
employees did not provide to LMG, was known or should have been reasonably known
by LGM to be incorrect, was  not used by LGM or its agents in the
context for which it was provided or failed to include all information known or
provided to LGM, whether or not provided by Dais Indemnified Parties to LGM, and
as such was materially untrue or misleading, or (b) otherwise related to or
arising out of LMG's engagement or any transaction or conduct in connection
therewith and resulting primarily from LMG's negligence, bad faith, or willful
misconduct

    

    In no
event shall LMG be responsible to Dais Indemnified Parties for any amounts in
excess of the amount of the compensation actually paid by the Company to LMG (in
cash or otherwise) in connection with the engagement (exclusive of amounts paid
for reimbursement of expenses or paid under this agreement) Further, in no event
shall Company be responsible to LMG Indemnified Parties for any amounts under
the foregoing indemnity in excess of the funds received by Company due to
issuance of stock under the Placement .

    

    Promptly
after receiving notice of the commencement of any action or other proceeding in
respect of which indemnification or reimbursement may be sought hereunder, the
indemnified party will notify the indemnifying party  thereof; but the
omission or delay to notify   shall not relieve the indemnifying
party  from any obligation hereunder unless, and only to the extent
that, the indemnifying party has been prejudiced by such omission or
delay.  If any such action or other proceeding shall be brought
against any indemnified party, the indemnifying party shall, upon written notice
given reasonably promptly following indemnified party’s  notice to the
indemnifying party of such action or proceeding, be entitled to assume the
defense thereof at its expense with counsel chosen by the indemnifying party’s
and reasonably satisfactory to the indemnified parties; provided, however, that
any indemnified party may at its own expense retain separate counsel to
participate in such defense.  Notwithstanding the foregoing, such
indemnified party shall have the right to employ separate counsel at its own
expense and to control its own defense of such action or proceeding if, in the
reasonable opinion of counsel to

    
      
        
           

          
            

          

          

        

         

      

      
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    such
indemnified party, (i) there are legal defenses available to such indemnified
party or to other indemnified parties that are different from or additional to
those available to the Company, or (ii) a conflict or likely conflict exists
between the indemnifying party and such indemnified party that would make such
separate representation advisable; provided, however, that in no event shall the
indemnifying party be required to pay fees and expenses under this indemnity for
more than one counsel in any one legal action or group of related legal actions,
or fees and expenses that are not reasonable and customary.  The
indemnifying party agrees that it will not, without the prior written consent of
the indemnified party, which consent shall not be unreasonably withheld or
delayed, settle or compromise or consent to the entry of any judgment in any
pending or threatened claim, action or proceeding relating to the matters that
are the subject of LMG’s engagement (whether or not any Indemnified Party is a
party thereto) unless such settlement, compromise or consent includes an
unconditional release of the indemnified party from all liability arising or
that may arise out of such claim, action or proceeding.

    

    The
foregoing agreement is in addition to any rights LMG and Company may have at
common law or otherwise and shall be binding on and inure to the benefit of any
successors, assigns, and personal representatives of the Company, LGM, Dais
Indemnified Parties and each Indemnified Party.  This agreement is
governed by the laws of the State of New York, without regard to such state’s
rules concerning conflicts of laws.  Each of the parties hereto also
hereby submits to the jurisdiction of the state and federal courts located in
New York County, New York in any proceeding arising out of or relating to this
agreement, agrees not to commence any suit, action or proceeding relating hereto
except in such courts, and waives, to the fullest extent permitted by law, the
right to move to dismiss or transfer any action brought in such court on the
basis of any objection to personal jurisdiction, venue or inconvenient
forum.  Solely for purposes of enforcing this agreement, each party
hereby consents to personal jurisdiction, service of process and venue in any
court in which any claim or proceeding that is subject to this agreement is
brought against the other party.

    

    This
agreement shall remain in full force and effect notwithstanding the completion
or termination of the engagement.

     

    
    

     

    
      	 	Very truly
      yours,
	 	 
	 	Dais Analytic
      Corporation
	 	 
	 	 
	
               By:

            	/s/ Tim
      Tangredi
	 	Mr. Tim
      Tangredi
	 	President/CEO
	 	 
	 	 

    

     

     

    
       

    

    
      
        
           

          
            

          

          

        

         

      

      
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        Page 8 of
8STOCK
PURCHASE AND SALE AGREEMENT

          THIS
STOCK PURCHASE AGREEMENT (“Agreement”) is entered into this
1st day of December, 2005, by and among Bridger Web, Inc. (hereinafter referred
to as “Seller” and/or “Company”), a Montana corporation, and IC Places, Inc.
(hereinafter collectively referred to as “Buyer”), a Florida corporation.

          WHEREAS,
the Seller is in the business of designing Internet web pages; and 

          WHEREAS,
Luke Martin and Kevin McNew own all of the interests of Seller/Company,
including all shares of outstanding common stock; and

          WHEREAS,
Seller desires to sell the shares of the Company to Buyer, and Buyer desires to
purchase the shares of the Company, which comprise substantially all of the
Company’s assets, upon the terms and conditions set forth herein.

          NOW,
THEREFORE, in consideration of the mutual promises and
covenants contained herein, and for other good and valuable consideration, the
receipt, adequacy and sufficiency of which are hereby acknowledged, and subject
to the accuracy of the representations and warranties of the parties, the
parties hereto agree as follows:

I. 

SALE AND PURCHASE OF THE SHARES  

1.1     Sale
and Purchase. Subject to the terms and conditions hereof,
at the Closing (as defined in paragraph 1.2 below), Seller agrees to sell,
assign, transfer, convey and deliver to Buyer, and Buyer agrees to purchase
from Seller 50,000 Shares of the Company’s Common Stock, which shall constitute
100% of the issued and outstanding Shares of Common Stock of the Company.

1.2     Closing.
The purchase shall be consummated at a closing (“Closing”) to take place at on
611 Campus #380, oklando FC the 16 day of December, 2005, or
at such other time as may be mutually agreed upon by the parties.

1.3     Purchase
Price. The aggregate purchase price (“Purchase Price”)
for the sale of the Company to IC Places, Inc. shall be equal to $600,000.00
dollars in common shares of IC Places, Inc. The amount of shares comprising the
$600,000.00 purchase price will be calculated at the average price of the
shares of IC Places, Inc. during the first three weeks (15 business days) that
its stock is publicly traded. Thus, Closing cannot take place until at least
fifteen business days after IC Places, Inc. stock begins public trading. The
Seller shall receive the shares of IC Places, Inc. stock by the physical
delivery of certificates representing the shares to Mr. Martin and Mr. McNew at
the Closing set forth above. IC Places, Inc. will likewise receive the shares
of the Company at the time of Closing by delivery of certificates representing
the shares of the Company.

1.4     Sellers
Programming Commitment. After the transaction set forth
above has been completed, Seller agrees to allocate up to 40 hours per month to
IC Places, Inc., for two years from the date of Closing. Any additional time
requested by IC Places, Inc. would be bid on or billed at a reduced rate of
$30/hour.

          (a)     The
Forty (40) hours of programming work allocated may be adjusted depending on the
value at the time of IC Places Common Stock as set forth below.

          Assuming
the value of the stock is greater than $300,000 or has not declined by more
than 50% Seller would work the full 40 hours per month at no cost to IC Places,
Inc. Each percentage decline below $300,000 would reduce the 40 free hours by
one half percent. Example: if the stock was worth $200,000 or 33% below
$3000,000 Seller will reduce the hours by one half of 33%, or 16.5%, making the
total hours of free labor approximately 33 and a half. If the total value of
the stock is worth less than $35,000 Seller will not be required to provide any
free labor.

          The
following chart sets forth how the adjustment will occur.

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Value

  Of

  	
   

  	
  Percentage Decline In

  Value Below $300,000

  	
   

  	
  Percentage

  Decline in Hours

  	
   

  	
  Hourly Commitment

  Per Month

  
	
  

  	
   

  	
  

  	
   

  	
  

  	
   

  	
  

	
  $

  	
  300,000

  	
   

  	
   

  	
  0.00

  	
  %

  	
   

  	
  0.00

  	
  %

  	
   

  	
  40

  	
   

  
	
  $

  	
  250,000

  	
   

  	
   

  	
  16.67

  	
  %

  	
   

  	
  8.33

  	
  %

  	
   

  	
  36.67

  	
   

  
	
  $

  	
  200,000

  	
   

  	
   

  	
  33.33

  	
  %

  	
   

  	
  16.67

  	
  %

  	
   

  	
  33.33

  	
   

  
	
  $

  	
  150,000

  	
   

  	
   

  	
  50.00

  	
  %

  	
   

  	
  25.00

  	
  %

  	
   

  	
  30.00

  	
   

  
	
  $

  	
  100,000

  	
   

  	
   

  	
  66.67

  	
  %

  	
   

  	
  33.33

  	
  %

  	
   

  	
  26.67

  	
   

  
	
  $

  	
  50,000

  	
   

  	
   

  	
  83.33

  	
  %

  	
   

  	
  41.67

  	
  %

  	
   

  	
  23.33

  	
   

  
	
  $

  	
  35,000

  	
   

  	
   

  	
  —

  	
   

  	
   

  	
  —

  	
   

  	
   

  	
  0.00

  	
   

  

1.5     Other
Agreements. At the Closing, the indicated parties shall
execute and deliver the following additional Agreements.

II.

REPRESENTATIONS
AND WARRANTIES

2.1     Representations
and Warranties of Seller. Seller represents and warrant
to Buyer as follows:

          (a)     Title to the Shares. At Closing, Mr.
Martin and Mr. McNew shall own an aggregate of 50,000 Shares of Common Stock in
the Company (the “Shares”), free and clear of all liens, encumbrances, pledges,
claims, options, charges and assessments of any nature whatsoever, with full
right and lawful authority to transfer the Shares to Buyer. No person has any
preemptive rights or rights of first refusal with respect to any of the Shares.
There exists no voting Agreement, voting trust, or outstanding proxy with
respect to any of the Shares. There are no outstanding rights, options,
warrants, calls, commitments, or any other Agreements of any character, whether
oral or written, with respect to the Shares.

          (b)     Organization. The Company is a
corporation, validly existing and in good standing under the laws of the state
of Montana. The Company has all requisite corporate power and authority to own,
lease and operate its properties and to carry on its business. The Company is
duly qualified and in good standing in each jurisdiction where its ownership of
property or operation of its business requires qualification.

          (c)     Authorized Capitalization. The
authorized capitalization of the Company consists of 50,000 shares of capital
stock with a par value $.00 of which 0 shares have been issued and are
outstanding. The Shares have been duly authorized, validly issued, are fully
paid and non-assessable with no personal liability attaching to the ownership
thereof and were offered, issued, sold and delivered by the Company in
compliance with all applicable state and federal laws.

STOCK PURCHASE AGREEMENT 

BRIDGER WEB, INC. 

PAGE 2

          (d)     Authority. Seller has full power and
lawful authority to execute and deliver the Shares and to consummate and
perform the transaction contemplated hereby. This Agreement constitutes (or
shall, upon execution, constitute) a valid and legally binding obligation upon
Seller, enforceable in accordance with its terms. Neither the execution and
delivery of this Agreements by Seller or the consent hereto by Company, nor the
consummation and performance of the transaction contemplated thereby, conflicts
with, requires the consent, waiver or approval of, results in a breach of or
default under, or gives to others any interest or right of termination,
cancellation or acceleration in or with respect to, any Agreement by which
Seller/Company is a party or by which Seller or the Company or any of their
respective properties or assets are bound or affected.

          (e)     No Undisclosed Liabilities. For the
reasons set out above, there are no liabilities for which the Company is liable
or will become liable in the future.

          (f)     Authorizations. The Company has no
licenses, permits, approvals and other authorizations from any governmental
agencies and any other entities that are necessary for the conduct of its
business.

          (g)     No Litigation. There are no actions,
suits, claims, complaints or proceedings pending or threatened against the
Company, at law or in equity, or before or by any governmental department,
commission, court, board, bureau, agency or instrumentality; and there are no
facts which would provide a valid basis for any such action, suit or
proceeding. There are no orders, judgments or decrees of any governmental
authority outstanding that specifically apply to the Company or any of its
assets.

2.2
     Representations and Warranties of Buyer. Buyer
represents and warrants to Seller as follows:

          (a)     Authority. Buyer has full power and
lawful authority to execute this Agreement and to consummate and perform the
transaction contemplated hereby. The Agreement constitutes (or shall, upon
execution, constitute) a valid and legally binding obligation upon Buyer,
enforceable in accordance with their terms. Neither the execution and delivery
of the Agreement by Buyer, nor the consummation and performance of the
transaction contemplated hereby, conflicts with, requires the consent, waiver
or approval of, results in a breach of or default under, or gives to others any
interest or right of termination, cancellation or acceleration in or with
respect to, any Agreement by which Buyer are party or by which Buyer or any of
their properties or assets are bound or affected.

          (b)     Investment Intent. Buyer is acquiring
the Shares for its own account, for investment purposes only, and with a view
to the sale or distribution of any part thereof, and Buyer has a present
intention of selling, granting participation in, or otherwise distributing the
same provided however that nothing represented hereby shall be interpreted as
to preclude Buyer from engaging in and making the transfers necessary to
accomplish a re-organization of the Company subsequent to closing. Buyer
understands the specific risks related to an investment in the Shares,
especially as it relates to the financial performance of the Company.

STOCK PURCHASE AGREEMENT 

BRIDGER WEB, INC. 

PAGE 3

III.

COVENANTS

3.1     Covenants
of Seller. Seller covenants and agrees that from the date
hereof to the Closing without the prior written consent of Buyer:

          (a)     Ordinary Course of Business. Seller
will operate the business of the Company only in the ordinary course and will use
their best efforts to preserve the Company’s business, organization, goodwill
and relationships with persons having business dealings with them.

          (b)     Maintain Books. Seller will cause the
Company to maintain its books, accounts and records in the usual, regular
ordinary and sound business manner and in accordance with generally accepted
accounting principles applied on a basis consistent with past practices.

          (c)     No Amendments. Seller will not permit
the Company to amend its corporate charter or bylaws (or similar documents)
without prior consent of Buyer and will cause the Company to maintain its
corporate existence, licenses, permits, powers and rights in full force and
effect.

          (d)     No Disposition or Encumbrance. Seller
will not permit the Company to (1) dispose of or encumber any of its properties
and assets, (2) discharge or satisfy any lien or encumbrance or pay any
obligation or liability (fixed or contingent) except for previously scheduled
repayment of debt, (3) cancel or compromise any debt or claim, (4) transfer or
grant any rights under any concessions, leases, licenses, agreements, patents,
inventions, proprietary technology or process, trademarks, service marks or
copyrights, or with respect to any know-how, or (5) enter into or modify in any
material respect or terminate any existing license, lease, or contract.

          (e)     No Securities Issuances. Seller will
not permit the Company to issue any shares of any class of capital stock, or
enter into any contract, option, warrant or right calling for the issuance of
any such shares of capital stock, or create or issue any securities convertible
into any securities of the Company except for the transaction contemplated
herein.

IV. 

CONDITIONS
PRECEDENT TO THE OBLIGATIONS OF BUYER TO CLOSE

The obligation of Buyer to close the Transaction
contemplated hereby is subject to the fulfillment by Seller prior to Closing of
each of the following conditions, which may be waived in whole or in part by
Buyer:

4.1     Compliance
with Representations Warranties and Covenants. The
representations and warranties of Seller/Company contained in this Agreement
shall have been true and correct when made and shall be true and correct as of
the Closing with the same force and effect as if made at the Closing.
Seller/Company shall have performed all Agreements, covenants and conditions
required to be performed by it prior to the Closing.

STOCK PURCHASE AGREEMENT 

BRIDGER WEB, INC. 

PAGE 4

4.2     No
Legal Proceedings. No suit, action or other legal or
administrative proceeding before any court or other governmental agency shall
be pending or threatened seeking to enjoin the consummation of the transaction
contemplated hereby.

4.3     Documents
to be Delivered by Seller/Company. Seller shall have
delivered the following documents:

          (a)     Stock
certificates representing all of the Shares, duly endorsed to Buyer and in
blank or accompanied by duly executed stock powers with medallion;

          (b)     A
copy of (I) the Certificate of Incorporation of the Company, certified as
correct by the Company; and (ii) the Bylaws of the Company certified as correct
by the Company (iii) a Certificate of Good Standing dated within 30 days of the
date of closing;

          (c)     All
corporate and other records of or applicable to the Company included but not
limited to, current and up-to-date minute books, stock transfer books and
registers, books of account, leases and material contracts; and

          (d)     Such
other documents or certificates as shall be reasonably required by Buyer or its
counsel in order to close and consummate this Agreement.

V.

CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SELLER TO CLOSE 

The obligation of Seller/Company to close this
transaction are subject to the fulfillment prior to Closing of each of the
following conditions, any of which may be waived in whole or in part by
Seller/Company:

5.1     Compliance
with Representations, Warranties and Covenants. The
representations and warranties made by Buyer in this Agreement shall have been
true and correct when made and shall be true and correct in all material
respects at the Closing with the sales force and effect as if made at the
Closing, and Buyer shall have performed all Agreements, covenants and
conditions required to be performed by Buyer prior to the Closing.

5.2     No
Legal Proceedings. No suit, action or other legal or
administrative proceedings before any court or other governmental agency shall
be pending or threatened seeking to enjoin the consummation of the transaction
contemplated hereby.

STOCK PURCHASE AGREEMENT 

BRIDGER WEB, INC. 

PAGE 5

5.3     Payments/Documents
to be Delivered by Seller/Company. Buyer shall have
delivered the following documents:

          (a)     Stock
certificates representing the Shares of IC Places, Inc., in number as set forth
in Section 1.3 herein, duly endorsed to Luke Martin and Kevin McNew and in
blank or accompanied by duly executed stock powers with medallion;

          (b)     A
copy of (I) the Certificate of Incorporation of IC Places, Inc., certified as
correct by the Company; and (ii) the Bylaws of IC Places, Inc. certified as
correct by IC Places, Inc. (iii) a Certificate of Good Standing for IC Places,
Inc. dated within 30 days of the date of closing;

          (c)     Such
other documents or certificates as shall be reasonably required by Seller or
its counsel in order to close and consummate this Agreement.

VI.

MODIFICATION,
WAIVERS, TERMINATION AND EXPENSES

6.1     Modification
and Waiver. This Agreement may not be amended, modified
or supplemented except by written agreement signed by the party against which
enforcement of the amendment, modification or supplement is sought. No waiver
of any of the provisions of this Agreement shall be deemed or shall constitute
a waiver of any other provision. Buyer and Company/Seller may in writing extend
the time for or waive compliance by the other with any of the covenants or
conditions of the other contained herein. No waiver shall be binding unless
executed in writing by the party making the waiver.

6.2     Termination
and Abandonment. This Agreement may be terminated and the
purchase of the Shares may be abandoned before the Closing:

          (a)     By
the mutual consent of Seller/Company and Buyer;

          (b)     By
Buyer, if the representations and warranties of Seller/Company set forth herein
shall not be accurate, or the conditions precedent set forth in Article IV
shall have not have been satisfied, in all material respects; or

          (c)     By
Seller/Company, if the representations and warranties of Buyer set forth herein
shall not be accurate, or the conditions precedent set forth in Article V shall
not have been satisfied in all material respects.

Termination shall be effective on the date of receipt
of written notice specifying the reasons therefore.

VII.

MISCELLANEOUS

7.1     Representations
and Warranties to Survive. Unless otherwise provided, all
of the representations and warranties contained in this Agreement and in any
certificate, exhibit or other documents delivered pursuant to this Agreement
shall survive the Closing.

STOCK PURCHASE AGREEMENT 

BRIDGER WEB, INC. 

PAGE 6

7.2     Binding
Effect of the Agreement. This Agreement and the
certificates and other instruments delivered by or on behalf of the parties
pursuant thereto, constitute the entire Agreement between the parties. The
terms and conditions of the Agreement shall inure to the benefit of and be
binding upon the respective heirs, legal representatives, successor and assigns
of the parties hereto. Nothing in the Agreement, expressed or implied, confers
any rights or remedies upon any party other than the parties hereto and their
respective heirs, legal representatives and assigns. This Agreement and stock
certificates supersede all prior agreements, oral and written, between the
parties to this Agreement.

7.3     Applicable
Law/Attorney Fees. This Agreement is made pursuant to the
laws of the State of Montana. The parties agree that this Agreement is to be
construed and enforced according to the laws of the State of Montana and that
jurisdiction lies with the Eighteenth Judicial District Court, Gallatin County,
Montana. In the event that either party incurs costs and attorneys fees in
enforcing this Agreement, the prevailing party is entitled to reimbursement of
such costs and attorney fees.

7.4     Mediation.
The parties are committed to avoiding resort to the legal process if at all
possible. To this end, they agree to employ the services of an impartial
mediator(s) if they are unable to reach a timely agreement between themselves
in the event a dispute involving this agreement arises at any time in the
future.

7.5     Notices.
All notices, requests, demands and other publications
hereunder shall be in writing and will be deemed to have been duly given when
delivered or mailed, first class postage prepaid:

(a) If to Seller, to: 

Name: Luke Martin 

1627 W. Main St., #444 

Bozeman,MT 59715

(b) If to Buyer, to: 

Steven Samblis, Chairman 

1C Places, Inc.

611 Campus Street, Suite 380 

Celebration, Florida 34747

These addresses may be changed from time to time by
written notice to the other parties.

7.6     Headings.
The headings contained in this Agreement are for reference only and will not
affect in any way the meaning or interpretation of this Agreement.

7.7     Severability.
If any one or more of the provisions of this Agreement shall, for any reason,
be held to be invalid, illegal or unenforceable under applicable law this
Agreement shall be construed as if such invalid, illegal or unenforceable
provision had never been contained herein. The remaining provisions of this
Agreement shall be given effect to the maximum extent then permitted by law.

STOCK PURCHASE AGREEMENT 

BRIDGER WEB, INC. 

PAGE 7

IN WITNESS WHEREOF,
the undersigned parties hereto have duly executed this Agreement on the date
first written above. 

	
   

  	
   

  	
   

  
	
   

  	
  

  
	
   

  	
  

  
	
   

  	
  Buyer (IC Places, Inc.)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Steven Samblis, Chairman 

  IC Places, Inc. 

  611 Campus Street, Suite 380 

  Celebration, Florida 34747

  
	
   

  	
   

  
	
   

  	
  

  
	
   

  	
  

  
	
   

  	
  Seller (Bridger Web, Inc.)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Luke Martin

  
	
   

  	
   

  	
  1627 W. Main St., #444 

  Bozeman, MT 59715

  
	
   

  	
   

  
	
   

  	
  

  
	
   

  	
  

  
	
   

  	
  Seller (Bridger Web, Inc.)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Kevin McNew

  
	
   

  	
   

  	
  1627 W. Main St., #444 

  Bozeman, MT 59715

  

STOCK PURCHASE AGREEMENT 

BRIDGER WEB, INC.

PAGE
8

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