Document:

Exhibit 10.132

 

FIRST AMENDMENT TO THE

CONVERTIBLE PROMISSORY NOTE AND 

WARRANT PURCHASE AGREEMENT

 

This First Amendment to the Convertible
Promissory Note and Warrant Purchase Agreement (“Agreement”), dated as of July 9, 2014, between VG Life Sciences Inc.
(the “Company”) and DW Odell Company, LLC (“Investor”) is made and entered effective as of the August 14,
2014.

 

WITNESSETH:

 

WHEREAS, the Company and Investor
deem it necessary to remove reference to 50,000 shares of Series B Preferred Shares and a related section; and

 

WHEREAS, the parties hereto
deem it necessary and desirable to amend the Agreement pursuant to the terms of Section 1.1(c) and Section 4.3(iii-v) of the Agreement;
and

 

WHEREAS, the Company and Investor
have decided to amend the Agreement in certain respects as set forth below.

 

NOW, THEREFORE, in consideration of
the agreements contained herein and for other valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereto do hereby agree to amend the Agreement as follows:

 

1. The last sentence of Section 1.1(c)
is to be removed in its entirety to read:

 

(c) it will not be prepayable by
VGLS. Notwithstanding the foregoing, the Investor may convert all or any portion of the Notes, solely at the option of the Investor,
except that the lock up restrictions remain in effect. The maturity date for all notes shall be July 9, 2016.

 

2. Subsections 4.3 (iii), 4.3 (iv), and 4.3
(v) are to be removed in their entirety to read:

 

4.3 Board Actions. The Company
shall have delivered to the Investor resolutions duly adopted by the Company's Board of Directors and, to the extent required by
applicable law or by the Company's Articles of Incorporation, the Company's Shareholders, and certified by the Secretary of the
Company (i) approving and authorizing the Company's execution and delivery of this Agreement, the Notes and the Warrants,
and the Company's performance thereunder, and (ii) authorizing the reservation of a sufficient number of shares of the Company's
Common Stock to permit the conversion of the Notes and to permit the exercise of the Warrants.

 

 

Acknowledged and agreed:

 

 

VG Life Sciences Inc.

 

 

/s/ Haig Keledjian

By: Haig Keledjian

Title: Chairman

 

DW Odell Company, LLC

 

 

/s/ David Odell

By: David Odell

Title: Managing Memberex10-1.htm

Exhibit 10.1

 

EMPLOYMENT AGREEMENT CANCELATION AND RELEASE

This employment agreement cancelation and release (the “Agreement”), dated as of September 9, 2014 (the “Effective Date”), is entered by Bitcoin Shop, Inc., a Nevada corporation (the “Company”), and Timothy Andrew Sidie (the “Executive” and collectively with Company, the “Parties”).

WHEREAS, on February 5, 2014, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement” and the transaction, the “Share Exchange”) with BitcoinShop.us, LLC, a Maryland limited liability company (“Bitcoin LLC”);

 

WHEREAS, in connection with the Share Exchange, the Company and Executive entered into an employment agreement dated as of February 5, 2014 (the “Employment Agreement”) whereby Executive agreed to serve as the Company’s Chief Technical Officer; and

 

WHEREAS, the Company and the Executive further desire to cancel the Employment Agreement, resulting in the Executive becoming an “at will” employee of the Company, subject to the terms of this Agreement.

 

NOW, THEREFORE, in consideration of the mutual conditions and covenants contained in this Agreement, and for other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, it is hereby stipulated, consented to, and agreed by and between the Parties as follows:

1. Cancellation of Employment Agreement.  On the Effective Date, the Company and the Executive hereby agree that the Employment Agreement shall be cancelled and of no further force or effect and the Company shall have no obligation to the Executive under the terms of the Employment Agreement.  Executive acknowledges that as of the Effective Date, Executive is an “at-will” employee of the Company.  Notwithstanding the foregoing, the Executive confirms and acknowledges that Section 8 of the Employment Agreement shall survive the termination of the Employment Agreement.

2. Limited Release. The Executive hereby releases and discharges Company and  its heirs, executors, administrators, parent company, holding company, subsidiaries, successors, assigns, predecessors, past and present, officers, directors, principals, control persons, past and present employees and registered representatives, insurers, representatives, and attorneys (the “Releasees”), from and against any and all actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity, against Releasees, that the Executive, on its own behalf and on behalf of its heirs, executors, administrators, successors and assigns ever had, now have or hereafter can, shall or may, have for, upon, or by reason of the Employment Agreement, and any and all matters related thereto, whether or not known or unknown.  The Release provided in this Paragraph 2 shall be effective on the Effective Date.

  

-1-

  

3. No assignment.  The Executive represents and warrants that no other person or entity has any interest in the matters released herein, and that he has not assigned or transferred, or purported to assign or transfer, to any person or entity all or any portion of the matters released herein.

4. Fees and Expenses.  Each party shall be responsible for his or its own attorneys’ fees and costs.

5. Reliance.  The Parties acknowledge and represent that:  (a) they have read the Agreement; (b) they clearly understand the Agreement and each of its terms; (c) they fully and unconditionally consent to the terms of this Agreement; (d) they have had the benefit and advice of counsel of their own selection; (e) they have executed this Agreement, freely, with knowledge, and without influence or duress; (f) they have not relied upon any other representations, either written or oral, express or implied, made to them by any person; and (g) the consideration received by them has been actual and adequate.

6. Entire Agreement.  This Agreement contains the entire agreement and understanding concerning the subject matter hereof between the parties and supersedes and replaces all prior negotiations, proposed agreement and agreements, written or oral.  Each of the parties hereto acknowledges that none of the parties hereto, agents or counsel of any party, has made any promise, representation or warranty whatsoever, express or implied, not contained herein concerning the subject hereto, to induce it to execute this Agreement and acknowledges and warrants that it is not executing this Agreement in reliance on any promise, representation or warranty not contained herein.

7. Amendments.  This Agreement may not be modified or amended in any manner except by an instrument in writing specifically stating that it is a supplement, modification or amendment to the Agreement and signed by each of the Parties hereto against whom such modification or amendment shall be claimed to be effective.

8. Enforceability.  Should any provision of this Agreement be declared or be determined by any court or tribunal to be illegal or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term or provision shall be severed and deemed not to be part of this Agreement.

9. Governing Law.  This Agreement shall be governed, interpreted, and construed in accordance with the laws of the State of New York.

10. Counterparts.  This Agreement may be executed in facsimile counterparts, each of which, when all parties have executed at least one such counterpart, shall be deemed an original, with the same force and effect as if all signatures were appended to one instrument, but all of which together shall constitute one and the same Agreement.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

-2-

  

 

IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first indicated above.

 

	BITCOIN SHOP, INC.	TIMOTHY ANDREW SIDIE
	 	 
	By:  /s/ Charles Allen	/s/ Timothy Andrew Sidie
	Name:  Charles Allen	 
	Title:  Chief Executive Officerex10-2.htm

Exhibit 10.2

 

EMPLOYMENT AGREEMENT CANCELATION AND RELEASE

This employment agreement cancelation and release (the “Agreement”), dated as of September 9, 2014 (the “Effective Date”), is entered by Bitcoin Shop, Inc., a Nevada corporation (the “Company”), and Charles W. Allen (the “Executive” and collectively with Company, the “Parties”).

WHEREAS, on February 5, 2014, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement” and the transaction, the “Share Exchange”) with BitcoinShop.us, LLC, a Maryland limited liability company (“Bitcoin LLC”);

 

WHEREAS, in connection with the Share Exchange, the Company and Executive entered into an employment agreement dated as of February 5, 2014 (the “Employment Agreement”) whereby Executive agreed to serve as the Company’s Chief Executive Officer and Chief Financial Officer; and

 

WHEREAS, the Company and the Executive further desire to cancel the Employment Agreement, resulting in the Executive becoming an “at will” employee of the Company, subject to the terms of this Agreement.

 

NOW, THEREFORE, in consideration of the mutual conditions and covenants contained in this Agreement, and for other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, it is hereby stipulated, consented to, and agreed by and between the Parties as follows:

1. Cancellation of Employment Agreement.  On the Effective Date, the Company and the Executive hereby agree that the Employment Agreement shall be cancelled and of no further force or effect and the Company shall have no obligation to the Executive under the terms of the Employment Agreement.  Executive acknowledges that as of the Effective Date, Executive is an “at-will” employee of the Company.  Notwithstanding the foregoing, the Executive confirms and acknowledges that Sections 8 and 9 of the Employment Agreement shall survive the termination of the Employment Agreement.

2. Limited Release. The Executive hereby releases and discharges Company and  its heirs, executors, administrators, parent company, holding company, subsidiaries, successors, assigns, predecessors, past and present, officers, directors, principals, control persons, past and present employees and registered representatives, insurers, representatives, and attorneys (the “Releasees”), from and against any and all actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity, against Releasees, that the Executive, on its own behalf and on behalf of its heirs, executors, administrators, successors and assigns ever had, now have or hereafter can, shall or may, have for, upon, or by reason of the Employment Agreement, and any and all matters related thereto, whether or not known or unknown.  The Release provided in this Paragraph 2 shall be effective on the Effective Date.

 

  

-1-

  

 

3. No assignment.  The Executive represents and warrants that no other person or entity has any interest in the matters released herein, and that he has not assigned or transferred, or purported to assign or transfer, to any person or entity all or any portion of the matters released herein.

4. Fees and Expenses.  Each party shall be responsible for his or its own attorneys’ fees and costs.

5. Reliance.  The Parties acknowledge and represent that:  (a) they have read the Agreement; (b) they clearly understand the Agreement and each of its terms; (c) they fully and unconditionally consent to the terms of this Agreement; (d) they have had the benefit and advice of counsel of their own selection; (e) they have executed this Agreement, freely, with knowledge, and without influence or duress; (f) they have not relied upon any other representations, either written or oral, express or implied, made to them by any person; and (g) the consideration received by them has been actual and adequate.

6. Entire Agreement.  This Agreement contains the entire agreement and understanding concerning the subject matter hereof between the parties and supersedes and replaces all prior negotiations, proposed agreement and agreements, written or oral.  Each of the parties hereto acknowledges that none of the parties hereto, agents or counsel of any party, has made any promise, representation or warranty whatsoever, express or implied, not contained herein concerning the subject hereto, to induce it to execute this Agreement and acknowledges and warrants that it is not executing this Agreement in reliance on any promise, representation or warranty not contained herein.

7. Amendments.  This Agreement may not be modified or amended in any manner except by an instrument in writing specifically stating that it is a supplement, modification or amendment to the Agreement and signed by each of the Parties hereto against whom such modification or amendment shall be claimed to be effective.

8. Enforceability.  Should any provision of this Agreement be declared or be determined by any court or tribunal to be illegal or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term or provision shall be severed and deemed not to be part of this Agreement.

9. Governing Law.  This Agreement shall be governed, interpreted, and construed in accordance with the laws of the State of New York.

10. Counterparts.  This Agreement may be executed in facsimile counterparts, each of which, when all parties have executed at least one such counterpart, shall be deemed an original, with the same force and effect as if all signatures were appended to one instrument, but all of which together shall constitute one and the same Agreement.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

-2-

  

 

IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first indicated above.

 

	BITCOIN SHOP, INC.	CHARLES W. ALLEN
	 	 
	By: /s/ Michal Handerhan	/s/ Charles W. Allen
	Name:  Michal Handerhan	 
	Title:  Chief Operating Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}]]