Document:

Exhibit 10.1

 

BOARD OF DIRECTORS 

RETAINER AGREEMENT

THIS BOARD OF DIRECTORS RETAINER AGREEMENT (the “Agreement”) is made as of November 2nd, 2018, by and between Rokk3r Inc., a Nevada Corporation (the “Company”) and Salim Ismail (the “Director”) (collectively, the “Parties”). 

WHEREAS, the Company desires to retain the Director to serve as a member of the Board of Directors of the Company, and the Director desires to serve as a member of the Board of Directors of the Company, on the terms and subject to the conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the promises and obligations herein, and other good and valuable consideration, the validity and sufficiency of which are hereby acknowledged, the Parties agree as follows: 

	1.	
Director Arrangement. The Company hereby agrees to engage the Director, and the Director hereby agrees to serve as a member of the Board of Directors to the Company in accordance with the Company’s Articles of Incorporation and Bylaws, on the terms and subject to the conditions of this Agreement, and to provide the services required of a Director under the Company’s Articles of Incorporation and Bylaws. The Director will serve as a non-employee independent member of the Board of Directors of the Company (the “Board”) and shall do so in accordance with the fiduciary duties of a director of a Nevada corporation until December 31st, 2022.

	2.	
Term. The term of the Director’s service under this Agreement (the “Term”) shall commence on the date hereof and shall expire pursuant to Section 5 hereof.

	3.	
Compensation. As compensation for the services, the Director will receive 1,000,000 shares of the Company’s restricted $0.0001 par value per share common stock (the “Shares”), with 25% of such Shares vesting at the end of each calendar year, first vesting period ending on December 31st, 2019, as long as the Director is a member of the Board of Directors and continues to fulfill his duties and provide the services set forth above during the corresponding vesting period. Notwithstanding the foregoing, if this Agreement is early terminated, at any time after the first vesting period, Director will continue to earn the Shares in the agreed upon quantity; however, the vesting period of the remaining Shares will move to the end of the fourth calendar year (December 31st, 2022). The Board, at its discretion, may at any time accelerate the vesting period specified in this Paragraph 3.

The Shares are intended to be exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act,”) pursuant to Section 4(a)(2) thereof and shall bear a “restrictive legend.” In connection with the acquisition of the Shares, the Director represents and warrants to the Company that (i) he will not sell or otherwise transfer the Shares without registration under the Securities Act or an exemption therefrom; (ii) he has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of his investment in the Shares and is able to bear such risks; and (iii) he is acquiring the Shares for the his own account, for investment purposes only and not with a view to distribute or resell such securities in whole or in part.

The Company shall not pay the Director any extra fee for each regularly scheduled meeting of the Board of Directors that the Director attends in person, nor for attending meetings telephonically. 

 

  

If the Director is designated to participate in a committee of the Board of Directors as either a chairperson or non-chairperson member, the Director will be entitled to receive compensation in addition to the compensation previously agreed, in amounts to be later approved by the Board at the moment of appointment.

	4.	
Status; Taxes

(a) Status of Director. Director shall be neither an employee nor an independent contractor of the Company or any of its affiliates and shall not be entitled to participate in any employee benefit plans or other benefits or conditions of employment available to the employees or independent contractors of the Company. Director shall have no authority to act as an agent of the Company, except on authority specifically so delegated, and he shall not represent to the contrary to any person.

 

(b) Taxes. It is intended that the fees paid hereunder shall constitute revenues to Director. To the extent consistent with applicable law, the Company will not withhold any amounts therefrom as federal income tax withholding from wages or as employee contributions under the Federal Insurance Contributions Act or any other state or federal laws. Director shall be solely responsible for the withholding and/or payment of any federal, state or local income or payroll taxes and shall hold the Company, its officers, directors and employees harmless from any liability arising from the failure to withhold such amounts. Notwithstanding the foregoing, if the Director is a resident of a foreign country the fee received for the services provided under this Agreement, is subject to US tax because services are considered rendered in the US; thus, the Company will act as a withholding agent liable for the tax. Such liability is independent of Director’s US tax liability.

	5.	
Termination. This Agreement and Director’s retention hereunder may be terminated by the Company or the Director for any reason upon 30 (thirty) days prior written notice; provided, however, that upon the Director’s appointment to the Board, the Director’s termination shall be in accordance with the Articles of Incorporation and Bylaws of the Company. In the event of a termination of the Term and the Director’s services hereunder, neither the Company nor the Director shall have any further obligations hereunder. 

	6.	
Entire Agreement/Prior Agreement. The provisions contained herein constitute the entire agreement between the parties with respect to the subject matter of this Agreement and supersede any and all prior agreements, understandings and communications between the Parties, oral or written, with respect to such subject matter. 

	7.	
Expenses. The Company shall reimburse Director for any reasonable expenses incurred by him in connection with the performance of his services hereunder; provided that such services were directed by the Company and any material expenses shall be subject to preapproval by the Company’s Chief Executive Officer or next most senior executive officer of the Company. 

	8.	
Modifications. Any waiver, alteration, amendment or modification of any provisions of this Agreement shall not be valid unless in writing and signed by the Parties. 

	9.	
Assignment. The Company may assign its rights and delegate its obligations under this Agreement to any successor-in-interest to its business. Except as provided in the previous sentence, neither party may assign any of its or his rights or delegate any of its or his duties under this Agreement without the consent of the other and any attempted assignment in violation of this provision shall be void.

 

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	10.	
Notice. All notices hereunder shall be sent to the following contacts for each of the Parties.  Either party may change the address to which notices, requests, demands, claims, and other communications under this Agreement are to be delivered by giving the other party notice in the manner herein set forth.  Proof of delivery may be made by any reasonable means establishing receipt of such notice:

For Company

c/o Rokk3r, Inc.

Attention: Carlos Escobar – Chief Operations Officer

2121 NW 2nd Ave Ste 203

Miami, FL 33127

Email: carlos@rokk3r.com

For Director:

Salim Ismail

Email: salim@salimismail.com

	11.	
Choice of Law. This Agreement shall be governed by and construed in accordance with the law of the State of Nevada, without regard to conflicts of laws principles thereof. 

	12.	
Counterparts. This Agreement may be executed in one or more counterparts, which shall, collectively and separately, constitute one agreement. 

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written. 

 

	
Rokk3r, Inc.

 

 

                         /s/Nabyl Charania                      

 

By: Nabyl Charania

Title: CEO

 

	 	
Director

 

                            /s/ Salim Ismail                            

 

By: Salim Ismail

3Exhibit 10.2

 

STOCK PURCHASE AGREEMENT

 

This Stock Purchase Agreement (this “Agreement”), made and entered into this November 2, 2018 (the “Execution Date”), between Rokk3r Inc., a Nevada corporation (the “Seller”) and ExO Foundation Inc., a Delaware public benefit corporation (the “Purchaser”). 

WHEREAS, the Seller has authorized the sale and issuance of 5,000,000 (five million) shares of the Seller’s restricted $0.0001 par value per share common stock (the “Selling Stock”), with the rights and restrictions set forth herein;

WHEREAS, the Seller wishes to issue and sell to the Purchaser, and the Purchaser wishes to purchase from the Seller, the Selling Stock, and in exchange for the consideration, Seller and Purchaser entered into a Simple Agreement for Future Equity with Token Allocation (the “Safe-T”) dated as of the date hereof. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

1. Purchase and Sale. 

1.1 Except as otherwise provided in this Agreement, all monetary amounts referred to in this Agreement are in USD (US Dollars).

1.2 The Seller has authorized the sale and issuance of 5,000,000 (five million) shares of the Seller’s restricted $0.0001 par value per share common stock.

1.3 The Seller agrees to sell and Purchaser agrees to purchase at the Closing, all the rights, title, interest, and property of the Selling Stock for the Purchase Amount.

2. Representation and Warranties of the Seller. In connection with the transactions contemplated by this Agreement, Seller, hereby represents and warrants to the Purchaser as follows:

2.1 The Seller is the owner in clear title of the Selling Stock and the Selling Stock is free of any lien, encumbrance, security interests, charges, mortgages, pledges, or adverse claim or other restriction that would prevent the transfer of clear title to the Purchaser.

2.2The Seller is not bound to any agreement that would prevent any transactions connected with this Agreement. 

2.3There is no legal action or suit pending against any party, to the knowledge of the Seller that would materially affect this Agreement. 

3.Representation and Warranties of the Purchaser. In connection with the transactions contemplated by this Agreement, Purchaser, hereby represents and warrants to the Seller as follows: 

3.1 Authorization. Purchaser has full power and authority to enter into this Agreement and to perform all obligations required to be performed by it hereunder. This Agreement, when executed and delivered by Purchaser, will constitute Purchaser’s valid and legally binding obligation, enforceable in accordance with its terms. 

3.2 Purchase Entirely for Own Account. Purchaser acknowledges that this Agreement is made with Purchaser in reliance upon Seller’s representation, which Purchaser confirms by executing this Agreement, that the Selling Stock will be acquired for investment for Purchaser’s own account, not as a nominee or agent (unless otherwise specified on Purchaser’s signature page hereto), and not with a view to the resale or distribution of any part thereof, and that Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same. 

 

  

3.3 Investment Experience. Purchaser is an investor in securities of companies in the development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the purchasing of the Selling Stock. 

3.4 Accredited Investor. Purchaser is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act. Purchaser agrees to furnish any additional information requested by the Seller to assure compliance with applicable U.S. federal and state securities laws in connection with the purchase and sale of the Securities. 

3.5 Restricted Securities. Purchaser understands that the Selling Stock have not been registered under the Securities Act or any state securities laws, by reason of specific exemptions under the provisions thereof which depend upon, among other things, the bona fide nature of the investment intent and the accuracy of each Purchaser’s representations as expressed herein. Purchaser understands that the Selling Stock are “restricted securities” under U.S. federal and applicable state securities laws and that, pursuant to these laws, Purchaser must hold the Selling Stock indefinitely unless they are registered with the Securities and Exchange Commission and registered or qualified by state authorities, or an exemption from such registration and qualification requirements is available. The Purchaser agrees to the imprinting, so long as is required by this Section 3.5, of a legend on any of the Selling Stock in substantially the following form: 

THE SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS AMENDED, NOR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS QUALIFIED AND REGISTERED UNDER APPLICABLE STATE AND FEDERAL SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH QUALIFICATION AND REGISTRATION ARE NOT REQUIRED. ANY TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS FURTHER SUBJECT TO OTHER RESTRICTIONS, TERMS AND CONDITIONS WHICH ARE SET FORTH HEREIN. THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES. 

3.6 No Public Market. Purchaser understands that no public market now exists for the Selling Stock. 

3.7No General Solicitation. Purchaser acknowledges that the Seller did not offered to sell the Securities to it by means of any form of general solicitation or advertising within the meaning of Rule 502 of Regulation D under the Securities Act or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act. 

3.8 Residence. If the Purchaser is a partnership, corporation, limited liability company or other entity, such Purchaser’s principal place of business is located in the state or province identified in the address shown on Purchaser’s signature page hereto. 

3.9 No Disqualification Events. With respect to the Selling Stock to be offered and sold hereunder, none of the Purchaser, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of Purchaser, any beneficial owner of 20% or more of the Purchaser’s outstanding voting equity securities, calculated on the basis of voting power (each, a “Covered Person” and, together, “Covered Persons”) is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Purchaser has exercised reasonable care to determine whether any Covered Person is subject to a Disqualification Event. The Purchaser has complied, to the extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Company a copy of any disclosures provided thereunder. 

 

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4. Closing. The closing of the purchase and sale of the Selling Stock (the “Closing”) will take place remotely via the exchange of documents and signatures on the date of this Agreement, or at such other time and place as the parties agree upon in writing (the “Closing Date”). 

5. Expenses, Dividends, and Voting Rights. 

5.1All parties agree to pay all their own costs and expenses in connection with this Agreement. 

5.2Any dividends earned by the Selling Stock and payable before the Closing will belong to the Seller, and any dividends earned by the Selling Stock after the Closing will belong to the Purchaser. 

5.3Any rights to vote attached to the Selling Stock will belong to the Seller before the closing and will belong to the Purchaser after the Closing. 

6. Restrictions on Transfer. During the 24 month period after the Effective Date (the “Lock-Up Period”), the Purchaser may not, directly or indirectly, sell or engage in any transaction which has resulted in or will result in a change in the beneficial or record ownership of 50% (fifty percent) of the Selling Stock held by Purchaser, including without limitation a voluntary or involuntary sale, assignment, transfer, pledge, hypothecation, encumbrance, disposal, loan, gift, attachment or levy,  enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of the Selling Stock, whether any such transaction is to be settled by delivery of the Selling Stock or other securities, in cash or otherwise; or publicly disclose the intention to do any of the foregoing ("Transfer"), except as provided in this Agreement. 

6.1 Right to Decline Transfer, Forfeit of Shares. The Seller and its transfer agent on its behalf are hereby authorized (a) to decline to register any transfer of securities if such transfer would constitute a violation or breach of this Agreement and (b) to imprint on any certificate representing the Selling Stock a legend describing the restrictions contained herein. In addition, in the event of a violation of the terms in respect of the Lock-Up Period, the amount of Selling Stock applicable to the event giving rise to such violation shall be forfeited, provided that, if the amount of Selling Stock held by the Purchaser is less than the amount of such applicable Selling Stock, Purchaser shall forfeit all remaining Selling Stock then held. 

7. Right of First Refusal. Each time the Purchaser proposes to Transfer (or is required by operation of law or other involuntary transfer) any or all of the Selling Stock standing in the Purchaser's name or owned by him during the term of this Agreement, the Purchaser shall first offer such Selling Stock to the Seller in accordance with the following provisions: 

7.1The Purchaser shall deliver a written notice (a "Notice") to the Seller stating (A) the Purchaser's bona fide intention to transfer such Selling Stock, (B) the name and the address of the proposed transferee, (C) the number of Selling Stock to be transferred, and (D) the purchase price per share and terms of payment for which the Purchaser proposes to transfer such shares. 

 

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7.2 Within 60 days after receipt of the Notice, the Seller or its designee shall have the first right to purchase or obtain such shares, upon the price and terms of payment designated in the Notice. If the Notice provides for the payment of non-cash consideration, the Seller at its option may pay the consideration in cash equal to the Seller's good faith estimate of the present fair market value of the noncash consideration offered. 

7.3 If the Seller or its designee elects not to purchase or obtain all of the shares designated in the selling Purchaser’s Notice, then the Purchase may transfer the Shares referred to in the Notice to the proposed transferee, providing such transfer (a) is completed within 30 days after the expiration of the Seller’s right to purchase or obtain such shares, and (b) is made at the price and terms designated in the Notice. If such shares are not so transferred, the Purchaser must give notice in accordance with this paragraph prior to any other or subsequent transfer of such shares. 

7.4 No Transfer to Competitor. The Purchase may not transfer any shares to a competitor of the Seller, or to any shareholder, partner or other beneficial holder of an equity ownership interest in a competitor, other than pursuant to a merger, combination, or other transaction approved by the Board of Directors. 

8. Governing Law and Dispute Resolution. 

8.1The Purchaser and the Seller submit to the laws and jurisdiction of the courts of the State of Delaware, without regard to the conflicts of law provisions of such jurisdiction. 

9. Miscellaneous.

9.1 Defined Terms. Capitalized terms used herein shall have the meaning ascribed to them in the Safe-T, unless otherwise indicated in this Agreement. 

9.2 Counterparts. This Agreement may be executed in counterparts. Facsimile or scanned signatures are binding and are considered to be original signatures. 

9.3 Assignment. Neither party will assign this Agreement, in whole or in part, without the written consent of the other party.

9.4 Titles. The titles and subtitles used in this Agreement are included for convenience only and are not to be considered in construing or interpreting this Agreement.

9.5 Notices. All notices and other communications given or made pursuant hereto will be in writing and will be deemed effectively given: (a) upon personal delivery to the party to be notified; (b) upon receipt of a return receipt if sent via electronically; (c) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications will be sent to the respective parties at the addresses shown on the signature pages hereto. 

9.6 No Finder’s Fee. Each party represents that it neither is nor will be obligated to pay any finder’s fee, broker’s fee or commission in connection with the transactions contemplated by this Agreement. Purchaser agrees to indemnify and to hold the Seller harmless from any liability for any commission or compensation in the nature of a finder’s or broker’s fee arising out of the transactions contemplated by this Agreement. 

9.7  Entire Agreement. This Agreement and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof. 

 

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9.8 Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provisions will be excluded from this Agreement and the balance of the Agreement will be interpreted as if such provisions were so excluded and this Agreement will be enforceable in accordance with its terms.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth above.

 

	
The Seller

 

Rokk3r Inc.

 

By /s/ Nabyl Charania                                      

Name: Nabyl Charania

Title: CEO

 

Address: 

2121 NW 2nd Ave #203

Miami, FL 33127

 

Email Address:

Nabyl@rokk3r.com 

	
The Purchaser

 

ExO Foundation Inc.

 

By /s/ Salim Ismail                                      

Name: Salim Ismail

Title: Chairman

 

Address: 

3500 S Dupont Hwy., Suite Y102

Dover, DE 

 

Email Address:

Salim@exo.team 

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