Document:

Promissory Note - Greentree (GKN Comments) (00065263-5).DOCX

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY THE SECURITIES ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “SECURITIES ACT”)

                                                                            

BRIDGE LOAN FINANCING AGREEMENT

THIS BRIDGE LOAN FINANCING AGREEMENT (“Agreement”) is made and entered into on this 20th day of August, 2015 (“Effective Date”) by and among WRAPmail, Inc., a Florida corporation, its successors and assigns (the “Company”) and Sky Direct, LLC, 136 Wheatley Road, Glen Head, NY, 11545, a limited liability company (“Holder”).  Company and Holder may be referred to individually as Party or collectively as Parties.

		
	PRINCIPAL AMOUNT:

	

$50,000.00

RECITALS

1.

Company intends to sell common stock in a stock purchase agreement to a third party in an amount not less than Two Hundred Thousand dollars ($200,000) (“Stock Purchase”).  

2.

In anticipation of this separate Stock Purchase, Company is in immediate need of a bridge load in an amount of up to Two Hundred Thousand dollars ($200,000) (“Bridge Loan”) upon the terms and subject to the conditions set forth in this Agreement and those set forth in that certain form of Note attached hereto as Exhibit A.

3.

This Agreement sets forth the understanding of the Parties only with respect to the Bridge Loan.

NOW THEREFORE, in consideration of the foregoing, and of the mutual covenants, promises, and agreements contained herein, and intending to be legally bound, the Parties hereby agree as follows:

AGREEMENT

1.

Bridge Loan

1.1.

Bridge Loan. The amount of the Bridge Loan shall be in an amount up to Two Hundred Thousand Dollars ($200,000), which Holder shall wire transfer to Company in accordance with the terms of this Agreement or provide other method of certified funds.

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1.2.

Restricted Common Stock.  As additional consideration for the Bridge Loan, upon execution of this Agreement, Company shall immediately issue Ten Million shares (10,000,000) of Company’s common stock to Holder.  Said common stock shall bear a restrictive legend.  The shares of common stock issued pursuant to this paragraph 1.2 shall be included by the Company at no cost to Holder in any subsequent registration statement with the SEC.

1.3.

Term.  The indebtedness incurred pursuant to the Bridge Loan and the Note issued in respect thereof shall be due and payable in full on or before the earlier to occur of: (a) 120 days from the Effective Date of this Agreement or (b) the closing of the Stock Purchase as defined in a separate Stock Purchase agreement of at least Two Hundred Thousand Dollars ($200,000). Holder has the right to extend the term of the Bridge Loan in its sole discretion.

1.4.

Interest Rate. There shall be no interest on the Bridge Loan unless the Company is in default as described below.

1.5.

Event of Default. If the Term of the Bridge Load expires and the Stock Purchase has not closed, then the interest rate shall increase to 2% per year effective as of the date of default.  In addition, Holder shall receive, as soon as practicable, an addition Ten Million Shares (10,000,000) of the Company’s common stock. Said additional common stock shall bear a restrictive legend.

1.6.

Issuance. Prior to the issuance of the Bridge Loan funds, Company shall have executed originals of (a) this Agreement, (b) the Note, and (c) such other documents as Holder may reasonably require.

2.

Company Representations and Warranties

2.1.

Company Representations and Warranties.  Company hereby represents and warrants to Holder as follows:

2.2.

Duly Organized. Company is duly organized, validly existing and in good standing under the laws of its state of incorporation, and is duly qualified to do business and in good standing in each jurisdiction in which the nature of its business requires it to be so qualified.

2.3.

Validly Operating. Company has operated, and is operating, in compliance with all material laws, rules and regulations applicable to Company’s business, and currently possesses all material permits, licenses and approvals necessary to conduct Company’s business as currently conducted and as proposed to be conducted in the future.

2.4.

Authority. Company has the power and authority to convey any security interests that Company has granted to Holder under this Agreement, to execute and deliver this Agreement, and to perform the transactions and its obligations as contemplated under this Agreement.  Company has been duly authorized and has obtained has obtained all necessary 

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authorizations, approvals and consents of Company,  its officers and directors, its shareholders, and any applicable third parties or governmental agencies or authorities if required.

2.5.

Non-Contravention. This Agreement does not and will not contravene or cause Company to be in default under (i) Company’s organizational or governing documents, (ii) any material contractual restriction contained in any indenture, loan or credit agreement, lease, mortgage, security agreement, bond, note, or other agreement or instrument binding on or affecting Company or Company’s business or property, or (iii) any rule, regulation, or order applicable to, binding on, or affecting Company or Company’s property.

3.

Miscellaneous.

3.1.

Governing Law.  This Agreement shall be construed in accordance with, and governed in all respects by, the laws of the State of New York, without regard to its conflicts of laws rules.  Each of the Parties hereto agrees that any dispute with regard to this Agreement shall be heard by a court of competent jurisdiction in the state of New York.

3.2.

Notices. Unless otherwise specifically provided herein, any approval, disapproval, demand, document or other notice or communication ("Notice'') required or permitted to be given hereunder shall be in writing and may be served (a) personally, or (b) by commercial delivery or private courier service, or (c) by Federal Express or other national overnight delivery service, or (c) by registered or certified mail (return receipt requested, postage prepaid), or ( e) by telecopy or facsimile transmission, to the respective addresses and numbers specified below (or such other address for Notice as any Party may provide to the other Party from time to time pursuant to a validly delivered Notice hereunder), which Notice shall be effective (i) upon personal delivery, (ii) the next business day after delivery to Federal Express or other national overnight delivery service for next day delivery to the appropriate address, (iii) when received as indicated by the date on the return invoice or receipt showing delivery, or (iv) when sent by telecopy or facsimile, with written proof of either transmittal to and receipt by the other party or the failure of such transmission to the number designated by such party in this Section being established mechanically by the sender at the time of transmittal or attempted transmittal. Any delivery by facsimile in which all attempted facsimile transmissions failed shall be followed on the next business day by one of the other methods of notice set forth in this Section.

Addresses for Notices are as follows:

IF TO COMPANY

IF TO HOLDER

WRAPMail Inc

Sky Direct LLC

44 East End Ave, 

136 Wheatley Road

Hicksville, NY 11801

Brookville, NY 11545

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3.3.

Entire Agreement. This Agreement, including the attached exhibits, constitutes the entire Agreement between both parties concerning this transaction, and replaces all previous communications, representations, understandings, and Agreements, whether verbal or written between the parties to this Agreement or their representatives. No representations or statements of any kind made by either party, that are not expressly stated in this Agreement, shall be binding on such parties. 

3.4.

All Amendments in Writing. No waiver, amendment or modification of any provisions of this Agreement shall be effective unless in writing and signed by a duly authorized representative of the party against whom such waiver, amendment or modification is sought to be enforced. Furthermore, no provisions in either party’s purchase orders, or in any other business forms employed by either party will supersede the terms and conditions of this Agreement.

3.5.

Costs of Legal Action. In the event any action is brought to enforce this Agreement, the prevailing party shall be entitled to recover its costs of enforcement including, without limitation, attorneys’ fees and court costs to recover its costs of enforcement including, without limitation, attorneys’ fees and court costs. 

3.6.

Delay is Not a Waiver. No failure or delay by either party in exercising any right, power or remedy under this Agreement, except as specifically provided in this Agreement, shall operate as a waiver of any such right, power or remedy.

3.7.

Force Majeure. In the event that either party is unable to perform any of its obligations under this Agreement or to enjoy any of its benefits because of any Act of God, strike, fire, flood, governmental acts, orders or restrictions, Internet system unavailability, system malfunctions or any other reason where failure to perform is beyond the reasonable control and not caused by the negligence of the non- performing party (a “Force Majeure Event”), the party who has been so affected shall give notice immediately to the other party and shall use its reasonable best efforts to resume performance. Failure to meet due dates resulting from a Force Majeure Event shall extend such due dates for a reasonable period. However, if the period of nonperformance exceeds sixty (60) days from the receipt of notice of the Force Majeure Event, the party whose ability to perform has not been affected may, by giving written notice, terminate this Agreement effective immediately upon such notice or at such later date as is therein specified.

3.8.

Non-Assignability & Binding Effect. Except as otherwise provided for within this Agreement, neither Party may assign any of its rights or delegate any of its obligations under this Agreement to any third party without the express written permission of the other. Any such assignment is deemed null and void.

3.9.

Severability. If any provisions of this Agreement are held by a court of competent jurisdiction to be invalid under any applicable statute or rule of law, they are to that extent to be deemed omitted and the remaining provisions of this Agreement shall remain in full force and effect.

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3.10.

Cumulative Rights. Any specific right or remedy provided in this Agreement will not be exclusive but will be cumulative upon all other rights and remedies described in this section and allowed under applicable law.

3.11.

Headings. The titles and headings of the various sections and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever, or to explain, modify or place any construction upon or on any of the provisions of this Agreement.

3.12.

Counterparts. This Agreement may be executed in multiple counterparts, any one of which will be considered an original, but all of which will constitute one and the same instrument.

3.13.

Survival of Certain Provisions. Sections 1.6, 2.1-2.5, 3.5 and 3.9 shall survive the termination of the Agreement by either party for any reason.

IN WITNESS WHEREOF the duly authorized representatives of the parties hereto have caused this Agreement to be duly executed.

WRAPmail, Inc.

By: /s/ Marco Alfonsi

August 20, 2015

        

Marco Alfonsi, CEO

Date

Sky Direct LLC

136 Wheatley Rd

Glen Head NY 11545

Ein# 47 243 7921

SKY DIRECT LLC

By: /s/ Darlene Pergola  

 August 20, 2015

Darlene Pergola

Date

Its: Manager

[insert title]

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EXHIBITY A

NOTE

THIS NOTE AND ANY COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT"). THIS NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHICATED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT.

FOR VALUE RECEIVED, WRAPmail, Inc., a Florida corporation, its successors and assigns (the “Company) promises to pay to the order of Sky Direct, LLC, limited liability company (“Holder”), in immediately available funds, the aggregate principal amount set forth below (the “Principal Amount”), plus all accrued interest thereon, in accordance with the terms of this Promissory Note (“Note”).

	
	 

	EFFECTIVE DATE: August 20, 2015

PRINCIPAL AMOUNT: $50,000.00

	 

1.

INCORPORATION. This Note is being issued pursuant to the terms of that certain Loan Agreement, dated as of August 20, 2015 by and between the Company and the Holder (the “Loan Agreement”).  If not otherwise defined herein, all capitalized terms herein shall have the meanings given to them in the Loan Agreement.  Further, all of the terms, representations, warranties, agreements, covenants and conditions set forth in the Loan Agreement are incorporated herein by reference.  To the extent that there is a conflict between any condition, term or provision of this Note and the Loan Agreement, the conditions, terms, and provisions set forth herein shall specifically supersede the conflicting conditions, provisions and/or terms in the Loan Agreement.

2.

PAYMENT. At any time commencing after 120 days from the Effective Date, Holder may demand repayment of all unpaid Principal Amount through the date of its repayment request, plus any interest accrued thereon, upon written notice (“Demand Notice”) to the Company. The Company shall have five (5) days after the date of receipt of a Demand Notice to deliver payment to the Holder. Payment shall be made at Holder’s address as listed in the Loan Agreement, or as otherwise directed by Holder.

3.

INTEREST. Interest shall accrue on the unpaid principal balance of this Note at the annual rate of two percent (2%) until the entire Principal Amount is paid in full beginning 120 days after the Effective Date.  Interest shall not be compounded and shall be computed on the basis of a three hundred sixty (360) day year comprised of twelve (12) months of thirty (30) days each, with any calculation based upon a partial month of less than thirty (30) days based on actual days lapsed. 

4.

PREPAYMENT. The Company may, at its option, at any time and from time to time, prepay all or any part of the principal balance of this Note, without penalty or premium. 

5.

REORGANIZATION. In case of any consolidation or merger of the Company with or into any other 

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corporation, entity or person, or any other corporate reorganization, in which the Company shall not be the continuing or surviving entity of such consolidation, merger or reorganization (any such transaction being hereinafter referred to as a “Reorganization”), then, in each case, the Holder of this Note, on conversion hereof at any time after the consummation or effective date of such Reorganization (the “Reorganization Date”), shall receive, in lieu of the shares of stock or other securities at any time issuable upon the conversion of this Note issuable on such conversion prior to the Reorganization Date, the stock and other securities and property (including cash) to which such Holder would have been entitled upon the Reorganization Date if such Holder had converted this Note immediately prior thereto. The Company shall ensure that the surviving entity in any Reorganization specifically assumes the Company’s obligations under this Note and the Loan Agreement.

6.

DEFAULT.  The occurrence of any one of the following events shall constitute an Event of Default:

a)

The non-payment, when due or upon demand, of any principal or interest pursuant to this Note;

b)

The material breach of any representation or warranty in the Loan Agreement; 

c)

The breach of any material covenant or undertaking herein or therein the Loan Agreement;

d)

The commencement by the Company of any voluntary proceeding under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, receivership, dissolution, or liquidation law or statute of any jurisdiction, whether now or hereafter in effect; or the adjudication of the Company as insolvent or bankrupt by a decree of a court of competent jurisdiction; or the petition or  application by the Company for, acquiescence in, or  consent by the Company to, the appointment of any receiver or trustee for the Company or for all or a substantial part of the property of the Company; or the assignment by the Company for the benefit of creditors; or the written admission of the Company of its inability to pay its debts as they mature; or

e)

The Company liquidates, transfers, sells or assigns substantially all of its assets or elects to wind down its operations or dissolve.

Upon the occurrence of any Event of Default, and provided such Event of Default has not been cured by the Company within five (5) business days after the occurrence of such Event of Default (except a payment default of any interest, principal and/or other amount when due, of which no cure period is available), the Holder, may, by written notice to the Company, declare all or any portion of the unpaid Principal Amount due to Holder, together with all accrued interest thereon, immediately due and payable (without advanced notice as may otherwise by required hereunder); provided that upon the occurrence of an Event of Default as set forth in paragraph (d) or paragraph (e) hereof, all or any portion of the unpaid Principal Amount due to Holder, together with all accrued interest thereon, shall immediately become due and payable without any such notice. Holder shall also have all other remedies available under law and equity. 

In addition to any and all other remedies, upon the occurrence of any Event of Default, the Holder shall be immediately entitled to 10,000,000 shares of the Company’s common stock which shall bear a restrictive legend.

Upon the occurrence of any Event of Default, the Holder, at its sole discretion, may elect to immediately (without prior notice) convert the outstanding Principal Amount of this Note, or any portion of the Principal Amount hereof, and any accrued interest, in whole or in part, into shares of the Common Stock, according to the terms of this Note.

7.

NOTICES. Notices to be given hereunder shall be in writing and given in accordance with the notice 

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provisions contained in the Loan Agreement.

8.

SUCCESSION AND ASSIGNABILITY. This Note shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. The Holder may not assign any of his or its rights, interests, or obligations hereunder on his or its own discretion without further approval from the Company.

9.

GOVERNING LAW AND CONSENT TO JURISDICTION.  This Note shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict of law provisions. All disputes arising out of or in connection with this Note, or in respect of any legal relationship associated with or derived from this Note, shall only be heard in any competent court residing in New York. The Company agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any manner provided by law. The Company further waives any objection to venue in any such action or proceeding on the basis of inconvenient forum. The Company agrees that any action on or proceeding brought against the Holder shall only be brought in such courts.

In witness whereof, the below parties signed and sealed this Note as of above date written.

		
	WRAPMAIL, INC.  (“COMPANY”)

By: /s/ Marco Alfonsi

Name:

Marco Alfonsi

Title:

Chief Executive Officer

	 

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WRAPmail Incorporated

 

SUBSCRIPTION AGREEMENT for issue of shares of Common Stock, $0.001 par value, of WRAPmail Incorporated (“Common Stock”) at US$ 0.10 per share. The undersigned Investor hereby applies for 1,000,000 shares of Common Stock for an aggregate consideration of USD 100,000.00

 

  

THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.  INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED.  THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT.  ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATIONS CONCERNING THE COMPANY OTHER THAN AS CONTAINED OR REFERRED TO IN THIS AGREEMENT.  Any inquiries concerning WRAPmail Incorporated should be directed to: investors@wrapmail.com 

 

Stocks purchased under this agreement will have piggy-back registration right meaning rights that grants the investor the right to register his or her unregistered stock when either the company or another investor initiates a registration.

 

WHEREAS

 

A

WRAPmail Incorporated (the "Company" or "WRAPmail") is a company incorporated in the State of Florida

 

B

The Company was founded in October 2005 and started operation in January, 2006. The company markets and sells an email business concept assigned to it by Rolv Heggenhougen and Sergei Selin (inventors of the approved patent).

 

C

The Company's intended business is set forth in a "Business Plan", which has been sent to the proposed investor ("Investor").

 

D

WRAPmail is still a development stage company located in Fort Lauderdale, Florida.  The Company provides a "rich" e-mail letterhead to corporations so that corporate e-mail correspondence may be written on letterhead as opposed to a blank sheet of paper - current practice today. Basically, a "rich" e-mail message is one that includes one or more of the following: graphics, audio, video, animation or links to network data.  WRAPmail is developing a platform of rich e-mail software features based on industry standard Unix, HTML, Java, and SQL, packaged as an integrated, turnkey server-centric 

product.  WRAPmail combines its technology with custom marketing content and provides a next generation marketing e-mail platform for corporations. 

 

E

It is intended that the Company headquarters and its main computer servers will be located in the United States.

 

F

The Company has determined that to succeed in the competitive world of e-commerce it must develop its business at a fast pace and it requires substantial capital to achieve this.

 

G

The Company may find it necessary to raise further capital, debt and/or equity, by any loan transactions, private placements, public offerings, or by any other means.

 

H

A provisional patent application for the Concept has been filed. 

 

ACCORDINGLY IT IS HEREBY AGREED BY THE COMPANY AND THE INVESTOR

 

1

Recitals - The above recitals are hereby incorporated into this Agreement.

2

Application for shares - The Investor hereby makes application to the Board of Directors of the Company (the "Board") for the issue of shares of Common Stock of the Company and the Company hereby agrees to consider such application.  The Board may for any reason refuse any application for shares and if so the Company shall notify the Investor of its decision.

 

3

Amount of proposed investment - The Investor applies to the Company for an investment in the amount stated above, subject to the discretion of the Board.   The investment shall be sent to the Company by wire transfer as a condition precedent to any actual issue of shares if the Board approves an issue of shares to the Investor.  Instructions for wire transfers are contained in Schedule One hereof.

 

The Company has authorized 400,000,000 shares of Common Stock, $0.001 par value.  Current overview of shareholder data and company data including financials and management reports can be found at http://www.otcmarkets.com/stock/WRAP/profile

 

4

Further issues of shares- It is anticipated that the Company will issue further shares, which will result in a dilution of the percentage ownership of the Company by the Investor, or that the Company may already have issued shares to another investor or investors on the terms described herein.  If the Board approves this application for shares, the Investor shall be advised at the time of approval by the Board of the number of other shareholders and the total number of shares in issue immediately prior to an actual issue of shares to the Investor. The company might also elect to split shares or reverse split shares for whatever reason.

5

Expenditure by the Company

 

a.

The Company’s business is a startup venture and it is anticipated that it will be some time before revenues received may be insufficient to pay expenses of the Company.  These expenses include salary expenses, business development expenses, software, computer, communications and many other types of expenses.  Accordingly, the Company may have to borrow or raise additional funds as indicated in Recital H.  It is possible that the Company will not be able to raise such funds and in those circumstances it could fail and all investments by all of its investors could be lost.

b.

The Company may pay finder or broker fees for funds being sought by the Company and shares in the Company may be issued to settle such fees.

 

6

Investor Representations and Warranties - In connection with the undersigned's purchase of Common Stock, the undersigned hereby represents and warrants as follows:

(a)

The undersigned has received the Company’s Business Plan (the “Business Plan”) and, prior to signing this Subscription Agreement, has carefully reviewed the Business Plan. The undersigned has relied solely on the information contained in the Business Plan and its exhibits, or information obtained from books and records of the Company in making his investment decision.  No oral representations have been made or oral information furnished to the undersigned or his purchaser representative in connection with the offering of the Common Stock which were in any way inconsistent with the Business Plan.  The undersigned is an "Accredited Investor" (as such term is defined in the Act (as defined below)). The undersigned understands the business in which the Company will be engaged and has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of an investment in the Company and making an informed investment decision with respect thereto.  He has obtained sufficient information to evaluate the merits and risks of the investment and to make such a decision.

(b)

The undersigned has had access to all documents, records and books pertaining to this investment.  Additionally, the undersigned has been provided the opportunity to ask questions and receive answers concerning the terms and conditions of the offering and to obtain any additional information which the Company possesses, or can acquire without unreasonable effort or expense, that is necessary to verify the accuracy of the information furnished in the Business Plan.

(c)

The undersigned (i) has adequate means of providing for his current needs and possible personal contingencies and those of his family, if applicable, in the same manner as he would have been able to provide prior to making the investment in the Common Stock, (ii) has no need for liquidity in this investment, (iii) is aware of and able to bear the risks of the investment for an indefinite period of time and (iv) presently and, based on existing conditions, is able to afford a complete loss of such investment.

(d)

The undersigned recognizes that the Company has only recently been organized and has a limited financial and operating history and that the Common Stock as an investment involve significant risks, including, without limitation, those set forth under the caption "Risk Factors" in the Business Plan.

(e)

The undersigned understands that the Common Stock are "restricted securities" as that term is defined pursuant to Rule 144 of the Securities Act of 1933 (the "Act"), and have not been registered under the Act or under certain state securities laws in reliance upon exemptions therefrom for nonpublic offerings.  The undersigned understands that the Common Stock must be held indefinitely unless the sale thereof is subsequently registered under the Act and under certain state securities laws or an exemption or exemptions from such registration are available.  

(f)

The undersigned understands that the Business Plan has not been filed with or reviewed by any state securities administrators because of the representation made by the Company as to the private or limited nature of the offering.

(g)

The Common Stock is being purchased solely for the undersigned's account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Act, and no other person has a direct or indirect beneficial interest in such Common Stock.  The undersigned represents that he has no agreement, understanding, commitment or other arrangement with any person and no present intention to sell, transfer or assign any Common Stock.

(h)

The undersigned agrees not to sell or otherwise transfer the Common Stock unless it is registered under the Act and under any applicable state securities laws, or an exemption or exemptions from such registration are available.

(i)

The undersigned, if a corporation, partnership, trust or other entity, is authorized and otherwise duly qualified to purchase and hold Common Stock and to enter into this Subscription Agreement; such entity has its principal place of business as set forth in the Purchaser Questionnaire; and such entity has not been formed for the specific purpose of acquiring Common Stock in the Company unless all of its equity owners qualify as accredited individual investors.

(j)

All information which the undersigned has provided to the Company concerning the undersigned, the undersigned's financial position and knowledge of financial and business matters, or, in the case of a corporation, partnership, trust or other entity, concerning such knowledge of the person making the investment decision on behalf of such entity, including all information contained in this Subscription Agreement, is correct and complete as of the date set forth on the signature page hereof, and if there should be any adverse change in such information prior to the subscription being accepted, the undersigned will immediately provide the Company with such information.

(k)

The undersigned understands and acknowledges that no representations concerning the accuracy of financial projections, if any, included in the Business Plan are being made and the undersigned has completely disregarded such financial projections, if any, included in the Business Plan in determining whether to invest in the Common Stock.

 

7

Acceptance or Rejection of Subscription. The undersigned understands and agrees that:

(a)

the Company reserves the right to reject this subscription for the Common Stock, in whole or in part, and at any time prior to acceptance;

(b)

in the event this subscription is rejected the Subscription Agreement will be promptly returned to the undersigned and this Subscription Agreement shall have no force or effect.  In addition, the funds transferred to the Company shall be promptly returned to the undersigned;

(c)

there is no minimum number of shares of Common Stock being sold in this offering.  Therefore, the undersigned is investing in Common Stock without assurance of any additional investors whatsoever; and

(d)

the Common Stock being offered hereby is being offered and sold by the Company which will receive the proceeds from the sale of the Common Stock.

 

8

Recommendation that the Investor take separate legal and professional advice - Each Investor is hereby strongly advised by the Company to take separate legal and other professional advice in the country of their residence and in every other country in which an investment in the Company may result in any implication for them or their families prior to making any investment in the Company.

 

9

SPECULATIVE NATURE OF AN INVESTMENT IN THE COMPANY AND WARNINGS TO THE INVESTOR AND HIS PROFESSIONAL ADVISERS- Due to many factors, examples of which the Board hereby attempt to draw to the attention of the Investor and his professional advisers:

a.

Any type of investment of any amount in the Company is speculative, there can be no assurances that the Company will ever be profitable and all of, or a part of, that investment could be lost.

b.

The basic concept (the "Concept") for the Company's business, or any part of it, may be flawed and despite the optimism of the Board, the Concept may in fact have little or no chance of success.

c.

The Business Plan or any part of it may be flawed and despite the optimism of the Board, the Business Plan may have little or no chance of success.

d.

Even if the Concept and the Business Plan are sound the Company may be mismanaged, or competitors may outmaneuver it, it may fail to raise the funds necessary or for any number of other reasons opportunities may be lost and the Company may fail financially.

e.

The Company has no track record in business and therefore no conclusions can be drawn from past experience as to the likelihood that the Company will be a success - accordingly, any investment in the Company could be lost in its entirety.

f.

The Company may have foreign currency exposure resulting from differences, if any, in the value of the U.S. Dollar relative to other currencies and it is possible that the Company may have difficulties in handling such risks.

g.

The Laws of the USA and/or any other country could be changed so that the intended business of the Company becomes less attractive.

h.

Technology changes fast and the Concept and/or the Business Plan could become outdated or uncompetitive.

 

To summarize this section; the above represent only some of the risks in investing in the Company, there are many more that the Board have not included - this is not a safe or conservative investment.  There are many factors that could combine to cause the failure of the Company and the whole of any investment in the Company could be lost.  Any representation to the contrary is false.

 

10

Governing Law – This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.

11

Counterparts – This Agreement may be executed in two or more counterparts, each of which shall constitute an original and all of which shall constitute one and the same instrument.

This Agreement is dated as of the Wednesday of 19 of August 2015.

 

 

 

Peer Ericson Holding ApS  

/s/ Peer Ericson

     Name of INVESTOR

  (Signature)

 

 

 

Address of INVESTOR

 

Dortheavej 65

 

2400 Copenhagen NV

 

 

Tel #:

+45 20269680

 

Fax #:

--

 

Email address: peer.ericson@idw.dk

 

 

A signed copy of this Agreement should be sent by email to investors@wrapmail.com with an original copy sent by air courier to WRAPmail, Inc., 44 East End Avenue, Hicksville, NY 11801 to follow.

 

ACCEPTED AND AGREED TO

THIS 19 DAY OF August, 2015

WRAPmail Incorporated

 

By: /s/ Marco Alfonsi

Name: Marco Alfonsi

Title: CEO

SCHEDULE ONE

 

 

 

After this Agreement has been signed, submitted to the Company and approval received by the Company for the issue of shares to the Investor, monies representing the amount to be invested should be sent by wire transfer to:

 

Chase Bank

SWIFT: CHASUS33

Wire Transfer ABA# 021000021 

Favor: WRAPmail, Inc., account number 677332855

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