Document:

apxr_ex102.htm

 EXHIBIT 10.2
 
TERMINATION AND RELEASE AGREEMENT
 
THIS TERMINATION AND RELEASE AGREEMENT (this “Agreement”), dated as of April 1, 2019 (“Effective Date”), is by and among Apex Resources. Inc., a Nevada corporation (“Apex” or the “Company”), and Chongqing Puxin Blockchain Technology Co., Ltd., a company organized under the laws of the People’s Republic of China (“Puxin”).
 
RECITALS
 
WHEREAS, the Company and Puxin previously entered into that certain Cooperation Agreement of Apex Data Center. Inc., dated as of April 26, 2018 (“Original Agreement”), pursuant to which the Company and Puxin agreed to jointly set up an entity called Apex Data Center. Inc. in Washington State, the U.S. (the “ADC”), with the Company, in consideration for 80% of the shares of the ADC to be issued, agreed to contribute the sum of $2 million and Puxin, in consideration for 20% of the shares of the ADC to be issued, agreed to contribute in equipment, labor, and professional services associated with the construction and operation of the ADC; 
 
WHEREAS, as of the date of this Agreement, there is no current corporate activities of the ADC; and 
 
WHEREAS, the Company and Puxin desire to terminate the Original Agreement, dissolve ADC, and all transactions contemplated under the Original Agreement.
 
AGREEMENT
 
NOW, THEREFORE, in consideration of the premises and for other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
 
	 
	1.	Termination. For due and valuable consideration, acknowledgement of which is received, the Company and Puxin agree that, effective immediately, the Original Agreement is hereby terminated, cancelled, deemed null and void, and shall be of no further force or effect and both parties agree that the Company shall take all the necessary actions to dissolve the ADC.
	 
	 
	 

	 
	2.	General Releases. Each party, on behalf of itself and its successors and assigns, agrees, and by this Agreement does hereby irrevocably and unconditionally release and promise not to sue the other parties or its representatives, agents, successors and assigns, from or concerning any and all claims, charges, causes of action or other liabilities, whether known or unknown, arising out of or related in any way to the Original Agreement.

 
	 
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	3.	Miscellaneous.

  	 
	a.
	Governing Law. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of New York without regard to the conflict of laws principles thereof. All actions arising out of or relating to this Agreement shall be heard and determined exclusively in any state or federal court located in New York, New York.

			
	 
	b.
	Binding Nature of Agreement. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no party may assign or transfer his rights or obligations under this Agreement without the prior consent of the other party hereto.

			
	 
	c.
	Entire Agreement. This Agreement contains the entire understanding between the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements and understandings, inducements or conditions, express or implied, oral or written, between the parties hereto, with respect thereto.

			
	 
	d.
	Severability. In the event that any provision of this Agreement is invalid or enforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform to such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.

			
	 
	e.
	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “pdf” signature page were an original thereof.

			
	 
	f.
	Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither the Company not Puxin shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other parties.

 
[Signature Page Follows]
  	 
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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the day and year first above written. 
	 	APEX RESOURCES. INC. 
	
	 	 	 	 
		By:	/s/ Jeff Bodnar	
	 
	 
	Name: Jeff Bodnar	 
	 	 	Title: Chief Executive Officer
	 
	 	 	 	 

	 	CHONGQING PUXIN BLOCKCHAIN TECHNOLOGY CO., LTD.
	
	 	 	 	 
		By:	/s/ Chenlu Nie	
	 
	 
	Name: Chenlu Nie	 
	 	 	Title: Vice President 	 

  
	 
	3Exhibit 4.39

 

LETTER AGREEMENT

 

This LETTER AGREEMENT
(this “Agreement”), dated as of September 24, 2018, is entered into by and among EHAVE, INC., an Ontario
corporation (the “Company”), and •(the “Lender”).

 

WHEREAS, the
Company and the Lender have previously entered into that certain Subscription Agreement (the “Subscription Agreement”),
pursuant to which the Company issued to the Lender 50 unsecured Convertible Debentures and 50 Warrants exercisable to acquire that
number of Common Shares as equal to the quotient of CDN$1,000 divided by the Conversion Price, at the closing held on January 31,
2018;

 

WHEREAS, the
Company has informed the Lender that the Company intends to obtain a bridge financing pursuant to which the Company will borrow
up to $500,000 in exchange for issuance of promissory notes, warrants and common shares (the “Bridge Financing”);

 

WHEREAS, in connection
with the Bridge Financing, the Company and the Lender agreed to convert the outstanding Convertible Debentures and cancel the Warrants;

 

WHEREAS, capitalized
terms used herein but not otherwise defined shall have the meanings ascribed to them in the Subscription Agreement.

 

NOW THEREFORE,
for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

 

1.       Conversion
of Convertible Debentures. Upon any closing of the Bridge Financing, all principal and accrued and unpaid interest then outstanding
under the Lender’s Convertible Debentures shall convert into the number of common shares of the Company that equals to (i)
the aggregate amount of the Principal then outstanding under such Convertible Debentures (for the avoidance of doubt, not including
any Added Principal) divided by (ii) $0.00088110. The Lender shall surrender its Convertible Debenture Certificate, duly endorsed
(or a notice to the effect that the original Convertible Debenture Certificate has been lost, stolen or destroyed and an agreement
acceptable to the Company whereby the holder agrees to indemnify the Company from any loss incurred by it in connection with the
Convertible Debenture Certificate), at the office of the Company. The Company shall, as soon as practicable thereafter, issue and
deliver to the Lender a certificate or agreement representing the number of common shares issuable upon conversion of the Lender’s
Convertible Debentures to which the Lender shall be entitled upon such conversion (bearing such legends as are required by applicable
state and federal securities laws in the opinion of counsel to the Company). The conversion of the Lender’s Convertible Debentures
pursuant to this Agreement shall be deemed to have been made at the closing of the Bridge Financing, and on and after such date,
the Lender entitled to receive the securities issuable upon such conversion shall be treated for all purposes as the record holder
of such securities and the Convertible Debentures, and all obligations of the Company thereunder, shall be deemed to have been
indefeasibly satisfied in full. Only whole Common Shares shall be issued upon conversion of the Convertible Debentures pursuant
to this Agreement. Any remainder due hereunder which is insufficient to purchase a whole Common Share upon conversion of the Convertible
Debentures shall be rounded up to the next whole Common Share.

 

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2.       Representations
and Warranties. The Lender hereby represents and warrants to the Company, and the Company hereby represents and warrants to
the Lender, that (i) it has the full right, power and authority to enter into this Agreement and to perform its obligations hereunder
and under the Subscription Agreement, the Convertible Debentures and the Warrants as amended by this Agreement, and (ii) the execution
of this Agreement by the individual whose signature is set forth at the end of this Agreement on behalf of such party, and the
delivery of this Agreement by such party, have been duly authorized by all necessary action on the part of such party; and (iii)
this Agreement has been executed and delivered by such party and constitutes the legal, valid and binding obligation of such party,
enforceable against such party in accordance with its terms, except as may be limited by any applicable bankruptcy, insolvency,
reorganization, moratorium, or similar laws and equitable principles related to or affecting creditors' rights generally or the
effect of general principles of equity. In addition, the Lender further represents and warrants that it is the sole record and
beneficial owner of the Convertible Debentures and the Warrants and that it has not transferred or assigned any of the Convertible
Debentures and Warrants, or any interest therein, to any other person prior to the date hereof.

 

3.       Release.
By execution of this Agreement, Lender hereby acknowledges and agrees that it all Events of Default that have occurred and were
continuing prior to the date of this Letter Agreement are hereby waived by Lender, and Lender forever releases and discharges the
Company from any and all liability arising as a result of any such Events of Defaults.

 

4.       Counterparts;
Choice of Law. This Agreement may be executed in several identical counterparts all of which shall constitute one and the same
instrument. This Agreement shall be construed and enforced in accordance with the laws of the State of New York, without regard
to the principles of conflicts of law thereof.

 

5.       Further
Assurances. Each of the parties hereto shall execute and deliver, at the reasonable request of the other party hereto, such
additional documents, instruments, conveyances and assurances and take such further actions as such other party may reasonably
request to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement.

 

[signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the day and year written above.

 

	THE COMPANY:	 	LENDER:
	 	 	 	 	 
	EHAVE, INC.	 	•
	 	 	 	 	 
	By:	 	 	By:	 
	 	Name: Prateek Dwivedi	 	 	Name:
	 	Title: Chief Executive Officer	 	 	Title:

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