Document:

ex104.htm

    Exhibit
10.04

    

    REGISTRATION
RIGHTS AGREEMENT

     

    This
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as
of this 30th day
of December, 2008 is made by and among Amber Alert Safety Centers, Inc., a
Nevada corporation (the “Company”), and John
Thomas Bridge & Opportunity Fund, L.P. (the “Purchaser”).

     

    WHEREAS,
the Purchaser has acquired 7,500,000 shares of Common Stock (“Shares”), may
acquire shares of Common Stock issuable upon conversion of all or a portion of
the principal amount of the Debenture upon an event of default (“Debenture
Shares”) and may acquire additional shares of Common Stock pursuant to Section
2.1(c) of this Agreement (“Liquidated Damage Shares”); and

     

    WHEREAS,
the Company has undertaken to register the resale of the Shares, Debenture
Shares and Liquidated Damage Shares pursuant to the terms set forth
herein.

     

    NOW,
THEREFORE, the Company and the Purchaser hereby covenant and agree as
follows:

    

    1.           Definitions. As used
herein, the following terms shall have the following respective
meanings:

     

    “Additional Effective
Date” shall mean the date the Additional Registration Statement is
declared effective by the SEC.

     

    “Additional Effectiveness
Deadline” shall mean the date which is one hundred and eighty (180)
calendar days after the Additional Filing Date.

     

    “Additional Filing
Date” shall mean the date on which the Additional Registration Statement
is filed with the SEC.

     

    “Additional Filing
Deadline” shall mean if Registrable Securities are required to be
included in the Additional Registration Statement, the later of (i) ninety (90)
days after the Effective Date or the last preceding Additional Effective Date,
as the case may be, or (ii) six (6) months after the Effective Date or the last
preceding Additional Effective Date in the event the SEC were to deem the former
ninety-day period in (i) as premature for filing the Additional Registration
Statement or (iii) the date which is six (6) weeks after substantially all of
the Registrable Securities registered under the immediately preceding
Registration Statement are sold, as applicable.

     

    “Additional Registration
Statement” shall mean a registration statement or registration statements
of the Company filed under the Securities Act covering any Registrable
Securities.

     

    “Common Stock” shall
mean the common stock of the Company.

     

    “Debenture” shall mean
the a debenture in the principal amount of $740,000, bearing interest at the
rate of 14% per annum issued by the Company to the Purchaser on the date
hereof.

     

    “Debenture Shares”
shall mean the shares of Common Stock issued upon a default conversion of all of
or a portion of the principal amount of Debenture.

     

    “Effective Date” shall
mean the date the Registration Statement is declared effective by the
SEC.

     

    “Effective Deadline”
shall mean the 120th day
after the filing of the Registration Statement.

     

    “Exchange Act” shall
mean the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC thereunder, all as the same shall be in effect at the
time.

     

    “Filing Deadline”
shall mean the 90th day
after the date of this Agreement.

     

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    “Fully Diluted Shares
Outstanding” shall mean the sum of (i) the shares of Common Stock issued
and outstanding and (ii) shares of Common Stock issuable upon exercise or
conversion of outstanding Company derivative securities, to be calculated at the
end of each 30-day period or such shorter period in determining liquidated
damage payments pursuant to Section 2.1(c).

     

    “Holder” or “Holders” shall mean
any person or persons to whom Registrable Securities were originally issued or
qualifying transferees under Section 2.8 hereof who hold Registrable Securities
for purposes of any registration under Section 2.

     

    “Liquidated Damage
Shares” shall have the meaning set forth in the recitals.

     

    “Purchase Agreement”
shall mean the agreement dated the date hereof by and between the Company and
the Purchaser.

     

    “Register,” “registered” and
“registration”
each shall refer to a registration effected by preparing and filing a
registration statement or statements or similar documents in compliance with the
Securities Act and the declaration or ordering of effectiveness of such
registration statement or document by the SEC.

     

    “Registrable
Securities” the Shares, Debenture Shares, Liquidated Damage Shares and
the shares of Common Stock issuable in connection with or as a result of any
stock splits, stock dividends, reclassifications, recapitalizations or similar
events; provided,
however,
that shares of Common Stock which are Registrable Securities shall cease to be
Registrable Securities (i) upon their sale pursuant to a registration statement
or Rule 144 under the Securities Act, (ii) upon any sale in any manner to a
person or entity which is not entitled to the rights under this Agreement, or
(iii) at such time as such Registrable Securities become eligible for sale
pursuant to Rule 144 under the Securities Act or another similar exemption under
the Securities Act.

     

    “Registration
Statement” shall mean any registration statement of the Company filed
under the Securities Act that covers the resale of any of the Registrable
Securities pursuant to the provisions of this Agreement, amendments and
supplements to such Registration Statement, including post-effective amendments,
all exhibits and material incorporated by reference in such Registration
Statement, as well as any Additional Registration Statement.

     

    “Securities Act” shall
mean the Securities Act of 1933, as amended, and the rules and regulations of
the SEC thereunder, all as the same shall be in effect at the applicable
time.

     

    “SEC” shall mean the
U.S. Securities and Exchange Commission, or any other federal agency at the time
administering the Securities Act.

     

    “Shares” shall mean
the 7,500,000 shares of Common Stock issued to the Purchaser pursuant to the
Purchase Agreement.

     

    2.           Registration
Rights.

     

    2.1           Demand
Registration.

     

    (a)           As
soon as possible after the date hereof, the Company shall file a Registration
Statement with the SEC covering the resale of all of the Registrable
Securities.  The Company shall use commercially reasonable efforts to
have the Registration Statement declared effective as soon as
practicable.  In the event that the Company is unable to register for
resale under Rule 415 all of the Registrable Securities on the Registration
Statement that it has agreed to file pursuant to Section 2(a) due to limits
imposed by the SEC’s interpretation of Rule 415, then the Company shall be
obligated to include in such Registration Statement (as withdrawn and refiled if
necessary to comply with Rule 415) only such limited portion of the Registrable
Securities as the SEC shall permit.  Any exclusion of Registrable
Securities shall be made pro rata among the Holders in proportion to the number
of Registrable Securities held by such Holders.  Any request for
acceleration of the Registration Statement shall seek effectiveness at 5:00
p.m., New York time, or as soon thereafter as practicable.  The
Company shall notify the Holders by facsimile or e-mail as soon as promptly
practicable, and in any event, prior to 9:00 a.m., New York time, on the day
after any Registration Statement is declared effective, shall file with the SEC
under Rule 424 a final prospectus as promptly as practicable, and in any event,
prior to 9:00 a.m., New York time, on the day after any Registration Statement
is declared effective.

     

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (b)           The
Company shall prepare, and, as soon as practicable but in no event later than
the Additional Filing Deadline, file with the SEC an Additional Registration
Statement on Form S-1 (or Form S-3, if applicable) covering the resale of all of
the Registrable Securities not previously registered in a Registration Statement
or a preceding Additional Registration Statement as the case may
be.  To the extent the SEC does not permit the aforesaid Registrable
Securities to be registered on an Additional Registration Statement, the Company
shall file Additional Registration Statements successively trying to register on
each such Additional Registration Statement the maximum number of remaining
Registrable Securities until the resale of the remaining Registrable Securities
have been registered with the SEC.  The Company shall use its
commercially reasonable efforts to have each Additional Registration Statement
declared effective by the SEC as soon as practicable, but in no event later than
the Additional Effectiveness Deadline.  By 9:00 a.m. New York time on
the business day following the Additional Effective Date, the Company shall file
with the SEC in accordance with Rule 424 the final prospectus to be used in
connection with sales pursuant to such Additional Registration
Statement.

     

    (c)           If a Registration Statement or
Additional Registration Statement covering the Registrable Securities is not
filed with the SEC on or prior to the Filing Deadline or Additional Filing
Deadline, respectively, the Company will make pro rata payments to each Holder,
as liquidated damages and not as a penalty, in an aggregate amount equal to 2%
of the Fully Diluted Shares Outstanding for each 30-day period or pro rata for
any portion thereof following the Filing Deadline or Additional Filing Deadline
for which no Registration Statement or Additional Registration Statement, as the
case may be, is filed with respect to the Registrable Securities.  If
a Registration Statement or Additional Registration Statement covering the
Registrable Securities is not declared effective by the SEC prior to the earlier
of (i) five (5) business days after the SEC shall have informed the Company that
there will be no further comments on the Registration Statement, or the
Additional Registration Statement, as the case may be, (ii) the Effective
Deadline or (iii) an Additional Effectiveness Deadline (either (i), (ii) or
(iii) shall be deemed the “Effectiveness Deadline”), the Company will make pro
rata payments to each Holder, as liquidated damages and not as a penalty, in an
aggregate amount equal to 2% of the Fully Diluted Shares Outstanding for each
30-day period or pro rata for any portion thereof following the Effectiveness
Deadline for which no Registration Statement is declared effective with respect
to the Registrable Securities; provided, however, that no such damages shall
apply to the extent the delay is caused by any act or omission of the Holder in
furnishing information needed to register the shares.

     

    Such issuance shall constitute the
Holders exclusive remedy for such events, but shall not affect the right of the
Holders to seek injunctive relief.  Such issuance shall be made to
each Holder via delivery of a Common Stock certificate within five (5) business
days of such event.

     

    (d)  Notwithstanding
the provisions of this Section 2.1, in no event shall the Company be liable for
liquidated damages in the event that the Company is unable to register for
resale all of the Registrable Securities on the Registration Statement that it
has agreed to file pursuant to Section 2(a) due to limits imposed by the SEC’s
interpretation of Rule 415 provided, however, in such event, the Company shall
timely file and obtain effectiveness of an Additional Registration Statement
pursuant to the provisions of Section 2(b).

     

    2.2           Company
Obligations.

     

    The
Company will use commercially reasonable efforts to effect the registration of
the Registrable Securities in accordance with the terms hereof, and pursuant
thereto the Company will, as expeditiously as possible:

     

    (a)           use
commercially reasonable efforts to cause such Registration Statement to
become  effective at 5:00 p.m.,  New York time, or as soon
thereafter as practicable and to remain continuously effective until the
Registrable Securities cease to be Registrable Securities (the “Effectiveness
Period”), and advise the Purchaser in writing when the Effectiveness Period has
expired;

    

    (b)           prepare
and file with the SEC such amendments and post-effective amendments to the
Registration Statement and the Prospectus as may be necessary to keep the
Registration Statement effective for the Effectiveness Period and to comply with
the provisions of the Securities Act and the Exchange Act with respect to the
distribution of all of the Registrable Securities covered thereby;

    

    (c)           provide
copies to Holders counsel to review each Registration Statement and all
amendments and supplements thereto no fewer than three (3) business days prior
to their filing with the SEC and not file any document to which such counsel
reasonably objects;

    

    (d)           furnish
to the Holders counsel (i) promptly after the same is prepared and publicly
distributed, filed with the SEC, or received by the Company (but not later than
two (2) Business Days after the filing date, receipt date or sending date, as
the case may be) one (1) copy of any Registration Statement and any amendment
thereto, each preliminary prospectus and Prospectus and each amendment or
supplement thereto, and each letter written by or on behalf of the Company to
the SEC or the staff of the SEC, and each item of correspondence from the SEC or
the staff of the SEC, in each case relating to such Registration Statement
(other than any portion of any thereof which contains information for which the
Company has sought confidential treatment), and (ii) such number of copies of a
Prospectus, including a preliminary prospectus, and all amendments and
supplements thereto and such other documents as each Holder may reasonably
request in order to facilitate the disposition of the Registrable Securities
owned by such Holder that are covered by the related Registration
Statement;

    

    (e)           use
commercially reasonable efforts to (i) prevent the issuance of any stop order or
other suspension of effectiveness and, (ii) if such order is issued, obtain the
withdrawal of any such order at the earliest possible moment;

    

    (f)           prior
to any public offering of Registrable Securities, use best efforts to (i)
register or qualify or cooperate with the Holders and their counsel in
connection with the registration or qualification of such Registrable Securities
for offer and sale under the securities or blue sky laws of such jurisdictions
requested by the Holders and (ii) do any and all other acts or things necessary
or advisable to enable the distribution in such jurisdictions of the Registrable
Securities covered by the Registration Statement; provided, however, that the
Company shall not be required in connection therewith or as a condition thereto
to (i) qualify to do business in any jurisdiction where it would not otherwise
be required to qualify but for this Section 2.2(f), (ii) subject itself to
general taxation in any jurisdiction where it would not otherwise be so subject
but for this Section 2.2(f), or (iii) file a general consent to service of
process in any such jurisdiction;

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    (g)           use
commercially reasonable efforts to cause all Registrable Securities covered by a
Registration Statement to be listed on each securities exchange, interdealer
quotation system or other market on which similar securities issued by the
Company are then listed;

    

    (h)           immediately
notify the Holders, at any time prior to the end of the Effectiveness Period,
upon discovery that, or upon the happening of any event as a result of which,
the Prospectus includes an untrue statement of a material fact or omits to state
any material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing,
and promptly prepare, file with the SEC and furnish to such holder a supplement
to or an amendment of such Prospectus as may be necessary so that such
Prospectus shall not include an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing;
and

    

    (i)           otherwise
use best efforts to comply with all applicable rules and regulations of the SEC
under the Securities Act and the Exchange Act, including, without limitation,
Rule 172 under the Securities Act, file any final Prospectus, including any
supplement or amendment thereof, with the SEC pursuant to Rule 424 under the
Securities Act, promptly inform the Holders in writing if, at any time during
the Effectiveness Period, the Company does not satisfy the conditions specified
in Rule 172 and, as a result thereof, the Holders are required to deliver a
Prospectus in connection with any disposition of Registrable Securities and take
such other actions as may be reasonably necessary to facilitate the registration
of the Registrable Securities hereunder.

    

    2.3           Obligations of
Holders.

    

    (a)           Each
Holder shall furnish in writing to the Company such information regarding
itself, the Registrable Securities held by it and the intended method of
disposition of the Registrable Securities held by it, as shall be reasonably
required to effect the registration of such Registrable Securities and shall
execute such documents in connection with such registration as the Company may
reasonably request.  At least ten (10) business days prior to the
first anticipated filing date of any Registration Statement, the Company shall
notify each Holder of the information the Company requires from such Holder if
such Holder elects to have any of the Registrable Securities including in the
Registration Statement.  A Holder shall provide such information to
the Company at least two (2) business days prior to the first anticipated filing
date of such Registration Statement if such Holder elects to have any of the
Registrable Securities included in the Registration Statement.

    

    (b)           Each
Holder, by its acceptance of the Registrable Securities agrees to cooperate with
the Company as reasonably requested by the Company in connection with the
preparation and filing of a Registration Statement hereunder, unless such Holder
has notified the Company in writing of its election to exclude all of its
Registrable Securities from such Registration Statement.

    

    2.4           Expenses of
Registration.

     

    All
expenses incurred in connection with any registration, qualification or
compliance pursuant to Section 2 hereof, including without limitation, all
registration, filing and qualification fees, printing expenses, fees and
disbursements of counsel for the Company and expenses of any special audits
incidental to or required by such registration, shall be borne by the Company
except as follows:

     

    (a)           the
Company shall not be required to pay fees or disbursements of legal counsel of
the Holders other than one special counsel to represent all Holders to be
selected by a majority of the Holders participating in the registration as set
forth in Section 2.1 hereof, provided,
however,
that in no event shall the Company be required to reimburse legal fees in excess
of $3,750 per registration statement; and

     

    (b)           the
Company shall not be required to pay underwriters’ fees, discounts or
commissions relating to Registrable Securities.

     

    All
expenses of any registered offering not otherwise borne by the Company shall be
borne pro rata among the Holders participating in the offering (and the Company,
if it is selling securities in the offering) on the basis of the number of
shares registered.

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    2.5           Indemnification and
Contribution

     

    (a)           The
Company will indemnify and hold harmless each Holder of the Registrable
Securities covered by a registration, each other person, if any, who controls
such Holder within the meaning of the Securities Act, with respect to which such
registration, qualification or compliance that has been effected pursuant to
Section 2 hereof, and each underwriter, if any, and each person who controls any
underwriter of the Registrable Securities held by or issuable to such Holder
from and against all claims, losses, expenses, damages and liabilities (or
actions in respect thereto) arising out of or based upon (i) any untrue
statement (or alleged untrue statement) of a material fact contained in any
prospectus, offering circular or other document (including any related
registration statement, notification or the like) incident to any such
registration, qualification or compliance, (ii) the omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or (iii) any violation
by the Company of any rule or regulation promulgated under the Securities Act or
any state securities law applicable to the Company and relating to action or
inaction required by the Company in connection with any such registration,
qualification or compliance, and will reimburse each such Holder, each of its
officers, directors, manager, members and partners, and each person controlling
such Holder, each such underwriter and each person who controls any such
underwriter, for any reasonable legal and other expenses reasonably incurred by
it in connection with investigating, defending or settling any such claim, loss,
damage, liability or action; provided, however, that the indemnity agreement
contained in this Section 2.5 shall not apply to amounts paid in settlement of
any such claim, loss, damage, liability, or action if such settlement is
effected without the consent of the Company (which consent shall not be
unreasonably withheld), and provided, further, that the Company will not be
liable in any such case if and to the extent that any such loss, claim, damage
or liability arises out of or is based upon the Company’s reliance on an untrue
statement or alleged untrue statement or omission or alleged omission so made in
conformity with information furnished by any such Holder, any such underwriter
or any such controlling person in writing specifically for use in such
registration statement or prospectus and the Company shall not be liable in any
such case to the extent that any such loss, claim, damage or liability (or
action in respect thereof) arises out of or is based upon an untrue statement or
alleged untrue statement or omission or alleged omission in such registration
statement, which untrue statement or alleged untrue statement or omission or
alleged omission is completely corrected in an amendment or supplement to the
registration statement and the undersigned indemnitees thereafter fail to
deliver or cause to be delivered such registration statement as so amended or
supplemented prior to or concurrently with the sale of the Registrable
Securities to the person asserting such loss, claim, damage or liability (or
actions in respect thereof) or expense after the Company has furnished the
undersigned with the same.

     

    (b)           Each
Holder of Registrable Securities covered by a registration statement shall,
severally and not jointly, indemnify and hold harmless the Company, each of its
directors and officers, each underwriter, if any, of the Company’s securities
covered by such a registration statement, each person who controls the Company
within the meaning of the Securities Act, and each other such Holder, each of
its officers, directors, managers, members and partners and each person
controlling such other Holder, against all claims, losses, expenses, damages and
liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in
any such registration statement, prospectus, offering circular or other
document, or any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, and will reimburse the Company, such other Holders, such directors,
officers, mangers, members, partners, persons or underwriters for any reasonable
legal or any other expenses incurred in connection with investigating, defending
or settling any such claim, loss, damage, liability or action, in each case to
the extent, but only to the extent, that such untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in such registration
statement, prospectus, offering circular or other document in reliance upon and
in conformity with written information furnished to the Company by an instrument
duly executed by such Holder specifically for use therein; provided, however,
the total amount for which any Holder shall be liable under this Section 2.5(b)
shall not in any event exceed the aggregate proceeds received by such Holder
from the sale of Registrable Securities held by such Holder in such
registration.

     

    (c)           Each
party entitled to indemnification under Section 2.5 hereof (the “Indemnified
Party”) shall give notice to the party required to provide indemnification (the
“Indemnifying Party”) promptly after such Indemnified Party has actual knowledge
of any claim as to which indemnity may be sought, and shall permit the
Indemnifying Party to assume the defense of any such claim or any litigation
resulting there from, provided, that counsel for the Indemnifying Party, who
shall conduct the defense of such claim or litigation, shall be approved by the
Indemnified Party (whose approval shall not be unreasonably withheld), and the
Indemnified Party may participate in such defense at such party’s expense, and
provided, further, that the failure of any Indemnified Party to give notice as
provided herein, shall not relieve the Indemnifying Party of its obligations
hereunder, unless such failure resulted in actual detriment to the Indemnifying
Party. No Indemnifying Party, in the defense of any such claim or litigation,
shall, except with the consent of each Indemnified Party, consent to entry of
any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or
litigation.

     

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (d)           In
order to provide for just and equitable contribution to joint liability under
the Securities Act in any case in which either (i) any Holder of Registrable
Securities exercising rights under this Agreement, or any controlling person of
any such holder, makes a claim for indemnification pursuant to Section 2.5
hereof but it is judicially determined (by the entry of a final judgment or
decree by a court of competent jurisdiction and the expiration of time to appeal
or the denial of the last right of appeal) that such indemnification may not be
enforced in such case notwithstanding the fact that Section 2.5 hereof provides
for indemnification in such case, or (ii) contribution under the Securities Act
may be required on the part of any such selling Holder or any such controlling
person in circumstances for which indemnification is provided under Section 2.5
hereof; then, and in each such case, the Company and such Holder will contribute
to the aggregate losses, claims, damages or liabilities to which they may be
subject (after contribution from others) in such proportion so that such Holder
is responsible for the portion represented by the percentage that the public
offering price of its Registrable Securities offered by the registration
statement bears to the public offering price of all securities offered by such
registration statement, and the Company is responsible for the remaining
portion; provided, that, in any such case, (A) no such Holder will be required
to contribute any amount in excess of the public offering price of all such
Registrable Securities offered by it pursuant to such registration statement and
(B) no person or entity guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) will be entitled to contribution
from any person or entity who was not guilty of such fraudulent
misrepresentation.

     

    2.6           Information by
Holder.

     

    Each
Holder of Registrable Securities included in any registration shall promptly
furnish to the Company such information regarding such Holder or Holders as the
Company may request in writing and as shall be required in connection with any
registration, qualification or compliance referred to herein.

     

    2.7           Rule 144
Reporting.

     

    With a
view to making available to Holders the benefits of certain rules and
regulations of the SEC, which may permit the sale of the Registrable Securities
to the public without registration, the Company shall use its best efforts
to:

     

    (a)           make
and keep public information available, as those terms are understood and defined
in SEC Rule 144 under the Securities Act;

     

    (b)           use
its best efforts to file with the SEC in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange
Act;

     

    (c)           so
long as a Holder owns any Registrable Securities, to furnish to such Holder
forthwith upon request a written statement by the Company as to its compliance
with the reporting requirements of said Rule 144, and of the Securities Act and
the Exchange Act (at any time after it has become subject to such reporting
requirements), a copy of the most recent annual or quarterly report of the
Company, and such other reports and documents so filed by the Company as the
Holder may reasonably request in writing in complying with any rule or
regulation of the SEC allowing the Holder to sell any such securities without
registration.

     

    2.8           Assignment of Registration
Rights.

     

    The
rights to have the Company register Registrable Securities pursuant to this
Agreement may be assigned by the Holders to transferees or assignees of such
Securities; provided, that the Company is, within a reasonable time after such
transfer, furnished with written notice of the name and address of such
transferee or assignee and the securities with respect to which such
registration rights are being assigned; and provided, further, that the
transferee or assignee of such rights assumes in writing the obligations of such
Holder under this Agreement. The term “Holder(s)” as used in this Agreement
shall include such permitted assigns.

     

    2.9           Waivers and
Amendments.

     

    With the
written consent of the Holders of more than 50% of the Registrable Securities
then outstanding and the Company, the obligations of the Company and the rights
of the Holders of the Registrable Securities pursuant to Section 2 hereof may be
waived (either generally or in a particular instance, either retroactively or
prospectively and either for a specified period of time or indefinitely), and
with the same consent, the Company, when authorized by resolution of its Board
of Directors, may enter into a supplementary agreement for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions
of Section 2 hereof; provided, however, that no such modification, amendment or
waiver shall reduce the percentage of the Holders of Registrable Securities
required to amend or modify Section 2 hereof unless the consent of a majority of
the Holders of the Registrable Securities then outstanding has been obtained.
Upon the effectuation of each such waiver, consent, agreement of amendment or
modification, the Company shall promptly give written notice thereof to the
record Holders of the Registrable Securities who have not previously consented
thereto in writing.

     

    3.           Changes in Capital
Stock.

     

    If, and
as often as, there is any change in the capital stock of the Company by way of a
stock split, stock dividend, combination or reclassification, or through a
merger, consolidation, reorganization or recapitalization, or by any other
means, appropriate adjustment shall be made in the provisions hereof so that the
rights and privileges granted hereby shall continue as so changed.

     

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    4.           Representations, Warranties
and Covenants of the Company.

     

    The
Company represents and warrants to the Holders as follows:

     

    (a)           The
execution, delivery and performance of this Agreement by the Company have been
duly authorized by all requisite corporate action and will not violate any
provision of law, any order of any court or other agency of government, the
Articles of Incorporation or By-laws of the Company or any provision of any
indenture, agreement or other instrument to which it or any or its properties or
assets is bound, conflict with, result in a breach of or constitute (with due
notice or lapse of time or both) a default under any such indenture, agreement
or other instrument or result in the creation or imposition of any lien, charge
or encumbrance of any nature whatsoever upon any of the properties or assets of
the Company or its subsidiaries.

     

    (b)           This
Agreement has been duly executed and delivered by the Company and constitutes
the legal, valid and binding obligation of the Company, enforceable in
accordance with its terms, subject to any applicable bankruptcy, insolvency or
other laws affecting the rights of creditors generally and to general equitable
principles and the availability of specific performance.

     

    The
Company covenants to the Holders as follows:

     

    (a)           Prior
to closing on any reorganization, merger or other transaction in which the
Company (or its parent as a result of such transaction) becomes subject to the
reporting obligations of the Exchange Act, the Company will require its parent
or the surviving entity to assume the obligations of the Company pursuant to
this Agreement.

     

    5.           Miscellaneous.

     

    (a)           Notices. Any notice
required or permitted by any provision of this Agreement shall be given in
writing, and shall be delivered either personally or by registered or certified
mail, postage prepaid, addressed (i) in the case of the Company, to Amber Alert
Safety Centers, Inc., 101 Roundhill Drive, 2nd Floor, Rockaway, NJ 07866,
Attention: Kai Patterson, fax: (973) 532 - 0794 (ii) in the case of any Holder
which or who is an original party to this Agreement at the address of such
Holder as set forth in the records of the Company or such other address for such
Holder(s) as shall be designated in writing from time to time by such Holder(s);
and (iii) in the case of any permitted transferee of a party to this Agreement
or its transferee, to such transferee at its address as designated in writing by
such transferee to the Company from time to time.

     

    (b)           Binding Effect. This
Agreement and each and every term, covenant and condition thereof, including all
restrictions herein contained upon the sale, transfer, assignment or other
disposition or encumbrance of stock, shall be binding upon and inure to the
benefit of the transferees, legatees, donees, heirs, executors, administrators,
personal representatives, successors and assigns of each of the
parties.

     

    (c)           Entire Agreement.
This instrument contains the entire understanding of the parties with respect to
the subject matter hereof and supersedes any prior agreements with respect to
such subject matter.

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (d)           Governing Law. This
Agreement shall be governed by and construed and enforced in accordance with the
laws of the State of Texas.

     

    (e)           Severability. The
invalidity or unenforceability of any provision hereof shall not in any way
affect the validity or enforceability of any other provision.

     

    (f)           Successors. Except as
otherwise expressly provided herein, the provisions hereof shall inure to the
benefits of, and be binding upon, the successors, assigns, heirs, executors and
administrators of the parties hereto.

     

    

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Registration Rights
Agreement effective as of the day and year first above written.

     

    AMBER
ALERT SAFETY CENTERS, INC.

    

    By: /s/ KAI
PATTERSON

    Name:  Kai
Patterson

    Title:    Chief
Executive Officer

    

    

    JOHN
THOMAS BRIDGE & OPPORTUNITY FUND, L.P.

    

    By: /s/ GEORGE R. JARKESY,
JR.

    Name:  George
R. Jarkesy, Jr.

    Title:    Managing
Member of the General Partner

    

    
 

     

     

    8ex105.htm

    Exhibit
10.05

    COMMON
STOCK PURCHASE AGREEMENT

    

     

    This Common Stock Purchase Agreement
(this “Agreement”) is
made and entered into as of the 25th day
of February, 2009 by and between Amber Ready, Inc. (formerly Amber Alert Safety
Centers, Inc.), a Nevada corporation (the “Company”), and John Thomas
Bridge & Opportunity Fund, L.P. (the “Investor”).

     

     

    ARTICLE
I.

    RECITALS

     

    1.01 Company.  The
Company has two authorized classes of its capital stock, that being its $.0001
par value common stock (the “Common Stock”) and preferred
stock (the “Preferred
Stock”).

     

    1.02 Consideration.  Each
of the Parties acknowledges that each has given and received good, valuable and
present consideration to support each of the obligations of the Parties under
this Agreement.

     

     

    ARTICLE
II.

    TRANSACTION TO BE EFFECTED
PURSUANT TO THIS AGREEMENT

     

    2.01 Issuance and Sale of Common
Stock for Cash.  Subject to the terms and conditions of this
Agreement, at the Closing, the Company shall issue and sell to the Investor, and
the Investor shall purchase from the Company, Seven Hundred Fifty Thousand
(750,000) shares of Common Stock (the “Investor’s Common Stock”) for
an aggregate purchase price of Five Thousand Dollars ($5,000).

     

    2.02 Determination of Purchase
Price for the Investor’s Common Stock.  The Company and the
Investor acknowledge that the purchase price for the Investor’s Common Stock
under this Agreement is fair and reasonable and has been determined by
negotiation, with each of the Parties considering, among other factors, the
following:

     

    (a) the need
for capital for growth; and

     

    (b) the
existence of the current global credit crisis that has had a negative impact on
the Company’s ability to obtain financing.

     

    2.03 Registration Rights
Agreement.  When issued, the Investor’s Common Stock shall have
the benefit of that certain Registration Rights Agreement dated as of the date
hereof (the “Registration
Rights Agreement”

     

    ARTICLE
III.

    CLOSINGS

     

    3.01 Purchase
Agreement.  Contemporaneously with the execution of this
Agreement, Investor and the Company shall have entered into that certain
purchase agreement (the “Purchase Agreement”) pursuant
to which, among other things, Investor will agree to purchase from the Company a
principal amount of $195,000 debenture (the “Debenture”), subject to
certain terms and conditions.

     

    3.02           Reserved.

     

    3.02 Date and Place of
Closing.  The closing (the “Closing”) hereunder with
respect to the issuance and sale of the shares of Common Stock and the
consummation of the related transactions contemplated hereby shall, subject to
the satisfaction or waiver of the applicable conditions set forth in Article
VII, take place at the offices of Brewer & Pritchard, P.C., 3 Riverway,
Suite 1800, Houston, Texas 77056 at the same time and on the same date (the
“Closing Date”) as the
closing of the sale of the Debenture.

     

    3.03 Deliveries at
Closing.

     

    (a) At, or
prior to, the Closing, the Company shall:

     

    (i) deliver
to the Investor a copy certified by the Secretary of State of the State of
Nevada of the Articles of Incorporation of the Company and all amendments
thereto;

     

    (ii) deliver
to the Investor a Secretary’s Certificate executed by the Secretary of the
Company certifying to and attaching (A) the Bylaws of the Company and all
amendments thereto, (B) the resolutions of the Board of Directors of the Company
authorizing and approving the execution, delivery and performance of this
Agreement and the Transaction Documents;

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    (iii)deliver
to the Investor a certificate evidencing the Investor’s Common Stock in
customary form and containing only the restrictive legend described in Section
5.03
below; and

     

    (iv) execute
and deliver to the Investor the Registration Rights Agreement.

     

    (b) At the
Closing, the Investor shall:

     

    (i) deliver
to the Company the purchase price for the Investor’s Common Stock;
and

     

    (ii) execute
and deliver to the Company the Registration Rights Agreement.

     

     

    ARTICLE
IV.

    REPRESENTATIONS AND
WARRANTIES OF THE COMPANY

     

    4.01 Representations and
Warranties of the Company.  The Company represents and warrants
to the Investor as set forth in this Article IV.

     

    4.02 Organization and Standing of
the Company; Authority.  The Company is a corporation duly
organized, validly existing and in good standing under the laws of Nevada with
the power and authority to own and lease its properties (as applicable) and to
carry on its business as now being conducted and is qualified and authorized to
do business, in all jurisdictions in which the character of its properties or
the nature of its businesses requires such qualification or authorization. 
The Company is duly and validly authorized by all necessary corporate action,
has full power and authority to and has taken or caused to be taken all
necessary action to authorize it to execute and deliver this Agreement and the
Transaction Documents, and to perform and comply with the terms, conditions, and
agreements set forth herein and therein.

     

    4.03 Capitalization of the
Company.  Immediately prior to execution of this Agreement and
the Closing, the Company has the capitalization as set forth in the Purchase
Agreement pursuant to Schedule 4.3 thereof.

     

    4.04 Duly
Issued.  Upon issuance and delivery to the Investor of the
Investor’s Common Stock against payment of the purchase price therefore pursuant
to this Agreement, such shares will be validly issued, fully paid and
non-assessable shares of Common Stock, and will be free and clear of all liens,
charges, restrictions, claims and encumbrances imposed by or through the
Company.

     

    4.05 No
Conflict.  The execution, delivery and performance of this
Agreement and the other Transaction Documents to which the Company is a party
will not violate the Articles of Incorporation or Bylaws of the Company and will
not violate any provision of law, or order of any court or governmental agency
affecting the Company in any respect, and will not conflict with, result in a
breach of the provisions of, constitute a default under any material agreement
binding on the Company, or result in the imposition of any lien, charge, or
encumbrance upon any assets of the Company that could have a Material Adverse
Effect.  No approval or consent from any third party not already
obtained is required in connection with the execution of or performance under
this Agreement or the Transaction Documents.

     

    4.06 Governmental Authorization:
Third Party Consents.  The Company is in compliance with all
(x) material contracts and (y) laws, rules or regulations, orders, judgments,
writs, injunctions, decrees, determinations, awards of any applicable
governmental authority and all governmental approvals.  No consent or
approval of, giving of notice to, registration with, or taking of any other
action in respect of any state, federal or other governmental authority or
agency is required of the Company with respect to the execution, delivery and
performance by the Company of its obligations under this Agreement, except for
the filing of notices pursuant to applicable state securities law, which filings
will be made by the time required thereby.

     

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    ARTICLE
V.

    REPRESENTATIONS AND
WARRANTIES OF INVESTOR

     

     

    5.01 Representations and
Warranties of the Investor.  The Investor represents and
warrants to the Company as set forth in this Article V.

     

    5.02 Authorization;
Authority.  This Agreement has been duly authorized and
executed by the Investor and constitutes a valid agreement binding upon the
Investor, enforceable in accordance with its terms (except to the extent that
such enforceability may be limited by bankruptcy or similar laws affecting
creditors’ rights generally or by general equitable
principles).  Investor has the full legal right, power and authority
to enter into this Agreement and to perform such Investor’s obligations
hereunder and thereunder upon the terms and conditions herein and therein set
forth.

     

    5.03 Securities Not
Registered.  The Investor is acquiring the shares of Common
Stock being purchased for Investor’s own account and not with a view to or for
sale in connection with the distribution thereof in violation of applicable
securities laws.  Investor has been advised that the shares of the
Common Stock to be issued and sold hereunder have not been registered under the
Securities Act, or applicable state securities laws and that they must be held
indefinitely unless the offer and sale thereof are subsequently registered under
the Securities Act or any exemption from such registration is
available.  Investor acknowledges and agrees that the certificates
representing the shares of the Investor’s Common Stock will bear a restrictive
legend in substantially the following form:

     

    
      	
               
      

            	
              “THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
      LAWS.  THE SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT
      BE OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR SOLD IN THE ABSENCE OF AN
      EFFECTIVE REGISTRATION STATEMENT FOR THE SHARES UNDER THE SECURITIES ACT
      OF 1933, A “NO ACTION” LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION
      WITH RESPECT TO SUCH OFFER FOR SALE OR SALE, COMPLIANCE WITH RULE 144
      UNDER THE SECURITIES ACT OF 1933, OR AN OPINION OF COUNSEL SATISFACTORY TO
      THE CORPORATION THAT SUCH REGISTRATION IS NOT
  REQUIRED.”

            

    

    

    The
Investor further acknowledges and agrees that the Company may issue appropriate
“stop transfer” instructions to its transfer agent, if any, with respect to such
securities and/or make appropriate notations to such effect in its own transfer
records.

    

    5.04 Investment Experience,
Etc.  The Investor represents that such Investor (i) has
such knowledge and experience in financial and business matters that such
Investor is capable of evaluating the merits and risks of the purchase of the
Investor’s Common Stock, (ii) has a net worth significantly in excess of the
amount of the purchase price for the Investor’s Common Stock and is able to bear
the economic risk of a complete loss on the purchase of the Investor’s Common
Stock, and (iii) is an “accredited investor” as that term is defined in
Rule 501(a) of Regulation D under the Securities Act.

     

    5.05 Finder’s
Fees.  The Investor has not incurred any liability for
commissions or other fees to any finder, broker or agent in connection with the
transactions contemplated by this Agreement.

     

     

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
VI.

    COVENANTS OF THE
COMPANY

     

    With
respect to Section 6.01 through 6.09, until the date Investor shall own less
than fifty percent (50.0%) of the Investor’s Common Stock, the Company shall
comply with the covenants set forth in Section 6.01 through 6.09:

     

    6.01 Maintenance of Corporate
Existence, etc.  Maintain in full force and effect its
corporate existence, rights and franchises and all licenses and other rights in
or to use patents, processes, licenses, trademarks, trade names or copyrights
owned or possessed by it of any subsidiary and deemed by the Company to be
necessary to the conduct of their business.

     

    6.02 Prompt Payment of Taxes,
etc.  Promptly pay and discharge, or cause to be paid and
discharge, when due and payable, all lawful taxes, assessments and governmental
charges or levies imposed upon the income, profits, property or business of the
Company or any subsidiary; provided, however, that any such tax, assessment,
charge or levy need not be paid if the validity thereof shall currently be
contested in good faith by appropriate proceedings and if the Company shall have
set aside on its books adequate reserves with respect thereto and provided,
further, that the Company will pay all such taxes, assessments, charges or
levies forthwith upon the commencement of proceedings to foreclose any lien
which may have attached as security therefore. The Company will promptly pay or
cause to be paid when due, or in conformance with customary trade terms or
otherwise in accordance with policies related thereto adopted by the Company’s
Board of Directors, all other indebtedness incident to operations of the
Company.

     

    6.03 Accounts and
Records.  Keep true records and books of account in which full,
true and correct entries will be made of all dealings or transactions in
relation to its business and affairs in accordance with generally accepted
accounting principles applied on a consistent basis.

     

    6.04 Compliance with Requirements
of Government Authorities.  Duly observe and conform to all
valid requirements of governmental authorities relating to the conduct of their
businesses or to their properties or assets.

     

    6.05 Visits and
Inspections.  Permit representatives of each Investor, from
time to time, as often as may be reasonably requested, but only during normal
business hours and upon reasonable prior notice, to visit and inspect its
properties; inspect, audit and make extracts from its books, records and files,
including, but not limited to, management letters prepared by independent
accountants; and discuss with its principal officers and its independent
accountants, its business, assets, liabilities, financial condition, results of
operations and business prospects (and by this provision the Company authorizes
such accountants to discuss the finances and affairs of the
Company).

     

    6.06 Conduct of
Business.  Engage only in business consisting primarily of
business conducted on the Closing Date and other businesses reasonably related
thereto.

     

    6.07 Use of
Proceeds.  Use the proceeds of the sale of the Investor’s
Common Stock only for the purposes for working capital.

     

    6.08 Compliance with
Agreements.  Perform and observe all of its material
obligations to the Investor, set forth in this Agreement, the Transaction
Documents, and the Certificate of Incorporation, Bylaws or other organizational
and governing documents of the Company.

     

    6.09 Compliance with Transaction
Documents.  Comply in all material respects with each term,
condition and provision of the Articles of Incorporation, Bylaws and the other
Transaction Documents.

     

     

    ARTICLE
VII.

    CONDITION TO INVESTOR’S
OBLIGATION TO CLOSE

     

    7.01 Conditions.  The
obligation of Investor to close the purchase of the Investor’s Common Stock and
to effect the Closing shall be expressly subject to, and conditioned upon,
satisfaction of the following conditions:

     

    (a) all of
the warrants and representations of the Company being true, correct, complete
and accurate; and

     

    (b) full and
timely performance by the Company of all of its obligations and covenants under
this Agreement and each of the Transaction Documents.

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
VIII.

    INDEMNIFICATION

     

    8.01 Indemnification.  In
addition to all other sums due hereunder or provided for in this Agreement, the
Company agrees to indemnify and hold harmless Investor and its Affiliates and
their officers, directors, agents, employees, subsidiaries, partners and
controlling Persons (each, an “Indemnified Party”) to the
fullest extent permitted by law, from and against any and all out-of-pocket
losses, claims, damages, expenses (including reasonable fees, disbursements and
other charges of counsel) or other liabilities (collectively, “Liabilities”) resulting from
or arising out of (a) any breach of any representation or warranty, covenant or
agreement of the Company in this Agreement or any of the other Transaction
Documents or (b) any investigation or proceeding against the Company or any
Indemnified Party and arising out of or in connection with this Agreement or any
of the Transaction Documents, whether or not the transactions contemplated by
this Agreement are consummated, which investigation or proceeding requires the
participation of, or is commenced or filed against, any Indemnified Party
because of this Agreement, any other Transaction Document or such other
documents and the transactions contemplated hereby or thereby, provided, that
the Company shall not be liable under this Section 8.01 to an Indemnified Party for any liabilities
resulting primarily from any actions that involved the gross negligence or
willful misconduct of such Indemnified Party; and provided, further, that if and
to the extent that such indemnification is unenforceable for any reason, the
Company shall make the maximum contribution to the payment and satisfaction of
such Liabilities for which it would otherwise be liable hereunder which shall be
permissible under applicable laws.  In connection with the obligation
of the Company to indemnify for Liabilities as set forth above, the Company
further agrees, upon presentation of appropriate invoices containing reasonable
detail, to reimburse each Indemnified Party for all such Liabilities (including
reasonable fees, disbursements and other charges of counsel) as they are
incurred by such Indemnified Party; provided, that if an Indemnified Party is
reimbursed hereunder for any Liabilities, such reimbursement of Liabilities
shall be refunded to the extent it is finally judicially determined that the
Liabilities in question resulted primarily from the willful misconduct or gross
negligence of such Indemnified Party.  The obligations of the Company
under this paragraph will survive any transfer of the Investor’s Common
Stock.  In the event that the foregoing indemnity is unavailable or
insufficient to hold an Indemnified Party harmless, then the Company will
contribute to amounts paid or payable by such Indemnified Party in respect of
such Indemnified Party’s Liabilities in such proportions as appropriately
reflect the relative benefits received by and fault of the Company and such
Indemnified Party in connection with the matters as to which such Liabilities
relate and other equitable considerations.

     

    8.02 Notification.  Each
Indemnified Party under this Article VIII will, promptly after the receipt of
notice of the commencement of any action, investigation, claim or other
proceeding against such Indemnified Party in respect of which indemnity may be
sought from the Company under this Article VIII, notify the Company in writing
of the commencement thereof.  The omission of any Indemnified Party so
to notify the Company of any such action shall not relieve the Company from any
liability which it may have to such Indemnified Party under this Article VIII
unless, and only to the extent that, such omission results in the Company’s
forfeiture of substantive rights or defenses or the Company is otherwise
irrevocably prejudiced in defending such proceeding.  In case any such
action, claim or other proceeding shall be brought against any Indemnified Party
and it shall notify the Company of the commencement thereof, the Company shall
be entitled to assume the defense thereof at its own expense, with counsel
satisfactory to the Company; provided, that any Indemnified Party may, at its
own expense, retain separate counsel to participate in such
defense.  Notwithstanding the foregoing, in any action, claim or
proceeding in which both the Company, on the one hand, and an Indemnified Party,
on the other hand, is, or is reasonably likely to become, a party, such
Indemnified Party shall have the right to employ separate counsel at the
Company’s expense and to control its own defense of such action, claim or
proceeding if, (a) the Company has failed to assume the defense and employ
counsel as provided herein, (b) the Company has agreed in writing to pay such
fees and expenses of separate counsel or (c) in the reasonable opinion of
counsel to such Indemnified Party, a conflict or likely conflict exists between
the Company, on the one hand, and such Indemnified Party, on the other hand,
that would make such separate representation advisable, provided, however, that
the Company shall not in any event be required to pay the fees and expenses of
more than one separate counsel (and if deemed necessary by such separate
counsel, appropriate local counsel who shall report to such separate
counsel).  The Company agrees that it will not, without the prior
written consent of an Indemnified Party, settle, compromise or consent to the
entry of any judgment in any pending or threatened claim, action or proceeding
relating to the matters contemplated hereby (if such Indemnified Party is a
party thereto or has been actually threatened to be made a party thereto) unless
such settlement, compromise or consent includes an unconditional release of such
Indemnified Party from all liability arising or that may arise out of such
claim, action or proceeding.  The Company shall not be liable for any
settlement of any claim, action or proceeding effected against an Indemnified
Party without the prior written consent of the Company.  The rights
accorded to Indemnified Parties hereunder shall be in addition to any rights
that any Indemnified Party may have at common law, by separate agreement or
otherwise.

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
IX.

    MISCELLANEOUS

     

    9.01 Governing
Law.  This Agreement shall be governed by and construed in all
respects by the internal laws of the State of New York (except for the proper
application of the United States federal securities laws), without giving effect
to any choice of law or conflict of law provision or rule (whether of the State
of New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State of New York.

     

    9.02 Notices,
Etc.  Unless otherwise specified within a provision of this
Agreement all notices, requests, demands and other communications hereunder
shall be in writing and shall be deemed to have been duly given (i) upon
receipt, when delivered personally; (ii) upon receipt, when sent by
facsimile (provided confirmation of transmission is electronically or
mechanically generated and kept on file by the sending party); (iii) three
Business Days after deposit with the United States Mail when sent by registered
or certified mail; or (iv) one Business Day after deposit with a nationally
recognized overnight delivery service, in each case properly addressed to the
party to receive the same.  The addresses and facsimile numbers for
such communications shall be:

     

    If to the
Company:

    

    Amber
Ready, Inc.

    101
Roundhill Drive, 2nd Floor

    Rockaway,
NJ 07866

    Attention:   Kai
Patterson

    

    If to the
Investor:

    

    John
Thomas Bridge & Opportunity Fund, L.P.

    3
Riverway, Suite 1800

    Houston,
Texas  77056

    Attention:  George
Jarkesy

    

    9.03 Amendments and
Waivers.

     

    (a) This
Agreement may be terminated, amended or modified, by a written instrument
executed by (a) the Company, and (b) the Investor.

     

    (b) Any
obligation of the Company under this Agreement may be waived or excused by the
Investor.

     

    9.04 Gender.  Wherever
herein the singular number is used, the same shall include the plural, and the
masculine gender shall include the feminine and neuter genders, and vice versa,
as the context may require.

     

    9.05 Certain
Expenses.  Each party shall be responsible for their own costs
and expenses.

     

    9.06 Section and Other
Headings.  The section and other headings contained in this
Agreement are for reference purposes only and shall not in any way affect the
meaning or interpretation of this Agreement.

     

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

     

    9.08 Severability.  If
any provision of this Agreement is held by final judgment of a court of
competent jurisdiction to be invalid, illegal or unenforceable, such invalid,
illegal or unenforceable provision shall be severed from the remainder of this
Agreement, and the remainder of this Agreement shall be enforced.  In
addition, the invalid, illegal or unenforceable provision shall be deemed to be
automatically modified, and, as so modified, to be included in this Agreement,
such modification being made to the minimum extent necessary to render the
provision valid, legal and enforceable.  Notwithstanding the
foregoing, however, if the severed or modified provision concerns all or a
portion of the essential consideration to be delivered under this Agreement by
one party to the other, the remaining provisions of this Agreement shall also be
modified to the extent necessary to equitably adjust the parties’ respective
rights and obligations hereunder.

     

    9.09 Telecopy Execution and
Delivery.  A facsimile, telecopy or other reproduction of this
Agreement may be executed by one or more parties hereto, and an executed copy of
this Agreement may be delivered by one or more parties hereto by facsimile or
similar electronic transmission device pursuant to which the signature of or on
behalf of such party can be seen, and such execution and delivery shall be
considered valid, binding and effective for all purposes.  At the
request of any party hereto, all parties hereto agree to execute an original of
this Agreement as well as any facsimile, telecopy or other reproduction
hereof.

     

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    9.10 Entire
Agreement.  This Agreement and the other Transaction Documents
constitute the entire agreement between the parties with respect to the subject
matter hereof and thereof.  All proposals, negotiations and
representations (if any) made prior, and with reference to the subject matter of
this Agreement, are merged herein.  This Agreement has been negotiated
by the parties and their respective counsel and will be interpreted fairly in
accordance with its terms and without any strict construction in favor of or
against either party.  Neither the Company nor the Investor shall be
bound by any oral agreement or representation, irrespective of when
made.

     

    9.11 Survival of Representations,
Warranties and Covenants.  All of the representations and
warranties made herein shall survive the execution and delivery of this
Agreement, any investigation by or on behalf of the Investor, or acceptance of
the shares of Common Stock and payment therefore and shall survive until such
time as the shares of Common Stock have been sold or redeemed in full in
cash.  All covenants and indemnities made herein shall survive in
perpetuity, unless otherwise provided in this Agreement.

     

    9.12 Remedies
Cumulative.  No failure or delay on the part of the Company or
the Investor in exercising any right, power or remedy hereunder shall operate as
a waiver thereof, nor shall any single or partial exercise of any such right,
power or remedy preclude any other or further exercise thereof or the exercise
of any other right, power or remedy.  The remedies provided for herein
are cumulative and are not exclusive of any remedies that may be available to
the Company or the Investor at law, in equity or otherwise.

     

    9.13 Further
Assurances.  Each of the parties shall execute such documents
and perform such further acts (including, without limitation, obtaining any
consents, exemptions, authorizations, or other actions by, or giving any notices
to, or making any filings with, any Governmental Authority or any other Person)
as may be reasonably required or desirable to carry out or to perform the
provisions of this Agreement or any of the Transaction Documents.

     

    9.14 Disputes.  Each
of the parties consents to the exclusive jurisdiction of the state courts of the
State of Texas located in Harris County and the United States District Court for
the Southern District of Texas in connection with any dispute arising under this
Agreement and hereby waives, to the maximum extent permitted by law, any
objection, including any objection based on forum non convenes, to the bringing
of any such proceeding in such jurisdictions. To the extent determined by such
court, the Company shall reimburse the Investor for any reasonable legal fees
and disbursements incurred by the Investor in enforcement of or protection of
any of its rights under this Agreement.

     

    9.15 WAIVER OF JURY
TRIAL.  EACH OF THE PARTIES WAIVES ITS RIGHTS TO TRIAL BY JURY
AND AGREES TO SUBMIT ANY LAWSUIT TO TRIAL BEFORE THE COURT AND WITHOUT A
JURY.

     

     

    ARTICLE
X.

    DEFINITIONS

     

    10.01 Definitions.  As
used in this Agreement, and unless the context requires a different meaning, the
following terms have the meanings indicated:

     

    “Affiliate” means, with respect
to a Person, (a) any director, executive officer, general partner, managing
member or other manager of such Person, (b) any other Person which directly or
indirectly through one or more intermediaries, controls, or is controlled by, or
is under common control with, such Person and (c) if such Person is an
individual, any member of the immediate family (including parents, spouse and
children) of such individual, any trust whose principal beneficiary is such
individual or one or more members of such individual’s immediate family and any
Person who is controlled by any such member or trust. The term “control” means
(i) the power to vote more than 50% of the securities or other equity interests
of a Person having ordinary voting power (on a fully diluted basis), or (ii) the
possession, directly or indirectly, of any other power to direct or cause the
direction of the management and policies of a Person, whether through ownership
of voting securities, by contract or otherwise.

     

    “Agreement” means this Common
Stock Purchase Agreement, as amended, modified or supplemented from time to
time.

     

    “Articles of Incorporation”
means the Articles of Incorporation of the Company and as in effect on the
Closing Date, including, all amendments and restatements of the
same.

     

    “Board of Directors” shall mean
the group that manages the business and affairs of the Company as described in
the bylaws of the Company.

     

    “Business Day” means any day
other than a Saturday, Sunday or other day on which commercial banks in Houston,
Texas are authorized or required by law or executive order to
close.

     

    “Code” means the Internal
Revenue Code of 1986, as amended, or any successor
statute  thereto.

     

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    “Commission” means the
Securities and Exchange Commission or any similar agency then having
jurisdiction to enforce the Securities Act.

     

    “Common Stock” has the meaning
set forth in Section 1.01 of this Agreement.

     

    “Company” means Amber Ready,
Inc. (formerly Amber Alert Safety Centers, Inc.), a Nevada
corporation.

     

    “GAAP” means generally accepted
United States accounting principles set forth in the opinions and pronouncements
of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting
Standards Board that are applicable to the circumstances as of the date of
determination.

     

    “Governmental Authority” means
the government of any nation, state, city, locality or other political
subdivision of any thereof, any entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government,
and any corporation or other entity owned or controlled, through stock or
capital ownership or otherwise, by any of the foregoing.

     

    “Material Adverse Change” means
a material adverse change in the business, assets, operations, condition
(financial or otherwise), results of operations or prospects of the Company or
any Subsidiary of the Company.

     

    “Material Adverse Effect” means
a material adverse effect upon the business, assets, operation, condition
(financial or otherwise), results of operations or prospects of the Company or
any Subsidiary of the Company.

     

    “Person” means any individual,
firm, corporation, partnership, trust, limited liability company, incorporated
or unincorporated association, joint venture, joint stock company, Governmental
Authority or other entity of any kind, and shall include any successor (by
merger or otherwise) of such entity.

     

    “Subsidiary” means, as to any
Person, (i) any corporation more than fifty percent (50%) of whose stock of any
class or classes having by the terms thereof ordinary voting power to elect a
majority of the directors of such corporation (irrespective of whether or not at
the time stock of any class or classes of such corporation shall have or might
have voting power by reason of the happening of any contingency) is at the time
owned such Person and/or one or more Subsidiaries of such Person and (ii) any
partnership, limited liability company, association, joint venture or other
entity in which such Person and/or one or more Subsidiaries of such Person has
more than a 50% equity interest at the time.

     

    “Transaction Documents” means,
collectively, this Agreement, the Debenture, the Purchase Agreement, the Amended
Security Agreement, the Registration Rights Agreement, and all other documents,
certificates or agreements entered into or delivered in connection with any of
the foregoing.

     

    “United States” and “U.S.” shall mean the United
States of America.

     

    10.02 Accounting Terms: Financial
Statements.  All accounting terms used herein not expressly
defined in this Agreement shall have the respective meanings given to them in
accordance with sound accounting practice.  The term “sound accounting
practice” shall mean such accounting practice as, in the opinion of the
independent certified public accountants regularly retained by the Company,
conforms at the time to GAAP applied on a consistent basis except for changes
with which such accountants concur.

     

    [signature
page follows]

     

    

     

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the parties have
duly executed this Agreement as of the day and year first above
written.

    

    

    AMBER
READY, INC.

    

    By: /s/ KAI
PATTERSON

    Name:  Kai
Patterson

    Title:    Chief
Executive
Officer

    

    

    INVESTOR:

    

    JOHN
THOMAS BRIDGE & OPPORTUNITY FUND, L.P.

    

    By: /s/ GEORGE R. JARKESY,
JR.

    Name:  George
R. Jarkesy, Jr.

    Title:    Managing
Member of the
General Partner

    

    
 

     

    9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]