Document:

EX 10.2

SECURITIES PURCHASE AGREEMENT

This Note Purchase Agreement (the “Agreement”)
dated as of June 18, 2013, by and among Shades Holdings, Inc., a Florida corporation (the “Company”), and the
purchaser identified on the signature pages hereto (the “Purchaser”).

WHEREAS, the Purchaser
desires to purchase from the Company, a promissory note in the principal amount of $200,000 in substantially the form attached
hereto as Exhibit A (the “Note”), and five-year warrants to purchase up to 1,000,000 shares of common stock
at an exercise price of $0.01, in substantially the form attached hereto as Exhibit B (the “Warrants”, and together
with the Note, the “Securities”), subject to the terms and conditions of this Agreement;

WHEREAS, the Company
desires that the Purchaser purchase the Securities;

NOW, THEREFORE,
in consideration of the foregoing and on the basis of the respective representations, warranties, covenants, agreements, undertakings
and obligations set forth herein, and intending to be legally bound hereby, the parties agree as follows:

ARTICLE 1

PURCHASE AND SALE OF THE SECURITIES

 

1.1Purchase
and Sale of Securities. Upon the terms and subject to the conditions set forth in this Agreement, the Company agrees to
sell to the Purchaser, and the Purchaser hereby agrees to purchase, from the Company, at the Closing (as defined in Section 2),
a Note in the principal amount of $200,000, and Warrants to purchase 1,000,000 shares of common stock, free of all liens, pledges,
mortgages, security interests, charges, restrictions, adverse claims or other encumbrances of any kind or nature whatsoever, for
the consideration specified herein.

ARTICLE 2

CLOSING

2.1Closing.
As used herein the Closing Date shall mean the day when all conditions precedent to (i) the Purchaser’s obligations to purchase
the Securities and (ii) the Company’s obligations to issue the Securities have been satisfied or waived. On the Closing Date,
upon the terms and subject to the conditions set forth herein, the Company shall sell to the Purchaser and the Purchaser shall
purchase from the Company the Securities, for a purchase price of $200,000 (equal to the principal amount of the Note). The closing
of the purchase and sale of the Securities is referred to herein as the “Closing”.

The Closing
Date shall occur on the date of this Agreement at the offices of Sichenzia Ross Friedman Ference LLP, New York, New York 10006,
or at such other time and place as the parties may agree.

2.2 Deliveries.

(a) On or prior
to the Closing Date, the Company shall deliver or cause to be delivered to each Purchaser:

(i) this Agreement
duly executed by the Company;

(ii) the Note
in the principal amount of $200,000; and

(iii) Warrants
for the purchase of up to 1,000,000 shares of the Company’s common stock.

(b) On or prior
to the Closing Date, the Purchaser shall deliver or cause to be delivered to the Company:

(i) this Agreement
duly executed by the Purchaser;

(iii) the purchase
price amount of $200,000 by wire to the account specified in writing by the Company, which will be released in accordance with
the terms of the escrow agreement among the Company, the Purchaser, and Sichenzia Ross Friedman Ference LLP, as escrow agent.

2.3 Closing
Conditions

(a)The obligations
of the Company hereunder in connection with the Closing are subject to the following conditions being met:

(i) the accuracy
in all material respects on the Closing Date of the representations and warranties of the Purchaser contained herein;

(ii) the delivery
by the Purchaser of the items set forth in Section 2.2 (b).

(b) The obligations
of each Purchaser hereunder in connection with the Closing are subject to the following conditions being met:

(i) all obligations,
covenants and agreements of the Company required to be performed at or prior to the Closing Date shall been performed;

(ii) the delivery
by the Company of the items set forth in Section 2.2 (a).

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

3.Representations
and Warranties of Purchaser. The Purchaser hereby represents and warrants to the Company as follows:

(a) Authority.
This Agreement has been duly executed by Purchaser, and when delivered by Purchaser in accordance with the terms hereof, will constitute
the valid and legally binding obligation of Purchaser, enforceable against it in accordance with its terms, except: (i) as limited
by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by
applicable law.

(b) Own Account.
Purchaser understands that the Securities are “restricted securities” and have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”) or any applicable state securities law and is acquiring the Securities
as principal for its own account and not with a view to or for distributing or reselling such Securities or any part thereof in
violation of the Securities Act or any applicable state securities law, has no present intention of distributing any of such Securities
in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings
with any other persons to distribute or regarding the distribution of such Securities (this representation and warranty not limiting
Purchaser’s right to sell the Securities pursuant to an effective registration statement or otherwise in compliance with
applicable federal and state securities laws) in violation of the Securities Act or any applicable state securities law.

(c) Purchaser
Status. At the time Purchaser was offered the Securities, it was, as of the date hereof it is, and as of the Closing Date it
will be an “accredited investor” as defined in Rule 501 under the Securities Act. Purchaser has (i) a preexisting personal
or business relationship with the Company or one or more of its directors, officers or control persons or (ii) by reason of Purchaser’s
business or financial experience Purchaser is capable of evaluating the risks and merits of this investment and of protecting Purchaser’s
own interests in connection with an investment in the Securities.

(d) Experience
of Purchaser. Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience
in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities,
and has so evaluated the merits and risks of such investment. Purchaser is able to bear the economic risk of an investment in the
Securities and, at the present time, is able to afford a complete loss of such investment.

(e) General Solicitation.
Purchaser is not purchasing the Securities as a result of any advertisement, article, notice or other communication regarding the
Securities published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar
or any other general solicitation or general advertisement.

(f)
Receipt of Information. Purchaser believes it has received all the information it considers necessary or appropriate for
deciding whether to purchase the Securities. Without limiting the generality of the foregoing, the Purchaser hereby acknowledges
receipt and careful review of the Company’s reports and filings with the Securities and Exchange Commission (which reports
and filings include “Risk Factors”), including all exhibits thereto, Purchaser further represents
that through its representatives it has had an opportunity to ask questions and receive answers from the Company regarding the
terms and conditions of the offering of the Securities and the business, properties and financial condition of the Company and
to obtain additional information (to the extent the Company possessed such information or could acquire it without unreasonable
effort or expense) necessary to verify the accuracy of any information furnished to it or to which it had access. 

ARTICLE 4

REPRESENTATIONS AND WARRANTIES OF COMPANY

4.Representations
and Warranties of Company. The Company hereby represents and warrants to the Purchaser as follows:

(a) Organization,
Good Standing and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the
laws of the State of Florida and has full corporate power and authority to conduct its business.

(b) Authorization;
Enforceability. The Company has all corporate right, power and authority to enter into this Agreement and to consummate the
transactions contemplated hereby. All corporate action on the part of the Company, its directors and stockholders necessary for
the (a) authorization execution, delivery and performance of this Agreement by the Company; and (b) authorization, sale, issuance
and delivery of the Securities contemplated hereby and the performance of the Company’s obligations hereunder has been taken.
This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms, subject to laws of general application relating to bankruptcy,
insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief or other equitable remedies,
and to limitations of public policy.

 

ARTICLE 5

MISCELLANEOUS

5.1 Further
Assurances. By its signature hereto, each party consents and agrees to all of the transactions contemplated hereby. Each
party hereto shall execute, deliver, file and record any and all instruments, certificates, agreements and other documents, and
take any and all other actions, as reasonably requested by any other party hereto in order to consummate the transactions contemplated
hereby.

5.2Notices.
All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
or made if (i) sent by registered or certified mail, return receipt requested, postage prepaid, (ii) hand delivered, (iii) sent
by prepaid overnight carrier, with a record of receipt or (iv) sent by facsimile (with confirmation of receipt), or (v) sent by
e-mail, to the parties at the following address (or at such other addresses as shall be specified by the parties by like notice):

(i)To the Company:

 

Shades Holdings,
Inc.

 

Shades Holdings, Inc.

20711 Sterlington Drive

Land O’Lakes, FL 34638

Attn: Chief Executive Officer

 

 

With a copy to:

Sichenzia Ross
Friedman Ference LLP

61 Broadway

New York 10006

Fax: (212) 930-9725

Attention: Darrin
Ocasio, Esq.

 

(ii)To the Purchaser: to
the addresses indicated on the signature page hereto.

 

Each notice or other communication shall
be deemed to have been given on the date received.

5.3Entire
Agreement. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, oral
and written, between the parties hereto with respect to the subject matter hereof.

 

5.4Headings.
The section and other headings contained in this Agreement are for reference purposes only and shall not be deemed to be a part
of this Agreement or to affect the meaning or interpretation of this Agreement.

 

5.5Counterparts.
This Agreement may be executed in any number of counterparts, each of which, when executed, shall be deemed to be an original and
all of which together shall be deemed to be one and the same instrument.

 

5.6Governing
Law and Jurisdiction. This Agreement shall be construed as to both validity and performance and enforced in accordance
with and governed by the laws of the State of New York, without giving effect to the conflicts of law principles thereof. Any
action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only
in the civil or state courts of New York or in the federal courts located in the State of New York. The parties executing this
Agreement and other agreements referred to herein or delivered in connection herewith on behalf of the Company agree to submit
to the jurisdiction of such courts.

 

5.7Severability.
If any term or provision of this Agreement shall to any extent be invalid or unenforceable, the remainder of this Agreement shall
not be affected thereby, and each term and provision of the Agreement shall be valid and enforced to the fullest extent permitted
by law.

 

5.8Amendments.
This Agreement may not be modified or changed except by an instrument or instruments in writing executed by the parties hereto.

 

[Remainder
of page intentionally left blank.]

 

    	 

    	 

    

 

The parties hereto
have executed this Agreement as of the date and year first above written.

 

	 	 	 
	 	SHADES HOLDINGS, INC.
	 	 	 
	 	 	 
	 	By:  /s/ Sean Lyons
	 	       Name: Sean Lyons
	 	       Title: CEO
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Purchaser
	 	 	 
	 	 	 
	 	/s/ Charles Odom
	 	   Charles Odom
	 	 	 
	 	 	 
	 	Address:  _______________________
	 	               _______________________
	 	 	 
	 	Fax: ___________________________________
	 	 	 
	 	E-mail: ___________________________________

    	 

    	 

    

 

Exhibit A

Form of Note

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

Exhibit B

Form of WarrantEX 10.3

 

 

SHADES HOLDINGS, INC.

 

AMENDED AND RESTATED PROMISSORY NOTE

 

	$200,000.00	 	                           Issue Date: June 28, 2013

 

SHADES HOLDINGS, INC.,
a Florida corporation (the “Company”), for value received, hereby promises to pay to Charles Odom, or his assigns (the
"Holder”), the principal sum of Two Hundred Thousand Dollars ($200,000.00), and to pay interest thereon at the rate
of eight percent (8.0%) per annum. Interest will begin to accrue on the Issue Date of the original Note (June 18, 2013) and shall
be computed on the basis of a 365-day year and the number of actual days elapsed. Interest will be payable on the Maturity Date
(defined below).

 

Section
1. Time and Place of Payment.

 

(a)The principal amount
outstanding hereunder shall be payable in cash on the earliest of (1) June 18, 2014 or (2) the occurrence of an Event of Default
(as defined below) (the “Maturity Date”).

 

(b)Any payment made under this Note,
whether upon acceleration, final maturity or otherwise, shall be applied first to the payment of any accrued and unpaid interest
and the balance (if any) shall be applied on account of principal.

 

(c)Whenever any payment to be made
under this Note shall be due on a Saturday, Sunday or any day on which banks are required or authorized by law or regulation to
close in New York City (any other day being a “Business Day”), such payment may be made on the next succeeding Business
Day, and such extension of time shall in such case not be included in the computation of interest accrued.

 

Section
2 Prepayments. The Company shall have the right to prepay this Note, in whole or in part, at any time.

 

Section
3 Event of Default. The occurrence of any of the following events of default (“Event of Default”) shall, at the
option of the Holder, make the remaining unpaid principal amount and any accrued interest immediately due and payable, upon demand,
without presentment or grace period, all of which hereby are expressly waived, except as set forth below:

 

(a)Failure to Pay Principal or Interest.
The Company fails to pay any installment of principal or interest under this Note when due.

 

(b)Liquidation. Any dissolution, liquidation
or winding up of the Company.

 

 

 

Section
4. Transfer Restrictions. This Note may not be transferred except upon satisfaction of all of the requirements of the Securities
Act of 1933, as amended, and applicable state securities laws.

 

Section
5. Loss of Note. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Note, and in case of loss, theft or destruction) of indemnification in form and substance acceptable to the
Company in its reasonable discretion, and upon surrender and cancellation of this Note, if mutilated, the Company shall execute
and deliver a new Note of like tenor and date.

 

Section
6. Entire Agreement. This Note represent the entire agreement and understanding between the parties concerning the subject
matter hereof and supersede all prior and contemporaneous agreements, understandings, representations and warranties with respect
thereto.

 

Section
7. Binding Effect; No Third Party Beneficiaries. All provisions of this Note shall be binding upon and inure to the benefit
of the parties and their respective heirs, legatees, executors, administrators, legal representatives, successors, and permitted
transferees and assigns. No persons other than the Holder and the Company shall have any legal or equitable right, remedy or claim
under, or in respect of, this Note.

 

Section
8.Amendments and Waivers.This Note may be amended, changed or modified only by a written instrument executed by the
Company and the Holder. Any waiver of any breach of any of the terms of this Note, and any consent required or permitted to be
given hereunder, shall be effective if in writing and executed by or on behalf of the Holder. No waiver of any breach nor consent
to any transaction shall be deemed a waiver of or consent to any other or subsequent breach or transaction.

 

Section
9.Governing Law.This Note shall be governed by and construed in accordance with the laws of the State of New York
applicable to agreements and instruments made and wholly performed and paid in that state, without regard to its conflicts of
law principles.

 

Section
10.Headings.The headings used in this Note are used for convenience only and are not to be considered in construing
or interpreting this Note.

    	 

    	 

    

 

IN WITNESS WHEREOF, the
Company has caused this Note to be signed by its duly authorized officer.

 

SHADES HOLDINGS, INC.

 

By: /s/ Lucien Lallouz

Name: Lucien Lallouz

Title: CEO

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