Document:

exv10w1

 

EXHIBIT 10.1

AD.VENTURE PARTNERS, INC.

STOCK PURCHASE AGREEMENT

     This Stock Purchase Agreement (the “Agreement”) is made as of the 12th day of
April, 2005, by and between ad.venture partners, inc., a Delaware corporation (the
“Company”), and Howard S. Balter (“Purchaser”).

     Whereas, the Company desires to issue, and Purchaser desires to acquire, stock of the
Company as herein described, on the terms and conditions hereinafter set forth;

     Now, Therefore, It Is Agreed between the parties as follows:

     1. Purchase and Sale of Stock. Purchaser hereby agrees to purchase from the Company, and the
Company hereby agrees to sell to Purchaser, an aggregate of one million six hundred eighty-seven
thousand five hundred (1,687,500) shares of the Common Stock of the Company (the “Stock”) at
$0.0002667 per share, for an aggregate purchase price of $450.00. The closing hereunder, including
payment for and delivery of the Stock shall occur at the offices of the Company immediately
following the execution of this Agreement, or at such other time and place as the parties may
mutually agree.

     2. Limitations on Transfer. Purchaser shall not assign, hypothecate, donate, encumber or
otherwise dispose of any interest in the Stock except in compliance with the applicable securities
laws.

     3. Restrictive Legends. All certificates representing the Stock shall have endorsed thereon
legends in substantially the following forms (in addition to any other legend which may be required
by other agreements between the parties hereto):

          (a) “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF
COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.”

          (b) Any legend required by appropriate blue sky officials.

     4. Investment Representations. In connection with the purchase of the Stock, Purchaser
represents to the Company the following:

          (a) Purchaser is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and

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knowledgeable decision to acquire the Stock. Purchaser is purchasing the Stock for investment
for Purchaser’s own account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Act”).

          (b) Purchaser understands that the Stock has not been registered under the Act by reason of a
specific exemption therefrom, which exemption depends upon, among other things, the bona fide
nature of Purchaser’s investment intent as expressed herein.

          (c) Purchaser further acknowledges and understands that the Stock must be held indefinitely
unless the Stock is subsequently registered under the Act or an exemption from such registration is
available. Purchaser understands that the certificate evidencing the Stock will be imprinted with
a legend which prohibits the transfer of the Stock unless the Stock is registered or such
registration is not required in the opinion of counsel for the Company.

          (d) Purchaser is familiar with the provisions of Rules 144, under the Act, as in effect from
time to time, which, in substance, permit limited public resale of “restricted securities”
acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in
a non-public offering subject to the satisfaction of certain conditions. Unless the Company
registers the stock under the Act, the Stock may be resold by Purchaser only in certain limited
circumstances subject to the provisions of Rule 144, which requires, among other things: (i) the
availability of certain public information about the Company and (ii) the resale occurring
following the required holding period under Rule 144 after the Purchaser has purchased, and made
full payment of (within the meaning of Rule 144), the securities to be sold.

          (e) Purchaser further understands that at the time Purchaser wishes to sell the Stock there
may be no public market upon which to make such a sale, and that, even if such a public market then
exists, the Company may not be satisfying the current public information requirements of Rule 144,
and that, in such event, Purchaser would be precluded from selling the Stock under Rule 144 even if
the minimum holding period requirement had been satisfied.

          (f) Purchaser represents that Purchaser is an “accredited investor” as that term is defined
in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the Act.

     5. No Employment Rights. This Agreement is not an employment contract and nothing in this
Agreement shall affect in any manner whatsoever the right or power of the Company (or a parent or
subsidiary of the Company) to terminate Purchaser’s employment for any reason at any time, with or
without cause and with or without notice.

     6. Miscellaneous.

          (a) Notices. All notices required or permitted hereunder shall be in writing and shall be
deemed effectively given: (I) upon personal delivery to the party to be notified, (ii) when sent by
confirmed telex or facsimile if sent during normal business hours of the recipient, and if not
during normal business hours of the recipient, then on the next business day, (iii) five (5)
calendar days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (iv) one (1) business day after deposit with a nationally recognized overnight
courier, specifying next day delivery, with written verification of receipt. All

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communications shall be sent to the other party hereto at such party’s address hereinafter set
forth on the signature page hereof, or at such other address as such party may designate by ten
(10) days advance written notice to the other party hereto.

          (b) Successors and Assigns. This Agreement shall inure to the benefit of the successors and
assigns of the Company and, subject to the restrictions on transfer herein set forth, be binding
upon Purchaser, Purchaser’s successors, and assigns.

          (c) Attorneys’ Fees; Specific Performance. Purchaser shall reimburse the Company for all
costs incurred by the Company in enforcing the performance of, or protecting its rights under, any
part of this Agreement, including reasonable costs of investigation and attorneys’ fees.

          (d) Governing Law; Venue. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York. The parties agree that any action brought by either party
to interpret or enforce any provision of this Agreement shall be brought in, and each party agrees
to, and does hereby, submit to the jurisdiction and venue of, the appropriate state or federal
court for the district encompassing the Company’s principal place of business.

          (e) Further Execution. The parties agree to take all such further action(s) as may reasonably
be necessary to carry out and consummate this Agreement as soon as practicable, and to take
whatever steps may be necessary to obtain any governmental approval in connection with or otherwise
qualify the issuance of the securities that are the subject of this Agreement.

          (f) Independent Counsel. Purchaser acknowledges that this Agreement has been prepared on
behalf of the Company by Cooley Godward LLP, counsel to the Company and that Cooley Godward LLP
does not represent, and is not acting on behalf of, Purchaser. Purchaser has been provided with an
opportunity to consult with Purchaser’s own counsel with respect to this Agreement.

          (g) Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the
parties with respect to the subject matter hereof and supersedes and merges all prior agreements or
understandings, whether written or oral. This Agreement may not be amended, modified or revoked,
in whole or in part, except by an agreement in writing signed by each of the parties hereto.

          (h) Severability. If one or more provisions of this Agreement are held to be unenforceable
under applicable law, the parties agree to renegotiate such provision in good faith. In the event
that the parties cannot reach a mutually agreeable and enforceable replacement for such provision,
then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement
shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement
shall be enforceable in accordance with its terms.

          (i) Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original and all of which together shall constitute one instrument.

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     In Witness Whereof, the parties hereto have executed this Agreement as of the day and
year first above written.

	 	 	 	 	 
	 	 	ad.venture partners, inc.
	 
	 	 	 	 
	

	 	By:
	 	/s/ Ilan M. Slasky
	

	 	 	 	 
	

	 	 	 	Ilan M. Slasky
	 
	 	 	 	 
	

	 	Title:
	 	President
	

	 	 	 	 
	 
	 	 	 	 
	 	 	Purchaser:
	 
	 	 	 	 
	 	 	/s/ Howard S. Balter
	 	 	 
	 	 	Howard S. Balter

4.exv10w2

 

EXHIBIT 10.2

AD.VENTURE PARTNERS, INC.

STOCK PURCHASE AGREEMENT

     This Stock Purchase Agreement (the “Agreement”) is made as of the 12th day of
April, 2005, by and between ad.venture partners, inc., a Delaware corporation (the
“Company”), and Ilan M. Slasky (“Purchaser”).

     Whereas, the Company desires to issue, and Purchaser desires to acquire, stock of the
Company as herein described, on the terms and conditions hereinafter set forth;

     Now, Therefore, It Is Agreed between the parties as follows:

     1. Purchase and Sale of Stock. Purchaser hereby agrees to purchase from the Company, and the
Company hereby agrees to sell to Purchaser, an aggregate of one million six hundred eighty-seven
thousand five hundred (1,687,500) shares of the Common Stock of the Company (the “Stock”) at
$0.0002667 per share, for an aggregate purchase price of $450.00. The closing hereunder, including
payment for and delivery of the Stock shall occur at the offices of the Company immediately
following the execution of this Agreement, or at such other time and place as the parties may
mutually agree.

     2. Limitations on Transfer. Purchaser shall not assign, hypothecate, donate, encumber or
otherwise dispose of any interest in the Stock except in compliance with the applicable securities
laws.

     3. Restrictive Legends. All certificates representing the Stock shall have endorsed thereon
legends in substantially the following forms (in addition to any other legend which may be required
by other agreements between the parties hereto):

          (a) “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF
COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.”

          (b) Any legend required by appropriate blue sky officials.

     4. Investment Representations. In connection with the purchase of the Stock, Purchaser
represents to the Company the following:

     (a) Purchaser is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and

1.

 

knowledgeable decision to acquire the Stock. Purchaser is purchasing the Stock for investment
for Purchaser’s own account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Act”).

          (b) Purchaser understands that the Stock has not been registered under the Act by reason of a
specific exemption therefrom, which exemption depends upon, among other things, the bona fide
nature of Purchaser’s investment intent as expressed herein.

          (c) Purchaser further acknowledges and understands that the Stock must be held indefinitely
unless the Stock is subsequently registered under the Act or an exemption from such registration is
available. Purchaser understands that the certificate evidencing the Stock will be imprinted with
a legend which prohibits the transfer of the Stock unless the Stock is registered or such
registration is not required in the opinion of counsel for the Company.

          (d) Purchaser is familiar with the provisions of Rules 144, under the Act, as in effect from
time to time, which, in substance, permit limited public resale of “restricted securities”
acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in
a non-public offering subject to the satisfaction of certain conditions. Unless the Company
registers the stock under the Act, the Stock may be resold by Purchaser only in certain limited
circumstances subject to the provisions of Rule 144, which requires, among other things: (i) the
availability of certain public information about the Company and (ii) the resale occurring
following the required holding period under Rule 144 after the Purchaser has purchased, and made
full payment of (within the meaning of Rule 144), the securities to be sold.

          (e) Purchaser further understands that at the time Purchaser wishes to sell the Stock there
may be no public market upon which to make such a sale, and that, even if such a public market then
exists, the Company may not be satisfying the current public information requirements of Rule 144,
and that, in such event, Purchaser would be precluded from selling the Stock under Rule 144 even if
the minimum holding period requirement had been satisfied.

          (f) Purchaser represents that Purchaser is an “accredited investor” as that term is defined
in Rule 501 of Regulation D promulgated by the Securities and Exchange Commission under the Act.

     5. No Employment Rights. This Agreement is not an employment contract and nothing in this
Agreement shall affect in any manner whatsoever the right or power of the Company (or a parent or
subsidiary of the Company) to terminate Purchaser’s employment for any reason at any time, with or
without cause and with or without notice.

     6. Miscellaneous.

          (a) Notices. All notices required or permitted hereunder shall be in writing and shall be
deemed effectively given: (I) upon personal delivery to the party to be notified, (ii) when sent by
confirmed telex or facsimile if sent during normal business hours of the recipient, and if not
during normal business hours of the recipient, then on the next business day, (iii) five (5)
calendar days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (iv) one (1) business day after deposit with a nationally recognized overnight
courier, specifying next day delivery, with written verification of receipt. All

2.

 

communications shall be sent to the other party hereto at such party’s address hereinafter set
forth on the signature page hereof, or at such other address as such party may designate by ten
(10) days advance written notice to the other party hereto.

          (b) Successors and Assigns. This Agreement shall inure to the benefit of the successors and
assigns of the Company and, subject to the restrictions on transfer herein set forth, be binding
upon Purchaser, Purchaser’s successors, and assigns.

          (c) Attorneys’ Fees; Specific Performance. Purchaser shall reimburse the Company for all
costs incurred by the Company in enforcing the performance of, or protecting its rights under, any
part of this Agreement, including reasonable costs of investigation and attorneys’ fees.

          (d) Governing Law; Venue. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York. The parties agree that any action brought by either party
to interpret or enforce any provision of this Agreement shall be brought in, and each party agrees
to, and does hereby, submit to the jurisdiction and venue of, the appropriate state or federal
court for the district encompassing the Company’s principal place of business.

          (e) Further Execution. The parties agree to take all such further action(s) as may reasonably
be necessary to carry out and consummate this Agreement as soon as practicable, and to take
whatever steps may be necessary to obtain any governmental approval in connection with or otherwise
qualify the issuance of the securities that are the subject of this Agreement.

          (f) Independent Counsel. Purchaser acknowledges that this Agreement has been prepared on
behalf of the Company by Cooley Godward LLP, counsel to the Company and that Cooley Godward LLP
does not represent, and is not acting on behalf of, Purchaser. Purchaser has been provided with an
opportunity to consult with Purchaser’s own counsel with respect to this Agreement.

          (g) Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the
parties with respect to the subject matter hereof and supersedes and merges all prior agreements or
understandings, whether written or oral. This Agreement may not be amended, modified or revoked,
in whole or in part, except by an agreement in writing signed by each of the parties hereto.

          (h) Severability. If one or more provisions of this Agreement are held to be unenforceable
under applicable law, the parties agree to renegotiate such provision in good faith. In the event
that the parties cannot reach a mutually agreeable and enforceable replacement for such provision,
then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement
shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement
shall be enforceable in accordance with its terms.

          (i) Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original and all of which together shall constitute one instrument.

3.

 

     In Witness Whereof, the parties hereto have executed this Agreement as of the day and
year first above written.

	 	 	 	 	 
	 	 	ad.venture partners, inc.
	 
	 	 	 	 
	

	 	By:
	 	  /s/ Howard S. Balter
	

	 	 	 	 
	

	 	 	 	  Howard S. Balter
	 
	 	 	 	 
	

	 	Title:
	 	Chief Executive Officer
	

	 	 	 	 
	 
	 	 	 	 
	 	 	Purchaser:
	 
	 	 	 	 
	 	 	/s/ Ilan M. Slasky
	 	 	 
	 	 	Ilan M. Slasky

4.

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