Document:

froz_ex1014.htm

EXHIBIT 10.14

 

ADDENDUM

TO

SECURITIES PURCHASE AGREEMENT

That certain Securities Purchase Agreement (the “Agreement”), dated the 15th day of September, 2011, by and between Tangiers Investors, LP, (“Tangiers”) and Frozen Food Gift Group, Inc. (the “Company”), is hereby modified and amended as follows:

The parties agree that in no event shall Tangiers own at anytime in the aggregate more then 9.9% of the outstanding common stock of the Company.

To the extent that Tangiers is obligated to advance money and purchase shares of the Company’s common stock under the Agreement, such obligation shall automatically be suspended in full or in part, to the extent that such purchase of shares when added to shares of the Company’s common stock already owned by Tangiers, would in the aggregate make Tangiers more than a 9.9% owner of the outstanding common stock of the Company.

Once and if Tangiers’ ownership of the shares of the Company’s common stock is reduced, by sale or otherwise, so that more common shares could be acquired by Tangiers from the Company without in the aggregate creating ownership of more than 9.9% of the Company’s common stock, then Tangiers’ obligation under the Agreement to acquire more shares from the Company shall be reinstated.

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be executed by the undersigned, thereunto duly authorized, as of the date first set forth above.

 

	
COMPANY:

	 
	
FROZEN FOOD GIFT GROUP, INC.

	 
	 	 	 
	 	/s/ Jonathan Irwin	 
	By: 	Jonathan Irwin	 
	Its: 	Chief Executive Officer	 
	 	 	 
	
INVESTOR:

	 
	
TANGIERS INVESTORS, LP

	 
	 	 
	 	/s/ Michael Sobeck	 
	By: 	
Tangiers Capital, LLC

	 
	 Its: 	
General Partnerfroz_ex1015.htm

EXHIBIT 10.15

 

STOCK PURCHASE AND NON DILUTION

OF STOCK INTEREST AGREEMENT

Effective this 16th day of February, 2012, Tangiers Investors, LP, (“Tangiers”) hereby purchases a total of 9,118,108 restricted shares (the “Shares”) of the Common Stock of Frozen Food Gift Group, Inc.(the “Company”), from the Company, on the following terms and conditions:

	
1.  

	
A cash payment of $50,000, (representing approximately $.0055/share), as the cash purchase price for the Shares, which has been concurrently delivered to the Company.

	
2.  

	
The representation of the Company that after issuance, the Shares will in the aggregate represent 71⁄2% of the outstanding Common Stock of the Company.

 

	
3.  

	
 As additional consideration to Tangiers for entering into this transaction, for a period of five years from this date, if and/or when the Company issues additional shares of its capital stock to any other party during said term, as additional shares are so issued by the Company, the Company hereby agrees to concurrently issue to Tangiers without further consideration beyond the $50,000 cash payment paid by Tangiers pursuant to the terms of this Agreement, additional shares of the Company’s restricted Common Stock in sufficient number such that in the aggregate, when the shares issued under this Agreement to Tangiers initially and the shares issued to Tangiers subsequently pursuant to this provision are combined, equal in the aggregate at least 71⁄2% of the Company’s Common Stock, calculated after all such issuances.

 

	
4.  

	
Tangiers is an “accredited investor” as defined in Rule 501(a) of the Securities Act, and is acquiring the Shares for its own account, not as a nominee or agent for any other Person, and not with a view to, or in connection with, the sale or distribution thereof in violation of the securities laws of the United States or any state thereof. Tangiers acknowledges that it has had an opportunity to discuss the business, affairs and current prospects of the Company with the Company's officers and has had access to information about the Company that it has requested, that Tangiers is able to fend for itself in making investment decisions, has the ability to bear the economic risks of its investment pursuant hereto, and has such knowledge or experience in financial and business matters that it is capable of evaluating the merits and risks of investing in the Company.

 

	
5.  

	
The Shares are restricted securities within the meaning of Rule 144 under the Securities Act and the certificate(s) representing the Shares will be stamped or otherwise imprinted with a legend substantially in the following form or other form as required by law:

 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL SUCH SECURITIES ARE REGISTERED UNDER SUCH ACT OR AN OPINION OF COUNSEL IS OBTAINED TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.

  

1

  

 

Wherefore the parties hereto have executed this Agreement effective as of the date set forth above.

 

	
FROZEN FOOD GIFT GROUP, INC.

	 
	 	 	 
	
By: 

	/s/ Jonathan Irwin	 
	 	Jonathan Irwin	 
	TITLE:	Chief Executive Officer	 
	 	 	 
	 	 
	
TANGIERS INVESTORS, LP.

	 
	 	 	 
	
By: 

	/s/ Michael Sobeck	 
	 	Michael Sobeck	 
	TITLE:	Managing Member	 

 

 

2froz_ex1016.htm

EXHIBIT 10.16

 

OPTION TO CONVERTCOMMON STOCK

INTOPREFERRED STOCKAT FUTURE DATE

 

Effective this 16th day of February, 2012, Tangiers Investors, LP,(“Tangiers”) and Frozen Food Gift Group, Inc. (the “Company”), hereby agree as follows: Whereas, concurrently with the execution of the Agreement, Tangiers purchased 9,118,108 restricted shares of the Company’s Common Stock; Now, therefore, for one dollar in hand and other valuable consideration, receipt of which is hereby acknowledged, agree as follows:

	
1.  

	
The Company hereby undertakes to in due course create a class of Series A Convertible Preferred Stock (the “Preferred”), by appropriate amendment of its Articles of Incorporation.

	
2.  

	
The Preferred shall be convertible into Common Stock on a 1 for 1 basis, have a liquidation preference of $0.0055 per Preferred Share, and shall vote equally with Common shares on a 1 for 1 basis on all matters brought before shareholders, including the election of Directors.

 

	
3.  

	
 Once said Preferred Class is established, thereafter at any time or from time to time over a five year term beginning on this date, the parties agree that Tangiers at its option shall have the right to exchange all or any part of the Common Shares issued to Tangiers by the Company pursuant to the attached Stock Purchase Agreement, for shares of the aforesaid Series A Convertible Preferred Stock, on a 1 for 1 basis.

 

	
4.  

	
4.All Series A Convertible Preferred Shares issued to Tangiers upon exercise of the rights hereby granted, shall be restricted securities within the meaning of Rule 144 under the Securities Act and the certificate(s) representing such Preferred Shares will be stamped or otherwise imprinted with a legend substantially in the following form or other form as required by law:

 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THESECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIESLAWS OF ANY STATE. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ONTRANSFERABILITY AND RESALE AND MAY NOT BE SOLD OR OTHERWISETRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL SUCHSECURITIES ARE REGISTERED UNDER SUCH ACT OR AN OPINION OF COUNSEL ISOBTAINED TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.

 

  

1

  

 

Wherefore the parties hereto have executed this Agreement effective as of the date set forth above.

 

 

	
FROZEN FOOD GIFT GROUP, INC.

	 
	 	 	 
	
By: 

	/s/ Jonathan Irwin	 
	 	Jonathan Irwin	 
	TITLE:	Chief Executive Officer	 
	 	 	 
	 	 
	
TANGIERS INVESTORS, LP.

	 
	 	 	 
	
By: 

	/s/ Michael Sobeck	 
	 	Michael Sobeck	 
	TITLE:	Managing Member	 

 

 

2froz_ex1017.htm

EXHIBIT 10.17

 

 

STOCK PURCHASE

AND

NON DILUTION OF STOCK INTEREST

AGREEMENT

 

Effective this 30th day of April, 2012, Tangiers Investors, LP, (“Tangiers”) hereby purchases a total of 3,050,000 restricted shares (the “Shares”) of the Common Stock of Frozen Food Gift Group, Inc. (the “Company”), from the Company, on the following terms and conditions:

 

1. A cash payment of $75,000 (representing $.0245/share), as the cash purchase price for the Shares, which has been concurrently delivered to the Company.

 

2. The representation of the Company that after issuance, the Shares herein purchased will in the aggregate represent 2% of the outstanding Common Stock of the Company.

 

3. As additional consideration to Tangiers for entering into this transaction, for a period of five years from this date, if and/or when the Company issues additional shares of its capital stock to any other party during said term, as additional shares are so issued by the Company, the Company hereby agrees to concurrently issue to Tangiers without further consideration beyond the $75,000 cash payment paid by Tangiers pursuant to the terms of this Agreement, additional shares of the Company’s restricted Common Stock in sufficient number such that in the aggregate, when the shares issued under this Agreement to Tangiers initially and the shares issued to Tangiers subsequently pursuant to this provision are combined, equal in the aggregate at least 2% of the Company’s Common Stock, calculated after all such issuances.

 

4.  Concurrently with the execution of this Agreement, and the issuance of stock for cash, Tangiers has entered into a consulting agreement with the Company in the form as attached hereto as Exhibit A, and by this reference incorporated herein.

 

5. Tangiers is an “accredited investor” as defined in Rule 501(a) of the Securities Act, and is acquiring the Shares for it own account, not as a nominee or agent for any other Person, and not with a view to, or in connection with, the sale or distribution thereof in violation of the securities laws of the United States or any state thereof. Tangiers acknowledges that it has had an opportunity to discuss the business, affairs and current prospects of the Company with the Company's officers and has had access to information about the Company that it has requested, that Tangiers is able to fend for itself in making investment decisions, has the ability to bear the economic risks of its investment pursuant hereto, and has such knowledge or experience in financial and business matters that it is capable of evaluating the merits and risks of investing in the Company.

 

6. The Shares are restricted securities within the meaning of Rule 144 under the Securities Act and the certificate(s) representing the Shares will be stamped or otherwise imprinted with a legend substantially in the following form or other form as required by law:

 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL SUCH SECURITIES ARE REGISTERED UNDER SUCH ACT OR AN OPINION OF COUNSEL IS OBTAINED TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.

 

  

1

  

 

Wherefore the parties hereto have executed this Agreement effective as of the date set forth above.

 

	
FROZEN FOOD GIFT GROUP, INC.

	 
	 	 	 
	
By: 

	/s/ Jonathan Irwin	 
	 	Jonathan Irwin	 
	TITLE:	Chief Executive Officer	 
	 	 	 
	 	 
	
TANGIERS INVESTORS, LP.

	 
	 	 	 
	
By: 

	/s/ Michael Sobeck	 
	 	Michael Sobeck	 
	TITLE:	Managing Member	 

 

 

2

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