Document:

Exhibit 10.2

Exhibit 10.2

FIRST AMENDMENT

OF PURCHASE AGREEMENT

This First Amendment of Share Purchase Agreement (the “Amendment”) is made as of January 1, 2009 by
and between Stuart Discount (“SELLER”), Telestar Acquisition Corporation, a Pennsylvania
Corporation and Tele-Response Center, Inc., a Tennessee Corporation (collectively hereinafter
“121DR” or “Company”) and International Consolidated Companies, Inc., a Florida corporation
(“BUYER”).

RECITALS

WHEREAS, SELLER and BUYER have previously entered into that certain Share Purchase Agreement dated
December 18, 2008 (the “Original Agreement”); a copy of which is annexed hereto as Exhibit “A”.

WHEREAS, the parties wish to extend the closing set forth in the Original Agreement, with such new
closing to be effective on an exact date to be established by both parties, but prior to January
31, 2009

NOW, THEREFORE, in consideration of the above recitals, the terms and covenants of this agreement,
and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:

1. The parties hereto acknowledge and agree that this Amendment shall in no way act as a waiver of
any of the conditions and obligations imposed upon them by the Original Agreement, and any rights
and remedies which either of them may have by virtue of the Original Agreement are to be considered
as of full force and effect.

2. All capitalized terms in this Amendment that are not defined herein shall have the meanings
assigned to such terms in the Original Agreement.

3. Except as otherwise provided in this Amendment, the parties hereto acknowledge and agree that
all of the terms, conditions and provisions of the Original Agreement are by reference made a part
of, and shall apply to, this Amendment.

 

1

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective duly authorized legal representatives as of the date first above written.

SELLER

Stuart Discount
 

By: /S/ Stuart Discount     

Stuart Discount, Individually

TELESTAR ACQUISITION CORPORATION

By: /S/ Stuart Discount     

Stuart Discount, President

TELE-RESPONSE CENTER, INC.

By: /S/ Stuart Discount     

Stuart Discount, President
 

BUYER

International Consolidated Companies, Inc.

By: /S/ Antonio F. Uccello, III     

Antonio F. Uccello, III, President and Chief Executive Officer

 

2Exhibit 10.3

Exhibit 10.3

SECOND AMENDMENT

OF PURCHASE AGREEMENT

This Second Amendment of Share Purchase Agreement (the
“Amendment”) is made as of January 31, 2009 by and between Stuart Discount (“SELLER”),
Telestar Acquisition Corporation, a Pennsylvania Corporation and Tele-Response Center, Inc., a Tennessee Corporation
(collectively hereinafter “121DR” or “Company”) and International Consolidated Companies, Inc.,
a Florida corporation (“BUYER”).

RECITALS

WHEREAS, SELLER and BUYER have previously entered into that certain
Share Purchase Agreement dated December 18, 2008 (the “Original Agreement”); a copy of which attached
hereto as Exhibit “A”.

WHEREAS, the parties wish to extend the closing set forth in the
Original Agreement, with such new closing to be effective on an exact date to be established by both parties, but prior
to February 15, 2009

NOW, THEREFORE, in consideration of the above recitals, the
terms and covenants of this agreement, and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows:

1. The parties hereto acknowledge and agree that this Amendment shall
in no way act as a waiver of any of the conditions and obligations imposed upon them by the Original Agreement, and any
rights and remedies which either of them may have by virtue of the Original Agreement are to be considered as of full
force and effect.

2. All capitalized terms in this Amendment that are not defined herein
shall have the meanings assigned to such terms in the Original Agreement.

3. Except as otherwise provided in this Amendment, the parties hereto
acknowledge and agree that all of the terms, conditions and provisions of the Original Agreement are by reference made
a part of, and shall apply to, this Amendment.

1

1

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed by their respective duly authorized legal representatives as of the date first above written.

SELLER 

Stuart Discount

By: /S/ Stuart
Discount                                            

Stuart Discount, Individually

TELESTAR ACQUISITION CORPORATION

By: /S/ Stuart
Discount                                              

Stuart
Discount, President

TELE-RESPONSE CENTER, INC.

By: /S/ Stuart
Discount                                               

Stuart
Discount, President

BUYER 

International Consolidated Companies, Inc.

By: /S/ Antonio F. Uccello,
III                                   

Antonio
F. Uccello, III, President and Chief Executive Officer

2

2Exhibit 10.4

Exhibit 10.4

INTERNATIONAL CONSOLIDATED COMPANIES, INC.

SERIES B PREFERRED STOCK

Section I.

Designation and Amount.

There is hereby authorized to be issued out of the authorized and unissued shares of preferred
stock of the Corporation a class of preferred stock designated as the “Class B Preferred Stock”
(“Class B Preferred Stock”) and the number of shares constituting such class shall be 2,500.

Section II.

Voting Rights.

Holders of the Class B Preferred Stock shall have a number of votes equal to the number of shares
of Common Stock issuable upon conversion of the Class B Preferred Stock. The Class B Preferred
Stock will vote together with the Common Stock as a separate class, except as provided herein or as
otherwise required by law.

Section III.

Redemption and Liquidation Rights.

The Corporation shall have the right to and may, in its discretion, redeem the Class B Preferred
Stock at the price of $460.00 per share, plus any unpaid dividends. Unless redeemed earlier, all
outstanding Class B Preferred Stock shall be redeemed no later than December 31, 2013.

In the event of any liquidation, dissolution or winding up of the Corporation, either voluntary or
involuntary, after setting apart or paying in full the preferential amounts due to holders of
senior capital stock, if any, the holders of Class B Preferred Stock, if any, shall be entitled to
receive, prior and in preference to any distribution of any of the assets or surplus funds of the
Corporation to the holders of junior capital stock, including Common Stock, an amount equal to
$460.00 per share plus any unpaid dividends with respect to the Class B Preferred Stock. A
consolidation or merger of the Corporation or the sale, lease or transfer by the Corporation of all
or substantially all of its assets shall be deemed a liquidation, dissolution or winding up of the
Corporation for purposes of this Section.

 

 

 

Section IV.

Conversion Rights

Each share of Class B Preferred Stock shall be convertible into shares of registered Common Stock
determined by dividing the then effective conversion price, as adjusted, into the original issue
price of the Class B Preferred Stock, at the option of the holder, at any time and from time to
time. Holder shall effect conversions by providing the Corporation with a form of conversion
notice. The initial conversion rate shall be 1-to-1.

Section V.

Dividend

Dividends of $41.40 per annum per share of Class B Preferred Stock shall accrue and be paid in
equal monthly installments on the 1st day of each month, whether or not declared. The
dividends shall be cumulative if not paid.

Section VI.

Anti-Dilution Provisions

Shares of Class B Preferred Stock initially will be convertible into shares of Common Stock at a
ratio of 1-to-1. The conversion ratio will be adjusted proportionately for stock splits, stock
dividends and recapitalizations. The conversation ratio also will be adjusted for issuance of
Common Stock or Common Stock equivalents at a purchase price less than the then applicable
conversion price (the “Conversion Price”) or the fair market value of such shares, whichever is
greater. In such event such Conversion Price shall be reduced concurrently with such issuance to a
price equal to the consideration per share received by the Corporation upon such issuance of
additional shares of Common Stock or Common Stock equivalents.

 

 

 

Section VII.

Protective Provisions

The consent of holders of at least a majority of the Class B Preferred Stock shall be required for
any of the following: (i) the payment or the declaration of any dividend on the Common Stock or
the repurchase of any shares of Common Stock other than pursuant to repurchase agreements entered into at the time of the issuance of such shares to employees or
consultants; (ii) any action which would increase or decrease the authorized number of Class B
Preferred Stock of the Corporation or would alter or change or otherwise adversely affect the
preferences, rights, privileges or powers of, or the restrictions provided for the benefit of, the
Class B Preferred Stock; (iii) the issuance of Class B Preferred Stock or any capital stock having
rights greater than the Class B Preferred Stock, (iv) the authorization, issuance or obligation to
issue shares of any equity security, including securities exercisable into equity securities, or
reclassification of existing stock having parity with or any preference or priority superior to any
preference or priority of the Class B Preferred Stock; (v) the issuance or authorization of any
debt in excess of $1 million, (vi) action resulting in a change in the Corporation’s business or in
a material change to the Corporation’s business plan; or (vii) a merger or consolidation of the
Corporation with or into any other corporation or corporations, or the sale of all or substantially
all of the assets of the Corporation.

Section VIII.

Other Rights.

Except as otherwise stated herein, there are no other rights, privileges, or preferences attendant
or relating to in any way the Class B Preferred Stock, including by way of illustration but not
limitation, those concerning dividend, ranking, conversion, other redemption, participation, or
anti-dilution rights or preferences.

Section IX.

Definitions.

As used in herein, the following terms shall have the following meanings (with terms defined in the
singular having comparable meanings when used in the plural and vice versa), unless the context
otherwise requires:

“Common Stock” means any and all shares of the Corporation’s $0.001 par value common stock.

“Corporation” means International Consolidated Companies, Inc., a Florida corporation, and
its successors.

 

 

 

“Class B Preferred Stock” has the meaning ascribed to it in Section I hereof.

“Holder” means a holder of a share or shares of Class B Preferred Stock as reflected in the
stock records of the Corporation.

IN WITNESS WHEREOF, the Corporation has caused this Certificate of Designation of Series B
Preferred Stock to be duly executed by its Chief Executive Officer and attested to by its Secretary
this 3rd day of January, 2009, who, by signing their names hereto, acknowledge that this
Certificate of Designation is the act of the Corporation and state to the best of their knowledge,
information and belief, under the penalties of perjury, that the above matters and facts are true
in all material respects.

INTERNATIONAL CONSOLIDATED COMPANIES, INC.

By:/S/ Antonio F. Uccello III

Antonio F. Uccello III,

President / Chief Executive Officer

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