Document:

ex10-2.htm

    
      

    

    Exhibit 2(a)

    PROMISSORY NOTE

     

    
      	
              $500,000

            	
              Itasca,
      Illinois

              September
      8, 2008

            

    

     

    FOR VALUE RECEIVED, M-WAVE, INC. (the
“Promisor”), hereby promises to pay to the order of M-WAVE INTERNATIONAL, LLC
(“M-Wave LLC”) the principal sum of FIVE HUNDRED THOUSAND AND 00/100 DOLLARS
($500,000), together with interest thereon at the following
rate:  twelve percent (12%) per annum.  Payments with
respect to the Note shall be made in lawful money of the United States of
America at 1300 Norwood Avenue, Itasca, Illinois 60143.

     

    
      	
              1.

            	
              Principal
      Payment.  Promisor is granting this Note to M-Wave LLC
      pursuant to Section 2.1(a) of an Asset Purchase Agreement (the “Purchase
      Agreement”) of even date herewith.  The amount advanced to
      Promisor represents a refundable portion of the purchase price for
      Promisor’s business as described in the Purchase
      Agreement.  Upon the closing date of the acquisition, Promisor’s
      obligations hereunder shall be extinguished.  If for any reason,
      the closing of the acquisition does not take place on or prior to
      December 31, 2008 (as such date may be extended by mutual written
      consent), the Note shall thereafter without notice become due and payable
      in full upon demand.

            

    

     

    
      	
              2.

            	
              Interest
      Payments.  Interest payments shall be made monthly on the
      same date of each month thereafter as the date of this Note and at
      maturity until the principal amount is paid in
  full.

            

    

     

    
      	
              3.

            	
              Security.  This
      Note is secured by the assets of Promisor as described in a Security
      Agreement between the parties dated of even date
  herewith.

            

    

     

    
      	
              4.

            	
              Prepayment.  This
      Note may be prepaid in whole or in part at any time without premium or
      penalty.

            

    

     

    
      	
              5.

            	
              Waiver of Presentment,
      etc.  The Promisor and every endorser now or hereafter
      appearing on this Note waives presentment, demand for payment, protest,
      notice of protest and notice of nonpayment of this
  Note.

            

    

     

    
      	
              6.

            	
              Binding
      Effect.  This Note shall be construed and enforced in
      accordance with the laws of Illinois without regard to that state’s
      conflicts of laws principles, and shall be binding upon and inure to the
      benefit of and be enforceable by the respective successors and assigns of
      M-Wave LLC and Promisor.  The Promisor may not assign this Note
      or any part thereof without M-Wave LLC’s prior written consent, in its
      sole discretion.

            

    

     

    
      
        	
                7.

              	
                Amendment.
      This
      Note may not be changed or amended orally, but only by an instrument in
      writing agreed upon by both parties, signed by the party against whom
      enforcement of the change or amendment is
  sought.

              

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              8.

            	
              Events of
      Default.  If any of the events specified in this Section 8 shall
      occur (herein individually referred to as an “Event of Default”), M-Wave
      LLC may, at its option, in addition to any other rights it may have in
      equity or at law as to all or any part of the principal and interest then
      due and owing, declare this Note mature, and all sums owing hereon and
      under any instrument or agreement executed in connection with this Note
      shall be due and payable immediately without presentment, protest, demand,
      notice of intention to accelerate, notice of acceleration, notice of
      non-payment, notice of protest, or other notice of any kind, all of which
      are hereby expressly waived by Promisor.  Each of the following
      shall be an Event of Default:

            

    

     

    
      	
               
      

            	
              (a)

            	
              The
      failure of Promisor to pay all amounts due and owing under this Note on or
      before its due date;

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      institution by Promisor of proceedings to be adjudicated as bankrupt or
      insolvent, or the consent by Promisor to institution of bankruptcy or
      insolvency proceedings against Promisor or the filing by Promisor of a
      petition or answer or consent seeking release under any statute, law or
      regulation, or the consent by Promisor to the filing of any such petition
      or the appointment of a receiver, assignee, trustee or other similar
      official of Promisor, or of any substantial part of Promisor’s property,
      or the making by Promisor of an assignment for the benefit of creditors,
      or the taking of action by Promisor in furtherance of any such action;
      or

            

    

     

    
      	
               
      

            	
              (c)

            	
              If,
      within thirty (30) days after the commencement of an action against
      Promisor (and service of process in connection therewith on Promisor)
      seeking any bankruptcy, insolvency, reorganization, liquidation,
      dissolution or similar relief under any present or future statute, law or
      regulation, such action shall not have been resolved in favor of Promisor,
      or if, within sixty (60) days after the appointment without the consent or
      acquiescence of Promisor of any trustee or receiver of Promisor, such
      appointment shall not have been
vacated.

            

    

     

    
      	
               
      

            	
              (d)

            	
              Promisor
      (i) defaults in the payment of any obligation for borrowed money or any
      obligation evidenced by bonds, debentures, notes or similar instruments,
      or any obligation under any other indebtedness (collectively, “Debt”),
      beyond the period of grace, if any, provided in the instrument or
      agreement under which such Debt was created, or (ii) defaults in the
      observance or performance of any other agreement or condition relating to
      any Debt or contained in any instrument or agreement evidencing, securing
      or relating thereto or any other event shall occur or condition exist, the
      effect of such default or other event or condition is to cause, or to
      permit, the holder or holders of such Debt (or a trustee or agent on
      behalf of such holder or holders) to cause, with the giving of notice if
      required, any such Debt to become due prior to its stated maturity (any
      such notice having been given and any applicable grace period having
      expired).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, the undersigned has executed this Note on the day and year
first written above.

     

    
      	 	 	PROMISOR:	 
	 	 	 	 	 
	 	 	M-WAVE,
    INC.	 
	 	 	 	 	 
	 	 	By: 	 	 
	 	 	Its:Exhibit
        10.1

        

      SECURITIES
        PURCHASE AGREEMENT

        

      This
        Securities Purchase Agreement (this “ Agreement ”) is dated as of September 11,
        2008, among APD Antiquities, Inc., a Nevada corporation (the “ Seller”), and
        Norbert Mang, an individual (the “Buyer”); and

        

      WHEREAS,
        subject to the terms and conditions set forth in this Agreement and pursuant
        to
        Section 4(2) of the Securities Act and Rule 506 promulgated thereunder, the
        Company desires to issue and sell to the Purchaser, and the Purchaser desires
        to
        purchase from the Company $12,500 of shares of Common Stock on the Closing
        Date.

        

      NOW,
        THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement,
        and for other good and valuable consideration the receipt and adequacy of
        which
        are hereby acknowledged, the Company and each Purchaser agrees as
        follows:

      

      ARTICLE
        1

       

      PURCHASE
        AND SALE OF COMMON STOCK

       

      1.1
        Sale
        of Common Stock.
         Upon the terms set forth herein, on the date on which Buyer and Seller
        shall mutually agree (the "Closing Date"), Seller shall sell, convey, transfer,
        assign, and deliver to Buyer, and Buyer shall purchase from Seller, the number
        of shares of Common Stock of the Company set forth on Schedule 1 attached
        hereto.

       

      ARTICLE
        2

       

      CLOSING

       

      2.1
        Closing
        Date.
         The Closing shall be consummated in accordance with Section
        1.1
        above.

       

      2.2
        Purchase
        Price.
         The purchase price for the Common Stock (the "Purchase Price") shall be
        equal to Twelve Thousand Five Hundred Dollars ($12,500)or 25,000 shares of
        restricted common stock at $.50 per share.  

       

      2.3
        Seller's
        Deliveries.
         Prior to Closing or shortly thereafter, Seller shall deliver to Buyer all
        the following:

       

      (1)
        Stock
        certificates representing 25,000 shares of Common Stock.

       

      (2)
        If so
        requested by Buyer, an opinion of counsel from the attorney for the Seller
        in
        form to be agreed upon by Buyer and Seller;

       

      (3)
        A
        Certificate of Good Standing issued by the Secretary of State of the state
        of
        Nevada;

       

      (4)
        Certificates of Good Standing from the Secretaries of State of any other
        states
        in which the Company is required to register as a foreign corporation;
        and

       

      (5)
        Any
        and all other instruments, agreements or certificates contemplated by this
        Agreement or otherwise requested by Buyer.

       

      (6)
        A
        copy of the most recent 10-KSB for the period ending December 31, 2007 and
        a
        copy of the most recent 10-QSB for the period ending June 30,
        2008.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ARTICLE
        3

       

      REPRESENTATIONS
        AND WARRANTIES

       

      3.1
        Representations
        of the Seller.
         The Seller hereby represents and warrants to Buyer as
        follows:

       

      (1)
        Corporate
        Status.
         The Company is a corporation duly organized, validly existing and in good
        standing under the laws of the State of Nevada.  The Company has the
        requisite power and authority to carry on the business as now being conducted.
         The Company is legally qualified to transact business as a foreign
        corporation in all jurisdictions where failure to be so qualified would have
        a
        material adverse effect on its business.  There is no pending or, to the
        Company's knowledge, threatened, proceeding for the dissolution, liquidation,
        insolvency or rehabilitation of the Company.

       

      (2)
        Power
        and Authority.
         The Company has the power and authority to execute and deliver this
        Agreement, to perform its obligations hereunder and to consummate the
        transactions contemplated hereby.  The Company has taken all action
        necessary to authorize its execution and delivery of this Agreement, the
        performance of its obligations hereunder and the consummation of the
        transactions contemplated hereby.  This Stock Purchase Agreement has been
        approved by the Board of Directors of the Company, pursuant to a unanimous
        written consent.

       

      (3)
        Enforceability.
         This Agreement has been duly executed and delivered by the Company and
        constitutes its legal, valid and binding obligation, enforceable against
        it in
        accordance with its terms.

       

      (4)
        Capitalization.
         All of the 1,756,000 issued and outstanding shares of common capital stock
        of the Company (i) have been duly authorized and validly issued and are fully
        paid and non-assessable, (ii) were issued in compliance with all applicable
        state and federal securities laws, and (iii) were not issued in violation
        of any
        preemptive rights or rights of first refusal.  No preemptive rights or
        rights of first refusal exist with respect to the shares of capital stock
        of the
        Company and no such rights arise by virtue of or in connection with the
        transactions contemplated hereby.  There are no outstanding or authorized
        rights, options, warrants, convertible securities, subscription rights,
        conversion rights, exchange rights or other agreements or commitments of
        any
        kind that could require the Company to issue or sell any shares of its capital
        stock (or securities convertible into or exchangeable for shares of its capital
        stock).  There are no outstanding stock appreciation, phantom stock, profit
        participation or other similar rights with respect to the Company.  There
        are no proxies, voting rights or other agreements or understandings with
        respect
        to the voting or transfer of the capital stock of the Company.  The Company
        is not obligated to redeem or otherwise acquire any of its outstanding shares
        of
        capital stock.

       

      (5)
        Shareholders
        of the Company.
         The Company's shareholders own the Common Stock free and clear of all
        liens, restrictions and claims of any kind.  Such shares are not subject to
        any voting trust agreement, proxy or other contract.

       

      (6)
        No
        Violation.
         The execution and delivery of this Agreement by the Company, the
        performance by the Company and the respective obligations hereunder and the
        consummation by the Seller of the transactions contemplated by this Agreement
        will not (i) contravene any provision of the articles of incorporation or
        bylaws
        of the Company, (ii) violate any law, statute, ordinance, rule, regulation,
        decree, writ, injunction, judgment or order of any governmental authority
        or of
        any arbitration award which is either applicable to, binding upon or enforceable
        against the Company or Seller; (iii) result in any breach of, or constitute
        a
        default (or an event which would, with the passage of time or the giving
        of
        notice or both, constitute a default) under, or give rise to a right to
        terminate, amend, modify, abandon or accelerate, any contract which is
        applicable to, binding upon or enforceable against the Company, (iv) result
        in
        or require the creation or imposition of any lien upon or with respect to
        any of
        the property or assets of the Company, or (v) require the consent, approval,
        authorization or permit of, or filing with or notification to, any governmental
        authority, any court or tribunal or any other person.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (7)
        Records.
         The copies of the articles of incorporation, bylaws and all Securities
& Exchange filings of the Company, which are available for review by the
        Buyer are true, accurate and complete and reflect all amendments made through
        the date of this Agreement.  All material corporate actions relating to the
        Company's business or relating to the transactions contemplated by this
        Agreement taken by the Company have been duly authorized or ratified.  All
        accounts, books, ledgers and official and other records of the Company and
        relating to its business or relating to the transactions contemplated by
        this
        Agreement have been fully, properly and accurately kept and completed in
        all
        material respects, and there are no material inaccuracies or discrepancies
        of
        any kind contained therein.

       

      (8)
        Litigation.
         There is no action, suit, or other legal or administrative proceeding
        relating to the Company pending or to its knowledge threatened against the
        Company or which questions the validity or enforceability of this Agreement
        or
        the transactions contemplated hereby.  There are no outstanding orders,
        decrees or stipulations relating to the Company issued by any governmental
        authority in any proceeding to which the Company is or was a party which
        have
        not been complied with in full or which continue to impose any material
        obligations on the Company.

       

      (9)
        Good
        Title to, Condition of and Adequacy of Assets.

       

      (i)
        The
        Company has good and marketable title to all of its assets, free and clear
        of
        any liens or restrictions on use.

       

      (ii)
        All
        of the Company's assets are in good operating condition, subject to normal
        wear
        and tear and have been maintained in accordance with commercially reasonable
        practices.

       

      (iii)
        All
        of the Company's assets constitute all of the assets and properties known
        to the
        Company, which are necessary for the conduct of its business in the manner
        in
        which and to the extent to which such business was conducted prior to the
        date
        hereof.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (10)
        Compliance
        with Laws.
         The Company is and has been in compliance in all material respects with
        all laws, regulations and orders applicable to its business.  The Company
        has not been cited, fined or otherwise notified of any asserted past or present
        failure to comply with any laws, regulations or orders and no proceeding
        with
        respect to any such violation is pending or to its knowledge, threatened,
        which
        could result in liabilities which would materially and adversely affect the
        Company's ability to enter into and perform its obligation under this Agreement,
        or which would materially and adversely affect its business.

       

      (11)
        Tax
        Matters.
         All tax returns previously filed with respect to the Company, or any of
        its income, properties, franchises or operations have been filed, each such
        tax
        return has been prepared in compliance with all applicable laws and regulations,
        and all such tax returns are true and complete in all respects.  All taxes
        due and payable by or with respect to the Company, whether or not reflected
        on
        the Tax Returns, have been paid or accrued on the current balance
        sheet.

       

      (12)
        Accuracy
        of Information Furnished to Buyer.
         No representation, statement or information made or furnished by the
        Company to Buyer in this Agreement contains any untrue statement of a material
        fact or omits or shall omit any material fact necessary to make the information
        contained therein not misleading.

       

      (13)
        Shares
        Issued and Outstanding.
         As of the date of the closing the Company will have a total 1,756,000
        shares of Common Stock issued and outstanding, no shares of Preferred Stock
        issued and no outstanding stock options or stock purchase warrants

      

      3.2
        Representations
        of Buyer.
         Buyer hereby represents and warrants to Seller as follows:

       

      (1)
        Status.
         Buyer is an individual and deemed to be an “accredited investor” as
        defined in Rule 501(a) of Regulation D promulgated under the Securities Act
        and
        possess the business and investment experience required to enter into this
        agreement.

       

      (2)
        Power
        and Authority.
         Buyer has the legal ability to execute and deliver this Agreement, to
        perform its obligations hereunder and to consummate the transactions
        contemplated hereby.  Buyer has taken all action necessary to authorize its
        execution and delivery of this Agreement, the performance of its obligations
        hereunder and the consummation of the transactions contemplated
        hereby.

       

      (3)
        Enforceability.
         This Agreement has been duly executed and delivered by Buyer and
        constitutes the legal, valid and binding obligation of Buyer, enforceable
        against Buyer in accordance with its terms.

       

      ARTICLE
        4

       

      ADDITIONAL
        AGREEMENTS

       

      4.1
        Further
        Assurances.
         The Company shall, from time to time after the Closing Date when so
        requested by Buyer, perform, execute, acknowledge or deliver or cause to
        be
        performed, executed, acknowledged or delivered, all such further acts, deeds,
        assignments, transfers, conveyances and assurances as may be required for
        assigning, transferring, granting, conveying, selling, assuring and confirming
        to Buyer and its successors and assigns, and for aiding and assisting in
        reducing to possession, the shares of Common Stock to Buyer as herein
        contemplated.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      4.2
        Indemnity.

       

      (1)
        The
        Company agrees to indemnify and hold harmless Buyer from and against any
        and all
        losses and expenses incurred or suffered by Buyer in connection with or arising
        from any breach by the Company of their representations, warranties and
        covenants in this Agreement.

       

      (2)
        Buyer
        agrees to indemnify and hold harmless the Company from and against any and
        all
        losses and expenses incurred or suffered by Seller and the Company in connection
        with or arising from any breach by Buyer of its representations, warranties
        and
        covenants in this Agreement.

       

      ARTICLE
        5

       

      MISCELLANEOUS

       

      5.1
        Headings.
         The subject headings of the sections and subsections of this Agreement are
        included for purposes of convenience only, and shall not affect the construction
        or interpretation of any of its provisions.

       

      5.2
        Modification
        and Waiver.
         This Agreement and the Exhibits attached hereto, constitute the entire
        agreement between the parties pertaining to the subject matter contained
        in it
        and supersedes all prior and contemporaneous agreements, representations,
        and
        understandings of the parties.  No supplement, modification, or amendment
        of this Agreement shall be binding unless executed in writing by all the
        parties.  No waiver of any of the provisions of this Agreement shall be
        deemed, or shall constitute, a waiver of any other provision, whether or
        not
        similar, nor shall any waiver constitute a continuing waiver.  No waiver
        shall be binding unless executed in writing by the party making the
        waiver.

       

      5.3
        Rights
        of Parties.
         This Agreement shall be binding upon and inure to the benefit of the
        parties hereto and their successors and permitted assigns.  Nothing in this
        Agreement, whether express or implied, is intended to confer any rights or
        remedies under or by reason of this Agreement on any person other than the
        parties to it and their respective successors and assigns, nor is anything
        in
        this Agreement intended to relieve or discharge the obligation or liability
        of
        any third person to any party to this Agreement, nor shall any provision
        give
        any third person any right of subrogation or action over against any party
        to
        this Agreement.

       

      5.4
        Notices.
         All notices, requests, demands, and other communications under this
        Agreement shall be in writing and shall be deemed to have been duly given
        on the
        date of service if served personally on the party to whom notice is to be
        given
        by commercial messenger delivery service with signature verification of
        delivery, or on the third business day after mailing if mailed to the party
        to
        whom notice is to be given, by first class mail, registered or certified,
        postage prepaid, and properly addressed as follows:

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      To
        Seller
        and the Company at:

       

      APD
        Antiquities, Inc.

      1314
        South Grand Blvd Suite 2-250

      Spokane,
        WA 99202

      

      To
        Buyer
        at:

       

      Norbert
        Mang

      26773
        SW
        Labrousse Road

      Sherwood,
        Oregon 97140, USA

       

      Any
        party
        may change its address for purposes of this paragraph by giving the other
        party
        written notice of the new address in the manner set forth above.

       

      5.5
        Governing
        Law.
         This Agreement shall be construed in accordance with, and governed by, the
        laws of the State of Nevada.

       

      IN
        WITNESS WHEREOF, the parties to this Agreement have duly executed it on the
        day
        and year first above written.

       

      
        	
                Seller
                  :

              
	 
	
                APD
                  Antiquities, Inc.

              
	 	 
	
                By:

              	
                /s/
                  Cindy K. Swank

              
	 	 
	
                Cindy
                  K. Swank, President

              
	 	 
	
                Buyer
                  :

              
	 
	
                Norbert
                  Mang

              
	 
	
                By:

              	
                /s/
                  Norbert Mang

              
	 	 
	
                Norbert
                  Mang

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      SCHEDULE
        1

      

      
        	
                Name

              	 	
                Number
                  of Shares

              
	
                Norbert
                  Mang

              	 	
                25,000

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