Document:

Exhibit 4.2

 

AGREEMENT AND PLAN OF CONVERSION

 

This AGREEMENT AND
PLAN OF CONVERSION (the “Agreement”) is dated as of December 23, 2013, by and among Scoop Media,
Inc., a Nevada corporation (“Scoop Media”) and Global Medical REIT, Inc., a Maryland corporation (the
“Corporation”).

 

RECITALS

 

A.          Scoop Media was
formed in the state of Nevada on March 18, 2011,

 

B.          Global Medical
will be a corporation organized under the laws of the State of Maryland,

 

C.          Section 92A.195
of the Nevada Revised Statutes (the “NRS”) and Title 3, Subtitle 9 of the Annotated Code of
Maryland (the “ACM”) permit the conversion of one entity into another,

 

D.          This Agreement
is being adopted in order to facilitate future capital raising efforts of Global Medical, including, but not limited to, a public
offering or other transaction involving its securities,

 

E.          Upon the terms
and subject to the conditions of this Agreement and in accordance with the NRS and the ACM, Scoop Media will be converted into
a Maryland corporation (the “Conversion”),

 

F.          A majority of
the shareholders and the Board of Directors of Scoop Media, have deemed it to be in their respective best interests, and in the
best interest of Scoop Media, for Scoop Media to adopt the Agreement and convert into a Maryland corporation at the Effective Time
(as defined below),

 

G.          In connection
with the Conversion, one (1) share of common stock, $0.001 par value per share, of Scoop Media shall be converted into one (1)
share of common stock, $0.001 par value per share of Global Medical as provided in this Agreement, and

 

H.          The Parties intend
for the transactions contemplated by this Agreement to be governed by Sections 351 and 368 of the Internal Revenue Code of 1986,
as amended (the “Code”).

 

NOW, THEREFORE, in
consideration of the premises and of the mutual covenants and agreements contained herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

 

     1

     

    

 

Article
1.

THE
CONVERSION

 

1.1          The
Conversion. At the Effective Time (as defined below), Scoop Media shall be converted into Global Medical and, for all purposes
of the laws of the State of Maryland, the Conversion shall be deemed a continuation of the existence of Scoop Media in the form
of a Maryland corporation. At the Effective Time, for all purposes of the laws of the State of Maryland, all of the rights, privileges
and powers of Scoop Media, and all property, real, personal and mixed, and all debts due to Scoop Media, as well as all other things
and causes of action belonging to Scoop Media, shall remain vested in Global Medical and shall be the property of Global Medical,
and the title to any real property vested by deed or otherwise in Scoop Media shall not revert or be in any way impaired by reason
of any provision of the NRS; but all rights of creditors and all liens upon any property of Scoop Media shall be preserved unimpaired,
and all debts, liabilities and duties of Scoop Media shall remain attached to Global Medical, and may be enforced against it to
the same extent as if said debts, liabilities and duties had originally been incurred or contracted by it in its capacity as a
corporation.

 

1.2          Effective
Time. The Conversion shall become effective upon the filing with the state of Maryland (such time of effectiveness, the
“Effective Time”): (i) the Articles of Conversion in the form Attached hereto as Exhibit A
(the “Articles of Conversion”) and (ii) the Articles of Incorporation of Global Medical in the form
attached hereto as Exhibit B (the “Articles of Incorporation”).

 

1.3          Articles
of Incorporation and Bylaws of Global Medical. At and after the Effective Time, Global Medical shall be governed by the
Articles of Incorporation and the By-Laws of Global Medical (the “By-Laws”), both of which shall be in
the forms attached hereto as Exhibit B and Exhibit C.

 

1.4          Directors
and Officers. The initial director of Global Medical shall be Conn Flanigan. The initial officers of Global Medical shall
be determined by the Board of Directors of Global Medical, promptly following the Conversion, in each case until their respective
successors are duly elected or appointed and qualified.

 

1.5          Approval.

 

(a)          Scoop
Media. The Conversion contemplated by this Agreement has been unanimously approved by the Board of Directors of Scoop Media
in the manner required by the NRS and ratified by a majority of the shareholders of Scoop Media.

 

(b)          Global
Medical. The Conversion contemplated by this Agreement has been unanimously approved by the Board of Directors of Global Medical.
No approval by the shareholders of Global Medical was required as none of its shares of stock have been issued prior to the Effective
Date.

 

1.6          Termination.
This Agreement may be terminated and/or the Conversion abandoned at any time prior to the Effective Time by the action of Scoop
Media. In the event of termination of this Agreement and/or abandonment of the Conversion, this Agreement shall become void and
of no further force and effect without liability on the part of any party hereto or their respective officers and agents.

 

     2

     

    

 

Article
2.

CONVERSION;
CERTIFICATES

 

2.1          Conversion
of Units. At the Effective Time, by virtue of the Conversion and without any action on the part of Scoop Media, its shareholders
or Global Medical, each share of common stock of Scoop Media shall be canceled, extinguished and converted into one (1) share of
common stock of Global Medical; provided, however, no fractional shares of common stock shall result from the Conversion
and shall be rounded up to the nearest whole share. All of such outstanding shares of common stock of Scoop Media when so converted,
shall no longer be outstanding and shall automatically be canceled and the former holders thereof shall cease to have any rights
with respect thereto, except the right to receive the common stock of Global Medical specified in this Section 2.1.

 

2.2          Registration
of Shares.

 

(a)          Registration
in Book-Entry. Shares of common stock issued in connection with the Conversion shall be uncertificated, and Global Medical
shall register, or cause to be registered, such shares of its common stock into which each share of Scoop Media shall have been
converted as a result of the Conversion in book-entry form.

 

(b)          No
Further Rights in Scoop Media Common Stock. The shares of common stock of Global Medial issued upon the conversion of the outstanding
shares of common stock of Scoop Media in accordance with the terms hereof shall be deemed to have been issued in full satisfaction
of all rights pertaining to such common stock, and shall, when issued, be duly authorized, validly issued, fully paid and nonassessable
shares of common stock of Global Medical, as applicable.

 

Article
3.

COVENANTS OF THE PARTIES

 

Each of the Parties
hereto agrees that:

 

3.1          Subject
to the terms and conditions of this Agreement, each Party will use their reasonable best efforts to take, or cause to be taken,
all actions and to do, or cause to be done, all things necessary or desirable to consummate the transactions contemplated by this
Agreement. Each Party shall execute and deliver such other documents, certificates, agreements and other writings and to take such
other actions as may be necessary or appropriate in order to consummate or implement expeditiously the transactions contemplated
by this Agreement.

 

3.2          The
Parties agree to treat, for U.S. federal, state and local Tax purposes, the transactions contemplated by this Agreement and the
Merger Agreement as governed by Sections 351 and 368 of Code and to report consistently with such treatment for all U.S. federal,
state and local Tax purposes. Each Party hereto has consulted with and is relying on its own tax counsel with respect to the tax
consequences of the transactions contemplated by this Agreement and the Merger Agreement.

 

     3

     

    

 

IN WITNESS WHEREOF,
Scoop Media has caused this Agreement of Conversion to be duly executed as of the date first above written.

 

	Scoop Media, Inc.	 	Global Medical REIT, Inc.
	 	 	 
	By:	
        /s/ Conn Flanigan
	 	By:	
        /s/ Conn Flanigan

	Name:	Conn Flanigan	 	Name:	Conn Flanigan
	Title:	Chief Executive Officer	 	Title:	Director, Secretary

 

     4

     

    

 

Exhibit A

Articles of Conversion

 

    A-1

     

    

 

Exhibit B

Articles of Incorporation
of Global Medical REIT Inc.

 

    B-1

     

    

 

Exhibit C

By-Laws of Global Medical
REIT Inc.

 

    C-1Exhibit 4.3

 

DEBT CONVERSION AGREEMENT

 

This DEBT CONVERSION
AGREEMENT (this “Agreement”) is dated July 17, 2014 (the “Effective Date”),
by and between Heng Fai Enterprises Limited, a Hong Kong company (“Holder”), and Global Medical REIT
Inc., a Maryland corporation (“GMR”).

 

RECITALS:

 

WHEREAS, the
Holder has lent GMR a total of $7,468,142.00 as of June 1, 2014 (the “Debt”);

 

WHEREAS, Holder
desires to convert the Debt into GMR’s convertible debenture in the form attached hereto as Exhibit A (the “Convertible
Debenture”) which convertible debenture shall be convertible into shares of GMR’s common stock, $0.001 par
value per share (the “Common Stock”) at a conversion price of $0.03187 per share and GMR desires to issue
its Convertible Debenture to Holder in exchange for the Debt; and

 

WHEREAS, Holder
and GMR intend this conversion to be completed pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended.

 

NOW, THEREFORE,
in consideration of the premises and of the terms and conditions herein contained, the parties mutually agree as follows:

 

1.           Conversion
of Debt.

 

1.1           As
of the Effective Date, the Debt shall be converted into the Convertible Debenture with a principal amount of $7,468,142.00.

 

2.           Representations
and Warranties of GMR.

 

2.1           Authorization.
The execution, delivery and performance by GMR of this Agreement and the performance of all of GMR’s obligations hereunder
have been duly authorized by all necessary corporate action, and this Agreement has been duly executed and delivered by GMR This
Agreement constitutes the valid and binding obligation of GMR enforceable in accordance with its terms. The execution and performance
of the transactions contemplated by this Agreement and compliance with its provisions by GMR will not conflict with or result in
any breach of any of the terms, conditions, or provisions of, or constitute a default under, its Articles of Incorporation or Bylaws
or any agreement to: which GMR is a party or by which it or any of its properties is bound.

 

2.2           Issuance
of Shares. The issuance and delivery of the Convertible Debenture in accordance with this Agreement has been duly authorized
by all necessary corporate action on the part of GMR, and the underlying shares of Common Stock to be delivered pursuant to the
Convertible Debenture, when so delivered, will have been duly and validly authorized and issued by the Company and will be fully
paid and nonassessable.

 

    	 	1	 

     

    

  

2.3           Binding
Obligation. Assuming the due execution and delivery of this Agreement, this Agreement constitutes the valid and binding obligation
of GMR, enforceable against GMR in accordance with its terms, subject, as to enforcement, (i) to bankruptcy, insolvency, reorganization,
arrangement, moratorium and other laws of general applicability relating to or affecting creditors’ rights and (ii) to
general principles of equity, whether such enforceability is considered in a proceeding in equity or at law.

 

3.           Miscellaneous.

 

3.1           No
Third Party Beneficiaries. This Agreement shall not confer any rights or remedies upon any person other than the parties and
their respective successors and permitted assigns.

 

3.2           Entire
Agreement. This Agreement (including the documents referred to herein) constitutes the entire agreement among the parties and
supersedes any prior understandings, agreements, or representations by or among the parties, written or oral, to the extent they
related in any way to the subject matter hereof.

 

3.3           Counterparts.
This agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

3.4           Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Maryland (without regard
to conflict of laws).

 

3.5           No
Waiver/Amendments. Any waiver by either party to this Agreement of any provision of this Agreement shall not be construed as
a waiver of any other provision of this Agreement, nor shall such waiver be construed as a waiver of such provision respecting
any future event or circumstance. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing
and signed by both parties.

 

3.6           Severability.
Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending
term or provision in any other situation or in any other jurisdiction.

 

3.7           Costs.
Each party will bear the costs and expenses incurred by it in connection with this Agreement and the transaction contemplated thereby.

 

3.8           Survival
of Terms. All representations, warranties and covenants contained in this Agreement or in any certificates or other instruments
delivered by or on behalf of the parties hereto shall be continuous and survive the execution of this Agreement.

 

3.9           Assignment.
This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit
of any assignee, subject to the terms and conditions hereof.

 

3.10         Headings.
The headings used in this Agreement are for convenience only and shall not by themselves determine the interpretation, construction
or meaning of this Agreement.

 

    	 	2	 

     

    

  

3.11         Additional
Assurances. Holder agrees to furnish to GMR, promptly upon GMR’s written request therefor, such additional documents
or instruments, if any, in connection with the conversion of the Debt into the Common Stock, GMR, or its agent may require.

 

3.12         Attorneys’
Fees and Costs. In the event any party to this Agreement shall be required to initiate legal proceedings to enforce performance
of any term or condition of this Agreement, including, but not limited to, the interpretation of any term or provision hereof the
payment of moneys or the enjoining of any action prohibited hereunder, the prevailing party shall be entitled to recover such sums
in addition to any other damages or compensation received, as will reimburse the prevailing party for reasonable attorneys’
fees and court costs incurred on account thereof (including, without limitation, the costs of any appeal) notwithstanding the nature
of the claim or cause of action asserted by the prevailing party.

 

    	 	3	 

     

    

  

IN WITNESS WHEREOF,
the Holder and GMR have caused this Agreement to be executed as of the day and year first above written.

 

	 	HOLDER
	 	 
	 	Heng Fai Enterprises Limited
	 	 
	 	By:	/s/ Tong Wan Chan
	 	 	Tong Wan Chan
	 	 
	 	Global Medical REIT, Inc.
	 	 
	 	By:	/s/ Conn Flanigan
	 	 	Conn Flanigan

 

    	 	4	 

     

    

 

Exhibit
A

 

Convertible Debenture

 

    	 	A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00259-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00259-of-00352.parquet"}]]