Document:

COMMON STOCK REPURCHASE AGREEMENT

EXHIBIT 10.14

COMMON STOCK REPURCHASE AGREEMENT

This common stock repurchase agreement (the “Agreement”) in entered into as of August 7, 2013 by and between Bright Mountain Holdings, Inc., a Florida corporation (the “Company”), and First Market, LLC (the “Stockholder”).

RECITALS

WHEREAS, the Stockholder is the holder of 150,000 (pre-split) shares of the Company’s common stock (the “Common Stock”), which the Stockholder acquired from the Company pursuant to a Consulting Agreement entered into on March 1, 2013, representing 270,000 post-split shares of the Common Stock.

WHEREAS, the Stockholder desires to sell, and the Company desires to repurchase, 150,000 (pre-split) shares of Common Stock (the “Shares”) represented by certificate numbers 49, 50, representing 270,000 post-split Shares.

NOW, THEREFORE, in consideration of the promises, covenants and agreements herein contained, the parties agree as follows:

AGREEMENT

The Company hereby agrees to repurchase from Stockholder, the Stockholder hereby agrees to sell, assign and transfer to the Company, all of the Stockholder’s rights, title and interest in and to the Shares for an aggregate repurchase price of $2,500 (the “Repurchase Amount”).

Upon execution of this Agreement, and receipt of payment for the Repurchase Amount, the Stockholder shall return the original pre-stock split stock certificates 49, and 50 representing the 150,000 pre-stock split Shares to the Company by Federal Express.  

Upon payment of the Repurchase Amount, the Shares shall cease to be outstanding for any and all purposes, and the Stockholder shall no longer have any rights as a holder of the Shares.

The Consulting Agreement that was entered into by the parties on March 1, 2013 is was terminated effective July 1, 2013 and there is no outstanding monetary compensation due First Market, LLC by the Company .

This agreement shall be governed by and construed in accordance with the laws of the State of Florida. 

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.

Each party hereto agrees to execute any additional documents and to take any further action as may be needed in order to implement the transaction contemplated in this Agreement.

IN WITNESS WHEREOF, each of the parties has executed this Stock Repurchase Agreement as of the day and year first above writes.

			
	 
	COMPANY:

	 
	 
	 

	 
	Bright Mountain Holdings, Inc.

	 
	 
	 

	 
	By:

	/s/ W. Kip Speyer

	 
	Name:

	W. Kip Speyer

	 
	Title:

	Chief Executive Officer

	 
	 
	 

	 
	 
	 

	 
	STOCKHOLDER:

	 
	 
	 

	 
	First Market, LLC

	 
	 
	 

	 
	By:

	/s/ Christopher Brainard

	 
	Name:

	Christopher Brainard

	 
	Title:

	Managing MemberCOMMON STOCK REPURCHASE AGREEMENT

EXHIBIT 10.15

COMMON STOCK REPURCHASE AGREEMENT

This common stock repurchase agreement (the “Agreement”) in entered into as of August 12, 2013 by and between Bright Mountain Holdings, Inc., a Florida corporation (the “Company”), and First Market, LLC (the “Stockholder”).

RECITALS

WHEREAS, the Stockholder is the holder of 50,000 (pre-split) shares of the Company’s common stock (the “Common Stock”), which the Stockholder acquired from the Company pursuant to a Consulting Agreement entered into on March 1, 2013, representing 90,000 post-split shares of the Common Stock.

WHEREAS, the Stockholder desires to sell, and the Company desires to repurchase, 50,000 (pre-split) shares of Common Stock (the “Shares”) represented by certificate numbers 51, representing 90,000 post-split Shares.

NOW, THEREFORE, in consideration of the promises, covenants and agreements herein contained, the parties agree as follows:

AGREEMENT

The Company hereby agrees to repurchase from Stockholder, the Stockholder hereby agrees to sell, assign and transfer to the Company, all of the Stockholder’s rights, title and interest in and to the Shares for an aggregate repurchase price of $1.00 (the “Repurchase Amount”).

Upon execution of this Agreement, and in consideration of payment of $1.00 hereby acknowledged and received by the Stockholder, the Shares shall cease to be outstanding for any and all purposes, and the Stockholder shall no longer have any rights as a holder of the Shares.

This agreement shall be governed by and construed in accordance with the laws of the State of Florida. 

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.

Each party hereto agrees to execute any additional documents and to take any further action as may be needed in order to implement the transaction contemplated in this Agreement.

IN WITNESS WHEREOF, each of the parties has executed this Stock Repurchase Agreement as of the day and year first above writes.

			
	 
	COMPANY:

	 
	 
	 

	 
	Bright Mountain Holdings, Inc.

	 
	 
	 

	 
	By:

	/s/ W. Kip Speyer

	 
	Name:

	W. Kip Speyer

	 
	Title:

	Chief Executive Officer

	 
	 
	 

	 
	 
	 

	 
	STOCKHOLDER:

	 
	 
	 

	 
	First Market, LLC

	 
	 
	 

	 
	By:

	/s/ Christopher Brainard

	 
	Name:

	Christopher Brainard

	 
	Title:

	Managing MemberWEBSITE SALES AGREEMENT

EXHIBIT 10.16

WEBSITE SALES AGREEMENT

This Website Sales Agreement (the “Agreement”) is made effective on this 25th day of October 2013, by and between Chris David of 5414 Trammel Drive, Spring, Texas 77388 (the “Seller”), and Bright Mountain, LLC of 6400 Congress Avenue, Boca Raton, FL 33487 (the “Buyer”).

WEBSITE SALE

Subject to the terms and conditions contained in this Agreement the Seller hereby sells and transfers to the Buyer any and all of Seller’s rights, title and interest in and to the Website TheBravestOnline.com (the “Website”), all accompanying social media assets, and any other rights associated with the Website, including, without limitation, any intellectual property rights, related urls, video assets, passwords, and other general website webmaster tools.

PAYMENT TERMS

In consideration for the sale of the Website the Buyer agrees to pay the Seller the amount of $30,000 payable $5,880 at the October 25th, 2013 closing and $1,005.00 per month beginning November 25th, 2013 and continuing every 30 days for 24 months, ending October 25th, 2015. Seller will be paid promptly each month for the website asset and no taxes withheld.

SELLER’S OBLIGATIONS

Seller agrees to keep working the website, TheBravestOnline.com, in a similar manner as he has in the past, putting in approximately the same hours and doing the same things during the payout period and will make himself available for up to one hour each week for a telephone conference with Bright Mountain personnel.

REPRESENTATIONS AND WARRANTIES BY THE SELLER

a) The Seller has all necessary right, power and authorization to sign and perform all the obligations under this Agreement.

b) The Seller has the exclusive ownership of the Website and there are no current disputes or threat of disputes with any third party over the proprietary rights to the Website.

c) The execution and performance of this Agreement by the Seller will not constitute or result in a violation of any material agreement to which the Seller is a party.

INDEMNITY

The Seller shall indemnify and hold harmless the Buyer against all damages, losses or liabilities which may arise with respect to the Website or its use or operation until 60 days after closing.

ADDITIONAL DOCUMENTS

Seller agrees to cooperate with Purchaser and take any and all actions necessary to transfer and perfect the ownership of the Website Registration and Hosting from Seller to Buyer, including providing all necessary passwords and usernames on the closing date and thereafter.

REVENUE HISTORY

The approximate average monthly revenue for the most recent ten months has been $990.00.

NON COMPETE

Seller agrees not to compete with The Bright.Com in the web market for the military and first responder audiences.

NOTICE

All notices required or permitted under this Agreement shall be deemed delivered when delivered in person or by mail, e-mail, postage prepaid, addressed to the appropriate party at the address shown for that party at the beginning of this Agreement.

ENTIRE AGREEMENT AND MODIFICATION

This Agreement constitutes the entire agreement between the parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both parties. This Agreement replaces any and all prior agreements between the parties.

INVALIDITY OR SEVERABILITY

If there is any conflict between any provision of this Agreement and any law, regulation or decree affecting this Agreement, the provision of this Agreement so affected shall be regarded as null and void and shall, where practicable, be curtailed and limited to the extent necessary to bring it within the requirements of such law, regulation or decree but otherwise it shall not render null and void other provisions of this Agreement.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.

Signed this 22nd day of October, 2013.

Seller: Chris David 

By: /s/ Chris David

Buyer: Bright Mountain, LLC

By: /s/ W. Kip SpeyerLEASE AMENDMENT

EXHIBIT 10.17

LEASE AMENDMENT

This Lease Amendment is made as of the 30th day of September, 2013, by and between OIII Realty Limited Partnership, a Nevada limited partnership (hereinafter referred to as “Landlord”) and Speyer Investment Research, Inc. n/k/a Bright Mountain Holdings, Inc., a Florida corporation (hereinafter referred to as “Tenant”).

W I T N E S S E T H:

WHEREAS, Landlord and Tenant entered into that certain lease effective January 3, 2011 (the “Lease”) for the premises described as follows, to-wit:

Suite 2250, 6400 Congress Avenue, Boca Raton, Florida 33487 (the “Premises”)

WHEREAS, Landlord has entered into a Lease Termination Agreement with Sutton Management Corporation for the premises described as follows, to-wit:

Suite 1200, 6400 Congress Avenue, Boca Raton, Florida 33487 (“Additional Space”)

WHEREAS, Tenant is willing to lease the Additional Space from Landlord; and

WHEREAS, Landlord is willing to lease the Additional Space to Tenant subject to the terms and conditions of this Amendment.

NOW, THEREFORE, in consideration of Ten ($10.00) Dollars and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1.  

The recitals set forth above are true and correct and incorporated herein as if set forth at length.

2.

Tenant agrees to lease the Additional Space at a rate of Twenty-Two and 50/100 ($22.50) Dollars gross per square foot commencing October 1, 2013 and terminating December 31, 2016.  The additional space is described on the attached Space Plan attached hereto as Exhibit A and made a part hereof.

3.

That the Lease, as previously amended, is hereby amended to include the Additional Space as part of the Demised Premises thereunder, and all terms and conditions of the Lease shall apply to the Additional Space as if such Additional Space was defined as part of the Demised Premises under the Lease, ab initio, except as to any modifications made hereunder.

4.

Tenant shall tender to Landlord as additional security under the Lease and hereunder the sum of One Thousand and NO/100 ($1,000.00) Dollars, to be held by Landlord as part of the security deposit under the Lease.

5.

Except as modified hereby, the terms and conditions of the Lease, as previously amended, are hereby ratified and confirmed by Landlord and Tenant as if fully set forth herein.

The parties have signed this Agreement the day and year first above written.

					
	Landlord:

	 
	Tenant:

	 
	 
	 
	 
	 

	OIII Realty Limited Partnership

	 
	Bright Mountain Holdings, Inc.

	By:

	OIII Realty, LLC, general partner

	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	By:

	/s/ Kamala R. Chapman

	 
	By:

	/s/ W. K. Speyer

	 
	Kamala R. Chapman, Manager

	 
	 
	W. K. Speyer, President

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