Document:

Exhibit 10.15

 

Agreement to Provide Services

 

Entered into and executed in _______
on November 4, 2014

 

Between

 

L. & S. Light and
Strong Ltd.

P.C. 514030471 

Haadom Street, I.A. Kanot,
POB 7042

Gedera 707000

(the “Company”)

of the first part;

and

 

Alon and Tal Tamir Consultants
and Design Ltd.

P.C. 514559012

Represented by Mr. Alon
Tamir I.D. 02290862-8

of 8 Haharuv St., Raanana

(the “Service Provider”)

of the second part;

 

 

		Whereas	the Company is a private company which incorporated in Israel and specializes in manufacturing
products from composite materials; and

 

		Whereas	the Company wishes to recruit a senior UAV development consultant and the Service Provider wishes
to provide services to the Company as a senior UAV development consultant, as specified in this agreement below; and

 

		Whereas	the Service Provider is qualified, expert and authorized pursuant to any and all legal provisions
to serve in the aforesaid position; and

 

		Whereas	the Service Provider represents that he has the experience, ability and knowledge for rendering
the aforesaid services and is able to render the services as provided in this agreement to the Company; and

 

		Whereas	the parties wish to regulate and establish, in writing, the terms and conditions and provisions
with respect to the rendering of the services by the Service Provider to the Company, all as specified in this agreement below;

 

Therefore it has been stipulated,
represented and agreed by and between the parties as follows:

 

		1.	Preamble

 

		1.1.	The preamble to this agreement and the parties’ representations constitute an integral part
hereof.

 

     

     

    

 

		1.2.	The headings of the sections are for the sake of convenience only and will not be relied upon in
interpreting or explaining this agreement.

 

		1.3.	The annexes hereto constitute an integral part of this agreement and its terms. In the event of
a discrepancy the provisions of the annexes will supersede the agreement.

 

		2.	The position and its scope

 

		2.1.	In the context of the engagement that is contemplated in this agreement, the Service Provider will
provide, to the Company, his services as a senior UAV development consultant and will render current consulting services to the
Company in the field of UAV development (the “Services”).

 

		2.2.	In the Engagement Period (as defined in Section 4.1 below), the Service Provider will invest his
time and energies in the fulfillment of his position with the Company in a scope which is equivalent to a one third (1/3) time
position. The Service Provider undertakes to perform his role with the Company with devotion and loyalty and to invest of his time,
energies, experience and knowledge in performing his role and promoting the business of the Company. In addition, the Service Provider
will not engage in another activity in a manner which would prevent him from fulfilling his undertakings pursuant to this agreement.

 

		3.	Identity of the person performing the services

 

		3.1.	The Services will be provided by the Service Provider to the Company through Mr. Alon Tamir
I.D. 02290862 only, and the aforesaid is a fundamental condition of this agreement (the “Service Provider’s
Employee”).

 

		3.2.	The Service Provider will dedicate all of the necessary time, his qualifications and abilities
in order to render the Services to the Company.

 

		3.3.	The Service Provider hereby represents that he knows everything he needs to know in order to render
the Services and undertakes to render his Services to the Company devotedly and professionally, subject to the Company’s
policy as being from time to time and in accordance with the guidelines to be issued to him from time to time by the Company and
to devote to the performance of the Services the best of his qualifications, time and efforts efficiently and proficiently, as
agreed in the context of this Agreement.

 

		3.4.	The Company will arrange for professional liability insurance and will approve the issuance of
letters of exemption and indemnification to the Service Provider and to the Service Provider’s Employee insofar as the same
are customary at the Company.

 

     

     

    

 

		4.	The service period

 

		4.1.	The term of the engagement pursuant to this agreement will commence on October 19, 2014 and continue
so long as any one of the parties shall not have announced his wish to terminate the engagement (the “Engagement Period”).

 

		4.2.	The provisions of Section 4.1 above notwithstanding, each party to the agreement may terminate
the Engagement Period pursuant to this agreement, for any reason whatsoever, provided that it shall have given a 3 month advance
written notice to the other party and this will not be deemed as a breach of the agreement (the “Advance Notice”
and the “Advance Notice Period”, respectively).

 

		4.3.	In any case where one of the parties gives a notice of termination of the agreement as provided
in Section 4.2 above, the Service Provider will continue to render Services pursuant to this agreement until the expiration of
the Advance Notice Period, provided that the Service Provider is paid the full consideration due to the Advance Notice Period or
the balance of the Advance Notice Period, as the case may be. Upon expiration of the engagement between the Company and the Service
Provider, the Service Provider undertakes to use his best efforts in order to extend assistance to the Company in the performance
of an orderly handover of the position to the party so appointed on the Company’s behalf.

 

		4.4.	The provisions of Section 4.2 notwithstanding, the parties agree that the Company may terminate
the engagement with the Service Provider immediately, without Advance Notice, in each of the following cases:

 

		4.4.1.	The Service Provider fundamentally breaches his undertakings pursuant to this agreement.

 

		4.4.2.	The Service Provider is indicted with the performance of a dishonorable criminal offence.

 

		4.4.3.	The Service Provider enters bankruptcy proceedings.

 

		4.4.4.	The Service Provider passes away and/or becomes legally incapacitated and/or loses his working
capacity for a period that is longer than 45 days.

 

		4.5.	If the Service Provider’s work is discontinued or ends for any reason whatsoever, including,
but not only, pursuant to the provisions of this section above, the Service Provider undertakes to return to the Company at the
address as will be requested by the Company, promptly and without delay, any and all written and/or printed and/or recorded and/or
typed materials and/or any and all other information which is in his possession.

 

		4.6.	The Service Provider further undertakes to return to the Company any equipment and/or property
which belongs to the Company and is in his possession in good working order as the same was delivered to the Service Provider,
other than fair wear and tear due to reasonable use of the property.

 

     

     

    

 

		5.	Company’s supervision

 

The Services will be rendered
by the Service Provider to the Company, and the Service Provider will operate pursuant to a work plan, to be submitted by him to
the CEO of the Company and approved by the CEO of the Company.

 

		6.	Consideration and benefits

 

		6.1.	In consideration for the fulfillment of all of the undertakings of the Service Provider in accordance
with this agreement, the Company will pay the Service Provider consideration in the sum of ILS 10,000 (ten thousand new Israeli
shekels), before VAT, for each calendar month of work, effective from the commencement of the engagement, as provided in Section
4.1 above, against a tax invoice to be issued by the Service Provider to the Company (the “Monthly Consideration”).

 

		6.2.	The parties agree that the dates of payment of the consideration will be by the 10th day of the
month in each calendar month for the previous month, subject to the Service Provider having issued a lawful tax invoice to the
Company.

 

		6.3.	It is hereby agreed and clarified beyond any doubt that the Service Provider will not be entitled
to any payments, terms, benefits or rights, other than as explicitly stated in this agreement, in consideration for the rendering
of the Service Provider’s Services to the Company.

 

		6.4.	It is further agreed that the Service Provider and/or the Service Provider’s Employee on
its behalf will be entitled to a reimbursement of expenses and/or payments that were required in the context of the rendering of
the Services by them to the Company, subject to the presentation of a tax invoice and/or receipts and their approval by the Company’s
CEO, including fuel expenses when travelling in the context of the rendering of the Services up to the sum of ILS 750 and against
the presentation of invoices.

 

		6.5.	It is agreed that subject to the CEO’s approval (also retroactively), the Company will bear
the expenses entailed by the consultant’s overseas travel in the context of the rendering of the Services to the Company
which shall have been incurred in relation to the performance of his role, including airline tickets, hotels, per diems, telephones
and hospitality.

 

		6.6.	If the Service Provider is the central party involved in the raising of funds that are invested
in the Company, the Service Provider will be entitled to a bonus in the sum of 5% of the investment amount. The bonus shall be
paid proportionately to the amount of the payment, simultaneously and in accordance with the staggering of the investor’s
payments, no later than 7 business days after the payment is made to the Company’s account.

 

		7.	Options

 

		7.1.	Granting of options - The provisions of Section 6.3 above notwithstanding, as part of his
position as a senior UAV development consultant with the Company and in addition to the Monthly Consideration set forth in Section
6.1 above, the Company will give the Service Provider options to purchase shares of the Company (the “Options”)
according to the following exercise terms:

 

     

     

    

 

		7.1.1.	Quantity: 274,420 options of the Company, convertible into 274,420 ordinary shares of the
Company;

 

		7.1.2.	Vesting period: the options are exercisable in 3 stages, and in equal parts:

 

		7.1.2.1.	On the date of listing of the Company or on December 31, 2014, whichever is earlier, the Service
Provider will have the right to exercise one third (1/3) of the quantity of the options i.e., 91,474 options that are exercisable
into 91,474 ordinary shares of the Company;

 

		7.1.2.2.	12 months after the date of listing of the Company or on January 1, 2016, whichever is earlier,
the Service Provider will have the right to exercise an additional one third of the quantity of the options i.e., 91,473 options
that are exercisable into 91,473 ordinary shares of the Company;

 

		7.1.2.3.	24 months after the date of listing of the Company or on January 1, 2017, whichever is earlier,
the Service Provider will have the right to exercise an additional and final one third of the quantity of the options i.e., 91,473
options that are exercisable into 91,473 ordinary shares of the Company

 

		7.1.3.	The exercise price: In consideration for the Company’s allotted shares (the “Allotted
Shares”), the Service Provider will pay the Company the sum of 23.7 cents per one ordinary share;

 

		7.1.4.	Expiration: In any event where the Service Provider’s office discontinues, for any
reason whatsoever (other than an exit event as specified below), the options that are yet to vest will expire and such options
will not be exercisable by the Service Provider; Insofar as on the date of expiration of the engagement there are options that
are yet to vest, they will expire automatically;

 

		7.1.5.	Exit: If an exit event occurs in the Company, in other words, the Company is sold, and on
the exit date the Service Provider has options that are yet to vest (the “Remaining Options”), the vesting date
of the Remaining Options will be accelerated and the Service Provider will have the right to exercise all of the remaining options
from the date of the exit event until one month from the end date of the exit event (the “Date of Exercise of the Remaining
Options”); Insofar as upon the expiration of the Date of Exercise of the Remaining Options there are still options that
remain to be exercised by the Service Provider, they will expire automatically.

 

     

     

    

  

		8.	Undertakings of the service provider

 

Without derogating from the
other provisions of this agreement, the Service Provider (as well as the Service Provider’s Employee, as the case may be)
undertakes, confirms and represents as follows:

 

		8.1.	That he has the necessary qualifications in order to perform his role in the context of the Service
Provider’s Services.

 

		8.2.	That during the period of consummation of this agreement, he will be entitled to render Services
as a contractor to anyone, provided that the same does not prejudice the fulfillment of his undertakings pursuant to this agreement;

 

		8.3.	That he will refuse and not accept any payment and/or other benefit from any third party which
has a direct or an indirect connection to the Service Provider’s Services which he carries out for the Company, including
from customers and/or suppliers of the Company.

 

		8.4.	That he will render the Service Provider’s Services to the Company with maximum discretion,
devotedly and loyally, while using all of his qualifications, experience, knowledge for the benefit of the Company and for its
promotion and while avoiding conflicts of interest.

 

		8.5.	That he will promptly inform the Company without delay of any matter and/or issue regarding which
he has a personal interest and/or which may give rise to a conflict of interest with the rendering of the Services to the Company.

 

		8.6.	That he will act according to the provisions of any and all laws and statutes with respect to the
rendering of the Services as provided in this agreement.

 

		8.7.	That insofar as he knows, no limitation applies to him which prevents him from rendering the Services
to the Company in the context of this agreement.

 

		8.8.	That he and/or the Service Provider’s Employee do not have any criminal past and/or criminal
records with the Israel Police and insofar as he knows, there is no lawsuit and/or case and/or police and/or other investigation
pending against him, nor any reason for such to be filed/opened/conducted against him.

 

		8.9.	The parties agree that the Service Provider and/or the Service Provider’s Employee will not
be entitled to sell and/or transfer and/or assign and/or endorse etc., his rights and undertakings pursuant to this agreement and/or
any part thereof, either directly or indirectly, and in any manner whatsoever, to another and/or others, either for or without
consideration and/or in any other manner, unless agreed otherwise, in advance and in writing, by the Company, subject to the provisions
of any and all laws, including the holding of a meeting of the Company’s shareholders.

 

		8.10.	The provisions of this section, including all of the subsections hereof, constitute a fundamental
condition to this agreement.

 

     

     

    

 

		9.	Contradictory claim

 

		9.1.	The Service Provider represents that he is the owner of a private company, in the context of which
he is rendering the Services to the Company;

 

		9.2.	The Service Provider hereby represents that in the context of the rendering of the Services by
him in accordance with this agreement, there neither is nor will be an employment relationship between him and the company in any
manner, form and manner whatsoever [sic].

 

		9.3.	It is fundamentally and inherently agreed that the monthly consideration set forth in Section 6
of this agreement was determined while taking into consideration the fact that the Service Provider is an independent contractor
and not a “Company employee”. Therefore, it is agreed that for the employment or the termination of the employment
of the Service Provider, including the discontinuation of the rendering of the Services to the Company by the Service Provider
and/or the Service Provider’s Employee, in his capacity as a senior consultant for UAV development with the Company, the
Company will not be liable for any additional costs, including social benefits of any kind (including annual leave, convalescence
pay, national insurance payments, provident payments, severance pay, study fund, holiday payments, reserve duty, maternity leave,
car expenses etc.), such that the monthly consideration as aforesaid is the full, comprehensive and sole cost the Company will
incur in relation to the receipt of the Services of the Service Provider which he is making available to the Company in the context
of this agreement as an independent contractor.

 

		9.4.	The Service Provider hereby undertakes to indemnify the Company for any and all claims, of any
kind whatsoever, that will be filed against the Company, the cause of action underlying which is the issue of the existence of
an employment relationship between the Service Provider or any of the employees of the private company, whether the claim is filed
by the Service Provider and/or his employee and/or his successor and/or their heirs, under law or by any third party whatsoever.

 

		9.5.	Without derogating from the provisions of Section 9.1 above the Service Provider hereby represents
that it is clear to him and he agrees that the consideration specified in Section 6 above is based on his representations in Sections
9.1-9.3 above, on the representation which he made to the Company, and the basic premise of the agreement that there is no employment
relationship between him and the Company.

 

		9.6.	Therefore, the Service Provider agrees that in any event where he makes either a claims and/or
a demand in any manner whatsoever against the Company for rights that derive from the existence of an employment relationship and/or
if it is ruled by a court and/or any other body that there is an employment relationship between him and the Company, despite the
provisions of this agreement, the proper fee of the Service Provider will be calculated as an employee, based on a sum that is
equivalent to 70% of the consideration stated in Section 6 above, and the consideration will be deemed to have been so agreed in
the outset, and the Service Provider will repay the Company the difference in the amount of 30% of the consideration plus lawful
interest and linkage differentials from the date of each and every consideration payment until the actual payment.

 

     

     

    

 

The provisions of this Section
will apply whether an argument is raised on the existence of an employment relationship in any manner whatsoever and/or if a claim
is filed against the Company and/or against any other company with which the Company is affiliated, by the Service Provider, or,
if the same is raised by an employee of the Service Provider and/or their successor and/or their estate and/or their heirs and/or
another third party related to him and in this context the Service Provider and/or his estate will be deemed liable for the aforesaid
restitution, before the performance of any payment to the Service Provider and/or his estate and/or his successors.

 

		9.7.	The provisions of this Section, including all of the subsections hereof, constitute a fundamental
condition to this agreement.

 

		9.8.	Nothing in the aforesaid derogates from any other remedy and/or relief that are available to the
Company under this agreement and/or the law.

 

		10.	Service provider’s status 

 

		10.1.	Without derogating from the other provisions of this agreement, the parties agree that the Service
Provider serves as an independent contractor for all intents and purposes and that there neither is nor will be an
employment relationship in any form and manner whatsoever between him and/or the Service Provider’s Employee, and the Company.

 

		10.2.	The parties agree that the Service Provider will be the only one responsible for his relationship
with the tax authorities and in this context – Income Tax, the National Insurance Institute and VAT.

 

		10.3.	The parties agree that the Service Provider himself will bear the payment of any and all taxes
and/or fees and/or government and/or other payments due to the management of his business and, inter alia, the payments of income
tax, VAT, national insurance, employer tax, etc.

 

		10.4.	The provisions of this Section, including all of the subsections hereof, constitute a fundamental
condition to this agreement.

 

		11.	Confidentiality; non-competition and conflict of interest

 

		11.1.	The Service Provider undertakes to maintain in strict confidence any and all figures and/or documents
and/or knowledge and/or information pertaining to the rendering of the Services to the Company and/or the Company’s business
activity. The Service Provider is aware that any such information which is not in the public domain constitutes property which
belongs to the Company. The aforesaid will not apply to information in the public domain, provided that the same shall not have
reached the public domain as a result of either an act or an omission of the Service Provider and/or another on his behalf. The
aforesaid does not derogate from the employee’s power to use the information, including its delivery to third parties, in
the context and for the purpose of the performance of his duties as the CEO of the Company.

 

     

     

    

 

		11.2.	The Service Provider undertakes not to be found in the position of a conflict of interest between
his various businesses and the Services rendered to the Company thereby. In any case where there is a concern of a conflict of
interest, the Service Provider undertakes to notify the Company thereof in advance and to obtain its written consent to an act
as specified above.

 

		11.3.	If the Service Provider wishes to discontinue his duties before the expiration of the agreement,
it will not be able to render Services to a company which has business ties with the Company or to a competing company in the field
of high-altitude solar UAVs, for the duration of 12 months from the expiration of the Advance Notice Period.

 

		11.4.	The Service Provider’s undertakings pursuant to this section, including all of the subsections
hereof, constitute fundamental undertakings in this agreement.

 

		12.	Title

 

		12.1.	Plans, opinions, ideas, trademarks, patents and intellectual property rights etc., either developed
and/or prepared by the Service Provider for the Company and/or any of its customers will be, at all times, the sole and absolute
property of the Company and the Service Provider will not be entitled to payment and/or remuneration and/or compensation of any
kind for any one of them.

 

		12.2.	Without derogating from the Service Provider’s other undertakings, the Service Provider hereby
undertakes to deliver to the Company any and all documentation it will have in its possession with respect to the rendering of
the Service Provider’s Services thereby to the Company including, but not only, the original plans, the source software and
any and all documents, information, databases, explanations and any other information, either in writing, in digital and/or analog
format and either orally or in any other manner pursuant to the provisions of this agreement, whenever he is required to do so
and immediately upon demand.

 

		12.3.	The Company may at all times, in its sole and absolute discretion, use the material and/or any
information, document, software, database, plan and other such details delivered by the Service Provider, and the Company may publish
and/or deliver materials, in whole or in part, to whomever it deems fit, in its sole discretion, in any manner whatsoever and without
requiring consent of any kind from the Service Provider.

 

		12.4.	Any item of information, document, object, information etc., that are inherently not common property,
which came into the Service Provider’s possession pursuant and/or in relation to the rendering of the Service Provider’s
Services, the Service Provider undertakes not to take out and/or transfer and/or hand over to any third party and/or to the public
domain, including any part thereof and/or right thereunder and/or benefit of any kind.

 

     

     

    

 

		13.	Professional liability and claims

 

		13.1.	The Service Provider fundamentally and inherently undertakes to notify the Company promptly and
in writing upon the occurrence of an event which constitutes an event that gives rise to a concern pursuant to which a claim will
be filed against the Service Provider and/or the Service Provider’s Employee and/or the Company, due to negligence and/or
an omission and/or an act in the context of the rendering of the Services to the Company.

 

		13.2.	In addition, the Service Provider undertakes to notify the Company in writing of any claim and/or
demand and/or letter and/or complaint which is filed against it pursuant to its work as a Service Provider immediately and without
delay. In its aforesaid notice the Service Provider will specify all of the details of the case and produce the relevant documents
to the Company, all for the Company to be able to consider the continued provision of the Service Provider’s Services by
the Service Provider to the Company in view of the event.

 

		14.	Miscellaneous

 

		14.1.	This agreement finalizes all of the agreements between the Service Provider and the Company. Upon
execution of this agreement, all of the agreements, understandings, and letters of undertaking which were exchanged between the
parties prior to its execution, if any – will be null and void.

 

		14.2.	Each party will bear its expenses due to the preparation of this agreement.

 

		14.3.	The relationship between the Company and the Service Provider will not be governed by the provisions
of the agreements nor by the arrangements which apply to the Company’s employees nor by the terms of work of the Company’s
salaried employees or the terms that apply to other contractors of the Company (if and insofar as there are any).

 

		14.4.	It is explicitly agreed that the books and records of the Company will constitute prima facie evidence
of the veracity of such records and of any statement or transaction or account recorded therein.

 

		14.5.	The parties agree that the consideration received by the Service Provider for the scope of the
contemplated position (see Section 6.1) constitutes an initial base salary. The update of the consideration amount will be discussed
by the parties after the lapse of 6 months from the date of execution of this agreement.

 

		14.6.	No conduct by any party will be deemed as a waiver of any of its rights pursuant to this agreement
and/or any law, or as a waiver of and consent to any breach or non – fulfillment of the terms and conditions of the agreement
by the other party on its behalf, or as the giving of a deferral, an extension, or as a modification, omission or an addition of
any term whatsoever, unless performed explicitly and in writing.

 

     

     

    

 

		14.7.	Any and all modifications, cancellations, additions or amendments to this agreement will be performed
in writing and be binding only after they are signed by both parties.

 

		14.8.	The competent court in the city of Tel Aviv shall have sole and exclusive jurisdiction to hear
any and all disputes that arise between the parties in relation to this agreement and/or the rendering of the Service Provider’s
Services under this agreement.

 

		15.	Addresses and notices

 

		15.1.	The parties’ addresses for purposes of this agreement are as specified in the preamble hereto
or any other address of any one of the parties of which it will give written notice to all of the other parties.

 

		15.2.	Any and all notices dispatched from one party to the other party will be transmitted in writing
via facsimile and in addition, in writing via registered mail according to the addresses that appear in the preamble to this agreement
and/or be delivered by hand. A notice delivered by post will be deemed received within 72 hours from the date of dispatch thereof
via registered mail from a post office in Israel. A notice delivered by hand will be deemed received immediately upon the delivery.
For purposes of this section, Saturdays and Jewish holidays will not be included in the count of days.

 

In witness whereof the parties have
hereto set their hands:

 

 

 

The Company Stamp & Signature

 

	The 	Service 	Provider 	Signature

 

     

     

    

 

Addendum to an Agreement to Provide
Services of November 4, 2014

 

Entered into and executed in _______
on August 10, 2015

 

Between

 

L. & S. Light and
Strong Ltd.

P.C. 514030471 

Haadom Street, I.A. Kanot,
POB 7042

Gedera 707000

(the “Company”)

of the first part;

and

 

Alon and Tal Tamir Consultants
and Design Ltd.

P.C. 514559012

Represented by Mr. Alon
Tamir I.D. 02290862-8

of 8 Haharuv Street, Raanana

(the “Service Provider”)

of the second part;

 

[The Company and the Service Provider will
be referred to below as the “Parties”]

 

 

		Whereas	on November 4, 2014 the Parties executed an agreement to provide services (the “Main Agreement”)
which is attached as Annex A pursuant to which, inter alia, the Service Provider will provide its services as a senior
UAV development consultant and render current consulting services to the Company in the field of UAV development (the “Services”);
and

 

		Whereas	in the context of the provisions of the Main Agreement, the consideration clause set forth the
monthly consideration amount of ILS 10,000 for the fulfillment of all of the undertakings of the Service Provider in accordance
with the Main Agreement, before VAT, for each calendar month of work, effective from the commencement of the engagement, as provided
in Section 6.1 of the Main Agreement, against a tax invoice to be issued by the Service Provider to the Company (the “Monthly
Consideration”); and

 

		Whereas	in the context of the provisions of the Main Agreement it was determined that in addition to the
Monthly Consideration, the Company will give the Service Provider 274,420 options to purchase 274,420 ordinary shares of the Company
as part of its duties as a senior UAV development consultant with the Company under the terms and conditions that are specified
in Section 7 of the Main Agreement; and

 

		Whereas	the Service Provider wishes to change the Monthly Consideration amount, the quantity of allotted
options and their terms in accordance with the provisions of this agreement below, and the Company agrees to the aforesaid changes;
and

 

		Whereas	the parties wish to regulate and establish in writing the agreements that were reached, all as
specified in this agreement below;

 

     

     

    

 

Therefore it has been stipulated,
represented and agreed by and between the parties as follows:

 

		1.	Preamble

 

		1.1.	The preamble to this addendum to the agreement, and the parties’ representations, constitute
an integral part hereof.

 

		1.2.	The headings of the sections are for the sake of convenience only and will not be relied upon in
interpreting or explaining this agreement.

 

		1.3.	The annexes to this addendum to the agreement constitute an integral part of the addendum to this
agreement and its terms. In the event of a discrepancy the provisions of the annexes will supersede the addendum to the agreement.

 

		2.	Consideration and benefits

 

		2.1.	Section 6.1 of the Main Agreement will be omitted and replaced with the text of the following section,
as follows:

 

“In consideration for
the fulfillment of all of the undertakings of the Service Provider in accordance with this agreement, the Company will pay the
Service Provider consideration in the sum of ILS 500 (five hundred new Israeli shekels), before VAT, for each calendar month of
work, effective from May 1, 2015, against a tax invoice to be issued by the Service Provider to the Company (the “New
Monthly Consideration”).”

 

		3.	Options

 

		3.1.	Section 7 of the Main Agreement will be omitted and replaced by Annex B which is
attached to the addendum to this agreement.

 

		4.	General

 

		4.1.	Other than the provisions explicitly regulated in this addendum, all of the other provisions of
the Main Agreement remain entirely unchanged.

 

In witness whereof the parties have
hereto set their hands:

 

 

The Company Stamp & Signature

The Service Provider Stamp &
Signaturealpine4exh108.htm

Exhibit 10.8

THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATE, AND WILL BE OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF FEDERAL AND STATE LAW BY VIRTUE OF THE COMPANY'S INTENDED COMPLIANCE WITH SECTION 4(a)(2) OF THE ACT, THE PROVISIONS OF REGULATION D PROMULGATED THEREUNDER, AND PARALLEL EXEMPTIONS UNDER STATE LAW.  THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY ANY REGULATORY AUTHORITY.  ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Common Stock, $0.0001 Par Value Per Share

AGREEMENT TO PURCHASE SHARES OF RESTRICTED STOCK

 

 

THIS AGREEMENT TO PURCHASE SHARES OF RESTRICTED STOCK (the “Agreement”) is entered into and effective as of the 16th day of September, 2015, by and between Richard Battaglini (the “Purchaser”) and Alpine 4 Technologies Ltd. (the “Company”).  Purchaser and the Company are also referred to herein individually as a “Party,” and collectively as the “Parties.”

RECITALS

	
A. Purchaser is a shareholder of the Company, and desires to assist the Company with its purchase of certain assets (the “Assets”) of AutoTek Incorporated (“AutoTek”), of which Purchaser is also President and a Director.

	 
	
B. Pursuant to a proposed Asset Purchase and Share Exchange Agreement, upon approval by the shareholders of AutoTek relating to the purchase of the Assets by the Company, the Company has agreed to pay to AutoTek the sum of $30,000 (the “Asset Purchase Price”).

	 
	
C. The Purchaser desires to finance, if necessary, the Asset Purchase Price by purchasing from the Company shares of the Company’s restricted common stock, in the amounts and upon the terms and conditions set forth in this Agreement, and the Company agrees to sell to the Purchaser such shares of restricted common stock, pursuant to the terms of this Agreement.

NOW, THEREFORE, in consideration of the mutual promises, conditions and covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Purchaser hereby agrees to acquire, and the Company agrees to issue and sell, certain securities of the Company according to the terms and conditions set forth in this Agreement.

AGREEMENT

1.           Determination of Necessity of Financing.  The Company and the Purchaser agree that in connection with the proposed purchase of the Assets by the Company from AutoTek, at least three (3) business days prior to the AutoTek shareholder meeting (which will be scheduled upon completion by the U.S. Securities and Exchange Commission of its review of a registration statement/proxy statement filed by the Company), the Chief Executive Officer of the Company will determine, in his discretion, and will notify the Purchaser in writing either (a) that the Company will sell shares of the Company’s restricted common stock (the “Shares”) to the Purchaser pursuant to this Agreement, or (b) that the Company will not sell such Shares to the Purchaser pursuant to this Agreement.  If the Company’s Chief Executive Officer determines that the Company will sell the Shares to the Purchaser, such sale will be on the terms and conditions set forth in this Agreement.  If the Company’s Chief Executive Officer determines the Company will not sell the Shares to the Purchaser, the Purchaser shall not be bound to purchase the Shares, and this Agreement shall be of no further force or effect.

2.           Purchase of Securities.  If the Company’s Chief Executive Officer determines that the Company will sell the Shares to the Purchaser, Purchaser hereby agrees be irrevocably bound to purchase from the Company a total of 30,000 Shares at a per share purchase price of $1.00 per share, with an aggregate purchase price (the “Purchase Price”) of $30,000. The Purchase Price shall be payable in full by check or by wire transfer to the Company according to the transfer instructions set forth in Schedule 1.

  

  

  

 

3.           Use and Disposition of Proceeds.  Purchaser acknowledges and agrees that the Company will use the Purchase Price to pay for the purchase of the Assets from AutoTek.  The Company understands and acknowledges that Purchaser is an officer and director of AutoTek, and may be a direct or indirect beneficiary of the purchase of the Assets from AutoTek.

4.           Representations and Warranties of Purchaser.  To induce the Company's acceptance of this Agreement, Purchaser hereby represents and warrants to the Company and its agents and attorneys as follows:

4.1           Purchaser Status.  Purchaser either (A) is an “accredited investor” within the meaning of the Commission’s Rule 501 of Regulation D, as presently in effect, and as indicated below, or (B) (i) certifies that such Purchaser is not a “U.S. person” within the meaning of the Commission’s Rule 902 of Regulation S, as presently in effect, and that such Purchaser is not acquiring the Shares for the account or benefit of any such U.S. person, (ii) agrees to resell the Shares only in accordance with the provisions of such Regulation S, pursuant to registration under the Securities Act, or pursuant to an available exemption from registration and agrees not to engage in hedging transactions with regard to the Shares unless in compliance with the Securities Act, (iii) agrees that any certificates for any securities issued to such Purchaser shall contain a legend to the effect that transfer is prohibited except in accordance with the provisions of such Regulation S, pursuant to registration under the Securities Act or pursuant to an available exemption from registration and that hedging transactions involving such Shares may not be conducted unless in compliance with the Securities Act, (iv) agrees that the Company is hereby required to refuse to register any transfer of any securities issued to such Purchaser not made in accordance with the provisions of such Regulation S, pursuant to registration under the Securities Act, or pursuant to an available exemption from registration. Purchaser is not required to be registered as a broker-dealer under Section 15 of the Exchange Act and such Purchaser is not a broker-dealer.

If the Purchaser resides in the United States, such Purchaser must be an Accredited Investor, and must indicate such status, by initialing the applicable paragraph (a) through (g) below, representing and warranting that the Purchaser is an "Accredited Investor" as defined in Regulation D under the Securities Act, because the Purchaser meets the requirements set forth in one or more of the enumerated categories.  The Purchaser has reviewed the Accredited Investor standards listed below and confirms it is an "Accredited Investor” as indicated below. Place your initials in the space provided in the beginning of each applicable paragraph thereby representing and warranting as to the applicability to the Purchaser of the initialed paragraph or paragraphs:

	
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(a) any individual Purchaser whose net worth, or joint net worth with that person's spouse at the time of his purchase, exceeds $1,000,000 (including any individual participant of a Keogh Plan, IRA or IRA Rollover Purchaser)(Please Note: For purposes of category (1) you may include your spouse’s net worth, but may no longer include the fair market value of your primary residence.  This is a recent change to the law.  Please review carefully.);

	
 

	  	  
	
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(b) any individual Purchaser who had an income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and who reasonably expects an income in excess of the same income level in the current year (including any individual participant of a Keogh Plan, IRA or IRA Rollover Purchaser);

	  	  	  
	
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(c) any corporation or partnership not formed for the specific purpose of making an investment in the Common Stock, with total assets in excess of $5,000,000;

	  	  	  
	
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(d) any trust, which is not formed for the specific purpose of investing in the Common Stock, with total assets in excess of $5,000,000, whose purchase is directed by a sophisticated person, as such term is defined in Rule 506(b) of Regulation D under the Securities Act;

	  	  	  
	
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 (e) any ERISA Plan if the investment decision is made by a plan fiduciary, as defined in section 3(21) of ERISA, which is either a bank, insurance company, or registered investment adviser, or the Plan has total assets in excess of $5,000,000;

	  	  	  
	
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(f) any individual Purchaser who is an executive officer or director of the Company;

	  	  	  
	
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(g) any entity in which all of the equity owners are Accredited Investors under paragraphs (a), (b), (c) or (f) above or any other entity meeting required "Accredited Investor" standards under Rule 501 of Regulation D under the Securities Act and applicable State securities law criteria. IF THE PURCHASER IS AN ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE ACCREDITED INVESTORS, THE PURCHASER MUST PROVIDE A SUBSCRIPTION AGREEMENT FROM EACH OF ITS EQUITY OWNERS;

4.2           Liquidity.  Purchaser presently has sufficient liquid assets to pay the Purchase Price.  Purchaser's overall commitments to investments that are not readily marketable are not disproportionate to Purchaser's total assets, and Purchaser's investment in the Company will not cause such overall commitment to become excessive.  Purchaser has adequate means of providing for its current needs and contingencies and has no need for liquidity in its investment in the Company or for a source of income from the Company.  Purchaser is capable of bearing the economic risk and the burden of the investment contemplated by this Agreement, including, but not limited to, the possibility of the complete loss of the value of the Shares and the limited transferability of the Shares, which may make the liquidation of the Shares impossible in the near future.

 

4.3           Absence of Conflicts.  Purchaser represents and warrants that the execution and delivery of this Agreement and any other document or instrument executed in connection with this Agreement, and the consummation of the transactions contemplated thereby, and compliance with the requirements thereof, will not violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on Purchaser, or the provision of any indenture, instrument or agreement to which Purchaser is a party or are subject, or by which Purchaser or any of its properties is bound, or conflict with or constitute a material default thereunder, or result in the creation or imposition of any lien pursuant to the terms of any such indenture, instrument or agreement, or constitute a breach of any fiduciary duty owed by either Purchaser to any third party, or require the approval of any third-party pursuant to any material contract, agreement, instrument, relationship or legal obligation to which Purchaser is subject or to which any of its properties, operations or management may be subject.

  

  

  

 

4.4           Sole Party in Interest.  Purchaser represents that it is the sole and true party in interest, and no other person or entity has or will have upon the issuance of the Shares any beneficial ownership interest in the Shares or any portion of the Shares, whether direct or indirect.

4.5           Investment Purpose.  Purchaser represents that it is acquiring the Shares for its own account and for investment purposes and not on behalf of any other person or entity or for or with a view to resale or distribution.

4.6           Knowledge and Experience.  Purchaser has been advised, to the Purchaser’s satisfaction and understanding, with respect to the advisability of an investment in the Company and the Shares.  Purchaser is experienced in evaluating and making speculative investments, and has the capacity to protect its interests in connection with the acquisition of the Shares.  Purchaser has such knowledge and experience in financial and business matters in general, and investments in the automotive parts and auto dealership industries in particular, that Purchaser is capable of evaluating the merits and risks of Purchaser's investment in the Company.  Purchaser has been informed that an investment in the Company is speculative and has concluded that Purchaser's proposed investment is appropriate in light of its overall investment objectives and financial situation.

4.7           Investment Advisors.  Purchaser represents that no investment advisor or purchaser representative has been consulted or retained in connection with Purchaser's decision to invest in the Company.

4.8           Disclosure, Access to Information.  Purchaser confirms that it has received and thoroughly read and is familiar with and understands this Agreement, and the Company’s public filings to date, and that all documents, records, books and other information pertaining to Purchaser's investment in the Company requested by Purchaser have been made available for inspection and copying and that there are no additional materials or documents that have been requested by Purchaser that have not been made available by the Company.  Purchaser further acknowledges it has had an opportunity to ask questions of and receive answers from the Company's representatives, and that any decision not to ask questions of the Company's representatives was a conscious decision on Purchaser’s part and reflects Purchaser's belief that no additional information is necessary in order to make an informed decision about investing in the Company.  Purchaser further acknowledges that it understands that the Company is subject to the periodic reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

4.9           Exclusive Reliance on this Agreement.  In making the decision to purchase the Shares, Purchaser has relied exclusively upon information included in this Agreement or incorporated herein by reference pursuant to Section 4.9, and investigations made by Purchaser, and not on any other representations, promises or information, whether written or verbal, by any person.

4.10           Accuracy of Unincorporated Documents and Other Unincorporated Materials.  To the extent Purchaser has received documents or other materials, other than as expressly incorporated herein by reference pursuant to Section 4.8, Purchaser acknowledges the following with respect to such documents and materials:

(1)           Such documents and materials and any projections contained therein may be incomplete, may contain errors or misstatements, and do not purport to adequately describe the transactions contemplated by this Agreement or the status of the development of the Company's technology.  Purchaser agrees that such documents and materials cannot be relied upon in making a decision as to whether to purchase the Shares and acknowledges that there can be no assurance that any of the projections contained therein will be accomplished by the Company; and

(2)           Purchaser has been advised and fully understands that any summaries, projections, forecasts or estimates included in such documents and materials, including those relating to product development schedules and projections, possible revenues, income, profitability of the Company or an investment therein inherently involve uncertainties and may be affected by circumstances in the future which cannot be reasonably predicted and are beyond the control of the Company.  Further, the projections, forecasts and estimates are speculative and may be optimistic, and there can be no assurance that any of the projections, forecasts or estimates will be reached, or that the Company will successfully produce a commercially viable product or that the Company will realize any income or profits or that any dividends or distributions of profits will be paid on the Company's securities.

  

  

  

 

4.12           Residency.  If a corporation or other entity, Purchaser is organized under the laws of and has its principal place of business in the State of Nevada.  If an individual, the Purchaser’s principal residence is located in the State of Nevada.

4.11           Advice of Counsel.  Purchaser understands the terms and conditions of this Agreement, has investigated all issues to Purchaser's satisfaction, has consulted with such of Purchaser's own legal counsel or other advisors as Purchaser deems necessary, and is not relying, and has not relied on the Company for an explanation of the terms or conditions of this Agreement or any document or instrument related to the transactions contemplated thereby.  Purchaser further acknowledges, understands, and agrees that, in arranging for the preparation of this Agreement and all other documents and materials related thereto, the Company has not attempted to procure, and has not procured, legal representation for Purchaser.

4.12  Accuracy of Representations and Information.  All representations made by Purchaser in this Agreement and all documents and instruments related to this Agreement, and all information provided by Purchaser to the Company concerning Purchaser and its respective financial positions is correct and complete as of the date hereof.  If there is any material change in such information before the actual issuance of the Shares, Purchaser immediately will provide such information to the Company.

4.13           No Representations.  None of the following have ever been represented, guaranteed, or warranted to Purchaser by the Company or any of its employees, agents, representatives or affiliates, or any broker or any other person, expressly or by implication:

(1)           The approximate or exact length of time that Purchaser will be required to remain as owner of the Shares;

(2)           The percentage of profit or amount of or type of consideration, profit or loss (including tax write-offs or other tax benefits) to be realized, if any, as a result of an investment in the Shares; or

(3)           The past performance or experience on the part of the Company or any affiliate or their associates, agents or employees, or of any other person as being indicative of future results of an investment in the Shares.

4.16           Federal Tax Matters.  Purchaser has reviewed and understands the federal income tax aspects of its purchase of the Shares, and has received such advice in this regard as Purchaser deems necessary from qualified sources such as attorneys, tax advisors or accountants, and is not relying on any representative or employee of the Company for such advice.

4.17           No Representations by Brokers or Finders.  Purchaser represents in making its decision to purchase the Shares, it is not relying on any representations, warranties, promises, or other inducements to purchase that were made by any broker, finder, or selling agent of the Company, and that the only representations, warranties, or other inducements to purchase are contained in the written materials provided by the Company to the Purchaser.

 

 

5.           Certain Risk Factors.  Purchaser has been informed about and fully understands that there are risks associated with an investment in the Company.  Such risks may include, but not necessarily be limited to, the risk factors set forth in the Company’s public filings to date.  By signing below, the Purchaser acknowledges that he or she has read this Agreement and the Company’s public filings, and recognizes and acknowledges that an investment in the Company includes certain risks, not limited to those listed.

  

  

  

 

6.           Manner of Sale.  At no time was Purchaser presented with or solicited by or through any leaflet, public promotional meeting, television advertisement, or any other form of general solicitation or advertising.

7.           Restricted Securities.  Purchaser understands and acknowledges that resales of the Shares have not been registered under the Act, or any state securities laws, and the Shares will be issued in reliance upon certain exemptions from the registration requirements of those laws, and thus cannot be resold unless they are registered under the Act or unless the Company has first received an opinion of competent securities counsel that an exemption from registration is available for such resale.  With regard to the restrictions on resales of the Shares, Purchaser is aware (i) of the limitations and applicability of Securities and Exchange Commission Rule 144; (ii) that the Company will issue stop transfer orders to its transfer agent in the event of attempts to improperly transfer any such securities; and (iii) that a restrictive legend will be placed on the Shares and any security underlying or into which any of the Shares are or will be convertible, which legend will read substantially as follows:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT TO A CLAIM OF EXEMPTION FROM THE REGISTRATION OR QUALIFICATION PROVISIONS OF THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND STATE SECURITIES LAWS AND THEREFORE HAVE NOT BEEN REGISTERED UNDER THE ACT OR UNDER THE SECURITIES LAWS OF ANY STATE.  THESE SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED WITHOUT COMPLIANCE WITH THE REGISTRATION OR QUALIFICATION PROVISIONS OF THE ACT OR APPLICABLE STATE LAWS, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS.  FURTHERMORE, THE COMPANY WILL INSTRUCT ITS STOCK TRANSFER AGENT NOT TO RECOGNIZE ANY SALE OF THESE SECURITIES UNLESS THE COMPANY HAS FIRST RECEIVED AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS SECURITIES COUNSEL, THAT AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS AVAILABLE.

8.           Indemnification.  Purchaser agrees to indemnify the Company, its officers employees and agents, and hold them harmless from and against any and all liability, damage, cost or expense, including attorney's fees, incurred on account or arising out of:

8.1           Any inaccuracy in the declarations, representations, and warranties by Purchaser set forth herein;

8.2           The disposition of the Shares or any portion thereof, by Purchaser contrary to the declarations, representations and warranties set forth herein and any restrictions on transfer that may be noted on the certificates representing such securities; and

8.3           Any action, suit or proceeding based upon (i) the claim that said declarations, representations, or warranties were inaccurate or misleading or otherwise cause for obtaining damages or redress from the Company; or (ii) the disposition of Shares, or any portion thereof.

9.           Conduct of Business; Interim Operations.  The Company covenants that, after execution of the Agreement, but before the Closing Date, the Company will use its best efforts to conduct its business and operations in a reasonable and professional manner and in accordance with past practices, to preserve its existing business organization and its relationships with its employees and other third parties, to preserve and protect its assets, and to conduct its business in compliance with all applicable laws and regulations.  Prior to the Closing Date, the Company will promptly inform Purchaser of any material developments or transactions involving the Company that arise after the date the parties execute this Agreement through the Closing Date.

  

  

  

 

10.           Representations and Warranties of the Company.  The Company hereby represents and warrants to Purchaser as follows:

10.1           Organization, Standing, Etc.  The Company is duly organized, validly existing, and in good standing under the laws of the State of Delaware, and has the requisite power and authority to enter into and perform this Agreement and to execute and perform under the documents, instruments and agreements related to this Agreement.

10.2           Authorization.  The execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all required action of the Company.

11.           Confidentiality.  Purchaser acknowledges and agrees that the Company has provided them with certain information about the Company that is proprietary and confidential in connection with the consummation of the transactions contemplated by this Agreement (the "Confidential Information").  Purchaser covenants to preserve the confidentiality of the Confidential Information and to use the Confidential Information only for the purpose of determining to proceed with the transactions contemplated by this Agreement, and agree to do so for a period of five (5) years, except that information (i) in the public domain without violation of any confidentiality agreement, if known by the party receiving it before receipt, or (ii) received from a third party without violation of a non-disclosure obligation of that third party of the party delivering or disclosing information shall not be considered Confidential Information subject to this Section 11.

12.           Nondisclosure.  Except as required by applicable securities laws, rules and regulations, prior to the Closing Date, no press release or other announcement concerning the proposed transactions will be issued except by mutual consent of the parties.  This Agreement and all negotiations and discussions between the parties in connection with this Agreement shall be strictly confidential and will not be disclosed in any manner prior to the Closing Date, except to employees and agents of the parties on a need-to-know basis, as required by applicable law or regulations or as otherwise agreed by the parties.  After closing, disclosure shall be at the sole discretion of the Company.

13.           General Provisions.

13.1           Attorneys' Fees.  In the event of a default in the performance of this Agreement or any document or instrument executed in connection with this Agreement, the defaulting party, in addition to all other obligations of performance hereunder, shall pay reasonable attorneys' fees and costs incurred by the non-defaulting party to enforce performance or clarify the terms of this Agreement.

13.2           Choice of Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Arizona, excluding its choice of law rules.

13.3           Counterparts.  This Agreement may be executed in one or more counterparts, each of which when so signed shall be deemed to be an original, and such counterparts together shall constitute one and the same instrument.

13.4           Entire Agreement.  This Agreement, and the Exhibits, Schedules and other attachments referred to herein (all of which are incorporated in this Agreement by reference) collectively set forth the entire agreement between the parties as to the subject matter hereof, supersede any and all prior or contemporaneous agreements or understandings of the parties relating to the subject matter of this Agreement, and may not be amended except by an instrument in writing signed by all of the parties to this Agreement.

13.5           Expenses.  The parties shall be responsible for and shall pay their own costs and expenses, including without limitation attorneys' fees and accountants' fees and expenses, in connection with the conduct of the due diligence inquiry, negotiation, execution and delivery of this Agreement and the instruments, documents and agreements executed in connection with this Agreement.

  

  

  

 

13.6           Headings.  The headings of the sections and paragraphs of this Agreement have been inserted for convenience of reference only and do not constitute a part of this Agreement.

13.7           Notices.  All notices or other communications provided for under this Agreement shall be in writing, and mailed, telecopied or delivered by hand delivery or by overnight courier service, to the parties at their respective addresses as indicated below or at such other address as the parties may designate in writing:

If to Purchaser, to it, him or them at:

Richard Battaglini

15589 N. 77th Street, Suite B

Scottsdale, AZ, 85260

With a copy to:

 

Fax:                                                      

If to the Company, to it at

Alpine 4 Technologies Ltd.

4742 N. 24th Street Suite 300

Phoenix, AZ 85016

Fax:                                                      

With a copy (which shall not constitute notice) to:

C. Parkinson Lloyd, Esq.

50 East South Temple Street, Suite 400

Salt Lake City, Utah  84111

Fax: (801) 212-2187

All notices and communications shall be effective as follows:  When mailed, upon three (3) business days after deposit in the mail (postage prepaid); when telecopied, upon confirmed transmission of the telecopied notice; when hand delivered, upon delivery; and when sent by overnight courier, the next business day after deposit of the notice with the overnight courier.

13.8           Severability.  Should any one or more of the provisions of this Agreement be determined to be illegal or unenforceable, all other provisions of this Agreement shall be given effect separately from the provision or provisions determined to be illegal or unenforceable and shall not be affected thereby.

13.9           Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties and their successors, but shall not be assignable by Purchaser without the prior written consent of the Company.

  

  

  

 

13.10           Survival of Certain Representations, Warranties and Covenants Closing.  All warranties, representations, indemnities and agreements made in this Agreement by either party shall survive the date of this Agreement, the Closing Date, the consummation of the transactions contemplated by this Agreement, and the issuance by the Company of the Shares.

[SIGNATURE PAGES FOLLOW.]

 

  

  

  

 

IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date indicated on the signature lines.

EXECUTION PAGE FOR SUBSCRIPTION BY INDIVIDUALS

 

(not applicable to subscriptions by entities, Individual Retirement Accounts, Keogh Plans or ERISA Plans)

	
NUMBER OF SHARES SUBSCRIBED FOR 

	30,000
	
MULTIPLIED BY

	
$1.00 PER SHARE

	
TOTAL SUBSCRIPTION AMOUNT

	
$30,000

[Check as appropriate]

	
__

	
INDIVIDUAL OWNER

	
CUSTODIAN UNDER

	
(One signature required below)

	
Uniform Gifts to Minors Act

	  
	  	  	  
	
__

	
 JOINT TENANTS WITH RIGHT OF SURVIVORSHIP (Insert applicable state) ________________

	  
	
(All tenants must sign below) (Custodian must sign below)

	  	  
	  	  	  
	
__

	
TENANTS IN COMMON                __

	
COMMUNITY PROPERTY

	
(All tenants must sign below)

	
(Both spouses in community property states must

	  
	
sign below)

	  	  

	
Print information as it is to appear on the Company records.

	  
	  	  
	
______________________________________________________________________________________

	  
	
(Name of Subscriber)

	
 (Social Security or Taxpayer ID No.)

	  	  
	
______________________________________________________________________________________

	  
	
(Home Address)

	
(Home Telephone)

	  	  
	
______________________________________________________________________________

	  
	
(Business Address)

	
(Business Telephone)

	  	  
	
______________________________________________________________________________

	  
	
(Name of Co-Subscriber)

	
 (Social Security or Taxpayer ID No.)

	  	  
	
______________________________________________________________________________

	  
	
(Home Address)

	
 (Home Telephone)

	  	  
	
______________________________________________________________________________

	  
	
(Business Address)

	
 (Business Telephone)

 

  

  

  

SIGNATURES

Dated: September 16, 2015

	
NUMBER OF SHARES SUBSCRIBED FOR

	
30,000

	
MULTIPLIED BY

	
$1.00 PER SHARE

	
TOTAL SUBSCRIPTION AMOUNT

	
$30,000

	  	  
	
PURCHASER

	  
	  	  
	
Richard Battaglini

	  
	  	  
	/s/ Richard Battaglini	 
	  	  
	
 

	  
	
ACCEPTED AND AGREED:

	  
	  	  
	
ALPINE 4 TECHNOLOGIES, LTD.

	  
	
a Delaware corporation

	  
	  	  
	  	  
	  	  
	
By:  /s/ Kent Wilson

	
Dated: September 16, 2015

	
Name: Kent B. Wilson

	  
	
Title: Chief Executive Officer

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