Document:

exmov_ex101.htm

Exhibit 10.1

 

EXMOVERE HOLDINGS, INC.

WRITTEN CONSENT BY SHAREHOLDERS

REPLACEMENT OF DIRECTOR

 

In lieu of a special meeting of the shareholders of Exmovere Holdings, Inc., a corporation duly organized in the state of Nevada (the “Company”), the undersigned, representing both a quorum and a holder of the majority of the shares of the Company, take the following actions by written consent; said actions to have the same full force and effect as if adopted at a meeting duly held and called;

WHEREAS, pursuant to Section 2.9 of the Bylaws, any action required or permitted to be taken by the vote of stockholders at a meeting, may be taken without a meeting if authorized by the written consent of stockholders holding at least a majority of the voting power; and in no instance where action is authorized by written consent need a meeting of stockholders be called or notice given; and

WHEREAS, pursuant to Section 7.4 of the Bylaws, the entire Board, or any individual director may be removed from office without assigning any cause by the majority vote or consent of the shareholders entitled to elect directors; and

WHEREAS,  pursuant to Section 7.6 of the Bylaws, vacancies on the Board shall be filled by a majority vote of the remaining members of the Board, though less than a quorum, or by a sole remaining director, and each person so selected shall be a director to serve for the balance of the unexpired term;

WHEREAS, William Heath is currently a director of the Company; and

WHEREAS, the Company is desirous of having Mr. Robert Kinssies become an independent director of the Board of the Company and Mr. Kinssies is desirous of becoming an independent director of the Company; and

WHEREAS, Mr. Kinssies has many years of relevant business experience and business contacts that may be extremely beneficial to the future growth and development of the Company;

NOW THEREFORE, BE IT RESOLVED THAT, effective immediately, William Heath is hereby removed as a Director of the Company and the Board of Directors is authorized to vote whether to appoint Mr. Kinssies to fill the vacancy left by Mr. Heath’s removal until the annual meeting; and

The Chief Executive Officer of the Company may take whatever legal steps as he deems necessary to put these resolutions into effect.  This written consent shall be duly recorded in the minutes of the proceedings of the shareholders.

 

_initial

  

1

  

 

IN WITNESS WHEREOF, we have each executed this Written Consent of the Shareholders, which may be signed in one or more counterparts, each of which when taken together shall constitute one and the same instrument effective as of the date first executed below.

_initial

 

2exmov_ex102.htm

Exhibit 10.2

 

EXMOVERE HOLDINGS, INC.

RESOLUTION BY THE BOARD OF DIRECTORS

APPOINTMENT OF NEW DIRECTOR TO FILL VACANCY

WHEREAS, William Heath has been removed as a director of the Company by written consent of the Shareholders dated March 31, 2011 and his removal has left a vacancy on the Board of Directors;

WHEREAS, Section 7.6 of the Company’s Bylaws provides that any vacancy in the Board of Directors by any other cause, shall be filled by an affirmative vote of a majority of the remaining Directors, though less than a quorum of the Board or by a sole remaining Director, at any regular meeting or special meeting of the Board of Directors called for that purpose;

NOW THEREFORE, BE IT RESOLVED THAT, Mr. Robert Kinssies is now appointed as a member of the Board of Directors to fill the vacancy until the next annual meeting of the Company.

BE IT RESOLVED FURTHER THAT, the Chief Executive Officer of the Company is hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers deem necessary or advisable, to carry out the purposes of the foregoing resolutions.

It is hereby certified by the undersigned that the foregoing resolutions were duly passed by the Board of Directors of Exmovere Holdings, Inc. on the 31st day of March, 2011 at a special telephone meeting called by the Board of Directors in which a majority of the Board of Directors were present and unanimously voted for the foregoing resolutions in accordance with the Bylaws of the Company and that the said resolutions may be signed in one or more counterparts, each of which when taken together shall constitute one and the same instrument.  The said resolutions have been duly recorded in the minutes of the Board of Directors of the Company and are in full force and effect.ex-10_1.htm

Moody National Reit I, Inc. - 8-K

 

Exhibit 10.1

 

AMENDMENT NO. 1

TO THE

AMENDED AND RESTATED ADVISORY AGREEMENT

This Amendment No. 1 to the Amended and Restated Advisory Agreement (this “Amendment”) is made and entered into as of April 6, 2011 by and among Moody National REIT I, Inc., a Maryland corporation (the “Company”), Moody National Operating Partnership I, L.P., a Delaware limited partnership (the “Operating Partnership”), Moody National Advisor I, LLC, a Delaware limited liability company (the “Advisor”), and, solely in connection with the obligations set forth in Section 13 of the Advisory Agreement (as defined below), Moody National Realty Company, L.P., a Texas limited partnership (“Moody National”). The Company, the Operating Partnership, the Advisor and Moody National are collectively referred to herein as the “Parties.” Capitalized terms used but not defined herein shall have the meaning set forth in the Advisory Agreement (as defined below).

W I T N E S S E T H

WHEREAS, the Parties previously entered into that certain Amended and Restated Advisory Agreement, dated and effective as of August 14, 2009 (the “Advisory Agreement”), which provided for, among other matters, the management of the Company’s and the Operating Partnership’s day-to-day activities by the Advisor;

WHEREAS, the initial term of the Advisory Agreement is for a one year term which agreement may be renewed for an unlimited number of successive one year terms;

WHEREAS, the Parties previously agreed to extend the term of the Advisory Agreement to April 15, 2011; and

WHEREAS, pursuant to Section 16 (Term of the Agreement) of the Advisory Agreement, the Parties desire to amend the Advisory Agreement pursuant to this Amendment in order to renew the term of the Advisory Agreement for an additional one year term.

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the Parties, intending to be legally bound, hereby agree as follows:

ARTICLE I

AMENDMENT

In order to give effect to the Parties’ agreement to renew the term of the Advisory Agreement for an additional one year term and to make certain clarifications with respect to the terms and conditions of the deferral of fees payable to the Advisor, the Parties agree as follows:

Section 1.1                      Renewal of Advisory Agreement.  Pursuant to Section 16 of the Advisory Agreement, the Parties hereby renew the term of the Advisory Agreement effective as of April 15, 2011for an additional one year term ending on April 15, 2012.

  

  

  

 

ARTICLE II

MISCELLANEOUS

Section 2.1                      Continued Effect.   Except as specifically set forth herein, all other terms and conditions of the Advisory Agreement shall remain unmodified and in full force and effect, the same being confirmed and republished hereby.  In the event of any conflict between the terms of the Advisory Agreement and the terms of this Amendment, the terms of this Amendment shall control.

Section 2.2                      Counterparts.  The Parties may sign any number of copies of this Amendment.  Each signed copy shall be an original, but all of them together represent the same agreement.  Delivery of an executed counterpart of a signature page of this Amendment or any document or instrument delivered in connection herewith by telecopy or other electronic method shall be effective as delivery of a manually executed counterpart of this Amendment or such other document or instrument, as applicable.

Section 2.3                      Governing Law.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of Delaware.

[Signatures on following page]

 

 

  

  

  

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first written above.

 

	  	  	
 
MOODY NATIONAL REIT I, INC.

	  
	  	  	  	  
	  	  	
By:

	

/s/Brett Moody

	  
	  	  	
Name:

	Brett Moody	  
	  	  	
Title:

	President	  

 

 

	  	MOODY NATIONAL OPERATING PARTNERSHIP I, L.P.	  
	  	  	  	  
	  	By:	
 
MOODY NATIONAL REIT I, INC., its general partner 

	  
	  	  	  	  
	  	 	By:	 /s/Brett Moody	  
	  	  	
Name:

	Brett Moody	  
	  	  	
Title:

	President	  

 

 

	  	  	
 
MOODY NATIONAL ADVISOR I, INC.

	  
	  	  	  	  
	  	  	
By:

	

/s/Brett Moody

	  
	  	  	
Name:

	Brett Moody	  
	  	  	
Title:

	President	  

 

	  	Solely in connection with the obligations set forth in Section 13 of the Advisory Agreement:
	  	  	  	  

 

	  	  	
 
MOODY NATIONAL REALTY COMPANY, LP

	  
	  	  	  	  
	  	  	
By:

	

/s/Brett Moody

	  
	  	  	
Name:

	Brett Moody	  
	  	  	
Title:

	Presidentex10_1exchangeagmnt.htm

Exhibit 10.1

SECURITIES EXCHANGE AGREEMENT

 

THIS SECURITIES EXCHANGE AGREEMENT (the “Agreement”), dated as of March 31, 2011, is entered into by and among Wave Uranium Holding now FBC Holding, Inc., a Nevada corporation (the “Company”), and the persons identified as “Holders” on the signature pages hereto (the “Holders”).

 

WHEREAS, the Company issued certain 8% Original Issue Discount Senior Secured Convertible Debentures (the “Debentures”) with an aggregate principal value of $1,562,500 due March 20, 2010 to the Holders; and

 

WHEREAS, the Company and the Holders have agreed to exchange the Debentures for Preferred Stock (as defined below).

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Holder hereby agrees as follows:

 

1.         Definitions.

“Affiliate” means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Certificate of Designation” means the Certificate of Designation to be filed prior to the Closing by the Company with the Secretary of State of Nevada, in the form of Exhibit A attached hereto.

 

“Closing Date” means the Trading Day when all of the Transaction Documents have been executed and delivered by the applicable parties thereto.

“Common Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

“Conversion Price” shall have the meaning ascribed to such term in the Certificate of Designation.

 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

“Liens” means a lien, charge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Material Adverse Effect” shall have the meaning assigned to such term in Section 4(b).

 

  

  

  

“Person” means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Preferred Stock” means the Company’s Series A Convertible Preferred Stock issued hereunder having the rights, preferences and privileges set forth in the Certificate of Designation, in the form of Exhibit A hereto.

 “Required Minimum” means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon conversion in full of all Preferred Stock, ignoring any conversion or exercise limits set forth therein, and assuming that the Conversion Price is at all times on and after the date of determination 75% of the then Conversion Price on the Trading Day immediately prior to the date of determination.

“Subsidiary” means any direct or indirect subsidiary of the Corporation and shall, where applicable, also include any direct or indirect subsidiary of the Corporation formed or acquired after the date of this Agreement.

 

“Trading Day” means a day on which the principal Trading Market is open for trading.

 

 “Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE AMEX, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, OTC Bulletin Board, or OTC Markets (or any successors to any of the foregoing).

 

“Transaction Documents” means this Agreement, the Certificate of Designation, all schedules and exhibits thereto and hereto and any other documents or agreements executed in connection with the transactions contemplated hereunder.

 

“Underlying Shares” means the shares of Common Stock issued and issuable upon conversion of the Preferred Stock in accordance with the terms of the Certificate of Designation.

2.           Waiver.  Subject to the terms and conditions hereunder, each Holder hereby waives its right to exercise or enforce its rights under the Debentures.

3.           Agreements.

 

(a)           Exchanged Debentures.  The Company hereby agrees to issue to the Holders 2,500,000 shares of Preferred Stock, in the aggregate, issued and delivered in exchange for delivery and cancellation of the Debentures.  Each Holder acknowledges and agrees that upon the issuance and acceptance of the certificate evidencing its

 

  

2

  

Preferred Stock issued pursuant to this Section, the original certificates evidencing its Debentures will be deemed cancelled,

 

(b)           Filing of Certificate of Designation.  The Company hereby agrees to file the Certificate of Designation with the Secretary of State of Nevada prior to the Closing Date.  The Company shall provide written evidence of the filing of the Certificate of Designation with the Secretary of State of Nevada at or prior to the Closing Date.

 

4.           Representations and Warranties. The Company hereby makes to the Holders the following representations and warranties:

 

(a)           Authorization; Enforcement.  The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder and thereunder.  The execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company, its board of directors or its stockholders in connection therewith.  This Agreement has been duly executed by the Company and, when delivered in accordance with the terms hereof will constitute the valid and binding obligation of the Company enforceable against the Company in accordance with its terms except (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.

 

(b)           No Conflicts.  The execution, delivery and performance of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of the Company’s or any Subsidiary’s certificate or articles of incorporation, bylaws or other organizational or charter documents, or (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, result in the creation of any Lien upon any of the properties or assets of the Company or any Subsidiary, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any material agreement, credit facility, debt or other material instrument (evidencing a Company or Subsidiary debt or otherwise) or other material understanding to which the Company or any Subsidiary is a party or by which any property or asset of the Company or any Subsidiary is bound or affected, or (iii) conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company or a Subsidiary is subject (including federal and state securities laws and regulations), or by which any property or asset of the Company or a Subsidiary is bound or affected; except in the case of each of clauses (ii) and (iii), such as could not have or reasonably be expected to result in (x) a material adverse effect on the legality, validity or enforceability of any Transaction Document, (y) a material adverse effect on the results

 

  

3

  

of operations, assets, business, prospects or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (z) a material adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction Document (any of (x), (y) or (z), a “Material Adverse Effect”).

 

(c)           Equal Consideration.  Except as otherwise set forth herein, no consideration has been offered or paid to any person to amend or consent to a waiver, modification, forbearance or otherwise of any provision of any of the Transaction Documents.

 

(d)           Issuance of the Preferred Stock.  The Preferred Stock are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents.  The Underlying Shares, when issued in accordance with the terms of the Transaction Documents, will be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents.  The Company has reserved from its duly authorized capital stock a number of shares of Common Stock for issuance of the Underlying Shares at least equal to the Required Minimum on the date hereof.

 

(e)           Holding Period for Preferred Stock. Pursuant to Rule 144, the holding period of the Preferred Stock (and Underlying Shares issuable upon conversion thereof) shall tack back to the original issue date of the Debentures.  The Company agrees not to take a position contrary to this Section 4(e).  The Company agrees to take all actions, including, without limitation, the issuance by its legal counsel of any necessary legal opinions (which may be satisfied pursuant to Section 5), necessary to issue to the Preferred Stock (and Underlying Shares issuable upon conversion thereof) without restriction and not containing any restrictive legend without the need for any action by the Holder.  The Company is not subject to Rule 144(i).

 

5.           Legal Opinion.  The Company hereby agrees to cause its legal counsel to issue a legal opinion to the undersigned Holders, substantially in the form of Exhibit B attached hereto.

6.           Miscellaneous.

(a)           In addition, the respective obligations and agreements of the Holders hereunder are subject to the following conditions being met: (a) the accuracy in all material respects of the representations and warranties of the Company contained herein (except for those representations and warranties that are qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) and (b) the performance by the Company of all if its obligations, covenants and agreements required to be performed hereunder.  Except as expressly set forth above, all of the terms and conditions of the Transaction Documents shall continue in full force and effect after the execution of this Agreement and shall not be in any way changed, modified or

  

4

  

superseded by the terms set forth herein.  The Company shall, within 2 Trading Days of the date hereof, issue a Current Report on Form 8-K disclosing the material terms of the transactions contemplated hereby, and shall attach this Agreement and all other related agreements thereto, including, without limitation, the Certificate of Designation (the “8-K Filing”).  From and after the filing of the 8-K Filing with the Commission, the Holder shall not be in possession of any material, nonpublic information received from the Company, any of its Subsidiaries or any of their respective officers, directors, employees or agents, that is not disclosed in the 8-K Filing.  The Company shall consult with the Holders in issuing any other press releases with respect to the transactions contemplated hereby.

 (b)           This Agreement may be executed in two or more counterparts and by facsimile signature or otherwise, and each of such counterparts shall be deemed an original and all of such counterparts together shall constitute one and the same agreement.

(c)           The Company has elected to provide all Holders with the same terms and form of agreement for the convenience of the Company and not because it was required or requested to do so by the Holders.  The obligations of each Holder under this Agreement, and any Transaction Document are several and not joint with the obligations of any other Holder, and no Holder shall be responsible in any way for the performance or non-performance of the obligations of any other Holder under this Agreement or any Transaction Document.  Nothing contained herein or in any Transaction Document, and no action taken by any Holder pursuant thereto, shall be deemed to constitute the Holders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or the Transaction Documents.  Each Holder shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Holder to be joined as an additional party in any proceeding for such purpose.  Each Holder has been represented by its own separate legal counsel in their review and negotiation of this Agreement and the Transaction Documents.

 

(d)           If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties.  The parties will endeavor in good faith

 

  

5

  

negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

 

(f)           This Agreement shall be governed by and interpreted in accordance with laws of the State of New York, excluding its choice of law rules.  The parties hereto hereby waive the right to a jury trial in any litigation resulting from or related to this Agreement.  The parties hereto consent to exclusive jurisdiction and venue in the federal courts sitting in the southern district of New York, unless no federal subject matter jurisdiction exists, in which case the parties hereto consent to exclusive jurisdiction and venue in the New York state courts in the borough of Manhattan, New York.  Each party waives all defenses of lack of personal jurisdiction and forum non conveniens.  Process may be served on any party hereto in the manner authorized by applicable law or court rule.

 

***********************

  

6

  

IN WITNESS WHEREOF, this Agreement is executed as of the date first set forth above.

FBC Holding Inc.

By:____/s/ Christopher LeClerc_____________

Name: Christopher LeClerc

Title:  CEO

[signature page(s) of Holders to follow]

  

7

  

COUNTERPART SIGNATURE PAGE OF HOLDER TO

SECURITIES EXCHANGE AGREEMENT

AMONG WAVE URANIUM HOLDING AND

THE HOLDERS THEREUNDER

Name of Holder:                                Enable Growth Partners, LP

Enable Opportunity Partners, LP

Pierce Diversified Strategies Series ENA

By:__/s/ Mitch Levine_______________________________

Name:__Mitch Levine_______________________________

Title:__GP/CEO____________________________________

Principal Amount of Debentures: _$1,562,500____________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}]]