SEC Contract Filing

Filing Date: 2018-12-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>bkti_ex101.htm
<DESCRIPTION>PURCHASE AGREEMENT
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Exhibit 10.1</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">PURCHASE
AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
PURCHASE AGREEMENT (this &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) is made and
entered into as of December 12, 2018, by and between BK
Technologies, Inc., a Nevada corporation (&#x201C;<font style="text-decoration: underline">Purchaser</font>&#x201D;), and Donald
F.U. Goebert, an individual (&#x201C;<font style="text-decoration: underline">Seller</font>&#x201D;).&#xA0;&#xA0;Purchaser
and Seller are sometimes referred to herein together as the
&#x201C;<font style="text-decoration: underline">Parties</font>.&#x201D;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, as of the
date hereof, Seller is the holder of 200,000 shares of common
stock, $0.60 par value per share, of Purchaser (the
&#x201C;<font style="text-decoration: underline">Shares</font>&#x201D;);
and</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">WHEREAS, Purchaser
desires to purchase the Shares and Seller desires to sell the
Shares to Purchaser pursuant to the terms and conditions of this
Agreement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NOW,
THEREFORE, the Parties hereby agree as follows:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1.
<font style="text-decoration: underline">Sale</font>.&#xA0;&#xA0;Seller hereby
sells, assigns, transfers, conveys and delivers the Shares to
Purchaser, and Purchaser hereby purchases the Shares from
Seller.&#xA0;&#xA0;Promptly after the execution of this Agreement,
Seller will instruct its broker to transfer the Shares to Purchaser
through DTC to the account designated by
Purchaser.&#xA0;&#xA0;Seller will cause the transfer to be
completed as expeditiously as reasonably possible after the date
hereof.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">2.
<font style="text-decoration: underline">Purchase
Price</font>.&#xA0;&#xA0;The purchase price for the Shares shall be
$3.70 per share, or an aggregate of $740,000 (the
&#x201C;<font style="text-decoration: underline">Purchase
Price</font>&#x201D;).&#xA0;&#xA0;The Purchase Price shall be paid
by the Purchaser to the Seller promptly after the Shares are
transferred to the Purchaser account as set forth in Section
1.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">3.
<font style="text-decoration: underline">Warranties of
Seller</font>.&#xA0;&#xA0;Seller hereby represents and warrants to
Purchaser that:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">a.
<font style="text-decoration: underline">Power</font>.&#xA0;&#xA0;Seller has
all requisite power and authority to execute, deliver and perform
his obligations under this Agreement and consummate the
transactions contemplated hereby.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">b.
<font style="text-decoration: underline">Authorization</font>.&#xA0;&#xA0;The
execution, delivery and performance by Seller of this Agreement