SEC Contract Filing

Filing Date: 2015-12-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v427411_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: right"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>STOCK REPURCHASE AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">THIS STOCK REPURCHASE
AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;) is entered into as of December 18, 2015, by and between Onvia, Inc., a Delaware
corporation (the &ldquo;<U>Company</U>&rdquo;), and Nadel and Gussman Management, LLC, the sole manager of Nadel and Gussman Energy,
LLC that holds sole direct voting and dispositive powers of the Repurchase Shares (as defined below) (the &ldquo;<U>Seller</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>W I T N E S S E T H: </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">WHEREAS, the Seller
beneficially owns in aggregate 349,497 shares of the Company&rsquo;s common stock, $.0001 par value per share (the &ldquo;<U>Common
Stock</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">WHEREAS, the Seller
has agreed to transfer to the Company, and the Company has agreed to repurchase, all such shares owned by the Seller (the &ldquo;<U>Repurchase
Shares</U>&rdquo;) at the price and upon the terms and subject to the conditions set forth in this Agreement (the &ldquo;<U>Repurchase
Transaction</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">WHEREAS, the Board
of Directors of the Company (the &ldquo;<U>Board</U>&rdquo;) has approved the Repurchase Transaction and has authorized, approved
and declared it advisable for the Company to enter into this Agreement and take all such other actions necessary or desirable to
consummate the Repurchase Transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">NOW, THEREFORE, in
consideration of the foregoing and of the representations, warranties, covenants and agreements contained in this Agreement and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to
be legally bound, agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 18pt">1.</TD><TD><U>Repurchase Transaction</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Seller hereby agrees to transfer, assign, sell, convey and deliver to the Company all of its right, title, and interest in
and to the Repurchase Shares at a per share purchase price of $3.00.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The closing of the sale of the Repurchase Shares (the &ldquo;<U>Closing</U>&rdquo;) shall take place concurrently with the execution
of this Agreement at the offices of the Company located in Seattle, Washington, or at such other time and place as may be agreed
upon by the Company and the Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the Closing, (i) the Seller shall deliver or cause to be delivered to the Company all the Seller&rsquo;s right, title and interest
in and to the Repurchase Shares by delivering to the Depository Trust Company and other securities intermediaries all required
documentation, and whatever documents of conveyance or transfer may be necessary to transfer and confirm in the Company all right,
title and interest in and to the Repurchase Shares and (ii) the Company shall deliver to the Seller an aggregate purchase price
for the Repurchase Shares of $1,048,491, by wire transfer of immediately available funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;