SEC Contract Filing

Filing Date: 2015-08-17

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex1035.htm
<DESCRIPTION>EXHIBIT 10.35
<TEXT>
<HTML>
<head><title>SECURITIES PURCHASE AGREEMENT</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:'Times New Roman'; MARGIN-TOP:0px; COLOR:#000000"> <div style=WIDTH:624px> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><b>SECURITIES PURCHASE AGREEMENT</b></p><b> <p style="FONT-SIZE:12pt; MARGIN:0px"><br></p></b> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px" align=justify>This <b>SECURITIES PURCHASE AGREEMENT</b> (the &#147;Agreement&#148;), dated as of August 11, 2015, by and between , a Nevada corporation, with headquarters located at 202 Osmanthus Way, Canton, GA 30114 (the &#147;Company&#148;), and <b>Union Capital, LLC.</b>, a New York Limited Liability Company, with its address at 338 Crown Street, Brooklyn, NY 11225 (the &#147;Buyer&#148;).</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><b>WHEREAS</b>:</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN-BOTTOM:-2px; WIDTH:72px; MARGIN-TOP:0px; FLOAT:left; TEXT-INDENT:48px">A.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify>The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the &#147;SEC&#148;) under the Securities Act of 1933, as amended (the &#147;1933 Act&#148;);</p> <p style="CLEAR:left; MARGIN:0px" align=justify><br></p> <p style="FONT-SIZE:12pt; MARGIN-BOTTOM:-2px; WIDTH:72px; MARGIN-TOP:0px; FLOAT:left; TEXT-INDENT:48px">B.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify>Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement two 8% convertible notes of the Company, in the forms attached hereto as Exhibit A and B in the aggregate principal amount of $105,308.40 (with the first note being in the amount of $52,654.20 and the second note being in the amount of $52,654.20 (together with any note(s) issued in replacement thereof, the &#147;Note&#148;), convertible into shares of common stock, $ par value per share, of the Company (the &#147;Common Stock&#148;), upon the terms and subject to the limitations and conditions set forth in such Note. The first of the two notes (the &#147;First Note&#148;) shall be paid for by the Buyer as set forth herein. &nbsp;The second note (the &#147;Second Note&#148;) shall initially be paid for by the issuance of an offsetting $52,654.20 secured note issued to the Company by the Buyer (&#147;Buyer Note&#148;), provided that prior to conversion of the Second Note, the Buyer must have paid off the Buyer Note in cash such that the Second Note may not be converted until it has been paid for in cash. &nbsp;</p> <p style="MARGIN-BOTTOM:16px; MARGIN-TOP:0px; CLEAR:left"><br></p> <p style="FONT-SIZE:12pt; MARGIN-BOTTOM:-2px; WIDTH:72px; MARGIN-TOP:0px; FLOAT:left; TEXT-INDENT:48px">C.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify>The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth immediately below its name on the signature pages hereto; and</p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px"><b>NOW THEREFORE</b>, the Company and the Buyer severally (and not jointly) hereby agree as follows:</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN-BOTTOM:-2px; WIDTH:120px; MARGIN-TOP:0px; FLOAT:left; TEXT-INDENT:96px">1.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify><u>Purchase and Sale of Note.</u></p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN-BOTTOM:-2px; WIDTH:168px; MARGIN-TOP:0px; FLOAT:left; TEXT-INDENT:144px">a.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify><u>Purchase of Note</u>. &nbsp;On each Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer&#146;s name on the signature pages hereto.</p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">_____</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Company Initials</p> <p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-BOTTOM:9px; PADDING-TOP:9px"> <p style="FONT-SIZE:4pt; MARGIN-BOTTOM:-4pt; MARGIN-TOP:0px; PAGE-BREAK-BEFORE:always" /> <p style="FONT-SIZE:12pt; MARGIN-BOTTOM:-2px; WIDTH:168px; MARGIN-TOP:0px; FLOAT:left; TEXT-INDENT:144px">b.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify><u>Form of Payment</u>. &nbsp;On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the &#147;Purchase Price&#148;) by wire transfer of immediately available funds to the Company, in accordance with the Company&#146;s written wiring instructions, against delivery of the Note in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer&#146;s name on the signature pages hereto, and (ii)&nbsp;the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price. </p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN-BOTTOM:-2px; WIDTH:168px; MARGIN-TOP:0px; FLOAT:left; TEXT-INDENT:144px">c.</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify><u>Closing Date</u>. &nbsp;The date and time of the issuance and sale of the Note pursuant to this Agreement (the &#147;Closing Date&#148;) shall be on or about August 115, or