SEC Contract Filing

Filing Date: 2018-09-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>f8k091318_ex10z3.htm
<DESCRIPTION>EXHIBIT 10.3 STOCK PURCHASE AGREEMENT, DATED SEPTEMBER 11, 2018, BY AND AMONG HAMMER FIBER OPTICS HOLDINGS CORP. AND SHELCOMM AND THE SELLERS PARTY THERETO.
<TEXT>
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<TITLE>Exhibit 10.3 Stock Purchase Agreement, dated September 11, 2018, by and among Hammer Fiber Optics Holdings Corp. and Shelcomm and the sellers party thereto.</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>PURCHASE AGREEMENT</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>by and among</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>HAMMER FIBER OPTIC HOLDINGS CORP.,</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>a Nevada corporation,</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>OPEN DATA CENTERS, LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>a New Jersey limited liability company,</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>DATA CENTER INFRASTRUCTURE HOLDINGS, LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>a New Jersey limited liability company</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ODCMG LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>a New York limited liability company</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Dated September 12, 2018</B></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>PURCHASE AGREEMENT</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>THIS PURCHASE AGREEMENT (this <B><I>&#8220;Agreement&#8221;</I></B>) is made this 12th day of September, 2018 between and among Hammer Fiber Optic Holdings Corp., a Nevada corporation (<B><I>&#8220;Buyer&#8221;</I></B>),<B> </B>Open Data Centers, LLC, a New Jersey company (the <B><I>&#8220;Company&#8221;</I></B>), and Data Center Infrastructure Holdings, LLC, a New Jersey limited liability company with its address at 15 Corporate Place South, Suite 100, Piscataway, NJ 08854 (<B><I>&#8220;DCIH&#8221;</I></B>) and ODCMG LLC, a New York limited liability company, having its address at 34 Franklin Avenue, Suite 220, Brooklyn, NY 11205 (<B><I>&#8220;ODGMC&#8221;</I></B> and, together with Data Center, the <B><I>&#8220;Sellers&#8221;</I></B> and each, individually, a <B><I>&#8220;Seller&#8221;</I></B>)</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>W I T N E S S E T H :</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>WHEREAS, the Company is principally engaged in the engaged in the business of providing telecommunications services (the <B><I>&#8220;Business&#8221;</I></B>);</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>WHEREAS, the Sellers are the owners of an aggregate of 1576.67 Units of Company (the <B><I>&#8220;Company Units&#8221;</I></B>), which represent all of the issued and outstanding Units of the Company; and</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>WHEREAS, the Sellers desire to sell their Company Units to Buyer and Buyer desires to purchase all of the Company Units from the Sellers, all in the manner and subject to the terms and conditions hereinafter set forth.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements herein contained, the parties hereby agree as follows:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><A name=_Toc522447675 /><KBD style='position:absolute;font:10pt Times New Roman;margin-left:72pt'><B>1.</B></KBD><KBD style=margin-left:108pt></KBD><FONT style='border-bottom:1px solid #000000'><B>Terms of Acquisition</B></FONT><B>.</B>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><A name=_Toc522447676 /><KBD style='posit