SEC Contract Filing

Filing Date: 2018-09-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_123863.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><b>Exhibit 10.1</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><u><b>Q</b></u><u><b>2</b></u><u><b> 2019 STOCK PURCHASE AGREEMENT</b></u></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;">Q2 2019 STOCK PURCHASE AGREEMENT (this &ldquo;<u>Agreement</u>&rdquo;), dated as signed by and between <b>India Globalization Capital, Inc.</b>, a Maryland corporation (the &ldquo;<u>Company</u>&rdquo;), and Investor as identified in Exhibit B (the &ldquo;<u>Investor</u>&rdquo;).</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;"><b>WHEREAS</b>, the Investor desires to purchase from the Company, and the Company desires to sell and issue to the Investor, shares in IGC (the &ldquo;<u>Shares</u>&rdquo;) Common Stock, par value $0.0001 per share, (&ldquo;<u>Common Stock</u>&rdquo;) upon the terms and conditions set forth in this Agreement; and</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;"><b>WHEREAS,</b> in the Investor&rsquo;s purchase of the Shares will be subject to certain restrictions on the transfer of the Shares, all as more fully set forth in this Agreement.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;"><b>NOW, THEREFORE</b>, in consideration of the mutual terms, conditions and other agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby agree to the sale and purchase of the Shares as set forth herein.</p>

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 <p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;">1.</p>
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 <p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><u>Definitions</u>.</p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;">For purposes of this Agreement, the terms set forth below shall have the corresponding meanings provided below.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;">&ldquo;<u>Affiliate</u>&rdquo; shall mean, with respect to any specified Person, (<u>i</u>) if such Person is an individual, the spouse, heirs, executors, or legal representatives of such individual, or any trusts for the benefit of such individual or such individual&rsquo;s spouse and/or lineal descendants, or (<u>ii</u>) otherwise, another Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Person specified. As used in this definition, &ldquo;control&rdquo; shall mean the possession, directly or indirectly, of the sole and unilateral power to cause the direction of the management and policies of a Person, whether through the ownership of voting securities or by contract or another written instrument.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;">&ldquo;<u>Business Day</u>&rdquo; shall mean any day on which banks located in New York are not required or authorized by law to remain closed.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:72pt;">&ldquo;<u>Person</u>&rdquo; shall mean an individual, entity, corporation, partnership, association, limited liability company, limited liability partnership, joint-stock c