SEC Contract Filing

Filing Date: 2020-02-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>10
<FILENAME>f10q123119_ex10z9.htm
<DESCRIPTION>EXHIBIT 10.9 SECURITIES PURCHASE AGREEMENT BY AND BETWEEN AMERICAN BATTERY METALS CORPORATION AND POWER UP LENDING GROUP LTD. DATED OCTOBER 31, 2019.
<TEXT>
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<TITLE>Exhibit 10.9 Securities Purchase Agreement by and between American Battery Metals Corporation and Power Up Lending Group Ltd. dated October 31, 2019.</TITLE>
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<DIV style=margin-left:36pt;width:540pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;margin-left:98.25pt;margin-right:96.35pt'><B>SECURITIES PURCHASE AGREEMENT</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;margin-left:7.95pt;margin-right:5.9pt'>This <B>SECURITIES PURCHASE AGREEMENT </B>(the &#8220;Agreement&#8221;), dated as of October 31, 2019, by and between <B>AMERICAN BATTERY METALS CORPORATION</B>, a Nevada corporation, with its address at 930 Tahoe Blvd. Suite 802-16, Incline Village, NV 89451 (the &#8220;Company&#8221;), and <B>POWER UP LENDING GROUP LTD.</B>, a Virginia corporation, with its address at 111 Great Neck Road, Suite 216, Great Neck, NY 11021 (the &#8220;Buyer&#8221;).</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;margin-left:98.2pt;margin-right:96.4pt'><B>WHEREAS</B>:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:43.9pt'><A name=A._The_Company_and_the_Buyer_are_executi /><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>A.</KBD><KBD style=margin-left:36.05pt></KBD>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 &#8220;SEC&#8221;) under the Securities Act of 1933, as amended (the &#8220;1933 Act&#8221;); and&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:43.9pt'><A name=B._Buyer_desires_to_purchase_and_the_Com /><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>B.</KBD><KBD style=margin-left:36.05pt></KBD>Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement a convertible note of the Company, in the form attached hereto as Exhibit A, in the aggregate principal amount of $43,000.00 (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the &#8220;Note&#8221;), convertible into shares of common stock, $0.001 par value per share, of the Company (the &#8220;Common Stock&#8221;), upon the terms and subject to the limitations and conditions set forth in such Note.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:43.95pt'><B>NOW THEREFORE</B>, the Company and the Buyer severally (and not jointly) hereby agree as follows:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:43.9pt'><A name=1._Purchase_and_Sale_of_Note. /><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>1.</KBD><KBD style=margin-left:36.05pt></KBD><FONT style='border-bottom:1px solid #000000'>Purchase and Sale of Note.</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:112.5pt'><A name=a._Purchase_of_Note.__On_the_Closing_Dat /><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>a.</KBD><FONT style='border-bottom:1px solid #000000'>Purchase of Note</FONT>. On the 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&#8217;s name on the signature pages hereto.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:112.5pt'><A name=b._Form_of_Payment.__On_the_Closing_Date /><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>b.</KBD><FONT style='border-bottom:1px solid #000000'>Form of Payment</FONT>. 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 &#8220;Purchase Price&#8221;) by wire transfer of immediately available funds to the Company, in accordance with the Company&#8217;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&#8217;s name on the signature pages hereto, and (ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:112.5pt'><A name=c._Closing_Date.__Subject_to_the_satisfa /><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-18pt'>c.</KBD><FONT style='border-bottom:1px solid #000000'>Closing Date</FONT>. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below, the date and time of the issuance and sale of the Note pursuant to this Agreement (the &#8220;Closing Date&#8221;