SEC Contract Filing

Filing Date: 2016-02-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>inol_ex101.htm
<DESCRIPTION>DEFINITIVE MERGER AGREEMENT
<TEXT>
<html><head><title>inol_ex101.htm</title><!--Document Created by EDGARMaster--></head><body style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p style="MARGIN: 0px" align="right"><b>EXHIBIT 10.1</b></p><p style="MARGIN: 0px" align="center"><b></b>&nbsp;</p><p style="MARGIN: 0px" align="center"><b>DEFINITIVE MERGER AGREEMENT</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b>AGREEMENT AND PLAN OF MERGER</b>, dated as of February 1, 2016 (the "Agreement"), among InoLife Technologies, Inc., a New York Corporation ("INOL") with its principal offices located at 6040 &#8211;A Six Forks Rd., #135, Raleigh, NC 27609 and 8687544 Canada, Inc. ("8687544") a Canadian Corporation with its principal offices located at 1 Yonge Street, Suite 1801, Toronto, Ontario, M5W 1W7 (care of: N3GU Capital Ltd.). 8687544 and INOL are collectively referred to herein as the "Parties".</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b><u>RECITALS</u></b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><b>WHEREAS</b>, the respective boards of directors and shareholders of each of 8687544 and INOL have approved the merger into INOL (the "Merger") upon the terms, and subject to the conditions, set forth in this Agreement;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><b>WHEREAS</b>, it is intended that, for federal income tax purposes, the Merger shall qualify as a reorganization under the provisions of Section 368(a) of the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated there under (the "Code"); and</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><b>WHEREAS</b>, 8687544 and INOL desire to make certain representations, warranties, covenants and agreements in connection with this Agreement.</p><p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px"><b>NOW, THEREFORE</b>, in consideration of the premises and mutual promises herein made, and in consideration of the representations, warranties, covenants and agreements herein contained, and intending to be legally bound hereby, the Parties agree as follows:</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b>ARTICLE I</b></p><p style="MARGIN: 0px"><b><u>DEFINITIONS</u></b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px">I.1 <u>Certain Definitions</u>. The following terms shall, when used in this Agreement, have the following meanings:</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">"Acquisition" means the acquisition of any businesses, assets or property other than in the ordinary course, whether by way of the purchase of assets or stock, by merger, consolidation or otherwise.</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">"Affiliate" means, with respect to any Person: (i) any Person directly or indirectly owning, controlling or holding with power to vote ten percent (10%) or more of the outstanding voting securities of such other Person (other than passive or institutional investors); (ii) any Person ten percent (10%) or more of whose outstanding voting securities are directly or indirectly owned, controlled or held with power to vote, by such other Person; (iii) any Person directly or indirectly controlling, controlled by or under common control with such other Person; and (iv) any officer, director or partner of such other Person. "Control" for the foregoing purposes shall mean the possession, directly or indirectly, of the power to direct or cause the securities or voting interests, by contract or otherwise.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreak2c6f5bc8-1ea1-4f0d-84c2-dfdff3afc892" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0"> <tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr><tr></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">"Business Day" means any day other than Saturday, Sunday or a day on which banking institutions in Los Angeles, California, are required or authorized to be closed.</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">"Code" means the United States Internal Revenue Code of 1986, as amended. "Collateral Documents" mean the Exhibits and any other documents, instruments and certificates to be executed and delivered by the Parties hereunder or there under.</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">"Commission" means the Securities and Exchange Commission or any Regulatory Authority that succeeds to its functions.</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 90px">"8687544 Assets" mean all properties, assets, privileges, powers, rights, interests and claims of every type and description that are owned, leased, held, used or useful in 8687544 Business regarding <b><u>"needle free injectors" commonly known as "INJEX"</u></b>and in which 8687544 has any right, title or interest or in which 8687544 acquires any right, title or interest on or before the Closing Date, wherever located, whether known or unknown, and whether or not now or on the Closing Date on the books and records of 8687544, but excluding any of the foregoing, if any, transferred prior to the Closing pursuant to this Agreement or any Collateral Documents. A list of 8687544 Assets is attached hereto as "Schedule A &#8211; List of 8687544 Assets."</p><p style="MARGIN