EX-10.1
from 8-K
10 pages
Neither This Note Nor the Securities That May Be Issued by the Company Upon Conversion Hereof (Collectively, the “Securities”) Have Been Registered Under the Securities Act of 1933, as Amended (The “1933 Act”), or the Securities Laws of Any State or Other Jurisdiction. Neither the Securities Nor Any Interest or Participation Therein May Be Offered for Sale, Sold, Transferred or Assigned: (I) in the Absence of an Effective Registration Statement for the Securities Under the 1933 Act, or Applicable State Securities Laws; or (II) in the Absence of an Opinion of Counsel, in a Form Acceptable to the Issuer, That Registration Is Not Required Under the 1933 Act Or; (III) Unless Sold, Transferred or Assigned Pursuant to Rule 144 Under the 1933 Act
12/34/56
EX-10.1
from 8-K/A
4 pages
Binding Term Sheet Effective Date October 2, 2017 Buyer Spindle, Inc., a Nevada Corporation, 1201 S. Alma School Road, Suite 12500, Mesa, Az 85210 (“Spindle”) Seller *****, a Delaware Corporation, ***** Contemplated Transaction Spindle Will Acquire 100% of the Ownership in Vyapay, LLC Consideration 1. Spindle Will Pay $2.0 Million for Vyapay, LLC · $*** in Cash at Closing · $**** in Spindle Shares 2. Spindle Will Deliver $***** at Closing · Proceeds Will Be Placed in Escrow With Bank to Be Used as a Reserve for Processing 3. Spindle Will Also Raise a Minimum of $***** in Working Capital to Be Used for Day-To-Day Operations, Growth and Acquisitions Timing Execution of Definitive Documents on or Before December 31, 2017 Binding and Exclusive ***** Agrees to Exclusivity to Spindle for the Acquisition of ***** Until December 31, 2017. Unless Mutually Agreed by Both Parties, This Term Sheet Will Expire on December 31, 2017. This Document Is Meant to Have the Character of a Binding Term Sheet Which Will Be Formalized in Definitive Agreements on or Around December 31, 2017. Private and Confidential
12/34/56
EX-10.1
from 8-K/A
4 pages
Binding Term Sheet Effective Date October 2, 2017 Buyer Spindle, Inc., a Nevada Corporation, 1201 S. Alma School Road, Suite 12500, Mesa, Az 85210 (“Spindle”) Seller *****, a ***** Corporation, *****, Ca ***** Contemplated Transaction Spindle Will Acquire 100% of the Ownership in ***** Consideration 1. Spindle Will Pay $***** for ***** · $*** in Cash at Closing · $**** in Spindle Shares 2. Spindle Will Deliver $***** at Closing · Proceeds Will Be Placed in Escrow With Bank to Be Used as a Reserve for Processing 3. Spindle Will Also Raise a Minimum of $***** in Working Capital to Be Used for Day-To-Day Operations, Growth and Acquisitions Timing Execution of Definitive Documents on or Before December 31, 2017 Binding and Exclusive ***** Agrees to Exclusivity to Spindle for the Acquisition of ***** Until December 31, 2017. Unless Mutually Agreed by Both Parties, This Term Sheet Will Expire on December 31, 2017. This Document Is Meant to Have the Character of a Binding Term Sheet Which Will Be Formalized in Definitive Agreements on or Around December 31, 2017. Private and Confidential
12/34/56
EX-10.1
from 8-K
5 pages
Binding Term Sheet Effective Date October 2, 2017 Buyer Spindle, Inc., a Nevada Corporation, 1201 S. Alma School Road, Suite 12500, Mesa, Az 85210 (“Spindle”) Seller *****, a ***** Corporation, *****, Ca ***** Contemplated Transaction Spindle Will Acquire 100% of the Ownership in ***** Consideration 1. Spindle Will Pay $***** for ***** · $*** in Cash at Closing · $**** in Spindle Shares 2. Spindle Will Deliver $***** at Closing · Proceeds Will Be Placed in Escrow With Bank to Be Used as a Reserve for Processing 3. Spindle Will Also Raise a Minimum of $***** in Working Capital to Be Used for Day-To-Day Operations, Growth and Acquisitions Timing Execution of Definitive Documents on or Before December 31, 2017 Private and Confidential
12/34/56