a)
|
Seller
hereby warrants and represents that Seller is the lawful owner of
the
Shares, free and clear of all security interests, liens, encumbrances,
equities and other charges (other than those that will be eliminated
and
discharged at closing), with sole dispositive authority with respect
to
the Shares and has not granted any person a proxy that has not expired
or
been validly withdrawn and the sale and delivery of the Shares to
Purchaser pursuant to this Agreement will vest in Purchaser the legal
and
valid title to the Shares, free and clear of all liens, security
interests, adverse claims or other encumbrances of any character
whatsoever.
|
b)
|
Seller
represents that it has full power and authority to enter into this
Agreement.
|
c)
|
Neither
the execution or delivery by the Seller of this Agreement, nor the
consummation or performance by the Seller of the transactions contemplated
hereby or thereby will, directly or indirectly, (a) contravene, conflict
with, constitute a default (or an event or condition which, with
notice or
lapse of time or both, would constitute a default) under, any agreement
or
instrument to which the Seller is a party or to which the Shares
are
subject; or (b) contravene, conflict with, or result in a violation
of,
any law to which the Seller may be
subject.
|
d)
|
There
is no pending action, claim or proceeding against the Seller that
involves
the Shares or that challenges, or may have the effect of preventing,
delaying or making illegal, or otherwise interfering with, any of
the
transactions contemplated by this Agreement and, to the knowledge
of the
Seller, no such action, claim or proceeding has been threatened,
and no
event or circumstance exists that is reasonably likely to give rise
to or
serve as a basis for the commencement of any such action, claim or
proceeding.
|
a)
|
Purchaser
hereby warrants and represents that Purchaser will comply with the
terms
and conditions of the Seller’s two year lockup agreement with the Company,
as described in Section 3 above.
|
b)
|
Purchaser
represents that it has full power and authority to enter into this
Agreement.
|
c)
|
Purchaser
has conducted its own due diligence with respect to the Company and
that
Seller has made no representations with respect to the Company, its
status, or the existence or non-existence of liabilities in the Company
or
the Shares except as explicitly stated in this Agreement.
|
“PURCHASER”
|
||||
Warp
9, Inc.
|
Cumorah
Capital, Inc.
|
|||
By
|
|
By
|
|
|
Harinder
Dhillon, President
|
William
E. Beifuss, Jr., President
|
|||
3225
McLeod Drive, Suite 100
|
||||
Goleta,
CA 93117
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Las
Vegas, NV 89121
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