Innovative Software Technologies Inc Sample Contracts

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ASSET PURCHASE AGREEMENT BY AND BETWEEN DOUGLAS W. SINGLE, INNOVATIVE SOFTWARE TECHNOLOGIES, INC.,
Asset Purchase Agreement • November 26th, 2004 • Innovative Software Technologies Inc • Services-business services, nec • Florida
REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • December 29th, 2006 • Innovative Software Technologies Inc • Services-business services, nec

This Registration Rights Agreement (this “Agreement”) is made and entered into as of December 22, 2006, among Innovative Software Technologies, Inc., a California corporation (the “Company”) and the several purchasers signatory hereto (each such purchaser, a “Purchaser” and, collectively, the “Purchasers”).

RECITALS
Settlement Agreement • July 19th, 2004 • Innovative Software Technologies Inc • Services-business services, nec • Utah
EXCHANGE AGREEMENT
Exchange Agreement • April 14th, 2004 • Innovative Software Technologies Inc • Services-business services, nec • Utah
LONG TERM COMMON STOCK PURCHASE WARRANT INNOVATIVE SOFTWARE TECHNOLOGIES, INC.
Innovative Software Technologies Inc • December 29th, 2006 • Services-business services, nec

THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Crescent International Ltd. (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after December 22, 2006 (the “Initial Exercise Date”) and on or prior to the close of business on the four year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Innovative Software Technologies, Inc., a California corporation (the “Company”), up to 8,928,571 shares (the “Warrant Shares”) of common stock, par value $.001 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

FINANCING AGREEMENT
Financing Agreement • August 15th, 2003 • Innovative Software Technologies Inc • Services-business services, nec • California
SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • December 29th, 2006 • Innovative Software Technologies Inc • Services-business services, nec • New York

This Securities Purchase Agreement (this “Agreement”) is dated as of December 22, 2006 among Innovative Software Technologies, Inc., a California corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).

BACKGROUND:
Employment Agreement • August 23rd, 2004 • Innovative Software Technologies Inc • Services-business services, nec • Florida
AGREEMENT
Employment Agreement • November 26th, 2004 • Innovative Software Technologies Inc • Services-business services, nec • Florida
RECITALS
Innovative Software Technologies Inc • January 9th, 2004 • Services-business services, nec
Exhibit 10.14 INDEMNITY AGREEMENT FOR GOOD AND VALUABLE CONSIDERATION, including but not limited to the agreement of Ethan Willis and Randy Garn ("indemnities") to provide his/her personal guarantee to assist in financing for the undersigned company,...
Indemnity Agreement • August 15th, 2003 • Innovative Software Technologies Inc • Services-business services, nec

FOR GOOD AND VALUABLE CONSIDERATION, including but not limited to the agreement of Ethan Willis and Randy Garn ("indemnities") to provide his/her personal guarantee to assist in financing for the undersigned company, the undersigned, Innovative Software Technologies, Inc. ("Company" or "Indemnitor"), bye and under the authority of its Board of Directors, hereby covenants and agrees to indemnify and hold Indemnitee harmless from and against any and all claim, demand, loss, cost, action or liability, including attorneys fees and costs incurred in defending against any such claim, demand or action, arising from, relation to or in any way resulting from obligations undertaken by Indemnitee as personal guarantor for indemnitor.

INNOVATIVE SOFTWARE TECHNOLOGIES, INC. 10% Convertible Note Due November 13, 2011
Innovative Software Technologies Inc • May 18th, 2011 • Services-business services, nec • Florida

This 10% Convertible Note (“this Note”) is issued by INNOVATIVE SOFTWARE TECHNOLOGIES, INC., a Delaware corporation (the “Obligor”), to Robert W. Singerman (the “Holder”).

BY AND BETWEEN
Asset Purchase Agreement • May 13th, 2005 • Innovative Software Technologies Inc • Services-business services, nec • Florida
EMPLOYMENT AGREEMENT
Employment Agreement • October 17th, 2013 • Innovative Software Technologies Inc • Services-business services, nec • Florida

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made this 11th day of October, 2013 by and between Innovative Software Technologies, Inc. a Delaware corporation (“INIV" or the “Employer” and collectively with any entity that is wholly or partially owned by INIV, the “Company”), located at 2802 North Howard Avenue, Tampa, Florida 33607 and Lou Zant (“Executive”), an individual residing at 3057 Scholarship, Irvine, California 92612.

LICENSING AGREEMENT
Licensing Agreement • July 23rd, 2014 • Innovative Software Technologies Inc • Services-business services, nec • Florida

THIS LICENSING AGREEMENT, dated and effective as of July 21, 2014 (“Effective Date”), (“Agreement”) is made by SLM Technologies, Inc., a Delaware corporation, (“Licensee”) and INTech Ventures, Inc., a Florida corporation, (“Licensor”). Licensee and Licensor may hereinafter also be referred to individually as a “party” and collectively as the “parties.”

EMPLOYMENT AGREEMENT
Employment Agreement • October 15th, 2014 • Innovative Software Technologies Inc • Services-business services, nec • Florida

THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into effective as of October 9, 2014 (the "Effective Date"), by and between Innovative Software Technologies, Inc., a Delaware corporation (the "Employer"), and William White, an individual resident in Florida (the "Executive").

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BACKGROUND:
Mutual Rescission Agreement and Release • June 30th, 2005 • Innovative Software Technologies Inc • Services-business services, nec
LETTER OF INTENT
Letter of Intent • July 23rd, 2014 • Innovative Software Technologies Inc • Services-business services, nec • Delaware

This Letter of Intent (this “Letter of Intent”) sets forth the agreement of Innovative Software Technologies, Inc., a Delaware corporation, (“INNO”) and SLM Technologies, Inc., a Delaware corporation (“SLM”), in connection with the transactions contemplated herein. SLM and INNO may hereinafter be referred to individually as a “party” and collectively as the “parties.” The date of this Letter of Intent is July 21, 2014 (“Effective Date”), which is the first date that this Letter of Intent is signed by all parties.

REVOLVING LINE OF CREDIT AGREEMENT
Revolving Line of Credit Agreement • July 23rd, 2014 • Innovative Software Technologies Inc • Services-business services, nec • Florida

THIS REVOLVING LINE OF CREDIT AGREEMENT (this “Agreement”) is made and entered into as of July 22, 2014, by and among SLM Technologies, Inc., a Delaware corporation (the “Lender”), and Intech Ventures, Inc., a Florida corporation (the “Borrower”).

AGREEMENT AND PLAN OF REORGANIZATION
Agreement and Plan of Reorganization • September 16th, 2013 • Innovative Software Technologies Inc • Services-business services, nec • Florida

THIS AGREEMENT AND PLAN OF REORGANIZATION (the "Agreement") entered into on September 11, 2013 by and among Innovative Software Technologies, Inc., a Delaware corporation ("Innovative"), James Robert Dwyer, Kurling Robinson, and Charles Zivko (collectively, the "Stockholders") and Live Riot, Inc., a Delaware corporation (the "Company"). Innovative, the Stockholders and the Company are referred to collectively herein as the "Parties."

EMPLOYMENT AGREEMENT
Employment Agreement • August 15th, 2014 • Innovative Software Technologies Inc • Services-business services, nec • Florida

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made this 12th day of August, 2014 by and Innovative Software Technologies, Inc. a Delaware corporation (“INIV” or the “Employer” and collectively with any entity that is wholly or partially owned by INIV, the “Company”), located at 2802 North Howard Avenue, Tampa, Florida 33607 and William Barrett Wellman (“Executive”), an individual at 3033 Wilson Blvd, Suite e-605 Arlington, VA 22201. INIV and Executive may hereinafter also be referred to individually as a “party” and collectively as the “parties.”

OFFER OF RESCISSION AND COMPROMISE SETTLEMENT
Offer of Rescission And • May 18th, 2011 • Innovative Software Technologies Inc • Services-business services, nec

Due to irreconcilable differences as well as lack of performance to written and oral agreements regarding the transaction (“Transaction”) between Innovative Software Technologies, Inc., The WEB Channel Network, Inc., The WEB Channel Network, LLC and Robert W. Singerman, (“Parties”) dated June 17, 2009, the parties agree to compromise and rescind the transaction.

RELEASE AND WAIVER
Release and Waiver • April 16th, 2008 • Innovative Software Technologies Inc • Services-business services, nec

THIS RELEASE AND WAIVER (this “Release”) dated April 14, 2008, is entered into between MERIDIAN BAY LIMITED (“Meridian”), XALLES LIMITED (“Xalles”) and INNOVATIVE SOFTWARE TECHNOLOGIES, INC. (“Innovative”) (hereinafter collectively, “the Parties”).

EMPLOYMENT AGREEMENT
Employment Agreement • February 23rd, 2007 • Innovative Software Technologies Inc • Services-business services, nec • Texas

THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into effective as of February 16, 2007 (the "Effective Date"), by and between Innovative Software Technologies, Inc., a California corporation (the "Employer" or “Company”), and Philip D. Ellett, an individual resident in Texas (the "Executive").

Warrant No. 15 Issuance Date: October 16, 2006
Innovative Software Technologies Inc • October 20th, 2006 • Services-business services, nec

THE SECURITIES REPRESENTED BY THIS AGREEMENT HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, ASSIGNED, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL OR OTHER EVIDENCE REASONABLY SATISFACTORY TO INNOVATIVE SOFTWARE TECHNOLOGIES, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

Contract
Agreement and Plan of Merger • January 16th, 2008 • Innovative Software Technologies Inc • Services-business services, nec

AGREEMENT AND PLAN OF MERGER approved on November 28, 2007 by Innovative Software Technologies, Inc., a business corporation organized under the laws of the State of California (“Innovative Software – CA”), and by its Board of Directors on said date, and approved on November 28, 2007 by Innovative Software Technologies, Inc., a business corporation organized under the laws of the State of Delaware (“Innovative Software – DE”), and by its Board of Directors on said date.

EXHIBIT A PROMISSORY NOTE
Innovative Software Technologies Inc • June 23rd, 2009 • Services-business services, nec • Florida

FOR VALUE RECEIVED, The WEB Channel Network, Inc., a Florida corporation (“Borrower”), hereby agrees to pay to The WEB Channel Network, LLC. (“Holder”), at 19901 Arbor Path, Lutz, Florida 33559 or at such other place as the Holder may designate in writing from time to time, the principal sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000), together with interest on the principal balance of this obligation from time to time remaining unpaid, at the rate and at the times provided in this Promissory Note (“this Note”). All payments required by this Note must be by legal tender of the United States of America.

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