ContractExercise Agreement • November 6th, 2006 • Globalnet Corp • Telephone communications (no radiotelephone) • New York
THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. EXCEPT AS OTHERWISE SET FORTH HEREIN OR IN A SECURITIES PURCHASE AGREEMENT DATED AS OF NOVEMBER 2, 2006, NEITHER THIS WARRANT NOR ANY OF SUCH SHARES MAY BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER SAID ACT OR, AN OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE, CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SUCH ACT.
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 6th, 2006 • Globalnet Corp • Telephone communications (no radiotelephone) • New York
SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of November 2, 2006, by and among GlobalNet Corporation, a Nevada corporation, with headquarters located at 2616 South Loop West, Suite 660, Houston, Texas 77054 (the “Company”), and each of the purchasers set forth on the signature pages hereto (the “Buyers”).
GLOBALNET CORPORATION Houston, TX 77054 November 2, 2006Globalnet Corp • November 6th, 2006 • Telephone communications (no radiotelephone)
This letter sets forth the agreement of the parties hereto to amend the conversion price of certain notes which are convertible into shares of the Company’s Common Stock, par value $.005 per share, originally issued by the Company to the investors listed in the signature page hereto (collectively, the “Investors”) pursuant to all Securities Purchase Agreements (the “Purchase Agreement”), entered into by and among the Company and the Investors (collectively, the “Notes”).
