SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 14th, 2007 • GPS Industries, Inc. • Communications equipment, nec • New York
In the event that the Company fails to observe or perform any covenant or agreement to be observed or performed under this Agreement, any Buyer may proceed to protect and enforce its rights by suit in equity or action at law, whether for specific performance of any term contained in this Agreement or for an injunction against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or more of such actions, without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise.
PROMISSORY NOTEGPS Industries, Inc. • May 14th, 2007 • Communications equipment, nec
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE PLEDGED, SOLD, ASSIGNED OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT THERETO UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW OR AN EXEMPTION FROM SUCH REGISTRATION.
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • May 14th, 2007 • GPS Industries, Inc. • Communications equipment, nec • New York
PLEDGE AND SECURITY AGREEMENT (this “Agreement”) dated as of May 8, 2007, made by Leisurecorp LLC, a Dubai limited liability company (“Pledgor”), in favor of GPS Industries, Inc., a Nevada corporation (“Pledgee”).
