Purchase of Note from Securities Purchase Agreement
This SECURITIES PURCHASE AGREEMENT (the Agreement), dated as of July 5, 2017, by and between REAC GROUP, INC., a Florida corporation, with headquarters located at 8878 Covenant Avenue, Suite 209, Pittsburgh, PA 15237 (the Company), and CROWN BRIDGE PARTNERS, LLC, a New York limited liability company, with its address at 1l73a 2nd Avenue, Suite 126, New York, NY 10065 (the Buyer).
Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto, subject to the express terms of the Note. At the time of Holder's funding of each tranche under the Note, the Company shall issue to Buyer as a commitment fee, a warrant to purchase an amount of shares of its common stock equal to the face value of each respective tranche divided by $0.05 (for illustrative purposes, the first tranche face value is equal to S35,000.00, resulted in the issuance of a warrant to purchase 700,000 shares of the Company's common stock) (all warrants issuable hereunder, including now and in the future, shall be referred to, in the aggregate, as the Warrant).