STOCK PURCHASE AGREEMENTStock Purchase Agreement • December 9th, 2008 • Omnireliant Holdings, Inc. • Perfumes, cosmetics & other toilet preparations • Florida
THIS STOCK PURCHASE AGREEMENT is made as of December 3, 2008 (the “Agreement”), among OMNIRELIANT HOLDINGS, INC., a corporation existing under the laws of Nevada (the “Purchaser”), ABAZIAS.COM, Inc., a Nevada corporation (the “Company”), and ABAZIAS, INC., a Nevada corporation (the “Seller”).
OmniReliant Holdings Enters into Purchase Agreement to Acquire Assets of Abazias, Inc.Omnireliant Holdings, Inc. • December 9th, 2008 • Perfumes, cosmetics & other toilet preparations
CLEARWATER, Fla., December 9, 2008 – On December 3, 2008, OmniReliant Holdings, Inc. (“OmniReliant”) OTCBB: ORHI entered into a securities purchase agreement (the “Purchase Agreement”) with Abazias, Inc. (“Abazias”) OTCBB: ABZA, a Delaware corporation and Abazias.com, Inc., (“Abazias Sub”), a Nevada corporation and wholly owned subsidiary of Abazias, pursuant to which OmniReliant purchased substantially all of the assets of Abazias Sub for an aggregate purchase price of: (i) a loan in the amount of Five Hundred Thousand Dollars ($500,000) (the “Loan”) and; (ii) the issuance of up to thirteen million one thousand (13,001,000) shares of the Company’s zero coupon convertible preferred stock (the “Preferred Stock”) to the Shareholders of Abazias, subject to adjustment as set forth in the Purchase Agreement.
