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BRIDGE LOAN AGREEMENT BY AND BETWEEN V2K INTERNATIONAL, INC. AND AMERIVON INVESTMENTS LLC

Bridge Loan Agreement
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V2K INTERNATIONAL INC | AMERIVON INVESTMENTS LLC

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Title: BRIDGE LOAN AGREEMENT BY AND BETWEEN V2K INTERNATIONAL, INC. AND AMERIVON INVESTMENTS LLC
Governing Law: Nevada     Date: 6/12/2008

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EXHIBIT 10.1
 
BRIDGE LOAN AGREEMENT BY AND BETWEEN
V2K INTERNATIONAL, INC. AND AMERIVON INVESTMENTS LLC
DATED AS OF JUNE 6, 2008

 
 
 
 















BRIDGE LOAN AGREEMENT
 
by and between
 
V2K International, Inc.
 
and
 
Amerivon Investments LLC
 

 








Dated as of June 6, 2008
 

 
 
 
 

TABLE OF CONTENTS
 
Page
 
 
1.
DEFINITIONS                                                                                                             1
 
 
1.1
Agreement                                                                                                     1
 
 
1.2
Amerivon                                                                                                      1
 
 
1.3
Balance Sheet                                                                                               1
 
 
1.4
Certificate of Designation                                                                          1
 
 
1.5
Closing                                                                                                         1
 
 
1.6
Closing Date                                                                                                1
 
 
1.7
Collateral                                                                                                     1
 
 
1.8
Common Stock                                                                                           1
 
 
1.9
Common Stock Equivalents                                                                      1
 
 
1.10       Company                                                                                                      2
 
1.11       Company Intellectual Property                                                                  2
 
1.12       Consulting Agreement                                                                               2
 
1.13       Disclosure Schedule                                                                                 2
 
1.14       Employee Benefit Programs                                                                   2
 
1.15       ERISA                                                                                                        2
 
1.16       Event of Default                                                                                        2
 
1.17       Hazardous Material                                                                                  2
 
1.18       Indemnified Party                                                                                    2
 
1.19       Indemnifying Party                                                                                  2  
 
1.20       Liens                                                                                                         2
 
1.21       Loan Documents                                                                                      2
 
1.22       Note                                                                                                          2
 
1.23       Registration Rights Agreement                                                             3
 
1.24       Securities                                                                                                 3
 
1.25       Securities Act                                                                                          3
 
1.26       Securities Laws                                                                                       3
 
1.27       Security Agreement                                                                                3
 
1.28       Series A Preferred Stock                                                                       3
 
1.29       Series B Preferred Stock                                                                       3
 
1.30       Series B Preferred Stock Financing                                                     3
 
1.31       Services Agreement                                                                               3
 
1.32       Shares                                                                                                      3
 
1.33       Short Sales                                                                                             3
 
1.34       Subsidiaries                                                                                            3
 
1.35       Voidable Transfer                                                                                  3
 
2.
BRIDGE LOAN                                                                                                     4
 
 
2.1
Bridge Loan                                                                                            4
 
 
2.2
Delivery by the Company                                                                      4
 
 
(a)
Note                                                                                         4
 
 
-i-
 
 
(b)
Security Agreement                                                                4
 
 
(c)
Shares                                                                                       4
 
 
(d)
Registration Rights Agreement                                              4
 
 
(e)
Consulting Agreement                                                             4
 
 
(f)
Services Agreement                                                                 4
 
 
(g)
Certified Articles                                                                     4
 
 
(h)
Good Standing Certificates                                                     4
 
 
(i)
Officers’ Certificate                                                                5
 
 
(j)
Secretaries’ Certificate                                                           5
 
 
(k)
FIRPTA                                                                                     5
 
 
(l)
Legal Opinion                                                                           5
 
                             (m)
Fees and Expenses                                                                    5
 
(n)
Other Documents                                                                      5
 
 
2.3
Fees and Expenses                                                                                   5
 
 
(a)
Fees                                                                                           5
 
 
(b)
Expenses                                                                                   5
 
 
2.4
Closing                                                                                                    6
 
 
2.5
Revival                                                                                                     6
 
 
2.6
Participation                                                                                           6
 
 
3.
SERIES B PREFERRED STOCK FINANCING.                                                6
 
 
3.1
Option to Purchase Series B Preferred Stock                                      6
 
 
3.2
Purchase of the Series B Preferred Stock                                            6
 
 
3.3
Rights of the Series B Preferred Stock                                                6
 
 
3.4
Extension of Note Maturity                                                                  7
 
 
4.
REPRESENTATIONS AND WARRANTIES OF THE COMPANY                 7
 
 
4.1
Organization and Good Standing                                                           7
 
 
(a)
The Company                                                                           7
 
 
(b)
The Subsidiaries                                                                      7
 
 
4.2
Authorization                                                                                         7
 
 
4.3
No Violation                                                                                          8
 
 
4.4
No Governmental Consent                                                                   8
 
 
4.5
Capitalization                                                                                         8
 
 
4.6
Subsidiaries                                                                                            8
 
 
4.7
Financial Statements                                                                             9
 
 
(a)
Annual Financial Statements                                                 9
 
 
(b)
Interim Financial Statements                                                9
 
 
4.8
Financial Projections                                                                           9
 
 
4.9
Tax Returns                                                                                           9
 
 
4.10       Absence of Undisclosed Liabilities                                                 10
 
4.11       Absence of Certain Changes                                                            10
 
(a)
Material Adverse Change                                                  10
 
 
(b)
No Liens                                                                             10
 
 
(c)
Purchase or Sale of Assets                                                10
 
 
(d)
Damage to Property                                                           10
 
 
(e)
Capital Stock                                                                      10
 
-ii-
 
 
(f)
Employee Matters                                                             10
 
 
(g)
Officers and Key Personnel                                             11
 
 
(h)
Payment of Material Lien or Liability                             11
 
 
(i)
Guarantee                                                                            11
 
 
(j)
Insider Loans                                                                      11 
 
 
(k)
Accounting and Other Practices                                       11
 
 
(l)
Loss of Customer or Supplier                                          11
 
 
(m)        Termination of Material Contract                                     11
 
(n)
Royalty Agreements                                                          11
 
 
(o)
Fixed Price or Volume Agreements                                11
 
 
(p)
Material Transactions                                                        11
 
 
(q)
Amendment of Articles or Bylaws                                   12
 
 
(r)
Agreements                                                                         12
 
 
4.12       Accounts Receivable                                                                         12
 
4.13       Accounts Payable                                                                               12
 
4.14       Inventory                                                                                             12
 
4.15       Transactions with Affiliates                                                             12