Joinder Agreement to Securities Purchase Agreement between Ads In Motion, Inc. and Herbert Glatt
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Summary
This agreement, dated May 12, 2011, adds Herbert Glatt as a party to the existing Securities Purchase Agreement with Ads In Motion, Inc. By signing, Herbert Glatt agrees to all terms and obligations of the original agreement as a Purchaser, as if he had signed the initial contract. The agreement confirms that Herbert Glatt will be bound by all provisions of the Securities Purchase Agreement, and his participation is formalized with a principal amount of $326,087.
EX-10.1 2 f8k051311ex10i_adsinmotion.htm JOINDER AGREEMENT f8k051311ex10i_adsinmotion.htm
Exhibit 10.1
JOINDER AGREEMENT TO
SECURITIES PURCHASE AGREEMENT
This Joinder Agreement to Securities Purchase Agreement (this “Joinder Agreement”) is made as of May 12, 2011 by the undersigned (the “Joining Party”) and Ads In Motion, Inc., a Delaware corporation (the “Company”).
The Joining Party and the Company hereby acknowledge, agree and confirm that, by their execution of this Joinder Agreement, the Joining Party shall be deemed to be a party to the Securities Purchase Agreement dated as of March 25, 2011 by and among the Company and certain other investors (the “Agreement”), as of the date of this Joinder Agreement, and shall have all of the rights and obligations of a Purchaser (as defined in the Agreement) as if it had executed the Agreement. The Joining Party and the Company hereby ratify, as of the date of this Joinder Agreement, and agree to be bound by, all of the terms, provisions and conditions contained in the Agreement.
By acknowledging and agreeing to this Joinder Agreement, the undersigned hereby agree that this Joinder Agreement may be attached to and made a part of the Agreement as of the date hereof.
[Signatures on following pages]
1
IN WITNESS WHEREOF, the undersigned have executed this Joinder Agreement as of the date first written above.
| Principal Amount: | $326,087 |
| /s/ Herbert Glatt | ||
| Signature | Signature (if purchasing jointly) | |
| Herbert Glatt | ||
| Name Typed or Printed | Name Typed or Printed | |
| Entity Name | Entity Name | |
| 159 South Street | ||
| Address | Address | |
| Morristown, NJ 07960 | ||
| City, State and Zip Code | City, State and Zip Code | |
| Telephone – Business | Telephone - Business | |
| Telephone – Residence | Telephone – Residence | |
| Facsimile – Business | Facsimile - Business | |
| Facsimile – Residence | Facsimile – Residence | |
| Tax ID # or Social Security # | Tax ID # or Social Security # |
| Name in which securities should be issued: | Herbert Glatt |
[SIGNATURE PAGES CONTINUE]
2
| “COMPANY” | ||
| ADS IN MOTION, INC. | ||
| By: | /s/ Jordan Glatt | |
| Name: Jordan Glatt | ||
| Title: President and Chief Executive Officer | ||
3
