AMENDMENT NO. 1 TO STOCK PURCHASE AND REORGANIZATION AGREEMENT

EX-10.4 3 f8ka083017_ex10z4.htm EXHIBIT 10.4 AMENDED STOCK PURCHASE AND REORGANIZATION AGREEMENT Exhibit 10.4 Amended Stock Purchase and Reorganization Agreement

AMENDMENT NO. 1 TO

STOCK PURCHASE AND REORGANIZATION AGREEMENT

 

THIS AMENDMENT NO. 1 TO STOCK PURCHASE AND REORGANIZATION AGREEMENT (“Amendment No. 1”) is made and entered into effective as of the 15th day of June, 2017 by and among AMERICAN REBEL HOLDINGS, INC. (f/k/a CUBESCAPE, INC.), a Nevada corporation (the “Company” or the “Issuer”), AMERICAN REBEL, INC., a Nevada corporation (“REBEL”), the buyers listed on the Buyer Signature Page hereto (each,, a “Buyer” and collectively, the “Buyers”), and KRUEGER LLP, a California limited liability partnership, as the escrow holder and legal counsel to the Company (the “Escrow Holder”). Capitalized terms not defined herein shall have the meaning as set forth in the Reorganization Agreement, defined below. 

 

RECITALS

 

A.The Company, REBEL and the Buyers entered into a Stock Purchase and Reorganization Agreement on November 23, 2016 (the “Reorganization Agreement”) providing for the purchase from the Buyers of all of their shares of common stock in REBEL in exchange for shares of common stock in the Company. 

 

B. The Company, REBEL and the Buyers desire to amend the Reorganization Agreement to change the number of shares of the Company’s common stock to be issued to the Buyers to 17,421,000 shares and exchange of derivative securities currently issued and outstanding in REBEL;  

 

C.The Reorganization Agreement, and the Transaction set forth therein, was contemplated to close no later than December 30, 2016. 

 

D.The Company amended its articles of incorporation to change its name to American Rebel Holdings, Inc. effective December 30, 2016 (the “Name Change”). 

 

E.The Company, REBEL and the Buyers desire to amend the Reorganization Agreement pursuant to this Amendment No. 1. 

 

NOW, THEREFORE, for and in consideration of the foregoing, and of the mutual covenants, agreements, undertakings, representations and warranties contained herein, the parties hereto agree as follows: 

 

1.The Reorganization Agreement is hereby amended in all sections to reflect the number of shares of REBEL common stock currently issued and outstanding as 17,421,000 and add the disclosure of 500,000 five-year warrants to purchase shares of common stock at $0.50 per share (the “REBEL Derivatives”). 

 

2.The Reorganization Agreement is hereby amended in all sections to reflect the number of shares of the Company’s common stock to be issued to the Buyers shall be 17,421,000. 

 

3.The Reorganization Agreement is hereby amended in all sections to reflect the Company’s issuance of 500,000 five-year warrants to purchase shares of common stock at $0.50 per share in exchange for the REBEL Derivatives. The form of such warrants shall be identical in all material respects as the REBEL Derivatives.  

 

4.Section 1.4 of the Reorganization Agreement shall be amended and restated to read as follows: 

 

SECTION 1.4. The Closing. The closing of this Transaction (the “Closing”) shall take place at the offices of Krueger LLP, 7486 La Jolla Boulevard, La Jolla, CA 92037 (Telephone: 858 ###-###-####), commencing at 10:00 a.m. PST time on the earlier of (i) June 16, 2017 (the “Closing Date”) or (ii) five (5) business days following the satisfaction or waiver of all conditions to the obligations of the parties to consummate this Transaction (other than conditions with respect to actions the respective parties will take at the Closing itself) or such other date as the parties may mutually determine, but in any event no later than June 30, 2017. It is the intent of the parties that the Buyers shall assume control of the Company immediately at the Closing.

 

5.The Reorganization Agreement is hereby amended in all sections to reflect the Company’s Name Change.  

 

6.Other than as specifically provided in this Amendment No. 1, all other provisions of the Reorganization Agreement shall remain in full force and effect, the Reorganization Agreement as amended by this Amendment No. 1 constituting the sole and entire agreement between the parties as to the matters contained herein, and superseding any and all conversations, letters and other communications which may have been disseminated by the parties relating to the subject matter hereof, all of which are void and of no effect. 


IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

 

REBEL:

 

AMERICAN REBEL, INC.

 

 

By: /s/ Charles A. Ross, Jr.

Name: Charles A. Ross, Jr.

Title: President and CEO

 

 

COMPANY:

 

AMERICAN REBEL HOLDINGS, INC.

(f/k/a CUBESCAPE, INC.)

 

By: /s/ Charles A. Ross, Jr.

Name: Charles A. Ross, Jr.

Title: CEO/CFO

 

 

BUYERS:

 

SEE BUYER SIGNATURE PAGE

 

 

ESCROW HOLDER:

 

Krueger LLP

 

 

By: /s/ Blair Krueger

Name: Blair Krueger, Esq.

Title: Managing Partner


BUYER SIGNATURE PAGE

 

 

 

 

 

 

BUYERS:

Number of REBEL shares issued

Number of CSCP common shares to be exchanged

Charles A. Ross, Jr. (Chairman)

 6,500,000

37.31%

 6,500,000

27.75%

Douglas Grau

2,000,000

11.48%

2,000,000

8.54%

Robert Lucas

525,000

3.01%

525,000

2.24%

ABA Rebels, LLC

1,625,000

9.33%

1,625,000

6.94%

Albert Dacre

850,000

4.88%

850,000

3.63%

Brian Tansey

750,000

4.31%

750,000

3.21%

Steven Cochennet

500,000

2.87%

500,000

2.13%

Corey Lambrecht

500,000

2.87%

500,000

2.13%

Robert Green

400,000

2.30%

400,000

1.71%

Roger Mason

300,000

1.72%

300,000

1.28%

Phillip Holcomb

300,000

1.72%

300,000

1.28%

Kelly Smith

200,000

1.15%

200,000

0.86%

Elizabeth Nelson IRA

190,000

1.09%

190,000

0.81%

William Boehlke IRA

150,000

0.86%

150,000

0.64%

Troy Lorenz

134,000

0.77%

134,000

0.57%

Harvey Burstein

200,000

1.15%

200,000

0.86%

James Miller

132,000

0.76%

132,000

0.57%

Troy Lorenz IRA

80,000

0.46%

80,000

0.34%

David Gonyea

60,000

0.34%

60,000

0.25%

Ronda Dumvoich

150,000

0.86%

150,000

0.64%

Gary Padjen

50,000

0.29%

50,000

0.22%

David Slavens

50,000

0.29%

50,000

0.22%

R. Eric Hughes

50,000

0.29%

50,000

0.22%

Jason Cohorst Revocable Trust

50,000

0.29%

50,000

0.22%

GSP Consulting LLC

150,000

0.86%

150,000

0.64%

First Chance LLC

5,500

0.03%

5,500

0.02%

RYKY LP

144,500

0.83%

144,500

0.62%

Darrell Hill

50,000

0.29%

50,000

0.22%

Marilyn and Jim Gorman

50,000

0.29%

50,000

0.22%

John Grinstead

50,000

0.29%

50,000

0.22%

Glen and Mary Wiecek

50,000

0.29%

50,000

0.22%

James Van Fossen

100,000

0.57%

100,000

0.42%

Dan Collins

100,000

0.57%

100,000

0.42%

Tom Cain

25,000

0.14%

25,000

0.10%

John Garrison

100,000

0.57%

100,000

0.42%

Charles A. Ross, Sr.

300,000

1.72%

300,000

1.28%

DeMint Law, PLLC

250,000

1.44%

250,000

1.07%

John Whittinghill

100,000

0.57%

100,000

0.42%

Rod Ryan

100,000

0.57%

100,000

0.42%

Kenneth Yonika

100,000

0.57%

100,000

0.42%

 

 

 

 

 

 

17,421,000

100.00%

17,421,000

74.38%


Signature page or Power of Attorney required

 

/s/ Charles A. Ross, Jr.

Charles A. Ross, Jr.

/s/ Douglas Grau

Douglas Grau

 

 

/s/ Robert Lucas

Robert Lucas

 

/s/ ABA Rebels, LLC

ABA Rebels, LLC

 

 

/s/ Albert Dacre

Albert Dacre

/s/Brian Tansey

Brian Tansey

 

 

/s/ Steven Cochennet

Steven Cochennet

/s/ Corey Lambrecht

Corey Lambrecht

 

 

/s/ Robert Green

Robert Green

/s/ Roger Mason

Roger Mason

 

 

/s/ Phillip Holcomb

Phillip Holcomb

/s/ Kelly Smith

Kelly Smith

 

 

/s/ Elizabeth Nelson IRA

Elizabeth Nelson IRA

/s/ William Boehlke IRA

William Boehlke IRA

 

 

/s/ Troy Lorenz

Troy Lorenz

/s/ Harvey Burstein

Harvey Burstein

 

 

/s/ James Miller

James Miller

/s/ Troy Lorenz IRA

Troy Lorenz IRA

 

 

/s/ David Gonyea

David Gonyea

/s/ Ronda Dumvoich

Ronda Dumvoich

 

 

/s/ Gary Padjen

Gary Padjen

/s/ David Slavens

David Slavens

 

 

/s/ R. Eric Hughes

R. Eric Hughes

/s/ Jason Cohorst Revocable Trust

Jason Cohorst Revocable Trust

 

 

/s/ GSP Consulting LLC

GSP Consulting LLC

/s/ First Chance LLC

First Chance LLC

 

 

/s/ RYKY LP

RYKY LP

/s/ Darrell Hill

Darrell Hill

 

 

/s/ Marilyn and Jim Gorman

Marilyn and Jim Gorman

/s/ John Grinstead

John Grinstead

 

 

/s/ Glen and Mary Wiecek

Glen and Mary Wiecek

/s/ James Van Fossen

James Van Fossen

 

 

/s/ Dan Collins

Dan Collins

/s/ Tom Cain

Tom Cain

 

 

/s/ John Garrison

John Garrison

/s/ Charles A.Ross, Sr.

Charles A. Ross, Sr.

 

 

/s/ Demint Law, PLLC

DeMint Law, PLLC

/s/ John Wittinghill

John Wittinghill

 

 


/s/ Rod Ryan

Rod Ryan

/s/ Kenneth Yonika

Kenneth Yonika