EX-10.4
from 8-K
3 pages
Reference Is Made to That Certain Stock Purchase, Loan and Security Agreement, Dated as of April 16, 2008 (The “Lazar Agreement”), Between Water Chef, Inc. (The “Corporation”) and Yourself (“Lazar”), Pursuant to Which the Corporation Sold and Issued to Lazar 6,500,000 Shares (The “Lazar Shares”), of the Common Stock, Par Value $0.001 Per Share (The “Common Stock”), of the Corporation for the Aggregate Purchase Price of $547,950 (The “Lazar Consideration”) and Loaned (The “Lazar Loan”) Lazar an Amount Equal to the Lazar Consideration to Be Used Solely for the Purpose of Lazar’s Purchase of the Lazar Shares. the Obligation of Lazar to Repay the Lazar Loan Is Evidenced by a Non-Recourse Promissory Note (The “Lazar Note”), Payable to the Corporation and in the Original Principal Amount Equal to the Lazar Consideration. Based on Discussions Between the Corporation and Lazar, the Corporation and Lazar Have Each Determined That It Is in the Best Interests of the Corporation and Lazar That the Transactions Contemplated by the Lazar Agreement, as Well as the Lazar Loan, Lazar Note and Lazar’s Obligation to Repay the Lazar Loan, Be Rescinded in Their Entireties, Ab Initio
12/34/56
EX-10.3
from 8-K
3 pages
Reference Is Made to That Certain Stock Purchase, Loan and Security Agreement, Dated as of April 16, 2008 (The “Kessler Agreement”), Between Water Chef, Inc. (The “Corporation”) and Yourself (“Kessler”), Pursuant to Which the Corporation Sold and Issued to Kessler 6,500,000 Shares (The “Kessler Shares”), of the Common Stock, Par Value $0.001 Per Share (The “Common Stock”), of the Corporation for the Aggregate Purchase Price of $547,950 (The “Kessler Consideration”) and Loaned (The “Kessler Loan”) Kessler an Amount Equal to the Kessler Consideration to Be Used Solely for the Purpose of Kessler’s Purchase of the Kessler Shares. the Obligation of Kessler to Repay the Kessler Loan Is Evidenced by a Non-Recourse Promissory Note (The “Kessler Note”), Payable to the Corporation and in the Original Principal Amount Equal to the Kessler Consideration. Based on Discussions Between the Corporation and Kessler, the Corporation and Kessler Have Each Determined That It Is in the Best Interests of the Corporation and Kessler That the Transactions Contemplated by the Kessler Agreement, as Well as the Kessler Loan, Kessler Note and Kessler’s Obligation to Repay the Kessler Loan, Be Rescinded in Their Entireties, Ab Initio
12/34/56
