Attached files

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10-K - Red Giant Entertainment, Inc.g7183a.txt
EX-21 - Red Giant Entertainment, Inc.ex21.txt
EX-4.10 - Red Giant Entertainment, Inc.ex4-10.txt
EX-10.2 - Red Giant Entertainment, Inc.ex10-2.txt
EX-10.3 - Red Giant Entertainment, Inc.ex10-3.txt
EX-10.4 - Red Giant Entertainment, Inc.ex10-4.txt
EX-10.5 - Red Giant Entertainment, Inc.ex10-5.txt
EX-10.6 - Red Giant Entertainment, Inc.ex10-6.txt
EX-31.1 - Red Giant Entertainment, Inc.ex31-1.txt
EX-31.2 - Red Giant Entertainment, Inc.ex31-2.txt
EX-32 - Red Giant Entertainment, Inc.ex32.txt
EX-4.4 - Red Giant Entertainment, Inc.ex4-4.txt
EX-4.5 - Red Giant Entertainment, Inc.ex4-5.txt
EX-4.6 - Red Giant Entertainment, Inc.ex4-6.txt
EX-4.7 - Red Giant Entertainment, Inc.ex4-7.txt
EX-4.8 - Red Giant Entertainment, Inc.ex4-8.txt
EX-4.9 - Red Giant Entertainment, Inc.ex4-9.txt
EXCEL - IDEA: XBRL DOCUMENT - Red Giant Entertainment, Inc.Financial_Report.xls

                                                                     Exhibit 2.2

                        STOCK EXCHANGE AGREEMENT BETWEEN
                RED GIANT ENTERTAINMENT INC AND COMICGENESIS, LLC

     THIS AGREEMENT, made this 4th day of March, 2013, by and among Red Giant
Entertainment Inc, a Nevada Corporation, ("REDG"), and Christopher Crosby, the
owner of ComicGenesis, LLC, a Nevada Corporation ("CGEN").

                                    RECITALS

     WHEREAS, REDG, a public, company desires to acquire 100% of the total
outstanding capital stock of CGEN from CGEN's shareholders (the "CGEN
Shareholders"); and

     WHEREAS, REDG offers to acquire 5,000,000 (Five Million) shares of common
stock of CGEN in exchange for 500,000 (Five Hundred Thousand) shares of the
restricted stock of REDG (the "REDG Restricted Stock" or "REDG Shares"); and

     WHEREAS, CGEN Stockholders offer to exchange 5,000,000 shares of CGEN for
500,000 shares of REDG. The 5,000,000 shares represents all of the issued and
outstanding shares of CGEN.

     NOW, THEREFORE, in consideration of the mutual promises, covenants, and
representations contained herein, the parties hereto intending to be legally
bound hereby, agree as follows:

     The foregoing recitals are hereby restated, incorporated into this
Agreement, and made a part of it, as if each were fully set forth here in their
entirety.

                                    ARTICLE 1

            COMPENSATION, CONSIDERATION, AND EXCHANGE OF SECURITIES.

     1.2 ISSUANCE OF SHARES.

     1.2.1 REDG SHARES TO CGEN. Subject to all of the terms and conditions of
this Agreement, REDG agrees to deliver newly issued, restricted, REDG Restricted
Stock totaling Five Hundred Thousand (500,000), in exchange for the outstanding
common shares of CGEN (the "CGEN Common Stock") in the amounts shown on Schedule
"A" to this Agreement.

     1.3 TRANSFER OF SHARES BY CGEN SHAREHOLDERS. Subject to all of the terms
and conditions of this Agreement, the CGEN Shareholders agree to transfer to
REDG all of their ownership in the CGEN Common Stock.

1.3.1 EXEMPTION FROM REGISTRATION; REORGANIZATION. The parties hereto expect this transfer of Shares by CGEN Shareholders to REDG to qualify as a tax-free reorganization under Sections 368 (a)(1)(A) and 368 (a)(2)(E) of the Internal Revenue Code of 1986, as amended (the "Code") but no IRS ruling or opinion of counsel is being sought in connection therewith and such ruling or opinion is not a condition to closing the transactions herein contemplated. ARTICLE 2 REPRESENTATIONS AND WARRANTIES OF CGEN CGEN REPRESENTS AND WARRANTS TO REDG THAT: 2.1 ORGANIZATION. CGEN is a corporation duly organized, validly existing, and in good standing under the laws of Nevada, has all necessary corporate powers to own its properties and to carry on its business as now owned and operated by it, and is duly qualified to do business and is in good standing in each of the states and other jurisdictions where its business requires qualification. 2.2 COMPLIANCE WITH LAWS. CGEN has substantially complied with, and is not in violation of, all applicable federal, state or local statutes, laws and regulations, including, without limitation, any applicable building, zoning, environmental, employment or other law, ordinance or regulation affecting its properties, products or the operation of its business except where such non-compliance would not have a materially adverse effect on the business or financial condition of CGEN. CGEN has all licenses and permits required to conduct its business as now being conducted. 2.3 LITIGATION. CGEN is not a party to any suit, action, arbitration or legal, administrative or other proceeding, or governmental investigation pending or, to the best knowledge of CGEN, threatened against or affecting CGEN or its business, assets or financial condition, except for matters which would not have a material affect on CGEN or its properties. CGEN is not in default with respect to any order, writ, injunction or decree of any federal, state, local or foreign court, department, agency or instrumentality applicable to it. CGEN is not engaged in any lawsuits to recover any material amount of monies due to it. 2.4 BUSINESS. Following the closing, the only business and operations of CGEN shall be that conducted by REDG. 2
ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF REDG. REDG REPRESENTS AND WARRANTS TO CGEN AND THE SHAREHOLDERS THAT: 3.1 ORGANIZATION. REDG is a corporation duly organized, validly existing, and in good standing under the laws of Nevada, has all necessary corporate powers to own its properties and to carry on its business as now owned and operated, and duly qualified to do business in each of such states and other jurisdictions where its business requires such qualification. 3.2 COMPLIANCE WITH LAWS. REDG has substantially complied with, and is not in violation of, all applicable federal, state or local statutes, laws and regulations, including, without limitation, any applicable building, zoning, environmental, employment or other law, ordinance or regulation affecting its properties, products or the operation of its business except where such non-compliance would not have a materially adverse effect on the business or financial condition of REDG. REDG has all licenses and permits required to conduct its business as now being conducted. 3.3 LITIGATION. REDG is not a party to any suit, action, arbitration or legal, administrative or other proceeding, or governmental investigation pending or, to the best knowledge of REDG, threatened against or affecting REDG or its business, assets or financial condition, except for matters which would not have a material affect on REDG or its properties. REDG is not in default with respect to any order, writ, injunction or decree of any federal, state, local or foreign court, department, agency or instrumentality applicable to it. REDG is not engaged in any lawsuits to recover any material amount of monies due to it. 3.4 BUSINESS. Following the closing, the only business and operations of REDG shall be that conducted by REDG. ARTICLE 4 ADDITIONAL REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS 4.1 SHARE OWNERSHIP. Shareholders hold the CGEN Common Stock in the amounts shown on Schedule "A" to this Agreement. Such shares are owned of record, and such shares are not subject to any lien, encumbrance or pledge. Each shareholder has the authority to exchange such shares pursuant to this Agreement. 4.2 INVESTMENT INTENT. Shareholders understand and acknowledge that the REDG Restricted Stock is being offered for exchange in reliance upon the exemption provided in Section 4(2) of the Securities Act of 1933 (the "Securities Act") for non-public offerings; and each Shareholder makes the following representations and warranties with the intent that the same may be relied upon in determining the suitability of each Shareholder as a purchaser of securities. 3
(a) The REDG Shares are being acquired solely for the account of each Shareholder, for investment purposes only, and not with a view to, or for sale in connection with, any distribution thereof and with no present intention of distributing or reselling any part of the REDG Shares. (b) Each Shareholder agrees not to dispose of his REDG Shares or any portion thereof unless and until counsel for REDG shall have determined that the intended disposition is permissible and does not violate the Securities Act of 1933 (the "1933 Act") or any applicable state securities laws, or the rules and regulations thereunder. (c) Shareholders acknowledge that REDG has made all documentation pertaining to all aspects of REDG and the transaction herein available to him/her and to his/her qualified representative(s), if any, and has offered such person or persons an opportunity to discuss REDG and the transaction herein with the officers of REDG. 4.3 INDEMNIFICATION. Shareholders recognize that the offer of REDG Shares to him/her is based upon his/her representations and warranties set forth and contained herein and hereby agrees to indemnify and hold harmless REDG against all liability, costs or expenses (including reasonable attorney's fees) arising as a result of any misrepresentations made herein by such Shareholder. 4.4 RESTRICTIVE LEGEND. Shareholders agree that the certificates evidencing the REDG Shares acquired pursuant to this Agreement will have a legend placed thereon which will restrict the sale of said shares for times and upon conditions that are subject to federal and state securities laws. ARTICLE 5 PRE-CLOSING COVENANTS 5.1 INVESTIGATIVE RIGHTS. From the date of this Agreement each party shall provide to the other party, and such other party's counsels, accountants, auditors, and other authorized representatives, full access during normal business hours to all of CGEN's and REDG's properties, books, contracts, commitments, and records for the purpose of examining the same. Each party shall furnish the other party with all information concerning CGEN's and REDG's affairs as the other party may reasonably request. 5.2 CONDUCT OF BUSINESS. Prior to the Closing, CGEN and REDG shall each conduct its business in the normal course, and shall not sell, pledge, or assign any assets, without the prior written approval of the other party, except in the regular course of business. Neither CGEN or REDG shall amend its Articles of Incorporation or Bylaws, declare dividends, redeem or sell stock or other securities, incur additional or newly-funded liabilities, acquire or dispose of fixed assets, change employment terms, enter into any material or long-term contract, guarantee obligations of any third party, settle or discharged any 4
balance sheet receivable for less than its stated amount, pay more on any liability than its stated amount, or enter into any other transaction other than in the regular course of business. ARTICLE 6 POST-CLOSING COVENANTS 6.1 FOLLOWING THE CLOSING HEREIN: (A) PROMPT REGISTRATION OF TRANSFER. REDG shall register transfer of the common stock of REDG within three (3) business days after receipt of proper documentation for such transfer request. Restricted securities shall be transferred without restrictive legend if supported by an opinion of counsel to REDG provided that REDG's counsel has no reasonable objection. (B) DELIVERY OF SHARES. CGEN Shareholders will deliver to REDG'S management within 10 days of execution of this Agreement any share certificates representing the CGEN Common Stock. ARTICLE 7 CLOSING 7.1 CLOSING. The Closing of this transaction shall occur upon the execution of this Agreement by both parties. (B) ATTORNEY FEES. Each of REDG and CGEN shall be responsible to the other party for their attorney fees (if any) incurred herewith, as further defined, below. ARTICLE 8 MISCELLANEOUS 8.1 CONFIDENTIALITY. Unless compelled by a subpoena or otherwise required under the rule of law no party to this transaction will discuss terms of the transaction, its parties, or any other aspect of this transaction, contemplated, executed, or finalized with any individual other than counsel and individuals or parties directly related to this transaction. 8.2 CAPTIONS. The Article and paragraph headings throughout this Agreement are for convenience and reference only, and shall in no way be deemed to define, limit, or add to the meaning of any provision of this Agreement. 8.3 NO ORAL CHANGE. This Agreement and any provision hereof, may not be waived, changed, modified, or discharged orally, but it can be changed by an 5
agreement in writing signed by the party against whom enforcement of any waiver, change, modification, or discharged is sought. 8.4 NON-WAIVER. Except as otherwise expressly provided herein, no waiver of any covenant, condition, or provision of this Agreement shall be deemed to have been made unless expressly in writing and signed by the party against whom such waiver is charged; and (i) the failure of any party to insist in any one or more cases upon the performance of any of the provisions, covenants, or conditions of this Agreement or to exercise any option herein contained shall not be construed as a waiver or relinquishment for the future of any such provisions, covenants, or conditions, (ii) the acceptance of performance of anything required by this Agreement to be performed with knowledge of the breach or failure of a covenant, condition, or provision hereof shall not be deemed a waiver of such breach or failure, and (iii) no waiver by any party of one breach by another party shall be construed as a waiver with respect to any other or subsequent breach. 8.5 TIME OF THE ESSENCE. Time is of the essence of this Agreement and of each and every provision hereof. 8.6 ENTIRE AGREEMENT. This Agreement contains the entire Agreement and understanding among the parties hereto, supersedes all prior agreements and understandings, and constitutes a complete and exclusive statement of the agreements, responsibilities, representations and warranties of the parties. 8.7 COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 8.8 BINDING EFFECT. This Agreement shall inure to and be binding upon the heirs, executors, personal representatives, successors and assigns of each of the parties to this Agreement. 8.9 ANNOUNCEMENTS. REDG and CGEN will consult and cooperate with each other as to the timing and content of any announcements of the transactions contemplated hereby to the general public or to employees, customers or suppliers. 8.10 BROKERAGE. CGEN and REDG each represent that no finder, broker, investment banker or other similar person has been involved in this transaction. Each party agrees to indemnify and hold the others harmless from payment of any brokerage fee, finder's fee or commission claimed by any other person or entity who claims to have been involved in the transaction herein because of an association with such party. 8.11 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The representations and warranties of the parties set forth in this Agreement or in any instrument, certificate, opinion, or other writing providing for it, shall survive the Closing irrespective of any investigation made by or on behalf of any party for a period of one year. 6
8.12 CHOICE OF LAW. This Agreement and its application shall be governed by the laws of the State of Nevada. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their authorized representatives, all as of the date first written above. RED GIANT ENTERTAINMENT INC: (a Nevada Corporation) By: /s/ Benny R. Powell 3-4-2013 ----------------------------------- --------- Benny R. Powell, President Date COMICGENESIS, LLC: (a Nevada Corporation) By: /s/ Christopher Crosby 3-4-2013 ----------------------------------- --------- Christopher Crosby, President Date 7
SCHEDULE "A" CHRISTOPHER CROSBY 5,000,000 SHARES