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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 03, 2023
BRAVO
MULTINATIONAL INCORPORATED
(Name of small business in its charter)
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|
|
|
|
Wyoming |
|
000-53505 |
|
85-4068651 |
(State
or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
|
|
|
|
|
(Address
of principal executive offices)
2020
General Booth Blvd., Suite 230
Virginia
Beach, VA 23454 |
Registrants
telephone number:
757-306-6090
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes
☒ No
Item
1.01- Entry Into a Material Definitive Agreement
On
July 03, 2023 Bravo Multinational, Inc. (BRAVO), a corporation formed under the laws of the State of Wyoming, entered into
a Share Exchange Agreement (the Agreement) with Recombinant Productions Inc. (RPI), a corporation formed
under the laws of the State of Nevada. Under the terms of the Agreement, the RPI shareholders will exchange shares representing
approximately 51% of the outstanding shares of RPI common stock to BRAVO in exchange for 8,500,000 shares of BRAVO common stock. This
will represent approximate ownership interest by BRAVO in RPI of approximately 51%, and following the close of this transaction, the
RPI shareholders will own approximately 19.99% of the outstanding shares of common stock of BRAVO. After the completion of the
transaction, RPI will be a majority owned subsidiary of BRAVO and the combined entity will report consolidated financial statements.
The Agreement contains provisions that are typical for this type of transaction. Under the terms of the Agreement, the transaction
will close within five business days after certain conditions have been satisfied, including the condition that the consent of any applicable
governmental entity, such as the SEC, OTC Markets or FINRA is obtained.
Recombinant
Productions, Inc. (RPI) is a Nevada corporation that is engaged in the business of developing and acquiring entertainment
content and related technologies that span both traditional and new media distribution platforms.
The
initial slate of projects that is intended to be developed by Bravo and RPI will focus on documentary film and live event projects that
have both initial release and long-term catalog opportunities, as well as in-person experiential and merchandising tie-ins.
Certain
statements contained in this current report on Form 8-K are forward-looking statements and are based on future expectations, plans and
prospects for BRAVOs business and operations and involve a number of risks and uncertainties. BRAVOs forward-looking
statements in this report are made as of the date hereof and BRAVO disclaims any duties to supplement, update or revise such statements
on a going forward basis whether as a result of subsequent developments, change or expectations or otherwise. In connection with
the safe harbor provision of the Private Securities Litigation Reform Act of 1995, BRAVO is identifying certain forward-looking
information regarding, among other things, the Important factors that could cause further events or results to vary from those addressed
in the forward-looking statements, including, without limitation, risks and uncertainties arising from the ability of BRAVO to successfully
manage the acquisition of RPI; uncertainties relating to the ability to realize the expected benefits of the share exchange; unanticipated
or unfavourable regulatory matters; general economic conditions in the region and industry in which the companies operate, and other
risk factors as discussed in other BRAVO filings made from time to time with the United States Securities and Exchange Commission.
Item
5.02-Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
As
previously disclosed in the Companys information statement on 14f the following officers and directors have assessed their officers
effective July 3, 2023.
Name |
Age |
Position(s) |
Grant
Cramer |
61 |
CEO/Director
|
Frank
Hagan |
69 |
President/Director
|
Richard
Kaiser |
59 |
CFO/Director
|
Kayla
Slick |
35 |
COO/Director
|
Joshua
Vance |
58 |
Director
|
BIOGRAPHIES
The
following sets forth biographical information regarding the Companys proposed officers and directors.
GRANT
CRAMER
Mr.
Cramer, age 61, has been appointed Chief Executive Officer and a Director of the Company. Mr. Cramer has over three decades of experience
in the entertainment business, and he has worked as an actor, writer, producer and production executive. Mr. Cramer founded Landafar
Entertainment in Los Angeles, California in 2016 and Global Pictures Media in Ocala, Florida in 2015. As part of his work with
those companies, he has developed and produced 14 feature films, including End Of Watch, Escape Plan, and 2 Guns. Mr. Cramer
was also the executive producer of Lone Survivor, November Man, and Arctic Dogs. Mr. Cramer also produced And So It Goes,
which was directed by Rob Reiner and starred Michael Douglas and Diane Keaton. His 30-minute short film Say Goodnight, Michael
won several awards, including the Grand Jury Award at the New York International Independent Film Festival. Mr. Cramer attended
the University of California Los Angeles from 1979 to 1981.
FRANK
HAGAN
Mr.
Hagan, age 69, has been appointed President and Director of the Company. Mr. Hagan is a seasoned producer with over 30 years of
experience in the entertainment industry. He has produced national and local TV shows, award-winning talk shows, and reality programs.
Mr. Hagan co-founded RRE Media, LLC. (Production Company) in 2011. Mr. Hagan has worked as a producer for major networks, including
Discovery, History Channel, and Relativity Media. Mr. Hagan attended St. Marys College in Emmitsburg, Maryland, from 1971 to 1972.
From 1973 to 1974, Mr. Hagan attended Westchester Community College in Valhalla, New York, where he received an Associates degree.
RICHARD
KAISER
Richard
Kaiser since 2018 is the Company Director, CFO, Corporate Secretary and Corporate Governance Officer. He has served as an officer
and Co-Owner of Yes International since July, 1991. Yes International is a full-service EDGAR conversion filing agent, investor relations
and venture capital firm located in Virginia Beach, Virginia. In 1990, Mr. Kaiser received a Bachelor of Arts degree in International
Economics from Oakland University (formerly known as Michigan State University-Honors College.) From July 1, 2013 to the present,
Mr. Kaiser has also served as a director, secretary and interim CFO of BioForce NanoSciences Holdings, a public company, trades under
symbol BFNH on OTC Markets and is a Nevada Corporation with its headquarters located in Virginia Beach, Virginia. BioForce NanoSciences
Holdings, Inc. is in the business private labeling vitamins and nutritional supplements. Since July 2020, Mr. Kaiser is also on
the board of Element Global, Inc., a Wyoming Corporation, and a wholly-owned subsidiary of BioForce Nanosciences Holdings, Inc.
In August 2022, Mr. Kaiser became a Director and Chief Financial Officer of Gold Rock Holdings, Inc., located in Virginia Beach, VA. Gold Rock Holdings is a Nevada Corporation which trades under the symbol GRHI on OTC Markets. Gold Rock Holdings, Inc. provides
underground construction management services for laying fiber optic and copper cables. In the past, Mr. Kaiser held the position
of Investor Relations for Royal Standard Minerals, Inc. and Scorpio Mining, Inc. He was also Head of Corporate Communication and
Investor Relations at Air Packaging Technologies, Inc. and Puff Pack Industries, Inc. Mr. Kaiser has 30 years#146; experience working
with public companies. Mr. Kaiser will retain his role as a Director and Chief Financial Officer of the Company.
KAYLA
SLICK
Mrs.
Slick, age 35, has been appointed Chief Operating Officer and a Director of the Company. Mrs. Slick has 15 years of experience
in operations management, business development, strategic and digital marketing, and public relations. Mrs. Slick worked at The
Platt Group and INSIDE Public Accounting from 2009 to 2016. Mrs. Slick co-founded and produced The PRIME Symposium in 2011,
an annual conference, built around the best practices of IPA#146;s Best of the Best firms. From 2013 to 2015, Mrs. Slick worked
at Tricor Automotive Group as Administrator, organizing annual global events for shareholders. In 2016 to 2022, she worked for
Interactive Digital Solutions, Inc. where she developed the Sales Development Program and was later promoted to Marketing Communications
Director for their MedSitter, LLC division. Mrs. Slick attended Purdue University from August 2006 to December 2010 and she received
a Bachelor of Science degree in Financial Counseling & Planning and Organizational Leadership & Supervision. She is currently
pursuing her Master of Science degree in Communications at Purdue University.
JOSHUA
VANCE
Mr.
Vance, age 43, was appointed as a Director of the Company. Mr. Vance has over 24 years#146; experience in Commercial Real Estate.
Mr. Vance is a partner at Mountain West Commercial Real Estate, where he is engaged in buying, leasing and selling commercial real estate
from 1999 to present. Mr. Vance has been a proprietor of BOM, LLC. From August 2006 to present, Mr. Vance was employed at InterNet
Properties, Inc. buying, leasing and selling real estate.
Item
9.01- Financial Statements and Exhibits
+Filed
herewith
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
|
Dated:
July 7, 2023
|
BRAVO MULTINATIONAL INCORPORATED
By: /s/Richard Kaiser
Name:
Richard Kaiser
Title:
Director/CFO |
|
|
Exhibit
10.1
AGREEMENT
OF SHARE EXCHANGE
This
Share Exchange Agreement (this Exchange Agreement) is made and entered into as of July 03, 2023 (the Effective
Date), by, between, and among Bravo Multinational Incorporated, a publicly traded Wyoming corporation (BRVO),
Recombinant Productions Inc., a Nevada corporation (RPI), and RPIs shareholders (the RPI
Shareholders). Each of BRVO, RPI, and the RPI Shareholders may be referred to herein as a Party or collectively
as the Parties.
RECITALS
A.
BRVO is an Over-The-Counter, publicly traded, company with PCAOB-audited financials that is registered with, and current in reporting
obligations to, the U.S. Securities and Exchange Commission (the SEC).
B.
BRVO has identified RPI as a potential acquisition target because, among other things, RPI has strategic business relationships with
preeminent producers, promoters, and artists in the documentary film and live events industries, which present numerous business opportunities
for BRVOs omnichannel, multimedia solutions.
C.
Subject to the approval of the Boards of Directors of BRVO and RPI and of the RPI Shareholders, BRVO will exchange certain shares of
its common stock, $0.0001 par value, for all of RPIs common stock shares owned by the RPI Shareholders (the Exchange).
D.
Following the Exchange, RPI will be a majority owned subsidiary of BRVO.
E.
The Parties intend that the transactions contemplated by this Exchange Agreement will constitute an exchange conforming to the provisions
of Section 368(a)(2) of the Internal Revenue Code of 1954.
NOW
THEREFORE, in consideration of the mutual covenants and agreements and the benefits to be realized by each of the parties, the following
transactions are hereby agreed, subject to the conditions hereinafter stated:
1.
Recitals.
The
foregoing recitals are a material, substantive, and integral part of this Exchange Agreement, enforceable as if hereinafter restated,
and are incorporated as terms of this Exchange Agreement.
2.
Exchange.
a.
Share Exchange. On the Closing Date (as defined below), and in exchange for Fifty-One Percent (51.0%) of the then-issued and
outstanding shares of voting RPI common stock, $0.001 par value (the RPI Shares), by the RPI Shareholders, BRVO
will sell, issue, convey, and transfer to the RPI Shareholders the following fully paid and nonassessable securities:
i.
Eight Million Five Hundred Thousand (8,500,000) shares of BRVO common stock, $0.0001 par value, with a value to be determined at
the Closing (as defined below) (the BRVO Shares) and tendered in exchange for the RPI Shares; provided, that the
total amount of the BRVO Shares will be not more than 19.99% of the post-Closing, then-issued and outstanding BRVO common stock
as of and at the Closing (as defined below). Each share of BRVO common stock will be issued at the closing price of such shares on the
Closing Date (as defined below) (the Closing Price). A form of Stock Subscription Agreement is attached hereto as
Exhibit A.
b.
Fractional Shares. Any fractional Shares will be rounded down to the nearest whole share and eliminated; no scrip will issue.
c.
Stock Restrictions. The issuance of the BRVO common stock pursuant to the Exchange will be subject in all respects to BRVOs
transfer agent protocols and Rule 144 of the Securities Act of 1933, as amended (the Act), and bear a Rule 144 restrictive
legend substantially in the following form:
THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ACT),
OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND
SUCH LAWS.
provided,
however, that such restrictive legends will be subject to removal upon BRVOs registration of the BRVO Shares.
d.
Securities Certificates. BRVO will issue and deliver the BRVO Shares in one or more certificates or direct registered shares account
statements evidencing ownership thereof in exchange for the RPI Shares outstanding immediately prior to the effective time of the Exchange
as provided in each Stock Subscription Agreement with the RPI Shareholders (each a Subscription Agreement).
e.
RPI Shareholder Approval. RPI will submit this Exchange Agreement to the RPI Shareholders and will obtain the majority consent of
the outstanding shares of RPI approving the transaction on or before July 03, 2023, or as soon thereafter as practical, and will
provide to BRVO written verification of the majority consent.
f.
BRVO Board Approval. BRVO will obtain unanimous approval of the Exchange by its Board of Directors pursuant to a Unanimous Written
Board Consent and will provide said Board consent to the RPI Shareholders.
3.
Closing.
The
closing of all the transactions contemplated hereby (the Closing) will take place at the offices of BRVO located
at 2020 General Booth Blvd., Unit 230, Virginia Beach, VA 23454 at 9:00 am, (the Closing Date) on
a date within five (5) business days after all of the conditions described in Sections 14 and 15 hereof have been satisfied
or, to the extent permitted in Section 16(d) hereof, their satisfaction has been waived. BRVO and RPI will use their best
efforts to obtain the approvals specified in Section 6 hereof and any other of the consents, waivers, or approvals necessary or
desirable to accomplish the transactions contemplated by this Exchange Agreement and the Subscription Agreements. All documents required
to be delivered by each of the parties hereto will be duly delivered to the other parties to this Exchange Agreement at or prior to the
Closing. In no event will the Closing Date be later than July 31, 2023 (the Closing Deadline), and if it
is delayed beyond said date, either BRVO or RPI will have the right to terminate this Exchange Agreement upon notice to the other Party.
4.
Post-Closing Obligations.
BRVO
agrees that the RPI Shareholders will have piggyback registration rights for the BRVO Shares, and BRVO will file an appropriate registration
statement with the U.S. Securities and Exchange Commission (the SEC) to register the BRVO Shares pursuant to Section
5 of the Securities Act of 1933, as amended (the Act), together with the first registration statement to be filed
with the SEC on Form S-1 or any similar form after the Closing Date.
5.
Investigation by the Parties.
a.
Opportunity to Investigate. Each Party each will, prior to the Closing, make or cause to be made such investigation of the financial
condition, capital structure, state corporate filings, properties of the other Parties and its subsidiaries; provided, however, that
such investigation will not interfere with normal operations.
b.
Right to Access. Each Party agrees to permit the other Parties and its authorized agents or representatives to have, after the date
of execution hereof, full and reasonable access to its premises and to all of its books and records at reasonable hours, and its subsidiaries
and officers will furnish the Party making such investigation with such financial and operating data and other information with respect
to the business and properties of it and its subsidiaries as the Party making such investigation will from time to time reasonably request.
c.
Confidentiality. Each Party agrees to safeguard and hold confidential from disclosure to unauthorized parties all non-public information
relating to this Agreement and the mutual business dealings of the Parties. For purposes of the foregoing, only officers, directors,
and employees of either Party or its affiliates, including accountants, auditors, and attorneys, will be authorized parties on a need
to know basis consistent with their respective positions, legal obligations, and responsibilities. Each Party agrees that it will
not make any statements or representations or otherwise communicate, directly or indirectly, in writing, orally, or otherwise, or take
any action which may, directly or indirectly, disparage any Party, its affiliates, or their respective officers, directors, employees,
advisors, businesses, or reputations. Notwithstanding the foregoing, nothing in this Agreement will preclude a Party from making truthful
statements or disclosures that are required by applicable law, regulation, or legal process.
d. Ownership of Confidential Information. Each Party agrees that in the event that the transactions contemplated by this Exchange Agreement
will not be consummated, it and its officers, employees, accountants, attorneys, engineers, agents, and other representatives will not
disclose or make available to any other person or use for any purpose unrelated to the consummation of this Exchange Agreement any information,
whether written or oral, with respect to the other Party and its subsidiaries or their business which it obtained pursuant to this Exchange
Agreement. Such information will remain the property of the Party providing it and will not be reproduced or copies without the consent
of such Party. In the event the transactions contemplated by this Exchange Agreement are not consummated, all such written information
will be returned to the Party providing it.
6.
Agreement of the RPI Shareholders.
Prior
to the Closing Date, each RPI Shareholder agrees to execute a Stock Subscription Agreement in the form attached as Exhibit A
whereby such shareholder will represent that it: (a) is acquiring the subject securities for its own account and not with a view
towards distribution that would violate Section 5 of the Act; (b) the subject securities are being purchased and exchanged via a private
exempted sale pursuant to Section 4(2) and/or Regulation D of Rule 506 under the Act; (c) is an accredited investor
pursuant to Rule 501 under the Act; (d) will not sell or assign any portion of the subject securities for an indefinite period of time
after the Closing Date pursuant to Rule 144 under the Act, except pursuant to an exemption from or registration pursuant to Section 5
of the Act; and (e) consents to the Exchange and waives its rights to dissent and appraisal under all applicable state laws.
Further,
each RPI Shareholder will represent and warrant that: (a) such shareholder has the right, power, legal capacity, and authority to enter
into and perform its obligations under this Exchange Agreement; (b) all RPI Shareholder approvals necessary for RPI and the RPI Shareholders
to transfer the RPI Shares to BRVO in the Exchange have been obtained; (c) the RPI Shares owned by the RPI Shareholders are free and
clear of all liens, pledges, encumbrances, changes, restrictions, or known claims of any kind, nature, or description; (d) such shareholder
has received all information it considers necessary or appropriate to decide whether to acquire the BRVO Shares in the Exchange; (e)
such shareholder understands the risks involved in an investment of BRVO Shares, including those risks contained in BRVOs filings
with the SEC; and (f) such shareholder has had an opportunity to ask questions and receive answers from BRVOs management regarding
the terms and conditions contained herein and the business, properties, and financial condition of BRVO.
7.
State Securities Laws.
BRVO
will each take such steps as may be necessary to comply with any state Blue Sky laws in connection with the issuance of
the Shares issued in the Exchange. Each RPI Shareholders represents that it is not a resident of the State of New York, which requires
pre-offering registration in New York.
8.
Business Pending the Closing.
a.
By BRVO. From the date of this Exchange Agreement to and including the Closing Date, except as may be approved by written consent
of RPI: (i) BRVO will conduct its business in the usual and ordinary course; (ii) no change will be made in the authorized capitalization
of BRVO except as contemplated by this Exchange Agreement; and (iii) no amendment will be made to BRVOs Articles of Incorporation
or Bylaws, except as contemplated by this Exchange Agreement.
b.
By RPI and the RPI Shareholders. From the date of this Exchange Agreement to and including the Closing Date, except as may be first
approved by BRVO or as is otherwise permitted or contemplated by this Exchange Agreement:
i.
RPI will conduct its business only in the usual and ordinary course without the creation of any additional indebtedness exceeding Five
Thousand Dollars (US $5,000.00) (other than indebtedness to BRVO);
ii.
No change will be made in the authorized capitalization of RPI, except as contemplated by this Exchange Agreement;
iii.
No shares of the capital stock of RPI will be authorized for issuance or issued and no agreement or commitment for the issuance thereof
will be entered into by RPI;
iv.
No rights or elections will be created or granted to purchase any capital stock of RPI under any employee stock bonus, thrift, or purchase
plan or otherwise;
v.
No amendment will be made to RPIs articles of incorporation, by-laws, or other corporate governance documents, except as contemplated
by this Exchange Agreement;
vi.
No modification will be made in RPIs present employee benefit programs or in its present policies in regard to the payment of
salaries or compensation to its personnel and no increase will be made in the compensation of its personnel;
vii.
No contract or commitment will be entered into by or on behalf of RPI, and no sale or purchase of assets will be made except in the ordinary
course of business and pursuant to this Exchange Agreement;
viii.
RPI will use all reasonable and proper efforts to preserve its business organization intact, to keep available the services of its present
employees, and to maintain satisfactory relationships between RPI and its suppliers, customers, regulatory agencies, and others having
business relations with it;
ix.
RPI will make no amendments or contributions to any profit-sharing plan;
x.
The board of directors and officers of RPI will not declare any dividends on, or otherwise make any distribution in respect of, its outstanding
shares of capital stock or member interests; and
xi.
The corporate governance documents, minutes of RPI, and Nevada state corporate filings.
9.
Efforts to Obtain Approvals and Consents.
In
addition to BRVO and RPI obtaining the requisite board of directors, shareholder, and auditor approvals as described in Sections 2
and 6 hereof, BRVO and RPI will use all reasonable and proper efforts to obtain, where required, the approval and consent:
(i) of any governmental authorities having jurisdiction over the transactions contemplated in this Exchange Agreement; and (ii) of such
other persons whose consent is required to the transactions contemplated by this Exchange Agreement.
10.
No Tax Ruling.
Irrespective
of any desired tax treatment of the transactions contemplated by this Exchange Agreement, BRVO, RPI, and the RPI Shareholders agree that
they will not attempt to obtain a ruling from the U.S. Internal Revenue Service to the effect that, for Federal income tax purposes,
no gain or loss will be recognized by RPIs Shareholders upon the receipt of the BRVO Shares in exchange for the RPI Shares in
accordance with the provisions of this Exchange Agreement and the Subscription Agreements.
11.
Representations of BRVO
BRVO
represents, warrants, and agrees as of the Effective Date and as at the Closing, unless otherwise specifically provided below, that:
a.
Corporate Authority. BRVO is a company duly organized, validly existing, and in good standing under the laws of the State of Wyoming
and is duly qualified to do business and is in good standing in every jurisdiction in which the nature of its business makes such
qualification necessary. BRVO has the corporate power and any necessary governmental authority to carry on its business as now being
conducted.
b.
Outstanding Actions. BRVO is not engaged in or a party to, or to the knowledge of BRVO threatened with, any material legal action
or other proceeding before any court or administrative agency that would impair or prohibit the transactions contemplated by this Exchange
Agreement. BRVO and its officers and directors, to their knowledge and reasonable belief, have not been the subject of any action by
the SEC, any federal or state regulatory agency, or any criminal authority alleging violations of the federal securities laws or any
other federal or state laws, is not under investigation with regard to, any charge concerning any presently pending material violation
of any provision of Federal, State, or other applicable law or administrative regulations, and its officers and directors are not deemed
bad boys under the bad boy provisions of the federal securities laws.
c.
No Restrictions on Agreement. The execution and carrying out of this Exchange Agreement and compliance with the terms and provisions
hereof by BRVO will not conflict with or result in any material breach of any of the terms, conditions, or provision of, or constitute
a default under, or result in the creation of, any lien, charge or encumbrance upon any of the property or assets of BRVO or any of its
subsidiaries pursuant to any corporate charter, bylaw, indenture, mortgage, agreement (other than that which is created by virtue of
this Exchange Agreement), or other instrument to which BRVO is a party or by which it is bound or affected.
d.
Accuracy of Statements. This Exchange Agreement and the memoranda and documents furnished hereunder on behalf of BRVO do not contain
any untrue statement of a material fact nor omit to state a material fact necessary to be stated in order to make the statements contained
herein and therein not misleading; and there is no fact that materially adversely affects the business operations, affairs, or condition
of BRVO or any of the properties or assets which has not been set forth in this Exchange Agreement and other documents and papers furnished
hereunder.
e.
Current Capitalization. As of the Closing, the capitalization of BRVO is as set forth in the financial statements filed with BRVOs
periodic filings filed with the SEC. The outstanding capital stock of BRVO has been duly authorized and issued and is fully paid and
nonassessable.
f.
Authority to Issue Shares. The BRVO Shares, which are to be issued and delivered to the RPI Shareholders pursuant to the terms of
this Exchange Agreement, when so issued and delivered, will be validly authorized and issued and will be fully paid and non-assessable.
g.
Distributions and Dividends. Subsequent to the Effective Date and prior to the Closing, BRVO will not have declared or paid any dividend
on its outstanding shares of common stock or declared or made any distribution on, or directly or indirectly redeemed, purchased or otherwise
acquired any of its outstanding stock or authorized the creation or issuance of, or issued any additional shares of stock outside the
ordinary course of business, or agreed to take any such action.
h.
Board and Shareholder Approvals. The board of directors of BRVO has duly and lawfully approved this Exchange Agreement and the transaction
contemplated hereby and have provided true and correct copies of such written approval to RPI and the RPI Shareholders.
12.
Representations of RPI and the RPI Shareholders.
Each
of RPI and the RPI Shareholders represent, warrant, and agree, as of the Effective Date and as at the Closing, unless otherwise specifically
provided below, that:
a.
Corporate Authority. RPI is a corporation duly organized, validly existing, and in good standing under the laws of the State of
Nevada, it has the corporate power and any necessary governmental authority to carry on its business as now being conducted, and
it is duly qualified to do business and is in good standing in every jurisdiction in which the nature of its business makes such qualification
necessary.
b.
Current Capitalization. RPI does not have any commitment to issue nor will it issue any capital stock or any securities or obligations
convertible into or exchangeable for, or giving any person any right to acquire from RPI, any of RPIs capital stock.
c.
Current Financial Status. The financial information provided to BRVO by RPI (the Financial Information) is true
and complete to the best knowledge of RPI and the RPI Shareholders, and there has been no material adverse change in the assets or liabilities
or in the business or condition, financial or otherwise, of RPI and no change except in the ordinary course of business or as contemplated
by this Exchange Agreement since the dates reflected in the most recent Financial Information. All tax returns and reports of RPI required
by law to be filed have been duly filed, and all taxes, assessments, and other governmental charges now due (other than any still payable
without penalty) upon RPI or upon any of its properties or assets have been paid. All amounts that have been reflected as liabilities
on the books of RPI in respect of taxes are considered adequate, and RPI knows of no actual or proposed additional assessments in respect
of taxes, against it.
d.
Title to Assets. Except for changes resulting from the ordinary course of its business and the mortgages, liens, restrictions, charges
and other encumbrances set forth in the Financial Information, if any, RPI owns, and will on the Closing Date own, the full right, title,
and interest in and to all its property and assets (excluding property leased from others or subject to an installment purchase agreement)
in each case free and clear of all mortgages, liens, restrictions, charges and other encumbrances and defects of title (other than easements,
rights of way, reservations and other conditions of title, encumbrances and defects of title which are not individually or in the aggregate
materially adverse to the business of RPI).
e.
Distributions and Dividends. Subsequent to the Effective Date, and effective at Closing, RPI has not declared or paid any dividend
on its outstanding shares of common stock or declared or made any distribution on, or directly or indirectly redeemed, purchased or otherwise
acquired any of its outstanding stock or authorized the creation or issuance of, or issued any additional shares of stock, or agreed
to take any such action, except as expressly provided for in this Exchange Agreement. RPI will not take any such action during the period
between the date hereof and the Closing Date except as provided herein.
f.
Outstanding Actions. RPI is not engaged in or a party to, or to the knowledge of RPI or the RPI Shareholders threatened with, any
material legal action or other proceeding before court or administrative agency except as set forth in a memorandum prepared by RPI,
if any, and furnished to BRVO prior to the Closing. To the knowledge of RPI and the RPI Shareholders, RPI has not been charged with,
or is under investigation with respect to, any charge concerning any presently pending material violation of any provision of Federal,
State, or other applicable law or administrative regulations in respect of its business except as set forth in said memorandum.
g.
No Inordinate Transactions. There has not been and will not be prior to the Closing Date, a purchase or sale or any other acquisition,
transfer, or distribution of any assets or properties on the part of RPI, except in the ordinary course of business or as previously
disclosed to BRVO.
h.
Authority for Ordinary Business. RPI has adequate franchises, permits, or operating rights without unusual restrictions to allow
them to conduct the business in which it is presently engaged, except in certain instances where in the reasonably exercised judgment
of RPI the lack of a current franchise, permit, or operating right has no adverse effect on the conduct of such business.
i.
Outstanding Obligations. Except in each case as set forth in the Financial Information or an exhibit or schedule hereto, as of the
Effective Date, RPI is not a holder of or a party to any written or oral: (i) contract for employment of any officer or other person
other than its officers and directors; (ii) contract with any labor union; (iii) bonus, pension, profit sharing, retirement, stock purchase,
stock option, insurance, or similar plan or practice in effect with respect to its employees or other persons; (iv) indenture of mortgage,
debenture, indenture, loan or borrowing agreement; (v) bonding arrangement, including performance bond; (vi) continuing contract for
future purchase, sales, lease or distribution of materials, services, supplies, products, or equipment involving annual payments in excess
of Five Thousand U.S. Dollars (US $5,000); (vii) lease or other commitment for the rental of office space, storage
or other facilities; (viii) contract or lease agreement for the acquisition or lease of motor vehicles; (ix) patent, patent application,
patent right, patentable inventions, trademark, trademark registration and applications therefor, trade name, copyright, copyright registration
and application therefor, patent license granted to or by RPI and in force or contracts with employees or others relating in whole or
in part to disclosure, assignment or patenting of any inventions, discoveries, improvements, shop rights, processes, formulae or other
know-how, presently owned or held, in whole or in part, by RPI; (x) insurance policy covering its properties, buildings machinery, equipment,
and persons, firms or operations, or the life of any person; (xi) agreement between a present employee of RPI and persons, firms, or
corporations other than RPI relating in whole or in art to disclosure, assignment, or patenting of inventions, discoveries, improvements,
shop rights, processes, formulae, or other know-how, including, to the best knowledge of the RPI Shareholders, any agreements entered
into by employees prior to the time they became employees of RPI, if any; or (xii) material contract or commitment not made in the ordinary
course of business.
j.
Binding Obligation. RPI has the corporate power to enter into this Exchange Agreement, the execution and delivery and performance
of this Exchange Agreement have been duly authorized by all requisite corporate action, and this Exchange Agreement constitutes the valid
and binding obligation of each of RPI and the RPI Shareholders.
k.
No Conflicts. The execution and carrying out of this Exchange Agreement and compliance with the terms and provisions hereof by RPI
and the RPI Shareholders will not conflict with or result in any beach of any of them terms, conditions or provisions of, or constitute
a default under, or result in the creation of, any lien, charge, or encumbrance upon any of the properties or assets of RPI or any of
its subsidiaries pursuant to any corporate charter, indenture, mortgage, agreement (other than that which is created by virtue of this
Exchange Agreement), or other instrument to which RPI or any of its subsidiaries is a party or by which it or any of its subsidiaries
is bound or affected.
l.
Accuracy of Statements. This Exchange Agreement, and the memoranda and documents furnished hereunder on behalf of RPI and the RPI
Shareholders, if any, do not contain any untrue statement of a material fact nor omit to state a material fact necessary to be stated
in order to make the statements contained herein and therein not misleading, and there is no fact that materially adversely affects or
in the future (so far as RPI or the RPI Shareholders can now foresee) will materially adversely affect the business operations, affairs,
or condition of RPI or any of its properties, assets, or contractual rights that has not been set forth in this Exchange Agreement or
other documents and papers furnished hereunder.
m.
Board and Shareholder Approvals. The board of directors of RPI has duly and lawfully approved this Exchange Agreement and the transactions
contemplated hereby and provided true and correct copies of such written approvals to BRVO. In addition, prior to Closing, the RPI Shareholders
will have duly and lawfully approved this Exchange Agreement and the transactions contemplated hereby.
n.
Limited Indebtedness. As at the Closing, RPI will not have any related-party debt on the books and records of RPI in excess of Five
Thousand Dollars (US $5,000.00), and RPI will not have any trade credit or asset-backed lines of credit outstanding in excess
of Five Thousand Dollars (US $5,000.00).
13.
Conditions to the Obligations of BRVO.
The
obligations of BRVO hereunder are subject to the satisfaction on or before the Closing of the following conditions:
a.
Consents. This Exchange Agreement and the transactions contemplated hereby will have been approved by consent of each RPIs
board of directors and shareholders.
b.
Subscription Agreement. Each of RPIs Shareholders will have properly executed and delivered to BRVO a Subscription Agreement
that is substantially in the form described in Section 6 hereof.
c.
General Performance. All the terms and covenants of this Exchange Agreement to be complied with or performed by RPI will have been
fully complied with and performed.
d.
Closing Certificate. RPI will have delivered to BRVO a certificate by its president or secretary, which states:
i.
All of the Financial Information presents fairly the financial condition of RPI, at the periods indicated therein, and the results of
its operations and changes in financial position for the year and periods then ended in conformity with generally accepted accounting
principles applied on a consistent basis and that RPI has no material liabilities or commitments other than as listed or noted on the
Financial Information, or as incurred in the ordinary course of business;
ii.
The representations and warranties of RPI contained in this Exchange Agreement are true in all material respects on and as of the Closing
Date with the same effect as though such representations and warranties had been made on and as of such date, except for changes permitted
by this Exchange Agreement or those incurred in the ordinary course of business; and
iii.
The agreements of RPI to be performed on or before the Closing Date pursuant to the terms hereof have been duly performed in all material
respects.
e.
Approvals. RPI will have obtained the necessary approvals described in Section 6, Section 9, and Section 12(m).
14.
Conditions to the Obligations of RPI and the RPI Shareholders.
The
obligations of RPI and the RPI Shareholders hereunder are subject to the satisfaction on or before the Closing Date of the following
conditions:
a.
Consents. This Exchange Agreement and the transactions contemplated hereby will have been approved by consent of BRVOs board
of directors.
b.
General Performance. All the terms and covenants of this Exchange Agreement to be complied with or performed by BRVO will have been
fully complied with and performed.
c.
Closing Certificate. BRVO will have delivered to RPI a certificate by BRVOs president or secretary that states all representations
and warranties of BRVO contained in this Exchange Agreement are true on and as of the Closing Date with the same effect as though such
representations and warranties had been made on and as of such date except for changes permitted by this Exchange Agreement or those
incurred in the ordinary course of business.
d.
Approvals. BRVO will have obtained the necessary approvals described in Section 9 and Section 11(h).
15.
Termination.
a. Termination. This Exchange Agreement will terminate upon the earlier of: (i) the Closing; (ii) the Closing Deadline; (iii) upon notice
by a non-breaching Party in an Event of Default (as defined below); or (iv) the mutual written agreement of BRVO and RPI.
b. Event
of Default. The following circumstances will constitute an Event of Default:
i.
If in its reasonably exercised judgment there will have occurred a material adverse change in the financial condition or business of
the other Party or the other Party will have suffered a material loss or damage to any of its property or assets, which change, loss
or damage materially affects or impairs the ability of the other Party to conduct its business, or if any previously undisclosed condition
which materially adversely affects the earning power or assets of either BRVO or RPI comes to the attention of the other Party;
ii.
If the terms, covenants, or conditions of this Exchange Agreement to be complied with or performed by one of the other parties at or
before the Closing Date will not have been materially complied with or performed at the time required for such compliance or performance
and such noncompliance or nonperformance will not have been waived by the Party giving notice of termination; and
iii.
If any action or proceeding will have been instituted or threatened before a court or other governmental body or by any public authority
to restrain or prohibit the transaction contemplated by this Exchange Agreement or if the consummation of such transactions would subject
either of such parties to liability for breach of any law or regulation.
c.
Survival. Notwithstanding any termination of this Exchange Agreement, the following provisions will survive the Closing, in perpetuity,
unless terminated by the mutual written consent of BRVO and RPI: Sections 2(c), 4, 5(c)-(d), 11-12, and 15-29.
d.
Waivers. Any term or condition of this Exchange Agreement may be waived at any time by the Party hereto which is entitled to the
benefit thereof, by action taken by the board of directors of such Party; and any such term or condition may be amended at any time,
by an agreement in writing executed by the chairman of the board or the president of each of the parties pursuant to authorization by
the respective board of directors; provided, however, that no material amendment of any principal term of the Exchange
requiring shareholder approval will be effected after approval of this Exchange Agreement by the shareholders of RPI.
16.
Expenses.
In
the event this Exchange Agreement is terminated without consummation at the Closing, BRVO and RPI each will pay all of its own respective
expenses incurred for the purpose of carrying out and giving effect to this Exchange Agreement; provided, however, that each Party, in
addition to its own expenses, will pay all of a non-breaching Partys reasonable out-of-pocket expenses if termination is caused by a
breach of any material representation or warranty in this Exchange Agreement or a material default by said Party in performance of any
obligation hereunder.
17.
No Brokers or Finders Fees.
Each
Party represents and warrants that it is responsible for all liabilities and obligations to each broker, agent, finder, or similar person
that has been retained, or is to be paid, by such Party, and that no such obligation of a Party will become the obligation of any other
Party as the result of this Exchange Agreement or any transaction contemplated hereby.
18.
Jurisdiction; Venue; Governing Law.
This
Exchange Agreement will be governed by and interpreted in accordance with the laws of the State of Nevada. Any proceeding with
respect to the enforcement of this Exchange Agreement will be brought only before the state or federal courts located in Washoe County,
Nevada. The Parties agree and consent to the personal and subject matter jurisdiction of such courts and knowingly and intentionally
waive any objection they otherwise may possess as to venue and personal and subject matter jurisdiction concerning this Exchange Agreement
and the transactions contemplated hereby.
19.
Further Instruments.
Each
Party agrees to execute and deliver such other and further instruments, and to do such other and further acts, as may be necessary or
desirable to effect the transactions contemplated in this Exchange Agreement and carry out the intent and purpose of this Exchange Agreement,
including, but not limited to, preparing and executing all necessary stock powers, waiving any requirements for medallion signature guarantees
when legally permissible, and providing representation letters relating to the BRVO Shares.
20.
Notices.
All
notices under this Exchange Agreement will be in writing and will be sent to the following addresses:
|
|
If
to RPI or the RPI Shareholders, to:
701
S. Carson Street, Ste. 200,
Carson City, NV 89701
Attn: Patrick Ogle
|
If
to BRVO, to:
2020
General Booth Blvd., Unit 230,
Virginia Beach, VA 23454
Attn: Richard Kaiser
|
All
notices will be sent via email and will deemed to be given or become effective for all purposes of this Exchange Agreement upon dispatch
to an active email address account set forth in this Section.
21.
Binding Nature.
This
Exchange Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors, but it may not
be assigned by any Party without the consent of the other.
22.
Assignment.
Rights
and obligations of a Party to this Exchange Agreement may not be assigned or transferred without the other Partys prior written
consent thereto.
23.
Acknowledgments and Construction.
Throughout
the negotiation, drafting, and execution of this Exchange Agreement, each Party acknowledges that they were each represented by their
own legal counsel or have had adequate opportunity to consult such counsel and have chosen not to do so. The Parties acknowledge that
they have had sufficient opportunity to review this Exchange Agreement and have the terms and consequences explained to them by their
respective counsel. Each Party hereto understands this Exchange Agreement and believes and acknowledges this Exchange Agreement to be
fair, just, and reasonable. Each of the Parties is acting without coercion or duress and freely and voluntarily assents to the terms
and conditions, obligations, and mutual covenants contained herein. In the event of ambiguity or otherwise, this Exchange Agreement will
not be construed against or in favor of any Party on the grounds that counsel for such Party was the draftsman of this Exchange Agreement
or any specific part of it.
27.
Complete Agreement; Integration; Modification; Severability.
Each
Party agrees that this Exchange Agreement and the agreements, schedules, exhibits, and other documents expressly referenced herein or
therein constitute the entire agreement of the Parties and supersede any prior understandings or agreements between or among them. This
Exchange Agreement fully replaces and memorializes all prior negotiations, communications, and correspondences whether written or oral
between the parties with respect to the matters discussed herein. Each Party acknowledges that there exist no representations or warranties
other than those set forth herein and that this Exchange Agreement constitutes the full, complete, and final settlement of all property
rights, liabilities, and other obligations between or among the Parties. This Exchange Agreement may not be amended or modified unless
in writing and executed by the Parties in the same manner as this Exchange Agreement. If any court holds any portion of this Exchange
Agreement illegal, unenforceable, void, or voidable, each of the remaining provisions will remain in full force and effect as if a separate
contract. In the event of such judicial determination, this Exchange Agreement will be deemed modified and amended to the extent necessary
to render it valid and enforceable.
28.
Default; Waiver; Enforcement.
No
provision of this Exchange Agreement will be deemed waived unless it is waived in writing. Waiver of any one breach will not be deemed
a waiver of any other breach of the same or any other provision of this Exchange Agreement. Subsequent conduct of any Party will not
be construed as a waiver of any provision of this Exchange Agreement. Should a Party find it necessary to seek a court order to enforce
any of the terms of this Exchange Agreement, the other Party will execute any stipulation or consent necessary. Should such execution
be withheld, even under the advice of counsel, and upon a court order such execution, the Party withholding execution will bear all attorneys
fees and costs attributable to such court proceedings.
29.
Headings.
The
headings in this Exchange Agreement are inserted for convenience only and will not be considered in interpreting the provisions hereof.
30.
Language; Currency.
All
documents created in connection with this Letter will be written and interpreted in the English language. All monetary amounts
expressed in this Letter and to be expressed in the Definitive Agreements will be in U.S. Dollar currency unless
otherwise stated.
31.
Publicity; Reporting.
All
regulatory reports, permit applications, and filings, as well as all press releases, announcements, or other publicity, pertaining to
any Party to this Agreement or the transactions will be approved by each other Party in writing, in advance of public release, and be
subject to any applicable law and regulatory requirements.
32.
Counterparts.
This
Exchange Agreement may be executed electronically, pursuant to the Electronic Signatures in Global and National Commerce Act (17 U.S.C.
§ 7001 et seq.), in two or more electronic and facsimile counterparts, each of which will be deemed an original but all of which
together will constitute one and the same instrument.
33.
Attorney Conflicts and Waiver; Non-Representation Notice.
EACH
PARTY ACKNOWLEDGES THAT PATRICK E. OGLE IS: (I) A LICENSED ATTORNEY IN THE STATE OF NEVADA WITH ACTIVE STATUS; (II) A PARTY TO THIS AGREEMENT;
AND (III) ACTING IN DUAL CAPACITIES (A) ON HIS OWN BEHALF AS A SHAREHOLDER OF RPI AND (B) AS LEGAL COUNSEL TO RPI FOR THE LIMITED PURPOSE
OF NEGOTIATING, DRAFTING, AND PERFORMING THIS AGREEMENT, THE EXCHANGE, AND THE TRANSACTIONS CONTEMPLATED HEREBY.
THE
AFOREMENTIONED DUAL CAPACITIES CREATE A CONFLICT OF INTEREST BETWEEN AND AMONG MR. OGLE, RPI, AND THE OTHER RPI SHAREHOLDERS WHEREBY
MR. OGLE HAS A FINANCIAL INTEREST IN CREATING THE BEST POSSIBLE ADVANTAGE FOR HIMSELF OVER THAT OF OTHER PARTIES TO THIS AGREEMENT. AFTER
DISCLOSURE OF THIS CONFLICT TO RPI AND EACH OF THE OTHER RPI SHAREHOLDERS, AND THE OPPORTUNITY AND WAIVER OF RPI AND EACH OF THE OTHER
RPI SHAREHOLDERS TO SEEK OR OBTAIN THE ADVICE OF INDEPENDENT LEGAL COUNSEL OF THEIR RESPECTIVE CHOICE, EACH OF RPI AND THE RPI SHAREHOLDERS
DO HEREBY CONSENT TO AND WAIVE SUCH CONFLICTS OF INTEREST BETWEEN MR. OGLE AND RPI AND EACH RPI SHAREHOLDER.
EACH
OF BRVO AND THE OTHER RPI SHAREHOLDERS ALSO ACKNOWLEDGE AND AGREE THAT PATRICK E. OGLE HAS NOT REPRESENTED AND DOES NOT REPRESENT BRVO
OR ANY RPI SHAREHOLDER (OTHER THAN HIMSELF) IN CONNECTION WITH THIS AGREEMENT, THE EXCHANGE, OR ANY OF THE TRANSACTIONS CONTEMPLATED
HEREIN. IN THE ABSENCE OF A SEPARATE WRITTEN AGREEMENT BETWEEN A PARTY AND MR. OGLE SETTING FORTH THE EXISTENCE AND SCOPE OF ANY POTENTIAL
LEGAL ENGAGEMENT OR ANY ATTORNEY-CLIENT RELATIONSHIP, MR. OGLE WILL NOT BE DEEMED TO REPRESENT ANY PARTY HERETO. FURTHERMORE, THIS AGREEMENT
AND THE DOCUMENTS REFERENCED HEREIN WILL NOT BE RELIED UPON BY ANY PARTY AS LEGAL ADVICE.
[Signature
Page Follows]
IN
WITNESS WHEREOF, this Exchange Agreement has been duly executed by the Parties hereto as of the Effective Date.
|
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BRAVO
MULTINATIONAL INCORPORATED |
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By: |
/s/
Richard Kaiser |
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|
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Richard
Kaiser, CFO/Director |
|
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RECOMBINANT
PRODUCTIONS INC. |
|
|
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By: |
/s/
Patrick E. Ogle |
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|
|
Patrick
E. Ogle, President |
|
Reviewed,
acknowledged, agreed, and approved by each of the undersigned shareholders of Recombinant Productions Inc.:
|
|
|
|
|
|
PATRICK
E. OGLE |
|
BORIS
SHIMANOVSKY |
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|
|
|
|
|
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By: |
/s/
Patrick E. Ogle |
|
By: |
/s/
Boris Shimanovsky |
|
|
Patrick
E. Ogle |
|
|
Boris
Shimanovsky |
|
RPI
Shares Tendered: |
2,550 |
|
RPI
Shares Tendered: |
2,550 |
|
BRVO
Shares Received: |
4,250,000 |
|
BRVO
Shares Received: |
4,250,000 |
|
EXHIBIT
A
STOCK
SUBSCRIPTION AGREEMENT
Patrick
E. Ogle,, a Tennessee resident (Shareholder), as a shareholder of Recombinant Productions Inc., a Nevada
corporation (RPI), in consideration of receiving shares of common stock (the Stock) from Bravo
Multinational Incorporated, a Wyoming corporation (BRVO), pursuant to the Share Exchange Agreement by, between,
and among BRVO, RPI, and the RPI shareholders (the Exchange Agreement) as set forth on Exhibit A hereto,
hereby makes the following representations to and covenants with BRVO (this Stock Subscription Agreement).
1.
The Stock subscribed for herein shall not be deemed issued to, or owned by, Shareholder until BRVOs shareholders shall approve the issuance
of the Stock to Shareholder.
2.
Shareholder understands that the certificate representing the stock will bear a legend restricting its transfer and further understands
and agrees that the following paragraph, or language substantially equivalent thereto, may be inserted in or stamped on the certificate
and any direct registered shares account statement evidencing the Stock.
The
shares represented by this Certificate have not been registered or qualified under federal or state securities laws. The shares may not
be offered for sale, sold, pledged or otherwise transferred unless so registered or qualified or unless an exemption exists, the availability
of which is to be established to the satisfaction of the issuer.
Shareholder
agrees that the Stock is subject to the restriction on transfers described in the foregoing paragraph, except as otherwise provided herein
and in compliance with applicable law.
3.
Shareholder hereby represents and warrants to BRVO as follows:
(a)
Shareholders overall commitment to investments that are not readily marketable is not disproportionate to Shareholders net worth, and
Shareholders investment in BRVO will not cause such overall commitment to become excessive;
(b)
Shareholder has the financial ability to bear the economic risk of Shareholders investment, has adequate means of providing for his
current needs and personal contingencies, and has no need for liquidity in this investment in BRVO;
(c)
Shareholder has evaluated the high risks of investing in BRVO as described in BRVOs filings with the U.S. Securities and Exchange Commission
(the SEC), including the fact it is uncertain when, if ever, BRVO will generate any revenues or earnings and when,
if ever, the Stock may be sold or publicly traded by Shareholder;
(d)
the domicile of Shareholder set forth below is true and correct, and Shareholder has no present intention of becoming a domiciliary of
any other state or jurisdiction;
(e)
in making the decision to purchase or otherwise acquire the Stock subscribed for herein, Shareholder has relied solely upon independent
investigations made by or on behalf of Shareholder, including a review of BRVOs recent SEC filings on the SECs website
– SEC.gov;
(f)
the Stock subscribed for herein is being acquired by Shareholder in good faith solely for Shareholders own account, for investment purposes
only, and is not being purchased with a view to, or for, the resale, distribution, subdivision or fractionalization thereof, except to
the extent that BRVO has agreed to file a registration statement with respect to such Stock pursuant to Section 5 of the Securities Act
of 1933, as amended (the Act), for the benefit of Shareholder and Shareholders shareholders;
(g)
Shareholder understands that the Stock has not been registered under the Act and agrees that the Stock may not be sold, offered for sale,
transferred, pledged, hypothecated, or otherwise disposed of except in compliance with the Act, including Rule 144 under the Act. Shareholder
understands that the legal consequences of the foregoing mean that Shareholder must bear the economic risk of Shareholders investment
in the Stock for an indefinite period of time. Shareholder further understands that, if Shareholder desires to sell or transfer all or
any part of the stock acquired hereby, BRVO may require Shareholders counsel to provide a legal opinion that the transfer may be made
without registration under the Act. In addition, other restrictions discussed elsewhere herein or required by Rule 144 may be applicable.
Shareholder agrees that the Stock subscribed for is subject to the restrictions on transfer described herein and Shareholder understands
that BRVO shall issue stop transfer orders with BRVOs transfer agent to enforce such restrictions in the absence of compliance with
the Act;
(h)
no federal or state agency has made any finding or determination as to the fairness of an investment in BRVO or any recommendation or
endorsement of this offering;
(i)
Shareholder understands that all of the representations and warranties of Shareholder contained herein, and all information furnished
by Shareholder to BRVO, are true, correct, and complete in all respects;
(j)
Shareholder is aware that there is presently a limited market for the resale of the Stock and that no market may exist in the future
for such resale;
(k)
Shareholder, as RPIs sole shareholder, hereby waives any and all claims and rights of dissent and appraisal under
the applicable Nevada statute and hereby consents to the transactions contemplated by the Exchange Agreement;
(l)
the foregoing representations, warranties, agreements, undertakings, and acknowledgments are made by Shareholder with the intent that
they be relied upon in determining Shareholders suitability as a purchaser of the Stock. In addition, Shareholder agrees to notify BRVO
immediately of any change in any representation, warranty, or other information that relates to Shareholder.
4.
If more than one person is signing this Stock Subscription Agreement, each representation, warranty, and undertaking herein shall be
a joint and several representation, warranty, and undertaking of each such person. As a corporation, Shareholder further represents and
warrants that: (i) Shareholder has enclosed with this Stock Subscription Agreement appropriate evidence of the authority of the individual
executing this agreement to act on behalf of Shareholder; and (ii) Shareholder was not specifically formed to acquire the Stock subscribed
for herein.
5.
All pronouns contained herein and any variations thereof shall be deemed to refer to the masculine, feminine, or neuter, singular or
plural, as the identity of the parties hereto may require.
6.
This Stock Subscription Agreement shall be irrevocable and governed by and construed in accordance with the laws of the State of Nevada,
except with respect to matters relating exclusively to the corporate governance of and securities issued by BRVO, which matters shall
be governed and construed in accordance with the laws of the State of Wyoming.
7.
This Subscription Agreement may not be assigned by Shareholder, and any attempt by Shareholder to assign this Agreement shall nullify
and void this Stock Subscription Agreement. Subject to the preceding sentence, this Stock Subscription Agreement shall be binding upon
and inure to the benefit of the lawful heirs, executors, administrations, legal representatives, successors, and assigns of Shareholder.
8.
In the event of any conflicting language or ambiguity affecting this Stock Subscription Agreement and the Exchange Agreement, the terms
and conditions of this Stock Subscription Agreement shall govern and control the agreements and relationships of the parties.
[Signature
Page Follows]
IN
WITNESS WHEREOF, this Subscription Agreement is executed by Shareholder and BRVO, effective as of the date of acceptance of this executed
Subscription Agreement by BRVO.
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Shareholder |
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PATRICK E. OGLE |
|
|
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By: |
/s/
Patrick E. Ogle |
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|
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Patrick
E. Ogle |
|
Address:
P.O.
Box 1447
Franklin,
TN 37065 |
RPI
Shares Tendered: 2,550
BRVO
Shares Subscribed: 4,250,000 |
Reviewed,
accepted, and agreed by:
BRAVO
MULTINATIONAL INCORPORATED
By: |
/s/
Richard Kaiser |
|
|
Richard
Kaiser, CFO/Director |
Date:
July 03, 2023 |
EXHIBIT
A
STOCK
SUBSCRIPTION AGREEMENT
Boris
Shimanovsky, a California resident (Shareholder), as a shareholder of Recombinant Productions Inc., a
Nevada corporation (RPI), in consideration of receiving shares of common stock (the Stock)
from Bravo Multinational Incorporated, a Wyoming corporation (BRVO), pursuant to the Share Exchange Agreement
by, between, and among BRVO, RPI, and the RPI shareholders (the Exchange Agreement) as set forth on Exhibit A
hereto, hereby makes the following representations to and covenants with BRVO (this Stock Subscription Agreement).
1.
The Stock subscribed for herein shall not be deemed issued to, or owned by, Shareholder until BRVOs shareholders shall approve the issuance
of the Stock to Shareholder.
2.
Shareholder understands that the certificate representing the stock will bear a legend restricting its transfer and further understands
and agrees that the following paragraph, or language substantially equivalent thereto, may be inserted in or stamped on the certificate
and any direct registered shares account statement evidencing the Stock.
The
shares represented by this Certificate have not been registered or qualified under federal or state securities laws. The shares may not
be offered for sale, sold, pledged or otherwise transferred unless so registered or qualified or unless an exemption exists, the availability
of which is to be established to the satisfaction of the issuer.
Shareholder
agrees that the Stock is subject to the restriction on transfers described in the foregoing paragraph, except as otherwise provided herein
and in compliance with applicable law.
3.
Shareholder hereby represents and warrants to BRVO as follows:
(a)
Shareholders overall commitment to investments that are not readily marketable is not disproportionate to Shareholders net worth, and
Shareholders investment in BRVO will not cause such overall commitment to become excessive;
(b)
Shareholder has the financial ability to bear the economic risk of Shareholders investment, has adequate means of providing for his
current needs and personal contingencies, and has no need for liquidity in this investment in BRVO;
(c)
Shareholder has evaluated the high risks of investing in BRVO as described in BRVOs filings with the U.S. Securities and Exchange Commission
(the SEC), including the fact it is uncertain when, if ever, BRVO will generate any revenues or earnings and when,
if ever, the Stock may be sold or publicly traded by Shareholder;
(d)
the domicile of Shareholder set forth below is true and correct, and Shareholder has no present intention of becoming a domiciliary of
any other state or jurisdiction;
(e)
in making the decision to purchase or otherwise acquire the Stock subscribed for herein, Shareholder has relied solely upon independent
investigations made by or on behalf of Shareholder, including a review of BRVOs recent SEC filings on the SECs website
– SEC.gov;
(f)
the Stock subscribed for herein is being acquired by Shareholder in good faith solely for Shareholders own account, for investment purposes
only, and is not being purchased with a view to, or for, the resale, distribution, subdivision or fractionalization thereof, except to
the extent that BRVO has agreed to file a registration statement with respect to such Stock pursuant to Section 5 of the Securities Act
of 1933, as amended (the Act), for the benefit of Shareholder and Shareholders shareholders;
(g)
Shareholder understands that the Stock has not been registered under the Act and agrees that the Stock may not be sold, offered for sale,
transferred, pledged, hypothecated, or otherwise disposed of except in compliance with the Act, including Rule 144 under the Act. Shareholder
understands that the legal consequences of the foregoing mean that Shareholder must bear the economic risk of Shareholders investment
in the Stock for an indefinite period of time. Shareholder further understands that, if Shareholder desires to sell or transfer all or
any part of the stock acquired hereby, BRVO may require Shareholders counsel to provide a legal opinion that the transfer may be made
without registration under the Act. In addition, other restrictions discussed elsewhere herein or required by Rule 144 may be applicable.
Shareholder agrees that the Stock subscribed for is subject to the restrictions on transfer described herein and Shareholder understands
that BRVO shall issue stop transfer orders with BRVOs transfer agent to enforce such restrictions in the absence of compliance with
the Act;
(h)
no federal or state agency has made any finding or determination as to the fairness of an investment in BRVO or any recommendation or
endorsement of this offering;
(i)
Shareholder understands that all of the representations and warranties of Shareholder contained herein, and all information furnished
by Shareholder to BRVO, are true, correct, and complete in all respects;
(j)
Shareholder is aware that there is presently a limited market for the resale of the Stock and that no market may exist in the future
for such resale;
(k)
Shareholder, as RPIs sole shareholder, hereby waives any and all claims and rights of dissent and appraisal under
the applicable Nevada statute and hereby consents to the transactions contemplated by the Exchange Agreement;
(l)
the foregoing representations, warranties, agreements, undertakings, and acknowledgments are made by Shareholder with the intent that
they be relied upon in determining Shareholders suitability as a purchaser of the Stock. In addition, Shareholder agrees to notify BRVO
immediately of any change in any representation, warranty, or other information that relates to Shareholder.
4.
If more than one person is signing this Stock Subscription Agreement, each representation, warranty, and undertaking herein shall be
a joint and several representation, warranty, and undertaking of each such person. As a corporation, Shareholder further represents and
warrants that: (i) Shareholder has enclosed with this Stock Subscription Agreement appropriate evidence of the authority of the individual
executing this agreement to act on behalf of Shareholder; and (ii) Shareholder was not specifically formed to acquire the Stock subscribed
for herein.
5.
All pronouns contained herein and any variations thereof shall be deemed to refer to the masculine, feminine, or neuter, singular or
plural, as the identity of the parties hereto may require.
6.
This Stock Subscription Agreement shall be irrevocable and governed by and construed in accordance with the laws of the State of Nevada,
except with respect to matters relating exclusively to the corporate governance of and securities issued by BRVO, which matters shall
be governed and construed in accordance with the laws of the State of Wyoming.
7.
This Subscription Agreement may not be assigned by Shareholder, and any attempt by Shareholder to assign this Agreement shall nullify
and void this Stock Subscription Agreement. Subject to the preceding sentence, this Stock Subscription Agreement shall be binding upon
and inure to the benefit of the lawful heirs, executors, administrations, legal representatives, successors, and assigns of Shareholder.
8.
In the event of any conflicting language or ambiguity affecting this Stock Subscription Agreement and the Exchange Agreement, the terms
and conditions of this Stock Subscription Agreement shall govern and control the agreements and relationships of the parties.
[Signature
Page Follows]
IN
WITNESS WHEREOF, this Subscription Agreement is executed by Shareholder and BRVO, effective as of the date of acceptance of this executed
Subscription Agreement by BRVO.
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Shareholder |
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BORIS
SHIMANOVSKY |
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By: |
/s/
Boris Shimanovsky |
|
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Boris
Shimanovsky |
|
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Address:
1223
Wilshire Blvd. #307
Santa
Monica, CA 90403 |
RPI
Shares Tendered: 2,550
BRVO
Shares Subscribed: 4,250,000 |
Reviewed,
accepted, and agreed by:
BRAVO
MULTINATIONAL INCORPORATED
By: |
/s/
Richard Kaiser |
|
|
Richard
Kaiser, CFO/Director |
Date:
July 03, 2023 |
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