securities purchase agreement by and between glassbridge enterprises, inc. and imn capital holdings inc. dated as of march 31, 2019 securities purchase agreement securities purchase agreement ( the “ agreement ” ), dated as of march 31, 2019, by and between glassbridge enterprises, inc., a delaware corporation and its subsidiaries ( “ seller ” ), and imn capital holdings inc., a delaware corporation ( “ purchaser ” ). capitalized terms used but not otherwise defined herein shall have the meanings set forth in section 7. 07 hereof unless the context clearly provides otherwise. whereas, seller owns 100 % of the issued and outstanding capital stock of imation argentina s. a. c. i. f. i., a corporation formed under the laws of argentina ( “ imation argentina ” ), which as of the date hereof consists of 3, 208, 107 shares ( the “ imation argentina shares ” ) ; whereas, seller owns 100 % of the issued and outstanding capital stock of imation holdings pte ltd., a corporation formed under the laws of singapore ( “ imation singapore ” ), which as of the date hereof consists of 34, 400, 048 shares ( the “ imation singapore shares ” ) ; whereas, seller owns 100 % of the issued and outstanding capital stock of imation latin america corp., a delaware corporation ( “ imation delaware ” ), which as of the date hereof consists of 100 shares of common stock ( the “ imation delaware shares ” ) ; whereas, seller owns all of the issued and outstanding capital stock of imation holding b. v., a corporation formed under the laws of the netherlands ( “ imation netherlands ” ), which as of the date hereof consists of 28, 000 shares ( the “ imation netherlands shares ” ) ; whereas, seller owns 62 % of the issued and outstanding capital stock of imation corp. japan, a corporation formed under the laws of japan ( “ imation japan ” ), which as of the date hereof consists of 15, 143 shares ( the “ imation japan shares ” ) ; whereas, seller owns all of the issued and outstanding capital stock of imation canada, inc. a corporation formed under the laws of canada ( “ imation canada ” ), which as of the date hereof consists of 15, 143 shares ( the “ imation canada shares ” ) ; whereas, seller owns 51 % of the issued and outstanding capital