npm run dev-server error output

ERROR in ./app/Main.jsx
Module parse failed: /Users/pikeas/Documents/code/pypjs/crypto/front/react-starter/app/Main.jsx Line 19: Unexpected token <
You may need an appropriate loader to handle this file type.
| var Application = React.createClass({
| 	render: function() {
| 		return <Example />;
| 	}
| });
 @ ./config/app.jsx?Main 4:18-64

webpack.config.coffee

# Coffeescript rewrite of https://github.com/webpack/react-starter/blob/master/make-webpack-config.js
# Should be basically identical...(famous last words)
# But npm run dev-server fails with errors attached as next file

# https://github.com/webpack/react-starter

webpack = require 'webpack'


_loaders =
    coffee:         'coffee-redux'
    # Tried this with and without the insertPragma. Fails either way.
    jsx:            'jsx?insertPragma=React.DOM'
    json:           'json'
    'png|jpg|jpeg|gif|svg': 'url?limit=10000'
    woff:           'url?limit=100000'
    'ttf|eot':      'file'
    html:           'html'
    css:            'css'
    less:           'css!less'
    styl:           'css!stylus'
    sass:           'css!sass'


base = (options={}) ->
    options.debug ?= false
    config =
        entry:
            main: './config/app?Main'
        output:
            path: __dirname + '/build/public'
            pathinfo: options.debug
            publicPath: '/'
            filename: '[name].js',
            chunkFilename: '[name].js'
            sourceMapFilename: 'debugging/[file].map'
        module:
            loaders: ({test: ///\.(#{ext})(\?.*)$///, loader: loader} for ext, loader of _loaders)
        resolve:
            root: __dirname + '/app',
            extensions: [ '', '.web.js', '.js', '.jsx' ]
        plugins: [
            # TODO stats output plugin
            new webpack.PrefetchPlugin('react')
            new webpack.PrefetchPlugin('react/lib/ReactComponentBrowserEnvironment')
        ]
        debug: options.debug

    if options.devtool?
        config.devtool = options.devtool

    config


dev = () ->
    config = base({devtool: 'eval', debug: true})
    config.entry.main = ['webpack-dev-server/client?http://localhost:2992', './config/app?Main']
    config.output.chunkFilename = '[id].js'
    config


module.exports = (type) ->
    switch type
        when 'dev' then dev()
        when 'hot-dev' then 'TODO hot'
        when 'prod' then 'TODO prod'
        else base()

webpack.config.js

require('coffee-script/register');

//module.exports = require("./make-webpack-config")({
//});

module.exports = require('./webpack.config.coffee');