Exhibit 10.1
 
SHARE REDEMPTION AGREEMENT
 
THIS SHARE REDEMPTION AGREEMENT (the "Agreement") is made and entered into
effective as of July 25, 2012, by and among XLFashions, Inc. a Delaware
corporation ("XLFashions"), and the shareholder of XLFashions listed on Schedule
A hereto (the "Shareholder").

RECITALS:

A.      The Shareholder owns 1,812,907 shares of preferred stock of XLFashions
(the "XLFashions Shares").

B.       XLFashions desires to redeem, and Shareholder desires to sell, all of
the Shareholder’s XLFashions Shares for an amount equal to the purchase price
paid therefor by such Shareholder (a “Treasury Purchase Transaction”).

C.       All of the shareholders of all of the issued and outstanding XLFashions
Shares are being provided with the option to either (i) retain such shareholders
current ownership of the XLFashions Shares, (ii) convert the XLFashions Shares
to common shares of Excel Corporation, the parent entity of XLFashions
(“Excel”), or (iii) consummate a Treasury Purchase Transaction.

D.      The Shareholder desires to consummate the Treasury Purchase Transaction
upon the terms and conditions set forth herein.

E.       It is the intention of the parties hereto that: (i) XLFashions shall
acquire the XLFashions Shares solely for the consideration set forth below (the
"Redemption"); and (ii) the Exchange shall qualify as a transaction exempt from
registration or qualification under the Securities Act of 1933, as amended (the
"Securities Act").

         NOW, THEREFORE, in consideration of the mutual covenants, agreements,
representations and warranties contained in this Agreement, the parties hereto
agree as follows:

SECTION 1. REDEMPTION OF SHARES AND OTHER TRANSACTIONS

1.1 Redemption of Shares. On the Closing Date (as hereinafter defined), the
Shareholder shall tender the XLFashions Shares to XLFashions and XLFashions
shall pay a purchase price equal to $0.1379 per XLFashions Share so tendered for
a total purchase price of $250,000.00.

1.2 Delivery of XLFashions Shares. On the Closing Date, the Shareholder will
deliver to XLFashions the certificates representing the XLFashions Shares, duly
endorsed for transfer (or with executed stock powers) so as to convey good and
marketable title to the XLFashions Shares to XLFashions.
 
 
 

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SECTION 2. REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER

         The Shareholder represents and warrants to XLFashions as follows:

2.1 Information on Shareholder. Shareholder is an "accredited investor," as such
term is defined in Regulation D promulgated under the Securities Act, and is
experienced in investments and business matters, has made investments of a
speculative nature and has such knowledge and experience in financial, tax and
other business matters as to enable him to evaluate the merits and risks of, and
to make an informed investment decision with respect to, this Agreement.

2.2 Ownership of XLFashions Shares and Authorization of Agreement. Shareholder
is the sole record and beneficial owner of his/her/its XLFashions Shares, all of
which shares are owned free and clear of all rights, claims, liens and
encumbrances, and have not been sold, pledged, assigned or otherwise transferred
except pursuant to this Agreement. There are no outstanding subscriptions,
rights, options, warrants or other agreements obligating Shareholder to sell or
transfer to any third person any of the XLFashions Shares owned by Shareholder,
or any interest therein. Shareholder has the power to enter into this Agreement
and to carry out his, her or its obligations hereunder. This Agreement has been
duly executed by Shareholder and constitutes the valid and binding obligation of
Shareholder, enforceable against Shareholder in accordance with its terms.

2.3    Review of Excel 1934 Exchange Act Filings; Access to Information.
Shareholder represents and warrants that it has (i) reviewed the reports filed
by Excel under the Securities Exchange Act of 1934 (hereinafter defined as the
“SEC Reports”) on the SEC EDGAR system; (ii) received such information and other
documents as has been requested by Shareholder regarding Excel and/or
XLFashions; (iii) carefully reviewed and understands all of such information;
and (iv) made any decision to execute and become a party to this Agreement based
solely upon such Shareholder’s review of such information.
 
SECTION 3. COVENANTS

3.1. Examinations and Investigations. Prior to the Closing, the parties
acknowledge that they have been entitled, through their employees and
representatives, to make such investigation and verification of the assets,
properties, business and operations, books, records and financial condition of
the other, including communications with suppliers, vendors and customers, as
they each may reasonably require.

3.2. Expenses. Each party hereto agrees to pay its own costs and expenses
incurred in negotiating this Agreement and consummating the transactions
described herein.

3.3. Further Assurances. The parties shall execute such documents and other
papers and take such further action as may be reasonably required or desirable
to carry out the provisions hereof and the transactions contemplated hereby.
Each such party shall use its best efforts to fulfill or obtain in the
fulfillment of the conditions to the Closing, including, without limitation, the
execution and delivery of any documents or other papers, the execution and
delivery of which are necessary or appropriate to the Closing.

3.4 Stock Certificates and Consideration. At the Closing, the Shareholder shall
have delivered the certificates representing the XLFashions Shares duly endorsed
(or with executed stock powers) so as to make XLFashions the sole owner thereof.
 
 
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SECTION 4. THE CLOSING

         The closing (the "Closing") shall take place at such other time and
place as is mutually agreed upon by XLFashions and the Shareholder (the “Closing
Date”). At the Closing, the parties shall provide each other with such documents
as may be necessary or appropriate and customary in transactions of this sort in
order to consummate the transactions contemplated hereby, including evidence of
due authorization of the Agreement and the transactions contemplated hereby.

SECTION 5. SURVIVAL OF REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER

         XLFashions shall have the right to rely fully upon the representations,
warranties, covenants and agreements of the Shareholder contained in this
Agreement or in any document delivered to XLFashions or any of its
representatives, in connection with the transactions contemplated by this
Agreement. All such representations, warranties, covenants and agreements shall
survive the execution and delivery hereof and the Closing hereunder for 12
months following the Closing.

SECTION 6. MISCELLANEOUS

6.1 Waivers. The waiver of a breach of this Agreement or the failure of any
party hereto to exercise any right under this Agreement shall in no event
constitute a waiver as to any future breach whether similar or dissimilar in
nature or as to the exercise of any further right under this Agreement.

6.2 Amendment. This Agreement may be amended or modified only by an instrument
of equal formality signed by the parties or the duly authorized representatives
of the respective parties.

6.3 Assignment. This Agreement is not assignable except by operation of law.
 
 
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6.4 Notices.  Until otherwise specified in writing, the mailing addresses of
both parties of this Agreement shall be as follows:
 
To: 
XLFashions, Inc.
595 Madison Avenue, Suite 1101
New York, NY 10022
Attention: Ruben Azrak, CEO

 
With a copy to:
XLFashions, Inc.
595 Madison Avenue, Suite 1101
New York, NY 10022
Attn: Legal Department

To the
Shareholder:
Address as set forth on the signature page hereto

 
Any notice or statement given under this Agreement shall be deemed to have been
given if sent by registered mail addressed to the other party at the address
indicated above or at such other address as may be furnished in writing to the
addressor.

6.5 Governing Law; Venue. This Agreement shall be governed and construed in
accordance with the laws of the State of Delaware, without regard to the
conflicts of law provisions thereof. Each party hereby irrevocably submits to
the exclusive jurisdiction of the state and federal courts sitting in the County
of New York, State of New York, for the adjudication of any dispute hereunder or
in connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the
jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party at the address for such notices to it under
this agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.
If any provision of this agreement shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this agreement in that jurisdiction or the
validity or enforceability of any provision of this agreement in any other
jurisdiction. EACH PARTY HERETO IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY.

6.6 Publicity. No publicity release or announcement concerning this Agreement or
the transactions contemplated hereby shall be issued by either party hereto at
any time from the signing hereof without advance approval in writing of the form
and substance thereof by the other party.

6.7 Entire Agreement. This Agreement and the collateral agreements executed in
connection with the consummation of the transactions contemplated herein contain
the entire agreement among the parties with respect to the Exchange and related
transactions, and supersede all prior agreements, written or oral, with respect
thereto.

6.8 Headings. The headings in this Agreement are for reference purposes only and
shall not in any way affect the meaning or interpretation of this Agreement.

6.9 Severability of Provisions. The invalidity or unenforceability of any term,
phrase, clause, paragraph, restriction, covenant, agreement or other provision
of this Agreement shall in no way affect the validity or enforcement of any
other provision or any part thereof.

6.10 Counterparts. This Agreement may be executed in any number of counterparts,
each of which, when so executed, shall constitute an original copy hereof, but
all of which together shall consider but one and the same document.
 
 
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IN WITNESS WHEREOF, the parties have executed this Agreement on the date first
above written.

XLFASHIONS, INC.
 
By:____________________
Name: Ruben Azrak
Title: CEO
 
SHAREHOLDER:
 
By:____________________
Name: Marvin Azrak

Address for notice:

 
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