EXHIBIT 10.1

STOCK PURCHASE AGREEMENT

This Agreement, made this 29th day of December, 2005, by and among Global
Matrechs, Inc. a Delaware corporation with its principal place of business at 90
Grove Street, Ridgefield, Connecticut (the “Seller”), Mark J. Allen (the
“Buyer”), and True to Form Limited, Inc., a Massachusetts corporation with its
principal place of business at 91 French Avenue, Braintree, MA 02184 (“TTF”).
 
W I T N E S S E T H
 
WHEREAS, Seller is the record and beneficial owner of 100 shares of the common
stock, $.001 par value (the “TTF Shares”), of TTF, such shares constituting all
of the issued and outstanding share capital of TTF; and
 
WHEREAS, Seller desires to sell, and each Buyer desires to purchase from Seller,
the TTF Shares, on the terms and conditions hereinafter appearing,
 
NOW, THEREFORE, in consideration of the premises and the mutual covenants
hereinafter set forth, the parties hereby agree as follows:
 

1.
PURCHASE AND SALE OF STOCK.

 
1.1.  Sale of Shares. At the Closing (as hereinafter defined), Seller shall
sell, assign and convey to Buyer, and Buyer, severally and not jointly, shall
purchase the TTF Shares.
 
1.2.  Purchase Price. The purchase price for the Shares (the “Purchase Price”)
shall consist of:
 
(a)  10,000,000 shares of common stock of the Seller, $.0001 par value, of which
the Buyer is currently the registered holder (the “Seller Shares”);
 
 
 

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(b)  A promissory note (the “Note”) issued by TTF to the Seller in the original
principal amount of $250,000 in substantially the form attached hereto as
Exhibit A.
 
1.3.  Closing. The consummation of the purchase and sale of the TTF Shares (the
“Closing”) shall take place at the offices of Foley Hoag LLP, 155 Seaport
Boulevard, Boston, Massachusetts, at 10:00 a.m. on December 29, 2005, or at such
other place, date and time as may be agreed upon in writing by Buyers and
Seller. At the Closing, Seller will deliver to the Buyer, against delivery to
Seller of the Purchase Price (including, for such purposes, the certificate
evidencing the Seller Shares accompanied by a duly executed stock power relating
thereto), a certificate representing the TTF Shares, accompanied by a duly
executed stock power relating thereto.
 

2.
OTHER AGREEMENTS OF THE PARTIES

 
2.1.  The parties hereto agree that, effective upon the Closing, each those
certain agreements entered into on or about December 31, 2004 relating to the
acquisition by Seller of TTF, including the Agreement and Plan of Merger, the
Security Agreement, the Pledge Agreement, the Share Escrow Agreement, the
Employment Agreement between the Buyer and the Seller, the Working Capital Note
issued by TTF to the Seller and the Promissory Note issued by the Seller to the
Buyer shall be terminated and of no further force or effect.
 
2.2.  Buyer and Seller hereby agree to the cancellation, effective upon the
Closing, of any and all equity interests in the Seller beneficially owned by
Buyer, including but not limited to all options, warrants and shares of capital
stock of the Seller.
 
2.3.  The Parties do hereby release and forever discharge each other and each
other’s affiliates, officers, directors, employees, servants, agents,
representatives, attorneys,
 
 
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successors and assigns, past and present, from any and all claims, suits,
actions, causes of action, demands, damages or liabilities whatsoever of every
kind, name and nature, whether at Law or in Equity, whether in contract or tort,
by statute, or on any other basis, known or unknown, suspected or unsuspected
(“Claims”), which they now have, ever had, or may hereafter have, with the
exception of those arising out of, in connection with, or relating to the
transactions contemplated by this Agreement.
 

3.
CONDITIONS PRECEDENT

 
3.1.  The obligations of the parties hereto to consummate the transactions
contemplated by this Agreement shall be subject to the fulfillment at or prior
to the Closing of each of the following conditions:
 
(a)  The delivery by the Buyer to the Seller of a signed letter of providing for
Buyer’s resignation from the Seller’s board of directors, effective upon the
Closing;
 
(b)  The delivery by the Seller to the Buyer of a letter, signed by Michael
Sheppard, President of Seller, confirming Mr. Sheppard’s resignation as a
director and officer of TTF; and
 
(c)  The surrender and cancellation by the Buyer of any and all instruments
evidencing equity interests in the Seller, including but not limited to all
options, warrants and shares of capital stock of the Seller.
 

4.
GENERAL.

 
This Agreement (i) constitutes the entire agreement of the parties with respect
to the subject matter hereof and supersedes all prior oral and written
communications, agreements and
 
 
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understandings between them with respect to such subject matter, (ii) is entered
into in, and shall be governed by the substantive laws of, The Commonwealth of
Massachusetts, and (iii) shall be binding on and inure to the benefit of the
parties and their respective heirs, legal representative, successors and
permitted assigns. No party may assign any rights or delegate any obligations
under this Agreement without the prior written consent of each other party
hereto. This Agreement may not be amended or modified or any provision hereof
waived except by an agreement in writing executed by each party hereto.
 
 
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IN WITNESS WHEREOF, the undersigned have executed this Agreement under seal as
of the date first set forth above.  
 
GLOBAL MATRECHS, INC.
 

By:  /s/ Michael Sheppard

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  Name: Michael Sheppard

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    Its:  President

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TRUE TO FORM LIMITED, INC.

 

By:  /s/ Mark J. Allen

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  Name: Mark J. Allen

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    Its:  President

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Exhibit A

Promissory Note
 
 
 
 
 
 
 
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