Exhibit 10.1


 





STOCK PURCHASE AGREEMENT


 


THIS STOCK PURCHASE
AGREEMENT (this “Agreement”), dated as of December 31, 2015, is made by and between The Staffing Group Ltd.,
a Nevada corporation (“Seller”), and Pour Les Enfant LLC., a Louisiana corporation (the “Buyer”).


 


RECITALS


 


WHEREAS, Seller
owns all of the issued and outstanding common shares (the “Shares”) of EmployUS Ltd., a Nevada corporation (the
“Company”), which Shares constitute, as of the date hereof, all of the issued and outstanding capital stock
of the Company; and


 


WHEREAS, Seller
believes it is in their best interests and the best interest of its stockholders to eliminate several liabilities;


 


WHEREAS,In
connection with the “Repurchase,” Buyer wishes to acquire from Seller, and Seller wishes to transfer to Buyer,
the Shares, upon the terms and subject to the conditions set forth herein.


 


WHEREAS,In
connection with the “Repurchase,” Buyer wishes to acquire from Seller, and Seller wishes to transfer to Buyer,
all tangible assets including outstanding receivable currently guaranteed under the Crestmark loan agreement.


 


WHEREAS, on
or before the closing of the Stock Purchase Agreement, Brian McLoone owning 6,050,000 shares of Common Stock in The Staffing Group,
agree to transfer 4,550,000 shares of Common Stock (the “Purchase Price Shares”) back to seller for Cancellation
(the “Repurchase”); and


 


WHEREAS, on
or before the closing of the Stock Purchase Agreement, Brian McLoone owning 1 share of Preferred Stock in The Staffing Group, agree
to cancel said share of Preferred Stock pursuant to completion of this agreement; and


 


WHEREAS, on
or before the closing of the Stock Purchase Agreement, Brent Callais owning 6,050,000 shares of Common Stock in The Staffing Group,
agree to transfer 4,550,000 shares of Common Stock (the “Purchase Price Shares”) back to seller for Cancellation
(the “Repurchase”); and


 


WHEREAS, on
or before the closing of the Stock Purchase Agreement, Brent Callais owning 1 share of Preferred Stock in The Staffing Group, agree
to cancel said share of Preferred Stock pursuant to completion of this agreement; and


  


WHEREAS,In
connection with the “Repurchase,” Buyer wishes to assume from Seller, and Seller wishes to transfer to Buyer,
all liabilities associated with the monies owed to the Internal Revenue Services for late payroll taxes;


 






     


     


    

 


WHEREAS,In
connection with the Repurchase, Buyer wishes to assume from Seller, and Seller wishes to transfer to Buyer, all Corporate, Personal,
and Validity Guarantees associated with the Crestmark Bank Loan and Security Agreement;


 


WHEREAS,
this Agreement will cause EmployUS to become a wholly-owned subsidiary of Buyer;


 


NOW, THEREFORE,
in consideration of the mutual terms, conditions and other agreements set forth herein, the parties hereto agree as follows:


 


1.          Purchase
and Sale of Shares.


 


(a)          Purchased
Shares. Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyer and Buyer shall purchase
from Seller, on the Closing Date (as defined in Section 1(c)), all of the Shares.


 


(b)          Purchase
Price. The purchase price for the Shares shall be the transfer and delivery by Buyer to Seller of the Purchase Price Shares,
deliverable as provided in Section 2(b).


 


(c)          Closing.
Subject to the terms and conditions of this Agreement, the closing of the transactions contemplated in this Agreement (the “Closing”)
shall take place as soon as practicable following the execution of this Agreement. The date on which the Closing occurs shall be
referred to herein as the Closing Date (the “Closing Date”).


 


2.          Closing.


 


(a)          Transfer
of Shares. At the Closing, Seller shall deliver to Buyer certificate or certificates representing the Shares, duly endorsed
to Buyer or as directed by Buyer, which delivery shall vest Buyer with good and marketable title to all of the issued and outstanding
shares of capital stock of the Company, free and clear of all liens and encumbrances.


 


(b)          Payment
of Purchase Price. At the Closing, Buyer shall deliver to Seller a certificate or certificates representing the Purchase Price
Shares duly endorsed to Seller, which delivery shall vest Seller with good and marketable title to the Purchase Price Shares, free
and clear of all liens and encumbrances.


 


(c)          Assumption
of Liabilities. At the closing Buyer will assume all liabilities associated with the monies owed to the Internal Revenue Services
for late payroll taxes; as well as all Corporate, Personal, and Validity Guarantees associated with the Crestmark Bank Loan and
Security Agreement;


 


3.          Representations
and Warranties of Seller. Seller represents and warrants to Buyer as of the date hereof as follows:


 


(a)          Corporate
Authorization; Enforceability. The execution, delivery and performance by Seller of this Agreement are within the corporate
powers and have been, duly authorized by all necessary corporate action on the part of Seller. This Agreement has been duly executed
and delivered by Seller and constitutes the valid and binding agreement of Seller, enforceable against Seller in accordance with
its terms, except to the extent that its enforceability may be subject to applicable bankruptcy, insolvency, reorganization, moratorium
and similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles.


 






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(b)          Governmental
Authorization. The execution, delivery and performance by Seller of this Agreement requires no consent, approval, Order, authorization
or action by or in respect of, or filing with, any governmental authority.


 


(c)          Non-Contravention;
Consents. The execution, delivery and performance by Seller of this Agreement and the consummation of the transactions contemplated
hereby do not (i) violate the articles of incorporation or bylaws of Seller or (ii) violate any applicable Law or Order.


 


4.          Representations
and Warranties of Buyer. Buyer represents and warrants to Seller as of the date hereof as follows:


 


(a)          Enforceability.
The execution, delivery and performance by Buyer of this Agreement are within Buyer’s powers. This Agreement has been duly
executed and delivered by Buyer and constitutes the valid and binding agreement of Buyer, enforceable against Buyer in accordance
with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting the enforcement of creditors' rights generally and by general equitable principles.


 


(b)          Governmental
Authorization. The execution, delivery and performance by Buyer of this Agreement require no consent, approval, Order, authorization
or action by or in respect of, or filing with, any governmental authority.


 


(c)          Non-Contravention;
Consents. The execution, delivery and performance by Buyer of this Agreement, and the consummation of the transactions contemplated
hereby do not violate any applicable Law or Order.


 


(d)          Purchase
for Investment. Buyer are financially able to bear the economic risks of acquiring an interest in the Company and the other
transactions contemplated hereby, and have no need for liquidity in this investment. Buyer have such knowledge and experience in
financial and business matters in general, and with respect to businesses of a nature similar to the business of the Company, so
as to be capable of evaluating the merits and risks of, and making an informed business decision with regard to, the acquisition
of the Shares. Buyer are acquiring the Shares solely for their own account and not with a view to or for resale in connection with
any distribution or public offering thereof, within the meaning of any applicable securities laws and regulations, unless such
distribution or offering is registered under the Securities Act of 1933, as amended (the “Securities Act”),
or an exemption from such registration is available. Buyer have (i) received all the information they have deemed necessary to
make an informed investment decision with respect to the acquisition of the Shares, (ii) had an opportunity to make such investigation
as they have desired pertaining to the Company and the acquisition of an interest therein, and to verify the information which
is, and has been, made available to them and (iii) had the opportunity to ask questions of Seller concerning the Company. Buyer
has received no public solicitation or advertisement with respect to the offer or sale of the Shares. Buyer realizes that the Shares
are “restricted securities” as that term is defined in Rule 144 promulgated by the Securities and Exchange Commission
under the Securities Act, the resale of the Shares is restricted by federal and state securities laws and, accordingly, the Shares
must be held indefinitely unless their resale is subsequently registered under the Securities Act or an exemption from such registration
is available for their resale. Buyer understand that any resale of the Shares by them must be registered under the Securities Act
(and any applicable state securities law) or be effected in circumstances that, in the opinion of counsel for the Company at the
time, create an exemption or otherwise do not require registration under the Securities Act (or applicable state securities laws).
Buyer acknowledges and consents that certificates now or hereafter issued for the Shares will bear a legend substantially as follows:


 






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THE SECURITIES EVIDENCED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR
QUALIFIED UNDER ANY APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”), HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY
NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO A REGISTRATION STATEMENT UNDER THE SECURITIES ACT
AND QUALIFICATION UNDER THE STATE ACTS OR PURSUANT TO EXEMPTIONS FROM SUCH REGISTRATION OR QUALIFICATION REQUIREMENTS (INCLUDING,
IN THE CASE OF THE SECURITIES ACT, THE EXEMPTIONS AFFORDED BY SECTION 4(2) OF THE SECURITIES ACT AND RULE 144 THEREUNDER). AS A
PRECONDITION TO ANY SUCH TRANSFER, THE ISSUER OF THESE SECURITIES SHALL BE FURNISHED WITH AN OPINION OF COUNSEL OPINING AS TO THE
AVAILABILITY OF EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION AND/OR SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY THERETO THAT
ANY SUCH TRANSFER WILL NOT VIOLATE THE SECURITIES LAWS.


  


Buyer understand that
the Shares are being sold to them pursuant to the exemption from registration contained in Section 4(2) of the Securities Act and
that Seller is relying upon the representations made herein as one of the bases for claiming the Section 4(2) exemption.


 


(e)          Liabilities.
Following the Closing, Seller will have no debts, liabilities or obligations relating to the Company or its business or activities,
whether before or after the Closing, and there are no outstanding guaranties, performance or payment bonds, letters of credit or
other contingent contractual obligations that have been undertaken by Seller directly or indirectly in relation to the Company
or its business and that may survive the Closing.


 


(f)          Title
to Purchase Price Shares. Buyer is the sole record and beneficial owners of the Purchase Price Shares. At Closing, Buyer will
have good and marketable title to the Purchase Price Shares, which Purchase Price Shares are, and at the Closing will be, free
and clear of all options, warrants, pledges, claims, liens and encumbrances, and any restrictions or limitations prohibiting or
restricting transfer to Seller, except for restrictions on transfer as contemplated by applicable securities laws.


 


(g)          Capitalization.
As of the date hereof, Seller owns the Shares, which shares represent 100% of the authorized, issued and outstanding capital stock
of the Company. The Shares are duly authorized, validly issued, fully-paid, non-assessable and free and clear of any Liens.


 






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5.          Indemnification
and Release.


 


(a)          Indemnification.
Buyer covenants and agrees to indemnify, defend, protect and hold harmless Seller, and its officers, directors, employees, stockholders,
agents, representatives and affiliates (collectively, together with Seller, the “Seller Indemnified Parties”)
at all times from and after the date of this Agreement from and against all losses, liabilities, damages, claims, actions, suits,
proceedings, demands, assessments, adjustments, costs and expenses (including specifically, but without limitation, reasonable
attorneys’ fees and expenses of investigation), whether or not involving a third party claim and regardless of any negligence
of any Seller Indemnified Party (collectively, “Losses”), incurred by any Seller Indemnified Party as a result
of or arising from (i) any breach of the representations and warranties of Buyer set forth herein or in certificates delivered
in connection herewith, (ii) any breach or nonfulfillment of any covenant or agreement on the part of Buyer under this Agreement,
(iii) any debt, liability or obligation of the Company, whether incurred or arising prior to the date hereof or after, (iv) any
debt, liability or obligation of Seller for actions taken prior to that certain share exchange agreement by and between Seller
(the “Share Exchange”), (v) the conduct and operations of the business of the Company whether before or after
the Closing Date, (vi) claims asserted against the Company whether arising before or after the Closing Date and whether in connection
with the transactions contemplated hereunder or otherwise, or (vii) any federal or state income tax payable by Seller and attributable
to the transaction contemplated by this Agreement or activities prior to the Share Exchange or with respect to the Company after
the Share Exchange.


 


(b)          Third
Party Claims.


 


(i)          If
any claim or liability (a “Third-Party Claim”) should be asserted against any of the Seller Indemnified Parties
(the “Indemnitee”) by a third party after the Closing for which Buyer has an indemnification obligation under
the terms of Section 5(a), then the Indemnitee shall notify Buyer (the “Indemnitor”) within 20 days after the
Third-Party Claim is asserted by a third party (said notification being referred to as a “Claim Notice”) and
give the Indemnitor a reasonable opportunity to take part in any examination of the books and records of the Indemnitee relating
to such Third-Party Claim and to assume the defense of such Third-Party Claim and in connection therewith and to conduct any proceedings
or negotiations relating thereto and necessary or appropriate to defend the Indemnitee and/or settle the Third-Party Claim. The
expenses (including reasonable attorneys’ fees) of all negotiations, proceedings, contests, lawsuits or settlements with
respect to any Third-Party Claim shall be borne by the Indemnitor. If the Indemnitor agrees to assume the defense of any Third-Party
Claim in writing within 20 days after the Claim Notice of such Third-Party Claim has been delivered, through counsel reasonably
satisfactory to Indemnitee, then the Indemnitor shall be entitled to control the conduct of such defense, and shall be responsible
for any expenses of the Indemnitee in connection with the defense of such Third-Party Claim so long as the Indemnitor continues
such defense until the final resolution of such Third-Party Claim. The Indemnitor shall be responsible for paying all settlements
made or judgments entered with respect to any Third-Party Claim the defense of which has been assumed by the Indemnitor. Except
as provided in subsection (ii) below, both the Indemnitor and the Indemnitee must approve any settlement of a Third-Party Claim.
A failure by the Indemnitee to timely give the Claim Notice shall not excuse Indemnitor from any indemnification liability except
only to the extent that the Indemnitor is materially and adversely prejudiced by such failure.


 






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(ii)          If
the Indemnitor shall not agree to assume the defense of any Third-Party Claim in writing within 20 days after the Claim Notice
of such Third-Party Claim has been delivered, or shall fail to continue such defense until the final resolution of such Third-Party
Claim, then the Indemnitee may defend against such Third-Party Claim in such manner as it may deem appropriate and the Indemnitee
may settle such Third-Party Claim, in its sole discretion, on such terms as it may deem appropriate. The Indemnitor shall promptly
reimburse the Indemnitee for the amount of all settlement payments and expenses, legal and otherwise, incurred by the Indemnitee
in connection with the defense or settlement of such Third-Party Claim. If no settlement of such Third-Party Claim is made, then
the Indemnitor shall satisfy any judgment rendered with respect to such Third-Party Claim before the Indemnitee is required to
do so, and pay all expenses, legal or otherwise, incurred by the Indemnitee in the defense against such Third-Party Claim.


 


(c)          Non-Third-Party
Claims. Upon discovery of any claim for which Buyer have an indemnification obligation under the terms of this Section 5 which
does not involve a claim by a third party against the Indemnitee, the Indemnitee shall give prompt notice to Buyer of such claim
and, in any case, shall give Buyer such notice within 30 days of such discovery. A failure by Indemnitee to timely give the foregoing
notice to Buyer shall not excuse Buyer from any indemnification liability except to the extent that Buyer is materially and adversely
prejudiced by such failure.


 


(d)          Release.
Buyer, on behalf of itself and its Related Parties as defined below, hereby release and forever discharge Seller and its individual,
joint or mutual, past and present representatives, Affiliates, officers, directors, employees, agents, attorneys, stockholders,
controlling persons, subsidiaries, successors and assigns (individually, a “Releasee” and collectively, “Releasees”)
from any and all claims, demands, proceedings, causes of action, orders, obligations, contracts, agreements, debts and liabilities
whatsoever, whether known or unknown, suspected or unsuspected, both at law and in equity, which Buyer or any of its Related Parties
now have or have ever had against any Releasee. Buyer hereby irrevocably covenant to refrain from, directly or indirectly, asserting
any claim or demand, or commencing, instituting or causing to be commenced, any proceeding of any kind against any Releasee, based
upon any matter released hereby. “Related Parties” shall mean, with respect to Buyer, (i) any Person that directly
or indirectly controls, is directly or indirectly controlled by, or is directly or indirectly under common control with Buyer,
(ii) any Person in which Buyer hold a Material Interest or (iii) any Person with respect to which any Buyer serves as a general
partner or a trustee (or in a similar capacity). For purposes of this definition, “Material Interest” shall
mean direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) of
voting securities or other voting interests representing at least ten percent (10%) of the outstanding voting power of a Person
or equity securities or other equity interests representing at least ten percent (10%) of the outstanding equity securities or
equity interests in a Person.


 






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6.          Definitions.
As used in this Agreement:


 


(a)          “Affiliate”
means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with
the first Person. For the purposes of this definition, “Control,” when used with respect to any Person, means
the possession, directly or indirectly, of the power to (i) vote 10% or more of the securities having ordinary voting power for
the election of directors (or comparable positions) of such Person or (ii) direct or cause the direction of the management and
policies of such Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “Controlling”
and “Controlled” have meanings correlative to the foregoing;


 


(b)          “Governmental
Authority” means any domestic or foreign governmental or regulatory authority;


 


(c)          “Law”
means any federal, state or local statute, law, rule, regulation, ordinance, code, Permit, license, policy or rule of common law;


 


(d)          “Lien”
means, with respect to any property or asset, any mortgage, lien, pledge, charge, security interest, encumbrance or other adverse
claim of any kind in respect of such property or asset. For purposes of this Agreement, a Person will be deemed to own, subject
to a Lien, any property or asset which it has acquired or holds subject to the interest of a vendor or lessor under any conditional
sale agreement, capital lease or other title retention agreement relating to such property or asset;


 


(e)          “Order”
means any judgment, injunction, judicial or administrative order or decree;


 


(f)          “Permit”
means any government or regulatory license, authorization, permit, franchise, consent or approval; and


 


(h)          “Person”
means an individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including
a government or political subdivision or an agency or instrumentality thereof.


 


7.          Miscellaneous.


 


(a)          Counterparts.
This Agreement may be signed in any number of counterparts, each of which will be deemed an original but all of which together
shall constitute one and the same instrument.


 


(b)          Amendments
and Waivers.


 


(i)          Any
provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in
the case of an amendment, by each party to this Agreement, or in the case of a waiver, by the party against whom the waiver is
to be effective.


 






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(ii)          No
failure or delay by any party in exercising any right, power or privilege hereunder will operate as a waiver thereof nor will any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or
privilege. The rights and remedies herein provided will be cumulative and not exclusive of any rights or remedies provided by Law.


 


(c)          Successors
and Assigns. The provisions of this Agreement will be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns; provided that no party may assign, delegate or otherwise transfer (including by operation
of Law) any of its rights or obligations under this Agreement without the consent of each other party hereto.


 


(d)          No
Third Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their permitted successors and
assigns and nothing herein expressed or implied will give or be construed to give to any Person, other than the parties hereto,
those referenced in Section 5 above, and such permitted successors and assigns, any legal or equitable rights hereunder.


 


(e)          Governing
Law. This Agreement will be governed by, and construed in accordance with, the internal substantive law of the State of Nevada.


 


(f)          Headings.
The headings in this Agreement are for convenience of reference only and will not control or affect the meaning or construction
of any provisions hereof.


 


(g)          Entire
Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter of this Agreement.
This Agreement supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the
subject matter hereof of this Agreement.


 


(h)          Severability.
If any provision of this Agreement or the application of any such provision to any Person or circumstance is held invalid, illegal
or unenforceable in any respect by a court of competent jurisdiction, the remainder of the provisions of this Agreement (or the
application of such provision in other jurisdictions or to Persons or circumstances other than those to which it was held invalid,
illegal or unenforceable) will in no way be affected, impaired or invalidated, and to the extent permitted by applicable Law, any
such provision will be restricted in applicability or reformed to the minimum extent required for such provision to be enforceable.
This provision will be interpreted and enforced to give effect to the original written intent of the parties prior to the determination
of such invalidity or unenforceability.


  


[REMAINDER OF
PAGE LEFT BLANK INTENTIONALLY]


 




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[SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT]


 


IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed and delivered, effective as of the date first above written.


 





	 	The Staffing Group Ltd.	 
	 	 	 	 
	 	By	 	 
	:		Name: Kimberly Thompson	 
	 	 	Title: Director	 
	 	 	 	 
	 	POUR LES ENFANT	 
		 	 	 
	 	By:	 	 
	 	 	Name: Sarah Callais	 
	 	 	 	 
		By:	 	 
	 	 	Name: Theresa McLoone	 
		 	 	 
	 	By:	 	 
	 	 	Name: Brent Callais	 
	 	 	 	 
		By:	 	 
	 	 	Name: Brian McLoone