Document:

Exhibit 10.2

 

MUTUAL GENERAL RELEASE AND SETTLEMENT AGREEMENT

 

This Mutual Release and Settlement
Agreement (the “Agreement”) is made and entered into by and between LNPR Group Inc., a Colorado corporation (the “Company”),
on the one hand, and the party included and named on the signature page hereto (the “Shareholder”), on the other hand,
as follows. Each of the Company and the Shareholder, a “Party,” and, together, the “Parties.”

 

RECITALS

 

WHEREAS, on January 14, 2019,
Joseph Grimes was appointed as an officer and director of the Company;

 

WHEREAS, on January 29, 2019,
the Company entered into an agreement with Mr. Grimes (the “Grimes Agreement”) pursuant to which Mr. Grimes would sell
to the Company certain intellectual property owned by Mr. Grimes in exchange for Twenty-Five Million (25,000,000) shares of the Company’s
Common Stock (the “Grimes Shares”) (a copy of the Grimes Agreement has been attached as Exhibit A hereto);

 

WHEREAS, on March 4, 2020,
at Mr. Grimes’ direction, the Company issued the Grimes Shares to the individual and/or entity in the amount stated below:

 

·                 
22,000,000 shares to Bodhisattva Investment Group (an entity controlled by Mr. Grimes).

 

WHEREAS, on April 20, 2021,
Mr. Grimes resigned from all positions within the Company; and

 

WHEREAS, the Shareholder wishes
to cancel previously-issued shares (except as provided herein).

 

AGREEMENT

 

NOW, THEREFORE, for and in
consideration of the execution of this Agreement and the terms and mutual covenants contained herein, the Company and the Shareholder,
intending to be legally bound, enter into this Agreement as follows:

 

1.            
Payment of Consideration by the Company to Mr. Grimes and Share Cancellations. In exchange for and in consideration of the Shareholder’s
releases of all possible claims pertaining to the Grimes Agreement and the Grimes Shares, the Company shall allow Mr. Grimes to retain
Three Hundred and Fifty Thousand (350,000) of the Twenty-Two Million (22,000,000) shares that were previously issued to Bodhisattva Investment
Group on March 4, 2020 and are currently held by such entity. The remainder of the Grimes Shares shall be cancelled by the Company’s
transfer agent.

 

2.            
General Release by the Shareholder. Upon execution of the Agreement, the Shareholder, on behalf of the Shareholder and its respective
affiliates, agents, employees, officers, directors, parents, clients, attorneys, representatives, advisors, heirs, executors, administrators,
predecessors, successors, insurers, accountants, investment advisors, or anyone acting on their behalf (the “Shareholder Parties”)
hereby generally release the Company and their respective affiliates, agents, employees, officers, directors, parents, clients, attorneys,
representatives, advisors, heirs, executors, administrators, predecessors, successors, investment funds, insurers, accountants, investment
advisors, or anyone acting on their behalf (the “Company Parties”) from and against any and all claims, known or unknown,
whether asserted or not, that the Shareholder Parties may have had against the Company Parties from the beginning of time until the date
of execution of the Agreement. For the avoidance of doubt, the Shareholder Parties are not releasing the Company Parties from any obligations
or duties owed under this Agreement.

 

 

 

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3.           
Non-Disparagement. The Parties agree that they will not disparage or make any derogatory remarks about the Shareholder Parties or
the Company Parties, respectively.

 

4.            
Attorneys’ Fees and Costs. The Parties each agree to bear their own costs and attorneys’ fees in connection with this
Agreement and the other agreements and transactions contemplated hereby.

 

5.            
Governing Law. The validity, construction, interpretation, performance and enforcement of this Agreement, and all disputes arising
out of this Agreement, shall be governed by Colorado law without regard to choice of law or conflicts of law principles.

 

6.            
Venue for Claims. The Parties agree that any claims brought by any Party relating to or arising out of the Agreement shall be brought
in the State of Colorado.

 

7.            
Integration Clause. This Agreement constitutes and embodies the full and final agreement and understanding between the Parties with
regard to the subject matter hereof, and supersedes all prior agreements, understandings, negotiations, representations and discussions
regarding the same (including the Memorandum of Understanding dated April 21, 2021). The Parties all acknowledge that there are no representations,
promises, warranties, conditions or obligations of the Parties not contained herein, and that the Parties have not executed this Agreement
in reliance on any other representation, promise, warranty, condition or obligation.

 

8.            
Construction. Each Party and their respective counsel have taken part in the drafting and preparation of this Agreement, and therefore
any ambiguity or uncertainty in this Agreement shall not be construed against any Party to it. To ensure the Agreement is not construed
against any Party, the Parties expressly agree that any common law or statutory provision providing that an ambiguous or uncertain term
will be construed against the drafting Party is waived and shall not apply to the construction of this Agreement.

 

9.            
No Oral Modifications. This Agreement may only be further modified, amended or supplemented by a subsequent writing executed by the
Parties.

 

10.          
Authority to Execute. Each person whose signature appears on this Agreement warrants and guarantees that he, she, or it has been duly
authorized and has full authority to execute this Agreement on behalf of the entity for which his or her signature appears.

 

11.          
Voluntary Execution. The Parties acknowledge that they have executed this Agreement voluntarily and without any duress or undue influence.
The Parties further each acknowledge that they: (a) have had the opportunity to be represented and advised by counsel of their own choice
in connection with the negotiation and execution of this Agreement; (b) have read this entire Agreement; (c) have had the opportunity
to have this Agreement explained to them by counsel of their choice; and (d) have executed this Agreement solely on the basis of advice
of their own counsel of choice and on the basis of their own independent investigation of the facts, laws and circumstances material to
this Agreement. The Shareholder expressly acknowledges that Business Legal Advisors, LLC, has not provided representation to it in connection
with this Agreement or the transactions contemplated hereby.

 

12.         
Disclosure. This Agreement or its terms may only be disclosed if such disclosure is required: (a) in response to an order or subpoena
of a court of competent jurisdiction or as required by law, in which event immediate written notice shall be given to all other Parties
sufficiently prior to production to permit a challenge to any such order/subpoena; (b) in response to an inquiry or order issued by a
state or federal agency of competent jurisdiction, in which event immediate written notice shall be given to all other Parties; (c) to
the Parties’ respective legal, tax and financial advisors, (d) to the extent necessary to report to appropriate regulatory authorities
and in other related dealings with regulatory authorities; (e) to the extent necessary to report income to appropriate taxing authorities
and in other related dealings with taxing authorities; (f) by the Company, as a public company, by public disclosure of the Agreement
and the terms of the Agreement, or (g) in connection with any litigation/arbitration between any of the Parties hereto regarding enforcement
or interpretation of this Agreement.

 

 

 

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13.          
Further Documents. The Parties shall execute any and all documents that may be reasonably necessary to effectuate the terms of this
Agreement, including but limited to the following:

 

		a.	Hold Harmless - Recission document executed by the Shareholder, attached hereto as Exhibit B.

 

14.          
Return of Original Share Certificates and Payment of Transfer Agent Fees. Along with the documents referenced in Section 13 above,
the Shareholder shall return the original share certificate to the transfer agent (if any). The Company shall be responsible for all fees
associated with each share cancellation ($25 per each share cancellation).

 

15.          
Binding on Successors and Assigns. The terms, covenants, conditions and provisions of this Agreement shall be binding upon and inure
to the benefit of the Parties and their respective successors, predecessors, executors, trusts, guardians ad litem, agents, representatives,
heirs, affiliated corporations and entities, and assigns.

 

16.          
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which together
shall constitute one and the same instrument.

 

17.          
Effectiveness. This Agreement shall become effective and binding immediately upon its execution by all signatories.

 

[Signature Page to Follow]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, each of
the Parties hereto has caused this Mutual Release and Settlement Agreement to be executed and delivered on the respective day and year
set forth below.

 

	THE COMPANY	LNPR Group Inc.
	 	 
	 	 
	 	 
	Date: November 29, 2021	By:	/s/ Paul Falconer
	 	Paul Falconer, CEO
	 	 
	THE SHAREHOLDER:	 
	 	 
	 	Bodhisattva Investment Group
	 	 
	 	 
	 	 
	Date: November 29, 2021	/s/ Joseph Grimes
	 	Joseph Grimes, Owner

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT A

 

Asset Purchase Agreement dated January 29, 2019

 

[To Be Attached]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT B

 

Hold Harmless – Recission

 

[To Be Attached]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	6Exhibit 10.3

 

SHARE CANCELLATION AGREEMENT AND RELEASE

 

This SHARE CANCELLATION AGREEMENT
(the “Cancellation Agreement”) is made and entered into as of the 2nd day of December, 2021 (the “Effective
Date”), by and between LNPR Group Inc., a Colorado corporation (the “Company”), and Christophe Martino, an individual
(the “Stockholder”).

 

WHEREAS, on March 6, 2019,
the Company and the Stockholder entered into an agreement (the “Agreement”), pursuant to which the Company issued to
the Stockholder two hundred thousand (200,000) shares (the “Shares”) of the Company’s Common Stock (“Common
Stock”);

 

WHEREAS, the Company and Stockholder
desire to cancel and terminate the Shares and any and all of the Stockholder’s rights arising thereunder;

 

WHEREAS, in exchange for Stockholder’s
agreement to cancel and terminate Stockholder’s rights under or arising out of the Shares, the Company agrees to release the Stockholder
from any liability under the Agreement as set forth herein; and

 

WHEREAS, the Board of Directors
of the Company has approved the terms of this Cancellation Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants contained herein and other good and valuable consideration, the sufficiency of which are hereby acknowledged,
the parties to this Cancellation Agreement mutually agree as follows:

 

		1.	CANCELLATION OF COMMON STOCK

 

1.1           
Cancellation of Common Stock. Effective as of the Effective Date, in exchange for the consideration provided in Section
1.2 hereof, the Stockholder agrees to waive any rights under the terms of the Agreement with respect to the Shares, which waiver the
Stockholder understands and acknowledges shall include, without limitation, cancellation of the Shares.

 

1.2           
Release of Liability. In exchange for the Stockholder’s agreement to cancel and terminate the Shares as set forth
in Section 1.1 the Company hereby agrees to unconditionally and irrevocably compromise, settle, remise, acquit and fully and forever
release and discharge the Stockholder and its successors, assigns, affiliates, directors, officers, employees and agents (collectively,
the “Stockholder Released Parties”) from any and all claims, counterclaims, set-offs, debts, demands, choses in action,
obligations, remedies, suits, damages and liabilities in connection with any rights arising under or in connection with the Agreement,
whether now known or unknown or suspected or claimed, whether arising under common law, in equity or under statute, which the Company
or the Company’s successors or assigns ever had, now have, or in the future may claim to have against the Stockholder Released Parties
and which may have arisen at any time on or prior to the date hereof.

 

1.3           
Release. The Stockholder, for Stockholder and Stockholder’s successors and assigns forever, does hereby unconditionally
and irrevocably compromise, settle, remise, acquit and fully and forever release and discharge the Company and its successors, assigns,
affiliates, directors, officers, employees, attorneys, and agents (collectively, the “Company Released Parties”) from
any and all claims, counterclaims, set-offs, debts, demands, choses in action, obligations, remedies, suits, damages and liabilities in
connection with any rights arising under or in connection with the Agreement and the Shares, whether now known or unknown or suspected
or claimed, whether arising under common law, in equity or under statute, which the Stockholder or the Stockholder’s successors
or assigns ever had, now have, or in the future may claim to have against the Company Released Parties and which may have arisen at any
time on or prior to the date hereof.

 

 

 

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1.4           
Deliveries. On the Effective Date, the Stockholder shall deliver to the Company the original stock certificate evidencing
the Shares. The Company shall cancel and render such stock certificate void.

 

1.5           
Further Assurances. Each party to this Cancellation Agreement agrees that it will perform all such further acts and execute
and deliver all such further documents as may be reasonably required in connection with the consummation of the transactions contemplated
hereby in accordance with the terms of this Cancellation Agreement.

 

		2.	MISCELLANEOUS

 

2.1           
Captions. The captions used in this Cancellation Agreement are for reference purposes only, and shall not in any way affect
the meaning or interpretation of this Cancellation Agreement.

 

2.2           
Parties in Interest. This Cancellation Agreement shall be binding upon and shall inure to the benefit of the parties to
this Cancellation Agreement and their respective heirs, executors, administrators, successors and assigns.

 

2.3            
Acknowledgements. The Stockholder acknowledges that Stockholder has been advised by the Company to consult with the Stockholder’s
tax advisor to determine the tax consequences with respect to the Stockholder of the actions and agreements provided herein, and that
the Company shall not be responsible for any taxes owed by the Stockholder arising from the actions and agreements provided herein.

 

2.4           
Execution. This Cancellation Agreement may be executed in two (2) or more counterparts, all of which taken together shall
constitute one (1) instrument. The exchange of copies of this Cancellation Agreement and of signature pages by electronic transmission
shall constitute effective execution and delivery of this Cancellation Agreement as to the parties and may be used in lieu of the original
Cancellation Agreement for all purposes. Signatures of the parties transmitted by facsimile shall be deemed to be their original signatures
for any purpose whatsoever.

 

2.5           
Entire Agreement. This Cancellation Agreement contains the entire understanding of the parties to this Cancellation Agreement
with respect to the subject matter contained herein. This Cancellation Agreement supersedes all prior agreements and understandings among
the parties with respect to such subject matter.

 

2.6           
Governing Law. This Cancellation Agreement shall be governed and construed in accordance with the substantive laws of the
State of Colorado, without regard to its principles of conflict of laws.

 

2.7           
Jurisdiction and Venue. Any judicial proceedings brought by or against any party on any dispute arising out of this Cancellation
Agreement or any matter related thereto shall be brought in the state or federal courts of Colorado, and, by execution and delivery of
this Cancellation Agreement, each of the parties accepts for itself the exclusive jurisdiction and venue of the aforesaid courts as trial
courts, and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Cancellation Agreement after exhaustion
of all appeals taken (or by the appropriate appellate court if such appellate court renders judgment).

 

[Signature Page Follows]

 

 

 

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IN WITNESS WHEREOF, the parties
to this Cancellation Agreement have executed this Cancellation Agreement as of the Effective Date.

 

 

COMPANY:

 

LNPR GROUP INC.,

a Colorado corporation

 

	By:	 /s/ Paul Falconer	 
	 	Paul Falconer, Chief Executive
Officer	 

 

STOCKHOLDER:

 

Christophe Martino,

An individual

 

 

	By:	 /s/ Christophe Martino	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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