Document:

Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AGREEMENT AND PLAN OF MERGER

This AGREEMENT AND PLAN OF MERGER (the "Merger Agreement"), is entered into effective as of February 26, 2016 or as soon thereafter as notice has been duly provided to the Financial Industry Regulatory Authority ("FINRA"), by and among Joey New York, Inc., a Nevada corporation ("Joey"), and Joey Merger Subsidiary, Inc., a Nevada corporation and a wholly-owned subsidiary of Joey ("Joey Sub").

WHEREAS, on the date hereof, Joey has authority to issue 1,500,000,000 shares of common stock, $0.001 par value per share (the "Joey Stock"), of which 69,885,134 shares are issued and outstanding and no shares of preferred stock are issued and outstanding;

WHEREAS, on the date hereof, Joey Sub has authority to issue 500,000,000 shares of common stock, $0.001 par value per share (the "Joey Sub Stock"), of which One (1) share is issued and outstanding and held by Joey, and 100,000,000 shares of preferred stock, of which no shares have been issued;

WHEREAS, the respective Boards of Directors of Joey and Joey Sub have determined that it is advisable and in the best interests of each of such corporations that Joey be merged with and into Joey Sub pursuant to §92A.180 of the Nevada General Corporation Law, under which Joey Sub would survive, and with each holder of shares of Joey Stock receiving one share of Joey Sub Stock (rounded up to the nearest whole share) in exchange for 200 shares of Joey Stock;

WHEREAS, the Boards of Directors of Joey and Joey Sub have approved this Merger Agreement, shareholder approval not being required pursuant to §92A.180 of the Nevada General Corporation Law;

WHEREAS, the parties hereto intend that the reorganization contemplated by this Merger Agreement shall constitute a tax-free reorganization pursuant to Section 368(a)(1) of the Internal Revenue Code;

NOW, THEREFORE, in consideration of the mutual agreements and covenants herein contained, Joey Sub, Joey, and PAC hereby agree as follows:

		(1)	Merger. Joey shall be merged with and into Joey Sub (the "Merger"), and Joey Sub shall be the surviving corporation (hereinafter sometimes referred to as the "Surviving Corporation"). The Merger shall become effective at 5:00 o'clock p.m. on February 26, 2016 or as soon thereafter as notice has been duly provided to the Financial Industry Regulatory Authority ("FINRA") (the "Effective Time").

		(2)	Succession. At the Effective Time, the separate corporate existence of Joey shall cease, and Joey Sub shall succeed to all of the assets and property (whether real, personal or mixed), rights, privileges, franchises, immunities and powers of Joey, and Joey Sub shall assume and be subject to all of the duties, liabilities, obligations and restrictions of every kind and description of Joey, including, without limitation, all outstanding indebtedness of Joey.

		(3)	Corporate Name.  At the Effective Time, the name of Joey Sub shall become "Joey New York, Inc.".

		(4)	Directors. The Directors of Joey immediately preceding the Effective Time shall be the Directors of the Surviving Corporation at and after the Effective Time until their successors are duly elected and qualified.

		(5)	Officers. The officers of Joey immediately preceding the Effective Time shall be the officers of the Surviving Corporation at and after the Effective Time, to serve at the pleasure of the Board of Directors of Joey Sub.

		(6)	Conversion of Securities. At the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, each 200 shares of Joey Stock issued and outstanding immediately prior to the Effective Time shall be changed and converted into and shall be one fully paid and non-assessable share of Joey Sub Stock, rounded up to the nearest whole share;

		(6)	Other Agreements. At the Effective Time, Joey Sub shall assume any obligation of Joey to deliver or make available shares of Joey Stock under any agreement or employee benefit plan not referred to in Paragraph 5 herein to which Joey is a party. Any reference to Joey Stock under any such agreement or employee benefit plan shall be deemed to be a reference to Joey Sub Stock and one share of Joey Sub Stock shall be issuable in lieu of each 200 shares of Joey Stock required to be issued by any such agreement or employee benefit plan, subject to subsequent adjustment as provided in any such agreement or employee benefit plan.

		(7)	Further Assurances. From time to time, as and when required by the Surviving Corporation, Joey Sub, or by its successors or assigns, there shall be executed and delivered on behalf of Joey such deeds and other instruments, and there shall be taken or caused to be taken by it all such further and other action, as shall be appropriate, advisable or necessary in order to vest, perfect or conform, of record or otherwise, in the Surviving Corporation, the title to and possession of all property, interests, assets, rights, privileges, immunities, powers, franchises and authority of Joey, and otherwise to carry out the purposes of this Merger Agreement, and the officers and directors of the Surviving Corporation are fully authorized, in the name and on behalf of Joey or otherwise, to take any and all such action and to execute and deliver any and all such deeds and other instruments.

		(8)	Certificates. At and after the Effective Time, all of the outstanding certificates which immediately prior thereto represented shares of Joey Stock shall be deemed for all purposes to evidence ownership of and to represent the shares of Joey Sub Stock, as the case may be, into which the shares of Joey Stock represented by such certificates have been converted as herein provided and shall be so registered on the books and records of Joey Sub and its transfer agent. The registered owner of any such outstanding certificate shall, until such certificate shall have been surrendered for transfer or otherwise accounted for to Joey Sub or its transfer agent, have and be entitled to exercise any voting and other rights with respect to, and to receive any dividends and other distributions upon, the shares of Joey Sub Stock, as the case may be, evidenced by such outstanding certificate, as above provided.

		(9)	Amendment. The parties hereto, by mutual consent of their respective boards of directors, may amend, modify or supplement this Merger Agreement prior to the Effective Time.

 

		(10)	The Certificate of Incorporation of the Surviving Corporation shall be the Certificate of Incorporation of Joey Sub, modified only by changing the name of the Surviving Corporation to Joey New York, Inc.

		(11)	Termination. This Merger Agreement may be terminated, and the Merger and the other transactions provided for herein may be abandoned, at any time prior to the Effective Time, whether before or after approval of this Merger Agreement by the board of directors of Joey and Joey Sub, by action of the board of directors of Joey if it determines for any reason, in its sole judgment and discretion, that the consummation of the Merger would be inadvisable or not in the best interests of Joey and its stockholders.

		(12)	Counterparts. This Merger Agreement may be executed in one or more counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement.

		(13)	Descriptive Headings. The descriptive headings herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Merger Agreement.

		(14)	Governing Law. This Merger Agreement shall be governed by and construed in accordance with the laws of the State of Nevada.

IN WITNESS WHEREOF, Joey and Joey Sub have caused this Merger Agreement to be executed and delivered as of the date first above.

JOEY NEW YORK, INC.

By:  /s/ Richard Roar                                     

Richard Roar, President

JOEY MERGER SUBSIDIARY, INC.

By:  /s/ Richard Roar                                      

Richard Roar, PresidentEX-4.1

 Exhibit 4.1 

GUARANTEE 
 THIS
INSTRUMENT by way of deed poll is executed on 8 May 2015 by SANTANDER UK plc (registered in England No. 2294747) whose registered office is at 2 Triton Square, Regent’s Place, London NW1 3AN (the
“Guarantor”) 
 WHEREAS: 

Abbey National Treasury Services plc, a company incorporated in England (number 2338548) whose registered office is at 2 Triton Square,
Regent’s Place, London NW1 3AN (“ANTS”), has requested the Guarantor and the Guarantor has agreed to guarantee payment of all Obligations (as hereinafter defined) in accordance with, and as limited by, the terms and
conditions of this Deed (this “Guarantee”). 
 NOW THEREOF the Guarantor hereby covenants and agrees as follows: 

 

	1.	 In this Guarantee, unless the context otherwise requires: 

 

			
		
	“Creditor”	  	 means any person (other than the Guarantor or any subsidiary of ANTS (as defined in section 1159 of the Companies Act 2006 (the “Act”)) or any
individual who is a connected person of ANTS (within the meaning of section 254 of the Act)) to whom an Obligation is from time to time owed.

		
	“Obligation”	  	 means any obligation or liability (whether actual or contingent or for the payment of any amount or delivery of any property) incurred by ANTS (whether as
principal or surety) to any person on or before 30 June 2017 (whether before or after the execution of this Guarantee) under or in respect of any dealing, transaction or engagement whatsoever, including without prejudice to the generality of the
foregoing, for:

		
		  	 (i)     any moneys lent, advanced or otherwise made available to ANTS (including, without
limitation to the generality of the foregoing, the liability of ANTS for drawing or issuing bills of exchange, promissory notes, bonds, debentures, certificates of deposit, commercial paper or other negotiable instruments or
securities);

		
		  	 (ii)     any moneys lent, advanced or otherwise made available to any person, the repayment or
payments in respect of which have been guaranteed by ANTS or in respect of which ANTS has given an indemnity (including, without limitation to the generality of the foregoing, guarantees and letters of credit issued by ANTS and bills of exchange or
other negotiable instruments accepted or endorsed by ANTS);

  
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		  	 (iii)      any moneys which any person shall pay or become liable to pay, for or on account of
ANTS, by reason of entering into or being party to any bond, indemnity, bill of exchange, guarantee, letter of credit or other engagement for the benefit or at the request of ANTS;

		
		  	 (iv)      deposits made with ANTS (including, without limitation of the generality of the
foregoing, certificates of deposit issued by ANTS);

		
		  	 (v)       any rate swap transaction, swap option, basis swap, forward rate transaction,
commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, collar transaction, floor transaction, currency swap transaction,
cross-currency rate swap transaction, currency option, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase transaction, reverse repurchase transaction,
buy/sell back transaction, securities lending transaction or forward purchase or sale of a security, commodity or other financial instrument or interest (including any option with respect to any such transactions) or any other derivative transaction
on one or more rates, currencies, commodities, equity securities or other equity instruments, debt securities or other debt instruments, indices, or measures of economic risk or value, in each case, to which ANTS is party (including, for the
avoidance of doubt, any obligation or liability under any master agreement that governs any such transactions);

		
		  	 (vi)      any such obligation or liability assumed under or incurred pursuant to any novation,
transfer, assignment or other similar agreement between ANTS and any other person;

		
		  	 (vii)     any obligation or liability under any transaction entered into by ANTS after 30 June
2017 as a result of the exercise of any right or option granted by or to ANTS on or prior to 30 June 2017; and

		
		  	 (viii)    any payments of interest due from ANTS with respect to any of the foregoing transactions
(whether or not the liability to pay such interest arises on or before 30 June 2017) together with all reasonable costs, commissions and other expenses incurred by any person in connection with the enforcement of this
Guarantee,

  
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		  	 but excluding:

 
 (a)
       any such obligations or liabilities of ANTS (including under any guarantee or indemnity given by ANTS) which by their terms are expressed (in whatever manner) to be conditional upon the solvency of ANTS or
subordinated to, or payable only after full satisfaction of, all or any obligations of ANTS to all or any of its unsubordinated creditors; and
  

(b)       any such obligations or liabilities of ANTS transferred to, or
assumed by, any other person whether pursuant to any novation or transfer or other similar agreement, any statutory transfer (pursuant to Part VII of The Financial Services and Markets Act 2000 or otherwise), any scheme of arrangement or
otherwise.

		
	“person”	  	 means any person, firm, trust estate, corporation, association, cooperative, government or government agency or other entity.

  

	2.       (a)	 The Guarantor hereby unconditionally and irrevocably guarantees, for the benefit of each Creditor, in accordance with the terms and conditions of
this Guarantee, the full payment or performance by ANTS when due (whether at stated maturity, upon acceleration or otherwise) of each and every Obligation and in the event that ANTS shall default in the due and punctual payment or performance of any
Obligation, undertakes to pay, or procure the payment of, such Obligation in the currency in which the particular Obligation is denominated in the case of a payment or perform, or procure the performance of such Obligation, upon written demand being
made under this Guarantee by the relevant Creditor. 

  

	 	(b)	 The Guarantor waives any right it may have of first requiring any Creditor to make demand, proceed or enforce any rights or security against ANTS
or any other person before making a claim against the Guarantor under this Guarantee. 

  

	3.	 A Creditor shall only be entitled to take or obtain the benefit of this Guarantee upon the condition that, after receipt by the Guarantor of a
written demand from the Creditor, the Guarantor shall be entitled to deal with the Creditor, and the Creditor shall be obliged to deal with the Guarantor with respect to the Obligation due to the Creditor and this Guarantee without the necessity or
duty to rely on, act through or otherwise involve or deal with ANTS to the intent that the Guarantor and the Creditor shall deal with one another as principals in relation to the same provided that the rights, powers, privileges and remedies of the
Creditor under this Guarantee shall not thereby be in any way limited or otherwise affected. 

  
 4 

  

	4.	 No delay or omission on the part of the Creditor in exercising any right, power, privilege or remedy (hereinafter together called
“Rights”) in respect of this Guarantee shall impair any such Rights or be construed as a waiver of any thereof nor shall any single or partial exercise of any such Rights preclude any further exercise of any other Rights. The Rights
herein provided are cumulative and not exclusive of any rights, powers, privileges or remedies provided by law. Nothing in this Guarantee shall be construed as voiding, negating or restricting any right of set-off or any other right whatsoever
existing in favour of a Creditor or arising at common law, by statute or otherwise howsoever. 

  

	5.	 This Guarantee is a continuing guarantee and shall not be satisfied, discharged or affected by any intermediate payment or settlement of account.

  

	6.	 The Guarantor will not exercise any rights of subrogation or any other rights or remedy (including, without limiting the generality of the
foregoing, the benefit of any security or right of set-off) which it may acquire due to its payment or performance of any Obligation pursuant to the terms of this Guarantee and will not prove in the liquidation of ANTS in competition with any
Creditor unless and until all Obligations in respect of the relevant Creditor hereby guaranteed have been satisfied in full by the Guarantor or ANTS. In the event that the Guarantor shall receive any payment on account of such rights while any
Obligation remains outstanding, the Guarantor shall pay all amounts so received to the relevant Creditor. 

  

	7.	 Payments hereunder shall be made free and clear of any deduction or withholding other than those required by law and in that event the Guarantor
shall pay such additional amount to the relevant Creditor as may be necessary in order that the actual amount received after all such deductions and withholdings shall equal the amount that would have been received if no such deduction or
withholding were required provided that the Guarantor shall not be obliged to pay any such additional amount which would not have been payable if the payment which is the subject of the withholding or deduction had been made by ANTS. If the
Guarantor makes a payment of an additional amount in compliance with its obligations under this paragraph and the Creditor determines that it has received or been granted a credit against or relief or payment of any tax paid or payable by it in
respect thereof the Creditor shall to the extent that it can do so without prejudice to the retention of the amount of such credit, relief or repayment pay to the Guarantor such amount as shall be attributable to such deduction provided that nothing
contained in this paragraph shall interfere with the right of any Creditor to arrange its tax affairs in whatsoever manner it thinks fit and, in particular, no Creditor shall be under any obligation to claim relief in respect of any such deduction
in priority to any other claims for relief available to it. 

  

	8.	 Any demand or notice hereunder shall be given in writing or by cable, telex or facsimile transmission addressed to the Guarantor or to the person
to or upon whom the demand is to be made or the notice served at the registered or principal office or last known place of abode of the Guarantor or of such person, as the case may be. A demand so made shall be deemed to have been duly made if left
at such address on the day it was so left or, if sent by post, two working days after the time when the same was put in the post and in proving delivery it shall be sufficient to prove that the same was properly addressed and put in the post. Any
such demand sent by cable, telex or facsimile transmission shall be deemed to have been duly made at the time of despatch. 

  

  
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	9.	 The liability of the Guarantor under this Guarantee shall not be affected by the liquidation, winding-up or other incapacity of ANTS. In the event
that any payment or delivery to a Creditor from ANTS in respect of an Obligation is avoided or reduced by virtue of any enactments for the time being in force relating to liquidation or insolvency of ANTS, the Creditor shall be entitled to recover
the value or amount thereof from the Guarantor as if such payment or delivery by ANTS had not been made. 

  

	10.	 This Guarantee shall remain in full force and effect irrespective of: 

 

	 	(a)	 the validity, regularity, legality or enforceability against ANTS of, or of any defence or counter-claim whatsoever available to ANTS in relation
to, any Obligation; 

  

	 	(b)	 whether or not any action has been taken to enforce any Obligation or any judgement obtained against ANTS or any other person;

  

	 	(c)	 whether or not the terms of any Obligation has been modified, supplemented, extended or restated in any way (in each case, however fundamental and
of whatsoever nature); 

  

	 	(d)	 whether or not any time or indulgence has been granted to ANTS or any other person by or on behalf of any Creditor; 

 

	 	(e)	 whether or not there have been any dealings or transactions between ANTS or any other person and any Creditor; 

 

	 	(f)	 whether or not ANTS or any other person has been dissolved, liquidated, merged, consolidated, become bankrupt or has changed its status, functions,
control or ownership; 

  

	 	(g)	 whether or not ANTS or any other person has been prevented from making payment by foreign exchange provisions applicable at its place of
registration or incorporation; and 

  

	 	(h)	 whether or not any circumstances have occurred which might otherwise constitute a legal or equitable discharge of or defence to a guarantor.

  

	11.	 This Guarantee shall remain in full force and effect in relation to an Obligation notwithstanding that it becomes due for payment or performance
after 30 June 2017. 

  

	12.	 In the event that any of the terms or provisions of this Guarantee are or shall become invalid, illegal or unenforceable, the remaining terms and
provisions hereof shall survive unaffected. 

  
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	13.	 The Guarantor shall be permitted from time to time and at any time to amend or vary the terms of this Guarantee PROVIDED THAT the liability of the
Guarantor to a Creditor in respect of any Obligation incurred before, or arising out of an Obligation entered into before, the date of such variation or amendment, shall not be in any way reduced or limited by such variation or amendment. Any person
shall be entitled to rely on a certificate given by a director or other duly authorised officer of the Guarantor as to the existence and extent of this Guarantee and any such variation and/or amendment of this Guarantee on entering into any dealing,
transaction or arrangement with ANTS under or in respect of which an Obligation would or might be incurred by ANTS to that person. 

  

	14.	 This Guarantee and any non-contractual obligations arising out of or in connection with this Guarantee are governed by, and shall be construed in
accordance with, the laws of England and the courts of England are to have exclusive jurisdiction to settle any disputes which may arise out of or in connection with this Guarantee (including in respect of any non-contractual obligations arising out
of or in connection with this Guarantee) and accordingly any suit, action or proceedings arising out of or in connection with this Guarantee (including in respect of any non-contractual obligations arising out of or in connection with this
Guarantee) shall be brought in such courts. 

 IN WITNESS whereof, this Guarantee has been executed as of the day and year first written
above. 
  

					
	 THE COMMON SEAL of
	  	 )    [SEAL]
	  	
	 SANTANDER UK PLC
	  	 )
	  	
	 was hereunto affixed
	  	 )
	  	
	 in the presence of:
	  	 )
	  	

			
	  
 /s/ Shaun Coles

 
 Shaun Coles
  

Company Secretary

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