Document:

exhibit10-1.htm

Exhibit 10.1

 

DOMAIN PURCHASE AGREEMENT 

 

This Agreement (the "Agreement") is made as of September 22, 2011 ("Effective Date") by and between Buckingham Exploration Inc. (the "Purchaser"), and Christopher Robin Relph (the "Seller"). 

 

RECITALS 

 

WHEREAS the Seller has owned for the past 10 years and currently owns all rights to a domain name entitled Buckingham.com (the “Domain Name”), as well as certain property rights associated with such Domain Name; 

 

AND WHEREAS the Domain Name has received a valuation from the Domain Name provider in excess of US$75,000; 

 

AND WHEREAS the Seller desires to sell to the Purchaser, and the Purchaser desires to purchase from the Seller, all rights, title and interest in such Domain Name and related property rights in consideration of US$10,000, upon the terms and subject to the conditions set forth in this Agreement. 

 

NOW THEREFORE, in consideration of the mutual agreements and covenants set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, it is hereby agreed between the parties as follows: 

 

AGREEMENT 

 

1. Sale of Domain Name and Related Property Rights

 

	1.1  	Seller hereby agrees to sell, assign, transfer and convey to Purchaser, and Purchaser hereby agrees to purchase and accept from Seller, all of Seller’s entire rights, title and interest in and to the Domain Name and related property rights, including, but not limited to, any and all associated trademarks, trade names, service marks and trademark rights; copyrights to designs, graphics, content, programming, database, email lists, forms, internal search engines and advertisements related to the Domain Name wherever they exist; and website and any and all internet traffic to the Domain Name and website (together with the Domain Name, the "Property").

    

2. Consideration 

 

2.1 In consideration for the sale of the Property to the Purchaser, the Purchaser shall pay to the Seller the sum of US$10,000 (the “Purchase Price”) upon execution of this Agreement. 

 

 

 

3. Covenants of the Parties

 

3.1 Upon completion of the transactions contemplated hereby, the Seller covenants to take any and all actions that are necessary or desirable to protect the Purchaser's title to the Property, including but not limited to, authorizing the change of registered ownership of the Domain Name with the authorized entity or registrar/registry. 

 

3.2 Within 10 days of the completion of the transactions contemplated hereby, the Seller covenants to transfer the Domain Name to the Purchaser’s preferred registrar and promptly attend to and satisfactorily complete all requests made by the losing and the gaining registrars and their agents relating to the transfer of the Domain Name.

 

3.3 Within 10 days of the completion of the transactions contemplated hereby, the Seller covenants to transfer to the Purchaser all documents, files, programs, designs, artwork, templates, folders, databases, search engines or other material, logins and passwords, guides and tutorials related to the Property and its website. 

 

3.4 The parties hereby covenant and agree to take all such further actions, and to execute and deliver all such other documents and instruments, and to mutually cooperate, as may be required in connection with the consummation of the transactions contemplated hereby. 

 

4. Representations and Warranties of the Parties 

 

	4.1  	Seller hereby represents and warrants that:
	 
	 	(a)  	to the best of his knowledge, Seller is the sole lawful owner of, and has good and marketable title to, the Property free and clear of any and all liens and encumbrances, and Seller has full legal right, power and authority to sell, assign and transfer the Property to the Purchaser;
	 
	 	(b)	the Seller is not aware of any third party claim to any right, title, or use of the Property;
	 
	 	(c)	no approval or authorization of, notification, filing or registration with, any government authority is required in connection with the execution and delivery of this Agreement by the Seller, and no consent or authorization of any person is required in connection with the execution of this Agreement or the transfer of the Property to the Purchaser;
	 
	 	(d)	Seller has not made any sale, pledge or other transfer of, and has not granted any rights or options to purchase or acquire all or any part of, the Property to any party other than the Purchaser;
	 
	 	(e)	Seller is not party to or engaged in any legal action, suit, investigation or other proceeding by or before any court, arbitrator or administrative agency and has no knowledge of any such threatened action in relation to the Property;

   

 

	 	(f)	this Agreement, when executed and delivered by the parties hereto, shall constitute a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms
	 
	4.2  	Purchaser hereby represents and warrants that:
	 
	 	(a)  	it has full power and authority to execute and deliver this Agreement and the instruments of transfer and other documents delivered or to be delivered pursuant hereto, and to consummate the transactions contemplated under this Agreement;
	 
	 	(b)	no approval or authorization of, filing or registration with, or notification to any governmental authority or other party is required in connection with the execution and delivery of this Agreement by the Purchaser;
	 
	 	(c)	the execution, delivery and performance of this Agreement has been duly and validly authorized by all necessary corporate action on the part of the Purchaser, and this Agreement, when executed and delivered by the parties hereto, shall constitute a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

    

5. Indemnity 

 

5.1 The Seller shall defend, indemnify and hold Purchaser, its directors, officers, employees, representatives and advisors harmless from and against any and all claims, damages, losses, liabilities, costs and expenses arising out or resulting from any breach of any representation or warranty made by the Seller hereunder, or failure by the Seller to carry out or perform any of his obligations or undertakings under this Agreement. 

 

5.2 The Purchaser shall defend, indemnify and hold Seller and his representatives and advisors harmless from and against any and all claims, damages, losses, liabilities, costs and expenses arising out or resulting from any breach of any representation or warranty made by the Seller hereunder, or failure by the Seller to carry out or perform any of his obligations or undertakings under this Agreement, and any claims asserted by third parties against the Seller relating to actions or operations by the Purchaser in the operation of the Property and made after transfer of the Property. 

 

5.3 The indemnified party shall promptly notify the indemnifying party in writing of any claim, demand, action or proceeding for which indemnification will be sought under Section 3.1 or 3.2.

 

6. Miscellaneous 

 

6.1 Seller and Purchaser may by mutual written agreement extend the time for the performance of any of the obligations, covenants or undertakings under this Agreement. 

 

 

6.2 Any waiver of any provision hereof shall not be construed as a waiver of any other provision nor a waiver of a subsequent breach of the same condition. The failure of any party to assert any of its rights hereunder shall not constitute a waiver of any of its rights hereunder.

 

6.3 No amendment of any term or condition under this Agreement shall be valid unless it is agreed in writing by both Purchaser and Seller.

 

6.4 This Agreement shall not be assigned by either party without the prior written consent of the other party.

 

6.5 There are no conditions to the effectiveness of this Agreement. This Agreement contains the entire Agreement and understanding of the parties hereto, and supersedes any prior agreements or understandings between or among the parties hereto, with respect to the subject matter hereof.

 

6.6 This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, successors, assigns, administrators, executors and other legal representatives.

 

6.7 This Agreement, and the rights of the parties hereto, shall be governed by, construed and enforced in accordance with the laws of the Province of British Columbia, Canada and the laws of Canada applicable therein. The parties hereby attorn to the jurisdiction of the courts of the Province of British Columbia in respect hereof.

 

6.8 This Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which together shall constitute one and the same agreement.

 

6.9 Time shall be of the essence hereof.

 

6.10 If any provision of this Agreement is determined to be invalid or unenforceable, any such invalidity or unenforceability will affect only that provision and will not make any other provision of this Agreement invalid or unenforceable and such provision shall be modified, amended or limited only to the extent necessary to render it valid and enforceable.

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

 

	 	Buckingham Exploration Inc.
	 	   
	/S/Christopher Robin Relph	 	By:  	/S/ Simon Eley	 
	Christopher Robin Relph	 	Name: Simon Eley
	 	 	Title: DirectorSETTLEMENT AGREEMENT AND MUTUAL RELEASE

 

This Settlement
Agreement and Mutual Release (“Settlement Agreement”) is entered into as of the  15th day of September, 2011, by
and between Plaintiff JOSEPH DURYEA (“Plaintiff” or “Duryea”) and Defendant SUPPORTSAVE SOLUTIONS,
INC. (“Defendant” or “SupportSave”). Duryea and SupportSave may be individually referred to herein as
“Party” and may be collectively referred to herein as “Parties.”

 

Recitals

 

A.Duryea was previously the President and an employee of
SupportSave. The employment relationship between the Parties was governed by a written Employment Agreement dated January 15, 2010
(the “Employment Agreement”), which is expressly incorporated herein by reference. The employment relationship ultimately
ended and various disputes have arisen between the Parties as it relates to severance payments allegedly due and stock compensation
awarded thereunder (the “Dispute”). As a result of these disputes, on June 27, 2011, Duryea filed a lawsuit against
SupportSave in the United States District Court for the District of Nevada, case number 2:11-cv-01054-GMN¬CWH alleging breach
of contract, breach of the covenant of good faith and fair dealing, tortious breach of contract, and fraud (the “Litigation”).

 

B.The Parties now desire
to resolve the above-referenced Dispute and Litigation, without the further expenditure of time or the expense of contested litigation,
as more fully set forth below. For these reasons, they have entered into this Settlement Agreement which is intended to fully and
finally resolve all controversies between and among the Parties, including but not limited to the claims asserted in the Litigation.

 

THEREFORE, in consideration
of the promises and covenants herein contained, and for other valuable consideration received, the sufficiency of which is hereby
acknowledged, it is mutually agreed, by and between the Parties hereto, and each of them, as follows:

 

1.Settlement Terms: SupportSave
agrees to pay the total amount of eighty-five thousand dollars ($85,000.00) (the “Settlement Funds”) as full and complete
settlement of the above referenced Dispute and Litigation, of which forty-five thousand dollars ($45,000.00) shall be paid by SupportSave
to Duryea upon execution of this Settlement Agreement by the Parties, and the remaining forty thousand dollars ($40,000.00) shall
be paid by SupportSave to Duryea in four (4) equal installments, payable on or before October 15, 2011, November 15, 2011, December
15, 2011, and January 15, 2012. There is no grace period allowed for these payments. All Settlement Funds shall be made via ACH
wire transfer.

 

SupportSave agrees that
any failure on its part to make timely installment payments of the Settlement Funds as outlined in Section 1 of this Settlement
Agreement will make the entire remaining balance of the Settlement Funds immediately due and payable and consents to immediate
entry of Judgment against it for the amount of the remaining balance of the Settlement Funds, subject to pre-judgment interest
from the date of the filing of the Complaint forward.

 

Duryea acknowledges that
SupportSave has not made, and is not making, any representation to him with respect to the taxability or non-taxability of the
payments set forth above. Duryea understands and agrees that he will be issued an IRS form 1099 as a result of payment to him as
set forth above and will be liable for, indemnify and hold SupportSave harmless from any and all taxes, withholding obligations,
penalties and interest that may be asserted against SupportSave by virtue of such payment.

 

2.SEC filing. SupportSave agrees
that it will use its best efforts to correct its SEC filing, and any other sites, to record that Duryea "resigned" from
his former position as the President of SupportSave, as opposed to having been "terminated" from said position.

 

3.Dismissal of Litigation. Upon
payment of the Settlement Funds in full, the Litigation will be dismissed with prejudice, and all claims against SupportSave will
be forgiven and released. Each Party shall bear its own attorneys’ fees and costs incurred in connection with the Litigation.

 

    	 

    	 

    

4.Releases.

 

(a)Duryea, on behalf of himself and
his agents, heirs, representatives, successors and assigns, agrees to fully release, acquit and forever discharge SupportSave,
its officers, directors, agents, employees, attorneys, owners, members, affiliates, predecessors, successors and assigns and all
past, present and future officers, directors, agents, employees, attorneys, owners, members, affiliates, successors, predecessors
and assigns, any one of them, or any combination of them, and anyone or any entity related thereto from all known or unknown, revealed
and concealed, contingent and non-contingent claims, actions, causes of action, and suits for damages, at law or in equity, filed
or otherwise, and all other claims whatsoever, in law or in equity, contract or tort, which Duryea ever had or now has against
any of the aforementioned, by reason of any matter that is related to or arising from the acts and events underlying or giving
rise to the Dispute, Litigation, and the claims asserted therein.

 

(b)SupportSave, on behalf of itself
and its agents, heirs, representatives, successors and assigns, agrees to fully release, acquit and forever discharge Duryea, his
agents, employees, attorneys, predecessors, successors and assigns and all past, present and future agents, employees, attorneys,
successors, predecessors and assigns, any one of them, or any combination of them, and anyone or any entity related thereto from
all known or unknown, revealed and concealed, contingent and non-contingent claims, actions, causes of action, and suits for damages,
at law or in equity, filed or otherwise that SupportSave ever had or now has against any of the aforementioned, by reason of any
matter that is related to or arising from the acts and events underlying or giving rise to the Dispute, Litigation, and the claims
asserted therein.

  

The Parties acknowledge
that this Settlement Agreement does not in any way eliminate or dispose of Duryea’s rights as a stockholder of SupportSave,
including but not limited to “put right” rights, “piggy back” rights, or “registration” rights
as defined in sections 6(C), 6(E), and 6(F) of the Employment Agreement, which is hereby expressly incorporated herein, and the
right to sue for any fraud related to the value of SupportSave stock occurring after the date this Settlement Agreement is executed,
and any such related rights remain in full effect and independent from this Settlement Agreement and the Parties specifically agree
that this Settlement Agreement is not intended as a release or waiver of such claims.

 

The Parties further acknowledge
that they may hereafter discover claims or facts in addition to or different from those which they now know or believe to exist
with respect to the subject matter of the Dispute, Litigation, or this Settlement Agreement and which, if known or suspected at
the time of the execution of this Settlement Agreement, may have materially affected their decision. Nevertheless, the Parties
hereby waive any rights, claim or cause of action that existed at the time of the execution of this Settlement Agreement. The Parties
acknowledge that they understand the significance and consequence of their release and the specific waiver of all known and unknown
claims.

 

5.Further Actions. The Parties
agree to take such further action and execute such additional documents as may be necessary to implement the terms and conditions
of this Settlement Agreement, including filing a Stipulation to dismiss the Litigation with prejudice.

 

6.No Admissions. Except as set
forth herein, this Settlement Agreement constitutes the compromise of disputed claims, shall not be interpreted as a reflection
of the merit or lack of merit of such claims, and is entered into for the sole purpose of avoiding the risk and expense of further
litigation. Nothing in this Settlement Agreement shall constitute an admission of any wrongdoing or liability by any of the Parties.

 

7.Confidentiality. The terms
and conditions of this Settlement Agreement shall be kept confidential and shall not be disclosed by any Party or their representatives
or agents in any manner except: a) any Party may disclose the terms and conditions of this Settlement Agreement to their professional
advisors, attorneys, accountants (internal and external), tax preparers, regulatory or taxing authorities, in house assistants,
or present or proposed corporate affiliates; b) SupportSave may disclose the terms and conditions of this Settlement Agreement
as it deems necessary for the conduct of its business; c) pursuant to court order issued by a court of competent jurisdiction;
d) pursuant to compulsory process; or e) to enforce this Settlement Agreement. Upon inquiry only, the Parties may publicly and/or
privately state that the matter has been resolved to the satisfaction of all concerned, but shall not disclose the terms or conditions
of this Settlement Agreement except as stated in this paragraph. 

    	2

    	 

    

 

8.Mutual Non-Disparagement

 

(a) Duryea agrees to refrain
from making any public statements (or authorizing any statements to be reported as being attributed to Duryea) that are critical,
derogatory or which disparage SupportSave for a period of 3 years from the date of this Settlement Agreement.

 

(b) SupportSave will not
make, and agrees to use its best efforts to cause the officers, directors and spokespersons of SupportSave to refrain from making,
any public statements (or authorizing any statements to be reported as being attributed to SupportSave), that are critical, derogatory
or which disparage Duryea, and SupportSave shall instruct such officers, directors and spokespersons to refrain from making such
statements for a period of 3 years from the date of this Settlement Agreement.

 

(c) It is understood and
agreed that SupportSave on the one hand, and Duryea on the other hand, if and to the extent they are a non-breaching party under
the Agreement, may respond to any detrimental, disparaging or generally negative statement by the other, or by officers, directors
and spokespersons of SupportSave, by publicly providing accurate information, and any such response will not be deemed to be a
breach of this Settlement Agreement.

 

(d) Each party hereto acknowledges
and agrees that each other party hereto will be irreparably harmed and that there may be no adequate remedy at law for a violation
of any of the covenants set forth in this Section 8. Therefore, in addition to and without limiting any other remedies that may
be available to any party hereto, upon any such violation or threatened violation, either Party will have the right to obtain injunctive
relief to restrain any breach or threatened breach or otherwise to specifically enforce the covenants set forth in this Section
8.

 

(e) Notwithstanding the
foregoing, nothing in this Section 8 or elsewhere in this Settlement Agreement shall prohibit any Party from making any statement
or disclosure required under the federal securities laws or other applicable laws.

 

9.No Oral Modifications. No
supplement, modification, waiver, or termination of this Settlement Agreement shall be binding unless executed in writing by the
party to be bound thereby.

 

10.Governing Law, Venue and Jurisdiction.
The validity, construction and interpretation of this Settlement Agreement shall be governed by the laws of the State of Nevada.
Any dispute arising from or related to this Settlement Agreement shall be litigated in the state or federal courts sitting in Clark
County, Nevada. The prevailing party shall be entitled to recover the actual attorneys’ fees and costs incurred in connection
with that litigation.

 

11.Binding Effect. This Settlement
Agreement shall be binding upon and shall inure to the benefit of the Parties, their representatives, heirs, estates, parent and
subsidiary entities, members, managers, shareholders, principals, affiliates, successors, officers, directors, partners, administrators,
trustees, receivers, agents, employees, executors, assigns, and all other persons and entities that could in any way have legal
responsibility for, or claim any rights through, any of them.

 

12.Assignment or Transfer of Claims.
Except as set forth herein, each party warrants and represents to the others that it has not assigned or transferred or purported
to assign or transfer any claim, demand or cause of action against any other party to any non-party. The Parties agree to hold
harmless and indemnify the other Parties from and against all claims arising out of any such assignment or transfer or purported
assignment or transfer.

 

13.Good Faith. This Settlement
Agreement is a settlement in good faith, with full knowledge of the relevant facts and circumstances. The Parties have carefully
read this Settlement Agreement in its entirety, conferred with their respective attorneys, know and understand the contents of
this Settlement Agreement, and sign the same as their own free act. Each of the Parties, through their respective counsel, was
involved in the preparation of this Settlement Agreement. Therefore, should a dispute arise regarding this Settlement Agreement
or the interpretation thereof, the presumption that it should be interpreted against the drafter shall not apply. 

    	3

    	 

    

14.Authority. Each of the Parties
represents and warrants to all the other Parties that the person signing this document on its behalf is duly authorized to execute
this Settlement Agreement on its behalf.

 

15.Signatures. This Settlement
Agreement may be executed in any number of counterparts, each of which when duly executed and delivered shall be an original, but
all such counterparts shall constitute one and the same agreement. Any signature page of this Settlement Agreement may be detached
from any counterpart without impairing the legal effect of any signatures, and may be attached to another counterpart, identical
in form, but having attached to it one or more additional signature pages. Signatures exchanged by facsimile or by .pdf format
shall be deemed original signatures.

 

This Settlement Agreement
shall become effective upon execution by all Parties and time is of the essence.

 

DATED this 15th  day
of September, 2011.

 

/s/ Joseph Duryea

JOSEPH DURYEA

 

DATED this 15th day
of September, 2011.

 

SUPPORTSAVE SOLUTIONS, INC.

 

By: /s/ Christopher Johns

 

Its: CEO

 

 

 

	
        Approved as to Form and Content:

         

        MCDONALD CARANO WILSON LLP

          

        By: /s/ Jacquelyn Leleu

        JACQUELYN LELEU, ESQ.

        2300 W. Sahara Ave., Suite
        1000

        Las Vegas, NV 89102

        (702) 873-4100 (Telephone)

         

        Attorneys for SUPPORTSAVE

         
	
        Approved as to Form and Content:

         

        ALVERSON TAYLOR MORTENSEN & SANDERS

         

        By: /s/ Shirley Blazich

        SHIRLEY BLAZICH, ESQ.

        7401 W. Charleston Blvd.

        Las Vegas, NV 89117-1401

        (702) 384-7000 (Telephone)

         

        Attorneys for DURYEA

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]