Document:

Volcan Holdings, Inc.: Exhibit 10.9 - Prepared by TNT Filings Inc.

STOCK PURCHASE AGREEMENT 

          THIS
STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of September 12,
2008, is made by and between Volcan Holdings, Inc., a Delaware corporation
(“Seller”), and Gregory Paul Byrne (the “Buyer”). 

RECITALS 

          A.     
Seller owns all of the issued and outstanding common stock (the “Shares”)
of Dunn Mining Holdings, Inc., a Delaware corporation (the “Company”),
which Shares constitute, as of the date hereof, all of the issued and
outstanding capital stock of the Company. 

          B.      Buyer
holds 24,691,358 shares of common stock, $0.001 par value per share, of Seller
(the “Purchase Price Shares”), and Buyer has agreed to transfer such
shares back to Seller for cancellation (the “Repurchase”). 

          C.      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. 

          Accordingly,
the parties hereto agree as follows: 

          1.      Purchase
and Sale of Stock.

                    
(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. 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 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. 

          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 is within the corporate powers and has 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.

                    
(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
certificate 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 is
financially able to bear the economic risks of acquiring an interest in the
Company and the other transactions contemplated hereby, and has no need for
liquidity in this investment. Buyer has 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 is acquiring the Shares solely for his
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 has 

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(i) received all the information he has 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 he has 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 him 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
understands that any resale of the Shares by him 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: 

          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(1) 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
understands that the Shares are being sold to him pursuant to the exemption from
registration contained in Section 4(1) of the Securities Act and that Seller is
relying upon the representations made herein as one of the bases for claiming
the Section 4(1) 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 

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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. 

          5.      Indemnification
and Release.

                    
(a)      Indemnification. Buyer covenants and
agrees to jointly and severally 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 by and between Seller and Volcan Australia Corporation Pty Ltd,
an Australian proprietary company (the “Exchange”), including, without
limitation, any amounts due or owing to any former officer, director or
Affiliate of Seller, (v) the conduct and operations of the business of the
Company whether before or after the Closing, (vi) claims asserted against the
Company whether arising before or after the Closing, 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 Exchange or with
respect to the Company after the 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 

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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. 

                              
(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 has 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
himself and his Related Parties, hereby release and forever discharges 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 his
Related Parties now have or have ever had against any Releasee. Buyer hereby
irrevocably covenants 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 holds a Material Interest or (iii) any Person
with respect to which Buyer serves as a general partner or a trustee (or in a

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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. 

          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. 

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               (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. 

                              
(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 Delaware. 

                    
(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. 

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(i)      Notices. Any notice, request or other
communication hereunder shall be given in writing and shall be served either
personally, by overnight delivery or delivered by mail, certified return receipt
and addressed to the following addresses: 

	 	(a) 	
      If to Buyer:

	 	 	 
	 		
      Gregory Paul Byrne

	 		
      9867 Okanagan Centre Road West 
Lake Country, British
      Columbia, Canada

	 	 	 
	 	(b)	
      If to Seller:

	 	 	 
	 		
      Volcan Holdings, Inc. 
Level 34, 50 Bridge Street
      
Sydney, 2000 Australia 
Attention: Pnina Feldman

	 	 	 
	 		
      With a copy to:

	 	 	 
	 		
      Haynes and Boone, LLP

	 		
      1221 Avenue of the Americas, 26th Floor
      
New York, New York 10020 
Attention: Rick A. Werner,
  Esq.

[Signature Page Follows]

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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. 

VOLCAN HOLDINGS, INC. 

By:/s/ Pnina Feldman

       Name: Pnina Feldman

       Title: President 

 

/s/Gregory P. Byrne 
Gregory
Paul ByrneVolcan Holdings, Inc.: Exhibit 10.10 - Prepared by TNT Filings Inc.

RESIGNATION 

          I,
Gregory Paul Byrne, hereby resign from all officer and director positions that I
hold with Volcan Holdings, Inc. and any of its direct or indirect subsidiaries,
except for Dunn Mining Holdings, Inc., effective immediately. 

/s/ Gregory P. Byrne

Gregory Paul Byrne 

Dated: September 12, 2008

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