Document:

Unassociated Document

    

    STOCK PURCHASE
AGREEMENT

    

    This
AGREEMENT is made as of April 30, 2010 by and between Fusion Capital Investments
Corp. ("Purchaser") and CX2 Technologies, Inc. (the “Company”), collectively
“the Parties”, with respect to the purchase and sale of the Acquired Shares (as
hereinafter defined).

    

    WITNESSETH:

    

    WHEREAS,
the Company desires to sell, and Purchaser desires to acquire an
aggregate of the majority of  the issued and outstanding shares of the
common stock of the Company, $0.001 par value per share (the “Common
Stock”),  consisting of not less than 51% of what will be ,at the time
of Closing, the issued and outstanding shares of the Common Stock (the “Acquired
Shares”);

    

    WHEREAS,
the parties have entered into that certain Letter of Intent (the “LOI”)
effective as of March 30, 2010 pursuant to which the parties agreed, inter
alia, to negotiate for the acquisition of such Common Stock in exchange
for the Purchase Price (as hereinafter defined);

    

    WHEREAS,
the Parties desire to consummate the acquisition upon the terms and
conditions  set forth herein;

    

    NOW,
THEREFORE, in consideration of the promises and the mutual covenants and
agreements hereinafter contained in this Agreement and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereto hereby AGREE
as
follows:

    

    1. SALE
AND PURCHASE OF THE SHARES. The Company hereby sells and Purchaser hereby
purchases from the Company, 29,000,000 shares of the Common Stock as outlined
below:

    

    A.  PURCHASE
PRICE FOR THE SHARES. The Purchase Price for the Shares
shall  be:

    

    (i) Fifty
Five Thousand One Hundred Dollars ($55,100) in cash to be paid to the Company as
follows:

    

    (a)
$25,100.00 upon the full execution of this Agreement; and

    

    (b) the
remaining $30,000.00 at Closing (as hereinafter defined); and

    

    (c) All
legal fees related to the LOI and the preparation, negotiation and Closing of
this Agreement (the “Legal Fees”).

    

    2. REPRESENTATIONS AND
WARRANTIES

    

    2.1 REPRESENTATIONS OF THE
COMPANY.

    The
Company represents and warrants that:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (i) The
Company has all requisite power, authority and legal capacity to execute and
deliver this Agreement and  other agreements, documents or instruments
or certificates contemplated by this Agreement or to be executed by the Company
in connection with the consummation of the transaction(s), including the
issuance of the Common Shares, contemplated by this Agreement.

    

    (ii) This
Agreement  has been duly and validly executed and delivered by the
Company and constitute legal, valid and binding obligations of the Company,
enforceable in accordance with their respective terms and subject to applicable
laws.

    

    2.2 REPRESENTATIONS
OF THE PURCHASER.
Purchaser represents and warrants that:

    

    (i)
Purchaser has all requisite power, authority and legal capacity to execute and
deliver this Agreement and each other agreement, document or instrument or
certificate contemplated by this agreement or to be executed by Purchaser in
connection with the consummation of the transactions contemplated by this
Agreement.

    

    (ii) The Purchaser
is a sophisticated and accredited investor and has gotten all the information it
needs in order to consummate the purchase of the Shares.

    

    (iii)
This Agreement and each of the ancillary documents, including the LOI Agreement,
has been duly and validly executed and delivered by Purchaser and constitutes
legal, valid and binding obligation of the Purchaser, enforceable in accordance
with their respective terms and subject to applicable laws.

    

    
      	
                
      3

            	
              OTHER
      NEGOTIATIONS. The Company agrees that, prior to the Closing Date,
      it will not, directly or indirectly, through any representative or
      otherwise, solicit offers from, or in any manner encourage any proposal
      from any other person relating tothe sale of all or substantially all of
      the assets, business, or equity ownership of the Company to be purchased
      by Purchaser.

            

    

    

    
      	
                
      4

            	
              EXECUTION
      AND CLOSING. A closing (the “Closing”) shall take place upon the
      successful completion of the
financials.

            

    

     

    
      	
                
      5

            	
              CONFIDENTIALITY.
      The Parties hereto shall agree on the language for any public
      disclosure of: (i) the existence of this Agreement, or (ii) its economic
      or other implications to any Party or their interests. Any confidential
      information or trade secret a Party obtains pursuant to the transaction
      contemplated herein shall not be disclosed to any third party without the
      prior written consent of the other Parties
  hereto.

            

    

    

    
      	
              

                  
      6

              

            	
              ASSIGNMENT.
      No Party may assign its rights or delegate its obligations herein without
      the express written consent of the other
  Parties.

            

    

    

    
      	
                
      7

            	
              NO
      WAIVER; SEVERABILITY. No waiver of any provision of this Agreement
      shall be deemed a waiver of any other provision, or constitute a
      continuing waiver. The terms and conditions set forth in this Agreement
      are each deemed separate and independent, and if any such covenant or
      agreement is determined by any court of competent jurisdiction to be
      invalid the remaining provisions shall continue in full force and
      effect.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              

                  
      8

              

            	
              HEADINGS.
      The headings in this Agreement are for convenience of reference
      only and will not alter or otherwise affect the meaning of this
      Agreement.

            

    

    

    
      	
              

                  
      9

              

            	
              COUNTERPARTS.
      The Agreement may be executed in any number of counterparts, each
      of which when so executed and delivered shall be deemed an original, and
      each such counterpart taken together shall constitute one and the same
      instrument.

            

    

    

    
      	
              

                  
      10

              

            	
              NO
      MODIFICATION. This Agreement may not be amended or modified except
      by a written agreement signed by all
Parties.

            

    

    

    
      	
              

                  
      11

              

            	
              ATTORNEY’S
      FEES. In the event of any court proceeding to enforce the terms
      hereof or of any dispute hereunder, the prevailing party in such
      proceeding and/or dispute shall be entitled to recover its expenses
      associated therewith including, without limitation, reasonable attorney‘s
      and paralegals’ fees and costs through and including all trial and
      appellate levels and post-judgment
proceedings.

            

    

    

    
      	
              

                  
      12

              

            	
              ENTIRE
      AGREEMENT. This Agreement constitutes the entire
      agreement    between the Parties hereto with respect
      to the subject matter hereof and supersedes all prior agreements,
      understandings and arrangements, both oral and written, between the
      parties hereto with respect to such subject
  matter.

            

    

    

    
      	
              

                   13

              

            	
              NOTICES.

            

    

    All
notices and other communications given or made pursuant to this Agreement shall
be in writing and shall be deemed effectively given:

    

    (i) upon
personal delivery to the party to be notified,

    

    (ii) when
sent by confirmed electronic mail or facsimile if sent during normal business
hours of the recipient, and if not so confirmed, then on the next business
day,

    

    (iii)
five (5) days after having been sent by registered or certified mail, return
receipt requested, postage prepaid, or

    

    (iv) one
(1) day after deposit with a nationally recognized overnight courier, specifying
next day delivery, with written verification of receipt. All communications
shall be sent:

    

    If
to Purchaser: Fusion Capital Investments Corp.

    999
Brickell Avenue

    Miami, FL
33131

    Fax
No.: (305) 416-4454

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    If
to the Company: CX2 Technologies, Inc.

    3700
Airport Road, Suite 410B

    Boca
Raton, Florida 33431

    Fax
No.: (561) 347-9219

    

    or to
such other address as may have been furnished to any of the Parties, as the case
may be.

    

    
      	
              

                  
      14

              

            	
              GOVERNING
      LAW. The agreement evidenced by signature of this Agreement by all
      Parties (the “Agreement”) is made in Florida under, and shall be construed
      in accordance with, the internal laws of the State of Florida without
      resort to Florida’s conflict of law provisions. Any and all proceedings
      which shall arise between the Parties regarding this Agreement shall be
      held in Miami-Dade County, Florida.

            

    

    

    
      	
              

                  
      15

              

            	
              SUCCESSORS
      AND ASSIGNS; THIRD PARTY RIGHTS. This Agreement shall be binding
      and inure to the benefit of the parties hereto and their respective heirs
      and legal representatives. No party may assign his rights hereunder.
      Except as otherwise provided in this Agreement, nothing shall be deemed to
      create any right with respect to any person or entity not a party to this
      Agreement.

            

    

    

    
      	
              

                   16

              

            	
              FURTHER
      ASSURANCES. Each of the parties hereto agrees, at any time and from
      time to time, upon the reasonable request of the other party, to perform,
      execute, acknowledge and deliver all such further acts, deeds,
      assignments, conveyances, instruments or powers of attorney as may be
      necessary or appropriate to carry out the provisions of this
      Agreement.

            

    

    

    
      	
              

                  
      17

              

            	
              AUTHORITY
      TO BIND. Each of the parties has read and understands the contents
      of this Agreement and is empowered and duly authorized on behalf of that
      party to execute it.

            

    

    

    IN
WITNESS WHEREOF, the parties hereto have set their hands as of the
date

    first
above written.

     

    
      
        	 	PURCHASER	 	 	 	 
	 	 	 	 	 	 
	 	FUSION CAPITAL INVESTMENTS
      CORP.	 	 	 	 
	 	By: 
      	
                /s/
      Raimundo Dias

              	 	 	
              	 
	 	Name:  
      	
                Raimundo
      Dias

              	 	 	
              	 
	 	Title:
      	
                President

              	 	 	
              	 

      

    

    
       

      
        
          	 	

                  CX2
      TECHNOLOGIES, INC.

                	 	 	 	 
	 	 	 	 	 	 
	 	
                	 	 	 	 
	 	By: 
      	
                  /s/
      Lester Hahn

                	 	 	
                	 
	 	Name:  
      	
                  Lester
      Hahn

                	 	 	
                	 
	 	Title:
      	
                  PresidentPEERLESS
CONSULTING SERVICES AGREEMENT

    

    This
Consulting Services Agreement (the “Agreement”) is entered into as
of December 1, 2008, (“Effective Date”) by and
between Peerless Systems Corporation, having its principal place of business at
2381 Rosecrans Avenue, El Segundo, CA 90245 (“Peerless”) and Jeffrey Wald,
having his principal place of business at 175 East 96th Street,
Apartment 285, New York, NY 10128 ("Consultant").

    

    THE
PARTIES HEREBY AGREE:

    

    
      	
              1.

            	
              Scope of
      Agreement.

            

    

    

    During the term of this Agreement,
Consultant will perform services for Peerless as outlined in the Work
Authorization in the form of Appendix
A attached hereto and incorporated by reference herein. This Agreement
comprises the contract between Peerless and Consultant.  References
throughout this Agreement to "Peerless" shall mean Peerless Systems Corporation,
and all of its subsidiary and affiliated companies.

    

    
      	
              2.

            	
              Performance of
      Services.

            

    

    

    Consultant agrees to perform the
services for Peerless described in a Work Authorization (the "Services") at the place and
during the period specified in the Work Authorization, unless sooner terminated
as provided in this Agreement.  During the performance of the
Services, the Strategic Committee of the Board of Directors of Peerless
(“Strategic Committee”), primarly through its Chairman,  will act as
the Peerless liaison with Consultant.  Consultant will be paid for the
Services as described in the Work Authorization.  Consultant agrees to
use its best efforts to provide such services as described in a Work
Authorization.  Consultant shall adhere to Peerless’ rules and
policies, including but not limited to Peerless’ Code of Conduct.

    

    
      	
              3.

            	
              Payment.

            

    

    

    Consultant agrees to submit to Peerless
invoices on a monthly basis.  Peerless shall reimburse Consultant for
reasonable travel, living or other expenses which have been authorized in
advance in writing by Peerless, are in compliance with Peerless’ standard
expense reimbursement policy and are incurred in connection with the performance
of Services.  Such expenses shall be itemized on Consultant's invoices
and supported with receipts.  Peerless shall pay such invoices within
30 days of actual receipt.

    

    
      	
              4.

            	
              Peerless
      Property.

            

    

    

    
      	
               
      

            	
              (a)      Consultant
      acknowledges that all of the information that he learns in his capacity as
      a consultant constitutes proprietary information and trade secrets which
      are the property of Peerless (“Peerless Property”).  Consultant
      shall exercise all precautions commensurate with its highest standards for
      the protection of its own trade secrets and proprietary information to
      insure that the Peerless Property is not
  disclosed;

            

    

    

    (b)           Consultant
shall not use the Peerless Property for the benefit of any third party or permit
any third party to install or use the Peerless Property.

    

    (c)           Consultant
shall not use the Peerless Property for internal production use, competitive
analysis or benchmarking of any kind;

     

    
      
        
          

        

      

      
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              (d)       All
      copies of the Peerless Property made by Consultant are and remain the
      property of Peerless and shall be conspicuously
  marked.

            

    

    

    
      	
              5.

            	
              Confidential
      Information.

            

    

    

    Consultant
agrees that the results of the Services and all information furnished to
Consultant by or concerning Peerless, its products or activities, including
without limitation, Proprietary Information (as defined in Appendix B) of
Peerless and any third party and the terms of Consultant's compensation under
this Agreement, will be subject to the Consultant's Nondisclosure Agreement,
which is attached to this Agreement as Appendix
B and incorporated by reference.

    

    
      	
              6.

            	
              Reports.

            

    

    

    Consultant agrees that it will, during
the term of this Agreement, provide weekly update reports to the Strategic
Committee of the Board of Directors of Peerless. In addition, Consultant will
keep Peerless advised as to Consultant's progress in performing the Services
hereunder, and that it will, as requested by Peerless, prepare written reports
with respect thereto.

    

    
      	
              7.

            	
              Conflicts of
      Interest.

            

    

    

               Consultant
certifies that Consultant does not have any outstanding agreement or obligation
that is in conflict with any of the provisions of this Agreement or that would
preclude Consultant from complying with the provisions
hereof.  Consultant agrees further not to enter into any Agreement
with another party which conflicts with the terms and conditions of this
Agreement.

    

    
      	
              8.

            	
              Extent of Services and
      Business Activities.

            

    

    

    Consultant
shall devote his full-time efforts to the business of Peerless and shall not
devote time to other activities except (a) for activities involving Spinback or
Work Market that are for no more than 5 hours per week and (b) with the prior
written consent of the Strategic Committee.  Consultant covenants and
agrees that for the term of this Agreement, Consultant shall not, whether as an
executive, employee, consultant, agent, principal, partner, member, stockholder,
corporate officer or director, or in any other individual or representative
capacity, whether or not for compensation, engage in or participate in or render
services to any other, provided however,
that, notwithstanding the foregoing, Consultant (a) may invest in securities of
any entity, solely for investment purposes and without participating in the
business thereof, if (x) such securities are traded on any national securities
exchange of the National Association of Securities Dealers, Inc. Automated
Quotation System, and (y) Consultant does not, directly or indirectly, own two
percent (2%) or more of any class of securities of such entity.

    

    
      	
              9.

            	
              Term and
      Termination.

            

    

    

    This
Agreement shall be effective as of the Effective Date set forth
above.  Either party may terminate this Agreement with or without
Cause upon thirty (30) days prior written notice to the other
party.  If a default occurs, the non-defaulting party may immediately
terminate this Agreement and may exercise any other remedy available to it under
law or equity.  Remedies shall be cumulative and there shall be no
obligation to exercise a particular remedy.  No delay or failure by
either party shall constitute a waiver by any party of any right or rights under
this Agreement.

    

    
      
        
          
            
 

        

      

      
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              10.

            	
              General.

            

    

    

    10.1         This
Agreement shall be governed by and construed in accordance with the laws of the
State of New York (excluding conflict of laws principles) and the parties
consent to jurisdiction of the State and Federal Courts of New
York.

    

    10.2         This
Agreement constitutes the complete and exclusive statement of the Agreement
between the parties concerning the subject matter of this Agreement (including
Appendixes A and B and any Work Authorizations executed by both parties
referencing this Agreement).  Peerless and Consultant agree that this
agreement supersedes any prior agreements, proposals, or communications ,
written or oral, regarding this subject matter.  No representation or
promise relating to and no amendment of this Agreement shall be binding unless
it is in writing and signed by duly authorized representatives of both
parties.  Notwithstanding the above, the parties acknowledge and agree
that they may have entered into other separate agreements with each
other.

    

    10.3         In
the event that any of the provisions contained in this Agreement are held to be
unenforceable, this Agreement shall be construed without such
provisions.

    

    10.4         All
notices or requests, including communications  and statements which
are required or permitted under the terms of this Agreement, shall be in writing
and shall be sent by telex or facsimile (and if confirmed by courier or mail),
or sent by recognized commercial overnight courier, or mailed by United States
registered or certified mail.

    

    Notices
shall be sent to the parties at the following addresses:

    

    
      	   	
              For
      Peerless: 

            	
              Peerless
      Systems Corporation

            

    

    2381
Rosecrans Avenue

    El
Segundo, CA 90245

       

    
      	   	
              For Consultant:

            	Jeffrey Wald

    

    175 East
96thStreet, Apt 28D

    New York,
NY 10128

    

    
      
        
          
            
 

        

      

      
        Page 3 of
5

        
        

      

      
        
        

      

    

    

    
      

    

     

    IN
WITNESS WHEREOF, the parties have caused their authorized representatives to
execute this Agreement as of the Effective Date above.

    

    
      	
              Peerless
      Systems Corporation

            	 	
              CONSULTANT:

            
	 
      	 
      	 	 
      	 
      
	 
      	 
      	 	 
      	 
      
	
              By:

            	
              /s/
      Timothy Brog

            	 	
              By:

            	
              Jeffrey
      Wald

            
	 
      	 
      	 	 
      	 
      
	
              Name:

            	
              Timothy
      Brog

            	 	
              Name:

            	
              Jeffrey
      Wald

            
	 
      	 
      	 	 
      	 
      
	
              Title:

            	
              Chairman
      of the Board

            	 	
              Title:

            	 
      
	 
      	 
      	 	 
      	 
      
	
              Date:

            	
              12/3/08

            	 	
              Date:

            	
              12/3/08

            

    

     

     

    
      
        
          
 

      

      
        Page 4 of
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    APPENDIX
A

    WORK
AUTHORIZATION NO. 1

    

    Primary
Responsibilities

    The
Consultant will take responsibility for the generation and execution of
investment opportunities for Peerless.  He/she will be responsible for
leading efforts in the following essential areas:

     

    
      	
               
      

            	
              ·

            	
              development
      of business plans

            

    

    
      	
               
      

            	
              ·

            	
              modeling
      and financial analysis of investment and acquisition
      opportunities

            

    

    
      	
               
      

            	
              ·

            	
              development
      and maintenance of the Company’s pipeline of potential
      investments;

            

    

    
      	
               
      

            	
              ·

            	
              assessment
      of the financial and strategic condition of the individual targets
      pursued;

            

    

    
      	
               
      

            	
              ·

            	
              oversight
      of third-party consultants, if any, hired in the pursuit, diligence and
      execution of transactions;

            

    

    
      	
               
      

            	
              ·

            	
              oversight
      of structuring discussions and deal negotiations with interested
      parties;

            

    

    
      	
               
      

            	
              ·

            	
              preparation
      of reports and presentations to the Strategic Committee as well as the
      full Board of Directors, when appropriate;
and,

            

    

    
      	
               
      

            	
              ·

            	
              management
      of closing activities in the event transactions are
      consummated.

            

    

     

    COMMENCEMENT
DATE OF SERVICES: December 1, 2008

    

    DESCRIPTION
OF CONSULTANT'S PAYMENT: $14,000 USD per month during the Term of the Agreement
plus the possibility of a bonus payment the amount of such, if any, being at the
sole discretion of the Board of Directors of Peerless.

    

    MAXIMUM
PAYMENT OBLIGATION OF PEERLESS UNDER

    THIS WORK
AUTHORIZATION:  $14,000 USD per month plus expenses as outlined in
Exhibit C unless terminated in accordance with this Agreement

     

    
      	
              PEERLESS
      SYSTEMS CORPORATION

            	 	
              CONSULTANT:

            
	 
      	 
      	 	 
      	 
      
	
              By:

            	
              /s/
      Timothy Brog

            	 	
              By:

            	
              /s/
      Jeffrey Wald

            
	 
      	 
      	 	 
      	 
      
	
              Name:

            	
              Timothy
      Brog

            	 	
              Name:

            	
              Jeffrey
      Wald

            
	 
      	 
      	 	 
      	 
      
	
              Title:

            	
              Chairman
      of the Board

            	 	
              Title:

            	 
      
	 
      	 
      	 	 
      	 
      
	
              Date:

            	
              12/3/08

            	 	
              Date:

            	
              12/3/08

            

    

     

     

    
      
        
          
 

      

      
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