Document:

Exhibit 10.1

 

EQUITY
SALE AND SETTLEMENT AGREEMENT

 

This
EQUITY SALE AND SETTLEMENT AGREEMENT (the “Agreement”) is being executed and delivered this 14th day of November
2014 by and between Horizon Energy Corp. (the “Company”), and Cannon Investments, Inc. (“Cannon”).

 

WHEREAS,
the Company owns 100 shares of Solar N Stuff, Inc. (“SNS” or the “Subsidiary”), a Louisiana corporation
and wholly-owned subsidiary of the Company, constituting 100% of the total issued and outstanding shares of common stock of SNS
(the “Subsidiary’s Shares”);

 

WHEREAS,
on January 21, 2014 the Company executed a promissory note in favor of Cannon in the principal amount of $50,000 (the “January
Cannon Note”). On February 13, 2014, the Company executed a promissory note in favor of Cannon in the principal amount of
$50,000 (the “February Cannon Note”). On March 19, 2014, the Company again executed a promissory note in the principal
amount of $50,000 (the “March Cannon Note”); During 2013, Cannon executed another promissory Note in the principal
amount of $50,250 (the “2013 Note,” together with the January Cannon Note, February Cannon Note, and the March Cannon
Note, the “Cannon Notes”). The Cannon Notes are non-interest bearing. The Company has repaid $50,000 to Cannon and
as a result, the total unpaid amount of the Cannon Notes is $150,250.

 

WHEREAS,
Cannon desires to purchase, and the Company desires to sell, the Subsidiary Shares in exchange for the cancellation of the Cannon
Notes (the “Transaction”).

 

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants set forth herein and for good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, do hereby
agree as follows:

 

1.       The
Company hereby sells to Cannon, and Cannon hereby purchases from the Company, the Subsidiary Shares.

 

2.       In
consideration for the purchase of the Subsidiary Shares pursuant to Section 1 above, Cannon is contemporaneously herewith delivering
to the Company for cancellation of the Cannon Notes. The Company and all of its successors in interest, and all its agents, officers,
directors, affiliates, employees, representatives, attorneys, assigns, and/or their successors in interest, shall be forever released
and discharged from any and all claims, causes of action, liabilities, damages, costs or demands of whatever character relating
to the Cannon Notes.

 

3.       Representations
and Warranties of Cannon. Cannon hereby represents and warrants to the Company the following:

 

		i.	Cannon
                                         owns, of record and beneficially, and has good and marketable title to the Cannon Notes,
                                         all of which are free and clear of all liens, charges and encumbrances.

 

    	 

    	 

    

 

		ii.	Upon
                                         the closing of the Transaction, Cannon shall be the sole record owner of the Subsidiary
                                         Shares and Cannon further represents to the Company that the Company shall have no liabilities
                                         (contingent or otherwise) or indebtedness outstanding related to any of the liabilities
                                         of SNS upon the closing of the Transaction and any agreements that SNS have entered into
                                         prior to this Agreement.

 

4.       Cannon
hereby accepts the Subsidiary Shares and agrees to hold the Company harmless from and against any and all liabilities, obligations,
claims, losses, expenses, damages, actions, liens and deficiencies (including reasonable attorneys’ fees) which exist, or
which may be imposed on, incurred by or asserted against the Company due to or arising out of any breach or inaccuracy of any
representation or warranty of Cannon under Section 3 and any claim, obligations, losses, expenses, damages, actions, liens and
deficiencies or liability arising out of the operations of SNS prior to and after the date hereof.

 

5.       In
the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such
provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with
such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect the
validity or enforceability of any other provision hereof.

 

6.       This
Agreement contains the entire understanding of the parties with respect to the matters covered herein and therein and, except
as specifically set forth herein, neither the Company nor Cannon makes any representation, warranty, covenant or undertaking with
respect to such matters. No provision of this Agreement may be waived or amended other than by an instrument in writing signed
by the party to be charged with enforcement.

 

7.       This
Agreement shall be governed by and construed in accordance with the laws of the State of Wyoming.

 

[Remainder
of this page intentionally left blank.]

 

    	-2-

    	 

    

 

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

  

	 	Horizon
    Energy Corp.
	 	 	 
	 	By:	/s/
Robert Bludorn
	 	 	Robert
    S. Bludorn, Chief Executive Officer
	 	 	 
	 	Cannon
    Investments, Inc.
	 	 
	 	 	/s/ Andre Kravchuk
	 	 	Andre Kravchuk, Director 

 

 

-3-Exhibit
10.2

 

TERMINATION
AGREEMENT

 

THIS
TERMINATION AGREEMENT (this “Agreement”) is entered into as of November 14, 2014, by and between Horizon Energy Corp.,
a Wyoming corporation (the “Company”) and Tuverga Finance Ltd., a corporation formed pursuant to the statutes of Republic
of Cyprus (“Tuverga”).

 

WHEREAS,
on April 15, 2014, the Company entered into an Equity Investment Agreement with Tuverga (the “Equity Investment Agreement”);

 

WHEREAS,
the Company and Tuverga desire to terminate the Equity Investment Agreement;

 

NOW,
THEREFORE, the parties hereby agree as follows:

 

Section
1.          Termination. The Company and Tuverga hereby agree that effective
on the date hereof that the Equity Investment Agreement shall be terminated and be of no further force or effect.

 

Section
2.          Waiver and Release of Obligations.

 

(a)               
Tuverga agrees that any and all obligations of the Company under the Purchase Agreement is hereby waived and terminated and of
no further effect.

 

(b)              
Upon the execution of this Agreement, Tuverga and its assigns, successors, subsidiaries, affiliates, owners, members, predecessors,
agents, representatives, officers, directors, and employees forever mutually release and discharge the Company’s assigns,
successors, subsidiaries, affiliates, owners, shareholders, predecessors, agents, representatives, officers, directors, and employees
from any and all causes of action, actions, judgments, liens, damages, losses, claims, liabilities, and demands whatsoever, whether
known or unknown, which each other had, now has, or hereafter can, shall, or may have, however arising, including by reason of
any duty, breach, act, omission, condition or occurrence through and including the date of this Agreement and/or by reason of
any fact, act, matter, cause or thing of any kind whatsoever.

 

Section
3.          Miscellaneous. 

 

(a)              
Expenses. Each party shall bear its own costs and expenses, including legal fees, incurred or sustained in connection with
the preparation of this Agreement and related matters.

 

(b)              
Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall
be in writing and signed by the Company and Tuverga.

 

    	

    	 

    

 

(c)               
Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be delivered as set forth in the Equity Investment Agreement.

 

(d)              
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns
of each of the parties.

 

(e)               
Execution and Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together
shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and
delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any
signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature
shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same
force and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

(f)               
Governing Law. This Agreement shall be enforced, governed by and construed in accordance with the laws of the State of
Wyoming applicable to agreements made and to be preformed entirely with such State, without regard to the principles of conflict
of laws.

 

(g)              
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(h)              
Headings. The headings in this Agreement are for convenience only, do not constitute a part of the Agreement and shall
not be deemed to limit or affect any of the provisions hereof.

 

[Signature
Pages Follow]

    	2

    	 

    

 

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

 

HORIZON
ENERGY CORP.

 

	By:	/s/
    Robert Bludorn	 
	Name:
    Robert Bludorn	 
	Title:
    CEO & President	 
	 	 	 
	TUVERGA
    FINANCE LTD	 
	 	 	 
	By:	/s/
    G. Long	 
	Name:	G.
    Long	 
	Title:	Corporate
    Director of Tuverga Finance Ltd.	 

 

 

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