Document:

Exhibit 10.1

 

PROMISSORY
NOTE

 

$50,000.00October
27, 2020

 

FOR
VALUE RECEIVED, the undersigned, CHEE CORP, a Nevada corporation (“Maker”) promise to pay to the order of FARM HOUSE
PARTNERS, LLC, an Arizona limited liability company (“Holder”), at 1206 E. Warner Road Suite 101-1, Gilbert, AZ 85296,
or at such other place as the holder hereof may from time to time designate in writing, the entire outstanding principal and accrued
interest upon the Maturity Date (defined below). This Note shall bear interest at a rate of Ten Percent (10%) per annum, and no
installment payments shall be required. This Note shall be unsecured.

 

The
outstanding principle balance and accrued interest shall become due and payable one year from the date of this Note (the “Maturity
Date”).

 

Maker
may voluntarily prepay this Note, in whole or in part, at any time, without premium or penalty.

 

Time
is of the essence of this Note.

 

Maker
shall pay all costs and expenses, including reasonable attorneys’ fees and court costs, incurred in the collection or enforcement
of all or any part of this Note. In the event of any court proceedings, court costs and attorneys’ fees shall be set by the court
and not by jury and shall be included in any judgment obtained by the holder hereof.

 

Failure
of the holder to exercise any option hereunder shall not constitute a waiver of the right to exercise the same in the event of
any subsequent default or in the event of continuance of any existing default after demand for strict performance hereof.

 

Maker,
sureties, guarantors and endorsers hereof: (a) agree to be jointly and severally bound, (b) severally waive any homestead or exemption
right against said debt, (c) severally waive demand, diligence, presentment for payment, protest and demand, and notice of extension,
dishonor, protest, demand and nonpayment of this Note, (d) consent that the holder hereof may extend the time of payment or otherwise
modify the terms of payment of any part or the whole of the debt evidenced by this Note, at the request of any other person primarily
liable hereon, and such consent shall not alter nor diminish the liability of any person, and (e) severally waive any setoff right
against said debt.

 

This
Note shall be binding upon Maker and its successors and assigns and shall inure to the benefit of the Holder hereof and any subsequent
holders of this Note, and their successors and assigns.

 

This
Note shall be governed by and construed according to the laws of the State of Arizona.

 

IN
WITNESS WHEREOF, these presents are executed as of the date first written above.

 

	 	“MAKER”
	 	 
	 	CHEE CORP., a Nevada corporation
	 	 
	 	By:	/s/ Aaron Klusman
	 	 	Aaron Klusman, Chief Executive OfficerExhibit 10.2

 

December
15, 2020

 

Aaron
Klusman

2701
E. Camelback Road

Phoenix,
Arizona 85016

 

		Re:	Binding
                                         Letter of Intent to Purchase the Equity of Klusman Family Holdings, LLC

 

Dear
Mr. Klusman:

 

This
binding letter of intent (this “Letter”) is intended to summarize the principal terms by which Chee Corp.,
a Nevada corporation (“Buyer”), will acquire 100% of the equity membership interest in Klusman Family Holdings,
LLC (the “Company”), from you (“Seller”), as sole member of the Company. The acquisition
is referred to as the “Transaction,” and Buyer and Seller are referred to collectively as the “Parties.”

 

1.             Acquisition
of Membership Interest and Purchase Price.

 

(a)           Subject
to the satisfaction of the conditions described in this Letter, at the closing of the Transaction, which is anticipated to occur
on or about January 1, 2021 (the “Closing”), Buyer will acquire 100% of the equity membership interests in
the Company (the “Membership Interest”), free and clear of all encumbrances, at the purchase price set forth
in Section 1(b).

 

(b)           The
purchase price for the Membership Interest will be One Million Five Hundred Thousand Dollars ($1,500,000) (the “Purchase
Price”), payable as follows:

 

(i)            $50,000
of the Purchase Price has already been remitted to the Seller, which constitutes a non-refundable, non-interest bearing deposit;
and

 

(ii)           $1,450,000
will be paid pursuant to a payment schedule to be negotiated in good faith by the Parties. Payment of this portion of the Purchase
Price will be secured by a pledge of the Membership Interest.

 

(c)           Additionally,
the Buyer will issue to the Seller 10,945,250 restricted shares of common stock of the Buyer.

 

2.             Other
Terms of Transaction.

 

(a)            Excluded
Assets.

 

(i)            The
following assets of the Company are not part of the Transaction and will be distributed to the Seller by the Company prior to
the closing:

 

a.       31,265,982
shares of common stock of Rivulet Media, Inc., a Delaware corporation;

 

b.       3,500,000
membership units, constituting a 77.8% membership interest, in Farm House Partners, LLC, an Arizona limited liability company;
and

 

c.       That
certain real property located at 1405 10th Street, Coronado, California.

 

(b)           Upon
consummation of the Transaction, Seller will be appointed (or confirmed as) manager of the Company.

     

     

    

3.            Definitive
Agreement. As soon as reasonably practicable after the full execution of this Letter, the Parties will commence to negotiate
and document a definitive purchase agreement (the “Definitive Agreement”) relating to Buyer’s acquisition
of the Membership Interest. The Definitive Agreement will include the terms summarized in this Letter and such other representations,
warranties, conditions, covenants, indemnities, and other terms that are customary for transactions of this kind and are not inconsistent
with this Letter. The Parties will also commence to negotiate and document ancillary agreements necessary for the Transaction,
including (i) an assignment and assumption agreement, and (ii) a promissory note and pledge agreement.

 

4.            Conditions.
Buyer’s obligation to close the proposed Transaction will be subject to customary conditions, including:

 

(a)           Buyer’s
satisfactory completion of due diligence;

 

(b)           the
Parties’ execution of the Definitive Agreement and the ancillary agreements;

 

(c)           the
receipt of any necessary regulatory approvals and third party consents; and

 

(d)           there
being no material adverse change in the real property, fixtures, or assets of the Company (the “Business”)
prior to the Closing.

 

5.            Due
Diligence. Beginning on the date of execution of this Letter and continuing until entry into the Definitive Agreement, Seller
and the Company will authorize its management to allow Buyer and its advisors full access to the facilities, records, key employees,
customers, suppliers, and advisors of the Business for the purpose of completing Buyer’s due diligence review. The due diligence
investigation may include, but is not limited to, a review of the financial, legal, tax, intellectual property, and labor records
and agreements of the Business, and any other matters as Buyer’s accountants, tax and legal counsel, and other advisors
deemed relevant.

 

6.            Covenants
of Seller. During the period from the full execution of this Letter through the execution of the Definitive Agreement, Seller
will cause the Company to: (i) conduct the Business in the ordinary course in a manner consistent with past practice, (ii) maintain
its real property, fixtures, and other assets in good working condition (normal wear and tear excepted), and (iii) use its best
efforts to maintain the Business and employees, customers, real property, fixtures, assets, and operations as an ongoing concern
in accordance with past practice.

 

7.            Exclusivity.
In consideration of the expenses that Buyer has incurred and will incur in connection with the proposed Transaction, Seller agrees
that until such time as this Letter has terminated in accordance with the provisions of paragraph 8 (such period, the “Exclusivity
Period”), neither Seller nor any of the Company’s representatives, officers, employees, directors, agents, subsidiaries,
or affiliates (the “Seller Group”) shall initiate, solicit, entertain, negotiate, accept, or discuss, directly
or indirectly, any proposal or offer from any person or group of persons other than Buyer and its affiliates (an “Acquisition
Proposal”) to acquire all or any portion of the Membership Interest or the real property, fixtures, or assets of the
Company, whether by merger, purchase of membership interests, purchase of assets, tender offer, or otherwise, or provide any non-public
information to any third party in connection with an Acquisition Proposal or enter into any agreement, arrangement, or understanding
requiring it to abandon, terminate, or fail to consummate the Transaction with Buyer. Seller agrees to immediately notify Buyer
if any member of the Seller Group receives any indications of interest, requests for information, or offers in respect of an Acquisition
Proposal, and will communicate to Buyer in reasonable detail the terms of any such indication, request or offer, and will provide
Buyer with copies of all written communications relating to any such indication, request, or offer. Immediately upon execution
of this Letter by Buyer, Seller shall, and shall cause the Seller Group to, terminate any and all existing discussions or negotiations
with any person or group of persons other than Buyer and its affiliates regarding an Acquisition Proposal. Seller represents that
no member of the Seller Group is party to or bound by any agreement with respect to an Acquisition Proposal other than under this
Letter.

     

     

    

8.             Termination.
This letter will automatically terminate and be of no further force and effect upon the earlier of (i) execution of the Definitive
Agreement by Buyer and Seller, or (ii) mutual agreement of Buyer and Seller. Notwithstanding anything in the previous sentence,
paragraphs 9, 10, and 12 shall survive the termination of this Letter and the termination of this Letter shall not affect any
rights any Party has with respect to the breach of this Letter by another Party prior to such termination.

 

9.             GOVERNING
LAW. THIS LETTER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH INTERNAL LAWS OF THE STATE OF ARIZONA, WITHOUT GIVING
EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF ARIZONA OR ANY OTHER JURISDICTION) THAT WOULD
CAUSE THE APPLICATION OF LAWS OF ANY JURISDICTION OTHER THAN THOSE OF THE STATE OF ARIZONA.

 

10.           Confidentiality.
Each Party agrees to keep the terms of this Letter confidential to the Parties and their representatives, provided, however, that
the Buyer may make any disclosures relating to this Letter that may be advisable or required under the Securities Exchange Act
of 1934 or its regulations.

 

11.           No
Third Party Beneficiaries. Except as specifically set forth or referred to herein, nothing herein is intended or shall be
construed to confer upon any person or entity other than the Parties and their successors or assigns, any rights or remedies under
or by reason of this Letter.

 

12.           Expenses.
The Parties will each pay their own transaction expenses, including the fees and expenses of attorneys, investment bankers, and
other advisors incurred in connection with the Transaction.

 

13.           Binding
Agreement. This Letter reflects the binding agreement of the Parties.

 

14.           Miscellaneous.
This Letter may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall
constitute one agreement. The headings of the various sections of this Letter have been inserted for reference only and shall
not be deemed to be a part of this Letter.

     

     

    

If
you are in agreement with the terms set forth above and desire to proceed with the proposed Transaction on that basis, please
sign this Letter in the space provided below and return an executed copy to the Buyer.

 

	 	Very truly yours,
	 	 
	 	Chee Corp.
	 	 
	 	/s/ Michael Witherill
	 	Michael Witherill, Secretary and Treasurer

 

	Agreed to and accepted:
	 
	/s/ Aaron Klusman
	Aaron Klusman, individually and as sole member of the Company

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