Document:

Filed by sedaredgar.com - American Uranium Corporation - Exhibit 10.1

(U.S. ACCREDITED SUBSCRIBERS ONLY)

NONE OF THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT
SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") RELATES HAVE BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933
ACT"), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE
OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN)
EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS.

AMERICAN URANIUM CORPORATION

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT SHARES

UNITED STATES ACCREDITED INVESTORS

INSTRUCTIONS TO SUBSCRIBER

	1. 	
      This Subscription form is for use by United States
      Accredited Investors.

	 	 
	2. 	
      COMPLETE the information on page 1 of this
      Subscription Agreement.

	 	 
	3. 	
      COMPLETE the Questionnaire attached on page 5 to
      this Subscription Agreement (the "Questionnaire").

	 	 
	4. 	
      All other information must be filled in where
      appropriate.

This is Page 1 of 12 pages of a subscription agreement and
related appendices, schedules and forms. Collectively, these pages together are
referred to as 
the “Subscription Agreement”.

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

	TO: 	AMERICAN URANIUM CORPORATION (the
      “Issuer”), of 1600-17th Street, Suite 2800 South, Denver CO
  

Subject and pursuant to the terms set out in the Terms on pages
2 to 4, the General Provisions on pages 7 to 12 and the other schedules and
appendices attached which are hereby incorporated by reference, the Subscriber
hereby irrevocably subscribes for, and on Closing will purchase from the Issuer,
the following securities at the following price:

	_____________________________  Shares 
	USD $_____ per Share for a total purchase price of USD
      $ _________________________________
	 
	The Subscriber owns, directly or indirectly, the following
      securities of the Issuer: 
	______________________________________________________________________________
	[Check if applicable] The Subscriber is
      [     ]  an insider of the Issuer
      or     [     ]  a member of
      the professional group 

The Subscriber directs the Issuer to issue, register and
deliver the certificates representing the Purchased Securities as follows:

	REGISTRATION INSTRUCTIONS 	 	DELIVERY INSTRUCTIONS 
	 	 	 
	Name to appear on
      certificate 	 	Name
      and account reference, if applicable 
	 	 	 
	Account reference if
      applicable 	 	Contact
      name 
	 	 	 
	Address 	 	Address
    
	 	 	 
	 	 	 
	 	 	 
	  	 	Telephone Number 

EXECUTED by the Subscriber this _______ day of 
____________ , 2008. By executing this Subscription Agreement, the Subscriber
certifies that the Subscriber and any beneficial purchaser for whom the
Subscriber is acting is resident in the jurisdiction shown as the “Address of
Subscriber”. 

	WITNESS: 	 	             
               EXECUTION BY SUBSCRIBER: 
	 	 	 
	 	 	X 
	Signature of Witness
    	 	Signature of individual (if Subscriber is an
      individual) 
	 	 	 
	 	 	X 
	Name of Witness 	 	Authorized signatory (if Subscriber is not an
      individual) 
	 	 	  
	Address of Witness
    	 	Name of
      Subscriber (please print) 
	 	 	  
	 	 	Name of
      authorized signatory (please print) 
	Accepted this day of
      _______________, 2008 	 	  
	AMERICAN URANIUM
      CORPORATION 	 	Address
      of Subscriber (residence) 
	Per: 	 	  
	 	 	Telephone Number 
	Authorized Signatory
    	 	  
	 	 	E-mail
      address 
	 	 	  
	 	 	Social Security/Insurance No.: 

By signing this acceptance, the Issuer agrees to be bound by
the Terms on pages 2 to 4, the General Provisions on pages 11 to 16 and the
other schedules and appendices incorporated by reference. If funds are
delivered to the Company’s lawyers, they are authorized to release the funds to
the Issuer. 

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 2 of 12 

TERMS

Reference date of this Subscription Agreement December
19, 2008 (the “Agreement Date”)

THE OFFERING

	The Issuer 	
      American Uranium Corporation (the
  “Issuer”) 

	  	
   

	Offering 	
      The offering consists of Shares (the
      “Shares”) of the Issuer at a price of $_____ per
  Share. 

	  	
   

	Purchased Securities      	
      The “Purchased Securities” under this
  Subscription Agreement are Shares. 

	  	
   

	No Minimum or Maximum      	
      There is no minimum or maximum offering. The
      Issuer may close on any subscription amounts it
  receives and it may close the offering in tranches. 

	  	
   

	Issue Price 	
  USD $____ per Share 

	  	
   

	Selling Jurisdictions      	
      The Shares may be sold in jurisdictions
      where they may be lawfully sold (the “Selling
  Jurisdictions”). 

	  	
   

	Exemptions 	
      The offering will be made in accordance with
  the following exemptions: 

	 	
   

	 	
    (a) 
	
      the Accredited Investor exemption as defined
  by Regulation D promulgated under the 1933 Act      

	  	
      
	
   

	 	
    (b) 
	
      such other exemptions as may be available
  the securities laws of the Selling Jurisdictions.      

	  	
      
	
   

	Resale restrictions and
      legends 	
      The Subscriber acknowledges that the
      certificates representing the Purchased Securities
  will bear the following legends: 

	  	
      
	
   

	 	
     
	
      “THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION      OR THE SECURITIES COMMISSION OF ANY STATE AND      HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE
      OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
      PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A
      TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE
  WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION,      HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT.” 

	  	
      
	
   

	 	
      Subscribers are advised to consult with
      their own legal counsel or advisors to determine the
  resale restrictions that may be applicable to them.  

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 3 of 12 

	Closing Date 	
      The completion of the sale and purchase of the Shares
      will take place in one or more closings, on a date or dates as agreed to
      by the Issuer and the Subscriber. Payment for, and delivery of the Shares,
      is scheduled to occur on or about December 22, 2008 or such later date as
      may be agreed upon by the Issuer and the Subscriber (the “Closing Date”).
      

	  	
       
	
       

	Additional definitions 	
      In the Subscription Agreement, the following words have
      the following meanings unless otherwise indicated: 

	  	
       
	
       

		
      (a) 
	
      “Purchased Securities” means the Shares purchased under
      this Subscription Agreement; and 

	  	
       
	
       

		
      (b) 
	
      “Securities” means the Shares 

	  	
       
	
       

	  THE ISSUER 
	  	
       
	
       

	Jurisdiction of organization 	
      The Issuer is incorporated under the laws of the State of
      Nevada. 

	  	
       
	
       

	Stock exchange listings 	
      Certain market makers make market in the Issuer’s stock
      on the U.S. over the counter bulletin board 

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 4 of 12 

UNITED STATES
ACCREDITED INVESTOR
QUESTIONNAIRE

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Subscription Agreement.

This Questionnaire is for use by each Subscriber who is a U.S.
person (as that term is defined Regulation S of the United States Securities Act
of 1933 (the “1933 Act”)) and has indicated an interest in purchasing Shares of
the Issuer. The purpose of this Questionnaire is to assure the Issuer that each
Subscriber will meet the standards imposed by the 1933 Act and the appropriate
exemptions of applicable state securities laws. The Issuer will rely on the
information contained in this Questionnaire for the purposes of such
determination. The Shares will not be registered under the 1933 Act in reliance
upon the exemption from registration afforded by Section 3(b) and/or Section
4(2) and Regulation D of the 1933 Act. This Questionnaire is not an offer of the
Shares or any other securities of the Issuer in any state other than those
specifically authorized by the Issuer.

All information contained in this Questionnaire will be treated
as confidential. However, by signing and returning this Questionnaire, each
Subscriber agrees that, if necessary, this Questionnaire may be presented to
such parties as the Issuer deems appropriate to establish the availability,
under the 1933 Act or applicable state securities law, of exemption from
registration in connection with the sale of the Shares hereunder.

The Subscriber covenants, represents and warrants to the Issuer
that it satisfies one or more of the categories of “Accredited Investors”, as
defined by Regulation D promulgated under the 1933 Act, as indicated below:
(Please initial in the space provide those categories, if any, of an “Accredited
Investor” which the Subscriber satisfies.)

	_____	Category 1 	
      An organization described in Section 501(c)(3) of the
      United States Internal Revenue Code, a corporation, a Massachusetts or
      similar business trust or partnership, not formed for the specific purpose
      of acquiring the Shares, with total assets in excess of U.S. $5,000,000.
      

	 	  	
       

	_____	Category 2 	
      A natural person whose individual net worth, or joint net
      worth with that person’s spouse, on the date of purchase exceeds USD
      $1,000,000. 

	 	  	
       

	_____	Category 3 	
      A natural person who had an individual income in excess
      of USD $200,000 in each of the two most recent years or joint income with
      that person’s spouse in excess of USD $300,000 in each of those years and
      has a reasonable expectation of reaching the same income level in the
      current year. 

	 	  	
       

	_____	Category 4 	
      A “bank” as defined under Section (3)(a)(2) of the 1933
      Act or savings and loan association or other institution as defined in
      Section 3(a)(5)(A) of the 1933 Act acting in its individual or fiduciary
      capacity; a broker dealer registered pursuant to Section 15 of the
      Securities Exchange Act of 1934 (United States); an insurance
      company as defined in Section 2(13) of the 1933 Act; an investment company
      registered under the Investment Company Act of 1940 (United
      States) or a business development company as defined in Section 2(a)(48)
      of such Act; a Small Business Investment Company licensed by the U.S.
      Small Business Administration under Section 301(c) or (d) of the Small
      Business Investment Act of 1958 (United States); a plan with
      total assets in excess of $5,000,000 established and maintained by a
      state, a political subdivision thereof, or an agency or instrumentality of
      a state or a political subdivision thereof, for the benefit of its
      employees; an employee benefit plan within the meaning of the Employee
      Retirement Income Security Act of 1974 (United States) whose
      investment decisions are made by a plan fiduciary, as defined in Section
      3(21) of such Act, which is either a bank, savings and loan association,
      insurance company or registered investment adviser, or if the employee
      benefit plan has total assets in excess of $5,000,000, or, if a
      self-directed plan, whose investment decisions are made solely by persons
      that are accredited investors. 

	 	  	
       

	_____	Category 5 	
      A private business development company as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940 (United
      States). 

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 5 of 12

	_____	Category 6 	
      A director or executive officer of the Issuer. 

	 	  	
       

	_____	Category 7 	
      A trust with total assets in excess of $5,000,000, not
      formed for the specific purpose of acquiring the Shares, whose purchase is
      directed by a sophisticated person as described in Rule 506(b)(2)(ii)
      under the 1933 Act. 

	 	  	
       

	_____	Category 8 	
      An entity in which all of the equity owners satisfy the
      requirements of one or more of the foregoing categories.

Note that prospective Subscribers claiming to satisfy one of
the above categories of Accredited Investor may be required to supply the Issuer
with a balance sheet, prior years’ federal income tax returns or other
appropriate documentation to verify and substantiate the Subscriber’s status as
an Accredited Investor.

If the Subscriber is an entity which initialled Category 8 in
reliance upon the Accredited Investor categories above, state the name, address,
total personal income from all sources for the previous calendar year, and the
net worth (exclusive of home, home furnishings and personal automobiles) for
each equity owner of the said entity: 

	 
	 
	
      The Subscriber hereby certifies that the information
      contained in this Questionnaire is complete and accurate and the
      Subscriber will notify the Issuer promptly of any change in any such
      information. If this Questionnaire is being completed on behalf of a
      corporation, partnership, trust or estate, the person executing on behalf
      of the Subscriber represents that it has the authority to execute and
      deliver this Questionnaire on behalf of such entity.

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the ____ day of _______________, 2008.

	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	 	 	 
	Signature of Authorized Signatory 	 	Signature 
	 	 	 
	Print of Type Name of Entity 	 	Print or Type Name 
	 	 	 
	Type of Entity 	 	Social Security/Tax I.D. No. 
	 	 	 
	Business/Tax I.D. No. 	 	  

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 6 of 12 

GENERAL PROVISIONS

	1. 	
      DEFINITIONS

	 	 	 
	1.1 	
      In the Subscription Agreement (including the first
      (cover) page, the Terms on pages 2 to 4, the General Provisions on pages 7
      to 13 and the other schedules and appendices incorporated by reference),
      the following words have the following meanings unless otherwise
      indicated:

	 	 	 
		(a) 	
      “1933 Act” means the United States Securities Act
      of 1933, as amended;

	 	 	 
		(b) 	
      “Applicable Legislation” means the Securities
      Legislation Applicable to the Issuer, including the U.S. Securities
      Exchange Act of 1934 and British Columbia Instrument 51-509, and all
      legislation incorporated in the definition of this term in other parts of
      the Subscription Agreement, together with the regulations and rules made
      and promulgated under that legislation and all administrative policy
      statements, blanket orders and rulings, notices and other administrative
      directions issued by the Commissions;

	 	 	 
		(c) 	
      “Closing” means the completion of the sale and
      purchase of the Purchased Securities;

	 	 	 
		(d) 	
      “Closing Date” has the meaning assigned in the
      Terms;

	 	 	 
		(e) 	
      “Closing Year” means the calendar year in which
      the Closing takes place;

	 	 	 
		(f) 	
      “Commissions” means the Commissions with
      Jurisdiction over the Issuer, including the United States SEC and the
      securities commissions incorporated in the definition of this term in
      other parts of the Subscription Agreement;

	 	 	 
		(g) 	
      “Final Closing” means the last closing under the
      Private Placement;

	 	 	 
		(h) 	
      “General Provisions” means those portions of the
      Subscription Agreement headed “General Provisions” and contained on
      pages 7 to 13;

	 	 	 
		(i) 	
      “Private Placement” means the offering of the
      Shares on the terms and conditions of this Subscription
  Agreement;

	 	 	 
		(j) 	
      “Purchased Securities” has the meaning assigned in
      the Terms;

	 	 	 
		(k) 	
      “Regulatory Authorities” means the
    Commissions;

	 	 	 
		(l) 	
      “Securities” has the meaning assigned in the
      Terms;

	 	 	 
		(m) 	
      “Subscription Agreement” means the first (cover)
      page, the Terms on pages 2 to 4, the General Provisions on pages 7 to 13
      and the other schedules and appendices incorporated by reference;
    and

	 	 	 
		(n) 	
      “Terms” means those portions of the Subscription
      Agreement headed “Terms” and contained on pages 2 to 4.

	 	 	 
	1.2 	
      In the Subscription Agreement, the following terms have
      the meanings defined in Regulation S: “Directed Selling Efforts”,
      “Foreign Issuer”, “Substantial U.S. Market Interest”,
      “U.S. Person” and “United States”.

	 	 	 
	1.3 	
      In the Subscription Agreement, unless otherwise
      specified, currencies are indicated in U.S.
dollars.

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 7 of 12 

	1.4 	
      In the Subscription Agreement, other words and phrases
      that are capitalized have the meanings assigned to them in the body
      hereof.

	 	 
	2. 	
      ACKNOWLEDGEMENTS, REPRESENTATIONS AND WARRANTIES OF
      SUBSCRIBER

	 	 
	2.1 	
      Acknowledgements concerning
offering

The Subscriber acknowledges that:

	 	(a) 	
      the Securities have not been registered under the 1933
      Act, or under any state securities or "blue sky" laws of any state of the
      United States, and are being offered only in a transaction not involving
      any public offering within the meaning of the 1933 Act, and, unless so
      registered, may not be offered or sold in the United States or to U.S.
      Persons (as defined herein), except pursuant to an effective registration
      statement under the 1933 Act, or pursuant to an exemption from, or in a
      transaction not subject to, the registration requirements of the 1933 Act,
      and in each case only in accordance with applicable state securities
      laws;

	 	 	 
	 	(b) 	
      the Company will refuse to register any transfer of the
      Securities not made in accordance with the provisions of Regulation S,
      pursuant to an effective registration statement under the 1933 Act or
      pursuant to an available exemption from, or in a transaction not subject
      to, the registration requirements of the 1933 Act;

	 	 	 
	 	(c) 	
      the Company has not undertaken, and will have no
      obligation, to register any of the Securities under the 1933
Act;

	 	 	 
	 	(d) 	
      the decision to execute this Subscription Agreement and
      acquire the Purchased Securities agreed to be purchased hereunder has not
      been based upon any oral or written representation as to fact or otherwise
      made by or on behalf of the Company and such decision is based entirely
      upon a review of information (the "Company Information") which has been
      provided by the Company to the Subscriber. If the Company has presented a
      business plan or any other type of corporate profile to the Subscriber,
      the Subscriber acknowledges that the business plan, the corporate profile
      and any projections or predictions contained in any such documents may not
      be achieved or be achievable;

	 	 	 
	 	(e) 	
      the Subscriber and the Subscriber's advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Company regarding the Offering, and to obtain additional information, to
      the extent possessed or obtainable without unreasonable effort or expense,
      necessary to verify the accuracy of the information contained in the
      Company Information, or any business plan, corporate profile or any other
      document provided to the Subscriber;

	 	 	 
	 	(f) 	
      the books and records of the Company were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Subscriber during reasonable business hours at its
      principal place of business and that all documents, records and books
      pertaining to this Offering have been made available for inspection by the
      Subscriber, the Subscriber's attorney and/or advisor(s);

	 	 	 
	 	(g) 	
      by execution hereof the Subscriber has waived the need
      for the Company to communicate its acceptance of the purchase of the
      Purchased Securities pursuant to this Subscription Agreement;

	 	 	 
	 	(h) 	
      the Company is entitled to rely on the representations
      and warranties and the statements and answers of the Subscriber contained
      in this Subscription Agreement and in the Questionnaire, and the
      Subscriber will hold harmless the Company from any loss or damage it may
      suffer as a result of the Subscriber's failure to correctly complete this
      Subscription Agreement or the Questionnaire;

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 8 of 12

	 	(i) 	
      the Subscriber will indemnify and hold harmless the
      Company and, where applicable, its respective directors, officers,
      employees, agents, advisors and shareholders from and against any and all
      loss, liability, claim, damage and expense whatsoever (including, but not
      limited to, any and all fees, costs and expenses whatsoever reasonably
      incurred in investigating, preparing or defending against any claim,
      lawsuit, administrative proceeding or investigation whether commenced or
      threatened) arising out of or based upon any representation or warranty of
      the Subscriber contained herein, the Questionnaire or in any other
      document furnished by the Subscriber to the Company in connection
      herewith, being untrue in any material respect or any breach or failure by
      the Subscriber to comply with any covenant or agreement made by the
      Subscriber to the Company in connection therewith;

	 	 	 
	 	(j) 	
      the issuance and sale of the Purchased Securities to the
      Subscriber will not be completed if it would be unlawful or if, in the
      discretion of the Company acting reasonably, it is not in the best
      interests of the Company;

	 	 	 
	 	(k) 	
      the Subscriber has been advised to consult its own legal,
      tax and other advisors with respect to the merits and risks of an
      investment in the Purchased Securities and with respect to applicable
      resale restrictions and it is solely responsible (and the Company is in
      any way responsible) for compliance with applicable resale
      restrictions;

	 	 	 
	 	(l) 	
      the Purchased Securities are not listed on any stock
      exchange or automated dealer quotation system and no representation has
      been made to the Subscriber that any of the Securities will become listed
      on any stock exchange or automated dealer quotation system, except that
      currently certain market makers make market in shares of the Company on
      the National Association of Securities Dealers Inc.'s OTC Bulletin
      Board;

	 	 	 
	 	(m) 	
      neither the SEC nor any other securities commission or
      similar regulatory authority has reviewed or passed on the merits of the
      Shares;

	 	 	 
	 	(n) 	
      no documents in connection with this Offering have been
      reviewed by the SEC or any state securities administrators;

	 	 	 
	 	(o) 	
      there is no government or other insurance covering any of
      the Purchased Securities; and

	 	 	 
	 	(p) 	
      this Subscription Agreement is not enforceable by the
      Subscriber unless it has been accepted by the Company, and the Subscriber
      acknowledges and agrees that the Company reserves the right to reject any
      Subscription for any reason.

	2.2 	Representations by the Subscriber

The Subscriber represents and warrants to the Issuer that, as
at the Agreement Date and at the Closing:

	 	(a) 	
      the Subscriber is resident in the United
States;

	 	 	 
	 	(b) 	
      the Subscriber has received and carefully read this
      Subscription Agreement;

	 	 	 
	 	(c) 	
      the Subscriber has the legal capacity and competence to
      enter into and execute this Subscription Agreement and to take all actions
      required pursuant hereto and, if the Subscriber is a corporation, it is
      duly incorporated and validly subsisting under the laws of its
      jurisdiction of incorporation and all necessary approvals by its
      directors, shareholders and others have been obtained to authorize
      execution and performance of this Subscription Agreement on behalf of the
      Subscriber;

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 9 of 12 

	 	(d) 	
      the Subscriber (i) has adequate net worth and means of
      providing for its current financial needs and possible personal
      contingencies, (ii) has no need for liquidity in this investment, and
      (iii) is able to bear the economic risks of an investment in the Shares
      for an indefinite period of time, and can afford the complete loss of such
      investment;

	 	 	 
	 	(e) 	
      the Subscriber is aware that an investment in the Company
      is speculative and involves certain risks, including the possible loss of
      the investment;

	 	 	 
	 	(f) 	
      the entering into of this Subscription Agreement and the
      transactions contemplated hereby do not result in the violation of any of
      the terms and provisions of any law applicable to, or, if applicable, the
      constating documents of, the Subscriber, or of any agreement, written or
      oral, to which the Subscriber may be a party or by which the Subscriber is
      or may be bound;

	 	 	 
	 	(g) 	
      the Subscriber has duly executed and delivered this
      Subscription Agreement and it constitutes a valid and binding agreement of
      the Subscriber enforceable against the Subscriber;

	 	 	 
	 	(h) 	
      the Subscriber has the requisite knowledge and experience
      in financial and business matters as to be capable of evaluating the
      merits and risks of the investment in the Shares and the Company, and the
      Subscriber is providing evidence of such knowledge and experience in these
      matters through the information requested in the Questionnaire;

	 	 	 
	 	(i) 	
      the Subscriber understands and agrees that the Company
      and others will rely upon the truth and accuracy of the acknowledgements,
      representations and agreements contained in this Subscription Agreement,
      and agrees that if any of such acknowledgements, representations and
      agreements are no longer accurate or have been breached, the Subscriber
      shall promptly notify the Company;

	 	 	 
	 	(j) 	
      all information contained in the Questionnaire is
      complete and accurate and may be relied upon by the Company, and the
      Subscriber will notify the Company immediately of any material change in
      any such information occurring prior to the closing of the purchase of the
      Shares;

	 	 	 
	 	(k) 	
      the Subscriber is purchasing the Shares for its own
      account for investment purposes only and not for the account of any other
      person and not for distribution, assignment or resale to others, and no
      other person has a direct or indirect beneficial interest is such Shares,
      and the Subscriber has not subdivided his interest in the Shares with any
      other person;

	 	 	 
	 	(l) 	
      the Subscriber is not an underwriter of, or dealer in,
      the common shares of the Company, nor is the Subscriber participating,
      pursuant to a contractual agreement or otherwise, in the distribution of
      the Shares;

	 	 	 
	 	(m) 	
      the Subscriber has made an independent examination and
      investigation of an investment in the Shares and the Company and has
      depended on the advice of its legal and financial advisors and agrees that
      the Company will not be responsible in anyway whatsoever for the
      Subscriber's decision to invest in the Shares and the Company;

	 	 	 
	 	(n) 	
      if the Subscriber is acquiring the Purchased Securities
      as a fiduciary or agent for one or more investor accounts, the investor
      accounts for which the Subscriber acts as a fiduciary or agent satisfy the
      definition of an "Accredited Investor", as the term is defined under
      Regulation D of the 1933 Act;

	 	 	 
	 	(o) 	
      if the Subscriber is acquiring the Purchased Securities
      as a fiduciary or agent for one or more investor accounts, the Subscriber
      has sole investment discretion with respect to each such account, and the
      Subscriber has full power to make the foregoing acknowledgements,
      representations and agreements on behalf of such
account;

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 10 of 12 

		(p) 	
      the Subscriber is not aware of any advertisement of any
      of the Purchased Securities and is not acquiring the Purchased Securities
      as a result of any form of general solicitation or general advertising
      including advertisements, articles, notices or other communications
      published in any newspaper, magazine or similar media or broadcast over
      radio or television, or any seminar or meeting whose attendees have been
      invited by general solicitation or general advertising; and

	 	 	 	 
		(q) 	
      no person has made to the Subscriber any written or oral
      representations:

	 	 	 	 
			(i) 	
      that any person will resell or repurchase any of the
      Purchased Securities;

	 	 	 	 
			(ii) 	
      that any person will refund the purchase price of any of
      the Purchased Securities;

	 	 	 	 
			(iii) 	
      as to the future price or value of any of the Purchased
      Securities; or

	 	 	 	 
			(iv) 	
      that any of the Securities will be listed and posted for
      trading on any stock exchange or automated dealer quotation system or that
      application has been made to list and post any of the Securities of the
      Company on any stock exchange or automated dealer quotation
  system.

	 	 	 	 
	2.3 	
      British Columbia Instrument 51-509

	 	 	 	 
		(a) 	
      Pursuant to British Columbia Instrument 51-509 – Issuers
      Quoted in the U.S. Over–the-Counter Markets (“BCI 51-509”), as adopted by
      the British Columbia Securities Commission, a subsequent trade in the
      Securities in or from British Columbia will be a distribution subject to
      the prospectus and registration requirements of applicable Canadian
      securities legislation (including the British Columbia Securities Act)
      unless certain conditions are met, which conditions include, among others,
      a requirement that any certificate representing the Securities (or
      ownership statement issued under a direct registration system or other
      book entry system) bear the restrictive legend (the "BC Legend") specified
      in BCI 51-509.

	 	 	 	 
		(b) 	
      The Subscriber represents and warrants that the
      Subscriber is not a resident of British Columbia and undertakes not to
      trade or resell any of the Securities in or from British Columbia. The
      Subscriber understands and agrees that the Company and others will rely
      upon the truth and accuracy of these representations and warranties and
      agrees that if such representations and warranties are no longer accurate
      or have been breached, the Subscriber shall immediately notify the
      Company.

	 	 	 	 
		(c) 	
      By executing and delivering this Subscription Agreement
      and as a consequence of the representations and warranties made by the
      Subscriber in this section, the Subscriber will have directed the Company
      not to include the BC Legend on any certificates representing the
      Securities to be issued to the Subscriber. As a consequence, the
      Subscriber will not be able to rely on the resale provisions of BCI 51-509
      or Canadian National Instrument 45-102, and any subsequent trade in any of
      the Securities in or from British Columbia will be a distribution subject
      to the prospectus and registration requirements of the British Columbia
      Securities Act.

	 	 	 	 
		(d) 	
      If the Subscriber wishes to trade or resell any of the
      Securities in or from British Columbia, the Subscriber agrees and
      undertakes to return, prior to any such trade or resale, any certificate
      representing the Securities to the Company’s transfer agent to have the BC
      Legend imprinted on such certificate or to instruct the Company’s transfer
      agent to include the BC Legend on any ownership statement issued under a
      direct registration system or other book entry
system.

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 11 of 12 

	2.4 	Reliance, indemnity and notification of changes
    

The representations and warranties in the Subscription
Agreement (including the first (cover) page, the Terms on pages 2 to 4, the
General Provisions on pages 7 to 13 and the other schedules and appendices
incorporated by reference) are made by the Subscriber with the intent that they
be relied upon by the Issuer in determining its suitability as a purchaser of
Purchased Securities, and the Subscriber hereby agrees to indemnify the Issuer
against all losses, claims, costs, expenses and damages or liabilities which any
of them may suffer or incur as a result of reliance thereon. The Subscriber
undertakes to notify the Issuer immediately of any change in any representation,
warranty or other information relating to the Subscriber set forth in the
Subscription Agreement (including the first (cover) page, the Terms on pages 2
to 4, the General Provisions on pages 7 to 13 and the other schedules and
appendices incorporated by reference) which takes place prior to the
Closing.

	2.5 	Survival of representations and warranties
  

The representations and warranties contained in this Section
will survive the Closing.

	3. 	ISSUER’S ACCEPTANCE

The Subscription Agreement, when executed by the Subscriber,
and delivered to the Issuer, will constitute a subscription for Shares which
will not be binding on the Issuer until accepted by the Issuer by executing the
Subscription Agreement in the space provided on the face page(s) of the
Agreement and, notwithstanding the Agreement Date, if the Issuer accepts the
subscription by the Subscriber, the Subscription Agreement will be entered into
on the date of such execution by the Issuer.

	4. 	
      CLOSING

	 	 
	4.1 	
      On or before the end of the fifth business day before the
      Closing Date, the Subscriber will deliver to the Issuer the Subscription
      Agreement and all applicable schedules and required forms, duly executed,
      and payment in full for the total price of the Purchased Securities to be
      purchased by the Subscriber.

	 	 
	4.2 	
      Following Closing, the Issuer will deliver to the
      Subscriber the certificates representing the Securities purchased by the
      Subscriber registered in the name of the Subscriber or its nominee, or as
      directed by the Subscriber.

	 	 
	5. 	
      MISCELLANEOUS

	 	 
	5.1 	
      The Subscriber agrees to sell, assign or transfer the
      Securities only in accordance with the requirements of applicable
      securities laws and any legends placed on the Securities as contemplated
      by the Subscription Agreement.

	 	 
	5.2 	
      The Subscriber hereby authorizes the Issuer to correct
      any minor errors in, or complete any minor information missing from any
      part of the Subscription Agreement and any other schedules, forms,
      certificates or documents executed by the Subscriber and delivered to the
      Issuer in connection with the Private Placement.

	 	 
	5.3 	
      The Issuer may rely on delivery by fax machine of an
      executed copy of this subscription, and acceptance by the Issuer of such
      faxed copy will be equally effective to create a valid and binding
      agreement between the Subscriber and the Issuer in accordance with the
      terms of the Subscription Agreement.

	 	 
	5.4 	
      Without limitation, this subscription and the
      transactions contemplated by this Subscription Agreement are conditional
      upon and subject to the Issuer’s having obtained such regulatory approval
      of this subscription and the transactions contemplated by this
      Subscription Agreement as the Issuer considers necessary.

	 	 
	5.5 	
      This Subscription Agreement is not assignable or
      transferable by the parties hereto without the express written consent of
      the other party to this Subscription
Agreement.

	Subscription Agreement (with related appendices,
      schedules and forms) 	Page 12 of 12 

	5.6 	
      Time is of the essence of this Subscription
    Agreement.

	 	 
	5.7 	
      Except as expressly provided in this Subscription
      Agreement and in the agreements, instruments and other documents
      contemplated or provided for in this Subscription Agreement, this
      Subscription Agreement contains the entire agreement between the parties
      with respect to the Securities and there are no other terms, conditions,
      representations or warranties whether expressed, implied, oral or written,
      by statute, by common law, by the Issuer, or by anyone else.

	 	 
	5.8 	
      The parties to this Subscription Agreement may amend this
      Subscription Agreement only in writing.

	 	 
	5.9 	
      This Subscription Agreement enures to the benefit of and
      is binding upon the parties to this Subscription Agreement and their
      successors and permitted assigns.

	 	 
	5.10 	
      A party to this Subscription Agreement will give all
      notices to or other written communications with the other party to this
      Subscription Agreement concerning this Subscription Agreement by hand or
      by registered mail addressed to the address given on page 1.

	 	 
	5.11 	
      This Subscription Agreement is to be read with all
      changes in gender or number as required by the context.

	 	 
	5.12 	
      This Subscription Agreement will be governed by and
      construed in accordance with the internal laws of Nevada (without
      reference to its rules governing the choice or conflict of laws), and the
      parties hereto irrevocably attorn and submit to the exclusive jurisdiction
      of the courts of Nevada with respect to any dispute related to this
      Subscription Agreement.

End of General Provisions

End of Subscription Agreementseaway8k121808ex10a.htm

    
      

      

    

    
       

      

      

      AGREEMENT

      

      FOR
THE EXCHANGE OF SECURITIES

      

      BY
AND AMONG

      

      

      THE
AMERICAS LEARNING CENTERS, INC.

      (A
FLORIDA CORPORATION)

      

      AND

      

      MAJORITY
SHAREHOLDERS AND NOTEHOLDERS OF

      THE
AMERICAS LEARNING CENTERS, INC.

      

      AND

      

      SEAWAY
VALLEY CAPITAL CORPORATION

      (A
DELAWARE CORPORATION)

      

      AND

      

      PATRICK
HACKETT HARDWARE COMPANY

      (A
NEW YORK CORPORATION)

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      AGREEMENT

      

      THIS
AGREEMENT (the “Agreement”) is made this 17th day of December, 2008, (the
“Effective Date”) by and among
THE AMERICAS LEARNING CENTERS, INC, (“ALRN”) a Florida corporation,
the MAJORITY SHAREHOLDERS OF
THE AMERICAS LEARNING CENTERS, INC. and the NOTEHOLDERS OF THE AMERICAS LEARNING
CENTERS, INC., (the “Majority Shareholders of The Americas Learning
Centers, Inc., and the “Noteholders of The Americas Learning Centers, Inc.”,
collectively herein shall be referred to as the “Majority Stakeholders of The Americas
Learning Centers, Inc.”), on the one hand, and on the other
hand,  PATRICK
HACKETT HARDWARE COMPANY, (“PHHC”), a New York corporation, and the SEAWAY VALLEY CAPITAL CORPORATION,
(“SVCC”), a Delaware Corporation, which is the owner
of  100% of the
capital stock of the PHHC. (All the aforementioned
persons and entities may be collectively referenced herein as the “Parties”, or
individually as a “Party”.)

      

      WHEREAS, SVCC desires to acquire
eighty-four and twenty-nine percent (84.29%) of all of the issued and
outstanding common stock and 100% of all issued and outstanding Preferred Stock
of ALRN from its
Majority Shareholders (the “ALRN Shares”) and 100% of the outstanding ALRN
common stock purchase warrants, and shall have the right to have acquired 100%
of the outstanding ALRN Promissory Notes from the Noteholders of The Americas
Learning Centers, Inc., in exchange for which (i) ALRN will receive 100% of the
capital stock of the PHHC (the “PHHC Shares”) and
the Majority Stakeholders of The Americas Learning Centers, Inc. shall receive a
initial payment at Closing (as hereinafter defined) of thirty-five thousand
dollars ($35,000.00 U.S.), and Demand Convertible Promissory Notes (the
“Notes”), of even date, in aggregate principal amount of two-hundred and fifteen
thousand dollars, ($215,000.00 U.S.), by and between Hackett’s Stores, Inc. (“HSI”),
the successor to ALRN,
and themselves, as guaranteed by SVCC, which shall be
equivalent to a total cash compensation to the Majority Stakeholders of The
Americas Learning Centers, Inc., in an amount of two hundred and fifty thousand
dollars (($250,000 U.S.); and

      

      WHEREAS, the Majority
Shareholders of The Americas Learning Centers, Inc. agree to exchange the ALRN
Shares for the PHHC Shares and the Notes, and the Noteholders of The Americas
Learning Centers, Inc. agree to accept payment of the Notes in exchange for
transferring title of the existing ALRN debt obligations (the
“ALRN Debt”) to SVCC, or
its designee; and

      

      WHEREAS, ALRN is desirous to
acquire PHHC as a
wholly-owned subsidiary, from SVCC.

      

      NOW, THEREFORE, in
consideration of the mutual promises, covenants and representations contained
herein, the parties hereto agree as follows:

       

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      

      ARTICLE
I

      1.1       Exchange of Securities, Promissory
Note and Payment of Deposit.  Upon the closing of this
Agreement (the “Closing”), subject to the terms and
conditions of this Agreement, the Majority Shareholders of The Americas Learning
Centers, Inc., will deliver to SVCC eighty-four and
twenty-nine percent (84.29%)  of all of the issued and outstanding
common stock and 100% of the issued and outstanding Preferred Stock of ALRN (the “ALRN Shares”) in
exchange for which (i) the Board of Directors of SVCC shall direct that 100% of
the PHHC Shares be transferred directly to ALRN, and that it make an
initial payment of thirty-five thousand dollars ($35,000.00 U.S.) at Closing
(the “Deposit”), and cause HSI to issue the Notes, of
even date, in aggregate total principal amount of two hundred and fifteen
thousand dollars, ($215,000.00 U.S.), by and between itself and the Majority
Stakeholders of The Americas Learning Centers, Inc., which shall be payable to
the Escrow Agent (as hereinafter defined) pursuant to the terms and conditions
of the Notes.

      

      1.2       Escrow
Agreement.  At Closing: (i) SVCC will cause to be
deposited with Gold Coast Professional Services, P.A., as escrow agent (the
“Escrow Agent”), all the ALRN Shares received in this share exchange for future
delivery to them upon release from escrow, as set forth in that certain escrow
agreement of even date (the “Escrow Agreement”) by and among the parties hereto
and the Escrow Agent; and (ii) the Noteholders of The Americas Learning Centers,
Inc. will deposit with the Escrow Agent their ALRN Debt, for their future
release from escrow, as set forth in the Escrow Agreement.  The Escrow
Agreement shall be substantially in the form attached hereto as Exhibit
1.2.

      

      1.3       Effectiveness of
Agreement.  All Parties hereto, agree this Agreement and all
agreements connected to it, including, but not limited to, the Escrow Agreement
and the Notes, shall have no force and effect until the Deposit is received and
collected by the Escrow Agent on behalf of the Stakeholders of The Americas
Learning Centers, Inc.

      

      ARTICLE
II

      

      Representations
and Warranties of PATRICK HACKETT HARDWARE COMPANY

      

      PATRICK HACKETT HARDWARE
COMPANY hereby represents and warrants to ALRN that:

      

      2.1       Organization. PHHC is a corporation duly
organized, validly existing and in good standing under the laws of New York, has
all necessary corporate powers to own its properties and to carry on its
business as now owned and operated by it, and is duly qualified to do business
and is in good standing in each of the states where its business requires
qualification.

      

      2.2       Capital Stock. The PHHC Shares
consist of an aggregate of ninety-six (96) shares of PHHC common stock outstanding,
par value $100.00. There are no outstanding subscriptions, options, rights,
warrants, debentures, instruments, convertible securities or other agreements or
commitments obligating PHHC
to issue any additional PHHC shares of any
class.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      2.3       Subsidiaries. PHHC currently operates no
divisions, and is the sole operating entity represented by the PHHC Shares of
stock.

      

      2.4       Directors and Executive
Officers. The names and titles of the directors and executive officers of
PHHC are as
follows:

      

      
        	
                Name

              	
                Position

              
	 
      	 
      
	
                Thomas
      W. Scozzafava

              	
                Chairman,
      President/CEO

              

      

      

      2.5       Financial Statements. On or
before the Closing Date, PHHC shall provide ALRN with unaudited financial
statements of PHHC for
the fiscal year ended December 31, 2007 and the first three (3) quarters of 2008
(the “PATRICK HACKETT HARDWARE COMPANY Financial Statements”).  PHHC’s Financial Statements
will be prepared in accordance with generally accepted accounting principles and
practices consistently followed by PHHC throughout the
periods indicated,
and fairly present the financial position of PHHC as of the date of the
balance sheets included in the PATRICK HACKETT HARDWARE COMPANY Financial
Statements and the results of operations for the periods indicated.

      

      2.6       Absence of Changes. Since
September 30, 2008 there has not been any material change in the financial
condition or operations of PHHC, except as contemplated
by this Agreement. As used throughout this Agreement, “material”
means:  Any change or effect (or development that, insofar as can be
reasonably foreseen, is likely to result in any change or effect) that causes
substantial increase or diminution in the business, properties, assets,
condition (financial or otherwise) or results of operations of a
party.  Taken as a whole, material change shall not include changes in
national or international economic conditions or industry conditions generally;
changes or possible changes in statutes and regulations applicable to a party;
or the loss of employees, customers or suppliers by a party as a direct or
indirect consequence of any announcement relating to this
transaction.

      

      2.7       Absence of Undisclosed
Liabilities. As of September 30, 2008, PHHC did not have any material
debt, liability or obligation of any nature, whether accrued, absolute,
contingent or otherwise, and whether due or to become due, that is not reflected
in the PATRICK HACKETT HARDWARE COMPANY Financial
Statements.

      

      2.8       Tax Returns. PHHC has filed all federal,
state and local tax returns required by law and has paid all taxes, assessments
and penalties due and payable. The provisions for taxes, if any, reflected in
the PATRICK HACKETT HARDWARE COMPANY Financial Statements are
adequate for the periods indicated.  There are no present disputes as
to taxes of any nature payable by PHHC.

      

      2.9       Investigation of Financial
Condition. Without in any manner reducing or otherwise mitigating the
representations contained herein, ALRN, its legal counsel and
accountants shall have the opportunity to meet with PHHC’s accountants and
attorneys to discuss the financial condition of PHHC during reasonable
business hours and in a manner that does not interfere with the normal operation
of PHHC’s
business.  PHHC
shall make available to ALRN all books and records of
PHHC.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      2.10      Intellectual Property Rights.
PHHC owns or has the
right to use all trademarks, service marks, trade names, copyrights and patents
material to its business.

      

      2.11      Compliance with Laws. To the
best PHHC’s knowledge,
PHHC has complied with,
and is not in violation of, applicable federal, state or local statutes, laws
and regulations, including federal and state securities laws, except where such
non-compliance would not have a material adverse impact upon its business or
properties.

      

      2.12      Litigation. PHHC is not a defendant in any
suit, action, arbitration or legal, administrative or other proceeding, or
governmental investigation which is pending or, to the best knowledge of PHHC, threatened against or
affecting PHHC or its
business, assets or financial condition, except as described in Exhibit
2.12.  PHHC is
not in default with respect to any order, writ, injunction or decree of any
federal, state, local or foreign court, department, agency or instrumentality
applicable to it.  PHHC is not engaged in any
material litigation to recover monies due to it.

      

      2.13      Authority. The Board of
Directors of PHHC has
authorized the execution of this Agreement and the consummation of the
transactions contemplated herein, and PHHC has full power and
authority to execute, deliver and perform this Agreement, and this Agreement is
a legal, valid and binding obligation of PHHC and is enforceable in
accordance with its terms and conditions.  SVCC has agreed to and has
approved the terms of this Agreement and the exchange of securities contemplated
herein.

      

      2.14      Ability to Carry Out
Obligations. The execution and delivery of this Agreement by PHHC and the performance by
PHHC of its obligations
hereunder in the time and manner contemplated will not cause, constitute or
conflict with or result in (a) any breach or violation of any of the provisions
of or constitute a default under any license, indenture, mortgage, instrument,
article of incorporation, bylaw, or other agreement or instrument to which PHHC is a party, or by which
it may be bound, nor will any consents or authorizations of any party other than
those hereto be required, (b) an event that would permit any party to any
agreement or instrument to terminate it or to accelerate the maturity of any
indebtedness or other obligation of PHHC, or (c) an event that
would result in the creation or imposition of any lien, charge or encumbrance on
any asset of PHHC.

      

      2.15      Full Disclosure. None of the
representations and warranties made by PHHC herein or in any exhibit,
certificate or memorandum furnished or to be furnished by PHHC, or on its behalf,
contains or will contain any untrue statement of material fact or omit any
material fact the omission of which would be misleading.

      

      2.16      Assets. PHHC’s assets are fully
included in the PATRICK HACKETT HARDWARE COMPANY Financial Statements,
and are not subject to any claims or encumbrances except as indicated
therein.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      2.17      Material Contracts. PHHC’S material contracts will
be furnished to ALRN prior to Closing for its review.

      

                 2.18       Indemnification. PHHC agrees to indemnify,
defend and hold ALRN
harmless against and in respect of any and all claims, demands, losses,
costs, expenses, obligations, liabilities, damages, recoveries and deficiencies,
including interest, penalties and reasonable attorney fees asserted by third
parties against ALRN
which arise out of, or result from (i) any breach by PHHC in performing any of its
covenants or agreements under this Agreement or in any schedule, certificate,
exhibit or other instrument furnished or to be furnished by PHHC under this Agreement,
(ii) a failure of any representation or warranty in this Article II or (iii) any
untrue statement made by PHHC in this
Agreement.

      

      2.19     Criminal or Civil Acts. For the period of five
years prior to the execution of this Agreement, no executive officer, director
or principal stockholder of PHHC has been convicted of a
felony crime, filed for personal bankruptcy, been the subject of a Commission or
NASD judgment or decree.

       

      2.20    
Restricted
Securities.  PHHC and SVCC acknowledge that all of
the ALRN shares issued
by ALRN are restricted
securities and none of such securities may be sold or publicly traded except in
accordance with the provisions of the Securities and Exchange Act of 1933, as
amended.

      

      ARTICLE
III

      Representations
and Warranties of ALRN

      

      ALRN represents and warrants
to SVCC and PHHC that:

      

      3.1       Organization. ALRN is a corporation duly
organized, validly existing and in good standing under the laws of Florida, has
all necessary corporate powers to carry on its business, and is duly qualified
to do business and is in good standing in each of the states where its business
requires qualification.

      

      3.2       Capital. The authorized
capital stock of ALRN
consists of 750,000,000 shares of $0.0001 par value Common shares, of which
approximately 179,000,000 shares shall be issued and outstanding at the time of
Closing; and 50,000,000 million shares of Preferred Stock, no par value, in two
Series: one (1) share of Series A Preferred Stock, no par value, of which one
(1) share will be issued and outstanding at the time of Closing, and twenty five
million (25,000,000) shares of Series B Preferred Stock, no par value, of which
no shares will be issued and outstanding at the time of Closing.  All
of the outstanding Common and Preferred shares are duly and validly issued,
fully paid and non-assessable. There are no outstanding subscriptions, options,
rights, warrants, debentures, instruments, convertible securities or other
agreements or commitments obligating ALRN to issue any additional
shares of any class, except as listed in Exhibit
3.2.

      

      3.3       Indebtedness.  Except
for: (i) the Notes held by the Majority Shareholders with the aggregate value of
$345,559, attached hereto and held in escrow, and (ii) the indebtedness by
Hackett’s Stores, Inc. of $215,000 and exchanged pursuant to this Agreement,
ALRN shall have no indebtedness outstanding.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      3.4       Subsidiaries. ALRN does not have any
subsidiaries or own any interest in any other enterprise.

      

      3.5       Directors and Officers. The
name and title of the director and executive officer of ALRN are as
follows:

      

      
        	
                Name

              	
                Position

              
	 
      	 
      
	
                Donald
      Platten

              	
                Director,
      President

              
	
                Peter
      Cooney

              	
                Director

              
	
                Ted
      Landau

              	
                Director

              
	
                Tavarius
      Jackson

              	
                Director

              
	
                Marie
      Waddell

              	
                Director

              

      

      

      3.6       Financial Statements. On or
before Closing, ALRN
shall provide SVCC with
unaudited financial statements of ALRN for the fiscal quarter
ended September 30, 2008 (the “ALRN Financial Statement”).  The ALRN
Financial Statement is prepared in accordance with generally accepted accounting
principles and practices consistently followed by ALRN throughout the
periods indicated,
and fairly present the financial position of ALRN as of the date of the
balance sheet included, and the results of operations for the period indicated.

      

      3.7       Absence of Changes. Since
September 30, 2008, there has not been any material change in the financial
condition or operations of ALRN, except as contemplated
by this Agreement.  As used throughout this Agreement, “material”
means:  Any change or effect (or development that, insofar as can be
reasonably foreseen, is likely to result in any change or effect) that causes
substantial increase or diminution in the business, properties, assets,
condition (financial or otherwise) or results of operations of a
party.  Taken as a whole, material change shall not include changes in
national or international economic conditions or industry conditions generally;
changes or possible changes in statutes and regulations applicable to a party;
or the loss of employees, customers or suppliers by a party as a direct or
indirect consequence of any announcement relating to this
transaction.

      

      3.8       Absence of Undisclosed
Liabilities. As of September 30, 2008, ALRN did not have any material
debt, liability or obligation of any nature, whether accrued, absolute,
contingent or otherwise, and whether due or to become due, that is not reflected
in the ALRN Financial Statement.

      

      3.9       Tax Returns. ALRN has not failed to comply
with any federal, state and local tax returns in a manner that would have a
material, adverse impact on itself or PHHC or SVCC.

      

      3.10     Investigation of Financial
Condition. Without in any manner reducing or otherwise mitigating the
representations contained herein, SVCC, its legal counsel and
accountants shall have the opportunity to meet with ALRN’s accountants and
attorneys to discuss the financial condition of ALRN during reasonable
business hours and in a manner that does not interfere with the normal operation
of ALRN’s
business.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      3.11     Intellectual Property Rights.
ALRN has no trademarks,
service marks, trade names, copyrights or patents material to its
business.

      

      3.12     Compliance with Laws. To the
best of ALRN’s
knowledge, ALRN
has complied with, and is not in violation of, applicable federal, state
or local statutes, laws and regulations, including federal and state securities
laws, except where such non-compliance would not have a material adverse impact
upon its business or properties.

      

      3.13     Litigation. ALRN is not a defendant in any
suit, action, arbitration or legal, administrative or other proceeding, or
governmental investigation which is pending or, to the best knowledge of ALRN, threatened against or
affecting ALRN or its
business, assets or financial condition.  ALRN is not in default with
respect to any order, writ, injunction or decree of any federal, state, local or
foreign court, department, agency or instrumentality applicable to
it.  ALRN is
not engaged in any material litigation to recover monies due to it.

      

      3.14     Authority. The Board of
Directors of ALRN has
authorized the execution of this Agreement and the consummation of the
transactions contemplated herein, and ALRN has full power and
authority to execute, deliver and perform this Agreement, and this Agreement is
a legal, valid and binding obligation of ALRN and is enforceable in
accordance with its terms and conditions.

      

      3.15     Ability to Carry Out
Obligations. The execution and delivery of this Agreement by ALRN and the performance by
ALRN of its obligations
hereunder in the time and manner contemplated will not cause, constitute or
conflict with or result in (a) any breach or violation of any of the provisions
of or constitute a default under any license, indenture, mortgage, instrument,
article of incorporation, bylaw, or other agreement or instrument to which ALRN is a party, or by which
it may be bound, nor will any consents or authorizations of any party other than
those hereto be required, (b) an event that would permit any party to any
agreement or instrument to terminate it or to accelerate the maturity of any
indebtedness or other obligation of ALRN, or (c) an event that
would result in the creation or imposition of any lien, charge or encumbrance on
any asset of ALRN.

      

      3.16     Full Disclosure. None of the
representations and warranties made by ALRN herein or in any exhibit,
certificate or memorandum furnished or to be furnished by ALRN, or on its behalf,
contains or will contain any untrue statement of material fact or omit any
material fact the omission of which would be misleading.

      

      3.17     Assets. ALRN’s assets are fully
included in the ALRN Financial Statement, and are not subject to any claims or
encumbrances except as indicated therein.

      

      3.18     Material Contracts. ALRN does not have any
material contracts.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

               
  3.19    Indemnification. ALRN agrees to indemnify,
defend and hold SVCC
harmless against and in respect of any and all claims, demands, losses,
costs, expenses, obligations, liabilities, damages, recoveries and deficiencies,
including interest, penalties and reasonable attorney which arise out of, or
result from (i) any breach by ALRN in performing any of its
covenants or agreements under this Agreement or in any schedule, certificate,
exhibit or other instrument furnished or to be furnished by ALRN under this Agreement,
(ii) a failure of any representation or warranty in this Article III (iii) any
untrue statement made by ALRN in this Agreement, or
(iv) for a period of two years from the date hereof, claims of any nature made
against ALRN for activities undertaken prior to the date hereof.

      

      3.20     Criminal or Civil Acts. For the period of five
years prior to the execution of this Agreement, no executive officer, director
or principal stockholder of ALRN has been convicted of a
felony crime, filed for personal bankruptcy, been the subject of a Commission or
NASD judgment or decree.

      

      3.21     Representation as Never Having Been a
“Shell”.  ALRN
was incorporated as the “Harvard Learning Centers, Inc.” in the State of
Florida on October 31, 2006 (“Incorporation Date”) having been converted from a
Delaware corporation, with an organizational date (“Organizational Date”) deemed
effective of May 24, 1995.From its Organizational Date to the Incorporation
Date, to the date hereof, ALRN has always been an
operating company and has never been a “shell” as that term is defined in SEC
Release 33-8587.

      

      

      ARTICLE
IV

      Covenants
Prior to Closing

      

      4.1       Investigative Rights. Prior to
Closing, each party shall provide to the other, and such other party’s counsel,
accountants, auditors and other authorized representatives, full access during
normal business hours and upon reasonable advance written notice to all of each
party’s properties, books, contracts, commitments and records for the purpose of
examining the same.  Each party shall furnish the other party with all
information concerning each party’s affairs as the other party may reasonably
request.  If during the investigative period one party learns that a
representation of the other party was not accurate, no such claim may be
asserted by the party so learning that a representation of the other party was
not accurate.

      

      4.2       Conduct of Business. Prior to
Closing, each party shall conduct its business in the normal course and shall
not sell, pledge or assign any assets without the prior written approval of the
other party, except in the normal course of business.  Neither party
shall amend its Articles of Incorporation or Bylaws (except as may be described
in this Agreement), declare dividends, redeem or sell stock or other
securities.  Neither party shall enter into negotiations with any
third party or complete any transaction with a third party involving the sale of
any of its assets or the exchange of any of its common stock.

      

      4.3       Confidential Information.  Each party will
treat all non-public, confidential and trade secret information received from
the other party as confidential, and such party shall not disclose or use such
information in a manner contrary to the purposes of this
Agreement.  Moreover, all such information shall be returned to the
other party in the event this Agreement is terminated.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      4.4       Notice of Non-Compliance.  Each party shall
give prompt notice to the other party of any representation or warranty made by
it in this Agreement becoming untrue or inaccurate in any respect or the failure
by it to comply with or satisfy in any material respect any covenant, condition
or agreement to be complied with or satisfied by it under this
Agreement.

      

      

      ARTICLE
V

      Conditions
Precedent to ALRN’s Performance

      

      5.1       Conditions ALRN’s obligations hereunder
shall be subject to the satisfaction at or before the Closing of all the
conditions set forth in this Article V.  ALRN may waive any or all of
these conditions in whole or in part without prior notice; provided, however,
that no such waiver of a condition shall constitute a waiver by ALRN of any other condition of
or any of ALRN’s other
rights or remedies, at law or in equity, if PHHC or SVCC, shall be in default of
any of its representations, warranties or covenants under this
Agreement.

      

      5.2       Accuracy of Representations.
Except as otherwise permitted by this Agreement, all representations and
warranties by PHHC,
or SVCC, in this
Agreement or in any written statement that shall be delivered to ALRN by PHHC or SVCC under this Agreement
shall be true and accurate on and as of the Closing as though made at that
time.

      

      5.3       Performance. PHHC and SVCC shall have performed,
satisfied and complied with all covenants, agreements and conditions required by
this Agreement to be performed or complied with by it on or before
Closing.

      

      5.4       Absence of Litigation. No
action, suit or proceeding, including injunctive actions, before any court or
any governmental body or authority, pertaining to the transaction contemplated
by this Agreement or to its consummation, shall have been instituted or
threatened against PHHC
or SVCCC, except
as stated in Exhibit 2.12, on or before Closing.

      

      5.5       Officer’s Certificate. PHHC and SVCC shall have delivered to
ALRN a certificate dated
the Closing signed by the President or Chief Executive Officer of each company
respectively, certifying
that each of the conditions specified in this Article has been fulfilled and
that all of the representations set forth in Article II are true and correct as
of Closing.

      

      5.6       Corporate Action. PHHC shall have obtained the
approval of the SVCC for
the transaction contemplated by this Agreement.

      

      5.7       Acceptance of Financial
Statements. ALRN
shall have reviewed and in its sole discretion accepted, prior to Closing, the
PATRICK HACKETT HARDWARE Company Financial Statements.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      

      ARTICLE
VI

      Conditions
Precedent to SVCC Performance

      

      6.1       Conditions. SVCC’S obligations hereunder
shall be subject to the satisfaction at or before the Closing of all the
conditions set forth in this Article VI. SVCC may waive any or all of
these conditions in whole or in part without prior notice; provided, however,
that no such waiver of a condition shall constitute a waiver by SVCC of any other condition of
or any of SVCC rights or
remedies, at law or in equity, if ALRN shall be in default of
any of its representations, warranties or covenants under this
Agreement.

      

      6.2       Accuracy of Representations.
Except as otherwise permitted by this Agreement, all representations and
warranties by ALRN in
this Agreement or in any written statement that shall be delivered to SVCC by ALRN under this Agreement
shall be true and accurate on and as of the Closing as though made at that
time.

      

      6.3       Performance. ALRN shall have performed,
satisfied and complied with all covenants, agreements and conditions required by
this Agreement to be performed or complied with by it on or before the
Closing.

      

      6.4       Absence of Litigation. No
action, suit or proceeding before any court or any governmental body or
authority, pertaining to the transaction contemplated by this Agreement or to
its consummation, shall have been instituted or threatened against ALRN on or before the
Closing.

      

      6.5       Officer’s Certificate. ALRN shall have delivered
to SVCC a certificate dated as of
the Closing signed by the President of ALRN certifying that each of
the conditions specified in this Article has been fulfilled and that all of the
representations set forth herein are true and correct.

      

      6.6       Payment of Liabilities. On, before, or immediately
after Closing (as defined as within five business days), ALRN shall have paid any
outstanding trade obligations and liabilities of ALRN.

      

      6.7       Directors of ALRN. On the
Closing date immediately following Closing, the Board of Directors of ALRN shall appoint the
designees of PHHC
or SVCC to ALRN’s Board of Directors and
all directors not so designated simultaneously will resign from the ALRN Board of
Directors.

      

      6.8       Officers of ALRN. On the
Closing date, the newly constituted Board of Directors of ALRN shall elect the officers
of ALRN and any other
then existing executive officers of ALRN shall resign.

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      

      ARTICLE
VII

      Closing

      

      7.1       Closing. The closing of this
Agreement shall be held at the offices of ALRN or at any mutually
agreeable place on or prior to December 22, 2008, unless extended by mutual
agreement (the “Closing”).  At Closing:

      

      (a)        The
Majority Shareholders of The Americas Learning Centers, Inc. shall deliver to
SVCC (i) stock
certificates representing the ALRN Shares which are to be placed in escrow by
SVCC under the terms and
conditions of the Escrow Agreement connected to this Agreement;

      

      (b)        ALRN shall deliver (i) the
Officer’s Certificate described in Section 6.5, (iii) signed minutes of its
Board of Directors meeting approving this Agreement and all agreements connected
to it, and (iv) resignations of ALRN’s executive officers and directors pursuant
to Sections 6.7 and 6.8;

      

      (c)        The
Noteholders of The Americas Learning Centers, Inc. shall deliver to the Escrow
Agent copies of their debt obligations owing by ALRN;

      

      (d)        SVCC shall deliver to ALRN (i) a copy of the Escrow
Agreement executed by
SVCC, (ii) the Officer’s
Certificate described in Section 5.5, and (iii) signed minutes of its Board of
Directors meeting approving this Agreement, and (iv) proof of a bank wire
transfer or check for $35,000 to “Gold Coast Professional Services, PA”, the
Escrow Agent, for the transactions contemplated herein, as the initial payment
against the Notes.

      

      ARTICLE
VIII

      Covenants
Subsequent to Closing

      

      
        8.1     
 Change in Name, Address and Reverse
Stock Split.
Following Closing, ALRN
shall:

      

       

      (a)        Change
its name to “Hackett’s Stores, Inc.”

       

      (b)        Change
its corporate address to:

      2001 SE
Sailfish Point Blvd., #112

      Stuart,
Florida 34996

      

      

      ARTICLE
IX

      Miscellaneous

      

      9.1        Captions and Headings. The
article and Section headings throughout this Agreement are for convenience and
reference only and shall not define, limit or add to the meaning of any
provision of this Agreement.

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      9.2       No Oral Change. This Agreement
and any provision hereof may not be waived, changed, modified or discharged
orally, but only by an agreement in writing signed by the party against whom
enforcement of any such waiver, change, modification or discharge is
sought.

      

      9.3       Non-Waiver. The failure of any
party to insist in any one or more cases upon the performance of any of the
provisions, covenants or conditions of this Agreement or to exercise any option
herein contained shall not be construed as a waiver or relinquishment for the
future of any such provisions, covenants or conditions.  No waiver by
any party of one breach by another party shall be construed as a waiver with
respect to any other subsequent breach.

      

      9.4       Time of Essence. Time is of
the essence of this Agreement and of each and every provision
hereof.

      

      9.5       Entire Agreement. This
Agreement contains the entire Agreement and understanding between the parties
hereto and supersedes all prior agreements and understandings.

      

      9.6       Choice of Law. This Agreement
and its application shall be governed by the laws of the state of Florida,
applicable to contracts and agreements made and performed entirely therein,
without giving effect to the rules or principles of conflict of
law.

      

      9.7       Counterparts. This Agreement
may be executed simultaneously in one or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same instrument.

      

      9.8       Notices. All notices,
requests, demands and other communications under this Agreement shall be in
writing and shall be deemed to have been duly given on the date of service if
served personally on the party to whom notice is to be given, or on the third
day after mailing if mailed to the party to whom notice is to be given, by first
class mail, registered or certified, postage prepaid, and properly addressed as
follows:

      

      THE
AMERICAS LEARNING CENTERS, INC.

      433 Plaza
Real

      Suite
275

      Boca
Raton, Fl 33432

      

      THE
MAJORITY STAKEHOLDERS OF

      THE
AMERICAS LEARNING CENTERS, INC.

      c/o 433
Plaza Real

      Suite
275

      Boca
Raton, Fl 33432

      

      SEAWAY
VALLEY CAPITAL CORPORATION

      10-18
Park Street, 2nd
Floor

      Gouverneur,
NY 13642

      

      PATRICK HACKETT HARDWARE
COMPANY

                               1223
Pickering Street

                               Ogdensburg,
NY 13369

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      

      9.9       Binding Effect. This Agreement
shall inure to and be binding upon the heirs, executors, personal
representatives, successors and assigns of each of the parties to this
Agreement.

      

      9.10     Mutual Cooperation. The
parties hereto shall cooperate with each other to achieve the purpose of this
Agreement and shall execute such other and further documents and take such other
and further actions as may be necessary or convenient to effect the transaction
described herein.

      

      9.11     Finders/Brokers. There are no
finders or brokers in connection with this transaction.

      

      9.12     Announcements.  The
parties will consult and cooperate with each other as to the timing and content
of any public announcements regarding this Agreement.

      

      9.13     Expenses. The expenses,
including legal fees incurred in connection with the preparation of this
Agreement, and all related documents, shall be paid by Hackett’s Stores, Inc.,
formerly ALRN, with
payment in full for all expenses to be guaranteed by SVCC.

      

      9.14     Survival of Representations and
Warranties. The representations, warranties, covenants and agreements of
the parties set forth in this Agreement or in any instrument, certificate,
opinion or other writing providing for in it, shall survive the
Closing.

      

                  9.15     Termination, Amendment and
Waiver.

      

      (a)        Termination.  This
Agreement may be terminated at any time prior to Closing:

      

      (1)        By
mutual agreement of ALRN, the Majority
Stakeholders of ALRN,
and SVCC.

      

      (2)        By
either ALRN or SVCC:

      

      
        	
                 
      

              	
                (i)

              	
                If
      any court of competent jurisdiction or any governmental, administrative or
      regulatory authority, agency or body shall have issued an order, decree or
      ruling or taken any other action permanently enjoining, restraining or
      otherwise prohibiting the transactions contemplated by this Agreement;
      or

              

      

      

      
        	
                 
      

              	
                (ii)

              	
                If
      the transaction shall not have been consummated on or before December 22,
      2008 unless the failure to consummate the transaction is the result of a
      material breach of this Agreement by the party seeking to terminate this
      Agreement.

              

      

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

       

      (3)        By
SVCC, if ALRN breaches any of its
representations or warranties hereof or fails to perform in any material respect
any of its covenants, agreements or obligations under this Agreement;
and

      

      (4)        By
ALRN, if SVCC breaches any of its
representations or warranties hereof or fails to perform in any material respect
any of its covenants, agreements or obligations under this
Agreement.

      

      (b)        Effect of
Termination.  In the event of termination of this Agreement, as
provided herein, this Agreement shall forthwith become void and have no effect,
without any liability or obligation on the part of any party hereto to the
other, and such termination shall not relieve any party hereto for any
intentional breach prior to such termination by a party hereto of any of its
representations or warranties or any of its covenants or agreements set forth in
this Agreement.

      

      (c)        Extension;
Waiver.  At any time prior to Closing, the parties may, to the
extent legally allowed, (a) extend the time for the performance of any of the
obligation of the other acts of the other parties, (b) waive any inaccuracies in
the representations and warranties contained herein or in any document delivered
pursuant hereto or waive compliance with any of the agreements or conditions
contained herein.  Any agreement on the part of a party to any such
extension or waiver shall be valid only if set forth in an instrument in writing
signed on behalf of such party.  The failure of any party to this
Agreement to assert any of its rights under this Agreement or otherwise shall
not constitute a waiver of such rights.

      

      (d)        Procedure for Termination, Amendment,
Extension or Waiver.  A termination of this Agreement, an
amendment of this Agreement or an extension or waiver shall, in order to be
effective, require in the case of ALRN, or SVCC, action by its respective
Board of Directors or the duly authorized designee of such Board of
Directors.

      

      10.
      Unwind of the
Transaction.  Should the Majority Stakeholders of The Americas
Learning Centers, Inc., or SVCC declare in writing a
breach of the representations and warranties in this Agreement (a “Breach”), or
should SVCC, PHHC, or
the ALRN successor, HSI,
fail to meet any or all of the payment requirements of this Agreement to the
Stakeholders of The Americas Learning Centers, Inc. (a “Payment Failure”), which
Breach or Payment Failure is not waived by the other Party thereto or cured by
SVCC or PHHC to the satisfaction of
the other Party, then the Party affected by the Breach, or the Majority
Stakeholders of The Americas Learning Centers, Inc. (by plurality vote of all
such Stakeholders) may notify the other Parties that the transactions
contemplated and executed by this Agreement and all agreements connected to
them, including, but not limited to, the Escrow Agent and the Notes, are to be
immediately cancelled, and the assets and liabilities properly owned and titled
to each of the Parties prior to Closing shall be immediately returned to that
respective Party, including any assets or liabilities held under the Escrow
Agreement (the “Unwind”).  Should such an Unwind occur, 100% of the capital
stock and assets of PHHC
shall be immediately transferred back to SVCC, as well as any and all
liabilities and obligations of the PHHC that may have been
incurred from the time of Closing of this Agreement and which are unrelated to
this Agreement and the other agreements and Notes connected hereto. Such Unwind
actions shall not be challenged by the Majority Stakeholders of The Americas
Learning Centers, Inc.

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

       

      IN WITNESS WHEREOF, the
parties have executed this Agreement concerning the matters herein as of the
Effective Date.

      

      
        	
                SEAWAY
      VALLEY CAPITAL CORPORATION

              

      

      

      By: /s/ Thomas W.
Scozzafava

             Thomas
W. Scozzafava, President/CEO

       

      
      

      PATRICK
HACKETT HARDWARE COMPANY

      

      By: /s/ Thomas W.
Scozzafava

             Thomas
W. Scozzafava, President/CEO

      

      THE
AMERICAS LEARNING CENTERS, INC

      

      By:  /s/ Donald
Platten

              Donald
Platten, President

      

      THE
MAJORITY SHAREHOLDERS OF THE AMERICAS LEARNING CENTERS, INC.

      

      By:  /s/ Donald
Platten

             Donald
Platten, an individual

       Shares
owned: 85,250,845

      

      GOLD
COAST PROFESSIONAL SERVICES, P.A.

      

      By:  Donald
Platten

             Donald
Platten, Vice President

             Gold
Coast Professional Services, PA

             Shares
owned: 44,201,280

      

      GROWTH
CAPITAL ENTERPRISES, INC.

      

      By:  /s/ Dennis
Ruggeri

             Dennis
Ruggeri, Vice President

             Shares
owned: 16,000,000

      

      NOTEHOLDERS
OF THE AMERICAS LEARNING CENTERS, INC.

      

      By:  /s/ Donald
Platten

             Donald
Platten, an individual

       

      By:  /s/ Donald Platten,
Jr.

             Donald
Platten, Junior, an individual

      

      By:  /s/ Guy M.
Jean-Pierre

             Guy
M. Jean-Pierre, an individual

       

      
        16

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