Document:

v152367_ex4-1 -- Converted by SECPublisher 2.1.1.8, created by BCL Technologies Inc., for SEC Filing

      Exhibit
4.1Exhibit 10.1
    

    
      STOCK PURCHASE AGREEMENT
    

    

    

    
      THIS STOCK PURCHASE AGREEMENT (the “Agreement”) is entered into and is
      effective on this 16th day of June 2009 by and between
      JB Clothing Corporation, a Nevada corporation with principal address at
      47 Fountainhead Circle, Henderson, Nevada 89052 (the “Buyer”), and
      Bio-Matrix Scientific Group, Inc., a Delaware corporation with principal
      address at 8885 Rehco Road, San Diego, California 92121  (the “Seller”).
      As used in this Agreement, the term, “Parties” shall refer to the Buyer
      and the Seller jointly.
    

    
      WHEREAS:
    

    
      A.        Seller desires to sell and transfer to Buyer, all of the
      outstanding common stock of Entest Biomedical, Inc., a California
      corporation (the “Subsidiary Stock”) for a total purchase price of Ten
      Million (10,000,000) shares of the common stock of Buyer (the “Purchase
      Price”).
    

    
      B.        The Buyer desires to purchase the Subsidiary Stock for the
      Purchase Price.
    

    
      C.        The Parties have completed their negotiations and subject to
      the terms and conditions set forth herein, hereby enter into this
      Agreement.
    

    
      THERFORE, IT IS AGREED AS FOLLOWS:
    

    
      1.  DEFINITIONS
    

    
      “Affiliate” means, with respect to any specified
      Person, a Person that directly or indirectly, through one or more
      intermediaries, controls or is controlled by, or is under common control
      with, the Person specified.
    

    
      “Stockholder” means Rick Plote.
    

    
      “Shares to be Cancelled” means the cancellation of
      Ten Million (10,000,000) shares of the common stock of Buyer issued to,
      owned by, and registered in the name of Rick Plote.
    

    
      “Entest” means Entest Biomedical, Inc., a California
      corporation
    

    
      “Liability” means any liability (whether known or
      unknown, whether asserted or unasserted, whether absolute or contingent,
      whether accrued or unaccrued, whether liquidated or unliquidated, and
      whether due or to become due), including any liability for Taxes.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      “Contract” means any contract, lease, commitment,
      understanding, sales order, purchase order, agreement, indenture,
      mortgage, note, bond, right, warrant, instrument, plan, permit or
      license, whether written or oral, which is intended or purports to be
      binding and enforceable.
    

    
      “Person” means an individual, a partnership, a
      corporation, an association, a joint stock company, a trust, a joint
      venture, an unincorporated organization, or a governmental entity (or
      any department, agency, or political subdivision thereof).
    

    
      “Purchase Price” means Ten Million (10,000,000)
      shares of the Stock of Buyer as issued by Buyer to Seller with each
      stock certificate representing said shares to contain a restricted
      securities legend in accordance with the Securities Act.
    

    
      “Shares” means all of the outstanding shares of the common
      stock of Entest owned and held by the Seller with each stock certificate
      representing the Shares to contain a restricted securities legend in
      accordance with the Securities Act.
    

    
      “Permitted Liabilities” means Liabilities owed to
      trade creditors, to governmental entities for payroll and personal
      property taxes and other like Liabilities incurred in the Ordinary
      Course of Business not in excess of One Thousand Dollars ($1,000).
    

    
      “Material Adverse Effect” shall mean any
      circumstances, developments or matters whose effect on the Business any
      of the Buyer, properties, assets, results, operations, conditions
      (financial and other) and prospects, either alone or in the aggregate,
      is or would reasonably be expected to be materially adverse.
    

    
       “Environmental Laws” mean all federal, state,
      provincial, local and foreign statutes, regulations, ordinances and
      other provisions having the force or effect of law, all judicial and
      administrative orders and determinations, all contractual obligations
      and all common law concerning public health and safety, worker health
      and safety, and pollution or protection of the environment including,
      without limitation, all those relating to the presence, use, production,
      generation, handling, transportation, treatment, storage, disposal,
      distribution, labeling, testing, processing, discharge, release,
      threatened release, control, or cleanup of any Hazardous Substances,
      materials or wastes, chemical substances or mixtures, pesticides,
      pollutants, contaminants, toxic chemicals, petroleum products or
      byproducts, asbestos, polychlorinated biphenyls, noise or radiation,
      each as amended and as now or hereafter in effect, including (but not
      limited to) the Comprehensive Environmental Response, Compensation and
      Liability Act of 1980, the Superfund Amendments and Reauthorization Act
      of 1986, as amended, the Resource Conservation and Recovery Act of 1976,
      as amended, the Toxic Substances Control Act of 1976, as amended, the
      Federal Water Pollution Control Act Amendments of 1972, the Clean Water
      Act of 1977, as amended, and the Waste Management Act, R.S.B.C. 1996 c.
      482; Canadian Environmental Protection Act, 1999; S.C. 1999, c. 33 and
      any regulations thereto, each as amended, any so-called “Superlien” law,
      and any other similar federal, state, provincial or local statutes.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      “Employee” means each employee and leased employee
      regardless of whether the term is initially capitalized.
    

    
      “Employee Benefit Plan” means any (a) nonqualified
      deferred compensation or retirement plan or arrangement, (b) qualified
      defined contribution retirement plan or arrangement which is an Employee
      Pension Benefit Plan, (c) qualified defined benefit retirement plan or
      arrangement which is an Employee Pension Benefit Plan (including any
      Multiemployer Plan), or (d) Employee Welfare Benefit Plan or material
      fringe benefit or other retirement, bonus, or incentive plan or program.
    

    
      “Employee Pension Benefit Plan” has the meaning set
      forth in ERISA §3(2).
    

    
      “Employee Welfare Benefit Plan” has the meaning set
      forth in ERISA §3(1).
    

    
      “Tax” means any federal, state, local, or foreign
      income, gross receipts, license, payroll, employment, excise, severance,
      stamp, occupation, premium, windfall profits, environmental , customs
      duties, capital stock, franchise, profits, withholding, social security
      (or similar), unemployment, disability, real property, personal
      property, sales, use, transfer, registration, value added, alternative
      or add-on minimum, estimated, or other tax of any kind whatsoever,
      including any interest, penalty, or addition thereto, whether disputed
      or not.
    

    
      “Tax Return” means any return, declaration, report,
      claim for refund, or information return or statement relating to Taxes,
      including any schedule or attachment thereto, and including any
      amendment thereof.
    

    
      2.  ESCROW. On or before June 16, 2009, each of the
      Parties shall execute and deliver an executed copy of the Escrow
      Agreement to the Escrow Agent and perform all of the duties set forth in
      the Escrow Agreement attached hereto as Exhibit A.
    

    
      3.  SHARES TO BE CANCELLED. On or before June 19, 2009,
      Stockholder shall deliver to the Escrow Agent, one or more stock
      certificates representing the Shares to be Cancelled with instructions
      authorizing and instructing the Escrow Agent to deliver the Shares to be
      Cancelled to the Company’s stock transfer agent so that the same may be
      returned and cancelled.
    

    
      4.  THE CLOSING. The closing of this Transaction (the “Closing”) shall
      take place at the offices of Law Offices of Joseph Pittera commencing at
      10:00 a.m. Pacific Time three   (3) business day following the
      satisfaction or waiver of all conditions to the obligations of the
      parties to consummate this Transaction (other than conditions with
      respect to actions the respective parties will take at the Closing
      itself) or such other date as the parties may mutually determine (the
      “Closing Date”). It is the intent of the parties that the Buyer shall
      assume control of Entest immediately after the Closing.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      5.  REPRESENTATIONS OF THE SELLER.
    

    
      (a)  Authorization of Transaction. The Seller has full power and
      authority to execute and deliver this Agreement and to perform his
      obligations hereunder. This Agreement constitutes the valid and legally
      binding obligation of the Seller, enforceable in accordance with its
      terms and conditions. The Seller need not give any notice to, make any
      filing with, or obtain any authorization, consent, or approval of any
      government or governmental agency in order to consummate this
      Transaction.
    

    
      (b)  Brokers’ Fees. Neither the Seller nor Entest has any Liability or
      obligation to pay any fees or commissions to any broker, finder, or
      agent with respect to this Transaction for which the Buyer could become
      liable or obligated.
    

    
      (c)   Shares. The Seller holds of record and owns beneficially all of
      the Shares, free and clear of any restrictions on transfer (other than
      any restrictions under the Securities Act and state securities Laws),
      Taxes, Liens, options, warrants, purchase rights, Contracts,
      commitments, equities, claims, and demands. The Seller is not a party to
      any option, warrant, purchase right, or other Contract or commitment
      that could require the Seller to sell, transfer, or otherwise dispose of
      any Shares (other than this Agreement). The Seller is not a party to any
      voting trust, proxy, or other agreement or understanding with respect to
      the voting of any Shares.
    

    
      (d)   Entest is a corporation duly organized, valid and existing under
      the Laws of California. Entest is duly authorized to conduct business
      and is in good standing under the Laws of each jurisdiction except where
      the failure to be so qualified would not have a Material Adverse Effect
      on Entest. Entest has full corporate power and authority and all
      licenses, Permits, and authorizations necessary to carry on the Business
      in which it is engaged and to own and use the properties owned and used
      by it. Entest is not in default under or in violation of any provision
      of its articles of incorporation or bylaws.
    

    
      (e)  The entire authorized capital stock of Entest consists of
      100,000,000 shares of common stock, $0.00001 par value, of which 1,500
      shares are issued and outstanding and no shares are unissued. All of the
      issued and outstanding Shares of Entest have been duly authorized, are
      validly issued, fully paid, and nonassessable, and are held of record by
      the Seller. There are no outstanding or authorized options, warrants,
      purchase rights, subscription rights, conversion rights, exchange
      rights, or other Contracts or commitments that could require Entest to
      issue, sell, or otherwise cause to become outstanding any of the Shares
      of Entest. There are no outstanding or authorized stock appreciation,
      phantom stock, profit participation, or similar rights with respect to
      the Shares of Entest. There are no voting trusts, proxies, or other
      agreements or understandings with respect to the voting of the Shares of
      Entest.
    

    
      (f)  The assignments, endorsements, stock powers and other instruments
      of transfer delivered by the Seller to the Buyer at the Closing will be
      sufficient to transfer the Seller’s entire interest, legal and
      beneficial, in the Shares and, after such transfer, the Buyer shall own
      all of the Shares. The Seller has full power and authority (including
      full corporate power and authority) to convey good and marketable title
      to all of the Shares, and upon transfer to the Buyer of the certificates
      representing such Shares, the Buyer will receive good and marketable
      title to such Shares, free and clear of all Liens.
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (g)  Noncontravention. Neither the execution and the delivery of this
      Agreement, nor the consummation of this Transaction will (i) violate any
      constitution, Law, regulation, rule, injunction, judgment, order,
      decree, ruling, charge, or other restriction of any government,
      governmental agency, or court to which  Entest is subject or any
      provision of the articles of incorporation or bylaws of  Entest, or (ii)
      conflict with, result in a breach of, constitute a default under, result
      in the acceleration of, create in any party the right to accelerate,
      terminate, modify, or cancel, or require any notice under any Contract,
      lease, license, instrument, or other arrangement to which  Entest is a
      party or by which it is bound or to which any of its assets is subject
      (or result in the imposition of any Lien upon any of its assets).
    

    
      6. REPRESENTATIONS OF THE BUYER.
    

    
      (a)  Organization of the Buyer and Capital Stock. The Buyer is a
      corporation duly organized, validly existing, and in good standing under
      the laws of the State of Nevada and legally authorized to do business in
      the states in which it conducts business. The Buyer is not in default
      under or in violation of any provision of its articles of incorporation
      or bylaws. The capital stock of Buyer is and will be at Closing as
      follows (except for the Ten Million Shares issued to Seller in payment
      of the Purchase Price): Buyer has 70,000,000 shares of its Common Stock
      outstanding (par value $0.001) of which 14,000,000 shares are issued and
      outstanding and 5,000,000 shares of its Preferred Stock (par value
      $0.001) are authorized of which no Preferred Shares are issued and
      outstanding. Buyer’s stockholders have not approved or ratified any
      amendment to Buyer’s Certificate of incorporation or Bylaws. Buyer has
      not entered into any agreement, commitment, or understanding, oral or
      written, which would cause Buyer to have any obligation to issue any
      additional shares of its capital stock or which would result in the
      issuance of additional shares of Buyer’s capital stock.
    

    
      (b)  Authorization of Transaction. The Buyer has full power and
      authority (including full corporate power and authority) to execute and
      deliver this Agreement and to perform its obligations hereunder. This
      Agreement constitutes the valid and legally binding obligation of the
      Buyer, enforceable in accordance with its terms and conditions. The
      Buyer need not give any notice to, make any filing with, or obtain any
      authorization, consent, or approval of any government or governmental
      agency in order to consummate this Transaction. All of the Shares to be
      Cancelled as delivered by the Stockholder at Closing are, as delivered,
      free from any claims and interests of any third parties and said shares
      may be cancelled by the Buyer without Buyer incurring any liabilities to
      any third party.
    

    
      (c)  Noncontravention. Neither the execution and the delivery of this
      Agreement, nor the consummation of this Transaction, will (i) violate
      any constitution, Law, regulation, rule, injunction, judgment, order,
      decree, ruling, charge, or other restriction of any government,
      governmental agency, or court to which the Buyer is subject or any
      provision of its charter or bylaws or (ii) conflict with, result in a
      breach of, constitute a default under, result in the acceleration of,
      create in any party the right to accelerate, terminate, modify, or
      cancel, or require any notice or consent under any agreement, Contract,
      lease, license, instrument, or other arrangement to which the Buyer is a
      party or by which it is bound or to which any of its assets is subject
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (d)  Brokers’ Fees. The Buyer has no Liability or obligation to pay any
      fees or commissions to any broker, finder, or agent with respect to this
      Transaction for which the Seller could become liable or obligated.
    

    
      (e)  Title to Assets. The Buyer has good and marketable title to, or a
      valid leasehold interest in, the properties and assets used by it.
    

    
      (f)  Subsidiaries. The Buyer does not have any direct or indirect
      Subsidiaries, either wholly or partially owned and the Buyer has no
      direct or indirect economic, voting or management interest in any Person
      or owns any securities issued by any Person.
    

    
      (g)  Since the filing of the Buyer’s Form 10-Q for the  quarter ending
      February 28, 2009 with the U.S. Securities and Exchange Commission there
      has not been any material change in the Business, financial condition,
      operations, results of operations, or future prospects of any of the
      Buyer which would have a Material Adverse Effect on of the Buyer.
    

    
      (h)  Undisclosed Liabilities. The Buyer does not have any Liability in
      excess of One Thousand Dollars ($1,000) that has not been disclosed in
      Buyer’s Form 10-Q filed with the U.S. Securities and Exchange Commission
      for the period ending February 28, 2009.
    

    
      (i)  Tax Matters. The Buyer has duly and timely filed all Tax Returns
      that it has been required to file for all periods through and including
      the Closing Date. All such Tax Returns were correct and complete in all
      respects. There are no Liens on any of the assets of the Buyer that
      arose in connection with any failure (or alleged failure) to pay any
      Tax. None of the Tax Returns of the Buyer has ever been audited or
      investigated by any taxing Authority, and no facts exist which would
      constitute grounds for the assessment of any additional Taxes by any
      taxing Authority with respect to the taxable years covered in such Tax
      Returns. The Buyer has withheld and paid all Taxes required to have been
      withheld and paid including, without limitation, sales and use taxes,
      and all Taxes in connection with amounts paid or owing to any employee,
      independent contractor, creditor, stockholder, or other third party.
    

    
      (j)  Real Property. The Buyer does not own or have any interest in any
      Real Property.
    

    
      (k)  Intellectual Property. The Buyer has no basis to believe that it is
      or has infringed upon the Intellectual Property rights that may be
      claimed or held by others.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (l)  Contracts. The Buyer is not a party to any: (A) Contract (or group
      of related Contracts) for the lease of personal property to or from any
      Person; (B) any Contract (or group of related Contracts) with person;
      (C) any lease, pledge, conditional sale or title retention agreement;
      (D) any Contract concerning a partnership or joint venture; (E) any
      Contract with a sales representative, manufacturer’s representative,
      distributor, dealer, broker, sales agency, advertising agency or other
      Person engaged in sales, distributing or promotional activities, or any
      agreement to act as one of the foregoing on behalf of any Person; (F)
      any Contract (or group of related Contracts) under which it has created,
      incurred, assumed, or guaranteed any indebtedness for borrowed money, or
      any capitalized lease obligation, or under which it has imposed a Lien
      on any of its assets, tangible or intangible; (G) any Contract pursuant
      to which the Buyer has made or will make loans or advances, or has or
      will have incurred debts or become a guarantor or surety or pledged its
      credit on or otherwise become responsible with respect to any
      undertaking of another Person (except for the negotiation or collection
      of negotiable instruments in transactions in the Ordinary Course of
      Business); (H) any mortgage, indenture, note, bond or other agreement
      relating to indebtedness incurred or provided by the Buyer; (I) any form
      of Contract concerning confidentiality or non-competition or otherwise
      prohibiting the Buyer from freely engaging in any business; (J) any
      profit sharing, stock option, stock purchase, stock appreciation,
      deferred compensation, severance, or other plan or arrangement for the
      benefit of its current or former directors, officers, and employees; (K)
      any license, royalty or other Contract relating to Intellectual
      Property; (L) any Contract involving a governmental body; (M) any
      Contract for the employment of any individual on a full-tune, part-time,
      consulting, or providing severance benefits; (N) any Contract, whether
      or not fully performed, relating to any acquisition or disposition of
      the Buyer or any predecessor in interest or any acquisition or
      disposition of any subsidiary , division, line of business, or real
      property; (O) any Contract under which the Buyer has advanced or loaned
      any amount to any of its Directors, officers, and employees; and (P) any
      Contract under which the consequences of a default or termination could
      have an adverse effect on the business, financial condition, operations,
      results of operations, or future prospects of the Buyer.
    

    
      (m)  Notes and Accounts Payable. All notes and accounts payable of the
      Buyer are reflected properly on its books and records.
    

    
      (n)  Powers of Attorney. There are no outstanding powers of attorney
      executed on behalf of the Buyer
    

    
      (o)  Insurance. The Buyer maintains sufficient insurance coverage
      reasonably appropriate for its current operations
    

    
      (p)  Litigation. To the Knowledge of the Buyer and its officers and
      directors, the Buyer is not subject to any outstanding injunction,
      judgment, order, decree, ruling, or charge or (ii) is not a party to any
      action, suite or proceeding, baring, investigation, or of, in, or before
      any court or quasi-judicial or administrative agency of any federal,
      state, local, or foreign jurisdiction or before any arbitrator; (iii) is
      not threatened to be made a party to any action, suit, proceeding,
      baring, or investigation of, in, or before any court or quasi-judicial
      or administrative agency of any federal, state, local, or foreign
      jurisdiction or before any arbitrator.
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (q)  Employees. The Buyer has no outstanding oral or written employment
      agreements, commitments, or understandings. The Buyer does not maintain
      or have any commitments, oral or written, relating to any: (A)Employee
      Benefit Plan,  Employee Welfare Benefit Plan or Employee Pension Benefit
      Plan; (B) any retirement or deferred compensation plan, incentive
      compensation plan, stock plan, unemployment compensation plan, vacation
      pay, severance pay, bonus or benefit arrangement, insurance or
      hospitalization program or any other fringe benefit arrangements for any
      current or former employee, director, consultant or agent, whether
      pursuant to Contract, arrangement, custom or informal understanding,
      which does not constitute an Employee Welfare Benefit Plan or Employee
      Pension Benefit Plan; or (C) any employment agreement.
    

    
      (r)  Environmental Matters. The Buyer and its Affiliates: (A) have
      complied and are in substantial compliance with all Environmental Laws
      and no action, suit, proceeding, hearing, investigation, charge,
      complaint, claim, demand or notice has been filed or commenced against
      any of them alleging any such failure to comply with any such
      Environmental Laws; (B) have not received any written or oral notice,
      report or other information regarding any actual or alleged violation of
      Environmental Laws, or any Liabilities or potential Liabilities (whether
      known or unknown, whether asserted or unasserted, whether absolute or
      contingent, whether accrued or unaccrued, whether liquidated or
      unliquidated, and whether due or to become due), including any
      investigatory, remedial or corrective obligations, relating to any of
      them or its facilities arising under Environmental Laws.
    

    
      (s)  Claims Against Officers and Directors. There are no threatened
      claims against any Director, officer, employee or agent of the Buyer or
      any other Person which could give rise to any claim for indemnification
      against the Buyer.
    

    
      (t)  Taxes. On the Closing Date, the Buyer shall have no Liability for
      any Taxes.
    

    
      (u)  Debt. On the Closing Date, the Buyer shall not have any Liabilities
      other than Permitted Liabilities unless the Seller’s written consent
      thereto shall have been delivered by the Seller to the Buyer prior to
      the Closing.
    

    
      (v)  Accuracy of Statements. Neither this Agreement nor any Schedule,
      exhibit, statement, list, document, certificate or other information
      furnished or to be furnished by the Buyer to the Seller in connection
      with this Agreement or this Transaction contains or will contain any
      untrue statement of a material fact or omits or will omit to state a
      material fact necessary to make the statements contained herein or
      therein, in light of the circumstances in which they are made, not
      misleading.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      (w)  Securities Laws. All of the Shares acquired by the Buyer pursuant
      to this Agreement are being acquired by the Buyer for investment
      purposes only and each certificate representing the Shares shall bear a
      restricted securities legend consistent with the requirements of Section
      4(2) of the Securities Act of 1933.
    

    
      7. CONDITIONS PRECEDENT TO CLOSING
    

    
       (a) Each officer and Director of the Buyer shall tender his or her
      resignation from such position as of a date two days subsequent to the
      execution of this Agreement and (i) a resolution shall be duly adopted
      by the Buyer’s Board of Directors, electing the Seller’s nominees to the
      Buyer’s Board of Directors and (ii) a resolution shall be duly adopted
      appointed David Koos as President, Chief Executive Officer, Chief
      Financial Officer, Principal Accounting Officer, Secretary
      and  Treasurer of the Buyer as of a date two days subsequent to the
      execution of this Agreement.
    

    
      (b) (i) The original copy of all corporate minutes and actions of the
      Board of Directors and shareholders of the Buyer, including, but not
      limited records and authorizations received or issued to the Buyer’s
      stock transfer agent, the name and contact information of the Buyer’s
      tax advisors, accountants, and legal counsel, EDGAR filing agent, a
      listing of the EDGAR filing codes and such other information as may be
      reasonably necessary to allow the Buyer’s new officer and director to
      effect a timely filing of the Buyer’s periodic reports with the U.S.
      Securities and Exchange Commission shall be delivered to David Koos
      prior to June 20, 2009; (ii) A copy of all contracts, agreements,
      and commitments, leases, and all other documents relating to all real
      and personal property owned or leased by the Buyer  together with such
      other documents as may be reasonably necessary to allow the new
      officer  and director of the Buyer to function as such shall be
      delivered to  David Koos prior to June 20, 2009.
    

    
      (c) On the Closing Date the Buyer shall have not have any obligation to
      issue any shares of its capital stock or any obligation to issue any
      security convertible or exchangeable for its capital stock or which upon
      exercise of any option, right, or warrant would result in the issuance
      of its capital. Further, the Stockholder shall have delivered to the
      Escrow Agent, one or more stock certificates representing the Shares to
      be Cancelled together with written instructions instructing the Escrow
      Agent to effect the cancellation of the Shares to be Cancelled.
    

    
      (d) All representations and warranties of Section 6 shall have been
      accurate, true and correct on and as of the date of this Agreement, and
      shall also be accurate, true and correct on and as of the Closing Date
      with the same force and effect as though made on and as of the Closing
      Date.
    

    
      (e) The Seller and Buyer shall have compiled and prepared all documents
      required, including any audits of financial statements of Entest, in
      order that the applicable requirements of Form 8-K may be complied with
      by the Buyer.   
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      8.  GOVERNING LAW. This Agreement shall be governed by and construed in
      accordance with the domestic Laws of the State of California as if this
      Agreement were fully performed and all obligations recited herein were
      undertaken solely within the State of California without giving effect
      to any choice or conflict of Law provision or rule (whether of the State
      of California or any other jurisdiction) that would cause the
      application of the Laws of any jurisdiction other than the State of
      California. Any dispute or claims made under this Agreement or any
      attempt to enforce the terms of this Agreement shall be resolved in the
      courts of California.
    

    
      9. NOTICES. All notices, requests, demands, claims, and other
      communications hereunder will be in writing. Any notice, request,
      demand, claim, or other communication hereunder shall be deemed duly
      given if (and then two (2) business days after) it is sent by registered
      or certified mail, return receipt requested, postage prepaid, and
      addressed to the intended recipient as set forth below:
    

    
      To Seller:
David R. Koos
C/O Bio-Matrix Scientific Group Inc.
1010
      University Avenue #40
San Diego, CA 92103
    

    
      To Buyer:
    

    
      Rick Plote
C/O JB Clothing Corporation
47 Fountainhead Circle
Henderson,
      Nevada 89052
    

    
      10. AMENDMENTS AND WAIVERS. No amendment of any provision of this
      Agreement shall be valid unless the same shall be in writing and signed
      by the Buyer and the Seller. No waiver by any party of any default,
      misrepresentation, or breach of warranty or covenant hereunder, whether
      intentional or not, shall be deemed to extend to any prior or subsequent
      default, misrepresentation, or breach of warranty or covenant hereunder
      or affect in any way any rights arising by virtue of any prior or
      subsequent such occurrence.
    

    
      11. SEVERABILITY. Any term or provision of this Agreement that is
      invalid or unenforceable in any situation in any jurisdiction shall not
      affect the validity or enforceability of the remaining terms and
      provisions hereof or the validity or enforceability of the offending
      term or provision in any other situation or in any other jurisdiction.
    

    
      12. CONSTRUCTION. The parties have participated jointly in the
      negotiation of this Agreement. In the event an ambiguity or question of
      intent or interpretation arises, this Agreement shall be construed as if
      drafted jointly by the parties and no presumption or burden of proof
      shall arise favoring or disfavoring any party by virtue of the
      authorship of any of the provisions of this Agreement. Any reference to
      any federal, state, local, or foreign statute or Law shall be deemed
      also to refer to all rules and regulations promulgated thereunder,
      unless the context requires otherwise. The word “including” shall mean
      including without limitation.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      13. EXPENSES. Each party will bear his or its own costs and expenses
      (including, but not limited to, legal fees and expenses) incurred in
      connection with this Agreement and this Transaction.
    

    
      14. SUCCESSION AND ASSIGNMENT. This Agreement shall be binding upon and
      inure to the benefit of the parties named herein and their respective
      successors and permitted assigns. No party may assign either this
      Agreement or any of his or its rights, interests, or obligations
      hereunder without the prior written approval of the Buyer and the Seller.
    

    
      15. SPECIFIC PERFORMANCE. Each of the parties acknowledges and agrees
      that the other parties would be damaged irreparably in the event any of
      a material breach of this Agreement. Accordingly, each of the parties
      agrees that the other parties shall be entitled to an injunction or
      injunctions to prevent breaches of the aforementioned provisions of this
      Agreement and to enforce specifically this Agreement and the terms and
      provisions hereof in any action instituted in any court of the United
      States or any state thereof having jurisdiction over the parties and the
      matter, in addition to any other remedy to which they may be entitled,
      at law or in equity.
    

    
      16. SEVERABILITY. Any term or provision of this Agreement that is
      invalid or unenforceable in any situation in any jurisdiction shall not
      affect the validity or enforceability of the remaining terms and
      provisions hereof or the validity or enforceability of the offending
      term or provision in any other situation or in any other jurisdiction.
    

    
      17. TERMINATION. This Agreement may be terminated upon the written
      consent of all Parties and shall automatically terminate in the event a
      Closing shall not have occurred by August 20, 2009.
    

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

    

    

    
    	
           
        	
          
            “Buyer”
          

        	

        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          
            By: /s/Rick Plote
          

          
             
          

        	

        
	

        	
          Name: Rick Plote, President
        	

        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          
            “Seller”
          

        	

        
	

        	

        	
           
        
	

        	
          Bio-Matrix Scientific Group, Inc.,
        
	

        	
          a Delaware corporation
        	

        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          
            By: /s/David Koos
          

          
             
          

        	

        
	

        	
          
            David R. Koos, Chairman and CEO

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