Document:

Exhibit
10.1

 

PROMISSORY
Note Amendment

 

This
special amendment (the “Special Amendment”) is made as of the Effective Date indicated above the signature lines below,
between ACG Global Solutions Inc. (“ACG”) and Verus International Inc. (“Verus”).

 

WHEREAS
ACG and Verus entered into a promissory note dated on or about March 27, 2020 in which Verus agrees to repay money to ACG (the
“Note”).

 

WHEREAS
ACG is the Holder of the Note.

 

WHEREAS
ACG and Verus desire to amend the terms of the Note.

 

NOW
THEREFORE, in consideration of the representations, warranties, covenants, and agreements, and upon the terms and conditions hereinafter
set forth, the parties hereto do hereby each agree as follows:

 

	 	a.	No
    Payments. ACG and Verus each agree and acknowledge that as of the Effective Date of this Special Amendment, no payments
    have been made pursuant to the Note.
	 	 	 
	 	b.	Maturity
    Date. ACG agrees to extend the Note Maturity Date such that the Note Maturity Date shall be December 31, 2021.
    
	 	 	 
	 	c.	Prepayment.
    The following prepayment clause shall be added to the Note:

 

“In
the event the Payee has received a total of $150,000.00 or more pursuant to the Note on or before December 31, 2021 (the “Prepayment”),
then the Note shall be forgiven and considered paid in full”.

 

	 	d.	Event
    of Default. Until January 1, 2022, the only “Event of Default” on the Note shall be Company’s failure
    to make the Prepayment.
	 	 	 
	 	e.	Note
    Collateral. ACG acknowledges Big League Foods is no longer an Asset of the Company nor collateral for the Note.
	 	 	 
	 	f.	Additional
    Remedies. The following remedies shall be added to the Note, in addition to all other remedies available to the Payee:

 

“If
there exists an Event of Default, then the Company agrees to the entry of a Confession of Judgment. Specifically, Company hereby
irrevocably appoints and constitutes Holder as Company’s duly appointed attorney-at-law to appear in any court of competent
jurisdiction, and to confess judgment pursuant to the provision of the Delaware Code, against Company for all principal and interest
and any other amounts due and payable under this Note, together with attorney’s fees and collection fees. This power of
attorney is coupled with an interest and may not be revoked or terminated by Company. This power of attorney shall not be revoked
or terminated by virtue of the death, disability, or dissolution of Company. No single exercise of the power to confess judgment
shall be deemed to exhaust the power, and no judgment against Company shall bar subsequent action or judgment against such entity
against whom the judgment has not been obtained in this Note.

 

The
Company agrees to execute any document (within five (5) days of notice) that is requested by the Payee in order to enforce Payee’s
rights under this Note, including but not limited to rights associated with the Confession of Judgment.”

 

    	 

    	Page 2

    

 

	 	g.	No
    Other Changes. All other provisions of the Note not specifically addressed in this Special Amendment shall be unchanged
    and remain in full force and effect.

 

The
Effective Date of this Special Amendment shall be: DECEMBER 18, 2020.

 

	ACG
    Global Solutions Inc.	 	Verus
    International Inc.
	 	 	 	 	 
	Signed:
    	        	 	Signed:	                
	 	 	 	 	 
	Name:
    	Andrew
    Garnock 	 	Name:	Anshu
    Bhatnagar
	 	 	 	 	 
	Title:
    	Manager	 	Title:	Chief
    Executive OfficerExhibit
10.2

 

[*]
Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 

LETTER
AGREEMENT

ACG
Global Solutions Inc.; Verus International Inc.; 

Big
League Foods Inc.; Game On Foods Inc.

 

 

This
letter agreement (the “Agreement”) is made as of the Effective Date indicated above the signature lines below, between
ACG Global Solutions Inc. (“ACG”) and Verus International Inc. (“Verus”) and Big League
Foods Inc. (“BLF”) and Game On Foods Inc. (“GOF”).

 

WHEREAS
Verus is the sole owner of BLF.

 

WHEREAS
BLF requires assistance with certain business matters.

 

WHEREAS,
GOF has the experience and expertise to assist BLF in the BLF business matters.

 

WHEREAS
Verus executed a certain promissory note in the Original Principal Amount of $312,500.00 on or about March 31, 2020 (the “Note”)
and ACG is the Holder of the Note.

 

WHEREAS
Verus and ACG desire to modify the terms of the Note.

 

NOW
THEREFORE, in consideration of the representations, warranties, covenants, and agreements, and upon the terms and conditions hereinafter
set forth, the parties hereto do hereby each agree as follows:

 

	1.	Incorporation
    of Recitals, Attachments, Exhibits, and Schedules. Each of the recitals set forth above is hereby incorporated into and
    made a part of this Agreement and each attachment, exhibit, schedule that may be referenced in this Agreement shall be incorporated
    into this Agreement. 
	 	 
	2.	Promissory
    Note. ACG and Verus entered into the Note on or about March 31, 2020. ACG and Verus amended the terms of the Note by way
    of a letter agreement dated on or about July 20, 2020 (the “Letter Agreement”). ACG and Verus agree to further
    amend the Note as provided for in Schedule 2 to this Agreement.
	 	 
	3.	BLF
    Employment Matters. BLF has failed to pay money that is due to the BLF workers indicated below, whether as at-will workers
    or based on written agreements, and BLF would like to pay the workers in exchange for a release of claims. In further consideration
    of the transfer, sale, and assignment of the BLF Assets (defined below), GOF agrees to promptly pay the settlement amounts
    indicated below to the workers. GOF’s payments are contingent upon evidence that BLF and each of the workers have signed
    the releases provided as Schedule 3 to this Agreement.

 

	 	Name	 	Amount
	●	Miles
    Wheeler	 	$
    [*]
	●	Robert
    Holz	 	$
    [*]
	●	Jim
    Wheeler	 	$
    [*]

 

    	 

    	 

    

 

[*]
Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 

	4.	BLF
    Assets. 

 

	 	a.	In
    further consideration for the assistance with the BLF employment matters, BLF agrees to sell, transfer, and assign all of
    BLF’s rights, title, and interest in and to all of BLF’s assets, whether or not appearing on the BLF balance sheet
    (the “BLF Assets”), to GOF. 
	 	 	 
	 	b.	As
    requested by GOF, BLF agrees to promptly execute all documents required to assign or transfer the BLF Assets, including but
    not limited to a Bill of Sale.
	 	 	 
	 	c.	BLF
    represents and warrants that the following are included in the Assets of BLF in “as-is and where is condition”:
    

 

(1)
All GTIN and UPC #’s and accompanying GS1 accounts

(2)
1WorldSync account and corresponding vendor connections

(3)
All CAD drawings, 3D renders, product designs, product moulds

(4)
Big League Foods logo and trademarks

(5)
Website, social media pages/ handles

(6)
Product placement images and advertisements

(7)
Product promotion materials and accompanying sweepstakes and slogans

(8)
SPS account and accompanying vendor EDI connections

(9)
Brokerage contacts and network

(10)
Trade show booths and reservations

(11)
Employee computers that are currently in their possession

and
accompanying files and data

(12)
Employee phones that are currently in their possession

(13)
Employee email addresses and accompanying files and data

(14)
MLB license # ML-5046

(15)
NHL license # 100430

 

	5.	Verus
    Assets. 

 

	 	a.	In
    further consideration for GOF assisting its related entity with the employment matters, Verus agrees to sell, transfer, and
    assign to GOF all of Verus’ rights, title, and interest in the following Verus tangible property and assets located
    in Verus’ Gaithersburg office on an as-is and where is condition (the “Verus Property”).

 

	 	i.	 	Refrigerator
    in possession of Jim Wheeler
	 	ii.	 	HP
    Ink Jet Printer
	 	iii.	 	Microwave
	 	iv.	 	Kitchen
    goods

 

For
removal of any doubt, 8x8 phones and Lenovo desktop are NOT included and will be returned.

 

	 	b.	As
    requested by GOF after the Effective Date, Verus agrees to promptly execute all documents required to assign or transfer the
    Verus Property Assets, including but not limited to a Bill of Sale.
	 	 	 
	 	c.	Verus
    represents and warrants that: (i) Verus is the sole owner of BLF and (ii) Verus owns the Verus Property.

 

    	 

    	 

    

 

[*]
Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 

	6.	Release
    Contingency. This Agreement is contingent upon, and is not effective until, ACG and GOF have each received a fully executed
    version of the Release provided in Schedule 6 to this Agreement.
	 	 
	7.	Consideration.
    All parties to this Agreement agree that sufficient consideration is or has been exchanged between the parties in return for
    the representations, warranties, covenants, and promises in this Agreement and the Schedules.
	 	 
	8.	Representations
    and Warranties. Each party represents and warrants to the other party that:

 

	 	a.	Each
    party has the requisite corporate authority to enter into this Agreement. Neither the execution and delivery of this Agreement
    nor the performance hereunder will conflict with or constitute a default under: (i) any governing instrument of the party;
    (ii) any law, regulation, statute, or ordinance applicable to the party; (iii) any agreement that involves the BLF Assets
    or the Verus Property, or (iv) any agreement, instrument, judgment, consent, or order to which the party or an affiliate is
    a party or by which the party or an affiliate, is bound.
	 	 	 
	 	b.	This
    Agreement shall not change any of the provisions or obligations of the Note except as specifically referenced in this Agreement.

 

	9.	Indemnification.
    Verus and BLF (each an “Indemnifying Party”), jointly and severally, will indemnify and hold harmless ACG, GOF
    and each of their affiliated entities, and their respective officers, directors, employees, members, shareholders, owners,
    and agents (each and “Indemnified Party”) from and against all liabilities, losses, damages, claims, and expenditures,
    including reasonable legal fees (the “Expenses”), that may be incurred or suffered by an Indemnified Party arising
    out of third party claims related to the Indemnifying Party’s: (i) obligations under this Agreement; (ii) breach of
    this Agreement; or (iii) inaccurate representations or warranties in this Agreement. Upon request from ACG, the Indemnifying
    Party agrees to promptly pay all reasonable amounts requested by the Indemnified Party for advance payment of anticipated
    Expenses. 
	 	 
	10.	General
    Provisions. All of the General Provisions in the Letter Agreement shall be incorporated herein.

 

Each
person that executes this Agreement has the authority to execute it and to bind the person or entity on whose behalf he or she
is signing. Each signatory shall indemnify and hold harmless the other parties from any claims, expenses, and liabilities (including
attorneys’ fees) arising from any asserted or actual lack of authority to execute this Agreement.

 

    	 

    	 

    

 

[*]
Certain information in this document has been omitted from this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed.

 

The
Effective Date of this Agreement shall be: DECEMBER 18, 2020.

 

	ACG
    Global Solutions Inc.	 	Verus International Inc.
	 	 	 	 	 
	Signed:
    	 	 	Signed:	 
	 	 	 	 	 
	Name:
    	Andrew
    Garncok	 	Name:	Anshu
                                         Bhatnagar

	 	 	 	 	 
	Title:
    	Managar 	 	Title:	Chief Executive Officer
	 	 	 	 	 
	Big
    League Foods Inc.	 	Game On Foods Inc.
	 	 	 	 	 
	Signed:	 	 	Signed:	 
	 	 	 	 	 
	Name:
    	Anshu
    Bhatnagar 	 	Name:	Jim
                                         Wheeler

	 	 	 	 	 
	Title:
    	Chief
    Executive Officer 	 	Title:	President

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