Document:

Blueprint

 

Exhibit 10.63

 

December
12, 2017

 

 

Mr.
Craig Brewer

Chief
Executive Officer

Kure
Corp

14400
Westinghouse Blvd, Ste. L

Charlotte,
NC

 

 

Re:
Services Agreement

 

 

Dear
Mr. Brewer:

 

Pursuant
to this services agreement (“Agreement”) Kure Corp., a
Florida corporation (the “Client”) has agreed to engage
Level Brands Inc, a North Carolina corporation
(“LEVEL”), on a non-exclusive basis, to perform
services related Kure’s business.

 

Generally
speaking, LEVEL intends to work with Kure to develop an overall
strategy to enhance Kure’s brand and provide low cost access
to retail market share and demographics. In addition, LEVEL can
provide critical introductions with the military for opening up
retail stores on military bases and other locations, such as
convenience stores and gas stations. Although LEVEL can provide
such strategic advice and introductions to new markets, Kure will
ultimately be responsible for the implementation of these
strategies and relationships.

 

1.

Services. LEVEL shall act as
advisor to the Client and perform, as requested by the Client, the
following services (the “Services”) during the month of
December 2017:

 

a.

Facilitate the
“Vape Pod” transaction with the modular building
systems vendor, SG Blocks, Inc., and aid in the negotiation of that
vendor relationship;

b.

Facilitate the
introduction with LEVEL’s contacts relating to U.S. military
base retail locations, as well as other non-military Vape Pod
retail locations throughout the country;

c.

Aid in site
selection for Kure retail stores on military bases and adjoining
convenience stores, gas stations, and other similar retail
properties utilizing this retail Vape Pod concept; and

d.

Advise Client in
connection with initial project funding for the Vape Pod
concept.

 

2.

Performance of Services. LEVEL
shall be obligated to provide the Services as and when requested by
the Client and shall not be authorized or obligated to perform any
services on LEVEL’s own initiative. The services shall be
performed reasonably promptly after Client’s request,
consistent with LEVEL’s availability. It is understood that
the Services to be provided hereunder are not exclusive to the
Client and LEVEL has other business obligations, including acting
as consultant for other companies, provided, however, that LEVEL
shall not provide services to any potential or actual competitor of
the Client during the Term (as hereinafter defined) of this
Agreement.

 

3.

Relationship of the Parties.
LEVEL shall be, and at all times during the Term of the Agreement,
remain an independent contractor. As such, LEVEL shall determine
the means and methods of performing the Services hereunder and
shall render the Services as such places it determines. The Client
shall pay all reasonable costs and expenses incurred by LEVEL in
the performance of its duties hereunder, provided, however, such
costs and expenses shall not exceed $2500.00 without the
Client’s prior written approval.

 

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4.

Assurances. Client acknowledges
that all options and advices (written or oral) given by LEVEL to
the Client in connection with this Agreement are intended solely
for the benefit and use of Client, and Client agrees that no person
or entity other than the Client shall be entitled to make use of or
rely upon the advice of LEVEL to be given hereunder. Furthermore,
no such opinion or advice given by LEVEL shall be used at any time,
in any manner or for any purpose, and shall not be reproduced,
disseminated, quoted or referred to at any time, in any manner or
for any purpose, except as may be contemplated herein. Client shall
not make any public references to LEVEL without LEVEL’s prior
written consent or as required by applicable law.

 

5.

Compensation. LEVEL shall
receive fee of $200,000, for the services with respect to Section 1
above which shall be completed by December 31, 2017. This fee shall
be paid in the form of 400,000 shares of Kure Corp. common
stock.

 

6.

Additional Services. Should
Client desire LEVEL to perform additional services not outlined
herein, Client may make such request to LEVEL in writing. LEVEL may
agree to perform those services at its sole discretion. However,
any additional services performed by LEVEL may require an
additional compensation schedule to be mutually agreed upon prior
to rendering such services.

 

7.

Term. This Agreement shall be
binding upon all parties when executed by the Client and remain in
effect until December 31, 2017, unless otherwise mutually agreed
upon in writing by Client and LEVEL (the
“Term”).

 

8.

Due Diligence /
Disclosure.

a.

Client recognizes
and confirms that, in advising Client and in fulfilling its
retention hereunder, LEVEL will use and rely upon data, material
and other information furnished to it by Client. Client
acknowledges and agrees that in performing its Services under this
agreement, LEVEL may rely upon the data, material and other
information supplied by Client without independently verifying the
accuracy, completeness or veracity of it.

b.

Except as
contemplated by the terms hereof or as required by applicable law,
LEVEL shall keep confidential, indefinitely, all non-public
information provided to it by Client, and shall not disclose such
information to any third party without Client’s prior written
consent, other than such of its employees and advisors as LEVEL
reasonably determines to have a need to know.

 

9.

Indemnification.

a.

Client shall
indemnify and hold LEVEL, its officers, directors, employees,
agents, and affiliates, harmless against any and all liabilities,
claims, lawsuits, including any and all awards and/or judgments to
which it may become subject under the Act or the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)
or any other federal or state statute, at common law or otherwise,
insofar as said liabilities, claims and lawsuits, (including awards
and /or judgments) arise out of or are in connection with the
Services rendered by LEVEL in connection with this Agreement,
except for any liabilities, claims, and lawsuits (including awards,
judgments and related costs and expenses), arising out of acts or
omissions of LEVEL. In addition, the Client shall indemnify and
hold LEVEL harmless against any and all reasonable costs and
expenses, including reasonable attorney fees, incurred or relating
to the foregoing. If it is judicially determined that Client will
not be responsible for any liabilities, claims and lawsuits or
expenses related thereto, the indemnified party, by his or its
acceptance of such amounts, agrees to repay Client all amounts
previously paid by client to the indemnified person and will pay
all costs of collection thereof, including but not limited to
reasonable attorney’s fees related thereto. LEVEL shall give
Client prompt notice of any such liability, claim or lawsuit, which
LEVEL contends is the subject matter of Client’s
indemnification and LEVEL thereupon shall be granted the right to
take any and all necessary proper action, at its sole cost and
expense, with respect to such liability, claim and lawsuit,
including the right to settle, compromise and dispose of such
liability, claim or lawsuit, excepting there from any and all
proceedings or hearings before any regulatory bodies and / or
authorities.

 

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b.

LEVEL shall
indemnify and hold Client and its directors, officers, employees
and agents harmless against any and all liabilities, claims and
lawsuits, including and all award and/ or judgments to which it may
become subject under the Act, Exchange Act or any other federal or
state statute, at common law or otherwise, insofar as said
liabilities, claims and lawsuits (including awards and/ or
judgments) that may arise out of or are based upon LEVEL’s
gross negligence or willful misconduct, or any untrue statement or
alleged untrue statement of a material fact or omission of a
material fact required to be slated or necessary to make the
statement provided by LEVEL not misleading, which statement or
omission was made in reliance upon information furnished in writing
to Client by or on behalf of LEVEL for inclusion in any
registration statement or prospectus or any amendment or supplement
thereto in connection with any transaction to which the Agreement
applies. In addition, LEVEL shall also indemnify and hold Client
harmless against any and all costs and expenses, including
reasonable attorney fees, incurred or relating to the foregoing.
Client shall give LEVEL prompt notice of any such liability, claim
or lawsuit which Client contends is the subject matter of
LEVEL’s indemnification and LEVEL thereupon shall be granted
the right to take any and all necessary proper action, at its sole
cost and expense, with respect to such liability, claim and
lawsuit, including the right to settle, compromise or dispose of
such liability, claim or lawsuit, excepting therefrom any and all
proceedings or hearings before any regulatory bodies and/ or
authorities.

c.

The indemnification
provisions contained in this Section are in addition to any other
rights or remedies which either party hereto may have with respect
to the other or hereunder

 

10.

General
Provisions.

a.

Entire Agreement.
This between Client and LEVEL constitutes the entire agreement
between and understandings of the parties hereto, and supersedes
any and all previous agreements and understandings, whether oral or
written, between the parties with respect to the matters set forth
herein.

b.

Notice. Any notice
or communication permitted or required hereunder shall be in
writing and deemed sufficiently given if hand-delivered: (i) five
(5) calendar days after being sent postage prepaid by registered
mail, return receipt requested; or (ii) one (1) business day after
being sent via facsimile with confirmatory notice by U.S. mail, to
the respective parties as set forth above, or to such other address
as either party may notify the other in writing.

c.

Binding Nature.
This Agreement shall be binding upon and inure the benefit of each
of the parties hereto and their respective successors, legal
representatives and assigns. All materials generated pursuant to
this Agreement or otherwise produce by LEVEL for and on behalf of
Client during the Term of this Agreement shall be the sole and
exclusive property of Client.

d.

Counterparts. This
Agreement may be executed by any number of counterparts, each of
which together shall constitute the same original
document.

e.

Amendments. No
provisions of the Agreement may be amended, modified or waived,
except in writing signed by all parties hereto.

f.

Assignment. This
Agreement cannot be assigned or delegated, by either party, without
the prior written consent of the party to be charged with such
assignment or delegation, and any unauthorized assignments shall be
null and void without effect and shall immediately terminate the
Agreement.

 

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g.

Applicable Law.
This Agreement shall be construed in accordance with and governed
by the laws of the State of North Carolina, without giving effect
to its conflict of law principles. The parties hereby agree that
any dispute(s) or claim(s) with respect to this Agreement of the
performance of any obligations thereunder, shall be settled by
arbitration and commenced and adjudicated under the rules of the
American Arbitration Association. The arbitration shall take place
in Charlotte, North Carolina if commenced by either party. The
arbitration shall be conducted before a panel of three (3)
arbitrators, one appointed by each of the parties and the third
selected by the two (2) appointed arbitrators. The arbitrators in
any arbitration proceeding to enforce the Agreement shall allocate
reasonable attorney’s fees, among one or both parties in such
proportion as the arbitrators shall determine represents each
party’s liability hereunder. The decision of the arbitrator
shall be final and binding and may be entered into any court having
proper jurisdiction to obtain a judgment for the prevailing party.
In any proceeding to enforce an arbitration award, the prevailing
party in such proceeding shall have the right to collect from the
non-prevailing party, its reasonable fees and expenses incurred in
enforcing the arbitration award (including, without limitation,
reasonable attorney’s fees).

 

If you
are in agreement with the foregoing, please execute two (2) copies
of this Agreement in the space provided below and return them to
the undersigned.

 

Very
truly yours,

 

Level
Brands, Inc.

 

By:
_____________________________

Martin
A. Sumichrast, CEO

 

 

Kure
Corp

 

By:
_____________________________

Craig
Brewer, CEO

 

 

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4Blueprint

 

EXHIBIT 10.64

 

REVOLVING LINE OF CREDIT

 

LOAN AGREEMENT

 

 (ACCOUNTS
RECEIVABLE AND INVENTORY)

 

This
Revolving Line of Credit Loan Agreement (this “Agreement”) is entered into by and
between Kure Corp., a Florida corporation (“Borrower”) and Level Brands, Inc.,
a North Carolina corporation (“Lender”) as of December
12th,
2017.

 

RECITALS

 

Borrower desires to
obtain from Lender a revolving line of credit (“Loan”) and Lender is willing to
make the Loan, with the proceeds to be used to finance, in part,
Borrower’s purchase of certain prefabricated intermodal
container building systems in order to increase Borrower’s
Vape and Vape related products market share.

 

AGREEMENT

 

NOW,
THEREFORE in consideration of the premises and the mutual promises
herein contained and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

 

1. LOAN.

 

1.1 REVOLVING LINE OF
CREDIT. Subject to the terms and conditions contained herein and in
the other documents, instruments and agreements executed in
connection with the Loan and the security therefor
(“Loan
Documents”), Lender will establish for Borrower the
Loan as a revolving line of credit against which Lender will make
advances (“Advances”) from time to time for
the purpose of providing working capital to Borrower. Subject to
the terms hereof, Borrower shall have the right to obtain Advances,
repay Advances and obtain additional Advances; however, all of the
Advances hereunder shall be viewed as a single loan. At no time
shall the unpaid principal balance of the Loan exceed Five Hundred
Thousand Dollars ($500,000) (“Maximum Amount”).

 

1.2 ADVANCES. Subject
to the terms and conditions hereof, Advances of the Loan will be
made in amounts not to exceed an aggregate of the Maximum
Amount.

 

1.3 NOTE. The Loan
shall be evidenced by a promissory note (“Note”) of even date herewith in a
form prepared and approved by Lender in the Maximum Amount, payable
in accordance with the terms thereof. Interest on the principal
amount outstanding from time to time shall be charged as provided
in the Note and should such rate of interest as calculated
thereunder exceed that allowed by law, the applicable rate of
interest will be the maximum rate of interest allowed by applicable
law.

 

 

1

 

 

1.4 PREPAYMENTS. If for
any reason the aggregate principal amount of the Loan outstanding
at any time shall exceed the Maximum Amount to be borrowed in
accordance with Section 1.2 hereof, Borrower, without notice or
demand, shall immediately make a principal payment to Lender in an
amount equal to such excess plus accrued and unpaid interest
hereon. Borrower may from time to time, prepay all or part of the
outstanding principal balance of the Loan.

 

2. SECURITY.

 

 As security
for the payment of the Note, the Loan, and all other liabilities
and obligations of Borrower to Lender, now existing or hereafter
created, Borrower shall grant to Lender a security interest in all
of Borrower’s inventory, accounts receivable, rights to
payment and such other property (“Property”), as more particularly
described in one or more security agreements (“Security Agreements”) executed by
Borrower and delivered to Lender in form and substance satisfactory
to Lender, in its sole and absolute discretion. The Security
Agreements shall grant to Lender a security interest in and to the
Property, except as otherwise expressly provided
therein.

 

3. ADVANCES.

 

3.1 CONDITIONS
PRECEDENT TO ADVANCES. Lender shall have no obligation to make any
Advance, as determined by Lender in its sole and absolute
discretion.

 

3.2 REQUEST FOR
ADVANCES. Advances may be made by Lender at the oral or written
request of authorized persons, either one acting alone, who are
authorized to request Advances and direct disposition of any such
Advances until written notice of the revocation of such authority
is received from Borrower by Lender. Each request by Borrower for
an Advance shall constitute a reaffirmation, as of the date of such
request, of all of the representations and warranties of Borrower
contained in this Agreement and in the other Loan
Documents.

 

3.3 NO WAIVER. No
Advance shall constitute a waiver of any of the conditions to any
further Advances nor, in the event Borrower is unable to satisfy
any such condition, shall any such Advance have the effect of
precluding Lender from thereafter declaring such inability to be an
Event of Default (as hereinafter defined).

 

4. STOCK ISSUANCE FEE.
As additional consideration for Lender’s commitment to make
Advances, Borrower agrees to issue to Lender, which shall be
non-refundable to Borrower, shall be held and retained by Lender as
its sole property and shall not be applied to any payments due
under the Loan Documents, one hundred thousand (100,000) shares of
Common Stock of Borrower.

 

5. EVENTS OF
DEFAULT.

 

5.1 EVENTS OF DEFAULT.
The occurrence of one or more of the following events shall
constitute an Event of Default under this Agreement:

 

 

2

 

 

(a) There shall occur
an event of default under any of the Loan Documents;

 

(b) If any
representation or warranty made by Borrower to Lender contained
herein or in any of the other Loan Documents proves to have been
untrue in any material respect when made; or

 

(c) Borrower shall be
in default in the payment or performance of any material obligation
under any indenture, contract, mortgage, deed of trust or other
agreement or instrument to which Borrower is a party or by which it
is bound.

 

6. REMEDIES OF LENDER
UPON DEFAULT.

 

6.1 REMEDIES. After any
Event of Default has occurred and is continuing for a period of 10
days thereafter, Lender may, without presentment, demand, protest
or further notice of any kind (all of which are hereby expressly
waived) and, notwithstanding the provisions contained in any other
document or instrument executed or to be executed by Borrower to
Lender hereunder or contained in any other agreement, take any one
or more of the following actions:

 

(a) Declare the entire
principal and any accrued interest on the Loan, together with all
costs and expenses, to be immediately due and payable, and to
enforce payment thereof by any means permitted by law or in
equity;

 

(b) Without
accelerating payment, enforce the payment of sums of principal and
interest then due (including any penalty interest or late payment
charges);

 

(c) Require Borrower to
take or refrain from taking any action which may be necessary to
cure such Event of Default and to obtain affirmative or negative
injunctions or restraining orders with respect
thereto;

 

(d) Obtain the
appointment of a receiver of the business and assets of
Borrower;

 

(e) File suit for any
sums owing or for damages; and

 

(f) Exercise any other
remedy or right provided in law or in equity or permitted under
this Agreement, the Security Agreements or any of the other Loan
Documents.

 

6.2 REMEDIES
CUMULATIVE. Any and all remedies conferred upon Lender shall be
deemed cumulative with, and nonexclusive of any other remedy
conferred hereby or by law, and Lender in the exercise of any one
remedy shall not be precluded from the exercise of any
other.

 

7. WAIVER.

 

Any
waiver of any of the terms of this Agreement by Lender shall not be
construed as a waiver of any other terms of this Agreement, and no
waiver shall be effective unless made in writing. The failure of
Lender to exercise any right with respect to the declaration of any
default shall not be deemed or construed to constitute a waiver by,
or to preclude Lender from exercising any right with respect to
such default at a later date or with respect to any subsequent
default by Borrower.

 

 

3

 

 

8. NOTICES.

 

Any
notices required or permitted to be given pursuant to the Loan
Documents shall be in writing and shall be given by personal
delivery or by mailing the same by United States mail, postage
prepaid, to the other party’s last known address. Any such
notice shall be deemed received for purposes of this Agreement upon
delivery if given by personal delivery or ten (10) days after the
mailing thereof if given by mail. If either party desires to change
the address to which notices are to be sent it shall do so in
writing and deliver the same to the other party in accordance with
the notice provisions set forth above.

 

9. MISCELLANEOUS.

 

9.1 PARTIES. This
Agreement is made solely between Borrower and Lender, no other
person shall have any right of action hereunder. The parties
expressly agree that no person shall be a third-party beneficiary
to this Agreement.

 

9.2 INDEMNITY. Borrower
agrees to and shall indemnify, hold harmless and defend Lender from
any liability, claims or losses resulting from the disbursement of
the proceeds of the Loan or from the condition of the Property
whether arising during or after the term of the Loan. This
provision shall survive repayment of the Loan and shall continue in
full force and effect so long as the possibility of such liability,
claims or losses exists.

 

9.3 ENTIRE AGREEMENT.
This Agreement, together with all other Loan Documents, constitutes
the entire agreement of the parties hereto and thereto, and no
prior agreement or understanding with respect to the Loan, whether
written or oral and including, but not limited to, any loan
commitment issued by Lender to Borrower, shall be of any further
force or effect, all such other prior agreements and commitments
having been superseded in their entirety by the Loan
Documents.

 

9.4 ASSIGNMENT. This
Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective executors, administrators,
heirs, successors and assigns; provided, however, that neither this
Agreement nor any rights or obligations hereunder shall be
assignable by Borrower without the prior express written consent of
Lender first had any obtained, and any purported assignment made in
contravention hereof shall be void. Lender may assign any part of
or all of the Loan and its rights and obligations hereunder at any
time in its sole discretion. Lender may participate all or any
portion of the Loan to such other party or parties as Lender shall
select.

 

9.5 GOVERNING LAW. This
Agreement and each of the Loan Documents shall be construed in
accordance with and governed by the internal law, and not the law
of conflicts, of the State of North Carolina.

 

9.6 TIME. Time is of
the essence hereof.

 

9.7 SEVERABILITY. If
any term or provision of this Agreement of any other Loan Document,
or the application thereof to any circumstance, shall be invalid,
illegal or unenforceable to any extent, such term or provision
shall not invalidate or render unenforceable any other term or
provision of this Agreement or any other Loan Document, or the
application of such term or provision to any other circumstance. To
the extent permitted by law, the parties hereto hereby waive any
provision of law that renders any term or provision hereof invalid
or unenforceable in any respect.

 

 

4

 

 

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

 

 

 

Level
Brands, Inc.

 

 

 

By:                                                                            

Martin
A. Sumichrast, CEO

 

 

 

 

Kure
Corp.

 

 

 

By:                                                                            

Craig
Brewer, CEO

 

 

 

 

5

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