Document:

Exhibit 10.1

STOCK PURCHASE AND EXCHANGE AGREEMENT

This Stock Purchase Agreement and Exchange ("Agreement") is entered into on the 1st day of March 2019, by and between the undersigned, Boris Golan, hereinafter referred to as "Seller" or "Golan" and Koo'Toor Design, Inc., hereinafter referred to as "Purchaser", "Koo'Toor", or "Corporation", and collectively referred to herein as the "Parties".

Golan is the owner of one hundred percent (100%) of the outstanding shares of Travel Mix Inc., an Ontario, Canada corporation ("Travel Mix"), which corporation operates in the travel industry.

Purchaser is a Nevada corporation and does hereby wish to purchase, and Seller does hereby wish to sell, 100% of the outstanding shares of Travel Mix, and does so in consideration of the following terms and conditions:

	
1.

	
Koo'Toor shall issue, or cause to be issued, four million five hundred thousand (4,500,000) shares of Common Stock of Koo'Toor Design, Inc. (the "Koo'Toor Shares") to Golan.  It is acknowledged, understood and agreed that Golan currently owns 12,500,000 shares of Koo'Toor's common stock and upon Closing (as defined below), and with the issuance of 4,500,000 additional shares of Koo'Toor's common stock, Golan shall hold twenty-five percent (25%) of the Corporation's issued and outstanding common stock;

	
2.

	
Koo'Toor shall pay to Golan Six Hundred Thousand US Dollars ($600,000 US) (the "Cash Payment"), which amount shall be advanced prior to Closing (as defined below) as a deposit; and

	
3.

	
Golan shall transfer 100% of the outstanding stock of Travel Mix (the "Travel Mix" Shares) to Koo'Toor Design, Inc. upon Closing (as defined below).

	
4.

	
The closing (the "Closing") of the Agreement shall take place not more than Ninety (90) days from the date hereof at such time and such location as the parties may agree.  At the Closing the parties shall exchange the shares of Koo'Toor and the shares of Travel Mix by providing evidence one to the other of the registration of such shares as follows: (i) the Koo'Toor Shares shall be registered in the name of Golan as evidenced by a report from the Transfer Agent of the Corporation; (ii) The Travel Mix shares shall be registered in the name of Koo'Toor as evidenced by the shareholder ledger of Travel Mix.

Shares to be issued under this Agreement: Subject to the terms and conditions hereinafter set forth, at the closing of the transaction which is the subject of this Agreement, Purchaser shall sell, convey, transfer and deliver (or present confirmation from Koo'Toor's Transfer Agent that shares have been transferred) to the Seller, certificates representing such Stock.  The Certificates representing the Stock shall be duly registered in the name of the Purchaser.

The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended or applicable state securities laws. The securities have been acquired for investment and not with a view toward resale and may not be offered for sale, sold, transferred, or assigned in the absence of an effective registration statement for the securities under the Securities Act Of 1933, as amended or applicable state securities laws, unless the company has received an opinion of counsel which is satisfactory to the company, to the effect that such registration is not required, or that an exemption to registration exists.

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1.  Purchase.  Koo'Toor agrees to purchase 100% of the outstanding shares of Travel Mix, from Golan.

1.01   Payment.  Koo'Toor shall pay to Golan $600,000 US no later than March 15, 2019, which amount shall be held by Golan as a deposit until Closing, which shall take place not more than ninety (90) days from the date of the execution of this Agreement.  Golan will present verification of payment of funds to Koo'Toor's counsel. Further it is understood and agreed between the parties that Koo'Toor will obtain a third-party loan (the "Koo'Toor Loan") for the Cash Payment. In the event Closing does not occur, and the shares of Koo'Toor and Travel Mix are not exchanged, the Cash Payment shall be returned to Koo'Toor or Golan shall assume the Koo'Toor Loan.

1.02   Stock Compensation.  At Closing, Purchaser shall deliver four million five hundred thousand (4,500,000) shares of Koo'Toor Design, Inc. common stock to Golan, and Golan shall deliver to Koo'Toor 100% of Travel Mix Shares to the Corporation.

1.03          Tax Election at Closing. Travel Mix elects out of the application of 256(9) of the Canadian Income Tax Act.  The acquisition of control by Koo'Toor occurs at the time of Closing. 

2.  Investment Intent.

2.01 Transfer Restrictions.  Purchaser (and/or assigns) agree that the Shares being acquired by Seller, and pursuant to this Agreement may be sold, pledged, assigned, hypothecated or otherwise transferred, with or without consideration ("Transfer") only pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "Act"), or pursuant to an exemption from registration under the Act.

2.02 Investment Intent.  Golan is acquiring the Shares for his own account, for investment, and not with a view toward distribution thereof.

2.03 Knowledge and Experience.  Golan acknowledges that he has been encouraged to seek his own legal and financial counsel to assist in evaluating this purchase. The Seller acknowledges that Purchaser has given him and his counsel access to all information relating to the Corporation's business that they have requested. The Seller acknowledges that he has sufficient business and financial experience, and knowledge concerning the affairs and conditions of the Corporation so that he can make a reasoned decision as to these Shares and is capable of evaluating the merits and risks of this transaction.

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2.05 Restrictions on Transferability. Golan is aware of the restrictions of transferability of the Shares and further understands the certificates shall bear the following legend.

(a) THIS SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), IN RELIANCE UPON THE EXEMPTION FROM REGISTRATION PROVIDED IN SECTIONS 4(1) AND 4(2) AND REGULATION D UNDER THE ACT. AS SUCH, THE PURCHASE OF THIS SECURITY WAS MADE WITH THE INTENT OF INVESTMENT AND NOT WITH A VIEW FOR DISTRIBUTION. THEREFORE, ANY SUBSEQUENT TRANSFER OF THIS SECURITY OR ANY INTEREST THEREIN WILL BE UNLAWFUL UNLESS IT IS REGISTERED UNDER THE ACT OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE.

(b) Golan understands that the Shares may only be disposed of pursuant to either (i) an effective registration statement under the Act; or (ii) an exemption from the registration requirements of the Act.

(c) The Corporation has neither filed such a registration statement with the SEC or any state authorities nor agreed to do so, nor contemplates doing so in the future for the shares being purchased, and in the absence of such a registration statement or exemption, the Purchaser may have to hold the Shares indefinitely and may be unable to liquidate them in case of an emergency.

2.06 Valid Issuance of the Common Stock.  The shares of Koo'Toor's Common Stock, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, shall be duly and validly issued and will be free of restrictions on transfer other than restrictions under applicable federal and state securities laws.

3. Modification.  This Stock Purchase and Exchange Agreement shall not be modified or waived except by an instrument in writing signed by the party against whom any such modification or waiver is sought.

4. REMEDIES

4.01 Arbitration.  All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of conflict of laws thereof. Any controversy of claim arising out of, or relating to, this Agreement, or the making, performance, or interpretation thereof, shall be settled by arbitration in Nevada in accordance with the Rules of the U.S. Arbitration Association then existing, and judgment on the arbitration award may be entered in any court having jurisdiction over the subject matter of the controversy.

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4.02 Indemnification.  From and after the Closing, the Parties, jointly and severally, agree to indemnify the other against all actual losses, damages and expenses caused by (i) any material breach of this Agreement by them or any material misrepresentation contained herein, or (ii) any misstatement of a material fact or omission to state a material fact required to be stated herein or necessary to make the statements herein not misleading.

4.03 Indemnification Non-Exclusive.  The foregoing indemnification provision is in addition to, and not derogation of any statutory, equitable or common law remedy any party may have for breach of representation, warranty, covenant or agreement.

5. Governing Law. This agreement and all transactions contemplated in this Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Nevada. The parties herein waive trial by jury and agree to submit to the personal jurisdiction and venue of a court of subject matter jurisdiction located in any court of jurisdiction within the State of Nevada.

In the event that litigation results from or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing party's reasonable attorney's fees, court costs and all other expenses, whether or not taxable by the court as costs, in addition to any other relief to which the prevailing party may be entitled.

This Agreement is a legally binding instrument.  Upon execution of this Stock Purchase and Exchange Agreement, the undersigned acknowledge that they have reviewed, understand, and agree with the terms of the Agreement.

By signing below, each of the undersigned does hereby acknowledge receipt, review and understanding of this Agreement and do hereby agree that they have had the chance to have their own independent counsel review this Agreement and that each of the undersigned are on equal footing and enter into this Agreement freely.

IN WITNESS WHEREOF, this Agreement has been executed by each of the individual parties on the date first above written.

	BORIS GOLAN	 	 	KOO'TOOR DESIGN, INC.	 
	 	 	 	 	 
	 	 	 	 	 
	
/s/Boris Golan

	 	 	
/s/Nerya Yakubov

	 
	
Boris Golan (Seller) 

	 	 	
Nerya Yakubov, Director 

	 
	
 

	 	 	
(Purchaser)

	 

 

 

 

4Exhibit 10.2

 

RESCISSION AGREEMENT

This Rescission Agreement ("Agreement") is entered into on this 14th day of December 2017, by and between Koo'Toor Design, Inc. a Nevada corporation ("Koo'Toor"), Satel, Inc. ("Satel"), a privately held California corporation, Ruben Gonzales, an individual, and Richard Hylen, an individual.

WHEREAS, Koo'Toor and Satel entered into an Agreement of Purchase and Sale ("Purchase Agreement") on May 31, 2017, wherein the following was contemplated: (1) Ruben Gonzales resigned his positions as sole officer and director of Koo'Toor; (2) Mr. Gonzales returned 60,000,000 shares of Koo'Toor to treasury for cancellation; (3) Satel purchased Koo'Toor; (4) Richard Hylen (sole officer and director of Satel) was appointed the sole Director and Officer of Koo'Toor; and (5) 100% of the business of Satel would be acquired by Koo'Toor, in exchange for 45,000,000 Shares of Koo'Toor's Common Shares, which were to be issued to Richard Hylen.

WHEREAS, because the transaction has not been completed, Koo'Toor, Satel, Mr. Hylen and Mr. Gonzales each wish to rescind the Purchase Agreement in full and return the corporate and shareholder structure of Koo'Toor to its original state, just prior to contemplation of the Purchase Agreement.

WHEREAS, Mr. Hylen introduced Shareholders to invest in Koo'Toor and Koo'Toor does hereby rescind those shareholder subscriptions.

WHEREAS, the parties have agreed to rescind the Purchase Agreement in accordance with Paragraph 10 of the Purchase Agreement, and once executed, neither will have any further obligations, one to the other, than those set forth in this Agreement.

NOW, THEREFORE, the parties agree as follows:

1. Rescission of Agreement of Purchase and Sale.  Mr. Richard Hylen, Koo'Toor, Mr. Ruben Gonzales, and Satel do hereby agree to terminate and rescind the Agreement of Purchase and Sale entered into on May 31, 2017, between Koo'Toor and Satel on or before December 20, 2017.

2. Resignation. Mr. Richard Hylen does hereby resign as President, CEO, Secretary, Treasurer, and Director of Koo'Toor, effective upon execution of this Agreement, and Mr. Ruben Gonzales shall be appointed President, CEO, Secretary, Treasurer, and Director of Koo'Too, effective upon execution of this Agreement.

3. Rescission of Shareholder's Subscription Agreements.  Mr. Hylen sought out friends and family to invest in Koo'Toor. In conjunction with the rescission of the Agreement entered into between Koo'Toor and Satel, Koo'Toor does hereby rescind the Shareholder's Subscription Agreements of Mr. Hylen's friends and family.  Because the money collected from the Friends and Family Shareholders of Mr. Hylen has been spent to further the business interests of Satel, those Shareholders shall receive Shares of Satel and not Shares of Koo'Toor.

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4. Koo'Toor's Books and Records. Other than Bank Statements generated from May 31, 2017 to present, Mr. Hylen represents that there are no Koo"Toor books and records in his possession or under his control that necessitate return to the Company. Mr. Hylen agrees to turn over any Bank Statements in his possession from the time he entered into the Agreement of Purchase and Sale, and to turn over access to the Bank Account to Mr. Gonzales.

5. Condition of Koo'Toor. Mr. Hylen represents and warrants that upon rescission of the Purchase Agreement, Koo'Toor shall be in the same condition as when Mr. Hylen took control on May 31, 2017, and:

	
(a)

	
That there have been no material changes, other than the changes contemplated in the Purchase Agreement, in the structure of Koo'Toor, and that there have been no material agreements entered into; and

 

	
(b)

	
That the Notes entered into between Mr. Gonzales and Koo'Toor Design shall be canceled immediately upon execution of this Agreement.

6. Indemnification, Remedies, Survival

6.1 Certain Definitions. For the purposes of this Section, the terms "Loss" and "Losses" mean any and all demands, claims, actions or causes of action, assessments, losses, damages, liabilities, costs and expenses, including without limitation, interest, penalties, fines and reasonable attorney, accountant and other professional fees and expenses of an amount not less than $5,000, but excluding any indirect, consequential or punitive damages suffered by Satel or Koo'Toor, including damages for lost profits or loss of business opportunities.

6.2 Koo'Toor Indemnity.  Koo'Toor shall and does hereby indemnify, defend, and hold harmless Satel, its shareholders, officers, directors, advisors, assignees, and heirs from, against and in respect of any and all Losses asserted against, relating to, imposed upon, or incurred by Satel and its shareholders by reason of, resulting from, based upon or arising out of:

	
(A)

	
Any breach by Koo'Toor of this Agreement; or

	
(B)

	
Any misstatement, misrepresentation or breach of the representations and warranties made by Koo'Toor and contained in or made pursuant to this Agreement, any Koo'Toor Document or any certificate or other instrument delivered pursuant to this Agreement.

6.3 Satel Indemnity.  Satel shall and does hereby indemnify, defend, and hold harmless Koo'Toor, its shareholders, officers, directors, advisors, assignees, and heirs from, against and in respect of any and all Losses asserted against, relating to, imposed upon, or incurred by Koo'Toor and its shareholders by reason of, resulting from, based upon or arising out of:

	
(A)

	
Any breach by Satel of this Agreement; or

	
(B)

	
Any misstatement, misrepresentation or breach of the representations and warranties of Satel and contained in or made pursuant to this Agreement, any Satel Document or any certificate or other instrument delivered pursuant to this Agreement.

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7. Miscellaneous

7.1 Notices. All notices, requests, and other communications shall be deemed to be duly given if sent by confirmed facsimile transmission, email or receipted overnight courier addressed to the other party at the address as set forth below:

7.2 Binding Effect. Except as may be otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights or obligations hereunder shall be assigned by any of the Parties hereto without the prior written consent of the other Parties. Except as otherwise specifically provided in this Agreement, nothing in this Agreement is intended or will be construed to confer on any person other than the Parties hereto any rights or benefits hereunder.

7.3 Headings. The headings in this Agreement are intended solely for convenience of reference and will be given no effect in the construction or interpretation of this Agreement.

7.4 Counterparts. This Agreement may be executed in multiple counterparts, each of which will be deemed an original, and all of which together will constitute one and the same document. Any signature page delivered by a fax machine, telecopy machine or electronic mail shall be binding to the same extent as an original signature page, with regard to any agreement subject to the terms hereof or any amendment thereto. Any party who delivers such a signature page agrees to later deliver an original signed counterpart to any party which requests it.

7.5 Governing Law. This Agreement will be governed by the laws of the State of Nevada without regard to conflict of laws principles thereof. Each of the parties hereto irrevocably consents to the exclusive jurisdiction of any state or federal court located within the State of Nevada in connection with any matter based upon or arising out of this Agreement or the matters contemplated herein, agrees that process may be served upon them in any manner authorized by the laws of the State of Nevada for such persons and waives and covenants not to assert or plead any objection which they might otherwise have to such jurisdiction and such process.

7.6 Waivers. Compliance with the provisions of this Agreement may be waived only by a written instrument specifically referring to this Agreement and signed by the party waiving compliance. No course of dealing, nor any failure or delay in exercising any right, will be construed as a waiver, and no single or partial exercise of a right will preclude any other or further exercise of that or any other right.

7.7 Pronouns. The use of a particular pronoun herein will not be restrictive as to gender or number but will be interpreted in all cases as the context may require.

7.8 Joint Drafting. This Agreement shall be deemed to have been drafted jointly by the Parties hereto, and no inference or interpretation against any Party shall be made solely by virtue of such Party allegedly having been the draftsperson of this Agreement.

7.9 Time Periods. Any action required hereunder to be taken within a certain number of days will be taken within that number of calendar days unless otherwise provided; provided, however, that if the last day for taking such action falls on a weekend or a holiday, the period during which such action may be taken will be automatically extended to the next business day.

7.10 Modification. No supplement, modification or amendment of this Agreement will be binding unless made in a written instrument that is signed by all of the Parties hereto and that specifically refers to this Agreement.

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7.11 Severability. If any one or more of the provisions of this Agreement shall be held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected thereby. To the extent permitted by applicable law, each party waives any provision of law, which renders any provision of this Agreement invalid, illegal or unenforceable in any respect.

7.12 Entire Agreement. This Agreement and the agreements and documents referred to in this Agreement or delivered hereunder are the exclusive statement of the agreement among the Parties concerning the subject matter hereof. All negotiations among the Parties are merged into this Agreement, and there are no representations, warranties, covenants, understandings, or agreements, oral or otherwise, in relation thereto among the Parties other than those incorporated herein and to be delivered hereunder.

The undersigned, by signing below, acknowledge that they have read, understood and agree to the terms set forth in this Rescission Agreement and set their signatures to the Agreement understanding that Koo'Toor Design will return to the position it was in prior Agreement entered into on May 31, 2017, as if the transaction was not contemplated.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first written above.

 

 

	 KOO'TOOR DESIGN, Inc	 	 	 RUBEN GONZALES	 
	 	 	 	 	 
	 	 	 	 	 
	
/s/Richard Hylen 

	 	 	
/s/Ruben Gonzales

	 
	
Richard Hylen, CEO/Director

	 	 	
Ruben Gonzales 

	 
	
 

	 	 	
 

	 

 

 

 

	 SATEL, Inc.	 	 	 RICHARD HYLEN	 
	 	 	 	 	 
	 	 	 	 	 
	
/s/Richard Hylen 

	 	 	
/s/Richard Hylen 

	 
	
Richard Hylen 

	 	 	
Richard Hylen

	 
	
 

	 	 	
 

	 

 

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