Document:

f8k051112ex10ii_tucana.htm

Exhibit 10.1

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE AGREEMENT (this “Agreement”) is entered into as of  May 11, 2012, by and among TUCANA LITHIUM CORP., a Nevada company (the “Parent”), PAY BY THE DAY COMPANY INC., a Ontario corporation (the “Company”) and JORDAN STARKMAN, President, Chief Executive Officer, Secretary and the sole director of Parent and President of the Company(“Starkman”).

RECITALS

 

WHEREAS, Parent owns 100% of the issued and outstanding common shares of the Company (the “Shares”);

 

WHEREAS, Starkman desires to purchase from Parent, and Parent desires to sell to Starkman the Shares, and in exchange, Starkman desires to assume the Assumed Liabilities (as defined below) of the Company.

 

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants set forth herein and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, do hereby agree as follows:

 

1.     Parent hereby sells to Starkman, and Starkman hereby purchases from the Parent, the Shares.

 

2.     In consideration for the purchase of the Shares pursuant to Section 1 above and subject to the terms and conditions set forth herein, Starkman contemporaneously herewith assumes and agrees to pay, perform and discharge any and all the liabilities and obligations of the Company (the “Assumed Liabilities”).

 

3.     Parent, hereby represents and warrants to Starkman that it owns, of record and beneficially, and has good and marketable title to the Shares, all of which are free and clear of all liens, charges and encumbrances.

 

4.     In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law.  Any provision hereof which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.

 

5.     This Agreement contains the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein, neither Parent, the Company, nor Starkman makes any representation, warranty, covenant or undertaking with respect to such matters.  No provision of this Agreement may be waived or amended other than by an instrument in writing signed by the party to be charged with enforcement.

 

6.     This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada.

 

 

  

  

  

 

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

 

	
PARENT:

	  
	
TUCANA LITHIUM CORP.

	  
	
By:

	
/s/ Jordan Starkman

	
Name:

	
Jordan Starkman

	
Title:

	
President and Chief Executive Officer

	  
	
COMPANY:

	  
	
PAY BY THE DAY COMPANY INC.

	  
	
By:

	
/s/ Jordan Starkman

	
Name:

	
Jordan Starkman

	
Title:

	
President

	  
	  
	
STARKMAN:

	
 

/s/ Jordan Starkman

	
JORDAN STARKMANtermination
and release agreement

 

This Termination and Release Agreement
(“Agreement”) is entered into as of this __ day of May, 2012, by and between SupportSave Solutions, Inc., a Nevada
corporation (the “SupportSave”), and Global Services Corporation, a Republic of Seychelles corporation (“GSC”).

 

WHEREAS, GSC and SupportSave desire
to terminate and release each other and otherwise settle, compromise, dispose of, and release with finality, all claims, demands
and causes of action, arising out of the Asset Purchase Agreement dated February 17, 2012 (the “Asset Agreement”).

 

NOW, THEREFORE, in exchange for consideration,
the adequacy of which is hereby acknowledged, GSC and SupportSave agree as follows:

 

	Termination. Subject to the
terms and conditions of this Agreement, as of the date hereof, the Parties hereby terminate the Asst Purchase and any and all rights,
obligations or duties created thereunder.

	Return of Payments/Assets. The
parties agree to take whatever measures are necessary return to their respective positions as if the Asset Agreement were never
executed, including, but not limited to the following: GSC returning the Deposit of $30,000 and the Initial Payment of $100,000
to SupportSave.

	Sale of Issued Shares. The parties
agree that GSC shall sell all of the shares issued to it by SupportSave under the Asset Agreement to Mr. Christopher Johns, SupportSave’s
President and Chief Executive Officer, for $0.001 per share.

	Mutual Release. Except for the
obligations set forth in this Agreement, each party hereby releases, remises, acquits and forever discharges any other party to
this Agreement and their related or controlled entities, and all of their directors, officers, members, managers, partners, employees,
servants, attorneys, assigns, heirs, successors, agents and representatives, past and present, and the respective successors, executors,
administrators and any legal and personal representatives of each of the foregoing, and each of them, from any and all claims,
demands, actions, causes of action, debts, liabilities, rights, contracts, obligations, duties, damages, costs, expenses or losses,
of every kind and nature whatsoever, and by whomever asserted, whether at this time known or suspected, or unknown or unsuspected,
anticipated or unanticipated, direct or indirect, fixed or contingent, or which may presently exist or which may hereafter arise
or become known, in law or in equity, in the nature of an administrative proceeding or otherwise, for or by reason of any event,
transaction, matter or cause whatsoever, with respect to, in connection with or arising out of the Asset Agreement or otherwise.

It
is understood by the parties that the facts with respect to which the foregoing release is given may hereafter turn out to be
other than or different from the facts now known to a party or the parties or believed by a party or the parties to be true, and
each party therefore expressly assumes the risk of the facts turning out to be so different and agrees that the foregoing release
shall be in all respects effective and not subject to termination or rescission by any such difference in facts.

 

	No Assignment. The parties to
this Agreement represent and warrant that neither they or their affiliated persons or entities have assigned or transferred any
claim or interest herein or authorized any other person or entity to assert any claim or claims on its behalf with respect to the
subject matter of this Agreement.

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	Non-Disparagement. The parties
agree not to make any oral or written statements or otherwise take any action that is intended or may reasonably be expected to
disparage the reputation, business, prospects or operations of any other party to this Agreement.

	Confidentiality. The parties
agree that they will keep confidential all information and trade secrets of one another or any of its subsidiaries or affiliates
and will not disclose such information to any person without written prior approval or use such information for any purpose. It
is understood that for purposes of this Agreement the term “confidential information” is to be construed broadly to
include all material nonpublic or proprietary information. SupportSave shall promptly return any documents, records, data, books
or materials of GSC or its subsidiaries or affiliates in its possession or control and any of its work papers containing confidential
information or trade secrets of GSC or its subsidiaries or affiliates.

	Cooperation. Each of the parties
hereby agree to perform any and all acts and to execute and deliver any and all documents reasonably necessary or convenient to
carry out the intent and the provisions of this Agreement.

	Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of Nevada, without reference to the principles of conflict
of laws.

	Complete Agreement. This Agreement
represents the complete agreement among the parties concerning the subject matter in this Agreement and supersedes all prior agreements
or understandings, written or oral, including the Agreement, the Security Agreements, the Advances, or otherwise. This Agreement
may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors
and legal representatives.

	Voluntary Agreement. This Agreement
has been entered into voluntarily and not as a result of coercion, duress, or undue influence. The parties acknowledge that they
have read and fully understand the terms of this Agreement and have been advised to consult with an attorney before executing this
Agreement.

	Successors and Assigns. This
Agreement shall be binding and inure to the benefit of the parties hereto, their predecessors, parents, subsidiaries and affiliated
corporations, all officers, directors, shareholders, agents, employees, attorneys, assigns, successors, heirs, executors, administrators,
and legal representatives of whatsoever kind or character in privity therewith.

	Counterparts. This Agreement
may be executed in counterparts, one or more of which may be facsimiles, but all of which shall constitute one and the same Agreement.
Facsimile signatures of this Agreement shall be accepted by the parties to this Agreement as valid and binding in lieu of original
signatures.

	Time for Performance. The parties
understand that time is of the essence with respect to each and every act required by this Agreement. Failure to perform any provision
hereof in strict accordance with the Agreement shall be deemed a material breach of the Agreement.

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The parties to this Agreement have executed
this Agreement as of the day and year first written above.

  

		Support Save Solutions, Inc.
		a Nevada corporation
		
		
	 	By: /s/ Christopher Johns
		Name: Christopher Johns
		
        Title: Chief Executive Officer

         

	 	
        Global Services Corporation

        a Republic of Seychelles corporation

         

         

        By: /s/ Michael Reik

		Name: Michael Reik
		Title:   Authorized Signatory

 

 

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