Document:

Exhibit 10.1

 

SHARE PURCHASE AGREEMENT

 

THIS SHARE PURCHASE AGREEMENT
(this “Agreement”) is made and entered into as of the 15th day of December, 2021, by and among Star Alliance International
Corp.., a Nevada Corporation publicly traded on the OTC Pink under the ticker symbol (“STAL”) (the “Buyer”) and
Compañia Minera Metalurgica Centro Americana (Commsa), a Honduran Corporation (“Seller”), together the “Parties”
and each a “Party”

 

WITNESSETH:

 

WHEREAS,
the Seller is controlled by its CEO, Juan Lemus (“Control Person”) by way of voting shares.

 

WHEREAS, the Buyer desires to purchase
from the Seller, and the Seller, by and through its’ Control Person desires to sell to the Buyer, Fifty One percent (51%) of the
issued and authorized share capital of Commsa. (“Commsa”) subject to the terms and conditions described in this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements described in this Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Buyer and the Seller hereby agree as follows:

 

SALE OF STOCK. Subject to the terms and conditions of this
Agreement, the Seller agrees to sell to the Buyer, and the Buyer agrees to purchase from the Seller, Fifty One percent (51%) of the
issued and authorized Share Capital of Commsa (referred to as the “Controlling Interest”), together with any and
all rights, privileges and interests resulting from, associated with or arising from the Controlling Interest per the terms on
Exhibit A.

 

PURCHASE OF RESTRICTED INTERESTS. The Buyer understands that the Share Capital is being sold
to the Buyer under an exemption from registration provided by the Securities Act of 1933, as amended (the “Act”), and by applicable
country securities acts, and warrants and represents to the Seller that the Share Capital being acquired by the Buyer is solely for its
own account for investment purposes only, and is not being purchased with a view to, or for the resale, distribution, subdivision or fractionalization
thereof, and that the Buyer must bear the economics associated with the Share Capital for an indefinite period of time because the Share
Capital cannot be resold or otherwise transferred unless subsequently registered under the Act, or unless an exemption from registration
is available. Buyer cannot sell, loan or transfer the stock bought from COMMSA until a year after of the termination of this contract
and have to offer Juan Lemus the option as priority to buy back the stock if this occurs. Further, the Buyer acknowledges and understands
that any certificate that may be issued to the Buyer evidencing the Share Capital will bear substantially the following legend:

 

THE UNITS REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “ACT”) OR REGISTERED OR QUALIFIED UNDER ANY STATE
SECURITIES LAWS AND ARE “RESTRICTED SECURITIES” AS THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE UNITS MAY NOT BE OFFERED
FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, OR PURSUANT TO AN EXEMPTION
FROM REGISTRATION UNDER THE ACT OR STATE SECURITIES LAWS, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY
OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY. IN ADDITION, THE RIGHTS AND OBLIGATIONS OF THE HOLDER OF THIS CERTIFICATE,
AND THE ABILITY OF THE HOLDER TO TRANSFER THE UNITS REPRESENTED BY THIS CERTIFICATE, ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF THE
COMPANY AND OTHER RESTRICTIONS, TERMS AND CONDITIONS OF THE OPERATING AGREEMENT OF THE COMPANY, A COPY OF WHICH CAN BE OBTAINED FROM THE
COMPANY UPON WRITTEN REQUEST.

 

		1.	CONSIDERATION. The aggregate purchase price to be paid by the Buyer for 51% of the share capital of Commsa
shall be $7,500,000 working capital net after tax in cash paid to Commsa: $.1,000,000 net after tax in cash to juan Lemus and 5,000,000
common stock from STAR at the price of $.1.5 to Juan Lemus, the PURCHASE PRICE, (Exhibit A).

 

 

 

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		2.	REPRESENTATIONS AND WARRANTIES OF SELLER. The Seller hereby represents and warrants to Buyer
                                                                that the following statements are true and correct as of the date of this Agreement and will be true and correct as of the Closing
                                                                Date (as hereafter defined).

 

		a.	Authority; Capacity. The Seller has full power, authority and capacity to execute and
                                                               deliver, and to perform his duties and obligations under this Agreement. This Agreement is the legal, valid and binding obligation
                                                               of the Seller and is enforceable against the Seller in accordance with its terms, except as enforceability may be limited by
                                                               bankruptcy, insolvency, or other similar laws affecting the enforcement of creditors’ rights generally and except that the
                                                               availability of equitable remedies, including specific performance, may be subject to the discretion of the court before which any
                                                               proceeding may be brought.

 

	 	b.	No Conflicts; Consents. The execution and delivery of this Agreement and the consummation of
  the transactions contemplated hereby will not: (i) violate or conflict with any constitution, statute, regulation, rule, injunction,
  judgment, order, permit, decree, ruling, charge, or other restriction of any government, governmental agency, court or arbitrator to
  which the Seller or any of his assets are subject; (ii) conflict with, result in a breach of, constitute a default under (or with notice
  or the lapse of time or both could result in a breach of or constitute a default), 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 Seller is a party or bound or to which any of his assets are subject; (iii) that could
  result in the creation or imposition of any lien, security interest or encumbrance in, to or on the Controlling Interest or any asset
  of the Seller; or (iv) require the Seller to give any notice to, make any filing with, or obtain any authorization, consent, or approval
  of any government or governmental agency, creditor or other third party in order to consummate the transactions contemplated by this
  Agreement, except as required in the Companies’ respective operating agreements.

 

		c.	Litigation. There are no claims, demands, filings, hearings, notices of violation,
                                                               proceedings, notices or demand letters, investigations, administrative proceedings, civil, criminal or other actions, litigation,
                                                               suits, mediations, arbitrations or other legal proceedings pending or threatened against the Seller relating to, resulting from or
                                                               affecting the Controlling Interest or that would materially impair the ability of the Seller to perform his duties or obligations
                                                               under, or to consummate the transactions contemplated by, this Agreement.

 

		d.	Title. The Seller is the lawful owner of, and has good and marketable title to, the
                                                               Controlling Interest, free and clear of any and all liens, restrictions, claims, charges, security interests and encumbrances
                                                               (contractual or otherwise) of any kind, nature or type whatsoever.

 

		e.	Taxes. The Seller has duly and timely filed all tax returns and reports required to be filed
                                                               by the Seller prior to the date of this Agreement and has duly and timely paid all taxes that have been incurred or are due and
                                                               payable pursuant to any assessment with respect to taxes in such jurisdictions. No deficiency or proposed adjustment which has not
                                                               been settled or otherwise resolved for any amount of tax has been proposed, asserted or assessed by any taxing authority against the
                                                               Seller. There are no actions, suits, taxing authority proceedings, or audits now in progress, pending or threatened against the
                                                               Seller, and there are no liens for taxes (other than for current taxes not yet due and payable) against the Seller.

 

	 	f.	Controlling Interest. The Controlling Interest being purchased by the Buyer under this Agreement represents Fifty one percent
  (51%) of the issued Share Capital of Commsa.

 

		g.	No Pending Transactions. Except for this Agreement, the Seller is not a party to or bound by
                                                               any agreement, undertaking or commitment to sell, lease, assign, transfer or exchange any of the Controlling Interest to any other
                                                               entity or person.

 

		h.	Seller Has One Owner of the Share Capital. As of the date of this Agreement, Seller is
                                                               comprised of one (1) Shareholder controlling fifty one percent (51%) of the Controlling Interest of Commsa. The Controlling Interest
                                                               is held by Control Person.

 

		i.	Full Disclosure. No representation or warranty of the Seller in this Agreement or any
                                                               agreement, document or scheduled executed or delivered in connection with this Agreement contains any untrue statement of a material
                                                               fact or omits to state any material fact which makes any such representation or warranty misleading.

 

 

 

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	 	3.	REPRESENTATIONS AND WARRANTIES OF BUYER. The Buyer hereby represents and warrants to the Seller
  that the following statements are true and correct as of the date of this Agreement and will be true and correct as of the Closing
  Date.

 

		a.	Organization & Delinquency of Filings. The Buyer is duly organized under the laws of the
                                                               State of Nevada. The Buyer is Star Alliance International Corp.

 

		b.	Outstanding Liabilities. The Buyer hereby acknowledges that it has fully disclosed to the
                                                               Seller the full extent of the Buyer’s debt liabilities, whether secured, unsecured, or otherwise.

 

		c.	Authority; Capacity. The Buyer has full power and authority to execute and deliver, and to
                                                               perform its duties and obligations under, this Agreement, subject to approval by the Board of Directors and the Shareholders
                                                               required to vote. The execution and delivery of, the performance of its obligations under, and the consummation of the transactions
                                                               contemplated by, this Agreement and any agreement, document, instrument or certificate executed or to be executed in connection with
                                                               this Agreement, have been duly authorized by all necessary action on the part of the Buyer. This Agreement is the legal, valid and
                                                               binding obligation of the Buyer and is enforceable against the Buyer in accordance with its terms, except as enforceability may be
                                                               limited by bankruptcy, insolvency, or other similar laws affecting the enforcement of creditors’ rights generally and except
                                                               that the availability of equitable remedies, including specific performance, may be subject to the discretion of the court before
                                                               which any proceeding may be brought.

 

	 	d.	No Conflicts; Consents. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby will
not: (i) violate or conflict with any provision of the organizational documents, as amended, of the Buyer; (ii) violate or conflict with
any constitution, statute, regulation, rule, injunction, judgment, order, permit, decree, ruling, charge, or other restriction of any
government, governmental agency, court or arbitrator to which the Buyer or any of its assets are subject; (iii) conflict with, result
in a breach of, constitute a default under (or with notice or the lapse of time or both could result in a breach of or constitute a default),
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 bound or to which any
of its assets are subject; (iv) result in or require the creation or imposition of any lien, security interest or encumbrance in, to
or on any assets of the Buyer; or (v) require the Buyer to give any notice to, make any filing with, or obtain any authorization, consent,
or approval of any government or governmental agency, creditor or other third party in order to consummate the transactions contemplated
by this Agreement.

 

		e.	Litigation. There are no claims, demands, filings, hearings, notices of violation,
                                                               proceedings, notices or demand letters, investigations, administrative proceedings, civil, criminal or other actions, litigation,
                                                               suits, mediations, arbitrations or other legal proceedings pending or threatened against the Buyer that would materially impair the
                                                               ability of the Buyer to perform its duties or obligations under, or to consummate the transactions contemplated by, this
                                                               Agreement.

 

		f.	Buyer currently has seven Director and ten Officers

 

		g.	Full Disclosure.No representation or warranty of the Buyer in this Agreement or any agreement,
document or scheduled executed or delivered in connection with this Agreement contains any untrue statement of a material fact or omits
to state any material fact which makes any such representation or warranty misleading.

 

		h.	Buyer agrees to ensure that payments due OTC Pink and any other regulatory agency remain current.

 

		4.	CLOSING. The closing of the transactions contemplated by this Agreement (the
                                                                “Closing”) shall occur on or before December 31, 2021 (the “Closing Date”) at the registered
                                                                offices of the Buyer, or at such other time and place as the Buyer and the Seller may agree.

 

 

 

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	 	a.	Deliveries by Seller. At Closing is accepting not to sell, loan, or transfer any of the outstanding shares of COMMSA that
  represent the 51% of the company until march 31 of 2022, if payment is complete before or by march 31 of 2022, Seller shall
  immediately execute and deliver: (i) any certificate respectively issued representing the Issued Share Capital of Commsa to the
  Buyer, which certificate shall be accompanied by unit powers duly executed in blank or other duly executed instruments of transfer
  and any other documents necessary to transfer title to the Controlling Interest to the Buyer (See Exhibit B attached herein);
  and (ii) any other document, certificate or instrument deemed reasonably requested by the Buyer to consummate the transactions
  contemplated by this Agreement.

 

	 	b.	Deliveries by Buyer. At Closing, the Buyer shall execute and deliver: (i) One million shares of
  common stock of the buyer free trading and free of any encumbrances valued at $1.50 per share (ii) a promissory note for the balance
  of the purchase price due to be paid in full on or before March 31, 2022 (iii) the Copy of Board Resolution ratifying this
  Agreement; (iv) any other document, certificate or instrument deemed reasonably requested by the Seller to consummate the
  transactions contemplated by this Agreement.

 

	 	5.	TERMINATION. This Agreement may be terminated upon providing written notice to the other Parties at or prior to Closing
  as follows.

 

		a.	Written Consent. By the written consent of the Buyer and the Seller, which termination shall
                                                               be effective as of the date described in such consent.

 

		b.	Misrepresentation or Breach. By the Buyer or the Seller if: (i) any representation or
                                                               warranty of the other Party in this Agreement shall be false, misleading or incorrect in any material respect; or (ii) the other
                                                               Party shall fail to perform any of its duties, obligations or covenants described in this Agreement by or within the required
                                                               period, which failure to perform is not cured within ten (10) days after the non-defaulting Party notifies the defaulting Party in
                                                               writing of such failure to perform.

 

		c.	No Closing. By the Buyer in the event the transactions contemplated by this Agreement are not
                                                               consummated on or before March 31, 2022.

  

	 	d.	Effects of Termination. In the event this Agreement is terminated, the Seller and the Buyer
  shall have no further rights, duties, obligations or responsibilities described in this Agreement, except for: (i) the respective indemnification
  rights and obligations of the Seller and the Buyer described in Sections 8 and 9 of this Agreement; and (ii) any other right, duty,
  obligation or responsibility provided for in this Agreement to survive the termination of this Agreement notwithstanding. Notwithstanding
  the foregoing, in the event that termination of this Agreement occurs as a result of a party’s failure to perform or misrepresentation,
  the defaulting party shall be obligated and responsible for any and all costs and expenses (including reasonable attorney’s fees)
  incurred by the non-defaulting party related to or connected with this Agreement.

 

		6.	Termination After Close: On the
                                            happening of any of the following events (“Triggering Events”), this Agreement
                                            shall be null and void:

 

		i.	the bankruptcy of a Party

 

		ii.	the winding up and dissolution of a Party, or merger or other corporate reorganization of a Party as a
result of which the Party does not survive as an entity;

 

		iii.	the occurrence of any other event that is, or that would cause, a Transfer in contravention of this Agreement;
or

 

		iv.	the change of management control or majority board of director control of Buyer,

 

		v.	the breach of the payment terms under this agreement, (see Exhibit A)

 

		vi.	Each Party agrees to promptly give Notice of a Triggering Event to the other Party. The option described
above may be exercised at any time within 30 days following the other Party’s receipt of the Notice of the Triggering Event.

 

 

 

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INDEMNIFICATION BY
BUYER. The Buyer hereby covenants and agrees to indemnify, save, defend, hold harmless, discharge, and release the Seller and
his heirs and legal representatives from and against any and all Liabilities arising from, based upon, related to or associated with
(i) any breach of any representation or warranty of the Buyer contained in this Agreement; (ii) any failure of the Buyer to perform
or observe any terms, conditions or covenants contained in this Agreement; (iii) any Liability related to or involving the Share
Purchase arising, resulting or incurred from any event that occurs after the Closing Date; and (iv) any and all tax Liabilities with
respect to the Share Purchase arising, resulting or incurred after the Closing Date.

 

INDEMNIFICATION BY
SELLER. The Seller hereby covenants and agrees to indemnify, save, defend, hold harmless, discharge, and release the Buyer and
his heirs and legal representatives from and against any and all Liabilities arising from, based upon, related to or associated with
(i) any breach of any representation or warranty of the Seller contained in this Agreement; (ii) any failure of the Seller to
perform or observe any terms, conditions or covenants contained in this Agreement; (iii) any Liability related to or involving the
Share Purchase arising, resulting or incurred from any event that occurs after the Closing Date; and (iv) any and all tax
Liabilities with respect to the Share Purchase arising, resulting or incurred after the Closing Date.

 

	 	7.	SURVIVAL OF REPRESENTATIONS AND COVENANTS. The Buyer and the Seller hereby agree and covenant that all of the representations,
warranties and covenants in this Agreement shall survive the Closing for a period of One (1) year or upon the termination of this Agreement
for a period of three (3) months thereafter.

 

		8.	ENTIRE AGREEMENT. This Agreement and the exhibits attached to this Agreement constitute the
                                                                entire agreement and understanding between the Buyer and the Seller and supersede any and all prior understandings, agreements or
                                                                representations between the Buyer and the Seller, whether written or oral, related in any way to the subject matter of this
                                                                Agreement.

 

		9.	BINDING EFFECT. This Agreement shall be binding upon, and shall inure to the benefit of, the
                                                                Buyer, the Seller and their respective heirs, legal representatives, successors and permitted assigns.

 

		10.	ASSIGNMENT. The Seller may not assign any of his rights, or delegate any of his duties or
                                                                 obligations, under this Agreement without the prior written consent of the Buyer, which consent may be withheld, conditioned or
                                                                 delayed at the Buyer’s sole discretion.

 

		11.	FURTHER ASSURANCES: Each party
                                            hereto shall execute all documents and take such further action as is necessary, after closing,
                                            to effectuate the terms of this agreement and the agreements executed contemporaneously herewith.

 

		12.	MULTIPLE COUNTERPARTS. This Agreement may be executed, by facsimile or otherwise, in one or
                                                                 more counterparts, each of which shall be deemed an original but all of which together will constitute one and the same
                                                                 instrument.

 

		13.	HEADINGS. The headings contained in this Agreement are inserted for convenience only and
                                                                 shall not affect in any way the meaning or interpretation of this Agreement.

 

		14.	NOTICES. Any notices or communications required or permitted to be given by this Agreement must
be (i) given in writing, and (ii) be personally delivered or mailed by prepaid mail or overnight courier, or by facsimile transmission
delivered or transmitted to the party to whom such notice or communication is directed, to the address of such party as follows:

 

	To Buyer:	Attn: Chairman or CEO
	 	Star Alliance International, Inc.
	 	5763 Corsa Avenue, # 218
	 	West Lake Village, CA 91362
	 	Att. Richard Carey or Weverson Correia

 

 

 

 

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	To Seller:	Commsa
	 	Boulevard Austriaco 32-04 Zona 16
	 	Oficina 5, Edificio C, Lirios de Cayala Fase II
	 	Ciudad de Guatemala, Guatemala.
	 	Att. Juan Lemus or Francisco Anleu

 

Any such notice or communication shall
be deemed to have been given on (i) the day such notice or communication is personally delivered, (ii) seven (7) working days after such
notice or communication is mailed by prepaid certified or registered mail, (iii) three (3) working days after such notice or communication
sent by overnight courier, or (iv) on the day such notice or communication is transmitted and the sender has received a confirmation of
such by other means of communication. Any party may, for purposes of this Agreement, change its address, or the person to whom a notice
or other communication is marked to the attention of, by giving notice of such change to the other parties.

 

		18.	AMENDMENTS. This Agreement may be amended at any time by a written instrument signed by the
                                                                 Buyer and the Seller.

 

	 	19.	WAIVER; INJUNCTIVE RELIEF. No failure on the part of the Buyer or the Seller to exercise, and no delay in exercising, any right, power
or remedy created under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power
or remedy by such party preclude any other or further exercise thereof or the exercise of any other right, power or remedy. No waiver
by the Buyer or the Seller to any breach of, or default in, any term or condition of this Agreement shall constitute a waiver of or assent
to any succeeding breach of or default in the same or any other term or condition of this Agreement. The terms and provisions of this
Agreement, whether individually or in their entirety, may only be waived in writing and signed by the party against whom or which the
enforcement of such waiver is sought. No right, remedy or election given by any term of this Agreement or made by either party shall
be deemed exclusive, but shall be cumulative with all other rights, remedies and elections available at law or in equity. The Buyer and
the Seller acknowledge that the rights created by this Agreement are unique and recognizes and affirms that in the event of a breach
of this Agreement irreparable harm would be caused, money damages may be inadequate and an aggrieved party may have no adequate remedy
at law. Accordingly, the Buyer and the Seller agree that the other party shall have the right, in addition to any other rights and remedies
existing in its favor at law or in equity, to enforce such party’s rights and the obligations of the other party not only by an
action or actions for damages but also by an action or actions for specific performance, injunctive and/or other equitable relief (without
posting of a bond or other security).

  

		20.	SEVERABILITY. If any provision contained in this Agreement shall for any reason be held to be
                                                                 invalid, illegal, void or unenforceable in any respect, such provision shall be deemed modified so as to constitute a provision
                                                                 conforming as nearly as possible to the invalid, illegal, void or unenforceable provision while still remaining valid and
                                                                 enforceable and the remaining terms or provisions contained in this Agreement shall not be affected thereby.

 

		21.	PREVAILING PARTY. In the event that either party brings any suit, action or proceeding
                                                                 against the other party for any reason arising from or related to this Agreement, then the prevailing party shall be entitled to
                                                                 recover from the other party any and all costs and expenses, including reasonable attorney fees, arising from or related to the
                                                                 suit, action or proceeding.

 

		22.	FURTHER ACTIONS. From and after the execution of this Agreement, the Buyer and the Seller
                                                                 agree to, upon the request of the other party, execute and deliver to the other party any further documents, certificates or
                                                                 instruments, and to perform any further acts as may be required or reasonably requested to complete or evidence the transaction
                                                                 contemplated by this Agreement.

 

		23.	CONSTRUCTION.I n the event an ambiguity or question of intent or interpretation arises, this
                                                                 Agreement shall be construed as if drafted by the Buyer and the Seller, and no presumption or burden of proof shall arise favoring
                                                                 or disfavoring either party by virtue of the authorship of any of the provisions of this Agreement.

 

		24.	ABSENCE OF REVIEW. Neither the Securities and Exchange Commission nor any state or country
                                                                 securities commission has approved or disapproved of the Share Purchase or determined this Agreement or any other document related
                                                                 to this Agreement is truthful or complete. Any representation to the contrary is a criminal offense.

 

 

 

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		25.	PLURAL; GENDER. Words used in this Agreement in the singular, where the context so permits,
                                                                 shall be deemed to include the plural and vice versa. Words used in the masculine or the feminine, where the context so permits,
                                                                 shall be deemed to mean the other and vice versa. The definitions of words in the singular in this Agreement shall apply to such
                                                                 words when used in the plural where the context so permits and vice versa, and the definitions of words in the masculine or feminine
                                                                 in this Agreement shall apply to such words when used in the other form where the context so permits and vice versa.

 

	 	26.	GOVERNING LAW; VENUE; JURISDICTION. All issues and questions concerning the construction, validity, enforcement and interpretation of
this Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada, without giving effect to any
choice of law or conflict of law rules or provisions (whether of the State of Nevada or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Nevada. The Buyer and the Seller further agree that any dispute arising
out of this Agreement shall be decided by either the state or federal court in Nevada. The Buyer and the Seller shall each submit to
the jurisdiction of those courts and agree that service of process by certified mail, return receipt requested, shall be sufficient to
confer said courts with in personam jurisdiction.

 

	 	27.	WAIVER OF JURY TRIAL. THE SELLER AND THE BUYER HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY OF ANY ISSUE TRIABLE BY A JURY FULLY TO
THE EXTENT THAT ANY SUCH RIGHT NOW OR HEREAFTER EXISTS WITH REGARD TO THIS AGREEMENT, OR ANY CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING
IN CONNECTION WITH THIS AGREEMENT. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY THE SELLER AND THE BUYER
AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY MAY OTHERWISE ACCRUE.
THE SELLER AND THE BUYER ARE HEREBY AUTHORIZED TO FILE A COPY OF THIS SECTION IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER
BY THE OTHER PARTY

 

[ signatures on following page]

 

(REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)

 

 

 

 

 

 

 

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

 

“SELLER”

 

Compañía Minera metalúrgica Centro Americana
(Commsa)

 

 

/s/ Juan Lemus

Name: Juan Lemus

Title: CEO

 

“BUYER“

 

Star Alliance International Corp.

 

 

/s/ Richard Carey

Name: Richard Carey

Title: Chairman

 

 

 

 

 

 

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Exhibit A

 

PURCHASE TERMS

 

The purchase terms are as follows:

 

The purchase terms are as follows:

 

Purchase Price: $1,000,000 net in cash and 5,000,000 common
stock,,1,0

 

Percentage Purchased: 51% of the Issued Share Capital
of Commsa

 

Payments:

 

Stock: 5,000,000 Restricted shares of Common Stock
of the Buyer based on a $1.50 per share price Issued to Juan Lemus.

 

Cash: $7,500,000 operating capital net after tax to be paid
when funds available to COMMSA. Cash: $1,000,000 net after tax to be paid when funds available to Juan Lemus.

 

 

 

 

    	 	9cei_ex101.htm

EXHIBIT 10.1
   
 FIRST AMENDMENT TO 
 MEMBERSHIP INTEREST PURCHASE AGREEMENT
  
 THIS FIRST AMENDMENT TO MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Amendment”) is entered into and effective as of December 21, 2021 (the “Execution Date”), by and among RESC Renewables Holdings, LLC, a Nevada limited liability company (“Seller”), and Viking Energy Group, Inc., a Nevada corporation (“Buyer”). Capitalized terms used herein but not defined shall have the meanings ascribed to them in the MIPA (as defined below).
  
 R E C I T A L S:
  
 WHEREAS, Buyer and Seller entered into that certain Membership Interest Purchase Agreement dated as of November 18, 2021, relating to the purchase by the Buyer, and the sale by the Seller, of all of the Acquired Interests in New Rise (the “MIPA”);
  
 WHEREAS, Buyer and Seller desire to amend the MIPA and make certain changes to the MIPA as set forth herein.
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
  
 1. Amendments.
  
 a. Section 2.02. Section 2.02 is hereby amended and restated to read in its entirety as following:
  
 “Section 2.02 Consideration. The aggregate amount to be paid for the Acquired Interests shall be three hundred million dollars ($300,000,000) plus any Production Increase (the “Purchase Price”), subject to any adjustments set out herein. At the Closing, Buyer shall pay the Purchase Price as follows:
  
 (a) TWENTY FIVE MILLION UNITED STATES DOLLARS AND NO/100 CENTS ($25,000,000.00) (the “Seller Closing Date Payment”), by wire transfer of immediately available funds to an account designated in writing by Seller to Buyer no later than two (2) Business Days prior to the Closing Date; and
  
 (b) a number of shares (such amount so payable is hereinafter referred to as the “Stock Consideration”) equal to balance of the Purchase Price divided by the stated value of the preferred stock of Viking, par value $0.001 per share (“Viking Preferred Stock”), with the Viking Preferred Stock having the following terms and conditions:
  
 (i) Voting Rights: non-voting;
  
 (ii) Dividends: dividend rate of 7.25% per annum, payable semi- annually in cash or in shares of common stock of Viking, or combination of both, in each case at Viking’s option, with dividends to start accruing on the first day of the month immediately following the Commercial Operations Date;
  
 	 
	
	

	 

  
 (iii) Conversion Features:
  
 (A) Convertible into shares of common stock of Viking at a fixed conversion price equal to the volume weighted average price of Viking’s common stock during the period commencing on the date which the terms of the MIPA were disclosed by Viking through a Current Report on Form 8-K filed with the Securities and Exchange Commission and ending on the date that is the 10th business day following the Closing Date.
  
 (B) All conversions shall be subject to a 9.99% beneficial ownership limitation.
  
 (C) The conversion entitlement with respect to 40% of Stock Consideration shall not apply until the Commercial Operations Date.
  
 (iv) Redemption: Viking shall have an option to redeem up to $75 million of the Viking Preferred Stock for cash for 105% of the face value within the first eight months following the Closing Date.
  
 (v) Permanent Equity Characterization: Redemption and other features to be determined by Viking’s accounting consultants such that the Viking Preferred Stock may be characterized as “permanent equity” on Viking’s financial statements.
  
 b. Section 2.03. Section 2.03 is hereby added following Section 2.02 as follows:
  
 “Section 2.03 Post-Closing Purchase Price Adjustment.
  
 (a) Closing Date Liabilities Adjustment.
  
 (i) The Purchase Price shall be adjusted downward or upward on a dollar for dollar basis if the actual New Rise Liabilities are higher or lower than the estimated New Rise Liabilities, as provided to Viking by the Seller. Prior to the Closing Date, the Parties shall agree: (i) to the procedures associated with determining the actual New Rise Liabilities and adjustment process (the “Purchase Price Adjustment Mechanism”); and (ii) the New Rise Liabilities to be paid on the Closing Date from the proceeds of the Viking Bond (the “Closing Date Liability Payments”). For the avoidance of doubt, the Closing Date Liability Payments shall include the amount owing under the Promissory Note, any Bridge Financing, and any amount due to any other Third Party determined by Buyer to be reasonable or necessary to release any Encumbrances, Actions or other claims against the Plant or Acquired Entities.
  
 (b) Production Increase.
  
 (i) If the Plant exceeds a production capacity of 3,000 barrels per day at the Commercial Operations Date as determined by the Hargrove Production Report, then the Seller shall be entitled to an increase in the Purchase Price by ONE HUNDRED AND FIFTY THOUSAND US DOLLARS ($150,000.00) for each barrel per day the Plant exceeds a production capacity of 3,000 barrels per day, up to 3,500 barrels per day (or a maximum increase of $75,000,000.00) (such amount, if any, the “Production Increase”).
  
 	 
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 (ii) The amount of any Production Increase shall be based upon the Hargrove Production Report and shall be rounded down to the nearest whole barrel. Within five Business Days (5) days after the Commercial Operations Date, Buyer shall request that Hargrove Engineers prepare a written analysis of the production capacity of the Plant for purposes of determining any Production Increase (the “Hargrove Production Report”).
  
 (iii) After receipt of the Hargrove Production Report, Seller and Buyer shall have a Review Period of five (5) Business Days. During the Review Period, Seller and Buyer shall mutually cooperate in good faith to determine if any adjustments to Hargrove Production Report are necessary to accurately reflect any revisions to the Plant’s production capacity as provided in the Hargrove Production Report. In the event that the Parties determine that an adjustment is necessary, the Parties shall request that Hargrove Engineers make a revision to the report and any necessary recalculation of the Plant’s production capacity.
  
 (iv) Any payment of the Production Increase shall be paid, at Buyer’s option, in cash or shares of Viking Preferred Stock, or a combination of both. Any payment in shares of Viking Preferred Stock shall be paid within thirty (30) days from the final Hargrove Production Report and any payment in cash shall be due within one hundred and twenty (120) days from the final Hargrove Production Report, provided, however, that the Buyer shall be entitled to offset and deduct from the Production Increase any amount owed by Seller to Buyer pursuant to Section 2.03 or Article VIII of the MIPA.
  
 (v) Any payments made pursuant to Section 2.03(b) shall be treated as an adjustment to the Purchase Price by the Parties for Tax purposes, unless otherwise required by Law.
  
 c. Section 5.03. The last sentence of Section 5.03(a) is hereby amended and restated in its entirety to read as follows:
  
 “For purposes hereof, “Acquisition Proposal” shall mean any inquiry, proposal or offer from any Person (other than Buyer or any of its Affiliates) concerning (i) a merger, consolidation, liquidation, recapitalization or other business combination transaction involving any Acquired Company; (ii) the issuance or acquisition of Membership Interests in any Acquired Company; or (iii) the sale, lease, exchange or other disposition of any significant portion of any Acquired Company’s properties or assets, but shall exclude the Ground Lease (the parties agree the Ground Lease shall not be considered an Acquisition Proposal).
  
 	 
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 d. Section 5.15. A new Section 5.15 is inserted after Section 5.14 and reads as follows:
  
 “Section 5.15 Registration Rights. Viking shall use its best efforts to register for resale on behalf of the Seller up to $75.0 million of the Viking Preferred Stock, subject to applicable securities laws and any requirements from any financing sources. Buyer shall pay the costs of registration fees, but any costs of counsel for Seller shall be the exclusive responsibility of Seller.
  
 e. Section 5.16. A new Section 5.16 is inserted after Section 5.15 and reads as follows:
  
 “Section 5.16 Ground Lease. New Rise shall not close on the Ground Lease financing transaction on or before January 31, 2022, provided that New Rise has received sufficient cash from other sources pursuant to certain Bridge Financing for the December 2021 and January 2022 cash requirements (up to $16,500,000) of the Plant. In the event New Rise has received such additional sufficient cash for the December 2021 and January 2022 cash requirements and New Rise and Viking mutually agree that the closing of the Viking Bond will occur within a reasonable timeframe given the ongoing financial needs of the Plant, the January 31, 2022 deadline will be extended to but no later than February 28, 2022.”
  
 f. Section 7.01. Section 7.01 is hereby amended to add the following language to the end of Section 7.01 as follows:
  
 “, provided, however, the Closing Date shall be no later than January 31, 2022, subject to Section 5.16.”
  
 g. Section 7.03. A new Section 7.03(s) is inserted after Section 7.03(r) and reads as follows:
  
 “(s) Stancil & Co. or another firm mutually selected by the Parties shall have determined the Appraised Value of the Acquired Interest or, alternatively, that the enterprise value of the Acquired Entities, is at least $560 million, and such report shall be provided to New Rise and Viking.”
  
 h. Schedule A.
  
 i. The following definitions are hereby added to Schedule A, to appear in alphabetical order.
  
 “Closing Date Liabilities” shall mean any and all current and non-current Liabilities and Indebtedness of the Acquired Entities or otherwise related to the Plant as of the Closing Date.
  
 “Commercial Operations Date” shall mean the date that the Plant is capable of commencing commercial operations after having received all Permits and required Governmental approvals.
  
 	 
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 “First Amendment” shall mean that certain First Amendment to the Membership Interest Purchase Agreement, dated as of December [•], 2021, by and between the Buyer and the Seller.
  
 “Ground Lease” shall mean that potential ground lease by and between [New Rise] and the third party identified in the proposal submitted by New Rise to Viking on or about December 14, 2021, which contemplates such third party providing funding for the continued construction and development of the Plant; and any and all amounts associated with the Ground Lease, including any break-fee, will be included in the Closing Date Liabilities.
  
 “Hargrove Production Report” shall have the meaning given in the First Amendment.
  
 “Production Increase” shall have the meaning given in the First Amendment.
  
 5. Miscellaneous.
  
 	  
	 a. 
	 Continuation. The MIPA, as modified and amended hereby, shall continue in full force and effect, and Buyer and Seller hereby ratify and confirm the MIPA as amended hereby.

	  
	  
	  

	  
	 b. 
	 Amendments; No Waiver. This Amendment may not be amended except by an instrument in writing signed by all parties hereto. This Amendment shall not operate as a waiver of any covenant or provision of the Agreement.

	  
	  
	  

	  
	 c. 
	 Counterparts/Facsimile Signatures. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original instrument, and all of which together shall constitute but one and the same instrument. Facsimile and electronic signatures are considered binding.

	  
	  
	  

	  
	 d. 
	 Entire Agreement. The MIPA, as amended by this Amendment, shall constitute the entire understanding among the respective parties thereto with respect to the subject matter hereof, superseding all negotiations, prior discussions and prior agreements and understandings relating to such subject matter.

	  
	  
	  

	  
	 e. 
	 Binding Effect. This Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns.

	  
	  
	  

	  
	 f. 
	 No Third-Party Beneficiaries. This Amendment is intended to benefit only the parties hereto and their respective permitted successors and assigns and this Amendment shall never be construed to benefit or create any rights in any person or entity not a party hereto.

   
 [Signature pages follow.]
  
 	 
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 IN WITNESS WHEREOF, this Amendment is executed by the parties hereto on the Execution Date.
  
  
 	 	 SELLER:
	
	  
	  
	  

	  
	 RESC RENEWABLES HOLDINGS, LLC
	  

	 	 	 	 
		By:	/s/ Randall Soulé	
	  
	 Name: 
	 Randall Soulé
	 
	 	Title: 	 Manager
	 
	  
	  
	  
	  

	  
	  
	  
	  

	 	 BUYER:
	 
	  
	  
	  

	  
	 VIKING ENERGY GROUP, INC.
	  

	  
	  
	  

	  
	 By: 
	 /s/ James A. Doris
	  

	  
	 Name: 
	 James A. Doris
	  

	  
	 Title: 
	 President and CEO
	  

   
 	 
	6

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