Document:

Exhibit

Exhibit 4.2

DESCRIPTION OF CAPITAL STOCK
Except as otherwise indicated herein or as the context otherwise requires, references in this exhibit to “we,” “us,” “our” and “the company” refer to Tilly’s, Inc. The following description of our common stock and certain provisions of our certificate of incorporation and bylaws are summaries and are qualified in their entirety by reference to the full text of our certificate of incorporation and bylaws. We urge you to read those documents, each of which are incorporated by reference as exhibits to our filings with the Securities and Exchange Commission, or the SEC, for additional information.
Our authorized capital stock consists of:
 
	
				
	 
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	100,000,000 shares of Class A common stock, $0.001 par value;

 
	
				
	 
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	35,000,000 shares of Class B common stock, $0.001 par value; and

 
	
				
	 
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	10,000,000 shares of preferred stock, $0.001 par value.

Only our Class A common stock is registered under Section 12 of the Securities Exchange Act of 1934, as amended.
Common Stock
Our certificate of incorporation divides our common stock into two classes of common stock, Class A common stock and Class B common stock. Holders of Class A common stock and Class B common stock have identical rights, except with respect to certain voting and conversion as further described below. The holders of Class A common stock are entitled to one vote per share held of record and holders of Class B common stock are entitled to 10 votes per share held of record on all matters submitted to a vote of stockholders, including the election of directors. Except as may be provided with respect to shares of preferred stock, the holders of our common stock will possess the exclusive voting power.
Holders of our common stock will have no preference, exchange, sinking fund, redemption or appraisal rights and have no preemptive rights to subscribe for any of our securities.
Voting Rights.
On all matters on which the holders of our common stock are entitled to vote, the holders of the Class A common stock and the Class B common stock vote together as a single class. Holders of Class A common stock are entitled to one vote for each share held of record and holders of Class B common stock are entitled to 10 votes for each share held of record on all matters submitted to a vote of stockholders. Holders of our common stock will not have cumulative voting rights, which means that in the election of directors, the holders of shares of common stock representing a plurality of the votes cast can elect all of the directors then standing for election, and the holders of the remaining shares will not be able to elect any directors. Our stockholders cannot amend, alter or repeal any provision of our bylaws without the affirmative vote of two thirds of all stockholders voting together as a single class.
Conversion of Class B Common Stock.
All outstanding shares of Class B common stock will convert automatically into a like number of shares of Class A common stock in the event:
 

Exhibit 4.2

	
				
	 
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	The number of shares of Class A common stock and Class B common stock beneficially owned by Hezy Shaked and any Hezy Shaked Entity (as defined below), in the aggregate, represents less than 15.0% of the total aggregate number of shares of Class A common stock and Class B common stock outstanding;

 
	
				
	 
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	The death of Hezy Shaked; or

 
	
				
	 
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	Mr. Shaked’s ceasing to be affiliated with us in any capacity as a result of a permanent disability.

 
In addition, shares of Class B common stock that are transferred will automatically convert into a like number of shares of Class A common stock, other than transfers to Hezy Shaked or a Hezy Shaked Entity.
For purposes of our certificate of incorporation, a “Hezy Shaked Entity” is:
 
	
				
	 
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	any not-for-profit corporation controlled by Hezy Shaked, Tilly Levine or the children of Hezy Shaked and Tilly Levine, or any combination thereof;

 
	
				
	 
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	any other corporation if at least 66% of the value and voting power of its outstanding equity is owned by Hezy Shaked, Tilly Levine or the children of Hezy Shaked and Tilly Levine, or any combination thereof;

 
	
				
	 
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	any partnership if at least 66% of the value and voting power of its partnership interests are owned by Hezy Shaked, Tilly Levine or the children of Hezy Shaked and Tilly Levine, or any combination thereof;

 
	
				
	 
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	any limited liability or similar company if at least 66% of the value and voting power of the company and its membership interests are owned by Hezy Shaked, Tilly Levine or the children of Hezy Shaked and Tilly Levine; or

 
	
				
	 
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	any trust the primary beneficiaries of which are Hezy Shaked, Tilly Levine or the children of Hezy Shaked and Tilly Levine and/or charitable organizations, which if the trust is a wholly charitable trust, at least 66% of the trustees of such trust are appointed by Hezy Shaked, Tilly Levine or the children of Hezy Shaked and Tilly Levine.

Dividend Rights.
The holders of our common stock are entitled to receive pro rata such lawful dividends when, if and as may be declared from time to time by our board of directors out of funds legally available for payment. However, such dividends would be subject to preferences that may be applicable to the holders of any outstanding shares of our preferred stock. 
Liquidation.
In the event of a liquidation, dissolution or winding up of the affairs of our company, whether voluntary or involuntary, the holders of our common stock will be entitled to receive pro rata all of our remaining assets available for distribution to our stockholders. Any such pro rata distribution would be subject to the rights of the holders of any outstanding shares of our preferred stock.
Rights and Preferences.
The shares of our common stock have no preemptive rights, no redemption or sinking fund provisions and are not liable for further call or assessment. The rights, powers, preferences and privileges of holders of our common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of our preferred 

Exhibit 4.2

stock that we may designate and issue in the future. The outstanding shares of our common stock are, and all shares of common stock to be issued in this offering will be, non-assessable.
Preferred Stock
Our board of directors has the authority, without further action by the stockholders, to issue up to 10,000,000 shares of preferred stock in one or more series and to fix the designations, powers, preferences, privileges, and relative participating, optional, or special rights as well as the qualifications, limitations, or restrictions of the preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption and liquidation preferences, any or all of which may be greater than the rights of the common stock. Accordingly, our board of directors, without stockholder approval, may issue preferred stock with voting, conversion, or other rights that could adversely affect the voting power and other rights of the holders of common stock. Preferred stock could be issued quickly with terms calculated to delay or prevent a change of control or make removal of management more difficult. Additionally, the issuance of preferred stock may have the effect of decreasing the market price of our Class A common stock, may adversely affect the voting and other rights of the holders of our common stock, and could have the effect of delaying, deferring or preventing a change of control of our company or other corporate action. At present, we have no plans to issue any shares of preferred stock.
Anti-Takeover Provisions
Certificate of Incorporation and Bylaws
Our certificate of incorporation and bylaws further provide that all stockholder actions must be effected at a duly called meeting of stockholders and not by consent in writing, and our bylaws require advance notice of stockholder proposals and director nominations. A special meeting of stockholders may be called only by our board of directors, the chairperson of our board of directors, our chief executive officer or president (in the absence of a chief executive officer). Our certificate of incorporation further provides that the affirmative vote of two thirds of all stockholders voting together as a single class is required to amend certain provisions of our certificate of incorporation, including provisions relating to removal of directors and special meetings. 
Our certificate of incorporation further provides that if all shares of our Class B common stock are converted into Class A common stock or otherwise cease to be outstanding, our board of directors will be divided into three classes in the manner provided by our certificate of incorporation. After the directors in each class serve for the initial terms provided in our certificate of incorporation, each class will serve for a staggered three-year term. Our certificate of incorporation permits removal of a director only for cause by the affirmative vote of the holders of a majority of the voting power of the company once the board of directors is divided into three classes and provides that director vacancies can only be filled by an affirmative vote of a majority of directors then in office. 
Our bylaws provide that, unless we consent in writing to an alternative forum, the Court of Chancery of the State of Delaware will be the sole and exclusive forum for (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee to us or our stockholders, (iii) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law, or (iv) any action asserting a claim that is governed by the internal affairs doctrine. Any person purchasing or otherwise acquiring any interest in any shares of our capital stock shall be deemed to have notice of and to have consented to this provision of our bylaws. This choice-of-forum provision may limit our stockholders’ ability to bring a claim in a judicial forum that it finds favorable for disputes with us or our directors, officers or other employees, which may discourage such lawsuits. 
The foregoing provisions may make it more difficult for our existing stockholders to replace our board of directors as well as for another party to obtain control of our company by replacing our board of directors, and could have the effect of delaying, deferring or preventing a change of control of our company or other corporate action.

Exhibit 4.2

Anti-Takeover Effects of Delaware Law
We are subject to the provisions of Section 203 of the Delaware General Corporation Law. Under Section 203, we would generally be prohibited from engaging in any business combination with any interested stockholder for a period of three years following the time that this stockholder became an interested stockholder unless:
 
	
				
	 
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	prior to this time, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;

 
	
				
	 
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	upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding shares owned by persons who are directors and also officers, and by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

 
	
				
	 
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	at or subsequent to such time, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock that is not owned by the interested stockholder.

Under Section 203, a “business combination” includes:
 
	
				
	 
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	any merger or consolidation involving the corporation and the interested stockholder;

 
	
				
	 
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	any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder;

 
	
				
	 
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	any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder, subject to limited exceptions;

 
	
				
	 
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	any transaction involving the corporation that has the effect of increasing the proportionate share of the stock of any class or series of the corporation beneficially owned by the interested stockholder; or

 
	
				
	 
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	the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.

In general, Section 203 defines an interested stockholder as an entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with or controlling or controlled by such entity or person.SALE AND PURCHASE OF OWNERSHIP INTEREST
between
FREECOOK AND Mr. Mikhail Bukshpan
  
  
 THIS OWNERSHIP PURCHASE AGREEMENT (“Agreement”), dated March 30, 2020, is by and between FREECOOK, a Nevada corporation (“FreeCook”, “Buyer”, “Company”); and Mikhail Bukshpan, a Canadian individual (“Mr. Bukshpan” or the “Seller”). The Buyer and the Seller may be referred to herein singularly as a “Party” and collectively as the “Parties”.
  
 RECITALS:
  
 WHEREAS, the Buyer is the owner of the restricted shares of common stock of FreeCook (“FRCK” or the “Company”); and
  
 WHEREAS, Mr. Bukshpan is the owner of 100% rights and assets of Itnia Co. LLC, a Wyoming limited liability company, which owns 100% of MB Lemalike Innovations, a Lithuanian IT consulting company, free and clear of all liens, claims, charges and encumbrances, which is being transferred pursuant to this Agreement; and
 WHEREAS, FreeCook desires to purchase Itnia Co. LLC and make it a 100% wholly owned subsidiary of FreeCook, along with MB Lemalike Innovations including all the ownership rights of the company; and
 WHEREAS, Seller desires to sell, and Buyer desires to purchase 100% of the ownership interests of Itnia Co. LLC including 100% rights and assets of MB Lemalike Innovations, contingent upon the terms and subject to the conditions set forth in this Agreement.
  
  
 NOW, THEREFORE, the parties agree as follows:
  
 ARTICLE I
 PURCHASE AND SALE OF OWNERSHIP
  
 1.1.    Sale of Ownership Interest. Mr. Bukshpan hereby agrees to sell, convey, transfer, assign and deliver to Buyer on the Closing Date (as defined in Section 1.3), free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever, 100% of the ownership of duly and validly issued, fully paid and non-assessable ownership interest of Itnia Co. LLC, a Wyoming limited liability company. Itnia Co. is a holder of 100% rights and assets of MB Lemalike Innovations, a Lithuanian small company, free and clear of all liens, claims, charges and encumbrances.
  
  
 1.2.   Purchase Price. Subject to the terms and conditions of this Agreement and in reliance upon the respective representations, warranties and covenants of FreeCook and Itnia Co. herein contained and in full consideration of such sale, conveyance, transfer, assignment and delivery of the ownership to Buyer, Buyer agrees to deliver to Mr. Bukshpan a cumulative total of one hundred fifty thousand (150,000) restricted shares of FreeCook treasury valued at One Dollar ($1.00) per share. The shares will be delivered to Mr. Bukshpan within the reasonable time frame upon the execution of this Agreement.  Additionally, FreeCook shall provide to Mr. Bukshpan, as consideration, a Promissory Note, in the amount of One Hundred Fifty Thousand United States Dollars ($150,000 US), attached as Exhibit A to this Agreement. 
  
 1.3.   Closing. The final closing of the transactions detailed by this Agreement (the “Closing”) will take place simultaneously with the execution of this Agreement.
   
 1.4.   Operations of Subsidiary. Itnia Co. will continue to operate as an independent entity; Mikhail Bukshpan will remain Chief Executive Manager of Itnia Co. MB Lemalike Innovations will continue to operate as an independent entity; Mikhail Bukshpan will remain Director of MB Lemalike Innovations.
  
 1.5.   Operations of Parent. FreeCook will continue to conduct its business as it is presently being conducted; Natalija Tunevic will remain President of FreeCook.
   
 1.6.   Itnia Co. Debt. All debts and liabilities presently owed by Itnia Co., as well as any debts and liabilities incurred after the execution of this Agreement, shall remain Itnia Co.’s sole responsibility. Itnia Co. agrees to indemnify and hold harmless from all claims, losses and legal actions related to Itnia Co., FreeCook, and each of its individual officers, employees, directors and affiliates.
  
 1.7.    Freeook Debt. All debts and liabilities presently owed by FRCK shall remain its sole responsibility as well as any debts and liabilities incurred after the execution of this Agreement.
  
 1.8.    Assets and Liabilities. All assets and liabilities presently owned by the parties shall at all times remain their respective assets and liabilities without claim by the other party.
  
 1.9.   Restricted Shares. Mr. Bukshpan acknowledges and agrees that the United States Securities & Exchange Commission has not reviewed the offering of the Shares and that the Shares have not been registered under the Act and may not be offered or sold in the United States or to U.S. persons unless the Shares are registered under the Act, sold in accordance with the provisions of Regulation S of the Act or pursuant to an available exemption from registration.  The certificate representing the Shares will bear the following legend and the Seller agrees to abide by the terms thereof: 
  
 The Securities represented hereby have not been registered under the Securities Act of 1933 (the “Act”) and have been issued in reliance upon an exemption from the registration requirements of the Act provided by Regulation S promulgated under the Act.  Such securities may not be re-offered for sale or resold or otherwise transferred except in accordance with the provisions of Regulation S, pursuant to an effective registration under the Act, or pursuant to an available exemption from registration under the Act.  Hedging transactions involving the securities may not be conducted unless in compliance with the Act.
  
  
 
  
 ARTICLE II
 REPRESENTATIONS AND WARRANTIES OF SELLER
  
 To induce Freeook to enter into this Agreement, Mikhail Bukshpan represents and warrants to Freeook as follows:
  
 2.1.     Organization and Qualifications of Itnia Co. Itnia Co. is lawfully existing and in good standing with full power and authority to conduct its business as represented to Freeook. Itnia Co. is duly qualified and in good standing in each state where such qualification is required.
  
 2.2.     Capitalization of Itnia Co. As of the date of the execution of this Agreement, there are no outstanding warrants, options, preemptive rights, or other rights to purchase or acquire any of Itnia Co.’s ownership or ownership interests. No securities, liens or liabilities of Itnia Co. are either directly or indirectly convertible into or exchangeable for ownership or ownership interests of Itnia Co., and there are no ownership or similar rights based on the book value or any other attribute of any ownership of Itnia Co., unless otherwise indicated in the present agreement. 
  
 2.3.     Subsidiaries. Itnia Co. has a Lithunian subsidiary under the name of MB Lemalike Innovations and under control of Mr. Bukshpan. The subsidiary operates as an independent entity.
  
 2.4.     Title to Properties; Condition of Properties. Itnia Co. has good and marketable title to all of the assets listed on its Latest Balance Sheet. All assets necessary for the continued operation of Itnia Co.’s business as it is currently being conducted and as it has been conducted since its inception are owned by Itnia Co. or subject to valid leasehold interests.
  
 2.5.     Absence of Undisclosed Liabilities. Itnia Co. has no liabilities of any nature, whether accrued, absolute or contingent, other than and to the extent reflected or reserved against on the Latest Balance Sheet and liabilities incurred in the ordinary course of business since the date of the Latest Balance Sheet. There are no agreements, judgments, decrees, orders or, to the best knowledge of Itnia Co., any facts which materially affect, or may in the future (so far as can now be reasonably foreseen) materially affect, the business, properties, operations or condition of Itnia Co. which have not been specifically disclosed in this Agreement. 
  
 2.6.     Conduct of Business in the Ordinary Course. Itnia Co. has conducted its businesses since its inception only in the usual and ordinary course consistent with past practice. Since such date Itnia Co. has not (i) sold or transferred any of its assets, except inventory in the ordinary course of business; (ii) changed any method of accounting or accounting practice; (iii) increased or promised to increase the compensation payable to any employee; (iv) made any direct or indirect payments, dividends, distributions, sales or transfers of assets, other than normal compensation, to any officer, director, shareholder or employee of Itnia Co. or any of their affiliates; (v) changed its ownership or other ownership interest in Itnia Co.; or (vi) suffered any damage or casualty to its assets.
  
 2.7.    Ownership of the Rights. Mikhail Bukshpan hereby agrees to transfer, convey, assign and deliver to Freeook the 100% of the ownership rights of MB Lemalike Innovations, owned by Itnia Co. LLC. 
  
 
 2.8.     Litigation. There are no legal, administrative, arbitration or other proceeding or governmental investigations pending or, to the best knowledge of Itnia Co., threatened against Itnia Co.
  
 2.9.     Compliance with Laws. Itnia Co. has not violated, and is not violating, any laws, regulations or permits which apply to the conduct of its business, the failure with which to comply would have a material adverse effect on Itnia Co.   
 2.10.   Warranty or Other Claims. There are no existing material claims against Itnia Co. for goods or services which are defective or fail to meet any product warranties or contract or industry standards. To the best knowledge of Mikhail Bukshpan, there are no threatened claims, or any facts upon which a claim could be based, against Itnia Co. for goods or services which are defective or fail to meet any product warranties or contract or industry standards.
  
 2.11.     Itnia Co.’s Familiarity with Freeook. Mr. Bukshpan represents that he has been afforded an opportunity to review all books and recoreds of Freeook that is available to its Board of Directors, as well as the opportunity to ask questions, and is making an informed independent investment decision. Mr. Bukshpan further represents that he has made his own independent analysis of Freeook’s intended business model and is not relying upon any representations of same from Freeook.
  
 2.12.      Non-U.S. Resident. Chief Executive Manager of Itnia Co. is not a “U.S. Person” as defined by Regulation S of the Act and is not acquiring the Shares for the account or benefit of a U.S. Person.  A “U. S. Person” is defined by Regulation S of the Act to be any person who is: 
  
 (i) Any natural person resident in the United States;
  
 (ii) Any partnership or corporation organized or incorporated under the laws of the United States;
  
 (iii) Any estate of which any executor or administrator is a U.S. person;
  
 (iv) Any trust of which any trustee is a U.S. person;
  
 (v) Any agency or branch of a foreign entity located in the United States;
  
 (vi) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person;
  
 (vii) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and
  
 (viii) Any partnership or corporation if:
  
 (A) Organized or incorporated under the laws of any foreign jurisdiction; and
  
 (B) Formed by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in § 230.501(a)) who are not natural persons, estates or trusts. 
  
 
  
 ARTICLE III
 LEGAL AUTHORITY OF SELLER
  
 3.1.     Authority of Seller. Mr. Bukshpan represents and warrants to FreeCook that he, as Chief Executive Manager of Itnia Co., has full and unrestricted legal right, power and authority to enter into this Agreement, and to sell, assign, transfer, and deliver to FreeCook valid, lawful and marketable title to all ownership interests to be sold, assigned and transferred by Itnia Co. to FreeCook pursuant to this Agreement, and that the Itnia Co. Personnel signing this document have full and unrestricted legal right, power and authority to enter into this Agreement on behalf of Itnia Co. and all its owners.
  
 Mr. Bukshpan represents that neither the execution and delivery of this Agreement nor any other agreements contemplated hereby nor the consummation of the transactions contemplated hereby will conflict with or result in any violation of, or result in default or loss of a benefit under, or permit the acceleration of any obligation under, any judgment, order, decree, mortgage, contract, agreement, deed of trust, indenture, lease or other instrument or any federal, state or local statute, law, ordinance, rule, or regulation applicable to Itnia Co. or any of its assets, property or business.
  
 3.2.    Title. Upon delivery to FreeCook of certificates representing all of Itnia Co.’s and its owner’s ownership interests at Closing, FreeCook will acquire lawful, valid and marketable title to such 100% ownership of Itnia Co., free and clear of all liens, encumbrances, purchase rights, claims, pledges, mortgages, security interests, or other limitations or restrictions whatsoever.
  
 3.3.     Prohibitions of Transactions. Itnia Co. represents and warrants to FreeCook that it is not presently a party to or subject to nor bound by any agreement or any judgment, order, writ, injunction or decree of any court or any governmental body which contains any provision which would or could operate to prevent the carrying out of this Agreement or the transactions contemplated hereby. There are no actions, suits, proceedings at law or in ownership by any person or entity, or any arbitration or administrative proceeding or other proceeding pending or threatened, which could prevent consummation of the transactions contemplated by this Agreement other than listed herein.
  
 ARTICLE IV
 REPRESENTATIONS AND WARRANTIES OF BUYER
  
 FreeCook represents and warrants to Mikhail Bukshpan as follows:
  
 4.1.     Approval. FreeCook has all necessary corporate power and is duly authorized to purchase, acquire and accept the rights and ownership interest as specified in this Agreement. FreeCook has taken all action required to authorize and approve the execution and delivery of this Agreement and the consummation by FreeCook of the transactions contemplated hereby.
   
 4.2.     Subsidiaries. FreeCook has a subsidiary under the name of Thynews Tech LLC, a Wyoming limited liability company. The subsidiary operates as an independent entity. 
  
 4.3.     Conduct of Business in the Ordinary Course. FreeCook has conducted its businesses since its inception only in the usual and ordinary course consistent with past practice. Since such date FreeCook has not (i) sold or transferred any of its assets, except inventory in the ordinary course of business; (ii) changed any method of accounting or accounting practice; (iii) increased or promised to increase the compensation payable to any employee; (iv) made any direct or indirect payments, dividends, distributions, sales or transfers of assets, other than normal compensation, to any officer, director, shareholder or employee of FreeCook or any of their affiliates; (v) changed its ownership or other ownership interest in FreeCook; or (vi) suffered any damage or casualty to its assets.
  
  
 ARTICLE V
 CLOSING DOCUMENTS
  
 5.1     Deliveries of Itnia Co. Mr. Bukshpan shall deliver to FreeCook at closing, full rights and titles to 100% of the ownership of Itnia Co., as indicated in Section 1.1.
  
 ARTICLE VI
 COVENANTS
  
 6.1     Waiver of Rights: Except as set forth herein, the Parties hereto further agree, covenant, represent and warrant that they intend to and do hereby waive and relinquish any and all rights and benefits conferred on them by any statutory or decisional authorities which would otherwise preclude release of unknown claims.
  
 6.2.    Scope. If, at the time of enforcement of Section 6.2, a court of competent jurisdiction shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area.
  
 ARTICLE VII
 INDEMNIFICATION
  
 7.1     Mutual Indemnification: Each party agrees to indemnify, defend and hold harmless the other party from and against any and all claims, demands, expenses (including reasonable attorney fees) or assertions of any kind arising out of or in any way connected with (a) any alleged act, failure to act, omission, or misrepresentation by the indemnifying party, its officers, directors, employees or agents; or (b) any breach by the indemnifying party of any of the terms, conditions, warranties or representations contained in this Agreement, or in any other instrument executed by the indemnifying party in connection with this Agreement.
  
 ARTICLE VIII
 MISCELLANEOUS
  
 8.1.     Survival of Representations and Warranties. The representations, warranties, covenants and agreements set forth in this Agreement or in any writing delivered to FreeCook or Itnia Co. in connection with this Agreement will survive the Closing Date and the consummation of the transactions contemplated hereby.
  
  
8.2.     Governing Law. Each of the provisions of this Agreement shall be enforceable independent of any other provision and independent of any other claim or cause of action. In the event of any dispute arising under the terms of this Agreement, the parties hereto agree that the jurisdiction shall remain with the State of Nevada and the laws thereof will govern its interpretation, validity and effect of this Agreement without regard to the place of its execution or place of performance.
  
 Any controversy or claim arising out of or relating to this Agreement or the breach thereof, shall be determined through arbitration administered pursuant to the rules of the American Arbitration Association and the judgment on the award rendered therein may be entered in any court having jurisdiction thereof. Each party shall initially be responsible for its own attorney fees, costs and expenses of arbitration. The Arbitrator may include, in the award, an assessment of expenses of arbitration and the costs thereof with an award of reasonable attorney fees to the prevailing party.
  
 8.3.     Entire Agreement. This Agreement, including the other documents referred to herein which form a part hereof, contains the entire understanding of the parties hereto with respect to the subject matter contained herein. There are no restrictions, promises, warranties, covenants, or undertakings, other than those expressly provided for herein. This Agreement supersedes all prior agreements and undertakings between the parties with respect to such subject matter. No waiver and no modification or amendment of any provision of this Agreement shall be effective unless specifically made in writing and duly signed by the party to be bound thereby.
  
 8.4.     Severability of Invalid Provision. If any one or more covenants or agreements provided in this Agreement should be contrary to law, then such covenant or covenants, agreement or agreements shall be null and void and shall in no way affect the validity of the other provisions of this Agreement.
  
 8.5.     Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns, and no other person shall acquire or have any right under or by virtue of this Agreement.
  
 8.6.     Section Headings. Section headings contained in this Agreement are inserted only as a matter of convenience and in no way define, limit, extend or describe the scope of this Agreement or the intent of any of the provisions hereof.
  
 8.7.     Counterparts. This Agreement may be executed in one or more counterparts and shall become effective when one or more counterparts have been signed by each of the parties.
  
 8.8.     Waiver. Waiver by any party hereunder of any breach of or failure to comply with any provision of this Agreement by the other party shall not be construed as, or constitute a continuing waiver of, or a waiver of any other breach of, or failure to comply with, any other provision of this Agreement.
  
 8.9.     Non-exclusivity. The rights, remedies, powers and privileges provided in this Agreement are cumulative and not exclusive and shall be in addition to any and all other rights, remedies, powers and privileges granted by law, rule, regulation or instrument.
  
  
8.10.    Notices. All notices, requests, consents and other communications required or permitted hereunder must be in writing and must be personally delivered, mailed first-class postage prepaid, registered or certified mail, or delivered by a nationally recognized overnight courier:
  
 If to Seller, at:

 Mr. Mikhail Bukshpan
 Itnia Co. LLC
 30 N Gould Street Ste R
Sheridan WY 82801 USA
Attn: Mikhail Bukshpan
Phone: 13642026243
  
 If to Buyer, at:

 FreeCook
 44A Gedimino avenue
 Vilnius, 01110, Lithuania
 Attn: Natalija Tunevic
 Phone: 37052512561
 
 
 or to such other address as Mr. Bukshpan or FreeCook may specify to the other by written notice, and such notices and other communications will be treated as being effective or having been given when delivered, if personally delivered, or when received, if sent by mail.
  
 This agreement may have amendments after review by legal counsel of both parties and if they are mutually agreed upon, in writing, by both parties.
  
 IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto on the day and year first above written.
  
 BUYER
  
  
 By: 
 Natalija Tunevic, Sole Officer and Director
  
 SELLER
   
 By: 
 Mikhail Bukshpan
  
 
  
  
  
  
  
  
  
  
  
  
 Exhibit A
  
  
 
PROMISSORY NOTE
  
  
 	  
	  

	 Principal Amount:
	  

	 $150,000.00
	 Issue Date: March 30, 2020

  
 For value received, the undersigned, FreeCook, a Nevada corporation, (the “Borrower”) hereby unconditionally promises to pay to the order of Mr. Mikhail Bukshpan, Chief Executive Manager of Itnia Co. LLC, a Wyoming LLC having its principal place of business at 30 N Gould Street Ste R Sheridan WY 82801 (the “Lender”), the principal amount of One Hundred Fifty Thousand U.S. Dollars ($150,000.00) (the “Principal Amount”), together with 10% per annum interest thereon (computed on the basis of a 360-day year for the actual number of days elapsed) according to the terms of this promissory note (this “Note”). Defined terms used herein without definition shall have the meanings given in the Sale and Purchase of Ownership Interest.
  
 This Note is delivered pursuant to the terms of that certain Sale and Purchase of Ownership Interest, by and among FreeCook and Mr. Mikhail Bukshpan.  Capitalized terms used but not defined in this Note shall have the meanings ascribed to them in the Letter.
  
 This Note is not a certificate of deposit or similar obligation of, and is not guaranteed or insured by, any depository institution, the Federal Deposit Insurance Corporation, the Securities Investor Protection Corporation or any other governmental or private fund or entity.
  
 1.  Repayment of the Note.  The Principal Amount outstanding hereunder shall be payable upon the Maturity Date (as defined below).  The entire Principal Amount and all accrued and unpaid interest shall be due and payable on the earlier to occur of (i) the Maturity Date, and (ii) an Event of Default (as defined below).
  
 (a)  Optional Prepayments.  The Borrower may prepay any amounts owing under this Note, in whole or in part, at any time and from time to time, without premium or penalty.
  
 (b)  Method of Payment.  The Borrower will make all payments of principal and interest under this Note by wire transfer of immediately available funds to the bank account specified by the Lender in written notice delivered to the Borrower at least three (3) business days before the applicable payment date, or in cash.
  
 (c)  Maturity Date.  The Principal Amount, together with any accrued and unpaid interest, shall become due and payable on the 30th of May 2021 (any, the “Maturity Date”). On the Maturity Date, to the extent not already paid, the Borrower shall pay to Company the Indebtedness in full.
  
 (d)  Currency. All dollar amounts are in U.S. dollars.
  
 
 (e)  Invalidated Payments.  To the extent that the Lender receives any payment on of any amounts owing under this Note, and any such payment(s) or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, subordinate and/or required to be repaid to a trustee, receiver or any other person or entity under any bankruptcy act, state or federal law, common law or equitable cause, then, to the extent of such payment(s) received, the Borrower’s obligations or part thereof intended to be satisfied shall be revived and continue in full force and effect, as if such payment(s) had not been received by the Lender and applied on account of the Borrower’s obligations under this Note.
  
 (f). Surrender and Cancellation.  Once the Principal Amount, plus all accrued but unpaid interest thereon, has been paid in full, all obligations under this Note will immediately and automatically terminate, and the Lender will promptly surrender this Note to the Borrower for cancellation.
  
 2.  Event of Default.  An event of default will occur if the Borrower fails on the Maturity Date to pay timely the Principal Amount and accrued interest pursuant to this Note (an “Event of Default”).  Upon an Event of Default, the unpaid portion of the Principal Amount will bear simple interest from the date of the Event of Default to the payment date at a rate equal to eighteen percent (10.00%) per annum, for the duration of such Event of Default. The Borrower may prepay all or a part of the Indebtedness due hereunder at any time.
  
 3.   Remedies.
  
 (a)  At any time an Event of Default exists or has occurred and is continuing, the Lender shall have all rights and remedies provided in this Note, the Uniform Commercial Code (the “UCC”) and other applicable law, all of which rights and remedies may be exercised without notice to or consent by the Borrower except as such notice or consent is expressly provided for hereunder or required by applicable law.  All rights, remedies and powers granted to the Lender hereunder, under the UCC or under other applicable law, are cumulative, not exclusive and enforceable, in the Lender’s discretion, alternatively, successively, or concurrently on any one or more occasions.
  
 (b)  The Borrower hereby agrees to pay all reasonable out-of-pocket costs and expenses, including reasonable attorneys’ fees, incurred by the Lender in the collection of the indebtedness evidenced by this Note, in enforcing any of the rights, powers, remedies and privileges of the Lender hereunder, or in connection with any further negotiations, modifications, releases, or otherwise incurred by the Lender in connection with this Note.  As used in this Note, the term “attorneys’ fees” shall mean reasonable charges and expenses for legal services rendered to or on behalf of the Lender in connection with the collection of the indebtedness evidenced by this Note at any time whether prior to the commencement of judicial proceedings and/or thereafter at the trial and/or appellate level and/or in pre-judgment and post-judgment or bankruptcy proceedings.
  
  
 4.  Miscellaneous.
  
 (a)  Notices.  All notices, offers, acceptance and any other acts under this Note (except payment) shall be in writing, and shall be sufficiently given if delivered to the addresses in person, by Federal Express or similar overnight next business day delivery or by email delivery followed by overnight next business day delivery, as follows:
  
 To the Borrower:
 FreeCook 
 44A Gedimino avenue
 Vilnius, 01110, Lithuania
 Attn: Natalija Tunevic
 Phone: 37052512561
  
  
  
 To the Lender:
 Mikhail Bukshpan
 Itnia Co. LLC
 30 N Gould Street Ste R
Sheridan WY 82801 USA
Attn: Mikhail Bukshpan
Phone: 13642026243
  
 or to such other address as any of them, by notice to the other may designate from time to time. Time shall be counted from the date of transmission.
  
 (b)  Successors and Assigns.  This Note and the obligations hereunder shall inure to the benefit of and be binding upon the respective successors and assigns of the parties; provided, however, that neither party may assign any of its rights or obligations hereunder without the prior written consent of the other, except that the Lender may assign all or any portion of its rights hereunder to an affiliate of the Lender without such consent by giving written notice of such assignment to the Borrower.  Assignment of all or any portion of this Note in violation of this Section 4(b) shall be null and void.
  
 (c)  Amendment; Waiver.  No modification, amendment or waiver of any provision of this Note shall be effective unless in writing and approved by the Borrower and the Lender.
  
 (d)   Waiver of Jury Trial. EACH OF THE COMPANY AND THE BORROWER HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE. EACH OF THE COMPANY AND THE BORROWER CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, ABIDE BY THE FOREGOING WAIVER, (B) EACH OF THE COMPANY AND THE BORROWER UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH OF THE COMPANY AND THE BORROWER MAKES THIS WAIVER VOLUNTARILY, AND (D) EACH OF THE COMPANY AND THE BORROWER HAS ENTERED INTO THIS NOTE FREELY AND FULLY UNDERSTANDS THE WAIVER IN THIS SECTION.
  
 
 (e)   Governing Law.  This note is governed by the laws of the State of Nevada, without regard to conflict of laws principles.
  
 (f)  Consent to Jurisdiction.  Each of the Borrower and the Lender hereby (a) agrees to the exclusive jurisdiction of any state or federal court sitting in the State of Nevada (and the appropriate appellate courts) with respect to any claim or cause of action arising under or relating to the Note, (b) waives any objection based on forum non conveniens and waives any objection to venue of any such suit, action or proceeding, (c) waives personal service of any and process upon it, and (d) consents that all services of process be made by registered or certified mail (postage prepaid, return receipt requested) directed to it at its address stated in this Note and service so made will be complete when received.  Nothing in this Section (l) will affect the rights of the Borrower or the Lender to serve legal process in any other manner permitted by law.
  
 The Borrower hereby signs this Note as of the date first written above.
  
 	  
	  
	  

	 BORROWER:
	 FREECOOK 

	  
	  
	  

	  
	  
	  

	  
	 By:
	 /s/ Natalija Tunevic

	  
	 Name:
	 Natalija Tunevic

	  
	 Title:
	 President

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