Document:

ex10-1.htm

Exhibit 10.1

 

SHARE PURCHASE AGREEMENT

This Agreement made as of the 31st day of October, 2013 (“Agreement”), by and between WILLIAM TAY, with an address at 2000 Hamilton Street, #943, Philadelphia, PA 19130 ("Seller"), MELANTHIOS ACQUISITION CORP., a Delaware corporation (the “Corporation”), of the same address as the Seller, and UREN ENTERPRISES, LLC, with an address at 7524 Glenturret Circle, The Colony, Texas 75056 ("Purchaser").

W I T N E S S E T H:

WHEREAS, Seller is the record owner and holder of 31,390,000 Common Shares, par value $.0001 par value (the “Shares”), of MELANTHIOS ACQUISITION CORP., a Delaware corporation ("Corporation”), SEC FILE & CIK Numbers: 000-54811 / 0001502629, respectively, which Corporation has 31,390,000 shares of common stock, issued and outstanding as of the date of this Agreement, as more fully described in the attached Exhibit A.

WHEREAS, Purchaser desires to purchase 31,390,000 of the Shares from Seller, which constitutes 100% of the Corporation’s issued and outstanding shares as of the date of this Agreement and Seller desires to sell such Shares upon the terms and conditions hereinafter set forth;

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained in this Agreement, and in order to consummate the purchase and sale of the Corporation’s Shares, it is hereby agreed, as follows:

1.             PURCHASE AND SALE OF SHARES.  Subject to the terms and conditions of this Agreement, Purchaser agrees to purchase at the Closing and the Seller agrees to sell to Purchaser at the Closing, 31,390,000 of Seller’s Shares for a total price of Twenty-Five Thousand U.S. Dollars and No Cents (US$25,000.00) (the “Purchase Price”).

2.             GOOD FAITH DEPOSIT.  At the signing of this Agreement, Purchaser agrees to wire transfer to an account to be designated by Seller, the sum of Three Thousand U.S. dollars and No Cents (US$3,000.00) as an initial deposit to Seller.  At the Closing, as defined below, Purchaser will pay the balance of the Purchase Price, Twenty-Two Thousand U.S. dollars and No Cents (US$22,000.00) to Seller by wire transfer.

3.             CLOSING.  The purchase and sale of the Shares shall take place on or before November 11, 2013; at such time and place as the Purchaser and Seller mutually agree upon orally or in writing (which time and place are designated as the “Closing”).  At Closing, Purchaser shall deliver to Seller, in cash, by wire transfer to an account to be designated by Seller, the balance of the Purchase Price in the amount of Twenty-Two Thousand U.S. dollars and No Cents (US$22,000.00), and Seller will immediately deliver the following to Purchaser: (A) the certificates representing the Shares transferred hereunder, duly endorsed for transfer to the Purchaser or accompanied by appropriate stock powers, (B) the original of the Certificate of Incorporation and bylaws, (C) all corporate books and records (including all accounting records and SEC filings to date); and (D) written resignations of incumbent directors and officers of the Corporation.

4.             SEC FILING. The Corporation agrees to do the 10-Q filing for the Quarterly period ending on September 30, 2013 by November 14, 2013.

 

  

Initials: WT / MU 1

  

5.             REPRESENTATIONS AND WARRANTIES OF SELLER.  Seller, as sole director and officer of Corporation, hereby represents and warrants to Purchaser that:

	
(i)  

	
Corporation is a corporation duly organized and validly existing and in good standing under the laws of the State of Delaware and has the corporate power and authority to carry on the business it is now being conducted.  Corporation and/or Seller do not require any consent and/or authorization, declaration or filing with any government or regulatory authority to undertake any actions herein;

	
(ii)  

	
Corporation is newly formed with no financial information available other than the financial information included in its SEC filings, or enclosed herein;

	
(iii)  

	
There are no legal actions, suits, arbitrations, or other administrative, legal or governmental proceedings threatened or pending against the Corporation and/or Seller or against the Seller or other employee, officer, director or stockholder of Corporation.  Additionally, Seller is not aware of any facts which may/might result in or form a basis of such action, suit, arbitration or other proceeding on any basis whatsoever;

	
(iv)  

	
The Corporation has no subsidiaries or any direct or indirect ownership interest in any other corporation, partnership, association, firm or business in any manner;

	
(v)  

	
The Corporation and/or Seller does not have in effect nor has any present intention to put into effect any employment agreements, deferred compensation, pension retirement agreements or arrangements, options arrangements, bonus, stock purchase agreements, incentive or profit–sharing plans;

	
(vi)  

	
The Corporation does not have any liabilities or contractual obligations currently or which may accrue in the future;

	
(vii)  

	
No person or firm has, or will have, any right, interest or valid claim against the Corporation for any commission, fee or other compensation in connection with the sale of the Shares herein as a finder or broker or in any similar capacity as a result of any act or omission by the Corporation and/or Seller or anyone acting on behalf of the Corporation and/or Seller;

	
(viii)  

	
The business and operation of the Corporation has and will be conducted in accordance with all applicable laws, rules, regulations, judgments.  Neither the execution, delivery or performance of this Agreement (A) violates the Corporation’s by-laws, Certificate of Incorporation, Shareholder Agreements or any existing resolutions; and, (B) will cause the Corporation to lose any benefit or any right or privilege it enjoys under the Securities Act (“Act”) or other applicable state securities laws;

	
(ix)  

	
Corporation has not conducted any business and/or entered into any agreements with third-parties;

	
(x)  

	
This Agreement has been duly executed and delivered by Seller constitutes a valid and binding instrument, enforceable in accordance with its terms and does not conflict with or result in a breach of or in violation of the terms, conditions or provisions of any agreement, mortgage, lease or other instrument or indenture to which Corporation and/or Seller a party or by which they are bound;

	
(xi)  

	
Seller is the legal and beneficial owner of the Shares and has good and marketable title thereto, free and clear of any liens, claims, rights and encumbrances;

	
(xii)  

	
Seller warrants that the Corporation being transferred shall be transferred with no liabilities and little or no assets, and shall defend and hold Purchaser and the Corporation harmless against any action by any third party against either of them arising out of, or as a consequence of, any act or omission of Seller or the Corporation prior to, or during the closing contemplated by this contract of sale; and

	
(xiii)  

	
Seller will cause all current officers and directors of the Corporation to resign at the Closing.

 

  

Initials: WT / MU 2

  

 

6.             REPRESENTATIONS AND WARRANTIES OF PURCHASER.  Purchaser hereby represents and warrants to Seller that:

	
(i)  

	
Purchaser has the power and authority to execute and deliver this Agreement, to perform his obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by Purchaser and constitutes a valid and binding instrument, enforceable in accordance with its terms;

	
(ii)  

	
The execution, delivery and performance of this Agreement is in compliance with and does not conflict with or result in a breach of or in violation of the terms, conditions or provisions of any agreement, mortgage, lease or other instrument or indenture to which Purchaser is a party or by which Purchaser is bound;

	
(iii)  

	
At no time was Purchaser presented with or solicited by or through any leaflet, public promotional meeting, television advertisement or any other form of general solicitation or advertising; and,

	
(iv)  

	
Purchaser is purchasing the Shares solely for his own account for the purpose of investment and not with a view to, or for sale in connection with, any distribution of any portion thereof in violation of any applicable securities law.

	
(v)  

	
The Purchaser is an "accredited investor" as defined under Rule 501 under the Securities Act.

	
(vi)  

	
Purchaser hereby agrees that such shares are restricted pursuant to Rule 144 and therefore subject to Rule 144 resale requirements.

7.             NOTICES.  Notice shall be given by certified mail, return receipt requested, the date of notice being deemed the date of postmarking. Notice, unless either party has notified the other of an alternative address as provided hereunder, shall be sent to the address as set forth herein:

 

	 	Seller:	 	William Tay, President
	 	 	 
Melanthios Acquisition Corp.

	 	 	2000 Hamilton Street, #943
	 	 	Philadelphia, PA 19130
	 	 	FAX: (215) 405-8018
	 	 	Email: william.tay@hotmail.com or wtay@56k.net
	 	 	 
	 	Purchaser:	 	Uren Enterprises, LLC
	 	 	7524 Glenturret Circle,
	 	 	The Colony, Texas 75056
	 	 	Telephone: (214)505-3839
	 	 	Email: muren@rentdues.com

 

8.             GOVERNING LAW.  This Agreement shall be interpreted and governed in accordance with the laws of the State of New York.   The parties herein waive trial by jury.  In the event that litigation results or arise out of this Agreement or the performance thereof, the parties agree that the prevailing party is entitled to reimbursement for the non-prevailing party of reasonable attorney’s fee, costs, expenses, in addition to any other relief to which the prevailing party may be entitled.

9.             CONDITIONS TO CLOSING.  The Closing is conditioned upon the fulfillment by the Seller of the satisfaction of the representations and warranties made herein being true and correct in all material respects as of the date of Closing.

10.           SEVERABILITY.  In the event that any term, covenant, condition, or other provision contained herein is held to be invalid, void or otherwise unenforceable by any court of competent jurisdiction, the invalidity of any such term, covenant, condition, provision or Agreement shall in no way affect any other term, covenant, condition or provision or Agreement contained herein, which shall remain in full force and effect.

 

  

Initials: WT / MU 3

  

 

11.           ENTIRE AGREEMENT.  This Agreement contains all of the terms agreed upon by the parties with respect to the subject matter hereof. This Agreement has been entered into after full investigation.

12.           INVALIDITY.  If any paragraph of this Agreement shall be held or declared to be void, invalid or illegal, for any reason, by any court of competent jurisdiction, such provision shall be ineffective but shall not in any way invalidate or effect any other clause, paragraph, section or part of this Agreement.

13.           GENDER AND NUMBER; SECTION HEADINGS.  Words importing a particular gender mean and include the other gender and words importing a singular number mean and include the plural number and vice versa, unless the context clearly indicated to the contrary.  The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

14.           AMENDMENTS.  No amendments or additions to this Agreement shall be binding unless in writing, signed by both parties, except as herein otherwise provided.

15.           ASSIGNMENT.  Neither party may assign this Agreement without the express written consent of the other party.  Any agreed assignment by the Seller shall be effectuated by all the necessary corporate authorizations and governmental and/or regulatory filings.

16.           CLOSING DOCUMENTS.  Seller and Purchaser agree, at any time, to execute, and acknowledge where appropriate, and to deliver any and all documents/instruments, and take such further action, which may necessary to carry out the terms, conditions, purpose and intentions of this Agreement.  This paragraph shall survive the Closing.

17.           EXCLUSIVE AGREEMENT; AMENDMENT. This Agreement supersedes all prior agreements or understandings among the parties with respect to its subject matter with respect thereto and cannot be changed or terminated orally.

18.           FACSIMILE SIGNATURES. Execution of this Agreement and delivery of signed copies thereof by facsimile signatures from the parties hereto or their agents is acceptable to the parties who waive any objections or defenses based upon lack of an original signature.

19.           PUBLICITY.   Except as otherwise required by law, none of the parties hereto shall issue any press release or make any other public statement, in each case relating to, connected with or arising out of this Agreement or the matters contained herein, without obtaining the prior approval of the other to the contents and the manner of presentation and publication thereof.

IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have signed this Agreement by their duly authorized officers the day and year first above written.

/s/ Mark Uren                            

UREN ENTERPRISES, LLC

(PURCHASER)

MELANTHIOS ACQUISITION CORP.       

A DELAWARE CORPORATION

/s/ William Tay                          

NAME: WILLIAM TAY

TITLE: PRESIDENT, CEO AND SOLE DIRECTOR

 

/s/ William Tay                         

WILLIAM TAY

(SELLER)

 

  

Initials: WT / MU 4ex10-1.htm

EXHIBIT 10.1

AGREEMENT FOR SERVICES

 

 

This Agreement for Services (this “Agreement”) is made as of the 18th day of June, 2013, by and between Global 8 Properties, Inc., a California corporation ("Contractor"), and Golden Gate Homes, Inc., a Delaware corporation ("GGH").

 

RECITALS

 

GGH desires to reward Contractor for assisting GGH in the sales, marketing and administration of that certain single family home construction project located at 2604 First Street, Napa, California (the “Napa Villas Project”), which has resulted in the pre-sales of  fourteen (14) single family homes in the Napa Village Project (“Units”).

 

GGH further wishes to engage Contractor to continue to assist GGH in the sales, marketing and administration of the Napa Villas Project.

 

SERVICES TO BE RENDERED

 

(1)(a) GGH hereby engages Contractor to perform the following services relating to the Napa Villas Project (collectively, the "Services"):

 

	
·  

	
Supervise pre-construction services and permitting;

 

	
·  

	
Produce public report for the Department of Real Estate;

 

	
·  

	
Develop reserve studies for establishing HOA expenses and fees;

 

	
·  

	
Supervise site work construction services;

 

	
·  

	
Supervise vertical construction services;

 

	
·  

	
Supervise post-vertical construction services;

 

	
·  

	
Perform market analysis;

 

	
·  

	
Establish pricing and absorption assumptions;

 

	
·  

	
Evaluate competition and market;

 

	
·  

	
Generate leads;

 

	
·  

	
Engage in pre-sales;

 

	
·  

	
Provide escrow and closing services; and

 

	
·  

	
Any other services typically required for the performing of the Services.

 

  

  

  

 

(1)(b) Contractor shall be responsible for all aspects of the Services to be performed, either directly or through supervising the services of subcontractors.  GGH shall be responsible for the fees and expenses of all independent contractors, subcontractors, suppliers, and service agents hired by Contractor to assist in performing the Services, and will reimburse Contractor for all of such out-of-pocket fees and expenses.  GGH shall also be responsible for all travel and out-of-pocket expenses incurred by Contractor in connection with performing the Services.

 

(2) Advances.  Subject to the provisions in Section 1 above, Contractor shall not be obligated to make any advance to or for the account of GGH or to pay any sum, nor shall Contractor be obliged to perform any task, or incur any liability or obligation for the account of GGH without assurance that the necessary funds for the discharge thereof will be provided.  Contractor shall keep and make available to GGH detailed cash receipts and disbursement records, and all invoices.

 

(3) Affiliate Contracts.  Any contract Contractor enters into on behalf of, or to support, the performance of the Services must be approved by GGH.

 

(4) Compensation: Contractor’s compensation for the Services shall be as follows:  $120,000 plus reimbursement for all out-of-pocket fees and expenses incurred for the subcontractors, services, and travel set forth in Section 1(b).

 

(5) Term:  Subject to the terms of this Agreement, GGH engages Contractor for the period beginning on June 18, 2013 and ending at the consummation of the sale of the last Unit,  or November 30, 2013, whichever comes first, unless terminated earlier pursuant to the terms hereof (the "Term"), and Contractor hereby accepts such engagement.

 

CONTRACTOR STANDARD TERMS AND CONDITIONS

 

(6) Performance of Services.  In performing the Services, Contractor shall observe a standard of care, skill and diligence that is equal or superior to the standard normally employed by third parties performing the same or similar services.  Contractor shall be responsible for the quality, accuracy and timely completion of all Services furnished under this Agreement.  GGH retains the right to reject any part of the Services rendered by Contractor in the event it determines, in its sole discretion, that such Services are unsatisfactory or otherwise not completed according to the standards set forth in this Section 6.  Contractor shall, without additional compensation, and at its own cost and expense, correct any errors, omissions or other deficiencies in the Services.  If such deficiencies are not corrected in a timely manner, GGH may cause the same to be corrected and recover costs incurred, either by deducting the costs from Contractor’s compensation or by proceeding directly against Contractor.  In addition, Contractor agrees to proceed with diligence and promptness in the performance of the Services and to take all precautions necessary for the proper performance of the Services, and to assume all risk for its failure to do so.

 

(7) Lower Tier Subcontractors.  In the event Contractor proposes to engage any third parties including, without limitation, subcontractors to Contractor, to perform a portion of the Services (a "Lower Tier Subcontractor"), such Lower Tier Subcontractor must first be approved in writing by GGH, unless already contemplated by this Agreement.  Contractor will cause all Lower Tier Subcontractors to acknowledge that they are bound by the provisions of this Agreement.  GGH shall be responsible for the payment of all compensation to Lower Tier Contractors including, without limitation, reimbursement of all costs incurred by such Lower Tier Subcontractors.  Contractor shall be responsible for supervising the Lower Tier Contractors and ensuring their timely performance of the Services.

 

  

  

  

 

(8) Independent Contractor.  Contractor shall be retained by GGH only for the purposes and to the extent set forth in this Agreement, and Contractor's relation to GGH during the Term shall be that of an independent contractor and not an employee.  Contractor shall control the methods, details and means in which the Services are performed and shall be solely responsible for the safety and supervision of its employees, subcontractors, agents and representatives.  Contractor will be solely responsible for all matters relating to its employees including, without limitation, compliance with Social Security, withholding, unemployment and similar taxes.  Notwithstanding the foregoing, GGH retains the right to review and generally supervise the Services so as to insure that such services conform to the requirements of this Agreement.

 

(9) Taxes.  Contractor is responsible for paying when due all income taxes, including estimated taxes, incurred as a result of the compensation paid by GGH to Contractor for the Services.  Contractor acknowledges that GGH shall not withhold or make any payment for payroll or unemployment taxes of any kind that may be due from payments to Contractor hereunder.  

 

(10) Indemnity.  To the fullest extent permitted by law, Contractor will indemnify, defend and hold GGH, its employees, officers, directors, and agents harmless from and against all liability, losses, cost, expenses and fees arising out of this Agreement that are caused by reason of or arising out of the gross negligence, willful misconduct or wanton or criminal or fraudulent act, or breach of this Agreement by Contractor, its agents, employees, or subcontractors.

 

(11) Copies of Data.  Upon GGH's request, Contractor shall deliver to GGH copies of all documents prepared by Contractor in the course of performing the Services.

 

(12) Compliance with Laws.  Contractor will comply with all applicable federal, state and local laws, regulations, standards and ordinances in the course of performing the Services.

 

(13) Termination with Cause. In the event that Contractor shall (a) fail or refuse, as a result of any willful or intentional misconduct or gross negligence, to perform any of its obligations or duties hereunder in any material respect, or (b) fail to perform in any material respect any of the obligations or duties hereunder, which failure is not cured to GGH’s reasonable satisfaction within ten (10) days following Contractor’s receipt of a notice specifying such defaults from GGH, GGH shall have the right to terminate this Agreement upon written notice to Subcontractor.

 

(14) Limitation of Contractor's Damages.  Except as expressly set forth herein, Contractor will not be entitled to any compensation or damages including, without limitation, lost profits, as a result of termination by GGH under Section 13.

 

  

  

  

 

GENERAL LEGAL PROVISIONS

 

(15) Relationship of the Parties.  Nothing herein shall be construed to place the parties in the relationship of partners, joint venturers, affiliates or agents, and neither party shall have the power to bind or obligate the other in any manner whatsoever, other than as specifically provided herein.

 

(16) Amendments.  This Agreement supersedes all prior agreements and understandings between the parties and may only be changed as expressly set forth herein or by written amendment executed by both parties.

 

(17) Assignments.  In entering into this Agreement, GGH is relying on Contractor's qualifications to perform the Services.   Contractor shall not assign any of its duties or rights under this Agreement, or any claim arising out of or related to this Agreement, whether arising in tort, contract or otherwise, without the prior written consent of GGH.  Any unauthorized assignment is void and unenforceable.  Subject to the foregoing, this Agreement shall be binding upon the heirs, administrators, successors and permitted assigns of the parties hereto.

 

(18) Waivers.  No waiver by either party of any default by the other party in the performance of any provision of this Agreement will operate as, or be construed as, a waiver of any future default, whether like or different in character.

 

(19) No Third Party Beneficiaries.  This Agreement gives no rights or benefits to anyone other than GGH and Contractor and does not extend rights to any third party beneficiaries.

 

(20) Notices.  Any notice required or permitted under this Agreement shall be effective when personally delivered in writing; or on the date when the notice is transmitted by electronic facsimile or e-mail (with a confirmation copy to be sent by mail); or the day after the notice is sent by overnight air courier service; or three days after the date of mailing.

 

(21) Governing Law; Jurisdiction and Venue.  This Agreement and its validity, interpretation and enforcement shall be governed by the internal laws of California without giving effect to its choice of law principles.  All disputes arising out of this Agreement shall be subject to the exclusive jurisdiction of the state and federal courts within Napa County, California, and the parties agree to submit to the exclusive jurisdiction and venue of these courts to the exclusion of all others that might otherwise have had jurisdiction or venue.

 

 

	
Accepted by GGH:

 

Golden Gate Homes, Inc.

By: /s/ Tim Wilkens                                                                  

Title: Chief Executive Officer

 

	
Accepted by Contractor:

 

Global 8 Properties, Inc.

By: /s/ Tim Wilkens                                                            

Title: Chief Executive Officer

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