Document:

Exhibit
10.1

 

DEED
OF GIFT

 

I,
KINGRICH LEE of Flat A, 23/F, Tower 3, Florient Rise, 38 Cherry Street, Kowloon, Hong Kong (“Donor”), hereby irrevocably
and unconditionally give, transfer and assign, by way of gift, without limitation or restriction, to LUCKWEL PHARMACEUTICALS INC.,
125 Cambridge Park Drive,Suite 301,Cambridge, MA 02140, its successors and assigns (the “Donee”) all of my right,
title and interest in, arising from and to the following drug programs:

 

	 	Program
    Code	Patent
    No.	Filing
    Date	Description
	 	LWEL-2101
    	63/086,205	Oct
    5, 2020	Rapid
    Disintegrating dosage form comprising Fosamprenavir
	 	 	 	 	 
	 	LWEL-2102	63/134,881	Jan
    7, 2021 	Rapid
    Distrintegrating dosage form comprising Metformin Hydrochloride
	 	 	 	 	 
	 	LWEL-2103	62/992,693	March
    20,2020	Combination
    Therapy for treating Covid-19
	 	 	 	 	 
	 	(collectively, the “Drug Programs”)	 	 

 

Affirmation
of Title. I affirm that a) I am the sole owner of the Drug Programs; b) I have good and complete right, title, and interest
in and to the Drug Programs; and c) I have full authority to give, transfer and assign my right, title and interest in and to
the Drug Programs; and d) the subject of this gift is free and clear of all encumbrances and restrictions; and e) to the best
of my knowledge the Drug Programs have not been imported or exported into or from any country contrary to its laws.

 

Documentation
Relating to the Drug Programs. In addition, I agree to transfer to the Donee documentation, and share with the Donee all information,
which I have, if any, relating to the Drug Programs.

 

This
Deed of Gift shall be governed by the laws of the State of New York.

 

IN
WITNESS WHEREOF, I, intending to be legally bound hereby, have executed this Deed of Gift this 5th day of February, 2021.

 

	/s/
    Kingrich Lee	 	Kingrich
    Lee
	Donor’s
    Signature	 	Printed
    Name

 

LUCKWEL
PHARMACEUTICALS INC. hereby accepts the above Gift this ___ day of February, 2021 and affirms that no goods or services were provided
by the Donee in consideration for this gift.

 

	By: 	/s/
    Kingrich Lee	 
	 	Kingrich
    Lee, Chief Executive OfficerExhibit
10.1

 

MUTUAL
RESCISSION AND RELEASE AGREEMENT

 

This
MUTUAL RESCISSION AND RELEASE AGREEMENT (“Rescission”) is made and entered into this February 1, 2021 (the
“Effective Date”) by and between Eliot’s Adult Nut Butter, LLC, an Oregon limited liability company (“Eliots”)
Michael Kanter, Tyler Kirk, Resolut Partners LLC, and Burst Management LLC (the “Holders”) and Verus International,
Inc., a Delaware corporation (“Verus”) (collectively, the “Parties”).

 

RECITALS:

 

WHEREAS
the Parties entered into an Asset Purchase Agreement dated September 1, 2020 (“Purchase Agreement”), and contracts
described therein, including without limitation an Assignment and Assumption Agreement, Bill of Sale, and Employment Contract
(together with the Purchase Agreement, the “Original Contracts”).

 

WHEREAS
the Parties acknowledge that Eliots is not an appropriate fit with Verus and Parties would like to continue their separate ways;
and

 

WHEREAS
the Parties hereby mutually agree to rescind the Original Contracts in order to return the Parties to their respective positions
before the Original Contract’s effective date.

 

AGREEMENT:

 

NOW
THEREFORE, for the reasons set forth above, and in consideration of the mutual covenants of the Parties hereto, the Parties agree
as follows:

 

 

1.
Rescission. The Original Contracts are hereby terminated and deemed null and void as of the Effective Date and neither
party shall have any further rights or legal obligations thereunder.

 

2.
Warranties: Verus represents, warrants, and covenants to Eliots and Holders:

 

a.
Authority. Verus is corporation duly formed, validly existing, and in good standing under the laws of the State of Delaware.
Verus has full corporate power and authority to enter into this Agreement, and to carry out its obligations hereunder and to consummate
the transactions contemplated hereby. The execution and delivery by Verus of this Agreement, the performance by Verus of its obligations
hereunder, and the consummation by Verus of the transactions contemplated hereby have been duly authorized by all requisite corporate
action on the part of Verus. This Agreement constitutes legal, valid, and binding obligations of Verus enforceable against Verus
in accordance with their respective terms.

 

b.
Compliance. Since the closing date of the Purchase Agreement through the Effective Date (the “Rescission Period”),
Verus has owned and operated the Eliots Business and the Purchased Assets (as defined in the Purchase Agreement) in compliance
with all applicable law.

 

    	 

    	 

    

 

c.
Litigation. There are no claims, actions, causes of action, demands, lawsuits, arbitrations, inquiries, audits, notices
of violation, proceedings, litigation, citations, summons, subpoenas, or investigations of any nature, whether at law or in equity
(collectively, “Actions”) pending or threatened against or by the Business or Verus relating to or affecting
the Business or Purchased Assets. During the Rescission Period, no event occurred or circumstances existed that may give rise
to, or serve as a basis for, any such Action.

 

d.
Liabilities. During the Rescission Period, Verus has incurred no extra ordinary liabilities related to Eliots business
and Purchased Assets except as were incurred in the ordinary course of business. For purposes of this Agreement, “Liabilities”
means liabilities, obligations, or commitments of any nature whatsoever, whether asserted or unasserted, known or unknown, absolute
or contingent, accrued or unaccrued, matured or unmatured, or otherwise.

 

3.
Release. Except as provided herein, the Parties hereby release and forever discharge any and all liabilities that have
arisen or may arise from the Original Contracts or any other liability or claim whatsoever, and the Parties waive any and all
claims or right to assert any claim which has arisen or may arise.

 

4.
Release Contingency. This Agreement is contingent upon and is not effective until Verus received a fully executed version
of the Release provided in this Agreement.

 

5.
Payment. In consideration of the rescission, release and severance contemplated herein, immediately upon signing of this
Agreement, Verus shall pay to Eliot’s Ten Thousand Dollars ($10,000) in cash or by wire transfer (the “Cash Payment”).

 

6.
Consideration. All parties to this Agreement agree that sufficient consideration is or has been exchanged between the parties
in return for the representations, warranties, covenants, and promises in this Agreement.

 

7.
Liabilities. The Parties agree and acknowledge that Verus is not assuming any Liabilities of any kind or nature related
to Eliots and Eliots is not assuming any Liabilities of any kind or nature related to Verus.

 

8.
Further Assurances. Each Party agrees (a) to execute and deliver such other documents, and (b) to do and perform such other
acts and things, as any other Party may reasonably request, to carry out the intent and accomplish the purposes of this Agreement.

 

9.
Eliot’s Indemnification. Eliot’s will indemnify and hold harmless Verus and its affiliated entities, and their
respective officers, directors, employees, members, shareholders, owners, and agents (each an “Verus Indemnified Party”)
from and against all liabilities, losses, damages, claims, and expenditures, including reasonable legal fees, employee or payroll
related liabilities or any liability incurred for the benefit of Eliots that may be incurred or suffered by an Indemnified Party
arising out of third party claims arising solely from the operations of Eliot’s after the Effective Date of this Agreement.

 

    	 

    	 

    

 

10.
Verus Indemnification. Verus will indemnify and hold harmless Eliot’s and Holders and their respective officers,
directors, employees, members, managers, owners, and agents (each an “Eliot Indemnified Party”) from and against
all liabilities, losses, damages, claims, and expenditures, including reasonable legal fees, that may be incurred or suffered
by an Eliot Indemnified Party arising from any inaccuracy in or breach of any of the representations, warranties, or covenants
of Verus contained in this Agreement.

 

11.
Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall
be paid by the Party incurring such costs and expenses.

 

12.
Notices. All notices, claims, demands, and other communications hereunder shall be in writing and shall be deemed to have
been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a
nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or email of a PDF document (with
confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after
normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return
receipt requested, postage prepaid. Such communications must be sent to the respective parties at the following addresses (or
at such other address for a party as shall be specified in a notice given in accordance with this Section):

  

	If
    to Eliot’s or 	 	[___]
	Holders:	 	[___]
	 	 	Email:
    michael@eliotsnutbutters.com
	 	 	Attention:
    Founder
	 	 	 
	If
    to Verus:	 	9841
    Washingtonian Blvd., Suite 390 
	 	 	Gaithersburg,
    MD 20878
	 	 	Email:
    ab@verusfoods.com
	 	 	Attention:
    General Counsel

 

13.
Interpretation; Headings. This Agreement shall be construed without regard to any presumption or rule requiring construction
or interpretation against the party drafting an instrument or causing any instrument to be drafted. The headings in this Agreement
are for reference only and shall not affect the interpretation of this Agreement.

 

14.
Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such
invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement.

 

15.
Entire Agreement. This Agreement and the other Transaction Documents constitute the sole and entire agreement of the parties
to this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous
understandings and agreements, both written and oral, with respect to such subject matter.

 

16.
Successors and Assigns; Assignment. This Agreement is binding upon and inures to the benefit of the Parties and their respective
successors and permitted assigns. Neither party may assign any of its rights or obligations hereunder without the prior written
consent of the other party, which consent shall not be unreasonably withheld, conditioned, or delayed. Any purported assignment
in violation of this Section shall be null and void. No assignment shall relieve the assigning party of any of its obligations
hereunder.

 

    	 

    	 

    

 

17.
Amendment and Modification; Waiver. This Agreement may only be amended, modified, or supplemented by an agreement in writing
signed by each party hereto. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth
in writing and signed by the party so waiving. No failure to exercise, or delay in exercising, any right or remedy arising from
this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right or remedy
hereunder preclude any other or further exercise thereof or the exercise of any other right or remedy.

 

18.
Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. All matters arising out of or relating to this Agreement
shall be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to the
conflict of law provisions thereof to the extent such provisions would require or permit the application of the laws of any jurisdiction
other than the State of Delaware. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT
OR THE OTHER TRANSACTION DOCUMENTS IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH PARTY IRREVOCABLY
AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY
LEGAL ACTION, PROCEEDING, CAUSE OF ACTION, OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, INCLUDING ANY EXHIBITS
AND SCHEDULES ATTACHED TO THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT: (I) NO REPRESENTATIVE OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT THE OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION; (II) EACH PARTY HAS CONSIDERED
THE IMPLICATIONS OF THIS WAIVER; (III) EACH PARTY MAKES THIS WAIVER KNOWINGLY AND VOLUNTARILY; AND (IV) EACH PARTY HAS BEEN INDUCED
TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

19.
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, email, or other
means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this
Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above by their
respective officers thereunto duly authorized.

 

	 	ELIOTS:
	 	ELIOT’S ADULT NUT BUTTER
	 	 	 
	 	By:	/s/
    Michael Kanter
	 	Name:	Michael
    Kanter
	 	Title:	CEO
    
	 	 	 
	 	HOLDERS:
    
	 	 
	 	MICHAEL KANTER
	 	 
	 	/s/
    Michael Kanter
	 	 
	       	TYLER KIRK
	 	 	 
	 	/s/
    Tyler Kirk
	 	 	 
	 	RESOLUT PARTNERS LLC
	 	 	 
	 	By:	/s/
    Nater Youngchild 
	 	Name:	Nater
    Youngchild
	 	Title:	 
	 	 	 
	 	BURST MANAGEMENT LLC
	 	 	 
	 	By:	/s/
    Mike Robinson
	 	Name:	Mike
    Robinson
	 	Title:	 
	 	 	 
	 	BUYER:
	 	VERUS INTERNATIONAL
	 	 	 
	 	By:	/s/
    Anshu Bhatnagar 
	 	Name:	Anshu
    Bhatnagar 
	 	Title:	CEO

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