Document:

Exhibit 10.2

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE
AGREEMENT (this “Agreement”), dated as of the date on the signature page hereto, is entered into by and
between UPAY, Inc., a Nevada corporation (the “Company”), and Emerging Markets Consulting, LLC, a Florida limited
liability company (the “Purchaser”).

 

RECITALS:

 

WHEREAS, subject
to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended
(the “Securities Act”), the Company desires to sell to the Purchaser, and the Purchaser desires to purchase
1,875,000 shares of common stock, par value $0.001 per share, of the Company (the “Shares”) at a price of $0.0013
per Share (the “Purchase Price”) for aggregate gross proceeds of up to $2,500 (the “Share Purchase”);
and

 

WHEREAS, the Company desires to enter
into this Agreement to issue and sell the Shares and the Purchaser desires to purchase that number of the Shares set forth on the
signature page hereto on the terms and conditions set forth herein.

 

1. AGREEMENT
TO PURCHASE AND SELL THE SHARES. Subject to the terms and conditions of this Agreement, the Purchaser hereby agrees to
purchase from the Company, and the Company hereby agrees to sell and issue to the Purchaser, the Shares for the Purchase Price
at the Closing (as defined below).

 

2. CLOSING. The purchase
and sale of the Shares shall take place electronically or at such physical location on the date as the parties shall mutually
agree (the “Closing”). At the Closing, against delivery of the Purchase Price by wire transfer of immediately
available funds in accordance with the Company’s instructions, the Company shall issue and deliver or cause to be delivered
to the Purchaser the stock certificate representing the Shares as soon as practical.

 

3. REPRESENTATIONS AND WARRANTIES
OF THE COMPANY. The Company hereby represents and warrants to the Purchaser, as of the date hereof and as of each Closing,
that:

 

(a) Organization
and Existence; Authority/Capacity. The Company is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation with full right, power and authority to enter into this Agreement and to consummate the transactions
contemplated hereby and to otherwise carry out, perform and discharge its obligations under such documents.

 

(b) Due Authorization.
All corporate actions on the part of the Company necessary for the authorization, execution, delivery and performance of all obligations
of the Company under this Agreement, including the authorization, issuance, reservation for issuance and delivery of the Shares,
have been taken and no further consent or authorization of the Company is required. This Agreement constitutes the legal, valid
and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as may be limited
by (i) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement
of creditors’ rights generally, and (ii) the effect of rules of law governing the availability of equitable remedies.

 

(c) Valid Issuance
of the Shares. When issued at the Closing, the Shares will be duly authorized, validly issued, fully paid and non-assessable,
free and clear from all taxes and liens, claims and encumbrances imposed by the Company, other than restrictions under applicable
securities laws, and will not be subject to any preemptive rights or similar rights that have not been waived by the holders thereof.

 

     

     

    

  

(d) No Conflicts.
The execution, delivery and performance of the Agreement by the Company, and the consummation by the Company of the transactions
contemplated thereby, do not and will not (i) conflict with or violate any provision of the Company’s organizational documents,
(ii) conflict with, result in a breach of or constitute a default (or an event that with notice or lapse of time or both would
become a default) under, result in the creation of any lien upon any of the properties or assets of the Company or any of its subsidiaries
pursuant to, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse
of time or both) of, any agreement, credit facility, debt or other instrument to which the Company (or any of its subsidiaries)
is a party or by which any property or asset of the Company (or any of its subsidiaries) is bound or affected, except to the extent
such conflict, breach, default, lien or right would not reasonably be expected to result in a material adverse effect on the Company,
or (iii) result in a violation of any constitution, statute, law, rule, regulation, order, judgment, injunction, decree, ruling,
charge or other restriction of any court or governmental authority to which the Company (or any of its subsidiaries) is subject
(including without limitation federal, state and foreign securities laws and regulations) or by which any material property or
asset of the Company (or any of its subsidiaries) is bound or affected, except to the extent such violation would not reasonably
be expected to result in a material adverse effect on the Company.

 

(e) Capital Changes.
Until the Company becomes trading on a securities exchange, it shall not undertake a reverse or forward stock split or reclassification
of the Common Stock.

 

4. REPRESENTATIONS AND WARRANTIES
OF THE PURCHASER. The Purchaser hereby represents and warrants to the Company that:

 

(a) Due Authorization.
All action on the part of the Purchaser necessary for the authorization, execution, delivery of and the performance of the transactions
contemplated by this Agreement have been taken and no further consent or authorization of the Purchaser is necessary. This Agreement,
when delivered by the Purchaser in accordance with the terms hereof, will constitute the Purchaser’s legal, valid and binding
obligation, enforceable in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, reorganization
or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and (ii) the
effect of rules of law governing the availability of equitable remedies.

 

(b) Purchase for
Own Account. The Shares are being acquired for investment for the Purchaser’s own account, not as a nominee or agent,
in the ordinary course of business, and not with a view to the public resale or distribution thereof within the meaning of the
Securities Act. The Purchaser does not have any agreement or understanding, direct or indirect, with any other person to sell or
otherwise distribute the Shares. Notwithstanding the foregoing, the parties hereto acknowledge the Purchaser’s right at all
times to sell or otherwise dispose of all or any part of the Shares in compliance with applicable federal and state securities
laws and as otherwise contemplated by this Agreement.

 

(c) Investment Experience
and Knowledge of the Company. Purchaser represents that it is an accredited investor within the meaning of Regulation D under
the Securities Act. Purchaser has substantial experience as an investor in offering transactions of securities of private companies
similar to the Company and acknowledges that it can bear the economic risk of its investment in the Shares and has such knowledge
and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the
Shares and protecting its own interests in connection with this investment. Purchaser has also had the opportunity to ask questions
of and receive answers from the Company and its management regarding the Company and the terms and conditions of this investment.

 

     

     

    

  

5. MISCELLANEOUS.

 

(a) Successors
and Assigns. The terms and conditions of this Agreement will inure to the benefit of and be binding upon the respective successors
and permitted assigns of the parties. The Company shall not assign this Agreement or any rights or obligations hereunder without
the prior written consent of the Purchaser. Purchaser may assign its rights under this Agreement to any person to whom the Purchaser
assigns or transfers any of the Shares, provided that such transferee agrees in writing to be bound by the terms and provisions
of this Agreement, and such transfer is in compliance with the terms and provisions of this Agreement and permitted by federal
and state securities laws.

 

(b) Expenses.
Each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company
shall pay all transfer agent fees, stamp taxes and other taxes and duties levied in connection with the delivery of any Shares
to the Purchaser.

 

(c) Governing Law.
This Agreement will be governed by and construed and enforced under the laws of the State of Nevada, without reference to principles
of conflict of laws or choice of laws.

 

(d) Survival.
The representations and warranties of the Company contained in Section 3 of this Agreement and of the Purchaser contained
in Section 4 of this Agreement shall survive six months after the Closing.

 

(e) Counterparts;
Electronic Delivery. This Agreement may be executed in any number of counterparts, each of which shall be enforceable against
the parties actually executing such counterparts, and all of which together shall constitute one instrument, and such counterparts
may be delivered electronically via PDF or facsimile.

 

(f) Headings.
The headings and captions used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement.

 

(g) Notices.
Any notices and other communications required or permitted under this Agreement shall be in writing and shall be delivered (i)
personally by hand or by courier, (ii) mailed by United States first-class mail, postage prepaid or (iii) sent by facsimile or
other electronic transmission directed to the address or facsimile number or other address for electronic transmission set forth
below. All such notices and other communications shall be deemed given upon (i) receipt or refusal of receipt, if delivered personally,
(ii) three (3) days after being placed in the mail, if mailed, or (iii) confirmation of facsimile transfer or other electronic
transmission, if faxed or emailed.

 

If to the Company:

 

UPAY, Inc.

Uitzicht Park, Unit 6

No. 2 Bellingham Road

Centurion, South Africa 0158

Attention:  Jaco Folscher

 

If to the Purchaser:

 

Emerging Markets Consulting, LLC

 

     

     

    

  

15701 SR 50, Suite 205

Clermont, FL 34711

Attention: James Painter, III

 

(h) Amendments and
Waivers. This Agreement may be amended and the observance of any term of this Agreement may be waived only with the written
consent of the Company and the Purchaser. Any amendment effected in accordance with this Section 5(h) will be binding upon
the Purchaser, the Company and their respective successors and assigns.

 

(i) Severability.
If any provision of this Agreement is held to be unenforceable under applicable law, such provision will be excluded from
this Agreement and the balance of the Agreement will be interpreted as if such provision were so excluded and will be
enforceable in accordance with its terms.

 

(j)Entire Agreement.
This Agreement, together with all exhibits and schedules thereto, constitutes the entire agreement and understanding of the parties
with respect to the subject matter hereof and thereof and supersede any and all prior negotiations, correspondence, agreements,
understandings, duties or obligations between the parties with respect to the subject matter hereof and thereof.

 

(k)Waivers.
No waiver by any party to this Agreement of any default with respect to any provision, condition or requirement of this Agreement
shall be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement hereof, nor
shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right accruing
to it thereafter.

 

(l) Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Purchaser
and the Company will be entitled to specific performance under this Agreement. The parties agree that monetary damages may not
be adequate compensation for any loss incurred by reason of any breach of obligations described in the foregoing sentence and hereby
agree to waive in any action for specific performance of any such obligation the defense that a remedy at law would be adequate.

 

[Signature Page Follows]

 

     

     

    

  

SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT

 

Please acknowledge your acceptance of the foregoing Stock Purchase
Agreement with UPAY, Inc. by signing and returning a copy to the Company whereupon it shall become a binding agreement.

 

NUMBER OF SHARES 1,875,000 x $0.0013 = $2.500
(the “Purchase Price”)

 

	/s/ James Painter III	
	Signature	 

 

	James Painter III/Managing Member 	 
	Name Typed or Printed	 
	 	 
	15701 SR 50, Suite 205	 
	Address	 
	 	 
	Clermont, FL 34711	 
	City, State and Zip Code	 

 

	407-340-0226	 
	Telephone - Businesss	 
	 	 
	321-206-6682	 
	Telephone – Residence	 
	 	 
	 	 
	Facsimile – Business	 
	 	 
	06-1723817	 
	Tax ID # or Social Security #	 

 

Name in which securities should be issued: Emerging
Markets Consulting LLC,                        

 

Dated: 10/26          ,
2015

 

This Stock Purchase Agreement is agreed to and accepted as
of the date first written above.

 

	 	UPAY, INC.
	 	 
	 	By:	/s/ Jaco Folscher
	 	 	Name:	Jaco Folscher
	 	 	Title:	PresidentExhibit 10.3

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE
AGREEMENT (this “Agreement”), dated as of the date on the signature page hereto, is entered into by and
between UPAY, Inc., a Nevada corporation (the “Company”), and Rainmaker Consulting Group, LLC, a Florida limited
liability company (the “Purchaser”).

 

RECITALS:

 

WHEREAS, subject
to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended
(the “Securities Act”), the Company desires to sell to the Purchaser, and the Purchaser desires to purchase
1,875,000 shares of common stock, par value $0.001 per share, of the Company (the “Shares”) at a price of $0.0013
per Share (the “Purchase Price”) for aggregate gross proceeds of up to $2,500 (the “Share Purchase”);
and

 

WHEREAS, the
Company desires to enter into this Agreement to issue and sell the Shares and the Purchaser desires to purchase that number of
the Shares set forth on the signature page hereto on the terms and conditions set forth herein.

 

1. AGREEMENT
TO PURCHASE AND SELL THE SHARES. Subject to the terms and conditions of this Agreement, the Purchaser hereby agrees to
purchase from the Company, and the Company hereby agrees to sell and issue to the Purchaser, the Shares for the Purchase Price
at the Closing (as defined below).

 

2. CLOSING.
The purchase and sale of the Shares shall take place electronically or at such physical location on the date as the parties shall
mutually agree (the “Closing”). At the Closing, against delivery of the Purchase Price by wire transfer of
immediately available funds in accordance with the Company’s instructions, the Company shall issue and deliver or cause to
be delivered to the Purchaser the stock certificate representing the Shares as soon as practical.

 

3. REPRESENTATIONS
AND WARRANTIES OF TILE COMPANY. The Company hereby represents and warrants to the Purchaser, as of the date hereof and
as of each Closing, that:

 

(a) Organization
and Existence; Authority/Capacity. The Company is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation with full right, power and authority to enter into this Agreement and to consummate the transactions
contemplated hereby and to otherwise carry out, perform and discharge its obligations under such documents.

 

(b) Due Authorization.
All corporate actions on the part of the Company necessary for the authorization, execution, delivery and performance of all obligations
of the Company under this Agreement, including the authorization, issuance, reservation for issuance and delivery of the Shares,
have been taken and no further consent or authorization of the Company is required. This Agreement constitutes the legal, valid
and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as may be limited by
(i) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement
of creditors’ rights generally, and (ii) the effect of rules of law governing the availability of equitable remedies.

 

(c) Valid Issuance
of the Shares. When issued at the Closing, the Shares will be duly authorized, validly issued, fully paid and non-assessable,
free and clear from all taxes and liens, claims and encumbrances imposed by the Company, other than restrictions under applicable
securities laws, and will not be subject to any preemptive rights or similar rights that have not been waived by the holders thereof.

 

     

     

    

 

(d) No Conflicts.
The execution, delivery and performance of the Agreement by the Company, and the consummation by the Company of the transactions
contemplated thereby, do not and will not (i) conflict with or violate any provision of the Company’s organizational documents,
(ii) conflict with, result in a breach of or constitute a default (or an event that with notice or lapse of time or both would
become a default) under, result in the creation of any lien upon any of the properties or assets of the Company or any of its subsidiaries
pursuant to, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse
of time or both) of, any agreement, credit facility, debt or other instrument to which the Company (or any of its subsidiaries)
is a party or by which any property or asset of the Company (or any of its subsidiaries) is bound or affected, except to the extent
such conflict, breach, default, lien or right would not reasonably be expected to result in a material adverse effect on the Company,
or (iii) result in a violation of any constitution, statute, law, rule, regulation, order, judgment, injunction, decree, ruling,
charge or other restriction of any court or governmental authority to which the Company (or any of its subsidiaries) is subject
(including without limitation federal, state and foreign securities laws and regulations) or by which any material property or
asset of the Company (or any of its subsidiaries) is bound or affected, except to the extent such violation would not reasonably
be expected to result in a material adverse effect on the Company.

 

(e) Capital Changes.
Until the Company becomes trading on a securities exchange, it shall not undertake a reverse or forward stock split or reclassification
of the Common Stock.

 

4. REPRESENTATIONS
AND WARRANTIES OF THE PURCHASER. The Purchaser hereby represents and warrants to the Company that:

 

(a) Due Authorization.
All action on the part of the Purchaser necessary for the authorization, execution, delivery of and the performance of the transactions
contemplated by this Agreement have been taken and no further consent or authorization of the Purchaser is necessary. This Agreement,
when delivered by the Purchaser in accordance with the terms hereof, will constitute the Purchaser’s legal, valid and binding
obligation, enforceable in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, reorganization
or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and (ii) the
effect of rules of law governing the availability of equitable remedies.

 

(b) Purchase for
Own Account. The Shares are being acquired for investment for the Purchaser’s own account, not as a nominee or agent,
in the ordinary course of business, and not with a view to the public resale or distribution thereof within the meaning of the
Securities Act. The Purchaser does not have any agreement or understanding, direct or indirect, with any other person to sell or
otherwise distribute the Shares. Notwithstanding the foregoing, the parties hereto acknowledge the Purchaser’s right at all
times to sell or otherwise dispose of all or any part of the Shares in compliance with applicable federal and state securities
laws and as otherwise contemplated by this Agreement.

 

(c) Investment Experience
and Knowledge of the company. Purchaser represents that it is an accredited investor within the meaning of Regulation D under
the Securities Act. Purchaser has substantial experience as an investor in offering transactions of securities of private companies
similar to the Company and acknowledges that it can bear the economic risk of its investment in the Shares and has such knowledge
and experience in financial or business matters that it is capable of evaluating the merits and risks of this investment in the
Shares and protecting its own interests in connection with this investment. Purchaser has also had the opportunity to ask questions
of and receive answers from the Company and its management regarding the Company and the terms and conditions of this investment.

 

     

     

    

 

5. MISCELLANEOUS.

 

(a) Successors and
Assigns. The terms and conditions of this Agreement will inure to the benefit of and be binding upon the respective successors
and permitted assigns of the parties. The Company shall not assign this Agreement or any rights or obligations hereunder without
the prior written consent of the Purchaser. Purchaser may assign its rights under this Agreement to any person to whom the Purchaser
assigns or transfers any of the Shares, provided that such transferee agrees in writing to be bound by the terms and provisions
of this Agreement, and such transfer is in compliance with the terms and provisions of this Agreement and permitted by federal
and state securities laws.

 

(b) Expenses.
Each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses
incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company
shall pay all transfer agent fees, stamp taxes and other taxes and duties levied in connection with the delivery of any Shares
to the Purchaser.

 

(c) Governing Law.
This Agreement will be governed by and construed and enforced under the laws of the State of Nevada, without reference to principles
of conflict of laws or choice of laws.

 

(d) Survival.
The representations and warranties of the Company contained in Section 3 of this Agreement and of the Purchaser contained
in Section 4 of this Agreement shall survive six months after the Closing.

 

(e) Counterparts;
Electronic Delivery. This Agreement may be executed in any number of counterparts, each of which shall be enforceable against
the parties actually executing such counterparts, and all of which together shall constitute one instrument, and such counterparts
may be delivered electronically via PDF or facsimile.

 

(f) Headings.
The headings and captions used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement.

 

(g) Notices.
Any notices and other communications required or permitted under this Agreement shall be in writing and shall be delivered (i)
personally by hand or by courier, (ii) mailed by United States first-class mail, postage prepaid or (iii) sent by facsimile or
other electronic transmission directed to the address or facsimile number or other address for electronic transmission set forth
below. All such notices and other communications shall be deemed given upon (i) receipt or refusal of receipt, if delivered personally,
(ii) three (3) days after being placed in the mail, if mailed, or (iii) confirmation of facsimile transfer or other electronic
transmission, if faxed or emailed.

 

If to the Company:

 

UPAY, Inc.

Uitzicht Park, Unit 6

No. 2 Bellingham Road

Centurion, South Africa 0158

Attention: Jaco Folscher

 

If to the Purchaser:

 

Rainmaker Group Consulting, LLC

5036 Dr. Phillips Blvd., Suite 322

Orlando, FL 32819

Attention: James Cohen, Jr.

 

     

     

    

 

(h) Amendments and
Waivers. This Agreement may be amended and the observance of any term of this Agreement may be waived only with the written consent
of the Company and the Purchaser. Any amendment effected in accordance with this Section 5(h) will be binding upon the Purchaser,
the Company and their respective successors and assigns.

 

(i) Severability.
If any provision of this Agreement is held to be unenforceable under applicable law, such provision will be excluded
from this Agreement and the balance of the Agreement will be interpreted as if such provision were so excluded and will be enforceable
in accordance with its terms.

 

(j) Entire Agreement.
This Agreement, together with all exhibits and schedules thereto, constitutes the entire agreement and understanding of the parties
with respect to the subject matter hereof and thereof and supersede any and all prior negotiations, correspondence, agreements,
understandings, duties or obligations between the parties with respect to the subject matter hereof and thereof.

 

(k) Waivers.
No waiver by any party to this Agreement of any default with respect to any provision, condition or requirement of this Agreement
shall be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement hereof, nor
shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right accruing
to it thereafter.

 

(l) Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Purchaser
and the Company will be entitled to specific performance under this Agreement. The parties agree that monetary damages may not
be adequate compensation for any loss incurred by reason of any breach of obligations described in the foregoing sentence and hereby
agree to waive in any action for specific performance of any such obligation the defense that a remedy at law would be adequate.

 

[Signature Page Follows]

 

     

     

    

 

SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT

 

Please acknowledge your acceptance of the foregoing Stock Purchase
Agreement with UPAY, Inc. by signing and returning a copy to the Company whereupon it shall become a binding agreement.

 

NUMBER OF SHARES 1,875,000   x   $0.0013 =     $2,500    
(the “Purchase Price”)

 

	/s/ James E. Cohen	 
	Signature	 
	 	 
	James E. Cohen Jr. – Managing Member 	 
	Name Typed or Printed/Title	 
	 	 
	5036 Dr. Phillips Blvd., Suite 322 	 
	Address	 
	 	 
	Orlando, FL, 32819 	 
	City, State and Zip Code	 
	 	 
	407 477 4505	 
	Telephone - Business	 
	 	 
	863 241 5258	 
	Telephone – Residence	 
	 	 
	407 477 4501	 
	Facsimile  – Business	 
	 	 
	46-4829369	 
	Tax ID # or Social Security #	 
	 	 
	Name in which securities should be issued:	Rainmaker Group Consulting, LLC

 

Dated: 10/26,
2015

 

This Stock Purchase Agreement is agreed
to and accepted as of the date first written above.

 

	 	UPAY, INC.
	 	
	 	By:	/s/ Jaco Folscher
	 	 	Name: Jaco Folscher
	 	 	Title: President

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