Document:

Exhibit
10.7

 

STOCK PURCHASE AGREEMENT

 

THIS STOCK PURCHASE
AGREEMENT (“Agreement”), dated as of April 3, 2006, is by and between Scott W.
Bodenweber, an individual (“PURCHASER”), and
Salty’s Warehouse, Inc., a Florida corporation (“SELLER”) (collectively, the “PARTIES”).

 

W I T N E S S E T H

 

WHEREAS, SELLER has offered
for sale to PURCHASER shares of common stock of SELLER (the “Shares”) at a
purchase price of $0.01 per Share.

 

WHEREAS, SELLER desires to
sell to PURCHASER and PURCHASER desires to purchase from SELLER, 750,000 Shares
upon the terms and conditions set forth herein.

 

NOW THEREFORE, in
consideration of the promises and respective mutual agreements herein
contained, it is agreed by and between the PARTIES hereto as follows:

 

ARTICLE 1

SALE AND PURCHASE OF THE SHARES

 

1.1           Sale
of the Shares. Upon execution of this Agreement (the “Closing”), subject to
the terms and conditions herein set forth, and on the basis of the
representations, warranties and agreements herein contained, SELLER shall sell
to PURCHASER, and PURCHASER shall purchase from SELLER, the Shares.

 

1.2           Instruments of Conveyance and Transfer.  As soon as practicable after the Closing,
SELLER shall deliver a certificate or certificates representing the Shares of
SELLER to PURCHASER sufficient to transfer all right, title and interest in the
Shares to PURCHASER.

 

1.3           Consideration and Payment for the Shares.  In consideration for the Shares, PURCHASER
has paid a purchase price of a total of US$7,500.00 ($0.01 per Share) (“Purchase
Price”).

 

ARTICLE 2

REPRESENTATIONS AND COVENANTS OF SELLER AND PURCHASER

 

2.1           SELLER hereby represents and warrants that:

 

(a)           The Shares issued hereunder (the “Shares”) have been duly
authorized by the appropriate corporate action of SELLER.

 

1

 

(b)           SELLER shall transfer title, in and to the Shares to
PURCHASER free and clear of all liens, security interests, pledges,
encumbrances, charges, restrictions, demands and claims, of any kind and nature
whatsoever, whether direct or indirect or contingent.

 

                (c)           As
soon as practicable after the Closing Date, SELLER shall deliver to PURCHASER a
certificate or certificates representing the Shares subject to no liens,
security interests, pledges, encumbrances, charges, restrictions, demands or
claims in any other party whatsoever, except as set forth in the legend on the
certificate, which legend shall provide substantially as follows:

 

THE SHARES (OR OTHER
SECURITIES) REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933.  THE SHARES MAY
NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF
COUNSEL THAT AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT IS AVAILABLE.

 

(d)           PURCHASER acknowledges that the Shares will initially be “restricted
securities” (as such term is defined in Rule 144 promulgated under the
Securities Act of 1933, as amended (“Rule 144”), that the Shares will include
the foregoing restrictive legend, and, except as otherwise set forth in this
Agreement, that the Shares cannot be sold unless registered with the United
States Securities and Exchange Commission (“SEC”) and qualified by appropriate
state securities regulators, or unless PURCHASER obtains written consent from
SELLER and otherwise complies with an exemption from such registration and
qualification (including, without limitation, compliance with Rule 144)).

 

                (e)           PURCHASER acknowledges and agrees
that SELLER makes no other representations or warranties with respect to the
Shares or the SELLER.

 

2.2           PURCHASER represents and warrants to SELLER as follows:

 

(a)           PURCHASER has
adequate means of providing for current needs and contingencies, has no need
for liquidity in the investment, and is able to bear the economic risk of an
investment in the Shares offered by SELLER of the size contemplated.  PURCHASER represents that PURCHASER is able
to bear the economic risk of the investment and at the present time could
afford a complete loss of such investment. 
PURCHASER has had a full opportunity to inspect the books and records of
the SELLER and to make any and all inquiries of SELLER officers and directors
regarding the SELLER and its business as PURCHASER has deemed appropriate.

 

(b)           PURCHASER is an “Accredited Investor” as defined in
Regulation D of the Securities Act of 1933 (the “Act”) or PURCHASER, either
alone or with PURCHASER’s professional advisers who are unaffiliated with, have
no equity interest in and are not compensated by SELLER or any affiliate or
selling agent of SELLER, directly or indirectly, has sufficient knowledge and
experience in financial and business matters that PURCHASER is capable of
evaluating the merits and risks of an investment in the Shares offered by
SELLER and 

 

2

 

of making an informed investment decision
with respect thereto and has the capacity to protect PURCHASER’s own interests
in connection with PURCHASER’s proposed investment in the Shares.

 

(c)           PURCHASER is acquiring the Shares solely for PURCHASER’S
own account as principal, for investment purposes only and not with a view to
the resale or dis­tribution thereof, in whole or in part, and no other person
or entity has a direct or indirect beneficial interest in such Shares.

 

(d)           PURCHASER will not sell or otherwise transfer the Shares
without registration under the Act or an exemption therefrom and fully
understands and agrees that PURCHASER must bear the economic risk of PURCHASER’S
purchase for an indefinite period of time because, among other reasons, the
Shares have not been registered under the Act or under the securi­ties laws of
any state and, therefore, cannot be resold, pledged, assigned or other­wise
disposed of unless they are subsequently registered under the Act and under the
applicable securities laws of such states or unless an exemption from such
registration is available.

 

ARTICLE 3

MISCELLANEOUS

 

3.1           Entire Agreement.  This Agreement sets forth the entire
agreement and understanding of the parties hereto with respect to the
transactions contemplated hereby, and supersedes all prior agreements,
arrangements and understandings related to the subject matter hereof.  No understanding, promise, inducement,
statement of intention, representation, warranty, covenant or condition,
written or oral, express or implied, whether by statute or otherwise, has been
made by any party hereto which is not embodied in this Agreement or the written
statements, certificates, or other documents delivered pursuant hereto or in
connection with the transactions contemplated hereby, and no party hereto shall
be bound by or liable for any alleged understanding, promise, inducement,
statement, representation, warranty, covenant or condition not so set forth.

 

3.2           Notices.  Any
notice, request, instruction, or other document required by the terms of this
Agreement, or deemed by any of the parties hereto to be desirable, to be given
to any other party hereto shall be in writing and shall be given by facsimile,
personal delivery, overnight delivery, or mailed by registered or certified mail,
postage prepaid, with return receipt requested. 
If notice is given by facsimile, personal delivery, or overnight
delivery in accordance with the provisions of this Section, said notice shall
be conclusively deemed given at the time of such delivery.  If notice is given by mail in accordance with
the provisions of this Section, such notice shall be conclusively deemed given
seven days after deposit thereof in the United States mail.

 

3.3           Waiver and Amendment.  Any term, provision, covenant, representation,
warranty or condition of this Agreement may be waived, but only by a written
instrument signed by the party entitled to the benefits thereof.  The failure or delay of any party at any time
or times to require performance of any provision hereof or to exercise its
rights with respect to any provision hereof shall in no manner operate as a
waiver of or affect such party’s right at a later time to 

 

3

 

enforce the same.  No waiver by any party of any condition, or
of the breach of any term, provision, covenant, representation or warranty
contained in this Agreement, in any one or more instances, shall be deemed to
be or construed as a further or continuing waiver of any such condition or
breach or waiver of any other condition or of the breach of any other term,
provision, covenant, representation or warranty.  No modification or amendment of this
Agreement shall be valid and binding unless it be in writing and signed by all
parties hereto.

 

3.4           Choice of Law.  This Agreement and the rights of the parties
hereunder shall be governed by and construed in accordance with the laws of the
State of California including all matters of construction, validity,
performance, and enforcement and without giving effect to the principles of
conflict of laws.

 

3.5           Jurisdiction. 
The parties submit to the jurisdiction of the Courts of the County of
Orange, State of California or a Federal Court empanelled in the State of
California for the resolution of all legal disputes arising under the terms of
this Agreement, including, but not limited to, enforcement of any arbitration
award.

 

3.6           Counterparts. 
This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which shall together constitute
one and the same instrument.

 

3.7           Attorneys’ Fees.  Except as otherwise provided herein, if a
dispute should arise between the parties including, but not limited to
arbitration, the prevailing party shall be reimbursed by the non-prevailing party
for all reasonable expenses incurred in resolving such dispute, including
reasonable attorneys’ fees exclusive of such amount of attorneys’ fees as shall
be a premium for result or for risk of loss under a contingency fee
arrangement.

 

3.8           Taxes.  Any
income taxes required to be paid in connection with the payments due hereunder,
shall be borne by the party required to make such payment.  Any withholding taxes in the nature of a tax
on income shall be deducted from payments due, and the party required to
withhold such tax shall furnish to the party receiving such payment all
documentation necessary to prove the proper amount to withhold of such taxes
and to prove payment to the tax authority of such required withholding.

 

SIGNATURES ON NEXT PAGE

 

4

 

IN WITNESS WHEREOF, the
parties hereto have executed this Agreement, as of the date first written
hereinabove.

 

SELLER

 

SALTY’S WAREHOUSE, INC.,

a Florida corporation

 

 

 

	
  /s/ Earl T. Shannon

  
	
  By: Earl T. Shannon

  
	
  Its: President

  

 

 

PURCHASER

 

 

 

	
  /s/ Scott W. Bodenweber

  
	
  By:
  Scott W. Bodenweber

  

 

 

 

5Exhibit
4.1

teckcominco

	
  BCB000000

  NUMBER

  	
   

  	
  CLASS B SUBORDINATE

  VOTING SHARES

  	
   

  	
  INCORPORATED
  UNDER THE CANADA

  BUSINESS CORPORATIONS ACT

  	
   

  	
   

  CUSIP 878742 20 4

  	
   

  	
  

  SHARES

  

 

THIS CERTIFIES THAT

is the registered holder
of

CLASS B
SUBORDINATE VOTING SHARES WITHOUT NOMINAL OR PAR VALUE OF

TECK
COMINCO LIMITED

transferable only on the
securities register of the Corporation by the holder hereof in person or by his
duly authorized attorney upon the surrender of this certificate properly
endorsed. This certificate shall not be valid until countersigned by a Transfer
Agent and Registrar of the Corporation.

In Witness Whereof
the Corporation has caused this certificate to be signed by its duly authorized
officers.

this             

THE CLASS B SUBORDINATE
VOTING SHARES HAVE RIGHTS, PRIVILEGES, RESTRICTIONS OR CONDITIONS ATTACHED
THERETO. THE RIGHTS, PRIVILEGES, RESTRICTIONS AND CONDITIONS ATTACHED TO THE CLASS A
COMMON SHARES, THE CLASS B SUBORDINATE VOTING SHARES AND THE PREFERENCE
SHARES AND EACH SERIES THEREOF INSOFAR AS THE SAME HAVE BEEN FIXED BY THE
DIRECTORS, AND THE AUTHORITY OF THE DIRECTORS TO FIX THE RIGHTS, PRIVILEGES,
RESTRICTIONS AND CONDITIONS OF SUBSEQUENT SERIES OF PREFERENCE SHARES ARE
OBTAINABLE FROM THE CORPORATION ON DEMAND WITHOUT CHARGE.

SEE
REVERSE FOR CERTAIN DEFINITIONS

	
  

  /s/ [ILLEGIBLE]

  	
   

  	
  COUNTERSIGNED AND REGISTERED

  CIBC MELLON TRUST COMPANY

  TRANSFER AGENT AND REGISTRAR

  	
  

  Vancouver

  Calgary

  Toronto

  Montreal

  
	
  CHAIRMAN

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ [ILLEGIBLE]

  	
   

  	
  By

  	
   

  
	
  CORPORATE SECRETARY

  	
   

  	
  Authorized Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  COUNTERSIGNED AND REGISTERED

  MELLON INVESTOR SERVICES, L.L.C.

  TRANSFER AGENT AND REGISTRAR

  	
  

  New York

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  THIS CERTIFICATE IS TRANSFERABLE IN

  	
   

  	
   

  	
   

  
	
  VANCOUVER, CALGARY, TORONTO AND

  	
   

  	
  By

  	
   

  
	
  MONTREAL, CANADA AND IN HACKENSACK,

  	
   

  	
  Authorized Signature

  
	
  NEW JERSEY, U.S.A.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]