Document:

Exhibit
2.1

 

SHARE
EXCHANGE AGREEMENT

 

THIS SHARE EXCHANGE AGREEMENT
(this “Agreement”) is entered into as of January 9, 2021, by and among Yoshiharu
Global Co., a Delaware corporation (the “Company”), YOSHIHARU HOLDINGS CO., a California corporation
(“HoldCo”) and James Chae, an individual (the “Stockholder”).

 

RECITALS:

 

WHEREAS,
the Stockholder owns one hundred percent (100%) of the issued and outstanding shares of capital stock of HoldCo as set forth on Schedule
A attached hereto (the “Entity Capital Stock”);

 

WHEREAS,
the Company was incorporated in Delaware on December 9, 2021 and as of the date hereof, has no operations;

 

WHEREAS, the Company
desires to acquire the Entity Capital Stock in exchange for the issuance by the Company to the Stockholder of an aggregate of 9,450,900
newly-issued shares of the Company’s Class A common stock, par value $0.0001 per share (the “Company Common Stock”)
as set forth on Schedule A attached hereto (the “Exchange”); and

 

WHEREAS,
the parties hereto intend for this transaction to constitute a tax-free reorganization pursuant to the provisions of Section 368(a)(l)(B)
and/or Section 351 of the Internal Revenue Code of 1986, as amended.

 

AGREEMENT:

 

NOW
THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and the
mutual benefits to the parties to be derived here from, and intending to be legally bound hereby, it is hereby agreed as follows:

 

Article
1

REPRESENTATIONS,
COVENANTS, AND WARRANTIES OF THE STOCKHOLDER

 

As
an inducement to, and to obtain the reliance of the Company, the Stockholder hereby respectively represents and warrants as of the Closing
Date hereof (as defined below) as follows:

 

Section
1.01 Enforceability. This Agreement has been duly executed and delivered by the Stockholder and, assuming due authorization, execution
and delivery by the Company, constitutes a legal, valid and binding obligation of the Stockholder, enforceable against the Stockholder
in accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement
of creditors’ rights generally and subject to the qualification that the availability of equitable remedies is subject to the discretion
of the court before which any proceeding therefore may be brought.

 

    	1

     

    

 

Section
1.02 Organization. HoldCo is duly organized, validly existing, and in good standing under the laws of California and has the corporate
power and is duly authorized under all applicable laws, regulations, ordinances and orders of public authorities to carry on its business
in all material respects as it is now being conducted. The execution and delivery of this Agreement does not, and the consummation of
the transactions contemplated hereby will not, violate any provision of HoldCo’s charter. HoldCo has taken all actions required
by law, from its respective charters, or otherwise to authorize the execution and delivery of this Agreement.

 

Section
1.03 Capitalization. The authorized capitalization of HoldCo consists of __________, _____ par value per share, [respectively].
All of such shares of Entity Capital Stock are issued and outstanding in favor of Stockholder in the proportions set forth on Schedule
A attached hereto. The issued and outstanding shares are legally issued, fully paid and non-assessable and not issued in violation
of the preemptive or other rights of any person.

 

Section
1.04 Options or Warrants. There are no existing options, warrants, calls, or commitments of any character relating to the authorized
and unissued shares of the capital stock of HoldCo.

 

Section
1.05 No Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated
by this Agreement will not result in the breach of any term or provision of, constitute a default under, or terminate, accelerate or
modify the terms of any indenture, mortgage, deed of trust, or other material agreement, or instrument to which HoldCo is a party or
to which any of its assets, properties or operations are subject.

 

Section
1.06 Compliance With Laws and Regulations. To the best of the Stockholder’s knowledge, HoldCo has complied with all applicable
foreign and domestic statutes and regulations of any federal, state, provincial or other governmental entity or agency thereof, except
to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets, or condition
of HoldCo or except to the extent that noncompliance would not result in the occurrence of any material liability for HoldCo.

 

Article
2

REPRESENTATIONS,
COVENANTS, AND WARRANTIES OF the Company

 

As
an inducement to, and to obtain the reliance of the Stockholder, the Company represents and warrants, as of the Closing Date, as follows:

 

Section
2.01 Enforceability. This Agreement has been duly executed and delivered by the Company and, assuming due authorization, execution
and delivery by the Stockholder, constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement
of creditors’ rights generally and subject to the qualification that the availability of equitable remedies is subject to the discretion
of the court before which any proceeding therefore may be brought.

 

    	2

     

    

 

Section
2.02 Organization. The Company is duly organized, validly existing, and in good standing under the laws of Delaware and has the
corporate power and is duly authorized under all applicable laws, regulations, ordinances and orders of public authorities to carry on
its business in all material respects as it is now being conducted. The execution and delivery of this Agreement does not, and the consummation
of the transactions contemplated hereby will not, violate any provision of the Company’s charter. The Company has taken all actions
required by law, from its charter, or otherwise to authorize the execution and delivery of this Agreement. The Company has full power,
authority, and legal right and has taken all action required by law, its charter, and otherwise to consummate the transactions herein
contemplated.

 

Section
2.03 Capitalization. The Company’s authorized capitalization consists of ten million (10,000,000) shares of Class A common
stock, zero shares of which are issued or outstanding. There are no existing options, warrants, calls, or commitments of any character
relating to the authorized and unissued shares of the Company’s capital stock.

 

Section
2.04 No Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated
by this Agreement will not result in the breach of any term or provision of, constitute a default under, or terminate, accelerate or
modify the terms of any indenture, mortgage, deed of trust, or other material agreement, or instrument to which the Company is a party
or to which any of its assets, properties or operations are subject.

 

Section
2.05 Approval of Agreement. The board of directors of the Company has unanimously authorized the execution and delivery of this
Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

 

Article
3

PLAN
OF EXCHANGE

 

Section 3.01 The Exchange.
On the terms and subject to the conditions set forth in this Agreement, on the Closing Date (as defined below), the Stockholder,
by executing this Agreement, shall assign, transfer and deliver, free and clear of all liens, pledges, encumbrances, charges, restrictions
or known claims of any kind, nature, or description, the Entity Capital Stock, constituting all of the shares of capital stock, including,
without limitation, voting power of HoldCo. In exchange for the transfer of the Entity Capital Stock by the Stockholder to the Company,
the Company shall issue and deliver share certificates representing an aggregate of 9,450,900 shares of the Company Common Stock
to the Stockholder in the proportions set forth on Schedule A attached hereto. As a result of the Exchange as contemplated herein,
the Stockholder will beneficially own ____ percent (%) of the voting capital stock of the Company on the Closing Date. On the Closing
Date, the Stockholder shall surrender its respective certificates representing the Entity Capital Stock to the Company, the Company’s
counselor to the Company’s registrar or transfer agent. Upon consummation of the transaction contemplated herein, all of the shares
of Entity Capital Stock shall be held by the Company. Upon consummation of the transaction contemplated herein there shall be 9,450,900
shares of the Company Common Stock issued and outstanding.

 

    	3

     

    

 

Section
3.02 Closing Events. On the first business day following the satisfaction by all parties of the conditions precedent set forth
in Article V and Article VI herein (the “Closing Date”), the Company and the Stockholder, at the Company’s
principal office, shall execute, acknowledge, and deliver (or shall ensure to be executed, acknowledged, and delivered), any and all
certificates, opm1ons, financial statements, schedules, agreements, resolutions, rulings or other instruments required by this Agreement,
together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate
or evidence the transactions contemplated hereby.

 

Section
3.03 Termination. This Agreement may be terminated by the board of directors of the Company or by any Stockholder only in the
event that the Company or any Stockholder fails to meet the conditions precedent set forth in Articles V and VI herein. If this Agreement
is terminated pursuant this Section, this Agreement shall be of no further force or effect, and no obligation, right or liability shall
arise hereunder, except as set forth herein below.

 

Article
4

SPECIAL
COVENANTS

 

Section
4.01 Access to Properties and Records. The Company and the Stockholder will each afford to the officers and authorized representatives
of the other party, as applicable, full access to the properties, books and records of the Company and HoldCo, as the case may be, in
order that each may have a full opportunity to make such reasonable investigation as it shall desire to make of the affairs of the other,
and each will furnish the other with such additional financial and operating data and other information as to the business and properties
of the Company and HoldCo, as the case may be, as the other shall from time to time reasonably request.

 

Section
4.02 Delivery of Books and Records. On or prior to the Closing Date, the Stockholder shall deliver to the Company the originals
of the corporate minute books, books of account, contracts, records, and all other books or documents of HoldCo. The Company shall deliver
to Stockholder the originals of the corporate minute books, books of account, contracts, records, and all other books or documents of
now in the possession of the Company or its representatives.

 

Section
4.03 Third Party Consents and Certificates. The Company and the Stockholder hereby agree to cooperate with each other in order
to obtain any required third party consents to this Agreement and the transactions herein contemplated.

 

    	4

     

    

 

Section
4.04 The Acquisition of the Company Common Stock. The Company and the Stockholder acknowledge and agree that the consummation
of this Agreement including the issuance of the Company Common Stock in exchange for the Entity Capital Stock as contemplated hereby
constitutes the offer and sale of securities under the Securities Act of 1933, as amended and applicable state statutes. The Company
and the Stockholder agree that such transactions shall be consummated in reliance on exemptions from the registration and prospectus
delivery requirements of such statutes, which depend, among other items, on the circumstances under which such securities are acquired.

 

(a)
In connection with the transactions contemplated by this Agreement, the Company and the Stockholder shall file, with the assistance of
the others and their respective legal counsel, such notices, applications, reports, or other instruments as may be deemed by them to
be necessary or appropriate in an effort to document reliance on such exemptions, and the appropriate regulatory authority in the States
where the Stockholder is domiciled or are otherwise required to file such notices, applications, reports or other instruments unless
an exemption requiring no filing is available in such jurisdictions, all to the extent and in the manner as may be deemed by such parties
to be appropriate.

 

(b)
In order to more fully document reliance on the exemptions as provided herein, the Stockholder and the Company shall execute and deliver
to the others, at or prior to the Closing Date, such further letters of representation, acknowledgment, suitability, or the like as their
respective counsel may reasonably request in connection with reliance on exemptions from registration under such securities laws.

 

(c)
The Stockholder acknowledges that the basis for relying on exemptions from registration or qualifications are factual, depending on the
conduct of the various parties.

 

Article
5

CONDITIONS
PRECEDENT TO OBLIGATIONS OF the Company

 

The
obligations of the Company under this Agreement are subject to the satisfaction, on or before the Closing Date, of the following conditions:

 

Section
5.01 Accuracy of Representations and Performance of Covenants. The representations and warranties made by the Stockholder in this
Agreement shall be true at the Closing Date. The Stockholder shall have performed or complied with all covenants and conditions required
by this Agreement to be performed or complied with by the Stockholder prior to or on the Closing Date.

 

Section
5.02 Good Standing. The Company shall have received certificates of good standing (or the equivalent from the appropriate authority
in the California), dated within five (5) business days prior to the Closing Date certifying that HoldCo is in good standing as corporations
in the State of California.

 

Section
5.03 Approval by Stockholder. The Exchange shall have been approved, and shares delivered in accordance with Section 3.0I, by
the holders of not less than one hundred percent (100%) of the outstanding Entity Capital Stock, including, without limitation voting
power, of HoldCo.

 

    	5

     

    

 

Section
5.04 No Governmental Prohibition. No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or
restraining order shall have been enacted, entered, promulgated or enforced by any court or governmental or regulatory authority or instrumentality
which prohibits the consummation of the transactions contemplated hereby.

 

Section
5.05 Consents. All consents, approvals, waivers or amendments pursuant to all contracts, licenses, permits, trademarks and other
intangibles in connection with the transactions contemplated herein, or for the continued operation of HoldCo after the Closing Date
on the basis as presently operated shall have been obtained.

 

Section
5.06 Other Items. The Company shall have received such further opinions, documents, certificates or instruments relating to the
transactions contemplated hereby as the Company may reasonably request.

 

Article
6

CONDITIONS
PRECEDENT TO OBLIGATIONS OF HOLDCO AND THE STOCKHOLDER

 

The
obligations of HoldCo and the Stockholder under this Agreement are subject to the satisfaction, on or before the Closing Date, of the
following conditions:

 

Section
6.01 Accuracy of Representations and Performance of Covenants. The representations and warranties made by the Company shall be
true at the Closing Date. The Company shall have performed or complied with all covenants and conditions required by this Agreement to
be performed or complied with by the Company prior to or on the Closing Date.

 

Section
6.02 Good Standing. The Stockholder shall have received certificates of good standing (or the equivalent from the appropriate
authority in the Delaware), dated within five (5) business days prior to the Closing Date certifying that the Company is in good standing
as a corporation in the State of Delaware.

 

Section
6.03 No Governmental Prohibition. No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or
restraining order shall have been enacted, entered, promulgated or enforced by any court or governmental or regulatory authority or instrumentality
which prohibits the consummation of the transactions contemplated hereby.

 

Section
6.04 Consents. All consents, approvals, waivers or amendments pursuant to all contracts, licenses, permits, trademarks and other
intangibles in connection with the transactions contemplated herein, or for the continued operation of the Company after the Closing
Date on the basis as presently operated shall have been obtained.

 

Section
6.05 Other Items. The Stockholder shall have received such further opinions, documents, certificates or instruments relating to
the transactions contemplated hereby as the Stockholder may reasonably request.

 

    	6

     

    

 

Article
7

MISCELLANEOUS

 

Section
7.01 Brokers. The Company and the Stockholder agree that there were no finders or brokers involved in bringing the parties together
or who were instrumental in the negotiation, execution or consummation of this Agreement. The Company and the Stockholder agree to indemnify
the other against any claim by any third person other than the described above for any commission, brokerage, or finder’s fee arising
from the transactions contemplated hereby based on any alleged agreement or understanding between the indemnifying party and such third
person, whether express or implied from the actions of the indemnifying party.

 

Section
7.02 Governing Law. This Agreement shall be governed by, enforced, and construed under and in accordance with the laws of the
State of California.

 

Section
7.03 Notices. Any notice or other communications required or permitted hereunder shall be in writing and shall be sufficiently
given if personally delivered to it or sent by facsimile, overnight counter or registered mail or certified mail, postage prepaid, addressed
as follows:

 

	 	If
    to the Company, to:	 	Yoshiharu
    Global Co.
	 	 	 	6940
    Beach Blvd. Suite D-705,
	 	 	 	Buena
    Park, CA 90621
	 	 	 	Telephone:
    (213) 272-1780
	 	 	 	Facsimile:
	 	 	 	 
	 	lf
    to Stockholder, to:	 	James
    Chae
	 	 	 	Telephone:
	 	 	 	Facsimile:

 

or
such other addresses as shall be furnished in writing by any party in the manner for giving notices hereunder, and any such notice or
communication shall be deemed to have been given (i) upon receipt, if personally delivered, (ii) on the day after dispatch, if sent by
overnight courier and (iii) upon dispatch, if transmitted by facsimile or telecopy and receipt is confirmed by telephone.

 

Section
7.04 Recitals. The recitals to this Agreement are true and correct and are incorporated herein, in their entirety, by this reference.

 

Section
7.05 Third Party Beneficiaries. This Agreement is strictly between the Company and the Stockholder and, except as specifically
provided herein, no director, officer, stockholder (other than the Stockholder), employee, agent, independent contractor or any other
person or entity shall be deemed to be a third party beneficiary of this Agreement.

 

Section
7.06 Survival; Termination. The representations, warranties, and covenants of the respective parties shall survive the Closing
Date and the consummation of the transactions herein contemplated for a period of one (1) year.

 

    	7

     

    

 

Section
7.07 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all
of which taken together shall be but a single instrument.

 

Section
7.08 Amendment or Waiver. Every right and remedy provided herein shall be cumulative with every other right and remedy, whether
conferred herein, at law, or in equity, and may be enforced concurrently herewith, and no waiver by any party of the performance of any
obligation by the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or
existing. At any time prior to the Closing Date, this Agreement may by amended by a writing signed by all parties hereto, with respect
to any of the terms contained herein, and any term or condition of this Agreement may be waived or the time for performance may be extended
by a writing signed by the party or parties for whose benefit the provision is intended.

 

Section
7.09 Best Efforts. Subject to the terms and conditions herein provided, each party shall use its best efforts to perform or fulfill
all conditions and obligations to be performed or fulfilled by it under this Agreement so that the transactions contemplated hereby shall
be consummated as soon as practicable. Each party also agrees that it shall use its best efforts to take, or cause to be taken, all actions
and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make
effective this Agreement and the transactions contemplated herein.

 

Section
7.10 Entire Agreement. This Agreement represents the entire agreement between the parties relating to the subject matter thereof
and supersedes all prior agreements, understandings and negotiations, written or oral, with respect to such subject matter.

 

Section
7.11 Severability. Each provision of this Agreement is severable and distinct from the others. The Parties intend that each of
those provisions shall be and remain valid and enforceable to the fullest extent permitted by law. If one or more of the provisions of
this Agreement shall be invalid, illegal or unenforceable in any respect under any applicable law or decision, the validity, legality
or enforceability of the remaining provisions contained herein shall continue to be effective and shall not be affected or impaired in
any way, subject to the operation of this clause not negating the commercial intent and purpose of the Parties under this Agreement.

 

[Remainder
of page intentionally left blank. Signatures to follow]

 

    	8

     

    

 

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

 

	 	Yoshiharu
    Global Co.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Yoshiharu
Holdings Co.
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	 
	 	Name:	James
    Chae

 

    	9

     

    

 

SCHEDULE
A

 

	Stockholder	 	Ownership
    of shares of HoldCo Common Stock prior to the consummation of this Agreement	 	Ownership
    of shares of the Company Common Stock following the consummation of this Agreement
	 	 	 	 	 
	James Chae	 	10,000,000 shares (100%)	 	9,450,900 shares (__%)

 

    	10Exhibit
4.1

 

	NUMBER	 	UNITS
	 	 	 
	U-___________	 	 
	 	 	 
	SEE
    REVERSE FOR

    CERTAIN DEFINITIONS	YOSHIHARU
    GLOBAL CO.	

 

CUSIP
98740Y 203

 

UNITS
CONSISTING OF ONE SHARE OF COMMON STOCK AND

ONE
WARRANT

 

THIS
CERTIFIES THAT ______________________________________________________________

is
the owner of _____________________________________________________________________ Units.

 

Each
Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common Stock”),
of Yoshiharu Global Co., a Delaware corporation (the “Company”) and one warrant (“Warrant(s)”).
Each Warrant entitles the holder to purchase one share of Common Stock for $___ per share (subject to adjustments as set forth in the
Warrant Agreement referenced below). Each Warrant will become exercisable on the later of (a) six months after the Company’s completion
of an initial merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses or
entities (a “Business Combination”) and (b) one year from the date of the final prospectus relating to the Company’s
initial public offering (the “Final Prospectus”), and will expire unless exercised before 5:00 p.m., New York City Time,
on the fifth anniversary of the completion of an initial Business Combination, or earlier upon redemption or liquidation. The Common
Stockand Warrants comprising the Unit(s) represented by this certificate are not transferable separately until 52 days following the
date of the Final Prospectus, unless EF Hutton, division of Benchmark Investments, LLC, informs the Company of their decision to allow
earlier separate trading, except that in no event will the Common Stock and Warrants be separately tradeable until the Company has filed
an audited balance sheet reflecting the Company’s receipt of the gross proceeds of its initial public offering and issued a press
release announcing when such separate trading will begin. The terms of the Warrants are governed by a Warrant Agreement, dated as of
, 2022 between the Company and VStock Transfer, LLC, as Warrant Agent, and are subject to the terms and provisions contained therein,
all of which terms and provisions the holder of this certificate consents to by acceptance hereof. A copy of the Warrant Agreement is
on file at the office of the Warrant Agent at 18 Lafayette Place, Woodmere, New York 11598, and are available to any Warrant holder on
written request and without cost.

 

This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company. Witness the facsimile seal of the Company
and the facsimile signatures of its duly authorized officers.

 

	By	 	 	 
	 	Chairman	 	Secretary

 

 

YOSHIHARU
GLOBAL CO.

 

The
Company will furnish without charge to each shareholder who so requests, a statement of the powers, designations, preferences, and relative,
participating, optional, or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	 	TEN
    COM –	as
    tenants in common	UNIF
    GIFT MIN ACT - _____ Custodian ______
	 	TEN
    ENT –	as
    tenants by the entireties	(Cust)
    (Minor)
	 	JT
    TEN –	as
    joint tenants with right of survivorship	under
    Uniform Gifts to Minors
	 	 	and
    not as tenants in common	Act
    ______________
	 	 	 	(State)

 

Additional
abbreviations may also be used though not in the above list.

 

For
value received, ___________________________ hereby sell(s), assign(s), and transfer(s) unto

 

    	 

     

    

 

	PLEASE
    INSERT SOCIAL SECURITY OR

                                                         OTHER

    IDENTIFYING
    NUMBER OF ASSIGNEE
	 
	 	 
	 	 

 

	 
	(PLEASE
    PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	 
	 
	 
	 	Units

 

represented
by the within Certificate, and do hereby irrevocably constitute and appoint

	 	Attorney

to
transfer the said Units on the books of the within named Company with full power of substitution in the premises.

 

Dated
____________________

 

	 	 	 
	 	Notice:	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without
    alteration or enlargement or any change whatever.

Signature(s)
Guaranteed:

	 	 
	THE
    SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
	(BANKS,
    STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
	MEMBERSHIP
    IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
	PURSUANT
    TO S.E.C. RULE 17Ad-15).	 

 

The
holder(s) of this certificate shall be entitled to receive a pro-rata portion of the funds from the trust account with respect to the
common stock underlying this certificate only in the event that (i) the Corporation is forced to liquidate because it does not consummate
an initial business combination within the period of time set forth in the Corporation’s Certificate of Incorporation, as the same
may be amended from time to time (the “Charter”) or (ii) if the holder seeks to convert his shares upon consummation
of, or sell his shares in a tender offer in connection with, an initial business combination or in connection with certain amendments
to the Charter. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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