Document:

Exhibit 10.2 

 

REPURCHASE AGREEMENT

 

This Agreement (the “Agreement”)
is made as of the 22nd day of April 2016 by and between Mikhail Bukschpan, an individual (the “Seller”), and
Toucan Interactive Corp., a Nevada corporation (the “Company”).

  

W I T N E S S E T H:

 

WHEREAS, the Seller
owns an aggregate of 4,000,000 shares (the “Shares”) of the Company’s common stock, par value $.001 per
share (“Common Stock”) which represents a majority of the outstanding shares of the Company’s Common Stock;
and

 

WHEREAS, the Seller
desires to sell to the Company, and the Company desires to repurchase the Shares from the Seller, on and subject to the terms of
this Agreement;

 

WHEREFORE, the parties
hereto hereby agree as follows:

 

ARTICLE I

SALE AND PURCHASE OF THE
SHARES

 

1.1.   Sale
of the Shares. Subject to the terms and conditions of this Agreement, and in reliance upon the representations, warranties,
covenants and agreements contained in this Agreement, the Seller shall sell the Shares to the Company, and the Company shall re-purchase
the Shares from the Seller, for a purchase price equal to an aggregate sum of $240,605.36 (the “Repurchase Price”).
The Seller acknowledges and agrees that by receiving the Repurchase Price, any and all costs and expenses incurred by the Company
to satisfy the closing conditions in the Securities Purchase Agreement (as defined below) and to complete the transactions contemplated
by this Agreement, the Securities Purchase Agreement and the Letter Agreement by and among the Company, the Seller and the BDK
Arcadia, LLC dated as of March 23, 2016 and advanced by the Seller (except for the Advance as such term is defined in the Securities
Purchase Agreement) shall be deemed to have been paid in full pursuant to that certain Debt Settlement Agreement dated as of the
date hereof between the Company and the Seller.

 

1.2.   Closing.
The closing of the purchase and sale of the Shares (the “Closing”) shall take place immediately after and on
the same day as the closing of the transactions contemplated under that Securities Purchase Agreement among the Seller, the Company
and BDK Capital Group, LLC dated as of the same date of this Agreement (the “Securities Purchase Agreement”).

 

1.3.   Deliveries.
At or prior to the Closing:

 

(a)The Seller shall deliver
to the Company a certificate representing the Shares, duly endorsed in form for transfer to the Company.

 

(b)The Company shall deliver, or cause to
be delivered, the Repurchase Price to the Seller or to such other persons as may be designated by the Seller pursuant to the wire
instructions attached hereto as Exhibit A.

 

(c)At and at any time
after the Closing, the parties shall duly execute, acknowledge and deliver all such further assignments, conveyances, instruments
and documents, and shall take such other action consistent with the terms of this Agreement to carry out the transactions contemplated
by this Agreement.  

 

     

     

    

 

ARTICLE II

REPRESENTATIONS, WARRANTIES
AND COVENANTS

 

The Seller hereby makes
the following representations and warranties to and covenants to the Company, which shall be true and correct through the date
of the Closing as if made on that date:

 

2.1.   The Seller
has the requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby and otherwise
to carry out its obligations hereunder. No consent, approval or agreement of any individual or entity is required to be obtained
by the Seller in connection with the execution and performance by the Seller of this Agreement or the execution and performance
by the Seller of any agreements, instruments or other obligations entered into in connection with this Agreement.

 

2.2.   The Seller
owns the Shares free and clear of any and all liens, claims, encumbrances, preemptive rights, rights of first refusal and adverse
interests of any kind. The Seller is not a party to any agreement or understanding pursuant to which the Shares are to be transferred
except this Agreement.

 

2.3.   The Seller
is the Chief Executive Officer, Chief Financial Officer, President, Secretary and sole director of the Company immediately prior
to the Closing. The Seller also acknowledges that immediately prior to the repurchase contemplated hereby the Company may issue
and sell shares of Common Stock to certain purchasers at a per share purchase price that may be lower or higher than the Repurchase
Price paid for the Shares.

 

ARTICLE III

TERMINATION

 

3.1.   Termination.
This Agreement may not be terminated by either party prior to (A) the termination of the Securities Purchase Agreement or (B) the
closing of the transactions contemplated by the Securities Purchase Agreement. Either party may terminate this Agreement after
written notice to the other party upon the occurrence of either event provided in the previous sentence.

 

ARTICLE IV

MISCELLANEOUS

 

4.1.   Entire
Agreement. This Agreement and the documents and instruments and other agreements specifically referred to herein or delivered
pursuant hereto: (i) constitute the entire agreement among the parties with respect to the subject matter hereof and supersede
all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof; (ii)
are not intended to confer upon any other person any rights or remedies hereunder, except as specifically provided in this Agreement;
and (iii) shall not be assigned by operation of law or otherwise except as otherwise specifically provided. Unless otherwise specifically
provided herein, no representations, warranties, inducements, promises or agreements, oral or written, by or among the parties
not contained herein shall be of any force of effect.

 

4.2.   Severability.
In the event that any one or more of the provisions of this Agreement shall be held invalid, illegal or unenforceable in any respect,
or the validity, legality and enforceability of any one or more of the provisions contained herein shall be held to be excessively
broad as to duration, activity or subject, such provision shall be construed by limiting and reducing such provision so as to be
enforceable to the maximum extent compatible with applicable law.

 

    - 2 -

     

    

 

4.3.   Notices.
All notices provided for in this Agreement shall be in writing signed by the party giving such notice, and delivered personally
or sent by overnight courier, mail or messenger against receipt thereof or sent by registered or certified mail, return receipt
requested, or by facsimile transmission or electronic means of communication if receipt is confirmed or if transmission of such
notice is confirmed by mail as provided in this Section 4.3. Notices shall be deemed to have been received on the date of
personal delivery or telecopy or attempted delivery. Notice shall be delivered to the parties at the following addresses:

 

	 	If to the Company:	Toucan Interactive Corp.
	 	 	
        Sabanilla de Montes de Oca

        Urbanizacion Carmiol, Casa 254

        San Jose, Costa Rica

        Fax: N/A

        Email: toucancorp@gmail.com

 

	 	If to the Seller:	
        Mikhail Bukschpan

        Sabanilla de Montes de Oca

        Urbanizacion Carmiol, Casa 254

        San Jose, Costa Rica

        Fax: N/A

        Email: toucancorp@gmail.com

  

Either party may, by like
notice, change the address, person or telecopier number to which notice shall be sent.

 

4.4.   Governing
Law; Jurisdiction. This Agreement shall be governed and construed in accordance with the laws of the State of Nevada, without
regard to any principles of conflicts of law. Each of the parties hereto irrevocably consents to the exclusive jurisdiction of
the federal and state courts sitting in the Central District of California and the County of Los Angeles County, California, in
connection with any matter based upon or arising out of this Agreement or the matters contemplated herein, and also agrees that
process may be served upon them in any manner authorized by the laws of the State of California for such persons and waives and
covenants not to assert or plead any objection which they might otherwise have to such jurisdiction and such process.

 

4.5.   Waiver
of Jury Trial. EACH PARTY hereby expressly waiveS any right to a trial by jury in the
event of any suit, action or proceeding to enforce this Agreement or any other action or proceeding which may arise OUT
OF OR IN ANY WAY BE CONNECTED WITH THIS AGREEMENT OR ANY OF THE OTHER DOCUMENTS.

 

4.6.   Parties
to Pay Own Expenses. Each of the parties to this Agreement shall be responsible and liable for its own expenses incurred in
connection with the preparation of this Agreement, the consummation of the transactions contemplated by this Agreement and related
expenses.

 

4.7.   Successors.
This Agreement shall be binding upon the parties and their respective heirs, executors, administrators, legal representatives,
successors and permitted assigns; provided, however, that no party may assign this Agreement or any of its rights under this Agreement
without the prior written consent of the other parties.

 

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4.8.   Further
Assurances. Each party to this Agreement agrees, without cost or expense to any other party, to deliver or cause to be delivered
such other documents and instruments as may be reasonably requested by any other party to this Agreement in order to carry out
more fully the provisions of, and to consummate the transaction contemplated by, this Agreement.

 

4.9.   Survival.
The representations, warranties and agreements set forth in this Agreement shall survive the Initial Closing for a period of one
(1) year.

 

4.10.   Counterparts;
Signatures. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, but all
of which together shall constitute one and the same Agreement. Delivery by fax or electronic image of an executed counterpart of
a signature page to the Agreement shall be effective as delivery of an original executed counterpart of this Agreement.

 

4.11.   No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties with the advice
of counsel to express their mutual intent, and no rules of strict construction will be applied against any party.

 

4.12.   Headings.
The headings in the Sections of this Agreement are inserted for convenience only and shall not constitute a part of this Agreement.

 

[Remainder of this page intentionally
left blank.]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the date first above written.

 

	 	PURCHASER:
	 	 
	 	Toucan
    Interactive Corp.
	            	 	 
	 	By:	 
	 	Name:	Mikhail Bukschpan
	 	Title:   	President
	 	 	 
	 	SELLER:
	 	 
	 	 
	 	Mikhail
    Bukschpan

  

    - 5 -

     

    

 

Exhibit A

 

WIRE INSTRUCTIONS

 

 

[Wire instructions
to be provided to the escrow agent under separate cover by the Seller.]

 

 

 - 6 -Exhibit 10.3

 

DEBT SETTLEMENT AGREEMENT

 

THIS DEBT SETTLEMENT AGREEMENT
(“Agreement”) is entered into and effective as of April 22, 2016, by and between Toucan Interactive Corp., a
Nevada corporation (the “Company”) and Mikhail Bukschpan, an individual (“Lender”), with
respect to the following:

 

A.The Lender owns an aggregate of 4,000,000
shares (the “Shares”) of the Company’s common stock, par value $.001 per share (“Common Stock”)
which represents a majority of the outstanding shares of the Company’s Common Stock.

 

B.The Seller agrees to sell to the Company,
and the Company agrees to repurchase the Shares from the Lender, for a purchase price equal to an aggregate sum of $240,605.36
(the “Repurchase Price”), pursuant to that certain Repurchase Agreement dated as of the date hereof (the “Repurchase
Agreement”).

 

C.The Lender has loaned or advanced to the
Company (i) an aggregate principal amount of approximately $4,678 plus any and all accrued and unpaid interest and (ii) funds to
pay any and all costs and expenses incurred by the Company to satisfy the closing conditions in that certain Securities Purchase
Agreement by and among the Company, the Lender, and BDK Capital Group, LLC (the “Securities Purchase Agreement”)
and the Repurchase Agreement (together with the Securities Purchase Agreement, the “Agreements”), and to complete
the transactions contemplated by the Agreements and that certain Letter Agreement by and among the Company, the Lender and BDK
Arcadia, LLC dated as of March 23, 2016 (collectively, the “Total Debt”).

 

D.Except for this Total
Debt, the Company does not owe any other debt to the Lender.

 

E.The Lender agrees
and acknowledges that the Repurchase Price paid in accordance with the terms of the Repurchase Agreement satisfies the Total Debt
in entirety in accordance with the terms and conditions of this Agreement.

 

NOW, THEREFORE, in
consideration of the mutual promises, covenants and undertakings herein specified and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, with the intent to be obligated legally and equitably, the parties
agree as follows:

 

1.Effective upon the
execution and delivery of this Agreement, and subject to the delivery and receipt of the Repurchase Price in accordance with the
Repurchase Agreement, the Lender acknowledges and agrees that the Total Debt plus all accrued and unpaid interest is hereby satisfied
in its entirety and “paid in full”. The Lender hereby confirms and agrees that except for the Total Debt the Company
does not owe any other additional amounts to him under any other contract, arrangement, or agreement.

 

2.Effective upon the execution and
delivery of this Agreement and the Repurchase Price in accordance with the terms and conditions of the Repurchase Agreement, the
Lender, for himself and his assigns, heirs, executors, administrators, and representatives, hereby fully releases, remises, acquits,
forever discharges, and indemnifies the Company and its respective affiliates and successors, together with all of its respective
representatives, consultants, attorneys, fiduciaries, and assigns, from any and all claims, demands, actions, losses, and expenses
of any kind or nature arising out of any and all causes of action, agreements, claims, demands, actions, damages, judgments, debts,
covenants, executions, liabilities, obligations, losses, and expenses of any kind or nature arising out of any acts, omissions,
liabilities, transactions, transfers, happenings, violations, promises, facts, or circumstances, whether known or unknown, direct
or indirect, arising out of or related to the Total Debt whether existing now or in the future.

 

     

     

    

 

To effect a full and complete
general release as described above, the Lender expressly waives and relinquishes all rights and benefits of section 1542 of the
Civil Code of the State of California, and does so understanding and acknowledging the significance and consequence of specifically
waiving section 1542. Section 1542 of the Civil Code of the State of California states as follows:

 

A general release does not extend to claims
which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by
him or her must have materially affected his or her settlement with the debtor.

 

Thus, notwithstanding the
provisions of section 1542, and to implement a full and complete release and discharge of the Company, the Lender expressly acknowledges
this Agreement is intended to include in its effect, without limitation, all claims the Lender does not know or suspects to exist
in the Lender’s favor at the time of signing this Agreement, and that this Agreement contemplates the extinguishment of any
such claims. The Lender warrants that he has read this Agreement, including this waiver of California Civil Code section 1542,
and that the Lender has consulted with or had the opportunity to consult with counsel of the Lender’s choosing about this
Agreement and specifically about the waiver of section 1542, and that the Lender understands this Agreement and the section 1542
waiver, and so the Lender freely and knowingly enters into this Agreement.

 

3.The Lender and the Company hereby
represent and warrant that the undersigned individuals have the authority to act on behalf of the signing party and have the authority
to bind that party, and all that may claim through it, to the terms and conditions of this Agreement.

 

4.The Lender represents and warrants
that he has had an opportunity to consult with an attorney, and have carefully read and understand the scope and effect of the
provisions of this Agreement. Nether the Lender or the Company has relied upon any representations or statements made by any other
party that are not specifically set forth in this Agreement. In the event of vagueness, ambiguity or uncertainty, this Agreement
shall not be construed against the party preparing it, but shall be construed as if all parties prepared it jointly.

 

5.The Lender represents and warrants
that he has conducted all necessary investigations, assume the risk of any untruths regarding any matters upon which he has relied
and forever waive any rights to rescind this Agreement.

 

6.In the event
that any provision hereof becomes declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement
shall continue in full force and effect without said illegal provision.

 

7.This Agreement
represents the entire agreement and understanding between the Lender and the Company, and represents the complete, final, and
exclusive embodiment of their agreement concerning the matters set forth herein. Further, this Agreement shall supersede and replace
any and all prior and contemporaneous agreements, representations, and understandings regarding the subject of this Agreement.

 

    	 	2	 

     

    

 

8.This Agreement shall be governed
by the laws of the State of California in the United States of America. By signing this Agreement, the Parties hereby agree and
submit to the jurisdiction of the courts in California, and that venue of any suit or action shall be in the downtown branch of
the courts of Los Angeles County, California.

 

9.This Agreement may
be executed in counterparts, and each counterpart shall have the same force and effect as an original and constitute an effective,
binding agreement on the part of each of the undersigned. This Agreement may be transmitted by facsimile or otherwise.

 

10.Each party to this
Agreement agrees, without cost or expense to any other party, to deliver or cause to be delivered such other documents and instruments
as may be reasonably requested by any other party to this Agreement in order to carry out more fully the provisions of, and to
consummate the transaction contemplated by, this Agreement.

 

[Remainder of page intentionally left blank;
signature page to follow.]

 

    	 	3	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the day and year first set forth above.

 

	 	COMPANY:
	 	 
	 	Toucan
    Interactive Corp.,

    a Nevada corporation
	 	 	 
	 	By:	 
	 	Name:	Mikhail
    Bukschpan
	 	Title:
    	Chief
    Executive Officer
	 	 	 
	 	LENDER:
	 	 	 
	 	 
	 	Mikhail
    Bukschpan

 

 

 

4

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