Document:

Exhibit 10.1

 

 

 

 

STOCK PURCHASE AGREEMENT

Amendment 1

 

Amendment 1 to the STOCK PURCHASE
AGREEMENT effective as of November 9, 2018 by and among TEO FOODS, INC., a Nevada corporation (“Buyer”), NERYS
USA INC., a Nevada corporation, each of the Persons set forth on Schedule A thereto (“Sellers”), and
COMERCIAL TARGA, S.A. de C.V., a Mexican corporation (the “Company”).

RECITALS

 

WHEREAS, Sellers, Buyer and Company
desire to amend certain terms of that certain Stock Purchase Agreement between the parties that was effective on July 30, 2018.;
and

               
NOW, THEREFORE, in consideration of the premises and mutual covenants contained in this Agreement and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby,
agree to amend only Section 2.2 (a) and (b) of the Agreement as follows:

 

(a)          
Three Hundred Eighty Thousand U.S. Dollars (U.S.$380,000) which shall be paid as One Hundred Sixty Thousand (U.S.$160,000) in cash
by wire transfer to such account or accounts designated by Sellers to Buyer in writing and a promissory note from the Buyer in
the form identified in Exhibit “A” attached hereto in the amount of Two Hundred Twenty Thousand (U.S.$220,000) to be
received by the Closing Date; and

(b)       Eight
Hundred Sixty Thousand U.S. Dollars (U.S.$860,000) which shall be paid by a promissory note from the Buyer in the form identified
in Exhibit “A” attached hereto in the amount of Eight Hundred Sixty Thousand U.S. Dollars (U.S.$860,000) which shall
be executed and delivered at Closing.

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

	 	BUYER:
	 	TEO
    FOODS, INC., a Nevada corporation
	 	 	 
	 	By:	/s/Jeffrey
    H. Mackay
	 	 	Jeffrey
    H. Mackay
	 	 	President
	 	 	 
	 	SELLERS:
	 	NERYS
    USA Inc., a Nevada Corporation
	 	 	 
	 	By:	/s/
    John Cathcart
	 	 	John
    Cathcart
	 	 	President
	 	 	 
	 	Sandro
    Piancone, an individual
	 	 	 
	 	By:	/s/
    Sandro Piancone
	 	 	Sandro
    Piancone
	 	 	 
	 	THE
    COMPANY:
	 	xCOMERCIAL
    TARGA, S.A. de C.V., a Mexican corporation
	 	 	 
	 	By:	/s/
    Sandro Piancone
	 	 	Sandro
    Piancone
	 	 	Authorized
    SignatoryExhibit 10.2

 

 

 

 

Amendment to Promissory Note

 

 

TEO Foods, Inc.;
a Nevada Corporation (the "Obligor") and Sandro Piancone, an individual (the "Holder"), agree to amend
that certain Promissory Note for the principal amount of one hundred thousand dollars ($100,000) with an issue date of July 31,
2018.

 

The Obligor and the Holder agree that
the terms “Interest” and "Maturity Date" shall be amended as follows:

 

Subject to Section 3 hereof, all outstanding
Principal shall be due on demand of the Holder in one (1) installment on or after January 3, 2019 (the "Maturity Date")

 

IN WITNESS WHEREOF, the Obligor
and the Holder Agrees and Accepts the terms of this Amendment to the Promissory Note effective as of the 31st day of October 2018.

 

 

OBLIGOR:

TEO Foods, Inc.

 

 

By:/s/Jeffrey H. Mackay

Jeffrey H. Mackay

President

 

 

HOLDER:

Sandro Piancone

 

By:/s/Sandro Piancone

Name:

 

Address:Exhibit 4.1

 

	
               NUMBER

        U-____________

         

         
	 	UNITS
	SEE REVERSE FOR CERTAIN DEFINITIONS	Schultze Special Purpose Acquisition Corp.	 
	 	 	 
	 	 	CUSIP 80821R 208

 

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 common stock, par value $0.0001 per share (“Common Stock”), of Schultze Special Purpose
Acquisition Corp., a Delaware corporation (the “Company”), and one warrant (“Warrant”). Each
Warrant entitles the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will
become exercisable on the later of (i) 30 days after the Company’s completion of an initial merger, stock exchange,
asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses
or entities (a “Business Combination”) and (ii) 12 months from the closing of the Company’s initial public
offering (“IPO”), 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 Stock and Warrant(s)
comprising the Unit(s) represented by this certificate are not transferable separately until 90 days following the IPO, unless
the underwriters inform 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 IPO 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 ______ ___, 2018, between the Company and Continental Stock
Transfer & Trust Company, 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. Copies of the Warrant Agreement are on file at
the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, 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	 	 	 	 
	 	 	 	 	 
	 		 	 	 
	 	Chief Executive Officer	 	 	Chief Financial Officer

 

 

     

     

    

 

Schultze Special Purpose Acquisition
Corp.

 

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, assign, and transfer 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) MUST 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 (OR ANY SUCCESSOR RULE) UNDER THE SECURITIES 	 
	EXCHANGE ACT OF 1934, AS AMENDED).	 

 

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 Company is forced to liquidate because it does not consummate an initial Business Combination within the period
of time set forth in the Company’s Certificate of Incorporation, as the same may be amended from time to time (the “Charter”)
or (ii) if the holder seeks to redeem 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.Exhibit 4.2

 

	
        NUMBER

        ___________C
	 	SHARES

 

Schultze
Special Purpose Acquisition Corp.

 

INCORPORATED
UNDER THE LAWS OF DELAWARE

 

COMMON
STOCK

 

	 	
        SEE REVERSE FOR

        CERTAIN DEFINITIONS

 

	This Certifies that	CUSIP 80821R 109
	 	 
	is the owner of	 

 

FULLY PAID
AND NON-ASSESSABLE SHARES OF COMMON STOCK OF THE PAR VALUE OF $0.0001 EACH OF

 

Schultze
Special Purpose Acquisition Corp.

 

transferable on the books of the
Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

The Company will be forced to liquidate if it is unable to complete an initial business combination within the time period set
forth in the Company’s Certificate of Incorporation, as the same may be amended from time to time.

This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.

 

	 	Dated:	 	 
	 	 	 	 
	 	 	 	 
	 	Chief Executive Officer	 	Chief Financial Officer

 

 

     

     

    

 

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.

 

Schultze Special Purpose Acquisition
Corp.

 

The Company will furnish
without charge to each stockholder who so requests 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. This certificate and the shares represented thereby are issued and shall be held subject to
all the provisions of the Company’s Certificate of Incorporation and all amendments thereto and resolutions of the Board
of Directors (copies of which may be obtained from the secretary of the Company), to all of which the holder of this certificate
by acceptance hereof assents.

 

For value received,
___________________________ hereby sell, assign and transfer unto

 

	
        PLEASE INSERT SOCIAL SECURITY OR OTHER

        IDENTIFYING NUMBER OF ASSIGNEE
	 
	 	 
	 

 	 

 

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

 

shares of the capital stock represented
by the within Certificate, and do hereby irrevocably constitute and appoint

 

	 	Attorney

 

to transfer the said stock 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) MUST 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 (OR ANY SUCCESSOR RULE) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED).

 

     

     

    

 

The holder(s) of this
certificate shall be entitled to receive a pro rata portion of the funds from the trust account only in the event that (i) the
Company is forced to liquidate because it does not consummate an initial business combination within the period of time set forth
in the Company’s Certificate of Incorporation, as the same may be amended from time to time (the “Charter”) or
(ii) if the holder seeks to redeem 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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