Document:

pbfi_ex101.htm

EXHIBIT 10.1

 

Stock Purchase Agreement

Dated as of March 21st, 2014

By and Among

ALEXANDER HOUSTOUN-BOSWALL,

DANIEL CATTLIN,

and

PATRIOT BERRY FARMS, INC.

 

  

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Stock Purchase Agreement

This stock purchase agreement (“Agreement”), dated as of March 21st, 2014, is entered into by and among PATRIOT BERRY FARMS, INC. (“Patriot Berry” or the “Company”) and ALEXANDER HOUSTOUN-BOSWALL (the “Seller”), and DANIEL CATTLIN (the “Purchaser” and together with the Company and the Seller, the “Parties”).

W i t n e s s e t h:

Whereas, the Seller is a shareholder of the Company, a corporation organized and existing under the laws of the State of Nevada, who owns and/or controls in the aggregate 35,200,000 shares of common stock, par value $0.001 per share, of the Company, which represents 50.5% of the issued and outstanding shares; and

Whereas, the Purchaser desires to acquire 35,200,000 shares of the Company’s common stock.

Now, Therefore, in consideration of the premises and of the covenants, representations, warranties and agreements herein contained, the Parties have reached the following agreement with respect to the sale by the Seller of such shares to the Purchaser:

Section 1. Construction and Interpretation

1.1. Principles of Construction.

(a) All references to Articles, Sections, subsections and Appendixes are to Articles, Sections, subsections and Appendixes in or to this Agreement unless otherwise specified. The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The term “including” is not limiting and means “including without limitations.”

(b) In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.”

(c) This Agreement is the result of negotiations among and has been reviewed by each Party’s counsel. Accordingly, this Agreement shall not be construed against any Party merely because of such Party’s involvement in its preparation.

(d) Wherever in this Agreement the intent so requires, reference to the neuter, masculine or feminine shall be deemed to include each of the other, and reference to either the singular or the plural shall be deemed to include the other.

Section 2. The Transaction

2.1. Purchase Price.

The Seller hereby agrees to sell to the Purchaser, and the Purchaser, in reliance on the representations and warranties contained herein, and subject to the terms and conditions of this Agreement, agrees to purchase from the Seller 35,200,000 shares (the “Acquired Shares”) for a total purchase price of $20,000 (the “Purchase Price”), payable as provided in Section 2.2.

 

  

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2.2. Closing.

(a) The sale and delivery of the Acquired Shares to Purchaser, and the consummation of the other respective obligations of the parties hereto contemplated by this Agreement will take place at a closing (the “Closing”), which will take place at a mutually acceptable location and date (the “Closing Date”).

 

(b) At the Closing:

 

(i) The Sellers shall deliver to the Purchaser a certificate (or certificates) for the Shares, along with a fully executed stock power duly endorsed in form for transfer to the Purchaser.

 

(c) The Purchaser shall pay to the Sellers the net Purchase Price ($20,000) for the Shares following the Closing Date.

 

(d) 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.

 

(e) All representations, covenants and warranties of the Purchaser and Sellers contained in this Agreement shall be true and correct on and as of the Closing Date with the same effect as though the same had been made on and as of such date.

Section 3. Representations and Warranties

3.1. Representations and Warranties of the Seller and the Company. The Seller and the Company hereby make the following representations and warranties to the Purchaser:

3.1.1 The Company is a corporation duly organized and validly existing under the laws of the State of Nevada and has all corporate power necessary to engage in all transactions in which it has been involved, as well as any general business transactions in the future that may be desired by its directors.

3.1.2 The Company is in good standing with the Secretary of State of Nevada.

3.1.3 Except as disclosed on Schedule 3.1.3, prior to or at Closing, all of the Company’s outstanding debts and obligations shall be paid off (at no expense or liability to the Purchaser) and the Seller shall provide evidence of such payoff to the Purchaser’s reasonable satisfaction. Should the Purchaser discover any obligation of the Company that was not paid prior to the Closing Date, the Seller shall indemnify the Purchaser for any and all such liabilities, whether outstanding or contingent at the time of Closing.

3.1.4 The Company is not subject to any pending or threatened litigation, claims or lawsuits from any party, and there are no pending or threatened proceedings against the Company by any federal, state or local government, or any department, board, agency or other body thereof.

3.1.5 Except as disclosed on Schedule 3.1.5, the Company is not a party to any contract, lease or agreement which would subject it to any performance or business obligations after the Closing.

 

  

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3.1.6 Except as disclosed on Schedule 3.1.6, the Company does not own any real estate or any interests in real estate.

 

3.1.7 The Company is not liable for any taxes, including income, real or personal property taxes, to any governmental or state agencies whatsoever. The Company has timely filed all income, real or personal property, sales, use, employment or other governmental tax returns or reports required to be filed by it with any federal, state or other governmental agency and all taxes required to be paid by the Company in respect of such returns have been paid in full. None of such returns are subject to examination by any such taxing authority and the Company has not received notice of any intention to require the Company to file any additional tax returns in any jurisdiction to which it may be subject.

 

3.1.8 The Company, to the actual knowledge of Seller, is not in violation of any provision of laws or regulations of federal, state or local government authorities and agencies.

 

3.1.9 The Seller is the lawful owner of record of the Acquired Shares, and the Seller presently has, and will have at the Closing Date, the power to transfer and deliver the Acquired Shares to the Purchaser in accordance with the terms of this Agreement. The delivery to the Purchaser of certificates evidencing the transfer of the Acquired Shares pursuant to the provisions of this Agreement will transfer to the Purchaser good and marketable title thereto, free and clear of all liens, encumbrances, restrictions and claims of any kind.

 

3.1.10 There are no authorized shares of the Company other than 100,000,000 common shares, and there are 69,720,000 issued and outstanding shares of the Company. Seller at the Closing Date will have full and valid title to the Acquired Shares, and there will be no existing impediment or encumbrance to the sale and transfer of the Acquired Shares to the Purchaser; and on delivery to the Purchaser of the Acquired Shares being sold hereby, all of such Shares shall be free and clear of all liens, encumbrances, charges or assessments of any kind; such Shares will be legally and validly issued and fully paid and non-assessable shares of the Company’s common stock; and all such common stock has been issued under duly authorized resolutions of the Board of Directors of the Company.

 

3.1.11 All issuances of the Company of the Shares in past transactions have been legally and validly effected, without violation of any preemptive rights, if any existed, and all of such shares of common stock are fully paid and non-assessable.

 

3.1.12 There are no outstanding subscriptions, options, warrants, convertible securities or rights or commitments of any nature in regard to the Company’s authorized but unissued common stock or any agreements restricting the transfer of outstanding or authorized but unissued common stock. There are no shareholders agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s shareholders.

 

3.1.13 There are no outstanding judgments, liens or any other security interests filed against the Company or any of its properties.

 

3.1.14 The Company has no subsidiaries.

 

3.1.15 Except as disclosed on Schedule 3.1.15, the Company has no employment contracts or agreements with any of its officers, directors, or with any consultants; and the Company has no employees or other such parties.

 

  

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3.1.16 The Company has no insurance or employee benefit plans whatsoever.

 

3.1.17 The Company is not in default under any contract, or any other document.

 

3.1.18 The Company has no outstanding powers of attorney and no obligations concerning the performance of the Seller concerning this Agreement.

 

3.1.19 The execution and delivery of this Agreement, and the subsequent Closing, will not result in the breach by the Company or the Seller of (i) any agreement or other instrument to which they are or have been a party or (ii) the Company’s Articles of Incorporation or Bylaws.

 

3.1.20 All financial and other information which the Company and/or the Seller furnished or will furnish to the Purchaser, including information with regard to the Company and/or the Seller contained in the SEC filings filed by the Company since its inception (i) is true, accurate and complete as of its date and in all material respects except to the extent such information is superseded by information marked as such, (ii) does not omit any material fact and is not misleading, and (iii) presents fairly the financial condition of the organization as of the date and for the period covered thereby.

 

3.1.21 The Company has filed all periodic reports with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, including its Quarterly Report on Form 10-Q for the period ended December 31, 2013, and all such reports were filed timely.

 

The representations and warranties herein by the Seller and the Company shall be true and correct in all material respects on and as of the Closing Date hereof with the same force and effect as though said representations and warranties had been made on and as of the Closing Date.

 

The representations and warranties made above shall survive the Closing Date and shall expire for all purposes in the date numerically corresponding to the Closing Date in the thirty sixth month after the Closing Date.

 

3.2. Covenants of the Seller and the Company.

 

From the date of this Agreement and until the Closing Date, the Seller and the Company covenant the following:

 

3.2.1 The Seller will furnish Purchaser with all corporate records and documents, such as Articles of Incorporation and Bylaws, minute books, stock books, or any other corporate document or record (including financial and bank documents, books and records) requested by the Purchaser.

 

3.2.2 The Company will not enter into any contract or business transaction, merger or business combination, make any material purchases or acquisitions, or incur any further debts or obligations without the express written consent of the Purchaser.

 

3.2.3 The Company will not amend or change its Articles of Incorporation or Bylaws, or issue any further shares or create any other class of shares in the Company without the express written consent of the Purchaser.

 

3.2.4 The Company will not issue any stock options, warrants or other rights or interests in or to its shares without the express written consent of the Purchaser.

 

3.2.5 The Seller will not encumber or mortgage any right or interest in her Shares being sold to the Purchaser hereunder, and also they will not transfer any rights to such shares of the common stock to any third party whatsoever.

 

  

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3.2.6 The Company will not declare any dividend in cash or stock, or any other benefit.

 

3.2.7 The Company will not institute any bonus, benefit, profit sharing, stock option, pension retirement plan or similar arrangement.

 

3.2.8 At Closing, the Company and the Seller will obtain and submit to the Purchaser resignations of current officers and directors.

 

3.2.10 For three months after Closing, the Seller agrees to cooperate with the Purchaser and provide the Purchaser and the Company with any documentation and assistance that they may reasonable require to file Exchange Act on behalf of the Company.

 

3.3 Representations and Warranties of the Purchaser. The Purchaser hereby makes the following representations and warranties to the Seller:

 

3.3.1 The Purchaser has the requisite power and authority to enter into and perform this Agreement and to purchase the shares being sold to it hereunder. The execution, delivery and performance of this Agreement by such Purchaser and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action, and no further consent or authorization of such Purchaser is required. This Agreement has been duly authorized, executed and delivered by such Purchaser and constitutes, or shall constitute when executed and delivered, a valid and binding obligation of such Purchaser enforceable against such Purchaser in accordance with the terms thereof.

 

3.3.2 [reserved.]

 

3.3.3 On the Closing Date, such Purchaser will purchase the Acquired Shares pursuant to the terms of this Agreement for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

 

3.3.4 The Purchaser understands and agrees that the Acquired Shares have not been registered under the 1933 Act or any applicable state securities laws, by reason of their issuance in a transaction that does not require registration under the 1933 Act (based in part on the accuracy of the representations and warranties of the Purchaser contained herein), and that such Acquired Shares must be held indefinitely unless a subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such registration. In any event, and subject to compliance with applicable securities laws, the Purchaser may enter into lawful hedging transactions in the course of hedging the position they assume and the Purchaser may also enter into lawful short positions or other derivative transactions relating to the Acquired Shares, or interests in the Acquired Shares, and deliver the Acquired Shares, or interests in the Acquired Shares, to close out their short or other positions or otherwise settle other transactions, or loan or pledge the Acquired Shares, or interests in the Acquired Shares, to third parties who in turn may dispose of these Acquired Shares.

 

  

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3.3.5 The Acquired Shares shall bear the following or similar legend:

 

“THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

3.3.6 The offer to sell the Acquired Shares was directly communicated to the Purchaser by the Company. At no time was the Purchaser presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer.

 

3.3.7 Such Purchaser represents that the foregoing representations and warranties are true and correct as of the date hereof and, unless such Purchaser otherwise notifies the Company prior to the Closing Date shall be true and correct as of the Closing Date.

 

3.3.8 The foregoing representations and warranties shall survive the Closing Date and for a period of one year thereafter.

 

Section 4. Miscellaneous

 

4.1. Expenses.

 

Each of the Parties shall bear his own expenses in connection with the transactions contemplated by this Agreement.

 

4.2. Governing Law.

 

The interpretation and construction of this Agreement, and all matters relating hereto, shall be governed by the laws of the State of Nevada applicable to agreements executed and to be wholly performed solely within such state.

 

4.3. Resignation of Old and Appointment of New Board of Directors and Officers.

 

The Company and the Seller shall take such corporate action(s) required by the Company’s Articles of Incorporation and/or Bylaws to (a) appoint the below named persons to their respective positions, to be effective on the eleventh day following the Closing Date, and (b) obtain and submit to the Purchaser, together with all required corporate action(s) the resignation of the current board of directors, and any and all corporate officers and check signers as of the Closing Date.

 

	
Name

	 	
Position

	
Daniel Cattlin

	 	
President, Chief Executive Officer, Secretary, Treasurer, sole member of the Board of Directors

 

  

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4.4. Disclosure.

 

The Seller and the Company agree that they will not make any public comments, statements, or communications with respect to, or otherwise disclose the execution of this Agreement or the terms and conditions of the transactions contemplated by this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld.

 

4.5. Notices.

 

Any notice or other communication required or permitted under this Agreement shall be sufficiently given if delivered in person or sent by facsimile or by overnight registered mail, postage prepaid, addressed as follows:

 

If to Seller, to:

 

Alexander Houstoun-Boswall

7380 Sand Lake Road, Suite 500

Orlando, Florida 32819

 

If to the Company:

 

Patriot Berry Farms, Inc.

7380 Sand Lake Road, Suite 500

Orlando, FL 32819

 

With a copy to (which shall not constitute notice):

 

Szaferman Lakind Blumstein & Blader, PC

101 Grovers Mill Road, Second Floor

Lawrenceville, NJ 08648

Attn: Gregg E. Jaclin, Esq.

 

If to the Purchaser, to:

 

Daniel Cattlin

914 Doyle Road, Suite 303

Apt 224, Deltona, FL, 32725

 

Or such other address or number as shall be furnished in writing by any such Party, and such notice or communication shall, if properly addressed, be deemed to have been given as of the date so delivered or sent by facsimile.

 

4.6. Parties in Interest.

 

This Agreement may not be transferred, assigned or pledged by any Party hereto, other than by operation of law. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

 

  

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4.7. Entire Agreement.

 

This Agreement and the other documents referred to herein contain the entire understanding of the Parties hereto with respect to the subject matter contained herein. This Agreement shall supersede all prior agreements and understandings between the Parties with respect to the transactions contemplated herein.

 

4.8. Amendments.

 

This Agreement may not be amended or modified orally, but only by an agreement in writing signed by the Parties.

 

4.9. Severability.

 

In case any provision in this Agreement shall be held invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof will not in any way be affected or impaired thereby.

 

4.10. Counterparts.

 

This Agreement may be executed in any number of counterparts, including counterparts transmitted by telecopier, PDF or facsimile transmission, any one of which shall constitute an original of this Agreement. When counterparts of copies have been executed by all parties, they shall have the same effect as if the signatures to each counterpart or copy were upon the same document and copies of such documents shall be deemed valid as originals. The Parties agree that all such signatures may be transferred to a single document upon the request of any Party.

[-signature page follows-]

 

  

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In Witness Whereof, each of the Parties hereto has caused its/his name to be hereunto subscribed as of the day and year first above written.

 

	 	
Company:

 

PATRIOT BERRY FARMS, INC.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Alexander Houstoun-Boswall	 
	 	Name: 	Alexander Houstoun-Boswall	 
	 	Title: 	President, Chief Executive Officer, Treasurer	 
	 	 	 	 
	 	Seller:	 
	 	 	 	 
	 	By: 	/s/ Alexander Houstoun-Boswall	 
	 	Name:	Alexander Houstoun-Boswall	 
	 	 	Individually	 
	 	 	 	 
	 	Purchaser:	 
	 	 	 	 
	 	By: 	/s/ Daniel Cattlin	 
	 	Name: 	Daniel Cattlin	 

  

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Schedule 3.1.3

Outstanding Debts and Obligations

 

 

 

 

  

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Schedule 3.1.5

Lease Agreements

 

 

 

 

  

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Schedule 3.1.6

Real Estate

 

 

 

 

  

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Schedule 3.1.15

Employment Agreements

 

	
1.  

	
Consulting Agreement with Bernadine Strik

	
2.  

	
Consulting Agreement with Anthony Dimeo

 

 

 

 

 

 

 

14pbfi_ex102.htm

EXHIBIT 10.2

 

BUSINESS DEVELOPMENT CONSULTING AGREEMENT

THIS BUSINESS DEVELOPMENT CONSULTING AGREEMENT (“Agreement”) is made and entered into as of this 21st day of March, 2014 by and between:

PATRIOT BERRY FARMS, INC., a Nevada corporation with offices located at 7380 Sand Lake Road, Suite 500, Orlando, FL 32819(“Company”);

-and-

ALEXANDER HOUSTOUN-BOSWALL., an individual located at 7380 Sand Lake Road, Suite 500, Orlando, Florida 32819(“Consultant”).

RECITALS:

WHEREAS, Consultant was previously the sole officer and director and majority shareholder of the Company; and

WHEREAS, pursuant to a Stock Purchase Agreement (the “SPA”), dated March __, 2014, by and among the Company, the Consultant, and Daniel Cattlin, the Consultant resigned as officer and director of the Company and Mr. Cattlin was appointed as the sole officer and director of the Company; and

WHEREAS, Company desires to retain the services of Consultant to assist in the business development of the Company;

WHEREAS, Company desires to secure the business development consulting services of Consultant upon the terms and conditions hereinafter set forth; and

WHEREAS, Consultant desires to provide suchbusiness development consulting services upon the terms and conditions hereinafter set forth;

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and promises contained herein, the parties, each intending to be legally bound hereby, agree as follows:

1. Consulting Services.

 

1.1 Beginning March 21st, 2014, Consultant shall provide business development consulting services to the Company as described in Paragraph 4, below.

 

1.2 Company shall pay Consultant consulting fees and other costs and expenses as described in Paragraph 2, below.

 

  

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2. Consulting Fees, Reimbursements and Other Benefits.

 

2.1 Company shall pay Consultant consulting fees of Three Thousand ($3,000.00) per month for each month of the Term, as defined in Section 3.1.

 

2.2 For any extraordinary consulting services provided by Consultant after execution of this Agreement beyond the services described in Section 4.1, below, Company shall compensate Consultant at rates to be negotiated between them in each instance.

 

2.3 The Company shall reimburse Consultant for reasonable travel, legal and other expenses Consultant incurs in connection with and arising from this Agreement and the performance of the Duties and Responsibilities. To obtain reimbursement, Consultant shall submit to the President of the Company, or his or her designee, an invoice describing services rendered and expenses incurred under this Agreement. All expenses over $500.00 must be approved in writing by the Company prior to incurring such expenses. The Company shall pay to Consultant invoiced amounts within fifteen (15) days after the date of invoice. Company will accommodate Consultant’s request to arrange, at Company’s expense, for all of Consultant’s travel and accommodations in connection with such meetings if they occur outside the New Jersey.

 

2.4 The Company may from time to time exercise its discretion to grant Consultant an additional consultation fee or bonus upon such terms and conditions that the Company shall deem to be in its business interest. The Company shall not be obligated to pay Consultant any additional consultation fee or bonus, regardless of whether an additional consultation fee or bonus was paid to the Consultant in any past or succeeding year or additional compensation or bonus was paid to other consultants in any year. The Company’s determination with respect to the payment and amount of any additional consultation fee or bonus for any fiscal year shall be final and conclusive.

 

3. Term; Renewals.

 

3.1 The initial term of this Agreement shall commence as of the closing date of the sale of the Business to Company pursuant to the SPA (the "Effective Date") and shall continue for a period of thirty (30) days (the “Term”), unless this Agreement is sooner terminated by either the Consultant or Company in accordance with the terms of this Agreement.

 

3.2 The term of this Agreement may be extended for such periods (the “Renewal Term(s)”) as the parties may mutually agree on or before the scheduled expiration of the Term. To be effective, any such agreement to extend the term of the Agreement for a renewal term must be by mutual consent in writing prior to the scheduled expiration of the Term, signed by Consultant and Company. If no such agreement is reached, this Agreement shall expire as of the end of the Term.

 

  

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4. Duties and Responsibilities.

4.1 During the Term hereof, the Consultant shall be retained to assist Company in the transition of taking over the assets and business of Consultant and to familiarize the employees of Company with the operations of Consultants business and with its customers and vendors, The Consultant will hold no regulatory responsibilities within the Company.

For the avoidance of doubt, all duties and responsibilities of the Consultant shall apply only if requested by the Company’s President, or such other officer as designated by the Company.

 

4.3 Consultant will, to the best of his ability, provide information, submit reports as requested by the Company, and will abide by and comply with all policies and operating regulations of the Company as issued from time to time. The Company will provide Consultant with such information as the Company believes is reasonably necessary to enable Consultant to carry out his duties hereunder.

 

4.4 Consultant agrees to adhere to all of the Company’s policies relating to the performance of his duties.

 

4.5 Consultant will not make any representations, warranties or commitments binding the Company not previously authorized by the Company.

 

4.6 Consultant will maintain such records as the Company may require and will deliver such records to the Company whenever requested to do so. Consultant’s obligation to deliver same to the Company shall survive termination of this Agreement.

 

5. Representations and Warranties by the Consultant. The Consultant hereby represents and warrants to Company that the execution and delivery by the Consultant of this Agreement does not, and the performance by the Consultant of the Consultant’s obligations hereunder will not, with or without the giving of notice or the passage of time, or both: (a) violate any judgment, writ, injunction or order of any court, arbitrator or governmental agency applicable to the Consultant, or (b) conflict with, result in a breach of the provisions of or the termination of, or constitute a default under, any agreement to which the Consultant is a party or by which the Consultant is or may be bound.

 

  

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6. Limited Right to Terminate

 

6.1 This Agreement shall automatically terminate upon the expiration of the Term or any applicable additional term, unless it has been terminated prior to such date in accordance with Section 6.2 below.

 

6.2 The Company may voluntarily terminate this Agreement during the Term by providing the Consultant with a minimum thirty (30) day’s advance written notice

 

The Company’s early termination of this Agreement in accordance with the above shall not affect its obligation to pay the Consultant the Consulting Fee earned prior to receipt by Consultant of written notice of termination under this Section 6.2. However, the Consultant shall not be entitled to any further payments of the Consultant Fee after receipt of written termination of this Agreement in accordance with this Section 6.2

 

6.3 The Consultant may terminate this Contract, by written notice of termination submitted to the Company at least forty-five (45) days prior to a specified termination date and, upon conclusion of such notice period, the Company shall not have any further liability or obligation to Consultant, his executors, administrators, heirs, assigns or any other person claiming under or through him, except for unpaid compensation set forth in Section 2.1 of this Agreement through such termination date. Following receipt of such written termination, the Company may in its sole discretion, terminate Consultant’s retention at any time during that period, and compensate Consultant for the remainder of that forty-five (45) day period upon the same terms and conditions stated herein.

 

7. Death or Disability During Contract. If the Consultant shall die during the Term of this Agreement or become disabled so that the Consultant is unable to carry out its duties hereunder for a continuous period of forty-five (45) days, this Agreement shall immediately terminate and the Company will pay to Consultant any amount previously earned prior to termination.

 

8. Assignment. Consultant acknowledges that hisservices are unique and personal. Accordingly, Consultant may not assign his rights or delegate his duties or obligations under this Agreement. The Company’s rights and obligations under this Agreement shall inure to the benefit of and shall be binding upon the Company, its successors and assigns.

 

9. Non-Exclusive Consultancy.Consultant's engagement by the Company under this Agreement is a non-exclusive consultancy. During the Term, Consultant shall have the right, without prior notice to the Company, be engaged by other Companies, as long as there is no conflict of interest and said other Companies do not compete with Company.

 

10. Indemnification. Notwithstanding any other provision of this Agreement, Company shall indemnify, defend and hold harmless Consultant, its shareholders, directors, officers, agents, and employees (the “Indemnitees”), against any claim, liability, cost, damage, deficiency, penalty, actions, judgment, suit, costs, disbursement, loss, expense or obligation of any kind or nature (including without limitation reasonable attorneys’ fees) incurred by, asserted against or imposed upon the Indemnitees, or any one of them, which in any way arise out of or related to this Agreement (including, but not limited to, actions in the form of tort, warranty, or strict liability).

 

  

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11. Confidentiality. During the term and for a period of one (1) year following the termination of this Agreement, the parties hereto shall keep the Confidential Information strictly confidential. The term “Confidential Information” shall mean (1) this Agreement and (2) all proprietary information, data, trade secrets, business information and other information of any kind whatsoever that a party (“Discloser”) discloses to the other party (“Recipient”) or to which Recipient obtains access in connection with the performance of this Agreement, including, without limitation, the names of Companys, vendors, potential investors, strategic business partners or mergers and acquisition counterparties, and the terms of the transaction(s) between the Company and any of the above-referenced parties. Notwithstanding the foregoing, the Confidential Information shall not include: (i) any information that is or becomes known to the public other than by breach of this Section 12; (ii) information that a party rightfully had in its possession prior to when disclosed to it by any other party; (iii) information that a party independently develops; (iv) information rightfully received by a party from a third-party who is under no duty of confidentiality.

 

12. Notices. Any notice required or permitted under this Agreement shall be in writing and sent by United States first class mail, by certified mail, return receipt requested, by recognized, overnight courier service, by facsimile or by hand delivery to the parties at their respective addresses set forth below or at such other address as the parties may designate by notice from time to time:

If to Consultant, at:

Alexander Houstoun-Boswall

7380 Sand Lake Road, Suite 500

Orlando, Florida 32819

If to Company, at:

Patriot Berry Farms, Inc.

7380 Sand Lake Road, Suite 500

Orlando, FL 32819

With a copy to:

Szaferman Lakind Blumstein & Blader, PC

101 Grovers Mill Road, Second Floor

Lawrenceville, NJ 08648

Attn: Gregg E. Jaclin, Esq

  

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13. Entire Agreement. This Agreement supersedes any and all prior Agreements or arrangements between the parties with respect to the retention of the Consultant by Company and sets forth the entire Agreement between the parties with respect to the subject matter hereof, and it may be amended only by a written document signed by both parties to this Agreement.

 

14. Attorney’s Fees. If any party hereto finds it necessary to employ legal counsel to bring an action at law or arbitration or other proceedings against another party to enforce any of the terms, covenants, or conditions hereof, the party found to be at fault shall be responsible for the prevailing party’s attorney’s fees and costs of the proceeding.

 

15. Successors and Assigns. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their heirs, personal representatives, successors and assigns.

 

16. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada.

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

 

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

 

 

	 	Company:	 
	 	 	 
	 	PATRIOT BERRY FARMS, INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Daniel Cattlin	 
	 	Name:	Daniel Cattlin	 
	 	Title:	President, Chief Executive Officer, Treasurer	 

	 	Consultant:	 
	 	 	 	 
	
 

	
By: 

	/s/ Alexander Houstoun-Boswall	 
	 	Name:	Alexander Houstoun-Boswall, Individually	 

 

 

 

 

 

 

6

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