SEC Contract Filing

Filing Date: 2024-11-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>STOCK CANCELLATION AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS STOCK CANCELLATION
AGREEMENT</B>&nbsp;(this &ldquo;Agreement&rdquo;) is made and entered into effective as of November 4, 2024, by and between Kuber Resources
Corporation, a Nevada corporation (the &ldquo;Company&rdquo;), and Chuang Fu Qu Kuai Lian Technology (Shenzhen) Limited (the &ldquo;Stockholder&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WITNESSETH:</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B>&nbsp;the Stockholder
is the record and beneficial owner of a total of 150,000 shares of Series B Preferred Stock, $.001 par value per share (the &ldquo;Series
B Preferred Stock&rdquo;) which were issued in 2018;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,&nbsp;</B>the Board
of Directors of the Company has approved a proposed a restructuring of the Company&rsquo;s capital stock to allow for greater flexibility
and alternatives with respect to the Company&rsquo;s capital structure for various purposes including, but not limited to, additional
equity financings and structuring future transactions (&ldquo;Purpose&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B>&nbsp;in order
to enable the Company shareholders to have a more desirable capital stock structure, the Stockholder desires to have cancelled and the
Company desires to cancel an aggregate of 150,000 shares of Series B Preferred Stock (the &ldquo;Shares&rdquo;) owned by the Stockholder
as of the date hereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B>&nbsp;following
the cancellation of the Shares the Company may at its discretion terminate the designation of Series B Preferred Stock; and&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Stockholder
has agreed to cancel the Shares in consideration of the Company paying the Stockholder an aggregate $100 USD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,</B>&nbsp;in
consideration of the foregoing recitals and the mutual agreements set forth herein, and other good and valuable consideration, receipt
of which is hereby acknowledged, the parties hereto agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp; <U>Cancellation
of Shares</U>.</B>&nbsp;&nbsp;Upon the terms and subject to the conditions set forth in this Agreement, upon execution hereof, the Stockholder
shall deliver to the Company stock powers duly executed in blank (with evidence of signature as the Company may require) whereupon the
officers of the Company shall cancel such Shares on the books and records of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2. <U>Issuance of Payment</U>.</B>&nbsp;&nbsp;Following
acceptance of the documents for Cancellation of the Shares set forth in Section 1 herein, the Company shall immediately, but in any event
within ten (10) business days, deliver to the Stockholder payment in the amount of $100 USD.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>3. <U>Representations of Stockholder</U>.</B>&nbsp;&nbsp;The
Stockholder represents and warrants to the Company, as of the date hereof, that:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">a.</TD><TD>Stockholder has the legal capacity to execute, deliver and perform his obligations under this Agreement.&nbsp;&nbsp;This Agreement
has been duly executed and delivered by Stockholder and is a valid and legally binding agreement of Stockholder enforceable against him
in accordance with its terms.</TD></TR></TA