Stock Purchase Agreement Rescission dtd May 6, 2022

Contract Categories: Business Finance - Stock Agreements
EX-10.1 4 fhld_ex101.htm STOCK PURCHASE AGREEMENT orm_ex101.htm

EXHIBIT 10.1

 

STOCK PURCHASE AGREEMENT-RESCISSION

 

This STOCK PURCHASE AGREEMENT RESICISSON (the “Rescission”) dated May 6, 2022, is intended to rescind the STOCK PURCHASE AGREEMENT (the “Agreement”), dated December 30, 2021, between Freedom Holdings, Inc. (the “Buyer”) and each of the Persons identified as sellers on the signature pages hereto (each a “Seller”) and together (the “Sellers), and Tim Alford, solely in his capacity as representative of the Sellers (the “Seller Representative”). Buyer, the Sellers, and the Seller Representative be referred to individually as in this Rescission as a Party and collectively as the Parties.

 

WHEREAS the Sellers collectively own Three Hundred and Eleven Million, Six Hundred and Seventy-Two Thousand, Seven Hundred and Thirty (311,672,730) shares (the “Shares”) of Buyer’s common stock, par value $0.0001 par value per share (the “Common Stock”). And

 

WHEREAS the Buyer owns 10,000 shares, being 100% of the issued and outstanding equity interests of Carbon Zero Asset Management, Inc. And

 

 WHEREAS the Parties wish to rescind the Agreement and all shares and equity interests will be returned to the original owners.

 

 NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

RESCISSION

 

1.1 Exchange of Equity Interests. Subject to the terms and conditions set forth herein, at the Closing, each Seller shall sell and deliver to Buyer, and Buyer shall purchase from each Seller, the Equity Interests set forth next to such Seller’s name on Exhibit A, free and clear of all Liens, for the consideration specified in Section 1.2.

 

1.2 Rescission Terms. The signing of this Rescission shall terminate the Agreement and all Equity Interests shall be returned to the Sellers and all Common shares shall be returned to the Buyer. All Parties agree to execute any and all documents required in order to consummate this Rescission Agreement.

 

1.3 No Future Claim. Upon execution of this Rescission Agreement neither Party shall retain any interest in the other Party and herein shall waive all future claims with or from the other Party.

 

[Signature Page to Follow]

 

 

1

 

 

IN WITNESS WHEREOF, the Parties hereto have caused this Stock Purchase Agreement to be duly executed as of the day and year first above written.

 

FREEDOM HOLDINGS, INC.

 

 

/s/ Brian Kistler

 

By: Brian Kistler, CEO

 

 

 

Up Capital Pty Limited ATF

 

Howard Family Trust

 

 

 

/s/ Andrew Howard

 

By: Andrew Howard

 

 

 

Seller and Seller Representative:

 

 

 

/s/ Timothy Alford

 

By: Timothy Alford

 

 

 

Gammarey, Inc.

 

 

 

By: Timothy Alford

 

 

 

AD Securities America, LLC

 

 

 

/s/ Doug Post

 

By: Doug Post

 

 

 

Global A Brands, Inc.

 

 

 

/s/ Timothy Alford

 

By: Timothy Alford

 

 

 

Mingta Capital, LLC

 

 

 

/s/ Timothy Alford

 

By: Timothy Alford

 

 

 

Spark Capital Investments, LLC

 

 

 

Imran Firoz

 

By: Imran Firoz

 

 

 

2

 

 

EXHIBIT A to Recission Agreement dated May 6, 2022

 

Shareholder

 

Shares of Carbon Zero Asset Management Equity Interests of Sellers to be returned to Sellers

 

 

Shares of Freedom Holdings Common Stock of Buyer to be returned to Buyer

 

Up Capital Pty Limited ATF

Howard Family Trust

 

 

3,000

 

 

 

93,501,819

 

Gammarey, Inc.

 

 

3,000

 

 

 

93,501,819

 

Global A Brands, Inc.

 

 

642

 

 

 

20,000,000

 

Spark Capital Investments, LLC

 

 

500

 

 

 

15,583,637

 

AD Securities America, LLC

 

 

1,396

 

 

 

43,501,819

 

Timothy Alford

 

 

963

 

 

 

30,000,000

 

Mingta Capital, LLC

 

 

500

 

 

 

15,583,636

 

 

 

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