AGREEMENT AND PLAN OF REORGANIZATION
This AGREEMENT AND PLAN OF REORGANIZATION (the or this "Agreement") is made and entered into effective as of April 28, 2020,
by and among CLIKIA CORP., a Nevada corporation ("Parent"), MAISON LUXE, INC., a Wyoming corporation wholly owned by Parent ("Buyer"),
and MAISON LUXE, LLC, a Delaware limited liability company ("Seller"). Parent, Buyer and Seller are the only Parties to this Agreement
and are collectively referred to herein as the "Parties," each a "Party."
RECITALS
A. Seller's members have adopted a plan of liquidation and dissolution (the "Seller's Plan of Liquidation and Dissolution"),
which contemplates the wind-up of Seller's business affairs, liquidation or other disposition of its assets, satisfaction or other
disposition of its liabilities, dissolution of Seller as a business entity and, upon such dissolution, transfer of Seller's remaining assets
to its members.
B. Buyer desires to purchase from Seller and Seller desires to sell to Buyer, in a transaction qualifying as a Tax-free sale
of assets-for-stock reorganization of Seller under Internal Revenue Code (the "Code") Section 368(a)(1)(C) and Section 368(a)(2)(D),
substantially all of Seller's assets relating to, required for, used in or otherwise constituting Seller's Business (as defined below) in
exchange for the assumption of certain liabilities relating to the Business and the issuance of shares of Buyer's Common Stock as provided
for herein.
C. The respective Boards of Directors of each of Parent and Buyer, on the one hand, and the members of Seller, on the other
hand, have determined that this Agreement and the transactions contemplated hereby are in furtherance of and consistent with their respective
business strategies and in the best interests of their respective equity owners.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing Recitals, each of which is incorporated in this Agreement as an essential term
hereof, and the covenants, promises and representations set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties agree as follows:
I. PURCHASE OF ASSETS AND ASSUMPTION OF CERTAIN LIABILITIES
A. PURCHASE AND SALE OF ASSETS. Subject to the terms and conditions of this Agreement and except for the Excluded Assets as
defined in Section 1.2, Seller agrees to transfer, convey, assign and deliver to Buyer on the Closing Date (as defined in Section 2.3 below),
and Buyer agrees to buy from Seller, free and clear of all encumbrances, all of Seller's right, title and interest in and to all of the following
assets wherever situated as of the Closing Date (collectively, the "Acquired Assets") relating to Seller's fine time pieces and jewelry
wholesale business (the "Business"):
1. Fixed Assets. All fixed assets owned by Seller that are used in the Business, including, without limitation, all
machinery and equipment, tooling, molds, dies, instruments, furniture, trade fixtures, office equipment, automobiles, trucks and other vehicles,
video guides, circuit boards, the supplies and tools used to repair such equipment, and goods and other tangible personal property of Seller,
including any and all policy manuals relating to such equipment, all personalty, and all records pertaining thereto (collectively, the "Fixed
Assets").
2. Assumed Contracts. All assignable rights Seller may have under any and all agreements, contracts, licenses and leases
and pending orders pertaining to the Business that Buyer is to assume ("Assumed Contracts").
3. Deposits. Seller shall retain all of Seller's deposits including, without limitation, any lease deposits.
4. Inventory. All inventory (the "Inventory") used in the Business.
5. Marketing and Reference Materials. Any and all marketing and reference materials utilized in the Business, including,
without limitation, any and all product literature and/or brochures, marketing "leads", telephone numbers and similar assets utilized by Seller
in the conduct of the Business.
6. Goodwill and Trade Names. The Business and associated goodwill of Seller related to the Business as a going concern and
all rights of Seller to use the name "Maison Luxe".
7. Intellectual Property. All rights under any patent application, patent, trademark, service xxxx, trade dress, trade name
or copyright, whether registered or unregistered, internet domain name, including social media accounts, and any applications therefor; and all
technologies, methods, schematics, drawings, formulations, data bases, trade secrets, know-how, inventions and other intellectual property used
in the Business or under development; and all computer software (including documentation and related object and source codes) (collectively, the
"Intellectual Property").
8. Other Assets. Any and all other assets and properties of Seller of every kind, character and description, whether tangible,
intangible, real, personal or mixed, and wherever located or by whomever possessed related to the Business, including, without limitation, spare
parts, supplies on hand, all financial accounting and business related books and records pertaining to the Business, or any of the Acquired Assets
(provided that Seller and Seller's accountant shall be permitted to retain copies of all records of Seller), existing advertising, technical
manuals, any and all policy and/or procedure manuals relating to the Business, all rights under express or implied warranties relating to the
Acquired Assets, and all information and records (including, without limitation, personnel records to the extent not prohibited by law), whether
reduced to physical form or otherwise, acquired for, used in, or in any way primarily related to the Business.
B. EXCLUDED ASSETS. Buyer shall not assume or be liable for, and Seller shall retain, discharge and perform, any and all liabilities
and obligations of Seller attributable to the Business or the Acquired Assets, including, without limitation, the following (collectively, the
"Excluded Liabilities"):
1. Any liability, expense or cost relating to claims against Seller that are attributable to the Business for personal injury
or property damage arising from or relating to, in whole or in part, any event occurring prior to Closing;
2. Any liability or obligation of Seller arising from or relating to services provided, goods produced, sold or distributed by
Seller prior to Closing;
3. Any liability or obligation of Seller for loans or other debts of Seller;
4. Any liability or obligation of Seller in relation to any real estate owned or operated by Seller;
5. Any liability or obligation of Seller under any equipment, automobile or other vehicle lease or in relation to any equipment
or automobile or other vehicle owned or operated by Seller;
6. Any liability or obligation of Seller to any employee, distributor, representative or agent of Seller for compensation or
other benefits earned or accrued prior to Closing;
7. Any liability or obligation of Seller to any party affiliated with Seller;
8. Any obligation of Seller for Taxes (as hereinafter defined) (including interest and penalties) imposed by any state, federal
or other entity arising from, on, or out of the ownership, use or operation of the Acquired Assets prior to Closing, or arising from, on, or out of
the sale or conveyance by Seller of the Acquired Assets pursuant to this Agreement;
9. Any obligation of Seller for expenses incurred in connection with the sale or conveyance of the Acquired Assets pursuant to
this Agreement, including, without limitation, the fees and expenses of attorneys, accountants, brokers and other advisors and agents;
10. Any other liability, contract, commitment or obligation (whether known or unknown, fixed or contingent, liquidated or
unliquidated, now existing or hereafter arising), arising out of or relating to the ownership, use or operation of the Acquired Assets prior to
Closing; and
11. Any liability or obligation of Seller arising under this Agreement.
C. LIMITED ASSUMPTION OF SELLER LIABILITIES; EXCLUDED LIABILITIES. Notwithstanding anything herein to the contrary, Buyer shall assume
and be liable for the liabilities (each an "Assumed Liability") listed on Schedule I.C attached hereto and made a part hereof. Buyer responsible to
obtain any and all required consents or assignments of each Assumed Liability. Seller shall cooperate with Buyer in obtaining any consents required in
connection with any of the Assumed Liabilities.
D. INSTRUMENTS OF TRANSFER. The sale, assignment, transfer, conveyance and delivery of the Acquired Assets shall be made by such bills of
sale, patent and trademark assignment documentation and other recordable instruments of assignment, transfer and conveyance as Buyer shall reasonably
request.
E. SALES AND OTHER TAXES. Seller shall be responsible for, and shall pay or cause to be paid, any and all sales, use, documentary,
recording and similar transfer Taxes attributable to the purchase of the Acquired Assets contemplated by this Agreement. Buyer shall cooperate with
Seller to the extent reasonably requested to minimize such Taxes.
II. PURCHASE PRICE AND THE CLOSING
A. PURCHASE PRICE. As consideration for the Acquired Assets, on the Closing Date, Parent shall issue to Seller 3,00,0000 shares of Parent's
Common Stock (the "Closing Shares").
B. THE CLOSING. The transactions contemplated by this Agreement shall be consummated (the "Closing") at the offices of Seller on or before
May 8, 2020, or at such other time or place as the Parties shall mutually agree (the "Closing Date"). The Closing shall be effective at 12:01 a.m. on the
Closing Date.
1. Actions at the Closing. At the Closing:
a. Parent shall deliver to Seller one or more stock certificates, as directed by Seller, representing (in the aggregate)
the Closing Shares;
b. Seller shall execute and deliver to Buyer the Xxxx of Sale and Assignment of Acquired Assets (Exhibit 2.B.1.b) and all
other bills of sale, endorsements, assignments and other instruments as Buyer shall reasonably request or as necessary or appropriate to sell, convey,
assign, transfer and deliver to Buyer good title, free and clear of all liens or encumbrances to all the Acquired Assets and to evidence the due execution,
delivery and performance of the Agreement and satisfaction of the conditions to the obligations of Buyer under this Agreement (collectively, the "Collateral
Agreements");
c. Each of Buyer and Seller shall deliver such documents and instruments as reasonably requested and required by the other
Party as is customary for a transaction of this kind and type in order to properly effect the transactions contemplated hereby.
C. PURCHASE PRICE ALLOCATION. Promptly following the Closing, Buyer shall prepare a mutually agreed allocation of the purchase price in
accordance with Section 1060 of the Code. Buyer shall consult with Seller on same before finalizing such allocation. Each of the Parties agrees to report
this transaction for state, federal and other Tax purposes in accordance with this final allocation of the purchase price and not to file any Tax Return or
report or otherwise take a position with federal, state or other tax authorities which is inconsistent with such allocation.
III. REPRESENTATIONS AND WARRANTIES REGARDING SELLER, BUSINESS AND ACQUIRED ASSETS
Seller represents and warrants to Buyer as follows as of the date of this Agreement and the Closing Date:
A. GOOD STANDING AND AUTHORITY.
1. Seller is a corporation organized, existing and in good standing under the laws of the State of Wyoming and is in good standing and
qualified to do business as a foreign corporation in the states where its operations require it to be so qualified.
2. Seller has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated
hereby. At the Closing, the execution and delivery of this Agreement by Seller and the consummation by Seller of the transactions contemplated by this Agreement
shall have been duly authorized by all requisite corporate action of Seller, including, but not limited to, approval of the transaction by the members of Seller.
This Agreement has been duly executed and delivered by and shall constitute the valid and binding obligations of Seller enforceable in accordance with its
terms, subject to and limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other Applicable Laws and equitable principles relating to
or affecting creditor's rights.
B. TITLE TO AND CONDITION AND SUFFICIENCY OF ACQUIRED ASSETS. Seller has good and marketable title to all of the Acquired Assets, all of the
Acquired Assets are free and clear of restrictions on or conditions to transfer or assignment, and, at the Closing, Seller shall sell, convey, assign, transfer
and deliver to Buyer title to the Acquired Assets, free and clear of any mortgages, liens, pledges, encumbrances, claims, conditions and restrictions, of any
nature whatsoever, direct or indirect, whether accrued, absolute, contingent or otherwise.
C. NON-CONTRAVENTION. Neither the execution or the delivery of this Agreement, nor the consummation of the transactions contemplated by this
Agreement, shall (i) violate any Applicable Law, Injunction, judgment, order, decree, ruling, charge or other restriction of any Governmental Body to which
Seller or the Acquired Assets is subject or any provision of the articles of incorporation or bylaws of Seller, or (ii) conflict with, result in a breach
of, constitute a default under, result in the acceleration of, create in any Person the right to accelerate, terminate, modify or cancel, or require any
notice under any agreement, contract, lease, license, instrument, lien, security interest or other arrangement to which Seller is a party or by which Seller
is bound or to which any of the Acquired Assets is subject (or result in the imposition of any security interest upon any of its assets) except where such
violation, conflict, breach, default, acceleration, termination, modification, cancellation, failure to give notice or security interest would not have a
Material Adverse Effect on the Acquired Assets or on the ability of Seller to consummate the transactions contemplated by this Agreement. Seller does not
need to give any notice to, make any filing with, or obtain any authorization, consent or approval of any Governmental Body in order for the Parties to
consummate the transactions contemplated by this Agreement.
D. COMPLIANCE WITH APPLICABLE LAW; LITIGATION. Seller is in compliance with all Applicable Laws the violation of which would have a Material
Adverse Effect on the Acquired Assets or on the ability of Seller to consummate the transactions contemplated by this Agreement. There is no action, suit,
Proceeding or, to the Knowledge of Seller, investigation in progress or pending before any Governmental Body, and there is no threat thereof against or relating
to Seller or its properties, assets or Business, nor, to the Knowledge of Seller, is there any basis for any such claim, suit or other Proceeding which might
have a Material Adverse Effect on the Acquired Assets. There is no suit, action or other Proceeding, or to the Knowledge of Seller any investigation, commenced,
pending or threatened against or affecting Seller in or before any Governmental Body, in which it is sought to restrain, prohibit or otherwise adversely affect
the ability of Seller to perform any or all of the obligations required of it under this Agreement or the consummation of the transactions contemplated by this
Agreement.
E. TAX MATTERS. To the extent relevant to the Acquired Assets or the Business, Seller has prepared and timely filed all required federal, state,
local and foreign returns, estimates, information statements and reports relating to any and all Taxes concerning or attributable to Seller, the Acquired Assets
or the operations of the Business and such Returns are true and correct and have been completed in accordance with Applicable Law.
F. BOOKS AND RECORDS. The books and records of Seller related to the Business and the Acquired Assets are accurate in all material respects, have
been materially maintained in accordance with Applicable Laws and with generally accepted practices and standards in the jurisdiction(s) in which Seller operates,
are in Seller's possession or under its control.
G. INDEBTEDNESS; GUARANTEES. Seller has no indebtedness for money borrowed or for the deferred purchase price of property or services, capital lease
obligations, conditional sale or other title retention agreements relating to the Acquired Assets or the Business. Seller is not a guarantor or otherwise liable
for any liability or obligation of any Person.
H. INSOLVENCY. No insolvency Proceedings of any character, including bankruptcy, receivership, reorganization, composition or arrangement with
creditors, voluntary or involuntary, affecting the Business or any of the Acquired Assets are pending or are threatened, and Seller has not made any assignment
for the benefit of creditors, or taken any other action which would constitute the basis for the institution of such insolvency Proceedings.
I. ABSENCE OF UNDISCLOSED LIABILITIES. Seller has no material liabilities, contingent or otherwise.
J. CERTAIN BUSINESS PRACTICES. Neither Seller nor any of its directors, officers, agents or Employees has (i) used any funds for unlawful
contributions, gifts, entertainment or other unlawful expenses related to political activity, (ii) made any unlawful payment to foreign or domestic government
officials or employees or to foreign or domestic political parties or campaigns or violated any provision of the Foreign Corrupt Practices Act of 1977, as amended,
or (iii) made any other unlawful payment.
K. INFORMATION SUPPLIED. None of the information supplied or to be supplied by Seller contains any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they are made, not
misleading to shareholders of Seller with respect to the transactions contemplated by this Agreement.
IV. REPRESENTATIONS AND WARRANTIES OF PARENT AND BUYER
Parent and Buyer represents and warrants to Seller as follows:
A. ORGANIZATION. Each of Parent and Buyer is a corporation organized, existing and in good standing under the laws of the State of Nevada and the
State of Wyoming, respectively, and each is in good standing and qualified to do business as a foreign corporation where there operations so require.
B. AUTHORITY. Each of Parent and Buyer has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions
contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized
by all requisite corporate action on the part of each of Parent and Buyer. This Agreement has been duly executed and delivered by and constitutes the valid and
binding obligation, enforceable in accordance with its terms, of each of Parent and Buyer.
C. CAPITALIZATION OF PARENT. The authorized capital stock of Parent consists of 500,000,000 shares of Parent Common Stock, $.00001 par value per
share and 5,000,000 shares of Series A Super Voting Preferred Stock. As of the date hereof, 156,211 shares of Parent Common Stock and 2,000,000 shares of Series
A Super Voting Preferred Stock are issued and outstanding, all of which are validly issued, fully paid and non-assessable. No shares of capital stock of Parent
are held in the treasury of Parent or by subsidiaries of Parent. Each of the outstanding shares of capital stock of each of Parent's corporate subsidiaries is
duly authorized, validly issued, fully paid and non-assessable and such shares owned by Parent are owned free and clear of all security interests, liens, claims,
pledges, agreements, limitations on Parent's voting rights, charges or other encumbrances of any nature whatsoever.
D. AUTHORIZATION. At or prior to the Closing, any and all additional corporate action on the part of each of Parent and Buyer, its respective
officers, directors and equity owners necessary for the authorization, execution, delivery and performance of this Agreement and the consummation of the
transactions contemplated herein, and for the authorization, issuance and delivery of the Parent Common Stock to Buyer, shall be, or shall have been, taken.
E. COMPLIANCE WITH LAW. Each of Parent and Buyer is in compliance with all Applicable Laws, and has not violated any Applicable Laws, to the extent
any such violation might have a Material Adverse Effect upon Buyer. Each of Parent and Buyer has all licenses, permits, certificates and authority from
Governmental Bodies which are necessary for the conduct of its business, which the failure to obtain would have a Material Adverse Effect upon Parent and Buyer.
F. GOVERNMENTAL CONSENTS. No consents, approvals, orders, authorizations, registrations, qualifications, designations, declarations or filings with
any Governmental Body, stock exchange or Nasdaq are required on the part of Parent or Buyer in connection with the execution, delivery or performance of this
Agreement and the consummation of the transactions contemplated herein.
H. LITIGATION. As of the date of this Agreement, to Parent's and Buyer's Knowledge, there are no pending actions, suits, Proceedings, investigations or
claims against Parent or Buyer which would have a Material Adverse Effect on Parent or Buyer or their respective businesses.
I. DISCLOSURE. Parent and Buyer have furnished or made available to Seller true and complete copies of each statement, report, schedule, registration
statement and definitive proxy or information statement filed by Buyer with OTC Markets and the SEC since December 31, 2018 (the "Parent Documents"), which are all
the documents that Buyer was required to file with OTC Markets and the SEC since such date. None of the Parent Documents contained any untrue statement of a
material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading.
V. ADDITIONAL AGREEMENTS
A. OPERATION OF BUSINESS BY SELLER. Between the date of this Agreement and the Closing Date, unless otherwise agreed in writing by Buyer, Seller shall
conduct the Business in the ordinary course of business consistent with past practice.
B. CONDUCT PRIOR TO CLOSING. Except as otherwise expressly permitted by this Agreement, excluding all transactions entered into and services provided
in the Ordinary Course of Business, Seller shall not, without the prior written consent of Buyer, take any action to impair, encumber, create a lien against or
otherwise adversely affect the Business or the Acquired Assets; sell or otherwise transfer or dispose of any of the Acquired Assets to any Third Party; enter into
any contract relating to any of the Acquired Assets.
C. PUBLIC DISCLOSURE. Subject to the public disclosure obligations of Parent under Applicable Laws, other than with the other Party's written consent,
no Party shall issue any statement or communication to any Third Party regarding the subject matter of this Agreement or the transactions contemplated hereby,
including, if this Agreement is terminated and the reasons therefor.
D. ACTIONS AND OMISSIONS FOR "C" REORGANIZATION. Parent and Buyer shall not take or omit to take any action which does or could have the effect of
disqualifying the transactions contemplated by this Agreement for the favorable Tax treatment and result desired under Code Section 368(a)(1)(C) and Section
368(a)(2)(D) and the regulations thereunder.
VI. CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER
The obligations of Seller to consummate and effect this Agreement and the transactions contemplated hereby shall be subject to the satisfaction at the
Closing of each of the following conditions:
A. APPROVALS. Seller's members shall have approved Seller's Plan of Liquidation and Dissolution and this Agreement and the transactions contemplated
by this Agreement.
B. REPRESENTATIONS, WARRANTIES AND COVENANTS. The representations and warranties of Buyer in this Agreement shall be true and correct on and as of
the Closing Date as though such representations and warranties were made on and as of such date.
C. NO LITIGATION. No action, suit, or Proceeding shall be pending or threatened before any government entity, domestic or foreign, to restrain or
prohibit, or to obtain specific damages in respect of this Agreement or the consummation of the transactions contemplated hereby and which may have a Material
Adverse Effect on the Acquired Assets or the Business.
D. DELIVERIES. Parent and Buyer shall have delivered to Seller executed copies of this Agreement and a stock certificate representing 3,000,000
shares of Parent Common Stock in the name of Seller.
VII. CONDITIONS PRECEDENT TO OBLIGATIONS OF PARENT AND BUYER
The obligations of Parent and Buyer to consummate and effect this Agreement and the transactions contemplated hereby shall be subject to the satisfaction
at the Closing of each of the following conditions:
A. REPRESENTATIONS, WARRANTIES AND COVENANTS. The representations and warranties of Seller in this Agreement shall be true and correct on and as of
the Closing Date as though such representations and warranties were made on and as of such date and Seller shall have performed and complied with all covenants,
obligations and conditions of this Agreement required to be performed and complied with by it as of the Closing Date.
B. DELIVERIES. Seller shall have delivered to Parent and Buyer executed copies of this Agreement, delivered, transferred, assigned or licensed to
Buyer (as the case may be) all of the Acquired Assets.
C. NO MATERIAL ADVERSE EFFECT. There shall not have occurred any event or exist any circumstance or condition of any character (including, without
limitation, any bankruptcy or equivalent Proceeding involving Seller or any other Proceeding challenging, threatening, or seeking to enjoin this Agreement or any
of the transactions contemplated hereunder) that has had or could reasonably be expected to have a Material Adverse Effect on the Business or Acquired Assets
since the date of this Agreement.
VIII. SURVIVAL OF REPRESENTATIONS AND WARRANTIES
The representations and warranties of Seller contained in this Agreement shall terminate one (1) year after the Closing Date. The representations and
warranties of Parent and Buyer contained in this Agreement shall terminate one (1) year after the Closing Date.
IX. TERMINATION, AMENDMENT AND WAIVER
A. TERMINATION. This Agreement may be terminated and the transactions contemplated hereby abandoned at any time prior to the Closing: by the written
agreement of the Parties; by either Buyer or Seller, if the Closing has not occurred by June 30, 2020; by Buyer, if it is not in material breach of its obligations
under this Agreement and there has been a material breach of any representation, warranty, covenant or agreement contained in this Agreement on the part of Seller;
by Seller, if it is not in material breach of its obligations under this Agreement and there has been a material breach of any representation, warranty, covenant
or agreement contained in this Agreement on the part of Parent and Buyer; by Buyer, if there shall have occurred any event or there shall exist any condition or
circumstance of any character with respect to Seller that has had a Material Adverse Effect; by Seller, if there shall have occurred any event or there shall
exist any condition or circumstance of any character with respect to Buyer that has had or is reasonably likely to have a Material Adverse Effect; or by Buyer
or Seller if a court of competent jurisdiction or other Governmental Body shall have issued a final and non-appealable order, decree, judgment, Injunction or
similar ruling, or shall have taken any other action, having the effect of permanently restraining, enjoining or otherwise prohibiting any of the transactions
contemplated by this Agreement.
B. EFFECT OF TERMINATION. In the event of termination of this Agreement as provided herein, this Agreement shall forthwith become void and there shall
be no liability or obligation on the part of any Party hereto or its affiliates, officers, directors, stockholders, shareholders or members, as the case may be.
X. GENERAL PROVISIONS
A. NOTICES. All notices or other communications which are required or may be given pursuant to the terms of this Agreement shall be in writing and
shall be deemed duly given (i) upon receipt delivered personally to the recipient, or (ii) one (1) business day after being sent to the recipient by overnight
delivery via a national commercial delivery service (charges prepaid), or (iii) upon receipt after being mailed by certified or registered mail (postage prepaid
and return receipt requested), or (iv) one (1) business day after being sent to the recipient by facsimile (with acknowledgment of complete transmission) to the
Parties at the following addresses (or at such other address for a Party as shall be specified by like notice). No facsimile transmission shall be effective as
aforesaid absent such notice being sent by one of the other aforementioned methods in clauses (i)-(iii) immediately above. A Party may subsequently change the
address and addressee of any notice by giving a notice in the manner described.
If to Parent: Clikia Corp.
0 Xxxxxx Xxxxx, 0xx Xxxxx
Xxxx Xxx, Xxx Xxxxxx 00000
If to Buyer: Maison Luxe, Inc.
0 Xxxxxx Xxxxx, 0xx Xxxxx
Xxxx Xxx, Xxx Xxxxxx 00000
If to Seller: Maison Luxe, LLC
0 Xxxxxx Xxxxx, 0xx Xxxxx
Xxxx Xxx, Xxx Xxxxxx 00000
B. EXPENSES. Parent, Buyer and Seller shall each bear their own respective expenses incurred in connection with the preparation and negotiation of
this Agreement, including, without limitation, all legal, accounting, financial advisory, consulting and all other fees and expenses of Third Parties involving
the negotiation and effectuation of the terms and conditions of this Agreement and the transactions contemplated hereby.
C. ENTIRE AGREEMENT. This Agreement and the documents and instruments and other agreements among the Parties referenced in this Agreement constitute
the entire agreement among the Parties with respect to its subject matter and supersede, merge and void all prior agreements and understandings both written and
oral, among the Parties with respect to such subject matter.
D. SEVERABILITY. If any provision of this Agreement or the application of such provision, becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, the remainder of this Agreement shall continue in full force and effect and the application of such provision to other
Persons or circumstances shall be interpreted so as to effect the intent of the Parties to the maximum extent possible. The Parties further agree to replace
such void or unenforceable provision of this Agreement with a valid and enforceable provision that shall achieve, to the extent possible, the economic, business
and other purposes of such void or unenforceable provision.
E. OTHER REMEDIES. Except as set forth in and limited by the terms of this Agreement, any and all remedies in this Agreement expressly conferred upon
a Party shall be deemed cumulative with and not exclusive of any other remedy conferred by this Agreement, and the exercise by a Party of any one remedy shall not
preclude the exercise of any other remedy under this Agreement. No Party or other beneficiary of this Agreement shall have or exercise any remedies that are not
specifically granted or authorized pursuant to this Agreement.
F. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Nevada, regardless of the
laws that might otherwise govern under applicable principles of conflicts of laws thereof.
G. THIRD PARTY BENEFICIARIES. This Agreement shall not confer any rights or remedies upon any Person other than the Parties to this Agreement and
their respective successors and permitted assigns.
H. EQUITABLE REMEDIES. The Parties agree that irreparable damage may occur in the event that any of the provisions of this Agreement is or are not
performed in accordance with their specific terms or are otherwise breached, and any Party shall be entitled to seek an Injunction or Injunctions to prevent
breaches of this Agreement and to seek specific performance to enforce the terms and provisions of this Agreement in any court of the United States or any state
having jurisdiction, in addition to any other remedy to which they are entitled under this Agreement.
I. COUNTERPARTS AND FACSIMILE/ELECTRONIC SIGNATURE. This Agreement may be executed in one or more facsimiles, counterparts or electronic signature
counterparts of any form, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts, facsimiles or
electronic signatures have been executed by each of the Parties and delivered to the other Party, it being understood that all Parties need not sign the same
counterpart, facsimile or form of electronic signature.
J. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and
permitted assigns, except nothing in this Agreement is to be construed as an authorization or right of any Party to assign its rights and delegate its duties
under this Agreement without the prior written consent of the other Parties hereto.
K. WAIVER. The terms, conditions, warranties, representations and indemnities contained in this Agreement, including the documents, instruments
and agreements executed and delivered by the Parties pursuant hereto, may be waived only by a written instrument executed by the Party waiving compliance.
Any such waiver shall only be effective in the specific instance and for the specific purpose for which it was given, unless it so provides otherwise by its
terms, and shall not be deemed a waiver of any other provision hereof or of the same breach or default upon any recurrence thereof. A Party's failure to
exercise or delay the exercise of any right hereunder shall not operate as a waiver thereof nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other right.
L. HEADINGS. The headings of the articles, sections and subsections of this Agreement are intended for the convenience of the Parties only and
shall in no way be held to explain, modify, construe, limit, amplify or aid in the interpretation of the provisions hereof. The terms "this Agreement,"
"hereof," "herein," "hereunder," "hereto" and similar expressions refer to this Agreement as a whole and not to any particular article, section, subsection
or other portion hereof.
M. AMENDMENTS. No purported amendment or modification of any provision of this Agreement or any of the documents,
instruments or agreements to be executed by the Parties pursuant hereto shall be effective unless in a writing specifically referring to this Agreement and
signed by all of the Parties hereto.
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.
PARENT:
CLIKIA CORP.
By: /s/ XXXX XXXXXX
Xxxx Xxxxxx
CEO
BUYER:
MAISON LUXE, INC.
(a Wyoming corporation)
By: /s/ XXXX XXXXXX
Xxxx Xxxxxx
President
SELLER:
MAIZON LUXE, LLC
(a Delaware limited liability company)
By: /s/ XXXX XXXXXX
Xxxx Xxxxxx
Member/Manager
