Delivery of Books and Records from Share Purchase Agreement
THIS SHARE PURCHASE AGREEMENT (the "Agreement") is entered into as of this 20th day of September 2013, among Alewine Limited Liability Company, a Nevada limited liability company (the "Seller"), LILM, INC., a Nevada corporation (the "Company"), Kent Campbell ("Campbell"), Denis Espinoza ("Espinoza") and Legal & Compliance, LLC, as Escrow Agent (the "Escrow Agent"). Campbell and Espinoza may hereafter be referred to individually as "Purchaser" and collectively as "Purchasers".
Delivery of Books and Records. At the Closing but in no event later than 14 days therefrom, the Company shall deliver to the Purchaser, the originals of the corporate minute books, books of account, contracts, records, and all other books or documents of the Company now in the possession of the Company or its representatives. The Company SEC Filings. On or before the Closing Date, the Company shall promptly file with the SEC all necessary disclosure statements required by federal securities law and, at the closing or immediately thereafter, the Company and Purchasers will cause to be filed with the SEC all reports and notifications as may be required by the SEC as a result of the transactions contemplated by this Agreement. Designation of Directors and Officer. On the Closing Date: (a) Kent Campbell will take the position of Chief Executive Officer and Director with the Company, Denis Espinoza will take the position of President, Chief Operating Officer and Director with the Company (c) the existing officer, George I. Norman, III, shall tender his resignation from all officer positions, other than CFO and Mr. Norman shall remain as a member of the Company's board of directors (d) Jessie Scott Bean shall have resigned as a Director of the Company and (e) Laurie Jo Norman shall resign as a Director of the Company. Indemnification.