STOCK PURCHASE AGREEMENTConfidential Treatment Requested • December 27th, 2011 • Kranem Corp • Retail-catalog & mail-order houses • California
THIS Restricted Stock Purchase Agreement (the “Agreement”), to be effective on November 1, 2011 (the “Effective Date”), is by and between Adora ICT Srl, an Italian corporation (the “Company”), Kranem Corporation, a Colorado corporation (the “Purchaser”), Massimo Santangelo who is the Chief Executive Officer (Amministratore Unico) of the Company (“Mr. Santangelo”), Cristina Carra (“Mrs. Carra”), an individual, who owns 50 % of the Company, and E-Company Srl (“E-Company”), represented by its Chief Executive Officer (Amministratore Unico), Mr. Giovanni Fiori, which owns 50% of the Company, (Mrs. Carra with E-Company, the “Sellers”). The Company, the Purchaser, Mr. Santangelo, Mrs. Carra and E-Company are hereinafter sometimes referred to collectively as the “Parties” and individually as a “Party.”
