STOCK PURCHASE AGREEMENT
THIS STOCK PURCHASE AGREEMENT (this "Agreement") is entered into as
of May 11, 2012, by and among TUCANA LITHIUM CORP., a Nevada company (the "Parent"), PAY BY THE DAY COMPANY INC., a
Ontario corporation (the "Company") and JORDAN STARKMAN, President,
Chief Executive Officer, Secretary and the sole director of Parent and President of the
Company("Starkman").
RECITALS
WHEREAS, Parent owns 100% of the issued and outstanding common shares of the Company (the "Shares");
WHEREAS, Starkman desires to purchase from Parent, and Parent desires to sell to Starkman the
Shares, and in exchange, Starkman desires to assume the Assumed Liabilities (as defined below) of
the Company.
NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants set forth
herein and for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto, intending to be legally bound hereby, do hereby agree as
follows:
1.
Parent hereby sells to
Starkman, and Starkman hereby purchases from the Parent, the Shares.
2.
In consideration for
the purchase of the Shares pursuant to Section 1 above and subject to the terms and conditions
set forth herein, Starkman contemporaneously herewith assumes and agrees to pay, perform and
discharge any and all the liabilities and obligations of the Company (the "Assumed Liabilities").
3.
Parent, hereby
represents and warrants to Starkman that it owns, of record and beneficially, and has good and
marketable title to the Shares, all of which are free and clear of all liens, charges and
encumbrances.
4. In the event that any provision of this Agreement is invalid or
unenforceable under any applicable statute or rule of law, then such provision shall be
