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ASSET PURCHASE AGREEMENT

BY AND AMONG

NET PROFITS TEN, INC.,

WORLD MOTO (THAILAND) CO., LTD.,

CHRIS ZIOMKOWSKI,

AND

PAUL GILES

 

Dated as of September 1, 2012

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TABLE OF CONTENTS

      Page         ARTICLE I DEFINITIONS   1   SECTION 1.1 Certain Definitions.
1   SECTION 1.2 Calculation of Time Period 4   SECTION 1.3 Dollars 5   SECTION
1.4 Exhibits/Schedules 5   SECTION 1.5 Gender and Number 5   SECTION 1.6
Headings 5   SECTION 1.7 Herein 5   SECTION 1.8 Including 5   SECTION 1.9 No
Drafting Presumptions 5 ARTICLE II PURCHASE AND SALE   5   SECTION 2.1 Agreement
to Purchase and Sell 5   SECTION 2.2 Assumption of Assumed Liabilities 7 ARTICLE
III PURCHASE PRICE; EARN-OUT; ALLOCATIONS; ADJUSTMENTS   8   SECTION 3.1
Purchase Price; Payments 8   SECTION 3.2 Valuation of Purchase Price 9 ARTICLE
IV CLOSING AND TERMINATION   9   SECTION 4.1 Closing Date 9   SECTION 4.2
Termination of Agreement 9   SECTION 4.3 Effect of Termination 10 ARTICLE V
REPRESENTATIONS AND WARRANTIES OF SELLER AND OFFICERS   10   SECTION 5.1
Organization and Good Standing 10   SECTION 5.2 Authorization 10   SECTION 5.3
Conflicts; Consents of Third Parties 11   SECTION 5.4 Intellectual Property;
Proprietary Rights; Software 11   SECTION 5.5 Sufficiency 15   SECTION 5.6
Material Contracts; Assumed Contracts 15   SECTION 5.7 Litigation 16   SECTION
5.8 Compliance with Laws 16

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TABLE OF CONTENTS
(continued)

      Page           SECTION 5.11 [reserved] 16   SECTION 5.12 No Questionable
Payments 16   SECTION 5.13 Brokers, Finders and Investment Bankers 16 SECTION
5.14 Transactions With Affiliates; Sharing of Assets, Continuity of Operations
16   SECTION 5.15 Records. 17   SECTION 5.16 Taxes 17   SECTION 5.17 Sale of
Products. 17   SECTION 5.18 Purchase Entirely for Own Account. 17   SECTION 5.19
Disclosure of Information. 17   SECTION 5.20 Restricted Securities. 18   SECTION
5.21 Lock-Up. 18   SECTION 5.22 Legend 19   SECTION 5.23 Full Disclosure 19  
SECTION 5.24 Representation 19 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF
PURCHASER   19   SECTION 6.1 Organization and Good Standing 19   SECTION 6.2
Authorization of Agreement 20   SECTION 6.3 Conflicts; Consents of Third Parties
20   SECTION 6.4 Litigation 20   SECTION 6.5 Capitalization. 20   SECTION 6.6
SEC Reports and Financial Statements. 21   SECTION 6.7 Brokers, Finders and
Investment Bankers 22 ARTICLE VII COVENANTS   22   SECTION 7.1 No Solicitation
of Transactions 22   SECTION 7.2 Conduct of the Business Pending the Closing 22
  SECTION 7.3 Consents; Shareholder Consent. 23   SECTION 7.4 Information of
Seller to Purchaser. 23   SECTION 7.5 Further Assurances 23   SECTION 7.6 Change
of Name of Purchaser. 23

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TABLE OF CONTENTS
(continued)

      Page           SECTION 7.7 Confidentiality. 23   SECTION 7.8 Publicity 23
  SECTION 7.9 Use of Seller Names 24   SECTION 7.10 Non-competition;
Non-solicitation 24   SECTION 7.11 Information and Documents 25   SECTION 7.12
Post-Closing Financing. 25   SECTION 7.13 Pre-Closing Services. 26 ARTICLE VIII
CONDITIONS TO CLOSING; CLOSING DELIVERIES   26   SECTION 8.1 Conditions
Precedent to Obligations of Purchaser 26   SECTION 8.2 Conditions Precedent to
Obligations of Seller 27   SECTION 8.3 Seller’s Closing Deliveries 29   SECTION
8.4 Purchaser’s Closing Deliveries 29   SECTION 8.5 Frustration of Closing
Conditions 29 ARTICLE IX MISCELLANEOUS   29   SECTION 9.1 Payment of Sales, Use
or Similar Taxes 29   SECTION 9.2 Expenses 29   SECTION 9.3 Submission to
Jurisdiction; Consent to Service of Process 30   SECTION 9.4 Entire Agreement;
Amendments and Waivers 30   SECTION 9.5 Governing Law 30   SECTION 9.6 Notices
30   SECTION 9.7 Severability 31   SECTION 9.8 Binding Effect; Assignment; Third
Party Beneficiaries 31   SECTION 9.9 Counterparts 32   SECTION 9.10 Waiver of
Jury Trial 32   SECTION 9.11 Performance 32

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Exhibits

Exhibit 1.1(a)(1)

Assumption Agreement for Debt - to be provided at Closing

Exhibit 1.1(a)(2)

Bill of Sale and Assignment – to be provided at Closing

Exhibit 5.12

Lock up Agreement

Exhibit 8.3(a)

Patent Assignments for Product Patents – to be provided at Closing (Note: this
is only the assignment from World Moto Thailand to Net Profits.)

Schedules

Schedule 2.1(b) Patent Rights Schedule 2.1(c) Copyrights and Website Domain
Names Schedule 2.1(d) Trademarks Schedule 5.4(b) Products and Software Schedule
5.4(c) Proprietary Rights and Agreements, Licenses, Sublicenses, Assignments
Schedule 5.4(e) Exceptions Schedule 5.4(f) Infringements Schedule 5.4(g)
Software Source Code Publications Schedule 5.4(h) Exclusive Right to Software
Schedule 5.4(i) Interference with Contract Schedule 5.4(k) Web Site and Other
Rights Limitations Schedule 5.4(m) Employees Without Work For Hire Agreements
Schedule 5.4(n) Applicable Law Exception Schedule 5.5 Sufficiency exception
Schedule 5.6(b) Material Agreements Schedule 5.14 Transactions with Affiliates
Schedule 8.1(f) Required consents

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ASSET PURCHASE AGREEMENT

                    This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as
of September 1, 2012, is among Net Profits Ten, Inc., a Nevada corporation
(“Purchaser”), World Moto (Thailand) Co., Ltd., a corporation established under
the laws of the Kingdom of Thailand (“Seller”), Chris Ziomkowski, the Chief
Technical Officer of the Seller (“Chris”) and Paul Giles, the Chief Executive
Officer of the Seller (“Paul”). Together Chris and Paul are referred to as the
“Officers.”

                    WHEREAS, Seller has developed and seeks to fund and
commercialize one or more devices to provide metering of rides on motor scooters
and similar types of transportation vehicles, referred to as the Moto-Meters
through the sale of the assets related to the Moto-Meters in a stock purchase
transaction;

                    WHEREAS, Seller proposes to sell to Purchaser, and Purchaser
proposes to purchase from Seller, substantially all of the assets of Seller
related to the Moto-Meters, and Purchaser proposes to assume certain debt
liabilities of Seller, upon the terms and subject to the conditions set forth in
this Agreement; and

                    NOW, THEREFORE, in consideration of the foregoing and the
respective representations, warranties, covenants and agreements hereinafter
contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound
hereby, the parties hereby agree as follows:

ARTICLE I
DEFINITIONS

                                        SECTION 1.1      Certain Definitions.

          (a)      Defined terms used in this Agreement shall have the meanings
ascribed to them by definition in this Agreement or as specified in this Section
1.1:

                    “Affiliate” means, with respect to any Person, any other
Person that, directly or indirectly through one or more intermediaries,
controls, or is controlled by, or is under common control with, such Person, and
the term “control” (including the terms “controlled by” and “under common
control with”) means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of such Person,
whether through ownership of voting securities, by Contract or otherwise.

                    “Ancillary Agreements” means the Bill of Sale and
Assignment, the Assumption Agreement, and the assignments of Proprietary Rights
to be delivered by Seller to Purchaser as contemplated by Section 8.3,.

                    “Assumption Agreement” means the Assumption Agreement from
Purchaser to Seller, substantially in the form as mutually agreed upon by the
parties prior to Closing and to be attached to this Agreement as Exhibit
1.1(a)(1) hereto relating to the Assumed Liabilities.

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                    “Bill of Sale and Assignment” means the Bill of Sale and
Assignment from Seller to Purchaser, substantially in the form as mutually
agreed upon by the parties prior to Closing and to be attached to this Agreement
as Exhibit 1.1(a)(2) hereto.

                    “Business Day” means any day of the year on which national
banking institutions in New York, New York are open to the public for conducting
business and are not required or authorized to close.

                    “CBMZ” means CBMZ Corporation of 1 Sandyport, Nassau, NP,
Bahamas.

                    “Contract” means any contract, subcontract, lease, license,
commitment, sale and purchase order, or other agreement, arrangement or
understanding of any kind, whether written or oral, and whether expressed or
implied.

                     “Governmental Body” means any government or governmental or
regulatory or quasi-governmental entity, body thereof, or political subdivision
thereof, whether federal, state, local, foreign, or supranational, or any
agency, instrumentality or authority thereof, or any court or arbitrator (public
or private).

                    “Indebtedness” means indebtedness for borrowed money or the
equivalent or represented by notes, bonds or other similar instruments or
letters of credit (or reimbursement agreements in respect thereof) or
representing the balance deferred and unpaid of the purchase price of any
property, and including, without limitation, capital lease obligations,
including all accrued and unpaid interest thereon, and applicable prepayment,
breakage or other premiums, fees or penalties and the costs of discharging such
indebtedness.

                    “Indemnified Party” means a Purchaser Indemnified Party or a
Seller Indemnified Party.

                    “Intellectual Property” means know-how, proprietary rights
or other intellectual property, including without limitation trade secrets,
inventions, formulae, processes, databases, patents (including all reissues,
divisions, continuations, continuations in part, and extensions thereof), patent
applications, trademarks, trademark registrations, trademark applications,
service marks, service mark registrations, service mark applications, logos,
copyrights, copyright registrations, copyright applications, web sites and home
pages, universal resource locaters, domain names, all rights to, and all
intellectual property used or necessary to, create, publish, modify or maintain,
any website or home page, customer and advertiser information, mailing and
subscription lists, information not known to the general public, literary works,
whether or not copyrightable, ideas, concepts, designs, drawings, discoveries,
product and service developments, inventions, improvements, processes, software,
programs, source codes and materials, object codes and materials, algorithms,
techniques, technology, technical information, research material, prototypes and
models.

                     “Knowledge of Seller” means the knowledge, after due
inquiry, of the employees and each executive officer and technical officer of
Seller on the date hereof or on the Closing Date with respect to the matters at
hand.

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                    “Laws” means all laws, statutes, common law, rules, codes,
regulations, restrictions, ordinances, orders, decrees, approvals, directives,
judgments, rulings, injunctions, writs, awards, policies, guidance and decrees
of, or issued or entered by, all Governmental Bodies.

                    “Legal Proceeding” means any judicial, administrative,
investigative or arbitral actions, suits or proceedings (public or private) by
or before a Governmental Body.

                    “Lien” means any lien, encumbrance, pledge, mortgage, deed
of trust, security interest, claim, lease, charge, financing statement, option,
right of first refusal, easement, encroachment, assignment of rents, equitable
interest, deposit arrangement, community property interest, servitude or
transfer or other restriction of any kind, including but not limited to, any
restriction on the use, voting, receipt of income or other exercise of any
attribute of ownership.

                    “Material Adverse Effect” means a material adverse effect on
(i) the business, assets, properties, results of operations, condition
(financial or otherwise), or prospects of Seller or the Products, (ii) the value
of the Assets as a whole or the Products individually or a material increase in
the Assumed Liabilities, (iii) the ability of Seller to consummate the
transactions contemplated by this Agreement or perform its obligations under
this Agreement or any of the Ancillary Agreements.

                     “Order” means any order, injunction, judgment, decree,
ruling, writ, assessment or arbitration award of a Governmental Body.

                    “Ordinary Course of Business” means the ordinary and usual
course of business of Seller with respect to its use and operation of the
business of the Seller, consistent with past practice.

                    “Pre-Closing Financing” means the sale of common stock by
Purchaser in an aggregate amount of gross proceeds of $225,000, less any amounts
paid to Seller by Purchaser under the terms of this Agreement as Service Fees
defined in Section 7.13.

                    “Permits” means any approvals, authorizations, consents,
licenses, permits or certificates of a Governmental Body.

                    “Permitted Exceptions” means (i) Liens for assessments or
other governmental charges not yet due and payable and, if not paid by Seller at
or before the Closing, such current taxes shall effect a reduction of the
Closing Date Payment; (ii) Liens that will be released prior to or as of the
Closing; (iii) Liens created by or through Purchaser, and (vi) such other Liens,
if any, disclosed on Schedule 1.1(a)(1), none of which, individually or in the
aggregate, materially interfere with the continued use or operation or value of
the Assets or the Products.

                    “Person” means any individual, corporation, partnership,
firm, joint venture, limited liability company, association, joint-stock
company, trust, unincorporated organization, Governmental Body or other entity.

                    “Post-Closing Financing” means the sale of common stock for
$1,700,000 in gross proceeds.

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                     “Purchase Price” means the aggregate amounts payable to
Seller under Section 3.1.

                    “Purchaser Common Stock” means the shares of common stock,
par value $0.001 per share, of Purchaser.

                    “Purchaser Indemnified Parties” means Purchaser and its
Affiliates, their respective officers, directors, employees, agents and
representatives and the heirs, executors, successors and assigns of any of the
foregoing.

                    “Seller Disclosure Schedules” means the disclosure schedules
prepared by Seller and delivered to Purchaser simultaneously with the execution
and delivery of this Agreement.

                    “Seller Indemnified Parties” means Seller and its
Affiliates, their respective officers, directors, employees, agents and
representatives and the heirs, executors, successors and assigns of any of the
foregoing.

                    “Software” means computer software, whether in the form of
Source Code, object code, executable code, firmware or otherwise, and whether
tangible or intangible, together with all related engineering and product
specifications, schematics, logic diagrams, flow charts, designs, routines,
sub-routines, program and system logic, program architecture, program
documentation, operating instructions, technical and user manuals and training
materials, all updates, upgrades, modifications, enhancements, improvements and
derivatives of the foregoing and all other information and technical data
related to the ownership, use, design, development, testing, enhancement,
support and/or maintenance of the Software.

                    “Tax” or “Taxes” shall mean all taxes, charges, duties,
fees, levies or other assessments, including but not limited to, income, excise,
property, sales, value added, profits, license, withholding (with respect to
compensation or otherwise), payroll, employment, net worth, capital gains,
transfer, stamp, social security, environmental, occupation and franchise taxes,
imposed by any Governmental Body, and including any interest, penalties and
additions attributable thereto.

                    “Tax Return” means all returns, declarations, reports,
estimates, information returns and statements required to be filed in respect of
any Taxes.

                    “Web Site” or “Web Sites” means, individually or
collectively, all web sites of or maintained by or for Seller or the business of
the Seller.

          (b)      Other Definitional and Interpretive Matters. Unless otherwise
expressly provided, for purposes of this Agreement, the following rules of
interpretation shall apply:

                                        SECTION 1.2      Calculation of Time
Period. When calculating the period of time before which, within which or
following which any act is to be done or step taken pursuant to this Agreement,
the date that is the reference date in calculating such period shall be
excluded. If the last day of such period is a non-Business Day, the period in
question shall end on the next succeeding Business Day.

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                                        SECTION 1.3      Dollars. Any reference
in this Agreement to $ or Dollars shall mean United States dollars.

                                        SECTION 1.4      Exhibits/Schedules. The
Exhibits and Schedules to this Agreement are hereby incorporated and made a part
hereof and are an integral part of this Agreement. All Exhibits and Schedules
annexed hereto or referred to herein are hereby incorporated in and made a part
of this Agreement as if set forth in full herein. Any capitalized terms used in
any Schedule or Exhibit but not otherwise defined therein shall be defined as
set forth in this Agreement.

                                        SECTION 1.5      Gender and Number. Any
reference in this Agreement to gender shall include all genders, and words
imparting the singular number only shall include the plural and vice versa.

                                        SECTION 1.6      Headings. The provision
of a Table of Contents, the division of this Agreement into Articles, Sections
and other subdivisions and the insertion of headings are for convenience of
reference only and shall not affect or be utilized in construing or interpreting
this Agreement. All references in this Agreement to any “Article” or “Section”
are to the corresponding Article or Section of this Agreement unless otherwise
specified.

                                        SECTION 1.7      Herein. The words such
as “herein,” “hereinafter,” “hereof,” and “hereunder” refer to this Agreement as
a whole and not merely to a subdivision in which such words appear unless the
context otherwise requires.

                                        SECTION 1.8      Including. The word
“including” or any variation thereof means “including, without limitation” and
shall not be construed to limit any general statement that it follows to the
specific or similar items or matters immediately following it.

                                        SECTION 1.9      No Drafting
Presumptions. The parties hereto have participated jointly in the negotiation
and drafting of this Agreement and the other agreements contemplated hereby and,
in the event an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as jointly drafted by the parties hereto and no
presumption or burden of proof shall arise favoring or disfavoring any party by
virtue of the authorship of any provision of this Agreement.

ARTICLE II
PURCHASE AND SALE

                                        SECTION 2.1      Agreement to Purchase
and Sell. Subject to the terms and conditions of this Agreement, at the Closing,
Seller shall sell, assign, transfer and deliver to Purchaser, and Purchaser
shall purchase and acquire from Seller, the assets owned by Seller or any
Affiliate thereof related to the Moto-Meters, including, without limitation, all
right, title and interest of Seller in and to all patents, patent applications,
copy rights, trade names, service marks, software, drawings, proto-types, mock
ups, specifications, technical knowhow, goodwill, claims and rights of Seller
owned by, used in or necessary for the continued use of the assets, of every
nature, kind and description, tangible and intangible, owned, leased or
licensed, personal or mixed, wherever located and whether or not carried or
reflected on the books and records of Seller, free and clear of all Liens other
than Permitted Exceptions. All of the foregoing are herein collectively referred
to as the “Assets” and include, without limitation, all of the following:

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          (a)      all Software, products and systems produced, developed,
licensed, sold, marketed or distributed by Seller, whether extant, discontinued,
defunct or currently provided or licensed or under development or to be provided
or licensed in the future, and any and all applications, versions, revisions,
operating environments, translations, products, enhancements, extensions and/or
spin-offs relating to or derived from any of the foregoing, and whether embodied
in disc, internet, web-based, electronic, or any other form or medium
whatsoever, and all rights to market, publish, create, provide, develop,
license, sell, distribute, modify, adapt and otherwise exploit any and all of
the foregoing throughout the world, related to the Moto-Meters products (the
foregoing being, collectively, the “Products”);

          (b)      all United States and foreign patents, and applications
therefor, and all patent continuations, continuations in part, reissues and
patent disclosures of Seller (collectively “Patent Rights”), including those set
forth on Schedule 2.1(b), and all inventions (whether or not patentable) and
improvements, of or used by Seller, including those relating to any of the
Products;

          (c)      all United States and foreign copyrights, whether registered
or not, and applications to register the same, of Seller, registered or not, and
where not owned, Seller’s right to use copyrights used or intended to be used by
Seller, and all rights to obtain renewals and extensions of such Copyrights
related to the Products (collectively “Copyrights”) including those set forth on
Schedule 2.1(c), together with all causes of action in favor of Seller or any
prior owner or operator of the Products (and the proceeds thereof) heretofore
accrued or hereafter accruing with respect thereto;

          (d)      all names, titles, trademarks, trade names, service marks,
company names, logos, devices, insignias, formats and designations of Seller or
used or intended for use in connection with any of the Products, and all
trademark registrations and applications therefor, and the goodwill related
thereto (collectively, “Trademarks”), including those set forth on Schedule
2.1(d), together with all causes of action (and the proceeds thereof) in favor
of Seller heretofore accrued or hereafter accruing with respect to any of the
Trademarks;

          (e)      all visual and machine readable embodiments of an algorithm,
mask work rights or computer program of Seller or marketed or used by or for the
Products, including the process or method thereof and the concepts contained
therein, and the representation in the original language in which the program
was coded and any languages into which the same may have been translated,
together with instructions and any other information necessary or convenient to
the compilation and/or editing of such code into object code, including any and
all comments by authors, procedural code (such as job control language) and all
associated Documentation (as hereinafter defined) (collectively, “Source Code”);

          (f)      all documentation, records and software, whether in machine
or visually readable or other tangible form, evidencing, representing or
containing, embodying or related to any Source Code or program or used in or
necessary to the Products, including, without limitation, any manuals,
functional and design specifications, notes on architecture, logic, flow charts,
user and programmer instructions, coding, test suites, test plans, testing
notes, regression suites, error reports and logs, patches and patch
instructions, itemizations of development tools, project history documents and
other technology or information, and all other writings which would be necessary
or helpful to a skilled programmer to create, understand, maintain, modify and
enhance any Source Code (collectively, “Documentation”);

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          (g)      all know-how, trade secrets and other Intellectual Property
of Seller, including, without limitation, all information not known to the
general public, literary works, whether or not copyrightable, vendor, supplier,
customer and license records and other files of Seller or related to the
Products, and each Website or home page of or maintained by or for Seller or the
business of the Seller which relates to or uses any of the Trademarks or
Copyrights, all property and assets (tangible and intangible) used or necessary
to create and publish any such Website or home page, and any and all universal
resource locators (“URLs”) and domain names, of Seller or maintained by or for
the Products (all of the foregoing, together with the Products, Patent Rights,
Copyrights, Trademarks, Source Code and Documentation referred to above being,
collectively, the “Proprietary Rights”);

          (h)      all files, lists, books and records of Seller, relating to
the Products and all prototypes and mock-ups and all manufacturing
specifications and materials, including manufacturing dies, relating to the
Products;

          (i)      all Permits of Seller, if any, throughout the world relating
to the Products (the “Assumed Permits”); and

          (j)      the goodwill of or pertaining to any or all of the Assets
and/or the Products.

                                        SECTION 2.2      Assumption of Assumed
Liabilities.

          (a)      At the Closing, Purchaser shall assume, and agree to pay,
perform, fulfill and discharge the following obligations, and only the following
obligations, of Seller (collectively, the “Assumed Liabilities”):

                    (i)      all obligations and liabilities of the Seller to
Purchaser, if any, which arise or accrue under promissory notes or other
obligations entered into between the date of this Agreement and the Closing
Date; and

                    (ii)      all obligations and liabilities of the Seller to
CBMZ pursuant to those certain promissory notes dated on or about July 2012, in
aggregate principal amount of $75,000, which principal debt and accrued interest
and other expenses will convert into shares of common stock of the Purchaser at
the Closing, at the same rate as the price per share paid by the investors in
the Pre-Closing Financing.

          (b)      Except as provided in Section 2.2(a), Purchaser shall not
assume, in connection with the transactions contemplated hereby, any liability
or obligation of Seller whatsoever, whether known or unknown, disclosed or
undisclosed, accrued or hereafter arising, absolute or contingent, and Seller
shall retain responsibility for all such liabilities and obligations (with all
such unassumed liabilities and obligations referred to herein as the “Excluded
Liabilities”).

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Excluded Liabilities will include, without limitation, any of the following
liabilities and obligations:

                    (i)      any liabilities or obligations for Indebtedness of
Seller;

                    (ii)      any liabilities for foreign, federal, state and
local Taxes of Seller;

                    (iii)      any liabilities or obligations under the Real
Property Lease, the Personal Property Leases or Contracts of the Seller;

                    (iv)      any liabilities or obligations of Seller arising
out of any legal action, suit, proceeding or investigation pending as of the
Closing;

                    (v)      any liabilities or obligations arising out of
Seller’s compliance or non-compliance with any Law;

                    (vi)      any liabilities (other than Assumed Liabilities)
to which Purchaser or any of the other Purchaser Indemnified Parties may become
subject and that arises from or relates to any Product produced or sold or any
services related to the Product performed by Seller prior to Closing;

                    (vii)      any liabilities to the extent arising out of
employment, employment grievances or termination of employment of any persons
employed by Seller, including any workmen’s compensation claims, or any bonus,
retention, severance or similar payment that Seller is obligated to make to any
current or former employee, director, consultant or other Person as a result of
the acquisition of the Assets by the Purchaser;

                    (viii)      any liabilities to the extent Purchaser is
indemnified therefor pursuant to the terms of this Agreement; and

                    (ix)      any liabilities under any employee benefit or
welfare plan covering any present or former employee of Seller or any of its
Affiliates (including, without limitation, any liabilities relating to any
health care plans or benefits).

ARTICLE III
PURCHASE PRICE; EARN-OUT; ALLOCATIONS; ADJUSTMENTS

                                        SECTION 3.1      Purchase Price;
Payments. Subject to and upon the terms and conditions set forth in this
Agreement, as consideration for the sale, assignment, transfer and delivery of
the Assets to Purchaser, Buyer will pay a total price for the Assets as follows:

          (a)      by issuance of an aggregate of shares of the Purchaser Common
Stock (the “Closing Date Payment”), representing 60% of the outstanding shares
of common stock of Purchaser Common Stock immediately after the Closing, which
aforementioned aggregate outstanding Purchaser Common Stock takes into account,
among other things, (i) the issuance of Purchaser Common Stock in the
Pre-Closing Financing, (ii) the conversion into Purchaser Common Stock of any
Assumed Liabilities, (iii) the payment of any finder fees in connection with the
Pre-Closing Financing by the issuance of shares of Purchaser Common Stock, and
(iv) the recapitalization of number of shares of Purchaser Common Stock
outstanding prior to the Closing Date, which Closing Date Payment shares may be
allocated to the shareholders of the Seller or their respective nominees as
determined by the Seller and notified to the Purchaser prior to Closing; and

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          (b)      by the assumption of the Assumed Liabilities.

                                        SECTION 3.2      Valuation of Purchase
Price. The Purchase Price represented by the Purchaser Common Stock issued to
the Seller will have an aggregate value of $100,000. The Purchaser and Seller
have determined this valuation on an arms-length basis, with the understanding
that the Purchaser Common Stock is not readily traded, there has been no volume
in the Purchaser Common Stock, the Purchaser will undergo a recapitalization and
reincorporation and any public quoted market price is not determinative of the
value of the Purchaser Common Stock. Purchaser and Seller shall file their
respective Tax Returns on the basis of such aggregate value, as it may be
amended, and no party shall thereafter take a Tax Return position inconsistent
with such valuation unless such inconsistent position shall arise out of or
through an audit or other inquiry or examination by the IRS or other
Governmental Body. There is no allocation among the Assets with respect to the
value thereof or the purchase price being paid.

ARTICLE IV
CLOSING AND TERMINATION

                                        SECTION 4.1      Closing Date. Subject
to the satisfaction or waiver of the conditions set forth in Sections 8.1 and
8.2 hereof, the closing of the transactions contemplated hereby (the “Closing”)
shall take place at such place and such time as Purchaser and Seller shall agree
on a date to be specified by Purchaser and Seller, which date shall be no later
than the second (2nd) Business Day after the satisfaction or waiver of each
condition to the Closing set forth in Article VIII (other than conditions that
by their nature are to be satisfied at the Closing, but subject to the
satisfaction or waiver of such conditions), unless another time or date, or
both, are agreed to by Purchaser and Seller. The date on which the Closing shall
occur is referred to in this Agreement as the “Closing Date”.

                                        SECTION 4.2      Termination of
Agreement. This Agreement may be terminated as follows:

          (a)      by Seller or Purchaser (by written notice to the other) if
the Closing has not occurred on or before October 31, 2012, for any reason other
than delay or nonperformance of the party seeking such termination;

          (b)      if the Closing has not occurred within five (5) Business Days
following the date on which all of the conditions set forth in Article VIII are
satisfied (other than conditions that by their nature are to be satisfied at the
Closing) or waived because of a party’s refusal to consummate the transactions
contemplated hereby, then by written notice from the other party;

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          (c)      by mutual written consent of Seller and Purchaser;

          (d)      by Seller or Purchaser (by written notice to the other) if
there shall be in effect a final non-appealable Order of a Governmental Body of
competent jurisdiction restraining, enjoining or otherwise prohibiting the
consummation of the transactions contemplated hereby;

          (e)      by written notice from Purchaser to Seller if (x) Purchaser
is not then in material breach of any of its representations, warranties,
covenants or agreements contained in this Agreement, and (y) any of the
conditions set forth in Sections 8.1(a) or 8.1(b) is incapable of fulfillment,
or if the breach that is not waived by Purchaser giving rise to the failure of
any such conditions to be satisfied is capable of being cured, such breach shall
not have been cured within ten (10) days following receipt by Seller of notice
of such breach from Purchaser; or

          (f)      by written notice from Seller to Purchaser if (x) Seller is
not then in material breach of any of its representations, warranties, covenants
or agreements contained in this Agreement, and (y) any of the conditions set
forth in Sections 8.2(a) or 8.2(b) is incapable of fulfillment, or if the breach
that is not waived by Seller giving rise to the failure of any such conditions
to be satisfied is capable of being cured, such breach shall not have been cured
within ten (10) days following receipt by Purchaser of notice of such breach
from Seller.

                                        SECTION 4.3      Effect of Termination.
In the event that this Agreement is validly terminated in accordance with
Section 4.2, then each of the parties shall be relieved of their duties and
obligations arising under this Agreement after the date of such termination and
such termination shall be without liability to Purchaser or Seller; provided,
that (i) no such termination shall relieve any party hereto from liability for
any willful breach of this Agreement and, provided, further, that the
obligations of the parties set forth in Article X hereof shall survive any such
termination and shall be enforceable hereunder, and (ii) no termination shall
impair the right of any party to compel specific performance by any other party
of its obligations under Article X (excluding Section 10.11) of this Agreement.

ARTICLE V
REPRESENTATIONS AND WARRANTIES OF SELLER AND OFFICERS

                         Each of the Seller and each of the Officers, jointly
and severally, represent and warrant to Purchaser that, except as set forth in a
below referenced Seller Disclosure Schedule:

                                        SECTION 5.1      Organization and Good
Standing. Seller is a corporation duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization and has all
requisite power and authority to own, operate, lease and otherwise hold the
Assets and use and operate the Assets as they are now being used, and is duly
qualified or licensed to do business as a foreign entity in each jurisdiction
where the character of the properties owned, leased or operated by it or the
nature of its activities makes such qualification or licensing necessary, except
where the failure to be qualified or licensed or be in good standing would not
have a Material Adverse Effect. Seller does not have any subsidiaries.

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                                        SECTION 5.2      Authorization. Seller
has all requisite power and authority to own the Assets and execute and deliver
this Agreement, the Ancillary Agreements and each other agreement, document, or
instrument or certificate contemplated by this Agreement or to be executed by
Seller in connection with the consummation of the transactions contemplated by
this Agreement, and to perform fully its obligations hereunder and thereby. The
execution and delivery of this Agreement and the Ancillary Agreements by Seller
and the performance by Seller of the transactions contemplated hereby and
thereby have been duly authorized by all requisite action on the part of Seller
and no other limited liability or other proceedings are required in connection
with the execution, delivery and performance of this Agreement or any of the
Ancillary Agreements. This Agreement has been, and each of the Ancillary
Agreements will be at or prior to the Closing, duly and validly executed and
delivered by Seller and (assuming the due authorization, execution and delivery
by the other parties hereto and thereto) this Agreement constitutes, and the
Ancillary Agreements when so executed and delivered will constitute, the legal,
valid and binding obligations of Seller, enforceable against it in accordance
with their terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting creditors’ rights and remedies generally,
and subject, as to enforceability, to general principles of equity, including
principles of commercial reasonableness, good faith and fair dealing (regardless
of whether enforcement is sought in a proceeding at law or in equity).

                                        SECTION 5.3      Conflicts; Consents of
Third Parties.

          (a)      None of the execution and delivery by Seller and the Officers
of this Agreement or the Ancillary Agreements, the consummation of the
transactions contemplated hereby or thereby, or compliance by Seller or the
Officers with any of the provisions hereof or thereof will result in any
violation of or default (with or without notice or lapse of time, or both)
under, or give rise to a right of acceleration, termination or cancellation of
any obligation, modification of any right, or result in the creation of any Lien
upon the Assets, or loss of any benefit under any provision of (i) the
certificate of formation, operating agreement or any comparable organizational
document of Seller; (ii) any material Contract or Permit to which Seller or the
Officers is a party or by which the Assets are bound; (iii) any Order applicable
to Seller or the Officers or by which the Assets are bound; or (iv) any
applicable Law.

          (b)      Other than formalizing the assignment of certain patents by
the Officers to the Seller and obtaining approval of the shareholders of the
Seller for the transaction contemplated by this Agreement, no consent, waiver,
approval, Order, Permit or authorization of, or declaration or filing with, or
notification to, any Person (under any Contract or otherwise) or Governmental
Body is required on the part of Seller or the Officers in connection with the
execution and delivery of this Agreement or the Ancillary Agreements or the
compliance by Seller with any of the provisions hereof or thereof, or the
consummation of the transactions contemplated hereby or thereby (the “Required
Consents”).

                                        SECTION 5.4      Intellectual Property;
Proprietary Rights; Software.

     (a)           (i) Schedule 2.1(b) sets forth a true and complete list of
all Patent Rights of Seller, (ii) Schedule 2.1(d) sets forth a true and complete
list of all Trademarks of Seller, including those relating to the Products, and
(iii) Schedule 2.1(c) sets forth a true and complete list of all registered
Copyrights of Seller, in each case including all applications for the same and
indicating the registered or other owner, expiration date and number, if any.
Schedule 2.1(c) also sets forth all Websites of or maintained by or for Seller
or its business, and all assumed or fictitious names under which Seller or its
Affiliates is or has ever conducted any of its business.

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          (b)      Schedule 5.4(b) contains (i) a true and complete list of all
Products and Software owned or purported to be owned by Seller or any Affiliate
for license to others (“Seller Software”), and all other Software published,
marketed licensed from others, supported used or maintained by Seller or any
Affiliate (the “Licensed Software”), and (ii) an accurate description of any
Software code, in whatever form embodied, which are included in or with any of
Seller Software or the Licensed Software and which requires the consent (whether
subject to royalty or otherwise) of any Person other than Seller or any
Affiliate in order for any of the same to be sold, transferred, used, licensed,
updated, enhanced or modified or integrated with other Software by Seller,
Purchaser, any Affiliate or any other Person; provided that Schedule 5.4(b) need
not list Software licensed to Seller or any Affiliate that are commercially
available at minor cost to the general public and subject to customary
“shrink-wrap” license agreements.

          (c)      Schedule 5.4(c) contains a true and complete list of all
Contracts, licenses, sublicenses, assignments and indemnities (other than
customary end-user licenses and in-bound agreements for licensing of
“off-the-shelf” software) which relate to the Proprietary Rights or the Products
(the “Proprietary Rights Agreements”). True and complete copies of all of the
Proprietary Rights Agreements have been made available to Purchaser. All of the
Proprietary Rights Agreements are in full force and effect (unless expired in
accordance with their terms) and enforceable against Seller and, to Seller’s
Knowledge, the applicable counterparty in accordance with their terms, and there
is no violation or default by Seller and, to Seller’s Knowledge, by the
counterparties, under the Proprietary Rights Agreements. No event has occurred
or circumstance exists which with notice or lapse of time or both would
constitute an event of default of Seller, or give rise to a right of termination
or cancellation of Seller, or result in the loss or adverse modification of any
right or benefit of Seller under any of the Proprietary Rights Agreements,
including, without limitation, the transactions contemplated by this Agreement.
No party to any Proprietary Rights Agreement has given Seller written notice of
any material breach or default under any thereof. No amount payable or reserved
under any Proprietary Rights Agreement has been assigned by Seller and, no claim
of offset or defense to payment of any amount under a Proprietary Rights
Agreement has been asserted against Seller.

          (d)      Except as specifically disclosed in Schedules 5.4(b), and
5.4(c) hereto, Seller either: (i) owns all the Proprietary Rights and Seller
Software, or (ii) has the perpetual, royalty-free and unrestricted right to use
the same anywhere in the world and in any medium, platform or language in each
case free and clear of any Liens, and no part of the Proprietary Rights or
Seller Software, including without limitation any Source Code, is subject to or
held in escrow or in any third party’s possession.

          (e)      Except as set forth on Schedule 5.4(e), (i) all registrations
for Patent Rights, Copyrights and Trademarks required to be identified pursuant
to Section 2.1 are valid and in force, and all applications to register any
Patent Rights or unregistered Copyrights and Trademarks so identified are
pending and in good standing, all without challenge of any kind, and (ii) Seller
has the sole and exclusive right to bring actions for infringement or
unauthorized use of any of the Proprietary Rights, and, to the Knowledge of
Seller and the Officers, there is no material basis for any such action. Correct
and complete copies of: (x) registrations for all Patent Rights and registered
Copyrights and Trademarks identified in Schedule 2.1(b), 2.1(c) and 2.1(d), and
(y) all pending applications to register unregistered Copyrights and Trademarks
required to be identified pursuant to Section 2.1(b) have heretofore been
delivered or made available by Seller to Purchaser. Schedule 5.4(e) sets forth a
list of all actions that are required to be taken by Seller or Purchaser within
120 days of the Closing Date with respect to any of the Proprietary Rights
(including any required filings, registrations, fees or other required payments)
in order to avoid prejudice to, or impairment or abandonment of, such
Proprietary Rights.

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          (f)      Except as disclosed in Schedule 5.4(f), no infringement of
any Intellectual Property, or rights thereto of any other Person has occurred or
results in any way by Seller or from any aspect of the Products. Except as
disclosed in Schedule 5.4(f), Seller has not received written notice of any
claim against Seller, any Affiliate or any predecessor owner of the business of
the Seller that any of the Products, Programs, or the Assets of or marketed or
used by Seller infringes any Intellectual Property or rights thereto of any
other Person.

          (g)      Except as disclosed in Schedule 5.4(g) hereto, there has been
no publication or distribution or delivery by Seller or, to Seller’s Knowledge,
any other Person of any of the Source Code of any of the Seller Software that
could in any way affect the right of Seller or any Affiliate to seek, assert or
enforce copyright or trade secret protection for such Seller Software. With
respect to the Contracts pertaining to any Seller Software entered into by or
binding upon Seller or any Affiliate, Seller and such Affiliate have licensed
the Seller Software and not sold any thereof, thus retaining all ownership of
the underlying software, and no exclusive license, nor any other license other
than non-exclusive licenses to end-users in the Ordinary Course of Business and
on customary terms and conditions, has been granted in respect to any of the
Products or the Seller Software.

          (h)      Except as disclosed in Schedule 5.4(h), (i) Seller has the
exclusive right to develop, publish, market, license and sell all of the Seller
Software, (ii) no Person other than Seller may develop, publish, market, license
or sell all or any part of the Seller Software without the prior consent of
Seller (exercisable in its sole discretion) and Seller has not given any such
consent, and (iii) Seller owns all right, title and interest in and to the
Seller Software and the exclusive right to apply for copyright and patent
protection therefor.

          (i)      Except as disclosed in Schedule 5.4(i), Seller is not a party
to or bound by any Contract or understanding relating to or which is reasonably
likely to interfere with the full exploitation of any rights or property by
Purchaser or which restricts its right to enter into this Agreement or to
perform in accordance herewith. Seller has not entered into any agreement which
involves the publication, development, manufacture, license or marketing of any
computer software or product in competition with, or which competes or is
reasonably likely to compete with, any of the Seller Software.

          (j)      Seller has, and on the Closing Date Purchaser will have, the
right to use all Proprietary Rights in the manner used by Seller. Neither the
Seller nor the Officers have any Knowledge of any infringement or unlawful,
unauthorized or conflicting use of or by any of the Proprietary Rights.

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          (k)      Except as disclosed in Schedule 5.4(k), Seller owns or
possesses the perpetual, world-wide, royalty-free, fully assignable right to (i)
operate each Web Site as presently conducted, and (ii) use, display, perform,
publish, disseminate, transmit and distribute the content and other information
displayed, published, performed, disseminated, transmitted or distributed by
Seller on or through each Web Site and to disseminate, transmit, distribute,
market, sell or license the information, products and services disseminated,
transmitted, marketed, sold or licensed on or through each Web Site.

          (l)      No transaction heretofore engaged in by Seller has, and none
of the transactions contemplated by this Agreement will, require or obligate
Seller to provide, sell, license, assign or transfer any Products, Source Code
or Proprietary Rights to any Person.

          (m)      No Person who has performed services in connection with the
development and/or enhancement of any of the Seller Software, or any other
Proprietary Rights, whether as employee, consultant or as independent
contractor, nor any other past or present employee of Seller or any Affiliate,
holds any proprietary or other ownership rights with respect to Seller Software.
Except as disclosed in Schedule 5.4(m), each employee, agent, consultant or
contractor who has contributed to or participated in the creation or development
of any Seller Software or any copyrightable, patentable or trade secret material
on behalf of the Seller or any predecessor in interest thereto either: (i) is a
party to a “work-for-hire” agreement under which Seller is deemed to be the
original owner/author of all property rights therein; or (ii) has executed an
enforceable assignment in favor of Seller (or such predecessor in interest, as
applicable) of all right, title and interest in all of the same.

          (n)      Except as indicated in Schedule 5.4(n), Seller has complied
in all material respects with all applicable Laws relating to, and all rules,
policies and procedures established by Seller from time to time with respect to,
privacy, data protection and the collection and use of personally identifiable
information and user information gathered or accessed in the course of its
operations, and no claim alleging a violation of any Person’s privacy, personal
or confidentiality rights under any of such Laws, policies or procedures has
been asserted or, to the Knowledge of any Seller, threatened against Seller or
the Assets.

          (o)      Seller has established in accordance with general industry
standards data back-up procedures which are complied with, and hardware back-up
and disaster prevention facilities which are suitable, to minimize the effects
on Seller of human error or other circumstances resulting in computer hardware,
software or data failure.

          (p)      All technical information developed by and belonging to
Seller has been kept confidential, except where the failure to keep such
information confidential will have a Material Adverse Effect.

          (q)      Seller does not believe it is or will be necessary for
Purchaser to utilize any inventions, trade secrets or proprietary information of
any of Seller’s former or current employees made prior to their employment by
Seller, except for inventions, trade secrets or proprietary information that
have been assigned to Seller.

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                                        SECTION 5.5      Sufficiency. Except as
set forth on Schedule 5.5 the Assets constitute all of the assets, properties,
interests and rights necessary for the continued development, manufacturing,
functioning, marketing, and servicing the Products as contemplated as of the
date of this Agreement.

                                        SECTION 5.6      Material Contracts;
Assumed Contracts.

          (a)      Seller is not a party to or bound by any agreements described
as follows:

                    (i)      any Contract or commitment to pay or receive any
royalty, license or management fees relating to the Products or any of the other
Assets;

                    (ii)      any Internet or Website related Contracts other
than those that are included in the Assets;

                    (iii)      any Contract for research or development with
respect to Software or other Intellectual Property relating to the Products;

                    (iv)      any Contract containing covenants which limit or
restrict (or purport to limit or restrict) the ability of Seller to develop,
manufacture, market or service the Products or any other trade or business in
any geographic area, or which contain a covenant binding (or purporting to be
binding) upon Seller or, from and after the Closing, Purchaser or any of its
Affiliates not to compete in respect of the Products (including non-competition,
exclusive dealing, and customer non-solicitation agreements);

                    (v)      any Contract establishing a joint venture or
partnership with respect to the Products; or

                    (vi)      any Contract relating to sales agency, supply,
broker, purchase, distribution, sales representation, advertising, promotional,
support, maintenance, outsourcing, manufacture and fulfillment agreements or
franchises, to which Seller is a party or by which Seller is bound in respect of
the Products.

          (b)      Seller has made available to Purchaser prior to the date of
this Agreement true, correct and complete copies of each Contract relating to or
comprising the Assets, including the Products (collectively referred to herein
as the “Material Contracts”), which are set forth on Schedule 5.6(b).

          (c)      All Material Contracts are enforceable in accordance with
their terms against Seller and, to the Knowledge of Seller, the other parties
thereto, in each case subject to applicable bankruptcy, insolvency,
reorganization, moratorium and similar laws affecting creditors’ rights and
remedies generally, and subject, as to enforceability, to general principles of
equity, including principles of commercial reasonableness, good faith and fair
dealing (regardless of whether enforcement is sought in a proceeding at law or
in equity). Seller is not (with or without the lapse of time or the giving of
notice, or both) in material breach of any Material Contract and, to the
Knowledge of Seller, no other party to any Material Contract is (with or without
the lapse of time or the giving of notice, or both) in material breach
thereunder.

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                                        SECTION 5.7      Litigation. There are
no (a) investigations by a Governmental Body pending or, to the Knowledge of
Seller or the Officers, threatened against Seller or the Assets or (b) Legal
Proceedings or Orders entered by, involving, pending against or, to the
Knowledge of Seller or the Officers, threatened, against Seller or the Assets.

                                        SECTION 5.8      Compliance with Laws.

          (a)      Seller is, and at all times in the past two (2) years has
been, in material compliance with all Laws, including those applicable to the
ownership and operation of the Products.

          (b)      Seller has not received within the past two (2) years any
written notice from a Governmental Body that it or the operation of the business
of the Seller or the Assets is in violation of any such Laws or authorizations
of any Governmental Body.

                                        SECTION 5.11      [reserved].

                                        SECTION 5.12      No Questionable
Payments. Neither Seller nor any director, officer, agent, employee or other
Person associated with or acting on behalf of Seller has: used any corporate
funds for unlawful contributions, gifts, entertainment or other unlawful
expenses relating to political activity; made any unlawful payment to foreign or
domestic government officials or employees or to foreign or domestic political
parties or campaigns from corporate funds; or violated any provision of the
Foreign Corrupt Practices Act of 1977, as amended.

                                        SECTION 5.13      Brokers, Finders and
Investment Bankers. Neither Seller, nor any officer, member, director or
employee of Seller, nor any Affiliate of Seller, nor any stockholder of Seller
has employed any broker, finder or investment banker or incurred any liability
for any investment banking fees, financial advisory fees, brokerage fees or
finders’ fees in connection with the transactions contemplated hereby.
Specifically excluded from this representation is a fee of $25,000 payable in
shares of Purchaser Common Stock to CBMZ in connection with the Pre-Closing
Financing which is the responsibility of the Purchaser.

                                        SECTION 5.14      Transactions With
Affiliates; Sharing of Assets, Continuity of Operations.

          (a)      Other than as set forth in Schedule 5.14, neither Seller nor
any director, officer, stockholder or other Affiliate of Seller will,
immediately following the Closing:

                    (i)      own or control, or have any interest in, any of the
Assets, or be a party to any Assumed Liability;

                    (ii)      have any material contractual or other claim,
express or implied, of any kind whatsoever against or in respect of the Assets;
or

                    (iii)      be engaged in any transaction with any potential
customer, supplier or manufacturer of the Products.

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          (b)      There are no assets, rights or services provided to Seller
prior to the Closing which are necessary for the continued development, design,
manufacture, packaging and marketing and use by customers of the Products that
are not included in the Assets.

                                        SECTION 5.15      Records. The books and
records of Seller relating to the Assets are and have been prepared in the
Ordinary Course of Business and appropriately reflect the operations and
transactions thereof in all material respects in respect of the Assets, and
there has been no transaction involving any of the Assets which properly should
have been set forth therein and which has not been accurately so set forth.

                                        SECTION 5.16      Taxes.

          (a)      All Tax Returns due to have been filed by Seller in
accordance with all applicable Laws have been duly filed and are true, correct
and complete in all material respects. Any Tax required to have been withheld or
collected by Seller has been duly withheld and collected, and (to the extent
required) each such Tax has been paid to the appropriate Governmental Body.

          (b)      All Taxes, deposits and other payments for which Seller has
liability (whether or not shown on any Tax Return) have been timely paid in full
or are accrued in full as liabilities for Taxes on the books and records of
Seller.

          (c)      Except for Permitted Exceptions, there are no Liens for Taxes
with respect to any of the Assets or the Products, nor is there any such Lien
that is pending or, to the Knowledge of Seller, threatened.

                                        SECTION 5.17      Sale of Products. Each
Product that has been sold by or on behalf of Seller to any Person and warranted
by Seller conformed and complied in all material respects with the terms and
requirements of any applicable warranty of Seller. Each Product that has been
sold and warranted by Seller to any Person conformed and complied in all
material respects with the terms and requirements of all applicable Law. Seller
will not incur or otherwise become subject to any liability arising directly or
indirectly from any Product manufactured or sold by or on behalf of Seller on or
at any time prior to the Closing Date, other than bugs, fixes and warranty
claims in the Ordinary Course of Business. To Seller’s Knowledge, no Product
manufactured or sold by or on behalf of Seller has at the time of such sale been
the subject of any recall or other similar action.

                                        SECTION 5.18      Purchase Entirely for
Own Account. The shares of Purchaser Common Stock issuable hereunder are being
acquired by Seller for its own account, not as a nominee or agent, and not with
a view to the resale or distribution of any part thereof, and Seller has no
present intention of selling, granting any participation in, or otherwise
distributing the same. Notwithstanding the foregoing, the Seller may distribute
the Purchaser Common Stock to its shareholders as part of a plan of distribution
or dividend, provided that the distribution or dividend complies with any
regulatory or statutory exemption available under the United States securities
laws, including but not limited to Regulation S.

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                                        SECTION 5.19      Disclosure of
Information. Seller for itself and on behalf of its shareholders has had an
opportunity to discuss Purchaser’s business, management, financial affairs and
the terms and conditions of the offering of the shares of Purchaser Common Stock
with Purchaser’s management, and has had an opportunity to review Purchaser’s
public filings under federal securities Laws at www.sec.gov. In addition to the
foregoing, Seller acknowledges that it has had the opportunity to review and
consider this Agreement and the provisions, terms and effects hereof with tax
and financial advisors of its choosing and that neither Purchaser nor any Person
employed by or representing or advising Purchaser has made any representations,
warranties or assurances of any kind to Seller (other than those set forth in
this Agreement regarding the potential tax, financial or legal implications of
this Agreement or any of the transactions or other agreements provided for
herein or connected herewith.

                                        SECTION 5.20      Restricted Securities.
Seller understands and in the event of a distribution of the Purchaser Common
Stock by the Seller will inform the distributees that the shares of Purchaser
Common Stock have not been, and will not be, registered under the Securities Act
of 1933, as amended (the “Securities Act”), by reason of a specific exemption
from the registration provisions of the Securities Act which depends upon, among
other things, the bona fide nature of the investment intent and the accuracy of
the representations and warranties of the recipient of the Purchaser Common
Stock as expressed herein. Seller understands and in the event of a distribution
of the Purchaser Common Stock by the Seller will inform the distributees that
the shares of Purchaser Common Stock are “restricted securities” under
applicable U.S. federal and state securities Laws and that, pursuant to these
Laws, the holder of the Purchaser Common Stock must hold such securities
indefinitely unless they are registered with the Securities and Exchange
Commission and qualified by state authorities, or an exemption from such
registration and qualification requirements is available. Seller acknowledges
and in the event of a distribution of the Purchaser Common Stock by the Seller
will inform the distributees that Purchaser has no obligation to register or
qualify the shares of Purchaser Common Stock for resale and if an exemption from
registration or qualification is available, it may be conditioned on various
requirements including, but not limited to, the time and manner of sale, the
holding period for the securities, and on requirements relating to Purchaser
which are outside of the control of holder of the Purchaser Common Stock, and
which Purchaser is under no obligation and may not be able to satisfy.

                                        SECTION 5.21      Lock-Up. Seller agrees
and understands that the Purchaser Common Stock received by the Seller as the
Closing Date Payment will be subject to a lock-up of one year from and after the
Closing Date, and if any of the Purchaser Common Stock held by the Seller is
distributed to any other person during the period of the lock-up, such transfer
on the books and records of the Purchaser will not take place until the
recipient of those shares agrees in writing to the equivalent terms of this
lock-up. Additionally, any holder of the Purchaser Common Stock who takes any of
the Purchaser Common Stock during the period of the lock-up directly from or
through a distributee of the Seller, must first agree in writing to the terms of
this provision before the transfer will take place on the books and records of
the Purchaser in the form as attached hereto as Exhibit 5.21. As part of the
lock-up, the Seller, and any direct or subsequent distributee of the Seller,
will not directly or indirectly (i) offer, pledge, sell, contract to sell, sell
any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend or otherwise transfer or
dispose of any shares of Common Stock or any securities convertible into or
exercisable or exchangeable for Common Stock, whether now owned or hereafter
acquired by the undersigned or with respect to which the undersigned has or
hereafter acquires the power of disposition, or (ii) enter into any swap or
other agreement, arrangement or transaction that transfers to another, in whole
or in part, directly or indirectly, any of the economic consequence of ownership
of any Common Stock or any securities convertible into or exercisable or
exchangeable for any Common Stock.

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                                        SECTION 5.22      Legend. Seller
understands that the securities issuable hereunder and any securities issued in
respect of or exchange for such securities, if applicable, may bear the
following legend, whether such securities are held by the Seller or any
distribute of the Seller:

> > > > “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
> > > > UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT
> > > > AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION
> > > > THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN
> > > > EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF
> > > > COUNSEL IN A FORM SATISFACTORY TO THE ISSUER IN ITS SOLE DISCRETION THAT
> > > > SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.”

                                        SECTION 5.23      Full Disclosure.
Neither this Agreement nor any of Ancillary Agreements, the information set
forth in the Disclosure Schedule, and all other information regarding Seller and
its business, condition, assets, liabilities, operations, financial performance
and net income delivered or to be delivered by Seller in connection with the
transactions contemplated in this Agreement, in the aggregate and to Seller’s
and Officers’ Knowledge, contains or will contain any untrue statement of fact
and neither this Agreement nor any of Ancillary Agreements, the information set
forth in the Disclosure Schedule or such other information in the aggregate,
omits or will omit to state any material fact necessary to make any of the
representations, warranties or other statements or information contained therein
not misleading in light of the circumstances under which they were made.

                                        SECTION 5.24      Representation. Each
of the Seller and the Officers have been represented by counsel and tax
professionals from time to time during the negotiations and drafting of this
Agreement, and have determined that the extent of the involvement of their
professional advisers is sufficient for them to make an informed decision
concerning the terms of this Agreement and its obligations and consequences.
Each of the Seller and the Officers understand that Golenbock Eiseman Assor Bell
& Peskoe LLP represents the Purchaser only.

ARTICLE VI
REPRESENTATIONS AND WARRANTIES OF PURCHASER

                    Purchaser represents and warrants to Seller that:

                                        SECTION 6.1      Organization and Good
Standing. Purchaser is a corporation duly organized, validly existing and in
good standing under the laws of its jurisdiction of incorporation and has all
requisite power and authority to own, operate, lease and otherwise hold its
assets and to carry on its business as it is now being conducted, except where
the failure to do so would not have a material adverse effect.

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                                        SECTION 6.2      Authorization of
Agreement. Purchaser has all requisite corporate power and authority to execute
and deliver this Agreement, the Ancillary Agreements and each other agreement,
document, instrument or certificate contemplated by this Agreement or to be
executed by Purchaser in connection with the consummation of the transactions
contemplated hereby and thereby, including the Ancillary Agreements, and to
perform fully its obligations hereby and thereby. The execution, delivery and
performance by Purchaser of this Agreement and each Ancillary Agreement has been
duly authorized by all necessary corporate action on behalf of Purchaser. This
Agreement has been, and each Ancillary Agreement will be at or prior to the
Closing, duly executed and delivered by Purchaser, and (assuming the due
authorization, execution and delivery by the other parties hereto and thereto)
this Agreement constitutes, and each Ancillary Agreement when so executed and
delivered will constitute, the legal, valid and binding obligations of
Purchaser, enforceable against Purchaser in accordance with its terms, subject
to applicable bankruptcy, insolvency, reorganization, moratorium and similar
laws affecting creditors’ rights and remedies generally, and subject, as to
enforceability, to general principles of equity, including principles of
commercial reasonableness, good faith and fair dealing (regardless of whether
enforcement is sought in a proceeding at law or in equity).

                                        SECTION 6.3      Conflicts; Consents of
Third Parties.

          (a)      None of the execution and delivery by Purchaser of this
Agreement or the Ancillary Agreements, the consummation of the transactions
contemplated hereby or thereby, or compliance by Purchaser with any of the
provisions hereof or thereof will conflict with, or result in any violation of
or default (with or without notice or lapse of time, or both) under, or give
rise to a right of termination or cancellation under, any provision of (i) the
certificate of incorporation and bylaws of Purchaser; (ii) any material Contract
or Permit to which Purchaser is a party or by which any of the properties or
assets of Purchaser are bound; (iii) any Order applicable to Purchaser or by
which any of the properties or assets of Purchaser are bound; or (iv) any
applicable Law.

          (b)      Other than the required filings with the Securities and
Exchange Commission of the United States and FINRA, no consent, waiver,
approval, Order, Permit or authorization of, or declaration or filing with, or
notification to, any Person or Governmental Body is required on the part of
Purchaser in connection with the execution and delivery of this Agreement or the
Ancillary Agreements or the compliance by Purchaser with any of the provisions
hereof or thereof.

                                        SECTION 6.4      Litigation. There are
no Legal Proceedings pending or, to the knowledge of Purchaser, threatened that
are reasonably likely to prohibit or restrain the ability of Purchaser to enter
into this Agreement or consummate the transactions contemplated hereby.

                                        SECTION 6.5      Capitalization.

          (a)      The authorized capital stock of Purchaser, as of the Closing
Date, will consist of no more than 500,000,000 shares of Purchaser Common Stock
and 50,000,000 shares of Purchaser Preferred Stock. As of March 31, 2012 and the
date of this Agreement, 4,808,000 shares of Purchaser Common Stock were issued
and outstanding and no preferred stock was outstanding. All of the issued and
outstanding shares of Purchaser Common Stock are, and all shares reserved for
issuance will be, upon issuance in accordance with the terms specified in the
instruments or agreements pursuant to which they are issuable, duly authorized,
validly issued, fully paid and non-assessable. Except as provided in this
Agreement, there is no outstanding subscription, contract, convertible or
exchangeable security, option, warrant, call or other right obligating Purchaser
to issue, sell, exchange, or otherwise dispose of, or to purchase, redeem or
otherwise acquire, shares of, or securities convertible into or exchangeable
for, capital stock of Purchaser.

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          (b)      To Purchaser’s Knowledge, there are no voting trusts,
stockholder agreements or other voting arrangements that have been entered into
among the stockholders of Purchaser.

          (c)      The Purchaser Common Stock, upon issuance in accordance with
this Agreement, will be duly authorized, validly issued, fully paid and
non-assessable.

          (d)      Except as contemplated in the Covenants, there are no
outstanding contractual obligations of Purchaser to repurchase, redeem or
otherwise acquire any shares of capital stock or any capital stock of Purchaser
or to provide funds to, or make any investment (in the form of a loan, capital
contribution or otherwise) in or to any other person.

                                        SECTION 6.6      SEC Reports and
Financial Statements. Purchaser provided to the Seller prior to the execution of
this Agreement by direction to the EDGAR website maintained by the United States
Securities and Exchange Commission (the “SEC”) a true and complete copy of each
form, report, schedule, registration statement, definitive proxy or information
statement and other document (together with all amendments thereof and
supplements thereto) filed or required to be filed by Purchaser or any of its
Subsidiaries with the SEC since January 1, 2011 (as these documents have since
the time of their filing been amended or supplemented, the “Purchaser SEC
Reports”). Purchaser did not file any reports with the SEC except as set forth
on the SEC’s EDGAR website. As of their respective dates, the Purchaser SEC
Reports (i) complied as to form in all material respects with all applicable
requirements of the Securities Act or the Exchange Act, as the case may be, and
(ii) did not contain any untrue statement of a material fact or omit 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. The audited consolidated financial statements and unaudited
interim consolidated financial statements (including, in each case, the notes,
if any, thereto) included in the Purchaser SEC Reports (the “Purchaser Financial
Statements”) complied as to form in all material respects with the published
rules and regulations of the SEC with respect thereto, were prepared in
accordance with generally accepted accounting principles applied on a consistent
basis during the periods involved (except as may be indicated therein or in the
notes thereto and except with respect to unaudited statements as permitted by
Form 10-Q of the SEC) and fairly present (subject, in the case of the unaudited
interim financial statements, to normal, recurring year-end audit adjustments
which are not expected to be, individually or in the aggregate, materially
adverse to Purchaser taken as a whole) the consolidated financial position of
Purchaser as at the respective dates thereof and the consolidated results of
their operations and cash flows for the respective periods then ended.

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                                        SECTION 6.7      Brokers, Finders and
Investment Bankers. Except for the fee of $25,000 to be paid in shares of
Purchaser Common Stock, at a rate equivalent to the price of shares purchased by
the investors in the Pre-Closing Financing which is the responsibility of the
Purchaser, neither Purchaser, nor any officer, member, director or employee of
Purchaser, nor any Affiliate of Purchaser, nor any stockholder of Purchaser has
employed any broker, finder or investment banker or incurred any liability for
any investment banking fees, financial advisory fees, brokerage fees or finders’
fees in connection with the transactions contemplated hereby.

ARTICLE VII
COVENANTS

                                        SECTION 7.1      No Solicitation of
Transactions. Until the earlier of the Closing or the termination of this
Agreement pursuant to Section 4.2, Seller shall not, directly or indirectly,
through any stockholder, officer, director, manager, professional advisor or
agent of any of them or otherwise, initiate, solicit or encourage (including by
way of furnishing non-public information or assistance), or enter into
discussions or negotiations of any type, directly or indirectly, or enter into a
confidentiality agreement, letter of intent or other similar Contract with any
Person other than Purchaser with respect to a sale of all or any substantial
portion of Seller, the business of the Seller or the Assets, any joint venture,
any sale of equity ownership of Seller or any other business arrangement,
amalgamation, merger or otherwise (an “Acquisition Transaction”). Seller shall,
and shall cause each of its stockholders, officers, directors, managers and
agents to, immediately discontinue any ongoing discussions or negotiations with
any Person (other than Purchaser) relating to a possible Acquisition
Transaction.

                                        SECTION 7.2      Conduct of the Business
Pending the Closing.

          (a)      Prior to the Closing, except as required by applicable Law,
as otherwise contemplated by this Agreement or with the prior written consent of
Purchaser, Seller shall operate only in the Ordinary Course of Business.

          (b)      Without limiting the generality of the foregoing, except as
required by applicable Law, as otherwise contemplated by this Agreement or with
the prior written consent of Purchaser, Seller shall not:

                    (i)      subject any of the Assets to any Lien, except for
Permitted Exceptions;

                    (ii)      dispose of or permit to lapse any ownership and/or
right to the use of any Proprietary Rights or other Intellectual Property or
enter into any Contract relating to the research, development or license of any
Intellectual Property;

                    (iii)      sell, transfer, lease or license, or agree to
sell, transfer, lease or license, any of the Assets to any Person except in the
Ordinary Course of Business;

                    (iv)      enter into any new Contract, renew, extend or
modify any existing Contract, terminate or fail to renew any existing Contract
relating to the Products, outside the Ordinary Course of Business;

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                    (v)      develop, market or distribute Products, outside the
Ordinary Course of Business;

                    (vi)      take any action that would reasonably be expected
to cause any of the representations and warranties of Seller set forth in this
Agreement not to be true and correct as of the date of such action or as of the
Closing or otherwise prevent, materially delay or materially impede the
consummation of the transactions contemplated herein; or

                    (vii)      authorize any of, or commit or agree to do,
anything prohibited by this Section 7.2.

                                        SECTION 7.3      Consents; Shareholder
Consent. Seller shall use commercially reasonable efforts to obtain at the
earliest practicable date all consents and approvals required to consummate the
transactions contemplated by this Agreement, including but not limited to
adoption by the board of directors and the shareholders of the Seller of all
approvals required for the transfer of the Assets pursuant to the governing law
applicable to and constituent documents of the Seller.

                                        SECTION 7.4      Information of Seller
to Purchaser. Seller, as requested by the Purchaser will provide to Purchaser
all such information as may be necessary to satisfy its obligations to report
and/or implement the transactions contemplated by this Agreement in its reports,
schedules and other documentation to be filed with the SEC and Finra/OTC and to
be provided to its stockholders.

                                        SECTION 7.5      Further Assurances.
Each party hereto shall use commercially reasonable efforts to (i) take all
actions necessary or appropriate to consummate the transactions contemplated by
this Agreement and (ii) cause the fulfillment at the earliest practicable date
of all of the conditions to their respective obligations to consummate the
transactions contemplated by this Agreement. Purchaser and Seller shall use
commercially reasonable efforts to cause the Closing to occur. Each of Purchaser
and Seller shall not, and shall not permit any of their respective Affiliates
to, take any action that would, or that would reasonably be expected to, result
in any of the conditions set forth in Article VIII not being satisfied.

                                        SECTION 7.6      Change of Name of
Purchaser. The Purchaser will effect a change of its corporate name from Net
Profits Ten, Inc. to World Moto Company, or such other similar name as the
Seller and Purchaser mutually determine, prior to the Closing.

                                        SECTION 7.7      Confidentiality. Upon
the Closing, all confidential or proprietary information related to the Assets,
whether or not disclosed to Purchaser, shall be and become the property of
Purchaser, and thereafter shall not be used or disclosed by Seller for any
purpose whatsoever, without the prior written consent of Purchaser.

                                        SECTION 7.8      Publicity. Neither
Seller nor Purchaser shall issue any press release, public announcement or other
disclosure of information concerning this Agreement or the transactions
contemplated hereby without obtaining the prior written approval of Purchaser,
on the one hand, or Seller, on the other hand, which approval will not be
unreasonably withheld, unless, in the judgment of Seller or Purchaser,
disclosure is otherwise required by applicable Law or by the applicable rules of
any stock exchange or market on which Purchaser lists securities, provided that,
to the extent required by applicable Law, the party intending to make such
release shall use its commercially reasonable efforts consistent with applicable
Law to consult with the other party with respect to the text thereof. Seller and
Purchaser agree that the initial press release to be issued in connection with
the transactions contemplated hereby shall be in a form mutually agreed by them.

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                                        SECTION 7.9      Use of Seller Names.
The Assets include, and the Ancillary Agreements shall convey to Purchaser, all
rights in and to all names used in the business of the Seller, and therefore
after the Closing none of Seller or its Affiliates shall be entitled to use any
names used in the business prior to Closing, or any abbreviation, derivation or
variation thereof, in or for the name or title of any entity, trade, product or
business anywhere in the world from and after the Closing. Seller shall,
simultaneously with the Closing, undertake and promptly pursue all necessary
action to change its business and corporate names, including Internet domain
names, to new names bearing no resemblance to any of its present names so as to
permit the use of such names by Purchaser. Without limiting the foregoing, at
the Closing, Seller will deliver to Purchaser such documents as Purchaser shall
reasonably request to effectuate the foregoing.

                                        SECTION 7.10      Non-competition;
Non-solicitation.

          (a)      Each of the parties acknowledges that the covenants and
agreements in this Section 7.10 are conditions precedent to Purchaser’s
obligations to consummate the transactions contemplated by this Agreement and
the other Ancillary Agreements, and that Purchaser would not enter into the
transactions contemplated by this Agreement and the other Ancillary Agreements
but for the agreements of Seller and the Officers with Purchaser in this Section
7.10. Seller and the Officers acknowledge, jointly and severally, that from and
after the Closing Date, Purchaser and its Affiliates will sell Products to
customers located in markets throughout the world and that engagement by Seller
or the Officers in their individual capacities in the activities restricted by
this Section 7.10 during the applicable periods anywhere in the world other than
for the benefit of Purchaser or any of its Affiliates could cause Purchaser or
any of its Affiliates irreparable damage.

          (b)      Subject to the provisions of this Section 7.10, each of the
Seller and the Officers agrees that for a period of five (5) years from the
Closing Date, neither it nor any of its, as a director, officer, employee,
investor, lender, consultant or in any other capacity, shall, directly or
indirectly (A) engage (including as a director, officer, employee, investor,
lender, consultant or in any other capacity with respect to an entity that
engages in whole or in part) in any business that is substantially similar to
the business of the Seller as of immediately before the Closing Date
(“Business”) or that competes with the Business, or develops, manufactures,
markets or sells any product that is or would be competitive with, or a
substitute for, or includes features, functionality, structure or architecture
substantially similar to, any of the Products, anywhere in the world, (B) hire,
including as a director, officer, employee, investor, lender, consultant or in
any other capacity, any current employee of Seller or employee of Purchaser
whose employment with Purchaser has been terminated by Purchaser for reasons
other than the conduct of the employee consisting of improper performance or
nonperformance of the employee’s duties and responsibilities, engaging in
willful misconduct including fraud or intentional misrepresentation, conviction
of a felony or misdemeanor (other than traffic violations), repetitive
drunkenness or drug abuse, or violation of company policies or the code of
conduct, (C) induce or attempt to induce, any director, officer, employee,
representative or agent of Purchaser or any of its Affiliates engaged in the
manufacture, storage, distribution or sale of the Products to leave the employ
of Purchaser or any such Affiliate, or violate the terms of their contracts, or
any employment arrangements, with Purchaser or any such Affiliate, or (D)
solicit or divert or attempt to solicit or divert any current or former customer
of Purchaser; provided, however, that it shall not be deemed to be a violation
of this subsection (b) for Seller or its Affiliates to invest in securities
having less than one percent (1%) of the outstanding voting power of any Person,
the securities of which are publicly traded or listed on any securities exchange
or automated quotation system.

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          (c)      Seller, the Officers and Purchaser acknowledge that this
Section 7.10 constitutes an independent covenant and shall not be affected by
performance or nonperformance of any other provision of this Agreement. Each of
Seller, the Officers and Purchaser has independently consulted with its or his
counsel and after such consultation agrees that the covenants set forth in this
Section 7.10 are reasonable and proper. It is the desire and intent of the
parties that the provisions of this Section 7.10 shall be enforced to the
fullest extent permissible under applicable Law. If all or part of this Section
7.10 is held invalid, illegal or incapable of being enforced by any Law or
public policy, all other terms and provisions of this Agreement shall
nevertheless remain in full force and effect. Each of the parties agrees that in
the event of a breach by a party of the provisions of this Section 7.10, money
damages would not be an adequate remedy and that the other party shall be
entitled to seek temporary, preliminary or permanent injunctive relief without
the necessity of proving damages or posting a bond. If any part of this Section
7.10 is held to be excessively broad as to duration, scope, activity or subject,
such part will be construed by limiting and reducing it so as to be enforceable
to the maximum extent compatible with applicable Law.

                                        SECTION 7.11      Information and
Documents. From and after the date hereof and pending the Closing, upon
reasonable advance notice, Seller shall permit Purchaser and its representatives
to have access, during regular business hours, to the assets, employees, books
and records of Seller, and shall furnish, or cause to be furnished, to
Purchaser, such financial, Tax and operating data and other available
information with respect to the Assets as Purchaser shall from time to time
reasonably request; provided, that no such access shall unreasonably interfere
with Seller’s operation of its businesses; provided further, that, prior to the
Closing, all information received by Purchaser and given by or on behalf of
Seller in connection with this Agreement and the transactions contemplated
hereby will to the extent permitted under applicable Law, be held in confidence
by Purchaser and its Affiliates, agents and representatives and will not be
disclosed to any other Persons without the prior consent of Seller (provided
that the foregoing obligation of non-disclosure shall not apply to any
information which prior to or after the time of disclosure, becomes generally
available to the public, not as a result of any act or omission by Purchaser or
its Affiliates, agents and representatives).

                                        SECTION 7.12      Post-Closing
Financing. Purchaser will use its reasonable commercial efforts, in light of the
circumstances of its business, capitalization and capital markets, to raise
$1,700,000 in equity capital after the Closing Date, on the same terms or
substantially similar terms as the Purchaser issued its common stock in the
Pre-Closing Financing.

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                                        SECTION 7.13      Pre-Closing Services.
Prior to the Closing, during the period from the signing of this Agreement until
the Closing Date, Purchaser engages the general services of Seller, such
services to be as reasonably determined by Purchaser and Seller, on an as needed
basis from time to time, for the amount of $17,000 to be paid on September 1,
2012, and $10,000 to be paid on the first of each month commencing October 1,
2012, until the earlier of the Closing Date or December 1, 2012, for a maximum
of $47,000 in the aggregate (the initial and monthly and aggregate fees to be
referred to as the “Services Fees”). Seller will provide the services to
Purchaser, in the manner as Seller determines using such of its personnel in
such locations as it decides is reasonably practicable, in accordance with the
fulfillment of its service obligations to Purchaser.

ARTICLE VIII
CONDITIONS TO CLOSING; CLOSING DELIVERIES

                                        SECTION 8.1      Conditions Precedent to
Obligations of Purchaser. The obligation of Purchaser to consummate the
transactions contemplated by this Agreement is subject to the fulfillment, prior
to or on the Closing Date, of each of the following conditions (any or all of
which may be waived by Purchaser in whole or in part to the extent permitted by
applicable Law):

          (a)      each of the representations and warranties of Seller
contained in this Agreement that are not qualified by materiality or Material
Adverse Effect, shall be true and correct in all material respects as of the
Closing Date as if made on and as of the Closing Date (or, if given as of a
specific date, at and as of such date), and if qualified by materiality or
Material Adverse Effect, shall be true and correct in all respects as of the
Closing Date as if made on and as of the Closing Date (or, if given as of a
specific date, at and as of such date);

          (b)      Seller shall have performed and complied in all material
respects with all obligations and agreements required by this Agreement to be
performed or complied with by it on or prior to the Closing Date;

          (c)      there shall not have occurred a Material Adverse Effect;

          (d)      Seller and shall have delivered to Purchaser in writing, at
and as of the Closing Date, a certificate duly executed by Seller, in form and
substance reasonably satisfactory to Purchaser and its counsel, certifying that
the conditions in each of Sections 8.1(a), (b) and (c) have been satisfied;

          (e)      there shall not be in effect any Order by a Governmental Body
of competent jurisdiction restraining, enjoining or otherwise prohibiting the
consummation of the transactions contemplated hereby;

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          (f)      all Required Consents set forth on Schedule 8.1(f) shall have
been obtained or made on terms and conditions reasonably satisfactory to
Purchaser;

          (g)      all consents, approvals, Orders or authorizations of, or
registrations, declarations or filings with, any Governmental Body required in
connection with the execution, delivery or performance hereof and the transfer,
if any, of all Permits shall have been obtained or made on terms and conditions
reasonably satisfactory to Purchaser; and

          (h)      Seller shall have made each of the closing deliveries set
forth in Section 8.3 to Purchaser.

                                        SECTION 8.2      Conditions Precedent to
Obligations of Seller. The obligations of Seller to consummate the transactions
contemplated by this Agreement are subject to the fulfillment, prior to or on
the Closing Date, of each of the following conditions (any or all of which may
be waived by Seller in whole or in part to the extent permitted by applicable
Law):

          (a)      each of the representations and warranties of Purchaser
contained in this Agreement that are not qualified by materiality or Material
Adverse Effect, shall be true and correct in all material respects as of the
Closing Date as if made on and as of the Closing Date (or, if given as of a
specific date, at and as of such date), and if qualified by materiality or
Material Adverse Effect, shall be true and correct in all respects as of the
Closing Date as if made on and as of the Closing Date (or, if given as of a
specific date, at and as of such date);

          (b)      Purchaser shall have performed and complied in all material
respects with all obligations and covenants required by this Agreement to be
performed or complied with by Purchaser on or prior to the Closing Date;

          (c)      Purchaser shall have delivered to Seller in writing, at and
as of the Closing Date, a certificate duly executed by Purchaser, in form and
substance reasonably satisfactory to Seller and its counsel, certifying that the
conditions in each of Sections 8.2(a) and (b) have been satisfied;

          (d)      Purchaser shall have delivered to the Seller, and subject to
the provisions of this Agreement, (i) a copy of the filed Charter Documents, as
amended, of Purchaser, certified as of a recent date by the Nevada Secretary of
State; (ii) a certificate of the Secretary of Purchaser dated the Closing Date
and certifying (A) that attached is a true, correct and complete copy of the
Charter Documents of Purchaser as in effect on the date of the certificate and
at all times since a date prior to the date of the resolutions of Purchaser
described in item (B) below, (B) that attached is a true, correct and complete
copy of the resolutions adopted by the Board of Directors of Purchaser
authorizing the execution, delivery and performance of this Agreement and all
other documents delivered by Purchaser and the consummation by Purchaser of the
transactions contemplated by this Agreement and all other documents, and that
these resolutions have not been modified, rescinded or amended and are in full
force and effect, (C) that the filed Charter Documents of Purchaser have not
been amended since the date of the last amendment furnished pursuant to (i)
above and no action has been taken by Purchaser or its shareholders, directors
or officers in contemplation of the filing of any further amendment or in
contemplation of the liquidation or dissolution of Purchaser, and (D) as to the
incumbency and specimen signature of the officer of Purchaser executing this
Agreement or any other document; (iii) a certificate of counsel to Purchaser
dated the Closing Date as to the incumbency and signature of the Secretary of
Purchaser;

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          (e)      As set forth and based on the assumptions set forth in this
Agreement and including any other adjustments to the Purchaser Common Stock
contemplated in this Agreement, the Closing Date Payment will represent not less
than 60% of the issued and outstanding shares of common stock of the Purchaser
immediately after the Closing;

          (f)      Purchaser shall have eliminated all obligations and
liabilities of Purchaser as of the Closing Date, other than monetary obligations
of not more than $2,000, in each case to the satisfaction of the Seller;

          (g)      As of a time immediately prior to the Closing Date, the
Purchaser will have no more than 150,000,000 shares of Purchaser Common Stock
issued and outstanding, and no preferred stock outstanding, and no obligation to
issue any shares of Purchaser Common Stock pursuant to any warrants, options,
convertible securities or other agreements, whether oral or written, other than
Purchaser Common Stock in the Pre-Closing Financing, for the conversion of any
assumed obligation of the Seller, or for the payment of any finder fees in
connection with the Pre-Closing Financing or as otherwise specifically provided
in this Agreement;

          (h)      As of the Closing Date, the Purchaser will have raised the
Pre-Closing Financing, which investor funds from the sale of the Purchaser
Common Stock will be good funds in an account of the Purchaser, or such other
account as mutually agreed upon by the Parties, and such gross proceeds will not
have been used to pay any of the liabilities of the Purchaser existing at or
before the Closing Date, including the cost of the raising of such amount;

          (i)      As of the Closing Date, any applicable waiting period under
Rule 14f-1 promulgated under the Securities Exchange Act of 1934 will have been
satisfied and the sole director and officer of the Purchaser shall have resigned
as a director and officer of Purchaser. Concurrently, Chris Ziomkowski and Paul
Giles will have been appointed by the sole director of the Purchaser to be
directors of the board of directors of Parent;

          (j)      As of the Closing Date the name of the Purchaser will have
been changed to a name that is the same as or similar to World Moto Company, as
agreed upon by the Seller and Purchaser.

          (k)      there shall not be in effect any Order by a Governmental Body
of competent jurisdiction restraining, enjoining or otherwise prohibiting the
consummation of the transactions contemplated hereby;

          (l)      all consents, approvals, Orders or authorizations of, or
registrations, declarations or filings with, any Governmental Body required in
connection with the execution, delivery or performance hereof shall have been
obtained or made on terms and conditions reasonably satisfactory to Seller; and

          (m)      Purchaser shall have made each of the closing deliveries set
forth in Section 8.4 to Seller.

28

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                                        SECTION 8.3      Seller’s Closing
Deliveries. At the Closing, Seller shall deliver to Purchaser the following:

          (a)      the Bill of Sale and Assignment, Assignments of the Patents
in the form of Exhibit 8.3(a), each duly executed by Seller, and Seller shall
duly execute and deliver, or cause to be duly executed and delivered, to
Purchaser such other deeds, bills of sale, certificates of title and other
instruments of assignment or transfer with respect to the Assets as Purchaser
may reasonably request and as may be necessary to vest in Purchaser’s title to
all of the Assets as herein provided, in each case subject to no Lien except for
Permitted Exceptions;

          (b)      such documents as Purchaser shall require to effect the
transfer of all Propriety Rights of Seller, in a form acceptable to Purchaser;

          (c)      a copy of the current version of Source Code for all Seller
Software;; and

          (d)      all such other documents and instruments as are to be
delivered by it at the Closing pursuant to this Agreement or as Purchaser and
its counsel may reasonably request in connection with the consummation of the
transaction contemplated hereby.

                                        SECTION 8.4      Purchaser’s Closing
Deliveries. At the Closing, Purchaser shall deliver to Seller the following:

          (a)      the shares of Purchaser Common Stock representing the Closing
Date Payment; and

          (b)      an executed copy of the Assumption Agreement, and Purchaser
shall duly execute and deliver to Seller such other instruments of assumption
with respect to the Assumed Obligations as Seller may reasonably request.

                                        SECTION 8.5      Frustration of Closing
Conditions. Neither Seller nor Purchaser may rely on the failure of any
condition set forth in Sections 8.1 or 8.2, as the case may be, if such failure
was caused by such party’s failure to use its reasonable best efforts to comply
with any provision of this Agreement.

ARTICLE IX
MISCELLANEOUS

                                        SECTION 9.1      Payment of Sales, Use
or Similar Taxes. All sales, use, transfer, intellectual property, recordation,
documentary stamp or similar taxes or charges, of any nature whatsoever,
applicable to, or resulting from, the transactions contemplated by this
Agreement shall be borne equally by Purchaser and Seller, and the parties shall
use commercially reasonable efforts and shall cooperate with the other to
minimize the amount of any such taxes.

                                        SECTION 9.2      Expenses. Whether or
not the transactions contemplated hereby are consummated, and except as
otherwise provided in this Agreement, the parties shall bear their own expenses
incurred in connection with the negotiation and execution of this Agreement and
each other agreement, document and instrument contemplated by this Agreement and
the consummation of the transactions contemplated hereby and thereby.

29

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                                        SECTION 9.3      Submission to
Jurisdiction; Consent to Service of Process.

          (a)      The parties hereto hereby irrevocably submit to the exclusive
jurisdiction of any federal or state court located within the State of New York
over any dispute arising out of or relating to this Agreement or any of the
transactions contemplated hereby and each party hereby irrevocably agrees that
all claims in respect of such dispute or any suit, action proceeding related
thereto may be subject to the jurisdiction of the United States District Court
for the Southern District of New York, and in the absence of such jurisdiction,
the Supreme Court of the State of New York, New York County. The parties hereby
irrevocably waive, to the fullest extent permitted by applicable Law, any
objection which they may now or hereafter have to the laying of venue of any
such dispute brought in such court or any defense of inconvenient forum for the
maintenance of such dispute. Each of the parties hereto agrees that a judgment
in any such dispute may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by Law.

          (b)      Each of the parties hereto hereby consents to process being
served by any party to this Agreement in any suit, action or proceeding by
delivery of a copy thereof in accordance with the provisions of Section 9.6.

                                        SECTION 9.4      Entire Agreement;
Amendments and Waivers. This Agreement (including the Seller Disclosure
Schedules and exhibits hereto), the Ancillary Agreements and the Confidentiality
Agreement represent the entire understanding and agreement between the parties
hereto with respect to the subject matter hereof. This Agreement can be amended,
supplemented or changed, and any provision hereof can be waived, only by written
instrument making specific reference to this Agreement signed by the party
against whom enforcement of any such amendment, supplement, modification or
waiver is sought. No action taken pursuant to this Agreement, including any
investigation by or on behalf of any party, shall be deemed to constitute a
waiver by the party taking such action of compliance with any representation,
warranty, covenant or agreement contained herein. The waiver by any party hereto
of a breach of any provision of this Agreement shall not operate or be construed
as a further or continuing waiver of such breach or as a waiver of any other or
subsequent breach. No failure on the part of any party to exercise, and no delay
in exercising, any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of such right, power or remedy
by such party preclude any other or further exercise thereof or the exercise of
any other right, power or remedy.

                                        SECTION 9.5      Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the
State of New York applicable to contracts made and performed in such State,
without giving effect to principles of conflicts of laws thereof.

                                        SECTION 9.6      Notices. All notices
and other communications under this Agreement shall be in writing and shall be
deemed given (i) when delivered personally by hand (with written confirmation of
receipt), (ii) when sent by facsimile (with written confirmation of
transmission) or (iii) one Business Day following the day sent by overnight
courier (with written confirmation of receipt), in each case at the following
addresses and facsimile numbers (or to such other address or facsimile number as
a party may have specified by notice given to the other party pursuant to this
provision):

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If to Seller, to:

World Moto (Thailand) Co., Ltd.

Facsimile: ___________________
Attn:

With a copy (which shall not constitute notice) to:

___________________________

___________________________

If to Purchaser, to:

Net Profits Ten, Inc.
7956 Gen Luna Street
Quiapo Metro
Manila, Philippines
Facsimile: (-----)
Attn: Marlon Liam

With a copy (which shall not constitute notice) to:

Golenbock Eiseman Assor Bell & Peskoe LLP
437 Madison Avenue
New York, New York 10022
Facsimile: (212) 754-0330
Attn: Andrew D. Hudders, Esq.

                                        SECTION 9.7      Severability. If any
term or other provision of this Agreement is invalid, illegal, or incapable of
being enforced by any law or public policy, all other terms or provisions of
this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not
affected in any manner materially adverse to any party. Upon such determination
that any term or other provision is invalid, illegal, or incapable of being
enforced, the parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as
possible in an acceptable manner in order that the transactions contemplated
hereby are consummated as originally contemplated to the greatest extent
possible.

                                        SECTION 9.8      Binding Effect;
Assignment; Third Party Beneficiaries. This Agreement shall be binding upon and
inure to the benefit of the parties and their respective successors and
permitted assigns. Nothing in this Agreement shall create or be deemed to create
any third party beneficiary rights in any person or entity not a party to this
Agreement. No assignment of this Agreement or of any rights or obligations
hereunder may be made by any party, directly or indirectly (by operation of Law
or otherwise), without the prior written consent of the other parties hereto and
any attempted assignment without the required consents shall be void; provided,
however, Purchaser may (i) assign any or all of its rights and interests
hereunder to one or more of its Affiliates or to any Person or Persons
purchasing all or substantially all of the Assets conveyed by this Agreement and
(ii) designate one or more of its Affiliates to perform its obligations
hereunder; provided, further, however, that in any such case, Purchaser shall
remain responsible for the performance of all of its obligations hereunder. No
assignment of any obligations hereunder shall relieve the parties hereto of any
such obligations.

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                                        SECTION 9.9      Counterparts. This
Agreement may be executed in one or more counterparts, each of which will be
deemed to be an original copy of this Agreement and all of which, when taken
together, will be deemed to constitute one and the same agreement.

                                        SECTION 9.10      Waiver of Jury Trial.
Each party hereto hereby waives to the fullest extent permitted by applicable
Law, any right it may have to a trial by jury in respect of any Legal Proceeding
directly or indirectly arising out of, under or in connection with this
Agreement, any Ancillary Agreements or any transaction contemplated hereby or
thereby. Each party hereto (i) certifies that no representative, agent or
attorney of any other party has represented, expressly or otherwise, that such
other party would not, in the event of litigation, seek to enforce that
foregoing waiver and (ii) acknowledges that it and the other parties hereto have
been induced to enter into this Agreement and the Ancillary Agreements, as
applicable, by, among other things, the mutual waivers and certifications in
this Section 9.10.

                                        SECTION 9.11      Performance. Purchaser
acknowledges and agrees that the breach of this Agreement by it would cause
irreparable damage to Seller and that Seller will not have an adequate remedy at
Law, and Seller acknowledges and agrees that the breach of this Agreement by
Seller would cause irreparable damage to Purchaser and that Purchaser will not
have an adequate remedy at Law. Therefore, the obligations of the parties hereto
under this Agreement shall be enforceable by a decree of specific performance
issued by any court of competent jurisdiction, and appropriate injunctive relief
may be applied for and granted in connection therewith (without any needs to
post a bond or additional security, and without any need to prove the absence or
availability of other remedies). Such remedies shall, however, be cumulative and
not exclusive and shall be in addition to any other remedies which any party may
have under this Agreement or otherwise.

** REMAINDER OF PAGE INTENTIONALLY LEFT BLANK **

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          IN WITNESS WHEREOF, the parties hereto have caused this Asset Purchase
Agreement to be executed by their respective officers thereunto duly authorized,
as of the date first written above.

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  NET PROFITS TEN, INC.           By: /s/ Marlon
Liam                                Name: Marlon Liam   Title: President and CEO
              WORLD MOTO (THAILAND) CO., LTD.               By: /s/ Paul
Giles                                      Name: Paul Giles   Title: President  
        /s/ CHRIS ZIOMKOWSKI                     CHRIS ZIOMKOWSKI           /s/
PAUL GILES                     PAUL GILES

2

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Form of Assumption Agreement for Debt – Exhibit 1.1(a)(1)

 

 

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Form of Bill of Sale and Assignment – Exhibit 1.1(a)(2)

 

 

4

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Form of Lock Up Agreement – Exhibit 5.12

Dated as of __________, 2012

World Moto ___

Ladies and Gentlemen:

           In order to induce the above addressed company to transfer the shares
of the common stock (“Common Stock”) of the company that I seek to become the
transferee of, such shares having been issued pursuant to an Asset Purchase
Agreement dated _______, 2012 (“Asset Purchase Agreement”), and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the undersigned agrees that, during the period beginning on _____,
2012 through and including the date that is the 365th day after the Asset
Purchase Agreement (the “Lock-Up Period”), the undersigned, or any affiliated
party of the undersigned, will not, without the prior written consent of the
company, directly or indirectly:

offer, pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to
purchase, lend or otherwise transfer or dispose of any shares of Common Stock or
any securities convertible into or exercisable or exchangeable for Common Stock,
whether now owned or hereafter acquired by the undersigned or with respect to
which the undersigned has or hereafter acquires the power of disposition, or

enter into any swap or other agreement, arrangement or transaction that
transfers to another, in whole or in part, directly or indirectly, any of the
economic consequence of ownership of any Common Stock or any securities
convertible into or exercisable or exchangeable for any Common Stock.

            Notwithstanding the provisions set forth in the immediately
preceding paragraph, the undersigned may, without the prior written consent of
the company, transfer any Common Stock or any securities convertible into or
exchangeable or exercisable for Common Stock as a bona fide gift or gifts, or by
will or intestacy, to any member of the immediate family (as defined below) of
the undersigned or to a trust the beneficiaries of which are exclusively the
undersigned or members of the undersigned’s immediate family or to a charity or
educational institution; provided, however, that it shall be a condition to the
transfer that (A) the transferee executes and delivers to the company not later
than one business day prior to such transfer, a written agreement, in
substantially the form of this agreement and otherwise satisfactory in form and
substance to the company, and (B) if the undersigned is required to file a
report under Section 16(a) of the Securities Exchange Act of 1934, as amended,
reporting a reduction in beneficial ownership of Common Stock or any securities
convertible into or exercisable or exchangeable for Common Stock by the
undersigned during the Lock-Up Period, the undersigned shall include a statement
in such report to the effect that such transfer or distribution is not a
transfer for value and that such transfer is being made as a gift or by will or
intestacy, as the case may be. For purposes of this paragraph, “immediate
family” shall mean a spouse, child, grandchild or other lineal descendant
(including by adoption), father, mother, brother or sister of the undersigned.

5

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           The undersigned further agrees that (i) it will not, during the
Lock-Up Period (as the same may be extended as described above), make any demand
for or exercise any right with respect to the registration under the Securities
Act of 1933, as amended (the “1933 Act”), of any Common Stock or any securities
convertible into or exercisable or exchangeable for Common Stock, and (ii) the
Company may, with respect to any Common Stock or any securities convertible into
or exercisable or exchangeable for Common Stock owned or held (of record or
beneficially) by the undersigned, cause the transfer agent or other registrar to
enter stop transfer instructions and implement stop transfer procedures with
respect to such securities during the Lock-Up Period (as the same may be
extended as described above).

           The undersigned hereby represents and warrants that the undersigned
has full power and authority to enter into this agreement and that this
agreement has been duly executed and delivered by the undersigned and is a valid
and binding agreement of the undersigned. This agreement and all authority
herein conferred are irrevocable and shall survive the death or incapacity of
the undersigned and shall be binding upon the heirs, personal representatives,
successors and assigns of the undersigned.

[Signature Page Immediately Follows]

6

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           IN WITNESS WHEREOF, the undersigned has executed and delivered this
agreement as of the date first set forth above.

  Yours very truly,               Print Name:
______________________________________________

--------------------------------------------------------------------------------

Schedules
To
Asset Purchase Agreement – Net Profits Ten, Inc. and World Moto (Thailand) Co.,
Ltd.

            It is agreed among the Parties to the Agreement, that any disclosure
on one schedule will be deemed disclosure on any other schedule as to which such
disclosure may be relevant or amending, without the need for any specific cross
reference.

Schedule 2.1(b)                          Patent Rights

Number Type Date Authority Description 61/401,337 Provisional 10 Aug 2010 USPTO
Universal Vehicle Management System 13/137,345 Regular- Utility 08 Aug 2011(*)
USPTO Universal Vehicle Management System US2011/0014 01 PCT 08 Aug 2011(*)
USPTO - RO Universal Vehicle Management System

* Claim priority to provisional application on 10 Aug 2010

****

Schedule 2.1(c)                          Copyrights and Website Domain Names

No Copyrights

Website Domain Names:

worldmoto.com

worldmoto.net

worldmoto.org

motometer.com

moto-meter.com

****

Schedule 2.1(d)                          Trademarks

2

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None

****

Schedule 5.4(b)                          Products and Software

Products:

Product Version

Description

Moto-Meter Eagle 1.0.4-174

Solidworks enclosure models, Orcad PCB schematic, Orcad PCB Layout, firmware
including C code and ARM Cortex-M0 assembly files.

Black Box (Palpus) 1.26

Orcad PCB schematic, Orcad PCB Layout, firmware including C code and ARM
Cortex-M0 assembly files

Software:

Other than firm software associated with the Products, there is no software
being transferred.

****

Schedule 5.4(c)                          Proprietary Rights and Agreements,
Licenses, Sublicenses, Assignments

None

****

Schedule 5.4(e)                          Exceptions

Number

Exception

13/137,345

Patent application is currently stalled due to non receipt of office
communication. Petition to withdraw holding of abandonment has been filed with
USPTO and is expected to be granted shortly.

13/137,345

Optional – Petition to make special via request under PCT Patent Prosecution
Highway is recommended as soon as above petition is granted.

PCT/US2011/001401

National phases for most target countries must be entered before 10 Feb 2013.
Preparations for this must be started as soon as practical.

3

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****

Schedule 5.4(f)                          Infringements

None

****

Schedule 5.4(g)                          Software Source Code Publications

None

****

Schedule 5.4(h)                          Exclusive Right to Software

 None

****

Schedule 5.4(i)                          Interference with Contract

None

****

Schedule 5.4(k)                          Web Site and Other Rights Limitations

None

****

Schedule 5.4(m)                          Employees Without Work For Hire
Agreements

None

****

Schedule 5.4(n)                          Applicable Law Exception

None

****

 

4

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Schedule 5.5                             Sufficiency exception

None

****

Schedule 5.6(b)                        Material Agreements

None

****

Schedule 5.14                          Transactions with Affiliates

None

****

Schedule 8.1(f)                          Required consents

None

 

 

5

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