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

Exhibit 10.1

LETTER OF INTENT

October 26, 2010

Mr. Erwin Sniedzins
Mount Knowledge USA, Inc.
Chairman and Director
39555 Orchard Hill Place
Suite 600
Novi, Michigan 48375

Re: Extension of Letter of Intent dated September 26, 2010

Dear Mr. Sniedzins:

This letter confirms our mutual intentions to further extend the effective
period of the Letter of Intent executed on April 26, 2010 by and between MOUNT
KNOWLEDGE HOLDINGS, INC., a fully reporting public Nevada corporation
(“Purchaser and/or MKHD”) and MOUNT KNOWLEDGE USA, INC. (“MTKUSA”), a
privately-held Nevada corporations and its Shareholders (“Shareholders”),
hereinafter MTKUSA and the Shareholders shall be collectively referred to as
(the “Sellers”) with respect to the potential transaction described therein.

All of the terms and conditions of the proposed transaction shall be set forth
in a definitive agreement (the “Stock Purchase and Share Exchange Agreement”) to
be executed on or before December 31, 2010 (the “Extended Period”), with a
subsequent date of closing (the “Closing Date”), to be mutually agreed to by
Sellers and Purchaser.

The modification and extension is required for Mount Knowledge USA, Inc. to
complete the ongoing Regulation D Rule 506 Private Placement to raise a maximum
of $1,500,000 dollars in equity capital in MTKUSA. MTKUSA has represented to
MKHD as of the date of this Letter of Intent extension that it has already
raised a total of approximately $1,450,000 dollars to date. Both parties agree
that MTKUSA shall be allowed to continue to raise capital from its offering
until the Closing Date at which time the shareholders of record of MTKUSA at
such date would be acknowledged and included in the executed Stock Purchase and
Share Exchange Agreement.

This document, in and of itself, does not represent an enforceable legal
contract. This extension, when executed by both parties, shall not supersede any
of the terms and conditions set forth in the previously executed Letter of
Intent on or about April 26, 2010. All terms and conditions of the original
Letter of Intent dated on April 26, 2010 shall remain in full effect.

1

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

If the foregoing terms and conditions are acceptable to Mount Knowledge USA,
Inc, please so indicate by initialing each page and signing the enclosed copy of
this Letter of Intent and returning it to the attention of the undersigned.

Sincerely,

MOUNT KNOWLEDGE HOLDINGS, INC.                                       /s/ Daniel
A. Carr     By:                         Daniel A. Carr,                        
President and CEO                 ACCEPTED AND AGREED                   MOUNT
KNOWLEDGE USA, INC.                                       /s/ Erwin Sniedzins  
  By:                         Erwin Sniedzins                         Chairman
and Director                 Date: October 26, 2010

2

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