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ACQUISITION AND SHARE EXCHANGE AGREEMENT

Dated

April 2nd, 2019

by and among Token Communities Ltd (OTC) TKCM

 (a Delaware corporation as the Parent company)

And

          Lalit Kumar Verma and Manickam Mahalingam

as vendors of the shares of:

                                            ABT AUTO INVESTMENTS LIMITED, as
the:

“Target Company”
or as the Acquisition Subsidiary,

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TABLE OF CONTENTS

                

 

               ACQUISITION AND SHARE EXCHANGE AGREEMENT

 

This ACQUISITION AND SHARE EXCHANGE AGREEMENT (the “Agreement”) dated as of
April 2nd, 2019, (the “Signing Date”), by and among TOKEN COMMUNITIES LTD, (
TKCM ) a Delaware corporation  (the “Parent Company”), and FORTRESS VENTURES LLC
REPRESENTED HEREIN BY LALIT KUMAR VERMA, ITS PRESIDENT AND ABT INVESTMETS INDIA
PVT LTD REPRESENTED HEREIN BY MANICKAM MAHALINGAM ITS DIRECTOR, as “Vendors” of
certain Shares in ABT AUTO INVESTMENTS LIMITED, a Company registered in England
and Wales (The Target Company) that upon completion will become  a wholly owned
subsidiary of TOKEN COMMUNITIES LTD, a publicly traded Public Company.

W I T N E S E T H:

A.The Parent Company TOKEN COMMUNITIES LTD is a Development stage company
incorporated in Delaware and company publicly traded on the OTC Markets as TKCM,
and engaged in the block chain technology business (the “Business”)  

B.The Shareholders collectively own 100 % of the issued and outstanding ordinary
shares w) of ABT Auto Investments Limited the target Company; 

C.Parent will acquire by an exchange of shares of its common stock 100 % of the
ordinary shares of the Target Company (the “acquisition”) in accordance with and
subject to the terms and conditions of this Agreement (the “Transaction”); and 

The parties accordingly agree as follows:

I.DEFINITIONS 

The following terms, as used herein, have the following meanings:

1. “Action” means any legal action, suit, claim, investigation, hearing or
proceeding, including any audit, claim or assessment for Taxes or otherwise. 

2. “Acquisition Target ordinary Shares” is defined in section IV b,   

3.“Affiliate” means, with respect to any Person, any other Person directly or
indirectly Controlling, Controlled by, or under common Control with such
Person. 

4.“Agreement” is defined in the Preamble. 

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5.“Amended and Restated Articles of Incorporation” means the Amended and
Restated Articles of Incorporation of the Delaware company TOKEN COMMUNITIES
LTD, (TKCM).  

6.“Articles of Target Company” means the Articles of Incorporation of ABT Auto
Investments Limited, a company registered in England and Wales, with articles of
incorporation in the form attached hereto as Exhibit C. 

7.“2018 Audited Annual Financial Statements” is defined in 2.7 (b) 

8.“Authority” means any governmental, regulatory, or administrative body, agency
or authority, any court or judicial authority, any arbitrator, or any public,
private or industry regulatory authority, whether international, national,
Federal, state, or local. 

9.“Books and Records” means all books and records, ledgers, employee records,
customer lists, files, correspondence, and other records of every kind (whether
written, electronic, or otherwise embodied) owned or used by a Person or in
which a Person’s assets, the business or its transactions are otherwise
reflected, other than stock books and minute books. 

10.“Business” is defined in the Recitals. 

11.“Business Day” means any day other than a Saturday, Sunday, or a legal
holiday on which commercial banking institutions in New York are authorized to
close for business. 

12. “Closing” is defined in Section 2.4. 

13.“Closing Date” is defined in Section 2.4. 

14.“COBRA” means collectively, the requirements of Sections 601 through 606 of
ERISA and Section 4980B of the Code. 

15.“Code” means the Internal Revenue Code of 1986, as amended. 

16.“Commission” means the Securities and Exchange Commission 

17.“Company” means, a Delaware limited liability company, as referenced in the
Preamble. 

18.“Company Indemnifying Party” is defined in Section 9.2. 

19.“Contracts” means all contracts, agreements, leases (including equipment
leases, car leases and capital leases), licenses, commitments, client contracts,
statements of work (SOWs), sales and purchase orders and similar instruments,
oral or written, to which any of the Companies is a party or by which any of its
respective assets are bound, and all rights and benefits thereunder, including
all rights and benefits thereunder with respect to all cash and other property
of third parties under any of the Companies’ dominion or control. 

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20.“Control” of a Person 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 the ownership of voting securities, by contract, or
otherwise.”  Controlled”, “Controlling” and “under common Control with” have
correlative meanings.  Without limiting the foregoing a Person (the “Controlled
Person”) shall be deemed Controlled by (a) any other Person (the “10% Owner”)
(i) owning beneficially, as meant in Rule 13d-3 under the Exchange Act,
securities entitling such Person to cast 10% or more of the votes for election
of directors or equivalent governing authority of the Controlled Person or (ii)
entitled to be allocated or receive 10% or more of the profits, losses, or
distributions of the Controlled Person; (b) an officer, director, general
partner, partner (other than a limited partner), manager, or member (other than
a member having no management authority that is not a 10% Owner ) of the
Controlled Person; or (c) a spouse, parent, lineal descendant, sibling, aunt,
uncle, niece, nephew, mother-in-law, father-in-law, sister-in-law, or
brother-in-law of an Affiliate of the Controlled Person or a trust for the
benefit of an Affiliate of the Controlled Person or of which an Affiliate of the
Controlled Person is a trustee. 

21.“Environmental Laws” shall mean all Laws that prohibit, regulate, or control
any Hazardous Material or any Hazardous Material Activity, including, without
limitation, the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980, the Resource Recovery and Conservation Act of 1976, the
Federal Water Pollution Control Act, the Clean Air Act, the Hazardous Materials
Transportation Act, and the Clean Water Act. 

22.“ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, and the regulations thereunder. 

23.“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

24.“Existing Employee Agreement” is defined in Section 3.17(a). 

25.“Financial Statements” is defined in Section 3.7(b). 

26.“Hazardous Material” shall mean any material, emission, chemical, substance
or waste that has been designated by any United States Government Authority to
be radioactive, toxic, hazardous, a pollutant or a contaminant. 

27.“Hazardous Materials Activity” shall mean the transportation, transfer,
recycling, storage, use, treatment, manufacture, removal, remediation, release,
exposure of others to, sale, labeling, or distribution of any Hazardous Material
or any product or waste containing a Hazardous Material, or product manufactured
with ozone depleting substances, including, without limitation, any required
labeling, payment of waste fees or charges (including so-called e-waste fees)
and compliance with any recycling, product take-back or product content
requirements. 

28.“Indebtedness” means with respect to any Person, (a) all obligations of such
Person for borrowed money, or with respect to deposits or advances of any kind
(including amounts by reason of overdrafts and amounts owed by reason of letter
of credit reimbursement agreements) including with respect thereto, all
interests, fees and costs, (b)  

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all obligations of such Person evidenced by bonds, debentures, notes or similar
instruments, (c) all obligations of such Person under conditional sale or other
title retention agreements relating to property purchased by such Person, (d)
all obligations of such Person issued or assumed as the deferred purchase price
of property or services (other than accounts payable to creditors for goods and
services incurred in the ordinary course of business), (e) all Indebtedness of
others secured by (or for which the holder of such Indebtedness has an existing
right, contingent or otherwise, to be secured by) any lien or security interest
on property owned or acquired by such Person, whether or not the obligations
secured thereby have been assumed, (f) all obligations of such Person under
leases required to be accounted for as capital leases under U.S. GAAP, (g) all
guarantees by such Person and (h) any agreement to incur any of the same.

29.“Indemnification Notice” is defined in Section 9.2(a). 

30.“Indemnified Party” is defined in Section 9.1. 

31. “Intellectual Property Right” means the intellectual property, confidential
information, and proprietary information, owned, licensed, used or held for use
by a Person, including, but not limited to (a) any and all trademarks, logos,
logotypes, and/or service marks, including, but not limited to, any and all
common law and statutory rights therein and therefor, and further including any
and all registrations thereof and applications for registration therefor, and
all goodwill of the business associated therewith; (b) any and all corporate
names, Internet domain names, and/or trade names, including, but not limited to,
any and all common law and statutory rights therein and therefor, and further
including any and all registrations thereof and applications for registration
therefor; (c) any and all know-how, trade secrets, confidential business
information, and other proprietary information, including without limitation,
lists of customers and suppliers and potential customers and suppliers, pricing
and cost information, business and marketing plans and proposals, processes,
techniques, designs, research and development information, technical
information, specifications, discoveries, notes, reports, drawings, works,
devices, makes, models, works-in-progress, and creations, and any and all work
product therefor, including, but not limited to, any and all common law and
statutory rights therein and therefor; (d) any and all patents and patent
applications (including all reissuances, continuations, continuations-in-part,
revisions, extensions and re-examinations thereof) and patent disclosures and
inventions (whether or not patentable and whether or not reduced to practice);
(e) any and all copyrights, including, but not limited to, any and all common
law and statutory rights therein and therefor, and further including any and all
copyright registrations thereof and applications for registration of copyright
therefor; (f) any and all computer programs, including operating systems,
applications, routines, interface and algorithms, whether in source code or
object code; (g) databases and all information contained therein; and (h) all
proprietary rights relating to any of the foregoing, including, but not limited
to, all causes of action, damages and remedies related thereto. 

32.“Labor Agreements” is defined in Section 3.17(a). 

33.“Law” means any domestic or foreign, federal, state, municipality or local
law, statute, ordinance, code, rule, or regulation. 

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34.“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge,
security interest or encumbrance of any kind in respect of such asset, and any
conditional sale or voting agreement or proxy, is including any agreement to
give any of the foregoing. 

35.“Lock-Up Agreement” means the Lock-Up Agreement in the form attached hereto
as Exhibit A. 

36.“Loss(es)” is defined in Section 9.1. 

37.“Manager” has the same meaning as such term has in the Company’s Operating
Agreement. 

38. “Material Adverse Effect” or “Material Adverse Change” means a material
adverse change or a material adverse effect, individually or in the aggregate,
on the condition (financial or otherwise), prospects, net worth, management,
earnings, cash flows, business, operations or properties of the Company and the
Businesses, taken as a whole, whether or not arising from transactions in the
ordinary course of business. 

39.“Material Contracts” means the contracts, agreements and understanding listed
on Schedule 3.12(a). 

40.“Selling Shareholders” means the shareholders who collectively own 100 % of
the issued and outstanding ordinary shares of the Target Company, all of whom
are listed on Schedule I hereto. 

41. “Agreement” means this executed agreement by and between TOKEN COMMUNITIES
LTD, and the vendors of ABT Auto Investments Inc., (Target Company) dated April
2nd, 2019, including all amendments thereto. 

42.“Order” means any decree, order, judgment, writ, award, injunction, rule or
consent of or by an Authority. 

43.“Outside Closing Date” is defined in Section 11.1. 

44. “Company” means Token Communities Ltd, a Delaware corporation, as referenced
in the Preamble. 

45.“Company Balance Sheet” is defined in Section 5.14. 

46.“Target Company Balance Sheet Date” is defined in Section 5.15. 

47.“Company Common Stock” is defined in Section 5.5(a). 

48.“Company Employee Benefit Plans” is defined in Section 5.17. 

49.“Company Financial Statements” is defined in Section 5.9. 

50.“Company Indemnifying Party” is defined in Section 9.1. 

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51.“Company t Preferred Stock” is defined in Section 8.1(c) 

52.“Company Registration” is defined in Section 5.8(a). 

53.“Company Stock” refers collectively to the Company Preferred Stock and
Company Common Stock as defined in Section 5.4(a). 

54.“Company SEC Documents” is defined in Section 5.8(b). 

55.“Treasury Shares” is defined in Section 2.2. 

56.“Permits” is defined in Section 3.13. 

57.“Permitted Liens” means (i) all defects, exceptions, restrictions, easements,
rights of way and encumbrances disclosed in policies of title insurance which
have been made available to Parent; and (ii) mechanics’, carriers’, workers’,
repairers’ and similar statutory Liens arising or incurred in the ordinary
course of business for amounts (A) that are not delinquent, (B) that are not
material to the business, operations and financial condition of the Company so
encumbered, either individually or in the aggregate, (C) not resulting from a
breach, default or violation by any of the Company of any Contract or Law, and
(D) the Liens set forth on Schedule 1.62. 

58.“Person” means an individual, corporation, partnership (including a general
partnership, limited partnership, or limited liability partnership), limited
liability company, association, trust or other entity or organization, including
a government, domestic or foreign, or political subdivision thereof, or an
agency or instrumentality thereof. 

59.“Registered Intellectual Property” is defined in Section 3.15. 

60.“Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002, as amended. 

61.“Securities Act” means the Securities Act of 1933, as amended. 

62.“Signing Date” is defined in the Preamble. 

63.“Subsidiary” means each entity of which at least fifty percent (50%) of the
capital stock or other equity or voting securities are Controlled or owned,
directly or indirectly, by the Company. 

64.“Tangible Personal Property” means all tangible personal property and
interests therein, including machinery, computers and accessories, furniture,
office equipment, communications equipment, automobiles, trucks, forklifts, and
other vehicles owned or leased by the Company or any of its Subsidiaries and
other tangible property, including the items listed on Schedule 3.10. 

65.“Tax(es)” means any federal, state, local or foreign tax, charge, fee, levy,
custom, duty, deficiency, or other assessment of any kind or nature imposed by
any Taxing Authority (including any income (net or gross), gross receipts,
profits, windfall profit,  

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sales, use, goods and services, ad valorem, franchise, license, withholding,
employment, social security, workers compensation, unemployment compensation,
employment, payroll, transfer, excise, import, real property, personal property,
intangible property, occupancy, recording, minimum, alternative minimum,
environmental or estimated tax), including any liability therefor as a
transferee (including under Section 6901 of the Code or similar provision of
applicable Law) or successor, as a result of Treasury Regulation Section
1.1502-6 or similar provision of applicable Law or as a result of any Tax
sharing, indemnification or similar agreement, together with any interest,
penalty, additions to tax or additional amount imposed with respect thereto.

66.“Taxing Authority” means the Internal Revenue Service and any other Authority
responsible for the collection, assessment or imposition of any Tax or the
administration of any Law relating to any Tax. 

67.“Tax Return” means any return, information return, declaration, claim for
refund or credit, report or any similar statement, and any amendment thereto,
including any attached schedule and supporting information, whether on a
separate, consolidated, combined, unitary or other basis, that is filed or
required to be filed with any Taxing Authority in connection with the
determination, assessment, collection or payment of a Tax or the administration
of any Law relating to any Tax. 

68.“Third-Party Claim” is defined in Section 9.2(a). 

69.“Transaction” is defined in the preamble. 

70. “ordinary Shares” is defined in Section 3.5. 

71.“U.S. GAAP” means U.S. generally accepted accounting principles, consistently
applied. 

II.PURCHASE AND SALE 

Acquisition -  Subject to the terms and conditions of this Agreement the  Target
Company  shall be acquired into the  Parent Company.  At the Effective Time, the
separate legal existence of Target Company shall continue as a majority owned
subsidiary of the Parent Company as referred to the agreement.

I.1.Share Exchange.  On the Closing Date, the Shareholders of  the Target
Company, ABT Auto Investments Limited  shall transfer to the Parent company  an
aggregate of 96,001 ordinary shares, representing 100 % of the ordinary shares
issued and outstanding of the Target Company as are issued and  outstanding as
of the time of the exchange, and TOKEN COMMUNITIES LTD, the Delaware  Parent
 Company (Parent)  shall issue an aggregate of 600,000,000 Common Shares of the
 fully paid and non-assessable shares of Parent Common Stock in exchange for the
96,001 ordinary shares of the Target Company, the common shares shall be issued
and delivered to the Venders ABT Auto Investments Limited.  

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I.2.Section 351 Transaction.  For U.S. federal income tax purposes, the
Transaction is intended to constitute an exchange of property for stock under
Section 351 of the Code. The parties to this Agreement hereby (i) agree to file
and retain such information as shall be required under Section 1.351-3 of the
United States Treasury Regulations, and (ii) agree to file all Tax and other
informational returns on a basis consistent with such characterization.
Notwithstanding the foregoing or anything else to the contrary contained in this
Agreement, the parties acknowledge and agree that no party is making any
representation or warranty as to the qualification of the Transaction under
Section 351 of the Code or as to the effect, if any, that any transaction
consummated on, after or prior to the Closing Date has or may have on any such
transaction. Each of the parties acknowledge and agree that each (i) has had the
opportunity to obtain independent legal and tax advice with respect to the
transactions contemplated by this Agreement, and (ii) is responsible for paying
its own Taxes, including any adverse Tax consequences that may result if the
Transaction is determined not to qualify under Section 351 of the Code. 

I.3.Closing.  Subject to the satisfaction or waiver of the conditions set forth
in Article VIII, the closing (the “Closing”) of the Transaction shall take place
at the Law Offices of David E. Price, PC, of Bethesda, Maryland on the third
Business Day after all the closing conditions set forth in Article VII to this
Agreement have been satisfied or waived. At the Closing: 

(a)Parent shall deliver the Treasury Shares in accordance with Section 2.2. 

(b)The Members shall deliver to Parent instructions to the Company’s registrar
and transfer agent that, at the Closing, their shares be transferred to Parent,
with all necessary transfer Tax and other revenue stamps, acquired at each
Member’s expense, affixed. 

I.4.Board of Directors.  Immediately after the Closing, the Parent’s board of
directors will consist of five (5) directors.  The Target Company shall
designate three (3) persons to the Parent’s board of directors.  The Parent and
the Company will work together to assure that at least one (1) of the designated
directors qualify as an independent director under the Securities Act, and the
rules of any applicable securities exchange.  

I.5.Appointment of Officers.  Simultaneously upon the Signing Date, the parties
shall appoint Manickam Mahalingam as Chairman and Lalit Kumar to serve as Chief
Executive Officer, and President of the Parent Company.  

II.REPRESENTATIONS AND WARRANTIES OF
ABT Auto Investments Limited  

The Target Company hereby represents and warrants to the Parent Company that,
except as set forth in the corresponding schedule in the disclosure schedules
attached hereto, each of the following representations and warranties is true,
correct, and complete to the knowledge of the Company as of the date of this
Agreement and as of the Closing Date.  

II.1.Corporate Existence and Power.  The Company is a limited liability company
duly organized, validly existing and in good standing under the Laws England and
Wales. The  

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Company has all power and authority, corporate and otherwise, and all
governmental licenses, franchises, Permits, authorizations, consents and
approvals required to own and operate its properties and assets and to carry on
its business as presently conducted and as proposed to be conducted.  The
Company is duly qualified or licensed to do business as a foreign corporation or
limited liability company, as applicable, and is in good standing in each
authority where the character of the property owned or leased by it or the
nature of its activities make such qualification necessary.

II.2.Authorization. 

(a)The execution, delivery and performance by the Company of this Agreement and
the Additional Agreements and the consummation by the Company of the
transactions contemplated hereby and thereby are within the corporate powers of
the Company and have been duly authorized by all necessary action on the part of
the Company, including the approval of the Manager and the approval of the super
majority of the Members of the Company.  This Agreement constitutes a valid and
legally binding agreement of the Company enforceable against the Company in
accordance with their respective terms, subject to bankruptcy, insolvency and
similar Laws affecting the enforceability of creditor rights generally and to
general principals of equity. 

II.3.Governmental Authorizations.  Neither the execution, delivery nor
performance by the Company of this Agreement or any Additional Agreements
requires any consent, approval, license, or other action by or in respect of, or
registration, declaration or filing with, any Authority. 

II.4.Non-Contravention.  None of the execution, delivery or performance by the
Company of this Agreement does or will: 

(a)contravene or conflict with the organizational or constitutive documents of
the Company; 

(b)contravene or conflict with or constitute a violation of any provision of any
Law binding upon or applicable to the Company; 

(c)constitute a default under or breach of (with or without the giving of notice
or the passage of time or both); violate; or give rise to any right of
termination, cancellation, amendment, or acceleration of any right or obligation
of the Company; 

(d)require any payment or reimbursement by any of the Company (other than
obligations set forth in the Additional Agreements); 

(e)cause a loss of any material benefit relating to the business to which the
Company is entitled under any provision of any Permit or Contract (i) binding
upon the Company, or (ii) by which any of the Units or the Company’s assets is
or may be bound; or 

(f)result in the creation or imposition of any Lien (except for Permitted Liens)
on any of the Units or the Company’s assets. 

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II.5.Capitalization.  The Target Company has unlimited share capital of its
ordinary  shares as defined in the Company’s articles of incorporation (the
“ordinary shares”).  All the existing issued and outstanding ordinary shares
have been duly authorized and validly issued, are fully paid and non-assessable
and have not been issued in violation of any preemptive or similar rights of any
Person.  The Shareholders own of record and all the issued and outstanding
ordinary shares of the Target Company. Upon the Closing, the Parent Company
shall receive good, valid, and marketable title to Shares representing 100% of
the ordinary shares comprised of 96,001 ordinary shares free and clear of all
Liens.  No other class of Shares is authorized or outstanding.  Except as set
forth on Schedule 3.5, there are no: (a) outstanding subscriptions, options,
warrants, rights (including “phantom stock rights”), calls, commitments,
understandings, conversion rights, rights of exchange, plans or other agreements
of any kind providing for the purchase, issuance or sale of any shares  of the
Company, or (b) agreements by any shareholders  with respect to any of the
shares , including any voting trust, other voting agreement or proxy with
respect thereto, or (c) equity holder agreements between the Target Company and
its direct or indirect holders regarding the securities of such company. 

II.6.Certificate of Incorporation and articles of incorporation  Copies of (a)
the certificate of formation of the Company, as certified by the companies
House, UK, or its equivalent authority, be delivered to Parent, and such copies
shall be each true and complete copies of such instruments as amended and in
effect on such delivery date.  

II.7.Financial Statements. 

(a)The Company shall, three (3) Business Days prior to the Closing Date, deliver
to the Parent the (i) audited balance sheet as of December 2018 (the “Company
Balance Sheet Date”), and (ii) audited statements of operations and accumulated
deficits and cash flows for the years ended December 31, 2018 and December 31,
2017 (collectively, the “Audited Financial Statements”) if applicable. 

(b)The Company has delivered to the Parent Company financial statements of the
Company for the period ended December 31, 2018, consisting of the balance sheet
as of such date, the income statement for period ended on such date, and the
cash flow statement for the period ended on such date (the “Unaudited Financial
Statements” and together with the Audited Financial Statements, the “Financial
Statements”) for the period ended December 31st 2017 and Unaudited financial
statements or management accounts  for the period ended December 31st 2018. 

(c)The Financial Statements (a) are in accordance with the books and records of
the Company, and (b) present fairly in all material respects the financial
condition of the Company at the dates therein specified and the results of its
operations and changes in financial position for the periods therein specified. 

(a)Except as fully disclosed in Schedule 3.7(d), the Company has no
indebtedness, liabilities, or obligations (whether accrued, absolute,
contingent, whether due or to become due or otherwise). 

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II.8.Books and Records.  The Company shall make all Books and Records of the
Company available to Parent for its inspection and shall deliver to Parent
complete and accurate copies of all documents referred to in the schedules to
this Agreement or that Parent otherwise has requested within sixty (60) days
from the Signing Date.   

II.9.Absence of Certain Changes.  Since the Company Balance Sheet Date, each of
the Companies has conducted the Business in the ordinary course consistent with
past practices.  Without limiting the generality of the foregoing, except as set
forth on Schedule 3.9, since the Company Balance Sheet Date, there has not been
any Material Adverse Effect in the value to Parent of the transactions
contemplated hereby. 

II.10.Properties; Title to the Company’s Assets.  Except as set forth on
Schedule 3.10 the Tangible Personal Property have no defects, are in good
operating condition and repair and function in accordance with their intended
uses (ordinary wear and tear excepted) and have been properly maintained and are
suitable for their present uses and meet all specifications and warranty
requirements with respect thereto. 

II.11.Litigation.  Except as provided on Schedule 3.11, there is no Action (or
any basis therefor) pending against, or, to the best knowledge of the Company,
threatened, against or affecting, the Company.  Except as provided on Schedule
3.11, there are no outstanding judgments against the Company. 

II.12.Contracts. 

(a)Schedule 3.12(a) lists all material Contracts, oral or written (collectively,
“Material Contracts”) to which the Company is a party, and which are currently
in effect and constitute the following: 

(i)all Contracts that require annual payments or expenses by, or annual payments
or income to, the Company of $100,000 or more (other than standard purchase and
sale orders entered in the ordinary course of business consistent with past
practice); 

(ii)all sales, advertising, agency, lobbying, broker, sales promotion, market
research, marketing or similar contracts and agreements, in each case requiring
the payment of any commissions by the Company more than $100,000 annually; 

(iii)all employment Contracts, employee leasing Contracts, and consultant and
sales representatives Contracts with any current or former officer, director,
employee or consultant of the Company or other Person, under which the Company
(A) has continuing obligations for payment of annual compensation of at least
$75,000 (other than oral arrangements for at-will employment), (B) has severance
or post termination obligations to such Person (other than COBRA obligations),
or (C) has an obligation to make a payment upon consummation of the transactions
contemplated hereby or as a result of a change of control of the Company; 

(iv)all Contracts creating a joint venture, strategic alliance, limited
liability company and partnership agreements to which the Company is a party; 

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(v)all Contracts relating to patents, trademarks, service marks, trade names,
brands, copyrights, trade secrets and other Intellectual Property Rights of the
Company; and 

(vi)all Contracts relating to outstanding Indebtedness, including financial
instruments of indenture or security instruments (typically interest-bearing)
such as notes, mortgages, loans, and lines of credit. 

II.13.Licenses and Permits.  Schedule 3.13 correctly lists each license, permit,
order or approval or other similar authorization affecting, or relating in any
way to, the Business, together with the name of the Authority issuing the same
(the “Permits”).  Except as indicated on Schedule 3.13, such Permits are valid
and in full force and effect, and none of the Permits will, assuming the related
third-party consent has been obtained or waived prior to the Closing Date, be
terminated or impaired or become terminable because of the transactions
contemplated hereby.  The Company has all Permits necessary to operate the
Business.   

II.14.Compliance with Laws.  Except as set forth on Schedule 3.14, the Company
has not violated nor is in violations of, and to the Company’s best knowledge,
is neither under investigation with respect to nor has been threatened to be
charged with or given notice of any violation or alleged violation of, any Law,
or judgment, order or decree entered by any court, arbitrator or Authority,
domestic or foreign, nor is there any basis for any such charge and within the
last 24 months the Company has not received any subpoenas by any Authority. 

II.15.Intellectual Property.  The Company owns, free and clear of all Liens
other than Permitted Liens, or otherwise possesses a valid right to use, all
Intellectual Property Rights necessary to conduct its business as currently
operated.  Schedule 3.15 sets forth a true, correct and complete list of all
registered patents, trademarks, service marks, trade names, Internet domain
names and copyrights of each of the Companies and any applications for any of
the foregoing (collectively, “Registered Intellectual Property”), specifying as
to each, as applicable: (i) the nature of such Intellectual Property Right; (ii)
the owner of such Intellectual Property Right; (iii) the jurisdictions by or in
which such Intellectual Property Right has been issued or registered or in which
an application for such issuance or registration has been filed, including the
respective registration or application numbers; and (iv) all licenses,
sub-licenses and other agreements pursuant to which any Person is authorized to
use such Intellectual Property Right. 

II.16.Insurance Coverage.  There is in full force and effect one or more
policies of insurance, insuring the Company and its properties, products and
business against such losses and risks, and in such amounts, as are customary
for business entities engaged in the same or similar business and similarly
situated.  Other than as described on Schedule 3.16, the Company has not been
refused any insurance coverage sought or applied for, and the Company has no
reason to believe that it will be unable to renew its existing insurance
coverage as and when the same shall expire upon terms at least as favorable to
those currently in effect, other than possible increases in premiums that do not
result from any act or omission of the Company.  Other than as set forth on
Schedule 3.16, no suit,  

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proceeding or action or, to the knowledge of the Company, threat of suit,
proceeding or action has been asserted or made against the Company within the
last five years due to alleged bodily injury, disease, medical condition, death
or property damage arising out of the function or malfunction of a product,
procedure or service designed, manufactured, sold or distributed by the Company.

II.17.Employment Matters. 

(a)Schedule 3.17(a) sets forth a true and complete list of every employment
agreement (each an “Existing Employment Agreement”), commission agreement,
employee group or executive medical, life, or disability insurance plan, and
each incentive, bonus, profit sharing, retirement, deferred compensation,
equity, phantom stock, stock option, stock purchase, stock appreciation right or
severance plan of the Company, to the extent that any such agreement relates to
the Business of the Company, now in effect or under which the Company has or
might have any obligation, or any understanding between the Company and any
employee concerning the terms of such employee’s employment that does not apply
to the Company (to the extent such employment relates to that of the Company)
employees generally (collectively, “Labor Agreements”). 

(b)The Company has complied in all material respects with all Labor Agreements
and all applicable laws relating to employment or labor.  All accrued
obligations of the Company applicable to its employees, whether arising by
operation of Law, by Contract, by past custom or otherwise, for payments by the
Company to any trust or other fund or to any Authority, with respect to
unemployment or disability compensation benefits, social security benefits,
under ERISA or otherwise, have been paid or adequate accruals have been made. 

II.18.Environmental Laws. 

(a)Except as set forth in Schedule 3.18, the Company has not (i) received any
written notice of any alleged claim, violation of or Liability under any
Environmental Law which has not heretofore been cured or for which there is any
remaining liability; (ii) disposed of, emitted, discharged, handled, stored,
transported, used or released any Hazardous Materials, arranged for the
disposal, discharge, storage or release of any Hazardous Materials, or exposed
any employee or other individual to any Hazardous Materials so as to give rise
to any Liability or corrective or remedial obligation under any Environmental
Laws; or (iii) entered into any agreement that may require it to guarantee,
reimburse, pledge, defend, hold harmless or indemnify any other Person with
respect to liabilities arising out of Environmental Laws or the Hazardous
Materials Activities of the Companies, except in each case as would not,
individually or in the aggregate, have a Material Adverse Effect. 

(b)The Company has delivered to Parent all material records in its possession
concerning the Hazardous Materials Activities of the Company and all
environmental audits and environmental assessments in the possession or control
of the Company of any facility currently owned, leased or used by the Company
which identifies the potential for  

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any violations of Environmental Law or the presence of Hazardous Materials on
any property currently owned, leased or used by the Company.

(c)Except as provided for on Schedule 3.18(c), there are no Hazardous Materials
in, on, or under any properties owned, leased or used at any time by the Company
such as could give rise to any material liability or corrective or remedial
obligation of the Company under any Environmental Laws. 

II.19.Disclosure.  There is no fact relating to the Company that the Company has
not disclosed to Parent in writing that materially and adversely affects nor, as
far as Company can now foresee, will materially and adversely affect, the
condition (financial or otherwise), properties, assets, liabilities, business
operations, results of operations or prospects of Company.  No representation or
warranty by Company herein and no information disclosed in the schedules or
exhibits hereto by Company contains any untrue statement of a material fact or
omits to state a material fact necessary to make the statements contained herein
or therein not misleading. 

III.STATUS OF SCHEDULES AS OF SIGNING DATE; SURVIVAL OF REPRESENTATIONS AND
WARRANTIES 

III.1.Status of Schedules as of Signing Date. 

(a)To the extent that any of the schedules to this Agreement are not provided to
the Parent on the date of this Agreement, such schedules shall be provided by
the Company to the Parent as soon as such schedules are available, but in any
event three (3) Business Days prior to the Closing Date (or within such other
timeframe as is specifically set forth in Article III).  The Parent shall have
fifteen (15) days to either accept such schedules as final or provide a written
request for revised schedules or additional information relating to items
included in such schedules, in the absence of which request the schedules shall
be deemed final.  Each time additional information or revisions are requested,
the Parent shall have fifteen (15) days after receipt of the revised schedules
to either accept such schedules as final or provide a written request for
revised schedules or additional information relating to items included in such
schedules.  The disclosure schedules shall be deemed final after the Parent has
received the schedules and does not comment on such draft of the schedules for
fifteen (15) days after receipt. 

(b)Any representations or warranties with respect to those matters or items in
any schedule described in Article III shall be made (unless waived or amended)
only as of the date on which such Schedule is deemed final pursuant to Section
4.1(a). 

IV.REPRESENTATIONS AND WARRANTIES OF PARENT COMPANY  

IV.1.Corporate Existence and Power.  Parent is a corporation duly organized and
existing in good standing under the laws of the State of Delaware.  Acquisition
Subsidiary is a corporation duly organized and existing in good standing under
the laws of England and Wales. Parent and Acquisition Subsidiary have heretofore
delivered to the Company  

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complete and correct copies of their respective Articles of Incorporation,
By-Laws, Articles of Organization and Operating Agreement as now in effect.
 Parent and Acquisition Subsidiary have full corporate power and authority to
carry on their respective businesses as they are now being conducted and as now
proposed to be conducted and to own or lease their respective properties and
assets.  Neither Parent nor Acquisition Subsidiary has any subsidiaries (except
Parent’s ownership of Acquisition Subsidiary) or direct or indirect interest (by
way of stock ownership or otherwise) in any firm, corporation, limited liability
company, partnership, association, or business.  Parent shall own all the issued
and outstanding membership interests of Acquisition Subsidiary free and clear of
all Liens, and Acquisition Subsidiary has no outstanding options, warrants or
rights to purchase its membership interests or other securities of Acquisition
Subsidiary, other than the membership interest owned by Parent.  Unless the
context otherwise requires, all references in this Article V to “Parent” shall
be treated as being a reference to Parent and Acquisition Subsidiary taken
together as one enterprise.

IV.2.Corporate authorization.  The execution, delivery and performance by Parent
of this Agreement and the Additional Agreements and the consummation by Parent
of the transactions contemplated hereby and thereby are within the corporate
powers of Parent and have been duly authorized by all necessary corporate action
on the part of Parent.  This Agreement has been duly executed and delivered by
Parent and it constitutes, and upon their execution and delivery, the Additional
Agreements will constitute, a valid and legally binding agreement of Parent,
enforceable against it in accordance with its terms. 

IV.3.Governmental authorization.  Neither the execution, delivery nor
performance of this Agreement requires any consent, approval, license, or other
action by or in respect of, or registration, declaration or filing with any
Authority. 

IV.4.Non-Contravention.  The execution, delivery and performance by Parent of
this Agreement do not and will not (i) contravene or conflict with the
organizational or constitutive documents of Parent, or (ii) contravene or
conflict with or constitute a violation of any provision of any Law, judgment,
injunction, order, writ, or decree binding upon Parent. 

IV.5.Authorized Capital.    

(a)The authorized capital stock of Parent consists of (i) 5,000,000,000 shares
of Common Stock, par value $0.00001 per share, (“Parent Common Stock”) of which
270,000,000 shares are issued and outstanding as of the closing date. Aside from
the Warrants, there are no outstanding securities convertible or exercisable
into or exchangeable for shares of Parent Stock or any other equity security of
Parent or Acquisition Subsidiary. There is no voting trust, agreement, or
arrangement among any of the beneficial holders of Parent Stock affecting the
nomination or election of directors or the exercise of the voting rights of
Parent Stock.  The offer, issuance, and sale of such shares of Parent Stock were
(a) exempt from the registration and prospectus delivery requirements of the
Securities Act, (b) registered or qualified (or were exempt from registration or
qualification) under the registration or qualification requirements of all
applicable state securities laws and (c) accomplished in conformity with all
other  

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applicable securities laws.  None of such shares of Parent Stock are subject to
a right of withdrawal or a right of rescission under any federal or state
securities or “Blue Sky” law.

(b)The authorized capital stock of Acquisition Subsidiary consists of unlimited
ordinary Shares (the “Acquisition Subsidiary Shares”), of which 96,001 ordinary
Shares are issued and outstanding. All outstanding ordinary shares are validly
issued and outstanding, fully paid, and non-assessable, and none of such shares
have been issued in violation of the preemptive rights of any Person.  

IV.6.Validity of Shares.  The shares of Parent Common Stock to be issued at the
Closing pursuant to Section 2.2 hereof, when issued and delivered in accordance
with the terms of the Agreement, shall be duly and validly issued, fully paid
and non-assessable.  The issuance of the Parent Common Stock upon consummation
of the Merger pursuant to Sections 2.2 will be exempt from the registration and
prospectus delivery requirements of the Securities Act and from the
qualification or registration requirements of any applicable state “Blue Sky” or
securities laws. 

IV.7.SEC Reporting and Compliance. 

(a)Parent filed a registration statement on Form S-1 under the Securities Act,
which became effective (the “Parent Registration”).  Since that date, Parent has
filed with the Commission all Quarterly and Annual reports required to be filed
pursuant to the Exchange Act though it is currently delinquent in 2 filings
which are currently being prepared for filing.  Parent has not filed with the
Commission a certificate on Form 15 pursuant to Rule 12h-3 of the Exchange Act. 

(b)Parent has made available to the Company true and complete copies of the
registration statements, information statements and other reports (collectively,
the “Parent SEC Documents”) filed by Parent with the Commission.  As of its
respective filing date, each Parent SEC Document complied in all material
respects with the requirements of the Exchange Act and the rules and regulations
promulgated thereunder applicable to such Parent SEC Documents and, except to
the extent that information contained in any Parent SEC Document has been
revised or superseded by a later filed Parent SEC Document, did not contain any
untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements contained therein not misleading. 

(c)Prior to and until the Closing, Parent Company will provide to the Target
Company copies of any and all amendments or supplements to the Parent Company
SEC Documents filed with the Commission and all subsequent registration
statements and reports filed by Parent  Company subsequent to the filing of the
Parent SEC Documents with the Commission and any and all subsequent information
statements, proxy statements, reports or notices filed by Parent with the
Commission or delivered to the stockholders of Parent. 

(d)Parent is not an investment company within the meaning of Section 3 of the
Investment Company Act of 1940, as amended. 

(e)Parent is not a “shell company” as defined in Rule 12b-2 under the Exchange
Act and as indicated in the Parent’s filings with the Commission. 

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(f)The shares of Parent Common Stock are quoted on the OTC Pink Sheets  tier of
the OTC Markets Group (the “OTC Markets”) under the symbol “TKCM” and Parent is,
and has no reason to believe that it will not in the foreseeable future continue
to be, in compliance in all material respects with all rules and regulations of
the OTC Markets applicable to it and the Parent Common Stock.  The issuance of
Parent Common Stock under this Agreement does not contravene the rules and
regulations of the trading market on which the Parent Common Stock is currently
listed or quoted, and no approval of the stockholders of Parent is required for
Parent to issue and deliver the Parent Common Stock contemplated by this
Agreement. 

(g)Between the date hereof and the Effective Time, Parent shall continue to
satisfy the filing requirements of the Exchange Act and all other requirements
of applicable securities laws and of the OTC Markets. 

(h)The Parent SEC Documents include all certifications and statements required
of it, if any, by (i) Rule 13a-14 or 15d-14 under the Exchange Act, and (ii) 18
U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002), and each of
such certifications and statements contain no qualifications or exceptions to
the matters certified therein other than a knowledge qualification, permitted
under such provision, and have not been modified or withdrawn and neither Parent
nor any of its officers has received any notice from the Commission questioning
or challenging the accuracy, completeness, form or manner of filing or
submission of such certifications or statements. 

(i)Parent has otherwise complied with the Securities Act, Exchange Act, and all
other applicable federal and state securities laws, rules, and regulations. 

IV.8.Financial Statements.  The balance sheets and statements of operations,
stockholders’ equity and cash flows contained in the Parent SEC Documents (the
“Parent Financial Statements”) (a) comply as to form in all material respects
with applicable accounting requirements and rules and regulations of the
Commission with respect thereto, (b) have been prepared in accordance with U. S.
GAAP applied on a basis consistent with prior periods (and, in the case of
unaudited financial information, on a basis consistent with year-end audits),
(c) are in accordance with the books and records of Parent and (d) present
fairly in all material respects the financial condition of Parent at the dates
therein specified and the results of its operations and changes in financial
position for the periods therein specified.  The financial statements included
in Parent’s Registration Statement and the Parent SEC Documents (to the extent
applicable) were audited by Parent’s current independent registered public
accounting firm. 

IV.9.Governmental Consents.       

(a)All material consents, approvals, orders, or authorizations of, or
registrations, qualifications, designations, declarations, or filings with any
federal or state governmental authority on the part of Parent or Acquisition
Subsidiary required in connection with the consummation of the Merger shall have
been obtained prior to, and be effective as of, the Closing. 

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(b)All material consents, approvals, orders, or authorizations of, or
registrations, qualifications, designations, declarations, or filings with any
federal or state governmental authority on the part of Company required in
connection with the consummation of the Merger shall have been obtained prior
to, and be effective as of, the Closing. 

IV.10.Compliance with Laws and Other Instruments.  The execution, delivery and
performance by Parent and/or Acquisition Subsidiary of the Merger Documents and
the other agreements to be made by Parent or Acquisition Subsidiary pursuant to
or in connection with the Merger Documents and the consummation by Parent and/or
Acquisition Subsidiary of the transactions contemplated by the Merger Documents
will not cause Parent and/or Acquisition Subsidiary to violate or contravene (a)
any provision of law, (b) any rule or regulation of any agency, government or
Authority, (c) any order, judgment or decree of any court or Authority, or (d)
any provision of their respective charters or By-Laws as amended and in effect
on and as of the Closing Date and will not violate or be in conflict with,
result in a breach of or constitute (with or without notice or lapse of time, or
both) a default under any material indenture, loan or credit agreement, deed of
trust, mortgage, security agreement or other agreement or contract to which
Parent or Acquisition Subsidiary is a party or by which Parent and/or
Acquisition Subsidiary or any of their respective properties is bound. 

IV.11.No General Solicitation.  In issuing the Parent Common Stock in the Merger
hereunder, neither Parent nor anyone acting on its behalf has offered to sell
the Parent Stock by any form of general solicitation or advertising. 

IV.12.Binding Obligations.  This Agreement, together with the Additional
Agreements, constitute the legal, valid, and binding obligations of Parent and
Acquisition Subsidiary, and are enforceable against Parent and Acquisition
Subsidiary, in accordance with their respective terms, except as such
enforcement is limited by bankruptcy, insolvency and other similar laws
affecting the enforcement of creditors’ rights generally and by general
principles of equity. 

IV.13.Absence of Undisclosed Liabilities.  Neither Parent nor Acquisition
Subsidiary has any material obligation or liability (whether accrued, absolute,
contingent, liquidated or otherwise, whether due or to become due), arising out
of any transaction entered into at or prior to the Closing, except (a) as
disclosed in the Parent SEC Documents, (b) to the extent set forth on or
reserved against in the balance sheet of Parent in the most recent Parent SEC
Document filed by Parent (the “Parent Balance Sheet”) or the notes to the Parent
Financial Statements, (c) current liabilities incurred and obligations under
agreements entered into in the usual and ordinary course of business since the
date of the Parent Balance Sheet (the “Parent Balance Sheet Date”), none of
which (individually or in the aggregate) materially and adversely affects the
Condition of Parent and (d) by the specific terms of any written agreement,
document or arrangement attached as an exhibit to the Parent SEC Documents.  As
of the Closing Date, all liabilities of Parent shall have been paid off and
shall in no event remain liabilities of the Parent, the Acquisition Subsidiary,
the Company, or the stockholders of Parent following the Closing. 

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IV.14.Absence of Changes.  Since the Parent Balance Sheet Date, except as
disclosed in the Parent SEC Documents, Parent has conducted its business in the
ordinary course consistent with past practices.  Without limiting the generality
of the foregoing, except as set forth in the Parent SEC Documents, since the
Parent Balance Sheet Date, there has not been any Material Adverse Effect in the
value to Company of the transactions contemplated hereby. 

IV.15.Tax Returns and Audits.  All required federal, state and local Tax Returns
of Parent have been accurately prepared in all material respects and duly and
timely filed, and all federal, state and local Taxes required to be paid with
respect to the periods covered by such returns have been paid to the extent that
the same have become due, except where the failure so to file or pay could not
reasonably be expected to have a material adverse effect upon the Condition of
the Parent.  Parent is not and has not been delinquent in the payment of any
Tax.  Parent has not had a Tax deficiency assessed against it and has not
executed a waiver of any statute of limitations or the assessment or collection
of any Tax.  None of Parent’s federal income, state and local income and
franchise tax returns has been audited by any governmental authority; and none
of the Parent’s state or local income or franchise Tax Returns has been audited
by any governmental authority.  The reserves for Taxes reflected on the Parent
Balance Sheet are and will be sufficient for the payment of all unpaid Taxes
payable by Parent with respect to the period ended on the Parent Balance Sheet
Date.  Since the Parent Balance Sheet Date, the Parent has made adequate
provisions on its books of account for all Taxes with respect to its business,
properties, and operations for such period.  Parent has withheld or collected
from each payment made to each of its employees the amount of all Taxes
(including, but not limited to, federal, state, and local income Taxes, Federal
Insurance Contribution Act Taxes and Federal Unemployment Tax Act Taxes)
required to be withheld or collected therefrom and has paid the same to the
proper Tax receiving officers or authorized depositaries.  There are no federal,
state, local or foreign audits, actions, suits, proceedings, investigations,
claims or administrative proceedings relating to Taxes or any Tax Returns of
Parent now pending, and Parent has not received any notice of any proposed
audits, investigations, claims or administrative proceedings relating to Taxes
or any Tax Returns.  Parent has not agreed, nor is it required, to make any
adjustments under Section 481(a) of the Code (or any similar provision of state,
local and foreign law), whether by reason of a change in accounting method or
otherwise, for any Tax period for which the applicable statute of limitations
has not yet expired.  Parent (i) is not a party to, nor is it bound by or
obligated under, any Tax Sharing Agreements, and (ii) does not have any
potential liability or obligation to any Person as a result of, or pursuant to,
any such Tax Sharing Agreements.  Parent has no liability for any other taxpayer
under U.S. Treasury Regulation 1.1502-6 or any other similar provision. 

IV.16.Employee Benefit Plans; ERISA.  Except as disclosed in the Parent SEC
Documents, there are no “employee benefit plans” (within the meaning of Section
3(3) of ERISA) nor any other employee benefit or fringe benefit arrangements,
practices, contracts, policies, or programs other than programs merely involving
the regular payment of wages, commissions, or bonuses established, maintained,
or contributed to by Parent, whether written or unwritten and whether or not
funded.  Any plans listed in the Parent SEC Documents are hereinafter referred
to as the “Parent Employee Benefit Plans.” 

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IV.17.Litigation.  There is no legal action, suit, arbitration or other legal,
administrative or other governmental proceeding pending or, to the knowledge of
Parent, threatened against or affecting Parent or Acquisition Subsidiary or any
of their respective properties, assets or businesses and, to the knowledge of
Parent, there is no incident, transaction, occurrence or circumstance that might
reasonably be expected to result in or form the basis for any such action, suit,
arbitration or other proceeding.  Neither Parent nor Acquisition Subsidiary is
in default with respect to any order, writ, judgment, injunction, decree,
determination or award of any court or any governmental agency or
instrumentality or arbitration authority. 

IV.18.Licenses.  Parent possesses from all appropriate governmental authorities
all licenses, permits, authorizations, approvals, franchises, and rights
necessary for Parent to engage in the business currently conducted by it, all of
which are in full force and effect. 

IV.19.Interested Party Transactions.   No officer, director or stockholder of
Parent or any Affiliate or “associate” (as such term is defined in Rule 405
under the Securities Act) of any such Person or of Parent has or has had, either
directly or indirectly, (a) an interest in any Person that (i) furnishes or
sells services or products that are furnished or sold or are proposed to be
furnished or sold by Parent or (ii) purchases from or sells or furnishes to
Parent any goods or services, or (b) a beneficial interest in any contract or
agreement to which Parent is a party or by which it or any of its assets may be
bound or affected. 

IV.20.Obligations to or by Stockholders.  Parent has no liability or obligation
or commitment to any stockholder of Parent or any Affiliate or “associate” (as
such term is defined in Rule 405 under the Securities Act) of any stockholder of
Parent, nor does any stockholder of Parent or any such Affiliate or associate
have any liability, obligation, or commitment to Parent. 

IV.21.Assets and Contracts.     

(a)Parent has good title to, or valid leasehold interests in, all of its
properties and assets used in the conduct of its business.  All such assets and
properties, other than assets and properties in which the Parent has leasehold
interests, are free and clear of all Liens.  Parent has complied in all material
respects with the terms of all leases to which it is a party and under which it
is in occupancy, and all such leases are in full force and effect.  Parent
enjoys peaceful and undisturbed possession under all such leases. 

(b)Except as expressly set forth in this Agreement, the Parent Balance Sheet, or
the notes thereto, or the Parent SEC Documents, Parent is not a party to any
written or oral agreement not made in the ordinary course of business that is
material to Parent.  Parent does not own any real property.  Parent maintains no
insurance policies or insurance coverage of any kind with respect to Parent, its
business, premises, properties, assets, employees, and agents.  No consent of
any bank or other depository is required to maintain any bank account, other
deposit relationship or safety deposit box of Parent in effect following the
consummation of the Merger and the transactions contemplated hereby. 

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IV.22.Employees. Other than pursuant to ordinary arrangements of employment
compensation (which such arrangements are described in the Parent SEC
Documents), Parent is not under any obligation or liability to any officer,
director, employee, or Affiliate of Parent. 

IV.23.Duty to Make Inquiry.      To the extent that any of the representations
or warranties in this Article V are qualified by “knowledge” or “belief,” Parent
represents and warrants that it has made due and reasonable inquiry and
investigation concerning the matters to which such representations and
warranties relate, including, but not limited to, diligent inquiry of its
directors and executive officers. 

IV.24.Market Makers.      Parent has at least two (2) market makers for the
Parent Common Stock and such market makers shall have obtained all permits and
made all filings necessary in order for such market makers to continue as market
makers of Parent. 

IV.25.Internal Accounting Controls.      Except as set forth in Schedule 5.26,
Parent maintains a system of internal accounting controls sufficient to provide
reasonable assurance that (a) transactions are executed in accordance with
management’s general or specific authorizations, (b) transactions are recorded
as necessary to permit preparation of financial statements in conformity with
U.S. GAAP and to maintain asset accountability, (c) access to assets is
permitted only in accordance with management’s general or specific
authorization, and (d) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate action is taken with
respect to any differences.  Except as set forth in Schedule 5.26, Parent has
established disclosure controls and procedures for Parent and designed such
disclosure controls and procedures to ensure that others make material
information relating to the Parent known to the officers within those entities.
 Parent’s officers have evaluated the effectiveness of the Parent’s controls and
procedures as of the date prior to the filing date of the most recently filed
periodic report under the Exchange Act (such date, the “Evaluation Date”).
 Since the Evaluation Date, there have been no significant changes in Parent’s
internal controls or, to Parent’s knowledge, in other factors that could
significantly affect Parent’s internal controls except as set forth in Schedule
5.26. 

IV.26.Certain Registration Matters.      Except as specified in the Parent SEC
Documents, prior to the date hereof, Parent has not granted or agreed to grant
to any person any rights (including “piggy-back” registration rights) to have
any securities of Parent registered with the Commission or any other
governmental authority that have not been satisfied. 

IV.27.Disclosure.      There is no fact relating to Parent that Parent has not
disclosed to the Company in writing that materially and adversely affects nor,
as far as Parent can now foresee, will materially and adversely affect, the
condition (financial or otherwise), properties, assets, liabilities, business
operations, results of operations or prospects of Parent.  No representation or
warranty by Parent herein and no information disclosed in the schedules or
exhibits hereto by Parent contains any untrue statement of a material fact or
omits to state a material fact necessary to make the statements contained herein
or therein not misleading. 

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V.COVENANTS OF ALL PARTIES HERETO 

The parties hereto covenant and agree that:

V.1.Best Efforts; Further Assurances.  Subject to the terms and conditions of
this Agreement, each party shall use its best efforts to take, or cause to be
taken, all actions and to do, or cause to be done, all things necessary or
desirable under applicable Laws, and in the case of the Company as reasonably
requested by Parent, to consummate and implement expeditiously each of the
transactions contemplated by this Agreement, provided, however, that upon
Parent’s request, the parties hereto will work together in good faith to perform
further analysis of the structure of the transactions contemplated by this
Agreement following additional diligence to further evaluate the relative tax
efficiencies of such transactions, and, if such analysis identifies a structure
that is generally more tax efficient than the structure contemplated by this
Agreement, the parties agree to negotiate such alternate structure in good faith
and take any actions necessary to implement such alternate structure.   

V.2.Confidentiality.  The Company, on the one hand, and Parent and Parent, on
the other hand, shall hold and shall cause their respective representatives to
hold in strict confidence, unless compelled to disclose by judicial or
administrative process or by other requirements of Law, all documents and
information concerning the other party furnished to it by such other party or
its representatives in connection with the transactions contemplated by this
Agreement (except to the extent that such information can be shown to have been
(a) previously known by the party to which it was furnished, (b) in the public
domain through no fault of such party or (c) later lawfully acquired from other
sources, which source is not the agent of the other party, by the party to which
it was furnished), and each party shall not release or disclose such information
to any other person, except its representatives in connection with this
Agreement. In the event that any party believes that it is required to disclose
any such confidential information pursuant to applicable Laws, such party shall
give timely written notice to the other party so that such party may have an
opportunity to obtain a protective order or other appropriate relief.  Each
party shall be deemed to have satisfied its obligations to hold confidential
information concerning or supplied by the other party if it exercises the same
care as it takes to preserve confidentiality for its own similar information.   

VI.CONDUCT OF BUSINESS PENDING COMPLETION 

VI.1.Conduct of Business by the Company Pending the completion. Prior to the
Effective Time, unless Parent or Acquisition Subsidiary shall otherwise agree in
writing or as otherwise contemplated by this Agreement or the Additional
Agreements: 

(a)The Business of the Company shall be conducted only in the ordinary course; 

(b)The Company shall not (i) directly or indirectly redeem, purchase or
otherwise acquire or agree to redeem, purchase or otherwise acquire any of its
Shares; (ii) amend its  

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Operating Agreement except to effectuate the transactions contemplated in this
Agreement or (iii) split, combine or reclassify the outstanding Shares or
declare, set aside or pay any dividend payable in cash, equity or property or
make any distribution with respect to any such Shares;

(c)Aside from the current Warrant holders of Token Communities, the Company
shall not (i) issue or agree to issue any additional Shares, or options,
warrants or rights of any kind to acquire any Shares; (ii) acquire or dispose of
any fixed assets or acquire or dispose of any other substantial assets other
than in the ordinary course of business; (iii) incur additional Indebtedness or
any other liabilities or enter into any other transaction other than in the
ordinary course of business; (iv) enter into any contract, agreement, commitment
or arrangement with respect to any of the foregoing or (v) except as
contemplated by this Agreement, enter into any contract, agreement, commitment
or arrangement to dissolve, merge, consolidate or enter into any other material
business combination; 

(d)The Company shall use its commercially reasonable efforts to preserve intact
the business organization of the Company, to keep available the service of its
present officers and key employees, and to preserve the good will of those
having business relationships with it; 

(e)The Company will not, nor will it authorize any director or authorize or
permit any officer or employee or any attorney, accountant or other
representative retained by it to make, solicit, encourage any inquiries with
respect to, or engage in any negotiations concerning, any Acquisition Proposal
(as defined below for purposes of this paragraph).  The Company will promptly
advise Parent orally and in writing of any such inquiries or proposals (or
requests for information) and the substance thereof.  As used in this paragraph,
“Acquisition Proposal” shall mean any proposal for a merger or other business
combination involving the Company or for the acquisition of a substantial equity
interest in it or any material assets of it other than as contemplated by this
Agreement.  The Company will immediately cease and cause to be terminated any
existing activities, discussions or negotiations with any Person conducted
heretofore with respect to any of the foregoing; and 

(f)The Company will not enter into any new employment agreements with any of its
officers or employees or grant any increases in the compensation or benefits of
its officers and employees or amend any employee benefit plan or arrangement. 

VI.2.Conduct of Business by Parent and Acquisition Subsidiary Pending the
Merger.  Prior to the Effective Time, unless the Company shall otherwise agree
in writing or as otherwise contemplated by this Agreement: 

(a)The business of Parent and Acquisition Subsidiary shall be conducted only in
the ordinary course.  

(b)Aside from the current Warrant Holders of Token Communities, neither Parent
nor Acquisition Subsidiary shall (i) directly or indirectly redeem, purchase or
otherwise acquire or agree to redeem, purchase or otherwise acquire any shares
of its capital stock; (ii) amend  

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its charter or By-Laws other than to effectuate the transactions contemplated
hereby; or (iii) split, combine or reclassify its capital stock or declare, set
aside or pay any dividend payable in cash, stock or property or make any
distribution with respect to such stock;

(c)Neither Parent nor Acquisition Subsidiary shall (i) issue or agree to issue
any additional shares of, or options, warrants or rights of any kind to acquire
shares of, its capital stock other than to effectuate the transactions
contemplated or permitted pursuant to this Agreement; (ii) acquire or dispose of
any assets other than in the ordinary course of business (except for
dispositions in connection with Section 7.2(a) hereof); (iii) incur additional
Indebtedness or any other liabilities or enter into any other transaction except
in the ordinary course of business; (iv) enter into any contract, agreement,
commitment or arrangement with respect to any of the foregoing or (v) except as
contemplated by this Agreement, enter into any contract, agreement, commitment
or arrangement to dissolve, merge, consolidate or enter into any other material
business contract or enter into any negotiations in connection therewith; 

(d)Neither Parent nor Acquisition Subsidiary will, nor will they authorize any
director or authorize or permit any officer or employee or any attorney,
accountant or other representative retained by them to, make, solicit, encourage
any inquiries with respect to, or engage in any negotiations concerning, any
Acquisition Proposal (as defined below for purposes of this paragraph).  Parent
will promptly advise the Company orally and in writing of any such inquiries or
proposals (or requests for information) and the substance thereof.  As used in
this paragraph, “Acquisition Proposal” shall mean any proposal for a merger or
other business combination involving Parent or Acquisition Subsidiary or for the
acquisition of a substantial equity interest in either of them or any material
assets of either of them other than as contemplated by this Agreement.  Parent
will immediately cease and cause to be terminated any existing activities,
discussions or negotiations with any Person conducted heretofore with respect to
any of the foregoing; and 

(e)Neither Parent nor Acquisition Subsidiary will enter into any new employment
agreements with any of their officers or employees or grant any increases in the
compensation or benefits of their officers and employees. 

VII.CONDITIONS TO CLOSING 

VII.1.Condition to the Obligations of the Parties.  The obligations of all of
the parties to consummate the Closing are subject to the satisfaction of all the
following conditions: 

(a)No provisions of any applicable Law, and no Order shall prohibit or impose
any condition on the consummation of the Closing. 

(b)There shall not be any Action brought by a third-party non-Affiliate to
enjoin or otherwise restrict the consummation of the Closing. 

(c)Each of the Additional Agreements shall have been entered into and the same
shall be in full force and effect. 

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(d)Parent shall have received the Financial Statements of the Target Company in
form satisfactory to Parent and Company. 

(e)The Parties shall have received the written consent of the Ordinary
Shareholders of Target Company in a form satisfactory to both the Parent Company
and the Target Company, authorizing the exchange of the ordinary Shares of
Target Company for shares of Parent Common Stock as set forth in Section 2.2.   

VII.2.Conditions to Obligations of Parent.  The obligation of Parent to
consummate the Closing is subject to the satisfaction, or the waiver at Parent’s
sole and absolute discretion, of all the following further conditions: 

(a)The Target Company shall have duly performed all of its obligations hereunder
required to be performed by them at or prior to the Closing Date. 

(a)All of the representations and warranties of the Target Company contained in
this Agreement, any Additional Agreements and in any certificate delivered by
the Target  Company, the Manager or any major Shareholders  pursuant hereto,
disregarding all qualifications and exceptions contained therein relating to
knowledge, materiality or Material Adverse Effect, shall: (i) be true, correct
and complete (A) at and as of the date of this Agreement, or, (B) if otherwise
specified, when made or when deemed to have been made, and (ii) be true, correct
and complete as of the Closing Date, in the case of (i) and (ii) with only such
exceptions as could not in the aggregate reasonably be expected to have a
Material Adverse Effect. 

(b)There shall have been no event, change or occurrence, which individually or
together with any other event, change or occurrence, could reasonably be
expected to have a Material Adverse Effect, regardless of whether it involved a
known risk. 

(c)Parent shall have received a certificate signed by the Manager of the Company
to the effect set forth in clauses (a) through (c) of this Section 8.2. 

(d)No court, arbitrator or other Authority shall have issued any judgment,
injunction, decree or order, or have pending before it a proceeding for the
issuance of any thereof, and there shall not be any provision of any applicable
Law restraining or prohibiting the consummation of the Closing, the ownership by
Parent of any of the Shares or the effective operation of the Business by the
Company after the Closing Date. 

(e)Parent shall have received from each major shareholder a general release of
all claims against the Company and their officers, directors, employees, and
Affiliates (other than Parent solely in connection with this Agreement and the
Additional Agreements) in form satisfactory to Parent. 

(f)Parent shall have received final Schedules unless waived in writing by
Parent. 

(g)Parent shall have received the Financial Statements.   

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VII.3.Conditions to Obligations of the Company.  The obligation of the Company
to consummate the Closing is subject to the satisfaction, or the waiver at the
Company’s discretion, of all of the following further conditions: 

(a)(i) The Parent and Target Company as Acquisition Subsidiary shall have
performed in all material respects all of their respective obligations hereunder
required to be performed by it at or prior to the Closing Date, (ii) the
representations and warranties of Parent and Acquisition Subsidiary contained in
this Agreement, and in any certificate or other writing delivered by Parent or
the Acquisition Subsidiary pursuant hereto, disregarding all qualifications and
expectations contained therein relating to materiality shall be true and correct
in all material respects at and as of the Closing Date, as if made at and as of
such date, and (iii) the Company shall have received a certificate signed by an
authorized officer of Parent and the Parent to the foregoing effect. 

(b)Parent shall have executed and delivered to the Ordinary Shareholders and
common shareholders as the case may be s each Additional Agreement to which it
is a party. 

VIII.INDEMNIFICATION 

VIII.1.Indemnification of Company.  Parent (“Parent Indemnifying Party”) hereby
agrees to indemnify and hold harmless to the fullest extent permitted by
applicable law the Company, each of its Affiliates and each of its and their
respective members, managers, partners, directors, officers, employees,
stockholders, attorneys and agents and permitted assignees (each a “Company
Indemnified Party”), against and in respect of any and all out-of-pocket loss,
cost, payments, demand, penalty, forfeiture, expense, liability, judgment,
deficiency or damage, and diminution in value or claim (including actual costs
of investigation and attorneys’ fees and other costs and expenses) (all of the
foregoing collectively, “Losses”) incurred or sustained by any Company
Indemnified Party as a result of or in connection with (a) any breach,
inaccuracy or nonfulfillment or the alleged breach, inaccuracy or nonfulfillment
of any of the representations, warranties, covenants and agreements of the
Parent contained herein or in any of the Additional Agreements or any
certificate or other writing delivered pursuant hereto, (b) any Actions by any
third parties with respect to the Parent (including breach of contract claims,
violations of warranties, trademark infringement, privacy violations, torts or
consumer complaints) for any period on or prior to the Closing Date. 

VIII.2.Indemnification of Parent.  The Company (“Company Indemnifying Party”)
hereby agrees to indemnify and hold harmless to the fullest extent permitted by
applicable law the Parent, each of its Affiliates and each of its and their
respective officers, directors, employees, stockholders, attorneys and agents
and permitted assignees (each a “Parent Indemnified Party”), against and in
respect of any and all out-of-pocket loss, cost, payments, demand, penalty,
forfeiture, expense, liability, judgment, deficiency or damage, and diminution
in value or claim (including actual costs of investigation and attorneys’ fees
and other costs and expenses) (all of the foregoing collectively, “Losses”)
incurred or sustained by any Parent Indemnified Party as a result of or in
connection with (a) any breach, inaccuracy or nonfulfillment or the alleged
breach, inaccuracy or nonfulfillment of any of the  

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representations, warranties, covenants and agreements of the Company contained
herein or in any of the Additional Agreements or any certificate or other
writing delivered pursuant hereto, (b) any Actions by any third parties with
respect to the Company (including breach of contract claims, violations of
warranties, trademark infringement, privacy violations, torts or consumer
complaints) for any period on or prior to the Closing Date.

VIII.3.Procedure.  The following shall apply with respect to all claims by a
Parent Indemnified Party or Company Indemnified Party for indemnification: 

(a)An indemnified party shall give the indemnifying party prompt notice (an
“Indemnification Notice”) of any third-party Action with respect to which such
indemnified party seeks indemnification pursuant to Section 9.1 (a “Third-Party
Claim”), which shall describe in reasonable detail the Loss that has been or may
be suffered by the indemnified party.  The failure to give the Indemnification
Notice shall not impair any of the rights or benefits of such indemnified party
under Section 9.1, except to the extent such failure materially and adversely
affects the ability of the Indemnifying Party to defend such claim or increases
the amount of such liability. 

(b)In the case of any Third-Party Claims as to which indemnification is sought
by any indemnified party, such indemnified party shall be entitled, at the sole
expense and liability of the Indemnifying Party, to exercise full control of the
defense, compromise or settlement of any Third-Party Claim unless the
Indemnifying Party, within a reasonable time after the giving of an
Indemnification Notice by the indemnified party (but in any event within ten
(10) days thereafter), shall (i) deliver a written confirmation to such
indemnified party that the indemnification provisions of Section 9.1 are
applicable to such Action and the Indemnifying Party will indemnify such
indemnified party in respect of such Action pursuant to the terms of Section 8.1
and, notwithstanding anything to the contrary, shall do so without asserting any
challenge, defense, limitation on the Indemnifying Party’s liability for Losses,
counterclaim or offset, (ii) notify such indemnified party in writing of the
intention of the indemnifying party to assume the defense thereof, and (iii)
retain legal counsel reasonably satisfactory to such indemnified party to
conduct the defense of such Third-Party Claim. 

(c)If the indemnifying party assumes the defense of any such Third-Party Claim
pursuant to Section 9.2(b), then the indemnified party shall cooperate with the
indemnifying party in any manner reasonably requested in connection with the
defense, and the indemnified party shall have the right to be kept fully
informed by the indemnifying party and their legal counsel with respect to the
status of any legal proceedings, to the extent not inconsistent with the
preservation of attorney-client or work product privilege.  If the indemnifying
party so assumes the defense of any such Third-Party Claim, the indemnified
party shall have the right to employ separate counsel and to participate in (but
not control) the defense, compromise, or settlement thereof, but the fees and
expenses of such counsel employed by the indemnified party shall be at the
expense of such indemnified party unless (i) the indemnifying party has agreed
to pay such fees and expenses, or (ii) the named parties to any such Third-Party
Claim (including any imp-leaded parties) include an indemnified party and the
indemnifying party and the indemnified party shall have been advised by its
counsel that there may be a conflict of  

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interest between such indemnified party and the indemnifying party in the
conduct of the defense thereof, and in any such case the reasonable fees and
expenses of such separate counsel shall be borne by the indemnifying party.

(d)If the indemnifying party elects to assume the defense of any Third-Party
Claim pursuant to Section 9.2(b), the indemnified party shall not pay, or permit
to be paid, any part of any claim or demand arising from such asserted liability
unless the indemnifying party withdraws from or fails to vigorously prosecute
the defense of such asserted liability, or unless a judgment is entered against
the indemnified party for such liability.  If the indemnifying party does not
elect to defend, or if, after commencing or undertaking any such defense, the
indemnifying party fails to adequately prosecute or withdraw such defense, the
indemnified party shall have the right to undertake the defense or settlement
thereof, at the indemnifying party’s expense.  Notwithstanding anything to the
contrary, the indemnifying party shall not be entitled to control, but may
participate in, and the indemnified party (at the expense of the Indemnifying
Parties) shall be entitled to have sole control over, the defense or settlement
of (x) that part of any Third Party Claim (i) that seeks a temporary restraining
order, a preliminary or permanent injunction or specific performance against the
indemnified party, or (ii) to the extent such Third Party Claim involves
criminal allegations against the indemnified party or (y) the entire Third Party
Claim if such Third Party Claim would impose liability on the part of the
indemnified party.  In the event the indemnified party retains control of the
Third-Party Claim, the indemnified party will not settle the subject claim
without the prior written consent of the indemnifying party, which consent will
not be unreasonably withheld or delayed. 

(e)If the indemnified party undertakes the defense of any such Third-Party Claim
pursuant to this Section 9.2 and proposes to settle the same prior to a final
judgment thereon or to forgo appeal with respect thereto, then the indemnified
party shall give the indemnifying party prompt written notice thereof and the
indemnifying party shall have the right to participate in the settlement, assume
or reassume the defense thereof or prosecute such appeal, in each case at the
indemnifying party’s expense.  The indemnifying party shall not, without the
prior written consent of such indemnified party settle or compromise or consent
to entry of any judgment with respect to any such Third-Party Claim (i) in which
any relief other than the payment of money damages is or may be sought against
such indemnified party, (ii) in which such Third Party Claim could be reasonably
expected to impose or create a monetary liability on the part of the indemnified
party (such as an increase in the indemnified party’s income Tax) other than the
monetary claim of the third party in such Third-Party Claim being paid pursuant
to such settlement or judgment, or (iii) which does not include as an
unconditional term thereof the giving by the claimant, person conducting such
investigation or initiating such hearing, plaintiff or petitioner to such
indemnified party of a release from all liability with respect to such
Third-Party Claim and all other Actions (known or unknown) arising or which
might arise out of the same facts. 

VIII.4.Periodic Payments.  Any indemnification required by Section 9.1 for
costs, disbursements, or expenses of any indemnified party in connection with
investigating, preparing to defend or defending any Action shall be made by
periodic payments by the  

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indemnifying party to each indemnified party during the course of the
investigation or defense, as and when bills are received, or costs,
disbursements or expenses are incurred.

VIII.5.Insurance.  Any indemnification payments hereunder shall consider any
insurance proceeds or other third-party reimbursement received. 

IX.DISPUTE RESOLUTION 

IX.1.Arbitration. In the event of any controversy among the parties hereto
arising out of, or relating to, this Agreement, which cannot be settled amicably
by the parties, such controversy shall be settled by Arbitration. Both sides
shall choose a mutually agreed upon competent jurist from a short list and
informal Arbitration shall commence as expeditiously as possible. Either party
may institute such arbitration proceeding by giving written notice to the other
party. A hearing shall be held by the Arbitrator within the District of
Columbia, USA, and a decision of the matter submitted to the Arbitrator shall be
biding and enforceable against all parties in any Court of competent
jurisdiction. The prevailing party shall be entitled to all costs and expenses
with respect to such arbitration, including reasonable attorneys' fees. The
decision of the Arbitrator shall be final, binding upon all parties hereto and
enforceable in any Court of competent jurisdiction. Each party hereto
irrevocably waives any objection to the laying of venue of any such Arbitration
action or proceeding brought and irrevocably waives any claim that any such
action brought has been brought in an inconvenient forum.  Each of the parties
hereto waives any right to request a trial by jury in any litigation with
respect to this agreement and represents that counsel has been consulted
specifically as to this waiver. 

X.TERMINATION 

X.1.Termination Without Default; Expenses.  In the event that the Closing of the
transactions contemplated hereunder has not occurred by April 5th 2019, (the
“Outside Closing Date”) and no material breach of this Agreement by Parent, on
one hand, or the Company, on the other hand, seeking to terminate this Agreement
shall have occurred or have been made, Parent or the Company shall have the
right, at its sole option, to terminate this Agreement without liability to the
other side.  Parent or the Company may exercise such right, as the case may be,
giving written notice to the other at any time after the Outside Closing Date.
 In the event this Agreement is terminated pursuant to this Section 11.1, each
party shall bear its own expenses incurred in connection with this Agreement. 

X.2.Termination Upon Default. 

(a)Parent may terminate this Agreement by giving notice to the Target Company on
or prior to the Closing Date, without prejudice to any rights or obligations
Parent may have, if the Company or any Member shall have materially breached any
representation or warranty or breached any agreement or covenant contained
herein or in any Additional Agreement to be performed on or prior to the Closing
Date and such breach shall not be  

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cured by the earlier of the Outside Closing Date and fifteen (15) days following
receipt by the Company of a notice describing in reasonable detail the nature of
such breach.

(b)The Target Company may terminate this Agreement by giving notice to Parent,
without prejudice to any rights or obligations the Company or Members may have,
if Parent shall have materially breached any of its covenants, agreements,
representations, and warranties contained herein to be performed on or prior to
the Closing Date and such breach shall not be cured by the earlier of the
Outside Closing Date and fifteen (15) days following receipt by Parent of a
notice describing in reasonable detail the nature of such breach. 

X.3.Survival.  The provisions of Articles IX, XI and XII, as well as Section
6.2, shall survive any termination hereof pursuant to Article XI. 

XI.MISCELLANEOUS 

XI.1.Notices.  Any notice hereunder shall be sent in writing, addressed as
specified below, and shall be deemed given: (a) if by hand or recognized courier
service, by 4:00PM on a Business Day, addressee’s day and time, on the date of
delivery, and otherwise on the first business day after such delivery; (b) if by
fax or email, on the date that transmission is confirmed electronically, if by
4:00PM on a Business Day, addressee’s day and time, and otherwise on the first
Business Day after the date of such confirmation; or (c) five (5) days after
mailing by certified or registered mail, return receipt requested.  Notices
shall be addressed to the respective parties as follows (excluding telephone
numbers, which are for convenience only), or to such other address as a party
shall specify to the others in accordance with these notice provisions: 

If to Parent Company:

TOKEN COMMUNITIES LTD

Attention Steven Knight

Suite 932

Europort, Gibraltar

E mail steven.knight.ctg@gmail.com

 

 

with a copy to:

 

Law Offices of David E. Price, PC

#3 Bethesda Metro Center

Suite 700

Bethesda, Md 20184

E mail David@TopTier.eu

 

 

if to VENDORS

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                   LALIT KUMAR VERMA and MANICKAM MAHALINGAM 

                  6401 W Fort Street 

      Detroit MI 48209 

                  E Mail   kumar@sakthiauto.com and manickamm@sakthiauto.com 

 

XI.2.Amendments; No Waivers; Remedies. 

(a)This Agreement cannot be amended, except by a writing signed by each party,
and cannot be terminated orally or by course of conduct.  No provision hereof
can be waived, except by a writing signed by the party against whom such waiver
is to be enforced, and any such waiver shall apply only in the particular
instance in which such waiver shall have been given. 

(b)Neither any failure or delay in exercising any right or remedy hereunder or
in requiring satisfaction of any condition herein nor any course of dealing
shall constitute a waiver of or prevent any party from enforcing any right or
remedy or from requiring satisfaction of any condition.  No notice to or demand
on a party waives or otherwise affects any obligation of that party or impairs
any right of the party giving such notice or making such demand, including any
right to take any action without notice or demand not otherwise required by this
Agreement.  No exercise of any right or remedy with respect to a breach of this
Agreement shall preclude exercise of any other right or remedy, as appropriate
to make the aggrieved party whole with respect to such breach, or subsequent
exercise of any right or remedy with respect to any other breach. 

(c)Except as otherwise expressly provided herein, no statement herein of any
right or remedy shall impair any other right or remedy stated herein or that
otherwise may be available. 

(d)Notwithstanding anything else contained herein, neither shall any party seek,
nor shall any party be liable for, punitive or exemplary damages, under any
tort, contract, equity, or other legal theory, with respect to any breach (or
alleged breach) of this Agreement or any provision hereof or any matter
otherwise relating hereto or arising in connection herewith. 

XI.3.Arm’s Length Bargaining; No Presumption Against Drafter.  This Agreement
has been negotiated at arm’s-length by parties of equal bargaining strength,
each represented by counsel or having had but declined the opportunity to be
represented by counsel and having participated in the drafting of this
Agreement.  This Agreement creates no fiduciary or other special relationship
between the parties, and no such relationship otherwise exists.  No presumption
in favor of or against any party in the construction or interpretation of this
Agreement or any provision hereof shall be made based upon which Person might
have drafted this Agreement or such provision. 

XI.4.Publicity.  Except as required by law, the parties agree that neither they
nor their agents shall issue any press release or make any other public
disclosure concerning the transactions contemplated hereunder without the prior
approval of the other party hereto. 

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XI.5.Expenses.  Except as otherwise expressly set forth herein, all costs and
expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party incurring such cost or expense. 

XI.6.No Assignment or Delegation.  No party may assign any right or delegate any
obligation hereunder, including by merger, consolidation, operation of law, or
otherwise, without the written consent of the other party.  Any purported
assignment or delegation without such consent shall be void, in addition to
constituting a material breach of this Agreement. 

XI.7.Governing Law.  This Agreement shall be construed in accordance with and
governed by the laws of the State of Delaware, without giving effect to the
conflict of laws principles thereof. 

XI.8.Counterparts; facsimile signatures.  This Agreement may be executed in
counterparts, each of which shall constitute an original, but all of which shall
constitute one agreement.  This Agreement shall become effective upon delivery
to each party of an executed counterpart or the earlier delivery to each party
of original, photocopied, or electronically transmitted signature pages that
together (but need not individually) bear the signatures of all other parties. 

XI.9.Entire Agreement.  This Agreement together with the Additional Agreements,
sets forth the entire agreement of the parties with respect to the subject
matter hereof and thereof and supersedes all prior and contemporaneous
understandings and agreements related thereto (whether written or oral), all of
which are merged herein.  No provision of this Agreement or any Additional
Agreement may be explained or qualified by any agreement, negotiations,
understanding, discussion, conduct or course of conduct or by any trade usage.
 Except as otherwise expressly stated herein or any Additional Agreement, there
is no condition precedent to the effectiveness of any provision hereof or
thereof.  No party has relied on any representation from, or warranty or
agreement of, any person in entering into this Agreement, prior hereto or
contemporaneous herewith or any Additional Agreement, except those expressly
stated herein or therein. 

XI.10.Severability.  A determination by a court or other legal authority that
any provision that is not of the essence of this Agreement is legally invalid
shall not affect the validity or enforceability of any other provision hereof.
 The parties shall cooperate in good faith to substitute (or cause such court or
other legal authority to substitute) for any provision so held to be invalid a
valid provision, as alike in substance to such invalid provision as is lawful. 

XI.11.Construction of Certain Terms and References; Captions.  In this
Agreement: 

(a)References to sections and subsections, schedules, and exhibits not otherwise
specified are cross-references to sections and subsections, schedules, and
exhibits of this Agreement. 

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(b)The words “herein,” “hereof,” “hereunder,” and words of similar import refer
to this Agreement and not to any provision of this Agreement, and, unless the
context requires otherwise, “party” means a party signatory hereto. 

(c)Any use of the singular or plural, or the masculine, feminine, or neuter
gender, includes the others, unless the context otherwise requires; “including”
means “including without limitation;” “or” means “and/or;” “any” means “any one,
more than one, or all;” and, unless otherwise specified, any financial or
accounting term has the meaning of the term under United States generally
accepted accounting principles as consistently applied heretofore by the
Company. 

(d)Unless otherwise specified, any reference to any agreement (including this
Agreement), instrument, or other document includes all schedules, exhibits, or
other attachments referred to therein, and any reference to a statute or other
law includes any rule, regulation, ordinance, or the like promulgated
thereunder, in each case, as amended, restated, supplemented, or otherwise
modified from time to time.  Any reference to a numbered schedule means the
same-numbered section of the disclosure schedule. 

(e)If any action is required to be taken or notice is required to be given
within a specified number of days following a specific date or event, the day of
such date or event is not counted in determining the last day for such action or
notice.  If any action is required to be taken or notice is required to be given
on or before a day, which is not a Business Day, such action or notice shall be
considered timely if it is taken or given on or before the next Business Day. 

(f)Captions are not a part of this Agreement, but are included for convenience,
only. 

(g)For the avoidance of any doubt, all references in this Agreement to “the
knowledge or best knowledge of the Company” or similar terms shall be deemed to
include the actual or constructive (e.g., implied by Law) knowledge of the
Manager of the Company. 

XI.12.Further Assurances.  Each party shall execute and deliver such documents
and take such action, as may reasonably be considered within the scope of such
party’s obligations hereunder, necessary to effectuate the transactions
contemplated by this Agreement. 

XI.13.Third Party Beneficiaries.  Neither this Agreement nor any provision
hereof confers any benefit or right upon or may be enforced by any Person not a
signatory hereto. 

[signature pages follow]

 

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