SHARE EXCHANGE AGREEMENT
 
 
THIS AGREEMENT is made effective as of the 21st day of July, 2009
 
AMONG:
 
LABURNUM VENTURES INC., a Nevada corporation, of 404 – 1155 Mainland Street,
Vancouver, British Columbia, V6J 5P2
 
(“Pubco”)
 
AND:
 
AGR STONE & TOOLS USA, INC., a Texas corporation, of 11526 F.M. 2854 Road,
Conroe, TX 77304
 
(“Priveco”)
 
AND:
 
THE UNDERSIGNED SHAREHOLDERS OF PRIVECO AS LISTED ON SCHEDULE 1 ATTACHED HERETO
 
(the “Selling Shareholders”)
 
WHEREAS:
 
A. The Selling Shareholders are the registered and beneficial owners of all
46,186,516 issued and outstanding common shares in the capital of Priveco;
 
B. Pubco has agreed to issue 46,186,516 common shares in the capital of Pubco as
of the Closing Date, as defined herein, to the Selling Shareholders as
consideration for the purchase by Pubco of all of the issued and outstanding
common shares of Priveco held by the Selling Shareholders; and
 
C. Upon the terms and subject to the conditions set forth in this Agreement, the
Selling Shareholders have agreed to sell all of the issued and outstanding
common shares of Priveco held by the Selling Shareholders to Pubco in exchange
for common shares of Pubco.
 
THEREFORE, in consideration of the mutual covenants and agreements herein
contained and other good and valuable consideration (the receipt and sufficiency
of which are hereby acknowledged), the parties covenant and agree as follows:
 
 
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1.  DEFINITIONS
 
1.1 Definitions.  The following terms have the following meanings, unless the
context indicates otherwise:
 
(a)  
“Agreement” shall mean this Agreement, and all the exhibits, schedules and other
documents attached to or referred to in this Agreement, and all amendments and
supplements, if any, to this Agreement;

 
(b)  
“Closing” shall mean the completion of the Transaction, in accordance with
Section 7 hereof, at which the Closing Documents shall be exchanged by the
parties, except for those documents or other items specifically required to be
exchanged at a later time;

 
(c)  
“Closing Date” shall mean a date mutually agreed upon by the parties hereto in
writing and in accordance with Section 10.6 following the satisfaction or waiver
by Pubco and Priveco of the conditions precedent set out in Sections 5.1 and 5.2
respectively, provided that such date shall be no later than six (6) weeks after
delivery of the Priveco Financial Statements to be delivered under Section
5.1(h) hereof;

 
(d)  
“Closing Documents” shall mean the papers, instruments and documents required to
be executed and delivered at the Closing pursuant to this Agreement;

 
(e)  
“Exchange Act” shall mean the United States Securities Exchange Act of 1934, as
amended;

 
(f)  
“GAAP” shall mean United States generally accepted accounting principles applied
in a manner consistent with prior periods;

 
(g)  
“Liabilities” shall include any direct or indirect indebtedness, guaranty,
endorsement, claim, loss, damage, deficiency, cost, expense, obligation or
responsibility, fixed or unfixed, known or unknown, asserted choate or inchoate,
liquidated or unliquidated, secured or unsecured;

 
(h)  
“Priveco Shares” shall mean the 46,186,516 common shares of Priveco held by the
Selling Shareholders, being all of the issued and outstanding common shares of
Priveco beneficially held, either directly or indirectly, by the Selling
Shareholders;

 
(i)  
“Pubco Shares” shall mean the 46,186,516 fully paid and non-assessable common
shares of Pubco, to be issued to the Selling Shareholders by Pubco on the
Closing Date;

 
(j)  
“SEC” shall mean the Securities and Exchange Commission;

 
(k)  
“Securities Act” shall mean the United States Securities Act of 1933, as
amended;

 
(l)  
“Taxes” shall include international, federal, state, provincial and local income
taxes, capital gains tax, value-added taxes, franchise, personal property and
real property taxes, levies, assessments, tariffs, duties (including any customs
duty), business license or other fees, sales, use and any other taxes relating
to the assets of the designated party or the business of the designated party
for all periods up to and including the Closing Date, together with any related
charge or amount, including interest, fines, penalties and additions to tax, if
any, arising out of tax assessments; and

 
(m)  
“Transaction” shall mean the purchase of the Priveco Shares by Pubco from the
Selling Shareholders in consideration for the issuance of the Pubco Shares.

 
 
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1.2 Schedules.  The following schedules are attached to and form part of this
Agreement:
 
Schedule 1
–
Selling Shareholders
Schedule 2A
–
Certificate of Non-U.S. Shareholder
Schedule 2B
–
Certificate of U.S Shareholder
Schedule 3
–
National Instrument 45-106 Investor Questionnaire
Schedule 4
–
Directors and Officers of Priveco
Schedule 5
–
Directors and Officers of Pubco
Schedule 6
–
Priveco Intellectual Property

 
1.3 Currency.  All references to currency referred to in this Agreement are in
United States Dollars (US$), unless expressly stated otherwise.
 
2.  THE OFFER, PURCHASE AND SALE OF SHARES
 
2.1 Offer, Purchase and Sale of Shares.  Subject to the terms and conditions of
this Agreement, the Selling Shareholders hereby covenant and agree to sell,
assign and transfer to Pubco, and Pubco hereby covenants and agrees to purchase
from the Selling Shareholders all of the Priveco Shares held by the Selling
Shareholders.
 
2.2 Consideration.  As consideration for the sale of the Priveco Shares by the
Selling Shareholders to Pubco, Pubco shall allot and issue the Pubco Shares to
the Selling Shareholders in the amount set out opposite each Selling
Shareholder’s name in Schedule 1 on the basis of one Pubco Share for each
Priveco Share held by each Selling Shareholder.  The Selling Shareholders
acknowledge and agree that the Pubco Shares are being issued pursuant to an
exemption from the prospectus and registration requirements of the Securities
Act.  As required by applicable securities law, the Selling Shareholders agree
to abide by all applicable resale restrictions and hold periods imposed by all
applicable securities legislation.  All certificates representing the Pubco
Shares issued on Closing will be endorsed with one of the following legend
pursuant to the Securities Act in order to reflect the fact that the Pubco
Shares will be issued to the Selling Shareholders pursuant to an exemption from
the registration requirements of the Securities Act:
 
For Selling Shareholders not resident in the United States:
 
“THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION
TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN) PURSUANT TO REGULATION
S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).
 
NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE 1933
ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE
OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (AS DEFINED
HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN
EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.  IN
ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED
UNLESS IN COMPLIANCE WITH THE 1933 ACT.  “UNITED STATES” AND “U.S. PERSON” ARE
AS DEFINED BY REGULATION S UNDER THE 1933 ACT.”
 
 
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For Selling Shareholders resident in the United States:
 
“NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR ANY U.S. STATE
SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY
OR INDIRECTLY, IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT,
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS.  IN ADDITION, HEDGING TRANSACTIONS
INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933
ACT.  “UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE
1933 ACT.”
 
2.3 Share Exchange Procedure.  Each Selling Shareholder may exchange his, her or
its certificate representing the Priveco Shares by delivering such certificate
to Pubco duly executed and endorsed in blank (or accompanied by duly executed
stock powers duly endorsed in blank), in each case in proper form for transfer,
with signatures guaranteed, and, if applicable, with all stock transfer and any
other required documentary stamps affixed thereto and with appropriate
instructions to allow the transfer agent to issue certificates for the Pubco
Shares to the holder thereof, together with:
 
(a)  
if the Selling Shareholder is not resident in the United States, a Certificate
of Non-U.S. Shareholder (the “Certificate of Non-US Shareholder”), a copy of
which is set out in Schedule 2A;

 
(b)  
if the Selling Shareholder is resident in the United States, a Certificate of
U.S. Shareholder (the “Certificate of US Shareholder”), a copy of which is set
out in Schedule 2B; and

 
(c)  
a National Instrument 45-106 Investor Questionnaire (the “Questionnaire”), a
copy of which is set out in Schedule 3.

 
2.4 Fractional Shares.  Notwithstanding any other provision of this Agreement,
no certificate for fractional shares of the Pubco Shares will be issued in the
Transaction.  In lieu of any such fractional shares, if any of the Selling
Shareholders would otherwise be entitled to receive a fraction of a share of the
Pubco Shares upon surrender of certificates representing the Priveco Shares for
exchange pursuant to this Agreement, the Selling Shareholders will be entitled
to have such fraction rounded up to the nearest whole number of Pubco Shares and
will receive from Pubco a stock certificate representing same.
 
2.5 Closing Date.  The Closing will take place, subject to the terms and
conditions of this Agreement, on the Closing Date.
 
2.6 Restricted Shares.  The Selling Shareholders acknowledge that the Pubco
Shares issued pursuant to the terms and conditions set forth in this Agreement
will have such hold periods as are required under applicable securities laws and
as a result may not be sold, transferred or otherwise disposed, except pursuant
to an effective registration statement under the Securities Act, or pursuant to
an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and in each case only in accordance with all
applicable securities laws.
 
2.7 Exemptions.  The Selling Shareholders acknowledge that Pubco has advised
such Selling Shareholders that Pubco is relying upon the representations and
warranties of the Selling Shareholders set out in the Questionnaires to issue
the Pubco Shares under an exemption from the prospectus and registration
requirements of the Securities Act (British Columbia) (the “British Columbia
Securities Act”) and, as a consequence, certain protections, rights and remedies
provided by the British Columbia Securities Act, including statutory rights of
rescission or damages, will not be available to the Selling Shareholders.
 
2.8 Canadian Resale Restrictions.  The Selling Shareholders acknowledge that
resale of any of the Pubco Shares by the Selling Shareholders resident in Canada
is restricted except pursuant to an exemption from applicable securities
legislation.
 
 
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3.  REPRESENTATIONS AND WARRANTIES OF PRIVECO
 
As of the Closing, Priveco and the Selling Shareholders, jointly and severally,
represent and warrant to Pubco, and acknowledge that Pubco is relying upon such
representations and warranties, in connection with the execution, delivery and
performance of this Agreement, notwithstanding any investigation made by or on
behalf of Pubco, as follows:
 
3.1 Organization and Good Standing.  Priveco is a corporation duly organized,
validly existing and in good standing under the laws of the State of Texas and
has the requisite corporate power and authority to own, lease and to carry on
its business as now being conducted.  Priveco is duly qualified to do business
and is in good standing as a foreign corporation in each of the jurisdictions in
which Priveco owns property, leases property, does business, or is otherwise
required to do so, where the failure to be so qualified would have a material
adverse effect on the business of Priveco taken as a whole.
 
3.2 Authority.  Priveco has all requisite corporate power and authority to
execute and deliver this Agreement and any other document contemplated by this
Agreement (collectively, the “Priveco Documents”) to be signed by Priveco and to
perform its obligations hereunder and to consummate the transactions
contemplated hereby.  The execution and delivery of each of the Priveco
Documents by Priveco and the consummation of the transactions contemplated
hereby have been duly authorized by Priveco’s board of directors.  No other
corporate or shareholder proceedings on the part of Priveco is necessary to
authorize such documents or to consummate the transactions contemplated
hereby.  This Agreement has been, and the other Priveco Documents when executed
and delivered by Priveco as contemplated by this Agreement will be, duly
executed and delivered by Priveco and this Agreement is, and the other Priveco
Documents when executed and delivered by Priveco as contemplated hereby will be,
valid and binding obligations of Priveco enforceable in accordance with their
respective terms except:
 
(a)  
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and
other laws of general application affecting enforcement of creditors’ rights
generally;

 
(b)  
as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies; and

 
(c)  
as limited by public policy.

 
3.3 Capitalization of Priveco.  The entire authorized capital stock and other
equity securities of Priveco consists of 100,000,000 common shares (the “Priveco
Common Stock”).  As of the date of this Agreement, there are 46,186,516 shares
of Priveco Common Stock issued and outstanding.  All of the issued and
outstanding shares of Priveco Common Stock have been duly authorized, are
validly issued, were not issued in violation of any pre-emptive rights and are
fully paid and non-assessable, are not subject to pre-emptive rights and were
issued in full compliance with the laws of the State of Nevada and its
Constitution and Articles of Association.  There are no outstanding options,
warrants, subscriptions, conversion rights, or other rights, agreements, or
commitments obligating Priveco to issue any additional common shares of Priveco
Common Stock, or any other securities convertible into, exchangeable for, or
evidencing the right to subscribe for or acquire from Priveco any common shares
of Priveco Common Stock.  There are no agreements purporting to restrict the
transfer of the Priveco Common Stock, no voting agreements, shareholders’
agreements, voting trusts, or other arrangements restricting or affecting the
voting of the Priveco Common Stock.
 
3.4 Shareholders of Priveco Common Stock.  As of the Closing Date, Schedule 1
contains a true and complete list of the holders of all issued and outstanding
shares of the Priveco Common Stock including each holder’s name, address and
number of Priveco Shares held.
 
3.5 Directors and Officers of Priveco.  The duly elected or appointed directors
and the duly appointed officers of Priveco are as set out in Schedule 4.
 
3.6 Corporate Records of Priveco.  The corporate records of Priveco, as required
to be maintained by it pursuant to all applicable laws, are accurate, complete
and current in all material respects, and the minute book of Priveco is, in all
material respects, correct and contains all records required by all applicable
laws, as applicable, in regards to all proceedings, consents, actions and
meetings of the shareholders and the board of directors of Priveco.
 
 
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3.7 Non-Contravention.  Neither the execution, delivery and performance of this
Agreement, nor the consummation of the Transaction, will:
 
(a)  
conflict with, result in a violation of, cause a default under (with or without
notice, lapse of time or both) or give rise to a right of termination,
amendment, cancellation or acceleration of any obligation contained in or the
loss of any material benefit under, or result in the creation of any lien,
security interest, charge or encumbrance upon any of the material properties or
assets of Priveco or any of its subsidiaries under any term, condition or
provision of any loan or credit agreement, note, debenture, bond, mortgage,
indenture, lease or other agreement, instrument, permit, license, judgment,
order, decree, statute, law, ordinance, rule or regulation applicable to Priveco
or any of its subsidiaries, or any of their respective material property or
assets;

 
(b)  
violate any provision of the Constitution, Articles of Association or any other
constating documents of Priveco, any of its subsidiaries or any applicable laws;
or

 
(c)  
violate any order, writ, injunction, decree, statute, rule, or regulation of any
court or governmental or regulatory authority applicable to Priveco, any of its
subsidiaries or any of their respective material property or assets.

 
3.8 Actions and Proceedings.  To the best knowledge of Priveco, there is no
basis for and there is no action, suit, judgment, claim, demand or proceeding
outstanding or pending, or threatened against or affecting Priveco or which
involves any of the business, or the properties or assets of Priveco that, if
adversely resolved or determined, would have a material adverse effect on the
business, operations, assets, properties, prospects, or conditions of Priveco
taken as a whole (a “Priveco Material Adverse Effect”).  There is no reasonable
basis for any claim or action that, based upon the likelihood of its being
asserted and its success if asserted, would have such a Priveco Material Adverse
Effect.
 
3.9 Compliance.
 
(a)  
To the best knowledge of Priveco, Priveco is in compliance with, is not in
default or violation in any material respect under, and has not been charged
with or received any notice at any time of any material violation of any
statute, law, ordinance, regulation, rule, decree or other applicable regulation
to the business or operations of Priveco;

 
(b)  
To the best knowledge of Priveco, Priveco is not subject to any judgment, order
or decree entered in any lawsuit or proceeding applicable to its business and
operations that would constitute a Priveco Material Adverse Effect;

 
(c)  
Priveco has duly filed all reports and returns required to be filed by it with
governmental authorities and has obtained all governmental permits and other
governmental consents, except as may be required after the execution of this
Agreement.  All of such permits and consents are in full force and effect, and
no proceedings for the suspension or cancellation of any of them, and no
investigation relating to any of them, is pending or to the best knowledge of
Priveco, threatened, and none of them will be adversely affected by the
consummation of the Transaction; and

 
(d)  
Priveco has operated in material compliance with all laws, rules, statutes,
ordinances, orders and regulations applicable to its business.  Priveco has not
received any notice of any violation thereof, nor is Priveco aware of any valid
basis therefore.

 
3.10 Filings, Consents and Approvals.  No filing or registration with, no notice
to and no permit, authorization, consent, or approval of any public or
governmental body or authority or other personor entityis necessary for the
consummation by Priveco of the Transaction contemplated by this Agreement or to
enable Pubco to continue to conduct Priveco’s business after the Closing Date in
a manner which is consistent with that in which the business is presently
conducted.
 
 
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3.11 Financial Representations.  The audited balance sheets for Priveco for its
last two fiscal years plus any unaudited balance sheets for Priveco for any
interim period ended no later than 35 days before the Closing Date (the “Priveco
Accounting Date”), together with related statements of income, cash flows, and
changes in shareholder’s equity for such fiscal years and interim period then
ended (collectively, the “Priveco Financial Statements”) to be supplied on or
before the Closing Date:
 
(a)  
are in accordance with the books and records of Priveco;

 
(b)  
present fairly the financial condition of Priveco as of the respective dates
indicated and the results of operations for such periods; and

 
(c)  
have been prepared in accordance with  GAAP.

 
Priveco has not received any advice or notification from its independent
certified public accountants that Priveco has used any improper accounting
practice that would have the effect of not reflecting or incorrectly reflecting
in the Priveco Financial Statements or the books and records of Priveco, any
properties, assets, Liabilities, revenues, or expenses.  The books, records, and
accounts of Priveco accurately and fairly reflect, in reasonable detail, the
assets, and Liabilities of Priveco.  Priveco has not engaged in any transaction,
maintained any bank account, or used any funds of Priveco, except for
transactions, bank accounts, and funds which have been and are reflected in the
normally maintained books and records of Priveco.
 
3.12 Absence of Undisclosed Liabilities.  Priveco does not have any material
Liabilities or obligations either direct or indirect, matured or unmatured,
absolute, contingent or otherwise that exceed $5,000, which:
 
(a)  
are not set forth in the Priveco Financial Statements or have not heretofore
been paid or discharged;

 
(b)  
did not arise in the regular and ordinary course of business under any
agreement, contract, commitment, lease or plan specifically disclosed in writing
to Pubco; or

 
(c)  
have not been incurred in amounts and pursuant to practices consistent with past
business practice, in or as a result of the regular and ordinary course of its
business since the date of the last Priveco Financial Statements

 
3.13 Tax Matters.
 
(a)  
As of the date hereof:

 
(i)  
Priveco has timely filed all tax returns in connection with any Taxes which are
required to be filed on or prior to the date hereof, taking into account any
extensions of the filing deadlines which have been validly granted to Priveco,
and

 
(ii)  
all such returns are true and correct in all material respects;

 
(b)  
Priveco has paid all Taxes that have become or are due with respect to any
period ended on or prior to the date hereof, and has established an adequate
reserve therefore on its balance sheets for those Taxes not yet due and payable,
except for any Taxes the non-payment of which will not have a Priveco Material
Adverse Effect;

 
 
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(c)  
Priveco is not presently under or has not received notice of, any contemplated
investigation or audit by regulatory or governmental agency of body or any
foreign or state taxing authority concerning any fiscal year or period ended
prior to the date hereof;

 
(d)  
all Taxes required to be withheld on or prior to the date hereof from employees
for income Taxes, social security Taxes, unemployment Taxes and other similar
withholding Taxes have been properly withheld and, if required on or prior to
the date hereof, have been deposited with the appropriate governmental agency;
and

 
(e)  
to the best knowledge of Priveco, the Priveco Financial Statements contain full
provision for all Taxes including any deferred Taxes that may be assessed to
Priveco for the accounting period ended on the Priveco Accounting Date or for
any prior period in respect of any transaction, event or omission occurring, or
any profit earned, on or prior to the Priveco Accounting Date or for any profit
earned by Priveco on or prior to the Priveco Accounting Date or for which
Priveco is accountable up to such date and all contingent Liabilities for Taxes
have been provided for or disclosed in the Priveco Financial Statements.

 
3.14 Absence of Changes.  Since the Priveco Accounting Date, Priveco has not:
 
(a)  
incurred any Liabilities, other than Liabilities incurred in the ordinary course
of business consistent with past practice, or discharged or satisfied any lien
or encumbrance, or paid any Liabilities, other than in the ordinary course of
business consistent with past practice, or failed to pay or discharge when due
any Liabilities of which the failure to pay or discharge has caused or will
cause any material damage or risk of material loss to it or any of its assets or
properties;

 
(b)  
sold, encumbered, assigned or transferred any material fixed assets or
properties except for ordinary course business transactions consistent with past
practice;

 
(c)  
created, incurred, assumed or guaranteed any indebtedness for money borrowed, or
mortgaged, pledged or subjected any of the material assets or properties of
Priveco or its subsidiaries to any mortgage, lien, pledge, security interest,
conditional sales contract or other encumbrance of any nature whatsoever;

 
(d)  
made or suffered any amendment or termination of any material agreement,
contract, commitment, lease or plan to which it is a party or by which it is
bound, or cancelled, modified or waived any substantial debts or claims held by
it or waived any rights of substantial value, other than in the ordinary course
of business;

 
(e)  
declared, set aside or paid any dividend or made or agreed to make any other
distribution or payment in respect of its capital shares or redeemed, purchased
or otherwise acquired or agreed to redeem, purchase or acquire any of its
capital shares or equity securities;

 
(f)  
suffered any damage, destruction or loss, whether or not covered by insurance,
that materially and adversely effects its business, operations, assets,
properties or prospects;

 
(g)  
suffered any material adverse change in its business, operations, assets,
properties, prospects or condition (financial or otherwise);

 
(h)  
received notice or had knowledge of any actual or threatened labor trouble,
termination, resignation, strike or other occurrence, event or condition of any
similar character which has had or might have an adverse effect on its business,
operations, assets, properties or prospects;

 
 
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(i)  
other than in the ordinary course of business, increased the salaries or other
compensation of, or made any advance (excluding advances for ordinary and
necessary business expenses) or loan to, any of its employees or directors or
made any increase in, or any addition to, other benefits to which any of its
employees or directors may be entitled;

 
(j)  
entered into any transaction other than in the ordinary course of business
consistent with past practice; or

 
(k)  
agreed, whether in writing or orally, to do any of the foregoing.

 
3.15 Absence of Certain Changes or Events.  Since the Priveco Accounting Date,
there has not been:
 
(a)  
a Priveco Material Adverse Effect; or

 
(b)  
any material change by Priveco in its accounting methods, principles or
practices.

 
3.16 Subsidiaries.  Priveco does not have any subsidiaries or agreements of any
nature to acquire any subsidiary or to acquire or lease any other business
operations.
 
3.17 Personal Property.  Priveco possesses, and has good and marketable title of
all property necessary for the continued operation of the business of Priveco as
presently conducted and as represented to Pubco.  All such property is used in
the business of Priveco.  All such property is in reasonably good operating
condition (normal wear and tear excepted), and is reasonably fit for the
purposes for which such property is presently used.  All material equipment,
furniture, fixtures and other tangible personal property and assets owned or
leased by Priveco is owned by Priveco free and clear of all liens, security
interests, charges, encumbrances, and other adverse claims.
 
3.18 Intellectual Property
 
(a)  
Intellectual Property Assets.  Priveco owns or holds an interest in all
intellectual property assets necessary for the operation of the business of
Priveco as it is currently conducted (collectively, the “Intellectual Property
Assets”), including:

 
(i)  
all functional business names, trading names, registered and unregistered
trademarks, service marks, and applications (collectively, the “Marks”);

 
(ii)  
all patents, patent applications, and inventions, methods, processes and
discoveries that may be patentable (collectively, the “Patents”);

 
(iii)  
all copyrights in both published works and unpublished works (collectively, the
“Copyrights”); and

 
(iv)  
all know-how, trade secrets, confidential information, customer lists, software,
technical information, data, process technology, plans, drawings, and blue
prints owned, used, or licensed by Priveco as licensee or licensor
(collectively, the “Trade Secrets”).

 
 
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(b)  
Agreements. Schedule 6 contains a complete and accurate list and summary
description, including any royalties paid or received by Priveco, of all
contracts and agreements relating to the Intellectual Property Assets to which
Priveco is a party or by which Priveco is bound, except for any license implied
by the sale of a product and perpetual, paid-up licenses for commonly available
software programs with a value of less than $500 under which Priveco is the
licensee.  To the best knowledge of Priveco, there are no outstanding or
threatened disputes or disagreements with respect to any such agreement.

 
(c)  
Intellectual Property and Know-How Necessary for the Business.  Except as set
forth in Schedule 6, Priveco is the owner of all right, title, and interest in
and to each of the Intellectual Property Assets, free and clear of all liens,
security interests, charges, encumbrances, and other adverse claims, and has the
right to use without payment to a third party of all the Intellectual Property
Assets.  Except as set forth in Schedule 6, all former and current employees and
contractors of Priveco have executed written contracts, agreements or other
undertakings with Priveco that assign all rights to any inventions,
improvements, discoveries, or information relating to the business of
Priveco.  No employee, director, officer or shareholder of Priveco owns directly
or indirectly in whole or in part, any Intellectual Property Asset which Priveco
is presently using or which is necessary for the conduct of its business.  To
the best knowledge of Priveco, no employee or contractor of Priveco has entered
into any contract or agreement that restricts or limits in any way the scope or
type of work in which the employee may be engaged or requires the employee to
transfer, assign, or disclose information concerning his work to anyone other
than Priveco.

 
(d)  
Patents.  Except as set out in Schedule 6, Priveco does not hold any right,
title or interest in and to any Patent and Priveco has not filed any patent
application with any third party.  To the best knowledge of Priveco, none of the
products manufactured and sold, nor any process or know-how used, by Priveco
infringes or is alleged to infringe any patent or other proprietary night of any
other person or entity.

 
(e)  
Trademarks. Except as set out in Schedule 6, Priveco does not hold any right,
title or interest in and to any Mark and Priveco has not registered or filed any
application to register any Mark with any third party.  To the best knowledge of
Priveco, none of the Marks, if any, used by Priveco infringes or is alleged to
infringe any trade name, trademark, or service mark of any third party.

 
(f)  
Copyrights. Schedule 6 contains a complete and accurate list and summary
description of all Copyrights.  Priveco is the owner of all right, title, and
interest in and to each of the Copyrights, free and clear of all liens, security
interests, charges, encumbrances, and other adverse claims.  If applicable, all
registered Copyrights are currently in compliance with formal legal
requirements, are valid and enforceable, and are not subject to any maintenance
fees or taxes or actions falling due within ninety days after the Closing
Date.  To the best knowledge of Priveco, no Copyright is infringed or has been
challenged or threatened in any way and none of the subject matter of any of the
Copyrights infringes or is alleged to infringe any copyright of any third party
or is a derivative work based on the work of a third party.  All works
encompassed by the Copyrights have been marked with the proper copyright notice.

 
(g)  
Trade Secrets.  Priveco has taken all reasonable precautions to protect the
secrecy, confidentiality, and value of its Trade Secrets.  Priveco has good
title and an absolute right to use the Trade Secrets.  The Trade Secrets are not
part of the public knowledge or literature, and to the best knowledge of
Priveco, have not been used, divulged, or appropriated either for the benefit of
any person or entity or to the detriment of Priveco.  No Trade Secret is subject
to any adverse claim or has been challenged or threatened in any way.

 
3.19 Insurance.  The products sold by and the assets owned by Priveco are
insured under various policies of general product liability and other forms of
insurance consistent with prudent business practices.  All such policies are in
full force and effect in accordance with their terms, no notice of cancellation
has been received, and there is no existing default by Priveco, or any event
which, with the giving of notice, the lapse of time or both, would constitute a
default thereunder.  All premiums to date have been paid in full.
 
 
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3.20 Employees and Consultants.  All employees and consultants of Priveco have
been paid all salaries, wages, income and any other sum due and owing to them by
Priveco, as at the end of the most recent completed pay period.  Priveco is not
aware of any labour conflict with any employees that might reasonably be
expected to have a Priveco Material Adverse Effect.  To the best knowledge of
Priveco, no employee of Priveco is in violation of any term of any employment
contract, non-disclosure agreement, non-competition agreement or any other
contract or agreement relating to the relationship of such employee with Priveco
or any other nature of the business conducted or to be conducted by Priveco.
 
3.21 Certain Transactions.  Priveco is not a guarantor or indemnitor of any
indebtedness of any third party, including any person, firm or corporation.
 
3.22 No Brokers.  Priveco has not incurred any independent obligation or
liability to any party for any brokerage fees, agent’s commissions, or finder’s
fees in connection with the Transaction contemplated by this Agreement.
 
3.23 Completeness of Disclosure.  No representation or warranty by Priveco in
this Agreement nor any certificate, schedule, statement, document or instrument
furnished or to be furnished to Pubco pursuant hereto contains or will contain
any untrue statement of a material fact or omits or will omit to state a
material fact required to be stated herein or therein or necessary to make any
statement herein or therein not materially misleading.
 
4.  REPRESENTATIONS AND WARRANTIES OF PUBCO
 
As of the Closing, Pubco represents and warrants to Priveco and the Selling
Shareholders and acknowledges that Priveco and the Selling Shareholders are
relying upon such representations and warranties in connection with the
execution, delivery and performance of this Agreement, notwithstanding any
investigation made by or on behalf of Priveco or the Selling Shareholders, as
follows:
 
4.1 Organization and Good Standing.  Pubco is duly incorporated, organized,
validly existing and in good standing under the laws of the State of Nevada and
has all requisite corporate power and authority to own, lease and to carry on
its business as now being conducted.  Pubco is qualified to do business and is
in good standing as a foreign corporation in each of the jurisdictions in which
it owns property, leases property, does business, or is otherwise required to do
so, where the failure to be so qualified would have a material adverse effect on
the businesses, operations, or financial condition of Pubco.
 
4.2 Authority.  Pubco has all requisite corporate power and authority to execute
and deliver this Agreement and any other document contemplated by this Agreement
(collectively, the “Pubco Documents”) to be signed by Pubco and to perform its
obligations hereunder and to consummate the transactions contemplated
hereby.  The execution and delivery of each of the Pubco Documents by Pubco and
the consummation by Pubco of the transactions contemplated hereby have been duly
authorized by its board of directors and no other corporate or shareholder
proceedings on the part of Pubco is necessary to authorize such documents or to
consummate the transactions contemplated hereby.  This Agreement has been, and
the other Pubco Documents when executed and delivered by Pubco as contemplated
by this Agreement will be, duly executed and delivered by Pubco and this
Agreement is, and the other Pubco Documents when executed and delivered by
Pubco, as contemplated hereby will be, valid and binding obligations of Pubco
enforceable in accordance with their respective terms, except:
 
(a)  
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and
other laws of general application affecting enforcement of creditors’ rights
generally;

 
(b)  
as limited by laws relating to the availability of specific performance,
injunctive relief, or other equitable remedies; and

 
(c)  
as limited by public policy.

 
 
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4.3 Capitalization of Pubco.  The entire authorized capital stock and other
equity securities of Pubco consists of 200,000,000 shares of common stock with a
par value of $0.001 (the “Pubco Common Stock”).  As of the date of this
Agreement, there are 60,000,000 shares of Pubco Common Stock issued and
outstanding.  All of the issued and outstanding shares of Pubco Common Stock
have been duly authorized, are validly issued, were not issued in violation of
any pre-emptive rights and are fully paid and non-assessable, are not subject to
pre-emptive rights and were issued in full compliance with all federal, state,
and local laws, rules and regulations.  There are no outstanding options,
warrants, subscriptions, phantom shares, conversion rights, or other rights,
agreements, or commitments obligating Pubco to issue any additional shares of
Pubco Common Stock, or any other securities convertible into, exchangeable for,
or evidencing the right to subscribe for or acquire from Pubco any shares of
Pubco Common Stock as of the date of this Agreement.  There are no agreements
purporting to restrict the transfer of the Pubco Common Stock, no voting
agreements, voting trusts, or other arrangements restricting or affecting the
voting of the Pubco Common Stock.
 
4.4 Directors and Officers of Pubco.  The duly elected or appointed directors
and the duly appointed officers of Pubco are as listed on Schedule 5.
 
4.5 Corporate Records of Pubco.  The corporate records of Pubco, as required to
be maintained by it pursuant to the laws of the State of Nevada, are accurate,
complete and current in all material respects, and the minute book of Pubco is,
in all material respects, correct and contains all material records required by
the law of the State of Nevada in regards to all proceedings, consents, actions
and meetings of the shareholders and the board of directors of Pubco.
 
4.6 Non-Contravention.  Neither the execution, delivery and performance of this
Agreement, nor the consummation of the Transaction, will:
 
(a)  
conflict with, result in a violation of, cause a default under (with or without
notice, lapse of time or both) or give rise to a right of termination,
amendment, cancellation or acceleration of any obligation contained in or the
loss of any material benefit under, or result in the creation of any lien,
security interest, charge or encumbrance upon any of the material properties or
assets of Pubco under any term, condition or provision of any loan or credit
agreement, note, debenture, bond, mortgage, indenture, lease or other agreement,
instrument, permit, license, judgment, order, decree, statute, law, ordinance,
rule or regulation applicable to Pubco or any of its material property or
assets;

 
(b)  
violate any provision of the applicable incorporation or charter documents of
Pubco; or

 
(c)  
violate any order, writ, injunction, decree, statute, rule, or regulation of any
court or governmental or regulatory authority applicable to Pubco or any of its
material property or assets.

 
4.7 Validity of Pubco Common Stock Issuable upon the Transaction.  The Pubco
Shares to be issued to the Selling Shareholders upon consummation of the
Transaction in accordance with this Agreement will, upon issuance, have been
duly and validly authorized and, when so issued in accordance with the terms of
this Agreement, will be duly and validly issued, fully paid and non-assessable.
 
4.8 Actions and Proceedings.  To the best knowledge of Pubco, there is no claim,
charge, arbitration, grievance, action, suit, investigation or proceeding by or
before any court, arbiter, administrative agency or other governmental authority
now pending or, to the best knowledge of Pubco, threatened against Pubco which
involves any of the business, or the properties or assets of Pubco that, if
adversely resolved or determined, would have a material adverse effect on the
business, operations, assets, properties, prospects or conditions of Pubco taken
as a whole (a “Pubco Material Adverse Effect”).  There is no reasonable basis
for any claim or action that, based upon the likelihood of its being asserted
and its success if asserted, would have such a Pubco Material Adverse Effect.
 
 
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4.9 Compliance.
 
(a)  
To the best knowledge of Pubco, Pubco is in compliance with, is not in default
or violation in any material respect under, and has not been charged with or
received any notice at any time of any material violation of any statute, law,
ordinance, regulation, rule, decree or other applicable regulation to the
business or operations of Pubco;

 
(b)  
To the best knowledge of Pubco, Pubco is not subject to any judgment, order or
decree entered in any lawsuit or proceeding applicable to its business and
operations that would constitute a Pubco Material Adverse Effect; and

 
(c)  
Pubco has operated in material compliance with all laws, rules, statutes,
ordinances, orders and regulations applicable to its business.  Pubco has not
received any notice of any violation thereof, nor is Pubco aware of any valid
basis therefore.

 
4.10 Filings, Consents and Approvals.  No filing or registration with, no notice
to and no permit, authorization, consent, or approval of any public or
governmental body or authority or other person or entity is necessary for the
consummation by Pubco of the Transaction contemplated by this Agreement to
continue to conduct its business after the Closing Date in a manner which is
consistent with that in which it is presently conducted.
 
4.11 SEC Filings.  Pubco has furnished or made available to Priveco and the
Selling Shareholders a true and complete copy of each report, schedule,
registration statement and proxy statement filed by Pubco with the SEC
(collectively, and as such documents have since the time of their filing been
amended, the “Pubco SEC Documents”). As of their respective dates, the Pubco SEC
Documents complied in all material respects with the requirements of the
Securities Act, or the Exchange Act, as the case may be, and the rules and
regulations of the SEC thereunder applicable to such Pubco SEC Documents.  The
Pubco SEC Documents constitute all of the documents and reports that Pubco was
required to file with the SEC pursuant to the Exchange Act and the rules and
regulations promulgated thereunder by the SEC.
 
4.12 Financial Representations.  Included with the Pubco SEC Documents are true,
correct, and complete copies of audited balance sheets for Pubco dated as of
October 31, 2008 and unaudited balance sheets for Pubco dated as of April 30,
2009 (the “Pubco Accounting Date”), together with related statements of income,
cash flows, and changes in shareholder’s equity for the fiscal year and interim
period then ended (collectively, the “Pubco Financial Statements”).  The Pubco
Financial Statements:
 
(a)  
are in accordance with the books and records of Pubco;

 
(b)  
present fairly the financial condition of Pubco as of the respective dates
indicated and the results of operations for such periods; and

 
(c)  
have been prepared in accordance with US GAAP.

 
Pubco has not received any advice or notification from its independent certified
public accountants that Pubco has used any improper accounting practice that
would have the effect of not reflecting or incorrectly reflecting in the Pubco
Financial Statements or the books and records of Pubco, any properties, assets,
Liabilities, revenues, or expenses.  The books, records, and accounts of Pubco
accurately and fairly reflect, in reasonable detail, the assets, and Liabilities
of Pubco.  Pubco has not engaged in any transaction, maintained any bank
account, or used any funds of Pubco, except for transactions, bank accounts, and
funds which have been and are reflected in the normally maintained books and
records of Pubco.
 
 
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4.13 Absence of Undisclosed Liabilities.  Pubco has no material Liabilities or
obligations either direct or indirect, matured or unmatured, absolute,
contingent or otherwise, which:
 
(a)  
are not set forth in the Pubco Financial Statements or have not heretofore been
paid or discharged;

 
(b)  
did not arise in the regular and ordinary course of business under any
agreement, contract, commitment, lease or plan specifically disclosed in writing
to Priveco; or

 
(c)  
have not been incurred in amounts and pursuant to practices consistent with past
business practice, in or as a result of the regular and ordinary course of its
business since the date of the last Pubco Financial Statements.

 
4.14 Tax Matters.
 
(a)  
Pubco is not presently under and has not received notice of, any contemplated
investigation or audit by the Canada Revenue Agency or the Internal Revenue
Service or any foreign or state taxing authority concerning any fiscal year or
period ended prior to the date hereof;

 
(b)  
All Taxes required to be withheld on or prior to the date hereof from employees
for income Taxes, social security Taxes, unemployment Taxes and other similar
withholding Taxes have been properly withheld and, if required on or prior to
the date hereof, have been deposited with the appropriate governmental agency;
and

 
(c)  
To the best knowledge of Pubco, the Pubco Financial Statements contain full
provision for all Taxes including any deferred Taxes that may be assessed to
Pubco for the accounting period ended on the Pubco Accounting Date or for any
prior period in respect of any transaction, event or omission occurring, or any
profit earned, on or prior to the Pubco Accounting Date or for any profit earned
by Pubco on or prior to the Pubco Accounting Date or for which Pubco is
accountable up to such date and all contingent Liabilities for Taxes have been
provided for or disclosed in the Pubco Financial Statements.

 
4.15 Absence of Changes.  Since the Pubco Accounting Date, except as disclosed
in the Public SEC Documents and except as contemplated in this Agreement, Pubco
has not:
 
(a)  
incurred any Liabilities, other than Liabilities incurred in the ordinary course
of business consistent with past practice, or discharged or satisfied any lien
or encumbrance, or paid any Liabilities, other than in the ordinary course of
business consistent with past practice, or failed to pay or discharge when due
any Liabilities of which the failure to pay or discharge has caused or will
cause any material damage or risk of material loss to it or any of its assets or
properties;

 
(b)  
sold, encumbered, assigned or transferred any material fixed assets or
properties;

 
 
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(c)  
created, incurred, assumed or guaranteed any indebtedness for money borrowed, or
mortgaged, pledged or subjected any of the material assets or properties of
Pubco to any mortgage, lien, pledge, security interest, conditional sales
contract or other encumbrance of any nature whatsoever;

 
(d)  
made or suffered any amendment or termination of any material agreement,
contract, commitment, lease or plan to which it is a party or by which it is
bound, or cancelled, modified or waived any substantial debts or claims held by
it or waived any rights of substantial value, other than in the ordinary course
of business;

 
(e)  
declared, set aside or paid any dividend or made or agreed to make any other
distribution or payment in respect of its capital shares or redeemed, purchased
or otherwise acquired or agreed to redeem, purchase or acquire any of its
capital shares or equity securities;

 
(f)  
suffered any damage, destruction or loss, whether or not covered by insurance,
that materially and adversely effects its business, operations, assets,
properties or prospects;

 
(g)  
suffered any material adverse change in its business, operations, assets,
properties, prospects or condition (financial or otherwise);

 
(h)  
received notice or had knowledge of any actual or threatened labor trouble,
termination, resignation, strike or other occurrence, event or condition of any
similar character which has had or might have an adverse effect on its business,
operations, assets, properties or prospects;

 
(i)  
made commitments or agreements for capital expenditures or capital additions or
betterments exceeding in the aggregate $500;

 
(j)  
other than in the ordinary course of business, increased the salaries or other
compensation of, or made any advance (excluding advances for ordinary and
necessary business expenses) or loan to, any of its employees or directors or
made any increase in, or any addition to, other benefits to which any of its
employees or directors may be entitled;

 
(k)  
entered into any transaction other than in the ordinary course of business
consistent with past practice; or

 
(l)  
agreed, whether in writing or orally, to do any of the foregoing.

 
 
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4.16 Absence of Certain Changes or Events.  Since the Pubco Accounting Date,
except as and to the extent disclosed in the Pubco SEC Documents, there has not
been:
 
(a)  
a Pubco Material Adverse Effect; or

 
(b)  
any material change by Pubco in its accounting methods, principles or practices.

 
4.17 Subsidiaries.  Pubco does not have any subsidiaries or agreements of any
nature to acquire any subsidiary or to acquire or lease any other business
operations, except as disclosed in the Pubco SEC Documents.
 
4.18 Personal Property.  There are no material equipment, furniture, fixtures
and other tangible personal property and assets owned or leased by Pubco, except
as disclosed in the Pubco SEC Documents.
 
4.19 Employees and Consultants.  Pubco does not have any employees or
consultants, except as disclosed in the Pubco SEC Documents.
 
4.20 Material Contracts and Transactions.  Other than as expressly contemplated
by this Agreement, there are no material contracts, agreements, licenses,
permits, arrangements, commitments, instruments, understandings or contracts,
whether written or oral, express or implied, contingent, fixed or otherwise, to
which Pubco is a party except as disclosed in writing to Priveco or as disclosed
in the Pubco SEC Documents.
 
4.21 No Brokers.  Pubco has not incurred any obligation or liability to any
party for any brokerage fees, agent’s commissions, or finder’s fees in
connection with the Transaction contemplated by this Agreement.
 
4.22 Internal Accounting Controls.  Pubco maintains a system of internal
accounting controls sufficient to provide reasonable assurance that (i)
transactions are executed in accordance with management’s general or specific
authorizations, (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with GAAP and to maintain
asset accountability, (iii) access to assets is permitted only in accordance
with management’s general or specific authorization, and (iv) the recorded
accountability for assets is compared with the existing assets at reasonable
intervals and appropriate action is taken with respect to any
differences.  Pubco’s certifying officers have evaluated the effectiveness of
Pubco’s controls and procedures as of end of the filing period prior to the
filing date of the Form 10-Q for the quarter ended April 30, 2009 (such date,
the “Evaluation Date”).  Pubco presented in its most recently filed Form 10-Q
the conclusions of the certifying officers about the effectiveness of the
disclosure controls and procedures based on their evaluations as of the
Evaluation Date.  Since the Evaluation Date, there have been no significant
changes in Pubco’s internal controls (as such term is defined in Item 308 of
Regulation S-K under the Exchange Act) or, to Pubco’s knowledge, in other
factors that could significantly affect Pubco’s internal controls.
 
4.23 Listing and Maintenance Requirements.  Pubco is currently quoted on the OTC
Bulletin Board and has not, in the 12 months preceding the date hereof, received
any notice from the OTC Bulletin Board or the FINRA or any trading market on
which Pubco’s common stock is or has been listed or quoted to the effect that
Pubco is not in compliance with the quoting, listing or maintenance requirements
of the OTCBB or such other trading market.
 
4.24 Application of Takeover Protections.  Pubco and its board of directors have
taken all necessary action, if any, in order to render inapplicable any control
share acquisition, business combination, poison pill (including any distribution
under a rights agreement) or other similar anti-takeover provision under Pubco’s
certificate or articles of incorporation (or similar charter documents) or the
laws of its state of incorporation that is or could become applicable to Pubco
as a result of the transactions under this Agreement or the exercise of any
rights pursuant to this Agreement.
 
 
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4.25 No SEC or FINRA Inquiries.  Neither the Pubco nor any of its past or
present officers or directors is the subject of any formal or informal inquiry
or investigation by the SEC or FINRA.  Pubco currently do not have any
outstanding comment letters or other correspondences from the SEC or the FINRA.
 
4.26 No Liabilities.  Upon Closing, other than legal fees, Pubco shall have no
direct, indirect or contingent liabilities outstanding that exceed $1,000.
 
4.27 Completeness of Disclosure.  No representation or warranty by Pubco in this
Agreement nor any certificate, schedule, statement, document or instrument
furnished or to be furnished to Priveco pursuant hereto contains or will contain
any untrue statement of a material fact or omits or will omit to state a
material fact required to be stated herein or therein or necessary to make any
statement herein or therein not materially misleading.
 
5.  CLOSING CONDITIONS
 
5.1 Conditions Precedent to Closing by Pubco.  The obligation of Pubco to
consummate the Transaction is subject to the satisfaction or written waiver of
the conditions set forth below by a date mutually agreed upon by the parties
hereto in writing and in accordance with Section 10.6.  The Closing of the
Transaction contemplated by this Agreement will be deemed to mean a waiver of
all conditions to Closing.  These conditions precedent are for the benefit of
Pubco and may be waived by Pubco in its sole discretion.
 
(a)  
Representations and Warranties.  The representations and warranties of Priveco
and the Selling Shareholders set forth in this Agreement will be true, correct
and complete in all respects as of the Closing Date, as though made on and as of
the Closing Date and Priveco will have delivered to Pubco a certificate dated as
of the Closing Date, to the effect that the representations and warranties made
by Priveco in this Agreement are true and correct.

 
(b)  
Performance.  All of the covenants and obligations that Priveco and the Selling
Shareholders are required to perform or to comply with pursuant to this
Agreement at or prior to the Closing must have been performed and complied with
in all material respects.

 
(c)  
Transaction Documents.  This Agreement, the Priveco Documents, the Priveco
Financial Statements and all other documents necessary or reasonably required to
consummate the Transaction, all in form and substance reasonably satisfactory to
Pubco, will have been executed and delivered to Pubco.

 
(d)  
Directors’ Resolutions – Priveco.  Pubco will have received copies of
resolutions duly adopted by the board of directors of Priveco approving the
execution and delivery of this Agreement and the consummation of the
transactions contemplated herein.

 
(e)  
No Material Adverse Change.  No Priveco Material Adverse Effect will have
occurred since the date of this Agreement.

 
(f)  
No Action.  No suit, action, or proceeding will be pending or threatened which
would:

 
(i)  
prevent the consummation of any of the transactions contemplated by this
Agreement; or

 
(ii)  
cause the Transaction to be rescinded following consummation.

 
 
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(g)  
Outstanding Shares. Priveco will have no more than 46,186,516 shares of Priveco
Common Stock issued and outstanding on the Closing Date.

 
(h)  
Delivery of Financial Statements. Priveco will have delivered to Pubco the
Priveco Financial Statements, which financial statements will include audited
financial statements for Priveco’s two fiscal years, prepared in accordance with
US GAAP and audited by an independent auditor registered with the Public Company
Accounting Oversight Board in the United States.

 
(i)  
Due Diligence Review of Financial Statements.  Pubco and its accountants will be
reasonably satisfied with their due diligence investigation and review of the
Priveco Financial Statements.

 
(j)  
Due Diligence Generally.  Pubco and its solicitors will be reasonably satisfied
with their due diligence investigation of Priveco that is reasonable and
customary in a transaction of a similar nature to that contemplated by the
Transaction, including:

 
(i)  
materials, documents and information in the possession and control of Priveco
and the Selling Shareholders which are reasonably germane to the Transaction;

 
(ii)  
a physical inspection of the assets of Priveco by Pubco or its representatives;
and

 
(iii)  
title to the material assets of Priveco.

 
(k)  
Compliance with Securities Laws.  Pubco will have received evidence satisfactory
to Pubco that the Pubco Shares issuable in the Transaction will be issuable:

 
(i)  
without registration pursuant to the Securities Act in reliance on a safe harbor
from the registration requirements of the Securities Act provided by Regulation
S; and

 
(ii)  
in reliance upon an exemption from the prospectus and registration requirements
of the British Columbia Securities Act.

 
In order to establish the availability of the safe harbor from the registration
requirements of the Securities Act and the prospectus and registration
requirements of the British Columbia Securities Act for the issuance of Pubco
Shares to each Selling Shareholder, Priveco will deliver to Pubco on Closing, a
Certificate of Non-US Shareholder or Certificate of US Shareholder, as
applicable, and a Questionnaire duly executed by each Selling Shareholder.
 
 
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5.2 Conditions Precedent to Closing by Priveco.  The obligation of Priveco and
the Selling Shareholders to consummate the Transaction is subject to the
satisfaction or written waiver of the conditions set forth below by a date
mutually agreed upon by the parties hereto in writing and in accordance with
Section 10.6.  The Closing of the Transaction will be deemed to mean a waiver of
all conditions to Closing.  These conditions precedent are for the benefit of
Priveco and the Selling Shareholders and may be waived by Priveco and the
Selling Shareholders in their discretion.
 
(a)  
Representations and Warranties.  The representations and warranties of Pubco set
forth in this Agreement will be true, correct and complete in all respects as of
the Closing Date, as though made on and as of the Closing Date and Pubco will
have delivered to Priveco a certificate dated the Closing Date, to the effect
that the representations and warranties made by Pubco in this Agreement are true
and correct.

 
(b)  
Performance.  All of the covenants and obligations that Pubco are required to
perform or to comply with pursuant to this Agreement at or prior to the Closing
must have been performed and complied with in all material respects.  Pubco must
have delivered each of the documents required to be delivered by it pursuant to
this Agreement.

 
(c)  
Transaction Documents.  This Agreement, the Pubco Documents and all other
documents necessary or reasonably required to consummate the Transaction, all in
form and substance reasonably satisfactory to Priveco, will have been executed
and delivered by Pubco.

 
(d)  
Directors’ Resolutions - Pubco. Priveco will have received copies of resolutions
duly adopted by the board of directors of Pubco approving the execution and
delivery of this Agreement and the consummation of the transactions contemplated
herein.

 
(e)  
Surrender of Shares.  Thomas Brown will have surrendered 25,000,000 shares of
common stock for cancellation on Closing.

 
(f)  
No Material Adverse Change.  No Pubco Material Adverse Effect will have occurred
since the date of this Agreement.

 
(g)  
No Action.  No suit, action, or proceeding will be pending or threatened before
any governmental or regulatory authority wherein an unfavorable judgment, order,
decree, stipulation, injunction or charge would result in and/or:

 
(i)  
prevent the consummation of any of the transactions contemplated by this
Agreement; or

 
(ii)  
cause the Transaction to be rescinded following consummation.

 
(h)  
Outstanding Shares.  On the Closing Date and subject to any financing approved
by Priveco, Pubco will have no more than 81,186,516 common shares issued and
outstanding in the capital of Pubco after giving effect to issuance of the Pubco
Shares and the share cancellation described herein.

 
(i)  
Public Market.  On the Closing Date, the shares of Pubco Common Stock will be
quoted on the OTC Bulletin Board.

 
(j)  
Due Diligence Review of Financial Statements.  Priveco and its accountants will
be reasonably satisfied with their due diligence investigation and review of the
Pubco Financial Statements, the Pubco SEC Documents, and the contents thereof,
prepared in accordance with GAAP.

 
(k)  
Due Diligence Generally.  Priveco will be reasonably satisfied with their due
diligence investigation of Pubco that is reasonable and customary in a
transaction of a similar nature to that contemplated by the Transaction.

 
 
 
19

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6.  ADDITIONAL COVENANTS OF THE PARTIES
 
6.1 Notification of Financial Liabilities.  Priveco will immediately notify
Pubco in accordance with Section 10.6 hereof, if Priveco receives any advice or
notification from its independent certified public accounts that Priveco has
used any improper accounting practice that would have the effect of not
reflecting or incorrectly reflecting in the books, records, and accounts of
Priveco, any properties, assets, Liabilities, revenues, or expenses.
Notwithstanding any statement to the contrary in this Agreement, this covenant
will survive Closing and continue in full force and effect.
 
6.2 Access and Investigation.  Between the date of this Agreement and the
Closing Date, Priveco, on the one hand, and Pubco, on the other hand, will, and
will cause each of their respective representatives to:
 
(a)  
afford the other and its representatives full and free access to its personnel,
properties, assets, contracts, books and records, and other documents and data;

 
(b)  
furnish the other and its representatives with copies of all such contracts,
books and records, and other existing documents and data as required by this
Agreement and as the other may otherwise reasonably request; and

 
(c)  
furnish the other and its representatives with such additional financial,
operating, and other data and information as the other may reasonably request.

 
All of such access, investigation and communication by a party and its
representatives will be conducted during normal business hours and in a manner
designed not to interfere unduly with the normal business operations of the
other party.  Each party will instruct its auditors to co-operate with the other
party and its representatives in connection with such investigations.
 
6.3 Confidentiality.  All information regarding the business of Priveco
including, without limitation, financial information that Priveco provides to
Pubco during Pubco’s due diligence investigation of Priveco will be kept in
strict confidence by Pubco and will not be used (except in connection with due
diligence), dealt with, exploited or commercialized by Pubco or disclosed to any
third party (other than Pubco’s professional accounting and legal advisors)
without the prior written consent of Priveco.  If the Transaction contemplated
by this Agreement does not proceed for any reason, then upon receipt of a
written request from Priveco, Pubco will immediately return to Priveco (or as
directed by Priveco) any information received regarding Priveco’s
business.  Likewise, all information regarding the business of Pubco including,
without limitation, financial information that Pubco provides to Priveco during
its due diligence investigation of Pubco will be kept in strict confidence by
Priveco and will not be used (except in connection with due diligence), dealt
with, exploited or commercialized by Priveco or disclosed to any third party
(other than Priveco’s professional accounting and legal advisors) without
Pubco’s prior written consent.  If the Transaction contemplated by this
Agreement does not proceed for any reason, then upon receipt of a written
request from Pubco, Priveco will immediately return to Pubco (or as directed by
Pubco) any information received regarding Pubco’s business.
 
6.4 Notification.  Between the date of this Agreement and the Closing Date, each
of the parties to this Agreement will promptly notify the other parties in
writing if it becomes aware of any fact or condition that causes or constitutes
a material breach of any of its representations and warranties as of the date of
this Agreement, if it becomes aware of the occurrence after the date of this
Agreement of any fact or condition that would cause or constitute a material
breach of any such representation or warranty had such representation or
warranty been made as of the time of occurrence or discovery of such fact or
condition.  Should any such fact or condition require any change in the
Schedules relating to such party, such party will promptly deliver to the other
parties a supplement to the Schedules specifying such change.  During the same
period, each party will promptly notify the other parties of the occurrence of
any material breach of any of its covenants in this Agreement or of the
occurrence of any event that may make the satisfaction of such conditions
impossible or unlikely.
 
6.5 Exclusivity.  Until such time, if any, as this Agreement is terminated,
Priveco and Pubco will not, directly or indirectly, solicit, initiate, entertain
or accept any inquiries or proposals from, discuss or negotiate with, provide
any non-public information to, or consider the merits of any unsolicited
inquiries or proposals from, any person or entity relating to any transaction
involving the sale of the business or assets (other than in the ordinary course
of business), or any of the capital stock of Priveco or Pubco, as applicable, or
any merger, consolidation, business combination, or similar transaction other
than as contemplated by this Agreement.
 
 
20

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6.6 Conduct of Priveco and Pubco Business Prior to Closing.  From the date of
this Agreement to the Closing Date, and except to the extent that Pubco
otherwise consents in writing, Priveco will operate its business substantially
as presently operated and only in the ordinary course and in compliance with all
applicable laws, and use its best efforts to preserve intact its good reputation
and present business organization and to preserve its relationships with persons
having business dealings with it.  Likewise, from the date of this Agreement to
the Closing Date, and except to the extent that Priveco otherwise consents in
writing, Pubco will operate its business substantially as presently operated and
only in the ordinary course and in compliance with all applicable laws, and use
its best efforts to preserve intact its good reputation and present business
organization and to preserve its relationships with persons having business
dealings with it.
 
6.7 Certain Acts Prohibited – Priveco.  Except as expressly contemplated by this
Agreement or for purposes in furtherance of this Agreement, between the date of
this Agreement and the Closing Date, Priveco will not, without the prior written
consent of Pubco:
 
(a)  
amend its Constitution, Articles of Association or other incorporation
documents;

 
(b)  
incur any liability or obligation other than in the ordinary course of business
or encumber or permit the encumbrance of any properties or assets of Priveco
except in the ordinary course of business;

 
(c)  
dispose of or contract to dispose of any Priveco property or assets, including
the Intellectual Property Assets, except in the ordinary course of business
consistent with past practice;

 
(d)  
issue, deliver, sell, pledge or otherwise encumber or subject to any lien any
shares of the Priveco Common Stock, or any rights, warrants or options to
acquire, any such shares, voting securities or convertible securities;

 
(e)  
not:

 
(i)  
declare, set aside or pay any dividends on, or make any other distributions in
respect of the Priveco Common Stock, or

 
(ii)  
split, combine or reclassify any Priveco Common Stock or issue or authorize the
issuance of any other securities in respect of, in lieu of or in substitution
for shares of Priveco Common Stock; or

 
(f)  
not materially increase benefits or compensation expenses of Priveco, other than
as contemplated by the terms of any employment agreement in existence on the
date of this Agreement, increase the cash compensation of any director,
executive officer or other key employee or pay any benefit or amount not
required by a plan or arrangement as in effect on the date of this Agreement to
any such person.

 
6.8 Certain Acts Prohibited - Pubco.  Except as expressly contemplated by this
Agreement, between the date of this Agreement and the Closing Date, Pubco will
not, without the prior written consent of Priveco:
 
(a)  
incur any liability or obligation or encumber or permit the encumbrance of any
properties or assets of Pubco except in the ordinary course of business
consistent with past practice;

 
(b)  
dispose of or contract to dispose of any Pubco property or assets except in the
ordinary course of business consistent with past practice;

 
(c)  
declare, set aside or pay any dividends on, or make any other distributions in
respect of the Pubco Common Stock; or

 
(d)  
materially increase benefits or compensation expenses of Pubco, increase the
cash compensation of any director, executive officer or other key employee or
pay any benefit or amount to any such person.

 
 
21

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6.9 Employment Agreements.  Between the date of this Agreement and the Closing
Date, Priveco will have made necessary arrangements to employ all of the hourly
and salaried employees of Priveco reasonably necessary to operate such business
substantially as presently operated.  Priveco agrees to provide copies of all
such agreements and arrangements that evidence such employment at or prior to
Closing.
 
6.10 Pubco Board of Directors.  The current directors of Pubco will adopt
resolutions appointing Rock Rutherford, John Kuykendall, and M. Todd Rutherford
to the Board of Directors of Pubco and will accept the resignation of Thomas
Brown as director and officer of Pubco, which appointments and resignation will
be effective on Closing.
 
6.11 Pubco Officers.                                           Certain officers
from Priveco will be appointed as officers of Pubco prior to the Closing Date.
 
7.  CLOSING
 
7.1 Closing.  The Closing shall take place on the Closing Date at the offices of
the lawyers for Pubco or at such other location as agreed to by the
parties.  Notwithstanding the location of the Closing, each party agrees that
the Closing may be completed by the exchange of undertakings between the
respective legal counsel for Priveco and Pubco, provided such undertakings are
satisfactory to each party’s respective legal counsel.
 
7.2 Closing Deliveries of Priveco and the Selling Shareholders.  At Closing,
Priveco and the Selling Shareholders will deliver or cause to be delivered the
following, fully executed and in the form and substance reasonably satisfactory
to Pubco:
 
(a)  
copies of all resolutions and/or consent actions adopted by or on behalf of the
board of directors of Priveco evidencing approval of this Agreement and the
Transaction;

 
(b)  
share certificates representing the Priveco Shares as required by Section 2.3 of
this Agreement;

 
(c)  
all certificates and other documents required by Sections 2.3 and 5.1 of this
Agreement;

 
(d)  
the Priveco Documents, the Priveco Financial Statements and any other necessary
documents, each duly executed by Priveco, as required to give effect to the
Transaction;

 
(e)  
copies of all agreements and arrangements required by Section 6.9 of this
Agreement.

 
 
22

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7.3 Closing Deliveries of Pubco.  At Closing, Pubco will deliver or cause to be
delivered the following, fully executed and in the form and substance reasonably
satisfactory to Priveco:
 
(a)  
copies of all resolutions and/or consent actions adopted by or on behalf of the
board of directors of Pubco evidencing approval of this Agreement and the
Transaction;

 
(b)  
all certificates and other documents required by Section 5.2 of this Agreement;

 
(c)  
share certificates representing the 25,000,000 shares held by Thomas Brown, duly
endorsed for transfer and cancellation;

 
(d)  
the Pubco Documents and any other necessary documents, each duly executed by
Pubco, as required to give effect to the Transaction; and

 
(e)  
the resolutions required to effect the changes contemplated in Sections 6.10 of
this Agreement.

 
8.  TERMINATION
 
8.1 Termination.  This Agreement may be terminated at any time prior to the
Closing Date contemplated hereby by:
 
(a)  
mutual agreement of Pubco and Priveco;

 
(b)  
Pubco, if there has been a material breach by Priveco or any of the Selling
Shareholders of any material representation, warranty, covenant or agreement set
forth in this Agreement on the part of Priveco or the Selling Shareholders that
is not cured, to the reasonable satisfaction of Pubco, within ten business days
after notice of such breach is given by Pubco (except that no cure period will
be provided for a breach by Priveco or the Selling Shareholders that by its
nature cannot be cured);

 
(c)  
Priveco, if there has been a material breach by Pubco of any material
representation, warranty, covenant or agreement set forth in this Agreement on
the part of Pubco that is not cured by the breaching party, to the reasonable
satisfaction of Priveco, within ten business days after notice of such breach is
given by Priveco (except that no cure period will be provided for a breach by
Pubco that by its nature cannot be cured);

 
(d)  
Pubco or Priveco, if the Transaction contemplated by this Agreement has not been
consummated within 30 days after the delivery of the Priveco Financial
Statements, unless the parties hereto agree to extend such date in writing;

 
(e)  
Pubco or Priveco, if the Transaction contemplated by this Agreement has not been
consummated within 30 days of the date of this Agreement; or

 
(f)  
Pubco or Priveco if any permanent injunction or other order of a governmental
entity of competent authority preventing the consummation of the Transaction
contemplated by this Agreement has become final and non-appealable.

 
8.2 Effect of Termination.  In the event of the termination of this Agreement as
provided in Section 8.1, this Agreement will be of no further force or effect,
provided, however, that no termination of this Agreement will relieve any party
of liability for any breaches of this Agreement that are based on a wrongful
refusal or failure to perform any obligations.
 
 
23

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9.  INDEMNIFICATION, REMEDIES, SURVIVAL
 
9.1 Certain Definitions.  For the purposes of this Article 9 the terms “Loss”
and “Losses” mean any and all demands, claims, actions or causes of action,
assessments, losses, damages, Liabilities, costs, and expenses, including
without limitation, interest, penalties, fines and reasonable attorneys,
accountants and other professional fees and expenses, but excluding any
indirect, consequential or punitive damages suffered by Pubco or Priveco
including damages for lost profits or lost business opportunities.
 
9.2 Agreement of Priveco to Indemnify. Priveco will indemnify, defend, and hold
harmless, to the full extent of the law, Pubco and its shareholders from,
against, and in respect of any and all Losses asserted against, relating to,
imposed upon, or incurred by Pubco and its shareholders by reason of, resulting
from, based upon or arising out of:
 
(a)  
the breach by Priveco of any representation or warranty of Priveco contained in
or made pursuant to this Agreement, any Priveco Document or any certificate or
other instrument delivered pursuant to this Agreement; or

 
(b)  
the breach or partial breach by Priveco of any covenant or agreement of Priveco
made in or pursuant to this Agreement, any Priveco Document or any certificate
or other instrument delivered pursuant to this Agreement.

 
9.3 Agreement of the Selling Shareholders to Indemnify.  The Selling
Shareholders will indemnify, defend, and hold harmless, to the full extent of
the law, Pubco and its shareholders from, against, and in respect of any and all
Losses asserted against, relating to, imposed upon, or incurred by Pubco and its
shareholders by reason of, resulting from, based upon or arising out of:
 
(a)  
any breach by the Selling Shareholders of Section 2.2 of this Agreement; or

 
(b)  
any misstatement, misrepresentation or breach of the representations and
warranties made by the Selling Shareholders contained in or made pursuant to the
Certificate of Non-US Shareholder, Certificate of US Shareholder or the
Questionnaire executed by each Selling Shareholder as part of the share exchange
procedure detailed in Section 2.3 of this Agreement.

 
9.4 Agreement of Pubco to Indemnify.  Pubco will indemnify, defend, and hold
harmless, to the full extent of the law, Priveco and the Selling Shareholders
from, against, for, and in respect of any and all Losses asserted against,
relating to, imposed upon, or incurred by Priveco and the Selling Shareholders
by reason of, resulting from, based upon or arising out of:
 
(a)  
the breach by Pubco of any representation or warranty of Pubco contained in or
made pursuant to this Agreement, any Pubco Document or any certificate or other
instrument delivered pursuant to this Agreement; or

 
(b)  
the breach or partial breach by Pubco of any covenant or agreement of Pubco made
in or pursuant to this Agreement, any Pubco Document or any certificate or other
instrument delivered pursuant to this Agreement.

 
 
24

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10.  MISCELLANEOUS PROVISIONS
 
10.1 Effectiveness of Representations; Survival.  Each party is entitled to rely
on the representations, warranties and agreements of each of the other parties
and all such representation, warranties and agreement will be effective
regardless of any investigation that any party has undertaken or failed to
undertake.  Unless otherwise stated in this Agreement, and except for instances
of fraud, the representations, warranties and agreements will survive the
Closing Date and continue in full force and effect until one (1) year after the
Closing Date.
 
10.2 Further Assurances.  Each of the parties hereto will co-operate with the
others and execute and deliver to the other parties hereto such other
instruments and documents and take such other actions as may be reasonably
requested from time to time by any other party hereto as necessary to carry out,
evidence, and confirm the intended purposes of this Agreement.
 
10.3 Amendment.  This Agreement may not be amended except by an instrument in
writing signed by each of the parties.
 
10.4 Expenses.  Pubco will bear all costs incurred in connection with the
preparation, execution and performance of this Agreement and the Transaction
contemplated hereby, including all fees and expenses of agents, representatives
and accountants; provided that Pubco and Priveco will bear its respective legal
costs incurred in connection with the preparation, execution and performance of
this Agreement and the Transaction contemplated hereby.
 
10.5 Entire Agreement.  This Agreement, the schedules attached hereto and the
other documents in connection with this transaction contain the entire agreement
between the parties with respect to the subject matter hereof and supersede all
prior arrangements and understandings, both written and oral, expressed or
implied, with respect thereto.  Any preceding correspondence or offers are
expressly superseded and terminated by this Agreement.
 
10.6 Notices.  All notices and other communications required or permitted under
this Agreement must be in writing and will be deemed given if sent by personal
delivery, faxed with electronic confirmation of delivery,
internationally-recognized express courier or registered or certified mail
(return receipt requested), postage prepaid, to the parties at the following
addresses (or at such other address for a party as will be specified by like
notice):
 
If to Priveco or any of the Selling Shareholders:
AGR Stone and Tools USA, Inc.
11526 F.M. 2854 Road ,
Conroe, TX 77304
 
Attention:                                Rock Rutherford
 
Telephone:                               (800) 454-4995
 
Facsimile:                                (936) 539-5729
 
With a copy (which will not constitute notice) to:
 
Clark Wilson LLP
 
Barristers & Solicitors
 
Suite 800 – 885 West Georgia Street
 
Vancouver, British Columbia, Canada
 
V6C 3H1
 

 
25

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Attention:                                Kari F. Richardson
 
Telephone:                               (604) 687-5700
 
Facsimile:                                (604) 687-6314
 
If to Pubco:
 
Laburnum Ventures Inc.
 
414 – 1155 Mainland Street,
 
Vancouver, British Columbia, Canada
 
V6J 5P2
 

 
Attention:                                Thomas Brown
 
Telephone:                               (604) 731-7777
 
Facsimile:                                (604) 632-1730
 
With a copy (which will not constitute notice) to:
 
Bacchus Law Corporation
 
Suite 1820 Cathedral Place
 
925 West Georgia Street
 
Vancouver, British Columbia, Canada
 
V6C 3L2
 
 
26

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Attention:                                Konrad Malik
 
Telephone:                               (604) 632-1283
 
Facsimile:                                (604) 632-1730
 
All such notices and other communications will be deemed to have been received:
 
(a)  
in the case of personal delivery, on the date of such delivery;

 
(b)  
in the case of a fax, when the party sending such fax has received electronic
confirmation of its delivery;

 
(c)  
in the case of delivery by internationally-recognized express courier, on the
business day following dispatch; and

 
(d)  
in the case of mailing, on the fifth business day following mailing.

 
10.7 Headings.  The headings contained in this Agreement are for convenience
purposes only and will not affect in any way the meaning or interpretation of
this Agreement.
 
10.8 Benefits.  This Agreement is and will only be construed as for the benefit
of or enforceable by those persons party to this Agreement.
 
10.9 Assignment.  This Agreement may not be assigned (except by operation of
law) by any party without the consent of the other parties.
 
10.10 Governing Law.  This Agreement will be governed by and construed in
accordance with the laws of the Province of British Columbia applicable to
contracts made and to be performed therein.
 
10.11 Construction.  The language used in this Agreement will be deemed to be
the language chosen by the parties to express their mutual intent, and no rule
of strict construction will be applied against any party.
 
10.12 Gender.  All references to any party will be read with such changes in
number and gender as the context or reference requires.
 
10.13 Business Days.  If the last or appointed day for the taking of any action
required or the expiration of any rights granted herein shall be a Saturday,
Sunday or a legal holiday in the Province of British Columbia, then such action
may be taken or right may be exercised on the next succeeding day which is not a
Saturday, Sunday or such a legal holiday.
 
 
27

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10.14 Counterparts.  This Agreement may be executed in one or more counterparts,
all of which will be considered one and the same agreement and will become
effective when one or more counterparts have been signed by each of the parties
and delivered to the other parties, it being understood that all parties need
not sign the same counterpart.
 
10.15 Fax Execution.  This Agreement may be executed by delivery of executed
signature pages by fax and such fax execution will be effective for all
purposes.
 
10.16 Schedules and Exhibits.  The schedules and exhibits are attached to this
Agreement and incorporated herein.
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day
and year first above written.
 
 
LABURNUM VENTURES INC.
 
 
Per:      /s/ Thomas Brown 
Authorized Signatory
Name: Thomas Brown
Title:   President
 
 
AGR STONE & TOOLS USA, INC.
 
 
Per:      /s/ G.M. Rock Rutherford 
Authorized Signatory
Name: G.M. Rock Rutherford
Title:   President
 
 
 
28

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WITNESSED BY:
 

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Occupation
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G.M. Rock Rutherford

 

WITNESSED BY:
 

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John K. Kuykendall

 

WITNESSED BY:
 

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M. Todd Rutherford

 
 
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Richard Smith

 

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Ken Krohne

 

WITNESSED BY:
 

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Jeffrey Mallory
 

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Kendra Mallory

 
 
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Cedric McCullough

 

WITNESSED BY:
 

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)
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Michael Quinn
 

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Donielle Quinn

 

WITNESSED BY:
 

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Steve P. Crouse

 
 
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)
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Charles G. Fitzpatrick

 

WITNESSED BY:
 

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George Crouse

 

WITNESSED BY:
 

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)
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John P. Crouse

 
 
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Toby Schoch

 

WITNESSED BY:
 

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)
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Lutz Hahne

 

WITNESSED BY:
 

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)
)
)
)
)
)
)
)
)
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John C. Hocut

 
 
33

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)
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Richard Grossman

 

WITNESSED BY:
 
 

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)
)
)
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)
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Jordan G. Westropp

 
 
WITNESSED BY:
 
 

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)
)
)
)
)
)
)
)
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Terrill Purvis

 
 
34

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)
)
)
)
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)
)
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Howard Brooks Purvis

 

WITNESSED BY:
 
 

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)
)
)
)
)
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)
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Michael A. Mallory
 
 
 

 
 
WITNESSED BY:
 
 

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)
)
)
)
)
)
)
)
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Diesal Pilot Consulting, Ltd.
 
Per:                                                               
Authorized Signatory
 

 
 
35

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WITNESSED BY:
 
 

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Name
 

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Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 
 

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Douglas R. Richardson

 
 
WITNESSED BY:
 
 

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Name
 

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Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 

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Carr & Associates, Inc.
 
Per:                                                               
Authorized Signatory

 
 
WITNESSED BY:
 
 

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Name
 

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Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 
 

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Peter Van Etten

 
 
36

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WITNESSED BY:
 
 

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Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 
 

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Kagenobu Nakamoto

 
 
WITNESSED BY:
 
 

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Name
 

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

Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 
 

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Billy Gene Strong

 
 
WITNESSED BY:
 
 

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Name
 

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Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 
 

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David Stratton

 
 
37

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WITNESSED BY:
 
 

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Name
 

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Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 
 

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Craig Rider

 
 
WITNESSED BY:
 
 

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Name
 

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Address
 

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Occupation
)
)
)
)
)
)
)
)
)
)
 
 
 
 
 

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Larry E. Lunger

 
 
38

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SCHEDULE 1
 
TO THE SHARE EXCHANGE AGREEMENT
 
AMONG LABURNUM VENTURES INC., AGR STONE AND TOOLS USA, INC., AND THE SELLING
SHAREHOLDERS AS SET OUT IN THE SHARE EXCHANGE AGREEMENT
 
THE SELLING SHAREHOLDERS
 
Name
Address
Number of Priveco Shares held before Closing
Total Number of Pubco Shares to be issued by Pubco on Closing
G.M.R. Rutherford
238 Lake View Circle
Montgomery, Texas 77356
28,000,000
28,000,000
John D. Kuykendall
100 Lido Circle, C-1
Lakeway, Texas 78734
8,000,000
8,000,000
M. Todd Rutherford
101 Canterbury Green Drive
Montgomery, Texas 77356
4,000,000
4,000,000
Richard Smith
807-633 Kinghorne Mews
Vancouver, BC, V6Z3H3
4,000,000
4,000,000
Ken Krohne
6735 E. County Road 350 N.
Brownsburg, IN 46112
40,000
40,000
Jeffery & Kendra Mallory
6735 E. County Road 350 N.
Brownsburg, IN 46112
10,000
10,000
Cedric McCullough
PO Box 219
Bainbridge, IN 46105
10,000
10,000
Michael & Donielle Quinn
28 Gene Way
St Peters, MO 63376
82,040
82,040
Steve P. Crouse
34 Lawson Farm Road
Londonderry, NH 03053
57,140
57,140
Charles G. Fitzpatrick
70 Saint Rose Street
Jamacia Plain, MA 02130
20,000
20,000
George Crouse
PO Box 483
Middleboro, MA 02346
8,160
8,160
John P. Crouse
40 Apollo Road
Bethel, CT 06801
4,900
4,900
Toby Schoch
40 Addicks Road
Westwood, NJ 07675
4,080
4,080
Lutz Hahne
1515 Baltusrol Drive
Denver, NC 28037
360,000
360,000
John C. Hocut
205 G Lakeview Terrace
Montgomery, Texas 77356
60,000
60,000
Richard Grossman
121 Cape Town Lane
Montgomery, Texas 77356
120,000
120,000
Jordan G. Westropp
1587 Sheridan Road
South Euclid, OH 44121
40,000
40,000
Patrick V. Westropp
138 Elm Court
Chargin Falls, OH 44022
40,000
40,000
Terrill Purvis
2400 Cabana Court
Peoria, IL 61614
10,200
10,200
Howard Brooks Purvis
239 Loren Drive
Corrigan, Texas 75939
16,324
16,324
Michael A. Mallory
5661 N. Banta Rd.
Martinsville, IN 46151
20,408
20,408
Diesal Pilot Consulting, Ltd.
19968 Cresent Court
Montgomery, Texas 77356
163,264
163,264
Douglas R. Richardson
61085 Ropp Lane
Bend, Oregon 97702
120,000
120,000
Carr & Associates, Inc.
16502 N Dale Mabry Highway
Tampa, Florida 33618
100,000
100,000
Peter Van Etten
12118 Silver Creek Drive
Houston, Texas 77070
100,000
100,000
Kagenobu Nakamoto
16233 Summer Dawn Lane
Houston, Texas 77095
50,000
50,000
Billy Gene Strong
11520 FM 2854
Conroe, Texas 77304
600,000
600,000
David Stratton
8600 RR 620 North #2040
Austin, Texas 78726
50,000
50,000
Craig Rider
7828 Pat Booker Road #1114
Live Oak, Texas 78233
50,000
50,000
Larry E. Lunger
81 Lakeview Village
Montgomery, Texas 77356
50,000
50,000
         
Total shares:
46,186,516
46,186,516

 
 
 
39

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SCHEDULE 2 A
 
TO THE SHARE EXCHANGE AGREEMENT
 
AMONG LABURNUM VENTURES INC., AGR STONE AND TOOLS USA, INC.  AND THE SELLING
SHAREHOLDERS AS SET OUT IN THE SHARE EXCHANGE AGREEMENT
 
CERTIFICATE OF NON-U.S. SHAREHOLDER
 
In connection with the issuance of common stock (the “Pubco Shares”) of LABURNUM
VENTURES INC., a Nevada corporation (“Pubco”), to the undersigned, pursuant to
that certain Share Exchange Agreement dated July 21, 2009 (the “Agreement”),
among Pubco, AGR STONE AND TOOLS USA, INC., a Texas corporation (“Priveco”) and
the shareholders of Priveco as set out in the Agreement (each, a “Selling
Shareholder”), the undersigned Selling Shareholder hereby agrees, acknowledges,
represents and warrants that:
 
1.           the undersigned is not a “U.S. Person” as such term is defined by
Rule 902 of Regulation S under the United States Securities Act of 1933, as
amended (“U.S. Securities Act”) (the definition of which includes, but is not
limited to, an individual resident in the U.S. and an estate or trust of which
any executor or administrator or trust, respectively is a U.S. Person and any
partnership or corporation organized or incorporated under the laws of the
U.S.);
 
2.           none of the Pubco Shares have been or will be registered under the
U.S. Securities Act, or under any state securities or “blue sky” laws of any
state of the United States, and may not be offered or sold in the United States
or, directly or indirectly, to U.S. Persons, as that term is defined in
Regulation S, except in accordance with the provisions of Regulation S or
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and in compliance with any
applicable state and foreign securities laws;
 
3.           the Selling Shareholder understands and agrees that offers and
sales of any of the Pubco Shares prior to the expiration of a period of one year
after the date of original issuance of the Pubco Shares (the one year period
hereinafter referred to as the “Distribution Compliance Period”) shall only be
made in compliance with the safe harbor provisions set forth in Regulation S,
pursuant to the registration provisions of the U.S. Securities Act or an
exemption therefrom, and that all offers and sales after the Distribution
Compliance Period shall be made only in compliance with the registration
provisions of the U.S. Securities Act or an exemption therefrom and in each case
only in accordance with applicable state and foreign securities laws;
 
4.           the Selling Shareholder understands and agrees not to engage in any
hedging transactions involving any of the Pubco Shares unless such transactions
are in compliance with the provisions of the U.S. Securities Act and in each
case only in accordance with applicable state and provincial securities laws;
 
5.           the Selling Shareholder is acquiring the Pubco Shares for
investment only and not with a view to resale or distribution and, in
particular, it has no intention to distribute either directly or indirectly any
of the Pubco Shares in the United States or to U.S. Persons;
 
6.           the Selling Shareholder has not acquired the Pubco Shares as a
result of, and will not itself engage in, any directed selling efforts (as
defined in Regulation S under the U.S. Securities Act) in the United States in
respect of the Pubco Shares which would include any activities undertaken for
the purpose of, or that could reasonably be expected to have the effect of,
conditioning the market in the United States for the resale of any of the Pubco
Shares; provided, however, that the Selling Shareholder may sell or otherwise
dispose of the Pubco Shares pursuant to registration thereof under the U.S.
Securities Act and any applicable state and provincial securities laws or under
an exemption from such registration requirements;
 
 
40

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7.           the statutory and regulatory basis for the exemption claimed for
the sale of the Pubco Shares, although in technical compliance with Regulation
S, would not be available if the offering is part of a plan or scheme to evade
the registration provisions of the U.S. Securities Act or any applicable state
and provincial securities laws;
 
8.           Pubco has not undertaken, and will have no obligation, to register
any of the Pubco Shares under the U.S. Securities Act;
 
9.           Pubco is entitled to rely on the acknowledgements, agreements,
representations and warranties and the statements and answers of the Selling
Shareholder contained in the Agreement and this Certificate, and the Selling
Shareholder will hold harmless Pubco from any loss or damage either one may
suffer as a result of any such acknowledgements, agreements, representations
and/or warranties made by the Selling Shareholder not being true and correct;
 
10.         the undersigned has been advised to consult their own respective
legal, tax and other advisors with respect to the merits and risks of an
investment in the Pubco Shares and, with respect to applicable resale
restrictions, is solely responsible (and Pubco is not in any way responsible)
for compliance with applicable resale restrictions;
 
11.         the undersigned and the undersigned’s advisor(s) have had a
reasonable opportunity to ask questions of and receive answers from Pubco in
connection with the acquisition of the Pubco Shares under the Agreement, and to
obtain additional information, to the extent possessed or obtainable by Pubco
without unreasonable effort or expense;
 
12.         the books and records of Pubco were available upon reasonable notice
for inspection, subject to certain confidentiality restrictions, by the
undersigned during reasonable business hours at its principal place of business
and that all documents, records and books in connection with the acquisition of
the Pubco Shares under the Agreement have been made available for inspection by
the undersigned, the undersigned’s attorney and/or advisor(s);
 
13.         the undersigned:
 
 
(a)
is knowledgeable of, or has been independently advised as to, the applicable
securities laws of the securities regulators having application in the
jurisdiction in which the undersigned is resident (the “International
Jurisdiction”) which would apply to the acquisition of the Pubco Shares;

 
 
(b)
the undersigned is acquiring the Pubco Shares pursuant to exemptions from
prospectus or equivalent requirements under applicable securities laws or, if
such is not applicable, the undersigned is permitted to acquire the Pubco Shares
under the applicable securities laws of the securities regulators in the
International Jurisdiction without the need to rely on any exemptions;

 
 
(c)
the applicable securities laws of the authorities in the International
Jurisdiction do not require Pubco to make any filings or seek any approvals of
any kind whatsoever from any securities regulator of any kind whatsoever in the
International Jurisdiction in connection with the issue and sale or resale of
the Pubco Shares; and

 
 
(d)
the acquisition of the Pubco Shares by the undersigned does not trigger:

 
 
(i)
any obligation to prepare and file a prospectus or similar document, or any
other report with respect to such purchase in the International Jurisdiction; or

 
 
(ii)
any continuous disclosure reporting obligation of Pubco in the International
Jurisdiction; and

 
the undersigned will, if requested by Pubco, deliver to Pubco a certificate or
opinion of local counsel from the International Jurisdiction which will confirm
the matters referred to in Sections 13(c) and 13(d) above to the satisfaction of
Pubco, acting reasonably;
 
 
41

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14.           the undersigned (i) is able to fend for itself in connection with
the acquisition of the Pubco Shares; (ii) has such knowledge and experience in
business matters as to be capable of evaluating the merits and risks of its
prospective investment in the Pubco Shares; and (iii) has the ability to bear
the economic risks of its prospective investment and can afford the complete
loss of such investment;
 
15.           the undersigned is not aware of any advertisement of any of the
Pubco Shares and is not acquiring the Pubco Shares as a result of any form of
general solicitation or general advertising including advertisements, articles,
notices or other communications published in any newspaper, magazine or similar
media or broadcast over radio or television, or any seminar or meeting whose
attendees have been invited by general solicitation or general advertising;
 
16.           no person has made to the undersigned any written or oral
representations:
 
 
(a)
that any person will resell or repurchase any of the Pubco Shares;

 
 
(b)
that any person will refund the purchase price of any of the Pubco Shares;

 
 
(c)
as to the future price or value of any of the Pubco Shares; or

 
 
(d)
that any of the Pubco Shares will be listed and posted for trading on any stock
exchange or automated dealer quotation system or that application has been made
to list and post any of the Pubco Shares on any stock exchange or automated
dealer quotation system, except that currently certain market makers make market
in the common shares of Pubco on the OTC Bulletin Board;

 
17.           none of the Pubco Shares are listed on any stock exchange or
automated dealer quotation system and no representation has been made to the
undersigned that any of the Pubco Shares will become listed on any stock
exchange or automated dealer quotation system, except that currently certain
market makers make market in the common shares of Pubco on the OTC Bulletin
Board;
 
18.           the undersigned is outside the United States when receiving and
executing this Agreement and is acquiring the Pubco Shares as principal for
their own account, for investment purposes only, and not with a view to, or for,
resale, distribution or fractionalization thereof, in whole or in part, and no
other person has a direct or indirect beneficial interest in the Pubco Shares;
 
19.           neither the SEC nor any other securities commission or similar
regulatory authority has reviewed or passed on the merits of the Pubco Shares;
 
20.           the Pubco Shares are not being acquired, directly or indirectly,
for the account or benefit of a U.S. Person or a person in the United States;
 
21.           the undersigned acknowledges and agrees that Pubco shall refuse to
register any transfer of Pubco Shares not made in accordance with the provisions
of Regulation S, pursuant to registration under the U.S. Securities Act, or
pursuant to an available exemption from registration under the U.S. Securities
Act;
 
22.           the undersigned understands and agrees that the Pubco Shares will
bear the following legend:
 
“THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION
TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN) PURSUANT TO REGULATION
S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).
 
NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE 1933
ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE
OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (AS DEFINED
HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN
EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.  IN
ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED
UNLESS IN COMPLIANCE WITH THE 1933 ACT.  “UNITED STATES” AND “U.S. PERSON” ARE
AS DEFINED BY REGULATION S UNDER THE 1933 ACT.”
 
 
42

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23.           the address of the undersigned included herein is the sole address
of the undersigned as of the date of this certificate.
 
IN WITNESS WHEREOF, I have executed this Certificate of Non-U.S. Shareholder.
 

 

 
 

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

Signature
 

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

Print Name
 

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

Title (if applicable)
 

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

Address
 

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

  
 
Date: _________________________________, 2009

 
 
 
 
43

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

 
 

SCHEDULE 2B
 
TO THE SHARE EXCHANGE AGREEMENT
 
AMONG LABURNUM VENTURES INC., AGR STONE AND TOOLS USA, INC., AND THE SELLING
SHAREHOLDERS AS SET OUT IN THE SHARE EXCHANGE AGREEMENT
 
CERTIFICATE OF U.S. SHAREHOLDER
 
In connection with the issuance of common stock (the “Pubco Shares”) of LABURNUM
VENTURES INC., a Nevada corporation (“Pubco”), to the undersigned, pursuant to
that certain Share Exchange Agreement dated July 21, 2009 (the “Agreement”),
among Pubco, AGR STONE AND TOOLS USA, INC., a Texas corporation (“Priveco”) and
the shareholders of Priveco as set out in the Agreement (each, a “Selling
Shareholder”), the undersigned Selling Shareholder hereby agrees, acknowledges,
represents and warrants that (please mark either a Category in Section #1 or the
space next to Section #2, whichever applies):
 
1.           the undersigned satisfies one or more of the categories of
"Accredited Investors", as defined by Regulation D promulgated under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”), as
indicated below:  (Please initial in the space provide those categories, if any,
of an "Accredited Investor" which the undersigned satisfies.)
 
______ 
 
  Category 1
An organization described in Section 501(c)(3) of the United States Internal
Revenue Code, a corporation, a Massachusetts or similar business trust or
partnership, not formed for the specific purpose of acquiring the Shares, with
total assets in excess of US $5,000,000.

 
______ 
  Category 2
A natural person whose individual net worth, or joint net worth with that
person's spouse, on the date of purchase exceeds US $1,000,000.

 
______ 
  Category 3
A natural person who had an individual income in excess of US $200,000 in each
of the two most recent years or joint income with that person's spouse in excess
of US $300,000 in each of those years and has a reasonable expectation of
reaching the same income level in the current year.

 
______ 
  Category 4
A "bank" as defined under Section (3)(a)(2) of the 1933 Act or savings and loan
association or other institution as defined in Section 3(a)(5)(A) of the
Securities Act acting in its individual or fiduciary capacity; a broker dealer
registered pursuant to Section 15 of the Securities Exchange Act of 1934 (United
States); an insurance company as defined in Section 2(13) of the 1933 Act; an
investment company registered under the Investment Company Act of 1940 (United
States) or a business development company as defined in Section 2(a)(48) of such
Act; a Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business Investment Act
of 1958 (United States); a plan with total assets in excess of $5,000,000
established and maintained by a state, a political subdivision thereof, or an
agency or instrumentality of a state or a political subdivision thereof, for the
benefit of its employees; an employee benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974 (United States) whose investment
decisions are made by a plan fiduciary, as defined in Section 3(21) of such Act,
which is either a bank, savings and loan association, insurance company or
registered investment adviser, or if the employee benefit plan has total assets
in excess of $5,000,000, or, if a self-directed plan, whose investment decisions
are made solely by persons that are accredited investors.

 
______ 
  Category 5
A private business development company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940 (United States).

 
______ 
  Category 6
A director or executive officer of the Company.

 
______ 
  Category 7
A trust with total assets in excess of $5,000,000, not formed for the specific
purpose of acquiring the Shares, whose purchase is directed by a sophisticated
person as described in Rule 506(b)(2)(ii) under the 1933 Act.

 
______ 
  Category 8
An entity in which all of the equity owners satisfy the requirements of one or
more of the foregoing categories.

 
Note that for any of the Selling Shareholders claiming to satisfy one of the
above categories of Accredited Investor may be required to supply the Company
with a balance sheet, prior years' federal income tax returns or other
appropriate documentation to verify and substantiate the Subscriber's status as
an Accredited Investor.
 
If the Selling Shareholder is an entity which initialled Category 8 in reliance
upon the Accredited Investor categories above, state the name, address, total
personal income from all sources for the previous calendar year, and the net
worth (exclusive of home, home furnishings and personal automobiles) for each
equity owner of the said entity:
 
 
44

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________________________________________________________________________________
2.         _________ The Selling Shareholder understands and acknowledges that
(a) the Shares are being offered and sold under one or more of the exemptions
from registration provided for in Section 4(2) of the  Securities  Act of
1993,  as  amended  (the  "Securities  Act"),  including any applicable state
securities laws, (b) the Selling Shareholder has reviewed the confidential
business plan of the Company or such other  material  documents  of the Company
as the  undersigned  has deemed necessary or  appropriate  for purposes of
purchasing the Shares, including this agreement (collectively, the "Offering
Documents"); and (c) this transaction has not been  reviewed or  approved by the
United  States  Securities  and  Exchange Commission or by any regulatory
authority charged with the administration of the securities laws of any state or
foreign country.

(a) Sophistication of Selling Shareholder. The Selling Shareholder either (i)
has a preexisting personal or business  relationship with the Company or its
controlling  persons, such as would enable a reasonably prudent Selling
Shareholder to be aware of the character
and  general  business  and  financial  circumstances  of  the  Company  or  its
controlling  persons,  or (ii) by reason of the Selling Shareholder's business
or financial experience,  individually  or in conjunction  with the  Selling
Shareholder's  unaffiliated professional advisors who are not compensated by the
Company or any affiliate or selling agent of the Company,  directly or
indirectly,  is capable of evaluating the  merits  and  risks of
an  investment  in the  Shares,  making  an  informed investment  decision
and  protecting  the Selling Shareholder's own interests in connection with the
transactions contemplated hereby.

(b) Suitability.  The Selling Shareholder  understands and has fully  considered
for purposes of this investment the risks of this  investment
and  understands  that (i) this  investment  is suitable  only for an Selling
Shareholder  who is able to bear the economic  consequences  of losing
the  Selling Shareholder's  entire  investment;  (ii) the Company is a
start-up  enterprise with no significant  operating history;  (iii) the purchase
of the Shares is a  speculative  investment  which  involves a high degree of
risk of loss by the Selling Shareholder of the Selling Shareholder's entire
investment,  and (iv) there are substantial restrictions on
the  transferability  of, and there will be no public market for, the Shares,
and  accordingly,  it may not be  possible  for the  Selling Shareholder
to  liquidate  the Selling Shareholder's investment in the Shares.

(c) Lack of Liquidity.  The Selling Shareholder is able (i) to bear the economic
risk of this investment, (ii) to hold the Shares for an indefinite period of
time, and (iii) to afford a complete loss of the Selling Shareholder's
investment; and represents that the Selling Shareholder has sufficient liquid
assets so that the lack of liquidity associated with this investment will not
cause any undue financial difficulties or affect the Selling Shareholder's
ability to provide for the Selling Shareholder's current needs and possible
financial contingencies.

(d) Access to Information. The Selling Shareholder, in making the Selling
Shareholder's decision to purchase the Shares, has relied solely upon
independent  investigations  made by the Selling Shareholder and
the  representations and warranties of the Company contained herein and
the  Selling Shareholder  has been given (i)  access to all  material  books and
records of the Company;  (ii) access to all  material  contracts  and  documents
relating to this offering;  and (iii) an opportunity to ask questions of, and to
receive  answers  from,  the  appropriate  executive  officers and other persons
acting  on  behalf  of the  Company  concerning  the  Company  and the terms and
conditions of this offering,  and to obtain any additional  information,  to the
extent  such  persons  possess  such  information  or  can  acquire  it  without
unreasonable  effort  or  expense,  necessary  to  verify  the  accuracy  of the
information set forth in the Offering Documents.  The Selling Shareholder
acknowledges that no valid  request to the Company by the  Selling
Shareholder  for  information  of any kind about  the  Company  has
been  refused  or  denied  by the  Company  or  remains unfulfilled as of the
date thereof.

(e)  Investment Intent. The Shares are being acquired by the Selling Shareholder
solely for the Selling Shareholder's own personal  account,  for
investment  purposes only, and not with a view to,  or
in  connection  with,  any  resale  or  distribution thereof; the Selling
Shareholder has no contract, undertaking,  understanding, agreement or
arrangement,  formal or informal, with any person to sell, transfer or pledge to
any  person the Shares for which the  Selling
Shareholder  hereby  subscribes,  or any part thereof, any interest  therein or
any rights  thereto;  the Selling Shareholder has no present  plans to enter
into any such contract,  undertaking,  agreement or  arrangement;  and the
Selling Shareholder understands the legal consequences of the foregoing
representations and warranties  to mean  that  the  Selling
Shareholder  must  bear  the  economic  risk of the investment  for
an  indefinite  period of time  because the Shares have not been
registered  under the Securities Act and applicable  state  securities laws and,
therefore,  cannot be sold unless  they are  subsequently  registered  under the
Securities Act and applicable  state  securities  laws (which the Company is not
obligated, and has no current intention, to do) or unless an exemption from such
registration is available.

(k) No Brokers. The Selling Shareholder has not engaged any broker, dealer,
finder, commission agent or other similar person in connection with the offer,
offer for sale, or sale of the Shares and is not under any obligation to pay any
broker's fee or commission in connection with the Selling Shareholder's
investment.

(l) Securities Act Compliance. The Selling Shareholder understands that the
Shares have not been  registered  under the  Securities  Act,  by reason of
a  specific exemption  under the provisions of the Securities Act which depends
in part upon the investment  intent and the aforesaid  representations  and
warranties of the Selling Shareholder and that, in issuing the Shares to the
Selling Shareholder, the Company is relying upon said representations and
warranties. The Selling Shareholder also understands that any routine sales of
the Shares in reliance upon Rule 144 under the Securities Act, if the provisions
of such Rule should then be available as to the Shares, can be made only after
the holding period specified in the Rule, in limited amounts, and
in  accordance  with all the terms and  conditions of that Rule and that, in the
case of securities  to which that Rule is not  applicable,  compliance  with
Regulation A under the Securities Act or some other  exemption will be required.
The Selling Shareholder understands that Rule 144 is not now available as to the
Shares. The Selling Shareholder understands that the Company is under no
obligation to register the Shares  or to  comply  with  Regulation  A
or  any  other  exemption  under  the Securities  Act or to supply
any  information  necessary to permit routine sales under Rule 144. The Selling
Shareholder understands that the Company may, if it so desires, permit the
transfer of the Shares only when such shares are the subject of an effective
registration statement under the Securities Act or when the Company has received
an opinion of counsel that such registration is not required under the
Securities  Act. The Selling Shareholder agrees to furnish such documentation
and undertakings as the Company and its counsel may reasonably require in
connection with any such opinion, whether under Rule 144 or some specific
exemption under the Act.
 
 
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3.           none of the Pubco Shares have been or will be registered under the
U.S. Securities Act, or under any state securities or “blue sky” laws of any
state of the United States, and may not be offered or sold in the United States
or, directly or indirectly, to U.S. Persons, as that term is defined in
Regulation S, except in accordance with the provisions of Regulation S or
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and in compliance with any
applicable state and foreign securities laws;
 
4.           the Selling Shareholder understands and agrees that offers and
sales of any of the Pubco Shares shall be made only in compliance with the
registration provisions of the U.S. Securities Act or an exemption therefrom and
in each case only in accordance with applicable state and foreign securities
laws;
 
5.           the Selling Shareholder understands and agrees not to engage in any
hedging transactions involving any of the Pubco Shares unless such transactions
are in compliance with the provisions of the U.S. Securities Act and in each
case only in accordance with applicable state and provincial securities laws;
 
6.           the Selling Shareholder is acquiring the Pubco Shares for
investment only and not with a view to resale or distribution and, in
particular, it has no intention to distribute either directly or indirectly any
of the Pubco Shares in the United States or to U.S. Persons;
 
7.           Pubco has not undertaken, and will have no obligation, to register
any of the Pubco Shares under the U.S. Securities Act;
 
8.           Pubco is entitled to rely on the acknowledgements, agreements,
representations and warranties and the statements and answers of the Selling
Shareholder contained in the Agreement and this Certificate, and the Selling
Shareholder will hold harmless Pubco from any loss or damage either one may
suffer as a result of any such acknowledgements, agreements, representations
and/or warranties made by the Selling Shareholder not being true and correct;
 
9.           the undersigned has been advised to consult their own respective
legal, tax and other advisors with respect to the merits and risks of an
investment in the Pubco Shares and, with respect to applicable resale
restrictions, is solely responsible (and Pubco is not in any way responsible)
for compliance with applicable resale restrictions;
 
10.           the undersigned and the undersigned’s advisor(s) have had a
reasonable opportunity to ask questions of and receive answers from Pubco in
connection with the acquisition of the Pubco Shares under the Agreement, and to
obtain additional information, to the extent possessed or obtainable by Pubco
without unreasonable effort or expense;
 
11.           the books and records of Pubco were available upon reasonable
notice for inspection, subject to certain confidentiality restrictions, by the
undersigned during reasonable business hours at its principal place of business
and that all documents, records and books in connection with the acquisition of
the Pubco Shares under the Agreement have been made available for inspection by
the undersigned, the undersigned’s attorney and/or advisor(s);
 
 
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12.           the undersigned:
 
 
(a)
is knowledgeable of, or has been independently advised as to, the applicable
securities laws of the securities regulators having application in the
jurisdiction in which the undersigned is resident (the “International
Jurisdiction”) which would apply to the acquisition of the Pubco Shares;

 
 
(b)
the undersigned is acquiring the Pubco Shares pursuant to exemptions from
prospectus or equivalent requirements under applicable securities laws or, if
such is not applicable, the undersigned is permitted to acquire the Pubco Shares
under the applicable securities laws of the securities regulators in the
International Jurisdiction without the need to rely on any exemptions;

 
 
(c)
the applicable securities laws of the authorities in the International
Jurisdiction do not require Pubco to make any filings or seek any approvals of
any kind whatsoever from any securities regulator of any kind whatsoever in the
International Jurisdiction in connection with the issue and sale or resale of
the Pubco Shares; and

 
 
(d)
the acquisition of the Pubco Shares by the undersigned does not trigger:

 
 
(i)
any obligation to prepare and file a prospectus or similar document, or any
other report with respect to such purchase in the International Jurisdiction; or

 
 
(ii)
any continuous disclosure reporting obligation of Pubco in the International
Jurisdiction; and

 
the undersigned will, if requested by Pubco, deliver to Pubco a certificate or
opinion of local counsel from the International Jurisdiction which will confirm
the matters referred to in Sections 11(c) and 11(d) above to the satisfaction of
Pubco, acting reasonably;
 
13.           the undersigned (i) is able to fend for itself in connection with
the acquisition of the Pubco Shares; (ii) has such knowledge and experience in
business matters as to be capable of evaluating the merits and risks of its
prospective investment in the Pubco Shares; and (iii) has the ability to bear
the economic risks of its prospective investment and can afford the complete
loss of such investment;
 
14.           the undersigned is not aware of any advertisement of any of the
Pubco Shares and is not acquiring the Pubco Shares as a result of any form of
general solicitation or general advertising including advertisements, articles,
notices or other communications published in any newspaper, magazine or similar
media or broadcast over radio or television, or any seminar or meeting whose
attendees have been invited by general solicitation or general advertising;
 
15.           no person has made to the undersigned any written or oral
representations:
 
 
(a)
that any person will resell or repurchase any of the Pubco Shares;

 
 
(b)
that any person will refund the purchase price of any of the Pubco Shares;

 
 
(c)
as to the future price or value of any of the Pubco Shares; or

 
 
(d)
that any of the Pubco Shares will be listed and posted for trading on any stock
exchange or automated dealer quotation system or that application has been made
to list and post any of the Pubco Shares on any stock exchange or automated
dealer quotation system, except that currently certain market makers make market
in the common shares of Pubco on the OTC Bulletin Board;

 
 
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16.           none of the Pubco Shares are listed on any stock exchange or
automated dealer quotation system and no representation has been made to the
undersigned that any of the Pubco Shares will become listed on any stock
exchange or automated dealer quotation system, except that currently certain
market makers make market in the common shares of Pubco on the OTC Bulletin
Board;
 
17.           the undersigned is acquiring the Pubco Shares as principal for
their own account, for investment purposes only, and not with a view to, or for,
resale, distribution or fractionalization thereof, in whole or in part, and no
other person has a direct or indirect beneficial interest in the Pubco Shares;
 
18.           neither the SEC nor any other securities commission or similar
regulatory authority has reviewed or passed on the merits of the Pubco Shares;
 
19.           the undersigned acknowledges and agrees that Pubco shall refuse to
register any transfer of Pubco Shares not made in accordance with the provisions
of Regulation S, pursuant to registration under the U.S. Securities Act, or
pursuant to an available exemption from registration under the U.S. Securities
Act;
 
20.           the undersigned understands and agrees that the Pubco Shares will
bear the following legend:
 
“NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR ANY U.S. STATE
SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY
OR INDIRECTLY, IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT,
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS.  IN ADDITION, HEDGING TRANSACTIONS
INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933
ACT.  “UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE
1933 ACT.”
 
21.           the address of the undersigned included herein is the sole address
of the undersigned as of the date of this certificate.
 
IN WITNESS WHEREOF, I have executed this Certificate of U.S. Shareholder.
 
 
 

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

Signature
 

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

Print Name
 

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

Title (if applicable)
 

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

Address
 

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

  
 
Date: _________________________________, 2009

 
 
 
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SCHEDULE 3
 
TO THE SHARE EXCHANGE AGREEMENT
 
AMONG LABURNUM VENTURES INC., AGR STONE AND TOOLS USA, INC., AND THE SELLING
SHAREHOLDERS AS SET OUT IN THE SHARE EXCHANGE AGREEMENT
 
NATIONAL INSTRUMENT 45-106 INVESTOR QUESTIONNAIRE
 
The purpose of this Questionnaire is to assure LABURNUM VENTURES INC. (“Pubco”)
that the Selling Shareholders will meet certain requirements for the
registration and prospectus exemptions provided for under National Instrument
45-106 (“NI 45-106”), as adopted by the British Columbia Securities Commission
in respect to the issuance of the Pubco Shares pursuant to the
Transaction.  Pubco will rely on the information contained in this Questionnaire
for the purposes of such determination.
 
The undersigned Selling Shareholder covenants, represents and warrants to Pubco
that:
 
1. the Selling Shareholder is (check one or more of the following boxes):
 
(a)
a director, executive officer, employee or control person of Pubco or an
affiliate of Pubco
 o
(b)
a spouse, parent, grandparent, brother, sister or child of a director, executive
officer or control person of Pubco or an affiliate of Pubco
 o
(c)
a parent, grandparent, brother, sister or child of the spouse of a director,
executive officer or control person of Pubco or an affiliate of Pubco
 o
(d)
a close personal friend of a director, executive officer or control person of
Pubco or an affiliate of Pubco
 o
(e)
a close business associate of a director, executive officer or control person of
Pubco or an affiliate of Pubco
 o
(f)
a founder of Pubco or a spouse, parent, grandparent, brother, sister, child,
close personal friend or close business associate of a founder of Pubco
 o
(g)
a parent, grandparent, brother, sister or child of the spouse of a founder of
Pubco
 o
(h)
a company, partnership or other entity which a majority of the voting securities
are beneficially owned by, or a majority of the directors are, persons or
companies as described in paragraphs (a) to (g) above
 o
(i)
purchasing the Pubco Shares as principal with an aggregate value of more than
CDN$150,000
 o
(j)
an accredited investor
 o  

 
2. if the Selling Shareholder has checked one or more of boxes b, c, d, e, f, g
or h in section 1 above, the director(s), executive officer(s), control
person(s) or founder(s) of Pubco with whom the Selling Shareholder has the
relationship is:

     

 
(Instructions to Selling Shareholder:  fill in the name of each director,
executive officer, founder and control person which you have the above-mentioned
relationship with.  If you have checked box h, also indicate which of a to g
describes the securityholders or directors which qualify you as box h and
provide the names of those individuals.  Please attach a separate page if
necessary).
 
 
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3. If the Subscriber has ticked box j in section 1 above, the Selling
Shareholder acknowledges and agrees that Pubco shall not consider the Selling
Shareholder’s request for Pubco Shares for acceptance unless the undersigned
provides to Pubco:
 

  (i) the information required in sections 4 and 5; and      
 
(ii)
such other supporting documentation that Pubco or its legal counsel may request
to establish the Selling Shareholder’s qualification as an Accredited Investor;

 
4. the Selling Shareholder has such knowledge and experience in financial and
business matters as to be capable of evaluating the merits and risks of the
Transaction and the Selling Shareholder is able to bear the economic risk of
loss arising from such Transaction;
 
5. the Selling Shareholder satisfies one or more of the categories of
“accredited investor” (as that term is defined in NI 45-106) indicated below
(please check the appropriate box):
 
 
 o
an individual who, either alone or with a spouse, beneficially owns, directly or
indirectly, financial assets (as defined in NI 45-106) having an aggregate
realizable value that, before taxes, but net of any related liabilities, exceeds
CDN$1,000,000;

 
 
 o
an individual whose net income before taxes exceeded CDN$200,000 in each of the
two most recent calendar years or whose net income before taxes combined with
that of a spouse exceeded CDN$300,000 in each of those years and who, in either
case, reasonably expects to exceed that net income level in the current calendar
year;

 
 
 o
an individual who, either alone or with a spouse, has net assets of at least
CDN$5,000,000;

 
 
 o
an entity, other than an individual or investment fund, that has net assets of
at least CDN$5,000,000 as shown on its most recently prepared financial
statements;

 
 
 o
an entity registered under the securities legislation of a jurisdiction of
Canada as an advisor or dealer, other than a person registered solely as a
limited market dealer under one or both of the Securities Act (British Columbia)
or the Securities Act (Newfoundland and Labrador), or any entity organized in a
foreign jurisdiction that is analogous to any such person or entity; or

 
 
 o
an entity in respect of which all of the owners of interests, direct, indirect
or beneficial, except the voting securities required by law to be owned by
directors, are persons or companies that are accredited investors.

 
The Selling Shareholder acknowledges and agrees that the Selling Shareholder may
be required by Pubco to provide such additional documentation as may be
reasonably required by Pubco and its legal counsel in determining the Selling
Shareholder’s eligibility to acquire the Pubco Shares under relevant securities
legislation.
 
 
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IN WITNESS WHEREOF, the undersigned has executed this Questionnaire as of the
____ day of__________, 2009.
 
 
____________________________________
Signature
 
____________________________________
Print Name
 
 
____________________________________
 
Title (if applicable)
 
 
 
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SCHEDULE 4 
 
TO THE SHARE EXCHANGE AGREEMENT
 
AMONG LABURNUM VENTURES INC., AGR STONE AND TOOLS USA, INC., AND THE SELLING
SHAREHOLDERS AS SET OUT IN THE SHARE EXCHANGE AGREEMENT
 
DIRECTORS AND OFFICERS OF PRIVECO
 

Directors:
G.M. Rock Rutherford
John Kuykendall
M. Todd Rutherford
 
Officers:
G.M. Rock Rutherford – President, Chief Executive Officer
John Kuykendall – Vice President, Chief Financial Officer, Principal Accounting
Officer, Secretary and Treasurer
M. Todd Rutherford – Vice President, Chief Operations Officer

 

 
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SCHEDULE 5
 
TO THE SHARE EXCHANGE AGREEMENT
 
AMONG LABURNUM VENTURES INC., AGR STONE AND TOOLS USA, INC., AND THE SELLING
SHAREHOLDERS AS SET OUT IN THE SHARE EXCHANGE AGREEMENT
 
DIRECTORS AND OFFICERS OF PUBCO
 

Directors:
Thomas Brown
 
Officers:
Name
Office
Thomas Brown
President, Chief Executive Officer, Chief Financial Officer, Principal
Accounting Officer, Secretary and Treasurer

 
 
 
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SCHEDULE 6
 
TO THE SHARE EXCHANGE AGREEMENT
 
AMONG LABURNUM VENTURES INC., AGR STONE AND TOOLS USA, INC., AND THE SELLING
SHAREHOLDERS AS SET OUT IN THE SHARE EXCHANGE AGREEMENT
 
PRIVECO INTELLECTUAL PROPERTY
 
54