ASSET PURCHASE AND DOMAIN NAME, WEB SITE CONTENT AND

TRADEMARK ASSIGNMENT AGREEMENT

 

This ASSET PURCHASE AND DOMAIN NAME, WEB SITE CONTENT AND TRADEMARK ASSIGNMENT
AGREEMENT (this “Agreement”) is entered into and made effective as of March 4,
2013 (the “Effective Date”) by and between Monster Offers, a Nevada corporation
(“Monster Offers”) and Iconosys, Inc., a California corporation (“Iconosys”)
(individually, the “Party,” and collectively, the “Parties”), with reference to
the following facts:

 

A. Iconosys owns all right, title and interest in and to the Deal Buzzer Assets
(as defined below).

 

B. In connection with that certain Master Purchase Agreement dated as of the
Effective Date and entered into between the Parties (the “MPA”), Iconosys
desires to sell, convey, transfer, assign and deliver to Monster Offers, and
Monster Offers desires to purchase from Iconosys, all right, title and interest
in and to the Deal Buzzer Assets, free and clear of any Encumbrance (as defined
below) pursuant to the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the above premises and of the mutual
covenants and agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
each of the Parties, the Parties hereby agree as follows:

 

1. Definitions. As used in this Agreement, the following defined terms have the
following meanings:

 

1.1 “Encumbrance” shall mean any lien, pledge, hypothecation, charge, mortgage,
lease, deed of trust, security interest, encumbrance, claim, infringement,
option, right of first refusal, preemptive right, community property interest,
or restriction of any nature on any asset.

 

1.2 “Intellectual Property Rights” shall mean, means all intellectual property
and proprietary rights worldwide, whether or not registered, including without
limitation any and all foreign and domestic trade names, trademarks, service
marks, domain names, copyrights, moral rights, trade secret rights, patent and
all associated rights and all registrations, applications, renewals, extensions
and continuations (in whole or in part) of any of the foregoing, together with
all goodwill associated therewith and all rights and causes of action for
infringement, misappropriation, misuse, dilution, unfair trade practice or
otherwise associated therewith.

 

1.3 “Deal Buzzer Asset Domain Name(s)” means the domain name(s) listed on
Exhibit A attached to this Agreement.

 

1.4 “Deal Buzzer Asset Trademark(s)” means the trademarks listed on Exhibit B
attached to this Agreement.

 

1.5 “Deal Buzzer Asset Web Site(s) and App(s)” means the web sites and related
urls listed on Exhibit C.

 

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1.6 “Deal Buzzer Asset Web Site and App Content” means the aspects of the domain
located at a Deal Buzzer Asset Web Site that may be perceived by the person
accessing the Deal Buzzer Asset Web Site and App and/or that constitute the
underlying code or programming infrastructure, so long as that underlying code
or programming infrastructure was created by Iconosys and/or solely for use on
the Deal Buzzer Asset Web Site and App. This underlying code or programming
infrastructure includes, but is not limited to, web site-related applications,
artwork, sound, graphic files, music files, user interface, logos, data,
software, tools, text and other materials and related technology and those
trademarks identified on the attached Exhibit B. ” Deal Buzzer Asset Web Site
and App Content” includes any code used to create any element of the Deal Buzzer
Asset Web Site and App Content.

 

1.7 “Deal Buzzer Assets” means: (i) the Deal Buzzer Asset Domain Name(s); (ii)
the Deal Buzzer Asset Trademark(s); (iii) the Deal Buzzer Asset Web Site(s) and
App(s); (iv) the Deal Buzzer Asset Web Site and App Content; (v) all internet
traffic to the Deal Buzzer Asset Domain Name(s); and (vi) any and all goodwill
and Intellectual Property Rights associated with or relating to each of the
foregoing.

 

2. Purchase and Sale of Deal Buzzer Assets.

 

2.1 Purchase and Sale of Deal Buzzer Assets. Pursuant to the terms and
conditions set forth in this Agreement, at the Closing (as defined below),
Iconosys shall sell, convey, transfer, assign and deliver to Monster Offers, and
Monster Offers shall purchase from Iconosys, all right, title and interest in
and to the Deal Buzzer Assets, free and clear of any Encumbrance.

 

2.2 In connection with the foregoing:

 

a. Deal Buzzer Asset Trademark(s) Assignment. For good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
Iconosys hereby irrevocably assigns, transfers and contributes to Monster Offers
all of its right, title and interest in and to the Deal Buzzer Asset
Trademark(s), together with the goodwill associated with or symbolized by the
Deal Buzzer Asset Trademark(s).

 

b. Deal Buzzer Asset Domain Name(s) Assignment. For good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
Iconosys hereby irrevocably assigns, transfers and contributes to Monster Offers
all of its right, title and interest in and to the registrations of the Deal
Buzzer Asset Domain Name(s), together with, without any limitation, any related
trademarks, service marks, copyrights, trade names, domain names, and other
intellectual property rights throughout the world to the Deal Buzzer Asset
Domain Name(s), whether such rights are registered or not, and all rights of
priority therein, and the right to recover for damages and profits and all other
remedies for past infringements thereof, and any and all appurtenant goodwill
associated therewith.

 

c. Deal Buzzer Asset Web Site(s) and App(s) Content Assignment. For good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Iconosys hereby irrevocably assigns, transfers and contributes to
Monster Offers all of its right, title and interest in and to the Deal Buzzer
Asset Web Site and App Content, together with, without any limitation, any
related Intellectual Property Rights to the Deal Buzzer Asset Site Content,
whether such rights are registered or not, and all rights of priority therein,
and the right to recover for damages and profits and all other remedies for past
infringements thereof, and any and all appurtenant goodwill associated
therewith.

 

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2.3 No Assumption of Liabilities. With regard to its purchase of the Deal Buzzer
Assets pursuant to this Agreement, Monster Offers shall not assume or be
responsible for any commercial, operational, financial, legal or any other
liabilities or obligations of Iconosys and/or any of its affiliates or that
relate to the operation of the business of Iconosys and/or any of its
affiliates, whether known or unknown, disclosed or undisclosed, actual, accrued,
contingent or otherwise.

 

3. Consideration.

 

3.1 Purchase Price. The purchase price (the “Purchase Price”) for the Deal
Buzzer Assets shall be the Purchase Price Allocation of the Cancelled Receivable
(as those terms are defined in the MPA) as set forth at Section 1.2(a) of the
MPA.

 

4. Closing.

 

4.1 Closing Date. Except as otherwise agreed to by the Parties, the sale and
transfer of the Deal Buzzer Assets by Iconosys to Monster Offers (the “Closing”)
shall take place on the Effective Date (also referred to herein as, the “Closing
Date”), upon the Parties’ execution and delivery of this Agreement, the MPA and
the SPA (as defined in the MPA).

 

4.2 At the Closing, or no later than thirty (30) days subsequent to the
Effective Date, Iconosys shall deliver or cause to be delivered to Monster
Offers instruments of assignments and transfer of Iconosys’ rights, title and
interest in and to each and all of the Deal Buzzer Assets, free and clear of any
Encumbrance; such instruments shall include, without limitation, all
documentation necessary to transfer the Deal Buzzer Asset Domain Name(s) to
Monster Offers (to be delivered by Iconosys to the appropriate domain name
registry pursuant to Section 6.3 below).

 

5. Representations and Warranties; Indemnification.

 

5.1 Representations and Warranties. Iconosys represents and warrants to Monster
Offers that:

 

(i) Each of Exhibit A, Exhibit B, and Exhibit C to this Agreement, respectively,
sets forth a complete and accurate schedule listing all: (i) domain names; (ii)
trademarks and the registrations and registration applications, and (iii) web
sites and related urls pertaining to the applicable Deal Buzzer Assets. Iconosys
is the registrant listed in the records of the applicable registrar
(“Registrar”) as the owner of the registration of the Deal Buzzer Asset Domain
Name(s) and is the sole and exclusive owner, legal and beneficial, of all right,
title and interest in and to each and all of the Deal Buzzer Assets free and
clear of any Encumbrance; no other party has any rights in the Deal Buzzer
Assets. In addition, Iconosys does not owe any amount to any domain name
registration authority or to any other governmental entity relating to or on
account of the registration of the Deal Buzzer Asset Domain Name(s) or the
registration of any Deal Buzzer Asset Trademark(s). Iconosys has not licensed or
otherwise allowed or enabled the use of any of the Deal Buzzer Assets to any
other person or entity, or granted any right with respect to the Deal Buzzer
Assets to any other person or entity, that may, in any manner, restrict, impede
or adversely affect Monster Offers’ rights therein. Except as may be already
disclosed on or as part of an Exhibit to this Agreement, Iconosys has not
obtained a trademark registration or filed any application to register a
trademark with the US Patent and Trademark Office or other agency (domestic or
foreign) of the Deal Buzzer Asset Trademark(s), the Deal Buzzer Asset Domain
Name(s) or any other mark confusingly similar to the Deal Buzzer Asset
Trademark(s) or the Deal Buzzer Asset Domain Name(s);

 

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(ii) Iconosys has the power to enter into and perform this Agreement, and the
execution of this Agreement has been duly authorized by all necessary corporate
action;

 

(iii) This Agreement constitutes a valid and binding obligation on Iconosys,
enforceable in accordance with the terms and conditions set forth in this
Agreement;

 

(iv) There are no pending or threatened claims, demands, suits, actions,
litigation, arbitration, or legal, administrative or other proceedings or
governmental investigations that might adversely affect, invalidate or otherwise
impair Monster Offers’ exclusive right, title and interest in and to the Deal
Buzzer Assets, including without limitation any claims, demands etc. relating to
intellectual property rights infringement;

 

(v) No consent or approval of any other person or governmental authority is
necessary for this Agreement to be effective;

 

(vi) Neither the execution or delivery of this Agreement nor the consummation of
the transactions contemplated under this Agreement shall constitute a default or
violation of Iconosys’ articles of incorporation, bylaws or of any license,
lease, franchise, mortgage, instrument or other agreement;

 

(vii) Iconosys and its related entities, affiliates, officers, directors,
parents, subsidiaries, divisions, owners, agents, servants, shareholders,
employees, successors, assigns, representatives, and agents of any kind, and all
persons or entities acting under Iconosys (the “Iconosys Parties”) will not
register any domain names or file for federal or state registration of or use in
any manner whatsoever any names or trademarks that incorporate, are confusingly
similar to or constitute any colorable imitation of the Monster Offers’ “Deal
Buzzer Asset” names, including but not limited to, misspellings or phonetic
equivalents of and/or invented words that combine elements of any of the
following names: “New Years Buzzer™,” “Deal Buzzer™,” “Black Flyday™,” or “My
Shopping Circle™,” and that may, therefore, create confusion among consumers as
to source, sponsorship or affiliation;

 

(viii) the Iconosys Parties agree not to utilize the Deal Buzzer Asset Domain
Name(s) in their email addresses, or anything confusingly similar to the Deal
Buzzer Asset Domain Name(s), or any colorable imitation thereof, including but
not limited to, misspellings or phonetic equivalents of and/or invented words
that combine elements of any of the following names: “New Years Buzzer™,” “Deal
Buzzer™,” “Black Flyday™,” or “My Shopping Circle™,” and that may, therefore,
create confusion among consumers as to source, sponsorship or affiliation; and

 

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(ix) None of the representations and warranties made by Iconosys, or in any
certificate or memorandum furnished or to be furnished by any of them or on
their behalf, including without limitation information provided by Iconosys to
Monster Offers relating to Iconosys’ financial condition, Deal Buzzer Asset Web
Site traffic and/or the Deal Buzzer Assets contains any untrue statement of a
material fact, or omits to state a material fact necessary to prevent the
statements from being misleading.

 

5.2 Mutual Indemnification. Iconosys and Monster Offers (each Party, for
purposes of this Section 5.2, a “Section 5.2 Indemnifying Party”) shall each
defend, indemnify and hold harmless the other Party, and each of their current,
former and future parent corporations, subsidiaries, affiliates, employee
benefit plans, and related entities or corporations, and their past and present
officers, directors, shareholders, employees, creditors, fiduciaries, agents,
employees, partners, attorneys, representatives, promoters, heirs, predecessors,
successors and assigns (collectively, the “Released Party”), from any and all
claims, demands, costs, expenses, obligations, damages or causes of action of
any nature, including reasonable attorneys’ fees and costs, arising directly or
indirectly from: (i) a breach by the Section 5.2 Indemnifying Party of any of
its representations or warranties set forth in this Agreement; (ii) a breach by
the Section 5.2 Indemnifying Party of any other term or condition set forth in
this Agreement; (iii) the violation by the Section 5.2 Indemnifying Party of any
federal, state or local law in connection with this Agreement; and/or (iv)
damages to any third party caused by the Section 5.2 Indemnifying Party’s
negligent or intentional acts or omissions in connection with this Agreement.

 

5.3 Indemnification by Iconosys. Monster Offers is not responsible or liable
for, and Iconosys hereby indemnifies Monster Offers against and from, any claims
or demands by third parties whether based upon federal or state law, statute or
common law or other law, connected with, or arising out of, or relating to the
holding or use of any of the Deal Buzzer Assets, prior to the transfer of the
Deal Buzzer Assets to Monster Offers.

 

6. Covenants of Iconosys.

 

6.1 Within thirty (30) days after the Closing Date, Iconosys will, at its sole
cost, take all steps required by the applicable trademark authorities in each
country or jurisdiction to record the assignment(s) and transfer the
registrations of the Deal Buzzer Asset Trademark(s) to Monster Offers, by
completing the required forms, paying the required fees, and taking any other
required actions to effect the assignment(s) and transfer the registrations of
the applicable Deal Buzzer Asset Trademark(s) to Monster Offers. At and after
the Closing Date, Iconosys will, without further consideration, provide such
other information and execute such documents as may be necessary of appropriate
to accomplish the assignment(s) and transfer of the registrations of the Deal
Buzzer Asset Trademark(s) upon Monster Offers’ reasonable request.

 

6.2 To the extent that Iconosys and/or Monster Offers becomes aware after
execution and delivery of this Agreement of a domain name that redirects to any
of the domain names transferred pursuant to this Agreement, such Party will
cause that domain name to be transferred to Monster Offers within a commercially
reasonable time period, and on similar terms as set forth in this Agreement.

 

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6.3 Within thirty (30) days after the Closing Date, Iconosys will, at its sole
cost, take the steps required by the current procedures promulgated by the
registrars listed in Exhibit A, or any other registrar that might be or become
responsible for the transfer of the registrations of the Deal Buzzer Asset
Domain Name(s), to transfer the registrations of the Deal Buzzer Asset Domain
Name(s) to Monster Offers, by completing the required forms and taking any other
required actions to effect the transfer of the registrations of the Deal Buzzer
Asset Domain Name(s) to Monster Offers. At and after the Effective Date,
Iconosys will, without further consideration, provide such other information and
execute such documents as may be necessary or appropriate to accomplish the
transfer of the registrations of the Deal Buzzer Asset Domain Name(s) upon
Monster Offers’ reasonable request.

 

6.4 As of the Closing Date, Iconosys agrees to take no action adverse to Monster
Offers’ ownership of the Deal Buzzer Asset Domain Name(s). As of the Closing
Date, Iconosys shall immediately ease and desist all creation, production and
manufacture of any marketing, promotional or advertising materials, collateral
products or other items bearing the Monster Offers’ “Deal Buzzer Asset” names,
including but not limited to, misspellings or phonetic equivalents of and/or
invented words that combine elements of any of the following names: “New Years
Buzzer™,” “Deal Buzzer™,” “Black Flyday™,” or “My Shopping Circle™,” and that
may, therefore, create confusion among consumers as to source, sponsorship or
affiliation “Deal Buzzer Asset” names. In addition, Iconosys shall make no
further use of any of the Deal Buzzer Assets as of the Closing Date and/or
attempt to resell any of the Deal Buzzer Assets, nor shall Iconosys challenge,
interfere, solicit, encourage or assist others to challenge or otherwise
interfere with Monster Offers’ title, interest, right or use of the Deal Buzzer
Assets. Iconosys will not itself, or enable another to, take any action or
refrain from any action or otherwise support any claim that may detrimentally
affect the registrability, validity of, or commercial value associated with the
Deal Buzzer Assets.

 

7. General Provisions.

 

7.1 Subject to the other provisions of this Section 7 as set forth below, the
terms and provisions of Section 2 of the MPA, entitled “Miscellaneous,” are
hereby incorporated by reference.

 

7.2 Time of Essence. Time is of the essence in respect to all provisions of this
Agreement that specify a time for performance; provided, however, that the
foregoing shall not be construed to limit or deprive the Party of the benefits
of any grace or use period allowed in this Agreement.

 

7.3 Injunctive Relief. Each of the Parties acknowledges that, in view of the
uniqueness of the transactions contemplated by this Agreement, neither Party
shall have an adequate remedy at law for money damages in the event that this
Agreement is not performed in accordance with its terms, and therefore each
Party agrees that the other Party shall be entitled to specific enforcement of
the terms hereof in addition to any other remedy to which it may be entitled, at
law or in equity. All rights and remedies existing under this Agreement are
cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

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7.4 Additional Actions. At any time after the Closing Date, at Monster Offers’
request and expense, except to the extent such costs are the responsibility of
Iconosys pursuant to any other provision of this Agreement, including without
limitation, Section 6 or this Section 7, Iconosys shall execute and deliver to
Monster Offers such other instruments and documents, and take such other actions
as Monster Offers may deem necessary or desirable to effect, evidence, record
and perfect the transfers and assignments contemplated by this Agreement.
Iconosys will be responsible for all expenses relating to recordation of
assignments, if any. Iconosys will prepare a short form assignment document to
be used for such recordation.

 

7.5 Counterparts. This Agreement may be executed by facsimile signature and in
one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

 

7.6 All representations and warranties contained herein shall survive the
execution and delivery of this Agreement, are material, and have been or will be
relied upon by the Parties, notwithstanding any investigation made by the
Parties or on behalf of any of them.

 

IN WITNESS WHEREOF, each of the Parties hereto has caused this Agreement to be
made and executed by its duly authorized officer.

 

“Monster Offers”   “Iconosys”           MONSTER OFFERS, a Nevada corporation  
ICONOSYS, INC., a California corporation           By: /s/ Wayne Irving II   By:
/s/ Ryan Foland   Wayne Irving II, Chief Executive Officer     Ryan Foland,
Chief Operating Officer

 

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Exhibit A

 

Deal Buzzer Asset Domain Name(s)

 

Domain Name   Registrar       DealBuzzer.net   Go Daddy       NewYearsBuzzer.com
  Go Daddy       NewYearBuzzer.com   Go Daddy       310CashForGold.com   Go
Daddy       323CashForGold.com   Go Daddy       714CashForGold.com   Go Daddy  
    858CashForGold.com   Go Daddy       909CashForGold.com   Go Daddy      
562CashForGold.com   Go Daddy       818CashForGold.com   Go Daddy      
949CashForGold.com   Go Daddy       BlackFlyday.com   Go Daddy      
MyShoppingCircle.net   Go Daddy      

 

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Exhibit B

 

Deal Buzzer Asset Trademarks)

 

Trademarks   Registration No.   Registration Date   Jurisdiction Deal Buzzer™  
pending         BlackFlyday™   pending                      

 

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Exhibit C

 

Deal Buzzer Asset Smartphone App(s)

 

Amazon Buzzer Auction Buzzer

 

Bar Buzzer

 

Car Buzzer

 

Club Buzzer Craigslist Buzzer

 

Deal Buzzer

 

EBay Buzzer

 

Event Buzzer

 

For Sale Buzzer

 

Mobbing Buzzer

 

Motorcycle Buzzer

 

Party Buzzer

 

Real Estate Buzzer

 

Used Car Buzzer

 

Black Flyday™

My Shopping Circle™

 

714 Cash For Gold

 

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Exhibit D

 

Deal Buzzer Asset Trademark(s)

 

n/a

 

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Exhibit F

 

Copy of SPA

 

[see attached]