Document:

SHARE EXCHANGE AGREEMENT AND PLAN OF REORGANIZATION

EXHIBIT 10.1

SHARE EXCHANGE AGREEMENT AND PLAN OF REORGANIZATION

This SHARE EXCHANGE AGREEMENT AND PLAN OF REORGANIZATION (this “Agreement”) is entered into as of this 6th day of July 2015 by and among, Train Travel Holdings, Inc., a Nevada corporation (“TTHX”), Turnkey Home Buyers USA Inc., a Florida corporation (“TURNKEY”), each of the TURNKEY shareholders listed on Schedule 1.01(b) hereto (the “Shareholders”), TBG Holdings Corporation, a Florida corporation (“TBG”), and Train Travel Holdings, Inc., a Florida corporation (“TTH”).

RECITALS:

A.  The Boards of Directors of TTHX and TURNKEY and the Shareholders have determined that an acquisition of all of the issued and outstanding shares of capital stock of TURNKEY by TTHX through a share exchange upon the terms and subject to the conditions set forth in this Agreement (the “Share Exchange”) would be in the best interests of TTHX and TURNKEY, and the Boards of Directors of TTHX and TURNKEY have each approved the Share Exchange, pursuant to which all of the right, title and interest in and to all of the issued and outstanding shares of capital stock of TURNKEY (the “Ownership Interest”) will be exchanged for 15,037,500 shares of common stock of TTHX (the “Exchange Shares.

B.  TTHX and TURNKEY and the Shareholders desire to make certain representations, warranties, covenants and agreements in connection with the Share Exchange and also to prescribe various conditions to the Share Exchange.

C.  For federal income tax purposes, the parties intend that the Share Exchange shall qualify as reorganization under the provisions of Section 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended (the “Code”).

D.  To further facilitate this Agreement, TBG, prior to closing, will tender to TURNKEY for cancellation 15,000,000 shares of TURNKEY common stock.

NOW, THEREFORE, in consideration of the representations, warranties, covenants and agreements contained in this Agreement, the parties agree as follows:

ARTICLE I.

THE EXCHANGE

1.01

Share Exchange.  Upon the terms and subject to the conditions set forth in this Agreement, and in accordance with the Nevada Revised Statutes (“Nevada Statutes”), at the Closing (as hereinafter defined), the parties shall do the following:

(a)

TURNKEY shall cause the Shareholders to convey, assign, and transfer the Ownership Interest to TTHX by delivering to TTHX executed and transferable share certificates endorsed in blank (or accompanied by duly executed stock powers endorsed in blank) in proper form for transfer. The Ownership Interest transferred to TTHX at the Closing shall constitute 100% of the issued and outstanding shares of capital stock of TURNKEY.

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(b)

As consideration for its acquisition of the Ownership Interest, TTHX shall issue the Exchange Shares to the Shareholders in the denominations set forth on Schedule 1.01(b) hereto by delivering book entry records and/or share certificates to the Shareholders evidencing the Exchange Shares (the “Exchange Shares Certificates”).

(c)

For federal income tax purposes, the Share Exchange is intended to constitute a “reorganization” within the meaning of Section 368 of the Code, and the parties shall report the transactions contemplated by the this Agreement consistent with such intent and shall take no position in any tax filing or legal proceeding inconsistent therewith. The parties to this Agreement hereby adopt this Agreement as a “plan of reorganization” within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the United States Treasury Regulations. None of TTHX or TURNKEY has taken or failed to take, and after the Effective Time (as defined below), TTHX shall not take or fail to take, any action which reasonably could be expected to cause the Exchange to fail to qualify as a “reorganization” within the meaning of Section 368(a) of the Code.  

1.02

Closing.  Unless this Agreement shall have been terminated and the transactions herein contemplated shall have been abandoned pursuant to Article VII and subject to the satisfaction or waiver of the conditions set forth in Article VI, the closing date of the Exchange (the “Closing”) will take place at 10:00 a.m. Eastern Daylight Time on the business day upon satisfaction of the conditions set forth in Article VI (or as soon as practicable thereafter following satisfaction or waiver of the conditions set forth in Article VI) (the “Closing Date”), at the offices of Pearlman Schneider LLP, 2200 Corporate Boulevard NW, Suite 210, Boca Raton, Florida 33431 unless another date, time or place is agreed to in writing by the parties hereto 

1.03

Reorganization.

(a)

As of the Closing, Robert Blair shall be appointed as a director.

(b)

If at any time after the Closing, any party shall consider that any further deeds, assignments, conveyances, agreements, documents, instruments or assurances in law or any other things are necessary or desirable to vest, perfect, confirm or record in TTHX the title to any property, rights, privileges, powers and franchises of TURNKEY by reason of, or as a result of, the Share Exchange, or otherwise to carry out the provisions of this Agreement, the remaining parties, as applicable, shall execute and deliver, upon request, any instruments or assurances, and do all other things necessary or proper to vest, perfect, confirm or record title to such property, rights, privileges, powers and franchises in TTHX, and otherwise to carry out the provisions of this Agreement. 

1.04

Ownership of TTHX Common Stock.  Giving effect to the share exchange, the Shareholders will own thirty-nine (39%) percent (15,037,500 shares) of the issued and outstanding shares of TTHX’s common stock.

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ARTICLE II.

COMPLIANCE WITH APPLICABLE SECURITIES LAWS

2.01

Covenants, Representations and Warranties of the Shareholders.

(a)

The shareholders of TURNKEY listed on Schedule 1.01(b) acknowledge and agree that they are acquiring the Exchange Shares for investment purposes and will not offer, sell or otherwise transfer, pledge or hypothecate any of the Exchange Shares issued to them (other than pursuant to an effective Registration Statement under the Securities Act of 1933, as amended [the “Securities Act”]) directly or indirectly unless:

(i)

the sale is to TTHX;

(ii)

the Exchange Shares are sold in a transaction that does not require registration under the Securities Act, or any applicable United States state laws and regulations governing the offer and sale of securities, and the seller has furnished to TTHX an opinion of counsel to that effect or such other written opinion as may be reasonably required by TTHX.

(b)

The shareholders of TURNKEY acknowledge and agree that the certificates representing the Exchange Shares shall bear a restrictive legend, substantially in the following form:

“THE SECURITIES REPRESENTED BY THIS STOCK CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR APPLICABLE STATE SECURITIES LAWS, AND SHALL NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED, OR OTHERWISE TRANSFERRED (WHETHER OR NOT FOR CONSIDERATION) BY THE HOLDER EXCEPT UPON THE ISSUANCE TO THE COMPANY OF A FAVORABLE OPINION OF ITS COUNSEL OR THE SUBMISSION TO THE COMPANY OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO COUNSEL FOR THE COMPANY, TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE SECURITIES ACT OR APPLICABLE STATE SECURITIES LAWS.” 

(c)

The Shareholders represent and warrant that they:

(i)

are not aware of any advertisement of any of the Exchange Shares being issued hereunder; and

(ii)

acknowledge and agree that TTHX will refuse to register any transfer of the shares not made pursuant to an effective registration statement under the Securities Act or pursuant to an available exemption from the registration requirements of the Securities Act and in accordance with applicable state and provincial securities laws.

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(iii)

acknowledge and agree to TTHX making a notation on its records or giving instructions to the registrar and transfer agent of TTHX in order to implement the restrictions on transfer set forth and described herein. 

ARTICLE III.

REPRESENTATIONS AND WARRANTIES

3.01

Representations and Warranties of TURNKEY.  As a material inducement for TTHX to enter into this Agreement and to consummate the transaction contemplated hereby, TURNKEY (and its subsidiary, Brian Neal Real Estate, LLC, where applicable) hereby makes the following representations and warranties as of the date hereof and as of the Closing Date, each of which is relied upon by TTHX regardless of any investigation made or information obtained by TTHX (unless and to the extent specifically and expressly waived in writing by TTHX on or before the Closing Date):

(a)

Organization, Standing and Power.  TURNKEY and Brian Neal Real Estate, LLC are duly organized, validly existing and in good standing under the laws of the State of Florida, and have the requisite power and authority and all government licenses, authorizations, permits, consents and approvals required to own, lease and operate its properties and carry on its business as now being conducted. TURNKEY and Brian Neal Real Estate, LLC are duly qualified or licensed to do business and is in good standing in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification or licensing necessary, other than in such jurisdictions where the failure to be so qualified or licensed (individually or in the aggregate) would not have a material adverse effect (as defined in Section 9.02).

(b)

Subsidiaries.  Except for Brian Neal Real Estate, LLC, TURNKEY does not own, directly or indirectly, any equity or other ownership interest in any company, corporation, partnership, joint venture or otherwise.

(c)

Corporate Documents.  Schedule 3.01(c) sets forth a true and correct copy of a shareholder list setting forth all of the Shareholders with the number of shares owned by each such shareholder.

(d)

Ownership Interest.  The Ownership Interest represents 100% of the issued and outstanding shares of capital stock of TURNKEY. Except as set forth on Schedule 3.01(d), there are no outstanding bonds, debentures, notes or other indebtedness or other securities of TURNKEY. There are no rights, commitments, agreements, arrangements or undertakings of any kind to which TURNKEY is a party or by which it is bound obligating TURNKEY to issue, deliver or sell, or cause to be issued, delivered or sold, additional ownership interests of TURNKEY or obligating TURNKEY to issue, grant, extend or enter into any such right, commitment, agreement, arrangement or undertaking. There are no outstanding contractual obligations, commitments, understandings or arrangements of TURNKEY to repurchase, redeem or otherwise acquire or make any payment in respect of the ownership interests of TURNKEY. 

(e)

Capitalization of TURNKEY.  The entire authorized capital stock of TURNKEY consists of 40,000,000 common shares with no par value per share, of which 

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30,037,500 shares are issued and outstanding (before cancellation of 15,000,000 shares owned by TBG) and 5,000,000 shares of preferred stock with no par value per share, none of which are outstanding. Except as provided below, all of TURNKEY’S issued and outstanding shares have been duly authorized, are validly issued, fully paid and non-assessable, and are held by the Shareholders on the list attached as Schedule 1.01(b) hereto.

(f)

Over Issuance.  By inadvertence TURNKEY issued shares of its common stock in excess of the shares authorized by its Articles of Incorporation. TURNKEY has amended and restated its Articles of Incorporation to increase its authorized stock as well as providing for shares of blank check preferred stock. While TURNKEY believes it has cured this over issuance, it is possible that claims may be brought by shareholders arising from the over issuance and filing of its amended and restated Articles of Incorporation.

(g)

Authority; Non-contravention.  TURNKEY and its Shareholders have all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement by TURNKEY and its Shareholders and the consummation by TURNKEY and its Shareholders of the transactions contemplated hereby have been (or at Closing will have been) duly authorized by all necessary action on the part of TURNKEY. This Agreement has been duly executed and when delivered by TURNKEY and its Shareholders shall constitute a valid and binding obligation of TURNKEY and its Shareholders, enforceable against TURNKEY and its Shareholders, as applicable, in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity. The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated by this Agreement and compliance with the provisions hereof will not, conflict with, or result in any breach or violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of or “put” right with respect to any obligation or to a loss of a material benefit under, or result in the creation of any lien upon any of the properties or assets of TURNKEY under, (i) the articles of incorporation or bylaws of TURNKEY, (ii) any loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise or license applicable to TURNKEY, its properties or assets, or (iii) subject to the governmental filings and other matters referred to in the following sentence, any judgment, order, decree, statute, law, ordinance, rule, regulation or arbitration award applicable to TURNKEY, its properties or assets, other than, in the case of clauses (ii) and (iii), any such conflicts, breaches, violations, defaults, rights, losses or liens that individually or in the aggregate could not have a material adverse effect with respect to TURNKEY or could not prevent, hinder or materially delay the ability of TURNKEY to consummate the transactions contemplated by this Agreement.

(h)

Governmental Authorization.  No consent, approval, order or authorization of, or registration, declaration or filing with, or notice to, any United States court, administrative agency or commission, or other federal, state or local government or other governmental authority, agency, domestic or foreign (a “Governmental Entity”), is required by or with respect to TURNKEY in connection with the execution and delivery of this Agreement by TURNKEY or the consummation by TURNKEY of the transactions contemplated hereby, except, with respect to this Agreement, any filings under the Securities Act or the Securities 

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Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the “Exchange Act”) or pursuant to the rules and regulations of FINRA.

(i)

Financial Statements.  

(i)

Within 74 days of Closing, TTHX will have received from TURNKEY a copy of its consolidated audited financial statements for the fiscal years ended December 31, 2014 and December 31, 2013 (collectively, the “TURNKEY Audited Financial Statements”). The TURNKEY Audited Financial Statements fairly present the financial condition of TURNKEY at the dates indicated and its results of operations and cash flows for the periods then ended and, except as indicated therein, reflect all claims, debts and liabilities of TURNKEY, fixed or contingent, and of whatever nature.

(ii)

Within 74 days of Closing, TTHX will have received from TURNKEY a copy of its consolidated unaudited financial statements for the three months ended March 31, 2015 (collectively the “TURNKEY Unaudited Financial Statements”). The TURNKEY Unaudited Financial Statements present fairly the financial condition of TURNKEY as of such date and the results present fairly the financial condition of TURNKEY for such period in accordance with GAAP and are consistent with the books and records of TTHX (which books and records are complete).

(iii)

Since March 31, 2015, the date of the TURNKEY Unaudited Financial Statements, there has been no material adverse change in the assets or liabilities, or in the business or condition, financial or otherwise, or in the results of operations or prospects, of TURNKEY, whether as a result of any legislative or regulatory change, revocation of any license or rights to do business, fire, explosion, accident, casualty, labor trouble, flood, drought, riot, storm, condemnation, act of God, public force or otherwise and no material adverse change in the assets or liabilities, or in the business or condition, financial or otherwise, or in the results of operation or prospects, of TURNKEY except in the ordinary course of business.

(iv)

Since the date of the TURNKEY Unaudited Financial Statements, TURNKEY has not issued, sold or otherwise disposed of, or agreed to issue, sell or otherwise dispose of, any securities of TURNKEY and has not granted or agreed to grant any other right to subscribe for or to purchase any securities of TURNKEY or has incurred or agreed to incur any indebtedness for borrowed money.

(j)

Absence of Certain Changes or Events.  Since the date of the TURNKEY Unaudited Financial Statements, TURNKEY has conducted its business only in the ordinary course consistent with past practice, and there is not and has not been any:

(i)

material adverse change with respect to TURNKEY including any amendments to its Articles of Incorporation and Bylaws;

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(ii)

event which, if it had taken place following the execution of this Agreement, would not have been permitted by Section 4.01 without prior consent of TTHX;

(iii)

condition, event or occurrence which could reasonably be expected to prevent, hinder or materially delay the ability of TURNKEY to consummate the transactions contemplated by this Agreement;

(iv)

incurrence, assumption or guarantee by TURNKEY of any indebtedness for borrowed money other than in the ordinary course and in amounts and on terms consistent with past practices or as disclosed to TTHX in writing;

(v)

creation or other incurrence by TURNKEY of any lien on any asset other than in the ordinary course consistent with past practices; 

(vi)

transaction or commitment made, or any contract or agreement entered into, by TURNKEY relating to its assets or business (including the acquisition or disposition of any assets) or any relinquishment by TURNKEY of any contract or other right, in either case, material to TURNKEY, other than transactions and commitments in the ordinary course consistent with past practices and those contemplated by this Agreement;

(vii)

labor dispute, other than routine, individual grievances, or, to the knowledge of TURNKEY, any activity or proceeding by a labor union or representative thereof to organize any employees of TURNKEY or any lockouts, strikes, slowdowns, work stoppages or threats by or with respect to such employees;

(viii)

payment, prepayment or discharge of liability other than in the ordinary course of business or any failure to pay any liability when due; 

(ix)

write-offs or write-downs of any assets of TURNKEY ; 

(x)

creation, termination or amendment of, or waiver of any right under, any material contract of TURNKEY;

(xi)

damage, destruction or loss having, or reasonably expected to have, a material adverse effect on TURNKEY;

(xii)

other condition, event or occurrence which individually or in the aggregate could reasonably be expected to have a material adverse effect or give rise to a material adverse change with respect to TURNKEY; or 

(xiii)

agreement or commitment to do any of the foregoing. 

(k)

Certain Fees.  No brokerage or finder’s fees or commissions are or will be payable by TURNKEY to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other person with respect to the transactions contemplated by this Agreement.

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(l)

Litigation; Labor Matters; Compliance with Laws.   

(i)

There is no suit, action or proceeding or investigation pending or, to the knowledge of TURNKEY, threatened against or affecting TURNKEY or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect with respect to TURNKEY or prevent, hinder or materially delay the ability of TURNKEY to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any governmental entity or arbitrator outstanding against TURNKEY having, or which, insofar as reasonably could be foreseen by TURNKEY, in the future could have, any such effect.

(ii)

TURNKEY is not a party to, or bound by, any collective bargaining agreement, contract or other agreement or understanding with a labor union or labor organization, nor is it the subject of any proceeding asserting that it has committed an unfair labor practice or seeking to compel it to bargain with any labor organization as to wages or conditions of employment nor is there any strike, work stoppage or other labor dispute involving it pending or, to its knowledge, threatened, any of which could have a material adverse effect with respect to TURNKEY.

(iii)

The conduct of the business of TURNKEY complies with all statutes, laws, regulations, ordinances, rules, judgments, orders, decrees or arbitration awards applicable thereto.

(m)

Benefit Plans.  TURNKEY is not a party to any Benefit Plan under which TURNKEY currently has an obligation to provide benefits to any current or former employee, officer or director of TURNKEY. As used herein, “Benefit Plan” shall mean any employee benefit plan, program, or arrangement of any kind, including any defined benefit or defined contribution plan, ownership plan with respect to any membership interest, executive compensation program or arrangement, bonus plan, incentive compensation plan or arrangement, profit sharing plan or arrangement, deferred compensation plan, agreement or arrangement, supplemental retirement plan or arrangement, vacation pay, sickness, disability, or death benefit plan (whether provided through insurance, on a funded or unfunded basis, or otherwise), medical or life insurance plan providing benefits to employees, retirees, or former employees or any of their dependents, survivors, or beneficiaries, severance pay, termination, salary continuation, or employee assistance plan.

(n)

Tax Returns and Tax Payments.

(i)

TURNKEY has timely filed with the appropriate taxing authorities all Tax Returns, as that term is hereinafter defined, required to be filed by it (taking into account all applicable extensions). All such Tax Returns are true, correct and complete in all respects. All Taxes, as that term is hereinafter defined, due and owing by TURNKEY have been paid (whether or not shown on any Tax Return and whether or not any Tax Return was required). TURNKEY is not currently the beneficiary of any extension of time within which to file any Tax Return or pay any Tax. No claim has ever been made in writing or otherwise addressed to TURNKEY by a taxing authority 

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in a jurisdiction where TURNKEY does not file Tax Returns that it is or may be subject to taxation by that jurisdiction. The unpaid Taxes of TURNKEY did not, as of the date of the TURNKEY Unaudited Financial Statements, exceed the reserve for Tax liability (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of the financial statements (rather than in any notes thereto). Since the date of the TURNKEY Unaudited Financial Statements neither TURNKEY nor any of its subsidiaries has incurred any liability for Taxes outside the ordinary course of business consistent with past custom and practice. As of the Closing Date, the unpaid Taxes of TURNKEY and its subsidiaries will not exceed the reserve for Tax liability (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the books and records of TURNKEY. 

(ii)

No material claim for unpaid Taxes has been made or become a lien against the property of TURNKEY or is being asserted against TURNKEY, no audit of any Tax Return of TURNKEY is being conducted by a tax authority, and no extension of the statute of limitations on the assessment of any Taxes has been granted by TURNKEY and is currently in effect. TURNKEY has withheld and paid all Taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder or other third party.  

(iii)

As used herein, “Taxes” shall mean all taxes of any kind, including, without limitation, those on or measured by or referred to as income, gross receipts, sales, use, ad valorem, franchise, profits, license, withholding, payroll, employment, excise, severance, stamp, occupation, premium value added, property or windfall profits taxes, customs, duties or similar fees, assessments or charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts imposed by any governmental authority, domestic or foreign. As used herein, “Tax Return” shall mean any return, report or statement required to be filed with any governmental authority with respect to Taxes.

(o)

Environmental Matters.  TURNKEY is in compliance with all Environmental Laws in all material respects. TURNKEY has not received any written notice regarding any violation of any Environmental Laws, as that term is hereinafter defined, including any investigatory, remedial or corrective obligations. TURNKEY holds all permits and authorizations required under applicable Environmental Laws, unless the failure to hold such permits and authorizations would not have a material adverse effect on TURNKEY, and is in compliance with all terms, conditions and provisions of all such permits and authorizations in all material respects. No releases of Hazardous Materials, as that term is hereinafter defined, have occurred at, from, in, to, on or under any real property currently or formerly owned, operated or leased by TURNKEY or any predecessor thereof and no Hazardous Materials are present in, on, about or migrating to or from any such property which could result in any liability to TURNKEY. TURNKEY has not transported or arranged for the treatment, storage, handling, disposal, or transportation of any Hazardous Material to any off-site location which could result in any liability to TURNKEY. TURNKEY has no liability, absolute or contingent, under any Environmental Law that if enforced or collected would have a material adverse effect on TURNKEY. There are no past, pending or threatened claims under Environmental Laws against 

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TURNKEY and TURNKEY is not aware of any facts or circumstances that could reasonably be expected to result in a liability or claim against TURNKEY pursuant to Environmental Laws. “Environmental Laws” means all applicable foreign, federal, state and local statutes, rules, regulations, ordinances, orders, decrees and common law relating in any manner to contamination, pollution or protection of human health or the environment, and similar state laws. “Hazardous Material” means any toxic, radioactive, corrosive or otherwise hazardous substance, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics, which in any event is regulated under any Environmental Law. 

(p)

Material Contracts.  A list of all Material Contracts is listed on Schedule 3.01(o), copies of which have been furnished to TTHX. TURNKEY is not, or has not received any notice or has any knowledge that any other party is, in default in any respect under any Material Contract, as that term is hereinafter defined; and there has not occurred any event that with the lapse of time or the giving of notice or both would constitute such a material default.  For purposes of this Agreement, a “Material Contract” means any contract, agreement or commitment that is effective as of the Closing Date to which TURNKEY is a party (i) with expected receipts or expenditures in excess of $10,000, (ii) requiring TURNKEY to indemnify any person, (iii) granting exclusive rights to any party, (iv) evidencing indebtedness for borrowed or loaned money in excess of $10,000 or more, including guarantees of such indebtedness, or (v) which, if breached by TURNKEY in such a manner would (A) permit any other party to cancel or terminate the same (with or without notice of passage of time) or (B) provide a basis for any other party to claim money damages (either individually or in the aggregate with all other such claims under that contract) from TURNKEY or (C) give rise to a right of acceleration of any material obligation or loss of any material benefit under any such contract, agreement or commitment.

(q)

Accounts Receivable.  All of the accounts receivable of TURNKEY that are reflected on TURNKEY’s Financial Statements or the accounting records of TURNKEY as of the Closing (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

(r)

Properties.  TURNKEY has no real property. Any facilities held under lease by TURNKEY is held by it under valid, subsisting and enforceable leases of which TURNKEY is in compliance, except as could not, individually or in the aggregate, have or reasonably be expected to result in a material adverse effect.

(s)

Intellectual Property. 

(i)

As used in this Agreement, the term “Trademarks” means trademarks, service marks, trade names, internet domain names, designs, slogans, and general intangibles of like nature; the term “Trade Secrets” means technology; trade secrets and other confidential information, know-how, proprietary processes, formulae, 

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algorithms, models, and methodologies; the term “Intellectual Property” means patents, copyrights, Trademarks, applications for any of the foregoing, and Trade Secrets; the term “Company License Agreements” means any license agreements granting any right to use or practice any rights under any Intellectual Property (except for such agreements for off-the-shelf products that are generally available for less than $10,000), and any written settlements relating to any Intellectual Property, to which TURNKEY is a party or otherwise bound; and the term “Software” means any and all computer programs, including any and all software implementations of algorithms, models and methodologies, whether in source code or object code. 

(ii)

TURNKEY owns or has valid rights to use the Trademarks, trade names, domain names, copyrights, patents, logos, licenses and computer software programs (including, without limitation, the source codes thereto) that are necessary for the conduct of its respective businesses as now being conducted. To the knowledge of TURNKEY, none of TURNKEY’s Intellectual Property or License Agreements infringe upon the rights of any third party that may give rise to a cause of action or claim against TURNKEY or its successors. A list of Intellectual Property is listed on Schedule 3.01(r)(ii).

(t)

Affiliate Transactions.  Except as listed on Schedule 3.01(s), no officer, director or employee of TURNKEY or any member of the immediate family of any such officer, director or employee, or any entity in which any of such persons owns any beneficial interest (other than any publicly-held corporation whose stock is traded on a national securities exchange or in the over-the-counter market and less than one percent of the stock of which is beneficially owned by any of such persons), has any agreement with TURNKEY or any interest in any of their property of any nature, used in or pertaining to the business of TURNKEY. None of the foregoing persons has any direct or indirect interest in any competitor, supplier or customer of TURNKEY or in any person from whom or to whom TURNKEY leases any property or transacts business of any nature.

(u)

Undisclosed Liabilities.  TURNKEY has no liabilities or obligations of any nature (whether fixed or unfixed, secured or unsecured, known or unknown and whether absolute, accrued, contingent, or otherwise.) 

(v)

Full Disclosure.  All of the representations and warranties made by TURNKEY in this Agreement, and all statements set forth in the certificates delivered by TURNKEY at the Closing pursuant to this Agreement, are true, correct and complete in all material respects and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make such representations, warranties or statements, in light of the circumstances under which they were made, misleading.  The copies of all documents furnished by TURNKEY pursuant to the terms of this Agreement are complete and accurate copies of the original documents. The schedules, certificates, and any and all other statements and information, whether furnished in written or electronic form, to TTHX or its representatives by or on behalf of any of TURNKEY or its affiliates in connection with the negotiation of this Agreement and the transactions contemplated hereby do not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein not misleading. 

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3.02

Representations and Warranties of TTHX.  As a material inducement for TURNKEY to enter into this Agreement and to consummate the transactions contemplated hereby, TTHX hereby makes the following representations and warranties as of the date hereof and as of the Closing Date, each of which is relied upon by TURNKEY regardless of any investigation made or information obtained by TURNKEY (unless and to the extent specifically and expressly waived in writing by TURNKEY on or before the Closing Date):

(a)

Organization, Standing and Corporate Power.  TTHX is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and has the requisite corporate power and authority and all government licenses, authorizations, permits, consents and approvals required to own, lease and operate its properties and carry on its business as now being conducted. TTHX is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification or licensing necessary, other than in such jurisdictions where the failure to be so qualified or licensed (individually or in the aggregate) would not have a material adverse effect with respect to TTHX.  

(b)

Subsidiaries.  TTHX owns no subsidiaries.

(c)

Capitalization of TTHX.  As of the date of this Agreement, the authorized capital stock of TTHX consists of 75,000,000 shares of TTHX Common Stock, $0.001 par value, of which 23,391,665 shares of TTHX Common Stock are issued and outstanding. There are also authorized 1,000,000 shares of TTHX preferred stock $0.001 par value, of which 600,000 are outstanding. There are no other shares of TTHX capital stock issuable upon the exercise of outstanding warrants, convertible notes, options or otherwise. Except as set forth herein, no shares of capital stock or other equity securities of TTHX are issued, reserved for issuance or outstanding. All of the shares of common stock issued pursuant to this Agreement will be, when issued, duly authorized, validly issued, fully paid and non-assessable, not subject to preemptive rights, and issued in compliance with all applicable state and federal laws concerning the issuance of securities.

(d)

Corporate Authority; Non-contravention.  TTHX has all requisite corporate and other power and authority to enter into this Agreement and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement by TTHX and the consummation by TTHX of the transactions contemplated hereby have been (or at Closing will have been) duly authorized by all necessary corporate action on the part of TTHX. This Agreement has been duly executed and when delivered by TTHX shall constitute a valid and binding obligation of TTHX, enforceable against TTHX in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity. The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated by this Agreement and compliance with the provisions hereof will not, conflict with, or result in any breach or violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of or “put” right with respect to any obligation or to loss of a material benefit under, or result in the creation of any lien upon any of the properties or assets of TTHX under (i) its articles of incorporation, bylaws, or other charter documents; (ii) any loan or credit agreement, note, bond, mortgage, indenture, lease or other 

12

agreement, instrument, permit, concession, franchise or license applicable to TTHX, its properties or assets; or (iii) subject to the governmental filings and other matters referred to in the following sentence, any judgment, order, decree, statute, law, ordinance, rule, regulation or arbitration award applicable to TTHX, its properties or assets, other than, in the case of clauses (ii) and (iii), any such conflicts, breaches, violations, defaults, rights, losses or liens that individually or in the aggregate could not have a material adverse effect with respect to TTHX or could not prevent, hinder or materially delay the ability of TTHX to consummate the transactions contemplated by this Agreement.

(e)

Affiliate Transactions.  Except as listed on Schedule 4.01(e), no officer, director or employee of TTHX or any member of the immediate family of any such officer, director or employee, or any entity in which any of such persons owns any beneficial interest (other than any publicly-held corporation whose stock is traded on a national securities exchange or in the over-the-counter market and less than one percent of the stock of which is beneficially owned by any of such persons), has any agreement with TTHX or any interest in any of their property of any nature, used in or pertaining to the business of TTHX. None of the foregoing persons has any direct or indirect interest in any competitor, supplier or customer of TTHX or in any person from whom or to whom TTHX leases any property or transacts business of any nature.

(f)

Government Authorization.  No consent, approval, order or authorization of, or registration, declaration or filing with, or notice to, any Governmental Entity, is required by or with respect to TTHX in connection with the execution and delivery of this Agreement by TTHX, or the consummation by TTHX of the transactions contemplated hereby, except, with respect to this Agreement, any filings under the Nevada Statutes, the Securities Act or the Exchange Act.

(g)

Financial Statements.  

(i)

The consolidated financial statements of TTHX included in the reports, schedules, forms, statements and other documents filed by TTHX with the SEC (collectively, and in each case including all exhibits and schedules thereto and documents incorporated by reference therein, the “TTHX SEC Documents”) comply as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, have been prepared in accordance with U.S. generally accepted accounting principles (except, in the case of unaudited consolidated quarterly statements, as permitted by Form 10-Q of the SEC) applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto) and fairly present the consolidated financial position of TTHX and its consolidated subsidiaries as of the dates thereof and the consolidated results of operations and changes in cash flows for the periods then ended (subject, in the case of unaudited quarterly statements, to normal year-end audit adjustments as determined by TTHX’s independent accountants).  Except as set forth in the TTHX SEC Documents, at the date of the most recent audited financial statements of TTHX included in the TTHX SEC Documents, TTHX has not incurred any liabilities or obligations of any nature (whether accrued, absolute, contingent or otherwise) which, individually or in the 

13

aggregate, could reasonably be expected to have a material adverse effect with respect to TTHX.

(ii)

TTHX has made the following financial information (collectively, the (“TTHX Financial Information”) available to TURNKEY:

(x)

audited balance sheet and statements of income, changes in stockholders’ equity and cash flow as of and for the fiscal years ended December 31, 2014 and December 31, 2013; and

(y)

unaudited financial statements dated as of March 31, 2015 (“TTHX Unaudited Financial Statements”). 

(z)

The TTHX Financial Information presents fairly the financial condition of TTHX as of such dates and the results of operations of TTHX for such periods, in accordance with GAAP and are consistent with the books and records of TTHX (which books and records are correct and complete).

(h)

Events Subsequent to TTHX Unaudited Financial Statements.  Since the date of the TTHX Unaudited Financial Statements, there has not been, occurred or arisen, with respect to TTHX:

(i)

any change or amendment in its Articles of Incorporation and/or Bylaws; 

(ii)

any reclassification, split-up or other change in, or amendment of or modification to, the rights of the holders of any of its capital stock;

(iii)

any direct or indirect redemption, purchase or acquisition by any person of any of its capital stock or of any interest in or right to acquire any such stock;

(iv)

any issuance, sale, or other disposition of any capital stock, or any grant of any options, warrants, or other rights to purchase or obtain (including upon conversion, exchange, or exercise) any capital stock;

(v)

any declaration, set aside, or payment of any dividend or any distribution with respect to its capital stock (whether in cash or in kind) or any redemption, purchase, or other acquisition of any of its capital stock;

(vi)

the organization of any subsidiary or the acquisition of any shares of capital stock by any person or any equity or ownership interest in any business;

(vii)

any damage, destruction or loss of any of its properties or assets whether or not covered by insurance;

(viii)

any sale, lease, transfer or assignment of any of its assets, tangible or intangible, other than for a fair consideration in the ordinary course of business;

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(ix)

the execution of, or any other commitment to any agreement, contract, lease, or license (or series of related agreements, contracts, leases, and licenses) outside the ordinary course of business;

(x)

any acceleration, termination, modification, or cancellation of any agreement, contract, lease or license (or series of related agreements, contracts, leases, and licenses) involving more than $10,000 to which it is a party or by which it is bound;

(xi)

any security interest or encumbrance imposed upon any of its assets, tangible or intangible;

(xii)

any capital investment in, any loan to, or any acquisition of the securities or assets of, any other person or entity (or series of related capital investments, loans and acquisitions) involving more than $2,500 and outside the ordinary course of business;

(xiii)

any issuance of any note, bond or other debt security, or created, incurred, assumed, or guaranteed any indebtedness for borrowed money or capitalized lease obligation involving more than $2,500;

(xiv)

any delay or postponement of the payment of accounts payable or other liabilities;

(xv)

any loan to, or any entrance into any other transaction with, any of its directors, officers and employees either involving more than $500 individually or $2,500 in the aggregate;

(xvi)

any employment contract or collective bargaining agreement, written or oral, or modified the terms of any existing such contract or agreement;

(xvii)

any taking of other action or entrance into any other transaction other than in the ordinary course of business, or entrance into any transaction with any insider of TTHX, except as disclosed in this Agreement and any disclosures schedules;

(xviii)

any other event or occurrence that may have or could reasonably be expected to have a material adverse effect on TTHX (whether or not similar to any of the foregoing); or

(xix)

any agreement or commitment, whether in writing or otherwise, to do any of the foregoing.

(i)

Certain Fees.  No brokerage or finder’s fees or commissions are or will be payable by TTHX to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other person with respect to the transactions contemplated by this Agreement.

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(j)

Litigation; Labor Matters; Compliance with Laws. 

(i)

There is no suit, action or proceeding or investigation pending or, to the knowledge of TTHX, threatened against or affecting TTHX or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect with respect to TTHX or prevent, hinder or materially delay the ability of TTHX to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any Governmental Entity or arbitrator outstanding against TTHX having, or which, insofar as reasonably could be foreseen by TTHX, in the future could have, any such effect.

(ii)

The conduct of the business of TTHX complies with all statutes, laws, regulations, ordinances, rules, judgments, orders, decrees or arbitration awards applicable thereto.

(k)

Contracts. TTHX has no written or oral contracts, understandings, agreements and other arrangements executed by an officer or duly authorized employee of TTHX or to which TTHX is a party, except for this Agreement.

(l)

SEC Reports and Financial Statements.  TTHX has filed with the SEC all reports and other filings required to be filed by TTHX in accordance with the Securities Act and the Exchange Act and the rules and regulations promulgated thereunder (the “TTHX SEC Reports”). As of their respective dates, the TTHX SEC Reports complied in all material respects with the applicable requirements of the Securities Act, the Exchange Act and the respective rules and regulations promulgated thereunder applicable to such TTHX SEC Reports and, except to the extent that information contained in any TTHX SEC Report has been revised or superseded by a later TTHX SEC Report filed and publicly available prior to the date of this Agreement, none of the TTHX SEC Reports contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The financial statements of TTHX included in TTHX SEC Reports were prepared from and are in accordance with the accounting books and other financial records of TTHX, were prepared in accordance with GAAP (except, in the case of unaudited statements, as permitted by the rules of the SEC) applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto) and presented fairly the consolidated financial position of TTHX and its consolidated subsidiaries as of the dates thereof and the consolidated results of their operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). Except as set forth in the TTHX SEC Reports, TTHX has no liabilities or obligations of any nature (whether accrued, absolute, contingent or otherwise) other than liabilities or obligations incurred in the ordinary course of business. The TTHX SEC Reports accurately disclose (i) the terms and provisions of all stock option plans, (ii) transactions with Affiliates, and (iii) all material contracts required to be disclosed pursuant to Item 601(b)(10) of Regulation S-K promulgated by the SEC. If at any time prior to Closing should TTHX become delinquent in any required filings with the SEC, TTHX represents and warrants that such filings shall be brought current in no less than 20 business days from the due date. Until such time as the 

16

filing is brought current, TTHX will promptly file any and all reports required to advise the SEC of the failure to file the reports when due.  

(m)

Board Determination.  The Board of Directors of TTHX has unanimously determined that the terms of the Share Exchange are fair to and in the best interests of TTHX and its stockholders.

(n)

Required TTHX Share Issuance Approval.  TTHX represents that the issuance of the Exchange Shares to the Shareholders will be in compliance with the Nevada Statutes and the Bylaws of TTHX as well as federal and state securities laws.

(o)

Undisclosed Liabilities.  TTHX has no liabilities or obligations of any nature (whether fixed or unfixed, secured or unsecured, known or unknown and whether absolute, accrued, contingent, or otherwise) except for liabilities or obligations reflected or reserved against in the TTHX SEC Documents incurred in the ordinary course of business.

(p)

Full Disclosure.  All of the representations and warranties made by TTHX in this Agreement, and all statements set forth in the certificates delivered by TTHX at the Closing pursuant to this Agreement, are true, correct and complete in all material respects and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make such representations, warranties or statements, in light of the circumstances under which they were made, misleading. The copies of all documents furnished by TTHX pursuant to the terms of this Agreement are complete and accurate copies of the original documents. The schedules, certificates, and any and all other statements and information, whether furnished in written or electronic form, to TURNKEY or its representatives by or on behalf of TTHX and the TTHX Stockholders in connection with the negotiation of this Agreement and the transactions contemplated hereby do not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein not misleading.

(q)

Powers of Attorney. There are no outstanding powers of attorney executed on behalf of TTHX.

ARTICLE IV.

COVENANTS RELATING TO CONDUCT OF BUSINESS PRIOR TO SHARE EXCHANGE

4.01

Conduct of TURNKEY and TTHX.  From the date of this Agreement and until the Effective Time, or until the prior termination of this Agreement, TURNKEY and TTHX shall not, unless mutually agreed to in writing: 

(a)

engage in any transaction, except in the normal and ordinary course of business, or create or suffer to exist any lien or other encumbrance upon any of their respective assets or which will not be discharged in full prior to the Effective Time;

(b)

sell, assign or otherwise transfer any of their assets, or cancel or compromise any debts or claims relating to their assets, other than for fair value, in the ordinary course of business, and consistent with past practice; 

17

(c)

fail to use reasonable efforts to preserve intact their present business organizations, keep available the services of their employees and preserve its material relationships with customers, suppliers, licensors, licensees, distributors and others, to the end that its good will and ongoing business not be impaired prior to the Effective Time;

(d)

suffer or permit any material adverse change to occur with respect to TURNKEY and TTHX or their business or assets; 

(e)

make any material change with respect to their business in accounting or bookkeeping methods, principles or practices, except as required by GAAP.

4.02

Current Information.

(a)

During the period from the date of this Agreement to the Closing, each Party hereto shall promptly notify each other Party of any (i) significant change in its ordinary course of business, (ii) proceeding (or communications indicating that the same may be contemplated), or the institution or threat or settlement of proceedings, in each case involving the Parties the outcome of which, if adversely determined, could reasonably be expected to have a material adverse effect on the Party, taken as a whole or (iii) event which such Party reasonably believes could be expected to have a material adverse effect on the ability of any party hereto to consummate the Share Exchange.

(b)

During the period from the date of this Agreement to the Closing, TTHX shall promptly notify TURNKEY of any correspondence received from the SEC and FINRA and shall deliver a copy of such correspondence to TURNKEY within one (1) business day of receipt.  

4.03

Material Transactions. Prior to the Closing, neither TURNKEY nor TTHX will, without first obtaining the written consent of the other parties hereto:

(a)

amend its Articles of Incorporation or Bylaws or enter into any agreement to merge or consolidate with, or sell a significant portion of its assets to, any other Person;

(b)

place on any of its assets or properties any pledge, charge or other Encumbrance, except as otherwise authorized hereunder, or enter into any transaction or make any contract or commitment relating to its properties, assets and business, other than in the ordinary course of business or as otherwise disclosed herein;

(c)

guarantee the obligation of any person, firm or corporation, except in the ordinary course of business;

(d)

make any loan or advance in excess of Two Thousand Five Hundred ($2,500) Dollars in the aggregate or cancel or accelerate any material indebtedness owing to it or any claims which it may possess or waive any material rights of substantial value;

(e)

violate any applicable law which violation might have a material adverse effect on such party;

18

(f)

except in the ordinary course of business, enter into any agreement or transaction with any of such party’s affiliates; or

(g)

engage in any transaction or take any action that would render untrue in any material respect any of the representations and warranties of such party contained in this Agreement, as if such representations and warranties were given as of the date of such transaction or action.

ARTICLE V.

ADDITIONAL AGREEMENTS

5.01

Access to Information; Confidentiality. 

(a)

TURNKEY shall, and shall cause its officers, employees, counsel, financial advisors and other representatives to, afford to TTHX and its representatives reasonable access during normal business hours during the period prior to the Effective Time to its and to TURNKEY ’s properties, books, contracts, commitments, personnel and records and, during such period, TURNKEY shall, and shall cause its officers, employees and representatives to, furnish promptly to TTHX all information concerning its business, properties, financial condition, operations and personnel as such other party may from time to time reasonably request. For the purposes of determining the accuracy of the representations and warranties of TTHX set forth herein and compliance by TTHX of its obligations hereunder, during the period prior to the Effective Time, TTHX shall provide TURNKEY and its representatives with reasonable access during normal business hours to its properties, books, contracts, commitments, personnel and records as may be necessary to enable TURNKEY to confirm the accuracy of the representations and warranties of TTHX set forth herein and compliance by TTHX of its obligations hereunder, and, during such period, TTHX shall, and shall cause its officers, employees and representatives to, furnish promptly to TURNKEY upon its request (i) a copy of each report, schedule, registration statement and other document filed by it during such period pursuant to the requirements of federal or state securities laws and (ii) all other information concerning its business, properties, financial condition, operations and personnel as such other party may from time to time reasonably request.  Except as required by law, each of TURNKEY and TTHX will hold, and will cause its respective directors, officers, employees, accountants, counsel, financial advisors and other representatives and affiliates to hold, any nonpublic information in confidence. 

(b)

No investigation pursuant to this Section 5.01 shall affect any representations or warranties of the parties herein or the conditions to the obligations of the parties hereto.

5.02

Best Efforts.  Upon the terms and subject to the conditions set forth in this Agreement, each of the parties agrees to use its best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Share Exchange and the other transactions contemplated by this Agreement. TTHX and TURNKEY shall mutually cooperate in order to facilitate the achievement of the benefits reasonably anticipated from the Share Exchange and Plan of Reorganization.

19

5.03

Public Announcements.  TTHX, on the one hand, and TURNKEY, on the other hand, will consult with each other before issuing, and provide each other the opportunity to review and comment upon, any press release or other public statements with respect to the transactions contemplated by this Agreement and shall not issue any such press release or make any such public statement prior to such consultation, except as may be required by applicable law or court process. The parties agree that the initial press release or releases to be issued with respect to the transactions contemplated by this Agreement shall be mutually agreed upon prior to the issuance thereof. 

5.04

Expenses.  All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such expenses.

5.05

No Solicitation.  Except as previously agreed to in writing by the other party, neither TURNKEY nor TTHX shall authorize or permit any of its officers, directors, agents, representatives, or advisors to (a) solicit, initiate or encourage or take any action to facilitate the submission of inquiries, proposals or offers from any person relating to any matter concerning any exchange, merger, consolidation, business combination, recapitalization or similar transaction involving TURNKEY or TTHX, respectively, other than the transaction contemplated by this Agreement or any other transaction the consummation of which would or could reasonably be expected to impede, interfere with, prevent or delay the Share Exchange or which would or could be expected to dilute the benefits to either TURNKEY or TTHX of the transactions contemplated hereby. TURNKEY or TTHX will immediately cease and cause to be terminated any existing activities, discussions and negotiations with any parties conducted heretofore with respect to any of the foregoing. 

ARTICLE VI.

CONDITIONS PRECEDENT

6.01

Conditions to Each Party’s Obligation to Effect the Share Exchange.  The obligation of each party to effect the Share Exchange and otherwise consummate the transactions contemplated by this Agreement is subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

(a)

No Restraints.  No temporary restraining order, preliminary or permanent injunction or other order preventing the consummation of the Share Exchange and Plan of Reorganization shall have been issued by any court of competent jurisdiction or any other Governmental Entity having jurisdiction and shall remain in effect, and there shall not be any applicable legal requirement enacted, adopted or deemed applicable to the Share Exchange that makes consummation of the Share Exchange illegal. 

(b)

Governmental Approvals.  All authorizations, consents, orders, declarations or approvals of, or filings with, or terminations or expirations of waiting periods imposed by, any governmental entity having jurisdiction which the failure to obtain, make or occur would have a material adverse effect on TTHX or TURNKEY shall have been obtained, made or occurred.

(c)

No Litigation.  There shall not be pending or threatened any suit, action or proceeding before any court, Governmental Entity or authority (i) pertaining to the transactions 

20

contemplated by this Agreement or (ii) seeking to prohibit or limit the ownership or operation by TURNKEY, TTHX or any of its subsidiaries, or to dispose of or hold separate any material portion of the business or assets of TURNKEY or TTHX.

6.02

Agreement of TBG.  To facilitate this Agreement, TBG, at or prior to Closing, shall tender to TURNKEY 15,000,000 shares of TURNKEY common stock for cancellation.

6.03

Agreement of TURNKEY.  To facilitate this Agreement, TURNKEY, at or prior to Closing, shall cause Multimedia Platforms, Inc. to forgive the TURNKEY obligation to Multimedia Platforms, Inc. in the amount of $113,000.

6.04

Conditions Precedent to Obligations of TTHX.  The obligation of TTHX to effect the Share Exchange and Plan of Reorganization and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

(a)

Representations, Warranties and Covenants.  The representations and warranties of TURNKEY in this Agreement shall be true and correct in all material respects (except for such representations and warranties that are qualified by their terms by a reference to materiality or material adverse effect, which representations and warranties as so qualified shall be true and correct in all respects) both when made and on and as of the Closing Date, and (ii) TURNKEY shall have performed and complied in all material respects with all covenants, obligations and conditions of this Agreement required to be performed and complied with by each of them prior to the Effective Time.

(b)

Consents.  TTHX shall have received evidence, in form and substance reasonably satisfactory to it, that such licenses, permits, consents, approvals, authorizations, qualifications and orders of governmental authorities and other third parties as necessary in connection with the transactions contemplated hereby have been obtained.

(c)

No Material Adverse Change.  There shall not have occurred any change in the business, condition (financial or otherwise), results of operations or assets (including intangible assets) and properties of TURNKEY that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on TURNKEY.

(d)

Board Resolutions.  TTHX shall have received resolutions duly adopted by TURNKEY’s board of directors approving the execution, delivery, and performance of the Agreement and the transactions contemplated by the Agreement.

(e)

Due Diligence Investigation.  TTHX shall be reasonably satisfied with the results of its due diligence investigation of TURNKEY in its sole and absolute discretion.

6.05

Conditions Precedent to Obligation of TURNKEY.  The obligation of TURNKEY to effect the Share Exchange and Plan of Reorganization and otherwise consummate the transactions contemplated by this Agreement is subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

21

(a)

Representations, Warranties and Covenants.  The representations and warranties of TTHX in this Agreement shall be true and correct in all material respects (except for such representations and warranties that are qualified by their terms by a reference to materiality or material adverse effect, which representations and warranties as so qualified shall be true and correct in all respects) both when made and on and as of the Closing Date, and (ii) TTHX shall have performed and complied in all material respects with all covenants, obligations and conditions of this Agreement required to be performed and complied with by it prior to the Effective Time.

(b)

Consents.  TURNKEY shall have received evidence, in form and substance reasonably satisfactory to it, that such licenses, permits, consents, approvals, authorizations, qualifications and orders of governmental authorities and other third parties as necessary in connection with the transactions contemplated hereby have been obtained.

(c)

No Material Adverse Change.  There shall not have occurred any change in the business, condition (financial or otherwise), results of operations or assets (including intangible assets) and properties of TTHX that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on TTHX.

(d)

Board Resolutions.  TURNKEY shall have received resolutions duly adopted by TTHX’s board of directors approving the execution, delivery and performance of the Agreement and the transactions contemplated by the Agreement. 

(e)

SEC Reports.  Prior to Closing all SEC reports shall have been filed and the post-effective amendment to the registration statement shall be effective.

(f)

Current Report.  TTHX will prepare for filing a Form 8-K to be filed within four (4) business days of the Closing Date containing the required information relating to the Share Exchange and Plan of Reorganization.

(g)

Due Diligence Investigation.  TURNKEY shall be reasonably satisfied with the results of its due diligence investigation of TTHX in its sole and absolute discretion.

ARTICLE VII.

CLOSING

7.01

TTHX shall make the following deliveries at Closing.  To consummate the transaction, TTHX shall at Closing make the following deliveries:

(a)

Executed Closing Certificate in the form attached hereto as Exhibit B;

(b)

Written consent of Board of Directors in the form attached hereto as Exhibit C re: issuance of stock

(c)

Written consent of the Board of Directors in the form attached as Exhibit D;

(d)

Written consent of Board of Directors in the form attached hereto as Exhibit D re: appointment of its officers and directors.

22

(e)

Irrevocable instructions to its transfer agent to deliver the Exchange Shares.

7.02

TURNKEY and the Shareholders shall make the following deliveries at Closing.  To consummate the transaction TURNKEY and the Shareholders shall at Closing make the following deliveries:

(a)

Executed Closing Certificate in the form attached hereto as Exhibit A;

(b)

Written Consent of the Board of Directors in the form attached as Exhibit F.

(c)

The Ownership Interests.

7.03

Deliveries Subsequent to Closing.  Within 74 days of Closing, TURNKEY shall deliver to TTHX its Audited and Unaudited Financial Statements.

ARTICLE VIII.

TERMINATION, AMENDMENT AND WAIVER

8.01

Termination.  This Agreement may be terminated and abandoned at any time prior to the Effective Time of the Share Exchange:

(a)

by mutual written consent of TTHX and TURNKEY; 

(b)

by either TTHX or TURNKEY if any Governmental Entity shall have issued an order, decree or ruling or taken any other action permanently enjoining, restraining or otherwise prohibiting the Share Exchange and Plan of Reorganization and such order, decree, ruling or other action shall have become final and non-appealable; 

(c)

by either TTHX or TURNKEY if the Share Exchange and Plan of Reorganization  shall not have been consummated on or before July 31, 2015 (other than as a result of the failure of the party seeking to terminate this Agreement to perform its obligations under this Agreement required to be performed at or prior to the Effective Time).

(d)

by TTHX, if a material adverse change shall have occurred relative to TURNKEY (and not curable within thirty (30) days); 

(e)

by TURNKEY if a material adverse change shall have occurred relative to TTHX (and not curable within thirty (30) days); 

(f)

by TTHX, if TURNKEY willfully fails to perform in any material respect any of its material obligations under this Agreement; or 

(g)

by TURNKEY, if TTHX willfully fails to perform in any material respect any of its obligations under this Agreement. 

8.02

Effect of Termination.  In the event of termination of this Agreement by either TURNKEY or TTHX as provided in Section 8.01, this Agreement shall forthwith become void and have no effect, without any liability or obligation on the part of TTHX or TURNKEY, other 

23

than the provisions of this Section 8.02. Nothing contained in this Section shall relieve any party for any breach of the representations, warranties, covenants or agreements set forth in this Agreement.

8.03

Amendment.  This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties upon approval by the party, if such party is an individual, and upon approval of the Board of Director of TTHX and of TURNKEY. 

8.04

Extension; Waiver.  Subject to Section 8.01(c), at any time prior to the Effective Time, the parties may (a) extend the time for the performance of any of the obligations or other acts of the other parties, (b) waive any inaccuracies in the representations and warranties contained in this Agreement or in any document delivered pursuant to this Agreement, or (c) waive compliance with any of the agreements or conditions contained in this Agreement. Any agreement on the part of a party to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party. The failure of any party to this Agreement to assert any of its rights under this Agreement or otherwise shall not constitute a waiver of such rights. 

8.05

Return of Documents.  In the event of termination of this Agreement for any reason, TTHX and TURNKEY will return to the other party all of the other party’s documents, work papers, and other materials (including copies) relating to the transactions contemplated in this Agreement, whether obtained before or after execution of this Agreement. TTHX and TURNKEY will not use any information so obtained from the other party for any purpose and will take all reasonable steps to have such other party’s information kept confidential.

ARTICLE IX.

INDEMNIFICATION AND RELATED MATTERS

9.01

Survival of Representations and Warranties.  The representations and warranties in this Agreement or in any instrument delivered pursuant to this Agreement, including any disclosure schedule, shall survive until twelve (12) months after the Effective Time (except for with respect to Taxes, which shall survive for the applicable statute of limitations plus 90 days, and covenants that by their terms survive for a longer period). The right to any remedy based upon such representations and warranties shall not be affected by any investigation conducted with respect to, or any knowledge acquired at any time, whether before or after execution and delivery of this Agreement or the Closing Date, with respect to the accuracy or inaccuracy of any such representation or warranty.

9.02

Indemnification. 

(a)

TTHX shall indemnify and hold TURNKEY and TURNKEY’s officers and directors (“TURNKEY Representatives”) harmless for, from and against any and all liabilities, obligations, damages, losses, deficiencies, costs, penalties, interest and expenses (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever) (collectively, “Losses”) to which TTHX may become subject resulting from or arising out of any breach of a representation, warranty or covenant made by TTHX as set forth herein.

24

(b)

TURNKEY shall indemnify and hold TTHX and TTHX’s officers and directors (“TTHX’s Representatives”) harmless for, from and against any and all Losses to which TTHX or TTHX’s Representatives may become subject resulting from or arising out of (1) any breach of a representation, warranty or covenant made by TURNKEY as set forth herein; or (2) any and all liabilities arising out of or in connection with: (A) any of the assets of TURNKEY prior to the Closing; or (B) the operations of TURNKEY prior to the Closing.

9.03

Notice of Indemnification.  Promptly after the receipt by any indemnified party (the “Indemnitee”) of notice of the commencement of any action or proceeding against such Indemnitee, such Indemnitee shall, if a claim with respect thereto is or may be made against any indemnifying party (the “Indemnifying Party”) pursuant to this Article IX, give such Indemnifying Party written notice of the commencement of such action or proceeding and give such Indemnifying Party a copy of such claim and/or process and all legal pleadings in connection therewith. The failure to give such notice shall not relieve any Indemnifying Party of any of its indemnification obligations contained in this Article IX, except where, and solely to the extent that, such failure actually and materially prejudices the rights of such Indemnifying Party. Such Indemnifying Party shall have, upon request within thirty (30) days after receipt of such notice, but not in any event after the settlement or compromise of such claim, the right to defend, at its own expense and by its own counsel reasonably acceptable to the Indemnitee, any such matter involving the asserted liability of the Indemnitee; provided, however, that if the Indemnitee determines that there is a reasonable probability that a claim may materially and adversely affect it, other than solely as a result of money payments required to be reimbursed in full by such Indemnifying Party under this Article IX or if a conflict of interest exists between Indemnitee and the Indemnifying Party, the Indemnitee shall have the right to defend, compromise or settle such claim or suit; and, provided, further, that such settlement or compromise shall not, unless consented to in writing by such Indemnifying Party, which shall not be unreasonably withheld, be conclusive as to the liability of such Indemnifying Party to the Indemnitee. In any event, the Indemnitee, such Indemnifying Party and its counsel shall cooperate in the defense against, or compromise of, any such asserted liability, and in cases where the Indemnifying Party shall have assumed the defense, the Indemnitee shall have the right to participate in the defense of such asserted liability at the Indemnitee’s own expense. In the event that such Indemnifying Party shall decline to participate in or assume the defense of such action, prior to paying or settling any claim against which such Indemnifying Party is, or may be, obligated under this Article IX to indemnify an Indemnitee, the Indemnitee shall first supply such Indemnifying Party with a copy of a final court judgment or decree holding the Indemnitee liable on such claim or, failing such judgment or decree, the terms and conditions of the settlement or compromise of such claim. An Indemnitee’s failure to supply such final court judgment or decree or the terms and conditions of a settlement or compromise to such Indemnifying Party shall not relieve such Indemnifying Party of any of its indemnification obligations contained in this Article IX, except where, and solely to the extent that, such failure actually and materially prejudices the rights of such Indemnifying Party. If the Indemnifying Party is defending the claim as set forth above, the Indemnifying Party shall have the right to settle the claim only with the consent of the Indemnitee. 

25

ARTICLE X.

GENERAL PROVISIONS

10.01

Notices.  Any and all notices and other communications hereunder shall be in writing and shall be deemed duly given to the party to whom the same is so delivered, sent or mailed at addresses and contact information set forth below (or at such other address for a party as shall be specified by like notice.) Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be deemed given and effective on the earliest of: (a) on the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto prior to 5:30 p.m. (Eastern Standard Time) on a business day, (b) on the next business day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto on a day that is not a business day or later than 5:30 p.m. (Eastern Standard Time) on any business day, (c) on the second business day following the date of mailing, if sent by a nationally recognized overnight courier service, or (d) if by personal delivery, upon actual receipt by the party to whom such notice is required to be given. 

If to TTHX:

Neil Swartz, President

Train Travel Holdings, Inc.

2929 East Commercial Blvd., PH-D,

Fort Lauderdale, Florida 33308

Tel: (954) 440-4678

If to TURNKEY :

Robert Blair, President

Turnkey Home Buyers USA, Inc.

2929 East Commercial Blvd., PH-D,

Fort Lauderdale, Florida 33308

Tel: (954) 440-4678

10.02

Definitions.  For purposes of this Agreement:

(a)

an “affiliate” of any person means another person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first person;

(b)

“material adverse change” or “material adverse effect” means, when used in connection with TURNKEY or TTHX, any change or effect that either individually or in the aggregate with all other such changes or effects is materially adverse to the business, assets, properties, condition (financial or otherwise) or results of operations of such party and its subsidiaries taken as a whole (after giving effect in the case of TTHX to the consummation of the Share Exchange);

26

(c)

“person” means an individual, corporation, partnership, joint venture, association, trust, unincorporated organization or other entity; and

(d)

a “subsidiary” of any person means another person, an amount of the voting securities, other voting ownership or voting partnership interests of which is sufficient to elect at least a majority of its board of Directors or other governing body (or, if there are no such voting interests, fifty percent (50%) or more of the equity interests of which) is owned directly or indirectly by such first person.

10.03

Interpretation.  When a reference is made in this Agreement to a Section, Exhibit or Schedule, such reference shall be to a Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated.  The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”.

10.04

Entire Agreement; No Third-Party Beneficiaries.  This Agreement and the other agreements referred to herein constitute the entire agreement, and supersede all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter of this Agreement. This Agreement is not intended to confer upon any person other than the parties any rights or remedies.

10.05

Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof. 

10.06

Assignment.  Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the parties without the prior written consent of the other parties.  Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.

10.07

Enforcement.  The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in any court of the United States located in the State of Nevada, this being in addition to any other remedy to which they are entitled at law or in equity. In addition, each of the parties hereto (a) agrees that it will not attempt to deny or defeat such personal jurisdiction or venue by motion or other request for leave from any such court, and (b) agrees that it will not bring any action relating to this Agreement or any of the transactions contemplated by this Agreement in any state court other than such court.

10.08

Severability.  Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such 

27

invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.

10.09

Counterparts.  This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same Agreement. This Agreement, to the extent delivered by means of a facsimile machine or electronic mail (any such delivery, an “Electronic Delivery”), shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto, each other party hereto shall re-execute original forms hereof and deliver them in person to all other parties. No party hereto shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity.

10.10

Attorney’s Fees.  In the event any suit or other legal proceeding is brought for the enforcement of any of the provisions of this Agreement, the parties hereto agree that the prevailing party or parties shall be entitled to recover from the other party or parties upon final judgment on the merits reasonable attorneys’ fees, including attorneys’ fees for any appeal, and costs incurred in bringing such suit or proceeding.

10.11

Currency.  All references to currency in this Agreement shall refer to the lawful currency of the United States of America.

IN WITNESS WHEREOF, the undersigned have caused their duly authorized officers to execute this Agreement as of the date first above written.

			
	Train Travel Holdings, Inc.

	 
	TBG Holdings, Inc.

	 
	 
	 

	/s/ Neil Swartz

	 
	/s/ Neil Swartz

	Neil Swartz

	 
	Neil Swartz

	President

	 
	Chief Executive Officer

	 
	 
	 

	 
	 
	 

	Turnkey Home Buyers USA Inc.

	 
	Train Travel Holdings, Inc. (TTH)

	 
	 
	 

	/s/ Robert A. Blair

	 
	/s/ Timothy Hart

	Robert A. Blair

	 
	Timothy Hart

	President

	 
	Treasurer

	 
	 
	 

	/s/ 

	 
	 

	Investors

	 
	 

28

Schedule 1.01(b)

				
	LN

	FN

	Shares

	@

	Arbuckle

	Tom

	125,000

	$0.10

	Beckman

	Walter

	125,000

	$0.10

	Brongo

	Robert

	62,500

	$0.10

	Buck

	Joe

	500,000

	$0.10

	Camacho

	Charlemagne

	62,500

	$0.10

	Castell

	AJ (Allen)

	62,500

	$0.10

	Cooper

	R. Stanley

	62,500

	$0.10

	Coppola

	Peter

	125,000

	$0.10

	Crawford

	Robert

	250,000

	$0.10

	Darwin

	Barnes

	250,000

	$0.10

	Darwin

	Barnes

	62,500

	$0.10

	David (Peter Villari)

	Peter

	50,000

	$0.10

	DeMartin

	Dennis

	50,000

	$0.10

	Doonan

	Donald

	250,000

	$0.10

	Eisenberg

	Leslie

	125,000

	$0.10

	Fish

	Christopher

	250,000

	$0.10

	Forsythe

	James

	100,000

	$0.10

	Gardner

	Glenn

	125,000

	$0.10

	Gardner

	Gertrude Inc.

	125,000

	$0.10

	Gornick

	Thomas

	50,000

	$0.10

	Gornick

	Thomas

	50,000

	$0.10

	Hackett

	Shane (MarketLeverage)

	1,000,000

	$0.10

	Helinger

	Michael

	62,500

	$0.10

	Helinger

	Michael

	62,500

	$0.10

	Helinger

	Michael

	62,500

	$0.10

	Helinger

	Michael

	62,500

	$0.10

	Hughes

	Gary

	125,000

	$0.10

	Keller

	John

	40,000

	$0.10

	Keller

	John

	60,000

	$0.10

	Kison

	Paul

	125,000

	$0.10

	Kison

	Paul

	12,500

	$0.10

	Knapp

	William

	250,000

	$0.10

	Knapp

	William

	250,000

	$0.10

	Kriel

	Edwin

	62,500

	$0.10

	Kriel

	Edwin

	50,000

	$0.10

	Larson

	Robert

	62,500

	$0.10

	Lasorsa

	Vincent

	200,000

	$0.10

				
	Lasorsa

	Vincent

	250,000

	$0.10

	Lazuta

	Dennis

	250,000

	$0.10

	Leja, Norman

	Le Com Entprs.

	25,000

	$0.10

	Lerman

	Robert

	62,500

	$0.10

	Lerman

	Robert

	62,500

	$0.10

	Liska

	Randall

	50,000

	$0.10

	Liska

	Randall

	200,000

	$0.10

	McKenzie

	Lensford

	25,000

	$0.10

	McCloud

	Leslie

	62,500

	$0.10

	Mercer

	Fred

	125,000

	$0.10

	Miller

	Zachary M

	100,000

	$0.10

	Nanavati

	Parul

	250,000

	$0.10

	Nelson

	Michael/JM

	150,000

	$0.10

	Niles

	Michael

	250,000

	$0.10

	Niles

	Michael

	250,000

	$0.10

	Oertel

	John

	62,500

	$0.10

	Oertel

	John

	62,500

	$0.10

	Paschall

	James

	25,000

	$0.10

	Paschall

	James

	20,000

	$0.10

	Peter David LLC

	Peter Villari

	50,000

	$0.10

	Peterson

	Gregory

	125,000

	$0.10

	Soehren

	Stephen TTE

	62,500

	$0.10

	Spell

	Samuel (Kurt)

	62,500

	$0.10

	Spell

	Samuel

	62,500

	$0.10

	Starr

	Terry

	125,000

	$0.10

	Sumereau Construction Corp

	Chris Sumereau

	62,500

	$0.10

	Summer

	Brian

	62,500

	$0.10

	TBG Holdings

	 

	15,000,000

	$0.00

	Tagliola

	Joseph

	250,000

	$0.10

	Temkin

	Ruben

	150,000

	$0.10

	Vachon & Stallings Inc

	Rodney Stallings

	62,500

	$0.10

	Valk

	Howard

	62,500

	$0.10

	Van Katwijk

	Carl

	250,000

	$0.10

	Walker

	Garth

	25,000

	$0.10

	Walker

	Garth

	15,000

	$0.10

	Williams

	Lorraine

	250,000

	$0.10

	Worrow

	Jack

	250,000

	$0.10

	Zuppan

	Norman

	62,500

	$0.10

	Zuppan

	Norman 

	52,500

	$0.10

	Total

	 

	24,675,000EX-10.1

 EXHIBIT 10.1 

EXECUTIVE EMPLOYMENT AGREEMENT 

Mattersight Corporation (the “Company”), and Sheau-ming Ross, an individual (“Employee”), enter into this
Executive Employment Agreement (“Agreement”) as of July 6, 2015 (the “Effective Date”). 

WHEREAS, the Company desires to employ Employee to provide personal services to the Company and to
provide Employee with certain compensation and benefits in return for her services; and 
 WHEREAS,
Employee wishes to be employed by the Company and to provide personal services to the Company in return for certain compensation and benefits. 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, it
is hereby agreed by and between the parties hereto as follows: 
 1. Duties. The Company shall employ Employee as its Vice President
Chief Financial Officer, reporting directly to the Company’s President and Chief Executive Officer, and Employee accepts such employment upon the terms and conditions herein. Employee shall have such responsibilities, duties, and authority in
all material respects as are assigned to Employee as of the date hereof and such other responsibilities, duties, and authority as the President and Chief Executive Officer may reasonably designate and are customarily associated with this position.

 (a) Outside Activities. During the term of employment, Employee shall perform faithfully the duties assigned to him to the best of
her ability, and Employee shall devote her full and undivided business time and attention to the transaction of the Company’s business. Except in conformity with the requirements of the Company’s then-effective Code of Ethical Business
Conduct, Employee will not during the term of this Agreement undertake or engage (other than as a passive investor) in any other employment, occupation, or business enterprise, whether as an agent, partner, proprietor, officer, director, employee,
consultant, contractor, or otherwise, whether during or outside the business hours of the Company. Employee may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of her duties hereunder.

 (b) No Adverse Interests. Except as permitted by Section 9(c), during the term of employment, Employee agrees not to acquire,
assume, or participate in, directly or indirectly, any position, investment, or interest that is known or should be known by him to be adverse or antagonistic to the Company, its business, or prospects, financial or otherwise. 

2. Term of Employment; Termination. 

(a) At-Will Relationship. Employee’s employment relationship is at-will. Either Employee or the Company may terminate the
employment relationship at any time, for any reason or no reason, with or without Cause or advance notice. 

 (b) Termination by the Company without Cause; Termination by Employee with Good Reason.

 (i) Cause Definition. For purposes of this Agreement, “Cause” shall mean any of the following: (i) conviction,
including a plea of guilty or no contest, of any felony or any crime involving moral turpitude or dishonesty; (ii) fraud upon the Company (or an affiliate), embezzlement or misappropriation of corporate funds; (iii) willful acts of
dishonesty materially harmful to the Company; (iv) activities materially harmful to the Company’s reputation; (v) Employee’s willful misconduct, willful refusal to perform her duties, or substantial willful disregard of her
duties, provided that the Company first provides Employee with written notice of such conduct and thirty (30) days to cure such conduct, if such conduct is reasonably susceptible to cure; or (vi) material breach of this Agreement,
any other agreement with the Company, any policy of the Company, or any statutory duty or common law duty of loyalty owed to the Company that causes material harm to the Company; provided, no act or omission on Employee’s part shall be
considered “willful” unless it is done by Employee without reasonable belief that the Employee’s action was in the best interests of the Company. 

(ii) Good Reason Definition. For the purposes of this Agreement, “Good Reason” shall mean: (A) a reduction of
Employee’s base salary below the amount set forth in Section 3 of this Agreement, or a reduction in the “Target Bonus” defined in Section 4 of this Agreement, if any, unless such reduction is shared proportionally by the
three most highly-salaried officers of the Company in addition to Employee; (B) an involuntary relocation of Employee’s place of work to any location outside of the metropolitan area in which her primary office is located immediately prior
to the relocation, excluding temporary periods of thirty (30) days or less and ordinary course business travel; (C) a significant diminution by the Company in Employee’s position (including offices, titles, and reporting
relationships), authority, duties, or responsibilities (excluding diminutions resulting in the ordinary course from the Company becoming, pursuant to a Change of Control, (x) part of a larger organization in which Employee directly reports to
the Chief Executive Officer of such organization; or (y) a subsidiary or equivalent separate functional business unit of a larger organization; (D) a material breach by the Company of this Agreement; or (E) failure by the Company to
assign this Agreement to a successor upon a Change of Control. No Good Reason shall exist where: (1) Employee consents to the event that forms the basis for the Good Reason resignation; (2) Employee does not provide the Company’s
President and Chief Executive Officer with written notice describing in detail the Good Reason within thirty (30) days after its occurrence; or (3) the Company cures the Good Reason within thirty (30) days after its receipt of such
notice, if such conduct is reasonably susceptible to cure. 
 (i) Severance Benefits. In the event that Employee’s employment
is terminated without Cause by the Company or is terminated by Employee with Good Reason, Employee shall receive the following as her sole and exclusive severance benefits (collectively, the “Severance Benefits”): 

(1) Severance Pay. Employee will receive a lump sum payment, within seven (7) days following the effective date of termination,
equal to six (6) months of her then-current base salary, less standard payroll deductions and withholdings. 

(2) Severance Bonus. Employee will be paid a bonus, within seven (7) days following the effective date of termination, equal to
50% of the average of (A) the annual bonus she was paid for the year immediately preceding the termination and (B) her Target Bonus under the Company’s then-current bonus plan, if any, less standard payroll deductions and
withholdings. 

  
 2 

©2015 Mattersight Corporation. Mattersight Restricted Confidential Information. 

 (3) Severance Health Premium Reimbursements. If Employee timely elects to continue her
Company-provided group health insurance coverage pursuant to the federal COBRA law, the Company will reimburse Employee for the cost of such COBRA premiums to continue health insurance coverage at the same level of coverage for Employee and her
dependents (if applicable) in effect as of the termination date, through the end of six (6) months or until such time as Employee qualifies for health insurance benefits through a new employer, whichever occurs first. Employee shall notify the
Company in writing of such new employment not later than five (5) business days after securing it. 
 (4) Severance Vesting.
The vesting of all restricted stock or stock option or other equity grants that Employee has previously received or may in the future receive from the Company, shall be accelerated so that, as of the date of the termination, such restricted stock
and stock option grants shall vest as to the number of shares that would have vested had Employee provided an additional six (6) months of continuous service to the Company; provided, however, that if Employee is terminated without Cause within
six (6) months following a Change in Control (as defined in Section 6.8(b) of the Company’s 1999 Stock Incentive Plan), Employee terminates her employment for Good Reason within six (6) months following a Change in Control, or
Employee terminates her employment for the Good Reason described in clause (E) of Section 2(b)(ii), then such restricted stock and stock option grants shall vest as to the number of shares that would have vested had Employee provided an
additional twelve (12) months of continuous service to the Company. 
 (ii) Severance Conditions. As a condition of and prior
to the receipt of all or any of the Severance Benefits, Employee must execute and allow to become effective a general release of claims in the form attached hereto as Exhibit A within sixty (60) days after the effective date of
termination and must comply with the terms of this Agreement. Upon any termination of Employee’s employment by the Company without Cause or by Employee for Good Reason, the Company and its affiliates (by and through their respective directors
and senior executive officers) and Executive agree not to disparage the other party. 
 (c) Termination for Cause; Voluntary or Mutual
Termination. 
 (i) No Severance. In the event Employee’s employment is terminated by the Company at any time for Cause, or
Employee terminates her employment without Good Reason, or the parties mutually terminate their employment relationship, Employee will not be entitled to any Severance Benefits, pay in lieu of notice, or any other severance, compensation, benefits,
equity, acceleration, or any other amounts, with the exception of any benefit to which Employee has a vested right under a written benefit plan. 

(ii) Resignation. Employee may voluntarily terminate her employment with the Company at any time, without liability therefor. Employee
agrees to use good faith to give the Company reasonable notice of any such voluntary termination. Upon receipt of any termination notice from Employee, the Company, at its election, may require Employee to resign her employment prior to the
occurrence of any requested termination date. 

  
 3 

©2015 Mattersight Corporation. Mattersight Restricted Confidential Information. 

 (d) Termination for Death or Disability. 

(i) Termination. Employee’s employment will terminate upon her death or Disability. 

(ii) Disability Definition. For the purposes of this Agreement, “Disability” shall have the meaning set forth in the
Company’s then-current long-term disability benefit program or, if no such program is then in effect, shall mean a permanent disability rendering Employee unable to perform her duties for the Company for ninety (90) consecutive days or one
hundred eighty (180) days in any twelve (12) month period, which determination shall be made after the period of disability, unless an earlier determination can be made, by an independent physician who is appointed by the Board and agreed
to by the Employee, such agreement not to be unreasonably withheld, conditioned, or delayed. 
 (iii) Death or Disability Benefit.
Following the death or Disability of Employee while employed by the Company, the Company will provide Employee (or, in the case of death, Employee’s estate) a lump sum amount payable within thirty (30) days thereafter, equal to:
(A) Employee’s salary for twelve (12) months; (B) an amount equal to 100% of the average of (x) the annual bonus she was paid for the year immediately preceding the termination and (y) her Target Bonus under the
Company’s then-current bonus plan, if any, less standard payroll deductions and withholdings; plus (C) the cost of such COBRA premiums to continue health insurance coverage at the same level of coverage for Employee and her dependents (if
applicable) in effect as of the termination date, through the end of twelve (12) months. All restricted stock and stock option grants that Employee has then received from the Company or may in the future receive from the Company shall be vested
as to half of the unvested shares (or such greater amount, if any, as is provided for in the agreement for the applicable grant), and all such stock options shall, notwithstanding any lesser period, if any, provided for in the agreement for the
applicable grant, be exercisable for one (1) year following such termination (but not exceeding the term of such option). 
 (iv)
Severance Conditions. As a condition of and prior to the receipt of all or any of the Severance Benefits provided for upon death or Disability, Employee (or, in the case of death, Employee’s estate) must execute and allow to become
effective a general release of claims in the form attached hereto as Exhibit A within sixty (60) days of termination and must comply with the terms of this Agreement. Upon any termination of Employee’s employment for death or
Disability, the Company and its affiliates (by and through their respective directors and senior executive officers) and Executive (or, in the case of death, Employee’s estate) agree not to disparage the other party. 

(e) No Mitigation. In no event shall Employee be obligated to seek other employment or take any other action by way of mitigation of
the Severance Benefits payable to Employee, and such amounts (other than as provided at Section 2(b)(iii)(2)) shall not be reduced whether or not the Employee obtains other employment. 

(f) Accrued Obligations. Not later than ten (10) days after termination of Employee’s employment, the Company shall pay
Employee: (i) her accrued and unpaid base salary at the rate in effect at the time of notice of termination; (ii) any previous year’s earned but unpaid bonus and other earned and unpaid incentive cash compensation; and
(iii) accrued and unused vacation time, unpaid expense reimbursements, and other unpaid cash entitlements earned by Employee as of the date of termination pursuant to the terms of the applicable Company plan or program. 

  
 4 

©2015 Mattersight Corporation. Mattersight Restricted Confidential Information. 

 3. Salary. For services rendered hereunder, the Company shall pay Employee a base salary
at the per annum rate of $265,000, less standard payroll deductions and withholdings, and payable in accordance with the Company’s regular payroll schedule. Employee’s base salary (as well as her eligibility for incentive equity grants)
shall be subject to annual review and her base salary may, at the discretion of the Company’s Board of Directors, be increased from time to time. 

4. Target Bonus. Employee will be offered the opportunity to participate in the Company’s then-current bonus plan. Subject to and
in accordance with the terms and conditions of such plan and this Section, upon achievement of all bonus-related goals and objectives set by the Board of Directors and/or the Chief Executive Officer for the Company and for Employee (the “Bonus
Objectives”), Employee shall receive a cash bonus equal to or greater than $135,000 (“Target Bonus”), less standard payroll deductions and withholding as are applicable to similarly situated employees. The Company agrees that, for the
bonus payable in 2016 with respect to 2015 performance, Employee shall be paid not less than $100,000, less standard payroll deductions and withholding as are applicable to similarly situated employees, irrespective of Employee’s and/or the
Company’s achievement of the Bonus Objectives for 2015. The Company shall have the sole discretion to (i) change or eliminate bonus plans or programs at any time (provided, however, that after the bonus plan and Target Bonus objectives
have been established by the Board and/or the Chief Executive Officer for a given year, neither the Board nor the Chief Executive Officer shall later materially change the bonus plan or Bonus Objectives for such year to Employee’s detriment
without Employee’s consent), (ii) determine whether the Bonus Objectives for a given year have been achieved, and (iii) determine (in accordance with this Section and such Bonus Objectives and bonus plan) the amount of bonus earned by
Employee, if any. Bonuses are intended to retain valuable Company employees, and if Employee is not employed for any reason on the last day of the bonus year, he will not have earned the bonus and, except as expressly provided herein with respect to
the Severance Bonus, no partial or pro-rata bonus will be paid. Any bonus paid pursuant to this Section 4 shall be paid net of standard payroll deductions and withholdings. The target payment date for any bonus measured on the basis of a
calendar year shall be between January 1 and April 15 of the calendar year following the end of the performance period; provided, however, that such bonus shall be paid no later than April 15 of such calendar year following the end of
the performance period. 
 5. Employee Benefits. Employee shall be entitled to participate in such employee benefit plans, including
the Company’s 401(k) plan, life insurance, and medical benefits plans, and shall receive all other fringe benefits, as the Company may make available generally to its senior executive employees generally, for which Employee is eligible under
the terms and conditions of such plans, in each case subject to the requirements, rules and regulations from time to time applicable thereto. Details about these benefits are set forth in summary plan descriptions and other materials. 

6. Equity Awards. Subject to the formal approval of the Company’s Board of Directors, the Company shall grant to Employee an award
of 80,000 shares of restricted Company common stock (the “Equity Award”). The Equity Award will vest over a four-year period, with 25% of the shares vesting as of the regular vesting date in August 2016 and the remainder vesting 6.25% each
quarter thereafter until fully vested. Regular vesting dates are the last business day of February, May, August, and November of each year. In addition, Employee may be eligible for other future awards under any Company equity incentive plan as may
be approved by the Board of Directors and in effect from time to time. The specific terms and conditions of any grant made pursuant to this Section 6 shall be governed by any applicable plan document and any such grant agreement as Employee may
be required to sign as a condition of grant. 

  
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 7. Parachute Tax. Notwithstanding anything in the foregoing to the contrary, if any of the
payments to Employee (prior to any reduction below) provided for in this Agreement, together with any other payments which Employee has the right to receive from the Company or any corporation which is a member of an “affiliated group” as
defined in Section 1504(a) of the Internal Revenue Code of 1986, as amended (“Code”), without regard to Section 1504(b) of the Code, of which the Company is a member (the “Payments”) would constitute a “parachute
payment” (as defined in Section 280G(b)(2) of the Code), and if the Safe Harbor Amount is greater than the Taxed Amount, then the total amount of such Payments shall be reduced to the Safe Harbor Amount. The “Safe Harbor Amount”
is the largest portion of the Payments that would result in no portion of the Payments being subject to the excise tax set forth at Section 4999 of the Code (“Excise Tax”). The “Taxed Amount” is the total amount of the
Payments (prior to any reduction, above) notwithstanding that all or some portion of the Payments may be subject to the Excise Tax. Solely for the purpose of comparing which of the Safe Harbor Amount and the Taxed Amount is greater, the
determination of each such amount shall be made on an after-tax basis, taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all of which shall be computed at the highest applicable
marginal rate). If a reduction of the Payments to the Safe Harbor Amount is necessary, then the reduction shall occur in the following order: reduction of cash payments; cancellation of accelerated vesting of stock awards; reduction of employee
benefits. In the event that acceleration of vesting of stock award compensation is to be reduced, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of the Employee’s participant’s stock awards. 

8. Business Expenses. The Company shall reimburse Employee for all reasonable and necessary business expenses incurred by Employee in
performing Employee’s duties that are submitted in compliance with the Company’s then-current policy on such business expense reimbursement. Employee shall provide the Company with supporting documentation sufficient to satisfy reporting
requirements of such policy and the Internal Revenue Service. The Company’s determinations as to reasonableness and necessity shall be final. 

9. Proprietary Information and Inventions; Restrictive Covenants. Employee acknowledges that the successful development, marketing,
sale, and performance of the Company’s products and services require substantial time and expense. Such efforts generate for the Company valuable private, confidential, and proprietary information of the Company and its clients (whether
current, former, or prospective), business partners, vendors, suppliers, and licensors (“Confidential Information”), including without limitation any and all (a) trade secrets, (b) financial information and pricing,
(c) business strategies, plans, and proposals, (d) information relating to clients, including the terms of the Company’s agreements with clients, the discussions, negotiations, and proposals related to any such agreement, and the
names of clients or prospective clients, (e) human resources information, including employee lists and personal employee information, and (f) technical information, including research and development, methodologies, training materials,
software, documents, models, source code, designs, flowcharts and listings and any and all notes, analyses, compilations, studies, in each case in whatever form, whether oral, written, graphic, recorded, photographic, machine readable or otherwise,
and whether or not marked or otherwise labeled “confidential” or specifically indicated as being confidential and/or proprietary in nature. The term “Confidential Information” also includes all notes, analyses, compilations,
studies, interpretations or other materials to the extent such 

  
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materials contain or are based on other Confidential Information. Employee acknowledges that, during her employment, she will obtain knowledge of such Confidential Information. Employee agrees to
undertake the following obligations, which she acknowledges to be reasonably designed to protect the Company’s legitimate business interests (including its Confidential Information and its relationships with customers and other third parties)
without unnecessarily or unreasonably restricting Employee’s post-employment opportunities: 
 (a) Confidentiality. During the
term of employment and at all times thereafter, Employee (i) shall treat all Confidential Information as highly confidential, (ii) shall not access or attempt to access any Confidential Information or use any Confidential Information
except as is necessary to carry out Employee’s duties as an employee of the Company, (iii) shall not make copies of documents containing Confidential Information except as is necessary to carry out Employee’s duties as an employee of
the Company, (iv) shall not reverse engineer, disassemble, decompile, translate, or attempt to discover any software, algorithms, or underlying ideas which embody Confidential Information, (v) shall not disclose, and will take all
reasonable and necessary steps to prevent the disclosure of, any Confidential Information to any third party, or any other employee, agent, or representative of the Company, as applicable, except as is necessary to carry out Employee’s duties
as an employee of the Company, and (vi) shall not use any Confidential Information in any manner that may cause injury or loss, or may be calculated to cause injury or loss, whether directly or indirectly, to the Company or its clients,
business partners, vendors, suppliers, and licensors. 
 (b) Proprietary Information. During the term of employment, Employee
shall disclose immediately to the Company all ideas, inventions, and business plans that Employee makes, conceives, discovers, develops, or reduces to practice at any time during the course of Employee’s employment with the Company, either
alone or jointly with others, including but not limited to any including, but not limited to, any inventions, ideas, improvements, discoveries, methods, developments, designs, software, processes, products, and procedures (whether or not protectable
upon application by patent, copyright, trademark, trade secret, or other proprietary rights) (collectively, “Work Product”), that (i) relate directly or indirectly to the Company’s business or the business of any client or
supplier of the Company or any of the products or services being developed, manufactured, sold, or otherwise provided by the Company or that may be used in relation therewith, or (ii) result from any tasks assigned to Employee by the Company,
or (iii) result from the use of the premises or personal property (whether tangible or intangible) owned, leased, licensed, or otherwise contracted for by the Company. Employee agrees that any Work Product shall be the exclusive property of the
Company and, if subject to copyright, shall be “work made for hire” under the meaning of the U.S. Copyright Act of 1976, as amended (the “Act”). If and to the extent the Work Product is found as a matter of law not to be
“work made for hire” within the meaning of the Act, Employee hereby expressly assigns to the Company or its subsidiaries, as appropriate, its successors, assign, or nominees, Employee’s entire right, title, and interest in and to any
Work Product, and all copies thereof and all intellectual property rights therein without further consideration, free from any claim, lien for balance due, or rights of retention thereto on the part of Employee. Employee shall communicate promptly
and disclose to the Company, in such form as the Company requests, all information, details, and data pertaining to the Work Product. Whether during the term of this Agreement or after, Employee will, at the Company’s request and expense
(including reimbursement of Employee’s expenses and, if Employee is no longer in the employ of the Company, reasonable per diem compensation to Employee), fully cooperate with the Company and its authorized agents in securing,
enforcing, and otherwise protecting throughout the world the Company’s interests in such Work Product, including, without 

  
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limitation, by (A) executing such documents evidencing the Company’s ownership and Employee’s assignment of the foregoing rights, as may be deemed necessary by the Company to grant
or evidence such ownership and rights and (B) assisting in defending any opposition proceedings, petitions for revocation, or applications for similar revocation in respect of any such rights. 

(c) Non-Competition 

(i) With Competitors. While employed by the Company and during the one (1) year period immediately following termination of
Employee’s employment for any reason, Employee will not, directly or indirectly, whether as a stockholder, agent, partner, proprietor, officer, director, employee, consultant, contractor, or in any capacity whatsoever, engage in, become
financially interested in, be employed by, or have any business connection with any other person, corporation, firm, partnership, or other entity whatsoever known by him to compete directly with the Company, anywhere throughout the world, in any
line of business engaged in (or planned to be engaged in) by the Company. Notwithstanding the foregoing, during the term of her employment, Employee may own, as a passive investor, public securities of any competitor corporation, so long as her
direct holdings in any one such corporation shall not in the aggregate constitute more than one percent (1%) of the voting stock of such corporation. This provision shall not be interpreted to limit Employee’s stock ownership in any way
after the termination of her employment. 
 (ii) With Prohibited Clients. Without the prior written consent of the President and
Chief Executive Officer or the authorized designee thereof, Employee shall not in any capacity, whether for himself or as an officer, director, partner, employee, agent of independent contractor of any person, firm, corporation or other entity, for
a period of twelve (12) months following termination of her employment with the Company and all affiliates for any reason, perform services of the type performed by Employee during the term of employment, or any services substantially similar
thereto, for any Prohibited Client (as defined below) in any country in which the Company has performed services (whether or not such services were performed in such country for the Prohibited Client) or sold products during the preceding three
(3) years. The term “Prohibited Client” shall mean any client or prospective client of the Company to or for whom Employee directly or indirectly performed services, or prospect to whom Employee submitted, or assisted or participated
in any way in the submission, of a proposal, during the two (2) year period preceding termination of Employee’s employment with the Company. 

(d) Non-Solicitation. While employed by the Company and during the one (1) year period immediately following termination of
Employee’s employment for any reason, Employee shall not induce or assist in the inducement of any employee away from the Company’s employ or from the faithful discharge of such employee’s contractual and fiduciary obligations to
serve the Company’s interests with undivided loyalty. Furthermore, while employed by the Company and during the one (1) year period immediately following termination of Employee’s employment for any reason, Employee shall not,
directly or indirectly, on behalf of Employee or any other person or entity, solicit any Client to become a client and/or customer of Employee or of any person or entity other than the Company. For purposes of this Agreement, a “Client” is
a person, firm, company, corporation, or other entity to whom Employee was first introduced by the Company and is, becomes, or is known to be, an actual or potential client or customer of the Company. 

(e) Return of Materials. Upon termination of the term of employment for any reason or upon the Company’s earlier request, Employee
shall deliver to the Company all Confidential Information and other materials in her possession or delivered to him by 

  
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the Company, including but not limited to computer programs, files, notes, records, memoranda, reports, lists, drawings, sketches, specifications, data, charts, and other documents, materials and
things (“Materials”), whether or not containing Confidential Information, it being agreed that all Materials shall be and remain the sole and exclusive property of the Company. After return, Employee shall keep no copies, in any form of
media, of any Materials or Confidential Information. 
 (f) Reasonable Alteration. In the event that a court or other adjudicative
body should decline to enforce the provisions of any part of this Section 9, whether because of scope, duration or otherwise, Employee and the Company agree that the provisions shall be modified to restrict Employee’s competition with the
Company to the maximum extent enforceable under applicable law. 
 10. Remedies. Employee recognizes and agrees that a breach of any
or all of the provisions of Section 9 will cause immediate and irreparable harm to the Company’s business advantage, including but not limited to the Company’s valuable business relations, for which damages cannot be readily
calculated and for which damages are an inadequate remedy. Accordingly, Employee acknowledges that the Company shall therefore be entitled to an order enjoining any further breaches by the Employee, without the necessity of posting a bond. 

11. Assistance in Litigation. Employee shall upon reasonable notice and without compulsion of law (e.g., subpoena), furnish accurate
and complete information and other assistance to the Company as the Company may reasonably require in connection with any litigation, proceeding, or dispute to which the Company is, or may become, a party, or in which it may otherwise become
involved, either during or after Employee’s employment; provided, if such assistance shall occur after termination of Employee’s employment, the Company shall reimburse Employee for her reasonable expenses incurred in connection
with such assistance, including, without limitation, as relevant transportation, meals and lodging, and shall also pay Employee a consulting fee of $200 per hour, as compensation for her inconvenience and the disruption of her other endeavors. 

12. Indemnification. Employee’s rights to indemnification will be as provided in the Indemnification Agreement between Employee
and the Company, effective as of the date of this Agreement. 
 13. Successors and Assigns. This Agreement is intended to bind and
inure to the benefit of, and be enforceable by, Employee and the Company, and their respective successors, assigns, heirs, executors, and administrators. Employee acknowledges that the services to be rendered pursuant to this Agreement are unique
and personal. Accordingly, Employee may not assign any of her rights or delegate any of her duties or obligations under this Agreement. The Company may assign its rights, duties or obligations under this Agreement to a subsidiary or affiliated
company of the Company or purchaser or transferee of a majority of the Company’s outstanding capital stock or a purchaser of all, or substantially all, of the assets of the Company; provided, however, that such assignee shall be adequately
capitalized and able to fulfill its financial obligations hereunder. 
 14. Notices. All notices required by this Agreement shall be
in writing. Notices intended for the Company shall be sent by certified mail or nationally recognized overnight courier service, addressed to it at 200 S. Wacker Drive, Suite 820, Chicago, Illinois 60606, Attention: General Counsel, or its
then-current principal office, and notices intended for Employee shall be either delivered personally to Employee or sent by certified mail or nationally recognized overnight courier service addressed to Employee at her address as

  
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listed on the Company’s payroll. Notices sent by certified mail in accordance with the foregoing shall be deemed given three (3) business days following delivery to the United States
Postal Service, postage prepaid, and notices sent by overnight courier service in accordance with the foregoing shall be deemed given one (1) business day following delivery to such courier, delivery fees for overnight delivery prepaid. 

15. Entire Agreement. This Agreement constitutes the complete, final, and exclusive embodiment of the entire agreement between Employee
and the Company with regard to the subject matter hereof and supersedes all prior agreements or understandings whether written or oral. It is entered into without reliance on any promise or representation other than those expressly contained herein,
and it cannot be modified or amended except in a written instrument signed by Employee and a duly authorized officer or director of the Company. 

16. Waiver. If either party should waive any breach of any provisions of this Agreement, she or it shall not thereby be deemed to have
waived any preceding or succeeding breach of the same or any other provision of this Agreement. 
 17. Applicable Law. This
Agreement, and all questions concerning the construction, validity, and interpretation hereof, shall be governed by and construed in accordance with the laws of the State of Illinois without reference to its conflicts of law principles, to the
extent such principles would result in the application of another state’s laws. 
 18. Mediation of Disputes. Neither party
shall initiate arbitration or other legal proceedings (except for any claim under Section 9 of this Agreement), against the other party, or, in the case of Company, any of its directors, officers, employees, agents, or representatives, relating
in any way to this Agreement, to Employee’s employment with Company, the termination of Employee’s employment or any or all other claims that one party might have against the other party until 30 days after the party against whom the claim
is made (“Respondent”) receives written notice from the claiming party of the specific nature of any purported claim and the amount of any purported damages. Employee and Company further agree that if Respondent submits the claiming
party’s claim to JAMS/Endispute, for nonbinding mediation, in Chicago, Illinois, prior to the expiration of such 30-day period, the claiming party may not institute arbitration or other legal proceedings against Respondent until the earlier of
(i) the completion of nonbinding mediation efforts, or (ii) 90 days after the date on which Respondent received written notice of the claimant’s claim. 

19. Binding Arbitration. Subject to Section 18, Employee and Company agree that all claims or disputes relating to Employee’s
employment with Company or the termination of such employment, and any and all other claims that Employee might have against Company, any Company director, officer, employee, agent, or representative, and any and all claims or disputes that Company
might have against Employee (except for any claims under Section 9 of this Agreement) shall be resolved under the Expedited Commercial Rules of the American Arbitration Association in Illinois. If either party pursues a claim and such claim
results in an arbitrator’s decision, both parties agree to accept such decision as final and binding. Company and Employee agree that any litigation under Section 9 of this Agreement shall be brought in the Circuit Court for Cook County,
Illinois. 
 20. Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid, illegal or unenforceable in 

  
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any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, and such invalid,
illegal or unenforceable provision will be reformed, construed and enforced in such jurisdiction so as to render it valid, legal, and enforceable consistent with the general intent of the parties insofar as possible. 

21. Right to Work. As required by law, this Agreement is subject to satisfactory proof of Employee’s right to work in the United
States. 
 22. Section 409A. The provisions of this Agreement are intended either (i) to be exempt from Section 409A
of the Code under the short-term deferral exception, the separation pay exception, or such other exceptions that may be available under Section 409A of the Code and applicable authority or guidance promulgated thereunder or (ii) to comply
with Section 409A of the Code, and shall be administered in a manner consistent with such intent. Notwithstanding any provision to the contrary, to the extent Employee is considered a specified employee under Section 409A of the Code and
would be entitled during the six (6) month period beginning on her date of termination to a payment that is not otherwise excluded under Section 409A of the Code, such payment will not be made to Employee until the earlier of the six
(6) month anniversary of her date of termination or her death. For purposes of Section 409A, each payment under this Agreement (including, but not limited to, those in Section 2(b)) shall be considered a separate payment. 

23. Attorneys’ Fees. If the Company refuses to provide the Severance Benefits after a written demand by Employee and Employee
substantially prevails in any dispute involving such Severance Benefits, then the Company shall pay or reimburse Employee for all reasonable legal fees and expenses incurred in such dispute. 

EMPLOYEE ACKNOWLEDGES THAT SHE HAS READ,
UNDERSTOOD, AND ACCEPTS THE PROVISIONS OF THIS AGREEMENT. 

 

					
	Mattersight Corporation (“Company”)		Sheau-ming Ross (“Employee”)
			
	By:		/s/ Christine Carsen		/s/ Sheau-ming Ross
			
	Title:		General Counsel & Corporate Secretary		

  
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 Exhibit A 

GENERAL RELEASE OF CLAIMS 
 1.
General Release. Pursuant to this General Release of Claims (this “Agreement”), Employee, for himself, her heirs, administrators, representatives, executors, successors and assigns (each a “Releasor”) hereby irrevocably
and unconditionally releases, acquits and forever discharges Mattersight Corporation (“Company”) and its direct or indirect subsidiaries, divisions, affiliates and related companies or entities, regardless of its or their form of business
organization (the “Company Entities”), any predecessors, successors, joint ventures, and parents of any Company Entity, and any and all of their respective past or present shareholders, partners, directors, officers, employees,
consultants, independent contractors, trustees, administrators, insurers, agents, attorneys, representatives and fiduciaries, including without limitation all persons acting by, through, under or in concert with any of them (all, collectively, the
“Release Parties”) from any and all manner of actions, causes of actions, demands, claims, agreements, promises, debts, lawsuits, liabilities, rights, dues, controversies, charges, complaints, obligations, remedies, suits, losses, costs,
expenses and fees whatever (including without limitation attorneys’ fees and costs), arising out of or relating to her employment relationship with the Company, its predecessors, successors or affiliates and the termination thereof, of any
nature whatsoever, whether arising in contract, tort, or any other theory of action, whether arising in law or equity, whether known or unknown, choate or inchoate, mature or unmatured, contingent or fixed, liquidated or unliquidated, accrued or
unaccrued, asserted or unasserted, whether arising under federal, state or local law and in particular including any claim for discrimination based upon race, color, ethnicity, sex, age (including the Age Discrimination in Employment Act of 1967),
national origin, religion, disability, or any other unlawful criterion or circumstance, which Employee and any Releasor had, now have, or may have in the future against each or any of the Released Parties from the beginning of time until the date of
this Agreement (individually, “Claim,” and collectively, “Claims”); provided, that this Agreement shall not apply to, nor release the Company from, any obligation of the Company contained in Employee’s Executive
Employment Agreement dated as of July 6, 2015 (as amended or supplemented from time to time, the “Employment Agreement”) that arises due to Employee’s termination of employment with the Company. The consideration offered in the
Employment Agreement is accepted by Employee as being in full accord, satisfaction, compromise and settlement of any and all claims or potential claims, and Employee expressly agrees that she is not entitled to, and shall not receive, any further
recovery of any kind from the Company or any of the other Release Parties, and that in the event of any further proceedings whatsoever based upon any matter released herein, neither the Company nor any of the other Release Parties shall have any
further monetary or other obligation of any kind to Employee, including any obligation for any costs, expenses or attorneys’ fees incurred by or on behalf of Employee. Employee agrees that she has no present or future right to employment with
the Company or any of the other Release Parties and that she will not apply for or otherwise seek employment with any of them. 
 2. Release of Known and
Unknown Claims. Employee acknowledges that the release of Claims under this Agreement covers any and all rights and benefits Employee has or may have in the future, whether known or unknown, and Employee waives any and all rights under the laws
of any state. Employee may hereafter discover facts in addition to or different from those which Employee now knows or believes to be true with respect to the subject matter of the Claims, but Employee, upon execution and non-revocation of this
Agreement (pursuant to Section 4 hereof), shall be deemed to have fully, finally, and forever settled and released any and all Claims, known or unknown, suspected or unsuspected, contingent or noncontingent, whether or not concealed or hidden,
which now exist, or heretofore have existed upon any theory of law or equity now existing or coming 

  
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into existence in the future, including, but not limited to, conduct which is negligent, intentional, with or without malice, or a breach of any duty, law or rule, without regard to the
subsequent discovery or existence of such different or additional facts. 
 3. Release of Discrimination Claims. Without in any way limiting the
generality of the foregoing, this Agreement constitutes a full release and disclaimer of any and all Claims arising out of or relating in any way to Employee’s employment, continued employment, retirement, resignation, or termination of
employment with the Company Entities whether arising under or out of a statute including, but not limited to, Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 1981, the Age Discrimination in Employment Act of 1967, the Older Workers
Benefit Protection Act of 1990, the Family and Medical Leave Act, the National Labor Relations Act, the Worker Adjustment and Retraining Notification Act, the Americans With Disabilities Act, any county, municipal, and any other federal, state or
local statute, ordinance or regulation, all as may be amended from time to time, or common law claims or causes of action relating to alleged discrimination, breach of contract or public policy, wrongful or retaliatory discharge, and, to the extent
arising out of or relating to Employee’s employment relationship with the Company, its predecessors, successors or affiliates and the termination thereof, tortious action, inaction, or interference of any sort, defamation, libel, slander,
personal or business injury, including without limitation attorneys’ fees and costs. Employee has specifically waived her right to recover in her own lawsuit as well as the right to recover in a suit brought by any other person or entity on
Employee’s behalf or on behalf of a class of persons in which Employee is or could be considered a member. 
 4. Employee’s Right to
Revoke. The parties acknowledge that Employee shall have the right to revoke and cancel this Agreement if Employee, at any time within the seven-day period following its execution, revokes it. If Employee desires to revoke and cancel this
Agreement, she must do so in writing and she shall return this document to the Company’s Chief Executive Officer, and all terms of the Agreement shall be void and of no effect. 

5. Employee’s Right to Consult Attorney/21 Days to Consider. Employee is advised and encouraged by Company to consult with an attorney before
signing this Agreement. Employee affirms that she has carefully read and fully understands this Agreement, has had sufficient time to consider it, has had an opportunity to ask questions and have it explained, and is entering into this Agreement
freely and voluntarily, with an understanding that the general release will have the effect of waiving any action or recovery she might pursue for any claims arising on or prior to the date of the execution of this Agreement. Employee acknowledges
that she received valuable consideration to which she was not otherwise entitled in exchange for entering this Agreement. This Agreement was given to Employee on [Insert Date]. Employee had until [Insert Date], a period in excess of twenty-one
(21) days to consider it. 
 6. Governing Law. This Agreement shall be deemed to have been executed and delivered within the State of Illinois
and the rights and obligations of the parties shall be construed and enforced in accordance with, and governed by, the laws of the State of Illinois without regard to any state’s rules regarding conflict of laws. 

 

	
	EMPLOYEE
	
	  

	Sheau-ming Ross

  
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