Document:

Exhibit 10.2

  ACQUISITION AGREEMENT 

  30 DC, INC. 
AND 

NETBLOO MEDIA, LTD 
This AGREEMENT, dated as of June 15, 2015 (the "Agreement"), by and among 30DC, Inc.(“DC”), a Maryland Corporation, including its subsidiary 30, DC, Inc., a Delaware Corporation, and Netbloo Media, LTD, (“NBM”) an Hong Kong Corp., hereafter referred to as ("NBM"), and is a party to this Agreement. 
WHEREAS, DC , and NBM desire to make certain representations, warranties, covenants and agreements in connection with the Acquisition and also to prescribe various conditions to the Acquisition; and 
WHEREAS, the Board of Directors of DC and manager of NBM have approved the Acquisition of certain assets of DC by NBM described on Exhibit A, as being in the best interests of each party for the consideration as hereinafter set forth. 
NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth herein, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound hereby, the parties do hereby agree as follows: 

ARTICLE I: THE CONSIDERATION 
SECTION 1.01. Consideration/Acquisition; Effective Time 
The Acquisition shall become complete (“Closing”) upon the delivery of the transaction documents sufficient to convey assets described on Exhibit A from DC to NBM, duly executed upon the exchange of the following consideration: 
A total of 6,743,681 shares of restricted common stock of DC shall be conveyed by NBM to DC, free and clear of all liens and encumbrances whatsoever. 
The parties agree that the effective date (“Effective Date”) of the transaction herein shall be May 15, 2015 which was the date of agreed terms and all economic benefits and obligations shall be calculated starting on that date. 
SECTION 1.02. Effects of the Acquisition 
At Closing by virtue of the Acquisition, NBM, shall acquire the assets of IM Training listed on Exhibit A, from DC in exchange for 6,743,681 shares of common stock in DC. Assets to be acquired will include all assets, tangible or intangible, including content library, required or used 

  
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  to operate IM Training. Intangible property shall include, but not be limited to, web sites and domain names, blogs, social media such as Facebook, LinkedIn and Twitter, files and source code, software, trademarks, trade names, brand names, goodwill, customer lists, e-mail and any other contact lists, operating manuals, technology plans, applications, contracts, warranties, leases, rights, arrangements and other assets. NBM shall have full use of existing content as part of the IM Training library. DC will receive proceeds from IM Training through the Effective Date net of refunds applicable to any such sales. For any subscription products included in IM Training, proceeds received by DC through the Effective Date shall be property of DC and NBM shall assume deliverability of services subsequent to that date. Any collections by DC subsequent to the Effective Date for IM Training will be remitted to the NBM. NBM will be liable for operating expenses of IM Training subsequent to the Effective Date including but not limited to development costs, support, cloud-based storage fees and telephone expenses. Any expenses paid by DC prior to Effective Date shall not be reimbursable even if they benefit beyond the Effective Date. 

ARTICLE II: THE CLOSING 
SECTION 2.01 Closing. 
Unless this Agreement shall have been terminated and the transactions herein contemplated shall have been abandoned pursuant to Article VIII, and subject to the satisfaction or waiver of the conditions set forth in Article VI, the Closing of the Acquisition shall take place as soon as reasonably practicable (but in no event on written notice of less than two (2) business days) after all of the conditions set forth in Article VI are satisfied or, to the extent permitted there under, waived, at the offices of DC or at such other time and place as may be agreed to in writing by the parties hereto (the date of such Closing being referred to herein as the "Closing Date"). 

ARTICLE III REPRESENTATIONS AND WARRANTIES OF DC 
Except as set forth in the applicable section of the disclosure schedule delivered by DC prior to the execution of this Agreement (the "DC Disclosure Schedule"), DC represents and warrants as follows 
SECTION 3.01 Organization of DC; Authority. 
DC is an Entity duly organized, validly existing and in good standing under the laws of the State of Maryland. DC has all requisite corporate power and corporate authority to enter into the transaction documents to which it is a party, to consummate the transactions contemplated hereby and thereby, to own, lease and operate its properties and to conduct its business. Subject to the receipt of its board of director's approval, the execution, delivery and performance by DC of the transaction documents to which it is a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on the part of DC, including, without limitation, the approval of the board of directors of DC. 
SECTION 3.02 No Violation; Consents and Approvals. 
The execution and delivery by DC of the transaction documents does not, and the consummation of the transactions contemplated hereby and thereby and compliance with the terms hereof and 

  
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thereof will not, conflict with or result in any violation of or default (or an event which, with notice or lapse of time or both, would constitute a default) under, (a) the terms and conditions or provisions of the certificate of incorporation or by-laws of DC (b) any Law applicable to DC or the property or assets of DC, or (c) give rise to any right of termination, cancellation or acceleration under, or result in the creation of any lien upon any of the properties of DC under any contract to which DC is a party or by which DC or any assets of DC may be bound, except, in the case of clauses (b) and (c), for such conflicts, violations or defaults which are set forth in Section 3.04 of the DC Disclosure Schedule and as to which requisite waivers or consents will have been obtained prior to the Closing or which, individually or in the aggregate, would not have a material adverse effect on DC. No Governmental Approval is required to be obtained or made by or with respect to WVR in connection with the execution and delivery of this Agreement or the consummation by DC of the transactions contemplated hereby. 
SECTION 3.03 Litigation; Compliance with Laws. 
	(a) 
	There are: (i) no claims, actions, suits, investigations or proceedings pending or, to the knowledge of DC, threatened against, relating to or affecting DC, the business, the assets, or any employee, officer, director, stockholder, or independent contractor of DC in their capacities as such, and (ii) no orders of any Governmental Entity or arbitrator outstanding against DC, the business, the assets, or any employee, officer, director, stockholder, or independent contractor of DC in their capacities as such, or that could prevent or enjoin, or delay in any respect, consummation of the transactions contemplated hereby. 
	(b) 
	DC has complied and is in compliance in all material respects with all laws applicable to DC, its business or its assets. Neither DC has received notice from any Governmental Entity or other Person of any material violation of law applicable to DC, its business or assets. DC has obtained and holds all required Licenses (all of which are in full force and effect) from all Government Entities applicable to DC, its business or their assets. No violations are or have been recorded in respect of any such license and no proceeding is pending, or, to the knowledge of DC, threatened to revoke or limit any such license. 

SECTION 3.04 Liens and Encumbrances upon Assets being Conveyed. 
Except as set forth in the applicable section of the disclosure schedule delivered to NBM prior to the execution of this Agreement (the "Disclosure Schedule"), DC represents and warrants to NBM as follows: 
DC represents there are no outstanding: (i) options, or other rights to purchase the Assets described on Exhibit A; or (ii) contracts, commitments, agreements, understandings or arrangements of any kind relating to any equity ownership of the Assets described on Exhibit A. There is no outstanding right, lien, security agreement, option or other agreement of any kind to purchase or otherwise to receive from DC, or any interest holder of DC, any ownership or Pledge of the Assets described on Exhibit A. 
 

  
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ARTICLE IV REPRESENTATIONS AND WARRANTIES OF NBM 
SECTION 4.01 Organization of Netbloo Media, LTD; Authority. 
NBM is a Corp. duly organized, validly existing and in good standing under the laws of the Hong Kong NBM is duly qualified or licensed to do business as a Foreign Entity and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except where the failure to obtain such qualification or license would not, individually or in the aggregate, have a material adverse effect. NBM has heretofore delivered or made available complete and correct copies of the certificate of incorporation and Bylaws of NBM, the minute books, and membership interest records of NBM as in effect as of the date of this Agreement. 
SECTION 4.02 Representations and Warranties 
Except as set forth in the applicable section of the disclosure schedule delivered to DC prior to the execution of this Agreement (the "Disclosure Schedule"), NBM represents and warrants to DC as follows: 
NBM represents there are no outstanding: (i) options, or other rights to purchase the shares of DC being exchanged to DC; or (ii) contracts, commitments, agreements, understandings or arrangements of any kind relating to any equity ownership of the shares of 30DC. There is no outstanding right, lien, security agreement, option or other agreement of any kind to purchase or otherwise to receive from NBM, or any interest holder of NBM, any ownership or Pledge of the shares of 30DC and there is no claim in Bankruptcy affecting the 30DC shares. 
SECTION 4.03 No Violation; Consents and Approvals. 
The execution and delivery of the transaction documents does not, and the consummation of the transactions contemplated hereby and thereby and compliance with the terms hereof and thereof will not conflict with, or result in any violation of or default (or an event which, with notice or lapse of time or both, would constitute a default) under, (a) any laws applicable or the property or assets of NBM, or (b) give rise to any right of termination, cancellation or acceleration under, or result in the creation of any lien upon any of the properties of NBM under any contracts to which NBM is a party or by which NBM or any of its assets may be bound. No Governmental Approval is required to be obtained or made by or with respect to NBM in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby, except where the failure to obtain such Governmental Approval would not, individually or in the aggregate, have a material adverse effect on NBM. 
SECTION 4.04 Litigation; Compliance with Laws. 
	(a) 
	There are: (i) no claims, actions, suits, investigations or proceedings pending or threatened against, relating to or affecting NBM, its business, its assets, or any employee, officer, director, stockholder, or independent contractor of NBM in their capacities as such, and (ii) no orders of any Governmental Entity or arbitrator are outstanding against NBM, its business, its assets, or any employee, officer, director, interest holder , or independent contractor of NBM in their capacities as such, or that could prevent or enjoin, or delay in any respect, consummation of the transactions contemplated hereby. 
	(b) 
	NBM shall have complied and are in compliance in all material respects with all laws applicable to NBM, its business or its assets. Parties have not received notice from any 
	 

  
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Governmental Entity or other Person of any material violation of law applicable to NBM, its business or its assets. NBM has obtained and holds all required licenses (all of which are in full force and effect) from all Government Entities applicable to it, its business or its assets. No violations are or have been recorded in respect of any such license and no proceeding is pending, or threatened to revoke or limit any such License. 

ARTICLE V:  AGREEMENTS 
SECTION 5.01 Access to Information. 
NBM agrees to provide DC with access to the invoices issued by NBM to DC for services rendered over the past years if not already provided 
SECTION 5.02 Legal Conditions to Acquisition; Reasonable Efforts. 
Not necessary for the purchaser NBM.and to this transaction 
SECTION 5.03 Tax Matters. 
No representation is made that this is a non-taxable transaction. 

ARTICLE VI: CONDITIONS OF THE ACQUISITION 
SECTION 6.01 Conditions to Each Party's Obligation to Effect the Acquisition. 
The respective obligations of each party to effect the Acquisition and the other transactions contemplated herein shall be subject to the satisfaction at or prior to the Effective Time of the following conditions, any or all of which may be waived, in whole or in part to the extent permitted by applicable law: 
(a) No Injunctions or Restraints. No governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any statute, rule, regulation, execution order, decree, injunction or other order (whether temporary, preliminary or permanent) which is in effect and which materially restricts, prevents or prohibits consummation of the Acquisition or any transaction contemplated by this Agreement; provided, however, that the parties shall use their reasonable commercial efforts to cause any such decree, judgment, injunction or other order to be vacated or lifted. 
SECTION 6.02 Additional Conditions of Obligations of DC. 
The obligations of DC to effect the Acquisition and the other transactions contemplated by this Agreement are also subject to the satisfaction at or prior to the Closing Date of the following additional conditions unless waived by DC: 

	(a) 
	Representations and Warranties. The representations and warranties of NBM set forth in this Agreement shall be true and correct in all material respects (except for those representations and warranties qualified by materiality, which shall be true and correct in all respects) as of the date 

of this Agreement and as of the Closing Date as though made on and as of the Closing Date, except as otherwise contemplated by this Agreement.
      	 

    
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	(b) 
	Performance of Obligations of NBM. NBM shall have performed in all material respects all conditions, covenants, agreements and obligations required to be performed by it under this Agreement at or prior to the Closing Date. 
	(c) 
	Third Party Consents. NBM shall have obtained all consents and approvals, required to be obtained prior to or at the Closing Date, from a majority of its shareholders third parties or governmental and regulatory authorities in connection with the execution, delivery and performance by NBM of this Agreement and the consummation of the transactions contemplated hereby. 
	(d) 
	No Governmental Order or Other Proceeding or Litigation. No order of any Governmental Entity shall be in effect that restrains or prohibits the transactions contemplated hereby and by the other Transaction Documents, and no suit, action or other proceeding by any Governmental Entity shall have been instituted or threatened which seeks to restrain or prohibit the transactions contemplated hereby or thereby. 

(e) Deliveries. 
At the Closing, NBM shall have delivered to DC: 
A certificate for 13,487,363 shares of restricted common stock of DC duly endorsed with signature guaranteed stock powers, free and clear of liens and encumbrances, of any type. DC will issue a new certificate for 6,743,682 shares of restricted common stock of DC, the difference of 6,743,681 shares is the consideration for the transactions herein. 
SECTION 6.03 Additional Conditions of Obligations of NBM. 
The obligation to effect the Acquisition and the other transactions contemplated by this Agreement is also subject to the satisfaction at or prior to the Closing Date of the following additional conditions unless waived by NBM. 
	(a) 
	Representations and Warranties. The representations and warranties of DC set forth in this Agreement shall be true and correct in all material respects (except for those representations and warranties qualified by materiality) as of the date of this Agreement and as of the Closing Date as though made on and as of the Closing Date, except as otherwise contemplated by this Agreement. 
	(b) 
	Performance of Obligations of DC. DC shall have performed in all material respects all conditions, covenants, agreements and obligations required to be performed by them under this Agreement at or prior to the Closing Date. 
	(c) 
	No Governmental Order or Other Proceeding or Litigation. No order of any Governmental Entity shall be in effect that restrains or prohibits the transactions contemplated hereby and by the other transaction documents, and no suit, action or other proceeding by any Governmental 
	 

  
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Entity shall have been instituted or threatened which seeks to restrain or prohibit the transactions contemplated hereby or thereby. 

ARTICLE VII: ADDITIONAL AGREEMENTS 
Revised Contractor Agreement: Existing contractor agreement between the parties is terminated. NBM specific contract terms detailed in the revised contractor agreement. 
Technology Management: Appropriate acceptable technology IP management and security practices will be adopted for DC owned IP, development team management and related matters. For the sake of clarity but not limited to, DC will be provided with complete authorized access to all technical and marketing information relating to the technologies it owns. 

ARTICLE VIII: NON-SOLICITATION, NON-INTERFERENCE, NONDISPARAGEMENT 
Both parties are subject to a reciprocal two-years non-interference provision covering existing customers, employees, suppliers and technology of the IM Training and DC Businesses. For NBM, restrictions this includes prohibition on copying the magcast platform and app, the new blogger app platform and app, or creating a directly competing product, working, for or with, or aiding in any way, a competitor to such products. 
NBM is free to engage in any other business activity, developing any other application, platform, website, product or training. 

ARTICLE IX: CONFIDENTIALITY 

  Both parties have been in a position to learn confidential information, including but not limited to, i) any marketing strategies, plans, financial information, or projections, operations, sales estimates, business plans and performance results relating to the past, present or future business activities of such party, its affiliates, subsidiaries and affiliated companies; (ii) plans for products or services, and customer or supplier lists; (iii) any scientific or technical information, invention, design, process, procedure, formula, improvement, technology or method; (iv) any concepts, reports, data, know-how, works-in-progress, designs, development tools, specifications, computer software, source code, object code, flow charts, databases, inventions, information and trade secrets; and (v) any other information that should reasonably be recognized as confidential information (“Confidential Information”) about the other party’s business.  Confidential Information does not include information that is or becomes publicly available through no fault of or failure to act by the party in breach of this Agreement or is required to be disclosed in a judicial or administrative proceeding, or is otherwise requested or required to be disclosed by law or regulation.
 
Both parties acknowledge that the Confidential Information is of a unique and
  valuable character and the unauthorized dissemination of the Confidential
  Information would destroy or diminish the value of such information. The
  damages would be impossible to calculate, 
 

  
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preventing the dissemination of any Confidential Information in violation of the terms hereof.  Such injunctive relief shall be in addition to any other remedies available, whether at law or in equity. In the event of litigation or other legal action, including injunctive relief, the prevailing party shall be entitled to recover reasonable attorney’s fees and expenses. 

ARTICLE X: DC OTHER REQUIREMENTS 
DC will provide the NBM all business records of IM Training including customer and subscription records. 
DC to provide NBM with access to code for all technology utilized for IM Training which it does not already have. 
DC to provide list of all past and current IM Training customers which NBM does not already have. 
DC will provide list of all infusionsoft contacts to NBM 

ARTICLE XI: NBM OTHER REQUIREMENTS 
During the period not exceeding 6 months from the Effective Date, NBM will: 
a)	provide reasonable assistance to DC in determining cost allocations and other relevant information required for DC to prepare pro forma financial statements of past results computed as if the transaction occurred prior to the period(s) for which the pro forma financial statements are being prepared; 
b)	provide reasonable assistance to Marillion Partnership in running a beta test for 30DC's Blogger Product to prepare for the product launch; 
c)	use its best efforts to launch, run and manage two promotions aimed at generating revenue in the order of $600,000, the proceeds of which, net of all expenses including but not limited to affiliate commissions, will be paid to DC. These promotions being: 
i.	a MagCast promotion aimed at generating revenue in the order of $100,000; and 
ii.	a Blogger Product launch following completion of the Blogger Product beta test revenue in the order of $500,000. 
d)	provide reasonable assistance as is proper and advisable in the transfer of IM Training and closing of the Marillion Sale; 
e)	provide reasonable assistance to DC as is practical under the circumstances, in establishing a support function for existing business; and 
f)	provide reasonable assistance to DC as is practical under the circumstances, in establishing a development team for existing business. 
 

  
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ARTICLE XII: TRANSITION ITEMS 
Parties will work with each other to achieve a smooth transition with the goal of limiting any subscription losses and limiting negative impact on DC from changes due to transaction herein and simultaneous Marillion Sale. 
During the period not exceeding 6 months from the Effective Date, the Parties will develop an agreed plan for technology management, and subject to DC providing necessary resources including contractor hours for the documentation process, NBM will provide reasonable assistance to DC as is practical under the circumstances to put in place procedures consistent with standard operating procedures at technology companies including documenting development activities and regular periodic reporting to the CEO and DC Board of Directors ("Board") on the status of current and planned development activities. 

ARTICLE XIII TERMINATION 
SECTION 13.01 Termination. 
This Agreement may be terminated at any time prior to Closing, as set forth below: 
	(a)
	 by mutual consent; or 
	(b)
	 by DC upon written notice to NBM, if:  any condition to the obligation of DC to close contained in Article VI hereof has not been satisfied by 60 days after date hereof (the "End Date") (unless such failure is the result of DC' breach of any of its representations, warranties, covenants or agreements contained herein)  or 
	(c)
	 upon written notice to DC by NBM, if any condition to the obligation to close by NBM contained in Article VI hereof has not been satisfied by the End Date (unless such failure is the result of a breach of any of its representations, warranties, covenants or agreements contained herein); 

ARTICLE XIV: SURVIVAL OF REPRESENTATIONS AND WARRANTIES 
None of the representations and warranties of the parties set forth in this Agreement shall survive the Closing. Following the Closing Date with respect to any particular representation or warranty, no party hereto shall have any further liability with respect to such representation and warranty. None of the covenants, agreements and obligations of the parties hereto shall survive the Closing. 

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ARTICLE XV: MISCELLANEOUS  
SECTION 15.01 Notices. 
All notices, requests and other communications to any party hereunder shall be in writing (including telecopy, telex or similar writing) and shall be deemed given or made as of the date delivered, if delivered personally or by telecopy (provided that delivery by telecopy shall be followed by delivery of an additional copy personally, by mail or overnight courier), one day after being delivered by overnight courier or three days after being mailed by registered or certified mail (postage prepaid, return receipt requested), to the parties at the following addresses: 
If to DC to: Theodore A. Greenberg, CFO, 30DC, Inc., 80 Broad Street, 5th Floor, New York, NY 10004, Tel: 212-962-4400, Fax: 212-962-4422, E-Mail: ted.greenberg@30dcinc.com 
If to NBM to: Jonathan Lint, Netbloo Media Ltd, RMA./7F China Overseas Building, 139 Henessy Road, Wanchai, Hong Kong, E-Mail: john@netbloomedia.com 
SECTION 10.02 Amendment; Waiver. 
This Agreement may be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may be given, provided that the same are in writing and signed by or on behalf of the parties hereto. 
SECTION 10.03 Successors and Assigns. 
The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, provided that no party shall assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the written consent of the other party hereto. 
SECTION 15.04 Governing Law. 
This Agreement shall be construed in accordance with and governed by the law of the State of Delaware without regard to principles of conflict of laws. 
SECTION 15.05 Waiver of Jury Trial. 
Each party hereto hereby irrevocably and unconditionally waives any rights to a trial by jury in any legal action or proceeding in relation to this Agreement and for any counterclaim therein. 
SECTION 15.06 Consent to Jurisdiction. 
Each of the Parties hereby irrevocably and unconditionally submits to the exclusive jurisdiction of any court of the State of New York or any Federal court sitting in New York for purposes of any suit, action or other proceeding arising out of this Agreement and the Transaction Documents (and agrees not to commence any action, suit or proceedings relating hereto or thereto except in such courts). Each of the Parties agrees that service of any process, summons, notice or document pursuant to the laws of the State of New York and on the individuals designated in Section 10.01 shall be effective service of process for any action, suit or proceeding brought against it in any such court. 

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SECTION 15.07 Counterparts; Effectiveness. 
Facsimile transmissions of any executed original document and/or retransmission of any executed facsimile transmission shall be deemed to be the same as the delivery of an executed original. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
SECTION 15.08 Entire Agreement; No Third Party Beneficiaries; Rights of Ownership. 
Except as expressly provided herein, this Agreement (including the documents and the instruments 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 hereof. Except as expressly provided herein, this Agreement is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. The parties hereby acknowledge that no person shall have the right to acquire or shall be deemed to have acquired shares of common stock of the other party pursuant to the Acquisition until consummation thereof. 
SECTION 15.09 Headings. 
The headings contained in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. 
SECTION 15.10 No Strict Construction. 
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises under any provision of this Agreement, this Agreement shall be construed as if drafted jointly by the parties thereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
SECTION 15.11 Severability. 
If any term or other provision of this Agreement is invalid, illegal or unenforceable, all other provisions of this Agreement shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in a manner that is materially adverse to any party. 
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IN WITNESS WHEREOF, the parties hereto have caused this Acquisition Agreement to be duly executed as of the day and year first above written. 
30DC, Inc.   
30DC, Inc./Netbloo Media, Ltd/IM Training Acquisition Agreement 
By: /s/
Its: Chairman/CEO  Jul 21, 2015 
 NETBLOO MEDIA, LTD
     
By: /s/

Its: Director 

  

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EXHIBIT A 

 Businesses & Training Programs Included In Transaction 
Market Pro Max 
Ultimate Product System 
Tribe Formula 
Digital Traffic Secrets
 Sales Video Blueprint 
Digital Success Bootcamp 
Facebook Traffic Master Class 
Facebook Traffic IgnitionExhibit 10.3

 

SERVICES AGREEMENT

This Services Agreement
is a legal agreement ("Agreement") between 30DC, Inc., a Delaware
corporation ("30DC"), having its principal place of business at 80
Broad Street, Fifth Floor, New York, NY 10004, and Netbloo Media, Ltd. ("NBM"),
a Hong Kong Corporation, having its principal place of business at RmA 7F, 139
Hennessy Road, Wanchai, Hong Kong. This Agreement shall be effective as May 16,
2015 ("Effective Date"). THIS AGREEMENT SUPERSEDES ALL OTHER TERMS
AND CONDITIONS AGREED TO BETWEEN 30DC AND NBM FOR SERVICES INCLUDING THE
SERVICES AGREEMENT EFFECTIVE OCTOBER 1, 2012 WHICH IS DEEMED TERMINATED ON MAY
15, 2015.

RECITALS

WHEREAS, NBM is
engaged in the business of internet application development, including
technical consulting services, software development and maintenance, and
related marketing and sales,

WHEREAS, 30DC
wishes to use the services of NBM for continued enhancement of its MagCast and Blogger
Products as more completely described on Annexure A,

NOW, THEREFORE, the
parties agree as follows:

1. Scope of
Services. In
consideration for payment as required herein, NBM agrees to provide the
services to and on behalf of 30DC, as said services are more specifically described
and fully set forth in Annexure A (Services), which is attached hereto
and made a part hereof by this reference. Hereinafter the services to be
performed by NBM shall be referred to as "Contract Services."

2. Term. The parties agree that the initial term
of this Agreement shall be two years from ("Initial Term") from the
Effective Date, first listed above but may be terminated at any time by either
party by providing six months' notice.  However, once the Blogger Product
currently under development has been launched, either party can terminate this
agreement by providing three months' notice.  Renewal of the contract will be
determined by negotiation with the CEO and 30DC Board in accordance with usual
corporate practice.  

3. Monthly
Payment and Pricing.  

A. In
consideration for providing the Contract Services, 30DC agrees to pay, on a
monthly basis in arrears, any and all applicable recurring fees and/or charges,
which said recurring fees and/or charges are more specifically set forth in Annexure
A.

B.  The pricing
for services set forth in Annexure A will be reviewed on an annual basis.  This
rate will be increased as cash flow permits and agreed by both parties in
accordance with the agreed 30DC business plan ("Business Plan").

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C. DC will pay NBM
a Minimum Monthly Services Fee of $10,000 per month ("the Minimum Monthly
Services Fee"). Payment of the balance owing of the monthly services fee (that
amount excluding the Minimum Monthly Services Fee) will be subject to achieving
reasonable progress in the work specified within ARTICLE XI: NBM OTHER REQUIREMENTS,
paragraph (d) of the ACQUISITION AGREEMENT between the Parties dated 15 June
2015 and

a) The delivery of
promotions specified within ARTICLE XI: NBM OTHER REQUIREMENTS, paragraph (d)
of the ACQUISITION AGREEMENT between the Parties dated 15 June 2015 resulting
in proceeds to 30DC of a minimum of $600,000 after all expenses, including but
not limited to affiliate commissions; and

b) 30DC
successfully raising $1 million in cash from a capital raise, business
operations (including aforementioned promotions).

Until such time as
these conditions are met, the full monthly services fee (excluding the Minimum
Monthly Services Fee) will be accrued or paid in part as cash flow dictates.

D. All payments by
30DC for Contract Services purchased under this Agreement shall be made by wire
to NBM.

E. If this
Agreement is terminated, 30DC remains liable to pay NBM for any outstanding
unpaid balance for fees and expenses owned by 30DC to NBM for Contract Services
provided prior to termination. 

4. Balance Due Under Prior Services Agreement.  The
Parties have agreed that: 

a)      At
the Effective Date, the balance due to NBM under the Service Agreement which
was effective October 1, 2012 ("the Prior Services Agreement") is taken to be $122,000
("the balance due under the Prior Services Agreement");

 

b)      DC
will pay $5,000 per month for the next 12 months to NBM (to be added to NBM
monthly invoices) with a balloon payment being $62,000 made within a further 90
days after the end of the first 12 months as complete and final payment of the
balance due under the Prior Services Agreement;

 

c)       In
the event that DC fails to pay the $60,000 due over the next 12 months then DC
must within 28 days issue to NBM an amount of stock equal to the balance
outstanding as at the date 12 months from the date of closing such shares of
restricted stock of DC to be issued at a 20% discount to the 5 day moving
average closing price as at the date of demand if demanded by NBM within 30
days.  This can be waived by mutual agreement of the parties.

 

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d)      In the event that the
first $60,000 is paid but the balloon -$62,000, or portion thereof (if
partially paid) - remains owing at the end of 15 months then DC must within 28
days issue to NBM an amount of stock equal to the balance outstanding as at the
date 15 months from the date of closing such shares of restricted common stock
of DC to be issued at a 20% discount to the 5 day moving average closing price
as at the date of demand if demanded by NBM within 30 days following the end of
the 15 month period.  This can be waived by mutual agreement of the parties.

5.   RELATIONSHIP
OF PARTIES. It is understood by the parties that NBM is an independent
contractor with respect to 30DC, and not an employee of 30DC. 30DC will not
provide fringe benefits, including health insurance benefits, paid vacation, or
any other employee benefit, for the benefit of NBM. 

6. Choice of
Law. 30DC expressly
agrees that the laws of the State of Delaware, without regard to its conflict
of laws principles, shall govern and apply to this Agreement in all respects,
including, without limitation, with regard to limitations and/or exclusion of
certain types of damages. The parties agree that New York courts shall have
exclusive jurisdiction over each party's person and all arguments to the contrary
are expressly waived. 30DC expressly agrees that any dispute, cause-of-action,
suit or proceeding commenced as a result of this Agreement, shall be litigated
in the state or federal court of proper jurisdiction with venue in New York to
the exclusion of all others. 30DC expressly waives any and all claims of venue
and jurisdiction in the state within which its principal place of business or
domicile is located or of any other state and agrees that the State of New York
is the only state having the proper venue and jurisdiction of this Agreement. 

7. Duty of
Confidentiality. During
the contract term, both parties will be privy to and have access to information
relating to the business of the other party, which is not generally available
in the public domain nor readily ascertainable by independent investigation,
which is subject to reasonable efforts of secrecy, and which secret nature
gives the parties a competitive advantage. It is agreed that any and all
information relating to the business of the other party acquired during the
contract term is the sole property of 30DC or NBM respectively and constitutes
confidential materials, which are trade secrets of each business. However, any
information obtained or used by NBM in its capacity as a contractor for 30DC
shall be deemed to be information related to 30DC's business and exclusively
owned by 30DC. Such information includes, but is not limited to:

(i) Any leads for
business from any source, including from the Internet;

-3-

(ii) All of the
papers, records, files, documents, products, systems, programs, confidential
reports (including, without limitation, technical information on the
performance of the parties or their businesses and the development or
acquisition, future business or business enhancements), marketing strategies,
sales efforts and training, lists of clients, vendors and contractors, sources
of customers or potential recruits maintained or created by the parties,
including without limitations, letters and other correspondence, inter-office
memoranda, mailing lists, manuals, profiles, forms, procedural or marketing
information and other materials developed by a party or at its direction, or
under its supervision or required to be maintained by any computer data base,
manual or memoranda or by the directives of the management of the businesses,
the parties' ways of doing business, including search engine utilization
strategies; and 

(iii.) Any and all
documents, formulae, logarithms, code, language, plans, specifications,
software, constituting "Intellectual Property," associated, in any
way, with or developed by either party, as that term is commonly used and
understood between the parties, and in the industry, and for which the parties have
taken steps to keep such information/technology secret from outside third
parties. 

Collectively the
information and materials referenced in 6(A) (i)-(iii) shall be referenced to
herein as "Trade Secrets." NBM and 30DC agree that the Trade Secrets
are assets belonging solely to the individual businesses respectively and that
they have significant value to each party. 

8. General
Provisions. 

A. Entire
Agreement. This Agreement (a) contains the entire agreement among the
parties, which said Agreement expressly includes and incorporates herein Annexure
A, which is attached hereto; (b) except as otherwise provided for herein, may
not be amended nor may any rights hereunder be waived except by an instrument
in writing signed by the party sought to be charged with such amendment or
waiver; and (c) is binding upon and inures to the benefit of the parties, and
their respective personal representatives, successors and assigns, except as
set forth above. 

B. Construction
Principles. Words in any gender are deemed to include the other gender. The
singular is deemed to include the plural and vice versa. The headings and
underlined paragraph titles are for guidance only and have no significance in
the interpretation of this Agreement. 

C. Counterparts.
The Agreement may be executed in any number of counterparts, each of which is
deemed an original and as executed shall constitute one agreement, binding on
the parties even though the parties do not sign the same counterpart. A fax or
electronic signature shall constitute the same as an original for all purposes. 

-4-

D. Assignment.
Neither party may assign or otherwise transfer this Agreement without the
written consent of the other party.

This Agreement
shall inure to the benefit of and bind the parties hereto and their respective
legal representatives, successors and assigns.  

E. Severance
Clause. The invalidity or unenforceability of any part of this Agreement
does not invalidate or affect the remainder, which continues to govern the
relative rights and duties of the parties as though the invalid or
unenforceable part were not a part hereof. 

F. Attorney's
Fees. In the event of a breach of this Agreement, the prevailing party is
entitled to recover from the breaching party all attorneys' fees and costs
incurred in enforcing this Agreement, with or without suit.

 

30DC, Inc.                                                      Netbloo
Media, LTD

 

By:   /s/                                                         By:
   /s/                                                  

President                                                         
Manager

Date:     July 21, 2015                                    Date:    
July 20, 2015                            

 

-5-

ANNEXURE A

 SERVICES

Business
consulting, Project management and Software development including product
completion, revisions and updates, development and maintenance of
infrastructure such as web sites and hosting exclusively for the following 30DC
products

MagCast
Publishing Platform (MagCastApp.com)

MagCast  mobile App

Blogger Product
website (TBD)

Blogger mobile App

To further
clarify, the blogger product is a new platform currently in development by
Netbloo Media on behalf of 30DC that is targeted to the Blogging industry. It
allows bloggers to get an app built that reflects the content of their blog.
Articles can be created using the web platform and these will be displayed in
the blog app.

Any New 30DC
products and services will be jointly reviewed and approved. If approved for
development by Netbloo Media, they will need to be agreed in a separate service
level agreement between 30DC and Netbloo Media prior to the start of any development.

Netbloo Media
shall be responsible for providing business consulting, project management, development,
delivery of all development project listed in this agreement. 

At all times,
30DC shall have access to all product and product source code for the above
listed products

As a major
shareholder, Jonathan Lint can also attend all 30DC board and management
meetings (typically telephonic).

NBM agrees to
allocate 2 development resources for the above projects at cost. If more development
resources are required by DC, a separate service invoice will be crafted for
these resources

PRICING OF SERVICES

Monthly service
fee of $19,500 per month for Project Management & Consulting Service, web
and app development services, plus out of pocket costs for travel, software
license, programming services, and third party vendors-as approved by 30DC,
Inc. in advance.

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