Document:

CONTRIBUTION
AND SPIN-OFF AGREEMENT

 

This
Contribution and Spin-off Agreement (the “Agreement”) is entered into as of October __, 2017 (the “Effective
Date”) by and among RealBiz Media Group, Inc., a Delaware corporation (“RealBiz”), Anshu Bhatnagar,
an individual (“Mr. Bhatnagar”), for purposes of Section 2.3 only, NestBuilder.com Corp., a Nevada corporation
(“NestBuilder”), and Alex Aliksanyan, an individual (“Mr. Aliksanyan”). RealBiz, Mr. Bhatnagar,
NestBuilder, and Mr. Aliksanyan shall each be referred to as a “Party” and collectively as the “Parties.”

 

Recitals

 

A.
RealBiz and Mr. Bhatnagar entered into that certain Agreement dated December 12, 2016, as amended and restated by that certain
Amended and Restated Agreement dated January 2, 2017, by and among RealBiz, Mr. Bhatnagar and Mr. Aliksanyan (the “Amended
Agreement”), and that certain Memorandum of Understanding dated December 29, 2016 (the “MOU”). A
copy of the Amended Agreement is attached hereto as Exhibit A. Pursuant to the Amended Agreement the parties thereto agreed,
among other things, to (i) certain terms and conditions concerning Mr. Bhatnagar’s employment with RealBiz commencing on
January 2, 2017; and (ii) certain terms and conditions concerning the spin-off of the RealBiz business division providing digital
media and marketing services for the real estate industry (the “Business”) to the RealBiz stockholders, excluding
Mr. Bhatnagar (the “Spin-off”).

 

B.
NestBuilder was incorporated on January 10, 2017 for the purpose of receiving the assets and liabilities of RealBiz related to
the Business in connection with the Spin-off, and prior to the date hereof, (i) no shares in NestBuilder have been issued, (ii)
no directors or officers have been appointed or elected, and (iii) Mr. Aliksanyan has acted as the sole agent of NestBuilder,
and for purposes of this Agreement, Mr. Aliksanyan is deemed to be the sole authorized officer of NestBuilder with full power
and authority to execute and deliver this Agreement on behalf of NestBuilder.

 

C.
In furtherance of the Spin-off transaction, the Parties desire to enter into this Agreement to contribute the specified assets
to NestBuilder.

 

Agreement

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows:

 

    	 	- 1 -	 

     

    

 

ARTICLE
1

 

CONTRIBUTION
OF ASSETS; ASSUMPTION OF LIABILITIES

 

1.1
Contribution of Assets. Effective as of the Effective Date, RealBiz hereby contributes, transfers, assigns, conveys and
delivers to NestBuilder, and NestBuilder does hereby accept from RealBiz, all of RealBiz’s right, title and interest in,
to and under all of the tangible and intangible assets owned,
used or held for use by RealBiz that are related to the Business, including, but not limited to, the assets described on
the attached Exhibit B (the “Assets”). RealBiz represents and warrants that since January 2, 2017, it
has not caused the Assets to be subject to any liens, claims, encumbrances, pledges, security interests or charges of any kind
whatsoever.

 

1.2
Assumption of Liabilities. Effective as of the Effective Date, NestBuilder hereby assumes from RealBiz and agrees to pay,
defend, discharge and perform as and when due any and all liabilities accruing before January 2, 2017, and arising out of or relating
to the Assets or RealBiz (the “Assumed Liabilities”), other than the Excluded Liabilities (defined in Section
1.3 below).

 

1.3
Excluded Liabilities. Notwithstanding anything to the contrary contained in this Agreement, NestBuilder will not assume
or be liable for, and will have no responsibility related to, any liabilities accruing on or after January 2, 2017, and arising
from acts, omissions, or agreements occurring on or after January 2, 2017 and which are not related to the Assets or the
Business. This includes, but is not limited to, any and all liabilities arising from the acts, omissions or agreements related
to the RealBiz food distribution business, RealBiz general and administrative operations and corporate governance, and RealBiz’s
pro-rata share of costs for regulatory filings and compliance from January 2, 2017 through the Effective Date as provided in the
Amended Agreement (the “Excluded Liabilities”).

 

1.4
Amount and Form of Consideration. In consideration for the contribution of the Assets, NestBuilder agrees to issue to RealBiz
one hundred (100) shares of NestBuilder common stock.

 

ARTICLE
2

SPIN-OFF

 

2.1
Spin-off. RealBiz and NestBuilder will use commercially reasonable efforts to effectuate a pro rata distribution of NestBuilder
common stock to RealBiz stockholders (the “Distribution”). The obligation of RealBiz and NestBuilder to consummate
the Distribution shall be subject only to the Securities and Exchange Commission’s declaration of effectiveness of a NestBuilder
Registration Statement on Form 10, to be filed by NestBuilder in connection with the Distribution to be filed by Nestbuilder within
sixty (60) days of the Effective Date.

 

2.2
Record Date. The record date for determining the stockholders entitled to receive shares in connection with the Distribution
shall be determined by the board of RealBiz Media Group (the “Board”) as soon as is practicable following the effectiveness
of the NestBuilder Form 10 as provided in Section 2.1, above.

 

    	 	- 2 -	 

     

    

 

2.3
Sale by Mr. Bhatnagar of NestBuilder Shares. Within ten (10) days of receipt by Mr. Bhatnagar or his affiliates of shares
of common stock of NestBuilder pursuant to the Distribution (the “Bhatnagar Shares”), Mr. Bhatnagar will sell
to NestBuilder, and NestBuilder will purchase from Mr. Bhatnagar, the Bhatnagar Shares, free and clear of all security interests,
liens, encumbrances, claims, charges, assessments and restrictions other than restrictions on transfer under federal and state
securities laws. The purchase price for the Bhatnagar Shares will be ten ($10) dollars.

 

2.4
Management of NestBuilder. Mr. Aliksanyan shall serve as the president and sole director
of NestBuilder until the consummation of the Distribution or the liquidation described in Section 2.6 below. RealBiz represents
and warrants that it will not take any action causing the termination of Aliksanyan’s employment by NestBuilder, or otherwise
interfere with Aliksanyan’s management of NestBuilder pending the Distribution.

 

2.5
Expenses.

 

(a)
Distribution Expenses. NestBuilder shall be responsible for all expenses related to the Distribution. In connection with
the foregoing, NestBuilder shall be entitled to engage its own legal, accounting and other advisors and service providers to prepare
all documentation related to the Distribution. 

 

(b) Other
Expenses. Each of NestBuilder and RealBiz shall be responsible for all other costs and expenses incurred or accruing
after the Effective Date related to its respective operations, including without limitation, legal, accounting, tax,
administrative, regulatory filings and compliance, investment, and financing expenses.

 

2.6
Liquidation. In the event that NestBuilder does not file a Registration Statement on Form 10 within sixty (60) days of
the Effective Date, NestBuilder will use commercially reasonable efforts to liquidate all of its assets and liabilities and then
distribute all proceeds pro rata to the RealBiz stockholders of record as determined by the Board.

 

2.7
Tax. RealBiz and NestBuilder agree to cooperate in the structuring of the Spin-off so that such Spin-off shall be completed
in as tax efficient manner as possible, provided however, that a tax liability to either party as a result of the Spin-off shall
not prevent the consummation of the transaction.

 

ARTICLE
3

Monaker
LawsuitS

 

3.1
Definition. For purposes of this Agreement, the “Monaker Lawsuits”
shall mean (a) the lawsuit filed by RealBiz against Monaker Group, Inc. (“Monaker”) on May 11, 2016
in the United States District Court for the Southern District of Florida (Case No. 0:16-cv-61017-FAM); (b) the lawsuit filed by
Monaker against RealBiz in October 2016 in the 17th Judicial Circuit for Broward County, Florida (Case No. CACE-16-019818);
and, (c) the lawsuit filed by Monaker against RealBiz in November 2016 in the United States District Court for the Southern District
of Florida (Case No. 1:16-cv-24978-DLG).

 

    	 	- 3 -	 

     

    

 

3.2
Control and Direction of Monaker Lawsuits. Aliksanyan shall have exclusive control and direction of the Monaker Lawsuits
in his capacity as president of NestBuilder. It is expressly agreed and understood by the parties that the Monaker Lawsuits represent
Assets and Assumed Liabilities.

 

3.3
Indemnification of RealBiz. NestBuilder hereby agrees to indemnify, defend and hold harmless RealBiz from and against any
and all damages, costs and expenses (including reasonable attorneys’ fees) of every kind, nature or description arising
out of or resulting from the Monaker Lawsuits.

 

ARTICLE
4

RESIGNATIONS
AND INDEMNIFICATION

 

4.1
Resignation of Mr. Aliksanyan. By his signature below, Mr.
Aliksanyan hereby resigns from any and all officer and director positions and in
all other capacities, including that of employee, as applicable, of RealBiz, effective as of the Effective Date. For the
avoidance of doubt, the foregoing resignation shall not apply to Mr. Aliksanyan’s
officer and director positions with NestBuilder, as set forth in Section 2.4.

 

4.2
NestBuilder hereby agrees to indemnify, defend
and hold harmless RealBiz from and against any and all damages, costs and expenses (including reasonable attorneys’ fees)
of every kind, nature or description arising out of or resulting from events occurring prior to January 2, 2017.

 

ARTICLE
5

REPRESENTATIONS
AND WARRANTIES

 

Each
Party represents and warrants to the others that: (i) this Agreement has been duly and validly authorized, executed and delivered
by it, and it has full power and authority to execute and deliver this Agreement and to consummate the transactions contemplated
hereby without: (x) obtaining the consent of any party, (y) violating the terms of or constituting a default under any covenant,
agreement, or undertaking by which it is bound, its organizational documents, or any applicable law, rule, regulation, order,
writ, judgment, injunction, decree, or award by which it is bound, or (z) result in the creation or imposition of any lien pursuant
to the terms of any indenture, instrument, or agreement by which it is bound; and (ii) this Agreement constitutes the legal, valid,
and binding obligation of each Party, enforceable against each Party in accordance with its terms, except as limited by principles
of equity or laws relating to insolvency. RealBiz has and shall transfer good and marketable title to all of the Assets, and except
for the Assumed Liabilities such Assets are free and clear of any mortgages, pledges, liens, encumbrances, charges, security interests
or restrictions on transfer that were incurred after January 2, 2017.

 

    	 	- 4 -	 

     

    

 

ARTICLE
6

MISCELLANEOUS

 

6.1
Further Assurances. On the terms and subject to the conditions of this Agreement, each Party shall use commercially reasonable
efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or desirable under applicable
laws and regulations to consummate the transactions and carry out the purposes of this Agreement.

 

6.2
Notices. Any notice given under this Agreement by any Party shall be in writing and shall be effective: (a) upon receipt
when delivered personally; or (b) one business day after depositing in the mail if delivered by recognized overnight courier (charges
prepaid), and addressed as follows:

 

	 	If
                                         to RealBiz or

	 	RealBiz
    Media Group, Inc.
	 	Mr.
    Bhatnagar:	 	9841Washingtonian
    Blvd #390
	 	 	 	Gaithersburg,
    MD 20850
	 	 	 	Attn:
    President

 

	 	With
    a copy to:	 	Andrea
    Cataneo, Esq.
	 	 	 	Sheppard
    Mullin Richter & Hampton LLP
	 	 	 	30
    Rockefeller Plaza
	 	 	 	New
    York, NY 10112

 

	 	If
    to NestBuilder or	 	NestBuilder.com
    Corp.
	 	Mr.
    Aliksanyan:	 	150
    Central Park South
	 	 	 	Suite
    604
	 	 	 	New
    York, NY 10019
	 	 	 	Attn:
    President

 

	 	With
    a copy to:	 	Andrew
    K. Wible
	 	 	 	Cohen
    Mohr LLP
	 	 	 	1055
    Thomas Jefferson St. NW
	 	 	 	Suite
    504
	 	 	 	Washington,
    DC 20007

 

Any
Party may alter the address to which notices are sent upon notice thereof to the other Parties.

 

6.3
Expenses. Each Party shall bear its own expenses in connection with the negotiation, drafting, execution, and performance
of this Agreement, except as otherwise specifically set forth herein.

 

6.4
Severability. Wherever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective
and valid under applicable law. If any clause or provision of this Agreement is determined to be illegal, invalid or unenforceable
under any present or future law by the final judgment of a court of competent jurisdiction, the remainder of this Agreement shall
not be affected thereby.

 

6.5
Assignment; Successors and Assigns. No Party may assign its rights or delegate its duties hereunder without the advance
written consent of the other Parties hereto. This Agreement shall be binding upon and inure to the benefit of the Parties hereto
and their respective successors, assignees and transferees.

 

    	 	- 5 -	 

     

    

 

6.6
Entire Agreement and Amendment. This Agreement, together with any other agreements, undertakings, or contracts entered
into in connection herewith, contain the entire agreement between the Parties hereto with respect to the matter hereof and thereof,
and supersede all other prior written or verbal agreements concerning the subject matter hereof or thereof. This Agreement may
not be amended, modified, or changed in any respect except by an agreement in writing signed by the Parties hereto.

 

6.7
Confidential Information. Each Party, and its respective attorneys, agents, representatives and employees, shall maintain
the terms and conditions of this Agreement in confidence, except the Parties may state that they have settled their differences;
and the Parties may make such disclosures as are required to comply with applicable laws, orders, subpoenas, rules or regulations
or in connection with enforcement of this Agreement. Further, each Party may disclose the contents of this Agreement to its respective
accountants, lawyers, and other business advisors in the normal course of business.

 

6.8
Injunction. In the event of a breach or threatened breach by a Party of this Agreement, in addition to any other remedies
available at law or in equity, the other Parties shall be entitled to a court order enjoining such breach or threatened breach
and requiring compliance with the terms of this Agreement (without the need to post any security). Each Party will indemnify and
hold harmless the other Parties from and against any and all loss, liability, cost, or expense (including reasonable attorneys’
fees and costs) arising out of or relating to the failure of such Party or its representatives to comply with the terms of this
Agreement, including without limitation costs of enforcement.

 

6.9
Governing Law. In all respects, including all matters of construction, validity and performance, this Agreement and the
obligations of each Party arising hereunder shall be governed by, construed and enforced in accordance with, the internal laws
of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of
Delaware.

 

6.10
Jurisdiction. Each of the Parties to this Agreement hereby irrevocably submits to the jurisdiction of and venue in the
United States federal and state courts located in Montgomery County, Maryland for the purpose of any lawsuit between or among
the Parties arising in whole or in part under or in connection with this Agreement.

 

6.11
Survival of Representations and Warranties. The representations and warranties contained in this Agreement are deemed to
and do survive the execution hereof.

 

6.12
Facsimile or PDF E-mail Signatures. The Parties agree that, in addition to effective execution and delivery by means of
delivery of an original executed counterpart hereof, this Agreement shall be considered to have been effectively executed and
delivered by either Party when a duly executed counterpart of this Agreement has been delivered by such Party by facsimile transmission
or PDF e-mail. Such facsimile or PDF e-mail signature shall be treated in all respects as having the same effect as an original
signature.

 

    	 	- 6 -	 

     

    

 

6.13
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same document.

 

6.14
No Third-Party Beneficiaries. This Agreement is solely between the Parties hereto and no person not a party to this Agreement
shall have any rights or privileges hereunder.

 

6.15
Attorney’s Fees. In the event of any action, suit or other proceeding instituted to remedy, prevent or obtain relief
from a breach of this Agreement, arising out of a breach of this Agreement, or pertaining to a declaration of rights under this
Agreement, the prevailing Party shall recover from the non-prevailing Party all of such Party’s attorneys’ fees and
costs incurred in each and every such action, suit or other proceeding, including any and all appeals or petitions therefrom.

 

6.16
Section Headings. The section and other headings contained in this Agreement are for reference purposes only and shall
not affect the meaning or interpretation of any provisions of this Agreement.

 

6.17
Mutual Drafting. This Agreement represents a bargained for agreement resulting from the negotiation of the parties. This
Agreement shall be deemed as joint work product of all parties and their respective counsel, and all parties shall be considered
the drafters of this Agreement. Any rule of construction to the effect that any ambiguities are to be construed against the drafting
party shall not be applicable to this Agreement. By their authorized signatures below, the parties certify that they have carefully
read and fully considered the terms of this Agreement, that they have had an opportunity to discuss these terms with attorneys
or advisors of their own choosing, that they agree to all of the terms of this Agreement, that they intend to be bound by them
and to fulfill the promises set forth herein, and that they voluntarily and knowingly enter into this Agreement with full understanding
of its binding legal consequences.

 

[Signature
Page Follows]

 

    	 	- 7 -	 

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first set forth above.

 

	 	RealBiz:
	 	 
	 	RealBiz
    Media Group, Inc.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	          
	 	Name:	 
	 	Title:
    	 

 

	 	NestBuilder:
	 	 
	 	Nestbuilder.com
    Corp.,
	 	a
    Nevada corporation
	 	 	 
	 	By:	 
	 	Name:	Alex
    Aliksanyan
	 	Title:	Authorized
    Officer

 

	 	Mr.
    Bhatnagar (for purposes of Section 2.3):
	 	 	 
	 	By:	 
	 	 	Anshu
    Bhatnagar, an individual

 

	 	Mr.
    Aliksanyan:
	 	 	 
	 	By:	 
	 	 	Alex
    Aliksanyan, an individual

 

[Signature
Page to CONTRIBUTION AND SPIN-OFF Agreement]

 

    	 

     

    

 

Exhibit
A

 

AMENDED
Agreement

 

(see
attached)

 

 

 

 

    	 	Exhibit A	 

     

    

 

Exhibit
B

 

Assets

 

	1.	All
    assets and other interests in the following entities:
	 	 	 
	 	(a)	RealBiz
    360, Inc.
	 	(b)	RealBiz
    Holdings, Inc.
	 	(c)	RealBiz
    Enterprises, Inc.
	 	 
	 	Upon
    which the entities will be dissolved.
	 	 
	2.	All
    funds held in TD Bank account #4318132373
	 	 
	3.	All
    right, title and interest in and to the Monaker Lawsuits, including any net proceeds (including attorneys’ fees) therefrom.
	 	 
	4.	All
    customer, vendor and supplier lists, order histories and contact information of such customers and all other information related
    to the Business.
	 	 
	5.	All
    intellectual property embodied in, used by, or otherwise related to the Assets, including, but not limited to, source code
    and object code, owned or used by RealBiz in connection with the Business.

 

	6.	All
    of the following domain names together with related source code and object code:
	 	 	 
	 	(a)	Realbiz360.com
	 	(b)	Ezflixvideo.com
	 	(c)	Hometournetwork.com
	 	(d)	Nestbuilder.com
	 	(e)	fsbo.nestbuilder.com
	 	(f)	Reachfactor.com

 

For
the avoidance of doubt, the following assets are excluded from the definition of Assets in the Agreement, and shall be retained
by RealBiz:

 

	1.	All
    tangible and intangible assets related to the RealBiz food distribution business;
	 	 
	2.	The
    realbizmedia.com domain name;
	 	 
	3.	RealBiz
    corporate website; 
	 	 
	4.	All
    email addresses and phone numbers unrelated to the Business; and
	 	 
	5.	All
    Net Operating Losses (NOLs) will remain with RealBiz Media Group

 

    	 	Exhibit BRealBiz
Media Group (Verus Foods) Announces Plans for Spin-off of Real Estate Division

 

NEW
YORK, NY – October 30, 2017 – RealBiz Media Group, Inc. (OTCQB: RBIZ) currently operating as Verus Foods (“Verus”),
is pleased to announce the execution of a definitive agreement to spin-off the real estate division into a separate public company.
The new entity will be called NestBuilder.com Corp. (“NestBuilder”) and all stockholders of record at the time of
the spin-off will receive an equivalent stock position in the newly formed digital real estate company. The date of the spin-off
will be determined following a declaration of effectiveness by the Securities and Exchange Commission.

 

Under
terms of the agreement, all liabilities incurred by RealBiz prior to January 2nd, 2017 will be assumed by NestBuilder,
leaving Verus Foods in an excellent position to pursue its expansion plans in its global food business. As previously communicated,
Alex Aliksanyan has exclusive control and direction of the legacy Monaker lawsuits in his capacity as CEO of NestBuilder. In addition,
NestBuilder has agreed to indemnify, defend, and hold harmless RealBiz (Verus) from and against all damages, costs and expenses
arising out of or resulting from the Monaker Lawsuits.

 

In
conjunction with these changes, Mr. Alex Aliksanyan and Mr. Tom Grbelja will leave the employ of RealBiz to become the CEO and
CFO, respectively, of NestBuilder. Concurrent with these actions, RealBiz will change its name to Verus Foods and also apply for
a new stock trading symbol. The company will apply for these changes as soon as possible and will update shareholders as execution
dates become available.

 

“It
is wonderful that all RealBiz shareholders will benefit from our actions today,” explained NestBuilder CEO Alex Aliksanyan.
“A ‘two-for-one” stock is a tremendous bonus. Our new product at NestBuilder, which we have been diligently
working on for years, is now completed. We have been waiting for the spin-off before launching, so needless to say, we are very
excited.”

 

“At
Verus Foods, we are very happy to finally be able to move ahead as a separate entity, with our own identity and name,” said
Verus CEO Anshu Bhatnagar. “This is more than just a symbolic move, because we expect this separation to enable us to complete
some of the unfinished steps that have delayed our growth. As an operational update, we also expect to leverage our expertise
in the international food distribution sector by entering the retail arena in the near future via manufacturing acquisitions.
So, some very big things are coming at Verus and we have a long list of potential business opportunities that we are eager to
explore.”

 

The
company’s goal is to apply immediately for all regulatory approvals necessary to complete the spin-off, name change, and
other related corporate actions.

 

About
RealBiz Media Group, Inc.

 

RealBiz
Media Group, Inc. operates two business segments: an international food subsidiary (Verus Foods) that sells products to customers
worldwide; and a real estate digital media and technology company. RealBiz Media Group, Inc. (OTCQB: RBIZ) trades on the OTCQB
venture stage marketplace for early stage and developing U.S. and international companies. Investors can find Real-Time quotes
and market information for the company on www.otcmarkets.com.

 

    	MKR
                                         Group, Inc. | 12198 Ventura Blvd., Suite 200, Los Angeles, CA 91604 | Main: 323.468.2300
                                         Fax: 323.205.4332

	Page
                                         1 of
                                         2

     

    

 

Safe
Harbor Statement

 

This
news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions
and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks
including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities
and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the
Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition,
the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date
hereof.

 

Contacts

 

Investor
Contact:

MKR Group Inc.

Todd Kehrli or Mark Forney

rbiz@mkr-group.com

 

    	MKR
                                         Group, Inc. | 12198 Ventura Blvd., Suite 200, Los Angeles, CA 91604 | Main: 323.468.2300
                                         Fax: 323.205.4332

	Page
                                         2 of
                                         2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00276-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00276-of-00352.parquet"}]]