Document:

EXHIBIT 10.2

 

ADDENDUM TO 

AGREEMENT AND CONSENT WITH REPRESENTATIONS

APOLLO MEDIA NETWORK, INC. 

AND

SIBANNAC, INC.

 

 

 

 

 

 

The Effective Date of the transaction shall be deemed to be
August 31, 2015, for all purposes hereunder.

The state of incorporation of Sibannac, Inc. is amended from
Colorado to Nevada.

 

 

 

Date: January 26, 2016

Kirk Kimerer

By:/s/ Kirk Kimerer                                               

           
Name:  Kirk Kimerer

AGREEMENT AND CONSENT WITH REPRESENTATIONS

Gentlemen:

The Subscriber ("Subscriber") herein, as Owner of 3,100,000 shares of outstanding
common stock of Apollo Media Network, Inc. (Apollo) is offering to accept in liquidation of
Apollo 3,100,000 shares of the common stock of Sibannac, Inc. ("Company" or "SI"), a Colorado
corporation, as contemplated under that certain Asset Acquisition Agreement dated August 19,
2015, by and between SI and Apollo (the "Acquisition Agreement").

Subscriber hereby approves the Acquisition Agreement and the transactions contemplated
thereunder, and offers to accept the shares as set forth above, and agrees to become a shareholder
of the Company (SI). In order to induce the Company (SI) to accept my offer, I advise you as
follows and acknowledge:

1. Corporate Documents. Receipt of copies of Articles, By-Laws, and audited financial
statements of the Company and such other documents as I have requested: I hereby acknowledge
that I have received the documents (as may be supplemented from time to time) relating to the
Company and that I have carefully read the information and that I understand all of the material
contained therein.

2. Availability of Information. I hereby acknowledge that the Company has made available
to me the opportunity to ask questions of, and receive answers from the Company and any other
person or entity acting on its behalf, concerning the terms and conditions of the business, the
financial statements and related information of the Company and the 2014 10K, 1OQ for Dec. 31,
2014 of the Company and the information contained in the corporate documents, and to obtain
any additional information, to the extent the Company possesses such information or can acquire
it without unreasonable effort or expense, necessary to verify the accuracy of the information
provided by the Company and any other person or entity acting on its behalf.

3. Representations and Warranties. Subscriber represents and warrants to the Company (SI)
(and understands that SI is relying upon the accuracy and completeness of such representations
and warranties in connection with the availability of an exemption for the offer and acquisition of
the shares from the registration requirements of applicable federal and state securities laws) that:

(a) RESTRICTED SECURITIES.

(I) I understand that the Shares have not been registered under the Securities Act of 1933, as amended (the "Act"), or any state securities laws.

(II) I understand that if this acquisition agreement is accepted and the Shares are issued to me,
I cannot sell or otherwise dispose of the Shares unless the Shares are registered under the Act or
applicable state securities laws or exemptions therefrom are available (and consequently, that I
must bear the economic risk of the investment for an indefinite period of time):

(III) I understand that the Company (SI) has no obligation now or at any time to register the
Shares under the Act or the state securities laws or obtain exemptions therefrom.

(IV) I understand that the Company (SI) will restrict the transfer of the Shares in accordance
with the foregoing representations.

(V) There is a limited public market for the common stock of the Company and there is no
certainty that a more liquid market will ever develop or be maintained. There can be no assurance
that I will be able to sell or dispose of the Shares. Moreover, no assignment, sale, transfer,
acquisition or other disposition of the Shares can be made other than in accordance with all
applicable securities laws. It is understood that a transferee may at a minimum be required to fulfill
the investor suitability requirements established by the Company, or registration may be required.

(b) LEGEND.

I agree that any certificate representing the Shares will contain and be endorsed with the following,
or a substantially equivalent, LEGEND:

"This share certificate has been acquired pursuant to an investment representation by the holder
and shall not be sold, pledged, hypothecated or donated or otherwise transferred except upon the
issuance of a favorable opinion by its counsel and the submission to the Company of other evidence
satisfactory to and as required by counsel to the Company, that any such transfer will not violate
the Securities Act of 1933, as amended, and applicable state securities laws. These shares are not
and have not been registered in any jurisdiction."

(c) OWN ACCOUNT.

I am the only party in interest with respect to this acquisition offer, and I am acquiring the Shares
for my own account for long-term investment only, and not with an intent to resell, fractionalize,
divide, or redistribute all or any part of my interest to any other person, except in liquidation of the
company.

(d) AGE: CITIZENSHIP.

I am at least twenty-one years old and a citizen of the United States.

(e) ACCURACY OF INFORMATION.

All information which I have provided to the Company (SI) concerning my knowledge of financial
and business matters is correct and complete as of the date set forth at the end hereof, and if there
should be any material change in such information prior to acceptance of this acquisition offer by
the Company, I will immediately provide the Company with such information.

4. Acquisition Procedure. I understand that this acquisition is subject to each of the following
terms and conditions:

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      Kimerer Agreement and Consent - Final

(a) The Company may reject this acquisition for legal reasons, and this acquisition shall
become binding upon the Company only when accepted, in writing, by the Company.

(b) This offer may not be withdrawn by me.

(c) The share certificates to be issued and delivered pursuant to this acquisition will be issued
in the name of and delivered to me.

5. Suitability. I hereby warrant and represent:

(a) That I can afford a complete loss of the investment and can afford to hold the securities
being received hereunder for an indefinite period of time.

(b) That I consider this investment a suitable investment, and

(c) That I am sophisticated and knowledgeable and have had prior experience in financial
matters and investments.

6. Acknowledgement of Risks. I have been furnished and have carefully read the information
relating to the Company, including this form of Acquisition Agreement. I am aware that:

(a) There are substantial risks incident to the ownership of Shares from the Company, and such
investment is speculative and involves a high degree of risk of loss by me of my entire investment
in the Company.

(b) No federal or state agency has passed upon the Shares or made any finding or determination
concerning the fairness of this investment.

(c) The books and records of the Company will be reasonably available for inspection by me and/or
my investment advisors, if any, at the Company's place of business.

(d) All assumptions and projections set forth in any documents provided by the Company have
been included therein for purposes of illustration only, and no assurance is given that actual results
will correspond with the results contemplated by the various assumptions set forth therein.

(e) SI has had unsuccessful operating history. The proposed operations are subject to all of the
risks inherent in the establishment of a new business enterprise, including a limited operating
history. The unlikelihood of the success of the Company must be considered in light of the
problems, expenses, difficulties, complications and delays frequently encountered in connection
with the formation and operation of a new business and the competitive environment in which the
Company will operate.

7. Receipt of Advice. I acknowledge that I have been advised to consult my own attorney and
investment advisor concerning the investment.

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      Kimerer Agreement and Consent - Final

8. Restrictions on Transfer. I acknowledge that the investment in the Company is an illiquid
investment. In particular, I recognize that:

(a) Due to restrictions described below, the lack of any market existing or to exist for these Shares,
in the event I should attempt to sell my Shares in the Company, my investment will be highly
illiquid and, probably must be held indefinitely.

(b) I must bear the economic risk of investment in the Shares for an indefinite period of time, since
the Shares have not been registered under the Securities Act of 1933, as amended, and issuance is
made in reliance upon Section 4 of said Act and/or Rule 506 of Regulation D under the Act, as
may be applicable. Therefore, the Shares cannot be offered, sold, transferred, pledged, or
hypothecated to any person unless either they are subsequently registered under said Act or an
exemption from such registration is available and the favorable opinion of counsel for the
Company to that effect is obtained, which is not anticipated. Further, unless said Shares are
registered with the securities commission of the state in which offered and sold, I may not resell,
hypothecate, transfer, assign or make other disposition of said Shares except in a transaction
exempt or exempted from the registration requirement of the securities act of such state, and that
the specific approval of such sales by the securities regulatory body of the state is required in some
states.

(c) My right to transfer my Shares will also be restricted by the legend endorsed on the certificates.

9. Access to Information. I represent and warrant to the Company that:

(a) I have carefully reviewed and understand the risks of, and other considerations relating to, the
acquisition of the Shares, including the risks of total loss in the event the Company's business is
unsuccessful.

(b) I and my investment advisors, if any, have been furnished all materials relating to the Company
and its proposed activities and anything which they have requested and have been afforded the
opportunity to obtain any additional information necessary to verify the accuracy of any
representations about the Company.

(c) The Company has answered all inquiries that I and my investment advisors, if any, have put to
it concerning the Company and its proposed activities and acquisition of the Shares.

(d) Neither I nor my investment advisors, if any, have been furnished any offering literature other
than the documents attached as exhibits thereto and I and my investment advisors, if any, have
relied only on the information contained in such exhibits and the information, as described in
subparagraphs (b) and (c) above, furnished or made available to them by the Company.

(e) I am acquiring the Shares for my own account, as principal, for investment purposes only and
NOT with a view to the resale or distribution of all or any part of such Shares, and that I have no
present intention, agreement or arrangement to divide my participation with others or to resell,
transfer or otherwise dispose of all or any part of the Shares subscribed for unless and until I

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  Kimerer Agreement and Consent - Final

determine, at some future date, that changed circumstances, not in contemplation at the time of
this acquisition, makes such disposition advisable;

(f) I, the undersigned, if on behalf of a corporation, partnership, trust, or other form of business
entity, affirm that: it is authorized and otherwise duly qualified to purchase and hold Shares in the
Company; recognize that the information under the caption as set forth in (a) above related to
investments by an individual and does not address the federal income tax consequences of an
investment by any of the aforementioned entities and have obtained such additional tax advice that
I have deemed necessary; such entity has its principal place of business as set forth below; and
such entity has not been formed for the specific purpose of acquiring Shares in the Company.

(g) I have adequate means of providing for my current needs and personal contingencies and have
no need for liquidity in this investment; and

(h) The information provided by the Company is confidential and non-public and I agree that
all such information shall be kept in confidence by it and neither used by it to its personal benefit
(other than in connection with its acquisition for the Shares) nor disclosed to any third party for
any reason; provided, however, that this obligation shall not apply to any such information which
(i) is part of the public knowledge or literature and readily accessible at the date hereof; (ii)
becomes part of the public knowledge or literature and readily accessible by publication (except
as a result of a breach of these provisions); or (iii) is received from third parties (except those
parties who disclose such information in violation of any confidentiality agreements including,
without limitation, any Acquisition Agreement they may have with the Company).

10. Binding Agreement. I hereby adopt, accept, and agree to be bound by all the terms and
conditions of the Share Acquisition Agreement by and between SI and Apollo, executed
concurrently herewith, and by all of the terms and conditions of the Articles of Incorporation, and
amendments thereto, and By-Laws of the Company. Upon acceptance of this Acquisition
Agreement by the Company, I shall become a Shareholder for all purposes.

11.Agreement to Be Bound. The Acquisition Agreement, upon acceptance by the Company, shall
be binding upon my heirs, executors, administrators, successors, and assigns.

12.Indemnification. I further represent and warrant:

(a) I hereby indemnify the Company and hold the Company harmless from and against any and all
liability, damage, cost, or expense incurred on account of or arising out of:

(I) Any inaccuracy in my declarations, representations, and warranties hereinabove set forth;

(II) The disposition of any of the Shares which I will receive, contrary to my foregoing
declarations, representations, and warranties; and

(III) Any action, suit or proceeding seeking damages or redress from Company based upon (1) the
inaccuracy of said declarations, representations, or warranties; or (2) the disposition of any of the
Shares or any part thereof contrary to the foregoing declarations, representations, and warranties.

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  Kimerer Agreement and Consent - Final

13. Governing Law. This Agreement shall be construed in accordance with and governed by the
laws of the State of Colorado, except as to the manner in which the Subscriber elects to take title
to the Shares in the Company that shall be construed in accordance with the state of his principal
residence.

14. Financial Statement. Upon request of the Company, I shall provide a sworn and signed copy
of my current financial statement.

15. Title: I will hold title to my interest as follows:

{ } Community Property { } Joint Tenants with Right Survivorship { } Tenants in Common { X} Individually { } Other: (Corporation, Trust, Etc., please indicate)

(Note: Subscribers should seek the advice of their attorneys in deciding in which of the above forms they should take ownership of the Shares, since different forms of ownership can have varying gift tax and other consequences, depending on the state of the investor's domicile and their particular personal circumstances. For example, in community property states, if community property assets are used to purchase shares held in individual ownership, this might have adverse gift tax consequences. If OWNERSHIP IS BEING TAKEN IN JOINT NAME WITH A SPOUSE OR ANY OTHER PERSON, THEN ALL SUBSCRIPTION DOCUMENTS MUST BE EXECUTED BY ALL SUCH PERSONS.)

17. No Assignability. This acquisition is personal to the person/entity whose name and address
appear below. I may not assign any of its rights or obligations under this Acquisition Agreement
to any other person or entity.

18. Conditions. This Acquisition Agreement shall become binding upon the Company only when
accepted, in writing, by the Company.

19. Effective Date. The acquisition for Shares evidenced by this Agreement shall, if accepted by
the Company, be effective as soon as all state laws have been complied with to effectuate the
transaction, and the conveyances of the assets of Apollo has been consummated.

20. Conveyance. I hereby agree to waive any claim to my shares in Apollo, as shown on the stock
records of Apollo in exchange for the liquidation distribution of restricted shares of the common
stock of the Company (SI).

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Kimerer Agreement and Consent - Final

21. Further Acts. I hereby agree to execute any other documents and take any further actions that
are reasonably necessary or appropriate in order to implement the transaction contemplated by this
Acquisition Agreement.

Subscriber

Dated: August 31, 2015

/s/ Kirk Kimerer

Name: Kirk Kimerer

Address: 1313 E. Osborn Road, Suite 100

Phoenix, Arizona 85014

Social Security Number: (on file)

 

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  Kimerer Agreement and Consent - FinalEXHIBIT 10.3

ADDENDUM TO ASSIGNMENT, ASSUMPTION AND RELEASE AGREEMENT

BY AND AMONG

APOLLO MEDIA
NETWORK, INC.

KIRK KIMERER

JAYSON LANG

TRAVIS HAIR

RAY BILLS

AND

MARGARET KERR

 

 

 

 

 

The Effective Date of the transaction shall be deemed to be
August 31, 2015, for all purposes hereunder.

 

 

 

Date: January 27,
2016

Apollo Media Network, Inc., a Delaware Corporation

By:/s/ Kirk Kimerer                                              

           
Name:  Kirk Kimerer

            Title:   Chief Executive Officer

Date: January 27,
2016

By:/s/ Kirk Kimerer                                              

           
Name:  Kirk Kimerer

 

 

 

 

 

ASSIGNMENT,
ASSUMPTION AND RELEASE AGREEMENT

This Assignment, Assumption and Release Agreement (this
"Agreement") is entered into as of the 30th day of June, 2015, by and among APOLLO MEDIA
NETWORK, INC., a

Delaware corporation ("Apollo"); KIRK KIMERER
("Kimerer"); and those of JAYSON LANG ("Lang");
TRAVIS HAIR ("Hair"); RAY BILLS ("Bills");
and MARGARET KERR ("Kerr") who execute this Agreement. (Lang,
Hair, Bills and Kerr are referred to herein as "Noteholders";
and Apollo, Kimerer and the Noteholders who execute this Agreement are referred
to herein as the "Parties".)

Recitals:

            A. Kimerer is the sole stockholder of Apollo,
owning 100 shares of the Common Stock of Apollo.

            B. The Noteholders have made various loans to Kimerer,
with current outstanding balances as follows:

Jayson Lang - $106,791 (the
"Lang Loan"), represented by one or more outstanding promissory notes
from Kimerer to Lang (the "ig Notes")

Travis Hair - $53,534 (the
"Hair Loan"), represented by one or more outstanding promissory notes
from Kimerer to Hair (the "Hair Notes")

Ray Bills - $49,840 (the
"Bills Loan"), represented by one or more outstanding promissory
notes from Kimerer to Bills (the "Bills Notes")

Margaret Kerr - $44,029 (the
"Kerr Loan"), represented by one or more outstanding promissory notes
from Kimerer to Kerr (the Notes")

            The Lang Loan, the Hair Loan, the Bills Loan and
the Kerr Loan are collectively referred to as the "Loans"; and the
Lang Notes, the Hair Notes, the Bills Notes and the Kerr Notes are collectively
referred to as the "Investor Notes".)

            C. Kimerer and Apollo have agreed to enter into
a transaction whereby Kimerer will transfer certain websites to Apollo and
deliver a promissory note from Kimerer to Apollo, in exchange for the issuance
to Kimerer of additional shares of Common Stock and the assumption by Apollo of
the Loans and the Investor Notes.

            D. The Noteholders who execute this Agreement
consent to the assumption of the Loans and Investor Notes by Apollo, and have
agreed to release Kimerer from all further liabilities or obligations with
respect thereto.

NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is acknowledged by each of the Parties, the
Parties agree as follows:

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Apollo Assignment, Assumption and Release Agreement - Final

Agreements:

            1. Recitals. The Recitals set forth above
and the Exhibits hereto are incorporated herein.

            2. Transfer of Assets and Issuance of Note
from Kimerer to Apollo. Kimerer hereby agrees to (i) transfer and sell to
Apollo those websites described in the Bill of Sale, Assignment and Quit Claim
Deed attached hereto as Exhibit A (the "Bill of Sale"); and (ii)
deliver to Apollo his promissory note in the form attached hereto as Exhibit B.

            3. Issuance of Stock to Kimerer and
Assumption of Loans. Apollo (i) hereby agrees to issue to Kimerer 3,099,900
additional shares of Apollo Common Stock; and (ii) hereby assumes all of Kimerer's
liabilities and obligations under all of the Loans and Investor Notes, and
agrees to fully release and indemnify Kimerer from any further liability or
obligation under any of the Loans and Investor Notes, including all principal,
interest and other amounts due thereunder, whether arising or accruing before
or after the date of this Agreement. In connection with the issuance of the
additional shares of Apollo Common Stock to Kimerer, Kimerer shall execute and
deliver to Apollo a Subscription Agreement in the form attached hereto as
Exhibit C.

            4. Consent and Release by Noteholders.
Each Noteholder hereby fully, unconditionally and irrevocably releases Kimerer
and holds him harmless from all further liabilities or obligations under any of
the Loans or Investor Notes, and from this date forward agrees to look solely
to Apollo for repayment of the Loans or Investor Notes. Each Noteholder hereby
acknowledges and agrees that the amount set forth next to such Noteholder's
name in Recital B above represents all outstanding indebtedness from Kimerer to
such Noteholder, and hereby releases and holds Kimerer harmless from all other
monetary claims or other liabilities or obligations from Kimerer to any of the Noteholders
as of the date of this Agreement.

            5. Capitalization of Apollo. The Parties
acknowledge and agree that following the consummation of the transactions set
forth in this Agreement, the capitalization of Apollo will be as follows:

	
  Stockholder Name

  	
  Number of Shares

  
	

  	

  
	
  Kirk Kimerer

  	
  3,100,000

  
	

  	

  
	
  Total Shares Outstanding

  	
  3,100,000

  

            Miscellaneous Provisions.

            (a) Prior Agreements. This Agreement and the
other documents delivered pursuant hereto constitute the entire contract
between the Parties with respect to the subject matter hereof. This Agreement
supersedes all prior agreements and understanding between the Parties with
respect to its subject matter. Any revision, modification or termination of
this Agreement shall be effective only if in writing and signed by all of the
Parties hereto.

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Apollo Assignment, Assumption and Release Agreement - Final

            (b) Waiver. Failure to enforce any provision of
this Agreement by a Party shall not bar subsequent enforcement of such
provision or any other provision of this Agreement by such Party.

            (c) Governing Law. This Agreement and all other
agreements contemplated hereunder shall be governed by and construed under the
laws of the State of Delaware. Any claim or charge made hereunder shall be
brought in state or federal court in Maricopa County, Arizona. The parties
hereto irrevocably consent to the jurisdiction and venue of such court and waive
any present or future objection to venue or jurisdiction in such court.

            (d) Counterparts. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.

            (e) Headings. The headings in this Agreement are
for convenience only, are not part of the agreement of the parties and shall
not be deemed parts hereof or in any way affect the meaning or interpretation
of this Agreement. Wherever the word "including" is used herein, it
shall be deemed to be following with the words "but not limited to"
or similar words to that effect.

            (f) Successors and Assigns; Beneficiaries. The
terms and conditions of this Agreement shall inure to the benefit of and be
binding upon each Party and its, heirs, successors and assigns. This Agreement
is not intended to confer any benefit upon, and may not be enforces by, anyone
other than a Party hereto (or such Party's heirs, successors or assigns.

            (g) Attorneys' Fees and Costs. If any Party
determines that it is necessary to seek enforcement of any of the terms and
provisions hereunder by a court of law, the prevailing Party, in addition to
any relief granted by the court of law, shall be entitled to recover all costs and
expenses thereof including reasonable attorneys' fees and costs.

            (h) Expenses. Except as provided herein, each of
the Parties shall be solely responsible for all of their own costs and
expenses, including accounting and legal expenses, incurred in connection with
this Agreement and the transactions contemplated herein.

[signature page
follows]

3 

Apollo Assignment, Assumption and Release Agreement - Final

            IN WITNESS WHEREOF, the parties have executed
this Assignment, Assumption and Release Agreement to be effective on the day
and year first written above.

APOLLO MEDIA NETWORK, INC., a

Delaware corporation

 

By: /s/ Kirk Kimerer

Its: CEO

 

 

/s/ Kirk Kimerer

KIRK KIMERER

____________________

JAYSON LANG

____________________

TRAVIS HAIR

____________________

RAY BILLS

____________________

MARGARET KERR

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Apollo Assignment, Assumption and Release Agreement - Final

Exhibit A

 

BILL OF SALE

(see attached)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apollo Assignment, Assumption and Release Agreement - Final

Exhibit B 

PROMISSORY NOTE

(see attached)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apollo Assignment, Assumption and Release Agreement - Final

Exhibit C

KIMERER
SUBSCRIPTION AGREEMENT

(see attached)

 

 

 

 

 

 

 

 

 

 

 

 

Apollo Assignment, Assumption and Release Agreement - Final

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