Document:

IDA 9.30.12 Ex 10.65 - IPC CF Extension

Exhibit 10.65

FIRST EXTENSION AGREEMENT
THIS FIRST EXTENSION AGREEMENT, dated as of the October 12, 2012 (this “Agreement”), is made among Idaho Power Company, an Idaho corporation (the “Borrower”), the Lenders and Wells Fargo Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”).
RECITALS
A.    The Borrower, the Lenders and the Administrative Agent are parties to that certain Second Amended and Restated Credit Agreement, dated as of October 26, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).  Capitalized terms used herein without definition shall have the meanings given to them in the Credit Agreement as they may be modified pursuant to this Agreement.
B.    The Borrower has requested a one-year extension of the Facility Termination Date pursuant to Section 2.21(a) of the Credit Agreement and the Lenders signatory hereto have approved such request pursuant to Section 2.21 of the Credit Agreement.
STATEMENT OF AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
ARTICLE I

EXTENSION

Pursuant to Section 2.21(a) of the Credit Agreement, the Borrower provided an Extension Notice to the Administrative Agent on September 19, 2012 that, if agreed to by Lenders holding more than fifty percent (50%) of the Aggregate Commitments, would extend the Facility Termination Date for a period of one year from October 26, 2016 to October 26, 2017.  As of the date hereof, Lenders (the “Consenting Lenders”) holding more than fifty percent (50%) of the aggregate amount of the Aggregate Commitments have agreed to the extension and, subject to the satisfaction of the conditions in Section 2.21(c) of the Credit Agreement, the Facility Termination Date as to the Consenting Lenders shall be extended to October 26, 2017.  Subject to the right of Borrower pursuant to Section 2.21(b) of the Credit Agreement to replace the Commitment of any Non-Consenting Lenders for the remaining duration of the Credit Agreement, the Facility Termination Date as to the Non-Consenting Lenders remains unchanged.
ARTICLE II

CONDITIONS OF EFFECTIVENESS

2.1    The extension of the Facility Termination Date pursuant to Article I shall become effective as of the date (the “Extension Date”) when, and only when, each of the following conditions precedent shall have been satisfied:

(a)The Administrative Agent (or its counsel) shall have received from the Borrower and Lenders holding more than fifty percent (50%) of the aggregate amount of the Aggregate Commitments either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic image scan transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement.

(b)The Borrower shall have paid:

(i)to the Administrative Agent, for the account of each Lender agreeing to the extension, an extension fee in the amount of 0.075% of such Lender's Commitment as of the Extension Date, which extension fee once paid will be fully earned and nonrefundable; and

(ii)all other fees and reasonable expenses of the Administrative Agent and the Lenders required under the Credit Agreement and any other Loan Document to be paid on or prior to the Extension Date (including reasonable fees and expenses of counsel) in connection with this Agreement.

(c)The Administrative Agent shall have received a certificate (the statements contained in which shall be true) of a duly authorized officer of the Borrower stating that both before and after giving effect to such extension of the Facility Termination Date (i) no Default has occurred and is continuing and (ii) all representations and warranties contained in Article 5 of the Credit Agreement are true and correct in all material respects on and as of the Extension Date, except for such representations or warranties which by their terms are made as of a specified date, which shall be true and correct as of such specified date.

ARTICLE III

ACKNOWLEDGMENT AND CONFIRMATION OF THE BORROWER
    
The Borrower hereby confirms and agrees that after giving effect to this Agreement, the Credit Agreement and the other Loan Documents remain in full force and effect and enforceable against it in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect, except as set forth in this Agreement.  The Borrower represents and warrants to the Lenders that it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the Loan Documents, or if the Borrower has any such claims, counterclaims, offsets, or defenses to the Loan Documents or any transaction related to the Loan Documents, the same are hereby waived, relinquished, and released in consideration of the execution of this Agreement.  This acknowledgment and confirmation by the Borrower is made and delivered to induce the Administrative Agent and the Lenders to enter into this Agreement.  The Borrower acknowledges that the Administrative Agent and the Lenders would not enter into this Agreement in the absence of the acknowledgment and confirmation contained herein.

ARTICLE IV
GENERAL PROVISIONS
4.1    Full Force and Effect.  Except as expressly modified hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof on the date hereof.  As used in the Credit Agreement, “hereinafter,” “hereto,” “hereof,” and words of similar import shall, unless the context otherwise requires, mean the Credit Agreement after giving effect to this Agreement.  Any reference to the Credit Agreement or any of the other Loan Documents herein or in any such documents shall refer to the Credit Agreement and Loan Documents as modified hereby.  This Agreement is limited as specified and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Credit Agreement except as expressly set forth herein.  This Agreement shall constitute a Loan Document under the terms of the Credit Agreement.

4.2    Severability of Provisions.  Any provision in this Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction. 

4.3    Counterparts.  This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart.  This Agreement shall be effective when it has been executed by the Borrower, the Administrative Agent and the Consenting Lenders and each party has notified the Administrative Agent by facsimile transmission or telephone that it has taken such action; provided that this Agreement shall not be deemed to be effective prior to the first date set forth above.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic transmission will be effective as delivery of a manually executed counterpart thereof.

4.4    Successors and Assigns.  The terms and provisions of this Agreement shall be binding upon and inure to the benefit of the Borrower and the Lenders and their respective successors and assigns.

4.5    Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York.

4.6    Expenses.  The Borrower agrees on demand (i) to pay all reasonable fees and expenses of counsel to the Administrative Agent, and (ii) to reimburse the Administrative Agent for all reasonable out-of-pocket costs and expenses, in each case, in connection with the preparation, negotiation, execution and delivery of this Agreement and the other Loan Documents delivered in connection herewith.

4.7    Construction.  The headings of the various sections and subsections of this Agreement have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof.  

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.
IDAHO POWER COMPANY, as Borrower
By:    /s/ Steven R. Keen    
Name:    Steven R. Keen
		
	Title:
	Senior Vice President-Finance and Treasurer    

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender, the Issuing Lender, the Swingline Lender and Administrative Agent
By:    /s/ Yann Blindert    
Name:    Yann Blindert
		
	Title:
	Director

JPMORGAN CHASE BANK, N.A., as Syndication Agent and as a Lender
By:    /s/ John E. Zur III    
Name:    John E. Zur III    
		
	Title:
	Authorized Officer    

KEYBANK NATIONAL ASSOCIATION
By:    /s/ Keven D. Smith
Name:    Keven D Smith    
Title:    Senior Vice President

Union Bank, N.A.
By:    /s/ Michael Agrimis
Name:    Michael Agrimis    
Title:    Vice President

BANK OF AMERICA, N.A.
By:    /s/ Stephen Maloney
Name:    Stephen Maloney    
Title:    Senior Vice President

US BANK, NATIONAL ASSOCIATION, as a lender
By:    /s/ Holland H. Williams
Name:    Holland H. Williams    
Title:    AVP & Portfolio Manager

ROYAL BANK OF CANADA
By:    /s/ Kyle E. Hoffman
Name:    Kyle E. Hoffman    
Title:    Authorized Signatory

THE BANK OF NEW YORK MELLON
By:    /s/ Mark W. Rogers
Name:    Mark W. Rogers
Title:    Vice PresidentOnline Disruptive Technologies, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN
OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN)
PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “1933 ACT”). 

NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. “UNITED STATES” AND “U.S.
PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

CONVERSION AND PARTICIPATION RIGHTS AGREEMENT
(Non-US
and Non-Canadian Subscriber)

	BETWEEN:     Online Disruptive
      Technologies, Inc. (the “Company”) 
	                         
      3120 S. Durango Dr. Suite 305, 
	                         
      Las Vegas, Nevada 89117 

AND:               
_______________________________________
(the “Subscriber”)

WHEREAS:

A.      The Subscriber has subscribed
for Ordinary shares (the “Savicell Shares”) in the capital of Savicell
Diagnostics Ltd., an Israeli company which is majority owned by the Company
(“Savicell”) for gross subscription proceeds of USD$________________(the
“Subscription Amount”) ; and

B.       The Company has agreed
to permit the Subscriber to convert the Savicell Shares into shares of the
Company (the “Company Shares”) pursuant to the terms and conditions of
this Agreement.

NOW THEREFORE this Agreement witnesses that for and in
consideration of the mutual covenants, agreements, representations and
warranties in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which is acknowledged by each party, the parties
agree as follows:

1.         Right
of Conversion

1.1      
The parties hereby agree that during the Term (as defined below), the Subscriber
may convert all (but not less than all) of its Savicell Shares into a number of
Company Shares (the “Conversion Right”) calculated as follows: 

A divided by B equals
the number of shares of the Company issued on conversion 

where 

A equals the Subscription
Amount; and

B equals 80% of the per share
pricing of the first completed Company financing of over US$500,000 conducted
after July 1, 2012 (such financing: the “Financing”). The deemed maximum
per share price of the Financing (the "Maximum Price") shall be the per
share price of the Company based on (a) an aggregate Company
equity valuation of $30,000,000; and (b) the number of common shares of the
Company outstanding at the time of Financing.

- 2 -

1.2       Subscriber may exercise
the Conversion Right during the Term by providing notice to the Company in a
form as provided by the Company and by delivering its Savicell Shares
certificate(s) to the Company. The Company (at Company’ expense) will process
the conversion notice and issue the Company Shares to the Subscriber within
seven (7) days of receipt of the conversion notice and the Savicell Share
certificates. 

1.3       The “Term” is
the period beginning on the date of this Agreement and ending on the earlier
of:

	 	(a) 	
      three years from the date of this Agreement;
and

	 	 	 
	 	(b) 	
      the Early Termination Date (defined
  below).

1.4       At any time while the
Company’s shares are listed on a United States stock exchange or quotation
system (the “Exchange”), if the average volume over a period of 30 trading days
on the Exchange totals 50,000 shares traded per day and the market
capitalization of the Company’s closing trading price on each such trading day
multiplied by the number of common shares of the Company totals a minimum of
$40,000,000, the Company may provide notice to the Subscriber that the
Subscriber’s Conversion Right will be terminated in ten (10) business days (the
“Early Termination Date”). In the event that the Company delivers such notice to
the Subscriber and the Subscriber does not exercise the Conversion Right, the
Conversion Right will have terminated on the Early Termination Date.

2.        
Right of Participation

2.1       At any time commencing
from the date of exercise of the Conversion Right by the Subscriber until a date
which is two years from the date of this Agreement, if the Company wishes to
raise financing by selling securities to the public in a non-brokered private
placement (the “Private Placement”), the Company will offer to the
Subscriber the opportunity to participate (the “Participation Right”) in
such Private Placement to the extent that the Subscriber may retain its then
currently held percentage of the outstanding Company Shares. The Company will
provide such Participation Right by way of notice in writing, indicating the
number of securities available in the Private Placement, the current number of
Company Shares outstanding and the pricing for the Private Placement. Within
three (3) business days of receipt of such notice, the Subscriber may exercise
its Participation Right by providing evidence of the number of Company Shares
that it currently owns (to a maximum of the number issued to the Subscriber
through the Conversion Right) and providing a bank draft payable to the Company
for the number of Private Placement securities Subscriber wishes to purchase.
Said funds will be held in trust by the Company pending closing of the Private
Placement, which will close based on a subscription agreement in a form to be
provided by the Company and executed by the Subscriber. In the event the
Subscriber does not exercise the Participation Right within the said 3 days or
does not otherwise execute and deliver the subscription agreement and any other
documents described in the subscription agreement, the Participation Right will
be deemed waived respecting that Private Placement. 

2.2       Company Shares issued
pursuant to the Conversion Right or the Participation Right are called the
“Securities” for the purposes of this Agreement.

3.        
Subscription 

3.1       On the basis of the
representations and warranties and subject to the terms and conditions set forth
herein, the Company hereby irrevocably agrees to issue the Securities, as duly
issued and authorized, fully paid and non-assessable shares, and deliver the
Securities, comprised of a duly and validly issued certificate representing the
Securities to the Subscriber upon due exercise of the Conversion Right or the
Participation Right.

- 3 -

4.        
 Acknowledgements and Agreements of Subscriber

4.1       The Subscriber agrees
and acknowledges that the Acknowledgements and Agreements of Subscriber must be
true and accurate at the time of exercise of the Conversion Rights or the
Participation Rights. The Subscriber acknowledges and agrees that:

	 	(a) 	
      none of the Securities have been or, except as
      contemplated herein, will be registered under the Securities Act of 1933,
      as amended (the “1933 Act”), or under any state securities or “blue
      sky” laws of any state of the United States, and, unless so registered,
      may not be offered or sold in the United States or, directly or
      indirectly, to U.S. Persons, as that term is defined in Regulation S under
      the 1933 Act (“Regulation S”), except in accordance with the
      provisions of Regulation S, pursuant to an effective registration
      statement under the 1933 Act, or pursuant to an exemption from, or in a
      transaction not subject to, the registration requirements of the 1933 Act
      and in each case only in accordance with applicable state and provincial
      securities laws;

	 	 	 
	 	(b) 	
      the Subscriber acknowledges that the Company has not
      undertaken, and will have no obligation, to register any of the Securities
      under the 1933 Act or any other securities legislation;

	 	 	 
	 	(c) 	
      the decision to execute this Agreement and acquire the
      Securities has not been based upon any oral or written representation as
      to fact or otherwise made by or on behalf of the Company and such decision
      is based entirely upon a review of any public information which has been
      filed by the Company with the Securities and Exchange Commission
      (“SEC”) in compliance, or intended compliance, with applicable
      securities legislation;

	 	 	 
	 	(d) 	
      the Subscriber and the Subscriber’s advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Company in connection with the distribution of the Securities hereunder,
      and to obtain additional information, to the extent possessed or
      obtainable without unreasonable effort or expense, necessary to verify the
      accuracy of the information about the Company;

	 	 	 
	 	(e) 	
      the books and records of the Company were available upon
      reasonable notice for inspection, subject to certain confidentiality
      restrictions, by the Subscriber during reasonable business hours at its
      principal place of business, and all documents, records and books in
      connection with the distribution of the Securities hereunder have been
      made available for inspection by the Subscriber, the Subscriber’s lawyer
      and/or advisor(s);

	 	 	 
	 	(f) 	
      all of the information which the Subscriber has provided
      to the Company is correct and complete as of the date this Agreement is
      signed, and if there should be any change in such information prior to
      this Agreement being executed by the Company, the Subscriber will
      immediately provide the Company with such information;

	 	 	 
	 	(g) 	
      the Company is entitled to rely on the representations
      and warranties of the Subscriber contained in this Agreement and the
      Subscriber will hold harmless the Company from any loss or damage it or
      they may suffer as a result of the Subscriber’s failure to correctly
      complete this Agreement;

	 	 	 
	 	(h) 	
      the Subscriber will indemnify and hold harmless the
      Company and, where applicable, its directors, officers, employees, agents,
      advisors and shareholders, from and against any and all loss, liability,
      claim, damage and expense whatsoever (including, but not limited to,
      any and all fees, costs and expenses whatsoever reasonably incurred in
      investigating, preparing or defending against any claim, lawsuit,
      administrative proceeding or investigation whether commenced or
      threatened) arising out of or based upon any representation or warranty of
      the Subscriber contained in this Agreement or in any document furnished by
      the Subscriber to the Company in connection herewith being untrue in any
      material respect or any breach or failure by the Subscriber to comply with
      any covenant or agreement made by the Subscriber to the Company in
  connection therewith;

- 4 -

	 	(i) 	
      the Company will refuse to register any transfer of the
      Securities not made in accordance with the provisions of Regulation S,
      pursuant to an effective registration statement under the 1933 Act or
      pursuant to an available exemption from the registration requirements of
      the 1933 Act and in accordance with any other applicable securities
      laws;

	 	 	 
	 	(j) 	
      the Subscriber has been advised to consult the
      Subscriber’s own legal, tax and other advisors with respect to the merits
      and risks of an investment in the Securities and with respect to
      applicable resale restrictions, and it is solely responsible (and the
      Company is not in any way responsible) for compliance
  with:

	 	(i) 	
      any applicable laws of the jurisdiction in which the
      Subscriber is resident in connection with the distribution of the
      Securities hereunder, and

	 	 	 
	 	(ii) 	
      applicable resale
restrictions;

	 	(k) 	
      the Subscriber consents to the placement of a legend on
      any certificate or other document evidencing any of the Securities to the
      effect that such securities have not been registered under the 1933 Act or
      any state securities or “blue sky” laws and setting forth or referring to
      the restrictions on transferability and sale thereof contained in this
      Agreement such legend to be substantially as
follows:

“THE SECURITIES REPRESENTED HEREBY
HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS
(AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED (THE “1933 ACT”). 

NONE OF THE SECURITIES REPRESENTED
HEREBY HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES
LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. “UNITED
STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

	 	(l) 	
      the Company has advised the Subscriber that the Company
      is relying on an exemption from the requirements to provide the Subscriber
      with a prospectus to issue the Securities and, as a consequence of
      acquiring the Securities pursuant to such exemption certain protections,
      rights and remedies provided by the applicable securities
      legislation including statutory rights of rescission or damages, will not
  be available to the Subscriber;

- 5 -

	 	(m) 	
      the statutory and regulatory basis for the exemption
      claimed for the offer and sale of the Securities, although in technical
      compliance with Regulation S, would not be available if the offering is
      part of a plan or scheme to evade the registration provisions of the 1933
      Act;

	 	 	 
	 	(n) 	
      neither the SEC nor any other securities commission or
      similar regulatory authority has reviewed or passed on the merits of any
      of the Securities and no documents in connection with the sale of the
      Securities hereunder have been reviewed by the SEC or any state securities
      administrators;

	 	 	 
	 	(o) 	
      there is no government or other insurance covering any of
      the Securities; and

	 	 	 
	 	(p) 	
      this Agreement is not enforceable by the Subscriber
      unless it has been accepted by the Company.

5.        
Representations, Warranties and Covenants of the
Subscriber

5.1       The Subscriber hereby
represents and warrants to and covenants with the Company (which
representations, warranties and covenants shall survive the Closing) that:

	 	(a) 	
      the Subscriber is not a U.S. Person and the Subscriber is
      not acquiring the Securities for the account or benefit of, directly or
      indirectly, any U.S. Person;

	 	 	 
	 	(b) 	
      the Subscriber is resident in the jurisdiction set out
      under the heading “Name and Address of Subscriber” on the signature page
      of this Agreement;

	 	 	 
	 	(c) 	
      it has the legal capacity and competence to enter into
      and execute this Agreement and to take all actions required pursuant
      hereto and, if the Subscriber is a corporate entity, it is duly
      incorporated and validly subsisting under the laws of its jurisdiction of
      incorporation and all necessary approvals have been obtained to authorize
      execution and performance of this Agreement on behalf of the
      Subscriber;

	 	 	 
	 	(d) 	
      the Subscriber is a resident of an International
      Jurisdiction (which is defined herein to mean a country other than Canada
      or the United States) and the Subscriber on its own behalf and, if
      applicable on behalf of others for whom it is hereby acting
  that:

	 	(i) 	
      the Subscriber is knowledgeable of, or has been
      independently advised as to, the International Securities Laws (which is
      defined herein to mean, in respect of each and every offer or sale of
      Securities, any securities laws having application to the Subscriber and
      the purchase of the Securities other than the laws of Canada and the
      United States and all regulatory notices, orders, rules, regulations,
      policies and other instruments incidental thereto) which would apply to
      this subscription, if any;

	 	 	 
	 	(ii) 	
      the Subscriber is purchasing the Securities pursuant to
      an applicable exemption from any prospectus, registration or similar requirements under the
      International Securities Laws of that International Jurisdiction, or, if
      such is not applicable, the Subscriber is permitted to purchase the
      Securities under the International Securities Laws of the International
  Jurisdiction without the need to rely on exemptions;

- 6 -

	 	(iii) 	
      the subscription by the Subscriber does not contravene
      any of the International Securities Laws applicable to the Subscriber and
      the Issuer and does not give rise to any obligation of the Issuer to
      prepare and file a prospectus or similar document or to register the
      Securities or to be registered with any governmental or regulatory
      authority;

	 	 	 
	 	(iv) 	
      the International Securities Laws do not require the
      Issuer to make any filings or seek any approvals of any kind whatsoever
      from any regulatory authority of any kind whatsoever in the International
      Jurisdiction; and

	 	 	 
	 	(v) 	
      the Securities are being acquired for investment purposes
      only and not with a view to resale and distribution, and the distribution
      of the Securities to the Subscriber by the Company complies with all
      International Securities Laws;

	 	(e) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or, if the Subscriber is a corporate
      entity, the constating documents of, the Subscriber or of any agreement,
      written or oral, to which the Subscriber may be a party or by which the
      Subscriber is or may be bound;

	 	 	 
	 	(f) 	
      the Subscriber has duly executed and delivered this
      Agreement and it constitutes a valid and binding agreement of the
      Subscriber enforceable against the Subscriber;

	 	 	 
	 	(g) 	
      the Subscriber has received and carefully read this
      Agreement;

	 	 	 
	 	(h) 	
      the Subscriber is acquiring the Securities as principal
      for investment only and not with a view to resale or
  distribution;

	 	 	 
	 	(i) 	
      the Subscriber is aware that an investment in the Company
      is speculative and involves certain risks, including the possible loss of
      the entire investment;

	 	 	 
	 	(j) 	
      the Subscriber has made an independent examination and
      investigation of an investment in the Securities and the Company and has
      depended on the advice of its legal and financial advisors;

	 	 	 
	 	(k) 	
      the Subscriber (i) has adequate net worth and means of
      providing for its current financial needs and possible personal
      contingencies, (ii) has no need for liquidity in this investment, and
      (iii) is able to bear the economic risks of an investment in the
      Securities for an indefinite period of time;

	 	 	 
	 	(l) 	
      the Subscriber (i) is able to fend for itself; (ii) has
      such knowledge and experience in business matters as to be capable of
      evaluating the merits and risks of its prospective investment in the
      Securities; and (iii) can afford the complete loss of such
  investment;

- 7 -

	 	(m) 	
      the Subscriber is outside the United States when
      receiving and executing this Agreement;

	 	 	 
	 	(n) 	
      the Subscriber is not an underwriter of, or dealer in,
      the common shares of the Company, nor is the Subscriber participating,
      pursuant to a contractual agreement or otherwise, in the distribution of
      the Securities;

	 	 	 
	 	(o) 	
      the Subscriber is not aware of any advertisement of any
      of the Securities and is not acquiring the Securities as a result of any
      form of general solicitation or general advertising including
      advertisements, articles, notices or other communications published in any
      newspaper, magazine or similar media or broadcast over radio or
      television, or any seminar or meeting whose attendees have been invited by
      general solicitation or general advertising;

	 	 	 
	 	(p) 	
      others will rely upon the truth and accuracy of the
      representations and warranties contained in this Section 5.1 and agrees
      that if such representations and warranties are no longer accurate or have
      been breached, the Subscriber shall immediately notify the Company;
    and

	 	 	 
	 	(q) 	
      the Subscriber has provided to the Company, along with an
      executed copy of this Agreement:, and such other supporting documentation
      that the Company or its legal counsel may request to establish the
      Subscriber’s qualification as a qualified
investor.

5.2       In this Agreement, the
term “U.S. Person” shall have the meaning ascribed thereto in Regulation S
promulgated under the 1933 Act and for the purpose of the Agreement includes any
person in the United States.

6.       
 Acknowledgement and Waiver

6.1       The Subscriber has
acknowledged that the decision to acquire the Securities was solely made on the
basis of publicly available information. 

7.        
Resale Restrictions

7.1       The Subscriber
acknowledges that any resale of the Securities will be subject to resale
restrictions contained in the securities legislation applicable to the
Subscriber or proposed transferee. The Subscriber acknowledges that none of the
Securities have been registered under the 1933 Act or the securities laws of any
state of the United States. None of the Securities may be offered or sold in the
United States unless registered in accordance with United States federal
securities laws and all applicable state and provincial securities laws or
exemptions from such registration requirements are available.

8.        
Legending and Registration of Subject Securities

8.1       The Subscriber hereby
acknowledges that a legend may be placed on the certificates representing the
Securities to the effect that the Securities represented by such certificates
are subject to a hold period and may not be traded until the expiry of such hold
period except as permitted by applicable securities legislation.

8.2       The Subscriber hereby
acknowledges and agrees to the Company making a notation on its records or
giving instructions to the registrar and transfer agent of the Company in order
to implement the restrictions on transfer set forth and described in this
Agreement.

- 8 -

9.       
 Costs

9.1       Each party shall bear
its own costs and expenses (including any fees and disbursements of any counsel
retained by such party) relating to the issuance of the Securities and the other
transactions contemplated by this Agreement.

10.       
Governing Law

10.1       This Subscription
Agreement is governed by the laws of the State of Nevada.

11.       
Survival

11.1      This Agreement,
including without limitation the representations, warranties and covenants
contained herein, shall survive and continue in full force and effect and be
binding upon the parties hereto notwithstanding the completion of the purchase
of the Securities by the Subscriber pursuant hereto.

12.       
Assignment

12.1      This Agreement is not
transferable or assignable.

13.      
 Severability

13.1      The invalidity or
unenforceability of any particular provision of this Agreement shall not affect
or limit the validity or enforceability of the remaining provisions of this
Agreement.

14.       
Entire Agreement

14.1      Except as expressly
provided in this Agreement and in the agreements, instruments and other
documents contemplated or provided for herein, this Agreement contains the
entire agreement between the parties with respect to the sale of the Securities
and there are no other terms, conditions, representations or warranties, whether
expressed, implied, oral or written, by statute or common law, by the Company or
by anyone else.

15.       
Notices

15.1      All notices and other
communications hereunder shall be in writing and shall be deemed to have been
duly given if mailed or transmitted by any standard form of telecommunication.
Notices to the Subscriber shall be directed to the address on the signature page
of this Agreement and notices to the Company shall be directed to it at 3120 S.
Durango Dr. Suite 305, Las Vegas, Nevada 89117, or to Savicell (at
______________________________________).

16.       
Counterparts and Electronic Means

16.1      This Agreement may be
executed in any number of counterparts, each of which, when so executed and
delivered, shall constitute an original and all of which together shall
constitute one instrument. Delivery of an executed copy of this Agreement by
electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy will be deemed to be execution and delivery
of this Agreement as of the date hereinafter set forth.

- 9 -

IN WITNESS WHEREOF the Subscriber has duly executed this
Agreement as of the date of acceptance by the Company.

	 	 

	 	(Name of Subscriber – Please type or print)
  
	 	 
 
	 	(Signature and, if applicable, Office) 
	 	 
 
	 	(Address of Subscriber) 
	 	 
 
	 	(City, Postal Code of Subscriber) 
	 	 
 
	 	(Country of Subscriber) 
	 	 
 
	 	(Email Address) 
	 	 
 
	 	(Telephone Number) 

DATED at Nevada, the _______day of _________________, 2012.

ONLINE DISRUPTIVE TECHNOLOGIES, INC.

Per: 
___________________________________
       
Authorized Signatory

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