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  Exhibit 10.17    
    

 
 

STANDSTILL AGREEMENT    
    

        This AGREEMENT (this "Agreement") is made and entered into as
of                        , 2009,
by and among DIRECTV, a Delaware corporation (the "Company"), on the one hand, and each of John C. Malone
("JCM"), Leslie Malone ("LM"), The Tracy L. Neal Trust A (the
"Tracy Trust") and The Evan D. Malone Trust A (such trust, collectively with JCM, LM and the Tracy Trust, the
"Malones" and each individually, a "Malone"), on the other hand. 

RECITALS 

        WHEREAS,
on May 4, 2009, the DIRECTV Group, Inc. ("DIRECTV") and Liberty Media Corporation
("Liberty Media"), announced that they, together with certain affiliated entities, had entered into an Agreement and Plan of Merger, dated as of
May 3, 2009, as amended (the "Merger Agreement"), to combine, subject to the terms and conditions thereof, DIRECTV with Liberty
Entertainment, Inc. ("LEI"), a wholly owned subsidiary of Liberty Media, to form the Company; 

        WHEREAS,
in connection with the transactions contemplated by the Merger Agreement each of the Malones will, among other things, receive shares of Holdings Class A Common Stock (as
defined in the Merger Agreement); 

        WHEREAS,
between May 12, 2009 and May 19, 2009, four proposed shareholder class actions (the "Delaware Actions") were filed
in the Court of Chancery in the State of Delaware (the "Court") against DIRECTV, Liberty Media, LEI and certain present and former members of the board
of directors of DIRECTV (collectively, the "Defendants"), alleging that the Defendants breached their fiduciary duties, or aided and abetted the breach
of fiduciary duties owed by other Defendants, to DIRECTV and its unaffiliated shareholders, in connection with the negotiation and execution of the Merger Agreement; 

        WHEREAS,
on May 22, 2009, the Court consolidated the Delaware Actions under the caption In re The DIRECTV Group Inc., Shareholder
Litig., Consolid. C.A. No. 4581-VCP (the "Action"); 

        WHEREAS,
the parties to the Action, by their respective counsel, have entered into a certain Stipulation and Agreement of Compromise, Settlement and Release (the
"Stipulation"), dated September [            ], 2009, a copy of which is attached hereto as Exhibit A; and 

        WHEREAS,
in connection with the settlement of the Action pursuant to the Stipulation, the parties hereto have agreed that at the time of the closing of the transactions contemplated by
the Merger Agreement the Company and the Malones will enter into this Agreement which restricts the Malones from making certain purchases or other acquisitions of additional shares of Holdings
Class A Common Stock. 

AGREEMENTS 

        In
consideration of the foregoing and the mutual agreements and covenants 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.    Definitions.    For purposes of this Agreement, capitalized terms used and not defined herein will have the
respective meanings ascribed to them in the Merger Agreement. Terms defined in the singular shall have the same meanings when used in the plural and vice versa. 

        2.    Standstill.    

        (a)   Each
Malone agrees, severally for himself, herself or itself and not jointly with any other Malone, that during the period commencing from and after the Merger Effective
Time and ending on the termination of this Agreement pursuant to Section 4, he, she or it will not purchase or otherwise acquire any shares of Holdings Class A Common Stock other than a
purchase or other 

 

acquisition
that is a Permitted Acquisition. For the purposes of this Agreement, each of the following acquisitions of shares of Holdings Class A Common Stock by a Malone will be deemed a
"Permitted Acquisition": 

          (i)  any
acquisition of shares of Holdings Class A Common Stock from the Company pursuant to the Merger Agreement; 

         (ii)  any
acquisition of shares of Holdings Class A Common Stock from another Malone; 

        (iii)  any
acquisition of shares of Holdings Class A Common Stock pursuant to the grant, exercise or vesting of any equity incentive awards; 

        (iv)  any
acquisition of shares of Holdings Class A Common Stock as a result of any stock dividend, stock split or other distribution so long as such dividend or
distribution is made on a pro rata basis to all holders of Holdings Common Stock; 

         (v)  any
acquisition of shares of Holdings Class A Common Stock pursuant to the exercise of any rights, warrants or other securities issued or distributed to all
holders of Holdings Common Stock on a pro rata basis; 

        (vi)  any
acquisition of shares of Holdings Class A Common Stock received in exchange for shares of Holdings Class B Common Stock so long as the aggregate
voting power of the Malones, collectively, does not increase as a result of such exchange; 

       (vii)  any
acquisition of shares of Holdings Class A Common Stock upon the redemption of shares of Holdings Class B Common Stock following the death of JCM in
accordance with the provisions of the
certificate of incorporation of the Company, as amended in accordance with Section 1.5(c) of the Merger Agreement; and 

      (viii)  commencing
on the first anniversary of the Split-Off Effective Time, any acquisition of shares of Holdings Class A Common Stock (in open market
transactions or otherwise) in an amount not to exceed a number of shares equal to 1.0% of the number of shares of Holdings Common Stock outstanding (on a fully diluted basis) immediately following the
Merger Effective Time (with such number of shares to be subject to adjustment to reflect the effects of stock splits, reverse splits, stock dividends and similar events occurring after the Merger
Effective Time); provided, that the Malones will not acquire more than 50% of the number of shares permitted to be acquired pursuant to this
clause (viii) prior to the second anniversary of the Split-Off Effective Time; and provided,  further, that shares acquired by any Malone pursuant to
clauses (i) through (vii) above will not be counted against acquisitions permitted
pursuant to this clause (viii). 

        3.    Representations and Warranties.    The Company, on the one hand, and each of the Malones, severally and not
jointly, on the other hand, hereby represents and warrants to the other as follows: 

        (a)   Such
party has the legal right and all requisite power and authority to make and enter into this Agreement and to perform his, her or its obligations hereunder and
comply with the provisions hereof. If such party is other than a natural person, the execution, delivery and performance of this Agreement by such party has been duly authorized by all necessary
corporate, trust or other action on its part. This Agreement has been duly executed and delivered by such party and constitutes the valid and binding obligation of such party enforceable against him,
her or it in accordance with its terms except as enforcement may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally and except that the
availability of equitable remedies, including specific performance, is subject to the discretion of the court before which any proceeding therefor may be brought; 

2

 

        (b)   The
execution, delivery and performance of this Agreement by such party, and the compliance by such party with the provisions hereof, do not and will not (with or
without notice or lapse of time, or both) conflict with, or result in any violation of, or default under, or give rise to any right of termination, cancellation or acceleration of any obligation or to
loss of a material benefit under, any loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise, license, judgment, order, decree,
statute, law, ordinance, rule or regulation applicable to such party or any of his, her or its properties or assets, other than any such conflicts, violations, defaults, or other effects which,
individually or in the aggregate, do not and will not prevent, restrict or impede such party's performance of his, her or its obligations under and compliance with the provisions of this Agreement. If
such party is other than a natural person, the execution, delivery and performance of and compliance with this Agreement by it does not and will not
contravene its certificate of incorporation, by-laws, trust agreement or other organizational document currently in effect or, in the case of the Company, those contemplated by the Merger
Agreement to be in effect after the Closing; and 

        (c)   No
consent, approval, order or authorization of, or registration, declaration or filing with, any governmental or regulatory authority or any other person is required by
such party in connection with the execution, delivery or performance of this Agreement by such party, other than as may be required under applicable Federal and state securities laws. 

        4.    Termination.    

        (a)   This
Agreement will continue in full force and effect until the earliest to occur of (i) such time as the Malones in the aggregate do not own shares of Holdings
Class B Common Stock entitling them to vote at least 10% of the combined voting power of the Holdings Class A Common Stock and the Holdings Class B Common Stock;
(ii) 5 p.m. Eastern Time on the Business Day immediately preceding the third anniversary of the Mergers; (iii) the death of JCM and (iv) June 30, 2010 in the event the
Effective Date (as such term is defined in the Stipulation) has not occurred prior to such date. 

        (b)   Upon
the termination or expiration of this Agreement as provided herein, all of the covenants and agreements set forth in this Agreement applicable to any party shall
terminate and be of no further force and effect. 

        5.    Miscellaneous.    

        (a)    Remedies.    The parties agree that irreparable damage would occur in the event that any of the provisions of
this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to
prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement. 

        (b)    Expenses.    Except as otherwise expressly provided in this Agreement, all costs and expenses incurred in
connection with the transactions contemplated by this Agreement shall be paid by the party incurring such costs and expenses. 

        (c)    Governing Law.    This Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware. 

        (d)    Jurisdiction.    All actions and proceedings arising out of or relating to this Agreement shall be heard and
determined in the Court of Chancery of the State of Delaware, or, if the Court of Chancery lacks subject matter jurisdiction, in any federal court sitting in the State of Delaware, and the parties
hereto hereby irrevocably submit to the exclusive jurisdiction of such courts (and, in the case of appeals, appropriate appellate courts therefrom) in any such action or proceeding and irrevocably
waive the defense of an inconvenient forum to the maintenance of any such action 

3

 

or
proceeding. The consents to jurisdiction set forth in this paragraph shall not constitute general consents to service of process in the State of Delaware and shall have no effect for any purpose
except as provided in this paragraph and shall not be deemed to confer rights on any Person other than the parties hereto. The parties hereto agree that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by applicable Law. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT. 

        (e)    Assignment; Successors.    Neither this Agreement nor any of the rights, interests or obligations hereunder
shall be assigned or delegated in whole or in part, by operation of Law, or otherwise, by any of the parties without the prior written consent of the other parties. Subject to the preceding sentence,
this Agreement shall inure to the benefit of, and be enforceable by, a successor to the Company only in the event that (i) such successor entity results from a merger involving the Company,
(ii) the stockholders of the Company immediately prior to any such merger are the sole stockholders of such successor immediately after such merger, and (iii) the rights, privileges and
preferences of the respective classes of common stock received by holders of Holdings Class A Common Stock and Holdings Class B Common Stock in such merger are, in all material respects,
the same as the rights, privileges and preferences of the Holdings Class A Common Stock and Holdings Class B Common Stock, respectively, held by such persons immediately prior to such
merger. 

        (f)    Descriptive Headings.    Headings of Sections and subsections of this Agreement are for convenience of the
parties only, and shall be given no substantive or interpretive effect whatsoever. 

        (g)    Entire Agreement; No Third-Party Beneficiaries.    This Agreement constitutes the entire agreement among the
parties, and supersedes all other prior agreements and understandings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof and thereof;  provided, that
nothing herein will be deemed to affect the validity of or the obligations of the parties under the Voting and Right of First Refusal
Agreement, dated as of May 3, 2009, as amended, by and among LEI, DIRECTV, the Company and each of the Malones. Nothing in this Agreement shall be construed as giving any person, other than the
parties hereto and as provided in Section 5(e) any right, remedy or claim under or in respect of this Agreement or any provision hereof. 

        (h)    Notices.    All notices, requests and other communications to any party hereunder shall be in writing and shall
be deemed given if delivered personally, facsimiled (which is confirmed) or sent by overnight courier (providing proof of delivery) to the parties at the following addresses: 

If
to any Malone, to: 

John C.
Malone or Leslie A. Malone

c/o Liberty Media Corporation

12300 Liberty Boulevard

Englewood, CO 80112

Facsimile: (720) 875-5401 

with
a copy (which shall not constitute notice) to: 

Baker
Botts L.L.P.

30 Rockefeller Plaza

New York, NY 10112

Attention: Frederick H. McGrath

Facsimile: (212) 259-2530 

4

 

If
to the Company to: 

The
DIRECTV Group, Inc.

2230 East Imperial Highway

El Segundo, CA 90245

Attention: Larry D. Hunter

General Counsel

Facsimile: (310) 964-0838 

with
a copy (which shall not constitute notice) to: 

Weil,
Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153

Attention:  Frederick S. Green

                    Michael E. Lubowitz

Facsimile: (212) 310-8007 

with
a copy (which shall not constitute notice) to: 

Simpson
Thacher & Bartlett LLP

425 Lexington Avenue

New York, NY 10017

Attention:  Richard I. Beattie

                    Marni J. Lerner

                    Kathryn King Sudol

Facsimile: (212) 455-2502 

or
such other address or facsimile number as such party may hereafter specify by like notice to the other parties hereto. All such notices, requests and other communications shall be deemed received
on the date of receipt by the recipient thereof if received prior to 5 p.m. in the place of receipt and such day is a business day in the place of receipt. Otherwise, any such notice, request
or communication shall be deemed not to have been received until the next succeeding business day in the place of receipt. 

        (i)    Amendments and Waivers.    The provisions of this Agreement, including the provisions of this sentence, may not
be amended or modified, unless (i) approved in writing by (A) each of the Malones and (B) the Company, and (ii) approved by either (A) the board of directors of the
Company (including the unanimous approval of the Qualifying Directors (as such term is defined in the by-laws of the Company attached as Exhibit A-2 to the Merger
Agreement)) or (B) the holders of a majority of the outstanding shares of the Holdings Class A Common Stock (other than any such shares held by the Malones). 

        (j)    No Implied Waivers.    No action taken pursuant to this Agreement, including any investigation by or on behalf
of any party, shall be deemed to constitute a waiver by the party taking such action of compliance with any representations, warranties, covenants or agreements contained herein or made pursuant
hereto. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any preceding or succeeding breach and no failure by any party to
exercise any right or privilege hereunder shall be deemed a waiver of such party's rights or privileges hereunder or shall be deemed a waiver of such party's rights to exercise the same at any
subsequent time or times hereunder. 

        (k)    Interpretation.    When a reference is made in this Agreement to a Section, Exhibit or Schedule, such reference
shall be to a Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes 

5

 

only
and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words "include", "includes" or "including" are used in this Agreement, they shall be deemed to be
followed by the words "without limitation". The words "hereof", "herein" and "hereunder" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement. 

        (l)    Counterparts.    This Agreement may be executed in counterparts (each of which shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement) and shall become effective when one or more counterparts have been signed by each of the parties and delivered to
the other parties. 

[Remainder of page intentionally left blank.]

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

							
	 	 	DIRECTV
	

 	
 	
 By:	
 	
 

 
	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 
	

 	
 	
  

  JOHN C. MALONE, individually
	

 	
 	
 

  LESLIE MALONE, individually
	

 	
 	
TRACY L. NEAL TRUST A
	

 	
 	
 By:	
 	
 

 
	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 
	

 	
 	
EVAN D. MALONE TRUST A
	

 	
 	
 By:	
 	
  

 
	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 

[Signature
Page to Standstill Agreement] 

   List of Omitted Exhibit  

        The following exhibit to the Standstill Agreement, dated as of [            ], by and among John C.
Malone, Leslie Malone, The Tracy L. Neal Trust A, The Evan D. Malone Trust A, and DIRECTV have not been provided herein: 

Exhibit A:
Stipulation and Agreement of Compromise, Settlement and Release 

        The
undersigned registrant hereby undertakes to furnish supplementally a copy of the omitted exhibit to the Securities and Exchange Commission upon request. 

QuickLinks

Exhibit 10.17

STANDSTILL AGREEMENTFiled by sedaredgar.com - Technology Publishing, Inc. - Exhibit 10.1

SHARE EXCHANGE AGREEMENT

THIS AGREEMENT is made effective as of the 28th day of
September, 2009

AMONG:

TECHNOLOGY PUBLISHING, INC., a
Nevada corporation, having an 
address at 10 Van Stassen Blvd., Toronto,
Ontario, Canada M6S 2N3

(“Pubco”)

AND:

WESTSIDE PUBLISHING LTD., an
Ontario corporation, having an 
address at 10 Van Stassen Blvd., Toronto,
Ontario, Canada M6S 2N3

(the “Pubco Subsidiary”)

AND:

NEXAIRA INC., an Alberta
corporation, having an address c/o 1404 – 510 
West Hastings Street,
Vancouver, British Columbia, Canada V6B 1L8

(“Priveco”)

AND:

NEXAIRA, INC., a California
corporation, having an address at 6650 Lusk Boulevard, 
Suite B203, San
Diego, California, USA

(the “Priveco Subsidiary”)

AND:

THE UNDERSIGNED SHAREHOLDERS OF
PRIVECO as listed 
on Schedule 1 attached hereto

(the “Selling
Shareholders”)

AND:

0793296 BC LTD., a British
Columbia corporation, having an address at 
1404 – 510 West Hastings Street,
Vancouver, British Columbia, Canada 
V6B 1L8

(the “Debt Holder”)

AND:

885084 ALBERTA INC., an Alberta
corporation having an address at 
3300 - 421 7th Avenue SW, Calgary Alberta
T2P 4K9

(together with the Debt Holder, the
“Warrant Holders”)

- 2 -

WHEREAS:

A. The Selling Shareholders are the registered and/or
beneficial owners of all of the issued and outstanding common shares in the
capital of Priveco;

B. The Warrant Holders are the registered and beneficial owners
of all of the outstanding warrants of Priveco;

C. Pubco has made an offer to: (i) issue a total of 15,489,262
common shares in the capital of Pubco to the Selling Shareholders as
consideration for the acquisition by Pubco of all of the issued and outstanding
common shares of Priveco held by the Selling Shareholders; and (ii) issue
1,575,000 warrants of Pubco to the Warrant Holders as consideration for the
surrender by the Warrant Holders of all of the outstanding warrants of Priveco;

D. Upon the terms and subject to the conditions set forth in
this Agreement, (i) the Selling Shareholders have agreed to sell all of the
issued and outstanding common shares of Priveco held by the Selling Shareholders
to Pubco in exchange for common shares of Pubco; and (ii) the Warrant Holders
have agreed to exchange all of the warrants of Priveco held by the Warrant
Holders to Pubco in exchange for warrants of Pubco; and

E. Priveco is indebted to the Debt Holder in the amount of
$1,950,000 pursuant to the terms of a convertible debenture and Pubco has agreed
to assume a portion of Priveco’s obligations with respect to this amount,
subject to the terms and conditions of this Agreement.

THEREFORE, in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged), the parties covenant
and agree as follows:

1. DEFINITIONS

1.1 Definitions. The following terms have the following
meanings, unless the context indicates otherwise:

	 	(a) 	
      “Agreement” means this Agreement, and all the
      schedules and other documents attached to or referred to in this
      Agreement, and all amendments and supplements, if any, to this
      Agreement;

	 	 	 
	 	(b) 	
      “Closing” means the completion of the Transaction,
      in accordance with Section 8.16 hereof, at which the Closing Documents
      shall be exchanged by the parties, except for those documents or other
      items specifically required to be exchanged at a later time;

	 	 	 
	 	(c) 	
      “Closing Date” means September 29, 2009 or such
      other date as is mutually agreed upon by Pubco and Priveco in writing in
      accordance with Section 12.6 following the satisfaction or waiver by Pubco
      and Priveco of the conditions precedent set out in Sections 6.1 and 6.2
      respectively;

	 	 	 
	 	(d) 	
      “Closing Documents” means the papers, instruments
      and documents required to be executed and delivered at the Closing
      pursuant to this Agreement;

	 	 	 
	 	(e) 	
      “FINRA” means the Financial Industry Regulatory
      Authority;

- 3 -

	 	(f) 	
      “GAAP” means United States generally accepted
      accounting principles applied in a manner consistent with prior
      periods;

	 	 	 
	 	(g) 	
      “Liabilities” includes any direct or indirect
      indebtedness, guaranty, endorsement, claim, loss, damage, deficiency,
      cost, expense, obligation or responsibility, fixed or unfixed, known or
      unknown, asserted choate or inchoate, liquidated or unliquidated, secured
      or unsecured;

	 	 	 
	 	(h) 	
      “Material Adverse Effect”, when used in connection
      with an entity, means any change (including a decision to implement such a
      change made by the entity’s board of directors or by its senior management
      who believe that confirmation of the decision by the board of directors is
      probable), event, violation, inaccuracy, circumstance or effect that is
      materially adverse to the business, assets (including intangible assets),
      liabilities, capitalization, ownership, financial condition or results of
      operations of such entity or subsidiaries taken as a whole;

	 	 	 
	 	(i) 	
      “Option Holders” means, collectively, the holders
      of Priveco Options and “Option Holder” means any one of
  them;

	 	 	 
	 	(j) 	
      “Person” means any individual, partnership, firm,
      corporation, limited liability company, association, trust, unincorporated
      organization or other entity;

	 	 	 
	 	(k) 	
      “Private Placement” has the meaning set forth in
      Section 6.2(d) hereto;

	 	 	 
	 	(l) 	
      “Priveco Debenture” means the convertible
      debenture dated June 19, 2007 and amendments thereto having a current
      outstanding principal amount of $1,950,000, issued by Priveco to the Debt
      Holder;

	 	 	 
	 	(m) 	
      “Priveco Disclosure Letter” means the letter of
      even date herewith delivered by Priveco to Pubco with respect to certain
      matters in this Agreement;

	 	 	 
	 	(n) 	
      “Priveco Options” means, collectively, the
      outstanding options to purchase 5,445,162 common shares of Priveco, being
      all of the outstanding and unexercised options of Priveco;

	 	 	 
	 	(o) 	
      “Priveco Security Holders” means, collectively,
      the Selling Shareholders, the Warrant Holders, the Option Holders and the
      Debt Holder, and “Priveco Security Holder” means any one of
      them;

	 	 	 
	 	(p) 	
      “Priveco Securities” means, collectively, the
      Priveco Shares, Priveco Options and Priveco Warrants and the Priveco
      Debenture, as applicable;

	 	 	 
	 	(q) 	
      “Priveco Shares” means, collectively, all of the
      issued and outstanding common shares of Priveco;

	 	 	 
	 	(r) 	
      “Priveco Warrants” means, collectively, the
      900,000 outstanding warrants of Priveco, each of which entitles the
      Warrant Holders to purchase one common share of Priveco, being all of the
      outstanding and unexercised warrants of Priveco;

	 	 	 
	 	(s) 	
      “Pubco Debt” means the $1,600,000 of the principal
      amount of the Priveco Debenture to be assumed from Priveco by Pubco at
      Closing;

- 4 -

	 	(t) 	
      “Pubco Debt Shares” means the 19,250,000 fully
      paid and non-assessable shares of Pubco Common Stock (as defined herein)
      to be issued to the Debt Holder subsequent to the Closing upon the
      conversion of the Pubco Debt;

	 	 	 
	 	(u) 	
      “Pubco Disclosure Letter” means the letter of even
      date herewith delivered by Pubco to Priveco with respect to certain
      matters in this Agreement;

	 	 	 
	 	(v) 	
      “Pubco Options” means, collectively, the 9,529,034
      options of Pubco, to be issued to the Option Holders by Pubco on the
      Closing Date;

	 	 	 
	 	(w) 	
      “Pubco Securities” means, collectively, the Pubco
      Shares, Pubco Options, Pubco Warrants and the Pubco Debt Shares, as
      applicable;

	 	 	 
	 	(x) 	
      “Pubco Shares” means, collectively, the 15,489,262
      fully paid and non-assessable common shares of Pubco to be issued to the
      Selling Shareholders by Pubco on the Closing Date;

	 	 	 
	 	(y) 	
      “Pubco Warrants” means the 1,575,000 warrants of
      Pubco, to be issued to the Warrant Holders by Pubco on the Closing
      Date;

	 	 	 
	 	(z) 	
      “SEC” means the Securities and Exchange
      Commission;

	 	 	 
	 	(aa) 	
      “Securities Act” means the United States
      Securities Act of 1933, as amended;

	 	 	 
	 	(bb) 	
      “Taxes” includes international, federal, state,
      provincial and local income taxes, capital gains tax, value-added taxes,
      franchise, personal property and real property taxes, levies, assessments,
      tariffs, duties (including any customs duty), business license or other
      fees, sales, use and any other taxes relating to the assets of the
      designated party or the business of the designated party for all periods
      up to and including the Closing Date, together with any related charge or
      amount, including interest, fines, penalties and additions to tax, if any,
      arising out of tax assessments; and

	 	 	 
	 	(cc) 	
      “Transaction” means the: (i) purchase of the
      Priveco Shares by Pubco from the Selling Shareholders in consideration for
      the issuance of the Pubco Shares; (ii) exchange of the Priveco Options
      held by the Option Holders for the Pubco Options; (iii) exchange of the
      Priveco Warrants held by the Warrant Holders for the Pubco Warrants; and
      (iv) assumption of the Priveco Debenture and the subsequent conversion of
      the Pubco Debt into the Pubco Debt Shares.

1.2 Schedules. The following schedules are attached to
and form part of this Agreement:

	Schedule 1 	– 	Selling
      Shareholders 
	Schedule 2 	– 	Warrant Holders 
	Schedule 3 	– 	Certificate of
      Non-U.S. Shareholder 
	Schedule 4 	– 	Certificate of U.S. Shareholder
    
	Schedule 5 	– 	Directors and
      Officers of Priveco 
	Schedule 6 	– 	Directors and Officers of Pubco
    

1.3 Currency. All references to currency referred to in
this Agreement are in United States Dollars (US$), unless expressly stated
otherwise.

- 5 -

1.4 Definition of Knowledge. In this Agreement:

	(a) 	
      an individual will be deemed to have “knowledge” of a
      particular fact or matter if:

	 	 	 
		(i) 	
      such individual is actually aware of such fact or matter,
      or

	 	 	 
		(ii) 	
      a prudent individual could be expected to discover or
      otherwise become aware of such fact or matter in the course of conducting
      a reasonably comprehensive investigation concerning the existence of such
      fact or matter, and

	 	 	 
	(b) 	
      a Person other than an individual will be deemed to have
      “knowledge” of a particular fact or matter if any individual who is
      serving as a senior officer of such Person (or in any similar capacity)
      has, or at any time had, knowledge of such fact or
  matter.

2. THE OFFER, PURCHASE AND SALE OF PRIVECO
SECURITIES

2.1 Offer, Purchase and Sale of Priveco Shares. Subject
to the terms and conditions of this Agreement, Pubco hereby irrevocably offers
to acquire all of the issued and outstanding Priveco Shares and the Selling
Shareholders hereby covenant and irrevocably agree to sell, assign and transfer
to Pubco, and Pubco hereby irrevocably covenants and agrees to purchase from the
Selling Shareholders, all of the Priveco Shares held by the Selling
Shareholders.

2.2 Consideration. As consideration for the Priveco
Shares to be acquired by Pubco pursuant to the terms of this Agreement, Pubco
shall allot and issue the Pubco Shares to the Selling Shareholders in the amount
set out opposite each Selling Shareholder’s name in Schedule 1 on the basis of
one and three quarter (1.75) Pubco Shares for each one (1) Priveco Share held by
each Selling Shareholder. The Selling Shareholders acknowledge and agree that
the Pubco Shares are being issued pursuant to an exemption from the prospectus
and registration requirements of the Securities Act. As required by applicable
securities law, the Selling Shareholders agree to abide by all applicable resale
restrictions and hold periods imposed by all applicable securities legislation.
All certificates representing the Pubco Shares issued on Closing will be
endorsed with one of the following legends pursuant to the Securities Act in
order to reflect the fact that the Pubco Shares will be issued to the Selling
Shareholders pursuant to an exemption from the registration requirements of the
Securities Act:

For the Selling Shareholders not resident in the United
States:

	 	
      “THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN
      AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (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, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY,
      IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS 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. “UNITED STATES” AND
      “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT. 
	

- 6 -

	 	
      UNLESS OTHERWISE PERMITTED UNDER SECURITIES LEGISLATION,
      THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY IN OR FROM BRITISH
      COLUMBIA UNLESS THE CONDITIONS IN SECTION 12(2) OF BC INSTRUMENT 51-509
      ISSUERS QUOTED IN THE U.S. OVER-THE-COUNTER MARKET ARE MET.” 
	 

For the Selling Shareholders resident in the United States:

	 	
      “NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
      REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
      “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
      MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
      (AS DEFINED HEREIN) OR TO U.S. PERSONS 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. “UNITED STATES” AND “U.S. PERSON” ARE AS
      DEFINED BY REGULATION S UNDER THE 1933 ACT.” 
	 

2.3 Exchange Procedure. Each Selling Shareholder may
exchange his, her or its certificate representing the Priveco Shares by
delivering such certificate to Pubco, duly executed and endorsed in blank (or
accompanied by duly executed Stock Powers (as defined in Section 7.5) of
attorney duly endorsed in blank), in each case in proper form for transfer, and,
if applicable, with all stock transfer and any other required documentary stamps
affixed thereto and with appropriate instructions to allow the transfer agent to
issue certificates for the Pubco Shares to the holder thereof (or as the holder
may otherwise direct) together with: 

	 	(a) 	
      if the Selling Shareholder is not resident in the United
      States, a Certificate of Non-U.S. Shareholder (the “Regulation S
      Certificate”), a copy of which is set out in Schedule 3; and

	 	 	 
	 	(b) 	
      if the Selling Shareholder is resident in the United
      States, a Certificate of U.S. Shareholder (the “Rule 506
      Certificate”), a copy of which is set out in Schedule
  4.

2.4 Option Holders. In connection with the Closing,
Pubco shall grant the Option Holders Pubco Options on the basis of one and three
quarter (1.75) Pubco Options for each one (1) Priveco Option held by each such
Option Holder. The board of directors of Priveco will exercise its authority
under Priveco’s stock option plan to provide for the exchange of the Priveco
Options held by each Option Holder into such Pubco Options. Pubco may require
each Option Holder to execute Pubco’s standard form of agreement evidencing the
Pubco Options and:

	 	(a) 	
      if the Option Holder is not resident in the United
      States, a Regulation S Certificate; and

	 	 	 
	 	(b) 	
      if the Option Holder is resident in the United States, a
      Rule 506 Certificate.

2.5 Warrant Holders. In connection with the Closing,
Pubco will grant the Warrant Holders Pubco Warrants on the basis of one and
three quarter (1.75) Pubco Warrants for each one (1) Priveco Warrant held by
each Warrant Holder. The Warrant Holders may exchange their certificates
representing the Priveco Warrants by delivering such certificate to Pubco
together with a Regulation S Certificate.

2.6 Debt Holder. At the closing, Pubco, Priveco and the
Debt Holder shall execute an assumption agreement (the “Assumption
Agreement”) whereby Pubco will agree to assume all of Priveco’s obligations
relating to the Pubco Debt. Subsequent to the Closing, upon the demand of the
Debt 

- 7 -

Holder, Pubco will issue the Pubco Debt Shares in full
satisfaction and settlement of the Pubco Debt. Priveco shall remain indebted to
the Debt Holder for: (i) any interest on the Priveco Debenture that has accrued
up to the Closing Date; and (ii) for the remaining principal sum of $350,000,
and accrued interest thereon, which shall continue to be due and payable by
Priveco to the Debt Holder pursuant to the terms of the Priveco Debenture.

2.7 Fractional Securities. Notwithstanding any other
provision of this Agreement, no certificates for fractional Pubco Securities
will be issued in the Transaction. In lieu of any such fractional securities, if
any of the Priveco Security Holders would otherwise be entitled to receive a
fraction of a Pubco Security upon surrender of certificates representing the
Priveco Securities for exchange pursuant to this Agreement, the Priveco Security
Holders will be entitled to have such fraction rounded up to the nearest whole
number of applicable Pubco Securities and will receive from Pubco a certificate
representing same.

2.8 Closing Date. The Closing will take place, subject
to the terms and conditions of this Agreement, on the Closing Date.

2.9 Restricted Securities. The Priveco Security Holders
acknowledge that the Pubco Securities issued pursuant to the terms and
conditions set forth in this Agreement will have such hold periods as are
required under applicable securities laws and as a result may not be sold,
transferred or otherwise disposed of, except pursuant to an effective
registration statement under the Securities Act, or pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the
Securities Act and in each case only in accordance with all applicable
securities laws.

2.10 Exemptions. The Priveco Security Holders
acknowledge that Pubco has advised such Priveco Security Holders that Pubco is
issuing the Pubco Securities to the Priveco Security Holders under exemptions
from the prospectus and registration requirements of applicable Canadian
securities laws (the “Canadian Securities Laws”) and, as a consequence,
certain protections, rights and remedies provided by the Canadian Securities
Laws, including statutory rights of rescission or damages, will not be available
to the Priveco Security Holders. 

2.11 Canadian Resale Restrictions. Each of the Priveco
Security Holders acknowledges that each has been advised and acknowledges and
understands that Pubco is not a reporting issuer in any province or territory of
Canada and accordingly, any applicable hold periods under the Canadian
Securities Laws may never expire, and any Pubco Securities issued to the Priveco
Security Holders may be subject to resale restrictions in Canada for an
indefinite period of time. Additionally, each of the Priveco Security Holders
acknowledges that resale of any of the Pubco Securities by any of the Priveco
Security Holders resident in Canada is restricted except pursuant to an
exemption from applicable securities legislation.

2.12 British Columbia Instrument 51-509 Restrictions.
Each of the Priveco Security Holders resident in the United States and Alberta
represent, warrants, acknowledge and agree that:

	 	(a) 	
      pursuant to British Columbia Instrument 51-509 –
      Issuers Quoted in the U.S. Over –the- Counter Markets (“BCI
      51-509”), as adopted by the British Columbia Securities Commission, a
      subsequent trade in any of the Pubco Securities in or from British
      Columbia will be a distribution subject to the prospectus and registration
      requirements of applicable Canadian securities legislation (including the
      British Columbia Securities Act) unless certain conditions are met, which
      conditions include, among others, a requirement that any certificate
      representing the Pubco Securities (or ownership statement
  issued

- 8 -

	 		
      under a direct registration system or other book entry
      system) bear the restrictive legend (the “BC Legend”) specified in BCI
      51-509;

	 	 	 
	 	(b) 	
      the Priveco Security Holder is not a resident of British
      Columbia and undertakes not to trade or resell any of the Pubco Securities
      in or from British Columbia unless the trade or resale is made in
      accordance with BCI 51-509;

	 	 	 
	 	(c) 	
      others will rely upon the truth and accuracy of the
      representations and warranties contained in this Section 2.12 and agrees
      that if such representations and warranties are no longer accurate or have
      been breached, the Priveco Security Holder shall immediately notify the
      Company;

	 	 	 
	 	(d) 	
      by executing and delivering this Agreement and as a
      consequence of the representations and warranties made by the Priveco
      Security Holder contained in this Section 2.12, the Priveco Security
      Holder will have directed the Company not to include the BC Legend on any
      certificates representing the Pubco Securities to be issued to the Priveco
      Security Holder. As a consequence, the Priveco Security Holder will not be
      able to rely on the resale provisions of BCI 51-509, and any subsequent
      trade in any of the Pubco Securities in or from British Columbia will be a
      distribution subject to the prospectus and registration requirements of
      the British Columbia Securities Act; and

	 	 	 
	 	(e) 	
      if the Priveco Security Holder wishes to trade or resell
      any of the Pubco Securities in or from British Columbia, the Priveco
      Security Holder agrees and undertakes to return, prior to any such trade
      or resale, any certificate representing the Pubco Securities to the
      Company or its transfer agent, as applicable, to have the BC Legend
      imprinted on such certificate or to instruct the Company’s transfer agent
      to include the BC Legend on any ownership statement issued under a direct
      registration system or other book entry system.

3. REPRESENTATIONS AND WARRANTIES OF PRIVECO AND
THE PRIVECO SUBSIDIARY

Except as set forth in the Priveco Disclosure Letter, Priveco
and the Priveco Subsidiary represent and warrant to Pubco, and acknowledge that
Pubco is relying upon such representations and warranties in connection with the
execution, delivery and performance of this Agreement, notwithstanding any
investigation made by or on behalf of Pubco, as follows:

3.1 Organization and Good Standing of Priveco. Priveco
is a corporation duly organized, validly existing and in good standing under the
laws of the Province of Alberta and has the requisite corporate power and
authority to own, lease and to carry on its business as now being conducted.
Priveco is duly qualified to do business and is in good standing as a foreign
corporation in each of the jurisdictions in which Priveco owns property, leases
property, does business, or is otherwise required to be so qualified, except
where the failure to be so qualified would not have a Material Adverse Effect on
Priveco.

3.2 Organization and Good Standing of the Priveco
Subsidiary. The Priveco Subsidiary is a corporation duly organized, validly
existing and in good standing under the laws of the State of California and has
the requisite corporate power and authority to own, lease and to carry on its
business as now being conducted. The Priveco Subsidiary is duly qualified to do
business and is in good standing as a foreign corporation in each of the
jurisdictions in which the Priveco Subsidiary owns property, leases property,
does business, or is otherwise required to be so qualified, except where the
failure to be so qualified would not have a Material Adverse Effect on the
Priveco Subsidiary.

- 9 -

3.3 Authority. Priveco and the Priveco Subsidiary have
all requisite corporate power and authority to execute and deliver this
Agreement and any other documents contemplated by this Agreement (collectively,
the “Priveco Documents”) to be signed by Priveco or the Priveco
Subsidiary and to perform their respective obligations hereunder and to
consummate the Transaction. The execution and delivery of each of the Priveco
Documents by Priveco and the Priveco Subsidiary, as applicable, and the
consummation of the Transaction have been duly authorized by Priveco’s board of
directors and the board of directors of the Priveco Subsidiary. No other
corporate or shareholder proceedings on the part of Priveco or the Priveco
Subsidiary are necessary to authorize such Priveco Documents or to consummate
the Transaction. This Agreement has been, and the other Priveco Documents when
executed and delivered by Priveco or the Priveco Subsidiary as contemplated by
this Agreement will be, duly executed and delivered by Priveco or the Priveco
Subsidiary, as applicable, and this Agreement is, and the other Priveco
Documents when executed and delivered by Priveco or the Priveco Subsidiary as
contemplated hereby will be, valid and binding obligations of Priveco and the
Priveco Subsidiary, enforceable in accordance with their respective terms,
except:

	 	(a) 	
      as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors’ rights generally;

	 	 	 
	 	(b) 	
      as limited by laws relating to the availability of
      specific performance, injunctive relief or other equitable remedies;
      and

	 	 	 
	 	(c) 	
      as limited by public policy.

3.4 Capitalization of Priveco. At Closing, to the best
knowledge of Priveco, the entire authorized capital stock of Priveco will
consist of an unlimited number of Priveco Shares (the “Priveco Common
Stock”). As of the date of this Agreement, there are: (i) 8,851,007 Priveco
Shares issued and outstanding; (ii) 5,445,162 Priveco Options outstanding and
unexercised; and (iii) 900,000 Priveco Warrants outstanding and unexercised. All
of the issued and outstanding Priveco Shares have been duly authorized, are
validly issued, were not issued in violation of any pre-emptive rights and are
fully paid and non-assessable, are not subject to pre-emptive rights and were
issued in full compliance with the laws of the Province of Alberta and Priveco’s
Articles of Incorporation. Other than the Priveco Options and the Priveco
Warrants, there are no outstanding options, warrants, subscriptions, conversion
rights, or other rights, agreements, or commitments obligating Priveco to issue
any additional shares of Priveco Common Stock, or any other securities
convertible into, exchangeable for, or evidencing the right to subscribe for or
acquire from Priveco any shares of Priveco Common Stock. Except as previously
disclosed to Pubco, there are no agreements purporting to restrict the transfer
of any of the Priveco Shares, and no voting agreements, shareholders’
agreements, voting trusts, or other arrangements restricting or affecting the
voting of any of the Priveco Shares to which Priveco is a party or of which
Priveco is aware.

3.5 Priveco Security Holders. At Closing, the Priveco
Security Holders will be as follows:

	 	(i) 	
      the holders of all issued and outstanding Priveco Shares,
      including each holder’s name, address and number of Priveco Shares held,
      will be as set out in Schedule 1 hereto;

	 	 	 
	 	(ii) 	
      the holders of all outstanding and unexercised Priveco
      Warrants, including each holder’s name, address and the number of Priveco
      Warrants held, will be as set out in Schedule 2 hereto;

	 	 	 
	 	(iii) 	
      the Debt Holder; and

- 10 -

	 	(iv) 	
      the holders of all outstanding and unexercised Priveco
      Options, including each holder’s name, address and number of Priveco
      Options held, will be as set out in a list to be provided to Pubco prior
      to Closing.

3.6 Directors and Officers of Priveco. The duly elected
or appointed directors and the duly appointed officers of Priveco are as set out
in Schedule 5.

3.7 Corporate Records of Priveco. The corporate records
of Priveco, as required to be maintained by it pursuant to the laws of the
Province of Alberta, are accurate, complete and current in all material
respects, and the minute book of Priveco is, in all material respects, correct
and contains all material records required by the laws of the Province of
Alberta, in regards to all proceedings, consents, actions and meetings of the
shareholders and the board of directors of Priveco.

3.8 Non-Contravention. Neither the execution, delivery
and performance of this Agreement, nor the consummation of the Transaction,
will:

	 	(a) 	
      conflict with, result in a violation of, cause a default
      under (with or without notice, lapse of time or both) or give rise to a
      right of termination, amendment, cancellation or acceleration of any
      obligation contained in or the loss of any material benefit under, or
      result in the creation of any lien, security interest, charge or
      encumbrance upon any of the material properties or assets of Priveco or
      the Priveco Subsidiary under any term, condition or provision of any loan
      or credit agreement, note, debenture, bond, mortgage, indenture, lease or
      other agreement, instrument, permit, license, judgment, order, decree,
      statute, law, ordinance, rule or regulation applicable to Priveco or the
      Priveco Subsidiary, or any of their respective material property or
      assets;

	 	 	 
	 	(b) 	
      violate any provision of the Articles of Incorporation of
      Priveco, the bylaws of the Priveco Subsidiary or any applicable laws;
      or

	 	 	 
	 	(c) 	
      violate any order, writ, injunction, decree, statute,
      rule, or regulation of any court or governmental or regulatory authority
      applicable to Priveco, the Priveco Subsidiary or any of their respective
      material property or assets.

3.9 Actions and Proceedings. To the best knowledge of
Priveco and the Priveco Subsidiary, there is no basis for and there is no
action, suit, judgment, claim, demand or proceeding outstanding or pending, or,
to the best knowledge of Priveco or the Priveco Subsidiary, threatened against
or affecting Priveco the Priveco Subsidiary or which involves any of the
business, or the properties or assets of Priveco or the Priveco Subsidiary that,
if adversely resolved or determined, would have a Material Adverse Effect on
Priveco or the Priveco Subsidiary. Except as previously disclosed to Pubco,
there is no reasonable basis for any claim or action that, based upon the
likelihood of its being asserted and its success if asserted, would have a
Material Adverse Effect on Priveco or the Priveco Subsidiary.

- 11 -

3.10 Compliance.

	 	(a) 	
      To the best knowledge of Priveco and the Priveco
      Subsidiary, Priveco and the Priveco Subsidiary are in compliance with, are
      not in default or violation in any material respect under, and have not
      been charged with or received any notice at any time of any material
      violation of, any statute, law, ordinance, regulation, rule or decree
      applicable to the business or operations of Priveco or the Priveco
      Subsidiary.

	 	 	 
	 	(b) 	
      To the best knowledge of Priveco and the Priveco
      Subsidiary, Priveco and the Priveco Subsidiary are not subject to any
      judgment, order or decree entered in any lawsuit or proceeding applicable
      to its business and operations that would have a Material Adverse Effect
      on Priveco or the Priveco Subsidiary.

	 	 	 
	 	(c) 	
      Priveco and the Priveco Subsidiary have duly filed all
      reports and returns required to be filed by them with governmental
      authorities and have obtained all governmental permits and other
      governmental consents, except as may be required after the execution of
      this Agreement or where the failure to do so would not have a Material
      Adverse Effect on Priveco or the Priveco Subsidiary. All of such permits
      and consents are in full force and effect, and no proceedings for the
      suspension or cancellation of any of them, and no investigation relating
      to any of them, is pending or to the best knowledge of Priveco or the
      Priveco Subsidiary, threatened, and none of them will be affected in a
      material adverse manner by the consummation of the Transaction.

	 	 	 
	 	(d) 	
      Priveco and the Priveco Subsidiary have operated in
      material compliance with all laws, rules, statutes, ordinances, orders and
      regulations applicable to its business. Priveco and the Priveco Subsidiary
      have not received any notice of any violation thereof, nor is Priveco or
      the Priveco Subsidiary aware of any valid basis
  therefore.

3.11 Filings, Consents and Approvals. No filing or
registration with, no notice to and no permit, authorization, consent, or
approval of any public or governmental body or authority or other Person
pertaining to either Priveco or the Priveco Subsidiary is necessary for the
consummation by Priveco or the Priveco Subsidiary of the Transaction. 

3.12 Financial Representations. Neither Priveco nor the
Priveco Subsidiary have received any advice or notification from its independent
certified public accountant that Priveco or the Priveco Subsidiary has used any
improper accounting practice that would have the effect of not reflecting or
incorrectly reflecting in the books and records of Priveco or the Priveco
Subsidiary, any properties, assets, Liabilities, revenues, or expenses. The
books, records, and accounts of Priveco and the Priveco Subsidiary accurately
and fairly reflect, in reasonable detail, the assets and Liabilities of Priveco
and the Priveco Subsidiary. Neither Priveco nor the Priveco Subsidiary have
engaged in any transaction, maintained any bank account, or used any funds of
Priveco or the Priveco Subsidiary, except for transactions, bank accounts and
funds which have been and are reflected in the normally maintained books and
records of Priveco and the Priveco Subsidiary.

3.13 Absence of Undisclosed Liabilities. Other than the
costs and expenses incurred in connection with the negotiation and consummation
of the Transaction, neither Priveco nor the Priveco Subsidiary have any material
Liabilities or obligations, either direct or indirect, matured or unmatured,
absolute, contingent or otherwise that exceed $25,000, which:

	 	(a) 	
      have not heretofore been paid or
  discharged;

- 12 -

	 	(b) 	
      did not arise in the regular and ordinary course of
      business under any agreement, contract, commitment, lease or plan
      specifically disclosed in writing to Pubco; or

	 	 	 
	 	(c) 	
      have not been incurred in amounts and pursuant to
      practices consistent with past business practice, in or as a result of the
      regular and ordinary course of business of Priveco or the Priveco
      Subsidiary.

3.14 Tax Matters.

	 	(a) 	
      As of the date hereof:

	 	 	 	 
	 		(i) 	
      Priveco and the Priveco Subsidiary have timely filed all
      tax returns in connection with any Taxes which are required to be filed on
      or prior to the date hereof, taking into account any extensions of the
      filing deadlines which have been validly granted to Priveco or the Priveco
      Subsidiary, and

	 	 	 	 
	 		(ii) 	
      all such returns are true and correct in all material
      respects.

	 	 	 	 
	 	(b) 	
      Priveco and the Priveco Subsidiary have paid all Taxes
      that have become or are due with respect to any period ended on or prior
      to the date hereof, and has established an adequate reserve therefore on
      its balance sheets for those Taxes not yet due and payable, except for any
      Taxes the non-payment of which will not have a Material Adverse Effect on
      Priveco or the Priveco Subsidiary.

	 	 	 	 
	 	(c) 	
      To the best knowledge of Priveco and the Priveco
      Subsidiary, neither Priveco nor the Priveco Subsidiary is presently under
      or has received notice of, any contemplated investigation or audit by any
      regulatory or governmental agency of body or any foreign or state taxing
      authority concerning any fiscal year or period ended prior to the date
      hereof.

	 	 	 	 
	 	(d) 	
      All Taxes required to be withheld on or prior to the date
      hereof from employees for income Taxes, social security Taxes,
      unemployment Taxes and other similar withholding Taxes have been properly
      withheld and, if required on or prior to the date hereof, have been
      deposited with the appropriate governmental agency.

	 	 	 	 
	 	(e) 	
      To the best knowledge of Priveco and the Priveco
      Subsidiary, the books and records of Priveco and the Priveco Subsidiary
      contain full provision for all Taxes including any deferred Taxes that may
      be assessed to Priveco or the Priveco Subsidiary for the period ended July
      31, 2009 (the “Priveco Accounting Date”) or for any prior periods
      in respect of any transaction, event or omission occurring, or any profit
      earned on or prior to the Priveco Accounting Date or for which Priveco or
      the Priveco Subsidiary is accountable up to such date and all contingent
      Liabilities for taxes have been provided for or disclosed or will be
      provided for or disclosed in the Priveco Financial Statements when the
      Priveco Financial Statements are delivered in accordance with Section 7.5
      hereto.

3.15 Absence of Changes. Except as previously disclosed
to Pubco, neither Priveco nor the Priveco Subsidiary has:

	 	(a) 	
      incurred any Liabilities, other than Liabilities incurred
      in the ordinary course of business consistent with past practice and costs
      and expenses incurred in connection with the negotiation and consummation
      of the Transaction, or discharged or satisfied any lien
  or

- 13 -

	 		
      encumbrance, or paid any Liabilities, other than in the
      ordinary course of business consistent with past practice, or failed to
      pay or discharge when due any Liabilities of which the failure to pay or
      discharge has caused or will cause any material damage or risk of material
      loss to it or any of its assets or properties;

	 	 	 
	 	(b) 	
      sold, encumbered, assigned or transferred any material
      fixed assets or properties except for ordinary course business
      transactions consistent with past practice;

	 	 	 
	 	(c) 	
      created, incurred, assumed or guaranteed any indebtedness
      for money borrowed, or mortgaged, pledged or subjected any of the material
      assets or properties of Priveco or the Priveco Subsidiary to any mortgage,
      lien, pledge, security interest, conditional sales contract or other
      encumbrance of any nature whatsoever;

	 	 	 
	 	(d) 	
      made or suffered any amendment or termination of any
      material agreement, contract, commitment, lease or plan to which it is a
      party or by which it is bound, or cancelled, modified or waived any
      substantial debts or claims held by it or waived any rights of substantial
      value, other than in the ordinary course of business;

	 	 	 
	 	(e) 	
      declared, set aside or paid any dividend or made or
      agreed to make any other distribution or payment in respect of the Priveco
      Shares or redeemed, purchased or otherwise acquired or agreed to redeem,
      purchase or acquire any of the Priveco Shares or its other equity
      securities;

	 	 	 
	 	(f) 	
      suffered any damage, destruction or loss, whether or not
      covered by insurance, that has had or may be reasonably expected to have a
      Material Adverse Change on Priveco or the Priveco Subsidiary;

	 	 	 
	 	(g) 	
      received notice or had knowledge of any actual or
      threatened labor trouble, termination, resignation, strike or other
      occurrence, event or condition of any similar character which has had or
      might have a Material Adverse Effect on Priveco or the Priveco
      Subsidiary;

	 	 	 
	 	(h) 	
      made commitments or agreements for capital expenditures
      or capital additions or betterments exceeding in the aggregate
    $15,000;

	 	 	 
	 	(i) 	
      other than in the ordinary course of business, increased
      the salaries or other compensation of, or made any advance (excluding
      advances for ordinary and necessary business expenses) or loan to, any of
      its employees or directors or made any increase in, or any addition to,
      other benefits to which any of its employees or directors may be
      entitled;

	 	 	 
	 	(j) 	
      entered into any transaction other than in the ordinary
      course of business consistent with past practice or as contemplated by
      this Agreement; or

	 	 	 
	 	(k) 	
      agreed, whether in writing or orally, to do any of the
      foregoing.

3.16 Absence of Certain Changes or Events. Since the
Priveco Accounting Date, there has not been:

	 	(a) 	
      a Material Adverse Effect with respect to Priveco or the
      Priveco Subsidiary; or

	 	 	 
	 	(b) 	
      any material change by Priveco or the Priveco Subsidiary
      in its accounting methods, principles or
practices.

- 14 -

3.17 Subsidiaries. Except for the Priveco Subsidiary,
Priveco does not have any subsidiaries or agreements of any nature to acquire
any subsidiary or to acquire or lease any other business operations.

3.18 Personal Property. Priveco and the Priveco
Subsidiary possess, and have good and marketable title to, all property
necessary for the continued operation of their respective businesses as
presently conducted and as represented to Pubco. All such property is used in
the business of Priveco or the Priveco Subsidiary, as applicable. All such
property is in reasonably good operating condition (normal wear and tear
excepted), and is reasonably fit for the purposes for which such property is
presently used. All material equipment, furniture, fixtures and other tangible
personal property and assets owned or leased by Priveco or the Priveco
Subsidiary are owned by Priveco or the Priveco Subsidiary, as applicable, free
and clear of all liens, security interests, charges, encumbrances and other
adverse claims, except as previously disclosed to Pubco.

3.19 Intellectual Property

	 	(a) 	
      Intellectual Property Assets. Priveco and the
      Priveco Subsidiary own or hold an interest in all intellectual property
      assets necessary for the operation of the businesses of Priveco and the
      Priveco Subsidiary as their businesses are currently conducted
      (collectively, the “Intellectual Property Assets”),
    including:

	 	 	 	 
	 		(i) 	
      all functional business names, trading names, registered
      and unregistered trademarks, service marks, and applications
      (collectively, the “Marks”);

	 	 	 	 
	 		(ii) 	
      all patents, patent applications and inventions, methods,
      processes and discoveries that may be patentable (collectively, the
      “Patents”);

	 	 	 	 
	 		(iii) 	
      all copyrights in both published works and unpublished
      works (collectively, the “Copyrights”); and

	 	 	 	 
	 		(iv) 	
      all know-how, trade secrets, confidential information,
      customer lists, software, technical information, data, process technology,
      plans, drawings, and blue prints owned, used, or licensed by Priveco or
      the Priveco Subsidiary as licensee or licensor (collectively, the
      “Trade Secrets”).

	 	 	 	 
	 	(b) 	
      Agreements. Priveco has previously provided Pubco
      with a complete and accurate list of all material contracts and agreements
      relating to the Intellectual Property Assets to which Priveco or the
      Priveco Subsidiary is a party or by which Priveco or the Priveco
      Subsidiary is bound, except for any license implied by the sale of a
      product and perpetual, paid-up licenses for commonly available software
      programs with a value of less than $15,000 under which Priveco or the
      Priveco Subsidiary is the licensee (the “Priveco Intellectual Property
      List”). To the best knowledge of Priveco and the Priveco Subsidiary,
      there are no outstanding or threatened disputes or disagreements with
      respect to any such agreement.

	 	 	 	 
	 	(c) 	
      Intellectual Property and Know-How Necessary for the
      Business. Except as previously disclosed to Pubco or as provided in
      the Priveco Intellectual Property List, Priveco or the Priveco Subsidiary,
      as applicable, are the owners of all right, title, and interest in and to
      each of the Intellectual Property Assets, free and clear of all liens,
      security interests, charges, encumbrances and other adverse claims, and
      have the right to use, without payment to a third party, all of the
      Intellectual Property Assets. Except as provided in the Priveco
      Intellectual Property List, all former and current employees and
      contractors of

- 15 -

	 		
      Priveco and the Priveco Subsidiary have executed written
      contracts, agreements or other undertakings with Priveco or the Priveco
      Subsidiary, as applicable, that assign all rights to any inventions,
      improvements, discoveries or information relating to the business of
      Priveco or the Priveco Subsidiary to Priveco or the Priveco Subsidiary, as
      applicable. No employee, director, officer or shareholder of Priveco or
      the Priveco Subsidiary owns, directly or indirectly, in whole or in part,
      any Intellectual Property Asset which Priveco or the Priveco Subsidiary is
      presently using or which is necessary for the conduct of its business. To
      the best knowledge of Priveco and the Priveco Subsidiary, no employee or
      contractor of Priveco or the Priveco Subsidiary, as applicable, has
      entered into any contract or agreement that restricts or limits in any way
      the scope or type of work in which the employee may be engaged or requires
      the employee to transfer, assign or disclose information concerning his
      work to anyone other than Priveco or the Priveco Subsidiary.

	 	 	 
	 	(d) 	
      Patents. Except as previously provided in the
      Priveco Intellectual Property List, neither Priveco nor the Priveco
      Subsidiary holds any right, title or interest in or to any Patent and
      neither Priveco nor the Priveco Subsidiary has filed any patent
      application with any third party. To the best knowledge of Priveco and the
      Priveco Subsidiary, none of the products manufactured and sold, nor any
      process or know-how used, by Priveco or the Priveco Subsidiary infringes
      or is alleged to infringe any patent or other proprietary night of any
      other Person.

	 	 	 
	 	(e) 	
      Trademarks. Except as previously provided in the
      Priveco Intellectual Property List, neither Priveco nor the Priveco
      Subsidiary holds any right, title or interest in or to any Mark and
      neither Priveco nor the Priveco Subsidiary has registered or filed any
      application to register any Mark with any third party. To the best
      knowledge of Priveco and the Priveco Subsidiary, none of the Marks, if
      any, used by Priveco or the Priveco Subsidiary infringes or is alleged to
      infringe any trade name, trademark or service mark of any third
    party.

	 	 	 
	 	(f) 	
      Copyrights. Priveco and the Priveco Subsidiary, as
      applicable, are the owners of all right, title, and interest in and to
      each of the Copyrights, free and clear of all liens, security interests,
      charges, encumbrances and other adverse claims. If applicable, all
      registered Copyrights are currently in compliance with formal legal
      requirements, are valid and enforceable, and are not subject to any
      maintenance fees or taxes or actions falling due within ninety days after
      the Closing Date. To the best knowledge of Priveco and the Priveco
      Subsidiary, no Copyright is infringed or has been challenged or threatened
      in any way and none of the subject matter of any of the Copyrights
      infringes or is alleged to infringe any copyright of any third party or is
      a derivative work based on the work of a third party. All works
      encompassed by the Copyrights have been marked with the proper copyright
      notice.

	 	 	 
	 	(g) 	
      Trade Secrets. Priveco and the Priveco Subsidiary
      have taken all reasonable precautions to protect the secrecy,
      confidentiality and value of their Trade Secrets. Priveco and the Priveco
      Subsidiary have good title and an absolute right to use the Trade Secrets.
      The Trade Secrets are not part of the public knowledge or literature, and
      to the best knowledge of Priveco and the Priveco Subsidiary, have not been
      used, divulged or appropriated, either for the benefit of any Person or to
      the detriment of Priveco or the Priveco Subsidiary. No Trade Secret is
      subject to any adverse claim or has been challenged or threatened in any
      way.

- 16 -

3.20 Insurance. The products sold by and the assets
owned by Priveco and the Priveco Subsidiary are insured under various policies
of general product liability and other forms of insurance consistent with
prudent business practices. All such policies are in full force and effect in
accordance with their terms, no notice of cancellation has been received, and
there is no existing default by Priveco or the Priveco Subsidiary, or any event
which, with the giving of notice, the lapse of time or both, would constitute a
default thereunder. All premiums to date have been paid in full.

3.21 Employees and Consultants. Except as previously
disclosed to Pubco, all employees and consultants of Priveco and the Priveco
Subsidiary have been paid all salaries, wages, income and any other sum due and
owing to them by Priveco, as at the end of the most recent completed pay period
except for accrued but unpaid vacation pay. Neither Priveco nor the Priveco
Subsidiary is aware of any labor conflict with any employees that might
reasonably be expected to have a Material Adverse Effect on Priveco or the
Priveco Subsidiary. To the best knowledge of Priveco and the Priveco Subsidiary,
no employee of Priveco or the Priveco Subsidiary is in violation of any term of
any employment contract, non-disclosure agreement, non-competition agreement or
any other contract or agreement relating to the relationship of such employee
with Priveco or the Priveco Subsidiary or any other nature of the business
conducted or to be conducted by Priveco or the Priveco Subsidiary.

3.22 Real Property. Neither Priveco nor the Priveco
Subsidiary owns any real property. Each of the leases, subleases, claims or
other real property interests (collectively, the “Leases”) to which
Priveco or the Priveco Subsidiary is a party or is bound is legal, valid,
binding, enforceable and in full force and effect in all material respects. All
rental and other payments required to be paid by Priveco or the Priveco
Subsidiary pursuant to any such Leases have been duly paid and no event has
occurred which, upon the passing of time, the giving of notice, or both, would
constitute a breach or default by any party under any of the Leases. The Leases
will continue to be legal, valid, binding, enforceable and in full force and
effect on identical terms following the Closing Date. Neither Priveco nor the
Priveco Subsidiary have assigned, transferred, conveyed, mortgaged, deeded in
trust or encumbered any interest in the Leases or the leasehold property
pursuant thereto.

3.23 Material Contracts and Transactions. Priveco has
previously made available to Pubco each contract, agreement, license, permit,
arrangement, commitment or instrument to which Priveco is a party and which is
material to the conduct of the business of Priveco (each, a “Contract”).
Each Contract is in full force and effect, and there exists no material breach
or violation of or default by Priveco under any Contract, or any event that with
notice or the lapse of time, or both, will create a material breach or violation
thereof or default under any Contract by Priveco. To the best knowledge of
Priveco, the continuation, validity and effectiveness of each Contract will in
no way be affected by the consummation of the Transaction. There exists no
actual or threatened termination, cancellation, or limitation of, or any
amendment, modification or change to, any Contract.

3.24 Certain Transactions. Neither Priveco nor the
Priveco Subsidiary is a guarantor or indemnitor of any indebtedness of any
Person other than any indebtedness of the other.

3.25 No Brokers. Neither Priveco nor the Priveco
Subsidiary has incurred any independent obligation or liability to any party for
any brokerage fees, agent’s commissions or finder’s fees in connection with the
Transaction.

3.26 Completeness of Disclosure. No representation or
warranty by Priveco or the Priveco Subsidiary in this Agreement nor any
certificate, schedule, statement, document or instrument furnished or to be
furnished to Pubco pursuant hereto contains or will contain any untrue statement
of a material fact or omits or will omit to state a material fact required to be
stated herein or therein or necessary to make any statement herein or therein
not materially misleading.

- 17 -

4. REPRESENTATIONS, WARRANTIES AND
ACKNOWLEDGEMENTS OF THE PRIVECO SECURITY
HOLDERS

4.1 Each of the Priveco Security Holders, as applicable,
acknowledges, represents and warrants to Pubco, and acknowledges that Pubco is
relying upon such acknowledgements, representations and warranties in connection
with the execution, delivery and performance of this Agreement, notwithstanding
any investigation made by or on behalf of Pubco, as follows:

	 	(a) 	
      Each Selling Shareholder is the registered and beneficial
      owner of the number of Priveco Shares listed next to his, her or its name
      in Schedule 1 to this Agreement and each Selling Shareholder has no
      interest, legal or beneficial, direct or indirect, in any other shares of,
      or the assets or business of, Priveco.

	 	 	 
	 	(b) 	
      Each Warrant Holder is the registered and beneficial
      owner of the number of Priveco Warrants listed next to his, her or its
      name in Schedule 2 to this Agreement and each Warrant Holder has no
      interest, legal or beneficial, direct or indirect, in any other shares of,
      or the assets or business of, Priveco, other than as disclosed
    herein.

	 	 	 
	 	(c) 	
      The Debt Holder is the holder of all rights, title and
      interest in and to the Priveco Debenture and the Debt Holder has no
      interest, legal or beneficial, director or indirect, in any other shares
      of, or the assets of business of, Priveco, other than as disclosed
      herein.

	 	 	 
	 	(d) 	
      Each Priveco Security Holder has the power and capacity
      and good and sufficient right and authority to enter into this Agreement
      on the terms and conditions herein set forth and to transfer the
      beneficial title and ownership of the Priveco Securities to
  Pubco.

	 	 	 
	 	(e) 	
      Except as provided for in this Agreement, each Priveco
      Security Holder is agreeing to waive all rights held by such Priveco
      Security Holder under prior agreements, including shareholder agreements,
      pertaining to the Priveco Securities held by such Priveco Security Holder
      and the Priveco Security Holder will remise, release and forever discharge
      Pubco and its respective directors, officers, employees, successors,
      solicitors, agents and assigns from any and all obligations to the Priveco
      Security Holder under any such prior agreements.

	 	 	 
	 	(f) 	
      The sale of the Pubco Securities that are the subject of
      this Agreement have not been qualified with the Commissioner of
      Corporations of the State of California and the issuance of the Pubco
      Securities or the payment or receipt of any part of the consideration
      therefor prior to the qualification is unlawful, unless the sale of the
      Pubco Securities is exempt from the qualification by Section 25100, 25102,
      or 25105 of the California Corporations Code. The rights of all parties to
      this Agreement are expressly conditioned upon the qualification being
      obtained, unless the sale is so exempt.

5. REPRESENTATIONS AND WARRANTIES OF PUBCO AND THE
PUBCO SUBSIDIARY

Except as set forth in the Pubco Disclosure Letter, Pubco and
the Pubco Subsidiary represent and warrant to Priveco and the Priveco Security
Holders and acknowledge that Priveco and the Priveco Security Holders are
relying upon such representations and warranties in connection with the
execution, delivery and performance of this Agreement, notwithstanding any
investigation made by or on behalf of Priveco or the Priveco Security Holders,
as follows:

- 18 -

5.1 Organization and Good Standing. Pubco is duly
incorporated, organized, validly existing and in good standing under the laws of
the State of Nevada and has all requisite corporate power and authority to own,
lease and to carry on its business as now being conducted. Pubco is qualified to
do business and is in good standing as a foreign corporation in each of the
jurisdictions in which it owns property, leases property, does business, or is
otherwise required to be so qualified, except where the failure to be so
qualified would not have a Material Adverse Effect on Pubco.

5.2 Organization and Good Standing of the Pubco
Subsidiary. The Pubco Subsidiary is a corporation duly organized, validly
existing and in good standing under the laws of the Province of Ontario and has
the requisite corporate power and authority to own, lease and to carry on its
business as now being conducted. The Pubco Subsidiary is duly qualified to do
business and is in good standing as a foreign corporation in each of the
jurisdictions in which the Pubco Subsidiary owns property, leases property, does
business, or is otherwise required to be so qualified, except where the failure
to be so qualified would not have a Material Adverse Effect on the Pubco
Subsidiary.

5.3 Authority. Pubco and the Pubco Subsidiary have all
requisite corporate power and authority to execute and deliver this Agreement
and any other documents contemplated by this Agreement (collectively, the
“Pubco Documents”) to be signed by Pubco or the Pubco Subsidiary and to
perform its obligations hereunder and to consummate the Transaction. The
execution and delivery of each of the Pubco Documents by Pubco or the Pubco
Subsidiary, as applicable, and the consummation by Pubco and the Pubco
Subsidiary of the Transaction, have been duly authorized by the board of
directors of Pubco and the Pubco Subsidiary and no other corporate or
shareholder proceedings on the part of Pubco or the Pubco Subsidiary are
necessary to authorize such documents or to consummate the Transaction. This
Agreement has been, and the other Pubco Documents when executed and delivered by
Pubco or the Pubco Subsidiary, as applicable, as contemplated by this Agreement
will be, duly executed and delivered by Pubco and the Pubco Subsidiary and this
Agreement is, and the other Pubco Documents when executed and delivered by Pubco
and the Pubco Subsidiary as contemplated hereby will be, valid and binding
obligations of Pubco and the Pubco Subsidiary, enforceable in accordance with
their respective terms, except:

	 	(a) 	
      as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors’ rights generally;

	 	 	 
	 	(b) 	
      as limited by laws relating to the availability of
      specific performance, injunctive relief or other equitable remedies;
      and

	 	 	 
	 	(c) 	
      as limited by public policy.

5.4 Capitalization of Pubco. The entire authorized
capital stock of Pubco consists of 600,000,000 shares of common stock with a par
value of $0.001 (the “Pubco Common Stock”). As of the date of this
Agreement, there are: (i) 81,640,000 shares of Pubco Common Stock issued and
outstanding. All of the issued and outstanding shares of Pubco Common Stock have
been duly authorized, are validly issued, were not issued in violation of any
pre-emptive rights and are fully paid and non-assessable, are not subject to
pre-emptive rights and were issued in full compliance with all federal, state,
and local laws, rules and regulations. There are no outstanding options,
warrants, subscriptions, conversion rights, or other rights, agreements or
commitments obligating Pubco to issue any additional shares of Pubco Common
Stock, or any other securities convertible into, exchangeable for, or evidencing
the right to subscribe for or acquire from Pubco any shares of Pubco Common
Stock. There are no agreements purporting to restrict the transfer of any of the
issued and outstanding shares of Pubco, no voting agreements, shareholders’
agreements, voting trusts, or other arrangements restricting or affecting the
voting of any of the shares of Pubco to which Pubco is a party or of which Pubco
is aware.

- 19 -

5.5 Directors and Officers of Pubco. The duly elected or
appointed directors and the duly appointed officers of Pubco are as listed on
Schedule 6.

5.6 Corporate Records of Pubco. The corporate records of
Pubco and the Pubco Subsidiary, as required to be maintained by it pursuant to
the laws of the State of Nevada or the Province of Ontario, as applicable, are
accurate, complete and current in all material respects, and the minute books of
Pubco and the Pubco Subsidiary are, in all material respects, correct and
contain all material records required by the laws of the State of Nevada and the
Province of Ontario, respectively, in regards to all proceedings, consents,
actions and meetings of the shareholders and the board of directors of Pubco and
the Pubco Subsidiary.

5.7 Non-Contravention. Neither the execution, delivery
and performance of this Agreement, nor the consummation of the Transaction,
will:

	 	(a) 	
      conflict with, result in a violation of, cause a default
      under (with or without notice, lapse of time or both) or give rise to a
      right of termination, amendment, cancellation or acceleration of any
      obligation contained in or the loss of any material benefit under, or
      result in the creation of any lien, security interest, charge or
      encumbrance upon any of the material properties or assets of Pubco or the
      Pubco Subsidiary under any term, condition or provision of any loan or
      credit agreement, note, debenture, bond, mortgage, indenture, lease or
      other agreement, instrument, permit, license, judgment, order, decree,
      statute, law, ordinance, rule or regulation applicable to Pubco or the
      Pubco Subsidiary or any of their respective material property or
      assets;

	 	 	 
	 	(b) 	
      violate any provision of the applicable incorporation or
      charter documents of Pubco or the Pubco Subsidiary or any applicable laws;
      or

	 	 	 
	 	(c) 	
      violate any order, writ, injunction, decree, statute,
      rule, or regulation of any court or governmental or regulatory authority
      applicable to Pubco or the Pubco Subsidiary or any of their respective
      material property or assets.

5.8 Validity of Pubco Common Stock Issuable upon the
Transaction. The Pubco Shares to be issued to the Selling Shareholders upon
consummation of the Transaction will, upon issuance, have been duly and validly
authorized and, when so issued in accordance with the terms of this Agreement,
will be duly and validly issued, fully paid and non-assessable.

5.9 Actions and Proceedings. Except as disclosed in the
Pubco SEC Documents (hereinafter defined), to the best knowledge of Pubco and
the Pubco Subsidiary, there is no basis for and there is no claim, charge,
arbitration, grievance, action, suit, judgment, demand, investigation or
proceeding by or before any court, arbiter, administrative agency or other
governmental authority now outstanding or pending or, to the best knowledge of
Pubco or the Pubco Subsidiary, threatened against or affecting Pubco or the
Pubco Subsidiary which involves any of the business, or the properties or assets
of Pubco or the Pubco Subsidiary that, if adversely resolved or determined,
would have a Material Adverse Effect on Pubco and the Pubco Subsidiary. There is
no reasonable basis for any claim or action that, based upon the likelihood of
its being asserted and its success if asserted, would have a Material Adverse
Effect on Pubco or the Pubco Subsidiary.

5.10 Compliance.

	 	(a) 	
      To the best knowledge of Pubco and the Pubco Subsidiary,
      Pubco and the Pubco Subsidiary are in compliance with, are not in default
      or violation in any material respect

- 20 -

	 		
      under, and have not been charged with or received any
      notice at any time of any material violation of any statute, law,
      ordinance, regulation, rule, decree or other applicable regulation to the
      business or operations of Pubco or the Pubco Subsidiary.

	 	 	 
	 	(b) 	
      To the best knowledge of Pubco and the Pubco Subsidiary,
      neither Pubco nor the Pubco Subsidiary is subject to any judgment, order
      or decree entered in any lawsuit or proceeding applicable to its business
      and operations that would have a Material Adverse Effect on Pubco or the
      Pubco Subsidiary.

	 	 	 
	 	(c) 	
      Pubco and the Pubco Subsidiary have duly filed all
      reports and returns required to be filed by them with governmental
      authorities and have obtained all governmental permits and other
      governmental consents, except as may be required after the execution of
      this Agreement. All of such permits and consents are in full force and
      effect, and no proceedings for the suspension or cancellation of any of
      them, and no investigation relating to any of them, is pending or to the
      best knowledge of Pubco or the Pubco Subsidiary, threatened, and none of
      them will be affected in a material adverse manner by the consummation of
      the Transaction.

	 	 	 
	 	(d) 	
      Pubco and the Pubco Subsidiary have operated in material
      compliance with all laws, rules, statutes, ordinances, orders and
      regulations applicable to its business. Pubco and the Pubco Subsidiary
      have not received any notice of any violation thereof, nor is Pubco or the
      Pubco Subsidiary aware of any valid basis
therefore.

5.11 Filings, Consents and Approvals. No filing or
registration with, no notice to and no permit, authorization, consent, or
approval of any public or governmental body or authority or other Person is
necessary for the consummation by Pubco or the Pubco Subsidiary of the
Transaction to continue to conduct its business after the Closing Date in a
manner which is consistent with that in which it is presently conducted.

5.12 SEC Filings. Pubco has furnished or made available
to Priveco and the Selling Shareholders a true and complete copy of each report,
schedule and registration statement filed by Pubco with the SEC (collectively,
and as such documents have since the time of their filing been amended, the
“Pubco SEC Documents”). As of their respective dates, the Pubco SEC
Documents complied in all material respects with the requirements of the
Securities Act, and the rules and regulations of the SEC thereunder applicable
to such Pubco SEC Documents. The Pubco SEC Documents constitute all of the
documents and reports that Pubco was required to file with the SEC and the rules
and regulations promulgated thereunder by the SEC.

5.13 Financial Representations. Included with the Pubco
SEC Documents are true, correct, and complete copies of audited consolidated
balance sheets for Pubco dated as of August 31, 2008 and 2007 and unaudited
consolidated balance sheets for Pubco for the interim period ended May 31, 2009
(the “Pubco Accounting Date”) and the comparative interim period ended
May 31, 2008, together with related statements of income, cash flows, and
changes in shareholders’ equity for the fiscal years and interim periods then
ended (collectively, the “Pubco Financial Statements”). The Pubco
Financial Statements:

	 	(a) 	
      are in accordance with the books and records of
    Pubco;

	 	 	 
	 	(b) 	
      present fairly the financial condition of Pubco as of the
      respective dates indicated and the results of operations for such periods;
      and

- 21 -

	 	(c) 	
      have been prepared in accordance with
  GAAP.

Pubco has not received any advice or notification from its
independent certified public accountants that Pubco has used any improper
accounting practice that would have the effect of not reflecting or incorrectly
reflecting in the Pubco Financial Statements or the books and records of Pubco,
any properties, assets, Liabilities, revenues, or expenses. The books, records
and accounts of Pubco accurately and fairly reflect, in reasonable detail, the
assets and Liabilities of Pubco. Pubco has not engaged in any transaction,
maintained any bank account, or used any funds of Pubco, except for
transactions, bank accounts, and funds which have been and are reflected in the
normally maintained books and records of Pubco.

5.14 Absence of Undisclosed Liabilities. Neither Pubco
nor the Pubco Subsidiary have material Liabilities or obligations either direct
or indirect, matured or unmatured, absolute, contingent or otherwise, which:

	 	(a) 	
      are not set forth in the Pubco Financial Statements or
      have not heretofore been paid or discharged;

	 	 	 
	 	(b) 	
      did not arise in the regular and ordinary course of
      business under any agreement, contract, commitment, lease or plan
      specifically disclosed in writing to Priveco; or

	 	 	 
	 	(c) 	
      have not been incurred in amounts and pursuant to
      practices consistent with past business practice, in or as a result of the
      regular and ordinary course of its business since the date of the last
      Pubco Financial Statements.

5.15 Tax Matters.

	 	(a) 	
      As of the date hereof:

	 	 	 	 
	 		(i) 	
      Pubco and the Pubco Subsidiary have timely filed all tax
      returns in connection with any Taxes which are required to be filed on or
      prior to the date hereof, taking into account any extensions of the filing
      deadlines which have been validly granted to them, and

	 	 	 	 
	 		(ii) 	
      all such returns are true and correct in all material
      respects.

	 	 	 	 
	 	(b) 	
      Pubco and the Pubco Subsidiary have paid all Taxes that
      have become or are due with respect to any period ended on or prior to the
      date hereof and has established an adequate reserve therefore on its
      balance sheets for those Taxes not yet due and payable, except for any
      Taxes the non-payment of which will not have a Material Adverse Effect on
      Pubco or the Pubco Subsidiary.

	 	 	 	 
	 	(c) 	
      Neither Pubco nor the Pubco Subsidiary is presently under
      and has not received notice of, any contemplated investigation or audit by
      any regulatory or government agency or body or any foreign or state taxing
      authority concerning any fiscal year or period ended prior to the date
      hereof.

	 	 	 	 
	 	(d) 	
      All Taxes required to be withheld on or prior to the date
      hereof from employees for income Taxes, social security Taxes,
      unemployment Taxes and other similar withholding Taxes have been properly
      withheld and, if required on or prior to the date hereof, have been
      deposited with the appropriate governmental
agency.

- 22 -

	 	(e) 	
      To the best knowledge of Pubco, the Pubco Financial
      Statements contain full provision for all Taxes including any deferred
      Taxes that may be assessed to Pubco for the accounting period ended on the
      Pubco Accounting Date or for any prior period in respect of any
      transaction, event or omission occurring, or any profit earned, on or
      prior to the Pubco Accounting Date or for any profit earned by Pubco on or
      prior to the Pubco Accounting Date or for which Pubco is accountable up to
      such date and all contingent Liabilities for Taxes have been provided for
      or disclosed in the Pubco Financial Statements.

5.16 Absence of Changes. Since the Pubco Accounting
Date, except as disclosed in the Public SEC Documents and except as contemplated
in this Agreement, neither Pubco nor the Pubco Subsidiary have:

	 	(a) 	
      incurred any Liabilities, other than Liabilities incurred
      in the ordinary course of business consistent with past practice, or
      discharged or satisfied any lien or encumbrance, or paid any Liabilities,
      other than in the ordinary course of business consistent with past
      practice, or failed to pay or discharge when due any Liabilities of which
      the failure to pay or discharge has caused or will cause any material
      damage or risk of material loss to it or any of its assets or
      properties;

	 	 	 
	 	(b) 	
      sold, encumbered, assigned or transferred any material
      fixed assets or properties;

	 	 	 
	 	(c) 	
      created, incurred, assumed or guaranteed any indebtedness
      for money borrowed, or mortgaged, pledged or subjected any of the material
      assets or properties of Pubco to any mortgage, lien, pledge, security
      interest, conditional sales contract or other encumbrance of any nature
      whatsoever;

	 	 	 
	 	(d) 	
      made or suffered any amendment or termination of any
      material agreement, contract, commitment, lease or plan to which it is a
      party or by which it is bound, or cancelled, modified or waived any
      substantial debts or claims held by it or waived any rights of substantial
      value, other than in the ordinary course of business;

	 	 	 
	 	(e) 	
      declared, set aside or paid any dividend or made or
      agreed to make any other distribution or payment in respect of its capital
      shares or redeemed, purchased or otherwise acquired or agreed to redeem,
      purchase or acquire any of its capital shares or equity
  securities;

	 	 	 
	 	(f) 	
      suffered any damage, destruction or loss, whether or not
      covered by insurance, that materially and adversely affects its business,
      operations, assets, properties or prospects;

	 	 	 
	 	(g) 	
      suffered any material adverse change in its business,
      operations, assets, properties, prospects or condition (financial or
      otherwise);

	 	 	 
	 	(h) 	
      received notice or had knowledge of any actual or
      threatened labor trouble, termination, resignation, strike or other
      occurrence, event or condition of any similar character which has had or
      might have an adverse effect on its business, operations, assets,
      properties or prospects;

	 	 	 
	 	(i) 	
      made commitments or agreements for capital expenditures
      or capital additions or betterments exceeding in the aggregate
    $15,000;

- 23 -

	 	(j) 	
      other than in the ordinary course of business, increased
      the salaries or other compensation of, or made any advance (excluding
      advances for ordinary and necessary business expenses) or loan to, any of
      its employees or directors or made any increase in, or any addition to,
      other benefits to which any of its employees or directors may be
      entitled;

	 	 	 
	 	(k) 	
      entered into any transaction other than in the ordinary
      course of business consistent with past practice; or

	 	 	 
	 	(l) 	
      agreed, whether in writing or orally, to do any of the
      foregoing.

5.17 Absence of Certain Changes or Events. Since the
Pubco Accounting Date, except as and to the extent disclosed in the Pubco SEC
Documents, there has not been:

	 	(a) 	
      a Material Adverse Effect with respect to Pubco;
  or

	 	 	 
	 	(b) 	
      any material change by Pubco in its accounting methods,
      principles or practices.

5.18 Subsidiaries. Except for the Pubco Subsidiary,
Pubco does not have any subsidiaries or agreements of any nature to acquire any
subsidiary or to acquire or lease any other business operations, except as
disclosed in the Pubco SEC Documents.

5.19 Personal Property. There are no material equipment,
furniture, fixtures and other tangible personal property and assets owned or
leased by Pubco, except as disclosed in the Pubco SEC Documents. Pubco
possesses, and has good and marketable title to all property necessary for the
continued operation of the business of Pubco as presently conducted and as
represented to Priveco and the Selling Shareholders. All such property is used
in the business of Pubco. All such property is in reasonably good operating
condition (normal wear and tear excepted), and is reasonably fit for the
purposes for which such property is presently used. All material equipment,
furniture, fixtures and other tangible personal property and assets owned or
leased by Pubco are owned by Pubco free and clear of all liens, security
interests, charges, encumbrances and other adverse claims, except as previously
disclosed to Priveco.

5.20 Insurance. The products sold by and the assets
owned by Pubco are insured under various policies of general product liability
and other forms of insurance consistent with prudent business practices. All
such policies are in full force and effect in accordance with their terms, no
notice of cancellation has been received, and there is no existing default by
Pubco, or any event which, with the giving of notice, the lapse of time or both,
would constitute a default thereunder. All premiums to date have been paid in
full.

5.21 Employees and Consultants. To the best knowledge of
Pubco, no employee of Pubco is in violation of any term of any employment
contract, non-disclosure agreement, non-competition agreement or any other
contract or agreement relating to the relationship of such employee with Pubco
or any other nature of the business conducted or to be conducted by Pubco.

5.22 Real Property. Pubco does not own any real
property. Each of the leases, subleases, claims or other real property interests
(collectively, the “Pubco Leases”) to which Pubco is a party or is bound,
as disclosed in writing to Priveco or as disclosed in the Pubco SEC Documents,
is legal, valid, binding, enforceable and in full force and effect in all
material respects. All rental and other payments required to be paid by Pubco
pursuant to any such Pubco Leases have been duly paid and no event has occurred
which, upon the passing of time, the giving of notice, or both, would constitute
a breach or default by any party under any of the Pubco Leases. The Pubco Leases
will continue to be legal, valid, binding, enforceable and in full force and
effect on identical terms following the Closing Date. Pubco has 

- 24 -

not assigned, transferred, conveyed, mortgaged, deeded in trust
or encumbered any interest in the Pubco Leases or the leasehold property
pursuant thereto.

5.23 Material Contracts and Transactions. Other than as
expressly contemplated by this Agreement, there are no material contracts,
agreements, licenses, permits, arrangements, commitments, instruments or
understandings, whether written or oral, express or implied, contingent, fixed
or otherwise, to which Pubco is a party (the “Pubco Contracts”), except
as previously disclosed to Priveco or as disclosed in the Pubco SEC Documents.
Pubco has made available to Priveco and the Selling Shareholders each Pubco
Contract. Each Pubco Contract is in full force and effect, and there exists no
material breach or violation of or default by Pubco under any Pubco Contract, or
any event that with notice or the lapse of time, or both, will create a material
breach or violation thereof or default under any Pubco Contract by Pubco. To the
best knowledge of Pubco, the continuation, validity and effectiveness of each
Pubco Contract will in no way be affected by the consummation of the
Transaction. There exists no actual or threatened termination, cancellation or
limitation of, or any amendment, modification or change to, any Pubco
Contract.

5.24 Certain Transactions. Except as previously
disclosed to Priveco or as disclosed in the Pubco SEC Documents, Pubco is not a
guarantor or indemnitor of any indebtedness of any Person.

5.25 No Brokers. Pubco has not incurred any obligation
or liability to any party for any brokerage fees, agent’s commissions, or
finder’s fees in connection with the Transaction contemplated by this
Agreement.

5.26 Internal Accounting Controls. Pubco maintains a
system of internal accounting controls sufficient to provide reasonable
assurance that (i) transactions are executed in accordance with management’s
general or specific authorizations, (ii) transactions are recorded as necessary
to permit preparation of financial statements in conformity with GAAP and to
maintain asset accountability, (iii) access to assets is permitted only in
accordance with management’s general or specific authorization, and (iv) the
recorded accountability for assets is compared with the existing assets at
reasonable intervals and appropriate action is taken with respect to any
differences.

5.27 Listing and Maintenance Requirements. Pubco is
currently quoted on the OTC Bulletin Board and has not, in the 12 months
preceding the date hereof, received any notice from the OTC Bulletin Board or
the FINRA or any trading market on which Pubco’s common stock is or has been
listed or quoted to the effect that Pubco is not in compliance with the quoting,
listing or maintenance requirements of the OTC Bulletin Board or such other
trading market. No securities commission or other regulatory authority has
issued any order preventing or suspending the trading of the Pubco securities or
prohibiting the issuance of Pubco Shares to be delivered hereunder, and, to
Pubco’s knowledge, no proceedings for such purpose are pending or
threatened.

5.28 No SEC or FINRA Inquiries. Neither Pubco nor any of
its past or present officers or directors is the subject of any formal or
informal inquiry or investigation by the SEC or FINRA. Pubco currently does not
have any outstanding comment letters or other correspondences from the SEC or
FINRA.

5.29 Completeness of Disclosure. No representation or
warranty by Pubco or the Pubco Subsidiary in this Agreement nor any certificate,
schedule, statement, document or instrument furnished or to be furnished to
Priveco or the Pubco Subsidiary pursuant hereto contains or will contain any
untrue statement of a material fact or omits or will omit to state a material
fact required to be stated herein or therein or necessary to make any statement
herein or therein not materially misleading.

- 25 -

6. CLOSING CONDITIONS

6.1 Conditions Precedent to Closing by Pubco. The
obligation of Pubco to consummate the Transaction is subject to the satisfaction
or written waiver of the conditions set forth below by a date mutually agreed
upon by the parties hereto in writing and in accordance with Section 12.6. The
Closing of the Transaction contemplated by this Agreement will be deemed to mean
a waiver of all conditions to Closing. These conditions precedent are for the
benefit of Pubco and may be waived by Pubco in its sole discretion.

	 	(a) 	
      Representations and Warranties. The
      representations and warranties of Priveco, the Priveco Subsidiary and the
      Priveco Security Holders set forth in this Agreement will be true, correct
      and complete in all respects as of the Closing Date, as though made on and
      as of the Closing Date, and Priveco will have delivered to Pubco a
      certificate, dated as of the Closing Date, to the effect that the
      representations and warranties made by Priveco and the Priveco Subsidiary
      in this Agreement are true and correct.

	 	 	 	 
	 	(b) 	
      Performance. All of the covenants and obligations
      that Priveco and the Priveco Security Holders are required to perform or
      to comply with pursuant to this Agreement at or prior to the Closing must
      have been performed and complied with in all material respects.

	 	 	 	 
	 	(c) 	
      Transaction Documents. This Agreement, the Priveco
      Documents and all other documents necessary or reasonably required to
      consummate the Transaction, all in form and substance reasonably
      satisfactory to Pubco, will have been executed and delivered to
    Pubco.

	 	 	 	 
	 	(d) 	
      Secretary’s Certificate – Priveco. Pubco will have
      received a certificate from the Secretary of Priveco attaching:

	 	 	 	 
	 		(i) 	
      a copy of Priveco’s Articles of Incorporation as amended
      through the Closing Date; and

	 	 	 	 
	 		(ii) 	
      copies of resolutions duly adopted by the board of
      directors of Priveco approving the execution and delivery of this
      Agreement and the consummation of the transactions contemplated
    herein.

	 	 	 	 
	 	(e) 	
      Third Party Consents. Priveco and the Priveco
      Subsidiary will have received duly executed copies of all third party
      consents and approvals contemplated by this Agreement, in form and
      substance reasonably satisfactory to Pubco.

	 	 	 	 
	 	(f) 	
      No Material Adverse Change. No Material Adverse
      Effect will have occurred in respect of Priveco or the Priveco Subsidiary
      since the date of this Agreement.

	 	 	 	 
	 	(g) 	
      No Action. No suit, action, or proceeding will be
      pending or threatened which would:

	 	 	 	 
	 		(i) 	
      prevent the consummation of any of the transactions
      contemplated by this Agreement; or

	 	 	 	 
	 		(ii) 	
      cause the Transaction to be rescinded following
      consummation.

	 	 	 	 
	 	(h) 	
      Capitalization of Priveco. Priveco will have no
      securities other than 8,851,007 Priveco Shares, 5,445,162 Priveco Options
      and 900,000 Priveco Warrants issued and
outstanding

- 26 -

	 		
      on the Closing Date. Except as disclosed herein, other
      than the Priveco Options and the Priveco Warrants, there will be no
      outstanding options, warrants, subscriptions, conversion rights or other
      rights, agreements or commitments obligating Priveco to issue any
      additional shares of Priveco Common Stock, or any other securities
      convertible into, exchangeable for, or evidencing the right to subscribe
      for or acquire from Priveco, any shares of Priveco Common Stock.

	 	 	 	 
	 	(i) 	
      No Convertible Debt. Immediately prior to Closing,
      Priveco will have no outstanding convertible debt other than the Priveco
      Debenture.

	 	 	 	 
	 	(j) 	
      Due Diligence Generally. Pubco and its solicitors
      will be reasonably satisfied with their due diligence investigation of
      Priveco and the Priveco Subsidiary that is reasonable and customary in a
      transaction of a similar nature to that contemplated by the Transaction,
      including:

	 	 	 	 
	 		(i) 	
      materials, documents and information in the possession
      and control of Priveco, the Priveco Subsidiary and the Priveco Security
      Holders which are reasonably germane to the Transaction;

	 	 	 	 
	 		(ii) 	
      a physical inspection of the assets of Priveco and the
      Priveco Subsidiary by Pubco or its representatives; and

	 	 	 	 
	 		(iii) 	
      title to the material assets of Priveco and the Priveco
      Subsidiary.

	 	 	 	 
	 	(k) 	
      Compliance with Securities Laws. Pubco will have
      received evidence satisfactory to Pubco that the Pubco Securities issuable
      in the Transaction will be issuable:

	 	 	 	 
	 		(i) 	
      without registration pursuant to the Securities Act in
      reliance on a safe harbor from the registration requirements of the
      Securities Act; and

	 	 	 	 
	 		(ii) 	
      in reliance upon an exemption from the prospectus and
      registration requirements of the Canadian Securities Laws.

	 	 	 	 
	 	(l) 	
      In order to establish the availability of the safe harbor
      from the registration requirements of the Securities Act and the
      prospectus and registration requirements of the Canadian Securities Laws
      for the issuance of the Pubco Securities to each Priveco Security Holder,
      Priveco will deliver to Pubco on Closing, a Regulation S Certificate or
      Rule 506 Certificate, as applicable, duly executed by each Priveco
      Security Holder.

6.2 Conditions Precedent to Closing by Priveco. The
obligation of Priveco and the Selling Shareholders to consummate the Transaction
is subject to the satisfaction or written waiver of the conditions set forth
below by a date mutually agreed upon by the parties hereto in writing and in
accordance with Section 12.6. The Closing of the Transaction will be deemed to
mean a waiver of all conditions to Closing. These conditions precedent are for
the benefit of Priveco and the Selling Shareholders and may be waived by Priveco
and the Selling Shareholders in their discretion.

	 	(a) 	
      Representations and Warranties. The
      representations and warranties of Pubco set forth in this Agreement will
      be true, correct and complete in all respects as of the Closing Date, as
      though made on and as of the Closing Date, and Pubco will have delivered
      to Priveco and the Selling Shareholders a certificate dated as of the
      Closing Date, to the effect that the representations and warranties made
      by Pubco in this Agreement are true and
correct.

- 27 -

	 	(b) 	
      Performance. All of the covenants and obligations
      that Pubco is required to perform or to comply with pursuant to this
      Agreement at or prior to the Closing must have been performed and complied
      with in all material respects. Pubco must have delivered each of the
      documents required to be delivered by it pursuant to this
  Agreement.

	 	 	 	 
	 	(c) 	
      Transaction Documents. This Agreement, the Pubco
      Documents and all other documents necessary or reasonably required to
      consummate the Transaction, all in form and substance reasonably
      satisfactory to Priveco, will have been executed and delivered by
      Pubco.

	 	 	 	 
	 	(d) 	
      Private Placement. Pubco will undertake to
      complete a private placement equity financing consisting of the issuance
      of securities of Pubco on terms to be determined (the “Private
      Placement”).

	 	 	 	 
	 	(e) 	
      Assumption of Pubco Debt. On Closing, Pubco will
      assume all of Priveco’s obligations pertaining to the Pubco
Debt;

	 	 	 	 
	 	(f) 	
      Third Party Consents. Priveco will have received
      from Pubco duly executed copies of all third-party consents, permits,
      authorisations and approvals of any public, regulatory (including the SEC)
      or governmental body or authority or Person contemplated by this
      Agreement, in the form and substance reasonably satisfactory to
      Priveco.

	 	 	 	 
	 	(g) 	
      No Material Adverse Change. No Material Adverse
      Effect will have occurred in respect of Pubco since the date of this
      Agreement.

	 	 	 	 
	 	(h) 	
      Capitalization of Pubco. Immediately prior to
      Closing, Pubco will have no more than 81,640,000 shares of Pubco Common
      Stock issued and outstanding. There will be no outstanding options,
      warrants, subscriptions, conversion rights, or other rights, agreements,
      or commitments obligating Pubco to issue any additional shares of Pubco
      Common Stock, or any other securities convertible into, exchangeable for,
      or evidencing the right to subscribe for or acquire from Pubco, any shares
      of Pubco Common Stock.

	 	 	 	 
	 	(i) 	
      No Action. No suit, action, or proceeding will be
      pending or threatened before any governmental or regulatory authority
      wherein an unfavorable judgment, order, decree, stipulation, injunction or
      charge would result in and/or:

	 	 	 	 
	 		(i) 	
      prevent the consummation of any of the transactions
      contemplated by this Agreement; or

	 	 	 	 
	 		(ii) 	
      cause the Transaction to be rescinded following
      consummation.

	 	 	 	 
	 	(j) 	
      Options. Pubco shall provide evidence that it has
      granted the Pubco Options to all Option Holders, subject only to each such
      Option Holder executing the option agreements to be delivered by Pubco
      pursuant to Section 8.14 hereof.

	 	 	 	 
	 	(k) 	
      Warrants. Pubco shall provide evidence that it has
      granted the Pubco Warrants to the Warrant Holder, subject only to the
      Warrant Holder executing the warrant certificate to be delivered by Pubco
      pursuant to Section 8.16 hereof.

	 	 	 	 
	 	(l) 	
      Due Diligence Review of Financial Statements.
      Priveco and its accountants will be reasonably satisfied with their due
      diligence investigation and review of the
Pubco

- 28 -

	 		
      Financial Statements, the Pubco SEC Documents, and the
      contents thereof, prepared in accordance with GAAP.

	 	 	 
	 	(m) 	
      Due Diligence Generally. Priveco will be
      reasonably satisfied with their due diligence investigation of Pubco that
      is reasonable and customary in a transaction of a similar nature to that
      contemplated by the Transaction.

7. POST CLOSING COVENANTS OF THE
PARTIES

7.1 Conversion of Pubco Debt. Within 60 days of the
Closing, upon demand by the Debt Holder, Pubco shall allot and issue the Pubco
Debt Shares per share in full satisfaction of the Pubco Debt. The Debt Holder
hereby agrees that upon delivery of the Pubco Debt Shares by Pubco in accordance
with the provisions of this Agreement and applicable law, the Pubco Debt will be
fully satisfied, leaving an outstanding principal balance of $350,000 to be paid
by Priveco.

7.2 Cancellation of Restricted Stock. Within 7 days of
Closing, 60,840,000 restricted shares of Pubco Common Stock held by an affiliate
of Pubco (the “Pubco Affiliate”) will have been surrendered for
cancellation to the treasury of Pubco (the “Share Cancellation”) as
consideration for the Divestment as described in Section 7.3.

7.3 Divestment of the Pubco Subsidiary. Within 7 days of
Closing, and concurrently with the Share Cancellation, Pubco will divest all of
its interest in and to the Pubco Subsidiary to the Pubco Affiliate as
consideration for the Share Cancellation.

7.4 Private Placement. Within 120 days of the Closing,
Pubco shall complete the Private Placement.

7.5 Delivery of Original Stock Powers. If any of the
Selling Shareholders appoint any Person, by power of attorney or equivalent, to
execute this Agreement or any other agreement, document, instrument or
certificate contemplated by this Agreement, on behalf of the Selling
Shareholder, by way of the execution of a valid and binding stock power of
attorney or equivalent (each, a “Stock Power”) from such Selling
Shareholder, Priveco shall deliver original copies of such Stock Powers to Pubco
within 30 days of the Closing.

7.6 Novatel Warrants. Within 30 days of Closing, Pubco
shall issue 750,000 warrants to Novatel Wireless Inc. or its nominee
(“Novatel”), with each warrant entitling Novatel to purchase one share of
Pubco Common Stock at a price of $0.20 per share until two years from the date
that the Priveco Subsidiary repays all debts owing by it to Novatel. 

7.7 Delivery of Priveco Financial Statements.

Within 70 days of the Closing, Priveco shall deliver to Pubco
audited consolidated balance sheets for Priveco for the fiscal years ended
October 31, 2008 and 2007, as audited by a member of the Public Company
Accounting Oversight Board, plus the unaudited consolidated balance sheets for
Priveco for the interim period ended on the Priveco Accounting Date and the
comparative period ended July 31, 2008, together with related statements of
income, cash flows, and changes in shareholders’ equity for such fiscal years
and interim periods then ended (collectively, the “Priveco Financial
Statements”). The Priveco Financial Statements will:

	 	(i) 	
      be in accordance with the books and records of
      Priveco;

- 29 -

	 	(ii) 	
      present fairly the financial condition of Priveco as of
      the respective dates indicated and the results of operations for such
      periods; and

	 	 	 
	 	(iii) 	
      have been prepared in accordance with
  GAAP.

8. ADDITIONAL COVENANTS OF THE PARTIES

8.1 Notification of Financial Liabilities. Priveco will
immediately notify Pubco, in accordance with Section 12.6 hereof, if Priveco
receives any advice or notification from its independent certified public
accountants that Priveco has used any improper accounting practice that would
have the effect of not reflecting or incorrectly reflecting in the books,
records and accounts of Priveco, any properties, assets, Liabilities, revenues
or expenses. Pubco will immediately notify Priveco and the Selling Shareholders,
in accordance with Section 12.6 hereof, if Pubco receives any advice or
notification from its independent certified public accountants that Pubco has
used any improper accounting practice that would have the effect of not
reflecting or incorrectly reflecting in the books, records and accounts of
Pubco, any properties, assets, Liabilities, revenues or expenses.
Notwithstanding any statement to the contrary in this Agreement, the covenants
contained in this Section will survive Closing and continue in full force and
effect.

8.2 Access and Investigation. Between the date of this
Agreement and the Closing Date, Priveco and the Priveco Subsidiary, on the one
hand, and Pubco and the Pubco Subsidiary, on the other hand, will, and will
cause each of their respective representatives to:

	 	(a) 	
      afford the others, the Priveco Security Holders and their
      respective representatives full and free access to its personnel,
      properties, assets, contracts, books and records, and other documents and
      data;

	 	 	 
	 	(b) 	
      furnish the others, the Priveco Security Holders and
      their respective representatives with copies of all such contracts, books
      and records, and other existing documents and data as required by this
      Agreement and as may be otherwise reasonably requested; and

	 	 	 
	 	(c) 	
      furnish the others, the Priveco Security Holders and
      their respective representatives with such additional financial,
      operating, and other data and information as may be reasonably
      requested.

All of such access, investigation and communication by a party
and its representatives will be conducted during normal business hours and in a
manner designed not to interfere unduly with the normal business operations of
the other party. Each party will instruct its auditors to co-operate with the
other party and its representatives in connection with such investigations.

8.3 Confidentiality. All information regarding the
business of Priveco, including, without limitation, financial information that
Priveco provides to Pubco during Pubco’s due diligence investigation of Priveco,
will be kept in strict confidence by Pubco and will not be used (except in
connection with due diligence), dealt with, exploited or commercialized by Pubco
or disclosed to any third party (other than Pubco’s professional accounting and
legal advisors) without the prior written consent of Priveco. If the Transaction
does not proceed for any reason, then upon receipt of a written request from
Priveco, Pubco will immediately return to Priveco (or as directed by Priveco)
any information received regarding Priveco’s business. Likewise, all information
regarding the business of Pubco, including, without limitation, financial
information that Pubco provides to Priveco during its due diligence
investigation of Pubco, will be kept in strict confidence by Priveco and will
not be used (except in connection with due diligence), dealt with, exploited or
commercialized by Priveco or disclosed to any 

- 30 -

third party (other than Priveco’s professional accounting and
legal advisors) without Pubco’s prior written consent. If the Transaction does
not proceed for any reason, then upon receipt of a written request from Pubco,
Priveco will immediately return to Pubco (or as directed by Pubco) any
information received regarding Pubco’s business.

8.4 Notification. Between the date of this Agreement and
the Closing Date, each of the parties to this Agreement will promptly notify the
other parties in writing if it becomes aware of any fact or condition that
causes or constitutes a material breach of any of its representations and
warranties as of the date of this Agreement, if it becomes aware of the
occurrence after the date of this Agreement of any fact or condition that would
cause or constitute a material breach of any such representation or warranty had
such representation or warranty been made as of the time of occurrence or
discovery of such fact or condition. Should any such fact or condition require
any change in the Schedules relating to such party, such party will promptly
deliver to the other parties a supplement to the Schedules specifying such
change. During the same period, each party will promptly notify the other
parties of the occurrence of any material breach of any of its covenants in this
Agreement or of the occurrence of any event that may make the satisfaction of
such conditions impossible or unlikely.

8.5 Exclusivity. Until the earlier of Closing or such
time, if any, as this Agreement is terminated pursuant to this Agreement, and
other than any current acquisitions or transactions being considered by Pubco,
(i) Priveco, Pubco and their respective subsidiaries will not, directly or
indirectly, solicit, initiate, entertain or accept any inquiries or proposals
from, discuss or negotiate with, provide any non-public information to, or
consider the merits of any unsolicited inquiries or proposals from, any Person
relating to any transaction involving the sale of the business or assets (other
than in the ordinary course of business), or any of the capital stock of
Priveco, Pubco or their respective subsidiaries, as applicable, or any merger,
consolidation, business combination, or similar transaction other than as
contemplated by this Agreement, and (ii) Pubco will not, directly or indirectly,
solicit, initiate, entertain, make or accept any inquiries or proposals from,
discuss or negotiate with, provide or request any non-public information to, or
consider the merits of any transaction involving the acquisition by Pubco of the
business or assets (other than in the ordinary course of business) or any of the
capital stock of any Person other than Priveco.

8.6 Conduct of Priveco and Pubco Business Prior to
Closing. From the date of this Agreement to the Closing Date, and except to
the extent that Pubco otherwise consents in writing, Priveco and the Priveco
Subsidiary will operate their businesses substantially as presently operated and
only in the ordinary course and in compliance with all applicable laws, and use
their best efforts to preserve intact their good reputation and present business
organization and to preserve their relationships with Persons having business
dealings with them. Likewise, from the date of this Agreement to the Closing
Date, and except to the extent that Priveco otherwise consents in writing, Pubco
and the Pubco Subsidiary will operate their businesses substantially as
presently operated and only in the ordinary course and in compliance with all
applicable laws, and use its best efforts to preserve intact its good reputation
and present business organization and to preserve its relationships with Persons
having business dealings with it.

8.7 Certain Acts Prohibited – Priveco and the Priveco
Subsidiary. Except as expressly contemplated by this Agreement or for
purposes in furtherance of this Agreement, between the date of this Agreement
and the Closing Date, Priveco and the Priveco Subsidiary will not, without the
prior written consent of Pubco:

	 	(a) 	
      amend its Articles of Incorporation or Bylaws (as
      applicable);

- 31 -

	 	(b) 	
      incur any liability or obligation other than in the
      ordinary course of business or encumber or permit the encumbrance of any
      properties or assets of Priveco or the Priveco Subsidiary except in the
      ordinary course of business;

	 	 	 
	 	(c) 	
      dispose of or contract to dispose of any Priveco or
      Priveco Subsidiary property or assets, including the Intellectual Property
      Assets, except in the ordinary course of business consistent with past
      practice;

	 	 	 
	 	(d) 	
      issue, deliver, sell, pledge or otherwise encumber or
      subject to any lien, any Priveco Shares, or any rights, warrants or
      options to acquire, any such shares;

	 	 	 
	 	(e) 	
      declare, set aside or pay any dividends on, or make any
      other distributions in respect of, the Priveco Shares,

	 	 	 
	 	(f) 	
      split, combine or reclassify any Priveco Shares, or issue
      or authorize the issuance of any other securities in respect of, in lieu
      of or in substitution for, Priveco Shares; or

	 	 	 
	 	(g) 	
      materially increase benefits or compensation expenses of
      Priveco or the Priveco Subsidiary, other than as contemplated by the terms
      of any employment agreement in existence on the date of this Agreement,
      increase the cash compensation of any director, executive officer or other
      key employee or pay any benefit or amount not required by a plan or
      arrangement as in effect on the date of this Agreement to any such
      Person.

8.8 Certain Acts Prohibited - Pubco. Except as expressly
contemplated by this Agreement, between the date of this Agreement and the
Closing Date, Pubco and the Pubco Subsidiary will not, without the prior written
consent of Priveco:

	 	(a) 	
      incur any liability or obligation or encumber or permit
      the encumbrance of any properties or assets of Pubco or the Pubco
      Subsidiary except in the ordinary course of business consistent with past
      practice;

	 	 	 	 
	 	(b) 	
      dispose of or contract to dispose of any Pubco or Pubco
      Subsidiary property or assets except in the ordinary course of business
      consistent with past practice;

	 	 	 	 
	 	(c) 	
      declare, set aside or pay any dividends on, or make any
      other distributions in respect of, the Pubco Common Stock;

	 	 	 	 
	 	(d) 	
      do any of the following without a concurrent adjustment
      to the consideration deliverable hereunder for the transfer of the Priveco
      Shares, Priveco Options and Priveco Warrants as may be necessary to ensure
      that the percentage ownership of Pubco by the Selling Shareholders, the
      Option Holders and the Warrant Holder following Closing, on a fully
      diluted basis, is unaffected by such action, to the satisfaction of
      Priveco and the Selling Shareholders as evidenced in writing:

	 	 	 	 
	 		(i) 	
      issue, deliver or sell any shares of the Pubco Common
      Stock (other than those shares of Pubco Common Stock that may be issued as
      a result of the exercise of any outstanding options, warrants or other
      convertible securities), or any rights, warrants or options to acquire any
      such shares, voting securities or convertible
securities,

- 32 -

	 		(ii) 	
      declare, set aside or pay any dividends on, or make any
      other distributions in respect of, the Pubco Common Stock, or

	 	 	 	 
	 		(iii) 	
      split, combine or reclassify any Pubco Common Stock or
      issue or authorize the issuance of any other securities in respect of, in
      lieu of or in substitution for shares of Pubco Common Stock; or

	 	 	 	 
	 	(e) 	
      materially increase benefits or compensation expenses of
      Pubco or the Pubco Subsidiary, increase the cash compensation of any
      director, executive officer or other key employee or pay any benefit or
      amount to any such Person.

8.9 Public Announcements. Pubco and Priveco each agree
that they will not release or issue any reports or statements or make any public
announcements relating to this Agreement or the Transaction without the prior
written consent of the other party, except as may be required upon written
advice of counsel to comply with applicable laws or regulatory requirements
after consulting with the other party hereto and seeking their reasonable
consent to such announcement.

8.10 Pubco Board of Directors. The current directors of
Pubco will adopt resolutions appointing six nominees of Priveco to the Board of
Directors of Pubco, which appointments will be effective on Closing.

8.11 Pubco Officers. The current directors of Pubco will
adopt resolutions appointing six nominees of Priveco as officers of Pubco and
will accept the resignation of all officers of Pubco, which appointments and
resignations will be effective on Closing.

8.12 Preservation of Records. Following the Closing
Date, Pubco and Priveco covenant and agree that they will preserve, and make
available to the Priveco Security Holders, on reasonable request, all minute
books, corporate and financial records and tax returns of Priveco for a period
of six (6) years from the Closing Date, or for such longer period as is required
by any applicable Law, or as relates to the applicable statutory limitation
period as regards any possible claims that may relate to the relevant records,
but neither Pubco nor Priveco shall be responsible or liable to the Priveco
Security Holders for or as a result of any accidental loss or destruction of or
damage to any such records.

8.13 Delivery of Mail. In the event that Pubco or
Priveco receives, after the Closing Date, mail or other communications which
directly relate to any of the Priveco Security Holders or which may affect any
of the Priveco Security Holders, it shall take commercially reasonable steps to
forward, deliver or cause to be delivered all such mail and the contents thereof
to such Priveco Security Holders.

8.14 Pubco Share Certificates. Pubco shall deliver to
the Selling Shareholders share certificates evidencing the grant of the Pubco
Shares to each Selling Shareholder as per the terms of Section 2.3 hereof.

8.15 Option Agreements. Pubco shall deliver to the
Option Holders option agreements and such other documentation as may be required
to evidence the grant of the Pubco Options to each Option Holder as per the
terms of Section 2.4 hereof.

8.16 Warrant Certificates. Pubco shall deliver to the
Warrant Holders warrant certificates and such other documentation as may be
required to evidence the grant of the Pubco Warrants to each Warrant Holder as
per the terms of Section 2.5 hereof.

- 33 -

8.17 Assumption of Pubco Debt. Pubco, Priveco and the
Debt Holder shall execute the Assumption Agreement, as per the terms of Section
2.6 hereof.

9. CLOSING

9.1 Closing. The Closing shall take place on the Closing
Date at the offices of the lawyers for Pubco or at such other location as agreed
to by the parties. Notwithstanding the location of the Closing, each party
agrees that the Closing may be completed by the exchange of undertakings between
the respective legal counsel for Priveco and Pubco, provided such undertakings
are satisfactory to each party’s respective legal counsel.

9.2 Closing Deliveries of Priveco and the Selling
Shareholders. At Closing, Priveco and the Selling Shareholders will deliver
or cause to be delivered the following, fully executed and in the form and
substance reasonably satisfactory to Pubco:

	 	(a) 	
      a certificate of good standing for Priveco and the
      Priveco Subsidiary from their respective jurisdictions of incorporation,
      dated not earlier than five days prior to the Closing Date;

	 	 	 	 
	 	(b) 	
      copies of all resolutions and/or consent actions adopted
      by or on behalf of the board of directors of Priveco and the Priveco
      Subsidiary evidencing approval of this Agreement and the
    Transaction;

	 	 	 	 
	 	(c) 	
      copies of Stock Powers for any of the Selling
      Shareholders who appoint any Person, by power of attorney or equivalent,
      to execute this Agreement or any other agreement, document, instrument or
      certificate contemplated by this Agreement, on behalf of the Selling
      Shareholder;

	 	 	 	 
	 	(d) 	
      share certificates representing the Priveco Shares as
      required by Section 2.3 of this Agreement;

	 	 	 	 
	 	(e) 	
      warrant certificates representing the Priveco Warrants as
      required by Section 2.5 of this Agreement;

	 	 	 	 
	 	(f) 	
      the Priveco Debenture as required by Section 2.6 of this
      Agreement;

	 	 	 	 
	 	(g) 	
      the Priveco Disclosure Letter;

	 	 	 	 
	 	(h) 	
      all certificates and other documents required by Sections
      2.3 and 6.1 of this Agreement;

	 	 	 	 
	 	(i) 	
      a certificate of an officer of Priveco, dated as of
      Closing, certifying that:

	 	 	 	 
	 		(i) 	
      each covenant and obligation of Priveco has been complied
      with; and

	 	 	 	 
	 		(ii) 	
      each representation, warranty and covenant of Priveco and
      the Priveco Subsidiary is true and correct at the Closing as if made on
      and as of the Closing; and

	 	 	 	 
	 	(j) 	
      the Priveco Documents and any other necessary documents,
      each duly executed by Priveco, as required to give effect to the
      Transaction.

9.3 Closing Deliveries of Pubco. At Closing, Pubco will
deliver or cause to be delivered the following, fully executed and in the form
and substance reasonably satisfactory to Priveco:

- 34 -

	 	(a) 	
      a certificate of good standing for Pubco from its
      jurisdiction of incorporation, dated not earlier than five days prior to
      the Closing Date;

	 	 	 	 
	 	(b) 	
      copies of all resolutions and/or consent actions adopted
      by or on behalf of the board of directors of Pubco and the Pubco
      Subsidiary evidencing approval of this Agreement and the
    Transaction;

	 	 	 	 
	 	(c) 	
      all certificates and other documents required by Section
      6.2 of this Agreement;

	 	 	 	 
	 	(d) 	
      share certificates representing the Pubco Shares as
      required by Section 8.14 of this Agreement;

	 	 	 	 
	 	(e) 	
      option agreements as may be required to evidence the
      grant of the Pubco Options to the Priveco Option Holders as required by
      Section 8.15 of this Agreement;

	 	 	 	 
	 	(f) 	
      warrant certificates representing the Pubco Warrants as
      required by Section 8.16 of this Agreement;

	 	 	 	 
	 	(g) 	
      the Pubco Disclosure Letter;

	 	 	 	 
	 	(h) 	
      a certificate of an officer of Pubco, dated as of
      Closing, certifying that:

	 	 	 	 
	 		(i) 	
      each covenant and obligation of Pubco has been complied
      with; and

	 	 	 	 
	 		(ii) 	
      each representation, warranty and covenant of Pubco and
      the Pubco Subsidiary is true and correct at the Closing as if made on and
      as of the Closing; and

	 	 	 	 
	 	(i) 	
      the Pubco Documents and any other necessary documents,
      each duly executed by Pubco, as required to give effect to the
      Transaction.

10. TERMINATION

10.1 Termination. This Agreement may be terminated at
any time prior to the Closing Date contemplated hereby by:

	 	(a) 	
      mutual agreement of Pubco and Priveco;

	 	 	 
	 	(b) 	
      Pubco, if there has been a material breach by Priveco or
      any of the Priveco Security Holders of any material representation,
      warranty, covenant or agreement set forth in this Agreement on the part of
      Priveco or the Priveco Security Holders that is not cured, to the
      reasonable satisfaction of Pubco, within ten business days after notice of
      such breach is given by Pubco (except that no cure period will be provided
      for a breach by Priveco or the Priveco Security Holders that by its nature
      cannot be cured);

	 	 	 
	 	(c) 	
      Priveco or any of the Priveco Security Holders, if there
      has been a material breach by Pubco of any material representation,
      warranty, covenant or agreement set forth in this Agreement on the part of
      Pubco that is not cured by the breaching party, to the reasonable
      satisfaction of Priveco or such Priveco Security Holder(s), within ten
      business days after notice of such breach is given by Priveco or the
      Priveco Security Holder(s) (except that no cure period will be provided
      for a breach by Pubco that by its nature cannot be
  cured);

- 35 -

	 	(d) 	
      Pubco or Priveco, if the Transaction has not been
      consummated prior to October 15, 2009, unless the parties hereto agree to
      extend such date in writing; or

	 	 	 
	 	(e) 	
      Pubco or Priveco, if any permanent injunction or other
      order of a governmental entity of competent authority preventing the
      consummation of the Transaction has become final and
  non-appealable.

10.2 Effect of Termination. In the event of the
termination of this Agreement as provided in Section 10.1, this Agreement will
be of no further force or effect, provided, however, that no termination of this
Agreement will relieve any party of liability for any breaches of this Agreement
that are based on a wrongful refusal or failure to perform any obligations.

11. INDEMNIFICATION, REMEDIES,
SURVIVAL

11.1 Certain Definitions. For the purposes of this
Section 11, the terms “Loss” and “Losses” mean any and all
demands, claims, actions or causes of action, assessments, losses, damages,
Liabilities, costs and expenses, including, without limitation, interest,
penalties, fines and reasonable attorneys, accountants and other professional
fees and expenses, but excluding any indirect, consequential or punitive damages
suffered by Pubco or Priveco, including damages for lost profits or lost
business opportunities.

11.2 Agreement of Priveco and the Priveco Subsidiary to
Indemnify. Priveco and the Priveco Subsidiary will indemnify, defend, and
hold harmless, to the full extent of the law, Pubco and its shareholders from,
against, and in respect of, any and all Losses asserted against, relating to,
imposed upon, or incurred by, Pubco and its shareholders by reason of, resulting
from, based upon or arising out of:

	 	(a) 	
      the breach by Priveco or the Priveco Subsidiary of any
      representation or warranty of Priveco or the Priveco Subsidiary contained
      in or made pursuant to this Agreement, any Priveco Document or any
      certificate or other instrument delivered pursuant to this Agreement;
      or

	 	 	 
	 	(b) 	
      the breach or partial breach by Priveco or the Priveco
      Subsidiary of any covenant or agreement of Priveco or the Priveco
      Subsidiary made in or pursuant to this Agreement, any Priveco Document or
      any certificate or other instrument delivered pursuant to this
      Agreement.

11.3 Agreement of the Priveco Security Holders to
Indemnify. The Priveco Security Holders will each, severally, and not
jointly and severally, indemnify, defend and hold harmless, to the full extent
of the law, Pubco and its shareholders from, against, and in respect of, any and
all Losses asserted against, relating to, imposed upon, or incurred by Pubco and
its shareholders by reason of, resulting from, based upon or arising out of:

	 	(a) 	
      any breach by a Priveco Security Holder of Sections 2.3,
      2.4, 2.5 or 2.6 of this Agreement, as applicable; or

	 	 	 
	 	(b) 	
      any misstatement, misrepresentation or breach of the
      representations and warranties made by a Priveco Security Holder contained
      in or made pursuant to the Regulation S Certificate or Rule 506
      Certificate executed by each Priveco Security Holder as part of the share
      exchange procedure detailed in Sections 2.3, 2.4, 2.5 and 2.6 of this
      Agreement, as applicable.

- 36 -

11.4 Agreement of Pubco to Indemnify. Pubco and the
Pubco Subsidiary will indemnify, defend, and hold harmless, to the full extent
of the law, Priveco and the Priveco Security Holders from, against, for, and in
respect of, any and all Losses asserted against, relating to, imposed upon, or
incurred by Priveco and the Priveco Security Holders by reason of, resulting
from, based upon or arising out of:

	 	(a) 	
      the breach by Pubco or the Pubco Subsidiary of any
      representation or warranty of Pubco or the Pubco Subsidiary contained in
      or made pursuant to this Agreement, any Pubco Document or any certificate
      or other instrument delivered pursuant to this Agreement; or

	 	 	 
	 	(b) 	
      the breach or partial breach by Pubco or the Pubco
      Subsidiary of any covenant or agreement of Pubco or the Pubco Subsidiary
      made in or pursuant to this Agreement, any Pubco Document or any
      certificate or other instrument delivered pursuant to this
    Agreement.

11.5 Limitation on Indemnity. Any party entitled to
indemnification under Sections 11.2, 11.3 or 11.4 shall only be entitled to
indemnification in respect of any Losses after the aggregate amount of such
Losses exceeds $50,000, at which point the indemnified party shall be entitled
to recover the entire amount of such Losses from the first dollar (including the
first $50,000).

12. MISCELLANEOUS PROVISIONS

12.1 Effectiveness of Representations; Survival. Each
party is entitled to rely on the representations, warranties and agreements of
each of the other parties and all such representations, warranties and
agreements will be effective regardless of any investigation that any party has
undertaken or failed to undertake. Unless otherwise stated in this Agreement,
and except for instances of fraud, the representations, warranties and
agreements will survive the Closing Date and continue in full force and effect
until one (1) year after the Closing Date.

12.2 Further Assurances. Each of the parties hereto will
co-operate with the others and execute and deliver to the other parties hereto
such other instruments and documents and take such other actions as may be
reasonably requested from time to time by any other party hereto as necessary to
carry out, evidence and confirm the intended purposes of this Agreement.

12.3 Amendment. This Agreement may not be amended except
by an instrument in writing signed by each of the parties.

12.4 Expenses. Each party to this Agreement will bear
its respective expenses incurred in connection with the preparation, execution
and performance of this Agreement and the Transaction, including all fees and
expenses of agents, representatives, counsel and accountants.

12.5 Entire Agreement. This Agreement, the schedules
attached hereto contain the entire agreement between the parties with respect to
the subject matter hereof and supersede all prior arrangements and
understandings, both written and oral, expressed or implied, with respect
thereto. Any preceding correspondence or offers are expressly superseded and
terminated by this Agreement.

12.6 Notices. All notices and other communications
required or permitted under this Agreement must be in writing and will be deemed
given if sent by personal delivery, faxed with electronic confirmation of
delivery or sent by internationally-recognized express courier or registered or
certified mail (return receipt requested), postage prepaid, to the parties at
the following addresses (or at such other address for a party as will be
specified by like notice):

- 37 -

	 	If to Priveco: 	  
	 	 	 
	 	NexAira Inc. 	  
	 	c/o Level 10 Capital Corp. 
	 	1404 – 510 West Hastings Street 
	 	Vancouver, British Columbia, Canada V6B 1L8 
	 	 	 
	 	Attention: 	Mark Sampson 
	 	Telephone: 	(604) 682-5629 
	 	Facsimile: 	(604) 682-1044 
	 	 
	 	With a copy (which will not constitute notice) to:
    
	 	  	  
	 	Stephen Mellows 
	 	Barrister & Solicitor 
	 	Suite 1730 – 808 Nelson Street 
	 	Vancouver, British Columbia, Canada V6Z 2H2 
	 	  	  
	 	Telephone: 	(604) 696-9994 
	 	Facsimile: 	(604) 696-9904 
	 	  	  
	 	If to any of the Priveco Security Holders, to the
      addresses set forth for such Priveco 
	 	Security Holder in the applicable Schedule to this
      Agreement. 
	 	  	  
	 	If to Pubco: 	  
	 	Technology Publishing, Inc. 
	 	10 Van Stassen Blvd. 
	 	Toronto, Ontario, Canada M6S 2N3 
	 	  	  
	 	Attention: 	Slawek Kajko 
	 	Telephone: 	(416) 767-2495 
	 	Facsimile: 	(416) 767-8846 
	 	With a copy (which will not constitute notice) to:
    
	 	  	  
	 	Clark Wilson LLP 
	 	Barristers & Solicitors 
	 	Suite 800 – 885 West Georgia Street 
	 	Vancouver, British Columbia, Canada V6C 3H1 
	 	  	  
	 	Attention: 	Virgil Z. Hlus 
	 	Telephone: 	(604) 687-5700 
	 	Facsimile: 	(604) 687-6314 

All such notices and other communications will be deemed to
have been received:

	 	(a) 	
      in the case of personal delivery, on the date of such
      delivery;

	 	 	 
	 	(b) 	
      in the case of a fax, when the party sending such fax has
      received electronic confirmation of its delivery;

	 	 	 
	 	(c) 	
      in the case of delivery by internationally-recognized
      express courier, on the business day following dispatch;
  and

- 38 -

	 	(d) 	in the case of mailing, on the fifth business
      day following mailing. 

12.7 Headings. The headings contained in this Agreement
are for convenience purposes only and will not affect in any way the meaning or
interpretation of this Agreement.

12.8 Benefits. This Agreement is and will only be
construed as for the benefit of or enforceable by those Persons party to this
Agreement.

12.9 Assignment. This Agreement may not be assigned
(except by operation of law) by any party without the consent of the other
parties.

12.10 Governing Law. This Agreement will be governed by
and construed in accordance with the laws of the Province of British Columbia
applicable to contracts made and to be performed therein.

12.11 Construction. The language used in this Agreement
will be deemed to be the language chosen by the parties to express their mutual
intent and no rule of strict construction will be applied against any party.

12.12 Gender. All references to any party will be read
with such changes in number and gender as the context or reference requires.

12.13 Business Days. If the last or appointed day for
the taking of any action required, or the expiration of any rights granted,
herein shall be a Saturday, Sunday or a legal holiday in the Provinces of
British Columbia, Alberta or Ontario, then such action may be taken or right may
be exercised on the next succeeding day which is not a Saturday, Sunday or such
a legal holiday.

12.14 Counterparts. This Agreement may be executed in
one or more counterparts, all of which will be considered one and the same
agreement and will become effective when one or more counterparts have been
signed by each of the parties and delivered to the other parties, it being
understood that all parties need not sign the same counterpart.

12.15 Fax Execution. This Agreement may be executed by
delivery of executed signature pages by fax and such fax execution will be
effective for all purposes.

12.16 Schedules. The schedules attached to this
Agreement are expressly incorporated herein.

[THE NEXT PAGE IS THE SIGNATURE PAGE]

- 39 -

IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the day and year first above written.

TECHNOLOGY PUBLISHING, INC.

	Per: 	/s/ Slawek Kajko 	 
	  	Authorized Signatory 	 
	  	Name: Slawek Kajko 	 
	  	Title: President, Secretary,
      Treasurer and Director 	 
	  	  	 
	WESTSIDE PUBLISHING LTD. 	 
	  	  	 
	Per: 	/s/ Slawek Kajko 	 
	  	Authorized Signatory 	 
	  	Name: Slawek Kajko 	 
	  	Title: President and Director 	 
	  	  	 
	NEXAIRA INC. 	 
	  	  	 
	Per: 	/s/ Mark Sampson 	 
	  	Authorized Signatory 	 
	  	Name: Mark Sampson 	 
	  	Title: President, Chief Executive
      Officer and Director 	 
	  	  	 
	NEXAIRA, INC. 	 
	  	  	 
	Per: 	/s/ Mark Sampson 	 
	  	Authorized Signatory 	 
	  	Name: Mark Sampson 	 
	  	Title: President, Chief Executive
      Officer and Director 	 
	  	  	 
	0793296 BC LTD. 	 
	Per: 	/s/ Ralph Proceviat 	 
	  	Authorized Signatory 	 
	  	Name: Ralph Proceviat 	 
	  	Title: President and Director 	 
	  	  	 
	885084 ALBERTA INC. 	 
	  	  	 
	Per: 	/s/ Mark Sampson 	 
	  	Authorized Signatory 	 
	  	Name: Mark Sampson 	 
	  	Title: President and Director 	 

	SCHEDULE 1 
	TO THE SHARE EXCHANGE AGREEMENT 
	AMONG TECHNOLOGY PUBLISHING, INC. AND NEXAIRA INC. 
	AS SET OUT IN THE SHARE EXCHANGE AGREEMENT 
	  
	  
	SELLING SHAREHOLDERS

	

Name 	Signature
      
(approving Share 
Exchange Agreement) 

	Number of
      
Priveco 
Shares held 
before
      
Closing 	
Number of
      
Pubco Shares 
to be received 
on Closing
  
	Bernard D.
      Parkinson 	/s/ Bernard D. Parkinson 	1,500,100 	2,625,175 
	Garry E. Bourns 	/s/ Garry E. Bourns 	1,500,100 	2,625,175 
	Nicholas A. Parkinson 	/s/ Nicholas A. Parkinson 	50,000 	87,500 
	Michael T. Lawless 	/s/ Michael T. Lawless 	50,000 	87,500 
	Kelly Justin Keylor 	/s/ Kelly Justin Keylor 	250,000 	437,500 
	Kristofer Keylor 	/s/ Kristofer Keylor 	250,000 	437,500 
	1125173 Alberta Ltd. 	/s/ 1125173 Alberta Ltd. 	500,000 	875,000 
	1125167 Alberta Ltd. 	/s/ 1125167 Alberta Ltd. 	500,000 	875,000 
	Brian Lund 	/s/ Brian Lund 	62,500 	109,375 
	Jacqueline Lund 	/s/ Jacqueline Lund 	62,500 	109,375 
	Scott Ballentine 	/s/ Scott Ballentine 	62,500 	109,375 
	Joanne Rae Ballentine 	/s/ Joanne Rae Ballentine 	62,500 	109,375 
	Ian Buchanan 	/s/ Ian Buchanan 	62,500 	109,375 
	Christine Buchanan 	/s/ Christine Buchanan 	62,500 	109,375 
	Ralph Proceviat 	/s/ Ralph Proceviat 	1,092,742 	1,912,298 
	Mark Sampson 	/s/ Mark Sampson 	1,092,742 	1,912,298 
	Stephen Mellows 	/s/ Stephen Mellows 	194,000 	339,500 
	Yan Xu 	/s/ Yan Xu 	3,000 	5,250 
	David Myales 	/s/ David Myales 	3,000 	5,250 
	Level 10 Capital Corp. 	/s/ Level 10 Capital Corp. 	200,000 	350,000 
	Sherrill Aspin 	/s/ Sherrill Aspin 	100,000 	175,000 
	0793296 BC Ltd. 	/s/ 0793296 BC Ltd. 	1,190,323 	2,083,066 
	Total shares: 	  	8,851,007 	15,489,262 

	SCHEDULE 2 
	TO THE SHARE EXCHANGE AGREEMENT 
	AMONG TECHNOLOGY PUBLISHING, INC. AND NEXAIRA INC. 
	AS SET OUT IN THE SHARE EXCHANGE AGREEMENT 
	  
	WARRANT HOLDERS 

	
Name 	Number of Priveco
      Warrants 
held before Closing 	Number of Pubco
      Warrants 
to be received on Closing 
	0793296 BC Ltd. 
1404 – 510 West Hastings Street
      
Vancouver, British Columbia V6B 1L8 
	
700,000 

	
1,225,000 

	885084 Alberta Inc. 
3300 - 421 7th
      Avenue SW 
Calgary Alberta T2P 4K9 	
200,000 
	
350,000

	SCHEDULE 3 
	TO THE SHARE EXCHANGE AGREEMENT 
	AMONG TECHNOLOGY PUBLISHING, INC. AND NEXAIRA INC. 
	AS SET OUT IN THE SHARE EXCHANGE AGREEMENT 
	  
	CERTIFICATE OF NON-U.S. SHAREHOLDER

In connection with the issuance of common stock (the “Pubco
Shares”), options (the “Pubco Options”) and/or warrants (the “Pubco Warrants”)
of TECHNOLOGY PUBLISHING, INC., a Nevada corporation (“Pubco”), to the
undersigned, pursuant to that certain Share Exchange Agreement dated September
28, 2009 (the “Agreement”), among Pubco, NexAira Inc., an Alberta corporation
(“Priveco”), and all of the shareholders of Priveco as set out in the Agreement.
Capitalized terms used but not otherwise defined in this Certificate shall have
the meanings given to such terms in the Agreement. The undersigned Priveco
Security Holder hereby agrees, acknowledges, represents and warrants that:

     1. the undersigned is not a “U.S.
Person” as such term is defined by Rule 902 of Regulation S under the United
States Securities Act of 1933, as amended (“U.S. Securities Act”) (the
definition of which includes, but is not limited to, an individual resident in
the U.S. and an estate or trust of which any executor or administrator or trust,
respectively is a U.S. Person and any partnership or corporation organized or
incorporated under the laws of the U.S.);

     2. none of the Pubco Securities
have been or will be registered under the U.S. Securities Act, or under any
state securities or “blue sky” laws of any state of the United States, and 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, except in accordance with the
provisions of Regulation S or pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the U.S. Securities Act and in
compliance with any applicable state and foreign securities laws;

     3. the Priveco Security Holder
understands and agrees that offers and sales of any of the Pubco Securities
prior to the expiration of a period of six months after the date of original
issuance of the Pubco Securities (the six month period hereinafter referred to
as the “Distribution Compliance Period”) shall only be made in compliance with
the safe harbor provisions set forth in Regulation S, pursuant to the
registration provisions of the U.S. Securities Act or an exemption therefrom,
and that all offers and sales after the Distribution Compliance Period shall be
made only in compliance with the registration provisions of the U.S. Securities
Act or an exemption therefrom and in each case only in accordance with
applicable state and foreign securities laws;

     4. the Priveco Security Holder
understands and agrees not to engage in any hedging transactions involving any
of the Pubco Securities unless such transactions are in compliance with the
provisions of the U.S. Securities Act and in each case only in accordance with
applicable state and provincial securities laws;

     5. the Priveco Security Holder is
acquiring the Pubco Securities for investment only and not with a view to resale
or distribution and, in particular, it has no intention to distribute either
directly or indirectly any of the Pubco Securities in the United States or to
U.S. Persons;

     6. the Priveco Security Holder
has not acquired the Pubco Securities as a result of, and will not itself engage
in, any directed selling efforts (as defined in Regulation S under the U.S.
Securities Act) in the United States in respect of the Pubco Securities which
would include any activities undertaken for the purpose of, or that could
reasonably be expected to have the effect of, conditioning the market in the
United States for the resale of any of the Pubco Securities; provided, however,
that the Priveco Security 

- 2 -

Holder may sell or otherwise dispose of the Pubco Securities
pursuant to registration thereof under the U.S. Securities Act and any
applicable state and provincial securities laws or under an exemption from such
registration requirements;

     7. the statutory and regulatory
basis for the exemption claimed for the sale of the Pubco 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
U.S. Securities Act or any applicable state and provincial securities laws;

     8. except as set out in the
Agreement, Pubco has not undertaken, and will have no obligation, to register
any of the Pubco Securities under the U.S. Securities Act;

     9. Pubco is entitled to rely on
the acknowledgements, agreements, representations and warranties and the
statements and answers of the Priveco Security Holder contained in the Agreement
and this Certificate, and the Priveco Security Holder will hold harmless Pubco
from any loss or damage either one may suffer as a result of any such
acknowledgements, agreements, representations and/or warranties made by the
Priveco Security Holder not being true and correct;

     10. the undersigned has been
advised to consult their own respective legal, tax and other advisors with
respect to the merits and risks of an investment in the Pubco Securities and,
with respect to applicable resale restrictions, is solely responsible (and Pubco
is not in any way responsible) for compliance with applicable resale
restrictions;

     11. the undersigned and the
undersigned’s advisor(s) have had a reasonable opportunity to ask questions of
and receive answers from Pubco in connection with the acquisition of the Pubco
Securities under the Agreement, and to obtain additional information, to the
extent possessed or obtainable by Pubco without unreasonable effort or
expense;

     12. the books and records of
Pubco were available upon reasonable notice for inspection, subject to certain
confidentiality restrictions, by the undersigned during reasonable business
hours at its principal place of business and that all documents, records and
books in connection with the acquisition of the Pubco Securities under the
Agreement have been made available for inspection by the undersigned, the
undersigned’s attorney and/or advisor(s);

     13. the undersigned:

	 	(a) 	
      is knowledgeable of, or has been independently advised as
      to, the applicable securities laws of the securities regulators having
      application in the jurisdiction in which the undersigned is resident (the
      “International Jurisdiction”) which would apply to the acquisition of the
      Pubco Securities;

	 	 	 
	 	(b) 	
      the undersigned is acquiring the Pubco Securities
      pursuant to exemptions from prospectus or equivalent requirements under
      applicable securities laws or, if such is not applicable, the undersigned
      is permitted to acquire the Pubco Securities under the applicable
      securities laws of the securities regulators in the International
      Jurisdiction without the need to rely on any exemptions;

	 	 	 
	 	(c) 	
      the applicable securities laws of the authorities in the
      International Jurisdiction do not require Pubco to make any filings or
      seek any approvals of any kind whatsoever from any securities regulator of
      any kind whatsoever in the

- 3 -

	 		
      International Jurisdiction in connection with the issue
      and sale or resale of the Pubco Securities; and

	 	 	 	 
	 	(d) 	
      the acquisition of the Pubco Securities by the
      undersigned does not trigger:

	 	 	 	 
	 		(i) 	
      any obligation to prepare and file a prospectus or
      similar document, or any other report with respect to such purchase in the
      International Jurisdiction; or

	 	 	 	 
	 		(ii) 	
      any continuous disclosure reporting obligation of Pubco
      in the International Jurisdiction; and

	 	 	 	 
	 		
      the undersigned will, if requested by Pubco, deliver to
      Pubco a certificate or opinion of local counsel from the International
      Jurisdiction which will confirm the matters referred to in Sections 13(c)
      and 13(d) above to the satisfaction of Pubco, acting
  reasonably;

     14. the undersigned (i) is able
to fend for itself in connection with the acquisition of the Pubco Securities;
(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 Pubco
Securities; and (iii) has the ability to bear the economic risks of its
prospective investment and can afford the complete loss of such investment;

     15. the undersigned is not aware
of any advertisement of any of the Pubco Securities and is not acquiring the
Pubco 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;

     16. except as set out in the
Agreement, no Person has made to the undersigned any written or oral
representations:

	 	(a) 	
      that any Person will resell or repurchase any of the
      Pubco Securities;

	 	 	 
	 	(b) 	
      that any Person will refund the purchase price of any of
      the Pubco Securities;

	 	 	 
	 	(c) 	
      as to the future price or value of any of the Pubco
      Securities; or

	 	 	 
	 	(d) 	
      that any of the Pubco Securities will be listed and
      posted for trading on any stock exchange or automated dealer quotation
      system or that application has been made to list and post any of the Pubco
      Securities on any stock exchange or automated dealer quotation system,
      except that currently certain market makers make market in the common
      shares of Pubco on the OTC Bulletin Board;

     17. none of the Pubco Securities
are listed on any stock exchange or automated dealer quotation system and,
except as set out in the Agreement, no representation has been made to the
undersigned that any of the Pubco Securities will become listed on any stock
exchange or automated dealer quotation system, except that currently certain
market makers make market in the common shares of Pubco on the OTC Bulletin
Board;

- 4 -

     18. the undersigned is outside
the United States when receiving and executing this Agreement and is acquiring
the Pubco Securities as principal for their own account, for investment purposes
only, and not with a view to, or for, resale, distribution or fractionalization
thereof, in whole or in part, and no other Person has a direct or indirect
beneficial interest in the Pubco Securities; 

     19. neither the SEC nor any other
securities commission or similar regulatory authority has reviewed or passed on
the merits of the Pubco Securities;

     20. the Pubco Securities are not
being acquired, directly or indirectly, for the account or benefit of a U.S.
Person or a Person in the United States;

     21. the undersigned acknowledges
and agrees that Pubco shall refuse to register any transfer of Pubco Securities
not made in accordance with the provisions of Regulation S, pursuant to
registration under the U.S. Securities Act, or pursuant to an available
exemption from registration under the U.S. Securities Act;

     22. the undersigned understands
and agrees that the Pubco Securities will bear the following legend:

	 	
      “THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN
      AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (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, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY,
      IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS 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. 
	
	 	
       
	 
		
      UNLESS OTHERWISE PERMITTED UNDER SECURITIES LEGISLATION,
      THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY IN OR FROM BRITISH
      COLUMBIA UNLESS THE CONDITIONS IN SECTION 12(2) OF BC INSTRUMENT 51-509
      ISSUERS QUOTED IN THE U.S. OVER-THE-COUNTER MARKET ARE MET.”; 
	

     23. the address of the
undersigned included herein is the sole address of the undersigned as of the
date of this certificate; and

     24. the undersigned is the
beneficial owner of their respective Priveco Securities, free and clear of all
liens, charges and encumbrances of any kind whatsoever;

     25. other than the constating
documents of Priveco, there are no written instruments, buy-sell agreements,
registration rights or agreements, voting agreements or other agreements by and
between or among the undersigned and any other Person, imposing any restrictions
upon the transfer, prohibiting the transfer of or otherwise pertaining to the
Priveco Securities, as applicable, or the ownership thereof;

- 5 -

     26. no Person has or will have
any agreement or option or any right capable at any time of becoming an
agreement to purchase or otherwise acquire the Priveco Securities or require the
undersigned to sell, transfer, assign, pledge, charge, mortgage or in any other
way dispose of or encumber any of the Priveco Securities other than under this
Agreement; and

     27. the undersigned waives all
claims and actions connected with the issuance of or rights attached to the
Priveco Securities, including without limitation, the benefit of any
representations, warranties and covenants in favour of the undersigned contained
in any share purchase or subscription agreement(s) for such Priveco Securities;
and any registration, liquidation, or any other rights by and between or among
the undersigned and any other Person, which may be triggered as a result of the
consummation of the Transaction.

IN WITNESS WHEREOF, I have executed this Certificate of
Non-U.S. Shareholder.

	                                                                                                                                               	 	Date: __________________,
________________
	Signature 	 	  
	 	 	 
	 	 	 
	Print Name 	 	  
	 	 	 
	 	 	 
	Title (if applicable) 	 	  
	 	 	 
	 	 	 
	Address 	 	  
	 	 	 
	 	 	 

	SCHEDULE 4 
	TO THE SHARE EXCHANGE AGREEMENT 
	AMONG TECHNOLOGY PUBLISHING, INC. AND NEXAIRA INC. 
	AS SET OUT IN THE SHARE EXCHANGE AGREEMENT 
	  
	CERTIFICATE OF U.S. SHAREHOLDER

In connection with the issuance of common stock (the “Pubco
Shares”) of TECHNOLOGY PUBLISHING, INC., a Nevada corporation (“Pubco”), to the
undersigned, pursuant to that certain Share Exchange Agreement dated September
28, 2009 (the “Agreement”), among Pubco, the Pubco Subsidiary, NexAira Inc., an
Alberta corporation (“Priveco”), the Priveco Subsidiary and all of the security
holders of Priveco as set out in the Agreement. Capitalized terms used but not
otherwise defined in this Certificate shall have the meanings given to such
terms in the Agreement. The undersigned Priveco Security Holder hereby agrees,
acknowledges, represents and warrants that:

     1. the undersigned satisfies one
or more of the categories of “Accredited Investors”, as defined by Regulation D
promulgated under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”), as indicated below: (Please initial in the space provide
those categories, if any, of an “Accredited Investor” which the undersigned
satisfies.)

		_____	Category 1 	
      An organization described in Section 501(c)(3) of the
      United States Internal Revenue Code, a corporation, a Massachusetts or
      similar business trust or partnership, not formed for the specific purpose
      of acquiring the Shares, with total assets in excess of US $5,000,000.
    

	 	 	  	
       

		_____	Category 2 	
      A natural person whose individual net worth, or joint net
      worth with that person’s spouse, on the date of purchase exceeds US
      $1,000,000. 

	 	 	  	
       

		_____	Category 3 	
      A natural person who had an individual income in excess
      of US $200,000 in each of the two most recent years or joint income with
      that person’s spouse in excess of US $300,000 in each of those years and
      has a reasonable expectation of reaching the same income level in the
      current year. 

	 	 	  	
       

		_____	Category 4 	
      A “bank” as defined under Section (3)(a)(2) of the U.S.
      Securities Act or savings and loan association or other institution as
      defined in Section 3(a)(5)(A) of the U.S. Securities Act acting in its
      individual or fiduciary capacity; a broker dealer registered pursuant to
      Section 15 of the Securities Exchange Act of 1934 (United States);
      an insurance company as defined in Section 2(13) of the U.S. Securities
      Act; an investment company registered under the Investment Company Act
      of 1940 (United States) or a business development company as
      defined in Section 2(a)(48) of such Act; a Small Business Investment
      Company licensed by the U.S. Small Business Administration under Section
      301(c) or (d) of the Small Business Investment Act of 1958 (United
      States); a plan with total assets in excess of $5,000,000 established and
      maintained by a state, a political subdivision thereof, or an agency or
      instrumentality of a state or a political subdivision thereof, for the
      benefit of its employees; an employee benefit plan within the meaning of
      the Employee Retirement Income Security Act of 1974 (United States)
      whose investment decisions are made by a plan fiduciary, as defined in
    

- 2 -

				
      Section 3(21) of such Act, which is either a bank,
      savings and loan association, insurance company or registered investment
      adviser, or if the employee benefit plan has total assets in excess of
      $5,000,000, or, if a self-directed plan, whose investment decisions are
      made solely by persons that are accredited investors. 

	 	 	  	
      

		_____	Category 5 	
      A private business development company as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940 (United
      States). 

	 	 	  	
      

		_____	Category 6 	
      A director or executive officer of Priveco who will
      continue to be a director or executive officer of Pubco after the Closing.
      

	 	 	  	
      

		_____	Category 7 	
      A trust with total assets in excess of $5,000,000, not
      formed for the specific purpose of acquiring the Priveco Securities, whose
      purchase is directed by a sophisticated person as described in Rule
      506(b)(2)(ii) under the U.S. Securities Act. 

	 	 	  	
      

		_____	Category 8 	
      An entity in which all of the equity owners satisfy the
      requirements of one or more of the foregoing categories.

Note that for any of the Priveco
Security Holders claiming to satisfy one of the above categories of Accredited
Investor may be required to supply Pubco with a balance sheet, prior years’
federal income tax returns or other appropriate documentation to verify and
substantiate the undersigned’s status as an Accredited Investor.

If the Priveco Security Holder is an
  entity which initialled Category 8 in reliance upon the Accredited Investor
  categories above, state the name, address, total personal income from all sources
  for the previous calendar year, and the net worth (exclusive of home, home furnishings
  and personal automobiles) for each equity owner of the said entity: 

  

2. In the absence of making a selection of one or more of the
above listed Categories, the Priveco Security Holder covenants, represents and
warrants to Pubco that:

(a) the Priveco Security Holder has
adequate means of providing for current needs and contingencies, has no need for
liquidity in the investment, and is able to bear the economic risk of an
investment in the Pubco Securities of the size contemplated. The Priveco
Security Holder represents that the Priveco Security Holder could afford a
complete loss of such investment. The Priveco Security Holder has had a full
opportunity to inspect the books and records of Pubco and to make any and all
inquiries of Pubco officers and directors regarding Pubco and its business as
The Priveco Security Holder has deemed appropriate;

(b) the Priveco Security Holder, either
alone or with The Priveco Security Holder’s professional advisers who are
unaffiliated with, have no equity interest in and are not compensated by Pubco
or any affiliate or selling agent of Pubco, directly or indirectly, has
sufficient knowledge and experience in financial and business matters that The
Priveco Security Holder is capable of evaluating the merits and risks of an
investment in the Pubco Securities and of making an informed investment decision
with respect thereto and has the capacity to protect 

- 3 -

the Priveco Security Holder’s own
interests in connection with The Priveco Security Holder’s proposed investment
in the Pubco Securities;

(c) the Priveco Security Holder
represents that the Priveco Security Holder has a pre-existing personal or
business relationship* with Pubco or any of its managers, officers or
controlling persons;

* The term “pre-existing personal or
business relationship” includes any relationship consisting of personal or
business contacts of a nature and duration which would enable a reasonably
prudent The Priveco Security Holder to be aware of the character, business
acumen and general business and financial circumstances of the person with whom
the relationship exists;

(d) the Priveco Security Holder has had
a reasonable opportunity to review Pubco’s annual report on Form 10-K for the
year ended August 31, 2008 filed on December 2, 2008, together with the audited
consolidated financial statements contained therein and the subsequent quarterly
reports on Form 10-Q filed on January 14, 2009, April 14, 2009 and July 15,
2009, together with the unaudited financial statements contained therein, all of
which have been provided to the Priveco Security Holder and are publicly
available on the Securities and Exchange Commission’s website at
www.sec.gov;

(e) the Priveco Security Holder
understands that the Pubco Securities are being offered and sold in reliance on
a transactional exemption from the registration requirement of federal, state
and provincial securities laws and Pubco is relying upon the truth and accuracy
of the representations, warranties, agreements, acknowledgments and
understandings of such Priveco Security Holder set forth herein in order to
determine the applicability of such exemptions and the suitability of such
Priveco Security Holder to acquire the Pubco Securities;

(f) the Priveco Security Holder
understands that the Pubco Securities must be held indefinitely unless such
Securities are registered under the 1933 Act or an exemption from registration
is available. The Priveco Security Holder acknowledges that it is familiar with
Rule 144 of the rules and regulations of the Securities and Exchange Commission,
as amended, promulgated pursuant to the 1933 Act (“Rule 144”), and that it has
been advised that Rule 144 permits resales only under certain circumstances. The
Priveco Security Holder understands that to the extent that Rule 144 is not
available, the Priveco Security Holder will be unable to sell any Pubco
Securities without either registration under the 1933 Act or the existence of
another exemption from such registration requirement;

(g) the Priveco Security Holder
acknowledges that such Priveco Security Holder has had the opportunity to ask
questions of and receive answers from, or obtain additional information from,
the executive officers of Pubco concerning the financial and other affairs of
Pubco, and to the extent deemed necessary in light of such Priveco Security
Holder’s personal knowledge of Pubco’s affairs, such Priveco Security Holder has
asked such questions and received answers to the full satisfaction of such
Priveco Security Holder;

(h) the Priveco Security Holder is
acquiring the Pubco Securities as principal for its own account, for investment
purposes only, and not with a view to, or for, resale, distribution or
fractionalization thereof, in whole or in part, and no other person has a direct
or indirect beneficial interest in such Pubco Securities;

(i) the Priveco Security Holder is not
an “underwriter” (as such term is defined in Section 2(11) of the 1933 Act) of
any securities of Pubco;

- 4 -

(j) the Priveco Security Holder is not
acquiring the Pubco 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;

(k) the sale of the Pubco Securities
that are the subject of the Agreement have not been qualified with the
Commissioner of Corporations of the State of California and the issuance of the
Pubco Securities or the payment or receipt of any part of the consideration
therefor prior to the qualification is unlawful, unless the sale of the Pubco
Securities is exempt from the qualification by Section 25100, 25102, or 25105 of
the California Corporations Code. The rights of all parties to the Agreement are
expressly conditioned upon the qualification being obtained, unless the sale is
so exempt;

(l) in addition to the representations
set out in paragraphs (a) through (j) above, the Priveco Security Holder
represents and warrants that the Priveco Security Holder satisfies one of the
following three categories (mark the appropriate category):

	 	(i) 	
      _________ a close personal friend (by reason of the fact
      that you have known such individual for a sufficient period of time and in
      a sufficiently close relationship to be in a position to assess the
      capabilities and the trustworthiness of such individual) of Mark Sampson,
      Brad Weinert, Jim Gray, Garry Bourns, Bernard Parkinson, Ralph Proceviat,
      Carl Silva, JR Yakel, Rusty Wright, Sherrill Aspin, or any other director
      or officer of Priveco, or of an affiliate of Priveco;

	 	 	 
	 	(ii) 	
      _________ a close business associate (by reason of the
      fact that you have had sufficient prior business dealings with such
      individual to be in a position to assess the capabilities and
      trustworthiness of such individual) of Mark Sampson, Brad Weinert, Jim
      Gray, Garry Bourns, Bernard Parkinson, Ralph Proceviat, Carl Silva, JR
      Yakel, Rusty Wright, Sherrill Aspin or any other director or officer of
      Priveco, or of an affiliate of Priveco; or

	 	 	 
	 	(iii) 	
      _________ a consultant who spends a significant amount of
      time providing consulting services to Priveco pursuant to a written
      agreement, and who will continue to provide such services following the
      closing of the Agreement.

     3. none of the Pubco Securities
have been or will be registered under the U.S. Securities Act, or under any
state securities or “blue sky” laws of any state of the United States, and 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, except in accordance with the
provisions of Regulation S or pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the U.S. Securities Act and in
compliance with any applicable state and foreign securities laws;

     4. the Priveco Security Holder
understands and agrees that offers and sales of any of the Pubco Securities
shall be made only in compliance with the registration provisions of the U.S.
Securities Act or an exemption therefrom and in each case only in accordance
with applicable state and foreign securities laws;

     5. the Priveco Security Holder
understands and agrees not to engage in any hedging transactions involving any
of the Pubco Securities unless such transactions are in compliance with the 

- 5 -

provisions of the U.S. Securities Act and in each case only in
accordance with applicable state and provincial securities laws;

     6. the Priveco Security Holder is
acquiring the Pubco Securities for investment only and not with a view to resale
or distribution and, in particular, it has no intention to distribute either
directly or indirectly any of the Pubco Securities in the United States or to
U.S. Persons;

     7. except as set out in the
Agreement, Pubco has not undertaken, and will have no obligation, to register
any of the Pubco Securities under the U.S. Securities Act;

     8. Pubco is entitled to rely on
the acknowledgements, agreements, representations and warranties and the
statements and answers of the Priveco Security Holder contained in the Agreement
and this Certificate, and the Priveco Security Holder will hold harmless Pubco
from any loss or damage either one may suffer as a result of any such
acknowledgements, agreements, representations and/or warranties made by the
Priveco Security Holder not being true and correct;

     9. the undersigned has been
advised to consult their own respective legal, tax and other advisors with
respect to the merits and risks of an investment in the Pubco Securities and,
with respect to applicable resale restrictions, is solely responsible (and Pubco
is not in any way responsible) for compliance with applicable resale
restrictions;

     10. the undersigned and the
undersigned’s advisor(s) have had a reasonable opportunity to ask questions of
and receive answers from Pubco in connection with the acquisition of the Pubco
Securities under the Agreement, and to obtain additional information, to the
extent possessed or obtainable by Pubco without unreasonable effort or
expense;

     11. the books and records of
Pubco were available upon reasonable notice for inspection, subject to certain
confidentiality restrictions, by the undersigned during reasonable business
hours at its principal place of business and that all documents, records and
books in connection with the acquisition of the Pubco Securities under the
Agreement have been made available for inspection by the undersigned, the
undersigned’s attorney and/or advisor(s);

     12. the undersigned (i) is able
to fend for itself in connection with the acquisition of the Pubco Securities;
(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 Pubco
Securities; and (iii) has the ability to bear the economic risks of its
prospective investment and can afford the complete loss of such investment;

     13. the undersigned is not aware
of any advertisement of any of the Pubco Securities and is not acquiring the
Pubco 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;

     14. except as set out in the
Agreement, no person has made to the undersigned any written or oral
representations:

	 	(a) 	
      that any person will resell or repurchase any of the
      Pubco Securities;

	 	 	 
	 	(b) 	
      that any person will refund the purchase price of any of
      the Pubco Securities;

- 6 -

	 	(c) 	
      as to the future price or value of any of the Pubco
      Securities; or

	 	 	 
	 	(d) 	
      that any of the Pubco Securities will be listed and
      posted for trading on any stock exchange or automated dealer quotation
      system or that application has been made to list and post any of the Pubco
      Securities on any stock exchange or automated dealer quotation system,
      except that currently certain market makers make market in the common
      shares of Pubco on the OTC Bulletin Board;

     15. none of the Pubco Securities
are listed on any stock exchange or automated dealer quotation system and,
except as set out in the Agreement, no representation has been made to the
undersigned that any of the Pubco Securities will become listed on any stock
exchange or automated dealer quotation system, except that currently certain
market makers make market in the common shares of Pubco on the OTC Bulletin
Board;

     16. the undersigned is acquiring
the Pubco Securities as principal for their own account, for investment purposes
only, and not with a view to, or for, resale, distribution or fractionalization
thereof, in whole or in part, and no other person has a direct or indirect
beneficial interest in the Pubco Securities; 

     17. neither the SEC nor any other
securities commission or similar regulatory authority has reviewed or passed on
the merits of the Pubco Securities;

     18. the undersigned acknowledges
and agrees that Pubco shall refuse to register any transfer of Pubco Securities
not made in accordance with the provisions of Regulation S, pursuant to
registration under the U.S. Securities Act, or pursuant to an available
exemption from registration under the U.S. Securities Act;

     19. the undersigned understands
and agrees that the Pubco Securities will bear the following legend:

	 	
      “NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
      REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
      “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
      MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
      (AS DEFINED HEREIN) OR TO U.S. PERSONS 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. “UNITED STATES” AND “U.S. PERSON” ARE AS
      DEFINED BY REGULATION S UNDER THE 1933 ACT.”; 
	 

     20. the address of the undersigned
  included herein is the sole address of the undersigned as of the date of this
  certificate.; 

     21. the undersigned is the beneficial
  owner of the Priveco Securities free and clear of all liens, charges and encumbrances
  of any kind whatsoever; 

     22. other than the constating documents
  of Priveco, there are no written instruments, buy-sell agreements, registration
  rights or agreements, voting agreements or other agreements by and between or
  among the undersigned and any other Person, imposing any restrictions upon the
  transfer, prohibiting the transfer of or otherwise pertaining to the Priveco
  Securities or the ownership thereof;

     23. no Person has or will have
any agreement or option or any right capable at any time of becoming an
agreement to purchase or otherwise acquire the Priveco Securities or require the
undersigned 

- 7 -

to sell, transfer, assign, pledge, charge, mortgage or in any
other way dispose of or encumber any of the Priveco Securities other than under
this Agreement;

     24. the undersigned waives all
claims and actions connected with the issuance of or rights attached to the
Priveco Securities, including without limitation, the benefit of any
representations, warranties and covenants in favour of the undersigned contained
in any share purchase or subscription agreement(s) for such Priveco Securities;
and any registration, liquidation, or any other rights by and between or among
the undersigned and any other Person, which may be triggered as a result of the
consummation of the Transaction;

     25. pursuant to British Columbia
Instrument 51-509 – Issuers Quoted in the U.S. Over –the-Counter Markets (“BCI
51-509”), as adopted by the British Columbia Securities Commission, a subsequent
trade in any of the Pubco Securities in or from British Columbia will be a
distribution subject to the prospectus and registration requirements of
applicable Canadian securities legislation (including the British Columbia
Securities Act) unless certain conditions are met, which conditions include,
among others, a requirement that any certificate representing the Pubco
Securities (or ownership statement issued under a direct registration system or
other book entry system) bear the restrictive legend (the "BC Legend") specified
in BCI 51-509;

     26. the Priveco Security Holder
is not a resident of British Columbia and undertakes not to trade or resell any
of the Pubco Securities in or from British Columbia unless the trade or resale
is made in accordance with BCI 51.509; 

     27. others will rely upon the
truth and accuracy of the representations and warranties contained in this
Certificate and agrees that if such representations and warranties are no longer
accurate or have been breached, the Priveco Security Holder shall immediately
notify the Company;

     28. by executing and delivering
the Agreement and as a consequence of the representations and warranties made by
the the Priveco Security Holder contained in this Certificate, the Priveco
Security Holder will have directed the Company not to include the BC Legend on
any certificates representing any of the Pubco Securities to be issued to the
Priveco Security Holder. As a consequence, the Priveco Security Holder will not
be able to rely on the resale provisions of BCI 51-509, and any subsequent trade
in any of the Pubco Securities in or from British Columbia will be a
distribution subject to the prospectus and registration requirements of the
British Columbia Securities Act; and

     29. if the Priveco Security
Holder wishes to trade or resell any of the Pubco Securities in or from British
Columbia, the Priveco Security Holder agrees and undertakes to return, prior to
any such trade or resale, any certificate representing the Pubco Securities to
the Company’s transfer agent or the Company, as applicable, to have the BC
Legend imprinted on such certificate or to instruct the Company’s transfer agent
to include the BC Legend on any ownership statement issued under a direct
registration system or other book entry system.

IN WITNESS WHEREOF, I have executed this Certificate of U.S.
Shareholder.

	                                                                                                                                               	 	Date: _______________ , _________
	Signature 	 	  
	 	 	 
	 	 	 
	Print Name 	 	  
	 	 	 
	 	 	 
	Title (if applicable) 	 	  
	 	 	 
	 	 	 
	Address 	 	  
	 	 	 
	 	 	 

	SCHEDULE 5 
	TO THE SHARE EXCHANGE AGREEMENT 
	AMONG TECHNOLOGY PUBLISHING, INC. AND NEXAIRA INC. 
	AS SET OUT IN THE SHARE EXCHANGE AGREEMENT 
	  
	DIRECTORS AND OFFICERS OF PRIVECO

	Directors: 	  
	Mark Sampson 	  
	Brad Weinert 	  
	Jim Grey 	  
	Garry Bourns 	  
	Bernard Parkinson 	  
	Ralph Proceviat 	  
	  	  
	Officers: 	  
	Name 	Office 
	Mark Sampson 	President and Chief Executive Officer 
	Ralph Proceviat 	Chief Financial Officer 
	Carl Silva 	Chief Scientist and Vice President of
      Technology 
	JR Yakel 	Vice President of Sales 
	Rusty Wright 	Vice President of Marketing and Products 
	Sherrill Aspin 	Corporate Secretary 

	SCHEDULE 6 
	TO THE SHARE EXCHANGE AGREEMENT 
	AMONG TECHNOLOGY PUBLISHING, INC. AND NEXAIRA INC. 
	AS SET OUT IN THE SHARE EXCHANGE AGREEMENT 
	  
	DIRECTORS AND OFFICERS OF PUBCO

	Directors: 	  
	Slawek Kajko 	  
	Edward Dere 	  
	  	  
	Officers: 	  
	Name 	Office 
	Slawek Kajko 	President, Secretary and Treasurer 
	Edward Dere 	Vice President

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