Document:

ASSET
      AND STOCK PURCHASE AGREEMENT

     

    January
      19, 2006

    

    THIS
      ASSET and STOCK PURCHASE AGREEMENT (this “Agreement”)
      is made
      and entered into as of January
      19,
      2007,
      by and among:

     

    
      	1)  	
              BLIVE
                NETWORKS INC, 51 Bayview Drive, Point Roberts, WA 98281, USA, a Delaware
                corporation (“BLive” or “Seller”); 

            

    

     

    
      	2)  	
              FORTE
                FINANCE LIMITED, 192 Old Bakery Road, Valleta, Malta VLT 08,
                (“Forte”);

            

    

     

    
      	3)  	
              PETROLEUM
                CORPORATION OF CANADA LIMITED, an Alberta corporation (“Petroleum
                Corp.”);
                and

            

    

     

    
      	4)  	
              TRIBEWORKS,
                INC., 2001 152nd
                Avenue NE, Redmond, WA 98052,
                USA, a Delaware corporation (“Tribeworks”
                or
                the “Purchaser”).

            

    

     

    WITNESSETH

     

    WHEREAS,
      the shareholders listed on Exhibit
      J
      own all
      of the issued shares in BLive; and 

     

    WHEREAS,
      BLive in turn owns 49 shares in INFOBUILD NETWORKS (CANADA) INC (“Infobuild”)
      and John Byrne (“Byrne”)
      owns 51
      shares in INFOBUILD NETWORKS (CANADA) INC (“Byrne Infobuild Shares”) and these
      100 shares comprise all of the issued and outstanding capital stock of
      Infobuild; and

     

    WHEREAS,
      BLive owns all of the assets recorded in the attached balance sheet of BLive
      (Schedule
      A)
      including the 49 shares in Infobuild, an advance to Infobuild (“Infobuild
      Advance”) and various computers, equipment and software more particularly
      detailed in the asset register headed Book Asset Detail (Schedule
      B)
      as well
      as various in-house developed software, computer hardware, source data, computer
      files, registered and unregistered patents, copyrights, trade names (including
      the name BLive Networks), trademarks, proprietary
      information, trade secrets, material and manufacturing specifications, patent
      licenses and all other
      intellectual property (collectively the “BLive Intellectual Property”). All of
      these assets described above and all of the other assets, tangible or
      intangible, except for the Excluded Assets, of BLive including but not limited
      to the Infobuild Advance and BLive Intellectual Property, all rights, title
      and
      interest under the BLive customer contracts, all customer lists of BLive, all
      rights to prepayments and accounts receivable of BLive, and all bank accounts
      of
      BLive, and licensed software are defined hereafter as the “BLive Assets”;

     

    WHEREAS,
      BLive desires to sell and transfer to Purchaser, and Purchaser desires to
      purchase and receive from BLive, the BLive Assets, for the consideration and
      upon the terms and subject to the conditions set forth in this
      Agreement;

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          1

        
          

        

      

      
        
        

      

    

     

    WHEREAS,
      BLive desires to assign to Petroleum Corp. the consideration from Purchaser
      for
      the sale of its Assets pursuant to the Agreement in exchange for good and
      valuable consideration;

     

    WHEREAS,
      Byrne desires to grant an option to the Purchaser, and Purchaser desires to
      enter into an option agreement for the consideration and upon the terms and
      subject to the conditions set forth in this Agreement;

     

    WHEREAS,
      concurrently with the execution and delivery of this Agreement, as a material
      inducement to Purchaser to enter into this Agreement, each Transferred Employee
      (as defined in Section
      3.6)
      has
      agreed to employment with Purchaser pursuant to a Transferred Employee Offer
      Letter (as defined below), the effectiveness of which is contingent on and
      subject to the Closing (as defined in Section
      3.1),
      in a
      form satisfactory to Purchaser, attached hereto as Exhibit
      A
      (the
“Transferred Employee Offer Letter”) and the appropriate attachments related
      thereto.

     

    NOW,
      THEREFORE, in consideration of the mutual agreements contained herein and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledge, it is agreed as follows:

     

    ARTICLE
      1.

     

    PURCHASE
      AND SALE OF THE BLIVE ASSETS

     

    1.1.  Purchase
      and Sale of BLive Assets.
      In
      consideration of the issuance by Purchaser to Petroleum Corp. of one million
      shares of Purchaser’s
      common
      stock, par value $0.004 per share (“PP
      Shares”)
      (the
“Purchase Price”) to be issued at the Closing, and subject to the terms and
      conditions set out below, BLive agrees to sell to the Purchaser, and the
      Purchaser agrees to purchase from BLive the BLive Assets. Purchaser is assuming
      none of the liabilities associated with BLive except for the Assumed
      Liabilities. Seller
      will execute and deliver to Purchaser a “Bill of Sale” conveying the BLive
      Assets to Purchasers, in the form attached hereto as Exhibit
      B.

     

    1.2.  The
      Excluded Assets shall be:

     

    1.2.1.  cash
      in
      BLive bank accounts up to a maximum of $5,000 (USD) 

     

    1.2.2.  all
      minute books, stock records and corporate seals;

     

    1.2.3.  all
      insurance policies and the rights thereunder;

     

    1.2.4.  all
      personnel records and other records that Seller is requires by law to retain
      in
      its possession;

     

    1.2.5.  all
      rights of Seller under this Agreement.

     

    1.3.  The
      Assumed Liabilities shall be:

     

    1.3.1.  Any
      liability arising out of the collection of any account receivable, including
      any
      counterclaim;

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          2

        
          

        

      

      
        
        

      

       

    

    1.3.2.  Any
      liability arising after the effective time of the Closing;

     

    1.4.  Restriction
      of Tribeworks Shares.
      The PP
      Shares:

     

    1.4.1.  will
      be
      restricted securities within the meaning of Rule 144 promulgated under the
      Securities Act of 1933, as amended (the "Securities Act") ("Rule 144") and
      will
      have a minimum restriction against resale of 12 months from the date of issuance
      (“Restricted Period”) endorsed on them, 

     

    1.4.2.  the
      offer
      and sale of the shares will not be registered under the Securities Act or any
      applicable state laws, 

     

    1.4.3.  Tribeworks
      will have no obligation, and makes no commitment to Petroleum Corp., to register
      the resale of any of the PP Shares in order to permit them to be publicly
      resold, except as provided in the registration rights agreement substantially
      in
      the form attached hereto as Exhibit
      C,
      and

     

    1.4.4.  the
      exemption from the registration requirements of the Securities Act under Rule
      144 will not be available unless the terms and conditions of Rule 144 have
      been
      complied with,

     

    1.4.5.  At
      the
      end of the Restricted Period Petroleum Corp.
      may
      transfer or offer to transfer its PP Shares 30 days after it notifies Tribeworks
      of its intention to do so if (a) Petroleum Corp. provides or Tribeworks obtains
      an opinion of counsel reasonably satisfactory to Tribeworks that no registration
      (or perfection of any exemption) is required with respect to such transfer
      or
      offer to transfer or (b) an appropriate registration statement with respect
      to
      the PP Shares has been filed by Tribeworks with the United States Securities
      and
      Exchange Commission and any applicable state securities authority and declared
      effective by such Commission and authorities. At the end of the Restricted
      Period, Petroleum Corp. will be able to transfer its PP Shares only in
      accordance with applicable Federal and State securities laws.

     

    1.4.6.  Petroleum
      Corp. may not transfer the PP Shares during the Restricted Period. 

     

    1.5.  Escrow.
      Three
      hundred thousand (300,000) PP Shares will be issued and held in escrow for
      the
      benefit of Petroleum Corp. and Purchaser by a party to be mutually agreed upon
      by Petroleum Corp. and the Purchaser. 300,000
      PP Shares will
      be
      released as set forth below, pursuant to an “Escrow
      Agreement”,
      in
      substantially the same form attached as Exhibit
      D,
      between
      Petroleum Corp, Purchaser and an escrow agent to be agreed upon by the
      parties. 300,000 PP Shares shall be held in escrow until the earlier of:
      (a) one year from the date of Closing or (b) (i) the receipt of SR&ED tax
      refunds owed to Infobuild for calendar year 2005 (the “2005
      SR&ED Tax Refunds”)
      in the
      amount of Canadian dollars one hundred and twenty one thousand (121,000); (ii)
      the filing of SR&ED tax refunds owed to Infobuild for the year 2006 (the
“2006
      SR&ED Tax Refunds”)
      by
      Seller
      with
      Canada Revenue using the same procedures, methods of calculation and filing
      as
      for prior years such that the amount of 2006 SR&ED Tax Refunds will be at
      least Canadian dollars eighty nine thousand (89,000) for the year ending
      December 31, 2006; and (iii) confirmation from Seller that no additional third
      party debt exists that the Purchaser would have to assume.
      To the
      extent that the 2005 SR&ED Tax Refunds or any other form of refund from
      Canada Revenue does not equal or exceed Canadian dollars one hundred and twenty
      one thousand (121,000), then the number of PP Shares shall be reduced and
      cancelled by the number equal to the amount of Canadian dollars that the amount
      received falls short of Canadian dollars one hundred and twenty one thousand
      (121,000). Other than this Escrow provision, Seller offers no warranty
      whatsoever regarding the 2005 SR&ED Tax Refunds and 2006 SR&ED Tax
      Refunds. In the event the 2005 SR&ED Tax Refunds are delayed by Canada
      Revenue, the time period in this Section
      1.5
      shall be
      extended until the refunds are paid or Canada Revenue denies
      payment. 

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          3

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      2.

     

    PURCHASE
      OF TRIBEWORKS SHARES

     

    2.1.  Purchase
      of Tribeworks Inc. Shares.
      Contemporaneously with Closing and as a condition of Closing, Petroleum Corp.
      will subscribe for one hundred thousand (100,000) Tribeworks shares at a price
      of United States one dollar (US$1.00) per share (“Article
      2
      Shares”)
      using
      the Subscription Agreement, attached as Exhibit
      G,
      and
      also completing the registration
      rights agreement substantially in the form attached hereto as Exhibit
      C.
      These
      shares will
      be
      restricted securities within the meaning of Rule 144 and will have also have
      a
      minimum restriction on transfer of at least 12 months (“Restricted Period”)
      endorsed on them and be subject to the same terms and conditions as in
Section
      1.2.
      Contemporaneously
      with Closing and as a condition of Closing, Petroleum Corp. shall deliver
      the
      purchase price of $100,000 to Tribeworks in connection with the sale of Article
      2 Shares. 

     

    2.2.  Entitlement
      to Warrants. The
      subscription for these Tribeworks shares will also entitle Petroleum Corp.
      to a
      warrant to purchase up to an additional 300,000 Tribeworks shares at $1.25
      per
      share, by completing the form attached hereto as Exhibit
      H
      (the
“Warrant”), subscribed for on the terms set out in the “Warrant Subscription
      Agreement” in Exhibit
      L.
      Upon
      exercise of the Warrant, the Subscriber agrees to become a shareholder of the
      Company and to be bound by the terms of this Warrant Subscription Agreement.
      As
      consideration for the Warrant, the Subscriber hereby irrevocably tenders to
      the
      Company a cashier’s check (or personal check if so authorized by the Company) or
      wire transfer in the amount of $10.00 and other good and valuable consideration
      (the “Warrant Purchase Price”). The Warrant shall have a term of two (2) years.
The
      Warrant and any shares resulting therefrom will
      also
      be restricted securities within the meaning of Rule 144 and will have also
      be
      subject to the Restricted Period and be subject to the same terms and conditions
      as in Section 1.2. 

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          4

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      3.

     

    CLOSING

     

    3.1.  Closing.
      The
      closing of the purchase and sale of the BLive Assets (the “Closing”)
      shall
      be held via overnight courier or in person, as agreed by the parties, and shall
      be effective as of the date hereof (the “Closing
      Date”).

     

    3.2.  Delivery
      by Seller.
      At the
      Closing, the Seller shall cause to be delivered to Purchaser the following
      documents and instruments (the “Seller
      Documents”),
      all of
      which are dated on or effective as of the Closing Date:

     

    3.2.1.  all
      documents of title that including share certificate or certificates representing
      and evidencing the 49 shares in Infobuild duly endorsed in blank by an officer
      of BLive together with any other transfer documents to perfect the transfer
      of
      the BLive Assets to the Purchaser;

     

    3.2.2.  a
      certified resolution of the board of directors of BLive authorizing the
      execution of this Agreement and the consummation of the transactions
      contemplated hereby;

     

    3.2.3.  written
      acknowledgement of BLive’s bankers that they will redirect and credit all credit
      card receipts and sales revenue to the bank account of to be directed by the
      Purchaser. 

     

    3.2.4.  the
      password for all of BLive’s
      computers system, data centers, websites and any other storage devices such
      that
      the Purchaser can gain full and complete access to all of the BLive Intellectual
      Property; 

     

    3.2.5.  the
      minute book of Infobuild containing: (a) Infobuild’s
      Articles of Incorporation, (b) Infobuild’s
      Bylaws,
      (c) all corporate minutes and resolutions of Infobuild, and (d)
      Infobuild’s
      corporate seal; 

     

    3.2.6.  the
      financial records of Infobuild; 

     

    3.2.7.  the
      Bill
      of Sale conveying the BLive Assets to Purchaser;

     

    3.2.8.  the
      Assignment of Trademarks attached as Exhibit
      K;

     

    3.2.9.  the
      Assignment of Patent Licenses attached as Exhibit
      L;

     

    3.2.10.  the
      Option Agreement; and

     

    3.2.11.  an
      “Officer’s Certificate”, substantially in the form of Exhibit
      E
      to this
      Agreement, executed by a senior officer of BLive on behalf of BLive, which
      will
      include certification as to the representations and warranties made in this
      Agreement and a certification that the transaction has been approved by the
      shareholders of BLive and the board of directors of BLive.

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          5

        
          

        

      

      
        
        

      

    

     

    3.3.  Delivery
      by Purchasers.
      At the
      Closing, Purchaser will deliver to the Seller a
      certified resolution of the Purchaser authorizing the execution of this
      Agreement and the consummation of the transactions contemplated hereby.
      Purchaser will deliver 300,000 of PP Shares to an escrow agent to be determined
      by the parties (the “Escrow Agent”) at Closing. Purchaser shall deliver the
      balance of the PP Shares, the Article 2 shares and the Warrants to Petroleum
      Corp. at Closing. Purchaser shall deliver to Seller signed Employment Agreements
      with the Transferred Employees.

     

    3.4.  Closing
      Costs.
      After
      the Closing, Purchaser shall pay all documentary transfer taxes or fees, if
      any,
      associated with the purchase and sale of the 49 Infobuild shares from BLive.
      All
      other closing costs shall be allocated equally between Seller and Purchaser;
      provided,
      however,
      that
      each party shall be responsible for the payment of the fees and expenses of
      their respective legal counsel involved in this transaction.

     

    3.5.  BLive
      Bank Accounts.
      At
      Closing, BLive shall assign control and all of its rights and interests in
      the
      bank accounts set forth on Schedule
      4.5
      to
      Purchaser. 

     

    3.6.  Employee
      Matters.
      Purchaser
      will make an offer of employment to each
      of
      the employees and/or consultants of BLive and Infobuild listed on Exhibit
      I
      to
      become an employee of Purchaser or a subsidiary thereof. 

     

    3.6.1 All
      employees of BLive and Infobuild as of the Closing Date who are not listed
      on
Exhibit
      I,
      as
      updated as of the Closing Date, are referred to herein as “Non-Transferred
      Employees.” The employees listed on Exhibit
      I
      (which
      may be updated until the Closing Date by Purchaser) are referred to herein
      as
      the “Transferred Employees.” Each Transferred Employee has agreed to employment
      with Purchaser pursuant to a Transferred Employee Offer Letter, the
      effectiveness of which is contingent on and subject to the Closing. Each
      employee to whom an offer of employment is made by Purchaser or a subsidiary
      thereof and who accepts such offer shall
      become an employee of Purchaser or such subsidiary on the first business day
      following the Closing.
      

     

    3.6.2. As
      of or
      prior to the Closing Date, any and all agreements, or arrangements providing
      for
      Change of Control (as defined in the applicable plan) payments to any
      Transferred Employee (other than such agreements or arrangements respecting
      the
      vesting of restricted stock, options or the termination of options held by
      such
      Transferred Employees, payments made with respect to termination of options
      or
      payments of the exercise price of any such options pursuant to agreements in
      effect on the date hereof) will be terminated and neither BLive nor Infobuild
      will be obligated to make any such payments to any Transferred Employee in
      connection with the transactions contemplated herein. 

     

    3.6.3 Contemporaneously
      with the Closing or at the next regular payroll date, BLive and Infobuild shall:
      (a) pay to each Transferred Employee all amounts such employee would have
      received from BLive or Infobuild under an incentive or performance bonus plan;
      (b) pay each Transferred Employee for such employee’s unused vacation time
      accrued but unpaid as of the Closing Date; and (c) pay each Transferred Employee
      all wages accrued but unpaid as of the Closing Date (collectively, the
“Transferred
      Employee Final Payments”).

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          6

        
          

        

      

      
        
        

      

    

     

    3.6.4 This
      Section
      3.6
      is an
      agreement solely between the Purchasers, BLive and Infobuild. Nothing in this
      Section
      3.6,
      whether
      express or implied, shall be considered to be a contract between the Purchasers,
      BLive or Infobuild and any other person, or shall confer upon any employee
      of
      BLive or Infobuild, any employee of Purchaser, any Transferred Employee or
      any
      other person, any rights or remedies that such person did not already have,
      including, (a) any right to employment or recall, (b) any right to continued
      employment of any specified person, or (c) any right to claim any particular
      compensation, benefit or aggregation of benefits of any kind or nature
      whatsoever.

     

    3.7. Shareholder
      and Board of Director Approval.
      At
      Closing, the transaction contemplated hereby shall have been approved by the
      requisite vote under applicable laws and the certificate of incorporation and
      bylaws of BLive, by the stockholders of BLive (the “Stockholder
      Approval”)
      and
the
      transactions contemplated hereby have been duly authorized by the board of
      directors of BLive.

     

    ARTICLE
      4.

     

    SELLER’S
      REPRESENTATIONS AND WARRANTIES

     

    The
      Seller, and Petroleum Corp. and Forte where specifically stated, make the
      following representations and warranties to the Purchaser, which representations
      and warranties are true and correct as of the Closing Date:

     

    4.1.  Authority.
      The
      execution of this Agreement by the Seller and the performance of the
      transactions contemplated hereby have been duly authorized by the board of
      directors of BLive.

     

    4.2.  Capital
      Stock of Infobuild.
      The
      authorized capital stock of Infobuild consists solely of 50,000 authorized
      shares of Infobuild stock, of which 100 shares are currently issued and
      outstanding. All of the outstanding shares of Infobuild stock are validly
      issued, fully paid and nonassessable. There are no outstanding options,
      warrants, calls, commitments or subscriptions relating to Infobuild’s
      authorized and unissued capital stock. Without Purchaser’s
      consent, Infobuild will not issue additional shares of its stock prior to the
      expiration of the Option.

     

    4.3.  Ownership
      of Shares.
      BLive
      is the owner of forty-nine (49) of the outstanding shares of Infobuild stock,
      which equals 49% of the issued and outstanding Infobuild stock and that Byrne
      owns the other fifty-one (51) outstanding shares of Infobuild stock, which
      equal
      51% of the issued and outstanding Infobuild stock.

     

    4.4.  Bank
      Account.
      That
      Infobuild only has one bank account with the Royal Bank of Canada, White Rock
      Branch, the account number which is set forth on Schedule
      5.4,
      and
      that this bank account will have a positive cash balance. 

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
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          7

        
          

        

      

      
        
        

      

    

     

    4.5.  Review
      of Infobuild Operations.
      BLive
      has provided the financial statements of BLive and Infobuild attached hereto
      as
Schedules
      5.5(a) and 5.5(b),
      which
      set out the financial position of BLive and Infobuild as of the dates indicated
      thereon. These financial statements and the documents sent to Purchaser by
      the
      Seller by various emails and faxes (along with an interview of staff which
      was
      summarized in all material respects back to the Seller in an email of January
      2,
      2007 from Mike Murphy to Stephen Fowler) are a materially accurate reflection
      of
      the BLive Assets and financial position, Assets, and operations of BLive and
      Infobuild. There have not been any material adverse changes to the financial
      condition of BLive or Infobuild from the date that Schedules
      5.5(a) and 5.5(b)
      were
      provided until Closing.

     

    4.6.  Ownership
      of Assets.
      BLive
      has
      good and marketable title to all of the BLive Assets it owns, or purports to
      own, and a valid leasehold interest in all leased assets included within the
      BLive Assets, free and clear of any liens. The execution and delivery of the
      Seller Documents by the Seller at the Closing will convey to and vest in
      Purchaser good and marketable title to the owned BLive Assets, free and clear
      of
      any liens. The BLive Assets, including any BLive Assets held under leases or
      licenses are transferred AS IS without warranty as to condition. Neither the
      execution or delivery of the Seller Documents nor the consummation of the
      transactions contemplated thereby, including the sale of the BLive Assets to
      Purchaser, will conflict with or result in the breach of any term or provision
      of, require consent or violate or constitute a default under (or an event that
      with notice or lapse of time or both would constitute a breach or default),
      and
      contract of Seller which would have a materially adverse impact on Seller or
      result in the creation of any lien on the BLive Assets. 

     

    4.7.  Intellectual
      Property Rights.
      To the
      best of Seller’s knowledge, Seller has the right to use all BLive Intellectual
      Property used by Seller or necessary in connection with the operation of the
      business of BLive without infringing on or otherwise acting adversely to the
      rights or claimed rights of any person, and Seller is not obligated to pay
      any
      royalty or other consideration to any person in connection with the use of
      any
      such BLive Intellectual Property. To the knowledge of Seller, no other person
      is
      infringing the rights of any Seller in any of its BLive Intellectual
      Property.

     

    4.8.  Litigation.
      There
      are
      currently no pending or, to the knowledge of Seller, threatened lawsuits,
      administrative proceedings or reviews, or formal or informal complaints or
      investigations or inquiries (including, without limitation, grand jury
      subpoenas) (collectively, “Litigation”)
      by any
      individual, corporation, partnership, governmental body or other entity
      (collectively, a “Person”)
      against Seller or Infobuild that would result in a material adverse effect.
      Seller is not subject to or bound by any currently existing judgment, order,
      writ, injunction or decree that relates in any way to the BLive
      Assets.

     

    4.9.  Taxes.
      To
      the
      best of Seller’s knowledge, all
      federal, state, local and other tax returns, notices and reports (including
      income, property, sales, use, franchise, withholding, single business, social
      security and unemployment tax returns) required to be filed by Seller have
      been
      accurately prepared and duly and timely filed, all taxes required to be paid
      with respect to the periods covered by any such returns have been timely paid
      (including any taxes owed on behalf of any third person) and there are no liens
      for taxes BLive Assets.

     

    4.10.  Transferred
      Employees.
      The
      Transferred Employees have entered into the Transferred Employee Offer
      Letters.

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
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          8

        
          

        

      

      
        
        

      

    

     

    4.11.  Accredited
      Investors.
      Petroleum Corp represents and warrants and
      the
      person signing on its behalf represent and warrant that either:
      (a)
all
      owners of equity interests in Petroleum Corp. each:
      (i)
have
      a
      personal net worth or joint net worth with his spouse in excess of $1,000,000,
      or (ii) have individual income (not joint income with his spouse) in excess
      of
      $200,000 in each of the two most recent years or joint income with his spouse
      in
      excess of $300,000 in each of those years and (in either case) has a reasonable
      expectation of reaching the same income level in the current year, and he has
      no
      reason to anticipate any change in personal circumstances, financial or
      otherwise, that may cause or require any resale of their respective PP Shares
      or
      the shares or warrants issued in connection with Article 2 or (ii) Petroleum
      Corp. otherwise qualifies as an “accredited investor” as that term is defined in
      Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as
      amended (the “Securities
      Act”).
      Purchasers may rely on the foregoing statement to the extent
      necessary.
      Seller
      makes no representation or warranty regarding this Paragraph 4.11.

     

    4.12.  Employee
      Benefit Plans.
      As of
      the Closing there will either (i) be no outstanding commitments, payments or
      obligations owed to any Transferred Employee associated with any employee
      benefit plans of BLive or Infobuild, or (ii) if there are any such commitments,
      payments or obligations, they will be assumed by BLive. 

     

    4.13.  Registered
      Broker.
      Forte
      represents and warrants that Forte is receiving 150,000 shares of Common Stock
      of the Company as an M&A advisory fee and confirms that it is not a
      registered broker as that term is defined in the Securities Exchange Act of
      1934. Seller makes no representation or warranty regarding this Paragraph
      4.13.

     

    4.14.  Representations
      and Warranties.
      Except
      for Section
      4.12,
      the
      Representations and Warranties set out in this Article 4 are made as of the
      date
      hereof and will be deemed to have been made as of the Closing Date.

     

    4.15.  Full
      Disclosure.
      No
      representation or warranty of the Seller contained in this Agreement, and
      nothing set forth herein or in the Exhibits and Schedules attached hereto,
      or in
      any document furnished or to be furnished to the Purchaser at the Closing,
      or in
      any other information or materials delivered by the Seller or Infobuild to
      the
      Purchaser (when read together), contains any untrue statement of a material
      fact
      or omits to state a material fact necessary in order to make the statements
      contained herein or therein not misleading in light of the circumstances under
      which they were made.

     

    ARTICLE
      5.

     

    PURCHASER’S
      REPRESENTATIONS AND WARRANTIES

     

    Purchaser
      makes the following representations and warranties to the Seller, which
      representations and warranties shall survive the execution and delivery of
      this
      Agreement and are true and correct as of the Closing Date:

     

    5.1.  Status.
      Purchaser is a corporation with full power (corporate or otherwise) and
      authority to enter into this Agreement and execute all documents required
      hereunder.

     

    5.2.  Authority.
      The
      execution of this Agreement by Purchaser and the performance of the transactions
      contemplated hereby including the issuance of the shares, have been duly
      authorized by the board of directors of Purchaser. This Agreement constitutes
      a
      valid and binding obligation of Purchaser enforceable in accordance with its
      terms. When issued to Petroleum Corp. the shares will be duly and validly
      issued, and fully paid and nonassessable and will have been issued in compliance
      with the securities laws of the United States and the applicable
      states.

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          9

        
          

        

      

      
        
        

      

    

     

    5.3.  Unregistered
      Securities.
      Purchaser acknowledges that the Shares being purchased pursuant to this
      Agreement are being sold in a transaction that has not been registered under
      the
      Securities Act. 

     

    5.4.  Review
      of Tribeworks.
      The
      Purchaser has made available to Seller and Petroleum Corp. its periodic reports
      filed with the Securities and Exchange Commission. 

     

    5.5.  Noncontravention.
      Neither
      the execution and the delivery of this Agreement, nor the consummation of the
      transactions contemplated hereby, will (A) violate any constitution, statute,
      regulation, rule, injunction, judgment, order, decree, ruling, charge, or other
      restriction of any government, governmental agency, or court to which the
      Purchaser is subject or (B) conflict with, result in a breach of, constitute
      a
      default under, result in the acceleration of, create in any party the right
      to
      accelerate, terminate, modify, or cancel, or require any notice under any
      agreement, contract, lease, license, instrument, or other arrangement to which
      the Purchaser is a party or by which Purchaser is bound or to which any assets
      of any Purchaser is subject.

     

    5.6.  Litigation.
      There
      are currently no pending or, to the knowledge of the Purchaser, threatened
      lawsuits, administrative proceedings or reviews, or formal or informal
      complaints or investigations or inquiries (including, without limitation, grand
      jury subpoenas) (collectively, “Litigation”)
      by any
      individual, corporation, partnership, governmental body or other entity
      (collectively, a “Person”)
      against
      Purchaser that would result in a material adverse effect to Purchaser.

     

    5.7.  Taxes.
      To the
      best of Purchaser’s
      knowledge, all federal, state, local and other tax returns, notices and reports
      (including income, property, sales, use, franchise, withholding, single
      business, social security and unemployment tax returns) required to be filed
      by
      Purchaser have been accurately prepared and duly and timely filed, all taxes
      required to be paid with respect to the periods covered by any such returns
      have
      been timely paid (including any taxes owed on behalf of any third person) and
      there are no liens for taxes.

     

    5.8.  Full
      Disclosure.
      No
      representation or warranty or other statement contained in this Agreement or
      made in connection with the purchase of shares, and nothing set forth herein
      or
      in the Exhibits and Schedules attached hereto, or in any document furnished
      or
      to be furnished to the Seller at the Closing, or in any other information or
      materials delivered by Purchaser to the Seller (when read together), contains
      any untrue statement of a material fact or omits to state a material fact
      necessary in order to make the statements contained herein or therein not
      misleading in light of the circumstances under which they were
      made.

     

    ARTICLE
      6.

     

    INDEMNIFICATION

     

    6.1.  Indemnification
      of Purchasers.
      

     

    6.1.1.  The
      Seller shall indemnify and hold the Purchaser harmless from any and all
      liabilities, obligations, claims, contingencies, damages, costs and expenses,
      including all court costs, litigation expenses and reasonable attorneys’ fees,
      that Purchaser may suffer or incur as a result of or relating to
      the
      breach of any representation or warranty made by the Seller in this Agreement
      or
      pursuant hereto (“Losses”). 

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          10

        
          

        

      

      
        
        

      

    

     

    6.1.2.  Indemnification
      of Purchasers.
      The
      Seller and Petroleum Corp. shall indemnify and hold the Purchaser harmless
      from
      any and all liabilities, obligations, claims, contingencies, damages, costs
      and
      expenses, including all court costs, litigation expenses and reasonable
      attorneys’ fees, that Purchaser may suffer or incur as a result of or relating
      to the breach of any representation or warranty made by the Seller in this
      Agreement or pursuant hereto (“Losses”), provided that 1) Petroleum Corp.’s
      liability under this Section 6.1 shall be limited to losses resulting from
      third
      party claims against Tribeworks and 2) the maximum of Petroleum Corp.’s
      liability in regards under this Section 6.1 and under the “Escrow
      Agreement”,
      in
      substantially the same form attached as Exhibit
      D
      in
      aggregate shall not exceed the value of the PP Shares (intitially 300,000)
      held
      in escrow.

     

    6.2.  Indemnification
      of Seller.
      Purchaser shall indemnify and hold the Seller and Petroleum Corp. harmless
      from any and all liabilities, obligations, claims, contingencies, damages,
      costs
      and expenses, including all court costs, litigation expenses and reasonable
      attorneys’ fees, that Seller or Petroleum Corp. may suffer or incur as a result
      of or relating to:

     

    6.2.1.  the
      breach of any representation or warranty made by Purchaser in this Agreement
      or
      pursuant hereto;

     

    6.2.2.  the
      breach of any covenant or agreement made by Purchaser in this Agreement or
      pursuant hereto or a violation of law; or

     

    6.2.3.  any
      claim
      for brokers’
      or
      finders’
      fees or
      agents’
      commissions arising from or through Purchaser or any of its affiliates in
      connection with the negotiation or consummation of the transactions contemplated
      by this Agreement;

     

    Purchaser’s
      liability under this Agreement shall not exceed the value of three hundred
      thousand (300,000) shares of Common Stock

     

    6.3.  Survival.
      The
      representations and warranties of the Seller, Petroleum Corp. and the Purchaser
      made in or pursuant to this Agreement will survive the execution and delivery
      of
      this Agreement and the consummation of the transactions contemplated hereby
      until the one-year anniversary of the Closing Date; provided, that: (a) if
      the
      violation of any representation or warranty would constitute a violation of
      law,
      such representation or warranty will survive until 30 days after expiration
      of
      the statute of limitations applicable to such violation (including any extension
      of such statute of limitations agreed to by the Sellers); and (b) any
      representation or warranty the violation of which is made the basis of a claim
      for indemnification pursuant to Section
      6.1
      or
6.2
      will
      survive until such claim is finally resolved if Purchaser notifies the Sellers,
      or if the Sellers notify the Purchaser, as applicable, of such claim in
      reasonable detail prior to the date on which such representation or warranty
      would otherwise expire hereunder. Without limiting the foregoing, no claim
      for
      indemnification pursuant to Section
      6.1
      or
6.2
      based on
      the breach of a representation or warranty may be asserted after the date on
      which such representation or warranty expires hereunder. The covenants and
      agreements of Seller, Petroleum Corp. and the Purchaser made in or pursuant
      to
      this Agreement will survive the execution and delivery of this Agreement and
      the
      consummation of the transactions contemplated hereby indefinitely.

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          11

        
          

        

      

      
        
        

      

    

     

    6.4.  Notice.
      Any
      party entitled to receive indemnification under this Article 6 (the “Indemnified
      Party”)
      agrees
      to give prompt written notice to the party or parties required to provide such
      indemnification (the “Indemnifying
      Parties”)
      upon
      the occurrence of any indemnifiable Loss or the assertion of any claim or the
      commencement of any action or proceeding in respect of which such a Loss may
      reasonably be expected to occur (each, a “Claim”),
      but
      the Indemnified Party’s
      failure
      to give such notice will not affect the obligations of the Indemnifying Party
      under this Article 6 except to the extent that the Indemnifying Party is
      materially prejudiced thereby. Such written notice will include a reference
      to
      the event or events forming the basis of such Loss or Claim and the amount
      involved, unless such amount is uncertain or contingent, in which event the
      Indemnified Party will give a later written notice when the amount becomes
      fixed.

     

    6.5.  Defense
      of Claims.

     

    6.5.1.  The
      Indemnifying Party may elect to assume and control the defense of any Claim,
      including the employment of counsel reasonably satisfactory to the Indemnified
      Party and the payment of expenses related thereto, if: (a) the Indemnifying
      Party acknowledges its obligation to indemnify the Indemnified Party for any
      Losses resulting from such Claim; (b) the Claim does not seek to impose any
      Liability on the Indemnified Party other than money damages; and (c) the Claim
      does not relate to the Indemnified Party’s
      relationship with any customer, employee or contractor.

     

    6.5.2.  If
      the
      conditions of Section
      6.5.1
      are
      satisfied and the Indemnifying Party elects to assume and control the defense
      of
      a Claim, then: (a) the Indemnifying Party will not be liable for any settlement
      of such Claim effected by the Indemnified Party without the Indemnifying
      Party’s
      consent, which consent will not be unreasonably withheld; (b) the Indemnifying
      Party may settle such Claim without the consent of the Indemnified Party; and
      (c) the Indemnified Party may employ separate counsel and participate in the
      defense thereof, but the Indemnified Party will be responsible for the fees
      and
      expenses of such counsel unless: (i) the Indemnifying Party has failed to
      adequately assume and actively conduct the defense of such Claim or to employ
      counsel with respect thereto; or (ii) in the reasonable opinion of the
      Indemnified Party, a conflict of interest exists between the interests of the
      Indemnified Party and the Indemnifying Party that requires representation by
      separate counsel, in which case the fees and expenses of such separate counsel
      will be paid by the Indemnifying Party.

     

    6.5.3.  If
      the
      conditions of Section
      6.5.1
      are not
      satisfied, the Indemnified Party may assume the exclusive right to defend,
      compromise, or settle such Claim, but the Indemnifying Party will not be bound
      by any determination of a Claim so defended or any compromise or settlement
      effected without its consent (which may not be unreasonably
      withheld).

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          12

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      7.

     

    MISCELLANEOUS

     

    7.1.  Notices.
      Any
      notices or other communications required or permitted hereunder shall be
      sufficiently given if in writing and (a) hand delivered, (b) transmitted by
      facsimile, or (c) sent by certified mail, return receipt requested, postage
      prepaid, addressed as shown below, or to such other address as the party
      concerned may substitute by written notice to the other. All notices hand
      delivered or transmitted by facsimile shall be deemed received on the date
      of
      delivery. All notices forwarded by mail shall be deemed received on a date
      three
      (3) days immediately following date of deposit in the U.S. Mail; provided,
      however, the return receipt indicating the date upon which all notices were
      received shall be prima facie
      evidence
      that such notices were received on the date on the return receipt.

     

    
      	 	If to Purchaser:	
              Tribeworks, Inc.

              
                2001
                  152nd
                  Avenue NE

                Redmond,
                  Washington 98052

                Attn:
                  Peter B. Jacobson, CEO

                Facsimile:
                  (425) 818-8832

              

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

            
	 	 	 
	 	 	
              Hughes
                & Luce, LLP

              1717
                Main Street, Suite 2800

              Dallas,
                Texas 75201

              Attn:
                I. Bobby Majumder, Partner

              Facsimile:
                (214) 939-5849

            
	 	 	 
	 	If to the Seller:	BLive Networks Inc
              51
                Bayview Drive, 

              Point
                Roberts, WA 98281, USA, 

              Attn:
                Stephen Fowler

              Facsimile:
                (360) 945-2112

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

            
	 	 	 
	 	 	
              Garvey
                Schubert Barer

              1191
                Second Avenue

              Eighteenth
                Floor

              Seattle,
                Washington 98101-2939

              Attn:
                Gary Swearingen

              Facsimile:
                (206) 464 0125

            
	 	 	 
	 	If to Petroleum Corp.:	Petroleum Corporation of Canada
              Limited
              2800,
                715-5 Avenue SW

              Calgary
                Alberta, T2P 2X6

              Attn:
                Dennis Nerland, Secretary

              Facsimilie:
                (403) 299-9601

            

    

                

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          13

        
          

        

      

      
        
        

      

    

     

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

            
	 	 	 
	 	 	
              Shea,
                Nerland, Calnan LLP 

              2800,
                715-5 Avenue SW, 

              Calgary
                Alberta, T2P 2X6

              Attn:
                Dennis Nerland

              Facsimilie:
                (403) 299-9601

            
	 	 	 
	 	If to Indemnitor:	
              Forte Finance Limited

              
                192
                  Old Bakery Road 

                Valleta,
                  Malta VLT 08

                Attn:
                  Stephen Fowler

                Facsimile:
                  (360) 945-2112

              

            

   

    The
      addresses and addressees may be changed by giving notice of such change in
      the
      manner provided herein for giving notice. Unless and until such written notice
      is received, the last address and addressee given shall be deemed to continue
      in
      effect. 

     

    7.2.  Assignment.
      This
      Agreement shall not be assigned by either party without the prior written
      consent of the other party.

     

    7.3.  Public
      Announcements.
      Neither
      party shall make any public announcement or press release concerning this
      Agreement nor the transactions contemplated hereby except as may be mutually
      agreed upon by the parties in writing; provided,
      however,
      that
      the Purchaser shall be permitted to make any disclosure required pursuant to
      applicable securities laws.

     

    7.4.  GOVERNING
      LAW.
      THIS
      AGREEMENT WILL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
      THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY
      CONFLICTS OF LAW RULE OR PRINCIPLE THAT MIGHT RESULT IN THE APPLICATION OF
      THE
      LAWS OF ANOTHER JURISDICTION.

     

    7.5.  Drafting.
      The
      language in all parts of this Agreement will be interpreted, in all cases,
      according to its fair meaning and not for or against any party hereto. Each
      party acknowledges that it and its legal counsel have reviewed and revised
      this
      Agreement and that the normal rule of construction to the effect that any
      ambiguities are to be resolved against the drafting party will not be employed
      in the interpretation of this Agreement.

     

    7.6.  Amendment
      and Waiver.
      This
      Agreement may not be amended except in a writing executed by all parties. Waiver
      of a term of this Agreement shall not affect any other term or subsequent
      performance of the waived term.

     

    7.7.  Relationship
      of the Parties.
      This
      Agreement shall not create any relationship between the parties except as
      expressly stated herein.

     

    7.8.  Prior
      Representations.
      No
      party is relying on any prior representation, agreement or action in executing
      this Agreement unless so stated herein.

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          14

        
          

        

      

      
        
        

      

    

     

    7.9.  Successors
      and Assigns.
      This
      Agreement and the terms and provisions hereof shall inure to the benefit of
      and
      be binding upon the parties hereto and their respective successors and permitted
      assigns.

     

    7.10.  Counterparts.
      This
      Agreement may be executed in one or more counterparts (including by facsimile
      or
      portable document format (.pdf)) for the convenience of the parties hereto,
      each
      of which will be deemed an original, but all of which together will constitute
      one and the same instrument.

     

    7.11.  Arbitration.
      Any
      controversy arising out of, or relating to, this Agreement or a breach, shall
      be
      settled by binding arbitration administered by the American Arbitration
      Association in accordance with its rules. A judgment upon an award rendered
      by
      the arbitrator may be entered in any court having jurisdiction. The initiating
      party shall give written notice to the other party of its decision to arbitrate
      by providing a specific statement setting forth the nature of the dispute,
      the
      amount involved, the remedy sought, and the hearing locale requested. The
      initiating party shall be responsible for all filing requirements and the
      payment of any fees according to the rules of the applicable regional office
      of
      the American Arbitration Association. The arbitrator shall award to the
      prevailing party, if any, as determined by the arbitrator, all of its costs
      and
      expenses including attorneys’
      fees,
      arbitrator’s
      fees,
      and out-of-pocket expenses of any kind. The consideration of the parties to
      be
      bound by arbitration is not only the waiver of access to determination by a
      court and/or jury, but also the waiver of any rights to appeal the arbitration
      finding. Arbitration shall take place in Redmond, Washington. 

     

    7.12.  Name
      Changes.
      No
      later than the fifth (5th) business day following the Closing, BLive will file
      all documents necessary to change its name (including any dba’s and including
      qualifications in all jurisdictions) to a name bearing no similarity to “BLive
      Networks Inc.” (the “BLive Name Change”). No later than the fifth (5th)
      business day after the BLive Name Change, Infobuild will file all documents
      necessary to change its name (including any dba’s and including qualifications
      in all jurisdictions) to “BLive Networks Inc.” if available in the applicable
      jurisdiction (including any dba’s and including qualifications in all
      jurisdictions.) Following the BLive
      Name Change, Seller will also open a bank account in the new name of BLive
      to be
      owned and controlled by Purchaser. 

     

    7.13.  Further
      Assurances.
      At or
      after the Closing, and without further consideration, the Seller and Byrne
      will
      execute and deliver to Purchaser such further instruments of conveyance and
      transfer, and take such other action, as Purchaser may reasonably request in
      order more effectively to convey and transfer the BLive Assets to Purchaser
      and
      to put Purchaser in operational control of the BLive Assets, for aiding,
      assisting, collecting and reducing to possession any of the BLive Assets and
      exercising rights with respect thereto or for fulfilling the obligations of
      the
      Seller and Byrne.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    BLIVE
      STOCK AND ASSET PURCHASE AGREEMENT

     

    
      
        
        

      

      
        PAGE
          15

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      parties have executed this instrument as of the date first written
      above.

    
      	 	 	 
	 	
              SELLER:

            
	 	 
	 	
              BLIVE
                NETWORKS INC.,

            
	 	 
	 	 
	
            	By:  	
            
	 	Name: 	
              
 
	 	Title: 	
              
 
	 	 	
              
 
	 	 	 
	 	
              PETROLEUM
                CORP.:

            
	 	 
	 	
              PETROLEUM
                CORPORATION OF CANADA LIMITED

            
	 	 	 
	 	 	 
	 	By:	 
	 	Name:	
              
 
	 	Title:	
              
 
	 	 	
              
 
	 	 	 
	 	
              FORTE: 

            
	 	 
	 	
              FORTE
                FINANCE LIMITED

            
	 	 	 
	 	By: 	 
	 	Name: 	
              
 
	 	Title:	
              
 
	 	 	
              
 

    

     

    [SIGNATURE
      PAGE TO STOCK AND ASSET PURCHASE
      AGREEMENT]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	
              PURCHASER:

            
	 	 
	 	
              TRIBEWORKS,
                INC.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
                

              

              Name: Peter
                B. Jacobson

              Title: Chief
                Executive Officer

            
	 	 	 
	 	
               

            

       

      [SIGNATURE
        PAGE TO STOCK AND ASSET PURCHASE AGREEMENT]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

    

    EXHIBIT
      A

    

    Transferred
      Employee Offer Letter

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    

    Bill
      of Sale

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

    

    Tribeworks
      Registration Rights Agreement

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D

    

    Escrow
      Agreement

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

    

    Officer’s
      Certificate

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F

    

    Intentionally
      Omitted

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      G

    

    Tribeworks
      Subscription Agreement 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      H

    

    Warrant

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      I

    

    Transferred
      Employees

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      J

    

    BLive
      Shareholders

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      K

    

    Assignment
      of Trademarks

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      L

    

    Warrant
      Subscription Agreement

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      A

    

    Balance
      Sheet of BLive Networks Inc. at December 31, 2006

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      B

    

    BLive
      Networks Inc. Book
      Asset Detail at December 31, 2006

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      4.5

    

    BLive
      Bank Accounts 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      5.4

    

    Infobuild
      Bank Accounts

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      5.5(a)

    

    Unaudited
      Financial Statements of BLive Networks Inc at December 31,
      2006

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      5.5(b)

    

    Unaudited
      Financial Statements of Infobuild Networks (Canada) Inc at December 31,
      2006REGISTRATION
      RIGHTS AGREEMENT

    

     

    This
      Registration Rights Agreement (this “Agreement”)
      is
      made and entered into as of January 19, 2007, by and between Tribeworks, Inc.,
      a
      Delaware corporation (the “Company”),
      and
      Petroleum Corporation of Canada Limited, an Alberta corporation (the
“Stockholder”),
      in
      connection with that certain Stock and Asset Purchase Agreement dated as of
      January 19, 2007 (the “Purchase
      Agreement”),
      by
      and between Tribeworks, BLive Networks Inc. and other parties. Capitalized
      terms used herein that are not otherwise defined have the meanings ascribed
      to
      such terms in the Purchase Agreement.

     

    RECITALS

     

    WHEREAS,
      pursuant to the Purchase Agreement, the Stockholder is acquiring one million
      one
      hundred thousand (1,100,000) shares (the “Shares”)
      of the
      common stock of the Company (the “Common
      Stock”);

     

    WHEREAS,
      the
      Shares are common stock, par value $0.01 per share (“Common
      Stock”),
      of
      the Company;

     

    WHEREAS,
      the
      Company desires to grant to the Stockholder certain registration rights relating
      to any Common Stock and the Stockholder desires to obtain such registration
      rights, on the terms and subject to the conditions set forth in this
      Agreement;

     

    WHEREAS,
      this
      Agreement is part of the consideration for the transactions contemplated by
      the
      Purchase Agreement, and the Stockholder has required that the Company enter
      into
      this Agreement as a condition to the consummation of the transactions
      contemplated by the Purchase Agreement; and

     

    WHEREAS,
      the
      Company is receiving, and will receive, substantial direct and indirect benefits
      from the consummation of the transactions contemplated by the Purchase
      Agreement;

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing premises and the mutual representations,
      warranties, covenants and agreements set forth herein, and
      other
      good and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, the
      parties agree as follows:

     

    1. Certain
      Definitions.
      As used
      in this Agreement, the following terms mean:

     

    (a) “Affiliate”
means,
      with respect to a specified Holder, (i) the
      meaning ascribed to such term in the Purchase Agreement; (ii)
      the
      spouse or children (or a trust exclusively for the benefit of the spouse or
      children) of the specified Holder; or (iii) in the case of a Holder that is
      a
      partnership, its partners.

     

    (b) “Commission”
means
      the Securities and Exchange Commission, or any successor agency; references
      in
      this Agreement to any rules, regulations or forms promulgated by the Commission
      shall include rules, regulations and forms succeeding to the functions thereof,
      whether or not bearing the same designation.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    (c) “Holder”
means
      the Stockholder or any transferee or assignee thereof to whom the rights under
      this Agreement are assigned in accordance with Section 9,
      provided that the Stockholder or such transferee or assignee then owns the
      Registrable Stock.

     

    (d) “Register,”
      “registered”
and
      “registration”
mean
      a
      registration effected by preparing and filing a registration statement or
      similar document in compliance with the 1933 Act and the declaration or ordering
      of effectiveness of such registration statement or similar
      document.

     

    (e) “Registrable
      Stock”
means
      any shares of Common Stock acquired by any Holder; provided,
      however,
      that
      any Registrable Stock shall cease to be Registrable Stock when (i) a
      registration statement covering such Registrable Stock has been declared
      effective and such Registrable Stock has been disposed of pursuant to such
      effective registration statement; (ii) such Registrable Stock is sold pursuant
      to Rule 144 (or any similar provision then in force) under the 1933 Act; (iii)
      such Registrable Stock is eligible to be sold pursuant to Rule 144(k) under
      the
      1933 Act; (iv) such Registrable Stock has been otherwise transferred, no stop
      transfer order affecting such stock is in effect and the Company has delivered
      new certificates or other evidences of ownership for such Registrable Stock
      not
      bearing any legend indicating that such shares have not been registered under
      the 1933 Act; or (v) such Registrable Stock is sold by a Person in a transaction
      in which the rights under the provisions of this Agreement are not
      assigned.

     

    (f) “Requesting
      Holder”
means
      a
      Holder or Holders of at least a majority of the Registrable Stock, in the
      aggregate.

     

    2. Piggy-Back
      Registration.
      Commencing immediately after the Closing Date, if the Company determines that
      it
      will file a registration statement under the 1933 Act (other than a registration
      statement on a Form S-4 or S-8 or filed in connection with an exchange offer
      or
      an offering of securities solely to the Company’s existing stockholders) on any
      form that would also permit the registration of the resale of the Registrable
      Stock and such filing is to be on the Company’s behalf or on behalf of selling
      holders of the Company’s securities for the general registration of Common Stock
      to be sold for cash, at each such time the Company shall promptly give each
      Holder written notice of such determination setting forth the date on which
      the
      Company proposes to file such registration statement, which date shall be no
      earlier than 30 days from the date of such notice, and advising each Holder
      of
      its right to have Registrable Stock included in such registration. Upon the
      written request of any Holder received by the Company no later than 20 days
      after the date of the Company’s notice, the Company shall use its commercially
      reasonable efforts to cause to be registered under the 1933 Act all of the
      Registrable Stock that each such Holder has so requested to be registered.
      If,
      in the written opinion of the managing underwriter or underwriters (or, in
      the
      case of a non-underwritten offering, in the written opinion of the placement
      agent, or if there is none, the Company), the total amount of such securities
      to
      be so registered, including such Registrable Stock, will exceed the maximum
      amount of the Company’s securities which can be marketed (a) at a price
      reasonably related to the then-current market value of such securities, or
      (b)
      without otherwise materially and adversely affecting the entire offering, then
      the amount of Registrable Stock to be offered for the accounts of Holders shall
      be reduced pro rata to the extent necessary to reduce the total amount of
      securities to be included in such offering to the recommended amount;
provided,
      however,
      that if
      securities are being offered for the account of other Persons as well as the
      Company, such reduction shall not represent a greater fraction of the number
      of
      securities intended to be offered by Holders than the fraction of similar
      reductions imposed on such other Persons other than the Company over the amount
      of securities such other Persons intended to offer.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    3. Expenses
      of Registration.
      The
      Company shall bear all expenses incurred in connection with each registration
      pursuant to Section
      2,
      excluding underwriters’ discounts and selling commissions, but including,
      without limitation, all registration, filing and qualification fees, word
      processing, duplicating, printers’ and accounting fees (including the expenses
      of any special audits or “cold comfort” letters required by or incident to such
      performance and compliance), exchange listing fees or National Association
      of
      Securities Dealers fees, messenger and delivery expenses, all fees and expenses
      of complying with securities or blue sky Laws and fees and disbursements of
      the
      Company’s legal counsel. The selling Holders shall bear and pay the underwriting
      commissions and discounts applicable to the Registrable Stock offered for their
      account in connection with any registrations, filings and qualifications made
      pursuant to this Agreement.

     

    4. Holdback
      Agreement.

     

    (a) Restrictions
      on Public Sale by Holder.
      To the
      extent not inconsistent with applicable law, each Holder whose Registrable
      Stock
      is included in a registration statement agrees not to effect any public sale
      or
      distribution of the issue being registered or any similar security of the
      Company, or any securities convertible into or exchangeable or exercisable
      for
      such securities, including a sale pursuant to Rule 144 under the 1933 Act,
      during the 14 days prior to, and during the 180-day period beginning on, the
      effective date of such registration statement (except as part of the
      registration), if and to the extent requested by the managing underwriter or
      underwriters in the case of an underwritten public offering or if and to the
      extent requested by the Company in the case of a nonunderwritten public
      offering.

     

    (b) Restrictions
      on Public Sale by the Company and Others.
      The
      Company agrees (i) not to effect any public sale or distribution of any
      securities similar to those being registered, or any securities convertible
      into
      or exchangeable or exercisable for such securities, during the 14 days prior
      to,
      and during the 90-day period beginning on, the effective date of any
      registration statement in which Holders are participating (except as part of
      such registration), if and to the extent requested by the managing underwriter
      or underwriters in the case of an underwritten public offering or if and to
      the
      extent requested by the Holders in the case of a non-underwritten public
      offering; and (ii) that any agreement entered into after the date of this
      Agreement pursuant to which the Company issues or agrees to issue any securities
      convertible into or exchangeable or exercisable for such securities (other
      than
      pursuant to an effective registration statement) shall contain a provision
      under
      which holders of such securities agree not to effect any public sale or
      distribution of any such securities during the periods described in Section
      4(b)(i),
      in each
      case including a sale pursuant to Rule 144 under the 1933 Act.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5. Lock-Up/Leak-Out
      Provisions.

     

    (a) Lock-Up.
      In the
      event of a firmly-underwritten public offering of Common Stock or other
      securities of the Company registered under the 1933 Act by a
      nationally-recognized investment bank resulting in at least $20,000,000 in
      net
      proceeds (before underwriters’ discounts and selling commissions) to the Company
      (the “Public
      Offering”),
      each
      Holder agrees that for a period of six months commencing on the effective date
      of the registration statement filed under the 1933 Act relating to the Public
      Offering (the “Lock-Up
      Period”),
      such
      Holder will not offer, sell, contract to sell, grant any option for the sale
      of
      or otherwise dispose of, directly or indirectly, any of the Registrable Stock,
      any securities into which the Registrable Stock is convertible, exercisable
      or
      exchangeable, or any other securities of the Company. In order to enable the
      Company to enforce the restriction on resale during the Lock-Up Period, each
      Holder agrees that the Company may impose stop-transfer instructions with
      respect to any Registrable Stock or any other securities of the Company owned
      beneficially or of record by such Holder until the expiration of the Lock-Up
      Period.

     

    (b) Extension
      of Lock-Up Period.
      In the
      event that the National Association of Securities Dealers, any other state
      or
      federal regulatory authority or any of their respective Affiliates requires
      that
      the Lock-Up Period be extended in connection with the Public Offering, each
      Holder agrees that any executive officer of the Company may execute any
      agreements and other documents, in such officer’s sole and absolute discretion,
      for and on behalf of, and in the name of, such Holder, to extend the Lock-Up
      Period to the extent required by the National Association of Securities Dealers,
      such regulatory authority or such Affiliate without prior notice to, or further
      consent by, any Holder. Each Holder further agrees that any executive officer
      of
      the Company may, in such officer’s sole and absolute discretion, extend the
      Lock-Up Period to the extent such officer deems necessary or to the extent
      requested in writing by the managing underwriter or underwriters. Each Holder
      irrevocably constitutes and appoints the Chief Executive Officer of the Company,
      with full power of substitution, as such Holder’s true and lawful agent and
      attorney-in-fact, with full power and authority in such Holder’s name and stead
      to extend the Lock-Up Period as provided in this Section
      5(b).

     

    (c) Leak-Out.
      No
      Registrable Stock may be sold, publicly or otherwise, for a period of three
      months from the date of effectiveness of the registration statement in which
      such Registrable Stock is included, and commencing on the business day
      immediately following the expiration of such three-month period, no more than
      five percent (5%) of such Registrable Stock may be sold publicly in any monthly
      period for the next 20 consecutive months (as applicable to such Registrable
      Stock, the “Leak-Out
      Period”).
      Each
      Holder agrees that any Registrable Stock sold during the Leak-Out Period
      applicable to such Registrable Stock will only be sold in “broker’s
      transactions” as such term is defined in Rule 144 under the 1933 Act. Each
      Holder agrees that it will not engage in any short selling of any Registrable
      Stock during the Leak-Out Period applicable to such Registrable
      Stock.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (d) Waiver
      of Lock-Up/Leak-Out Provisions.
      Any one
      or more of the restrictions set forth in this Section
      5:
      (i) may
      be waived by the board of directors of the Company if it determines in good
      faith and in the exercise of its fiduciary duties that such waiver would be
      in
      the best interests of the Company and its stockholders for any valid business
      purpose, including, without limitation, to increase the liquidity of the Common
      Stock; and (ii) will be null and void upon the consummation of any tender offer
      to purchase all or substantially all of the Company’s issued and outstanding
      securities or any merger, consolidation or other reorganization of the Company
      with or into an unaffiliated Person if such transaction is approved by the
      affirmative vote of the requisite number of record and beneficial owners of
      the
      Company’s then outstanding and entitled to vote on such
      transaction.

     

    6. Indemnification
      and Contribution.
      

     

    (a) Indemnification
      by the Company.
      The
      Company agrees to indemnify, to the full extent permitted by law, each Holder,
      its directors, officers and agents and each Person who controls such Holder
      (within the meaning of the 1933 Act) against all Losses caused by any untrue
      or
      alleged untrue statement of material fact contained in any registration
      statement, prospectus or preliminary prospectus or any omission or alleged
      omission to state therein a material fact required to be stated therein or
      necessary to make the statement therein (in case of a prospectus or preliminary
      prospectus, in the light of the circumstances under which they were made) not
      misleading. The Company will also indemnify any underwriters of the Registrable
      Stock, their officers and directors and each Person who controls such
      underwriters (within the meaning of the 1933 Act) to the same extent as provided
      above with respect to the indemnification of the selling Holders.

     

    (b) Indemnification
      by Holders.
      In
      connection with any registration statement in which a Holder is participating,
      each such Holder will furnish to the Company in writing such information with
      respect to such Holder as the Company reasonably requests for use in connection
      with any such registration statement or prospectus and agrees to indemnify,
      to
      the full extent permitted by law, the Company, its directors, officers and
      agents and each Person who controls the Company (within the meaning of the
      1933
      Act) against any Losses resulting from any untrue or alleged untrue statement
      of
      material fact or any omission or alleged omission of a material fact required
      to
      be stated in the registration statement, prospectus or preliminary prospectus
      or
      any amendment thereof or supplement thereto or necessary to make the statements
      therein (in the case of a prospectus or preliminary prospectus, in the light
      of
      the circumstances under which they were made) not misleading, to the extent,
      but
      only to the extent, that such untrue statement or omission is contained in
      any
      information with respect to such Holder so furnished in writing by such Holder.
      Notwithstanding the foregoing, the liability of each such Holder under this
      Section 6(b)
      will be
      limited to an amount equal to the initial public offering price of the
      Registrable Stock sold by such Holder, unless such liability arises out of
      or is
      based on gross negligence or willful misconduct of such Holder.

     

    (c) Conduct
      of Indemnification Proceedings.
      Any
      Person entitled to indemnification hereunder agrees to give prompt written
      notice to the indemnifying party after the receipt by such Person of any written
      notice of the commencement of any action, suit, proceeding or investigation
      or
      threat thereof made in writing for which such Person will claim indemnification
      or contribution pursuant to this Agreement and, unless in the reasonable
      judgment of such indemnified party a conflict of interest may exist between
      such
      indemnified party and the indemnifying party with respect to such claim, permit
      the indemnifying party to assume the defense of such claims with counsel
      reasonably satisfactory to such indemnified party. Whether or not such defense
      is assumed by the indemnifying party, the indemnifying party will not be subject
      to any liability for any settlement made without its consent (which consent
      shall be in the indemnifying party’s sole discretion if the indemnifying party
      is solely liable for all Losses in connection with such claim, and which consent
      shall not be unreasonably withheld if both the indemnifying party and the
      indemnified party are liable for Losses in connection with such claim). Failure
      by such Person to provide said notice to the indemnifying party shall itself
      not
      create liability except to the extent of any injury caused thereby. No
      indemnifying party will consent to entry of any judgment or enter into any
      settlement which does not include as an unconditional term thereof the giving
      by
      the claimant or plaintiff to such indemnified party of a release from all
      liability in respect of such claim or litigation. If the indemnifying party
      is
      not entitled to, or elects not to, assume the defense of a claim, it will not
      be
      obligated to pay the fees and expenses of more than one counsel with respect
      to
      such claim, unless in the reasonable judgment of any indemnified party a
      conflict of interest may exist between such indemnified party and any other
      such
      indemnified parties with respect to such claim, in which event the indemnifying
      party shall be obligated to pay the fees and expenses of such additional counsel
      or counsels.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (d) Contribution.
      If for
      any reason the indemnity provided for in this Section 6
      is
      unavailable to, or is insufficient to hold harmless, an indemnified party,
      then
      the indemnifying party shall contribute to the amount paid or payable by the
      indemnified party as a result of such Losses (i) in such proportion as is
      appropriate to reflect the relative benefits received by the indemnifying party
      on the one hand and the indemnified party on the other hand, or (ii) if the
      allocation provided by clause (i) above is not permitted by applicable law,
      or
      provides a lesser sum to the indemnified party than the amount hereinafter
      calculated, in such proportion as is appropriate to reflect not only the
      relative benefits received by the indemnifying party on the one hand and the
      indemnified party on the other hand but also the relative fault of the
      indemnifying party and the indemnified party as well as any other relevant
      equitable considerations. The relative fault of such indemnifying party and
      indemnified parties shall be determined by reference to, among other things,
      whether any action in question, including any untrue or alleged untrue statement
      of a material fact or omission or alleged omission to state a material fact,
      has
      been made by, or relates to information supplied by, such indemnifying party
      or
      indemnified parties; and the parties’ relative intent, knowledge, access to
      information and opportunity to correct or prevent such action. The amount paid
      or payable by a party as a result of the Losses referred to above shall be
      deemed to include, subject to the limitations set forth in Section 6(c),
      any
      legal or other fees or expenses reasonably incurred by such party in connection
      with any investigation or proceeding.

     

    The
      parties agree that it would not be just and equitable if contribution pursuant
      to this Section 6(d)
      were
      determined by pro rata allocation or by any other method of allocation which
      does not take account of the equitable considerations referred to in the
      immediately preceding paragraph. No Person guilty of fraudulent
      misrepresentation (within the meaning of Section 11(f) of the 1933 Act)
      shall be entitled to contribution from any Person who was not guilty of such
      fraudulent misrepresentation.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    If
      indemnification is available under this Section 6,
      the
      indemnifying parties shall indemnify each indemnified party to the full extent
      provided in Sections 6(a)
      and
6(b)
      without
      regard to the relative fault of said indemnifying party or indemnified party
      or
      any other equitable consideration provided for in this Section 6.

     

    7. Participation
      in Underwritten Registrations.
      No
      Holder may participate in any underwritten registration hereunder unless such
      Holder (a) agrees to sell such Holder’s securities on the basis provided in any
      underwriting arrangements approved by the Holders entitled hereunder to approve
      such arrangements, and (b) completes and executes all questionnaires, powers
      of
      attorney, indemnities, underwriting agreements and other documents reasonably
      required under the terms of such underwriting arrangements.

     

    8. Rule
      144.
      After a
      registration statement has been filed under the 1933 Act and declared effective
      by the Commission, the Company covenants that it will file the reports required
      to be filed by it under the 1933 Act and the Securities Exchange Act of 1934,
      as
      amended, and the rules and regulations adopted by the Commission thereunder;
      and
      it will take such further action as any Holder may reasonably request, all
      to
      the extent required from time to time to enable such Holder to sell Registrable
      Stock without registration under the 1933 Act within the limitation of the
      exemptions provided by (a) Rule 144 under the 1933 Act, as such Rule may be
      amended from time to time; or (b) any similar rule or regulation hereafter
      adopted by the Commission. Upon the request of any Holder, the Company will
      deliver to such Holder a written statement as to whether it has complied with
      such requirements.

     

    9. Transfer
      of Registration Rights.
      The
      registration rights of any Holder under this Agreement with respect to any
      Registrable Stock may not be transferred to any third Person other than to
      an
      affiliate of such Holder; provided,
      however,
      that
      such transfer to an affiliate must be effected in accordance with applicable
      securities laws; further
      provided,
      that
      the transferring Holder shall give the Company written notice at or prior to
      the
      time of such transfer stating the name and address of the transferee and
      identifying the securities with respect to which the rights under this Agreement
      are being transferred; further
      provided,
      that
      such transferee shall agree in writing, in form and substance satisfactory
      to
      the Company in its sole and absolute discretion, to be bound as a Holder by
      all
      of the provisions of this Agreement; and further
      provided,
      that
      such assignment shall be effective only if immediately following such transfer
      the further disposition of such securities by such transferee is restricted
      under the 1933 Act. Except as set forth in this Section 9,
      a
      transfer of Registrable Stock shall cause such Registrable Stock to lose such
      status.

     

    10. Mergers,
      Etc.
      The
      Company will not, directly or indirectly, enter into any merger, consolidation
      or reorganization in which the Company will not be the surviving corporation
      unless the proposed surviving corporation, prior to such merger, consolidation
      or reorganization, agrees in writing to assume the obligations of the Company
      under this Agreement, and for that purpose references hereunder to “Registrable
      Stock” shall be deemed to be references to the securities the Holders would be
      entitled to receive in exchange for Registrable Stock under any such merger,
      consolidation or reorganization; provided,
      however,
      that
      the provisions of this Section 10
      shall
      not apply in the event of any merger, consolidation or reorganization in which
      the Company is not the surviving corporation if each Holder is entitled to
      receive in exchange for its Registrable Stock consideration consisting solely
      of
      (a) cash; (b) securities of the acquiring corporation which may be immediately
      sold to the public without registration under the 1933 Act; or (c) securities
      of
      the acquiring corporation which the acquiring corporation has agreed to register
      within 90 days of completion of the transaction for resale to the public
      pursuant to the 1933 Act.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    11. Miscellaneous.
      

     

    (a) No
      Inconsistent Agreements.
      The
      Company will not hereafter enter into any agreement with respect to its
      securities which is inconsistent with the rights granted to the Holders in
      this
      Agreement.

     

    (b) Notices.
      All
      notices and other communications under this Agreement must be in writing and
      will be deemed given (i) when delivered personally; (ii) on the fifth business
      day after being mailed by certified mail, return receipt requested; (iii) the
      next business day after delivery to a recognized overnight courier; or (iv)
      upon
      transmission and confirmation of receipt by a facsimile operator if sent by
      facsimile, to the parties at the following addresses or facsimile numbers (or
      to
      such other address or facsimile number as such party may have specified by
      notice given to the other party pursuant to this provision):

     

    If
      to the
      Company:                           Tribeworks,
      Inc. 

    2001
      152nd
      Avenue
      NE

    Redmond,
      Washington 98052

    Attn:
      Peter B. Jacobson, CEO

    Facsimile:
      (425) 818-8832

     

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

    

    Hughes
      & Luce, LLP

    1717
      Main
      Street, Suite 2800

    Dallas,
      Texas 75201

    Attn:
      I.
      Bobby Majumder, Partner

    Facsimile:
      (214) 939-5849

     

    If
      to
      Stockholder.:                            
Petroleum
      Corp. of Canada

    2800,
      715-5 Avenue SW

    Calgary
      Alberta, T2P 2X6

    Attn:
      Dennis Nerland, Secretary

    Facsimile:
      (403) 299-9601

    

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

    

    Shea,
      Nerland, Calnan LLP 

    2800,
      715-5 Avenue SW, 

    Calgary
      Alberta, T2P 2X6

    Attn:
      Dennis Nerland

    Facsimile:
      (403) 299-9601

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

     

    Any
      such
      notice or other communication will be deemed to have been given and received
      (whether actually received or not) on the day it is personally delivered or
      delivered by courier or overnight delivery service or sent by telecopy or,
      if
      mailed, when actually received.

     

    (c)  Attorneys’
      Fees and Costs.
      If
      attorneys’ fees or other costs are incurred to secure performance of any
      obligations hereunder, or to establish damages for the breach thereof or to
      obtain any other appropriate relief, or to defend
      against
      any of the foregoing actions, the prevailing party will be entitled to recover
      reasonable attorneys’ fees and costs incurred in connection
      therewith.

     

    (d) Severability.
      The
      invalidity or unenforceability of any provision of this Agreement will not
      affect the validity or enforceability of any other
      provision of this Agreement, each of which will remain in full force and effect,
      so long as the economic or legal substance of the transactions contemplated
      by
      this Agreement is not affected in a manner materially adverse to any
      party,
      it
      being intended that all of the rights and privileges of the Holders shall be
      enforceable to the fullest extent permitted by Law.

     

    (e)  Counterparts.
      This
      Agreement may be executed in one or more counterparts (including by facsimile
      or
      portable document format (.pdf)) for the convenience of the parties hereto,
      each
      of which will be deemed an original, but all of which together will constitute
      one and the same instrument.

     

    (f)
       Interpretation.
      The
      section headings contained in this Agreement are solely for the purpose of
      reference, are not part of the agreement of the parties and will not in any
      way
      affect the meaning or interpretation of this Agreement.

     

    (g)
       Binding
      Effect; Assignment.
      Except
      as otherwise expressly provided herein, this Agreement will be binding upon
      and
      inure to the benefit of the parties and their respective successors and
      assigns.

     

    (h) Enforceability.
      This
      Agreement shall remain in full force and effect notwithstanding any breach
      or
      purported breach of or relating to the Purchase Agreement.

     

    (i)  Entire
      Agreement.
      This
      Agreement, together with the Purchase Agreement, contains the entire
      understanding of the parties relating to the subject matter hereof and
      supersedes all prior written or oral and all contemporaneous oral agreements
      and
      understandings relating to the subject matter hereof. The recitals to this
      Agreement are hereby incorporated by reference into and made a part of this
      Agreement for all purposes.

     

    (j) Amendments
      and Waivers.
      The
      provisions of this Agreement may not be amended, supplemented or modified,
      and
      waivers or consents to departures from the provisions hereof may not be given,
      unless the Company has obtained the written consent of the Holders of at least
      a
      majority of the Registrable Stock then outstanding affected by such amendment,
      supplement, modification, waiver or departure.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (k) Remedies.
      Each
      Holder, in addition to being entitled to exercise all rights granted by Law,
      including recovery of damages, will be entitled to specific performance of
      its
      rights under this Agreement. The Company agrees that monetary damages would
      not
      be adequate compensation for any loss incurred by reason of a breach by the
      Company of the provisions of this Agreement, and hereby agrees to waive (to
      the
      extent permitted by law) the defense in any action for specific performance
      that
      a remedy of law would be adequate.

     

    (l)
       GOVERNING
      LAW.
      THIS
      AGREEMENT WILL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
      THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY
      CONFLICTS OF LAW RULE OR PRINCIPLE THAT MIGHT RESULT IN THE APPLICATION OF
      THE
      LAWS OF ANOTHER JURISDICTION.

     

    (m)  Drafting.
      The
      language in all parts of this Agreement will be interpreted, in all cases,
      according to its fair meaning and not for or against any party hereto. Each
      party acknowledges that it and its legal counsel have reviewed and revised
      this
      Agreement and that the normal rule of construction to the effect that any
      ambiguities are to be resolved against the drafting party will not be employed
      in the interpretation of this Agreement.

     

    (n)  Usage.
      Whenever the plural form of a word is used in this Agreement, it will include
      the singular form of that word. Whenever the singular form of a word is used
      in
      this Agreement, it will include the plural form of that word. The term “or” will
      not be interpreted as excluding any of the items described. The term “include”
or any derivative of such term does not mean that the items following such
      term
      are the only types of such items.

     

    (o) No
      Third Party Beneficiaries.
      This
      Agreement is for the sole benefit of the parties hereto, and nothing expressed
      or implied will give or be construed to give any other Person any legal or
      equitable rights, remedies, obligations or liabilities under or by reason of
      this Agreement, except as expressly provided herein.

     

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

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

     

    
      	 	 	THE
              COMPANY:
	 	 	 	 
	 	 	TRIBEWORKS,
              INC.
	 	 	 	
               

               

            
	
            	 	By: 	
              

            
	 	 	Name: 	 
	 	 	 	
              

            
	 	 	Title:  	 
	 	 	 	
              
 

    

    
       

      
        	 	 	
                THE
                  STOCKHOLDER:

              
	 	 	 	 
	 	 	
                PETROLEUM
                  CORPORATION OF CANADA

                LIMITED

              
	 	 	 	
                 

                 

              
	
              	 	By: 	
                

              
	 	 	Name: 	 
	 	 	 	
                

              
	 	 	Title:  	 
	 	 	 	
                
 

      

    

     

    
      
        
        

      

      
        
          [Signature
            Page to Registration Rights Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]