Document:

SECURITIES EXCHANGE AND SETTLEMENT AGREEMENT

 

This Securities Exchange
and Settlement Agreement, dated as of October l 3, 2014 (this ''Agreement''), between Nyxio Technologies Corp., a Nevada corporation
(inclusive of any Subsidiaries, "Issuer"), and Beaufort Capital Partners LLC ("Investor'') (Issuer and Investor
may hereinafter be referred to individually as a "Party" or jointly as the "Parties").

 

WHEREAS, Issuer issued
a certain debt security in the form of a convertible promissory note in the principal face amount of twenty two thousand two hundred
twenty five dollars (USD $22,250) to Tide Poo1 Venture Corporation ("Original Holder") as of February 20, 2014, a copy
of which convertible promissory note is annexed hereto as Exhibit A and made a part hereof (the "Debt Securities Instrument");

 

WHEREAS, pursuant to a
certain Debt Securities Assignment and Purchase Agreement between Original Holder and Investor, and confirmed by the Issuer, dated
as of September 8, 2014, a copy of which is annexed hereto as Exhibit B (the "Debt Assignment and Purchase Agreement"),
Investor has heret0fore acquired from Original Holder all rights and interest in and to the debt securities reflected in the Debt
Securities Instrument, in the principal and interest amount of twenty three thousand four hundred eight dollars and twenty two
cents {USD$23,408.22) (the ..Debt Securities" ) in consideration of a cash sum following such securities having become eligible
for resale based on certain conditions pursuant to exemption from registration under Rule 144 (such securities acquisition, the
"144 Debt Conveyance..}, and Investor is now the sole Beneficial Owner of the Debt Securities;

 

WHEREAS, notwithstanding
that, in accordance with its stated terms, the Debt Securities Instrument has language regarding the rights of exchange or convertibility
into shares of the common stock of lssuer, $0.001 par value ("Par Value") per share (the "Issuer Common Stock"),
and without regard to such terms of "conversion" provisions in the Debt Securities Instrument, Investor desires to exchange
the Debt Securities from time to time hereinafter for equity securities in the form of unrestricted shares of Issuer Common Stock,
and Issuer desires to facilitate such exchange, in each case pursuant to their respective economic interests and in each case as
more specifically and fully set forth herein; and

 

WHEREAS, subject to certain
conditions, and pursuant to Section 3(a)(9) of the Securities Act, one or more exchanges of the Debt Securities for shares of Issuer
Common Stock (each, a "Exchange") while beneficially held by Investor is/are eligible to be effected without registration
as more specifically and fully provided herein;

 

NOW, THEREFORE, the Parties
hereby acknowledge. represent, warrant, covenant and agree, in each case as applicable, as follows for the benefit of each other
as well as the benefit of the securities legal counsel and securities transfer agent professiona1s involved in the 144 Debt Conveyance
and any one or more 3(a)(9) Exchanges hereunder (such transactions collectively, the "Transactions"):

 

1.                  
Recitals. The foregoing recitals are hereby incorporated by reference into this Agreement
and made a part hereof.

 

2.                  
Definitions. For purposes of this Agreement, the following terms, when appearing in
their capitalized forms as follows, shall have the corresponding assigned meanings:

 

"144 Debt Conveyance"
- shall have the meaning specified in the second paragraph of the recitals to this Agreement.

 

"3(a)(9) Exchange"
- shall have the meaning specified in the fifth paragraph of the recitals to this Agreement.

"Affiliate''
- with respect to any specified Person, any other Person who, directly or indirectly, through one or more intermediaries, Controls,
is Controlled By, or is Under Common Control With, such specified Person.

"Agreement"
- shall have the meaning specified in the preamble above.

 

"Authorization"
- any authorization, approval, consent, certificate, license, permit or franchise of or from any Governmental Authority or pursuant
to any Law.

"Beneficial Owner"
- with respect to any shares means a Person who shall be deemed to be the beneficial owner of such shares (i) which such Person
or any of its Affiliates or associates (as such terms is defined in Rule 12b-2 promulgated under the Exchange Act) beneficially
owns, directly or indirectly, (ii) which such Person or any of its Affiliates or associates has, directly or indirectly, (A) the
right to acquire (whether such right is exercisable immediately or subject only to the passage of time), pursuant to any agreement,
arrangement or understanding or upon the exercise of consideration rights, exchange rights, warrants or options, or otherwise,
or (B) the right to vote pursuant to any agreement, arrangement or understanding, (iii) which are beneficially owned, directly
or indirectly, by any other Persons with whom such Person or any of its Affiliates or associates or any Person with whom such Person
or any of its Affiliates or associates has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting
or disposing of any such shares, or (iv) pursuant to Section 13(d) of the Exchange Act and any rules or regulations promulgated
thereunder.

 

"'Clearing Date"
- the first date upon which both {i) the Exchange Shares under any Exchange Notice have been deposited into the Investor's designated
brokerage account, and (ii) the Investor has thereafter received information from its brokerage firm that it may execute trades
involving such Exchange Shares.

 

“Control"
(including ••controlled By" and "Under Common Control With) - the possession, directly or indirectly or as
trustee or executor, of the power to direct or cause the direction of the management and policies of a Person, whether through
the ownership of voting securities, as trustee or executor, by contract or credit arrangement or otherwise.

 

“Current Form 10
Information" - for a given registrant/company, such information as is or may be required by the SEC to satisfy the financial
and other disclosure requirements of SEC Form 10 within the meaning of Rule 144.

 

    	 

    	 

    

 

“Current Public
Information" - in an appropriate format the information concerning a given issuer specified in paragraphs (a)(S)(i) to
(xiv) inclusive, and paragraph (a)(5)(xvi), of Rule l Sc2-l l of the Rules and Regulations promulgated under the Exchange Act.

 

“Debt Securities"
- shall have the meaning specified in the second paragraph of the recitals to this Agreement.

 

“Debt Securities
Instrument" - shall have the meaning specified in the first paragraph of the recitals to this Agreement.

 

“DTC" -
The Depository Trust Company, a subsidiary of DTCC. "DTCC'' -The Depository Trust & Clearing Corporation.

 

"DTC Eligibility"
/ "DTC Eligible'" - in respect of a given security, its eligibility to be traded electronically in book-entry form
through OTC.

 

"DWAC" -
DTC's Deposit Withdrawal Agent Commission system.

 

"Exchange Act"
- the Securities and Exchange Act of 1934, as amended.

 

"Exchange Amount"
- shall have the meaning specified in Section 2.1 of this Agreement.

 

"Exchange Cap"
- the maximum number of shares of Issuer Common Stock that Issuer may issue pursuant to this Agreement and the transactions contemplated
hereby without (i) breaching Issuer's obligations under the applicable rules of The Nasdaq Stock Market or any other Principal
Market on which the Issuer Common Stock may be listed or quoted, or (ii) obtaining stockholder approval under the applicable rules
of The Nasdaq Stock Market or any other Principal Market on which the Issuer Common Stock may be listed or quoted.

 

“Exchange Notice"
- a written notice to the Investor executed by a duly authorized officer of the Issuer and including an Exchange Request, in each
case as the same may be deemed amended in accordance with Section 2.4.3.4.

"Exchange Notice
Date" - shall have the meaning specified in Section 2.4.1 of this

 

“Exchange Notice
Date/Time Stamp" - shall have the meaning specified in Section 2.4.l of this Agreement.

"Exchange Request"
- shall have the meaning specified in Section 2.1 of this Agreement.

 

"Exchange Shares"-
shall have the meaning specified in Section 2.1 of this Agreement

 

"Exchange Shares
Delivery Period" - in relation to any given Exchange Notice, the period commencing upon the date and time indicated in
the Exchange Notice Date/Time Stamp and continuing thereafter for twenty-eight (28) Trading Hours.

 

"FAST Program”
- DTC's Fast Automated Securities Transfer program participation in which is a required for OTC Eligibility.

 

"FINRA"
- shall mean the Financial Industry Regulatory Authority.

 

"Governmental Authority"
means any entity or body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to
United States federal, state, local, or municipal government, foreign, international, multinational or other government, including
any department, commission, board, agency, bureau, subdivision, instrumentality. Official or other regulatory, administrative or
judicial authority thereof: and any non-governmental regulatory body to the extent that the rules and regulations or orders of
such body have the force of Law.

 

"Gypsy Swap"
- any series of transactions in which, by arrangement or otherwise, the resale of an outstanding unrestricted security by the then
holder thereof results directly or indirectly, and no matter the sequence of such transactions in a capital infusion into the issuing
company.

 

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"Investor"
- shall have the meaning specified in the preamble to this Agreement.

 

"Investor Holding
Period" - shall have the meaning specified in Section 2.1 of this Agreement

 

"Issuer"
-shall have the meaning specified in the preamble to this Agreement.

 

"Issuer Common Stock"
- shall have the meaning specified in the fourth paragraph of the recitals to this Agreement.

 

"Issuer's Share Delivery
Obligation" - shall have the meaning specified in Section

2.4.3.3 of this Agreement.

 

"Knowledge"
- of a given Person, and with respect to any fact or matter, the actual knowledge of the directors and executive officers of such
Person and each of its Subsidiaries, together with such knowledge that such directors, executive officers and other employees could
be expected to discover after due investigation concerning the existence of the fact or matter in question.

 

"Law" means
any statute, law (including common law), constitution, treaty, ordinance, code, order, decree, judgment, rule, regulation and any
other binding requirement or determination of any Governmental Authority.

 

"Liens"
means any liens, claims, charges, security interests, mortgages, pledges, easements, conditional sale or other title retention
agreements, defects in title, covenants or other restrictions of any kind, including, any restrictions on the use, voting, transfer
or other attributes of ownership.

 

"Material Adverse
Effect" - with respect to any Person, any state of facts, development, event, circumstance, condition, occurrence or effect
that, individually or taken collectively with all other preceding facts, developments, events, circumstances, conditions, occurrences
or effects (a) is materially adverse to the condition (financial or otherwise), business, operations or results of operations of
such Person, or (b) impairs the ability of such Person to perform its obligations under this Agreement.

 

"Officer's Certificate"
- shall have the meaning specified in Section 2.4.3.2 of this Agreement.

 

"Officer's Certificate
Deadline" - shall have the meaning specified in Section 2.4.3.2 of this Agreement.

 

"Officer's Certificate
Delivery Obligation" - shall have the meaning specified in Section

2.4.3.2 of this Agreement.

 

"Order" - any award, injunction,
judgment, decree, stay, order, ruling, subpoena or verdict, or other decision entered, issued or rendered by any Governmental Authority.

 

"Original Holder"
- shall have the meaning specified in the first paragraph of the recitals to this Agreement.

 

"OTC" -
over-the-counter.

 

"OTCPink"
- the OTCMarkets tier for companies that are not SEC Reporting Companies but that regularly file and make available Current Public
Information reports and that are current in such filings as of the date hereof.

 

"OTCQB"
- the base level OTCMarkets tier for SEC Reporting Companies.

 

"Ownership Limitation"
- at any given point in time, 4.99%.

 

"Parties"
- shall have the meaning specified in the preamble to this Agreement.

 

"Person"
- an individual, a corporation, a partnership, a limited liability company, a trust, an unincorporated association, Governmental
Authority, a person (including, without limitation, a "person" as defined in Section 13(d)(3) of the Exchange Act), or
any political subdivision, agency or instrumentality of a Governmental Authority, or any other entity or body.

 

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"'Principal Market"
- as of any given date, whichever of the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market, the
Nasdaq Capital Market, the American Stock Exchange, the OTCQB, or the OTCPink is at the time the principal trading exchange or
market for the Issuer Common Stock.

 

"Proceeding”
or “Proceedings" - any actions, suits, claims, hearings, arbitrations, mediations, Proceedings (public or private)
or governmental investigations that have been brought by any Governmental Authority or any other Person.

 

"Rule 144"-
Rule 144 promulgated under the Securities Act.

 

"Rule 405"
- Rule 405 of Regulation S-T.

 

"SEC" -
shall mean the U.S. Securities and Exchange Commission.

 

"SEC Reporting Company"
- any company with a class of common stock registered under Section 12 of the Exchange Act and that, as of the date hereof is,
and for at least the ninety (90) day period immediately preceding the date hereof has been, subject to the periodic and other reporting
requirements of either Section 13 or 15(d) of the Exchange Act.

 

"Securities Act"
- the Securities Act of 1933, as amended.

 

"Shell Company"
- a company having no or nominal operations and either (a) no or nominal assets, (b) assets consisting solely of cash and cash
equivalents, or (c) assets consisting of any amount of cash and cash equivalents and nominal other assets.

 

"Trading Day"
- any day during which the Principal Market shall be open for business.

 

"Trading Hours"
- for any given Trading Day, those hours between 9:30 am (U.S) Eastern Time and 4:30 pm (U.S.) Eastern Time.

 

"Transactions"
- shall have the meaning specified in the sixth paragraph of the recitals to this Agreement.

 

"Transfer
Agent" - as of any given date, the transfer agent firm engaged by Issuer to perform securities transfer agent and related
services for the Issuer and which, as of the date of this Agreement,
is Holladay Stock Transfer, 2939 North 67 Place. Scottsdale, Arizona
85251.

 

"Transfer Agent Instruction
Letter" - sha11 have the meaning specified in Section 2.4.3.1 of this Agreement.

 

"Transfer Agent Instruction
Delivery Deadline" - shall have the meaning specified in Section 2.4.3.l of this Agreement.

 

"Transfer Agent Instruction
Delivery Requirement" - shall have the meaning specified in

Section 2.4.3.1 of this Agreement.

 

"Transfer
Agent Legal Opinion Letter" - shall have the meaning specified in Section of
this Agreement.

 

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2.The 3(a)(9) Exchange(s).

 

2.1Generally.
Subject to the terms, conditions and limitations of this Agreement, for so long as any amounts payable under the Debt Securities
remain (i) unexchanged for shares of Issuer Common Stock hereunder, or (ii) unpaid and outstanding (such period being deemed the
"Investor Holding Period"), the Investor shall have a continuing right in its sole and exclusive discretion, through
the delivery by Investor to Issuer of an Exchange Notice, to elect to exchange as part of a 3(a)(9) Exchange (in each instance,
an "Exchange Request") all or any part of the amount of any principal and/or accrued but unpaid interest thereon (as
set forth within any such Exchange Notice, the "Exchange Amount'') for a number of fully-paid and non-assessable shares of
Issuer Common Stock equal to (x) the Exchange Amount divided by (y) the lessor of ( A) $.00001 or (B) Par Value (such result in
each instance constituting the "Exchange Shares") provided, however, that any and all obligations under the Debt Securities
shall remain unaffected during such Investor Holding Period for all or any part thereof remaining unexchanged, including without
limitation any events or other terms of default. In correction with this provision, the Debt Securities Instrument shall be deemed
to have been incorporated by reference herein with all rights and obligations attendant thereto and arising thereunder to be continuing
unaffected hereby but only insofar as not in conflict at any given time with any superseding provisions of this Agreement.

 

2.2Certain Acknowledgments
and Covenants. Each of Issuer and Investor hereby (a) acknowledge that they are aware and understand that, in order to be eligible
for exemption from registration under the Securities Act, any 3(a)(9) Exchange(s) hereunder may not involve (i) any additional
consideration beyond the Debt Securities being surrendered/exchanged by the Investor, or (ii) any payment by the Issuer of any
commission or other remuneration either directly or indirectly for the solicitation of such exchange(s), and (b) covenant that
any 3(a)(9) Exchange(s) hereunder shall not involve (i) any additional consideration beyond the Debt Securities being surrendered/exchanged
by the Investor, or (ii) any payment by the Issuer of any commission or other remuneration either directly or indirectly for the
solicitation of such exchange(s).

 

2.3               
Resale Eligibility of Exchange Shares. Given the issuance date and nature of the Debt
Securities, the eligibility for resale exemption from registration of the 144 Debt Conveyance, and the fact that a duly qualified
3(aX9) Exchange does nothing to affect the tradeability status of the securities exchanged, any Exchange Shares, upon issuance,
shall be eligible for unrestricted resale under Section 4(1) of the Securities Act.

 

		2.4	Mechanics and Related Matters.

 

2.4.1          
Delivery of Exchange Notice. Any given Exchange Notice shall be deemed to have been
delivered to the Issuer as of the date (the "Exchange Notice Date"} and time of dispatch by email to the Issuer
as set forth on the email so dispatched, provided, however, that no reasonably compelling basis upon which to challenge
such date and time exists and has been provided to Investor (in each case, the "Exchange Notice Date/Time Stamp”).

 

2.4.2          
Certain Exchange Notice Limitations. Anything in this Agreement to the contrary notwithstanding,
in no event shall any Exchange Notice be deemed valid (i) if and to the extent that fulfillment of the Exchange Request contained
therein would cause the aggregate number of shares of Issuer Common Stock beneficially owned by the Investor and its affiliates,
including those in relation to which it/they have a right to acquire within sixty (60) days, to exceed the Ownership Limitation,
or if at such time the Issuer Common Stock is listed or quoted on The Nasdaq Stock Market or any other U.S. national securities
exchange, and to the extent that that fulfillment of the Exchange Request contained therein would cause the aggregate number of
shares of Issuer Common Stock issued pursuant to this Agreement, when combined with all shares of Issuer Common Stock issued pursuant
to any transactions with which they may be aggregated with other transactions for purposes of and under applicable rules of The
Nasdaq Stock Market or any other Principal Market on which the Common Stock may at such time be listed or quoted, would cause the
aggregate number of shares of Issuer Common Stock that would be deemed issued pursuant to this Agreement, to exceed the Exchange
Cap. In the event that .any Exchange Notice shall have been delivered by Investor to Issuer but is invalid to any extent in accordance
with the foregoing, such Exchange Notice shall be void ab initio but only to the extent of such invalidity.

 

2.4.3          
Delivery and Settlement of Exchange Shares.

 

2.4.3.1     
Transfer Agent Instruction Requirement. Upon receipt of an Exchange Notice, Issuer
shall immediately, but in no event more than two (2) Trading Days (the 'Transfer Agent Instruction Delivery Deadline"),
deliver a letter to Transfer Agent, by email as a .pdf attachment and with a cc (courtesy copy) email to investor, such letter
to be in the form annexed hereto as Exhibit D and incorporated by reference herein, inclusive of the unanimous written board consent
annexed thereto (the ''Transfer Agent Instruction Letter"), in each case filled in as appropriate based on the information
set forth in the corresponding Exchange Notice, or deemed set forth in the corresponding Exchange Notice in accordance with Section
2.4.3.4 below (the ''Transfer Agent Instruction Delivery Requirement").

 

2.4.3.2     
Officer's Certificates. In connection with the delivery of any Exchange Shares, the
cost of obtaining any format written legal opinion reasonably requested by Transfer Agent, including any one or more concluding
that such Exchange Shares be delivered free of any restrictive legend (each, a "Transfer Agent Legal Opinion Letter"),
shall be borne by Investor, and it shall be within the exclusive discretion of Investor as to what legal firm shall be engaged
for this purpose. Promptly upon delivery via email by Investor's designated counsel to the president and chief executive officer
of Issuer at the email address provided in Section 5 of this Agreement (but in no event more than two [2] Trading Days) (the "Officer's
Certificate Deadline") of any officer's certificates identified in such email as being required by Investor's designated
counsel for purposes of Investor's designated counsel being able to deliver the Transfer Agent Legal Opinion Letter (each, an "Officer's
Certificate"), the president and chief executive officer of Issuer shall duly execute and return to Investor's designated
counsel, in .pelf format at the email address from which the corresponding unexecuted Officer's Certificate(s) had been received,
such duly executed Officer's Certificate (the "Officer's Certificate Delivery Obligation''). In the event the Officer's
Certificate Deadline is exceeded by the Issuer, the Issuer shall pay to the Investor $2,000 in cash per day that the Officer's
Certificate is exceeded.

 

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2.4.3.3     
Share Delivery Obligation. Subject only to the limitations set forth in Section 2.4.2 above
and any delays in delivery to Transfer Agent of the Transfer Agent Legal Opinion Letter, and within the applicable Exchange Share
Delivery Period, Issuer shall be obligated to and shall take any and all steps required to either (a) if Transfer Agent is not
participating in the DTC FAST Program during the applicable Exchange Share Delivery Period, and/or the Exchange Shares are not
DTC Eligible, deliver for settlement to the window of Investor's brokerage account (as designated in the Transfer Agent Instruction
Letter) physical certificates representing the Exchange Shares deliverable pursuant to the corresponding Exchange Request, or (b)
if Transfer Agent is participating in the OTC FAST Program during the applicable Exchange Share Delivery Period, and/or the Exchange
Shares are OTC Eligible, cause such transfer agent to effectuate delivery and settlement of such Exchange Shares electronically,
in book-entry form, by appropriately crediting the account of the Investor's prime broker (as designated in the Transfer Agent
Instruction Letter) with DTC through its DWAC System and providing proof satisfactory to the Investor thereof (in relation to any
given Exchange Request, the “Issuer's Share Delivery Obligation").

 

3.               
Representations and Warranties of Issuer.Issuer hereby represents and warrants
to Investor, which representations and warranties, excepting (c) below, sbal1 be deemed to be repeated by Issuer on each day on
which any amounts payable under the Debt Securities, including interest, remain (i) unexchanged for shares of Issuer Common Stock
hereunder, or (ii) unpaid and outstanding, that

 

(a)                
it is a corporation duly organized, validly existing, and in good standing under the Laws
of the State of Nevada;

 

(b)                
it has taken all requisite corporate and other action to authorize. and it bas full corporate
power and authority without any required further action. to (i) carry on its present business as currently conducted, (ii) own
its properties and assets, (iii) execute, deliver, and perform all of its obligations under this Agreement, (iv) have borrowed
and to repay with interest the indebtedness evidenced by the Debt Securities, and (v) issue and deliver to Investor or its designee
any and all Exchange Shares potentially deliverable pursuant to this Agreement;

 

(c)                
its capitalization as of the date of this Agreement includes (i) ______________ (____) shares
of Issuer Common Stock authorized, of which ________________(______________) shares are issued and outstanding, and (ii) _________________
(_________________) shares of Issuer preferred stock, par value $0.001 per share authorized, of [Series A,B. C, D] are issued and
outstanding, and _____________ (_____) notes/debentures in the combined amount of ______________dollars ($________________________)
that, in accordance with their terms, are "convertible" into capital stock of Issuer, issued and outstanding; 

 

(d)                
the Debt Securities constitute a legal, valid and binding, and past due obligation of Issuer,
enforceable against Issuer in accordance with the terms thereof, subject to applicable bankruptcy, reorganization, insolvency,
moratorium or similar Laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of
general application (regardless of whether enforcement is sought in a proceeding in equity or at law), there is no dispute relating
to the validity of such obligation, and any defenses to its validity have been waived in their entirety;

 

(e)                
the execution, delivery and performance of this Agreement, the payment of all amounts due
under the Debt Securities by Issuer, and the consummation of the Transactions. do not and will not (i) violate any provision of
its articles of incorporation or bylaws, (ii) conflict with or result in the breach of any material provision of, or give rise
to a default under, any agreement with respect to indebtedness or of any other material agreement to which Issuer is a party or
by which it or any of its properties or assets are bound, (iii) conflict with any Law, statute, rule or regulation or any Order,
judgment or ruling of any court or other agency of government to which it is subject or any of its properties or assets may be
bound or affected, in each case except where such conflict would not have a Material Adverse Effect on Issuer, or (iv) result in
the creation or imposition of any Lien, charge, mortgage, encumbrance or other security interest or any segregation of assets or
revenues or other preferential arrangement (whether or not constituting a security interest) with respect to any present or future
assets revenues or rights to the receipt of income of issuer;

 

(f)                 
it is currently an SEC Reporting Company.

 

(g)                
it is not a Shell Company, and, if it ever was a Shell Company, it (i) has ceased to be a
Shell Company; (ii) has filed all reports and other materials required to be filed by Section 13 or 15(d) of the Exchange Act,
as applicable, during the twelve (12) month period immediately preceding the date of this Agreement (or for such shorter period
as it has been required to file such reports and materials), other than current reports on Form 8-K. and (iii} has filed Current
Form 10 Information with the SEC reflecting its status as an entity that is no longer a Shell Company, and at least one (1) year
has elapsed since such Current Form 10 Information was filed;

 

(h)                
 the Issuer Common Stock currently trades publicly on the OTCQB market on under the symbol
"NYXO" and is not currently subject to any trading halts, suspensions, delistings or similar actions imposed by the SEC,
FINRA, or any other regulatory or similar authorities and no members of its management or board of directors is aware or has any
reason to be aware of any such threatened halts, suspensions, delistings or similar actions; 

 

(i)                  
the Issuer Common Stock is currently DTC Eligible, Transfer Agent is participating in the
DTC FAST Program, and no DTC "chill" has been imposed upon the Issuer Common Stock; 

 

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(j)                 
its management understands what a Gypsy Swap is and that such arrangements are deemed to constitute
unlawful schemes to evade the registration requirements of the Securities Act, and has no knowledge of any such arrangements in
connection with the Transactions;

 

(k)                
there are no legal actions, suits, arbitration proceedings, investigations or other Proceedings
pending or, to the reasonable knowledge of Issuer's officers or directors threatened against Issuer which, if resolved unfavorably
would have a Material Adverse Effect on the financial condition of Issuer or the validity or enforceability of, or Issuer's ability
to perform its obligations under. the Debt Securities and/or this Agreement; and 

 

(l)                  
all governmental and other consents, authorizations, approvals, licenses and orders that were
required to have been obtained by Issuer with respect to the Debt Securities and/or its issuance were duly obtained and remain
in full force and effect and all conditions of any such consents, Authorizations, approvals, licenses and orders have been complied
with. 

 

4.                  
Covenants of Issuer. In addition to the other obligations hereunder and under the Debt
Securities, and for so long as any amounts payable under the Debt Securities, including interest, remain (i) unexchanged for shares
of Issuer Common Stock hereunder, or (ii) unpaid and outstanding, Issuer hereby covenants to the Investor as follows:

 

(a)                
upon issuance, any Exchange Shares shall be duly authorized, fully paid and nonassessable:

 

(b)                
it shall refrain from disclosing, and shall cause its officers, directors, employees and agents
to refrain from disclosing, any material non-public information to Investor without also disseminating such information to the
public in accordance with applicable Law, unless prior to disclosure of such information Issuer identifies such information as
being material non-public information And provides Investor with the opportunity to accept or refuse to accept such material non-public
information for review;

 

(c)                
it shall timely file all reports required by it to be filed, in each case in full compliance
with the content requirements thereof, and shall meet all other of its obligations under the Exchange Act;

 

(d)                
it shall take any and all steps as may be necessary to insure that the Issuer Common Stock
continues to trade publicly and does not become the subject of any trading halts, suspensions, delistings or similar actions imposed
by the SEC, FINRA, or any other regulatory or similar authorities;

 

(e)                
it shall take any and all steps as may be necessary to insure that the Issuer Conunon Stock
continues to be DTC Eligible, that Transfer Agent continue to participate in the DTC FAST Program, and that no OTC "chill"
is imposed upon the Issuer Common Stock;

 

(f)                 
it shall take any and all steps as may be necessary to insure that it avoid becoming or otherwise
being deemed by the SEC a Shell Company;

 

(g)                
it shall not issue any shares of Issuer Common Stock under this Agreement which, when aggregated
with all other shares of Issuer Common Stock then beneficially owned by Investor and its affiliates, including those in relation
to which it/they have a right to acquire within sixty (60) days. would result in the beneficial ownership by Investor and its affiliates
to exceed the Ownership Limitation, and, upon the written or telephonic request of Investor from time t-0 time, Issuer shall confirm
to Investor within one (1) Trading Day of such request the number of shares of Issuer Common Stock then outstanding;

 

(h)                
it shall not initiate or otherwise execute any share buybacks of the Issuer Common Stock that
would have the effect of increasing Investor's percentage beneficial ownership together with its affiliates, including those in
relation to which it/they have a right to acquire within sixty (60) days, to exceed the Ownership Limitation;

 

(i)                  
if the Common Stock is listed or quoted on The Nasdaq Stock Market or any other U.S. national
securities exchange during the Investor Holding Period, it shall not issue any shares of Issuer Common Stock pursuant to this Agreement
to the extent that after giving effect thereto, the aggregate number of all shares of Issuer Common Stock that would be issued
pursuant to this Agreement, together with all shares of Issuer Common Stock issued pursuant to any transactions that may be aggregated
with the transactions contemplated by this Agreement under applicable rules of The Nasdaq Stock Market or any other Principal Market
on which the Issuer Common Stock may be listed or quoted, would exceed the Exchange Cap, unless and until Issuer elects to solicit
stockholder approval of the transactions contemplated by this Agreement and the stockholders of Issuer have in fact so approved
the transactions contemplated by this Agreement in accordance with the applicable rules and regulations of The Nasdaq Stock Market,
any other Principal Market on which the Issuer Common Stock may be listed or quoted, and the Issuer's articles of incorporation
and bylaws; and

 

(j)                 
it shall not knowingly be a participant in any Gypsy Swap in connection with the Transactions
or otherwise.

 

    	7

    	 

    

 

5.                  
Notices. Except as otherwise expressly set forth herein, any notice, demand or request
relating to any matter set forth herein shall be made in writing and shall be deemed effective when hand delivered or when mailed,
postage pre-paid by registered or certified mail return receipt requested, when picked-up by or delivered to a recognized overnight
courier service, or when sent by email to either Issuer at its address below, or to Investor at its address below, or such other
address as either Party shall have notified the other in writing as provided herein from and after the date hereof.

 

If to Issuer:

 

Nyxio Technologies Corp.

1330 S.W. 3rd Ave.

Portland, OR 97201

Att: Giorgio Johnson

 

If to Investor:

 

Beaufort Capital Partners LLC

660 White Plains Road, Suite 455

Tanytown. NY 10591

Att: Leib Schaeffer

 

6.                  
Governing Law. This Agreement and the Exhibits hereto shall be governed by and interpreted
and enforced in accordance with the Laws of the State of New York, without giving effect to any choice of Law or conflict of Laws
rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the Laws of
any jurisdiction other than the State of New York.

 

7.                  
Headings. The descriptive headings contained in this Agreement are included for convenience
of reference only and shall not affect in any way the meaning or interpretation of this Agreement.

 

8.                  
Counterparts. This Agreement may be executed and delivered (including by facsimile
or email .pdf file format attachment transmission) in one or more counterparts, and by the different Parties hereto in separate
counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall
constitute one and the same agreement.

 

9.                  
Integration; Modification. This Agreement, including the Exhibits hereto, constitutes
the entirety of the rights and obligations of each of the Investor and Issuer with respect to the subject matter hereof. No provision
of this Agreement may be modified except by an instrument in writing signed by the Party against whom the enforcement of any such
modification is or may be sought.

 

[SIGNATURES APPEAR ON THE FOLLOWING PAGE]

 

    	8

    	 

    

 

IN WITNESS WHEREOF,
the Parties have caused this Agreement to be executed by the respective officers thereunto duly authorized, in each case
as of the date first written above.

 

"ISSUER"

 

NYXIO TECHNOLOGIES CORP.

 

By: /s/ Giorgio Johnson

Name: Giorgio Johnson

Title: Chief Executive Officer

 

 

"INVESTOR"

 

BEAUFORT CAPITAL PARTNERS LLC

 

 

By: /s/ Leib Schaeffer

Leib Schaeffer

Title: Managing Member

 

    	9EX-10.3

 EXHIBIT 10.3 

EXECUTION VERSION 
 CONSENT
TO CREDIT AGREEMENT 
 This Consent to Credit Agreement (this “Consent”) is entered into as of November 14,
2014 by and among ITT EDUCATIONAL SERVICES, INC., a Delaware corporation (the “Borrower”), the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent (the “Administrative Agent”). 

RECITALS 
 A. The
Borrower, the financial institutions from time to time party thereto as lenders (the “Lenders”) and Administrative Agent are party to that certain Credit Agreement dated as of March 21, 2012, as amended by the First
Amendment thereto dated as of March 31, 2014, the Second Amendment thereto dated as of May 29, 2014, the Third Amendment thereto dated as of June 30, 2014, the Fourth Amendment thereto dated as of July 30, 2014 and the Fifth
Amendment thereto dated as of September 15, 2014 (the “Credit Agreement”). Unless otherwise specified herein, capitalized terms used in this Consent shall have the meanings ascribed to them by the Credit Agreement. 

B. The Borrower has requested that the Lenders and the Administrative Agent grant certain consents to the Credit Agreement, on the terms and
conditions set forth below. 
 Now, therefore, in consideration of the mutual execution hereof and other good and valuable consideration,
the parties hereto agree as follows: 
 1. Consent. 

Notwithstanding anything to the contrary in Sections 5.01(b) or 5.01(c) of the Credit Agreement, the internally prepared
consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows described in Section 5.01(b) of the Credit Agreement, and the certificate of a Financial Officer of the Borrower as described in
Section 5.01(c) of the Credit Agreement, in each case, as of and for the fiscal quarter ending June 30, 2014, required to be furnished by the Borrower to the Administrative Agent and each Lender pursuant to Sections 5.01(b) and
5.01(c), are required to be furnished by November 21, 2014. 
 2. Representations and Warranties of the Borrower. The
Borrower represents and warrants that: 
 (a) This Consent has been duly executed and delivered by the Borrower and
constitutes a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and
subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

 (b) Each of the representations and warranties of the Credit Parties set forth in
the Credit Documents are true and correct in all material respects (except that any such representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect are true and correct in all respects) on and
as of the date hereof, other than any such representations and warranties that specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date in all material respects (except that any such representation
or warranty which is already qualified as to materiality or by reference to Material Adverse Effect shall be true and correct in all respects). 

(c) No Default has occurred and is continuing. 

3. Effectiveness. This Consent shall become effective upon the execution and delivery hereof by the Borrower, the Administrative Agent
and the Required Lenders, and when the following additional conditions have been satisfied: 
 (a) Each of the Subsidiary
Guarantors has executed and delivered a Reaffirmation of Guaranty and Security Documents in the form of Exhibit A hereto. 

(b) The Borrower shall have paid to Winston & Strawn LLP all outstanding legal fees and expenses in connection with
this Consent and the other Loan Documents. 
 4. Reference to and Effect Upon the Credit Agreement. 

(a) Except as specifically set forth above, the Credit Agreement shall remain in full force and effect and is hereby ratified
and confirmed. 
 (b) The execution, delivery and effectiveness of this Consent shall not operate as a waiver of any right,
power or remedy of the Administrative Agent or any Lender under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement, except as specifically set forth herein. Upon the effectiveness of this Consent, each reference
in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby. 

(c) This Consent shall constitute a Credit Document. 

5. Costs and Expenses. The Borrower hereby affirms its obligation under Section 9.03 of the Credit Agreement to pay all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the preparation and administration of this Consent
(whether or not the transactions contemplated hereby shall be consummated). 
 6. Governing Law. This Consent shall be construed in
accordance with and governed by the law of the State of New York. 

 7. Headings. Section headings in this Consent are included herein for convenience of
reference only and shall not constitute a part of this Consent for any other purposes. 
 8. Counterparts. This Consent may be
executed in any number of counterparts, each of which when so executed shall be deemed an original but all such counterparts shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Consent by
email or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Consent. 

9. Release of Claims. The Borrower and the other Credit Parties hereby releases, remises, acquits and forever discharges each Lender,
the Administrative Agent and each L/C Issuer and each of their respective employees, agents, representatives, consultants, attorneys, officers, directors, partners, fiduciaries, predecessors, successors and assigns, subsidiary corporations, parent
corporations and related corporate divisions (collectively, the “Released Parties”), from any and all actions, causes of action, judgments, executions, suits, debts, claims, demands, liabilities, obligations, damages and expenses of
any and every character, known or unknown, direct or indirect, at law or in equity, of whatever nature or kind, whether heretofore or hereafter arising, for or because of any manner of things done, omitted or suffered to be done by any of the
Released Parties prior to and including the date of execution hereof, and in any way directly or indirectly arising out of any or in any way connected to this Consent or the other Credit Documents (collectively, the “Released
Matters”). The Borrower and each other Credit Party each hereby acknowledges that the agreements in this Section 9 are intended to be in full satisfaction of all or any alleged injuries or damages arising in connection with the
Released Matters. The Borrower and each other Credit Party each hereby represents and warrants to each Lender, Agent and each L/C Issuer that it has not purported to transfer, assign or otherwise convey any right, title or interest of the Borrower
or any other Credit Party in any Released Matter to any other Person and that the foregoing constitutes a full and complete release of all Released Matters. 

THE BORROWER AND EACH OTHER CREDIT PARTY AGREES TO ASSUME THE RISK OF ANY AND ALL UNKNOWN, UNANTICIPATED OR MISUNDERSTOOD DEFENSES, CLAIMS,
CONTRACTS, LIABILITIES, INDEBTEDNESS AND OBLIGATIONS WHICH ARE RELEASED, WAIVED AND DISCHARGED BY THIS CONSENT. THE BORROWER AND EACH OTHER CREDIT PARTY HEREBY WAIVES AND RELINQUISHES ALL RIGHTS AND BENEFITS WHICH IT MIGHT OTHERWISE HAVE UNDER ANY
CIVIL CODE OR ANY SIMILAR LAW, TO THE EXTENT SUCH LAW MAY BE APPLICABLE, WITH REGARD TO THE RELEASE OF SUCH UNKNOWN, UNANTICIPATED OR MISUNDERSTOOD DEFENSES, CLAIMS, CONTRACTS, LIABILITIES, INDEBTEDNESS AND OBLIGATIONS. TO THE EXTENT THAT SUCH
LAWS MAY BE APPLICABLE, THE BORROWER AND EACH OTHER CREDIT PARTY WAIVES AND RELEASES ANY RIGHT OR DEFENSE WHICH IT MIGHT OTHERWISE HAVE UNDER ANY OTHER LAW OR ANY APPLICABLE JURISDICTION WHICH MIGHT LIMIT OR RESTRICT THE EFFECTIVENESS OR SCOPE OF
ANY OF THEIR WAIVERS OR RELEASES HEREUNDER. 

 [signature pages follow] 

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

			
	ITT EDUCATIONAL SERVICES, INC.
		
	By:	 	 /s/ Daniel M. Fitzpatrick

	Name:	 	Daniel Fitzpatrick
	Title:	 	EVP CFO

 
			
	JPMORGAN CHASE BANK, N.A.,
	as a Lender and as the Administrative Agent
		
	By:	 	 /s/ Richard Barritt

	Name:	 	Richard Barritt
	Title:	 	Associate

 
			
	Bank of America, N.A., as a Lender
		
	By:	 	 /s/ Kevin M. Behan

	Name:	 	Kevin M. Behan
	Title:	 	Managing Director

 
			
	Wells Fargo Bank, N.A., as a Lender
		
	By:	 	 /s/ Michael J. Thomas

	Name:	 	Michael J. Thomas
	Title:	 	Senior Vice President

 
			
	REGIONS BANK, as a Lender
		
	By:	 	 /s/ J Richard Baker

	Name:	 	J Richard Baker
	Title:	 	Senior Vice President

 EXHIBIT A 

REAFFIRMATION OF GUARANTY AND SECURITY DOCUMENTS 

The undersigned acknowledges receipt of a copy of the Consent dated as of November 14, 2014, agrees to such consents and to each of the
transactions referenced therein and hereby reaffirms its obligations under the Subsidiary Guaranty and the Security Documents. 
 Dated as
of November 14, 2014 
  

			
	ESI SERVICE CORP.
		
	 By:
	 	  

	 Name:
	 	
	 Title:

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