Document:

exmo_ex102.htm

EXHIBIT 10.2

 

 

 

AMENDED AND RESTATED

BYLAWS

 

OF

 

EXMOVERE HOLDINGS, INC.

 

  

  

  

 

AMENDED AND RESTATED BYLAWS

OF

EXMOVERE HOLDINGS, INC.,

A NEVADA CORPORATION

 

ARTICLE 1          CORPORATION OFFICE

 

1.1       Registered Office.

 

The corporation shall have and continuously maintain in the State of Nevada a registered office at an address to be designated from time to time by the board of directors (the “Board”) which may, but need not, be the same as its place of business.

 

1.2       Additional Offices.

The corporation may also have offices at such other places as the Board may from time to time establish where the corporation is qualified to do business.

 

ARTICLE 2          SHAREHOLDER MEETINGS

 

2.1       Location.

 

All meetings of the shareholders shall be held at such time and place, within or without the State of Nevada, as may be determined from time to time by the Board and need not be held at the registered office of the corporation.  The Board may, in its sole discretion, determine that a meeting of shareholders shall not be held at any place, but may instead be held solely by means of remote communication.  In the absence of such designation or determination, shareholder meetings shall be held at the corporation’s principal executive office.

 

2.2       Annual Meeting.

 

An annual meeting of the shareholders for the election of directors and the transaction of such other business as may properly be brought before the meeting shall be held in each calendar year at such time and place as may be determined by the Board.

 

2.3       Special Meeting.

 

Special meetings of the shareholders may be called at any time by (i) the chairman of the Board, (ii) the Board or (iii) shareholders entitled to cast at least fifty percent (50%) of the votes that all shareholders are entitled to cast at the particular meeting. The request of any person who has called a special meeting of shareholders shall be addressed to the secretary of the Corporation, shall be signed by the persons making the request and shall state the purpose or purposes of the meeting. Upon receipt of any such request it shall be the duty of the secretary to fix the time and provide written notice of the special meeting to shareholders entitled to vote at such meeting, which shall be held not more than 60 days after the receipt of the request. If the secretary shall neglect or refuse to fix the time or provide written notice of the special meeting, the person or persons making the request may fix the time and provide written notice of the special meeting.  No business may be transacted at such special meeting other than the business specified in such notice to shareholders.

 

  

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2.4       Notice of Meetings.

 

Written notice of each meeting other than an adjourned meeting of shareholders, stating the place, if any, time, means of remote communication, and, in the case of a special meeting of shareholders, the general nature of the business to be transacted, shall be provided to shareholders and proxy holders entitled to vote at the meeting at such address as appears on the books of the corporation. Such notice shall be given, in accordance with the provisions of Article 15 of these Bylaws, at least (i) ten days but not more than sixty days prior to the day named for a meeting to consider a fundamental change or (ii) five days but not more than thirty days prior to the day named for the meeting in any other case.  Any shareholder may waive notice of any meeting by a writing signed by him, or his duly authorized attorney, either before or after the meeting; and whenever notice of any kind is required to be given under the provisions of the Nevada Business Corporation Act, a waiver thereof in writing and duly signed whether before or after the time stated therein, shall be deemed equivalent thereto.

 

2.5       Shareholder Communications.

 

	
(a) 

	
No Current Address: Whenever the corporation has been unable to communicate with a shareholder for more than 24 consecutive months because communications to the shareholder are returned unclaimed or the shareholder has otherwise failed to provide the corporation with a current address, the giving of notice to such shareholder pursuant to Section 2.4 of these Bylaws shall not be required. Any action or meeting that is taken or held without notice or communication to that shareholder shall have the same validity as if the notice or communication had been duly given. Whenever a shareholder provides the corporation with a current address, this Subsection 2.5(a) shall cease to be applicable to such shareholder.

 

	
(b) 

	
Unlawful Communication:  The corporation shall not be required to give notice to any shareholder pursuant to Section 2.4 hereof if and for so long as communication with such shareholder is unlawful.

 

2.6       Participation by Telephone, Etc.

 

The Board may provide by resolution with respect to a specific meeting or with respect to a class of meetings that one or more shareholders may participate in such meeting or meetings of shareholders by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can communicate with one another. Participation in the meeting by such means shall constitute presence in person at the meeting. Any notice otherwise required to be given in connection with any meeting at which participation by conference telephone or other communications equipment is permitted shall so specify.

 

  

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2.7       Adjourned Meeting; Notice.

When a meeting is adjourned to another time or place, unless these Bylaws otherwise require, notice need not be given of the adjourned meeting if the time, place, if any thereof, and the means of remote communications, if any, by which shareholders and proxy holders may be deemed to be present in person and vote at such adjourned meeting are announced at the meeting at which the adjournment is taken.  At the continuation of the adjourned meeting, the corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each shareholder of record entitled to vote at the meeting.

2.8       Conduct of Business.

The chairman of any meeting of shareholders shall determine the order of business and the procedure at the meeting, including such regulation of the manner of voting and the conduct of business.

2.9       Shareholder Action Without Meetings.

Except as may otherwise be provided by the Nevada Business Corporation Act, any action required or permitted to be taken by the vote of stockholders at a meeting, may be taken without a meeting if authorized by the written consent of stockholders holding at least a majority of the voting power; provided that if a different proportion of voting power is required for such action at a meeting, then that proportion of written consents shall be required.  In no instance where action is authorized by written consent need a meeting of stockholders be called or notice given.  The written consent must be filed with the minutes of the proceedings of the stockholders.  Any written consent shall be subject to the requirements of Section 78.320 of the Nevada Business Corporation Act and of any other applicable provision of law

ARTICLE 3          QUORUM OF SHAREHOLDERS

 

3.1       Quorum Necessary.

 

A meeting of shareholders duly called shall not be organized for the transaction of business unless a quorum is present.

 

3.2       Majority Constitutes Quorum.

 

The presence, in person or represented by proxy, of shareholders entitled to cast at least a majority of the votes that all shareholders are entitled to cast on a particular matter to be acted upon at the meeting shall constitute a quorum for purposes of consideration and action on such matter.  If, however, such quorum is not present or represented at any meeting of the shareholders, then either (i) the chairman of the meeting, or (ii) the shareholders entitled to vote at the meeting, present in person or represented by proxy, shall have the power to adjourn the meeting from time-to-time, without notice other than announcement at the meeting until a quorum is present or represented.

 

  

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3.3       Withdrawal.

 

The shareholders present at a duly organized meeting can continue to do business until adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a quorum.

ARTICLE 4          VOTING RIGHTS

 

4.1       Voting Power.

 

Except as may be otherwise provided by the corporation's articles of incorporation, at every meeting of shareholders, every shareholder entitled to vote thereat shall be entitled to one vote for every share having voting power standing in his name on the books of the corporation on the record date fixed for the meeting. Except as otherwise provided in the corporation's articles of Incorporation, in each election of directors, every shareholder entitled to vote shall have the right to multiply the number of votes to which he may be entitled by the total number of directors to be elected in the same election, and he may cast the whole number of his votes for one candidate or he may distribute them among any two or more candidates.

 

4.2       Decision Making by Majority.

 

Except as otherwise provided by statute, at any duly organized meeting of shareholders, the vote of the holders of a majority of the votes cast shall decide any question brought before such meeting.

 

4.3       Voting by Proxy.

 

Every shareholder entitled to vote at a meeting of shareholders, or to express consent or dissent to corporate action in writing without a meeting, may authorize another person or persons to act for him by proxy. Every proxy shall be executed in writing by the shareholder or his duly authorized attorney-in-fact and filed with the secretary of the corporation. A proxy, unless coupled with an interest, shall be revocable at will, notwithstanding any other agreement or any provision in the proxy to the contrary, but the revocation of a proxy shall not be effective until written notice thereof has been given to the secretary of the corporation. An unrevoked proxy shall not be valid after three years from the date of its execution unless a longer time is expressly provided therein. A proxy shall not be revoked by the death or incapacity of the maker, unless before the vote is counted or the authority is exercised, written notice of such death or incapacity is given to the secretary of the corporation.

 

4.4       Multiple Proxies.

 

Where two or more proxies of a shareholder are present, the corporation shall, unless otherwise expressly provided in the proxy, accept as the vote of all shares represented thereby the vote cast by a majority of them and, if a majority of the proxies cannot agree whether the shares represented shall be voted or upon the manner of voting the shares, the voting of the shares shall be divided equally among those persons.

 

  

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4.5       Fixing Record Date for Meeting.

 

The Board may fix a time prior to the date of any meeting of shareholders as a record date for the determination of the shareholders entitled to notice of, or to vote at, the meeting, which time, except in the case of an adjourned meeting, shall not be more than 60 days prior to the date of the meeting of shareholders. Only shareholders of record on the date so fixed shall be entitled to notice of, or to vote at, such meeting, notwithstanding any transfer of shares on the books of the corporation after any record date fixed as aforesaid. The Board may similarly fix a record date for the determination of shareholders of record for any other purpose, such as the payment of a distribution or a conversion or exchange of shares.

 

4.6       Shares Held by Nominee.

 

The Board may by resolution adopt a procedure whereby a shareholder of the corporation may certify in writing to the corporation that all or a portion of the shares registered in such shareholder's name are held for the account of a specified person or persons. Such resolution may set forth: (a) the classification of shareholder who may certify; (b) the purpose or purposes for which the certification may be made; (c) the form of certification and information to be contained therein; (d) if the certification is with respect to a record date, the time after the record date within which the certification must be received by the corporation; and (e) such other provisions with respect to the procedure as are deemed necessary or desirable. Upon receipt by the corporation of a certification complying with the procedure, the persons specified in the certification shall be deemed, for the purposes set forth in the certification, to be the holders of record of the number of shares specified in place of the shareholder making the certification.

ARTICLE 5          SHAREHOLDER LIST

 

5.1       List of Shareholders.

 

The officer or agent having charge of the share transfer books of the corporation shall make a complete alphabetical list of the shareholders entitled to vote at any meeting, with their addresses and the number of shares held by each. The list shall be produced and kept open at the time and place of the meeting for inspection by any shareholder during the entire.

 

5.2       Validity of Action.

 

Failure to comply with the provisions of Section 5.1 of these bylaws shall not affect the validity of any action taken at a meeting prior to a demand at the meeting by any shareholder entitled to vote thereat to examine the list.

 

  

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5.3       Transfer Books.

 

The original transfer books for shares of the corporation, or a duplicate thereof kept in the State of Nevada, shall be prima facie evidence as to who are the shareholders entitled to examine the list or transfer books for shares or to vote at any meeting.

ARTICLE  6         JUDGES OF ELECTION

 

6.1       Appointment.

 

Prior to any meeting of shareholders, the Board may appoint judges of election, who may but need not be shareholders, to act at such meeting or any adjournment thereof. If judges of election are not so appointed, the presiding officer of any such meeting may, and on the request of any shareholder or his proxy shall, make such appointment at the meeting. The number of judges shall be one or three. No person who is a candidate for an office to be filled at the meeting shall act as a judge of election.

 

6.2       Vacancy.

 

In case any person appointed as a judge of election fails to appear or fails or refuses to act, the vacancy so created may be filled by appointment made by the Board in advance of the convening of the meeting or at the meeting by the presiding officer thereof.

 

6.3       Duties.

 

The judges of election shall determine the number of shares outstanding and the voting power of each, the shares represented at the meeting, the existence of a quorum and the authenticity, validity, and effect of proxies. The judges of election shall also receive votes or ballots, hear and determine all challenges and questions in any way arising in connection with the right to vote, count and tabulate all votes, determine the result and do such other acts as may be proper to conduct the election to vote with fairness to all shareholders. The judges of election shall perform their duties impartially, in good faith, to the best of their ability and as expeditiously as practicable. If there are three judges of election, the decision, act or certificate of a majority shall be the decision, act or certificate of all.

 

6.4       Challenges.

 

On request of the presiding officer of the meeting or of any shareholder, the judges of election shall make a report in writing of any challenge, question or matter determined by them and execute a certificate of any fact found by them. Any report or certificate made by them shall be prima facie evidence of the facts found by them.

 

  

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ARTICLE  7         DIRECTORS

 

 

7.1       Number of Directors.

 

The number of directors shall be determined by resolution of the Board from time to time, provided the Board shall consist of at least one member.  No reduction of the authorized number of directors shall have the effect of removing any director before that director’s term of office expires. The chairman of the Board shall preside at all meetings of shareholders and directors.

 

7.2       Qualifications for Directors.

 

Each director shall be a natural person of full age and need not be a resident of the State of Nevada or a shareholder of the corporation.  The articles of incorporation or these bylaws may prescribe other qualifications for directors.

 

7.3       Election.

 

Except as otherwise provided in Article 7 of these bylaws with respect to vacancies, directors shall be elected by the shareholders at each annual meeting of the shareholders.  The candidates receiving the highest number of votes from the shareholders or each class or group of classes, if any, entitled to elect directors separately up to the number of directors to be elected by the shareholders, or class or group of classes, if any, shall be elected. Each director shall be elected for a term of one year and until his successor has been elected and qualified or until his earlier death, resignation or removal.  All elections of directors shall be by written ballot, unless otherwise provided in the articles of incorporation; if authorized by the Board, such written ballot shall be satisfied by electronic transmission, provided that any such electronic transmission must either set forth or be submitted with information from which it can be determined that the electronic transmission was authorized by the shareholder or proxy holder.

 

7.4       Removal of Directors.

 

The entire Board, or any individual director may be removed from office without assigning any cause by the majority vote or consent of the shareholders entitled to elect directors. Notwithstanding the foregoing, an individual director shall not be removed from the Board if sufficient votes are cast against the resolution for such director's removal which, if cumulatively voted at an annual or other regular election of directors, would be sufficient to elect one or more directors to the Board. If any directors are so removed, new directors may be elected at the same meeting.

 

7.5       Declaring Vacancy of Directors.

 

The Board may declare vacant the office of a director who has been judicially declared of unsound mind or who has been convicted of an offense punishable by imprisonment for a term of more than one year.

 

  

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7.6       Vacancies Filled by Majority Vote.

 

Vacancies on the Board, including vacancies resulting from an increase in the number of directors, shall be filled by a majority vote of the remaining members of the Board, though less than a quorum, or by a sole remaining director, and each person so selected shall be a director to serve for the balance of the unexpired term.  If, at any time, by reason of death or resignation or other cause, the corporation should have no directors in office, then any officer or any shareholder or an executor, administrator, trustee or guardian of a shareholder, or other fiduciary entrusted with like responsibility for the person or estate of a shareholder, may call a special meeting of shareholders in accordance with the provisions of the articles of incorporation or these bylaws, or may apply to any court of competent jurisdiction for a decree summarily ordering an election as provided in the Nevada Business Corporation Act.

If, at the time of filling any vacancy or any newly created directorship, the directors then in office constitute less than a majority of the whole Board (as constituted immediately prior to any such increase), then a court of competent jurisdiction may, upon application of any shareholder or shareholders holding at least ten percent (10%) of the total number of the shares at the time outstanding having the right to vote for such directors, summarily order an election to be held to fill any such vacancies or newly created directorships, or to replace the directors chosen by the directors then in office as aforesaid, which election shall be governed by the provisions of the Nevada Business Corporation Act as far as applicable.

 

7.7       Resignations of Directors.

 

Any director may resign at any time upon notice given in writing or by electronic transmission to the corporation.  When one or more directors resign from the Board effective at a future date, the directors then in office, including those who have so resigned, shall have the power by a majority vote to fill the vacancies, the vote thereon to take effect when the resignations become effective and each director so chosen shall hold office as provided in this Article if in the filling of other vacancies.

ARTICLE  8         POWERS OF BOARD

 

8.1       Management.

 

Subject to the Nevada Business Corporation Act and any limitations in the articles of incorporation or these bylaws relating to action required to be approved by the shareholders, the business and affairs of the corporation shall be managed and all corporate powers shall be exercised by or under the direction of the Board.

 

  

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8.2       Committees.

 

The Board may, by resolution adopted by a majority of the directors in office, establish one or more committees consisting of one or more directors as may be deemed appropriate or desirable by the Board to serve at the pleasure of the Board. Any committee, to the extent provided in the resolution of the Board pursuant to which it was created, shall have and may exercise all of the powers and authority of the Board, except that no committee shall have any power or authority as to the following:

	
(a)

	
The submission to shareholders of any action requiring approval of shareholders;

	

(b)

	

The creation or filling of vacancies in the Board;

	
(c) 

	
The adoption, amendment or repeal of these Bylaws;

	

(d)

	

The amendment or repeal of any resolution of the Board that by its terms is amendable or repealable only by the Board; and

	

(e)

	

Action on matters committed by the bylaws or resolution of the Board to another committee of the Board.

8.3       Committee Minutes.

 

Each committee shall keep regular minutes of its meetings and report the same to the Board when required.

 

8.4       Meetings and Action of Committees.

 

Meetings and actions of committees shall be governed by, and held and taken in accordance with, the provisions of:

	
(a) 

	
Section 9.2 (place of meetings and meetings by telephone);

	
(b) 

	
Section 9.1 (regular meetings);

	
(c) 

	
Section 9.3 (special meetings and notice);

	
(d) 

	
Section 9.4 (quorum);

	
(e) 

	
Section 9.5 (action without a meeting); and

	
(f) 

	
Section 15.2 (waiver of notice);

with such changes in the context of those bylaws as are necessary to substitute the committee and its members for the Board and its members.

Notwithstanding the foregoing:

 

	
(a)

	
the time of regular meetings of the committees may be determined either by resolution of the Board or by resolution of the committee;

	
(b)

	
special meetings of committees may also be called by resolution of the Board; and

	
(c)

	
notice of special meetings of committees shall also be given to all alternate members, who shall have the right to attend all meetings of the committee.  The Board may adopt rules for the government of any committee not inconsistent with the provisions of these bylaws.

 

  

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8.5       Directors Fees and Expenses.

 

Directors, as such, may receive a stated salary for their services or a fixed sum and expenses for attendance at regular and special meetings, or any combination of the foregoing as may be determined from time to time by resolution of the Board, and nothing contained herein shall be construed to preclude any director from receiving compensation for services rendered to the corporation in any other capacity.

ARTICLE  9         MEETINGS OF THE BOARD

 

9.1       Regular Meetings.

 

Regular meetings of the Board may be held without the necessity of notice at such time and at such place as shall, from time-to-time, be determined by the Board.

 

9.2       Time and Place.

 

Meetings of the Board may be held within or without the State of Nevada. One or more directors may participate in any meeting of the Board, or of any committee thereof, by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can communicate with one another. Participation in a meeting by such means shall constitute presence in person at the meeting.

 

9.3       Special Meetings.

 

Special meetings of the Board may be called by the chairman of the Board, a chief executive officer, the president, the secretary, or any two (2) directors, on one day's notice to each director, either by telephone, electronic mail, or if otherwise in writing, in accordance with the provisions of Article 15 of these bylaws.

 

9.4       Quorum.

 

At all meetings of the Board a majority of the directors in office shall constitute a quorum for the transaction of business, and the acts of a majority of the directors present and voting at a meeting at which a quorum is present shall be the acts of the Board, except as may be otherwise specifically provided by statute or by the articles of incorporation or by these bylaws.

 

9.5       Written Consent.

 

Any action required or permitted to be taken at a meeting of the Board may be taken without a meeting if, prior or subsequent to the action, a consent or consents thereto signed by all of the directors is filed with the secretary of the corporation.

 

  

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ARTICLE  10       LIABILITY OF DIRECTORS

 

10.1     Fiduciary Duty.

 

A director of the corporation shall stand in a fiduciary relation to the corporation and shall perform his duties as a director, including his duties as a member of any committee of the Board upon which he may serve, in good faith, in a manner he reasonably believes to be in the best interests of the corporation, and with such care, including reasonable inquiry, skill, and diligence, as a person of ordinary prudence would use under similar circumstances. In performing his duties, a director shall be entitled to rely in good faith on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by any of the following:

	
(a)  

	
one or more officers or employees of the corporation whom the director reasonably believes to be reliable and competent in the matters presented;

	
(b)  

	
legal counsel, public accountants or other persons as to matters which the director reasonably believes to be within the professional or expert competence of such persons; or

	
(c)  

	
a committee of the Board upon which he does not serve, duly designated in accordance with law, as to matters within its designated authority, which committee the director reasonably believes to merit confidence.

A director shall not be considered to be acting in good faith if he has knowledge concerning the matter in question that would cause his reliance to be unwarranted.

10.2     Discharge of Duties.

 

In discharging the duties of their respective positions, the Board, committees of the Board and individual directors may, in considering the best interests of the corporation, consider the effects of any action upon employees, suppliers and customers of the corporation and communities in which offices or other establishments of the corporation are located, and all other pertinent factors. The consideration of these factors shall not constitute a violation of Section 10.1 hereof.

10.3     Action/Failure to Take Action.

 

Absent breach of fiduciary duty, lack of good faith or self-dealing, actions taken as a director or any failure to take any action shall be presumed to be in the best interests of the corporation.

 

  

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10.4     Monetary Damages.

 

A director of the corporation shall not be personally liable, as such, for monetary damages for any action taken, or any failure to take any action, unless: (a) the director has breached or failed to perform the duties of his office under Sections 10.1 through 10.3 hereof; and (b) the breach or failure to perform constitutes self-dealing, willful misconduct, or recklessness.

10.5     Exceptions.

 

The provisions of Section 10.4 hereof shall not apply to: (a) the responsibility or liability of a director pursuant to any criminal statute; or (b) the liability of a director for the payment of taxes pursuant to local, state or federal law.

 

10.6     Amendments.

 

Notwithstanding any other provisions of these Bylaws, the approval of shareholders shall be required to amend, repeal or adopt any provision as part of these Bylaws that is inconsistent with the purpose or intent of Sections 10.1, 10.2, 10.3, 10.4, 10.5, and 10.6 of this Article 10, and, if any such action shall be taken, it shall become effective only on a prospective basis from and after the date of such shareholder approval.

ARTICLE 11        OFFICERS

 

11.1     Qualifications for Officers.

 

The corporation shall have a president, a secretary and a treasurer, or persons who shall act as such, regardless of the name or title by which they may be designated, elected or appointed and may also have such other officers and assistant officers as the Board may authorize from time to time, including without limitation, a chief executive officer, a chairman of the Board and a chief financial officer.  The president and secretary shall be natural persons of full age. The treasurer may be a corporation, but if a natural person shall be of full age. It shall not be necessary for the officers to be directors.  Any number of offices may be held by the same person. Each officer shall hold office at the pleasure of the Board and until his successor has been selected and qualified or until his earlier death, resignation or removal. Any officer may resign at any time upon written notice to the corporation. The resignation shall be effective upon receipt thereof by the corporation or at such subsequent time as may be specified in the notice of resignation. The corporation may secure the fidelity of any or all of the officers by bond or otherwise.

 

  

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11.2     Subordinate Officers.

 

The Board may appoint, or empower the chief executive officer or, in the absence of a chief executive officer, one or more presidents, to appoint such other officers and agents as the business of the corporation may require.  Each of such officers and agents shall hold office for such period, have such authority, and perform such duties as are provided in these bylaws or as the Board may from time to time determine.

11.3     Standard of Care.

 

Except as otherwise provided in the articles of incorporation, an officer shall perform his duties as an officer in good faith, in a manner he reasonably believes to be in the best interests of the corporation and with such care, including reasonable inquiry, skill, and diligence, as a person of ordinary prudence would use under similar circumstances. A person who so performs his duties shall not be liable by reason of having been an officer of the Corporation.

11.4     Removal of Officers.

 

Subject to the rights, if any, of an officer under any contract of employment, any officer or agent of the corporation may be removed by the Board with or without cause. The removal shall be without prejudice to the contract rights, if any, of any person so removed. Election or appointment of an officer or agent shall not of itself create contract rights. If the office of any officer becomes vacant for any reason, the vacancy may be filled by the Board.

 

11.5     Duties of the Chief Executive Officer.

 

Subject to such supervisory powers, if any, as the Board may give to the chairman of the Board, the chief executive officer, if any, shall, subject to the control of the Board, have general supervision, direction, and control of the business and affairs of the corporation and shall report directly to the Board.  All other officers, officials, employees and agents shall report directly or indirectly to the chief executive officer.  The chief executive officer shall see that all orders and resolutions of the Board are carried into effect.  The chief executive officer shall serve as chairman of and preside at all meetings of the shareholders and Board

11.6     Duties of President.

 

In the absence or disability of the chief executive officer, a president shall perform all the duties of the chief executive officer.  When acting as the chief executive officer, a president shall have all the powers of, and be subject to all the restrictions upon, the chief executive officer.  A president shall have such other powers and perform such other duties as from time to time may be prescribed for him by the Board, these bylaws, the chief executive officer or the chairman of the Board.

 

  

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11.7     Duties of Chief Financial Officer.

 

The chief financial officer shall keep adequate and correct books and records of accounts of the properties and business transactions of the corporation, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, capital retained earnings, and shares.  The books of account shall at all reasonable times be open to inspection by any director.

The chief financial officer shall deposit all moneys and other valuables in the name and to the credit of the corporation, with such depositories as the Board may designate.  The chief financial officer shall disburse the funds of the corporation as may be ordered by the Board; shall render to the chief executive officer, or, in the absence of a chief executive officer, any president and directors, whenever they request it, an account of all his or her transactions as chief financial officer and of the financial condition of the corporation, and shall have other powers and perform such other duties as may be prescribed by the Board or by bylaws.

The chief financial officer may also be the treasurer of the corporation.

 

11.8     Duties of Vice President.

 

The vice president or, if more than one, the vice presidents in the order, if any, established by the Board shall, in the absence or incapacity of the president, have the authority to exercise all the powers and perform the duties of the president. The vice presidents, respectively, shall also have such other authority and perform such other duties as may be provided in the bylaws or as shall be determined by the Board or the president. Any vice president may, in the discretion of the Board, be designated as "executive," "senior," or by departmental or functional classification.

 

11.9     Duties of Secretary.

 

The secretary shall attend all meetings of the Board and of the shareholders and keep accurate records thereof in one or more minute books kept for that purpose and shall perform the duties customarily performed by the secretary of a corporation.  The minutes shall show:

	
(a)

	
the time and place of each meeting;

	
(b)

	
whether regular or special (and, if special, how authorized and the notice given);

	
(c)

	
the names of those present at director’s meetings or committee meetings;

	
(d)

	
the number of shares present or represented at shareholders’ meetings;

	
(e)

	
and the proceedings thereof.

 

  

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The secretary shall keep, or cause to be kept, at the principal executive office of the corporation or at the office of the corporation’s transfer agent or registrar, as determined by resolution of the Board, a share register, or a duplicate share register showing:

	
(a)

	
the names of all shareholders and their addresses;

	
(b)

	
the number and classes of shares held by each;

	
(c)

	
the number and date of certificates evidencing such shares; and

	
(d)

	
the number and date of cancellation of every certificate surrendered forcancellation.

The secretary shall give, or cause to be given, notice of all meetings of the shareholders and of the Board required to be given by law or by these bylaws.  The secretary shall keep the seal of the corporation, if one be adopted, in safe custody and shall have such other powers and perform such other duties as may be prescribed by the Board or by these bylaws.

11.10   Duties of Treasurer.

The treasurer shall be responsible for the custody of the corporate funds and securities; shall be responsible for full and accurate accounts of receipts and disbursements in books belonging to the corporation; and shall perform such other duties as may be assigned to him by the Board or the chief executive officer. He shall give bond in such sum and with such surety as the Board may from time to time direct.

 

11.11   Duties of Assistant Officers.

 

Each assistant officer shall assist in the performance of the duties of the officer to whom he is assistant and shall perform such duties in the absence of the officer. He shall perform such additional duties as the Board, the chief executive officer or the officer to whom he is assistant may from time to time assign him. Such officers may be given such functional titles as the Board shall from time to time determine.

 

ARTICLE  12       INDEMNIFICATION OF OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS

 

12.1     Indemnification .

 

The corporation shall indemnify any director or officer, and may indemnify any other employee or agent, who was or is a party to, or is threatened to be made a party to, or who is called as a witness in connection with, any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, including an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent of another domestic or foreign corporation for profit or not-for-profit, partnership, joint venture, trust, or other enterprise, against expenses, including attorneys' fees, judgments, fines, and amounts paid in settlement, actually and reasonably incurred by him in connection with such action, suit or proceeding unless the act or failure to act giving rise to the claim for indemnification is determined by a court to have constituted willful misconduct or recklessness.

 

  

16

  

 

12.2     Not Exclusive to Other Rights.

 

The indemnification and advancement of expenses provided by, or granted pursuant to, this Article 12 shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, contract, vote of shareholders or directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office. It is the policy of the corporation that indemnification of, and advancement of expenses to, directors and officers of the corporation shall be made to the fullest extent permitted by law. To this end, the provisions of this Article 12 shall be deemed to have been amended for the benefit of directors and officers of the corporation effective immediately upon any modification of the Nevada Business Corporation Act or any modification, or adoption of any other law that expands or enlarges the power or obligation of corporations organized under the Nevada Business Corporation Act to indemnify, or advance expenses to, directors and officers of corporations.

 

12.3     Expenses.

 

The Corporation shall pay expenses incurred by an officer or director, and may pay expenses incurred by any other employee or agent, in defending an action, or proceeding referred to in this Article 12 in advance of the final disposition of such action or proceeding upon receipt of an undertaking by or on behalf of such person to repay such amount if it shall ultimately be determined that he is not entitled to be indemnified by the corporation.

 

12.4     Continuation After Person Ceases to be Director.

 

The indemnification and advancement of expenses provided by, or granted pursuant to, this Article 12 shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee, or agent and shall inure to the benefit of the heirs, executors, and administrators of such person.

 

12.5     Creation of Funds.

 

The corporation shall have the authority to create a fund of any nature, which may, but need not be, under the control of a trustee, or otherwise secure or insure in any manner, its indemnification obligations, whether arising under these bylaws or otherwise. This authority shall include, without limitation, the authority to: (i) deposit funds in trust or in escrow; (ii) establish any form of self-insurance; (iii) secure its indemnity obligation by grant of a security interest, mortgage or other lien on the assets of the corporation; or (iv) establish a letter of credit, guaranty or surety arrangement for the benefit of such persons in connection with the anticipated indemnification or advancement of expenses contemplated by this Article 12. The provisions of this Article 12 shall not be deemed to preclude the indemnification of, or advancement of expenses to, any person who is not specified in Section 12.1 of this Article 12 but whom the corporation has the power or obligation to indemnify, or to advance expenses for, under the provisions of the Nevada Business Corporation Act or otherwise. The authority granted by this Section 12.5 shall be exercised by the Board of the corporation.

 

  

17

  

 

12.6     Separate Indemnification.

 

The corporation shall have the authority to enter into a separate indemnification agreement with any officer, director, employee, or agent of the corporation or any subsidiary providing for such indemnification of such person as the Board shall determine up to the fullest extent permitted by law.

 

12.7     Notification.

 

As soon as practicable after receipt by any person specified in Section 12.1 of this Article 12 of notice of the commencement of any action, suit or proceeding specified in Section 12.1 of this Article 12, such person shall, if a claim with respect thereto may be made against the corporation under Article 12 of these bylaws, notify the corporation in writing of the commencement or threat thereof; however, the omission so to notify the corporation shall not relieve the corporation from any liability under Article 12 of these bylaws unless the corporation shall have been prejudiced thereby or from any other liability which it may have to such person other than under Article 12 of these bylaws. With respect to any such action as to which such person notifies the corporation of the commencement or threat thereof, the corporation may participate therein at its own expense and, except as otherwise provided herein, to the extent that it desires, the corporation, jointly with any other indemnifying party similarly notified, shall be entitled to assume the defense thereof, with counsel selected by the corporation to the reasonable satisfaction of such person.  After notice from the corporation to such person of its election to assume the defense thereof, the corporation shall not be liable to such person under Article 12 of these bylaws for any legal or other expenses subsequently incurred by such person in connection with the defense thereof other than as otherwise provided herein. Such person shall have the right to employ his own counsel in such action, but the fees and expenses of such counsel incurred after notice from the corporation of its assumption of the defense thereof shall be at the expense of such person unless: (i) the employment of counsel by such person shall have been authorized by the corporation; (ii) such person shall have reasonably concluded that there may be a conflict of interest between the corporation and such person in the conduct of the defense of such proceeding; or (iii) the corporation shall not in fact have employed counsel to assume the defense of such action. The corporation shall not be entitled to assume the defense of any proceeding brought by or on behalf of the corporation or as to which such person shall have reasonably concluded that there may be conflict of interest. If indemnification under Article 12 of these bylaws or advancement of expenses are not paid or made by the corporation, or on its behalf, within 90 days after a written claim for indemnification or a request for an advancement of expenses has been received by the corporation, such person may, at any time thereafter, bring suit against the corporation to recover the unpaid amount of the claim or the advancement of expenses. The right to indemnification and advancements of expenses provided hereunder shall be enforceable by such person in any court of competent jurisdiction. The burden of proving that indemnification is not appropriate shall be on the corporation. Expenses reasonably incurred by such person in connection with successfully establishing the right to indemnification or advancement of expenses, in whole or in part, shall also be indemnified by the corporation.

 

12.8     Insurance.

 

The corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent of another domestic or foreign corporation for profit or not-for-profit, partnership, joint venture, trust or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the corporation would have the power to indemnify him against such liability under the provisions of this Article 12.

 

  

18

  

 

12.9     Amendment.

 

Notwithstanding any other provisions of these bylaws, the approval of shareholders shall be required to amend, repeal or adopt any provision as part of these bylaws which is inconsistent with the purpose or intent of this Article 12, and, if any such action shall be taken, it shall become effective only on a prospective basis from and after the date of such shareholder approval.

 

ARTICLE 13        SHARES; SHARE CERTIFICATES

 

13.1     Shares.

 

All shares issued by the corporation shall be represented by certificates. The share certificates of the corporation shall be numbered and registered in a share register as they are issued; shall state that the corporation is incorporated under the laws of the State of Nevada; shall bear the name of the registered holder, the number and class of shares and the designation of the series, if any, represented thereby, the par value, if any, of each share or a statement that the shares are without par value, as the case may be; shall be signed by the president or a vice president, and the secretary or the treasurer or any other person properly authorized by the Board, and shall bear the corporate seal, which seal may be a facsimile engraved or printed. Where the certificate is signed by a transfer agent or a registrar, the signature of any corporate officer on such certificate may be a facsimile engraved or printed. In case any officer who has signed, or whose facsimile signature has been placed upon, any share certificate shall have ceased to be such officer because of death, resignation or otherwise before the certificate is issued, such share certificate may be issued by the corporation with the same effect as if the officer had not ceased to be such at the date of its issue.

 

13.2     Transfer of Shares.

 

Upon surrender to the corporation of a share certificate duly endorsed by the person named in the certificate or by attorney duly appointed in writing and accompanied where necessary by proper evidence of succession, assignment or authority to transfer, a new certificate shall be issued to the person entitled thereto and the old certificate cancelled and the transfer recorded on the share register of the corporation. Except as otherwise provided pursuant to Section 4.7 hereof, a transferee of shares of the corporation shall not be a record holder of such shares entitled to the rights and benefits associated therewith unless and until the share transfer has been recorded on the share transfer books of the corporation. No transfer shall be made if it would be inconsistent with the provisions of Article 8 of the Nevada Uniform Commercial Code.

 

  

19

  

 

13.3     Lost Certificates.

 

Where a shareholder of the corporation alleges the loss, theft or destruction of one or more certificates for shares of the corporation and requests the issuance of a substitute certificate therefor, the Board may direct a new certificate of the same tenor and for the same number of shares to be issued to such person upon such person's making of an affidavit in form satisfactory to the Board setting forth the facts in connection therewith, provided that prior to the receipt of such request the corporation shall not have either registered a transfer of such certificate or received notice that such certificate has been acquired by a bona fide purchaser. When authorizing such issue of a new certificate the Board may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate, or his heirs or legal representatives, as the case may be, to advertise the same in such manner as it shall require and/or give the corporation a bond in such form and sum and with surety or sureties, with fixed or open penalty, as shall be satisfactory to the Board, as indemnity for any liability or expense which it may incur by reason of the original certificate remaining outstanding.

ARTICLE 14        FINANCIAL MATTERS

 

14.1     Financial Statements.

 

Except as otherwise agreed in a writing (that is separate from the Articles of Incorporation, these Bylaws and the share certificate) between a shareholder and the corporation and then only with respect to that shareholder, the corporation shall furnish to its shareholders annual financial statements, including at least a balance sheet as of the end of the fiscal year and a statement of income and expenses for the fiscal year. The financial statements shall be prepared in accordance with generally accepted accounting principles, if the corporation prepares financial statements for the fiscal year on that basis for any purpose, and shall be mailed to each shareholder within 120 days after the close of each fiscal year.

 

14.2     Report of Accountant or Controller.

 

If the corporation's financial statements are audited or reviewed by a public accountant, the report of the accountant shall be mailed to the shareholders together with the financial statements. If the corporation's financial statements are not audited or reviewed by a public accountant, the financial statements shall be accompanied by the report of the controller or other person in charge of the corporation's financial records stating such person's reasonable belief as to whether or not the financial statements were prepared in accordance with generally accepted accounting principles and, if not, describing the basis of presentation and describing any material respects in which the financial statements were not prepared on a basis consistent with those prepared for the previous year.

 

14.3     Fiscal Year.

 

The fiscal year of the corporation shall be as determined by the Board.

 

  

20

  

 

ARTICLE 15        MANNER OF GIVING WRITTEN NOTICE; WAIVERS OF NOTICE

 

15.1     Manner of Written Notice.

 

Whenever written notice is required to be given to any person under the provisions of these bylaws, it may be given to the person (i) personally, (ii) by sending a copy thereof by first class or express mail, postage prepaid, (iii) by telegram (with messenger service specified), (iv) facsimile transmission, (v) or courier service, charges prepaid, to his address (or to his facsimile or telephone number) appearing on the books of the corporation or, in the case of written notice to directors, supplied by each director to the corporation for the purpose of the notice, or (vi) electronically transmitted as provided in Section 15.3.  If the notice is sent by mail, telegraph or courier service, it shall be deemed to have been given to the person entitled thereto when deposited in the United States mail or with a telegraph office or courier service for delivery to that person or, in the case of facsimile, when successfully transmitted.  An affidavit of the secretary or an assistant secretary or any other agent of the corporation that notice has been given by mail, facsimile or by a form of electronic transmission, as applicable, shall, in the absence of fraud be prima facie evidence of the facts stated therein.

 

15.2     Waiver of Notice.

 

Any written notice required to be given to any person under the provisions of statute, the corporation's articles of incorporation or these bylaws may be waived in a writing signed by the person entitled to such notice whether before or after the time stated therein. Except as otherwise required by statute, and except in the case of a special meeting, neither the business to be transacted at, nor the purpose of, a meeting need be specified in the waiver of notice. In the case of a special meeting of shareholders, the waiver of notice shall specify the general nature of the business to be transacted. Attendance of any person, whether in person or by proxy, at any meeting shall constitute a waiver of notice of such meeting, except where a person attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting was not lawfully called or convened.

 

  

21

  

15.3     Notice by Electronic Transmission.

Without limiting the manner by which notice otherwise may be given effectively to shareholders pursuant to the Nevada Business Corporation Act, the articles of incorporation or these bylaws, any notice to shareholders given by the Corporation under any provision of the Nevada Business Corporation Act, the articles of incorporation or these Bylaws shall be effective if given by a form of electronic transmission consented to by the shareholder to whom the notice is given.  Any such consent shall be revocable by the shareholder by written notice to the corporation.  Any such consent shall be deemed revoked if:

	
(a)

	
the corporation is unable to deliver by electronic transmission two consecutive notices given by the corporation in accordance with such consent; and

	
(b)

	
such inability becomes known to the secretary or an assistant secretary of the corporation or to the transfer agent, or other person responsible for the giving of notice.

However, the inadvertent failure to treat such inability as a revocation shall not invalidate any meeting or other action.

 

Any notice given pursuant to the preceding paragraph shall be deemed given:

	
(a)

	
if by facsimile telecommunication, when directed to a number at which the shareholder has consented to receive notice;

	
(b)

	
if by electronic mail, when directed to an electronic mail address at which the shareholder has consented to receive notice;

	
(c)

	
if by a posting on an electronic network, together with separate notice to the shareholder of such specific posting, upon the later of  (i) such posting and (ii) the giving of such separate notice; and

	
(d)

	
if by any other form of electronic transmission, when directed to the shareholder.

An affidavit of the secretary or assistant secretary or of the transfer agent or other agent of the Corporation that the notice has been given by a form of electronic transmission shall, in the absence of fraud, be prima facie evidence of the facts stated therein.

 

  

22

  

 

15.4     Definition of Electronic Transmission.

 

An “electronic transmission” means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process.

ARTICLE 16        AMENDMENTS

 

16.1     Amendments.

 

Except as provided in to Sections 10.6 and 12.9 hereof, these bylaws may be amended or repealed, and new bylaws adopted, by the affirmative vote of a majority of the votes cast by the shareholders at any regular or special meeting duly convened after written notice to the shareholders that the purpose, or one of the purposes, of the meeting is to consider the amendment or repeal of these bylaws and the adoption of new bylaws. There shall be included in, or enclosed with, the notice, a copy of the proposed amendment or a summary of the changes to be effected thereby.

 

16.2     Majority Vote.

 

Except as provided in Sections 10.6 and 12.9 hereof, and except as provided in the Nevada Business Corporation Act, these bylaws may be amended or repealed, and new bylaws adopted, by the affirmative vote of a majority of the members of the Board at any regular or special meeting duly convened, subject to the power of the shareholders to change such action of the Board.

  

23

  

 

EXMOVERE HOLDINGS, INC.

a Nevada Corporation

CERTIFICATE OF ADOPTION OF BYLAWS

The undersigned hereby certifies that he or she is the duly elected, qualified, and acting Secretary or Assistant Secretary of Exmovere Holdings, Inc., a Nevada corporation, and that the foregoing Amended and Restated Bylaws, comprising twenty-one (21) pages, were adopted as the corporation’s By-laws on August 11, by the corporation’s Board.

IN WITNESS WHEREOF, the undersigned has hereunto set his or her hand this 11th day of August, 2010.

 

 

 

	
 

	 	 	

	 

 

 

 

 

 

 

 

24exh_10-1.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
10-1

     

    AGREEMENT
AND PLAN OF SHARE EXCHANGE

     

    

     

    THIS AGREEMENT AND PLAN OF SHARE
EXCHANGE (hereinafter referred to as the “Agreement”), is entered into as
of  11th day of June 2010 , by and among, EXTREME HOME STAGING, INC., a
publicly-owned Nevada corporation (“EXSG”), and Q LOTUS, INC., a Nevada corporation (“QLI”), sometimes
hereinafter collectively referred to as the “Parties” and individually as a
“Party.”)

     

    W
I T N E S S E T H

     

    WHEREAS, EXSG is a
publicly-owned Nevada  corporation with 7,339,999 shares of common
stock, par value $0.0001 per share, issued and outstanding (the “EXSG Common
Stock”) and is quoted on the Over the Counter Bulletin Board under the symbol
“EXSG”.

     

    WHEREAS, the QLI Shareholders
listed on Schedule
I hereto own all of the issued and outstanding shares of the common stock
of QLI (the “QLI Common Stock”).

     

    WHEREAS, the Parties desire
that EXSG acquire all of the QLI Common Stock from the QLI Shareholders solely
in exchange for an aggregate of 10,000,000 newly issued shares of common stock
(the “Exchange Shares”) pursuant to the terms and conditions set forth in this
Agreement.

     

    WHEREAS, immediately upon
consummation of the Closing (as hereinafter defined), the Exchange Shares will
be issued to the QLI Shareholders on a pro rata basis, in proportion to the
ratio that the number of shares of QLI Common Stock held by such QLI Shareholder
bears to the number of shares of QLI Common Stock held by all the QLI
Shareholders as of the date of the Closing.

     

    WHEREAS, following the Closing,
QLI will become a wholly-owned subsidiary of EXSG and the Exchange Shares will
represent approximately fifty eight percent (58%) of the total outstanding
shares of Common Stock of EXSG.

     

    WHEREAS, the Parties intend
that the transaction contemplated herein (the “Transaction”) qualify as a
reorganization and tax-free exchange under Section 368(a) of the Internal
Revenue Code of 1986, as amended.

     

    NOW THEREFORE, on the stated
premises and for and in consideration of the foregoing recitals which are hereby
incorporated by reference, the mutual covenants and agreements hereinafter set
forth and the mutual benefits to the Parties to be derived herefrom and for
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the Parties hereto agree as follows:

     

    ARTICLE
I

     

    PLAN
OF EXCHANGE

     

    1.1 The
Exchange.  At the Closing (as hereinafter defined), each share of QLI
Common Stock issued and outstanding immediately prior to the Closing Date
(1,000,000 shares in aggregate) shall be exchanged for 10 shares of EXSG Common
Stock.  The aggregate number of shares of EXSG Stock exchanged for the
QLI Shares pursuant to this Agreement shall be 10,000,000.  From and
after the Closing Date, the QLI Shareholders shall no longer own any shares of
QLI Common Stock, and the stock certificates formerly representing shares of QLI
Common Stock shall represent the pro rata portion of the Exchange Shares
issuable in exchange therefor pursuant to this Agreement.  Any
fractional shares that would result from such exchange will be rounded up to the
next highest whole number.

     

    1.2 No
Dilution.  EXSG shall neither effect, nor fix any record date with
respect to, any stock split, stock dividend, reverse stock split,
recapitalization, or similar change in the EXSG Stock between the date of this
Agreement and the Effective Time.

     

    1.3 Closing.
The closing (“Closing”) of the transactions contemplated by this Agreement shall
occur immediately following the execution of this Agreement providing the
closing conditions set forth in Articles V and VI have been satisfied or waived
(the “Closing Date”).

     

    1.4 Closing
Events.  At the Closing, each of the respective parties hereto shall
execute, acknowledge, and deliver (or shall cause to be executed, acknowledged,
and delivered) any and all stock certificates, officers’ certificates, opinions,
financial statements, schedules, agreements, resolutions, rulings, or other
instruments required by this Agreement to be so delivered at or prior to the
Closing, and the documents and certificates provided in Sections 5.2, 5.4, 6.2,
6.4 and 6.5, together with such other items as may be reasonably requested by
the parties hereto and their respective legal counsel in order to effectuate or
evidence the transactions contemplated hereby.  If agreed to by the
parties, the Closing may take place through the exchange of documents (other
than the exchange of stock certificates) by efax, fax, email and/or express
courier.  At the Closing, the Exchange Shares shall be issued in the
names and denominations provided by QLI.

     

    
      	
               

            	
               

            

    

     

    ARTICLE
II

     

    REPRESENTATIONS,
COVENANTS, AND WARRANTIES OF QLI

     

    As an
inducement to, and to obtain the reliance of EXSG, QLI represents and warrants
as follows:

     

    2.1 Organization.  QLI
is a corporation duly organized, validly existing, and in good standing under
the laws of the State of Nevada.  QLI has the power and is duly
authorized, qualified, franchised, and licensed under all applicable laws,
regulations, ordinances, and orders of public authorities to own all of its
properties and assets and to carry on its business in all material respects as
it is now being conducted, including qualification to do business as a foreign
corporation in jurisdictions in which the character and location of the assets
owned by it or the nature of the business transacted by it requires
qualification.  The execution and delivery of this Agreement does not,
and the consummation of the transactions contemplated by this Agreement in
accordance with the terms hereof will not, violate any provision of QLI’s
organizational documents.  QLI has taken all action required by laws,
its certificate of  incorporation, certificate of business
registration, or otherwise to authorize the execution and delivery of this
Agreement. QLI has full power, authority, and legal right and has taken or will
take all action required by law, its Certificate of  Incorporation,
and otherwise to consummate the transactions herein contemplated.

     

    2.2 Capitalization.  All
issued and outstanding shares of QLI are legally issued, fully paid, and
non-assessable and were not issued in violation of the pre-emptive or other
rights of any person.  QLI has no outstanding options, warrants, or
other convertible securities.

     

    2.3 Financial
Statements.

     

    
      	
              (a)  

            	
              QLI
      has filed all local income tax returns required to be filed by it from its
      inception to the date hereof.  All such returns are complete and
      accurate in all material respects.

            

    

     

    
      	
              (b)  

            	
              QLI
      has no liabilities with respect to the payment of federal, county, local,
      or other taxes (including any deficiencies, interest, or penalties),
      except for taxes accrued but not yet due and payable, for which QLI may be
      liable in its own right or as a transferee of the assets of, or as a
      successor to, any other corporation or
entity.

            

    

     

    
      	
              (c)  

            	
              No
      deficiency for any taxes has been proposed, asserted or assessed against
      QLI.  There has been no tax audit, nor has there been any notice
      to QLI by any taxing authority regarding any such tax audit, or, to the
      knowledge of QLI, is any such tax audit threatened with regard to any
      taxes or QLI tax returns.  QLI does not expect the assessment of
      any additional taxes of QLI for any period prior to the date hereof and
      has no knowledge of any unresolved questions concerning the liability for
      taxes of QLI.

            

    

     

    
      	
              (d)  

            	
              The
      books and records, financial and otherwise, of QLI are in all material
      respects complete and correct and have been maintained in accordance with
      good business and accounting
practices.

            

    

     

    2.4 Information.  The
information concerning QLI set forth in this Agreement and the QLI Schedules (as
that term is defined herein) are and will be complete and accurate in all
material respects and does not contain any untrue statement of a material fact
or omit to state a material fact required to make the statements made, in light
of the circumstances under which they were made, not misleading as of the date
hereof and as of the Closing Date.

     

    2.5 Common Stock
Equivalents.  There are no existing options, warrants, calls,
commitments of any character or other common stock equivalents relating to the
authorized and unissued QLI Common Stock.

     

    2.6 Absence of Certain Changes
or Events.  Except as set forth in this Agreement or the QLI
Schedules (as that term is defined herein):

     

    
      	
              (a)  

            	
              except
      in the normal course of business, there has not been (i) any material
      adverse change in the business, operations, properties, assets, or
      condition of QLI; or (ii) any damage, destruction, or loss to QLI (whether
      or not covered by insurance) materially and adversely affecting the
      business, operations, properties, assets, or condition of
    QLI;

            

    

     

    
      	
              (b)  

            	
              QLI
      has not (i) borrowed or agreed to borrow any funds or incurred, or become
      subject to, any material obligation or liability (absolute or contingent)
      not otherwise in the ordinary course of business, and except for capital
      raised by issuance of debt or equity in a private placement or other
      capital raising transaction deemed advisable by QLI; (ii) paid any
      material obligation or liability not otherwise in the ordinary course of
      business (absolute or contingent) other than current liabilities reflected
      in or shown on the most recent QLI consolidated balance sheet, and current
      liabilities incurred since that date in the ordinary course of business;
      (iii) sold or transferred, or agreed to sell or transfer, any of its
      assets, properties, or rights not otherwise in the ordinary course of
      business; (iv) made or permitted any amendment or termination of any
      contract, agreement, or license to which they are a party not otherwise in
      the ordinary course of business if such amendment or termination is
      material, considering the business of QLI; or (v) issued, delivered, or
      agreed to issue or deliver any stock, bonds or other corporate securities
      including debentures (whether authorized and unissued or held as treasury
      stock).

            

    

     

    2.7 Litigation and
Proceedings.  There are no actions, suits, proceedings, or
investigations pending or, to the knowledge of QLI, threatened by or against
QLI, or affecting QLI, or its properties, at law or in equity, before any court
or other governmental agency or instrumentality, domestic or foreign, or before
any arbitrator of any kind.

     

    2.8 No Conflict With Other
Instruments.  The execution of this Agreement and the
consummation of the transactions contemplated by this Agreement will not result
in the breach of any term or provision of, or constitute an event of default
under, any material indenture, mortgage, deed of trust, or other material
contract, agreement, or instrument to which QLI is a party or to which any of
its properties or operations are subject.

     

    2.9 Contracts.  QLI
has provided, or will provide EXSG, copies of all material contracts,
agreements, franchises, license agreements, or other commitments to which QLI is
a party or by which it or any of its assets, products, technology, or properties
are bound.

     

    2.10 Compliance With Laws and
Regulations.  QLI has complied with all applicable statutes and
regulations of any national, county, or other governmental entity or agency
thereof, except to the extent that noncompliance would not materially and
adversely affect the business, operations, properties, assets, or condition of
QLI.

     

    2.11 Approval of
Agreement.  The board of directors of QLI (the “QLI Board”) and
the QLI Shareholders have authorized the execution and delivery of this
Agreement by QLI and have approved the transactions contemplated
hereby.

     

    2.12 QLI
Schedules.  QLI will deliver, as soon as practicable, the
following schedules, which are collectively referred to as the “QLI Schedules”
and which consist of separate schedules dated as of the date of execution of
this Agreement and instruments and data as of such date, all certified by the
chief executive officer of QLI as complete, true and correct:

     

    
      	
              (a)  

            	
              a
      schedule containing complete and correct copies of the organizational
      documents, as amended, of QLI in effect as of the date of this Agreement;
      and

            

    

     

    
      	
              (b)  

            	
              a
      schedule as requested by EXSG, containing true and correct copies of all
      material contracts, agreements, or other instruments to which QLI is a
      party or by which it or its properties are bound, specifically including
      all contracts, agreements, or arrangements referred to in Section
      2.9.

            

    

     

    2.13 Title and Related
Matters.  QLI has good and marketable title to all of its
properties, interest in properties, and assets, real and personal, which are
reflected in the QLI balance sheet or acquired after that date (except
properties, interest in properties, and assets sold or otherwise disposed of
since such date in the ordinary course of business), free and clear of all
liens, pledges, charges, or encumbrances except:

     

    
      	
              (a)  

            	
              statutory
      liens or claims not yet delinquent;
and

            

    

     

    
      	
              (b)  

            	
              as
      described in the QLI Schedules.

            

    

     

    2.14 Governmental
Authorizations.  QLI has all licenses, franchises, permits, and
other government authorizations, that are legally required to enable it to
conduct its business operations in all material respects as conducted on the
date hereof. Except for compliance with federal and state securities or
corporation laws, as hereinafter provided, no authorization, approval, consent,
or order of, or registration, declaration, or filing with, any court or other
governmental body is required in connection with the execution and delivery by
QLI of this Agreement and the consummation by QLI of the transactions
contemplated hereby.

     

    2.15 Continuity of Business
Enterprises.  QLI has no commitment or present intention to
liquidate QLI or sell or otherwise dispose of a material portion of its business
or assets following the consummation of the transactions contemplated
hereby.

     

    2.16 Ownership of QLI
Shares.  The QLI Shareholders are the legal and beneficial
owners of 100% of the QLI Common Stock as set forth on Schedule I, free and
clear of any claims, charges, equities, liens, security interests, and
encumbrances whatsoever, and the QLI Shareholders have full right, power, and
authority to transfer, assign, convey, and deliver their respective QLI Common
Stock; and delivery of such common stock at the Closing will convey to EXSG good
and marketable title to such shares free and clear of any claims, charges,
equities, liens, security interests, and encumbrances except for any such
claims, charges, equities, liens, security interests, and encumbrances arising
out of such shares being held by EXSG.

     

    2.17 Brokers.  QLI
has not entered into any contract with any person, firm or other entity that
would obligate QLI or EXSG to pay any commission, brokerage or finders’ fee in
connection with the transactions contemplated herein.

     

    2.18 Nominees.  The
nominees of QLI to serve as EXSG's directors and officers following the Closing
(the "Nominees"), whose names and signatures appear on Schedule II hereto,
represent that no event listed in Sub-paragraphs (1) through (4) of Subparagraph
(d) of Item 401 of Regulation S-B has occurred with respect to any of the
Nominees during the past five years which is material to an evaluation of the
ability or integrity of such Nominee.

     

    2.19 Subsidiaries and Predecessor
Corporations.  QLI does not have any subsidiaries and does not
own, beneficially or of record, any shares or other equity interests of any
other corporation or entity.

     

    

     

    ARTICLE
III

     

    REPRESENTATIONS, COVENANTS, AND WARRANTIES OF
EXSG

     

    As an
inducement to, and to obtain the reliance of QLI, EXSG represents and warrants
as follows:

     

    3.1 Organization.  EXSG
is a corporation duly organized, validly existing, and in good standing under
the laws of the State of Nevada, and has the corporate power and is duly
authorized, qualified, franchised, and licensed under all applicable laws,
regulations, ordinances, and orders of public authorities to own all of its
properties and assets and to carry on its business in all material respects as
it is now being conducted, and there is no jurisdiction in which it is not
qualified in which the character and location of the assets owned by it or the
nature of the business transacted by it requires qualification. Included in the
EXSG Schedules (as hereinafter defined) are complete and correct copies of the
Articles of Incorporation and bylaws of EXSG, and all amendments thereto, as in
effect on the date hereof. The execution and delivery of this Agreement does
not, and the consummation of the transactions contemplated hereby will not,
violate any provision of EXSG’s Articles of Incorporation or bylaws. EXSG has
taken all action required by law, its Certificate of Incorporation, its bylaws,
or otherwise to authorize the execution and delivery of this Agreement, and EXSG
has full power, authority, and legal right and has taken all action required by
law, its Certificate of Incorporation, By-Laws, or otherwise to consummate the
transactions herein contemplated.

     

    3.2 Capitalization.  EXSG’s
authorized capitalization (without including pending corporate actions) consists
of 200,000,000 shares of Common Stock, of which no more than
17,339,999  shares will be issued and outstanding at Closing, and
10,000,000 shares of preferred stock, par value $0.001 per share authorized (the
“Preferred Stock”), of which no shares are outstanding.  All presently
issued and outstanding shares are legally issued, fully paid, and non-assessable
and not issued in violation of the pre-emptive or other rights of any
person.  The Exchange Shares will be legally issued, fully paid and
non-assessable and shall not be issued in violation of the pre-emptive or other
rights of any other person.

     

    3.3 Financial
Statements.  Except as set forth within its filing of reports
with the Securities and Exchange Commission (the "SEC Reports"):

     

    
      	
              (a)  

            	
              EXSG
      has no liabilities with respect to the payment of any federal, state,
      county, local, or other taxes (including any deficiencies, interest, or
      penalties), except for taxes accrued but not yet due and payable, for
      which EXSG may be liable in its own right, or as a transferee of the
      assets of, or as a successor to, any other corporation or
      entity.

            

    

     

    
      	
              (b)  

            	
              EXSG
      has filed all federal, state, or state tax returns required to be filed by
      it from inception.

            

    

     

    
      	
              (c)  

            	
              The
      books and records, financial and otherwise, of EXSG are in all material
      respects complete and correct and have been maintained in accordance with
      good business and accounting
practices.

            

    

     

    
      	
              (d)  

            	
              No
      deficiency for any taxes has been proposed, asserted or assessed against
      EXSG.  There has been no tax audit, nor has there been any
      notice to EXSG by any taxing authority regarding any such tax audit, or,
      to the knowledge of EXSG, is any such tax audit threatened with regard to
      any taxes or EXSG tax returns.  EXSG does not expect the
      assessment of any additional taxes of EXSG for any period prior to the
      date hereof and has no knowledge of any unresolved questions concerning
      the liability for taxes of EXSG.

            

    

     

    
      	
              (e)  

            	
              EXSG
      has good and marketable title to its assets and, except as set forth in
      the EXSG Schedules, has no material contingent liabilities, direct or
      indirect, matured or unmatured.

            

    

     

    3.4 Information.  The
information concerning EXSG set forth in this Agreement and the EXSG Schedules
are and will be complete and accurate in all material respects and does not
contain any untrue statement of a material fact or omit to state a material fact
required to make the statements made, in light of the circumstances under which
they were made, not misleading as of the date hereof and as of the Closing
Date.

     

    3.5 Common Stock
Equivalents.  Except as set forth herein, there are no existing
options, warrants, calls, commitments of any character or other common stock
equivalents relating to authorized and unissued stock of EXSG.

     

    3.6 Absence of Certain Changes
or Events.  Except as described herein or in the EXSG
Schedules:

     

    
      	
              (a)  

            	
              There
      has not been (i) any material adverse change, financial or otherwise, in
      the business, operations, properties, assets, or condition of EXSG
      (whether or not covered by insurance) materially and adversely affecting
      the business, operations, properties, assets, or condition of
      EXSG;

            

    

     

    
      	
              (b)  

            	
              EXSG,
      (except for pending corporate actions not included herein)  has
      not (i) amended its Articles of Incorporation or by-laws; (ii) declared or
      made, or agreed to declare or make any payment of dividends or
      distributions of any assets of any kind whatsoever to stockholders or
      purchased or redeemed, or agreed to purchase or redeem, any of its capital
      stock; (iii) waived any rights of value which in the aggregate are
      extraordinary or material considering the business of EXSG; (iv) made any
      material change in its method of management, operation, or accounting; (v)
      entered into any other material transactions; (vi) made any accrual or
      arrangement for or payment of bonuses or special compensation of any kind
      or any severance or termination pay to any present or former officer or
      employee; (vii) increased the rate of compensation payable or to become
      payable by it to any of its officers or directors or any of its employees;
      or (viii) made any increase in any profit sharing, bonus, deferred
      compensation, insurance, pension, retirement, or other employee benefit
      plan, payment, or arrangement, made to, for, or with its officers,
      directors, or employees;

            

    

     

    
      	
              (c)  

            	
              EXSG
      has not (i) granted or agreed to grant any options, warrants, or other
      rights for its stocks, bonds, or other corporate securities calling for
      the issuance thereof; (ii) borrowed or agreed to borrow any funds or
      incurred, or become subject to, any material obligation or liability
      (absolute or contingent) except liabilities incurred in the ordinary
      course of business; (iii) paid or agreed to pay any material obligation or
      liability (absolute or contingent) other than current liabilities
      reflected in or shown on the most recent EXSG balance sheet and current
      liabilities incurred since that date in the ordinary course of business
      and professional and other fees and expenses incurred in connection with
      the preparation of this Agreement and the consummation of the transactions
      contemplated hereby; (iv) sold or transferred, or agreed to sell or
      transfer, any of its assets, property, or rights (except assets, property,
      or rights not used or useful in its business which, in the aggregate have
      a value of less than $1,000), or canceled, or agreed to cancel, any debts
      or claims (except debts or claims which in the aggregate are of a value of
      less than $1,000); (v) made or permitted any amendment or termination of
      any contract, agreement, or license to which it is a party if such
      amendment or termination is material, considering the business of EXSG; or
      (vi) issued, delivered, or agreed to issue or deliver any stock, bonds, or
      other corporate securities including debentures (whether authorized and
      unissued or held as treasury stock), except in connection with this
      Agreement;

            

    

     

    
      	
              (d)  

            	
              EXSG
      has no assets, liabilities or accounts payable of any kind or nature,
      actual or contingent, in excess of $4,500 in the aggregate as of the
      Closing Date; and

            

    

     

    
      	
              (e)  

            	
              To
      the best knowledge of EXSG, it has not become subject to any law or
      regulation which materially and adversely affects, or in the future may
      adversely affect, the business, operations, properties, assets, or
      condition of EXSG.

            

    

     

    3.7 Title and Related
Matters.  EXSG has good and marketable title to all of its
properties, interest in properties, and assets, real and personal, which are
reflected in the EXSG balance sheet or acquired after that date (except
properties, interest in properties, and assets sold or otherwise disposed of
since such date in the ordinary course of business), free and clear of all
liens, pledges, charges, or encumbrances except:

     

    
      	
              (a)  

            	
              statutory
      liens or claims not yet delinquent;

            

    

     

    
      	
              (b)  

            	
              such
      imperfections of title and easements as do not and will not materially
      detract from or interfere with the present or proposed use of the
      properties subject thereto or affected thereby or otherwise materially
      impair present business operations on such properties;
  and

            

    

     

    
      	
              (c)  

            	
              as
      described in the EXSG Schedules.

            

    

     

    3.8 Litigation and
Proceedings.  There are no actions, suits, or proceedings
pending or, to the knowledge of EXSG, threatened by or against or affecting
EXSG, at law or in equity, before any court or other governmental agency or
instrumentality, domestic or foreign, or before any arbitrator of any
kind.

     

    3.9 Contracts.  EXSG
is not a party to any material contract, agreement, or other commitment, except
as specifically disclosed in its schedules to this Agreement.

     

    3.10 No Conflict With Other
Instruments.  The execution of this Agreement and the
consummation of the transactions contemplated by this Agreement will not result
in the breach of any term or provision of, or constitute a default under, any
indenture, mortgage, deed of trust, or other material agreement or instrument to
which EXSG is a party or to which it or any of its assets or operations are
subject.

     

    3.11 Governmental
Authorizations.  EXSG is not required to have any licenses,
franchises, permits, and other government authorizations, that are legally
required to enable it to conduct its business operations in all material
respects as conducted on the date hereof. Except for compliance with federal and
state securities or corporation laws, as hereinafter provided, no authorization,
approval, consent, or order of, or registration, declaration, or filing with,
any court or other governmental body is required in connection with the
execution and delivery by EXSG of this Agreement and the consummation by EXSG of
the transactions contemplated hereby.

     

    3.12 Compliance With Laws and
Regulations.  To the best of its knowledge, EXSG has complied
with all applicable statutes and regulations of any federal, state, or other
applicable governmental entity or agency thereof, except to the extent that
noncompliance would not materially and adversely affect the business,
operations, properties, assets, or conditions of EXSG or except to the extent
that noncompliance would not result in the incurrence of any material
liability.

     

    3.13 Insurance.  EXSG
owns no insurable properties and carries no casualty or liability
insurance.

     

    3.14 Approval of
Agreement.  The board of directors of EXSG (the “EXSG Board”)
has authorized the execution and delivery of this Agreement by EXSG and has
approved this Agreement and the transactions contemplated hereby.

     

    3.15 Material Transactions of
Affiliations.  Except as disclosed herein and in the EXSG
Schedules, there exists no material contract, agreement, or arrangement between
EXSG and any person who was at the time of such contract, agreement, or
arrangement an officer, director, or person owning of record or known by EXSG to
own beneficially, 10% or more of the issued and outstanding common stock of EXSG
and which is to be performed in whole or in part after the date hereof or was
entered into not more than three years prior to the date hereof. Neither any
officer, director, nor 10% stockholder of EXSG has, or has had during the last
preceding full fiscal year, any known interest in any material transaction with
EXSG which was material to the business of EXSG. EXSG has no commitment, whether
written or oral, to lend any funds to, borrow any money from, or enter into any
other material transaction with any such affiliated person.

     

    3.16 Employment
Matters.  EXSG has no employees other than its executive
officers.

     

    3.17 EXSG
Schedules.  Prior to the Closing, EXSG shall have delivered to
QLI the following schedules, which are collectively referred to as the “EXSG
Schedules,” which are dated the date of this Agreement, all certified by an
officer to be complete, true, and accurate:

     

    
      	
              (a)  

            	
              a
      schedule containing complete and accurate copies of the Certificate
      of  Incorporation and by-laws, as amended, of EXSG as in effect
      as of the date of this Agreement;

            

    

     

    
      	
              (b)  

            	
              a
      schedule containing a copy of the federal income tax returns of EXSG
      identified in Section 3.3(b); and

            

    

     

    
      	
              (c)  

            	
              a
      schedule setting forth any other information, together with any required
      copies of documents, required to be disclosed in the EXSG
      Schedules.

            

    

     

    3.18 Brokers.  EXSG
has not entered into any contract with any person, firm or other entity that
would obligate QLI or EXSG to pay any commission, brokerage or finders’ fee in
connection with the transactions contemplated herein.

     

    3.19 Subsidiaries.  EXSG
does not have any subsidiaries and does not own, beneficially or of record, any
shares or other equity interests of any other corporation or other
entity.

     

    

     

    ARTICLE
IV

     

    SPECIAL
COVENANTS

     

    4.1 Post-Closing
Covenants.   Within ten (10) days following the Closing,
EXSG shall file a Preliminary Information Statement in accordance with the
provisions of Rule 14C of the Rules promulgated under the Securities Exchange
Act of 1934, as amended, to amend EXSG's Articles of Incorporation to provide
for the following: to change the name of the Corporation to "Q Lotus, Inc", or
such similar name as is available; to increase the number of EXSG's authorized
capital stock to 400,000,0000 shares of Common Stock and increase the preferred
shares to  100,000,000 shares of preferred stock, par value, $0.001
per share.

     

    

    4.2 Shareholders’ Actions of
EXSG.  Prior to the Closing, EXSG shall cause the following
actions to be taken by the written consent of the holders of a majority of the
outstanding shares of common stock of EXSG:

     

    
      	
              (a)  

            	
              the
      approval of this Agreement and the transactions contemplated hereby and
      thereby; and

            

    

     

    
      	
              (b)  

            	
              such
      other actions as the directors may determine are necessary or
      appropriate.

            

    

     

    4.3 Actions of QLI
Shareholders.  Prior to the Closing, QLI shall cause the
following actions to be taken by the written consent of the holders of a
majority of the outstanding shares of common stock of QLI:

     

    
      	
              (a)  

            	
              the
      approval of this Agreement and the transactions contemplated hereby and
      thereby; and

            

    

     

    
      	
              (b)  

            	
              such
      other actions as the directors may determine are necessary or
      appropriate.

            

    

     

    4.4 Access to Properties and
Records.  EXSG and QLI will each afford to the officers and
authorized representatives of the other reasonable access to the properties,
books, and records of EXSG or QLI in order that each may have full opportunity
to make such reasonable investigation as it shall desire to make of the affairs
of the other, and each will furnish the other with such additional financial and
operating data and other information as to the business and properties of EXSG
or QLI as the other shall from time to time reasonably request.

     

    4.5 Delivery of Books and
Records.  At the Closing, EXSG shall deliver to QLI, the
originals of the corporate minute books, books of account, contracts, records,
and all other books or documents of EXSG now in the possession or control of
EXSG or its representatives and agents.

     

    4.6 Actions Prior to Closing by
both Parties.

     

    
      	
              (a)  

            	
              From
      and after the date of this Agreement until the Closing Date and except as
      set forth in the EXSG or QLI Schedules or as permitted or contemplated by
      this Agreement, EXSG and QLI will each: (i) carry on its business in
      substantially the same manner as it has heretofore; (ii) maintain and keep
      its properties in states of good repair and condition as at present,
      except for depreciation due to ordinary wear and tear and damage due to
      casualty; (iii) maintain in full force and effect insurance comparable in
      amount and in scope of coverage to that now maintained by it; (iv) perform
      in all material respects all of its obligation under material contracts,
      leases, and instruments relating to or affecting its assets, properties,
      and business; (v) use its best efforts to maintain and preserve its
      business organization intact, to retain its key employees, and to maintain
      its relationship with its material suppliers and customers; and (vi) fully
      comply with and perform in all material respects all obligations and
      duties imposed on it by all federal and state laws and all rules,
      regulations, and orders imposed by federal or state governmental
      authorities.

            

    

     

    
      	
              (b)  

            	
              From
      and after the date of this Agreement until the Closing Date, neither EXSG
      nor QLI will: (i) make any change in their organizational documents,
      charter documents or bylaws; (ii) take any action described in Section 2.6
      in the case of QLI, or in Section 3.6, in the case of EXSG (all except as
      permitted therein or as disclosed in the applicable party’s schedules);
      (iii) enter into or amend any contract, agreement, or other instrument of
      any of the types described in such party’s schedules, except that a party
      may enter into or amend any contract, agreement, or other instrument in
      the ordinary course of business involving the sale of goods or services,
      or (iv) make or change any material tax election, settle or compromise any
      material tax liability or file any amended tax
  return.

            

    

     

    4.7 Indemnification.

     

    
      	
              (a)  

            	
              QLI
      hereby agrees to indemnify EXSG and each of the officers, agents and
      directors of EXSG as of the date of execution of this Agreement against
      any loss, liability, claim, damage, or expense (including, but not limited
      to, any and all expense whatsoever reasonably incurred in investigating,
      preparing, or defending against any litigation, commenced or threatened,
      or any claim whatsoever), to which it or they may become subject arising
      out of or based on any inaccuracy appearing in or misrepresentation made
      in Article II. The indemnification provided for in this paragraph shall
      not survive the Closing and consummation of the transactions contemplated
      hereby but shall survive the termination of this Agreement pursuant to
      Section 7.1(b) of this Agreement.

            

    

     

    
      	
              (b)  

            	
              EXSG
      hereby agrees to indemnify QLI and each of the officers, agents and
      directors of QLI as of the date of execution of this Agreement against any
      loss, liability, claim, damage, or expense (including, but not limited to,
      any and all expense whatsoever reasonably incurred in investigating,
      preparing, or defending against any litigation, commenced or threatened,
      or any claim whatsoever), to which it or they may become subject arising
      out of or based on any inaccuracy appearing in or misrepresentation made
      under Article III. The indemnification provided for in this paragraph
      shall not survive the Closing and consummation of the transactions
      contemplated hereby but shall survive the termination of this Agreement
      pursuant to Section 7.1(c) of this
Agreement.

            

    

     

    

    

     

    ARTICLE
V

     

    CONDITIONS
PRECEDENT TO OBLIGATIONS OF EXSG

     

    The obligations of EXSG under this
Agreement are subject to the satisfaction, at or before the Closing, of the
following conditions:

    

    5.1 Accuracy of Representations;
Performance.  The representations and warranties made by QLI in
this Agreement were true when made and shall be true at the Closing Date with
the same force and effect as if such representations and warranties were made at
and as of the Closing Date (except for changes therein permitted by this
Agreement), and QLI shall have performed or complied with all covenants and
conditions required by this Agreement to be performed or complied with by QLI
prior to or at the Closing. EXSG may request to be furnished with a certificate,
signed by a duly authorized officer of QLI and dated the Closing Date, to the
foregoing effect.

     

    5.2 Officer’s
Certificates.  EXSG shall have been furnished with a
certificate dated the Closing Date and signed by a duly authorized officer of
QLI to the effect that no litigation, proceeding, investigation, or inquiry is
pending or, to the best knowledge of QLI threatened, which might result in an
action to enjoin or prevent the consummation of the transactions contemplated by
this Agreement, or, to the extent not disclosed in the QLI Schedules, by or
against QLI which might result in any material adverse change in any of the
assets, properties, business, or operations of QLI.

     

    5.3 No Material Adverse
Change.  Prior to the Closing Date, there shall not have
occurred any material adverse change in the financial condition, business, or
operations of QLI, nor shall any event have occurred which, with the lapse of
time or the giving of notice, may cause or create any material adverse change in
the financial condition, business, or operations.

     

    5.4 Other
Items.

     

    
      	
              (a)  

            	
              EXSG
      shall have received such further documents, certificates, or instruments
      relating to the transactions contemplated hereby as EXSG may reasonably
      request.

            

    

     

    
      	
              (b)  

            	
              Complete
      and satisfactory due diligence review of QLI by
  EXSG.

            

    

     

    
      	
              (c)  

            	
              Approval
      of the Transaction by the QLI Board and the QLI
    Shareholders.

            

    

     

    
      	
              (d)  

            	
              Any
      necessary third-party consents shall be obtained prior to Closing,
      including but not limited to consents necessary from QLI’s lenders,
      creditors, vendors and lessors.

            

    

     

    

     

    ARTICLE
VI

     

    CONDITIONS
PRECEDENT TO OBLIGATIONS OF QLI

     

    The
obligations of QLI under this Agreement are subject to the satisfaction, at or
before the Closing, of the following conditions:

     

    6.1 Accuracy of Representations;
Performance.  The representations and warranties made by EXSG
in this Agreement were true when made and shall be true as of the Closing Date
(except for changes therein permitted by this Agreement) with the same force and
effect as if such representations and warranties were made at and as of the
Closing Date, and EXSG shall have performed and complied with all covenants and
conditions required by this Agreement to be performed or complied with by EXSG
prior to or at the Closing.  QLI shall have been furnished with a
certificate, signed by a duly authorized executive officer of EXSG and dated the
Closing Date, to the foregoing effect.

     

    6.2 Officer’s
Certificate.  QLI shall have been furnished with a certificate
dated the Closing Date and signed by a duly authorized executive officer of EXSG
to the effect that no litigation, proceeding, investigation, or inquiry is
pending or, to the best knowledge of EXSG threatened, which might result in an
action to enjoin or prevent the consummation of the transactions contemplated by
this Agreement.

     

    6.3 No Material Adverse
Change.  Prior to the Closing Date, there shall not have
occurred any material adverse change in the financial condition, business, or
operations of EXSG nor shall any event have occurred which, with the lapse of
time or the giving of notice, may cause or create any material adverse change in
the financial condition, business, or operations of EXSG.

     

    6.4 Good
Standing.  QLI shall have received a certificate of good
standing from the Secretary of State of the State of Florida or other
appropriate office, dated as of a date within ten days prior to the Closing Date
certifying that EXSG is in good standing as a corporation in the State of
Florida and has filed all tax returns required to have been filed by it to date
and has paid all taxes reported as due thereon.

     

    6.5 Other
Items.

     

    
      	
              (a)  

            	
              QLI
      shall have received a stockholder list of EXSG containing the name,
      address, and number of shares held by each EXSG stockholder as of the date
      of Closing certified by an executive officer of EXSG as being true,
      complete, and accurate.

            

    

     

    
      	
              (b)  

            	
              QLI
      shall have received such further documents, certificates, or instruments
      relating to the transactions contemplated hereby as QLI may reasonably
      request.

            

    

     

    
      	
              (c)  

            	
              Complete
      and satisfactory due diligence review of EXSG by
  QLI.

            

    

     

    
      	
              (d)  

            	
              Approval
      of the Transaction by the EXSG Board and the stockholders of
      EXSG.

            

    

     

    
      	
              (e)  

            	
              There
      shall have been no material adverse changes in EXSG, financial or
      otherwise.

            

    

     

    
      	
              (f)  

            	
              There
      shall be no EXSG Common Stock Equivalents outstanding as of immediately
      prior to the Closing.  For purposes of the foregoing, “EXSG
      Common Stock Equivalents” shall mean any subscriptions, warrants, options
      or other rights or commitments of any character to subscribe for or
      purchase from EXSG, or obligating EXSG to issue, any shares of any class
      of the capital stock of EXSG or any securities convertible into or
      exchangeable for such shares.

            

    

     

    
      	
              (g)  

            	
              Any
      necessary third-party consents shall be obtained prior to Closing,
      including but not limited to consents necessary from EXSG’s lenders,
      creditors; vendors, and lessors.

            

    

     

    

     

     
 

     

    ARTICLE
VII

     

    MISCELLANEOUS

     

    7.1 Governing
Law.  This Agreement shall be governed by, enforced, and
construed under and in accordance with the laws of the United States of America
and, with respect to matters of state law, with the laws of New
York.  Any dispute arising under or in any way related to this
Agreement will be submitted to binding arbitration before a single arbitrator by
the American Arbitration Association in accordance with the Association’s
commercial rules then in effect. The arbitration will be conducted in New York,
New York. The decision of the arbitrator will set forth in reasonable detail the
basis for the decision and will be binding on the parties. The arbitration award
may be confirmed by any court of competent jurisdiction.

     

    7.2 Notices.  Any
notices or other communications required or permitted hereunder shall be
sufficiently given if personally delivered to it or sent by registered mail or
certified mail, postage prepaid, or by prepaid telegram and any such notice or
communication shall be deemed to have been given as of the date so delivered,
mailed, or telegraphed.

     

    7.3 Attorney’s Fees. In
the event that any party institutes any action or suit to enforce this Agreement
or to secure relief from any default hereunder or breach hereof, the breaching
party or parties shall reimburse the non-breaching party or parties for all
costs, including reasonable attorneys’ fees, incurred in connection therewith
and in enforcing or collecting any judgment rendered therein.

     

    7.4 Confidentiality.
EXSG, on the one hand, and QLI and the QLI Shareholders, on the other hand, will
keep confidential all information and materials regarding the other Party
designated by such Party as confidential.  The provisions of this
Section 8.4 shall not apply to any information which is or shall become part of
the public domain through no fault of the Party subject to the obligation from a
third party with a right to disclose such information free of obligation of
confidentiality. EXSG and QLI agree that no public disclosure will be made by
either Party of the existence of the Transaction or the letter of intent or any
of its terms without first advising the other Party and obtaining its prior
written consent to the proposed disclosure, unless such disclosure is required
by law, regulation or stock exchange rule.

     

    7.5 Expenses.  Except
as otherwise set forth herein, each party shall bear its own costs and expenses
associated with the transactions contemplated by this
Agreement.  Without limiting the generality of the foregoing, all
costs and expenses incurred by QLI and EXSG after the Closing shall be borne by
the surviving entity.  After the Closing, the costs and expenses of
the QLI Shareholders shall be borne by the QLI Shareholders.

     

    7.6 Schedules;
Knowledge.  Each party is presumed to have full knowledge of
all information set forth in the other party’s schedules delivered pursuant to
this Agreement.

     

    7.7 Third Party
Beneficiaries.  This contract is solely between EXSG, QLI and
the QLI Shareholders, and, except as specifically provided, no director,
officer, stockholder, employee, agent, independent contractor, or any other
person or entity shall be deemed to be a third party beneficiary of this
Agreement.

     

    7.8 Entire
Agreement.  This Agreement represents the entire agreement
between the parties relating to the transaction. There are no other courses of
dealing, understandings, agreements, representations, or warranties, written or
oral, except as set forth herein.

     

    7.9 Survival.  The
representations and warranties of the respective parties shall survive the
Closing Date and the consummation of the transactions herein
contemplated.

     

    7.10 Counterparts.  This
Agreement may be executed in multiple counterparts, each of which shall be
deemed an original and all of which taken together shall be but a single
instrument.

     

    7.11 Amendment or
Waiver.  Every right and remedy provided herein shall be
cumulative with every other right and remedy, whether conferred herein, at law,
or in equity, and may be enforced concurrently herewith, and no waiver by any
party of the performance of any obligation by the other shall be construed as a
waiver of the same or any other default then, theretofore, or thereafter
occurring or existing. At any time prior to the Closing Date, this Agreement may
be amended by a writing signed by all parties hereto, with respect to any of the
terms contained herein, and any term or condition of this Agreement may be
waived or the time for performance hereof may be extended by a writing signed by
the party or parties for whose benefit the provision is intended.

     

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rest of this page left intentionally blank.)

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    IN WITNESS WHEREOF, the
corporate parties hereto have caused this Agreement to be executed by their
respective officers, hereunto duly authorized, as of the date first
above-written.

     

    EXTREME
HOME STAGING, INC.

    

    

    By:_/s/
Marckensie Theresias 

         Marckensie
Theresias , President, CEO

    

    

    

    Q
LOTUS, INC.

    

    By:___/s/
Marckensie Theresias 

         Markensie
Theresias,  President, CEO

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SCHEDULE
I

    

    Dated:  

     

     

    The
following persons are the only owners of the capital stock of QLI:

    

    

    
      	 
      	
              Person/Entity

            	
              Shares

            	
              Percentage

            	
              EXSG Share Ownership

            
	 
      	 
      	 
      	 
      	 
      
	 
      	
              Marckensie
      Theresias

            	
              1,000,000

            	
              100%

            	
              10,000,000

            
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
            	 
      	
                    

            	
               

            	 
      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
II

    

    to

    

    STOCK
EXCHANGE AGREEMENT

    

    

    

    
      	
              Name:

            	
              Position(s)

            	
              Signature

               

            
	
              Marckensie
      Theresias

            	
              President,
      Director

            	 
      
	 
      	
              Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]