Document:

Exhibit 10.4

 

ASSET PURCHASE AGREEMENT

 

by and among

 

American Software Capital, Inc.

 

as Seller,

 

and

 

Sakthi Global Holdings Ltd.

 

as Buyer

 

     

     

    

 

DISCLOSURE SCHEDULES

 

	2.01	Assets	30

 

    i

     

    

 

ASSET PURCHASE AGREEMENT

 

This Asset Purchase
Agreement (this “Agreement”) is entered into on July 10, 2020 (the “Agreement Date”), by
and among (a) American Software Capital Inc, (referred to as the “Seller”), and (b)  Sakthi Global Holdings
Ltd. ( referred to as the “Buyer”). Each of the above referenced parties is sometimes herein referred to individually
as a “Party” and, collectively, as the “Parties.”

 

WHEREAS, Seller is
the owner of all of the assets of a crypto currency exchange, e-wallet, and listing services organized under the brand Lukki and
their affiliated businesses (the “Business”);

 

WHEREAS, Seller wishes
to sell and assign to Buyer, and Buyer wishes to purchase and assume from Seller, substantially all the assets, and certain specified
liabilities, of the Business, subject to the terms and conditions set forth herein.

 

NOW, THEREFORE, in
consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

ARTICLE
I

 

DEFINITIONS

 

“Action” means
any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation,
citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at
law or in equity.

 

“Affiliate” of
a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or
is under common control with, such Person. The term “control” (including the terms “controlled by” and
“under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction
of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

 

“Affiliated
Group” means a group of Persons that elects, is required to, or otherwise files a Tax Return or pays a Tax as an affiliated
group, consolidated group, combined group, unitary group, or other group recognized by applicable U.S. federal, state, local or
foreign Laws relating to Taxes or Tax Returns.

 

“Agreement” has
the meaning set forth in the preamble.

 

“Agreement
Date” has the meaning set forth in the preamble.

 

“Assigned
Contracts” has the meaning set forth in Section 2.01(c).

 

“Assignment
Agreement” has the meaning set forth in Section 3.02(a)(ii).

 

“Basis”
means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident,
action, failure to act, or transaction that forms or could form the basis for any specified consequence.

 

“Bill of Sale” has
the meaning set forth in Section 3.02(a)(i).

 

“Books and
Records” has the meaning set forth in Section 2.01(k).

 

    1

     

    

 

“Business” has
the meaning set forth in the recitals.

 

“Business
Day” means any day except Saturday, Sunday or any other day on which commercial banks located in New York, USA are
authorized or required by Law to be closed for business.

 

“Buyer” has
the meaning set forth in the preamble.

 

“Buyer Indemnified
Party” has the meaning set forth in Section 9.02.

 

“Cash” means,
at any particular time, with respect to a Person, the sum of the cash and cash equivalents, determined in accordance with GAAP.

 

“CERCLA” means
the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization
Act of 1986, 42 U.S.C. §§ 9601 et seq.

 

“Closing” has
the meaning set forth in Section 3.01.

 

“Closing Date” has
the meaning set forth in Section 3.01.

 

“Closing Deadline” has
the meaning set forth in Section 3.01.

 

“Code” means
the Internal Revenue Code of 1986, as amended.

 

“Commerce”
means the U.S. Department of Commerce.

 

“Competing
Business” means any business which manufactures, distributes, designs, creates, or sells products or provides services
that compete directly with those distributed, manufactured, designed, sold, developed, in development, or provided by Buyer as
of immediately after the Closing or at any time during the thirty-six (36) month period immediately preceding the Closing.

 

“Contracts” means
all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures and
all other agreements, commitments and legally binding arrangements, whether written or oral.

 

“Customs and
International Trade Laws” means any Law, concerning the importation, exportation, re-exportation, or deemed exportation
of products, technical data, technology or services, and the terms and conduct of transactions and making or receiving of payment
related to such importation, exportation, re-exportation or deemed exportation, including, as applicable, the Tariff Act of 1930,
as amended, and other Laws, regulations, and programs administered or enforced by Commerce, the U.S. International Trade Commission,
U.S. Customs and Border Protection, U.S. Immigration and Customs Enforcement, and their predecessor agencies, the Export Administration
Regulations, including related restrictions with regard to transactions involving Persons on the Commerce Denied Persons List or
Entity List, the Arms Export Control Act, as amended, the International Traffic in Arms Regulations (the “ITAR”),
including related restrictions with regard to transactions involving Persons on the Debarred List, the International Emergency
Economic Powers Act, as amended, the Trading With the Enemy Act, as amended, the embargoes and restrictions administered by OFAC,
Executive Orders regarding embargoes and restrictions on transactions with designated countries and entities, including Persons
designated on OFAC’s list of Specially Designated Nationals and Blocked Persons and the anti-boycott regulations administered
by Commerce and the U.S. Department of the Treasury.

 

    2

     

    

 

“Damages”
has the meaning set forth in Section 9.02.

 

“Data Laws”
means Laws applicable to data privacy, data security or personal information, including the Federal Trade Commission’s Fair
Information Principles, as well as industry standards applicable to Seller or the Business.

 

“Disclosure
Schedules” means the Disclosure Schedules delivered by Seller concurrently with the execution and delivery of this
Agreement.

 

“Dollars”
or “$” means the lawful currency of the United States.

 

“Environmental
Claim” means any Action, Governmental Order, Lien, fine, penalty, or, as to each, any settlement or judgment arising
therefrom, by or from any Person alleging Liability of whatever kind or nature (including Liability or responsibility for the costs
of enforcement Actions, cleanup, governmental response, removal or remediation, natural resources damages, property damages, personal
injuries, medical monitoring, penalties, contribution, indemnification and injunctive relief) arising out of, based on or resulting
from: (a) the presence, Release of, or exposure to, any Hazardous Materials or (b) any actual or alleged non-compliance with any
Environmental Law or term or condition of any Environmental Permit.

 

“Environmental
Law” means any applicable Law, and any Governmental Order or binding agreement with any Governmental Authority:
(a) relating to pollution (or the cleanup thereof) or the protection of natural resources, endangered or threatened species, human
health or safety, or the environment (including ambient air, soil, surface water or groundwater, or subsurface strata) or (b) concerning
the presence of, exposure to, or the management, manufacture, use, containment, storage, recycling, reclamation, reuse, treatment,
generation, discharge, transportation, processing, production, disposal or remediation of any Hazardous Materials. The term “Environmental
Law” includes the following (including their implementing regulations and any state analogs): CERCLA, the Solid Waste Disposal
Act, as amended by the Resource Conservation and Recovery Act of 1976, as amended by the Hazardous and Solid Waste Amendments of
1984, 42 U.S.C. §§ 6901 et seq., the Federal Water Pollution Control Act of 1972, as amended by the Clean Water Act of
1977, 33 U.S.C. §§ 1251 et seq., the Toxic Substances Control Act of 1976, as amended, 15 U.S.C. §§ 2601 et
seq., the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. §§ 11001 et seq., the Clean Air Act of
1966, as amended by the Clean Air Act Amendments of 1990, 42 U.S.C. §§ 7401 et seq., the Occupational Safety and Health
Act of 1970, as amended, 29 U.S.C. §§ 651 et seq., the Federal Insecticide, Fungicide and Rodenticide Act, 7 U.S.C. §
136 et seq. and the Hazardous Materials Transportation Act, 49 U.S.C. § 1801 et seq.

 

“Environmental
Notice” means any written directive, notice of violation or infraction, or notice respecting any Environmental Claim
relating to actual or alleged non-compliance with any Environmental Law or any term or condition of any Environmental Permit.

 

“Environmental
Permit” means any Permit, letter, clearance, consent, waiver, closure, exemption, decision or other action required
under or issued, granted, given, authorized by or made pursuant to Environmental Law.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder.

 

“ERISA Affiliate” means
any entity (whether or not incorporated) that would be treated together with any Seller or any Affiliates of any Seller as a “single
employer” within the meaning of Section 414 of the Code.

 

    3

     

    

 

“Excluded
Assets” has the meaning set forth in Section 2.02.

 

“Excluded
Contracts” has the meaning set forth in Section 2.02(a).

 

“Excluded
Liabilities” has the meaning set forth in Section 2.03.

 

“Extension” has
the meaning set forth in Section 3.02.

 

“Extension
Notice” has the meaning set forth in Section 3.02.

 

“GAAP” means
United States generally accepted accounting principles in effect from time to time.

 

“Governmental
Authority” means any (a) government, (b) governmental or quasi-governmental authority of any nature (including any
governmental agency, branch, department, official or entity and any court or other tribunal) or (c) body exercising, or entitled
to exercise, any administrative, executive, judicial, legislative, police, regulatory or Taxing Authority or power of any nature,
in the case of any of clause (a) through (c), whether federal, state, local, municipal, foreign, supranational or of any other
jurisdiction.

 

“Governmental
Order” means any order, agreement, conciliation, writ, judgment, injunction, decree, stipulation, determination
or award entered by or with any Governmental Authority.

 

“Hazardous
Materials” means any (a) material, substance, chemical, waste, product, derivative, compound, mixture, solid, liquid,
mineral or gas, in each case, whether naturally occurring or manmade, that is hazardous, acutely hazardous, toxic, or words of
similar import or regulatory effect under Environmental Laws or any of the foregoing to which Liability or standards of conduct
may be imposed, or which requires or may require investigation under any applicable Environmental Laws, and (b) petroleum or petroleum-derived
products, radon, radioactive materials or wastes, asbestos in any form, lead or lead-containing materials, urea formaldehyde foam
insulation, microbial matter, biological toxins, mycotoxins, mold and mold spores and polychlorinated biphenyls.

 

“Indebtedness”
means, at a particular time, without duplication, with respect to a Person (a) any indebtedness for borrowed money or issued in
substitution or exchange for indebtedness for borrowed money, (b) any indebtedness evidenced by any note, bond, debenture or other
debt security, (c) any indebtedness for the deferred purchase price of property or services with respect to which such Person is
liable, contingently or otherwise, as obligor or otherwise, (d) any commitment by which such Person assures a creditor against
loss (including contingent reimbursement obligations with respect to letters of credit), (e) any indebtedness guaranteed in
any manner by such Person (including guaranties in the form of an agreement to repurchase or reimburse), (f) any obligations under
capitalized leases with respect to which such Person is liable, contingently or otherwise, as obligor, guarantor or otherwise,
or with respect to which obligations a Person assures a creditor against loss, (g) any indebtedness secured by a Lien on such Person’s
assets, (h) accrued interest to and including the Closing Date in respect of any of the obligations described in the foregoing
clauses (a) through (h) of this definition and all premiums, penalties, charges, fees, expenses and other amounts that are or would
be due (including with respect to early termination) in connection with the payment and satisfaction in full of such obligations,
(i) bank overdrafts and (j) any other debt-like liabilities of such Person that were not incurred in the ordinary course of business
(including as may result from the Transactions).

 

    4

     

    

 

“Intellectual
Property” means all intellectual property and industrial property rights and assets, and all rights, interests and
protections that are associated with, similar to, or required for the exercise of, any of the foregoing, however arising, pursuant
to the Laws of any jurisdiction throughout the world, whether registered or unregistered, including any and all: (a) trademarks,
service marks, trade names, brand names, logos, trade dress, design rights and other similar designations of source, sponsorship,
association or origin, together with the goodwill connected with the use of and symbolized by, and all registrations, applications
and renewals for, any of the foregoing, (b) internet domain names, whether or not trademarks, registered in any top-level domain
by any authorized private registrar or Governmental Authority, web addresses, web pages, websites and related content, accounts
with Twitter, Facebook and other social media companies and the content found thereon and related thereto, and URLs, (c) works
of authorship, expressions, designs and design registrations, whether or not copyrightable, including copyrights, author, performer,
moral and neighboring rights, and all registrations, applications for registration and renewals of such copyrights, (d) inventions,
discoveries, trade secrets, business and technical information and know-how, algorithms, databases, data collections and other
confidential and proprietary information and all rights therein, (e) formulas, formulations, compilations, recipes, summaries
and reports relating to the composition or manufacture of finished products sold by the Business or relating to any planned or
prospective products proposed to be sold by the Business or at any time requested by any current or prospective customers of Seller
(including, in each case, relating to any unique raw materials comprising such products), (f) patents (including all reissues,
divisionals, provisionals, continuations and continuations-in-part, re-examinations, renewals, substitutions and extensions thereof),
patent applications, and other patent rights and any other Governmental Authority-issued indicia of invention ownership (including
inventor’s certificates, petty patents and patent utility models), (g) software and firmware, UPC codes, including data files,
source code, object code, application programming interfaces, architecture, files, records, schematics, computerized databases
and other related specifications and documentation, (h) royalties, fees, income, payments and other proceeds now or hereafter due
or payable with respect to any and all of the foregoing and (i) all rights to any Actions of any nature available to or being pursued
by any Seller to the extent related to the foregoing, whether accruing before, on or after the date hereof, including all rights
to and claims for damages, restitution and injunctive relief for infringement, dilution, misappropriation, violation, misuse, breach
or default, with the right but no obligation to sue for such legal and equitable relief, and to collect, or otherwise recover,
any such damages.

 

“Intellectual
Property Agreements” means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements,
covenants not to sue, permissions, restrictive covenants and other Contracts (including any right to receive or obligation to pay
royalties or any other consideration), whether written or oral, relating to any Intellectual Property that is used in or necessary
for the conduct of the Business as currently conducted to which Seller is a party, beneficiary or otherwise bound.

 

“Intellectual
Property Assets” means all Intellectual Property that is owned or purported to be owned by Seller and used in or
necessary for the conduct of the Business as currently conducted or proposed to be conducted, including pursuant to Seller’s
software development roadmap.

 

“Intellectual
Property Assignments” has the meaning set forth in Section 3.02(a)(iii).

 

“Intellectual
Property Registrations” means all Intellectual Property Assets that are subject to any issuance, registration, application
or other filing by, to or with any Governmental Authority or authorized private registrar in any jurisdiction, including registered
trademarks, domain names and copyrights, issued and reissued patents and pending applications for any of the foregoing.

 

“IRS”
means the U.S. Internal Revenue Service.

 

“ITAR”
has the meaning set forth in the definition of Customs and International Trade Laws.

 

“Knowledge
of Seller” or “Seller’s Knowledge” or any other similar knowledge qualification, means, with
respect to Seller, the actual knowledge of Seller’s officers and directors and all facts of which any such Person or Persons,
after diligent inquiry, should be aware.

 

    5

     

    

 

“Law”
means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

 

“Liabilities” means
debts, costs, liabilities, Taxes, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown,
liquidated or unliquidated, secured or unsecured, undetermined or determinable, absolute or contingent, accrued or unaccrued, matured
or unmatured or otherwise.

 

“Lien”
means any security interest, pledge, license, bailment (in the nature of a pledge or for purposes of security), mortgage, deed
of trust, option, warrant, purchase right, commitment, right of first refusal, grant of a power to confess judgment, conditional
sale and title retention agreement (including any lease in the nature thereof), charge, third-party claim, demand, equity, security
title, lien, encumbrance or other similar arrangement or interest in real or personal property.

 

“Material
Adverse Effect” means any event, occurrence, fact, condition or change that is, or could reasonably be expected
to become, individually or in the aggregate, materially adverse to the (a) business, results of operations, prospects, condition
(financial or otherwise) or assets of the Business, (b) value of the Purchased Assets, or (c) ability of Seller to consummate the
Transactions.

 

“OFAC”
means the Office of Foreign Assets Control of the U.S. Department of the Treasury.

 

“Organizational
Documents” means, as applicable to any Person, the charter, code of regulations, articles of incorporation, by-laws,
certificate of formation, certificate of organization, operating agreement, certificate of partnership, limited liability company
agreement, operating agreement, partnership agreement, certificate of limited partnership, limited partnership agreement or other
constitutive documents of such Person.

 

“Party”
and “Parties” each has the meaning set forth in the preamble.

 

“Permits”
means all licenses, permits, franchises, approvals, authorizations, qualifications, clearances, registrations, notifications, exemptions,
certificates of need, accreditations, certifications, participation agreements, consents or orders of, or filings with, any Governmental
Authority or any other Person necessary for Seller to carry on the Business.

 

“Periodic
Taxes” has the meaning set forth in Section 8.09(d).

 

“Person” means
an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization,
trust, association or other entity.

 

“Purchase
Price” means 1,745,406,000 shares of Common Stock of the Buyer plus 3,499,799,467.37149 iRide Tokens.

 

“Purchased
Assets” has the meaning set forth in Section 2.01.

 

“Related Party”
means any director, officer, controlling Person, employee or consultant of Seller, each trust for the benefit of any of the foregoing,
and each Affiliate of any of the foregoing (other than Seller).

 

“Release” means
any actual or threatened release, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching,
dumping, abandonment, disposing or allowing to escape or migrate into or through the environment (including ambient air (indoor
or outdoor), surface water, groundwater, land surface or subsurface strata or within any building, structure, facility or fixture).

 

    6

     

    

 

“Representative” means,
with respect to any Person, any and all directors, partners, managers, officers, employees, controlling Persons, consultants, independent
contractors, financial advisors, counsel, accountants and other agents of such Person.

 

“Restrictive
Covenant Period” has the meaning set forth in Section 8.04.

 

“Retained
Tax” means any Liability for: (a) Taxes of Seller (or any equity holder or Affiliate of Seller), including, for the avoidance
of doubt, Taxes that arise out of the consummation of the Transactions (including Transfer Taxes); and (b) Taxes relating to the
Business, or the Purchased Assets for any Pre-Closing Tax Period.

 

“Seller” has
the meaning set forth in the preamble.

 

“Seller Securities”
means all of the outstanding equity securities of Seller.

 

“State Department”
means the U.S. Department of State.

 

“Systems”
means, collectively, the computer software, computer hardware (whether general or special purpose), telecommunications capabilities
(including all voice, data and video networks) and other similar or related items of automated, computerized or software systems
and any other networks or systems and related services that are used by or relied on by Seller in the conduct of the Business.

 

“Tangible
Personal Property” has the meaning set forth in Section 2.01(e).

 

“Tax”
and “Taxes” mean any and all (a) taxes, charges, fees, levies or other similar assessments or Liabilities
of any kind imposed by (or otherwise payable to) any Governmental Authority (including income, receipts, ad valorem, value added,
excise, real or personal property, sales, occupation, service, stamp, transfer, registration, natural resources, severance, premium,
windfall or excess profits, environmental, customs duties, use, licensing, escheat, unclaimed property (or other escheat), withholding,
employment, social security, unemployment, disability, payroll, share, capital, surplus, alternative, minimum, add-on minimum,
estimated, franchise or any other taxes, charges, fees, levies or other similar assessments or Liabilities of any kind whatsoever
and denominated by any name whatsoever), in each case, whether computed on a separate, consolidated, unitary or combined basis
or in any other manner, and including any interest, fines, penalties, assessments, deficiencies or additions thereto, (b) Liability
for amounts described in clause (a) imposed as a result of being a member of an Affiliated Group and (c) Liability for amounts
described in clause (a) or (b) of any Person payable as a transferee or successor, by Contract or pursuant to any Law or otherwise.

 

“Tax Return”
means any applicable return, estimate, declaration, report, claim for refund, information return or statement or other document
(including any amendment thereof and any related or supporting schedules, statements or information) with respect to any Tax filed
(or required to be filed) with the IRS or any other Governmental Authority or Taxing Authority or in connection with the determination,
assessment or collection of any Tax of any party or the administration of any Laws relating to any Tax.

 

“Tax Sharing
Agreement” means any Contract (whether written or oral), a principal purpose of which is the sharing, allocation or indemnification
of Taxes.

 

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“Taxing Authority”
means any Governmental Authority having or purporting to have jurisdiction with respect to any Tax.

 

“Transactions”
means the transactions contemplated by this Agreement and the other Transaction Documents.

 

“Transaction
Documents” means this Agreement and the agreements, documents and instruments contemplated hereby.

 

“Transfer
Taxes” has the meaning set forth in Section 7.07.

 

“Treasury
Regulations” means the final, proposed and temporary regulations under the Code promulgated by the United States Treasury
Department.

 

“WARN Act” means
the federal Worker Adjustment and Retraining Notification Act of 1988, and similar state, local and foreign Laws related to plant
closings, relocations, mass layoffs and employment losses.

 

ARTICLE
II

 

PURCHASE
AND SALE

 

Section 2.01 Purchase
and Sale of Assets. Subject to the terms and conditions set forth herein, at the Closing, Seller shall sell, assign, transfer,
convey and deliver to Buyer, and Buyer shall purchase from Seller, free and clear of any Liens, all of Seller’s right, title
and interest in, to and under all of the assets, properties and rights of every kind and nature, whether real, personal or mixed,
tangible or intangible (including goodwill), wherever located and whether now existing or hereafter acquired (other than the Excluded
Assets), which relate to, or are used or held for use in connection with, the Business (collectively, the “Purchased Assets”),
including the following:

 

(a) All of the assets
of the Business including but not limited to the Purchased Assets set forth on Section 2.01 of the Disclosure Schedule;

 

(b) all processes
related to running any and all operations of the Seller;

 

(c) all Contracts,
including Intellectual Property Agreements, (the “Assigned Contracts”);

 

(d) all Intellectual
Property Assets;

 

(e) all furniture,
fixtures, equipment, machinery, tools, vehicles, office equipment, supplies, computers, telephones, keys, storage tanks, water
filtration or purification systems and other tangible personal property (the “Tangible Personal Property”);

 

(f) all Leased Real
Property;

 

(g) all rights to
any Actions of any nature available to or being pursued by Seller to the extent related to the Business, or the Purchased Assets,
whether arising by way of counterclaim or otherwise;

 

    8

     

    

 

(h) all prepaid
expenses, credits, advance payments, claims, security, refunds, rights of recovery, rights of set-off, rights of recoupment, deposits,
charges, sums and fees (including any such item relating to Taxes);

 

(i) all of Seller’s
rights under warranties, indemnities and all similar rights against third parties to the extent related to any Purchased Assets;

 

(j) all insurance
benefits, including rights and proceeds, arising from or relating to the Business, or the Purchased Assets;

 

(k) originals, or
where not available, copies, of all research and files relating to the Intellectual Property Assets or the Intellectual Property
Agreements, books and records, including books of account, ledgers and general, financial and accounting records, machinery and
equipment maintenance files, customer lists, customer purchasing histories, price lists, distribution lists, supplier lists, production
data, quality control records and procedures, customer complaints and inquiry files, research and development files, passwords
(including all IT-related passwords and access), records and data (including all correspondence with any Governmental Authority),
sales material and records (including pricing history, total sales, terms and conditions of sale, sales and pricing policies and
practices), strategic plans, internal financial statements and marketing and promotional surveys, except the communications related
to the negotiation and consummation of the Transactions (collectively, “Books and Records”);

 

(l) copies of Tax
Returns, Tax and accounting books and records (and related work papers and correspondence from accountants) related to the Purchased
Assets;

 

(m) all claims and
rights in favor of Seller or any of its Affiliates under any non-disclosure or confidentiality, non-compete or non-solicitation,
employment, assignment of inventions or similar agreement; and

 

(n) all goodwill
and the going concern value of the Business.

 

Section 2.02 Excluded
Assets. Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded
Assets”):

 

(a) any Contract
not included in Section 2.01 of the Disclosure Schedule (the “Excluded Contracts”);

 

(b) the corporate
seals, organizational documents, minute books, stock books, books of account or other records having to do with the corporate organization
of Seller;

 

(c) all benefit
plans and all other employee benefit plans of Seller and any assets held pursuant to, or set aside to fund, the obligations of
Seller, or any Affiliate of Seller, under any employee benefit plans;

 

(d) all outstanding
accounts receivable of the Seller which accrued prior to the Closing Date, and

 

(f) the rights which
accrue or will accrue to Seller under the Transaction Documents.

 

Section 2.03 Excluded
Liabilities. Buyer shall not assume and shall not be responsible to pay, perform or discharge any Liabilities of Seller or
any of its Affiliates of any kind or nature whatsoever (the “Excluded Liabilities”). Seller shall, and shall
cause each of their respective Affiliates to, pay and satisfy in due course all Excluded Liabilities that they are obligated to
pay and satisfy.

 

    9

     

    

 

Section 2.04 Withholding.
Buyer shall be entitled to deduct and withhold from any consideration otherwise payable to any Person under this Agreement all
amounts that Buyer may be required to deduct and withhold under any provision of applicable Law. All such deducted and withheld
amounts shall be treated as paid to such Person in respect of which Buyer made such deduction and withholding.

 

Section 2.05 Third-Party
Consents. To the extent that Seller’s rights under any Contract or Permit constituting a Purchased Asset, or any other
Purchased Asset, may not be assigned to Buyer without the consent of another Person which has not been obtained, this Agreement
shall not constitute an agreement to assign the same if an attempted assignment would constitute a breach thereof or be unlawful,
and Seller, at their sole cost and expense, shall use their best efforts to obtain any such required consent(s) as promptly as
possible. If any such consent shall not be obtained or if any attempted assignment would be ineffective or would impair Buyer’s
rights under the Purchased Asset in question so that Buyer would not in effect acquire the benefit of all such rights, Seller,
to the maximum extent permitted by law and the Purchased Asset, shall act after the Closing as Buyer’s agent in order to
obtain for Buyer the benefits thereunder and shall cooperate, to the maximum extent permitted by Law and the Purchased Asset, with
Buyer in any other arrangement designed to provide such benefits to Buyer.

 

ARTICLE
III

CLOSING

 

Section 3.01 Closing.
The consummation of the Transactions (the “Closing”) shall take place remotely by electronic exchange of documents,
commencing at 9:00 a.m. Mountain Standard Time, on or before July 30, 2020 (unless such deadline is extended in accordance with Section
3.02 below) (the “Closing Deadline”), or at such other time, date or place as Seller and Buyer may
mutually agree upon in writing. The date on which the Closing is to occur is herein referred to as the “Closing Date.”

 

Section 3.02 Closing
Deliverables.

 

(a) At Closing,
Seller shall deliver to Buyer the following:

 

(i) certificates
of the an officer of the Seller certifying that attached thereto are true and complete copies of all resolutions adopted by the
boards of directors (or equivalent governing bodies) of the Seller authorizing the execution, delivery and performance of this
Agreement and the other Transaction Documents and the consummation of the Transactions, and that all such resolutions are in full
force and effect and are all the resolutions adopted in connection with the Transactions;

 

(ii) a noncompete
agreement from all former employees and contractors in a mutually agreeable format; and

 

(iii) resignations
of such officers and directors of the Seller as designated by the Buyer.

 

(iv) Appointments
of such officers and directors of the Seller as designated by the Buyer.

 

(v) Evidence that
all warrants and any other instruments convertible into shares of common stock of the Seller have been cancelled and terminated.

 

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(vi) Evidence
that the holders of 174,540,600 shares of common stock of the Seller have been cancelled.

 

(vii) such other
customary instruments of transfer, assumption, filings or documents, in form and substance satisfactory to Buyer, as may be required
to give effect to the Transactions.

 

(b) At the Closing
Buyer shall deliver to Seller the following:

 

(i) the Purchase
Price; and

 

(ii) signed copies
by an officer of the Buyer of all Transaction Documents.

 

ARTICLE
IV

 

CONDITIONS
TO CLOSING

 

Section 4.01 Conditions
to Obligations of Seller. The obligation of Seller to proceed with the Closing and sell the Purchased Assets to Buyer is subject
to the satisfaction at or prior to the Closing of the following conditions (any or all of which may be waived by Seller):

 

(a) The representations
and warranties of Buyer as set forth in Article VI below shall be true and accurate in all material respects on
and as of the Closing Date, except for changes contemplated by this Agreement and except for those representations and warranties
that address matters only as of a particular date (which shall remain true and correct as of such particular date), with the same
force and effect as if they had been made at the Closing Date.

 

(b) Buyer shall
have performed and complied in all material respects with all of the covenants contained in this Agreement required to be performed
by Buyer at or prior to the Closing.

 

(c) Buyer shall
have delivered to Seller the items referenced in Section 3.02(b) above.

 

Section 4.02 Conditions
to the Obligations of Buyer. The obligation of Buyer to proceed with the Closing is subject to the satisfaction at or prior
to the Closing of the following conditions, any or all of which may be waived by Buyer:

 

(a) The representations
and warranties of Seller as set forth in Article V below shall be true and accurate in all material respects on
and as of the Closing Date, except for changes contemplated by this Agreement and except for those representations and warranties
that address matters only as of a particular date (which shall remain true and correct as of such particular date), with the same
force and effect as if they had been made at the Closing Date, and Buyer shall have received a certificate to such effect executed
by Seller.

 

(b) Seller shall
have performed and complied in all material respects with all of the covenants contained in this Agreement required to be performed
by Seller at or prior to the Closing.

 

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(c) Seller shall
have delivered to Buyer the items referenced in Section 3.02(a) above.

 

(d) There shall
have been no material adverse changes in the Business or the Purchased Assets and no event constituting a Material Adverse Effect.

 

(e) Seller shall
provide the resignations of such officers and directors of the Buyer as designated by the Buyer. Seller shall appoint such executive
officers and directors as designated by the Buyer.

 

(i) Seller shall
have no instruments which are convertible into shares of Common Stock of the Seller (i.e. convertible notes, warrants, etc. all
of which will be terminated at Closing) and provide Buyer with evidence that the holders of 174,540,600 shares of common stock
of the Seller have been cancelled.

 

(f) All actions
to be taken by Seller in connection with the consummation of the transactions contemplated hereby and all documents and instruments
required to effect the transactions contemplated hereby will be reasonably satisfactory in form and substance to Buyer.

 

(g) Buyer being
satisfied with its due diligence review of the Seller,.

 

(h) Seller shall
be debt free. In furtherance thereof, all outstanding liabilities of Seller shall be paid by Seller at or prior to the Closing.

 

ARTICLE
V

 

REPRESENTATIONS
AND WARRANTIES OF BUYER

 

Buyer represents and
warrants to Seller that the statements contained in this Article V are true and correct as of the Agreement Date
and shall be true and correct as of the Closing Date.

 

Section 5.01 Organization
and Qualification of Buyer. Buyer is duly organized, validly existing and in good standing under the Laws of its jurisdiction
of formation, and Buyer has full corporate power and authority to own, operate or lease the properties and assets now respectively
owned, operated or leased by it. Buyer is duly licensed or qualified to do business and are in good standing in each jurisdiction.

 

Section 5.02 Authority
of Buyer. Buyer has full corporate power and authority to enter into this Agreement and the other Transaction Documents to
which any Buyer is a party, to carry out their respective obligations hereunder and thereunder and to consummate the Transactions.
The execution and delivery by Buyer of this Agreement and any other Transaction Document to which any Buyer is a party, the performance
by Buyer of its obligations hereunder and thereunder and the consummation by Buyer of the Transactions have been duly authorized
by all requisite corporate authority, and no other corporate or proceeding on the part of any Buyer is necessary to authorize this
Agreement or the other Transaction Document and instruments. This Agreement has been duly executed and delivered by Buyer and (assuming
due authorization, execution and delivery by each other Party hereto) constitutes a legal, valid and binding obligation of Buyer
enforceable against Buyer in accordance with its terms. When each other Transaction Document to which any Buyer is or will be a
party has been duly executed and delivered by such Buyer (assuming due authorization, execution and delivery by each other party
thereto), such Transaction Document will constitute a legal and binding obligation of the Buyer enforceable against them in accordance
with its terms.

 

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Section 5.03 No
Conflicts; Consents. The execution, delivery and performance by Buyer of this Agreement and the other Transaction Documents
to which they are a party, and the consummation of the Transactions, do not and will not: (a) conflict with or result in a violation
or breach of, or default under, any provision of any Organizational Documents of Buyer, (b) conflict with or result in a violation
or breach of any provision of any Law or Governmental Order applicable to the Buyer, (c) require the consent, notice or other action
by any Person under, conflict with, result in a violation or breach of, constitute a default or an event that, with or without
notice or lapse of time or both, would constitute a default under, result in the acceleration of or create in any party the right
to accelerate, terminate, modify or cancel any Contract or Permit to which the Buyer is a party or by which the Buyer is bound)
or (d) result in the creation or imposition of any Lien. No consent, approval, Permit, Governmental Order, declaration or filing
with, or notice to, any Governmental Authority is required by or with respect to the Buyer in connection with the execution and
delivery of this Agreement or any of the other Transaction Documents and the consummation of the Transactions.

 

Section 5.04 SEC
Documents; Financial Statements. As of the date hereof, the Buyer is delinquent in its SEC Filings and has not filed any
SEC Reports since the Form 10 K For the period June 30, 2018. The Company undertakes that it will as soon as is practically possible
file all reports, schedules, forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting
requirements of the 1934 Act (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial
statements and schedules thereto and documents incorporated by reference therein, and amendments thereto, being hereinafter referred
to as the “SEC Documents”) through June 30, 2020. The Buyer has delivered to the Seller or its representatives, or
they have had access through EDGAR to, true and complete copies of the SEC Documents. As of their respective filing dates, the
SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules and regulations of the SEC
promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC
or the time they were amended, if amended, contained any untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading. As of their respective dates, the financial statements of the Buyer included in the SEC Documents complied
as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC
with respect thereto. Such financial statements have been prepared in accordance with generally accepted accounting principles,
by a firm that is a member of the Public Companies Accounting Oversight Board (“PCAOB”) consistently applied, during
the periods involved (except (i) as may be otherwise indicated in such financial statements or the notes thereto, or (ii) in the
case of unaudited interim statements, to the extent they may exclude footnotes or may be condensed or summary statements) and fairly
present in all material respects the financial position of the Buyer as of the dates thereof and the results of its operations
and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments).
No other written information provided by or on behalf of the Company to the Investor which is not included in the SEC Documents,
contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein,
in the light of the circumstance under which they are or were made, not misleading. Neither the Buyer nor any of its subsidiaries
or any of their officers, directors, employees or agents have provided the Seller with any material, nonpublic information which
was not publicly disclosed prior to the date hereof and any material, nonpublic information provided to the Seller by the Buyer
or its subsidiaries or any of their officers, directors, employees or agents prior to the Closing Date shall be publicly disclosed
by the Buyer prior to such Closing Date.

 

Section 5.05 Real
Property. Buyer does not own or have any options to acquire any real property.

 

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Section 5.06 Intellectual
Property.

 

(a) All required
filings and fees related to the Intellectual Property Registrations of the Buyer have been timely filed with and paid to the relevant
Governmental Authorities and authorized registrars, and all such Intellectual Property Registrations are otherwise in good standing.
Buyer has provided Seller with true and complete copies of file histories, documents, certificates, office actions, correspondence
and other materials related to all Intellectual Property Registrations.

 

(b) Buyer is the
sole and exclusive legal and beneficial, and with respect to such Intellectual Property Registrations, record, owner of all right,
title and interest in and to the Intellectual Property Assets, and has the valid right to use all other Intellectual Property,
in each case, free and clear of Liens. Without limiting the generality of the foregoing, Buyer owns and possesses, the entire right,
title and interest in and to all Intellectual Property created or developed by, for or under the direction or supervision of the
Buyer or to the actual or demonstratively anticipated research or development conducted by the Buyer, and all Persons who have
participated in the creation or development of any such Intellectual Property have executed and delivered to the Buyer a valid
and enforceable agreement (i) providing for the non-disclosure by such Person of any confidential information of Buyer, and (ii)
providing for the present assignment by such Person to the Buyer of any Intellectual Property arising out of such Person’s
employment by, engagement by or contract with the Buyer. Buyer has provided Seller with true and complete copies of all such agreements.

 

Section 5.07 Legal
Proceedings; Governmental Orders.

 

(a) There are no
Actions pending or threatened against or by the Buyer.

 

(b) There are no
outstanding Governmental Orders and no unsatisfied judgments, penalties or awards against, relating to or affecting the Buyer.
Buyer is in compliance with the terms of each Governmental Order applicable to it. No event has occurred or circumstances exist
that may constitute or result in (with or without notice or lapse of time) a violation of any such Governmental Order.

 

Section 5.08 Environmental
Matters. The operations of Buyer have been in compliance with all Environmental Laws. Buyer has not received from any Person,
any: (i) Environmental Notice or Environmental Claim or (ii) written request for information pursuant to Environmental Law, which,
in each case, either remains pending or unresolved, or is the source of ongoing obligations or requirements as of the Closing Date.

 

Section 5.09 Taxes.

 

(a) Tax Returns.
All Tax Returns required to be filed by Buyer have been timely filed. Such Tax Returns are true, complete and correct in all respects.
All Taxes due and owing by Buyer have been timely paid. All Taxes of Buyer not yet due and payable have been fully accrued on the
books of such Buyer.

 

(b) Tax Classification;
Tax Sharing Agreements. Since the January 1, 2019, Buyer has not (i) made any Tax election, (ii) changed or revoked any Tax
election, (iii) surrendered the right to any Tax refund, (iv) changed any accounting period for Tax purposes, (v) changed any method
of accounting for Tax purposes, (vi) settled or compromised any Action relating to Taxes or incurred any Taxes outside the ordinary
course of business, (vii) filed a Tax Return in a manner inconsistent with past practice or filed an amended Tax Return or (viii)
entered into any agreement with any Taxing Authority (including a “closing agreement” within the meaning of Section
7121 of the Code). Buyer has never been a member of an Affiliated Group. Buyer is not liable for Taxes of any other Person as a
result of successor liability, transferee liability, joint and/or several liability (including pursuant to Treasury Regulation
Section 1.1502-6 or any similar provision of state, local or non-U.S. Laws), contractual liability, or otherwise. Buyer is not,
and Buyer has never been, a party to, or bound by, a Tax Sharing Agreement.

 

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(c) Withholding.
Buyer has timely and properly withheld all required amounts in connection with amounts paid or owing to any employees, agents,
contractors, customers, nonresidents, members, shareholders, lenders and other Persons and have complied with all information reporting
and backup withholding provisions of applicable Law. Buyer has timely remitted all such Taxes to the proper Taxing Authority in
accordance with all applicable Laws. No extensions or waivers of statutes of limitations have been given or requested with respect
to the assessment, collection or imposition of any Taxes of Buyer. Buyer is not currently a beneficiary of any extension of time
within which to file any Tax Return.

 

(d) Assessments;
Claims. No Taxing Authority has made a claim that Buyer is or may be obligated to pay Taxes or file Tax Returns in a jurisdiction
in which Buyer is not filing Tax Returns or paying Taxes. All deficiencies asserted, or assessments made, against Buyer as a result
of any examinations by any Taxing Authority have been fully paid. There are no outstanding assessments, claims or deficiencies
for any Taxes relating to the Buyer that have been proposed, asserted or assessed by any Taxing Authority. Buyer is not a party
to any Action by any Taxing Authority. There are no pending or threatened Actions by any Taxing Authority with respect to any Tax
Return or Taxes of Buyer and no Taxing Authority has given notice of the commencement of (or its intent to commence) any Action
with respect to any such Taxes. Buyer has not requested a private letter ruling, a request for administrative relief, a request
for technical advice, a request for a change of any method of accounting, or any other request pending with any Taxing Authority
that relates to the Taxes or Tax Returns of Buyer. Buyer is not subject to any Tax holiday, Tax incentive or Tax grant in any jurisdiction
with respect to Taxes. There are no Liens for Taxes, nor is any Taxing Authority in the process of imposing any Liens for Taxes
(other than for statutory Liens for current Taxes not yet due and payable). Buyer is not, or never been, a party to, or a promoter
of, a “reportable transaction” within the meaning of Section 6707A(c)(1) of the Code and Treasury Regulations Section
1.6011 4(b).

 

(e) Section 280G
and Section 409A Compliance. Buyer is not party to any Contract, agreement, plan, or arrangement covering any current or former
employee or contractor that, individually or collectively, could give rise to (or has already resulted in) a payment or provision
of any other benefit (including accelerated vesting) that could not be deductible by reason of Section 280G of the Code or subject
to any excise Tax under Section 4999 of the Code. Buyer has no obligation to pay, gross-up, or otherwise indemnify any Person for
any Taxes (or potential Taxes), including those imposed under Sections 409A or 4999 of the Code.

 

Section 5.10 Brokers.
No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with
the Transactions based upon arrangements made by or on behalf of Buyer.

 

Section 5.11 International
Trade Matters.

 

(a) Buyer is in
compliance with all applicable Customs and International Trade Laws. At no time during the last three (3) years has Buyer committed
any violation of the Customs and International Trade Laws, and there are no unresolved questions or claims concerning any liability
of Buyer with respect to any such Laws. Without limiting the foregoing, during the past three (3) years, Buyer has not submitted
any disclosure of an actual or potential violation, or received any notice that it is subject to any civil or criminal investigation,
audit, or any other inquiry from a Governmental Authority involving or otherwise relating to any alleged or actual violation, of
the Customs and International Trade Laws.

 

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(b) Neither Buyer,
nor any employees, officers, managers or directors of Buyer nor any Representatives acting for or on behalf of Buyer has (i) been
or is designated on, or is owned or controlled by any party that has been or is designated on, any list of prohibited or restricted
parties maintained by any Governmental Authority, including the OFAC Specially Designated Nationals and Blocked Persons List, the
Commerce Denied Persons List, the Commerce Entity List, and the State Department Debarred List, (ii) participated in any transaction
involving such designated Person or entity, or any country subject to an embargo or substantial restrictions on trade under the
U.S. economic sanctions administered by OFAC, (iii) exported (including deemed exportation) or re-exported, directly or indirectly,
any commodity, software, technology or services in violation of any applicable U.S. export control or economic sanctions Laws,
regulations, or Governmental Orders administered by OFAC, Commerce, or the State Department, including the ITAR and the Export
Administration Regulations nor (iv) participated in any export, re-export or transaction prohibited by U.S. export control and
economic sanctions Laws, including any prohibited conduct in support of international terrorism or nuclear, chemical, or biological
weapons proliferation.

 

(c) Buyer is in
compliance, and during all periods for which any applicable statute of limitations has not expired, has complied with the applicable
provisions of the U.S. Foreign Corrupt Practices Act, the U.S. Bank Secrecy Act, the USA PATRIOT Act of 2001 and the Foreign Bank
Account Reporting Act, in each case, as amended, and other similar Laws of any other applicable jurisdiction. Without limiting
the foregoing, neither Buyer, nor any of its respective directors, officers, managers or employees, nor any Representatives acting
for or on behalf of Buyer has (i) made any contribution, bribe, gift, rebate, payoff, influence payment, kickback or provided or
promised anything of value to any Person while knowing that all or a portion of that contribution, bribe, gift, rebate, payoff,
influence payment, kickback or thing of value would or will be offered, given, or promised, directly or indirectly, to any Person,
private or public, regardless of form, whether in money, property or services to (A) influence any act or decision of such Person,
(B) induce such Person to do or omit to do any act in violation of their lawful duty or to use that Person’s influence to
affect any act or decision, (C) obtain favorable treatment or any improper advantage in securing or retaining business for Buyer,
(D) pay for favorable treatment for business secured by Buyer or (E) obtain special concessions or for special concessions already
obtained, for or in respect of Buyer, (ii) accepted or received any unlawful contributions, payments, expenditures or gifts or
(iii) established or maintained any fund or asset that has not been recorded in Buyer’s books and records.

 

Section 5.12 Affiliate
Transactions. No Related Party (a) has any direct or indirect interest in any asset used in or otherwise relating to Buyer,
(b) is indebted to Buyer, (c) has entered into, or has had any direct or indirect financial interest in, any Contract, transaction
or business dealing involving Buyer, (d) is competing, directly or indirectly, with any Buyer, (e) is a member, manager, director,
officer or employee of, or consultant to, or owns, directly or indirectly, any interest in, any vendor, supplier or customer of
Buyer, or is in any way associated with or involved in the business of Buyer (except in his or her official capacity as a director,
officer or employee of Buyer, as the case may be), (f) has any interest in or has filed any application with respect to any Intellectual
Property, which arises out of or relates to Buyer, or (g) has any claim or right against Buyer (other than rights to receive compensation
for, or expense reimbursement in connection with, services performed as an employee or director). Buyer doesn’t share any
facilities or equipment with any Related Party, and Buyer hasn’t purchased or provided assets or services for any business
conducted by any Related Party. For the past five (5) years there has not been, and there is not currently, pending, or threatened,
any Liabilities asserted against any current or former Related Party with respect to which Buyer has an indemnification obligation.

 

Section 5.13 Capitalization.
As of the date hereof, the authorized capital stock of the Buyer consists of 5,000,000,000 shares of the Common Stock, par value 
$0.0001 per share, of which as of the date hereof 350,000 shares are issued and outstanding, and 200,000,000 shares of Series A
Preferred Stock, of which none of the shares of Series A Preferred Stock are issued and outstanding, and warrants to purchase 125,000,000
shares of Common Stock of the Seller (collectively, the “Warrants”). All of such outstanding shares have been, or upon
issuance will be, validly issued and are fully paid and nonassessable.

 

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Except as set forth above:

 

		i.	no
shares of the Seller’s capital stock are subject to preemptive rights or any other similar rights or any liens or encumbrances
suffered or permitted by the Seller;

 

	 	ii.	there are no outstanding debt securities;

 

	 	iii.	there are no outstanding shares of capital stock, options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of the Seller or any of its subsidiaries, or contracts, commitments, understandings or arrangements by which the Seller or any of its subsidiaries is or may become bound to issue additional shares of capital stock of the Seller or any of its subsidiaries or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of the Seller or any of its subsidiaries;

 

	 	iv.	there are no agreements or arrangements under which the Seller or any of its subsidiaries is obligated to register the sale of any of their securities under the 1933 Act;

 

	 	v.	there are no outstanding securities of the Seller or any of its subsidiaries which contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Seller or any of its subsidiaries is or may become bound to redeem a security of the Seller or any of its subsidiaries;

 

	 	vi.	there are no securities or instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the shares of Common Stock as described in this Agreement;

 

	 	vii.	the Seller does not have any stock appreciation rights or “phantom stock” plans or agreements or any similar plan or agreement; and

 

	 	viii.	there is no dispute as to the classification of any shares of the Sellers’s capital stock.

 

Section 5.14 Solvency.
No insolvency proceeding of any character, including bankruptcy, receivership, reorganization, composition or arrangement with
creditors, voluntary or involuntary, affecting, Buyer or any Affiliate of Buyer (other than in such Person’s capacity as
a creditor), or are, to Buyer’s Knowledge, being threatened against Buyer or any Affiliate of Buyer by any other Person,
and neither Buyer nor any Affiliate of Buyer has made any assignment for the benefit of creditors or taken any action in contemplation
of which that would constitute the Basis for the institution of such insolvency proceedings.

 

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Section 5.15 Product
Liability; Product Recalls. Buyer has no any Liability (and there is no Basis for any present or future Action against any
Buyer giving rise to any Liability) arising out of any injury to individuals or property as a result of the ownership, possession,
or use of any product manufactured, marketed, sold, leased, or delivered by Buyer. There is no, nor has there ever been any, Action
by any Governmental Authority or any other Person (including any distributor or wholesaler) pending or threatened against Buyer
for the recall (including any voluntary recalls), suspension, seizure or market-withdraw of or other similar corrective action
with respect to any products of Buyer, and (i) none of the co-manufacturers, assemblers or distributors which produce, receive,
assemble or distribute any products of Buyer is subject (or has been subject during the period of Buyer’s business relationship
with such Person) to any such Action with respect to any products of Buyer, and (ii) there is presently no reasonable basis for
any such Action with respect to any products of Buyer which would reasonably be expected to cause any Buyer to recall, withdraw
or suspend any of the products manufactured, assembled, sold, distributed, leased or delivered by Buyer from the market or to cease
further distribution or marketing of such products. No Governmental Authority has prohibited any product or process from being
marketed or used in the jurisdictions in which Buyer conduct business which is substantially similar to any product of Buyer or
to a process used for making, handling or distributing any such products.

 

Section 5.16 Product
Warranty. Each product manufactured, sold, leased, or delivered by Buyer has been in conformity with all applicable contractual
commitments and all express and implied warranties, and Buyer has no Liability (and there is no Basis for any present or future
Action against any Buyer giving rise to any Liability) for replacement or repair thereof or other damages in connection therewith.
No product manufactured, sold, leased, or delivered by Buyer is subject to any guaranty, warranty, or other indemnity beyond the
applicable standard terms and conditions of sale or lease.

 

Section 5.17 Performance
of Services. All services that have been performed on behalf of Buyer were performed properly and in conformity with the terms
and requirements of all applicable warranties and other Contracts and with all applicable Laws. Buyer will not incur or otherwise
become subject to any Liability arising directly or indirectly from any services performed for or by Buyer prior to the Closing
Date. There is no claim pending or threatened against Buyer relating to any services performed by Buyer, and there is no Basis
for the assertion of any such claim.

 

Section 5.18 Computer
and Technology Security. Buyer has taken all reasonable steps to safeguard the Systems, including the implementation of procedures
to ensure that such Systems are free from any disabling codes or instructions, timer, copy protection device, clock, counter or
other limiting design or routing and any “back door,” “time bomb,” “Trojan horse,” “worm,”
“drop dead device,” “virus,” or other software routines or hardware components that in each case permit
unauthorized access or the unauthorized disablement or unauthorized erasure of data or other software by a third-party, and to
date there have been no successful unauthorized intrusions or breaches of the security of the Systems.

 

Section 5.19 Data
Privacy. The Buyer has complied with and, as presently conducted and as presently proposed to be conducted, is in compliance
with, all Data Laws. Buyer has complied with, and are presently in compliance with, their respective policies applicable to data
privacy, data security or personal information. Buyer has not experienced any incident in which personal information or other data
was or may have been stolen or improperly accessed, and Buyer is not aware of any facts suggesting the likelihood of the foregoing,
including any breach of security or receipt of any notices or complaints from any Person regarding personal information or other
data.

 

Section 5.20 Disclosure.
Neither this Agreement nor any of the other Transaction Documents nor any exhibit or schedule hereto or thereto contains, with
respect to information therein provided by Buyer or their respective Representatives, any untrue statement of a material fact or
omits to state any material fact necessary, in light of the circumstances under which it was or will be made, in order to make
the statements herein or therein not misleading.

 

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ARTICLE
VI

 

REPRESENTATIONS
AND WARRANTIES OF SELLER

 

Except as set forth
in the disclosure schedules, which shall disclose exceptions to the representations and warranties organized according to the corresponding
sections of this agreement, Seller represents and warrants to Buyer that the statements contained in this Article VI are true and
correct as of the Agreement Date and as of the Closing Date.

 

Section 6.01  Organization
and Qualification of Seller. Seller is duly organized, validly existing and in good standing under the Laws of their its
respective jurisdictions of formation, and Seller has full corporate or limited liability company power and authority (as applicable)
to own, operate or lease the properties and assets now respectively owned, operated or leased by them and to carry on the Business
as currently conducted. Seller is duly licensed or qualified to do business and are in good standing in each jurisdiction in which
the ownership of the Purchased Assets or the operation of the Business as currently conducted makes such licensing or qualification
necessary. Seller does not own or have any interest in any equity securities of any other Person.

 

Section 6.02 Authority
of Seller. Seller has full corporate power and authority to enter into this Agreement and the other Transaction Documents
to which Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the Transactions. The execution
and delivery by Seller of this Agreement and any other Transaction Document to which Seller is a party, the performance by Seller
of its obligations hereunder and thereunder and the consummation by Seller of the Transactions and thereby have been duly authorized
by all requisite corporate action on the part of Seller. This Agreement has been duly executed and delivered by Seller, and (assuming
due authorization, execution and delivery by each other Party hereto) this Agreement constitutes a legal, valid and binding obligation
of Seller enforceable against Seller in accordance with its terms. When each other Transaction Document to which Seller is or will
be a party has been duly executed and delivered by Seller (assuming due authorization, execution and delivery by each other party
thereto), such Transaction Document will constitute a legal and binding obligation of Seller enforceable against it in accordance
with its terms.

 

Section 6.03 No
Conflicts; Consents. The execution, delivery and performance by Seller of this Agreement and the other Transaction Documents
to which it is a party, and the consummation of the Transactions, do not and will not: (a) conflict with or result in a violation
or breach of, or default under, any provision of the certificate of incorporation, bylaws or other Organizational Documents of
Seller, (b) conflict with or result in a violation or breach of any provision of any Law or Governmental Order applicable to Seller
or (c) require the consent, notice or other action by any Person under any Contract to which Seller is a party. No consent, approval,
Permit, Governmental Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect
to Seller in connection with the execution and delivery of this Agreement and the other Transaction Documents and the consummation
of the Transactions, except for such consents, approvals, Permits, Governmental Orders, declarations, filings or notices which,
in the aggregate, would not have a material adverse effect on Seller’s ability to consummate the Transactions.

 

Section 6.04  Brokers.
No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with
the Transactions based upon arrangements made by or on behalf of Seller.

 

Section 6.05 Legal
Proceedings. There are no Actions pending or, to Seller’s knowledge, threatened against or by Seller or any Affiliate
of Seller that challenge or seek to prevent, enjoin or otherwise delay the Transactions.

 

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Section 6.06 Contracts.

 

(a) The Purchased
Assets are not bound or affected by any Contracts to which Seller is a party or by which it is bound.

 

(b) Neither Seller
or, to Seller’s Knowledge, any other party thereto is in breach of or default under (or is alleged to be in breach of or
default under) or has provided or received any notice of any intention to terminate, any Contract. No event or circumstance has
occurred that, with notice or lapse of time or both, would constitute an event of default under any Contract or result in a termination
thereof or would cause or permit the acceleration or other changes of any right or obligation or the loss of any benefit thereunder.
Complete and correct copies of each Contract (including all modifications, amendments and supplements thereto and waivers thereunder)
have been made available to Buyer. There are no material disputes pending or threatened under any Contract included in the Purchased
Assets.

 

Section 6.07 Title
to Purchased Assets. Seller has good and valid title to, or a valid leasehold interest in, all of the Purchased Assets. All
such Purchased Assets (including leasehold interests) are free and clear of Liens.

 

Section 6.08 Condition
and Sufficiency of Assets. The Tangible Personal Property included in the Purchased Assets are structurally sound, are in good
operating condition and repair, and are adequate for the uses to which they are being put. The Purchased Assets are sufficient
for the continued conduct of the Business after the Closing in substantially the same manner as conducted prior to the Closing
and constitute all of the rights, property and assets necessary to conduct the Business as currently conducted. There are no planned
material overhauls, repairs, renovations or replacements to any Tangible Personal Property included in the Purchased Assets.

 

Section 6.09 Intellectual
Property.

 

(a) Section 6.09(a)
of the Disclosure Schedules lists all (i) Intellectual Property Registrations and (ii) Intellectual Property Assets, including
software, that are not registered but that are material to the operation of the Business. All required filings and fees related
to the Intellectual Property Registrations have been timely filed with and paid to the relevant Governmental Authorities and authorized
registrars, and all Intellectual Property Registrations are otherwise in good standing. Seller has provided Buyer with true and
complete copies of file histories, documents, certificates, office actions, correspondence and other materials related to all Intellectual
Property Registrations.

 

(b) Seller is
the sole and exclusive legal and beneficial, and with respect to the Intellectual Property Registrations, record, owner of all
right, title and interest in and to the Intellectual Property Assets, and has the valid right to use all other Intellectual Property
used in or necessary for the conduct of the Business, in each case, free and clear of Liens. Without limiting the generality of
the foregoing, Seller owns and possesses, the entire right, title and interest in and to all Intellectual Property created or developed
by, for or under the direction or supervision of any Seller or to the actual or demonstratively anticipated research or development
conducted by any Seller, and all Persons who have participated in the creation or development of any such Intellectual Property
have executed and delivered to the Seller a valid and enforceable agreement (i) providing for the non-disclosure by such Person
of any confidential information of Seller, and (ii) providing for the present assignment by such Person to the Seller of any Intellectual
Property arising out of such Person’s employment by, engagement by or contract with such Seller. Seller has provided Buyer
with true and complete copies of all such agreements.

 

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(c) The Intellectual
Property Assets and Intellectual Property licensed under the Intellectual Property Agreements are all of the Intellectual Property
necessary to operate the Business and are being sold hereunder (included in the definition of “Purchased Assets”).
The consummation of the Transactions will not result in the loss or impairment of or payment of any additional amounts with respect
to, nor require the consent of any other Person in respect of, Buyer’s right to own, use or hold for use any Intellectual
Property as owned, used or held for use in the conduct of the Business.

 

(d) Seller’s
rights in the Intellectual Property Assets are valid, subsisting and enforceable. Seller has taken all reasonable steps to maintain
the Intellectual Property Assets and to protect and preserve the confidentiality of all trade secrets included in the Intellectual
Property Assets, including requiring all Persons having access thereto to execute written non-disclosure agreements.

 

(e) The current
and former products and services, and the conduct of the Business as currently and formerly conducted, and the Intellectual Property
Assets and Intellectual Property licensed under the Intellectual Property Agreements as currently or formerly owned, licensed or
used by Seller, have not infringed, misappropriated, diluted or otherwise violated, and have not, do not and will not infringe,
dilute, misappropriate or otherwise violate, the Intellectual Property or other rights of any Person. To Seller’s Knowledge,
within the last ten (10) years, no Person has infringed, misappropriated, diluted or otherwise violated, or is currently infringing,
misappropriating, diluting or otherwise violating, any Intellectual Property Assets.

 

(f) There are
no Actions (including any oppositions, interferences or re-examinations) settled, pending or threatened (including in the form
of offers to obtain a license): (i) alleging any infringement, misappropriation, dilution or violation of the Intellectual Property
of any Person by Seller in connection with the Business, (ii) challenging the validity, enforceability, registrability or ownership
of any Intellectual Property Assets or Seller’s rights with respect to any Intellectual Property Assets or (iii) by any of
Seller or any other Person alleging any infringement, misappropriation, dilution or violation by any Person of any Intellectual
Property Assets. Seller is not subject to any outstanding or prospective Governmental Order (including any motion or petition therefor)
that does or would restrict or impair the use of any Intellectual Property Assets.

 

Section 6.10 Legal
Proceedings; Governmental Orders.

 

(a) There are
no Actions pending or threatened against or by any Seller (i) relating to or affecting the Business, or the Purchased Assets or
(ii) that challenge or seek to prevent, enjoin or otherwise delay the Transactions. No event has occurred or circumstances exist
that may give rise to, or serve as a Basis for, any such Action.

 

(b) There are
no outstanding Governmental Orders and no unsatisfied judgments, penalties or awards against, relating to or affecting the Business.
Seller is in compliance with the terms of each Governmental Order applicable to it or the Business. No event has occurred or circumstances
exist that may constitute or result in (with or without notice or lapse of time) a violation of any such Governmental Order.

 

Section 6.11 Compliance
with Laws; Permits.

 

(a) Seller has
complied, and are now complying, with all Laws applicable to the conduct of the Business as currently conducted or the ownership
and use of the Purchased Assets.

 

(b) All Permits
required for Seller to conduct the Business as currently conducted or for the ownership and use of the Purchased Assets have been
obtained by the applicable Seller and are valid and in full force and effect. All fees and charges with respect to such Permits
as of the date hereof have been paid in full. No event has occurred that, with or without notice or lapse of time or both, would
reasonably be expected to result in the revocation, suspension, lapse or limitation of any Permit.

 

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Section 6.12 Compliance
with Laws; Permits.

 

(a) Buyer has
complied, and is now complying, with all Laws applicable to the conduct of the Business as currently conducted or the ownership
and use of the Purchased Assets.

 

(b) All Permits
required for Seller to conduct the Business as currently conducted or for the ownership and use of the Purchased Assets have been
obtained by the applicable Seller and are valid and in full force and effect. All fees and charges with respect to such Permits
as of the date hereof have been paid in full. No event has occurred that, with or without notice or lapse of time or both, would
reasonably be expected to result in the revocation, suspension, lapse or limitation of any Permit.

 

Section 6.13 Taxes.

 

(a) Tax Returns.
All Tax Returns required to be filed by Seller or with respect to the ownership, operation or management of the Business or the
Purchased Assets have been timely filed. Such Tax Returns are true, complete and correct in all respects. All Taxes due and owing
by Seller or with respect to the ownership, operation or management of the Business or the Purchased Assets (whether or not shown
on any Tax Return) have been timely paid. All Taxes of Seller not yet due and payable have been fully accrued on the books of Seller.
None of the Purchased Assets is (i) required to be treated as being owned by another Person pursuant to the so-called “safe
harbor lease” provisions of former Section 168(f)(8) of the Internal Revenue Code of 1954, as amended, (ii) subject to Section
168(g)(1)(A) of the Code, or (iii) subject to a disqualified leaseback or long-term agreement as defined in Section 467 of the
Code. None of the Purchased Assets is tax-exempt use property within the meaning of Section 168(h) of the Code. No property of
Seller is held in an arrangement that could be classified as a partnership for Tax purposes. All Seller has (i) properly collected
all sales Taxes required to be collected in the time and manner required by any applicable Law and remitted all such sales Taxes
(and use Taxes due and payable) to the applicable Governmental Authority in the time and in the manner required by any applicable
Law, (ii) returned all sales Taxes erroneously collected from any Person to such Person (or, if such Person cannot be located or
is no longer in business, remitted such sales Tax to the appropriate Governmental Authority) in the time and in the manner required
by any applicable Law and (iii) collected and maintained all resale certificates and other documentation required to qualify for
any exemption from the collection of sales Taxes.

 

(b) Tax Classification;
Tax Sharing Agreements. Since the January 1, 2019, Seller has not (i) made any Tax election, (ii) changed or revoked any Tax
election, (iii) surrendered the right to any Tax refund, (iv) changed any accounting period for Tax purposes, (v) changed any method
of accounting for Tax purposes, (vi) settled or compromised any Action relating to Taxes or incurred any Taxes outside the ordinary
course of business, (vii) filed a Tax Return in a manner inconsistent with past practice or filed an amended Tax Return or (viii)
entered into any agreement with any Taxing Authority (including a “closing agreement” within the meaning of Section
7121 of the Code). Seller has never been a member of an Affiliated Group. Seller is not liable for Taxes of any other Person as
a result of successor liability, transferee liability, joint and/or several liability (including pursuant to Treasury Regulation
Section 1.1502-6 or any similar provision of state, local or non-U.S. Laws), contractual liability, or otherwise. Seller is a “foreign
person” within the meaning of Section 1445 of the Code. Seller is not, and Seller has never been, a party to, or bound by,
a Tax Sharing Agreement.

 

(c) Withholding.
Seller has timely and properly withheld all required amounts in connection with amounts paid or owing to any employees, agents,
contractors, customers, nonresidents, members, shareholders, lenders and other Persons and have complied with all information reporting
and backup withholding provisions of applicable Law. All Seller has timely remitted all such Taxes to the proper Taxing Authority
in accordance with all applicable Laws. No extensions or waivers of statutes of limitations have been given or requested with respect
to the assessment, collection or imposition of any Taxes of Seller. Seller is not currently a beneficiary of any extension of time
within which to file any Tax Return.

 

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(d) Assessments;
Claims. No Taxing Authority has made a claim that Seller is or may be (or any equity holders of Seller, as a result of owning
any such Seller, are or may be) obligated to pay Taxes or file Tax Returns in a jurisdiction in which such Seller is not filing
Tax Returns or paying Taxes. All deficiencies asserted, or assessments made, against any Seller as a result of any examinations
by any Taxing Authority have been fully paid. No issues relating to Taxes with respect to the ownership, operation or management
of the Business or the Purchased Assets were raised by the relevant Taxing Authority in any completed audit or examination. There
are no outstanding assessments, claims or deficiencies for any Taxes relating to any Purchased Asset or to the Business that have
been proposed, asserted or assessed by any Taxing Authority. Seller is not a party to any Action by any Taxing Authority. There
are no pending or threatened Actions by any Taxing Authority with respect to any Tax Return or Taxes of Seller or with respect
to the ownership, operation or management of the Business or the Purchased Assets and no Taxing Authority has given notice of the
commencement of (or its intent to commence) any Action with respect to any such Taxes. Seller has not requested a private letter
ruling, a request for administrative relief, a request for technical advice, a request for a change of any method of accounting,
or any other request pending with any Taxing Authority that relates to the Taxes or Tax Returns of Seller. Seller is not subject
to any Tax holiday, Tax incentive or Tax grant in any jurisdiction with respect to Taxes relating to the Business or the Purchased
Assets. There are no Liens for Taxes upon any of the Purchased Assets, nor is any Taxing Authority in the process of imposing any
Liens for Taxes on any of the Purchased Assets (other than for statutory Liens for current Taxes not yet due and payable). Seller
is not, or never been, a party to, or a promoter of, a “reportable transaction” within the meaning of Section 6707A(c)(1)
of the Code and Treasury Regulations Section 1.6011 4(b).

 

(e) Section
280G and Section 409A Compliance. Seller is not party to any Contract, agreement, plan, or arrangement covering any current
or former employee or contractor that, individually or collectively, could give rise to (or has already resulted in) a payment
or provision of any other benefit (including accelerated vesting) that could not be deductible by reason of Section 280G of the
Code or subject to any excise Tax under Section 4999 of the Code. Seller has no obligation to pay, gross-up, or otherwise indemnify
any Person for any Taxes (or potential Taxes), including those imposed under Sections 409A or 4999 of the Code.

 

ARTICLE
VII

 

ADDITIONAL
AGREEMENTS

 

Section 7.01 Conduct
and Preservation of Business Pending Closing. From the Agreement Date and until the Closing Date or earlier termination of
this Agreement, Seller will conduct its Business in the ordinary course, in substantially the same manner as previously conducted,
and will use its best efforts to preserve all existing relationships with suppliers and customers and others having business relations
with the Business. Seller will maintain in inventory, or authorize Buyer to maintain in inventory, quantities of supplies and materials
sufficient to allow Buyer to continue and operate the Business in the ordinary course after the Closing, free from any shortage
of such items. Except with the written consent of Buyer, Seller will not enter into, amend in any material respect or terminate
any contracts, or the terms of any supply or purchase arrangements, currently in place with any of its suppliers or customers.
From the Agreement Date through the Closing Date, Seller will not engage in any practice, or take any action or enter into any
transaction, outside the ordinary course of business, without the prior written consent of Buyer. Seller will not borrow any additional
funds, permit any liens or encumbrances on its assets, or guarantee or assume any indebtedness outside the ordinary course of business
without Buyer’s written consent. Seller will take such actions as may be required to cause Seller to observe its covenants
hereunder, and will take no actions inconsistent therewith.

 

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Section 7.02 Books
and Records. In order to facilitate the resolution of any claims made by or against or incurred by Buyer or any of its Affiliates
or any of their respective Representatives after the Closing, or for any other reasonable purpose, for a period of seven (7) years
following the Closing, Seller shall: (a) retain the books and records (including personnel files) of Seller related to the
Business and its operations for periods prior to the Closing; and (B) upon reasonable notice, afford the Buyer’s Representatives
reasonable access (including the right to make, at Buyer’s expense, photocopies), during normal business hours, to such books
and records.

 

Section 7.03 Other
Tax Matters.

 

(a) Deferred
Revenue. The Parties agree (i) that for U.S. federal and all applicable state and local income Tax purposes, any Liability
that is assumed by Buyer in connection with the Transactions and that is attributable to deferred revenue shall not be treated
as giving rise to taxable income of Buyer and (ii) not to take any position on any Tax Return that is inconsistent with the treatment
described in clause (i) of this Section 7.03(a).

 

(b) Cooperation
on Tax Matters. Each Party shall cooperate fully, as and to the extent reasonably requested by any other Party, in connection
with the preparation and filing of any Tax Return and any Action with respect to Taxes. Such cooperation shall include the retention
and, upon request, the provision of records and information which are reasonably relevant to any such Tax Return or Action or any
tax planning, the provision of any information necessary or reasonably requested to allow Buyer to comply with any information
reporting or withholding requirements contained in the Code or other applicable Laws or to compute the amount of payroll or other
employment Taxes due with respect to any payment made in connection with this Agreement, and shall also include making employees
available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder.

 

(c) Periodic
Taxes. Real and personal property Taxes, ad valorem Taxes, and franchise fees or Taxes (that are imposed on a periodic basis
(as opposed to a net income basis)) attributable to the Purchased Assets (collectively, “Periodic Taxes”) shall
be paid by Seller.

 

Section 7.04 Transfer
Taxes. All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including any
penalties and interest) incurred in connection with this Agreement and the other Transaction Documents (including any real property
transfer Tax and any other similar Tax) (collectively, the “Transfer Taxes”) shall be borne and paid by Seller
when due. Seller shall, at its own expense, timely file any Tax Return or other document with respect to such Taxes or fees, and,
if required by applicable Law, Buyer will join in the execution of any such Tax Returns and other documentation. Seller shall not
deliver any intangible assets that are Purchased Assets to Buyer in tangible form such as compact disks or the like, and shall,
to the maximum extent possible, deliver the Purchased Assets by means of electronic transmission, such as by electronic mail or
file transfer protocol. Buyer agrees to accept delivery of all Purchased Assets in the manner set forth in this Section
7.04.

 

Section 7.05 Further
Assurances. Following the Closing, each of the Parties shall, and shall cause their respective Affiliates to, execute and deliver
such additional documents, instruments, conveyances and assurances and take such further actions as may be reasonably required
to carry out the provisions hereof and give effect to the Transactions.

 

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Section 7.06 Use
of Name. After the Closing, Seller hereby agrees that it shall not, and shall cause its Affiliates (including its former and
current equity holders, as applicable) not to, adopt any corporate, limited liability company or other entity name containing any
(a) assumed names, fictitious names, trade names or other similar names used in the Business or (ii) names related to the Business
contained in any Intellectual Property Assets, in each case, including any confusingly similar derivation thereof. From and after
the Closing, Seller consents to the use by Buyer or any of its Affiliates of the corporate name and any assumed names, fictitious
names, trade names or other similar names used in the Business contained in the Purchased Assets. Immediately following the Closing,
Seller agrees not to use any packaging, labeling, containers, letterhead, business cards, supplies, marketing, promotional and
advertising materials, technical data sheets and any similar materials bearing any of the foregoing names other than for transitional
purposes authorized by prior written consent of Buyer.

 

Section 7.08 No
Shop. In consideration of the time invested and the expenses incurred by Buyer’s due diligence efforts, Seller agree
that they will not, directly or indirectly, through any representative or otherwise, solicit or entertain offers from, negotiate
with or in any manner encourage, discuss, accept or consider any proposal of any other person relating to the sale of all or any
of its assets outside of selling inventory in the ordinary course of business. Such foregoing covenant shall be effective from
the date Seller execute this Agreement until the earlier of the Closing or Buyer informs Seller that it has elected not to proceed
with the Closing (or Buyer otherwise breaches any of its obligations set forth herein).

 

ARTICLE
VIII

 

TERMINATION
OF AGREEMENT

 

Section 8.01 Termination.
This Agreement may be terminated at any time prior to the Closing as set forth below:

 

(a) This Agreement
may be terminated at any time prior to the Closing by the mutual written agreement of the Parties.

 

(b) This Agreement
may be terminated by any Party at any time prior to the Closing in the event of a failure to satisfy a condition to such Party’s
obligation to close as set forth in Article IV, and such condition has not been waived.

 

Section 8.02 Effect
of Termination. If this Agreement is terminated as provided above at Section 8.01(a), all rights and obligations
of the Parties hereunder shall terminate without liability of any Party to the other Party; provided, however, that nothing herein
will relieve any Party from liability for the willful breach of any of its representations, warranties, covenants or agreements
set forth in this Agreement prior to such termination.

 

ARTICLE
IX

 

INDEMNIFICATION

 

Section 9.01 Indemnification
Obligations. Each party shall defend, indemnify and hold the other harmless against all claims, suits, demands,
damages, liabilities, losses, penalties, interest, settlements and judgments, costs and expenses (including reasonable attorneys’
fees) incurred, claimed or sustained by third parties, directly or indirectly as a result of (a) breach of or non-compliance with
this Agreement including representations and warranties contained herein, (b) a party’s violation of any law, and (c) any
violation or alleged violation by the indemnifying party of any rights of another, including breach of a person’s or entity’s
intellectual property rights (each (a)-(c) individually is referred to hereinafter as a “Claim”). Should any Claim
give rise to a duty of indemnification under this Section, the Indemnified Party shall promptly notify the Indemnifying Party,
and Indemnifying Party shall be entitled, at its own expense, and upon reasonable notice to the other party, to participate in
the defense of such Claim. Participation in the defense shall not waive or reduce any of a party’s obligations to indemnify
or hold the other harmless. In the context of this Section only, the term “Indemnified Party” shall include officers,
directors, employees, corporate affiliates, subsidiaries, agents, and subcontractors.

 

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ARTICLE
X

 

MISCELLANEOUS

 

Section 10.01 Expenses.
Except as otherwise expressly provided herein, all costs and expenses, including fees and disbursements of counsel, financial advisors
and accountants, incurred in connection with this Agreement, the other Transaction Documents and the Transactions shall be paid
by the Party incurring such costs and expenses, whether or not the Closing shall have occurred.

 

Section 10.02 No
Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties and their respective successors and permitted
assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable
right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

Section 10.03 Other
Remedies. Notwithstanding anything herein to the contrary, Seller agrees that, in the event it breaches, or threatens to breach,
any provisions of this Agreement, cause irreparable injury to Buyer and its Affiliates and money damages would not provide an adequate
remedy to Buyer and its Affiliates. In such event, Buyer shall have the right, in addition to all other rights and remedies it
may have, to a temporary restraining order, an injunction, specific performance or any other equitable relief (including rights
of rescission) that may be available from a court of competent jurisdiction (in each case, with the requirement to post bond) at
any time to enforce or prevent any breach or threatened breach by Seller of this Agreement.

 

Section 10.04 Entire
Agreement. This Agreement and the other Transaction Documents constitute the sole and entire agreement of the Parties with
respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous understandings and agreements,
both written and oral, with respect to such subject matter in any way. In the event of any inconsistency between the statements
in the body of this Agreement and those in the other Transaction Documents, the Disclosure Schedules, and the statements in the
body of this Agreement will control.

 

Section 10.05 Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective
successors, heirs and permitted assigns. No Party may assign either this Agreement or any of such Person’s rights, interests
or obligations hereunder without the prior written approval of the other Parties; provided that Buyer may (a)
assign any or all of its rights and interests hereunder to one or more of its Affiliates or to any of its financing sources as
collateral security and (b) designate one or more of its Affiliates to perform its respective obligations hereunder.

 

Section 10.06 Counterparts.
This Agreement and the other Transaction Documents may be executed in two or more counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument. This Agreement and any amendments hereto, to the
extent signed and delivered by means of electronic transmission, shall be treated in all manner and respects as an original contract
and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person.

 

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Section 10.07 Headings.
The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning
or interpretation of this Agreement.

 

Section 10.08 Notices.
All notices, requests and other communications hereunder must be in writing and will be deemed to have been duly given only if
(a) delivered personally against written receipt, (b) delivered by email transmission with email confirmation, or (c) mailed by
overnight courier prepaid, to the Parties at the following addresses and email addresses, as applicable:

 

If to Buyer:

 

Peter Maddocks, President

 

pmaddocks@btinternet.com

 

If to Seller:

 

All such notices, requests
and other communications will if delivered (a) personally to the address as provided in this Section, be deemed given
on the day so delivered, or, if delivered after 5:00 p.m. local time of the recipient or on a day other than a Business Day, then
on the next proceeding Business Day, (b) by mail in the manner described above to the address as provided in this Section,
be deemed given on the earlier of the third (3rd) Business Day following mailing or upon receipt and (c) if delivered by overnight
courier to the address as provided for in this Section, be deemed given on the earlier of the first (1st) Business
Day following the date sent by such overnight courier or upon receipt, in each case regardless of whether such notice, request
or other communication is received by any other Person to whom a copy of such notice is to be delivered pursuant to this Section.
Any Party from time to time may change his, her or its address, email address or other information for the purpose of notices to
that Party by giving notice specifying such change to each of the other Parties.

 

Section 10.09 Amendments
and Waivers. This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each Party.
No waiver by any Party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by
the Party so waiving. No waiver by any Party shall operate or be construed as a waiver in respect of any failure, breach or default
not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after
that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement
shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 

Section 10.10 Construction.
Where specific language is used to clarify by example a general statement contained herein, such specific language shall not be
deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates. The language used
in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent, and no rule of strict
construction shall be applied against any Party. If any Party has breached any representation, warranty, covenant or agreement
contained in this Agreement in any respect, the fact that there exists another representation, warranty, covenant or agreement
relating to the same subject matter (regardless of the relative levels of specificity) which such Party has not breached shall
not detract from or mitigate the fact that such Party is in breach of the first representation, warranty, covenant or agreement.

 

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Section 10.11 Interpretation.
For purposes of this Agreement, (a) the words “include,” “includes” and “including” shall be
deemed to be followed by the words “without limitation”, (b) the word “or” is not exclusive, (c) the words
“herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to this
Agreement as a whole, (d) words of any gender include each other gender and (e) words using the singular or plural number also
include the plural or singular number, respectively. Unless the context otherwise requires, references herein to: (i) an agreement,
instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time
to time to the extent permitted by the provisions thereof, and (ii) a statute means such statute as amended from time to time and
includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without
regard to any presumption or rule requiring construction or interpretation against the Party drafting an instrument or causing
any instrument to be drafted. The schedules referred to herein shall be construed with, and as an integral part of, this Agreement
to the same extent as if they were set forth verbatim herein.

 

Section 10.12 Governing
Law. This Agreement shall be governed by and construed in accordance with the Laws of the State of New York, USA without giving
effect to any choice or conflict of Law provision or rule that would cause the application of the Laws of any jurisdiction other
than the State of New York, USA.

 

Section 10.13 Submission
to Jurisdiction; Choice of Forum. Each of the Parties to this Agreement hereby submits to the exclusive jurisdiction of the
state and federal courts located in the State of New York, USA in respect of the claims with respect to which a Party seeks specific
performance and waives, and agrees not to assert, any defense in any Action for such interpretation or enforcement that such Party
is not subject to such jurisdiction or that such Action may not be brought or is not maintainable in such courts or that this Agreement
may not be enforced in or by such courts, that the Action is brought in an inconvenient forum, or that the venue of the Action
is improper. Service of process with respect thereto may be made upon any Party by mailing a copy thereof by registered or certified
mail, postage prepaid, to such Party at its address as provided herein.

 

Section 10.14 Waiver
of Jury Trial. THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT,
THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER ARISING IN CONTRACT,
TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE
KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY.

 

Section 10.15 Severability.
If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality
or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term
or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable,
the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely
as possible in a mutually acceptable manner in order that the Transactions be consummated as originally contemplated to the greatest
extent possible.

 

Section 10.16 Disclosure
Schedules. The information set forth in each section or subsection of the Disclosure Schedules shall be deemed
to provide the information contemplated by, or otherwise qualify, the representations and warranties of Seller set forth in the
corresponding section or subsection of this Agreement and any other section or subsection of Article V, but only to
the extent that it is expressly stated on the face of the disclosure that it applies to such other section or subsection of Article
V.

 

(Remainder of Page Intentionally Left Blank;
Signature Pages Follow)

 

    28

     

    

 

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

 

	 	BUYER:
	 	Sakthi Global Holdings Ltd.
	 	 	 
	 	By:	                
	 	Name: 	Peter Maddocks
	 	Its:	 
	 	 	 
	 	SELLER:
	 	American Software Capital, Inc.
	 	 	 
	 	By:	 
	 	Name:,	 
	 	Its:	 

 

Signature Page – Asset Purchase
Agreement

 

    29

     

    

 

DISCLOSURE SCHEDULES

 

2.01 Assets

 

	 	1.	All technology and software code (and all copies of code) related to or required to operate:

 

	 	a.	Lukki Exchange

 

	 	2.	Copies of all client lists, corresponding contact information, and historical activity logs (logins, trades, transfers, transactions of any type

 

	 	3.	All brand IP for Lukki related ventures including files of art, logos, web designs, etc.

 

	 	4.	Access and ownership of the Lukki.io website and related design code.

 

Signature Page – Asset Purchase
Agreement

 

 

30Exhibit 10.1

 

WAREHOUSE LEASE Lease.  This  Lease Agreement  (this  ·Lease)  1s  made  etfect1ve  as  10119/2020 .  by  and  between  FOCUS  UNIVERSAL  INC .   (   Landlord")  and  A&.D  ELECTRONICS  LLC ("Tenant") 2. Premises.   Landlord.   111 cons1dera11on   of  the lease   payments   provided  1n          lh1s    Lease   leases   to  Tenanl 3,000 S OF  T  warehouse plus  one  office  space   (the  'Premises")  located at  2311   E   LOCUST  CT.  ONTARIO  CA  91761 . 3. Deposit.  Tenant  hereby  delivers  to   Landlord  a  check   In  the   amount   of  S4.800   00  ("Deposit") 4. Agreed  Lease Terms. 4   1 Term  of  Lease.   The  terrn of  the  lease  shall  be  ೦ months   and   shall begin  011    December  1    2020 and  op t ion  to  extend  10   12 months 4 2 Rent. ( a ) The  monthly  Base   Rent  shall  initially  be  $ ೦ and  shall  he   adJuStec:I   as follows P a y  tw o  months secu r ity deoos,t  S4  800  00plus  one  mon th  r ent  S2  400  for  the  amount  of  57  200 00  111 full  o n  121112020   Base   Rent  s11a11         be  payable.  111 advance.  011    theJ_day  of  each  month. (bi 4 3 4 . 4 4.5 4.6 On  execution  of  !ease.  Tenant shall  pay  to  Landlord  S ೦ represenllng  monthly  Base  Rent  for   eac  n montlJ Security  Deposit.  The   Security  Deposit shall  be  1n       the  amount   of  S4.800 00 Tot a l  mo nie s  dt1e  u pon  executio n  of  I.ease  ( s ecurity  deposit  p l us  a d ya n ce  reno·  $7  20 0  00   Agreed  Use    The  Premises  shall be used   only  for  3.000  S OFT  warehou s e  otus one  office  space Possession.  If  Te11anl  1s  not already  111 possession  Landlord  shall  deliver  the Premises  on  12/112020   Proportion  and  Share  of  Expenses. If  the  Premises  are  pan  of  a  larger  bu1ld1ng  or  a  complex  of   butldings   Tenant  shall  pay  its  pr opon1onate share   of the  operating   expens e s .  ,t  any.  of  the propeny of  which the  Premises  are  a  part.  1nclud1ng  b u t  not  hm1ted  to  real property  taxes.  insurance   maintenance   and  security  costs   Rental will  include  all utility  and  internet 5 . Additional Lease Terms . In adclrt 1 on to the Agreed Terms descnbea 1 n paragraph 4 the Lease wh,ch ,s to be ultimately executed bythe pan,es shall contain the prov 1 s 1 ons ot the most recent ed 1 t 1 on ot the lndustnal/Commerc 1 al Single Tenant . Net tndustnal/Com m erc 1 al Single Tenant· Gross . tndustnal/Commerc 1 al Multi - Tenant· Net . __ lndu strial/Co mm eraal Mul! 1 - Tenant - Gross . Multi· Tenant Office· Net . Multi Tenant Office - Gross . Retail Mult, . Te 11 ant Net . L Ot 11 er (specify) Comme n cem ent da t e throug h December 1 . 2 0201111 ough N ovemt>er 30 2021 • Monthly rent S 2 . 400 00 ( 50 . 60 /SOFTl . Rental price 1 sgo,ng to 1 ncryasr . S 0 . 02 /SQFT after each anniversary PAGE  1    OF 3 INITIALS Q INITIALS

    	 

    	 

    

The  Pan1es  agree  to act  reasonably and  exped1t1ously  with regard  to the  nego11at1on  and   draltong ol  the  lease agreement II Agreement cannot bo roached w1th1n hlteen days from the date ot the exec:utoon of 1h1s Agreement. then (a \ landlord ano Tenant shall mmedia r el y appoint a mu t ually acceptable attorney or broker 10 es t ablish  l he terms ot  the lease agreement w1 1 h1n the next ten days  Any assoc,ated cosl:; will be split equally between the Parties. lbJ Both Landlord and Tenant shall o.?ach i mmediatel y subr r 1 1 1n w1111ng. a d1af1 ol the lease agreement which they propose 10 art:i:trate 1n accordance with the following provisions Iii W1th1n hve days t hereafter, Landlord and Tenant shall each select an Attorney or _x  landlord  (" Co ns ultant'  check  one \ of  thn,r  - :ho,ce  to  ;ir.t  as  an  arb<trator  The two  arbitrators  so  appo i nted  shall   1m111ed1ately   selt:Ct  a  ll11rd  mutudlly acceptable  Consultant  to  acl  as  a thirdarbnrator. ( 11 ) The three arb 11 ra 1 ors shallw, 1 h,n ten daysot theappo 1 n 1 men 1 of t h e t hird arbitrator reach a  oec1s1on  as  10  what  terms  to  insert in  the  ltnal  tease  agreeMen1 ,  and  whether  draft  lease  ..greement  subm11ted  by   Landlord or Tenant 1s the closest thereto. The decision of a maionly of the arbitrators shall be binding on the Parties 111 It either of the Panies fails to appoint an : irb 111 a t or w 1 th 1 n tho spect 11 od hve days the arbitrator timely appointed by one of them shall reach a dec 1 s,on on his or her own . and sa,d decision shall be b 1 nd 1 ng on t he Parties ( iv) The entue cost of such nrb 1 t 1 a 1 ,on shall be pa,d by tho party whose draft tease agreement 1 s dete rm ined 10 be the one that 1 s NOT the closest lo the l 1 nal lease> 1 greomen 1 dcc 1 ecd on by the arb 111 ators 6 . Dangero u s   Mat erials .  Tenant  shall  not  keep  or  have  on  the  rem,sc  any   ar11clo   or    thing  of   a  dangerous. flammable, or uxplos,ve character that m 1 gh 1 substantially incre a se the Clanger ol liro on t he P,om,ses or that might be considered hazardous by a responsible i nsurance company . unless the nor wnllen c onsent o' L .. 111 dlord 1 s obta 111 ed and proof of adequate insurance protection 1 s providedby Tenant to Landlord 7 . Mechani c s Li ens . Neither Tenant nor anyone clair 111 g through the Tenant shall have the ught to t,te mechanics l • en ,, or any other kind ol hen on the Premises and the filing ol this Lease cons 111 utes notices that such l,ens are 1 nvahd Further Tenan t agrees to ( 1 / give actual advance not,ce to any contrac t ors . subcon 1 rac 1 ors o r suppliers ot goods labor . 01 services that such hens will not be vahd . and (? , take whatcNer ackl'l 1 on ; rl i,tops that are necessa,y 1 n order 10 keep the prc , f"' 1 ses free of all hens resulting from construc 11 on done by or for the Tenant 8 . Subord  i nation  of  l  ease .  This  Lease  1s  subordinate  to  any mongagc.  that  now  exists  or may  be  given  late, by Landlotd.  with respect to the  Prcm,sc& , Dtl PAGE  2 OF  J INITIALS INITIALS

    	 

    	 

    

9. Assignebility  Subletting.   Tenan1    may    nol   assign   or   sublease   any   1n1e1e;.1      111 lhe   Premises.   nor assign  mongage  or  pledge  this  Lease.  w,1hout  the  prior  wrnten  consent  of  landlord.  wh•ch  shall  not  be   mreasonably   w1lhheld 1 0 . 11. Governing  Law.  This  Lease  shall  be  construed  111 accordance with the  laws  of  lhe  Stale  of  Calllorn1a   Entire  Agreement/Amendment.  This  Lease  contains  the  entire  agreement  of  the parties  and there  are no other promises . cond 111 ons . understandings or other agreements . whether oral or wrrtten . relating 10 1 he sub 1 oct manor of this Lease This Lease may be mod 1 f,ed or c 1 mended rn writing . ,f the wr 111 ng 1 s signed by the pany obligated under the amendment . 12. Severabillt y .   II   any   po1!1on   ol   1h1s       Lease   shall   be   held   ro   be  1nval1cl    or  unentorcuable   tor  any   reason.   the remain ng prov,s,ons shall cont,n ; ,e 10 be valid and enforceable . If a court hnds 1 ha 1 any prov 1 s 1 on of this Leaso 1 s invalid or unenforce :: 1 ble . but thal by hm 11 ,ng such prov 1 s, 011 1 ! wo . Jld become vallo and enlo,ceable . th ೦ n such prov,s,on shall be deemed to be written . construed . ana enforced as so l 1 m 1 ted 13. Waiver . The failure of either pany 10 enlorce any provis,ons of this Lease shall not be construed as a waiver or 1 , 11111 a 1 ,on of 1 h 111 party's ngh 1 10 subsequently enforce and compel strict com p liance wi 1 h every prov,s,on ot 1 h 1 s Leaso 14. B inding Effect . The provisions ot rh,s LeasP . shall be b 1 nd 1 ng upon and inure 10 the benefit of bo 1 h parties :: 1 nd lheu respec 11 ve legal r, 3 preson 1 a 11 ves . successors and assigns L andlord: FOCUS  UNIVERSAL INC. Tenant: _..:::, A ....&O<O..,,E.,, L c,: E .,.C.,_ T :..,. RO =.,. N ,.,. 1C "'S:.., L :.:, L ,.,. C :...... --- ------ By : ' † ...,.. ::) - + - ' - Y '""' ೦ - " - ' -- " - "" - - k V N ame  Printed:  - = e ೦ * , ೦ - ' ೦ A - ) {' _ f _ ೦ W fJ ೦ -- By: ೦ ೦ ೦ Name  Printed:  ._j[SHtJ ೦ A/:J..tJ Email: Date: _ L ೦ - / ' J .:.... . - f ೦ Title: Phone: ೦ o 62 - 6   - 2  7   7 - . - - Stk) k';(l - /tf' ..rO@    .. I r,2r  cW1u1· ೦ - ೦ \ r' r Date:_ ' LO I ..2,.C I W. ೦ - - PAGE  3  OF 3 INITIALS I N I T IALS

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