Document:

Exhibit 10.1

 

TERM LOAN AGREEMENT

 

THIS TERM LOAN AGREEMENT (this "
Agreement") dated this 5th day of December, 2014

BETWEEN:

Grace McLain Capital Advisors, LLC

of 952 Golf House Rd W, Whitsett, NC, 27377

(the "Lender")

 

AND

UBL Interactive, Inc.

of 6701 Carmel Rd, Charlotte, NC, 28226

(the "Borrower")

 

IN CONSIDERATION OF the Lender loaning
certain monies to the Borrower, and the Borrower repaying such monies to the Lender, both parties agree to keep, perform and fulfill
the promises and conditions set out in this Agreement:

 

	 	I.	Loan Amounts & Interest

 

The Lender will make an unsecured
term loan to the Borrower of $200,000 (the “Tranche A Term Loan”). At the option of the Borrower, as
and when requested by the Borrower, the Lender will make a second unsecured term loan to the Borrower of $200,000 (the “Tranche
B Term Loan” and a third unsecured term loan to the Borrower of $200,000 (the “Tranche C Term Loan”
and together with the Tranche A Term Loan and the Tranche B Tern Loan, the “Loans”). Borrower promises
to repay these principal amounts to the Lender, with interest payable on the unpaid principal at the rate of 12.00 percent per
annum for the Tranche A Term Loan and Tranche B Term Loan and at the rate of 14.00 percent per annum for the Tranche C Term Loan,
compounded yearly not in advance.

 

    	1

    	 

    

 

	II.	Payment

 

The Tranche A Term Loan will
be repaid in consecutive monthly installments of principal ($33,333.34 per month) and interest[1] on the 15th day of
each month commencing the month following execution of this Agreement and continuing until May 15, 2015 with the balance then owing
under this Agreement being paid at that time.

 

The Tranche B Term Loan will
be repaid in consecutive monthly installments of interest only ($2,000.00 per month) beginning on the 30th day following the closing
of this tranche and continuing until the sixth month following the closing of the tranche, with the entire principal amount and
the balance of interest then owing under this tranche being paid at that time.

 

The Tranche C Term Loan will
be repaid in in full, including principal and interest, on or before the 180th day following the closing of this tranche.

 

	III.	Default

 

Notwithstanding anything to the
contrary in this Agreement, if the Borrower defaults in the performance of any material obligation under this Agreement, then the
Lender may declare, upon written notice to the Borrower, the principal amount outstanding and owing and interest due under this
Agreement at that time to be immediately due and payable.

 

Further, if the Lender declares
the principal amount owing under this Agreement to be immediately due and payable, and the Borrower fails to provide full payment,
interest in the amount of 15.00 percent per annum, calculated yearly not in advance, will be charged on the outstanding amount,
commencing the day the principal amount is declared due and payable, until full payment is received by the Lender.

 

	IV.	Use of Proceeds

 

Proceeds of the Loans will be used
by Borrower to (i) provide general working capital and to otherwise pay expenses incurred including, but not limited to, payroll
and operating expenses and (ii) pay transaction costs related to the Borrower’s business expansion.

 

[1]
Monthly interest payments of $1,733.33, $1,722.22, $1,377.78, $933.33, $688.89 and $333.33.

 

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	V.	Maturity

 

The Loans will mature upon the
earliest to occur of the following:  (i) for a particular tranche, the six month anniversary of the closing date of such tranche,
(ii) the acceleration of the Loans under the terms of this Agreement, (iii) the date of a change of control of the Borrower (the
“Maturity Date”).

 

	VI.	Interest Payment

 

Interest payments with respect
to the Tranche A Term Loan and the Tranche B Term Loan will be due in arrears on a monthly basis on the first day of each month
(via ACH or other electronic transfer) in installments based on an actual days elapsed, on the basis of a 360 day year, and, with
respect to the Tranche C Term Loan, on the Maturity Date.

 

	VII.	
        Prepayment 

         

        Borrower may prepay any or all of the Loans in minimum increments
        of $100,000; provided, however, that (i) prepayments shall be applied first to repay the Tranche A Term Loan until it has been
        repaid in full, then to the Tranche B Term Loan and then to the Tranche C Term Loan and (ii) prepayments shall include premiums
        of 3.0% of the prepayment amount for payments made prior to the Maturity Date unless such prepayment is a result of a funding facility
        provided by the Lender or Lender related parties.

 

	VIII.	
        Fees/Expenses

         

        Borrower agrees that following execution of the Agreement and the
        closing of the Tranche A Term Loan, Lender will receive a 2% structuring fee and a 1% closing fee on the Tranche A Term Loan. Lender
        will receive the same fees on the closing of the Tranche B Term Loan and the closing of theTranche C Term loan with such fees payable
        only if those tranches actually close.

         

        The fees may be paid in cash or netted against the proceeds of the
        Loans, at the discretion of Lender. Lender will be reimbursed at closing for out of pocket costs related to the Loans (including
        reasonable legal fees, due diligence and other costs) up to a maximum amount of $7,500.  At the discretion of Lender, these
        out of pocket costs may also be deducted from the proceeds of the Loans. The Lender acknowledges that, as of this date, the lender
        has received a $6,500 expense deposit to be applied against its out of pocket costs.

 

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	IX.	
        Warrants

         

        In connection with making the Tranche A Term Loan, Lender will receive
        detachable and transferable warrants (the “Term Loan A Warrants”) to purchase 1.5% of Borrower’s total outstanding
        shares of common stock on a non-Fully Diluted basis (but including the issuance of the equity underlying the Warrants) calculated
        as of the date of closing of the Tranche A Term Loan. Upon and subject to the closing of the Tranche B Term Loan, the Lender will
        receive detachable and transferable warrants (the “Term Loan B Warrants”) to purchase an additional 1.5% of the outstanding
        common stock of the Borrower calculated as of the closing date of the Tranche B Term Loan, and upon and subject to the closing
        of the Tranche C Term Loan, the Lender will receive detachable and transferable warrants (the “Term Loan C Warrants”
        and together with the Term Loan A Warrants and the Term Loan B Warrants, the “Warrants”) to purchase an additional
        1.0% of the outstanding common stock of the Borrower calculated as of the closing date of the Tranche C Term Loan.

         

        The Warrants will not be subject to anti-dilution protection (but
        will be subject to adjustment for stock dividends, subdivisions and combinations) or rights other than those of the Borrower’s
        common stock shareholders.

         

        The exercise price per unit of the Warrants will be set at $0.15.

         

        The Warrants will be i) in substantially the form attached hereto
        as Exhibit A, ii) fully vested and exercisable upon purchase, iii) exercisable in whole or in part from time to time, iv)
        have a term of two (2) years from the date of issue.

	 	 

 

	X.	
        Board of Directors 

         

        As long as any principal amount of the Loans is outstanding, the
        Lender will have the right to appoint one board observer (non-voting).

 

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	XI.	Governing Law

 

This Agreement will be construed
in accordance with and governed by the laws of the State of North Carolina.

 

	XII.	Costs

 

All costs, expenses and expenditures
including, without limitation, reasonable legal costs, incurred by enforcing this Agreement as a result of any default by the Borrower,
will be added to the principal then outstanding and will immediately be paid by the Borrower.

 

	XIII.	Binding Effect

 

This Agreement will pass to the
benefit of and be binding upon the respective heirs, executors, administrators, successors and permitted assigns of the Borrower
and Lender. The Borrower waives presentment for payment, notice of non-payment, protest, and notice of protest.

 

	XIV.	Amendments

 

This Agreement may only be amended
or modified by a written instrument executed by both the Borrower and the Lender.

 

	XV.	Severability

 

The clauses and paragraphs contained
in this Agreement are intended to be read and construed independently of each other. If any term, covenant, condition or provision
of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties' intent
that such provision be reduced in scope by the court only to the extent deemed necessary by that court to render the provision
reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be affected, impaired or invalidated
as a result.

 

	XVI.	General Provisions

 

Headings are inserted for the
convenience of the parties only and are not to be considered when interpreting this Agreement. Words in the singular mean and include
the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.

 

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	XVII.	Entire Agreement

 

This Agreement constitutes the
entire agreement between the parties and there are no further items or provisions, either oral or otherwise. This Agreement supersedes
and replaces any prior understands or agreements, whether written or oral, including that certain conditional commitment letter
and summary of terms and conditions dated September 30, 2014 by and between the parties, with respect to the subject matter of
this Agreement.

 

	XVIII.	Execution

 

This Agreement may be executed
in counterparts, each of which when taken together shall be considered one and the same agreement and shall become effective when
counterparts have been signed by each party and delivered to each other party, it being understood that the parties need not sign
the same counterpart.

 

IN WITNESS WHEREOF, the parties
have duly affixed their signatures under hand and seal on this 5th day of December, 2014.

 

	SIGNED,
    SEALED, AND DELIVERED

    this 5th day of December, 2014. 	 	 	Grace
    McLain Capital Advisors, LLC	 
	 	 	 	per:	/s/Bill
    Rhew	(SEAL)
	 	 	 	 	Bill Rhew, Managing Director	 

 

	SIGNED, SEALED, AND DELIVERED

    this 5th day of December, 2014. 	 	 	UBL Interactive,
    Inc.	 
	 	 	 	per:	/s/
    Chris Travers	(SEAL)
	 	 	 	 	Chris Travers, President	 

 

 

 

6Exhibit 10.2

 

Irrevocable Asset and Liability Exchange
Agreement

 

This Irrevocable Asset and Liability Exchange
Agreement is entered into as of the 15th day of October 2014, by and among JA
Energy (“JAEN”), a Nevada corporation, James Lusk ("Mr.
Lusk"), Mark DeStefano and T. J. Jesky, individuals and residents of the State of Nevada
(collectively referred to herein as the "Parties").

 

RECITALS

 

WHEREAS, at the annual shareholder's
meeting of JA Energy held on September 30, the shareholders approved a spin-off of a wholly owned subsidiary, whereby each shareholder
of JA Energy ("Parent") will receive their pro-rata share ownership in the subsidiary.

 

WHEREAS, the JA Energy shareholders
approved the transfer all of the assets and liabilities of the Parent into a wholly own subsidiary.

 

WHEREAS, the Parties also agree to transfer
all of the assets and liabilities of the Parent into JAEN Sub, a wholly own subsidiary;

 

WHEREAS, the principal shareholders
also agree to exchange Preferred and Common shares owned in the Parent and subsidiary;

 

WHEREAS, once the transfer of assets
and liabilities are completed and the shares are exchanged, the subsidiary will operate independent of JAEN and Mr. Lusk will take
control of the subsidiary; and

 

WHEREAS, all Parties shall indemnify
and hold harmless the other Parties from and against any and all losses, damages, liabilities, resulting or arising from these
transactions.

 

NOW THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt of which are hereby acknowledged, the Parties hereby agree
to the following.

 

1. Terms.

 

1.1 JA Energy forms a wholly
owned subsidiary, named JAEN Sub, with the same characteristics and number of authorized shares as the Parent, whereby all Preferred
and Common shareholders in the Parent will receive a pro-rata stock dividend in the subsidiary that is equal to the number of shares
they owned in the Parent on a one-for-one basis.

 

1.2 FINRA is notified of
the stock dividend and a new CUSIP number is obtained for the shares issued in the subsidiary.

 

1.3 The company's authorized
transfer agent is notified to issue dividend shares to the existing shareholders, based on an established record date.

1.4 All Parties, including
Mr. Lusk agree to transfer as of March 31, 2014, all assets and liabilities from the Parent to the Subsidiary to the extent legally
assignable.. Mr. Lusk agrees to work with the Parent to effect these transfers. The independent subsidiary will own all of the
assets and liabilities that were on the books of the Parent as of March 31, 2014. This includes all of the intellectual property
owned by the Parent.

 

1.5 Mark DeStefano and
T. J. Jesky will transfer all ownership of their Preferred and Common stock held in the subsidiary to Mr. Lusk.

 

1.6 Mr. Lusk will transfer
all of the common stock ownership he owns and controls in the Parent, that includes his personal holdings, stock owned by Angela
Burton, Matthew Lusk and Three Sisters Trust to Mark DeStefano.

 

1.7. Mr. Lusk will provide
a notarized signed letter addressed to the Company and auditor that he agrees with this transfer. (See Exhibit A.)

 

1.8 Once the transfer takes
place, Mr. Lusk will control the subsidiary without any ownership of Mark DeStefano nor T. J. Jesky in the subsidiary. The subsidiary
will be divested from the Parent and no longer wholly owned by the Parent. It will operate as a separate entity, with different
management. Mr. Lusk will appoint his own directors and officers in the subsidiary.

 

1.9 The terms and conditions
of this Agreement become irrevocable on all Parties upon execution.

 

1.10 All
Parties agree to cooperate with each other and to execute and deliver all papers, documents and instruments as may be necessary
to complete this transaction.

 

1.11 This is considered
an arm's length transaction. The Parties are working as independent contractors to each other.

 

2. Representations and Warranties of
JA Energy, Mark DeStefano and T. J. Jesky. In order to induce Mr. Lusk to enter into this Agreement and complete its transactions
contemplated hereunder, JA Energy, Mark DeStefano and T. J. Jesky represents and warrants that:

 

2.1 JA Energy, Mark DeStefano
and T. J. Jesky have good and sufficient power, authority and capacity to enter into this Agreement and complete its transactions
contemplated under this Agreement on the terms and conditions set forth herein, and this agreement will not violate any other agreement
or instrument to which the Parties are bound.

 

2.2 JA Energy, Mark DeStefano
and T. J. Jesky warrant that any new liabilities incurred on the books of JA Energy after April 1, 2014 will not be transferred
to the subsidiary.

     

     

    

 

 

2.3 JA Energy represents
and warrants that there have been no liabilities, actual or contingent, created in the subsidiary. Prior
to the effective time of the transfer, the subsidiary will have no assets nor liabilities. The share structure of the subsidiary
will mirror the Parent on a one-to-one basis, with the same shareholders as the Parent. No additional shares or awards will be
issued by the subsidiary.

 

2.4
JA Energy represents and warrants that since April 1, 2014, with the exception of the Preferred
voting shares issued to Mark DeStefano, no other shares have been issued, awarded or pledged to be issued. The number of common
shares issued and outstanding in JA Energy at March 31, 2014 are the same number of the shares issued at the date of transfer.

 

2.5
JA Energy additionally represents and warrants that it will not issue any additional Preferred or Common shares until after
the transfer of assets, liabilities as of March 31, 2014, ownership, new management and spin-off of the subsidiary takes place.

 

2.6 The execution and delivery
of this Agreement have been duly and validly authorized, and all necessary action has been taken to make this Agreement a legal,
valid and binding obligation of JA Energy, Mark DeStefano and T. J. Jesky, enforceable in accordance with its terms.

 

3. Representations and Warranties of
the Mr. James Lusk. In order to induce JA Energy, Mark DeStefano and T. J. Jesky to enter into this Agreement and complete
its transactions contemplated hereunder, Mr. Lusk represents and warrants that:

 

3.1 He has good and sufficient
power, authority and capacity to enter into this Agreement and complete its transactions contemplated under this Agreement on the
terms and conditions set forth herein, and this agreement will not violate any other agreement or instrument to which he is a party
or by which he is bound.

 

3.2 The execution and delivery
of this Agreement have been duly and validly authorized, and all necessary action has been taken to make this Agreement a legal,
valid and binding obligation of Mr. Lusk, enforceable in accordance with its terms.

 

4.
Indemnification. All Parties shall indemnify and hold
harmless each other from and against any and all losses, damages, liabilities, reasonable attorney's fees, court costs and expenses
or omission resulting or arising from this Agreement.

 

5. Entire Agreement. This Agreement
contains the entire understanding between and among the parties and supersedes any prior understandings and agreements among them
respecting the subject matter of this Agreement.

 

6. Amendment and Modification.
Subject to applicable law, this Agreement may be amended, modified or supplemented only by a written agreement signed by all Parties.

     

     

    

 

 

7. Waiver of Compliance; Consents.

 

7.1 Any failure of any
party to comply with any obligation, covenant, agreement or condition herein may be waived by the party entitled to the performance
of such obligation, covenant or agreement or who has the benefit of such condition, but such waiver or failure to insist upon strict
compliance with such obligation, covenant, or agreement or condition will not operate as a waiver of, or estoppel with respect
to, any subsequent or other failure.

 

7.2 Whenever this Agreement
requires or permits consent by or on behalf of any party hereto, such consent will be given in a manner consistent with the requirements
for a waiver of compliance as set forth above.

 

8. Agreement Binding. This Agreement
shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

 

9. Attorneys’ Fees. In
the event an arbitration, suit or action is brought by any party under this Agreement to enforce any of its terms, or in any appeal
there from, it is agreed that the prevailing party shall be entitled to reasonable attorneys fees to be fixed by the arbitrator,
trial court, and/or appellate court.

 

10. Computation of Time. In computing
any period of time pursuant to this Agreement, the day of the act, event or default from which the designated period of time begins
to run shall be included, unless it is a Saturday, Sunday or a legal holiday, in which event the period shall begin to run on the
next day that is not a Saturday, Sunday or legal holiday.

 

11. Governing Law. THIS AGREEMENT
AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEVADA.
THE PARTIES AGREE THAT ANY LITIGATION RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT MUST BE BROUGHT BEFORE AND DETERMINED BY
A COURT OF COMPETENT JURISDICTION WITHIN NEVADA.

 

12. Arbitration. If at any time
during the term of this Agreement any dispute, difference, or disagreement shall arise upon or in respect of this Agreement, and
the meaning and construction hereof, every such dispute, difference, and disagreement shall be referred to a single arbiter agreed
upon by the parties, or if no single arbiter can be agreed upon, an arbiter or arbiters shall be selected in accordance with the
rules of the American Arbitration Association and such dispute, difference or disagreement shall be settled by arbitration in accordance
with the then prevailing commercial rules of the American Arbitration Association, and judgment upon the award rendered by the
arbiter may be entered in any court having jurisdiction thereof.

 

13. Further Action. The parties
hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary
or appropriate to achieve the purposes of the Agreement.

     

     

    

 

 

14. Confidentiality. The parties
shall keep this Agreement and its terms confidential, but any party may make such disclosures as it reasonably considers are required
by law or necessary to obtain financing. In the event that the transactions contemplated by this Agreement are not consummated
for any reason whatsoever, the parties hereto agree not to disclose or use any confidential information they may have concerning
the affairs of other parties, except for information which is required by law to be disclosed. Confidential information includes,
but is not limited to, financial records, surveys, reports, plans, proposals, financial information, information relating to personnel
contracts, stock ownership, liabilities and litigation.

 

15. Costs, Expenses and Legal Fees.
Whether or not the transactions contemplated hereby are consummated, each party hereto shall bear its own costs and expenses (including
attorneys’ fees).

 

16. Severability. If any provision
of this Agreement is held to be illegal, invalid or unenforceable under present or future laws effecting during the term hereof,
such provision shall be fully severable and this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable
provision never comprised a part hereof; and the remaining provisions hereof shall remain in full force and effect and shall not
be affected by the illegal, invalid or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal,
invalid and unenforceable provision, there shall be added automatically as part of this Agreement a provision as similar in nature
in its terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable.

 

17. Counterparts. This Agreement
may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which taken together
shall be deemed to constitute one and the same. Facsimile copies may act as originals.

 

IN WITNESS HEREOF, the parties
have duly executed this Agreement as of the date written herewith.

 

JA Energy James Lusk

 

By: _/s/ Barry Hall___________By:___/s/
James Lusk__________

Name: Barry Hall James Lusk

Director Shareholder

 

 

By: _/s/ Mark DeStefano______

Name: Mark DeStefano

Shareholder

 

 

By: /s/ T. J. Jesky___________

Name: T. J. Jesky

Shareholder

     

     

    

 

Exhibit A

 

October 15, 2014

 

TO:

 

Seale and Beers, CPAs

8250 W. Charleston Blvd.

Las Vegas, NV 89117

 

JA Energy

10325 Falls Church Avenue

Las Vegas, NV 89144

 

RE: Letter of Authorization

 

Gentlemen:

 

This authorizes JA Energy, a Nevada corporation,
to transfer and assign any and all of my liabilities that were on the books of JA Energy, as of March 31, 2014 to JAEN Sub, a Nevada
corporation, and its wholly owned subsidiary.

 

The reason for this transfer, is that once
all of the assets and liabilities, as of March 31, 2014, are transferred to this newly formed subsidiary, JA Energy will spin-off
the subsidiary. JAEN Sub will be divested from JA Energy and no longer be a wholly owned subsidiary. It will operate as a separate
entity, with different management, and I shall have control of JAEN Sub. 

 

This provides you with my notarized signature
and authorizes you to execute this transfer, effective immediately.

 

Sincerely,

 

/s/ James D. Lusk

James Lusk

Debt Holder

 

DATED this 15 day of October, 2014

 

STATE OF CALIFORNIA)

) ss.

County of San Bernardino)

 

SUBSCRIBED AND SWORN TO before me this 10/15/14 by James Derrel
Lusk

 

/s/ M. H. Clarke

_______________________________

Notary Public for the State of California

My commission expires: May 23, 2017

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