Document:

Unassociated Document

    AMERICAN
      TECHNOLOGIES GROUP, INC.

     

    

    Authorized
      Agent for

    GSSF
      Master Fund, LP

    and
      Gryphon Master Fund, L.P.

    100
      Crescent Ct., Suite 490

    Dallas,
      TX 75201

    

    RE: American
      Technologies Group, Inc.

      

    

    Dear
      Mr.
      Stoval:

    

    Reference
      is hereby made to the Registration Rights Agreements (the “Registration Rights
      Agreements”) entered into as of September 7, 2005 and April 26, 2006 by and
      between American Technologies Group, Inc., a Nevada corporation (“ATG”), Gryphon
      Master Fund, L.P., (“GMF”), and GSSF Master Fund, LP (“GSSF”) which require ATG
      to file a registration statement with respect to the Registrable Securities
      (as
      defined in the Agreements). Reference is also hereby made to the convertible
      term notes in the total amount of $500,000 payable to GMF and GSSF dated as
      of
      September 7, 2005 (the “Notes”). Reference is further made to that certain
      security agreements also dated September 7, 2005 by and between ATG, GMF and
      GSSF (the “Security Agreements”). Based on conferences with GSSF and GMF, GMF
      and GSSF have agreed to the following amendments to the Registration Rights
      Agreement, the Notes and Security Agreement:

    

    1.
      The
      Effectiveness Dates in each of the Registration Rights Agreements shall be,
      and
      hereby are, extended to December 31, 2007 with respect to all Registrable
      Securities as defined in the Registration Rights Agreements.

    

    2.
      The
      Maturity Dates of the Notes (as defined in the Notes) shall be extended through
      December 31, 2007.

    

    3.
      Moreover, GMF and GSSF hereby agree to waive any claims for default and damages
      (including claims for liquidated damages pursuant to Section 2 of the
      Agreements) that have accrued through the date set forth below as a result
      of
      ATG’s failure to meet its obligations with respect to the Effectiveness Dates as
      originally defined in the Registration Rights Agreements, and/or to the extent
      that ATG has failed to make timely payments pursuant to the unmodified terms
      of
      the Notes. Further, GMF and GSSF further agree to waive any claim for default
      as
      a result of ATG’s failure to meet the financial reporting requirements set forth
      in section 11 of the Security Agreements, provided, that ATG shall bring itself
      into compliance with such requirements prior to January 31, 2008.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    If
      these
      above-described amendments are satisfactory to you, please execute the
      acknowledgement portion of this letter in the space set forth below which will
      constitute your agreement to the foregoing terms.

    

    Sincerely,

     

    Thomas
      E.
      Durkin, III, President

     

    

    

    ACCEPTANCE

     

    Acknowledged
      and agreed this 12th day of November, 2007 by the undersigned.

     

      

    Gryphon
      Master Fund, L.P.

       

      

    By:
      /s/
      Warren W. Garden

    Its:
      Authorized Agent

       

      

    GSSF
      Master Fund, LP

       

    By:
      /s/
      Warren W. Garden

    Its:
      Authorized Agent

    

    
      
         

      

      
        2THE
      SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933 (THE “1933 ACT”) NOR REGISTERED UNDER ANY STATE
      SECURITIES LAWS AND ARE “RESTRICTED SECURITIES” AS THAT TERM IS DEFINED IN RULE
      144, UNDER THE 1933 ACT. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD,OR
      OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
      UNDER THE 1933 ACT, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE
      1933
      ACT THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE
      COMPANY. 

    

    

    AGREEMENT
      FOR THE EXCHANGE OF COMMON STOCK

    

    Agreement
      made this 5th day of November, 2007, by and between SportsQuest, Inc., a
      Delaware corporation, OTCBB SPQS (the “Issuer”), and Javaco, Inc. an Ohio
      corporation (the “Company”), and Judith Vazquez, the shareholder of Company,
      (the “Shareholder”).

    

    In
      consideration of the mutual promises, covenants, and representations contained
      herein, and other good and valuable consideration,

    

    THE
      PARTIES HERETO AGREE AS FOLLOWS:

    

    1.    TERMS. 

    Subject
      to the terms and conditions of this Agreement, the Issuer agrees:

    i.
      that
      the total common shares issued and outstanding of the Issuer at Closing shall
      be
      ______________________ Preferred Series A, and _______________ common shares.
      

     

    ii.
      that
      the Issuer at Closing shall transfer to the Shareholders, One Million Dollars
      ($1,000,000) of common stock of Issuer, $.0001 par value, in exchange for 100%
      of the issued and outstanding shares of Company, such that Company shall become
      a wholly owned subsidiary of the Issuer. The number of common shares of Issuer
      shall be computed by dividing the average closing price of the Issuer shares
      for
      the 5 days prior to closing into the purchase price of $1 million.

     

    In
      addition to the consideration as set forth above, Shareholders will receive
      warrants to purchase common stock of Issuer according to the following schedule:
      100,000 shares at a strike price of $.50 per share expiring 12-31-07, 100,000
      shares at a strike price of $1.00 per share expiring 12-31-08, and 200,000
      shares at a strike price of $1.50 per share expiring 12-31-09.

    

    iii.
      that
      the Issuer requires the Company to .

    	a)  	
            Agree
              to the announcement of the transaction with the SEC on form 8K within
              4
              days of the Closing if applicable.

          

    	b)  	
            Execute
              any and all documentation to reflect the intent of the parties that
              Company become a wholly owned subsidiary of Subsidiary.
              

          

    

    iv.
      that
      this transaction is subject to delivery by the Issuer of all required documents
      pre and post closing to effectuate the transaction 

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    v.
      that
      Issuer shall take all necessary corporate actions so that at closing,
all
      actions required of Issuer will be in accordance with the Bylaws of Issuer.
      

    

    2.REPRESENTATIONS
      OF ISSUER  Issuer
      is
      in good standing under the laws of Delaware, and has all necessary corporate
      powers to own properties and carry on a business, and is duly qualified to
      do
      business and is in good standing in Delaware. All actions taken by the
      incorporators, directors and shareholders of Issuer have been valid and in
      accordance with the laws of the State of Delaware.

    

    	i.  	
            Capital.
              The authorized capital stock of Issuer consists of 1,200,000, shares
              of
              preferred series A stock, $.0001 par value of which __________ Shares
              are
              issued and outstanding, and (98,000,000) shares of common stock, $.0001
              par value, of which _____________ shares are issued and outstanding.
              All
              outstanding shares are fully paid and non-assessable, free of pre-emptive
              rights. At the Closing, there will be no outstanding subscriptions,
              options, rights, warrants, convertible securities, or other agreements
              or
              commitments obligating Issuer to issue or to transfer from treasury
              any
              additional shares of its capital stock, except as may be disclosed
              in the
              Issuer SEC filings. 

          

    

    	ii.  	
            SEC
              Reports.
              Issuer has filed all required forms, reports, statements, schedules
              and
              other documents with the Securities and Exchange Commission (“SEC”) since
              June 30, 2005 (collectively, the “Issuer SEC Reports”). The financial
              statements, including all related notes and schedules, contained in
              the
              Issuer SEC Reports (or incorporated by reference therein) fairly present
              the consolidated financial position of Issuer as at the respective
              dates
              thereof and the consolidated results of operations and cash flows of
              Issuer for the periods indicated in accordance with generally accepted
              accounting principles (“GAAP”) applied on a consistent basis throughout
              the periods involved (except for changes in accounting principles
              disclosed in the notes thereto) and subject in the case of interim
              financial statements to normal year-end adjustments and the absence
              of
              notes. For purposes of this Agreement, the balance sheet of Issuer
              as of
              last filing date, is referred to as the “Issuer Balance Sheet” and the
              date thereof is referred to as the “Issuer Balance Sheet
              Date”.

          

    

    	iii.  	
            Absence
              of Changes.
              Since the Issuer Balance Sheet Date, there has not been any change
              in the
              financial condition or operations of Issuer, except changes in the
              ordinary course of business, which changes have not in the aggregate
              been
              materially adverse to Issuer.

          

    

    	iv.  	
            Liabilities.
              Issuer does not have any debt, liability, or obligation of any nature,
              whether accrued, absolute, contingent, or otherwise, and whether due
              or to
              become due, that is not reflected on the Issuers Balance Sheet. Issuer
              is
              not aware of any pending, threatened, or asserted claims, lawsuits
              or
              contingencies involving Issuer or its common stock. There is no material
              dispute of any kind between Issuer and any third party, and no such
              dispute will exist at Closing not fully disclosed to Company.
              

          

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    	v.  	
            Ability
              to Carry Out Obligations. Issuer
              has the right, power, and authority to enter into and perform its
              obligations under this Agreement. The execution and delivery of this
              Agreement by Issuer and the performance by Issuer of its obligations
              hereunder will not cause, constitute, or conflict with or result in
              (a)
              any breach or violation or any of the provisions of or constitute a
              default under any license, indenture, mortgage, charter, instrument,
              articles of incorporation, bylaw, or other agreement or instrument
              to
              which Issuer is a party, or by which it may be bound, nor will any
              consents or authorizations of any party other than those hereto be
              required, (b) an event that would cause Issuer to be liable to any
              party,
              or (c) an event that would result in the creation or imposition of
              any
              lien, charge, encumbrance on any asset of
              Issuer.

          

    

    	vi.  	
            Full
              Disclosure.
              None of the representations and warranties made by the Issuer in this
              Agreement, contains any untrue statement of a material fact, or omit
              any
              material fact the omission of which would be
              misleading.

          

    

    	vii.  	
            Contract
              and Leases.
              Issuer is currently carrying on its business and is not a party to
              contracts, agreements, or lease other than those items disclosed on
              the
              Issuer Balance Sheet. No person holds a power of attorney from
              Issuer.

          

    

    	viii.  	
            Compliance
              with Laws.
              To
              the best of its knowledge, Issuer has complied with all federal, state,
              and local statutes, laws, and regulations pertaining to Issuer. To
              the
              best of its knowledge, Issuer has complied with all federal and state
              securities laws in connection with the issuance, sale, and distribution
              of
              its securities.

          

    

    	ix.  	
            Litigation.
              Issuer is not (and has not been), except as may be disclosed in the
              Issuers SEC filings, a party to any suit, action, arbitration, or legal,
              administrative, or other proceeding, or pending governmental
              investigation. To the best knowledge of the Issuer, there is no basis
              for
              any such action or proceeding and no such action or proceeding is
              threatened against Issuer, and Issuer is not subject to or in default
              with
              respect to any order, writ, injunction, or decree of any federal, state,
              local, or foreign court, department, agency, or instrumentality. Issuer
              represents and warrants that there are no outstanding judgments, lawsuits
              or material claims against the Issuer as of the date of this
              agreement.

          

    

    	x.  	
            Conduct
              of Business.
              From the Issuer Balance Sheet Date to the Closing, Issuer has conducted
              its business in the normal course, and has not (1) sold, pledged, or
              assigned any assets, other than in the ordinary course of business;
              (2)
              amended its Certificate of Incorporation or ByLaws; (3) declared
              dividends; (4) redeemed or sold stock or other securities; (5) incurred
              any liabilities, other than in the ordinary course of business; (6)
              acquired or disposed of any assets, other than in the ordinary course
              of
              business; (7) entered into any contract, other than in the ordinary
              course
              of business; (8) guaranteed obligations of any third party; or (9)
              entered
              into any other transaction, other than in the ordinary course of
              business.

          

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    	xi.  	
            Documents.
              All minutes, consents, or other documents pertaining to Issuer to be
              delivered at Closing shall be valid and in accordance with the laws
              of the
              State of Delaware.

          

    

    	xii.  	
            Title.
              At
              the Closing all shares issued to Shareholders shall be non-assessable;
              and
              (ii) free and clear of all liens, security interests, pledges, charges,
              claims, encumbrances and restrictions of any kind, except as otherwise
              created by Company and except as pursuant to the Pledge Agreement.
              There
              is no applicable local, state, or federal law, rule, regulation, or
              decree
              which would, as a result of the issuance of the Shares to Shareholders,
              impair, restrict, or delay Shareholders voting rights with respect
              to the
              Issuer Shares.

          

    

    	xiii.  	
            Brokers.
              Issuer has not retained any Broker or finder to which compensation
              would
              be due in connection with this transaction.

          

    

    3.    REPRESENTATIONS
      AND WARRANTIES OF COMPANY. 
      Company represents and warrants to Issuer the following:

    

    	i.  	
            Organization.
              The Company is a corporation duly organized, validly existing, and
              in good
              standing under the laws of Ohio, and it has all necessary corporate
              powers
              to own properties and carry on a business, and is duly qualified to
              do
              business and is in good standing in the jurisdictions where qualification
              is required. All actions taken by the incorporators, directors, and
              stockholders of Company have been valid and in accordance with the
              laws of
              the State of Ohio.

          

    

    	ii.  	
            Capital.
              The authorized capital stock of Company consists of ____________ shares
              of
              common stock, ___ par value, of which ____________ shares are issued
              and
              outstanding (the “Shares”). The Shareholder is the sole record and
              beneficial owner of the Shares and has sole management and dispositive
              power over the Shares. The Shares were validly issued and are fully
              paid,
              non-assessable and free of pre-emptive rights. At Closing, there will
              be
              no outstanding subscriptions, options, rights, warrants, convertible
              securities, or other agreements or commitments obligating the Company
              to
              issue or to transfer from treasury any additional shares of its capital
              stock.

          

    

    	iii.  	
            Financial
              Statements. Within
              5 days of the Closing, Company shall engage its accountant to provide
              an
              audited financial statement for the periods ending 12-31-05 and 12-31-06,
              or such other dates as the Issuer may require, and Company warrants
              that
              its books and records are in auditable form for the required audit
              for the
              Issuer annual report on 10K.

          

    

    	iv.  	
            Absence
              of Changes.
              Since October 31, 2007, there has not been any change in the financial
              condition or operations of Company, except changes in the ordinary
              course
              of business.

          

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    	v.  	
            Liabilities.
              Company does not have any debt, liability, or obligation of any nature,
              whether accrued, absolute, contingent, or otherwise, and whether due
              or to
              become due, that is not reflected on the Financial Statement provided
              to
              Issuer at closing. Company is not aware of any pending, threatened,
              or
              asserted claims, lawsuits or contingencies involving its capital stock.
              

          

    

    	vi.  	
            Ability
              to Carry Out Obligations.
              Company has the right, power, and authority to enter into and perform
              its
              obligations under this Agreement. The execution and delivery of this
              Agreement by Company and the performance by Company of its obligations
              hereunder will not cause, constitute, or conflict with or result in
              (a)
              any breach of violation or any of the provisions of or constitute a
              default under any license, indenture, mortgage, charter, instrument,
              articles of incorporation, bylaw, or other agreement or instrument
              to
              which Company is a party, or by which either of them may be bound,
              nor
              will any consents or authorizations of any party other than those hereto
              be required; (b) an event that would cause Company to be liable to
              any
              party; or (c) an event that would result in the creation or imposition
              of
              any lien, charge, encumbrance on any asset of
              Company.

          

    

    	vii.  	
            Full
              Disclosure.
              None of the representations and warranties made by Company herein contains
              any untrue statement of a material fact, or omits any material fact
              the
              omission of which would be misleading.

          

    

    	viii.  	
            Compliance
              with Laws.
              Company has complied with, and is not in violation of any federal,
              state,
              or local statute, law, and/or regulation pertaining to them. Company
              has
              complied with all federal and state securities laws in connection with
              the
              issuance, sale, and distribution of its
              securities.

          

    

    	ix.  	
            Litigation.
              Company is not (and has never been) a party to any suit, action,
              arbitration, or legal, administrative, or other proceeding, or pending
              governmental investigation. To the best knowledge of Company, there
              is no
              basis for any such action or proceeding and no such action or proceeding
              is threatened against Company, and Company is not subject to or in
              default
              with respect to any order, wit, injunction, or decree of any federal,
              state, local, or foreign court, department, agency, or
              instrumentality.

          

    

    	x.  	
            Conduct
              of Business.
              From October 31, 2007, to the Closing Date, Company has conducted its
              business in the normal course, and has not (1) sold, pledged, or assigned
              any assets other than in the ordinary course of business; (2) amended
              its
              Certificate of Incorporation or Bylaws; (3) declared dividends; (4)
              redeemed or sold stock or other securities except in the ordinary course
              of business; (5) incurred any liabilities not in the ordinary course
              of
              business; (6) acquired or disposed of any assets other than in the
              ordinary course of business; (7) entered into any contract other than
              in
              the ordinary course of business; (8) guaranteed obligations of any
              third
              party; or (9) entered into any other transactions other than in the
              ordinary course of business.

          

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    	xi.  	
            Documents.
              All minutes, consents, or other documents pertaining to Company and
              to be
              delivered by Company to Issuer, are true, complete, and correct, and
              are
              valid and in accordance with applicable
              law.

          

    

    	xii.  	
            Title.
              The Shares to be delivered to Issuer will be, at closing, free and
              clear
              of all liens, security interests, pledges, charges, claims, encumbrances
              and restrictions of any kind. None of the Shares are subject to any
              voting
              trust or agreement. No person holds or has the right to receive any
              proxy
              or similar instrument with respect to the Shares, except as provided
              in
              this Agreement. Company is not a party to any agreement that offers
              or
              grants to any person the right to purchase or acquire any of the Shares.
              There is no applicable local, state, or federal law, rule, regulation,
              or
              decree which would, as a result of the transfer of the Shares to Issuer,
              impair, restrict, or delay Issuer’s voting rights with respect to the
              Shares.

          

    

    	xiii.  	
            Counsel.
              Company and Shareholders represent and warrant that prior to Closing,
              that
              they are represented by independent counsel or have had the opportunity
              to
              retain independent counsel to represent them in this transaction and
              that
              prior to Closing, Counsel for the Company and Shareholders have not
              represented either the Issuer or Issuer’s stockholders in any manner
              whatsoever known to the Company.

          

    

    	xiv.  	
            Brokers.
              Company and/or Shareholder have retained Houlihan Smith for which a
              3%
              commission ($30,000) will become due as a result of the closing of
              this
              transaction. Issuer agrees to pay said commission at closing in shares
              of
              Issuer stock. The number of shares to be paid to Houlihan Smith will
              be
              determined based upon the formula contained in paragraph
              1(ii).

          

    

    	xv.  	
            Conflicts
              of Interests of Issuer
              Company and Shareholder have reviewed and understand the conflicts
              of
              interests, if any, between the Issuer and its officers and directors
              as
              disclosed in the Issuers filings with the SEC, if any.
              

          

    

     

    4.    INVESTMENT
      INTENT. 

    	i.  	
            Restricted
              Shares.
              Shareholders understand that (A) the Issuer Shares Shareholders are
              receiving from Issuer under this Agreement have not been registered
              under
              the Securities Act of 1933, as amended (“the Act”) or the securities laws
              of any state, based upon an exemption from such registration requirements
              pursuant to Section 4(2) of the Act; (B) the Issuer Shares are and
              will be
              “restricted securities”, as said term is defined in Rule 144 of the Rules
              and Regulations promulgated under the Act; and (C) the Issuer Shares
              may
              not be sold or otherwise transferred unless exemptions from such
              registration provisions are available with respect to said resale or
              transfer or the shares have been registered under the
              Act.

          

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    	ii.  	
            Transferability.
              Shareholder will not sell or otherwise transfer any of the Issuer Shares,
              any interest therein unless and until (A) the Issuer Shares shall have
              first been registered under the Act and/or all applicable state securities
              laws; or (B) Shareholder shall have first delivered to Issuer a written
              opinion of counsel, which counsel and opinion (in form and substance)
              shall be reasonably satisfactory to Issuer, to the extent that the
              proposed sale or transfer is exempt from the registration provisions
              of
              the Act and all applicable state securities
              laws.

          

    

    	iii.  	
            Investment
              Intent.
              Shareholder is acquiring the Issuer Shares for Investment purposes
              only,
              without a view for resale or distribution
              thereof.

          

    

    	iv.  	
            Legend.
              Shareholder understands that the certificates representing the Issuer
              Shares will bear the following legend:

          

    

    The
      securities represented by this certificate have not been registered under the
      Securities Act of 1933, as amended, and may not be sold, transferred, further
      pledged, hypothecated or otherwise disposed of in absence of (i) an effective
      registration statement for such securities under said Act or (ii) an opinion
      of
      company counsel that such registration is not required.

    

     

     
v.
      Closing.
      The
      Closing of the share exchange and the transactions contemplated by this
      Agreement (the “Closing”) shall be upon the delivery of all documents and
      certificates required to be delivered by each party to the other. In the event
      this transaction has not closed on or before November 20, 2007, this agreement
      shall become null and void, unless extended by mutual written consent of the
      parties. The Closing is subject to the completion of due diligence by both
      parties to this agreement. 

    

    

    5.    Documents
      to be Delivered at Closing.

    

    	i.  	
            By
              Issuer:

          

    

    	(1)  	
            Resolution
              of the Board of Directors authorizing the issuance of a certificate
              for
              the number of shares to be delivered to Shareholder pursuant to Schedule
              6(i)(1).

          

    

    	(2)  	
            Schedule
              for the number of Issuer shares registered in the name of Shareholder
              pursuant to schedule 6(i)(1).

          

    

    	(3)  	
            Certificate
              for the number of Issuer shares registered in the name of Judith Vasquez
              pursuant to Schedule 6(i)(1).

          

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    	(4)  	
            Such
              other resolutions of Issuer directors as may reasonably be required
              by
              Company and Shareholders.

          

    

    	(5)  	
            Such
              other agreements relating to the transaction as may reasonably be required
              by the Company or Shareholders.

          

    

    	(6)  	
            Certificate
              of Good Standing from the State of
              Delaware.

          

    

    	(7)  	
            Copy
              of the draft 8K to be filed with the SEC.

          

    

    	(8)  	
            Copy
              of a draft press release for review and
              approval.

          

    	 	 

    	(9) 	An employment agreement between the Company.and Judith
            Vazquez on terms acceptable to the company and Judith
            Vazquez.

     

     

    	(9)  	
            By
              Company and Shareholders:

          

    

    	(10)  	
            Delivery
              to the Issuer, certificate evidencing the Shares, and such stock powers
              as
              are required in order to transfer to Issuer good and marketable title
              to
              the Shares.

          

    

    	(11)  	
            Resolution
              by the Board of Directors approving the
              transaction.

          

    

    	(12)  	
            Copies
              of the basic corporate records, Company shall retain all other records
              at
              its current principal address. 

          

    

    	(13)  	
            A
              certificate of good standing from the State of Ohio. Company shall
              convert
              from an S corporation to a C corporation prior to closing and shall
              provide Issuer with any and all documentation to Issuer as requested
              to
              verify said conversion. 

          

    

    	(14)  	
            Such
              other resolutions of Company and Shareholders and/or directors as may
              reasonably be required by Issuer.

          

    

    	(15)  	
            Such
              other agreements relating to the transaction as may reasonably be required
              by the Issuer.

          

    

    7.    ARBITRATION.
      Any
      controversy or claim arising out of, or relating to, this Agreement, or the
      making, performance, or interpretation thereof, shall be settled by arbitration
      in Orlando, Florida in accordance with the Commercial Rules of the American
      Arbitration Association then existing. The arbitrator assigned shall have
      authority and power to decide all arbitratible issues. Judgment on the
      arbitration award may be entered in any court having jurisdiction over the
      subject matter of the controversy. The prevailing party in such claim or
      controversy shall be entitled to recover all costs and expenses of such claim
      or
      controversy, including attorney’s fees from the non-prevailing
      party.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    8.    POST-CLOSING
      AGREEMENTS.

    

    	i.  	
            Further
              Assurances.
              The parties shall execute such further documents and perform such further
              acts, as may be necessary to effect the transactions contemplated hereby,
              on the terms herein contained and otherwise to comply with the terms
              of
              this Agreement, provided, that, except as contemplated by this Agreement,
              no party shall be required to waive any right or incur an obligation
              in
              connection therewith.

          

    

    	ii.  	
            Indemnification
              of Directors and Officers.
              For at least seven (7) years after the Closing Date, Issuer shall (a)
              maintain in effect the current provisions regarding the indemnification
              of
              officers and directors contained in Issuer’s Certificate of Incorporation
              and Bylaws; provided, however, Issuer may adopt new indemnification
              provisions no less favorable than the current provisions as to the
              persons
              who served as directors and officers of Issuer prior to the Closing
              Date;
              and (b) indemnify the persons who served as directors and officers
              of
              Issuer prior to the Closing Date to the fullest extent to which Issuer
              is
              permitted to indemnify such officers and directors under its Certificate
              of Incorporation and ByLaws and applicable law as in effect immediately
              prior to the Closing Date.

          

    

    	iii.  	
            Press
              Release
              Issuer and Shareholders agree that no public announcement of the specifics
              of this transaction or a disclosure of the parties to this agreement
              will
              be made until the 8K filing with the SEC is completed and on record.
              The
              parties hereto agree that they will take steps to insure that this
              provision is adhered to by Issuer and Shareholders principals, employees,
              agents and representatives. 

          

    

    9.    Miscellaneous.

    

    
      	 	
              i.

            	
              Captions
                and Headings.
                The headings throughout this Agreement are for convenience and reference
                only, and shall in no way be deemed to define, limit, or add to the
                meaning of any provision of this
                Agreement.

            

    

    

    
      	 	
              ii.

            	
              No
                Oral Change.
                This Agreement and any provision hereof may not be waived, changed,
                modified, or discharged orally, but only by an agreement in writing
                signed
                by the party against whom enforcement of any waiver, change, modification,
                or discharge is sought.

            

    

    

    
      	 	
              iii.

            	
              Non
                Waiver.
                Except as otherwise expressly provided herein, no waiver of any covenant,
                condition, or provision of this Agreement shall be deemed to have
                been
                made unless expressly in writing and signed by the party against
                whom such
                waiver is charged; and (1) the failure of any party to insist in
                any one
                or more cases upon the performance of any of the provisions, covenants,
                or
                conditions of this Agreement or to exercise any option herein contained
                shall not be construed as a waiver or relinquishment for the future
                of any
                such provisions, covenants, or conditions; (2) the acceptance of
                performance of any thing required by this Agreement to be performed
                with
                knowledge of the breach or failure of a covenant, condition, or provision
                hereof shall not be deemed a waiver of such breach or failure; and
                (3) no
                waiver of any party of one breach by another party shall be construed
                as a
                waiver with respect to any subsequent
                breach.

            

    

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    
      	 	
              iv.

            	
              Time
                of Essence.
                Time is of the essence of this Agreement and of each and every provision
                hereof.

            

    

    

    
      	 	
              v.

            	
              Entire
                Agreement.
                This Agreement contains the entire Agreement and understanding between
                the
                parties hereto, and supersedes all prior agreements and
                understandings.

            

    

    

    
      	 	
              vii.

            	
              Notices.
                All notices, requests, demands, and other communications under this
                Agreement shall be in writing and shall be deemed to have been duly
                given
                on the third day after mailing if mailed to the party to whom notice
                is to
                be given, by first class mail, registered or certified, postage prepaid,
                and properly addressed, and by fax, as
                follows:

            

    

    

    Issuer:
      

    

    R.
      Thomas
      Kidd, CEO

    SportsQuest,
      Inc.

    801
      International Parkway 5th Floor

    Lake
      Mary, Florida 32746 

     

        

    Company
      and Shareholder:

    

    Judith
      Vazquez, President

    Javaco,
      Inc.

    

     

    

    
      	 	
              vi.

            	
              Counterparts.
                This Agreement may be executed simultaneously in one or more counterparts,
                each of which shall be deemed an original, but all of which together
                shall
                constitute one and the same
                instrument.

            

    

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    

    IN
      WITNESS WHEREOF, the undersigned has executed this Agreement this 5th day of
      November, 2007.

    

     

    
      
        	
                Javaco,
                  Inc.

              	 	 	
                SportsQuest,
                  Inc.

              
	 	 	 	 
	 	 	 	 
	By:
                ___________________________________	 	 	By:
                _________________________________
	
                Its
                  President

              	 	 	
                Its
                  CEO

              
	 	 	 	 

      

    

     

    SHAREHOLDER:
      

    

     

      

    

    ___________________________

    Judith
      Vazquez 

     

     

    
      
         

      

      
        11

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