Document:

Converted by EDGARwiz

EXHIBIT 10.1

NEITHER THIS NOTE NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE.  THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

CONVERTIBLE NOTE

		
	Issuance Date: October 8, 2015

	Original Principal Amount: $53,000

	Note No. 1

	Consideration Paid at Close:   $50,000

FOR VALUE RECEIVED, FORCE PROTECTION VIDEO EQUIPMENT CORP., a Florida corporation with a par value of $0.001 per common share (“Par Value”) (the "Company"), hereby promises to pay to the order of Black Forest Capital, LLC or registered assigns (the "Holder") the amount set out above as the Original Principal Amount (as reduced pursuant to the terms hereof pursuant to redemption, conversion or otherwise, the "Principal") when due, whether upon the Maturity Date (as defined below), acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest ("Interest") on any outstanding Principal at the applicable Interest Rate from the date set out above as the Issuance Date (the "Issuance Date") until the same becomes due and payable, upon the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance with the terms hereof).

The Original Principal Amount is $53,000 (fifty-three thousand dollars) plus accrued and unpaid interest and any other fees. The Consideration is $50,000 (fifty thousand dollars) payable by wire transfer. The Holder shall pay $50,000 of Consideration upon closing of this Note, thereby withholding $3,000 for legal and due diligence fees. For purposes hereof, the term “Outstanding Balance” means the Original Principal Amount, as reduced or increased, as the case may be, pursuant to the terms hereof for conversion, breach hereof or otherwise, plus any accrued but unpaid interest, collection and enforcements costs, and any other fees, penalties, damages or charges incurred under this Note.

(1)

GENERAL TERMS

(a)

Payment of Principal.  The "Maturity Date" shall be one year from the date of investment of Consideration, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended 

pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default. 

(b)

Interest.  This Note shall accrue interest at the rate of ten percent (10%) per annum from the date hereof until paid in full.  Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed. Accrual of interest shall commence on the first business day to occur after the Issue Date and continue until payment in full of the Principal Amount has been made or duly provided for.

(c)

Security.  This Note shall not be secured by any collateral or any assets pledged to the Holder.

(2)

EVENTS OF DEFAULT. 

(a)

An “Event of Default”, wherever used herein, means any one of the following events (whatever the reason and whether it shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or regulation of any administrative or governmental body):

(i)

The Company's failure to pay to the Holder any amount of Principal, Interest, or other amounts when and as due under this Note (including, without limitation, the Company's failure to pay any redemption payments or amounts hereunder) or any other Transaction Document; 

(ii)

A Conversion Failure as defined in section 3(b)(ii)

(iii)

The Company or any subsidiary of the Company shall commence, or there shall be commenced against the Company or any subsidiary of the Company under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Company or any subsidiary of the Company commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or any subsidiary of the Company or there is commenced against the Company or any subsidiary of the Company any such bankruptcy, insolvency or other proceeding which remains undismissed for a period of sixty one (61) days; or the Company or any subsidiary of the Company is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or the Company or any subsidiary of the Company suffers any appointment of any custodian, private or court appointed receiver or the like for it or any substantial part of its property which continues undischarged or unstayed for a period of sixty one (61) days; or the Company or any subsidiary of the Company makes a general assignment for the benefit of creditors; or the Company or any subsidiary of the Company shall fail to pay, or shall state that it is unable to pay, or shall be unable to pay, its debts generally as they become due; or the Company or any subsidiary of the Company shall call a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or the Company or any subsidiary of the Company shall by any act or failure to act expressly indicate its consent to, approval of or acquiescence in any of the foregoing; or any corporate or other action is taken by the Company or any subsidiary of the Company for the purpose of effecting any of the foregoing;

2

(iv)

The Company or any subsidiary of the Company shall default in any of its obligations under any other Note or any mortgage, credit agreement or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued, or by which there may be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring arrangement of the Company or any subsidiary of the Company in an amount exceeding $100,000, whether such indebtedness now exists or shall hereafter be created; and

(v)

The Common Stock is suspended or delisted from trading on the Over the OTCQB Venture Marketplace or OTCPink Open Marketplace (the “Primary Market”). 

(vi)

The Company loses its ability to deliver shares via “DWAC/FAST” electronic transfer.

(vii)

The Company loses its status as “DTC Eligible.”

(viii)

The Company shall become late or delinquent in its filing requirements as a fully-reporting issuer registered with the Securities & Exchange Commission.

(b)

Upon the occurrence of any Event of Default, the Outstanding Balance shall immediately increase to 140% of the Outstanding Balance immediately prior to the occurrence of the Event of Default (the “Default Effect”). The Default Effect shall automatically apply upon the occurrence of an Event of Default without the need for any party to give any notice or take any other action.

(3)

CONVERSION OF NOTE.

This Note shall be convertible into shares of the Company's Common Stock, on the terms and conditions set forth in this Section 3.

(a)

Conversion Right.  Subject to the provisions of Section 3(c), at any time or times on or after the Issuance Date, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below) into fully paid and nonassessable shares of Common Stock in accordance with Section 3(b), at the Conversion Price (as defined below).  The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 3(a) shall be equal to the quotient of dividing the Conversion Amount by the Conversion Price. The Company shall not issue any fraction of a share of Common Stock upon any conversion.  If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up to the nearest whole share.  The Company shall pay any and all transfer agent fees, legal fees, costs and any other fees or costs that may be incurred or charged in connection with the issuance of shares of the Company’s Common Stock to the Holder arising out of or relating to the conversion of this Note. 

(i)

"Conversion Amount" means the portion of the Original Principal Amount and Interest to be converted, plus any penalties, redeemed or otherwise with respect to which this determination is being made.

(ii)

"Conversion Price" shall be equal to 40% of the lowest Trading Price of the Company’s common stock during the 20 consecutive trading days 

3

prior to the date on which Holder elects to convert all or part of the Note.  If the Company is placed on “chilled” status with the Depository Trust Company (“DTC”), the discount shall be increased by 10% until such chill is remedied. If the Company is not Deposits and Withdrawal at Custodian (“DWAC”) eligible through their Transfer Agent and the Depository Trust Company’s (“DTC”) Fast Automated Securities Transfer (“FAST”) system, the discount will be increased by 10%. In the case of both, the discount shall be a cumulative 20%.  “Trading Price” means, for any security as of any date, any trading price on the OTC Markets, or other applicable trading market (the “OTCPink”) as reported by a reliable reporting service (“Reporting Service”) mutually acceptable to Maker and Holder (i.e. Bloomberg) or, if the OTCPink is not the principal trading market for such security, the volume weighted average price of such security on the principal securities exchange or trading market where such security is listed or traded. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCPink, or on the principal securities exchange or other securities market on which the Common Stock is then being traded.

(b)

Mechanics of Conversion.

(i)

Optional Conversion.  To convert any Conversion Amount into shares of Common Stock on any date (a "Conversion Date"), the Holder shall (A) transmit by email, facsimile (or otherwise deliver), for receipt on or prior to 11:59 p.m., New York, NY Time, on such date, a copy of an executed notice of conversion in the form attached hereto as Exhibit A (the "Conversion Notice") to the Company. On or before the third Business Day following the date of receipt of a Conversion Notice (the "Share Delivery Date").

(ii)

Company's Failure to Timely Convert.  If within three (3) Trading Days after the Company's receipt of the facsimile or email copy of a Conversion Notice the Company shall fail to issue and deliver to Holder via “DWAC/FAST” electronic transfer the number of shares of Common Stock to which the Holder is entitled upon such holder's conversion of any Conversion Amount (a "Conversion Failure"), the Original Principal Amount of the Note shall increase by $1,000 per day until the Company issues and delivers a certificate to the Holder or credit the Holder's balance account with DTC for the number of shares of Common Stock to which the Holder is entitled upon such holder's conversion of any Conversion Amount (under Holder’s and Company’s expectation that any damages will tack back to the Issuance Date). Company will not be subject to any penalties once its transfer agent processes the shares to the DWAC system. If the Company fails to deliver shares in accordance with the timeframe stated in this Section, resulting in a Conversion Failure, the Holder, at any time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Outstanding Balance with the rescinded conversion shares returned to the Company (under Holder’s and Company’s expectations that any returned conversion amounts will tack back to the original date of the Note).

(iii)

DTC Eligibility. If the Company fails to maintain its status as “DTC Eligible” for any reason, the Principal Amount of the Note shall increase by two thousand dollars ($2,000) (under Holder’s and Company’s expectation that any Principal Amount increase will tack back to the Issuance Date).

4

(iv)

Book-Entry. Notwithstanding anything to the contrary set forth herein, upon conversion of any portion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Company unless (A) the full Conversion Amount represented by this Note is being converted or (B) the Holder has provided the Company with prior written notice (which notice may be included in a Conversion Notice) requesting reissuance of this Note upon physical surrender of this Note.  The Holder and the Company shall maintain records showing the Principal and Interest converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Company, so as not to require physical surrender of this Note upon conversion.

(c)

Limitations on Conversions or Trading.

(i)

Beneficial Ownership.  The Company shall not effect any conversions of this Note and the Holder shall not have the right to convert any portion of this Note or receive shares of Common Stock as payment of interest hereunder to the extent that after giving effect to such conversion or receipt of such interest payment, the Holder, together with any affiliate thereof, would beneficially own (as determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares as payment of interest.   Since the Holder will not be obligated to report to the Company the number of shares of Common Stock it may hold at the time of a conversion hereunder, unless the conversion at issue would result in the issuance of shares of Common Stock in excess of 4.99% of the then outstanding shares of Common Stock without regard to any other shares which may be beneficially owned by the Holder or an affiliate thereof, the Holder shall have the authority and obligation to determine whether the restriction contained in this Section will limit any particular conversion hereunder and to the extent that the Holder determines that the limitation contained in this Section applies, the determination of which portion of the principal amount of this Note is convertible shall be the responsibility and obligation of the Holder.  If the Holder has delivered a Conversion Notice for a principal amount of this Note that, without regard to any other shares that the Holder or its affiliates may beneficially own, would result in the issuance in excess of the permitted amount hereunder, the Company shall notify the Holder of this fact and shall honor the conversion for the maximum principal amount permitted to be converted on such Conversion Date in accordance with Section 3(a) and, any principal amount tendered for conversion in excess of the permitted amount hereunder shall remain outstanding under this Note. The provisions of this Section may be waived at any time by Holder upon written notification to the Company.

(ii)

Capitalization.  So long as this Note is outstanding, upon written request of the Holder, the Company shall furnish to the Holder the then-current number of common shares issued and outstanding, the then-current number of common shares authorized, and the then-current number of shares reserved for third parties.

(d)

Other Provisions.

(i)

Share Reservation.

The Company will at all times reserve a sufficient number of shares to provide for the issuance of Common Stock for conversion. Within 3 (three) Business Days following the receipt by the Company of a 

5

Holder's notice that such minimum number of Underlying Shares is not so reserved, the Company shall promptly reserve a sufficient number of shares of Common Stock to comply with such requirement. 

(ii)

Prepayment.

At any time within the 180 day period immediately following the Issuance Date, the Company shall have the option, upon 10 (ten) business days’ notice to Holder, to pre-pay the entire remaining outstanding principal amount of this Note in cash at an amount equal to such remaining outstanding principal plus accrued interest multiplied by 135%. At any time following the 180 day period immediately following the Issuance Date, the Company shall have no right to pre-pay any amount of this Note.

(iii)

All calculations under this Section 3 shall be rounded up to the nearest $0.00001 or whole share.

(iv)

Nothing herein shall limit a Holder's right to pursue actual damages or declare an Event of Default pursuant to Section 2 herein for the Company's failure to deliver certificates representing shares of Common Stock upon conversion within the period specified herein and such Holder shall have the right to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief, in each case without the need to post a bond or provide other security. The exercise of any such rights shall not prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law. 

(4)

REISSUANCE OF THIS NOTE.

(a)

Assignability. The Company may not assign this Note.  This Note will be binding upon the Company and its successors and will inure to the benefit of the Holder and its successors and assigns and may be assigned by the Holder to anyone of its choosing without Company’s approval. 

(b)

Lost, Stolen or Mutilated Note.  Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the Company in customary form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute and deliver to the Holder a new Note representing the outstanding Principal.

(5)

NOTICES.

Any notices, consents, waivers or other communications required or permitted to be given under the terms hereof must be in writing and will be deemed to have been delivered:  (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party) (iii) upon receipt, when sent by email; or (iv) one (1) Trading Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same.  The addresses and facsimile numbers for such communications shall be those set forth in the communications and documents that each party has provided the other immediately preceding the issuance of this Note or at such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each other party three (3) 

6

Business Days prior to the effectiveness of such change.  Written confirmation of receipt (i) given by the recipient of such notice, consent, waiver or other communication, (ii) mechanically or electronically generated by the sender's facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or (iii) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

The addresses for such communications shall be:

If to the Company, to:

Force Protection Video Equipment Corp.

140 Iowa Lane

Suite 101

Cary, NC  27511

Attention: Paul Feldman

If to the Holder:

Black Forest Capital, LLC

555 Madison Avenue

5th Floor

New York, NY 10022

Attention: Black Forest Capital, LLC

(6)

APPLICABLE LAW AND VENUE. This Note shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to conflicts of laws thereof.  Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in New York, in the State of New York. Both parties and the individuals signing this Agreement agree to submit to the jurisdiction of such courts.

(7)

WAIVER.  Any waiver by the Holder of a breach of any provision of this Note shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Note. The failure of the Holder to insist upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon 

7

strict adherence to that term or any other term of this Note. Any waiver must be in writing.

[Signature Page Follows]

8

IN WITNESS WHEREOF, the Company has caused this Convertible Note to be duly executed by a duly authorized officer as of the date set forth above.

				
	 
	COMPANY:

	 

	 
	Force Protection Video Equipment Corp.

	 

	 
	 
	 

	 
	

By:

	 

	 
	

Name:

	 

	 
	

Title:

	 

	 
	 

HOLDER:

Black Forest Capital, LLC.

By:

Name: 

Title: Authorized Signerols_ex101.htm

EXHIBIT 10.1
   
  ASSET PURCHASE AGREEMENT
   
  THIS AGREEMENT made the 29th day of September, 2015
   
  AMONG:
   
  ONLINE SECRETARY, INC. a Nevada corporation with registered address at 112 North Curry Street, Carson City, 89703-4934
   
  (herein called “the Purchaser”)
   
  OF THE FIRST PART
   
  AND:
   
  SHARKREACH, INC., a Nevada corporation having an office at Suite 100, 1219 Morningside Drive, Manhattan Beach California, USA 90266 
   
  (herein called “the Seller”)
   
  OF THE SECOND PART
   
  WHEREAS:
   
    	A. 	  The Seller is the owner to certain assets, software (Source Code and Object Code), Client Lists, Goodwill and Media;

		
	B. 	  Prior to the date hereof, the Purchaser conducted business as an online secretarial services company;

		
	C. 	  The Seller has agreed to sell, and the Purchaser to purchase, all the Seller’s Assets as set out herein subject to the terms and conditions herein provided.

   
  NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises and the covenants, Agreements, representations, warranties and payments hereinafter contained, the parties hereto covenant and agree as follows:
   
  1.00 PURCHASE AND SALE OF ASSETS
   
  1.01 Upon the terms and subject to the conditions hereof, the Seller agrees to sell, assign and transfer to the Purchaser, and the Purchaser agrees to purchase from the Seller, at the time of closing, the undertaking, the Seller’s business concept, model and idea, the going concern of the Vender’s Business and all the Assets of the Seller's Business including, but without limiting the foregoing:
   
  	 
	1

	  

	 

   
    	(a) 	  The Chattels, Equipment, Business, and Intellectual Property as set out in Schedule “A”;

		
	(b) 	  All right and interest of the Seller to all registered and unregistered trade marks, trade or brand names, copy-rights, designs, restrictive covenants and other industrial or intellectual property used in connection with the Seller's Business including but without limiting the generality of the foregoing, the rights to the business idea, the client lists, network, Influencers, and business relationships source codes set out in Schedule “A” (the "Intangible Property")

		
	(c) 	  The goodwill of the Seller's Business and the right of the Purchaser to represent itself as carrying on the Seller's Business in continuation of and in succession to the Seller and the right to use the name "SHARKREACH" or any variation thereof as part of or in connection with the Seller's Business; all of which are collectively called the "Assets".

   
  1.02 Purchaser expressly understands and agrees that it is not purchasing or acquiring, and Seller is not selling or assigning, any of the following assets, properties or rights of Seller (the “Excluded Assets”), and all such Excluded Assets shall be excluded from the Assets: (a) the assets listed under the heading “Excluded Assets” on Schedule “A” and (b) the rights which accrue or will accrue to Seller under this Agreement and the other agreements being executed in connection herewith.
   
  2.00 PURCHASE PRICE; ALLOCATION; NON-ASSIGNABLE ASSETS
   
  2.01 The purchase price payable by the Purchaser to the Seller for the Assets and the Assumed Liabilities shall be 24,750,000 shares of the Purchaser’s common stock, par value $0.01 (U.S.) (the “Sale Shares”), issued by the Purchaser to the Seller, as set out herein.
   
  2.02 Purchaser and Seller shall in good faith agree upon the allocation of the purchase price among the Assets in accordance with the principles of Section 1060 of the Internal Revenue
   
  Code of 1986, as amended (the “Code”), and the U.S. Treasury regulations thereunder (the “Purchase Price Allocation”) prior to or no later than sixty (60) days following the Closing. Any subsequent adjustments to the purchase price shall be reflected in the Purchase Price Allocation in a manner consistent with Section 1060 of the Code and the regulations thereunder. Purchaser and Seller (i) shall execute and file their respective tax returns in a manner consistent with the allocation as finally determined pursuant to this Section 2.02 and (ii) shall not take any position before any governmental authority or in any judicial proceeding that is inconsistent with such allocation. Seller and Purchaser shall each timely file a Form 8594 with the U.S. Internal Revenue Service in accordance with the requirements of Section 1060 of the Code.
   
  2.03 Notwithstanding anything to the contrary in this Agreement, and subject to the provisions of this Section 2.07, to the extent that the sale, assignment, transfer, conveyance or delivery, or attempted sale, assignment, transfer, conveyance or delivery, to Purchaser of any Asset would result in a violation of applicable law, or would require the consent, authorization, approval or waiver of any person or entity (a “Person”) who is not a party to this Agreement or an affiliate of a party to this Agreement (including any governmental authority), and such consent, authorization, approval or waiver shall not have been obtained prior to the Closing, this Agreement shall not constitute a sale, assignment, transfer, conveyance or delivery, or an attempted sale, assignment, transfer, conveyance or delivery, thereof; provided, however, that the Closing shall occur notwithstanding the foregoing without any adjustment to the purchase price on account thereof. Following the Closing, Seller and Purchaser shall use commercially reasonable efforts, and shall cooperate with each other, to obtain any such required consent, authorization, approval or waiver, or any release, substitution or amendment required to novate all liabilities and obligations under any and all agreements of Seller included in the Assets or to obtain in writing the unconditional release of all parties to such arrangements, so that, in any case, Purchaser shall be solely responsible for such liabilities and obligations from and after the Closing Date; provided, however, that neither Seller nor Purchaser shall be required to pay any consideration therefor. Once such consent, authorization, approval, waiver, release, substitution or amendment is obtained, Seller shall sell, assign, transfer, convey and deliver to Purchaser the relevant Asset to which such consent, authorization, approval, waiver, release, substitution or amendment relates for no additional consideration.
   
  	 
	2

	  

	 

   
  3.00 PAYMENT OF THE PURCHASE PRICE; LOCK-UP
   
  3.01 The purchase price shall be paid and satisfied in the following manner:
   
    		(a) 	  Purchaser shall deliver a certificate (or certificates) (each, a “Stock Certificate”) representing the Sale Shares to the Seller as fully paid-up.

   
  3.02 Should any change be made to the capital stock of the Purchaser by reason of any stock split or combination of shares by way of share rollback, then appropriate adjustments shall be made to the total number of Sale Shares, however, such change shall preclude a dilution or enlargement to the value of Sale Shares issued.
   
  3.03 All Sale Shares shall be subject to the following lock-up restrictions (prohibiting selling any shares of stock) during the 24 months following the Closing: (a) all such shares will be locked up until 12 months after Closing, and (b) for the 12 months thereafter, shareholders shall only be permitted to sell up to 1/12th of their shareholdings per month only at prices greater than $0.25 per share. All lock-up restrictions shall be removed after 24 months.
   
  4.00 NAME CHANGES
   
  Upon closing of this transaction: (a) Purchaser shall cause its name to be changed to “SHARKREACH CORP.” or other such name as acceptable to the Board of Directors of both Purchaser and Seller and (b) Seller shall cause its name to be changed to SRI Seller Inc. or other such name as acceptable to the Board of Directors of both Purchaser and Seller.
   
  	 
	3

	  

	 

   
  5.00 REPRESENTATIONS AND WARRANTIES OF THE SELLER
   
  The Seller represents and warrants to the Purchaser as follows as of the Closing, with the intent that the Purchaser shall rely thereon in entering into this Agreement, and in concluding the purchase and sale contemplated herein.
   
  5.01 Status of the Seller 
   
  The Seller is a corporation duly incorporated, validly existing and in good standing under the laws of Nevada, and has the power and capacity to own and dispose of the Assets and to carry on the Seller's Business as now being conducted by it and to enter into this agreement and carry out its terms to the full extent.
   
  5.02 Authority to sell 
   
  The execution and delivery of the Agreement and the completion of the transactions contemplated hereby has been duly and validly authorized by all necessary corporate action on the part of the Seller, and this Agreement constitutes a legal, valid and binding obligation of the Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).
   
  5.03 Sale will not cause default 
   
  To Seller’s knowledge, neither the execution and delivery of this Agreement, nor the completion of the transactions contemplated herein will:
   
    		(a) 	  Violate any of the terms and provisions of the bylaws, articles of incorporation or other organizational documents of the Seller, or any order, decree, statute, regulation, covenant or restriction applicable to the Seller or any of the Assets; or

			
		(b) 	  Give any person the right to terminate, cancel or remove any of the Assets, save to the extent the consent of third parties is required to assign the contracts;

   
  5.04 Assets 
   
  The Seller owns and possesses and has a good and marketable title to the Assets free and clear of all mortgages, liens, charges, pledges, security interest, encumbrances or other claims whatsoever (collectively, “Encumbrances”). The Seller owns and possesses, inter alia, the rights to the source and object codes, if any, as set out in Schedule “A” free and clear of any and all Encumbrances.
   
  	 
	4

	  

	 

   
  5.05 Litigation 
   
  There is no action, lawsuit, litigation, order, decree, unsatisfied judgment, penalty, award or administrative or governmental proceeding or inquiry (collectively, “Actions”) pending or, to the knowledge of the Seller, threatened against or relating to the Assets, nor does the Seller know of or have reasonable grounds for believing that there is any basis for any such Action.
   
  5.06 Compliance with laws 
   
  Seller is in compliance with all Laws (as defined below) applicable to the conduct of the Seller’s Business as currently conducted or the ownership and use of the Assets, except where the failure to be in compliance would not have a material adverse effect.
   
  As used herein, “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.
   
  5.07 Contracts.
   
  Schedule “A” sets forth each contract, agreement, undertaking or other arrangement to which Seller is a party or by which it is bound. Seller is not in breach of, or default under, any such contract, agreement, undertaking or other arrangement, except as would not be reasonably expected to have a material adverse effect on Seller’s Business. Seller will cause Parties to contracts to agree any assignment.
   
  5.08 General 
   
    		(a) 	  The Seller is not a “foreign person” as defined in Section 1445 of the Code;

			
		(b) 	  The Seller owns and has the right to sell the items listed in Schedule “A”;

			
		(c) 	  The Assets agreed to be bought and sold are sold free and clear of all Encumbrances;

			
		(d) 	  The Client List and Sale Pipeline is up to date and current;

			
		(e) 	  Until the Closing Date, Seller shall not, without the written consent of Purchaser, dispose of or encumber any of the assets or property to be sold hereunder, with the exception of any transactions occurring in the ordinary course of Seller’s Business. The undertaking and assets agreed to be bought and sold will not be adversely affected in any material respect in any way, and Seller will not do anything before or after closing to prejudice the Goodwill.

   
  5.09 Taxes.
   
  Except as would not have a material adverse effect, Seller has filed (taking into account any valid extensions) all material tax returns with respect to Seller’s Business required to be filed by Seller and has paid all taxes shown thereon as owing. All taxes which Seller has been required to collect or withhold have been duly collected or withheld and, to the extent required, have been or will be duly paid to the proper governmental authority as and when due. Seller is not currently the beneficiary of any extension of time within which to file any material tax return other than extensions of time to file tax returns obtained in the ordinary course of business.
   
  	 
	5

	  

	 

   
  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 contemplated by this Agreement or any other transaction document based upon arrangements made by or on behalf of Seller.
   
  6.00 COVENANTS OF THE PARTIES
   
  6.01 Delivery of Assets 
   
  The Seller agrees to deliver the Assets to the Purchaser on the Closing Date at the offices of Sharkreach, Inc., in Manhattan Beach, California.
   
  6.02 Insurance 
   
  From the date hereof until the time of receipt of the Assets by the Purchaser, the Seller will maintain in full force and effect the policies of insurance in respect of the Assets to the extent any such policies existed immediately prior to the date hereof, and will otherwise preserve and safeguard the Assets.
   
  6.03 Procure Consents 
   
  The Seller shall diligently take all reasonable steps required to obtain prior to the time of Closing, all consents to the assignment of the contracts and other of the Assets for which a consent is required.
   
  6.04 Bulk Sales 
   
  The parties hereby waive compliance with the provisions of any bulk sales, bulk transfer or similar laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Assets to Purchaser.
   
  6.05 Transfer Taxes.
   
  All transfer, documentary, sales, use, stamp, registration, value added and other similar taxes and fees (including any penalties and interest) incurred in connection with this Agreement and the other transaction documents contemplated hereby shall be borne and paid by Purchaser when due. Purchaser shall, at its own expense, timely file any tax return or other document with respect to such taxes or fees (and Seller shall cooperate with respect thereto as necessary).
   
  7.00 REPRESENTATION AND WARRANTIES OF PURCHASER
   
  The Purchaser represents and warrants to the Seller as follows as of the Closing, with the intent that the Seller shall rely thereon in entering into this Agreement, and in concluding the purchase and sale contemplated herein.
   
  	 
	6

	  

	 

   
  7.01 Status of Purchaser 
   
  The Purchaser is a corporation duly incorporated, validly existing and in good standing under the laws of Nevada, USA and has the power and capacity to enter into this Agreement and carry out its terms.
   
  7.02 Authority to Purchase 
   
  The execution and delivery of this Agreement and the completion of the transactions contemplated hereby has been duly and validly authorized by all necessary corporate action on the part of the Purchaser and this Agreement constitutes a legal, valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).
   
  7.03 Consents 
   
  To each Purchaser’s knowledge, neither the execution and delivery of this Agreement, nor the completion of the transactions contemplated herein will violate (a) any of the terms and provisions of the bylaws, articles of incorporation or other organizational documents of Purchaser, or (b) any order, decree, statute, agreement, regulation, covenant or restriction applicable to Purchaser.
   
  7.04 Shares 
   
    		(a) 	  All issued and outstanding shares of Purchaser’s capital stock, including the Sale Shares to be issued to Seller at Closing, have been duly authorized, validly issued and are fully paid and nonassessable. None of the shares of Purchaser’s capital stock were issued in violation of the Purchaser’s articles of organization or bylaws or any agreement or in violation of the preemptive rights of any Person.

			
		(b) 	  Schedule “D” hereto contains a table setting forth Purchaser’s capitalization immediately following the issuance to Seller of the Sale Shares. Except as set forth on Schedule “D” and except with respect to the debentures described in Article XII below: (i) there are no outstanding or authorized warrants, options, subscriptions, convertible or exchangeable securities or other agreements pursuant to which the Purchaser is or may become obligated to issue or sell any capital securities; (ii) there are no outstanding or authorized share appreciation, phantom stock or similar rights with respect to the Purchaser; and (iii) no Person has any right to vote any of the shares of capital stock issued by Purchaser.

			
		(c) 	  The Purchaser shall, at the Closing Date, have 45,000,000 shares of capital stock of all classes issued or outstanding, inclusive of all securities issued under this Agreement.

   
  	 
	7

	  

	 

   
  7.05 Litigation 
   
  There is no Action pending or, to the knowledge of Purchaser, threatened against or relating to the Purchaser, nor does Purchaser know of or have reasonable grounds for believing that there is any basis for any such Action.
   
  7.06 Compliance with laws 
   
  Purchaser is in compliance with all Laws applicable to the conduct of the Purchaser’s business as currently conducted and as proposed to be conducted following the Closing, including all securities laws, except where the failure to be in compliance would not have a material adverse effect.
   
  7.07 Financial Statements.
   
  Copies of the audited financial statements consisting of the Purchaser’s balance sheet as at September 30 in each of the fiscal years 2013 and 2014 and the related statements of profit and loss for the fiscal years then ended (the “Financial Statements”) have been delivered or made available to Seller. The Financial Statements fairly present in all material respects the financial condition of the Purchaser as of the respective dates they were prepared and the results of the operations of the Purchaser for the periods indicated. The latest available balance sheet of the Purchaser as of March 31, 2015 is referred to herein as the “Balance Sheet” and the date thereof as the “Balance Sheet Date.” Purchaser has no liabilities that are required to be reflected on a balance sheet prepared in accordance with GAAP, except for (a) liabilities disclosed, reflected or reserved against on the Financial Statements, (b) liabilities incurred since the Balance Sheet Date in the ordinary course of business, (c) the debentures described in Article XII below, and (d) liabilities arising under this Agreement. From the Balance Sheet Date until the Closing Date, Purchaser has operated its business in the ordinary course of business in all material respects and there has not been any material adverse change in the financial condition, operations or business of Purchaser taken as a whole from that shown on the Balance Sheet, or any material transaction or commitment effected or entered into by Purchaser outside the ordinary course of business (except with respect to those transactions contemplated by this Agreement and the other transaction documents related hereto).
   
  7.08 Contracts.
   
  There are no contracts, agreements, undertakings or other arrangements to which Purchaser is a party or by which it is bound. Purchaser is not in breach of, or default under, any such contract, agreement, undertaking or other arrangement, except as would not be reasonably expected to have a material adverse effect on Purchaser.
   
  7.09 Assets 
   
  The Purchaser owns and possesses and has a good and marketable title to its assets free and clear of all Encumbrances.
   
  	 
	8

	  

	 

   
  7.10 Taxes.
   
  Except as would not have a material adverse effect, Purchaser has filed (taking into account any valid extensions) all material tax returns with respect to Purchaser required to be filed by it and has paid all taxes shown thereon as owing. All taxes which Purchaser has been required to collect or withhold have been duly collected or withheld and, to the extent required, have been or will be duly paid to the proper governmental authority as and when due. Purchaser is not currently the beneficiary of any extension of time within which to file any material tax return other than extensions of time to file tax returns obtained in the ordinary course of business.
   
  7.11 Employees; Benefit Plans 
   
  Immediately prior to the Closing, Purchaser does not employ any Persons. Purchaser has not established or maintained any employee benefit plans at any time from its inception through and including the Closing Date.
   
  7.12 Brokers.
   
  No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement or any other transaction document based upon arrangements made by or on behalf of Purchaser.
   
  8.00 SURVIVAL; INDEMNIFICATION
   
  8.01 Survival.
   
  All representations and warranties made by the parties to this Agreement or pursuant hereto shall, unless otherwise expressly stated be and remain true at Closing and shall, survive for twelve (12) months following the time of Closing. None of the covenants or other agreements contained in this Agreement shall survive the Closing Date other than those which by their terms contemplate performance after the Closing Date, and each such surviving covenant and agreement shall survive the Closing for the period contemplated by its terms.
   
  8.02 Indemnification By Seller.
   
  Subject to the other terms and conditions of this Article VIII, from and after the Closing, Seller shall indemnify Purchaser, its affiliates (including Parent) and its and their stockholders, officers, directors, employees, agents and representatives (other than Seller and its shareholders) and their respective successors and assigns (collectively, the “Purchaser Indemnitees”) against, and shall hold the Purchaser Indemnitees harmless from and against, any and all actual out-of-pocket losses, damages, liabilities, costs or expenses, including reasonable attorneys’ fees (“Losses”) incurred or sustained by, or imposed upon, the Purchaser Indemnitees based upon, arising out of, with respect to or by reason of:
   
    		(a) 	  any inaccuracy in or breach of any of the representations or warranties of Seller contained in this Agreement or the other transaction documents related hereto;

			
		(b) 	  any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Seller pursuant to this Agreement or the other transaction documents related hereto; or

			
		(c) 	  any Excluded Asset.

   
  	 
	9

	  

	 

   
  8.03 Indemnification By Purchaser.
   
  Subject to the other terms and conditions of this Article VIII, from and after the Closing, Purchaser shall indemnify Seller, its affiliates and its and their members, stockholders, officers, directors, managers, employees, agents and representatives and their respective successors and assigns (collectively, the “Seller Indemnitees”) against, and shall hold the Seller Indemnitees harmless from and against, any and all Losses incurred or sustained by, or imposed upon, the Seller Indemnitees based upon, arising out of, with respect to or by reason of:
   
    		(a) 	  any inaccuracy in or breach of any of the representations or warranties of Purchaser contained in this Agreement or the other transaction documents related hereto;

			
		(b) 	  any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Purchaser pursuant to this Agreement or the other transaction documents related hereto; or

			
		(c) 	  any Assumed Liability.

   
  8.04 Certain Limitations.
   
  The party making a claim under this Article VIII is referred to as the “Indemnified Party”, and the party against whom such claims are asserted under this Article VIII is referred to as the “Indemnifying Party”. The indemnification provided for in Section 8.02 and Section 8.03 shall be subject to the following limitations:
   
    		(a) 	  The aggregate amount of all Losses for which an Indemnifying Party shall be liable pursuant to Section 8.02(a) or Section 8.03(a), as the case may be, shall not exceed the value of the Sale Shares (as measured at the time such claim is made). For the avoidance of doubt, Seller may in its sole and absolute discretion satisfy the amount of any such claim pursuant to the forfeiture and cancellation of the number of Sale Shares equivalent to the dollar value of such claim.

			
		(b) 	  Payments by an Indemnifying Party pursuant to Section 8.02(a) or Section 8.03(a) in respect of any Loss shall be limited to the amount of any liability or damage that remains after deducting therefrom any insurance proceeds and any indemnity, contribution or other similar payment received or reasonably expected to be received by the Indemnified Party in respect of any such claim. The Indemnified Party shall use its commercially reasonable efforts to recover under insurance policies or indemnity, contribution or other similar agreements for any such Losses prior to seeking indemnification under this Agreement.

			
		(c) 	  In no event shall any Indemnifying Party be liable to any Indemnified Party for any punitive, incidental, consequential, special or indirect damages, including loss of future revenue or income, loss of business reputation or opportunity relating to the breach or alleged breach of this Agreement, or diminution of value or any damages based on any type of multiple.

   
  	 
	10

	  

	 

   
    		(d) 	  Each Indemnified Party shall take, and cause its Affiliates to take commercially reasonable steps to mitigate any Loss subject to Sections 8.02(a) or 8.03(a), as the case may be, upon becoming aware of any event which would reasonably be expected to, or does, give rise thereto, including incurring costs only to the minimum extent necessary to remedy the breach that gives rise to such Loss.

			
		(e) 	  No party hereto shall be liable for any Losses based upon or arising out of any inaccuracy in or breach of any of the representations or warranties of the other party contained in this Agreement if such party had knowledge of such inaccuracy or breach prior to the Closing.

   
  8.05 Indemnification Procedures.
   
    		(a) 	  Third Party Claims. If any Indemnified Party receives notice of the assertion or commencement of any action, suit, claim or other legal proceeding made or brought by any Person (a “Third Party Claim”) against such Indemnified Party with respect to which the Indemnifying Party is obligated to provide indemnification under this Agreement, the Indemnified Party shall give the Indemnifying Party prompt written notice thereof. The failure to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified Party shall describe the Third Party Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party. The Indemnifying Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to assume the defense of any Third Party Claim at the Indemnifying Party’s expense and by the Indemnifying Party’s own counsel, and the Indemnified Party shall cooperate in good faith in such defense. In the event that the Indemnifying Party assumes the defense of any Third Party Claim, subject to Section 8.05(b), it shall have the right to take such action as it deems necessary to avoid, dispute, defend, appeal or make counterclaims pertaining to any such Third Party Claim in the name and on behalf of the Indemnified Party. The Indemnified Party shall have the right, at its own cost and expense, to participate in the defense of any Third Party Claim with counsel selected by it subject to the Indemnifying Party’s right to control the defense thereof. Seller and Purchaser shall cooperate with each other in all reasonable respects in connection with the defense of any Third Party Claim, including making available records relating to such Third Party Claim and furnishing, without expense (other than reimbursement of actual out-of-pocket expenses) to the defending party, management employees of the non-defending party as may be reasonably necessary for the preparation of the defense of such Third Party Claim.

   
  	 
	11

	  

	 

   
    		(b) 	  Settlement of Third Party Claims. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter into settlement of any Third Party Claim without the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld or delayed), except as provided in this Section 8.05(b). If an offer is made to settle a Third Party Claim without leading to liability or the creation of a financial or other obligation on the part of the Indemnified Party and provides, in customary form, for the unconditional release of each Indemnified Party from all liabilities and obligations in connection with such Third Party Claim, the Indemnifying Party may settle the Third Party Claim upon the terms set forth in such offer to settle such Third Party Claim. If the Indemnified Party has assumed the defense pursuant to Section 8.05(a), it shall not agree to any settlement without the written consent of the Indemnifying Party.

			
		(c) 	  Direct Claims. Any claim by an Indemnified Party on account of a Loss which does not result from a Third Party Claim (a “Direct Claim”) shall be asserted by the Indemnified Party giving the Indemnifying Party prompt written notice thereof. The failure to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified Party shall describe the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party. The Indemnifying Party shall have 10 days after its receipt of such notice to respond in writing to such Direct Claim. During such 10-day period, the Indemnified Party shall allow the Indemnifying Party and its professional advisors to investigate the matter or circumstance alleged to give rise to the Direct Claim, and whether and to what extent any amount is payable in respect of the Direct Claim and the Indemnified Party shall assist the Indemnifying Party’s investigation by giving such information and assistance (including access to the Indemnified Party’s premises and personnel and the right to examine and copy any relevant accounts, documents or records) as the Indemnifying Party or any of its professional advisors may reasonably request. If the Indemnifying Party does not so respond within such 10-day period, the Indemnifying Party shall be deemed to have rejected such claim, in which case the Indemnified Party shall be free to pursue such remedies as may be available to the Indemnified Party on the terms and subject to the provisions of this Agreement.

   
  8.06 Tax Treatment of Indemnification Payments.
   
  All indemnification payments made under this Agreement shall be treated by the parties as an adjustment to the purchase price for tax purposes, unless otherwise required by law.
   
  8.07 Right to Assert Defenses and Rights.
   
  Each of Parent and Purchaser hereby agrees that Seller shall have the right to assert on its behalf, and Seller shall have the benefit of, any defense or right included in the Assets in connection with Seller’s defense of any matter with respect to which a Purchaser Indemnitee is seeking indemnification under this Article VIII.
   
  	 
	12

	  

	 

   
  8.08 Exclusive Remedies.
   
  Subject to Section 24.00, the parties acknowledge and agree that their sole and exclusive remedy with respect to any and all claims (other than claims arising from fraud on the part of a party hereto in connection with the transactions contemplated by this Agreement) for any breach of any representation, warranty, covenant, agreement or obligation set forth herein or otherwise relating to the subject matter of this Agreement, shall be pursuant to the indemnification provisions set forth in this Article VIII. In furtherance of the foregoing, each party hereby waives, to the fullest extent permitted under Law, any and all rights, claims and causes of action for any breach of any representation, warranty, covenant, agreement or obligation set forth herein or otherwise relating to the subject matter of this Agreement it may have against the other parties hereto and their affiliates and each of their respective representatives arising under or based upon any Law, except pursuant to the indemnification provisions set forth in this Article VIII. Nothing in this Section 8.08 shall limit any Person’s right to seek and obtain any equitable relief to which any Person shall be entitled pursuant to Section 24.00 or to seek any remedy on account of any fraud by any party hereto.
   
  9.00 CONDITIONS PRECEDENT TO THE OBLIGATION OF THE SELLER
   
  9.01 Conditions to Obligations of the Seller. All obligations of the Seller under this Agreement are subject to the fulfillment, prior to or at the time of closing, of the conditions hereinafter enumerated:
   
    		(a) 	  All consents or approvals required to be obtained by the Seller for the purpose of selling, assigning or transferring the Assets have been obtained, provided that this condition may only be relied upon by the Seller if the Seller has diligently exercised its best efforts to procure all such consents or approvals and the Parent and Purchaser have not waived the need for all such consents and approvals;

			
		(b) 	  The Purchaser has delivered validly approved and executed Board and shareholder resolutions approving this Agreement, the issuance of the Sale Shares, and the transactions contemplated herein;

			
		(c) 	  Purchaser’s representations and warranties hereunder are true and correct as of the Closing Date;

			
		(d) 	  Purchaser has fulfilled and satisfied all its covenants, agreements, and other obligations hereunder on or prior to the Closing Date, including its obligations under Section 12.01 below;

			
		(e) 	  Purchaser has duly executed and delivered all other transaction documents related hereto required to be executed by such party and Seller has otherwise received all other closing deliveries required to be delivered by such party hereunder;

   
  	 
	13

	  

	 

   
    		(f) 	  No material adverse event with respect to the Parent or Purchaser or its business has occurred or is continuing;

			
		(g) 	  There shall not be in effect any injunction or other order issued by a court of competent jurisdiction restraining or prohibiting the consummation of the transactions contemplated by this Agreement. In addition, there shall be no judicial or administrative actions, proceedings or investigations pending or, to the knowledge of the Seller, threatened, which question the validity of this Agreement or any action taken or to be taken by the Parent or Purchaser or the Seller in connection herewith; and

			
		(h) 	  The key employees of Seller, including Steve Smith, Jamie Allen and Steve Moriya shall have entered into exclusive employment or consulting contracts, with a minimum term of three (3) years, with Purchaser, such agreements to be on terms mutually acceptable to Purchaser and such employees.

   
  9.02 Conditions to Obligations of Parent and Purchaser. All obligations of Purchaser under this Agreement are subject to the fulfillment, prior to or at the time of closing, of the conditions hereinafter enumerated:
   
    		(a) 	  All consents or approvals (including all regulatory approvals) required to be obtained by Purchaser in order to undertake its obligations hereunder have been obtained, provided that this condition may only be relied upon by any such party if it has diligently exercised its best efforts to procure all such consents or approvals and the Seller has not waived the need for all such consents and approvals;

			
		(b) 	  The key employees of Seller, including Steve Smith, Jamie Allen and Steve Moriya shall have entered into exclusive employment or consulting contracts, with a minimum term of three (3) years, with Purchaser, such agreements to be on terms mutually acceptable to Purchaser and such employees;

			
		(c) 	  Seller shall deliver validly executed Board and shareholder resolutions approving this Agreement;

			
		(d) 	  Seller’s representations and warranties hereunder are true and correct as of the Closing Date;

			
		(e) 	  Seller has fulfilled and satisfied all its covenants, agreements, and other obligations hereunder on or prior to the Closing Date;

			
		(f) 	  Seller has duly executed and delivered all other transaction documents related hereto required to be executed by Seller and Purchaser has otherwise received all other closing deliveries required to be delivered by Seller hereunder;

			
		(g) 	  No material adverse event with respect to Seller or the Seller’s Business has occurred or is continuing; and

   
  	 
	14

	  

	 

   
    		(h) 	  There shall not be in effect any injunction or other order issued by a court of competent jurisdiction restraining or prohibiting the consummation of the transactions contemplated by this Agreement. In addition, there shall be no judicial or administrative actions, proceedings or investigations pending or, to the knowledge of Purchaser, threatened, which question the validity of this Agreement or any action taken or to be taken by the Purchaser or the Seller in connection herewith.

   
  10.00 CLOSING
   
  10.01 Subject to the terms and conditions hereof, the purchase and sale of the Assets shall be consummated at a closing (the “Closing”) to be held on October 31, 2015 or any other date mutually agreed upon between the parties (the “Closing Date”) at the offices of Sharkreach, Inc. in Manhattan Beach, California, or at such other place as mutually agreed among the parties. The Closing shall be deemed effective as of 11:59 p.m. Pacific Standard Time on the Closing Date.
   
  10.02 Documents to be delivered by the Seller 
   
  At the closing the Seller shall deliver or cause to be delivered to the Purchaser:
   
    		(a) 	  All deeds of conveyance, bills of sale, transfer and assignments in form and content mutually agreed by the parties, appropriate to effectively vest a good and marketable title to the Assets in the Purchaser to the extent contemplated by this Agreement, and immediately registerable in all places where registration of such instruments is required.

			
		(b) 	  The Assets; and

			
		(c) 	  Certified copies of such resolutions of the shareholders and directors of the Seller as are required to be passed to authorize the execution, delivery and implementation of this Agreement and of all documents to be delivered by the Seller pursuant thereto.

   
  10.03 Documents to be delivered by the Purchaser
   
  At the closing the Purchaser shall deliver, or cause to be delivered, to the Seller the Sale Shares.
   
  11.00 TERMINATION
   
  11.01 Termination.
   
    		(a) 	  Right to Terminate. Notwithstanding anything in this Agreement to the contrary, this Agreement may be terminated:

   
    		   
	(i) 	  by Purchaser and Seller by mutual consent;

   
  	 
	15

	  

	 

   
    		   
	(ii) 	  by Seller, on the one hand, or by Purchaser, on the other hand, if the Closing shall not have occurred on or before November 1, 2015, provided that the right to terminate this Agreement under this Section 11.01(a)(ii) shall not be available to (A) Seller if Parent and Purchaser has each fulfilled its obligations with respect to Section 12.01 below or (B) either party whose misrepresentation, breach of warranty or failure to fulfill any obligation under this Agreement has been the cause of; or resulted in, the failure to consummate the Closing on or before such date;

		   
		
		   
	(iii) 	  by Seller, on the one hand, or by Purchaser, on the other hand, if there has occurred a material breach, failure to fulfill, or default on the part of the other party of any covenant or agreement contained herein that cannot be, or has not been, cured within thirty (30) days of its occurrence; or

		   
		
		   
	(iv) 	  by Seller, on the one hand, or by Purchaser, on the other hand, if consummation of the transactions contemplated hereby would violate a final non-appealable order of a federal or state court; or there shall be any action taken, or any Law or order enacted, promulgated or issued or deemed applicable to the transactions contemplated hereby by any governmental authority which would make the consummation of the transactions contemplated under this Agreement illegal.

   
    		(b) 	  Good Faith Performance. No party shall be entitled to exercise any unilateral right of termination pursuant to Section 11.01(a) if such party shall not have performed diligently and in good faith the obligations required to be performed by such party hereunder prior to the date termination is sought.

   
  11.02 Effect of Termination.
   
  In the event of the termination of this Agreement pursuant to Section 11.01, this Agreement shall forthwith become void, and there shall be no liability or further obligation on the part of any party hereto or its officers, directors, members or shareholders. Notwithstanding the foregoing sentence, (a) the provisions of Sections 14, 15, 17.01, 17.03, and 18 through 25 shall remain in full force and effect and survive any termination of this Agreement; and (b) each party shall remain liable for any breach of this Agreement prior to its termination.
   
  12.00 Loans
   
  Prior to, concurrent with, or following closing of the transaction, the Purchaser shall provide the following financing to Seller:
   
  12.01 First Loan 
   
  On or before September 30, 2015, Purchaser shall provide, a loan to Seller in the amount of $150,000. The Loan will be forgiven upon closing of the agreement In the event the agreement is not completed on or before December 31, 2015 the $150,000 loan shall be converted into Equity of the seller.
   
  	 
	16

	  

	 

   
  12.02 Subsequent Funding 
   
  Subject to the condition that the Closing has previously taken place, Purchaser shall on a best efforts basis raise additional capital in the following minimal amounts and within 5 working days of the outlined:
   
  $100,000 USD on November 1, 2015
  $100,000 USD on January 1, 2016 
  $100,000 USD on March 1, 2016
   
  13.00 FURTHER ASSURANCES
   
  The parties hereto shall execute such further and other documents and do such further and other things as may be necessary to carry out and give effect to the intent of this Agreement.
   
  14.00 NOTICE
   
  All notices required or permitted to be given hereunder shall be in writing and shall be (a) delivered by messenger, (b) delivered by a recognized overnight courier service, (c) sent by registered or certified mail (postage prepaid, return receipt requested) or (d) sent by email, facsimile or other written form of electronic communication (with an electronic copy thereof delivered in accordance with clause (a), (b) or (c) of this Section 14.00) to the parties at their respective addresses set forth in the preamble hereto, or at such other address as such party may designate in writing from time to time.
   
  15.00 ENTIRE AGREEMENT
   
  This Agreement together with all other transaction documents executed in connection herewith constitutes the entire Agreement between the parties and supersedes all other agreements and understandings with respect to the subject matter hereof, including without limitation the Binding Term Sheet dated August 14, 2015 entered into by Parent and Seller. There are no representations or warranties, express or implied, statutory or otherwise other than as expressly set forth or referred to herein or in such other transaction documents.
   
  16.00 TIME OF THE ESSENCE
   
  Time shall be of the essence in this Agreement
   
  	 
	17

	  

	 

   
  17.00 GENERAL
   
  17.01 Confidentiality 
   
  In the event Purchaser fails to complete the Transaction, Purchaser will undertake to keep absolutely confidential all information, data and documentation obtained, prepared, received and/or knew (regardless how this occurs) related to Seller, or its assets (the “Confidential Information”).
   
  17.02 Co-Operation 
   
  Each party and its representatives agree to cooperate fully with the other party and its representatives in completing due diligence on Seller, Purchaser and the Assets, and will furnish such other party’s representatives with all available information and data concerning the concession.
   
  17.03 Regulatory Costs 
   
  It is anticipated that in accordance with regulatory requirements, Purchaser may have to complete reports and reviews, including for or on behalf of Seller a technical review report and/or examination of the Assets and audited financial statements. If so, such reports, reviews and audited financial statements will be completed at Purchaser’s expense
   
  17.04 Directors 
   
    		(a) 	  Steve A. Smith agrees that he shall, if so requested by the Board of Directors of Purchaser, act as a director and/or officer of Purchaser, both before and after the Closing, and that he will co-operate reasonably, including completing appropriate forms for this purpose.

			
		(b) 	  The Board of Directors of Purchaser shall initially (for a period of 12 months following Closing) be composed of three (3) persons. One (1) director will be appointed at the discretion of the Purchaser, one (1) director will be nominated by the Seller, and one (1) director will be mutually agreed upon by the Purchaser and Seller. Upon completion of the 12 month period following Closing, Purchaser’s Board of Directors will be elected at the discretion of all investors in Purchaser as per its Articles of Incorporation and other organizational documents.

   
  17.05 Non-competition 
   
  The Seller represents and warrants that:
   
    		(a) 	  It shall not, for a period of five (3) years from Closing, and without the express written authorization of the Purchaser, engage in any business, operations, or activities, alone or in partnership or association with other party that may compete with the Seller’s Business, and that it shall not receive any compensation or hold any interest in, any other company or entity which may compete with the Seller’s Business (the “Non-Competition Clause”).

			
		(b) 	  It shall cause its employees, officers and directors to abide by and also observe the NonCompetition Clause;

			
		(c) 	  It shall indemnify and hold harmless in accordance with the indemnity provisions of this Agreement, the Purchaser for any loss that may arise from a breach of the NonCompetition Clause.

   
  	 
	18

	  

	 

   
  18.00 APPLICABLE LAW
   
  This Agreement shall be governed by and interpreted in accordance with the laws of the State of Nevada.
   
  ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY SHALL BE INSTITUTED IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF CALIFORNIA IN EACH CASE LOCATED IN THE COUNTY OF LOS ANGELES, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING. SERVICE OF PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY MAIL TO SUCH PARTY’S ADDRESS SET FORTH HEREIN SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT IN ANY SUCH COURT. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.
   
  19.00 SUCCESSOR AND ASSIGNS
   
  This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successor and assigns; provided, however, that no party shall assign or delegate any of the rights or obligations under this Agreement (whether by merger, operation of law or otherwise) without the prior written consent of the other party hereto, and any such purported assignment or delegation without such consent shall be void and of no effect. Nothing in this Agreement, express or implied, shall confer upon any Person other than a party to this Agreement or a party’s permitted successors and assigns, any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement except, with respect to Article VIII, to the extent that certain third-parties are expressly covered as Purchaser Indemnitees or Seller Indemnitees.
   
  	 
	19

	  

	 

   
  20.00 SEVERABILITY
   
  Should any part of this agreement be declared or held invalid for any reason, such validity shall not affect the validity of the remainder which shall continue in full force and effect and be construed as if this agreement had been executed without the invalid portion and it is hereby declared that the intention of the parties hereto that this agreement should have been executed without reference to any portion which may, for any reason, be hereafter declared or held invalid.
   
  21.00 EXECUTION OF AGREEMENT
   
  This Agreement may be executed in several parts in the same form and such parts as so executed shall together form one original agreement, and such parts, if more than one, shall be read together and construed as if all the signing parties hereto had executed one copy of this Agreement. Executed copies of the signature pages of this Agreement sent by facsimile or transmitted electronically in Portable Document Format or any similar format, shall be treated as originals, fully binding and with full legal force and effect, and the parties waive any rights they may have to object to such treatment.
   
  22.00 LEGAL ADVICE
   
  The parties acknowledge that the law firm of Forstrom Jackson has prepared this agreement and in doing so is acting only for Purchaser in this transaction and not for the Seller. The Seller acknowledges and agrees to seek independent legal advice as to its rights under this agreement.
   
  23.00 CAPTIONS
   
  The captions appearing in this Agreement are inserted for convenience of reference only and shall not affect the interpretation of this Agreement.
   
  24.00 SPECIFIC PERFORMANCE.
   
  The parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy to which they are entitled at law or in equity.
   
  25.00 AMENDMENT AND MODIFICATION; WAIVER.
   
    		(a) 	  This Agreement may be amended, modified, supplemented or restated only by a written instrument executed by the parties hereto. The terms of this Agreement may be waived only by a written instrument executed by the party waiving compliance.

			
		(b) 	  The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent or other breach, whether or not similar, and no such waiver shall operate or be construed as a continuing waiver unless so provided.

			
		(c) 	  No delay on the part of any party hereto in exercising any right, power or privilege hereunder shall operate as a waiver thereof, and no single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder.

   
  [Signatures to appear on following page]
   
    	 
	20

	  

	 

   
  
IN WITNESS WHEREOF the parties hereto have executed this Asset Purchase Agreement as of the day and year first above written. 
   
   
    	  SHARKREACH, INC. 
	   

	   
	   

	  /s/ Steve Smith 
	   

	  Steve Smith, Jr., President
	   

	   
	   

	  ONLINE SECRETARY INC. 
	   

	   
	   

	  /s/ Troy Grant 
	   

	  President, Troy Grant
	   

   
    	 
	21

	  

	 

   
  SCHEDULE “A”
   
  INCLUDED ASSETS
   
    	1. 	  The going concern business and operations of SHARKREACH INC. (“SRI”), including all of the undertaking and all assets owned by SRI in connection with the Influencer Owned Native Advertising network business carried on as SHARKREACH Inc. at 1219 Morningside Dr, Suite 100, Manhattan Beach, California, 90266, United States (the “Business”).

		
	2. 	  The Business shall include, without limiting the generality of the foregoing:

		
	a) 	  The client lists of SRI in connection with the Business (“Client List”) and Sale Pipeline of booked and projected campaigns more particularly described in Schedule “B” (the “Sale Pipeline”);

		
	b) 	  All saleable stock in trade (the “stock in trade”);

		
	c) 	  All useable parts and supplies (the “parts and supplies”);

		
	d) 	  All leasehold interest in the lease held by the Vendor for the lease of the premises where the Business is carried out at 1219 Morningside Drive, Ste. 100, Manhattan Beach, Calif. (the “Lease”);

		
	e) 	  The Goodwill of the business together with the exclusive right to the Purchaser to represent itself as carrying on the Business in succession to SRI and to use the Business, style of the business, and variations in the Business to be carried on by the Purchaser (the “Goodwill”).

		
	3. 	  The name SHARKREACH or SHARKREACH INC., and any variations on that name, together with any other names under which SRI or the Business operates or functions in any way (the “Name”).

		
	4. 	  All media, websites, app accounts, blogs, social media, media or distribution or communication channels, or any other means of communication and / or exposure used by, or associated with, SRI and the conduct of the Business, or the use of the Name.

		
	5. 	  All contracts, contacts, associations, or relationships with people, celebrities, companies, associations, partnerships, or entities of any kind that are used to drive the Business or be used or portrayed as Influencers

   
  	 
	22

	  

	 

   
  EXCLUDED ASSETS 
   
  The following Assets are expressly excluded from the purchase and sale, and are intended to be the sole and only assets so excluded:
   
  Universal “Straight Outa Compton” Campaign Proceeds pursuant to invoices issued to date in approximate total amount of $49,000(US).
   
  	 
	23

	  

	 

  
Schedule “B”
   
  [confidential treatment requested]
   
   
   
  	 
	24

	  

	 

   
  Schedule “C”
   
  LEFT INTENTIONALLY BLANK
   
   
   
  	 
	25

	  

	 

   
  Schedule “D”
   
  Post-Closing CAP Table
   
    	  Authorized Capital Structure
	  200,000,000 share of common stock; $0.001 par value

	  Issued and Outstanding Pre-Asset Purchase
	  20,250,000

	  Issued in Conjunction with APA
	  24,750,000

	  Total Issued and Outstanding on Completion of APA
	  45,000,000

  
 
   
   
   
  26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]