Document:

Contract

 

 

THIS Contract has been made

 

 

between

 

Wikisoft
Corp.

315
Montgomery Street San Francisco, CA 94104

 

(the "Company")

 

and

 

Oscar
Eg Gensman

Havdrupvej 77

2700 Brønshøj
Denmark

 

(the "IT manager")

 

 

		1.	Date of commencement and place of work

 

The IT manager started Sept. 1st 2020.

 

The place of work is remote or Gammel Carlsberg Vej
16, 2500 Valby, Denmark

 

		2.	Duties and authority

 

The IT manager will be responsible for the day-to-day
management of all IT related task the Company. The IT manager will be accountable and report directly to The Chief Executive Officer,
Carsten Kjems Falk.

 

The IT manager will keep The Chief Executive
Officer informed of all matters assumed to be of significant interest.

 

		3.	Remuneration and remuneration negotiations

 

The monthly remuneration is USD 3,500, to
be paid monthly last day of each month and no later than on the last working day of the month.

 

The remuneration will be negotiated with The
Chief Executive Officer once a year in January effective from February, for the first time September 1st 2021.

 

    	 		 

    	 

    

 

		4.	Shares

 

The IT manager will receive 2x50,000
common shares allocated on Sept 1st 2021 and September 1st 2022 vesting monthly following signature of this
contract.

 

If IT manager resigns during the financial year
of the vesting period, The IT manager is entitled to receive a proportionate share of the common shares to which IT manager would
have been entitled if he or she had been employed by the Company at the end of the allocation period, irrespective of whether The
Chief Commercial Officer has resigned from or been dismissed by the Company.

 

		5.	Pension

 

The IT manager will pay his own pension.

 

		6.	Scope of work and other business activities

 

The IT manager is obliged
to devote a minimum of 20 hours per week with his working capacity and all his or her professional knowledge in the service of
the Company.

 

		7.	Holidays and days off Holiday

The IT manager is entitled
to 5 weeks’ holiday per calendar year during which the IT manager will receive his usual remuneration. The IT manager is
entitled to fully paid remuneration during holidays from the date of commencement.

 

The IT manager decides the time of his or her
holiday in consideration of the operations of the Company and informs the Chief Executive Officer hereof.

 

Days off

24-26 December, 31 December, 1 January,
Friday after Ascension Day, and Constitution Day on 5 June are days off with full pay.

 

		8.	Competency development and continuing education

 

The IT manager is expected
if deemed relevant to continuing education, with a view to keeping and further developing his or her professional and personal
competencies. Scope and extent of such education is to be agreed with Chief Executive Officer and agreed if company should pay
for it.

 

		9.	Sickness and child's sickness

 

The IT manager is entitled to sick pay.

The IT manager is entitled to one day off with
pay in case of child's sickness.

 

 

		11.	Travel and entertainment

 

    	 	2	 

    	 

    

 

The IT manager’s expenses incurred
for travel, nights away from home, entertainment etc. will be reimbursed by the Company against presentation of vouchers.

 

		12.	Inventions

 

Inventions made by The IT manager are covered
by the Danish Employees’ Inventions Act vis-à-vis the Company.

 

		13.	Termination of employment

 

This Contract may be terminated by CEO by 3
months’ notice and by The IT manager by 3 months’ notice to expire on the last day of any month.

 

		14.	Confidentiality and non-compete

The employee recognises the confidential nature
of the appointment hereunder and agrees and undertakes, at all times during and after the term of this agreement, to keep secret
and confidential and not to divulge to third parties any information, advice, knowledge, trade secrets and know-how designated
as confidential or which is confidential by nature, which is disclosed to the employee in connection with the employment. Furthermore,
the employee undertakes not to use such confidential information for any other purpose than the proper performance of the Services.

The employee agrees to not undertake any competing
assignments, directly, during the term of this agreement. For a period of six months after this agreement, the employee has to
inform the company of any competing assignment it undertakes.

 

		15.	Intellectual property rights

The company shall be the sole owner of all
materials and all results which accrue through the performance of the Services (jointly referred to below as the “Results”)
without any additional compensation to the employee. All copyright and any patent rights or other intellectual property rights
connected with the Results constitute the company’s property and the company shall be free to amend, modify, transfer or
otherwise dispose of the Results as the company in its sole discretion deems appropriate. The Employee is not entitled to use the
Results in its future business.

 

 

	 	Parties’ signatures	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	Brønshøj,
on Sept. 1st, 2020	 	Frederiksberg, on Sept.1st, 2020	 
	 	 	 	 	 
	 	/s/ Oscar Eg Gensman	 	/s/ Carsten Kjems Falk	 
	 	The IT manager	 	The Chief Executive Officer	 
	 	Oscar Eg Gensman	 	Carsten Kjems Falk	 

    	 	3Date:
September 22nd 2020 Termination of contract

 

 

Dear
René,

You
are hereby informed that the contract signed on June 12th 2020 is terminated. The contract signed on June 12th
2020 has never been effectuated and the contract will hence stop with immediate effect.

 

By signing this agreement
you hereby acknowledge and agree that all claims and obligations towards the company lapses.

 

The Employee understands and
agrees that he executed this Agreement voluntarily,

 

 

 

	 	Frederiksberg,
    on September 22nd, 2020	 	Frederiksberg, on September 22nd,2020	 
	 	 	 	 	 
	 	/s/ Carsten Kjems Falk	 	/s/ Rasmus Refer	 
	 	The Chief Executive Officer	 	The employee	 
	 	Carsten Kjems Falk	 	Rasmus ReferLETTER
OF INTENT AND

PROPOSED ACQUISITION OF

 

WIKISOFT
CORP. 

BY

BLUESTAR
TECHNOLOGIES, INC.,

formerly Powerplay
Development Corp (PWPY) (“Agreement”)

 

 

 

	 A. Parties related to this agreement:	 	·                    
Bluestar Technologies, Inc., formerly Powerplay Development Corp , which trades on the OTC
under the symbol PWPY and its successors (“PWPY” or the “Company”)
	 	 	 
	 	 	·                    
Wikisoft Corp., with Address 3422 Old Capitol Trail, Suite 700, Wilmington DE 19808-6192
(defined as “Wikisoft Corp.” or “Purchaser” or the “Target Company”)
	 	 	 
	 	 	·                    
Rasmus Refer and all Wikisoft Corp. shareholders, et.al., who collectively hold 100% of
the outstanding common and/ preferred stock of Wikisoft Corp. on a fully-diluted basis, with Address of 3422 Old Capitol Trail,
Suite 700, Wilmington DE 19808-6192, (the “Major Stockholders”).
	 	 	 
	 	 	·                    
Robert L. Stevens as board appointed Trustee and Receiver for PWPY (the “Receiver”).
	 	 	 
	 B. Acquisition of Outstanding Wikisoft Corp. Equity Securities:	 	PWPY would acquire 100%
of the outstanding equity securities of Wikisoft Corp. by means of a reverse merger in which a newly-formed subsidiary of PWPY
would be merged into Wikisoft Corp. (the “Transaction”). As a result of the Transaction, Wikisoft Corp. would become
PWPY. A proposed capitalization table follows as exhibit A below. It is also understood and agreed that there is no known liabilities,
debts or other contingenct liabilities or obligations upon the final merger.
	 	 	 
	 C. Treatment of Outstanding Wikisoft Corp. Common Stock; Voting Undertakings:	 	All outstanding
shares of Wikisoft Corp. common stock would be exchanged for newly-issued shares of PWPY common stock in the Transaction. Any repurchase
rights applicable to shares of Wikisoft Corp. common stock would remain in effect after the closing of the Transaction (the “Closing”),
and would become rights to repurchase the shares of PWPY common stock issued in exchange for such shares of Wikisoft Corp. common
stock.
	 	 	 
	 D. Voting Approval by Wikisoft Corp. & Major Shareholders:	 	The Major Stockholders would agree to vote
their shares of Wikisoft Corp. and Acquisitions stock in favor of the Transaction.

 

 

PROPOSED
ACQUISITION OF WIKISOFT CORP

Page 1 of 9 PWPY
Term Sheet CONFIDENTIAL

 

    	 	1	 

    	 

    

 

 

 

	 E. Treatment of Outstanding Wikisoft Corp. Stock Options:	 	All outstanding
Wikisoft Corp. stock options would be assumed by PWPY in connection with the Transaction and would become options to purchase PWPY
common stock.The terms of the assumed stock options (including terms relating to vesting) would not change; there would be no acceleration
of the vesting of unvested stock options.
	 	 	 
	 F. Fees and Expenses:	 	Private Company will advance the following sums to consummate
the transaction, for the following:

 

	 	Secretary of State, OTC Markets, balance sheets, DTC, split, name change, various legal matters	$42,500 (due at Closing)
	 	Reorganization and merger, Accountant, Auditor, various legal matters	$25,000 (due 45-60 days, after Name Change)

 

	 G. Corporate Action and Associated Fees	 	All necessary corporate
governance actions will be taken by Receiver, PWPY, Major Shareholders and Wikisoft Corp. to complete merger and none will be withheld.
	 	 	 
	 H. Transfer Agent (“Transfer Agent”)	 	Wikisoft Corp.
understands that there is a Transfer Agent that will require certain agreements and provisions to conduct their duties and Wikisoft
Corp. will be required to abide by those requirements and not withhold completion and execution of those documents. Wikisoft Corp.
will be responsible for any balance or monies owed from the date of Closing of the Transaction.
	 	 	 
	 I. Tax Treatment:	 	It is expected that the Transaction would
constitute a tax-free reorganization
for U.S. Federal income tax purposes. All parties attest to having received legal advice in regards to their expected tax-free
reorganization related to this transaction. No future tax liabilities, penalties or damages are the responsibility of the Receiver
or PWPY.
	 	 	 
	 J. Securities Law Matters related to Shares Issued in the Transaction:	 	The PWPY common
stock to be issued in the Transaction would be issued under Section 3(a)(10) or exempt from federal securities registration under
Regulation D or other applicable exemption are “Exempt Securities” or an “Exempt Transaction”. The Securities
issued under this transaction would be exempt in all 50 states as securities issued by a Trustee or Receiver, upon approval by
the Court. It is also understood by all parties that any securities issued [that may be construed as a financing or] after or a
derivative to a convertible note at the time of acquisition or after the merger will not be “Exempt Securities” defined
herein.

 

 

PROPOSED
ACQUISITION OF WIKISOFT CORP

Page 1 of 9 PWPY
Term Sheet CONFIDENTIAL

 

    	 	2	 

    	 

    

 

	 K. Employment and Non- competition Agreements:	 	Contemporaneously
with the execution of the definitive agreement and plan of merger and reorganization relating to the Transaction (the “Definitive
Agreement”), certain key executives and employees of Wikisoft Corp. and the Acquisitions would enter into employment agreements
and noncompetition agreements with Wikisoft Corp. and PWPY, which would go into effect as of the Closing. Pursuant to these agreements,
each key executive and key employee would:
	 	 	 
	 	 	·        
Agree to continue his/her employment with Wikisoft Corp. for a period of no less than 3
years negotiated by the relevant parties of Wikisoft Corp., and not related to the conditions of the Closing, unless there becomes
a substantive reason for termination; and
	 	 	 
	 	 	•        
Agree that, during his/her employment period after the Closing, he/she will not (directly
or indirectly) participate in, engage in or hold any interest in, or otherwise deal or become associated with, any business that
is competitive with Wikisoft Corp.’s business.
	 	 	 
	 L. Representations, Warranties, Indemnities and Other Provisions:	 	In the Definitive
Agreement, Wikisoft Corp. and Major Stockholders would make customary representations and warranties (which would survive the Closing)
and would provide customary indemnities relating to the business, financial condition, contracts, liabilities, employees and prospects
of Wikisoft Corp.
	 	 	 
	 	 	Rasmus Refer and Major
Shareholders, by signing, has the authority to enter this full and complete Agreement and the Definitive Agreement and attests
they will comply with all paragraphs in this agreement.
	 	 	 
	 M. Diligence and Information to be provided by Major Stockholders and Wikisoft
    Corp.:	 	Wikisoft Corp. and
Major Stockholders agree to provide Receiver copies of articles of incorporation, financial statements, projections, details on
all liabilities, assets (tangible or intangible), material contracts or agreements, Letters of Intent and Term Sheets, and any
acquisition agreements whether executed or in draft form, patent filings and information, assets not covered by the above within
twenty days of the date of this agreement. Failure to meet this provision could result in cancellation of this agreement and no
reimbursement of fess outlined in Sections F and T, or obligations incurred that are paid under this Agreement by Major Stockholders
and Wikisoft Corp. If it is determined in the course of analyzing, verifying and reviewing diligence materials that the Transaction,
business operations or other material information is not as presented prior to this agreement then the Receiver may cancel the
merger and Major Shareholders and Wikisoft Corp. will not be refunded any monies defined in Section F and T and PWPY will remain
under the Receivers charge and returned to a condition one day prior to the date of this agreement was signed.

 

 

PROPOSED
ACQUISITION OF WIKISOFT CORP

Page 1 of 9 PWPY
Term Sheet CONFIDENTIAL

 

    	 	3	 

    	 

    

 

	 N. Acquisition of Business or Operations by Wikisoft Corp./ Major Stockholders:	 	Major Stockholders and Wikisoft Corp.
are contemplating an acquisition or merger of companies or business operation(s), exclusive of the merger with PWPY, and will disclose
all material documents and agreements of such acquisition and in the event that merger(s) is not completed on or before the discharge
of the Receiver then the merger with PWPY may be null and void at the discretion of the Receiver and all cancellation provisions
herein will be in effect and PWPY shall be returned back to the original state prior to the execution of this Letter of Intent
and proposed Definitive Agreement with Wikisoft Corp.
	 	 	 
	 O. Wikisoft Corp./Major Stockholders Transaction Expenses:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

	

 

	

All legal fees
and costs and other expenses incurred by Wikisoft Corp./Major Stockholders in connection with the Transaction would be borne by
the Wikisoft Corp./Major Stockholders. Those fees may include, but not limited to, financial statement preparation and PCAOB audit
fees, legal opinions, regulatory and exchange related fees for OTCIQ or OTC Markets, The Securities and Exchange Commission, news
releases, file uploads, corporate actions, CUSIP, FINRA, Secretary of State’s Offices, transfer agent fees and costs, and
any other filing fees, etc.

 

		P.	Confidentiality:The parties would agree to keep confidential
the existence, status and

terms of their
negotiations and agreements regarding the Transaction and the related LOI’s and potential mergers for Wikisoft Corp. If PWPY
so elects, the parties would make a joint public announcement concerning the Transaction upon the signing of a letter of intent
and proposed acquisition agreement.

 

		Q.  Exclusivity	Receiver shall not seek or entertain offers or engage in discussions
with unrelated parties to this Agreement related to PWPY.

 

		R.	“No-Shop” Agreement:At the time of the signing
of a letter of intent relating to the Transaction,

Wikisoft Corp.
and the Major Stockholders would agree not to entertain, solicit or encourage any inquiry or proposal from any third party concerning
the acquisition of all or a substantial portion of the business, assets or equity securities of or creation of liabilities of Wikisoft
Corp.

 

		S.	Communication:In order to control the appropriate release
of public information as well as

contain the release
of material non-public/confidential information, the point of contact during the period between the execution of this letter of
intent and final court approval of the transaction shall be the office of the Receiver.

 

		T.	Non-returnable Expenses:

Due to the nature
of the transaction contemplated there are significant fees incurred by PWPY and Receiver as a part of performance of duties as
Receiver and on behalf of PWPY which shall be due and payable upon signing this agreement in the amount of Forty-Two-Thousand-Five-
Hundred U.S. dollars ($42,500.00) in accordance with Exhibit F.

    	 

    	 

    

		U.	Cancellation of Merger:In the event the merger or transaction,
as contemplated, is not completed

then PWPY shall
be returned to the Receiver, all fees and expenses of the Receiver and PWPY payable by Wikisoft Corp. and Major Stockholder(s)
and shall be due, less any payments made upon or subsequent to signing this document; and the Wikisoft Corp. shall not be reimbursed
for any expenses or fees as the result of this agreement or directly paid or incurred on the Wikisoft Corp. ’s behalf and
shall reimburse the Receiver any expenses outlined in a final invoice which is due and payable within 10 business days from Cancellation.

 

In the event that
the merger or this agreement is cancelled by the Receiver, except covered under provisions outlined in this agreement, then the
amounts paid under the “Purchase Price and Fees” Section F, shall be returned and all and any obligations herein are
terminated. Should both parties not be able to reach a mutual understanding of the terms of the cancellation of the merger, arguments
will be heard in the 8th Judicial District of Nevada and all Court costs and fees including legal fees will be borne
by Wikisoft Corp. and the Major Stockholders.

 

		V.	Binding Agreement:This is a binding agreement.

 

		W.Country of Record:	This agreement and any resulting legal and commercial aspects related

hereto shall be under the
laws and practices of the United States

 

		X.	State of Record:This Agreement and the Definitive Agreement
and resulting legal and

commercial aspects
related hereto shall be under the laws and practices of the State of Nevada and where relevant the Eighth Judicial District of
Clark County thereunder.

 

Y. 
Intellectual Property Assignment and Transfer:

All intellectual
property, software, trademarks, licenses, copyrights, assets related to the existing or contemplated business of Wikisoft Corp.
shall be properly and exclusively transferred or licensed to or for unlimited use by PWPY or resulting entity as the result of
this merger at Closing and shall be evidenced to the Receiver prior to the final discharge hearing. Non- compliance is grounds
for cancellation of the PWPY merger and the fees contemplated in Sections F and T shall be kept by the PWPY, the Receiver, or the
Receiver’s designee.

    	 

    	 

    

		Z.	Disclosure to Court and Receiver:

Rasmus Refer, Major
Stockholders and Wikisoft Corp. agree and understand that an Information Statement will be prepared and provided to the Court of
Jurisdiction in the Receiver action and agree to help prepare and provide information where requested by the Court or Receiver
and that information published may become publicly available in the Court records and that Information Statement will be substantially
part of the public filings made to the appropriate Regulatory and Market Authorities that have jurisdiction. Also it is understood
that Rasmus Refer, Major Stockholders and Wikisoft Corp. will not contact the Transfer Agent, Federal or Trading Exchanges, Secretary
of State(s) or other regulatory agencies or shareholders of PWPY or issue any securities or obligations, or enter into any contracts
without express written approval from the Receiver until the Court has discharged the Receiver and all conditions have been met
in this agreement, the Definitive Agreement and any related contracts or agreements.

 

 

 

 

[The Remainder
of this Page Intentionally Left Blank]

    	 

    	 

    

Signatures

 

 

AGREED TO THIS 13 Day of March, 2018

 

 

 

WIKISOFT CORP.

 

 

BY: Rasmus Refer Title: CEO

 

 

 

REPRESENTING MAJOR SHAREHOLDERS

 

 

 

 

BY: Rasmus Refer Title: 

 

TRUSTEE AND RECEIVER

 

 

BY: Robert L. Stevens Title: Trustee
and Receiver

    	 

    	 

    

 

 

 

EXHIBIT A

 

 

PROPOSED FINAL CAP
STRUCTURE POST TRANSACTION

 

	HOLDERS	
        NUMBER OF

        SHARES
	PERCENTAGE
	Wikisoft Corp. Shareholders	45,693,903	91.39%
	Somerset Group of Shareholders	2,000,000	4%
	SCI Inc.	2,000,000	4%
	
        Estimated PWPY Shares Outstanding after
        1-150 Reverse

        Split
	306,097	0.61%

 

 

 

 

 

	PROPOSED CAP STRUCTURE OF ACQUISITION OF WIKISOFT BY POWERPLAY DEVELOPMENT CORP.	 	 	 
	 	 	 	 	 	 	 
	Existing PWPY Common Shares Outstanding:	 	45,914,518	 	 	 	 
	 	 	 	 	 	 	 
	Proposed Reverse Split on Common Shares:	150	TO 1 REVERSE SPLIT	 	 	 
	 	 	 	 	 	 	 
	Proposed Cap Structure Fully Diluted Common Shares:	 	50,000,000	 	 	 	 
	 	 	 	 	 	 	 
	HOLDER	PRE MERGER	%	POST MERGER FULLY DILUTED	%
	PWPY Shareholders	45,914,518	100.00%	 	 	306,097	0.61%
	Somerset, SCI Inc	0	0.00%	 	 	4,000,000	8.00%
	Wikisoft Shareholders:	0	0.00%	 	 	45,693,903	91.39%
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	TOTAL:	45,914,518	100.00%	 	 	50,000,000	100.00%

    	 

    	 

    

 

 

 

 

EXHIBIT B

Wiring Instructions
for Fees and Non-returnable Fees

 

 

 

Fees as outlined in
Section F and Section T must be denominated in United States dollars and must be received by Somerset Private Fund, Ltd. designated
institution within 7 business days from date of the execution of this Letter of Intent.

 

 

WIRING INSTRUCTIONS:

 

Community Banks of Colorado ABA 102102013

7800 East Orchard Road Greenwood Village,
CO 80121

 

Somerset Capital Escrow Account Account
number: 275319497

387 Corona St., Suite 555

Denver, CO 80218

 

 

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