Document:

Exhibit 10.1

 

Baby
All Corp

113
Barksdale Profeesional Center

Newark,
DE 19711

 

April
11, 2012

Santa
Fe Operating, Inc.

4011
W. Plano Pkwy, Suite 126

Plano,
TX 75093

Attention:
Bruce Hall, CEO

 

 

		Re:	Letter
                                                                                                                               of
                                                                                                                               Intent
                                                                                                                               for
                                                                                                                               the
                                                                                                                               exchange
                                                                                                                               of
                                                                                                                               shares
                                                                                                                               of
                                                                                                                               Baby
                                                                                                                               All
                                                                                                                               Corp,
                                                                                                                               a
                                                                                                                               Delaware
                                                                                                                               Corporation
                                                                                                                               (“BABA”),
                                                                                                                               for
                                                                                                                               all
                                                                                                                               of
                                                                                                                               the
                                                                                                                               issued
                                                                                                                               and
                                                                                                                               outstanding
                                                                                                                               shares
                                                                                                                               of
                                                                                                                               Santa
                                                                                                                               Fe
                                                                                                                               Operating,
                                                                                                                               Inc.,
                                                                                                                               a
                                                                                                                               Delaware
                                                                                                                               Corporation
                                                                                                                               (“Santa
                                                                                                                               Fe”),
                                                                                                                               and
                                                                                                                               related
                                                                                                                               matters.

 

Dear
Mr. Hall:

This
Letter of Intent (the “Letter of Intent”) will confirm the following general terms upon which the Boards of
Directors of BABA and Santa Fe will adopt an agreement to effectuate a transaction (the “Share Exchange”) in
which BABA and the stockholders of Santa Fe will engage in a stock-for-stock exchange whereby the stockholders of Santa Fe will
be issued 1.00 shares of BABA’s common voting stock, $0.0001 par value (the “BABA Common Stock”) after
the dividend contemplated in Section 1(f) below in exchange for each of their shares of Santa Fe causing Santa Fe to become
a wholly-owned subsidiary of BABA upon the closing of the Share Exchange (the “Plan of Exchange”). It is contemplated
that the stockholders of Santa Fe would be issued a minimum of 33,478,261 shares of BABA Common Stock and no more than 44,478,261
shares of BABA Common Stock would be outstanding after such issuance if Santa Fe successfully completes an issuance of its common
stock resulting in gross proceeds of at least $2,500,000 prior to the deduction of any expenses related thereto (the “Financing”)
in accordance with the capitalization table set forth in Exhibit A.

Under
the Plan of Exchange, the current warrant holders of Santa Fe will receive warrants to purchase up to (a) 13.2% (on a fully-diluted
basis) of the BABA Common Stock after the Share Exchange if the Financing is completed with gross proceeds of $2,500,000 prior
to the deduction of any expenses related the Financing with (i) the strike price of such warrants, which shall initially
be $0.50, being adjusted proportionally with same conversion rate of Santa Fe warrants to warrants such that the Santa Fe warrant
holders would pay the same aggregate amount to exercise all of their warrants in BABA that they would have paid to exercise all
of their warrants in Santa Fe prior to the Share Exchange, and (ii) the same conversion rate being applied to BABA warrants
issued in exchange for the Santa Fe warrants as applied to BABA shares issued for the Santa Fe shares.

If
the Financing is completed for some amount other than $2,500,000 of gross proceeds, or if BABA cannot be recapitalized to meet
the share targets set forth in the preceding paragraph, Santa Fe and BABA will adjust the share numbers so that proportional allocation
of ownership set forth in the preceding paragraph is respected and such that the owners of BABA immediately prior to the closing
of the Share Exchange (the “Closing”) have shares after the Closing that would be worth $2,500,000 if priced
at the adjusted price per share obtained by Santa Fe in the Financing (after taking into account all adjustments, such as the
Exchange, any cancellations, stock dividends or reverse or forward splits of the BABA Common Stock).

The
Plan of Exchange to be approved by the Boards of Directors of Santa Fe and BABA shall be negotiated and set forth in detail the
parties’ intent upon the following general terms and conditions.

		1.	Condition
                                                                                                                                            of
                                                                                                                                            BABA.

BABA
immediately prior to the Closing will:

		(a)	be
                                                                                                                                           quoted
                                                                                                                                           on
                                                                                                                                           the
                                                                                                                                           Over
                                                                                                                                           The
                                                                                                                                           Counter
                                                                                                                                           Bulletin
                                                                                                                                           Board
                                                                                                                                           (OTCBB)
                                                                                                                                           and
                                                                                                                                           have
                                                                                                                                           a
                                                                                                                                           currently
                                                                                                                                           effective
                                                                                                                                           Form 211
                                                                                                                                           application
                                                                                                                                           (Rule 15c2-11)
                                                                                                                                           with
                                                                                                                                           FINRA
                                                                                                                                           through
                                                                                                                                           a
                                                                                                                                           licensed
                                                                                                                                           market
                                                                                                                                           maker;

		(b)	have
                                                                                                                                           no
                                                                                                                                           securities,
                                                                                                                                           including,
                                                                                                                                           without
                                                                                                                                           limitation,
                                                                                                                                           options,
                                                                                                                                           warrants,
                                                                                                                                           preferred
                                                                                                                                           stock
                                                                                                                                           or
                                                                                                                                           other
                                                                                                                                           convertible
                                                                                                                                           instruments,
                                                                                                                                           other
                                                                                                                                           than
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock,
                                                                                                                                           outstanding;

		(c)	have
                                                                                                                                           no
                                                                                                                                           assets
                                                                                                                                           other
                                                                                                                                           than
                                                                                                                                           as
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           on
                                                                                                                                           Schedule
                                                                                                                                           1(c),
                                                                                                                                           attached
                                                                                                                                           hereto,
                                                                                                                                           and
                                                                                                                                           any
                                                                                                                                           assets
                                                                                                                                           held
                                                                                                                                           by
                                                                                                                                           BABA
                                                                                                                                           immediately
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           Closing
                                                                                                                                           will
                                                                                                                                           be
                                                                                                                                           vended
                                                                                                                                           out
                                                                                                                                           by
                                                                                                                                           BABA
                                                                                                                                           after
                                                                                                                                           closing
                                                                                                                                           on
                                                                                                                                           commercially
                                                                                                                                           reasonable
                                                                                                                                           terms;

		(d)	have
                                                                                                                                           no
                                                                                                                                           liabilities:

		(e)	be
                                                                                                                                           current
                                                                                                                                           and
                                                                                                                                           compliant
                                                                                                                                           with
                                                                                                                                           all
                                                                                                                                           United
                                                                                                                                           States
                                                                                                                                           Securities
                                                                                                                                           and
                                                                                                                                           Exchange
                                                                                                                                           Commission
                                                                                                                                           (the
                                                                                                                                           “SEC”)
                                                                                                                                           reporting
                                                                                                                                           requirements;
                                                                                                                                           and

		(f)	have
                                                                                                                                           cancelled
                                                                                                                                           certain
                                                                                                                                           restricted
                                                                                                                                           shares
                                                                                                                                           of
                                                                                                                                           its
                                                                                                                                           common
                                                                                                                                           stock
                                                                                                                                           such
                                                                                                                                           that
                                                                                                                                           immediately
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing,
                                                                                                                                           BABA
                                                                                                                                           shall
                                                                                                                                           have
                                                                                                                                           no
                                                                                                                                           more
                                                                                                                                           than
                                                                                                                                           6,000,000
                                                                                                                                           shares
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock
                                                                                                                                           outstanding.

		2.	Due
                                                                                                                                            Diligence.
                                                                                                                                            

BABA
will provide Santa Fe a full report and all due diligence materials for BABA that a reasonable buyer would request (including
correspondence between BABA and the SEC which has not yet been publicly disclosed, if any) and audited and interim financials
of BABA prior to the Closing. BABA shall respond to any requests for additional information or inquiries related to Santa Fe’s
due diligence review of BABA.

Santa
Fe shall complete its due diligence on BABA within twenty (20) days of the date when both (a) all diligence materials relating
to BABA are presented to Santa Fe and after all requests for additional information made by Santa Fe are met and all inquires
of Santa Fe are answered, and (b) the Financing is complete. Approval of whether to conduct a Share Exchange with BABA (the “Approval”)
shall be in the sole discretion of Santa Fe based on such factors as Santa Fe may determine in conducting its due diligence review
of BABA.

		3.	BABA
                                                                                                                                            and
                                                                                                                                            BABA
                                                                                                                                            Indemnity
                                                                                                                                            Party
                                                                                                                                            Responsibilities.

		(a)	BABA
                                                                                                                                           shall
                                                                                                                                           pay
                                                                                                                                           for
                                                                                                                                           all
                                                                                                                                           of
                                                                                                                                           its
                                                                                                                                           filing
                                                                                                                                           fees,
                                                                                                                                           and
                                                                                                                                           costs
                                                                                                                                           associated
                                                                                                                                           with
                                                                                                                                           SEC
                                                                                                                                           filings
                                                                                                                                           and
                                                                                                                                           state
                                                                                                                                           securities
                                                                                                                                           laws
                                                                                                                                           and
                                                                                                                                           its
                                                                                                                                           legal
                                                                                                                                           and
                                                                                                                                           accounting
                                                                                                                                           fees
                                                                                                                                           until
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange,
                                                                                                                                           including,
                                                                                                                                           without
                                                                                                                                           limitation,
                                                                                                                                           (i) its
                                                                                                                                           auditor,
                                                                                                                                           and
                                                                                                                                           (ii) a
                                                                                                                                           Form 14f-1
                                                                                                                                           filing
                                                                                                                                           disclosing
                                                                                                                                           a
                                                                                                                                           change
                                                                                                                                           in
                                                                                                                                           a
                                                                                                                                           majority
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           directors
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           made
                                                                                                                                           in
                                                                                                                                           anticipation
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Closing.

		(b)	BABA
                                                                                                                                           shall
                                                                                                                                           ensure
                                                                                                                                           that
                                                                                                                                           it
                                                                                                                                           has
                                                                                                                                           accurate
                                                                                                                                           financial
                                                                                                                                           statements
                                                                                                                                           completed
                                                                                                                                           in
                                                                                                                                           accordance
                                                                                                                                           with
                                                                                                                                           Generally
                                                                                                                                           Accepted
                                                                                                                                           Accounting
                                                                                                                                           Principals
                                                                                                                                           (and
                                                                                                                                           appropriate
                                                                                                                                           records
                                                                                                                                           to
                                                                                                                                           support
                                                                                                                                           the
                                                                                                                                           same)
                                                                                                                                           and
                                                                                                                                           shall
                                                                                                                                           cause
                                                                                                                                           its
                                                                                                                                           auditor
                                                                                                                                           to
                                                                                                                                           cooperate
                                                                                                                                           and
                                                                                                                                           participate
                                                                                                                                           in
                                                                                                                                           all
                                                                                                                                           SEC
                                                                                                                                           filings
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           made
                                                                                                                                           by
                                                                                                                                           BABA
                                                                                                                                           for
                                                                                                                                           a
                                                                                                                                           reasonable
                                                                                                                                           period
                                                                                                                                           of
                                                                                                                                           time
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           when
                                                                                                                                           a
                                                                                                                                           successor
                                                                                                                                           auditor
                                                                                                                                           can
                                                                                                                                           be
                                                                                                                                           appointed,
                                                                                                                                           at
                                                                                                                                           no
                                                                                                                                           expense
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           former
                                                                                                                                           BABA
                                                                                                                                           or
                                                                                                                                           its
                                                                                                                                           principal
                                                                                                                                           shareholders.

		(c)	Arafat
                                                                                                                                           Schwartz
                                                                                                                                           (“BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party”)
                                                                                                                                           shall
                                                                                                                                           indemnify
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           and
                                                                                                                                           hold
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           harmless
                                                                                                                                           for
                                                                                                                                           any
                                                                                                                                           losses
                                                                                                                                           to
                                                                                                                                           BABA,
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           or
                                                                                                                                           their
                                                                                                                                           respective
                                                                                                                                           stockholders
                                                                                                                                           related
                                                                                                                                           to
                                                                                                                                           any
                                                                                                                                           inaccuracy
                                                                                                                                           in
                                                                                                                                           the
                                                                                                                                           financial
                                                                                                                                           statements
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           at
                                                                                                                                           the
                                                                                                                                           Closing,
                                                                                                                                           including
                                                                                                                                           any
                                                                                                                                           inaccuracies
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           which
                                                                                                                                           may
                                                                                                                                           come
                                                                                                                                           to
                                                                                                                                           light
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange.
                                                                                                                                           The
                                                                                                                                           terms
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           indemnification
                                                                                                                                           are
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           in
                                                                                                                                           the
                                                                                                                                           definitive
                                                                                                                                           agreement
                                                                                                                                           whereby
                                                                                                                                           such
                                                                                                                                           limitations,
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           exception
                                                                                                                                           of
                                                                                                                                           fraud,
                                                                                                                                           shall
                                                                                                                                           survive
                                                                                                                                           for
                                                                                                                                           a
                                                                                                                                           period
                                                                                                                                           of
                                                                                                                                           two
                                                                                                                                           years
                                                                                                                                           (except
                                                                                                                                           for
                                                                                                                                           tax
                                                                                                                                           or
                                                                                                                                           environmental
                                                                                                                                           claims
                                                                                                                                           which
                                                                                                                                           shall
                                                                                                                                           survive
                                                                                                                                           forever).

		(d)	The
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           use
                                                                                                                                           his
                                                                                                                                           best
                                                                                                                                           efforts
                                                                                                                                           to
                                                                                                                                           cause
                                                                                                                                           the
                                                                                                                                           fees
                                                                                                                                           charged
                                                                                                                                           by
                                                                                                                                           the
                                                                                                                                           auditor
                                                                                                                                           during
                                                                                                                                           the
                                                                                                                                           reasonable
                                                                                                                                           period
                                                                                                                                           of
                                                                                                                                           time
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           before
                                                                                                                                           a
                                                                                                                                           successor
                                                                                                                                           auditor
                                                                                                                                           can
                                                                                                                                           be
                                                                                                                                           appointed
                                                                                                                                           are
                                                                                                                                           fair
                                                                                                                                           and
                                                                                                                                           reasonable.
                                                                                                                                           BABA
                                                                                                                                           will
                                                                                                                                           assist
                                                                                                                                           in
                                                                                                                                           obtaining
                                                                                                                                           an
                                                                                                                                           engagement
                                                                                                                                           for
                                                                                                                                           the
                                                                                                                                           surviving
                                                                                                                                           entity
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           current
                                                                                                                                           auditor.

		(e)	BABA
                                                                                                                                           and
                                                                                                                                           the
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           ensure
                                                                                                                                           that
                                                                                                                                           the
                                                                                                                                           auditor
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           is
                                                                                                                                           in
                                                                                                                                           good
                                                                                                                                           standing
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           Public
                                                                                                                                           Company
                                                                                                                                           Accounting
                                                                                                                                           Oversight
                                                                                                                                           Board
                                                                                                                                           as
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           on
                                                                                                                                           www.pcaob.org.

		(f)	The
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           indemnify
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           and
                                                                                                                                           hold
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           harmless
                                                                                                                                           for
                                                                                                                                           any
                                                                                                                                           liabilities
                                                                                                                                           in
                                                                                                                                           excess
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Liabilities
                                                                                                                                           for
                                                                                                                                           which
                                                                                                                                           BABA
                                                                                                                                           is
                                                                                                                                           liable,
                                                                                                                                           including
                                                                                                                                           any
                                                                                                                                           liabilities
                                                                                                                                           for
                                                                                                                                           BABA’s
                                                                                                                                           business
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           which
                                                                                                                                           may
                                                                                                                                           come
                                                                                                                                           to
                                                                                                                                           light
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange.
                                                                                                                                           The
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party’s
                                                                                                                                           indemnification
                                                                                                                                           shall
                                                                                                                                           cover
                                                                                                                                           any
                                                                                                                                           costs
                                                                                                                                           of
                                                                                                                                           litigation
                                                                                                                                           and
                                                                                                                                           defense
                                                                                                                                           related
                                                                                                                                           to
                                                                                                                                           such
                                                                                                                                           liabilities
                                                                                                                                           or
                                                                                                                                           alleged
                                                                                                                                           liabilities.
                                                                                                                                           The
                                                                                                                                           terms
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           indemnification
                                                                                                                                           are
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           in
                                                                                                                                           a
                                                                                                                                           definitive
                                                                                                                                           agreement
                                                                                                                                           whereby
                                                                                                                                           such
                                                                                                                                           limitations,
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           exception
                                                                                                                                           of
                                                                                                                                           fraud,
                                                                                                                                           shall
                                                                                                                                           survive
                                                                                                                                           for
                                                                                                                                           a
                                                                                                                                           period
                                                                                                                                           of
                                                                                                                                           two
                                                                                                                                           years
                                                                                                                                           (except
                                                                                                                                           for
                                                                                                                                           tax
                                                                                                                                           or
                                                                                                                                           environmental
                                                                                                                                           claims
                                                                                                                                           which
                                                                                                                                           shall
                                                                                                                                           survive
                                                                                                                                           forever).
                                                                                                                                           The
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           cause
                                                                                                                                           the
                                                                                                                                           officers
                                                                                                                                           and
                                                                                                                                           directors
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           to
                                                                                                                                           resign
                                                                                                                                           so
                                                                                                                                           that
                                                                                                                                           the
                                                                                                                                           officers
                                                                                                                                           and
                                                                                                                                           directors
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           selected
                                                                                                                                           by
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           and/or
                                                                                                                                           its
                                                                                                                                           stockholders
                                                                                                                                           may
                                                                                                                                           become
                                                                                                                                           officers
                                                                                                                                           and
                                                                                                                                           directors
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange.

		(g)	The
                                                                                                                                           BABA
                                                                                                                                           board
                                                                                                                                           of
                                                                                                                                           directors
                                                                                                                                           will
                                                                                                                                           cause
                                                                                                                                           BABA
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           recapitalized
                                                                                                                                           as
                                                                                                                                           necessary
                                                                                                                                           to
                                                                                                                                           ensure
                                                                                                                                           the
                                                                                                                                           conditions
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           in
                                                                                                                                           Section
                                                                                                                                           1
                                                                                                                                           are
                                                                                                                                           met;
                                                                                                                                           at
                                                                                                                                           present,
                                                                                                                                           a
                                                                                                                                           cancellation
                                                                                                                                           of
                                                                                                                                           certain
                                                                                                                                           restricted
                                                                                                                                           shares.

		(h)	The
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           ensure
                                                                                                                                           that
                                                                                                                                           all
                                                                                                                                           shares
                                                                                                                                           issued
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           former
                                                                                                                                           stockholders
                                                                                                                                           of
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           by
                                                                                                                                           BABA
                                                                                                                                           in
                                                                                                                                           connection
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           are
                                                                                                                                           duly
                                                                                                                                           authorized,
                                                                                                                                           validly
                                                                                                                                           issued
                                                                                                                                           and
                                                                                                                                           non-assessable.

		4.	Santa
                                                                                                                                            Fe
                                                                                                                                            Responsibilities.

		(a)	Santa
                                                                                                                                 Fe
                                                                                                                                 shall
                                                                                                                                 provide
                                                                                                                                 BABA
                                                                                                                                 with
                                                                                                                                 a
                                                                                                                                 full
                                                                                                                                 report
                                                                                                                                 on
                                                                                                                                 Santa
                                                                                                                                 Fe
                                                                                                                                 and
                                                                                                                                 a
                                                                                                                                 complete
                                                                                                                                 set
                                                                                                                                 of
                                                                                                                                 due
                                                                                                                                 diligence
                                                                                                                                 materials
                                                                                                                                 and
                                                                                                                                 audited
                                                                                                                                 financials
                                                                                                                                 of
                                                                                                                                 Santa
                                                                                                                                 Fe
                                                                                                                                 prior
                                                                                                                                 to
                                                                                                                                 BABA
                                                                                                                                 beginning
                                                                                                                                 the
                                                                                                                                 recapitalization
                                                                                                                                 it
                                                                                                                                 intends
                                                                                                                                 to
                                                                                                                                 complete
                                                                                                                                 in
                                                                                                                                 anticipation
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Closing.

		(b)	Santa
                                                                                                                                 Fe
                                                                                                                                 will
                                                                                                                                 use
                                                                                                                                 its
                                                                                                                                 best
                                                                                                                                 efforts
                                                                                                                                 to
                                                                                                                                 complete
                                                                                                                                 the
                                                                                                                                 Financing.

		5.	The
                                                                                                                                            Exchange.

		(a)	Upon
                                                                                                                                           Santa
                                                                                                                                           Fe’s
                                                                                                                                           receipt
                                                                                                                                           of
                                                                                                                                           commitments
                                                                                                                                           to
                                                                                                                                           purchase
                                                                                                                                           its
                                                                                                                                           common
                                                                                                                                           stock
                                                                                                                                           sufficient
                                                                                                                                           to
                                                                                                                                           allow
                                                                                                                                           for
                                                                                                                                           the
                                                                                                                                           completion
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Financing,
                                                                                                                                           the
                                                                                                                                           parties
                                                                                                                                           intend
                                                                                                                                           to
                                                                                                                                           enter
                                                                                                                                           into
                                                                                                                                           a
                                                                                                                                           binding
                                                                                                                                           agreement
                                                                                                                                           to
                                                                                                                                           complete
                                                                                                                                           the
                                                                                                                                           Exchange
                                                                                                                                           when
                                                                                                                                           the
                                                                                                                                           conditions
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           herein
                                                                                                                                           are
                                                                                                                                           met.

		(b)	The
                                                                                                                                           Closing
                                                                                                                                           shall
                                                                                                                                           occur
                                                                                                                                           as
                                                                                                                                           soon
                                                                                                                                           as
                                                                                                                                           possible
                                                                                                                                           after,
                                                                                                                                           and
                                                                                                                                           no
                                                                                                                                           later
                                                                                                                                           than
                                                                                                                                           10
                                                                                                                                           days
                                                                                                                                           after,
                                                                                                                                           the
                                                                                                                                           date
                                                                                                                                           that
                                                                                                                                           all
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           following
                                                                                                                                           conditions
                                                                                                                                           have
                                                                                                                                           been
                                                                                                                                           met
                                                                                                                                           (in
                                                                                                                                           addition
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           conditions
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           elsewhere
                                                                                                                                           in
                                                                                                                                           this
                                                                                                                                           Section
                                                                                                                                           5):
                                                                                                                                           (a)
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           has
                                                                                                                                           notified
                                                                                                                                           BABA
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Approval,
                                                                                                                                           (b)
                                                                                                                                           the
                                                                                                                                           Financing
                                                                                                                                           is
                                                                                                                                           completed,
                                                                                                                                           (c)
                                                                                                                                           an
                                                                                                                                           audit
                                                                                                                                           of
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           has
                                                                                                                                           been
                                                                                                                                           completed
                                                                                                                                           that
                                                                                                                                           is
                                                                                                                                           sufficient
                                                                                                                                           to
                                                                                                                                           support,
                                                                                                                                           and
                                                                                                                                           be
                                                                                                                                           included
                                                                                                                                           in,
                                                                                                                                           the
                                                                                                                                           disclosures
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           made
                                                                                                                                           by
                                                                                                                                           BABA
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange,
                                                                                                                                           and
                                                                                                                                           (d)
                                                                                                                                           a
                                                                                                                                           draft
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Form
                                                                                                                                           8-K
                                                                                                                                           disclosing
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           and
                                                                                                                                           the
                                                                                                                                           business
                                                                                                                                           and
                                                                                                                                           financial
                                                                                                                                           statements
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange,
                                                                                                                                           commonly
                                                                                                                                           referred
                                                                                                                                           to
                                                                                                                                           as
                                                                                                                                           a
                                                                                                                                           “Super
                                                                                                                                           8-K”,
                                                                                                                                           is
                                                                                                                                           substantially
                                                                                                                                           complete
                                                                                                                                           and
                                                                                                                                           has
                                                                                                                                           been
                                                                                                                                           reviewed
                                                                                                                                           and
                                                                                                                                           approved
                                                                                                                                           by
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe.

		(c)	The
                                                                                                                                           completion
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           will
                                                                                                                                           be
                                                                                                                                           conditioned
                                                                                                                                           upon
                                                                                                                                           (i)
                                                                                                                                           BABA
                                                                                                                                           completing
                                                                                                                                           or
                                                                                                                                           causing
                                                                                                                                           the
                                                                                                                                           completion
                                                                                                                                           of
                                                                                                                                           all
                                                                                                                                           “BABA
                                                                                                                                           and
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           Responsibilities”
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           in
                                                                                                                                           Section
                                                                                                                                           3
                                                                                                                                           above
                                                                                                                                           that
                                                                                                                                           can
                                                                                                                                           be
                                                                                                                                           completed
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing,
                                                                                                                                           (ii)
                                                                                                                                           BABA
                                                                                                                                           entering
                                                                                                                                           into
                                                                                                                                           a
                                                                                                                                           binding
                                                                                                                                           agreement
                                                                                                                                           to
                                                                                                                                           complete
                                                                                                                                           or
                                                                                                                                           cause
                                                                                                                                           some
                                                                                                                                           other
                                                                                                                                           person
                                                                                                                                           or
                                                                                                                                           entity
                                                                                                                                           to
                                                                                                                                           complete
                                                                                                                                           all
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           “BABA
                                                                                                                                           and
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           Responsibilities”
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           in
                                                                                                                                           Section
                                                                                                                                           3
                                                                                                                                           above
                                                                                                                                           that
                                                                                                                                           cannot
                                                                                                                                           be
                                                                                                                                           completed
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing,
                                                                                                                                           and
                                                                                                                                           (iii)
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           completing
                                                                                                                                           the
                                                                                                                                           “Santa
                                                                                                                                           Fe
                                                                                                                                           Responsibilities”
                                                                                                                                           in
                                                                                                                                           Section
                                                                                                                                           4
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing.
                                                                                                                                           Assuming
                                                                                                                                           the
                                                                                                                                           Financing
                                                                                                                                           is
                                                                                                                                           completed
                                                                                                                                           with
                                                                                                                                           gross
                                                                                                                                           proceeds
                                                                                                                                           of
                                                                                                                                           $2,500,000
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           deduction
                                                                                                                                           of
                                                                                                                                           any
                                                                                                                                           expenses
                                                                                                                                           related
                                                                                                                                           the
                                                                                                                                           Financing,
                                                                                                                                           the
                                                                                                                                           shareholders
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           immediately
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           shall
                                                                                                                                           own
                                                                                                                                           approximately
                                                                                                                                           13.5%
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           issued
                                                                                                                                           and
                                                                                                                                           outstanding
                                                                                                                                           shares
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock
                                                                                                                                           (currently
                                                                                                                                           projected
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           6,000,000
                                                                                                                                           shares
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock)
                                                                                                                                           and
                                                                                                                                           approximately
                                                                                                                                           11.7%
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           fully-diluted
                                                                                                                                           shares
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock
                                                                                                                                           (assuming
                                                                                                                                           the
                                                                                                                                           exercise
                                                                                                                                           of
                                                                                                                                           all
                                                                                                                                           warrants
                                                                                                                                           to
                                                                                                                                           purchases
                                                                                                                                           shares
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock
                                                                                                                                           issued
                                                                                                                                           in
                                                                                                                                           connection
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           are
                                                                                                                                           exercised)
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Closing.
                                                                                                                                           Assuming
                                                                                                                                           the
                                                                                                                                           Financing
                                                                                                                                           is
                                                                                                                                           completed
                                                                                                                                           with
                                                                                                                                           gross
                                                                                                                                           proceeds
                                                                                                                                           of
                                                                                                                                           $2,500,000
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           deduction
                                                                                                                                           of
                                                                                                                                           any
                                                                                                                                           expenses
                                                                                                                                           related
                                                                                                                                           the
                                                                                                                                           Financing,
                                                                                                                                           at
                                                                                                                                           least
                                                                                                                                           75.3%
                                                                                                                                           (on
                                                                                                                                           a
                                                                                                                                           non-fully
                                                                                                                                           diluted
                                                                                                                                           basis)
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           will
                                                                                                                                           be
                                                                                                                                           held
                                                                                                                                           by
                                                                                                                                           the
                                                                                                                                           stockholders
                                                                                                                                           of
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           immediately
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing.

		(d)	The
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           is
                                                                                                                                           intended
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           a
                                                                                                                                           tax-free
                                                                                                                                           reorganization
                                                                                                                                           under
                                                                                                                                           the
                                                                                                                                           U.S.
                                                                                                                                           Internal
                                                                                                                                           Revenue
                                                                                                                                           Code
                                                                                                                                           and
                                                                                                                                           the
                                                                                                                                           parties
                                                                                                                                           shall
                                                                                                                                           cooperate
                                                                                                                                           to
                                                                                                                                           ensure
                                                                                                                                           such
                                                                                                                                           tax
                                                                                                                                           treatment
                                                                                                                                           is
                                                                                                                                           obtained
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           fullest
                                                                                                                                           extent
                                                                                                                                           possible.

		(e)	The
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           cause
                                                                                                                                           all
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           officers
                                                                                                                                           and
                                                                                                                                           directors
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           and
                                                                                                                                           certain
                                                                                                                                           affiliates
                                                                                                                                           and
                                                                                                                                           consultants
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           (as
                                                                                                                                           reasonably
                                                                                                                                           requested
                                                                                                                                           by
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           and
                                                                                                                                           as
                                                                                                                                           named
                                                                                                                                           and
                                                                                                                                           indentified
                                                                                                                                           in
                                                                                                                                           a
                                                                                                                                           schedule
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           created)
                                                                                                                                           to
                                                                                                                                           enter
                                                                                                                                           into
                                                                                                                                           a
                                                                                                                                           lock-up
                                                                                                                                           agreement
                                                                                                                                           (the
                                                                                                                                           “Lock-Up”)
                                                                                                                                           which
                                                                                                                                           will
                                                                                                                                           prohibit
                                                                                                                                           such
                                                                                                                                           persons
                                                                                                                                           or
                                                                                                                                           entities
                                                                                                                                           from
                                                                                                                                           selling
                                                                                                                                           any
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           BABA
                                                                                                                                           Common
                                                                                                                                           Stock
                                                                                                                                           until
                                                                                                                                           such
                                                                                                                                           Lock-Up
                                                                                                                                           expires
                                                                                                                                           upon
                                                                                                                                           the
                                                                                                                                           earlier
                                                                                                                                           of
                                                                                                                                           (i) 12
                                                                                                                                           months
                                                                                                                                           from
                                                                                                                                           the
                                                                                                                                           date
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           or
                                                                                                                                           (ii)
                                                                                                                                           listing
                                                                                                                                           on
                                                                                                                                           the
                                                                                                                                           American
                                                                                                                                           Stock
                                                                                                                                           Exchange,
                                                                                                                                           NASDAQ
                                                                                                                                           Stock
                                                                                                                                           Market
                                                                                                                                           (Global
                                                                                                                                           Market
                                                                                                                                           or
                                                                                                                                           Global
                                                                                                                                           Select
                                                                                                                                           Market)
                                                                                                                                           or
                                                                                                                                           the
                                                                                                                                           New
                                                                                                                                           York
                                                                                                                                           Stock
                                                                                                                                           Exchange.
                                                                                                                                           In
                                                                                                                                           addition
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           specific
                                                                                                                                           provisions
                                                                                                                                           mentioned
                                                                                                                                           in
                                                                                                                                           this
                                                                                                                                           Section
                                                                                                                                           5(e)
                                                                                                                                           the
                                                                                                                                           Lock-Up
                                                                                                                                           shall
                                                                                                                                           contain
                                                                                                                                           customary
                                                                                                                                           terms
                                                                                                                                           for
                                                                                                                                           such
                                                                                                                                           an
                                                                                                                                           agreement.

		(f)	If
                                                                                                                                           the
                                                                                                                                           conditions
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           in
                                                                                                                                           subsections
                                                                                                                                           (ii)
                                                                                                                                           and
                                                                                                                                           (iii)
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           first
                                                                                                                                           sentence
                                                                                                                                           of
                                                                                                                                           Section
                                                                                                                                           5(c)
                                                                                                                                           are
                                                                                                                                           met,
                                                                                                                                           then
                                                                                                                                           the
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           cause
                                                                                                                                           all
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           officers,
                                                                                                                                           directors,
                                                                                                                                           affiliates
                                                                                                                                           and
                                                                                                                                           consultants
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           prior
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           to
                                                                                                                                           enter
                                                                                                                                           into
                                                                                                                                           a
                                                                                                                                           leak-out
                                                                                                                                           agreement
                                                                                                                                           (the
                                                                                                                                           “Leak-Out”)
                                                                                                                                           which
                                                                                                                                           shall
                                                                                                                                           expire
                                                                                                                                           6
                                                                                                                                           months
                                                                                                                                           after
                                                                                                                                           the
                                                                                                                                           termination
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Lock-Up.
                                                                                                                                           The
                                                                                                                                           Leak-Out
                                                                                                                                           will
                                                                                                                                           allow
                                                                                                                                           no
                                                                                                                                           more
                                                                                                                                           than
                                                                                                                                           1/6
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           holdings
                                                                                                                                           of
                                                                                                                                           any
                                                                                                                                           shareholder
                                                                                                                                           to
                                                                                                                                           be
                                                                                                                                           sold
                                                                                                                                           in
                                                                                                                                           any
                                                                                                                                           rolling
                                                                                                                                           6
                                                                                                                                           month
                                                                                                                                           period.
                                                                                                                                           In
                                                                                                                                           addition
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           specific
                                                                                                                                           provisions
                                                                                                                                           mentioned
                                                                                                                                           in
                                                                                                                                           this
                                                                                                                                           Section
                                                                                                                                           5(f),
                                                                                                                                           the
                                                                                                                                           Leak-Out
                                                                                                                                           shall
                                                                                                                                           contain
                                                                                                                                           customary
                                                                                                                                           terms
                                                                                                                                           for
                                                                                                                                           such
                                                                                                                                           an
                                                                                                                                           agreement.

		6.	Plan
                                                                                                                                            of
                                                                                                                                            Exchange.

The
Plan of Exchange shall include, contain or provide:

		(a)	Representations
                                                                                                                                           and
                                                                                                                                           Warranties.
                                                                                                                                           Customary
                                                                                                                                           and
                                                                                                                                           usual
                                                                                                                                           representations
                                                                                                                                           and
                                                                                                                                           warranties
                                                                                                                                           by
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe.

		(b)	Opinions
                                                                                                                                           of
                                                                                                                                           Counsel.
                                                                                                                                           Delivery
                                                                                                                                           at
                                                                                                                                           Closing
                                                                                                                                           of
                                                                                                                                           favorable
                                                                                                                                           opinions
                                                                                                                                           of
                                                                                                                                           counsel
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           with
                                                                                                                                           respect
                                                                                                                                           to
                                                                                                                                           customary
                                                                                                                                           and
                                                                                                                                           usual
                                                                                                                                           matters
                                                                                                                                           of
                                                                                                                                           law
                                                                                                                                           covered
                                                                                                                                           for
                                                                                                                                           similar
                                                                                                                                           transactions.

		(c)	Financial
                                                                                                                                           and
                                                                                                                                           Other
                                                                                                                                           Information.

		(i)	The
                                                                                                                                             examination
                                                                                                                                             and
                                                                                                                                             inspection
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             books
                                                                                                                                             and
                                                                                                                                             records
                                                                                                                                             of
                                                                                                                                             each
                                                                                                                                             of
                                                                                                                                             BABA
                                                                                                                                             and
                                                                                                                                             Santa
                                                                                                                                             Fe
                                                                                                                                             prior
                                                                                                                                             to
                                                                                                                                             Closing;
                                                                                                                                             the
                                                                                                                                             delivery
                                                                                                                                             no
                                                                                                                                             later
                                                                                                                                             than
                                                                                                                                             at
                                                                                                                                             Closing
                                                                                                                                             of
                                                                                                                                             customary
                                                                                                                                             schedules
                                                                                                                                             listing
                                                                                                                                             BABA’s
                                                                                                                                             and
                                                                                                                                             Santa
                                                                                                                                             Fe’s
                                                                                                                                             material
                                                                                                                                             contracts;
                                                                                                                                             real
                                                                                                                                             and
                                                                                                                                             personal
                                                                                                                                             properties;
                                                                                                                                             pending,
                                                                                                                                             threatened
                                                                                                                                             and
                                                                                                                                             contemplated
                                                                                                                                             legal
                                                                                                                                             proceedings;
                                                                                                                                             employees;
                                                                                                                                             assets
                                                                                                                                             and
                                                                                                                                             liabilities,
                                                                                                                                             including
                                                                                                                                             contingencies
                                                                                                                                             and
                                                                                                                                             commitments;
                                                                                                                                             and
                                                                                                                                             other
                                                                                                                                             information
                                                                                                                                             reasonably
                                                                                                                                             requested;
                                                                                                                                             and

		(ii)	Each
                                                                                                                                              of
                                                                                                                                              BABA
                                                                                                                                              and
                                                                                                                                              Santa
                                                                                                                                              Fe
                                                                                                                                              shall
                                                                                                                                              provide
                                                                                                                                              the
                                                                                                                                              other
                                                                                                                                              annual
                                                                                                                                              audited
                                                                                                                                              financial
                                                                                                                                              statements
                                                                                                                                              and
                                                                                                                                              interim
                                                                                                                                              unaudited
                                                                                                                                              financial
                                                                                                                                              statements
                                                                                                                                              consisting
                                                                                                                                              of
                                                                                                                                              a
                                                                                                                                              balance
                                                                                                                                              sheet
                                                                                                                                              and
                                                                                                                                              a
                                                                                                                                              related
                                                                                                                                              statement
                                                                                                                                              of
                                                                                                                                              income
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              period
                                                                                                                                              then
                                                                                                                                              ended
                                                                                                                                              which
                                                                                                                                              fairly
                                                                                                                                              present
                                                                                                                                              the
                                                                                                                                              financial
                                                                                                                                              condition
                                                                                                                                              of
                                                                                                                                              each
                                                                                                                                              as
                                                                                                                                              of
                                                                                                                                              their
                                                                                                                                              respective
                                                                                                                                              dates
                                                                                                                                              and
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              periods
                                                                                                                                              involved,
                                                                                                                                              and
                                                                                                                                              such
                                                                                                                                              audited
                                                                                                                                              statements
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              prepared
                                                                                                                                              in
                                                                                                                                              accordance
                                                                                                                                              with
                                                                                                                                              generally
                                                                                                                                              accepted
                                                                                                                                              accounting
                                                                                                                                              principles
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              United
                                                                                                                                              States
                                                                                                                                              consistently
                                                                                                                                              applied
                                                                                                                                              for
                                                                                                                                              such
                                                                                                                                              period
                                                                                                                                              or
                                                                                                                                              periods
                                                                                                                                              as
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              set
                                                                                                                                              forth
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              Plan
                                                                                                                                              of
                                                                                                                                              Exchange.

		(d)	Costs
                                                                                                                                           and
                                                                                                                                           Expenses.
                                                                                                                                           Each
                                                                                                                                           party
                                                                                                                                           shall
                                                                                                                                           bear
                                                                                                                                           and
                                                                                                                                           pay
                                                                                                                                           its
                                                                                                                                           own
                                                                                                                                           costs
                                                                                                                                           and
                                                                                                                                           expenses.

		(e)	Conduct
                                                                                                                                           of
                                                                                                                                           Business
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           Pending
                                                                                                                                           Closing.
                                                                                                                                           Except
                                                                                                                                           for
                                                                                                                                           a
                                                                                                                                           private
                                                                                                                                           placement
                                                                                                                                           of
                                                                                                                                           approximately
                                                                                                                                           5,000,000
                                                                                                                                           to
                                                                                                                                           10,000,000
                                                                                                                                           shares
                                                                                                                                           of
                                                                                                                                           Santa
                                                                                                                                           Fe’s
                                                                                                                                           common
                                                                                                                                           stock
                                                                                                                                           and
                                                                                                                                           until
                                                                                                                                           consummation
                                                                                                                                           or
                                                                                                                                           termination
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange,
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           will
                                                                                                                                           conduct
                                                                                                                                           business
                                                                                                                                           only
                                                                                                                                           in
                                                                                                                                           the
                                                                                                                                           ordinary
                                                                                                                                           course
                                                                                                                                           and
                                                                                                                                           none
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           assets
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           or
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           shall
                                                                                                                                           be
                                                                                                                                           sold
                                                                                                                                           or
                                                                                                                                           disposed
                                                                                                                                           of
                                                                                                                                           except
                                                                                                                                           in
                                                                                                                                           the
                                                                                                                                           ordinary
                                                                                                                                           course
                                                                                                                                           of
                                                                                                                                           business
                                                                                                                                           or
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           written
                                                                                                                                           consent
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           BABA,
                                                                                                                                           in
                                                                                                                                           the
                                                                                                                                           case
                                                                                                                                           of
                                                                                                                                           Santa
                                                                                                                                           Fe,
                                                                                                                                           or
                                                                                                                                           Santa
                                                                                                                                           Fe,
                                                                                                                                           in
                                                                                                                                           the
                                                                                                                                           case
                                                                                                                                           of
                                                                                                                                           BABA.

		(f)	SEC
                                                                                                                                           Reporting.
                                                                                                                                           A
                                                                                                                                           Current
                                                                                                                                           Report
                                                                                                                                           on
                                                                                                                                           Form
                                                                                                                                           8-K
                                                                                                                                           reflecting
                                                                                                                                           consolidated,
                                                                                                                                           combined
                                                                                                                                           financial
                                                                                                                                           statements
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           will
                                                                                                                                           be
                                                                                                                                           prepared
                                                                                                                                           by
                                                                                                                                           Santa
                                                                                                                                           Fe,
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           good
                                                                                                                                           faith
                                                                                                                                           assistance
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           pre-Closing
                                                                                                                                           officers
                                                                                                                                           and
                                                                                                                                           directors
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           filed
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           SEC
                                                                                                                                           in
                                                                                                                                           conjunction
                                                                                                                                           with
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange.
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           shall
                                                                                                                                           bear
                                                                                                                                           the
                                                                                                                                           costs
                                                                                                                                           and
                                                                                                                                           expense
                                                                                                                                           for
                                                                                                                                           all
                                                                                                                                           required
                                                                                                                                           audited
                                                                                                                                           and
                                                                                                                                           reviewed
                                                                                                                                           financial
                                                                                                                                           statements
                                                                                                                                           of
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           and
                                                                                                                                           its
                                                                                                                                           subsidiaries.
                                                                                                                                           The
                                                                                                                                           BABA
                                                                                                                                           Indemnity
                                                                                                                                           Party
                                                                                                                                           shall
                                                                                                                                           bear
                                                                                                                                           the
                                                                                                                                           costs
                                                                                                                                           and
                                                                                                                                           expense
                                                                                                                                           for
                                                                                                                                           all
                                                                                                                                           required
                                                                                                                                           audited
                                                                                                                                           and
                                                                                                                                           reviewed
                                                                                                                                           financial
                                                                                                                                           statements
                                                                                                                                           of
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           its
                                                                                                                                           subsidiaries
                                                                                                                                           (other
                                                                                                                                           than
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           and
                                                                                                                                           its
                                                                                                                                           subsidiaries).

		(g)	Permits.
                                                                                                                                           BABA
                                                                                                                                           and
                                                                                                                                           Santa
                                                                                                                                           Fe
                                                                                                                                           shall
                                                                                                                                           have
                                                                                                                                           received
                                                                                                                                           all
                                                                                                                                           permits,
                                                                                                                                           authorizations,
                                                                                                                                           regulatory
                                                                                                                                           approvals
                                                                                                                                           and
                                                                                                                                           third
                                                                                                                                           party
                                                                                                                                           consents
                                                                                                                                           necessary
                                                                                                                                           for
                                                                                                                                           the
                                                                                                                                           consummation
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Closing
                                                                                                                                           of
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange,
                                                                                                                                           and
                                                                                                                                           all
                                                                                                                                           applicable
                                                                                                                                           legal
                                                                                                                                           requirements
                                                                                                                                           shall
                                                                                                                                           have
                                                                                                                                           been
                                                                                                                                           satisfied.

		(h)	Finder’s
                                                                                                                                           Fee.
                                                                                                                                           Except
                                                                                                                                           as
                                                                                                                                           expressly
                                                                                                                                           indicated
                                                                                                                                           herein,
                                                                                                                                           no
                                                                                                                                           finder’s
                                                                                                                                           fee
                                                                                                                                           or
                                                                                                                                           similar
                                                                                                                                           payment
                                                                                                                                           with
                                                                                                                                           respect
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           Share
                                                                                                                                           Exchange
                                                                                                                                           shall
                                                                                                                                           be
                                                                                                                                           paid
                                                                                                                                           by
                                                                                                                                           any
                                                                                                                                           party
                                                                                                                                           hereto.

		(i)	Indemnification.
                                                                                                                                           The
                                                                                                                                           Plan
                                                                                                                                           of
                                                                                                                                           Exchange
                                                                                                                                           shall
                                                                                                                                           contain
                                                                                                                                           customary
                                                                                                                                           and
                                                                                                                                           usual
                                                                                                                                           indemnification
                                                                                                                                           and
                                                                                                                                           hold
                                                                                                                                           harmless
                                                                                                                                           provisions.

		7.	Costs
                                                                                                                                            and
                                                                                                                                            Expenses.

Except
as explicitly provided in the Plan of Exchange, each party hereto shall bear and pay its own costs and expenses.

		8.	Timing.

BABA
shall instruct its legal counsel to prepare all necessary documentation to permit the Closing to occur as soon as possible after
the Closing.

		9.	Notices.

All
notices or other information deemed required or necessary to be given to BABA or Santa Fe shall be given at the following addresses:

Baby
All Corp

113
Barksdale Professional Center

Newark,
DE 19711

 

Santa
Fe Operating, Inc.

4011
W. Plano Pkwy, Suite 126

Plano,
TX 75093

 

		10.	Confidentiality.

(a)By
its execution hereof, BABA acknowledges to and agrees with Santa Fe that in the exercise of the several rights granted to it pursuant
to this Letter of Intent, BABA, and/or its agents and affiliates, may become familiar with or aware of certain Confidential Information
(as such term is hereinafter defined) disclosed by Santa Fe or one or more of its officers, directors, employees, shareholders,
partners, agents or representatives (each of such relationships being defined herein as an “Affiliate”). Accordingly,
BABA hereby agrees that any and all Confidential Information disclosed or furnished to it or to any of its Affiliates, by Santa
Fe or any of its Affiliates, is and shall remain proprietary to Santa Fe. Neither BABA, nor any Affiliate of BABA, shall have
any rights to distribute or divulge any of such Confidential Information to any third party without Santa Fe’s prior consent,
or to use any of such Confidential Information in any way detrimental to Santa Fe or any of its Affiliates, or in any way which
would otherwise destroy, injure or impair any of Santa Fe’s or its Affiliates’ rights in or in respect of any such
Confidential Information including, without limitation, by using any of such Confidential Information to solicit away from Santa
Fe any of its employees, contractors, customers or vendors or other business relationships, or to establish or assist any person
or entity which is or will be, directly or indirectly, in competition with Santa Fe. For purposes of this Letter of Intent, the
term “Confidential Information” shall mean any and all proprietary information belonging to Santa Fe, whether tangible
or intangible, written or oral, including, without limitation, any intellectual property rights, technical or scientific information,
design, processes, procedures, inventions, research, formulae, notes, analyses, compilations, studies, interpretations, memoranda,
shareholder lists and contact information, customer lists, business plans, projections, research, finances, books and records,
computer software and files, lists of (or proprietary information concerning) its customers, suppliers, vendors and other business
relationships, and any other item which may properly be classified as a protected trade secret. BABA expressly agrees and understands
that its agreement to abide by the provisions of this Section 10 constitute a material part of the consideration inducing
Santa Fe to enter into this Letter of Intent and consider the transactions contemplated herein, and that any violation of such
provisions could create immediate and irreparable harm to Santa Fe. In the event of any breach of this Section 10, BABA
and Santa Fe hereby agree that, in addition to whatever other remedies may be available to Santa Fe, it shall be entitled to seek
injunctive and other equitable relief, and Santa Fe hereby waives any bonding or other requirement as a precursor thereto.

(b)The
substance of any public announcement with respect to the Share Exchange, other than notices required by law, shall be approved
in advance by all parties or their duly authorized representatives.

		11.	Binding Nature.

This
Letter of Intent merely evidences the intention of BABA and Santa Fe and is not intended by any party to be legally binding.

		12.	Termination.

The
parties hereto agree that this Letter of Intent will be automatically terminated if the Closing has not occurred before or on
May 1, 2012 and will be of no further affect on the parties hereto thereafter. However, this Letter of Intent may be extended
past May 1, 2012 by written approval of both BABA and Santa Fe.

		13.	Counterparts.

This
Letter of Intent may be executed in any number of counterparts and each such counterpart shall be deemed to be an original instrument,
but all of such counterparts together shall constitute but one agreement.

		14.	Gouverning Law.

The
transactions which are contemplated herein, to the extent permitted, shall be governed by and construed in accordance with the
laws of the State of the Delaware.

     

     

    

 

If
the foregoing correctly sets forth the substance of the understanding of the parties, please execute this Letter of Intent in
duplicate, retain one copy for your records, and return one to _____________ at his address, which is _________________________________.

Very
truly yours,

 

 

Baby
All Corp.,

a
Delaware corporation

 

 

By:________________

Arafat
Schwartz                                                                        Accepted this _____ day of April, 2012.

President

 

 

Santa
Fe Operating, Inc.,

a
Delaware corporation

 

 

By:_____________

Bruce
Hall                                                                                 Accepted this _____ day of April 2012.

Chief
Executive Officer

 

 

 

ACKNOWLEDGED
AND AGREED TO:

 

 

 

Arafat
Schwartz

 

     

     

    

Exhibit
A

 

Capitalization
Table After Share Exchange

 

 

     

     

    

Schedule
1(c)

 

Assets

 

1.Design
patent for infant medical dispensers, as more fully described in the Registration Statement on Form S-1/A, as filed with the Securities
and Exchange Commission on January 9, 2012.ex10_1summary2013incentive

Exhibit 10.1
Summary Description of The Dixie Group, Inc.
2013 Incentive Compensation Plan/Range of Incentives
as effective on February 14, 2013

The following is a description of the Company's 2013 Incentive Plan (“Plan”) for its executive officers as effective February 14, 2013.
Pursuant to the Plan, each executive officer will have the opportunity to earn a Cash Incentive Award, a Primary Long-Term Incentive Award of restricted stock, and an award of Career Shares.   In order to receive any incentive award under the Plan, an executive officer must be actively employed by the Company at the time such award is paid.  The potential range of cash incentives and conditions to vesting awards of Primary Long Term Incentive Shares and Career Shares are described below.
Cash Incentive Awards
For the CEO and all executive officers whose responsibilities are primarily related to corporate-level administration, the Cash Incentive Award component provides each participant with the opportunity to earn a cash incentive ranging from 15% to 75% of such participant's base salary as of January 1, 2013.  For executive officers in this category, 40% of the amount of the Cash Incentive Award is determined based on the achievement of specified levels of the Company's annual Operating Income, as adjusted for unusual items, 40% of the amount is determined based on achievement of specified levels of the annual Operating Income of the Company's Residential Business Unit, as adjusted for unusual items, and 20% of the amount is determined based on achievement of specified levels of the Company's annual Contract Operating Income, as adjusted for unusual items.  The Compensation Committee may reduce the amount of any award by up to 30% of the amount otherwise earned based on the participant's failure to achieve individual performance goals set by the Compensation Committee.
For executive officers whose responsibilities are primarily related to one of the Company's business units, the Cash Incentive Award component provides each participant with the opportunity to earn a cash incentive ranging from 15% to 75% of such participant's base salary.  For executive officers in this category, 50% of the amount of the Cash Incentive Award is determined based on the achievement of specified levels of their annual business unit Operating Income, as adjusted for unusual items, 25% of the amount is determined based on the achievement of specified levels of the Company's annual consolidated Operating Income, as adjusted for unusual items, and 25% of the amount is determined based on the achievement of specified levels of the annual Operating Income of the Company's other business units, as adjusted for unusual terms.  The Compensation Committee may reduce the amount of any award by up to 30% of the amount otherwise earned based on the participant's failure to achieve individual performance goals set by the Compensation Committee.
Cash Incentive Awards earned under the Plan will be based on the participant's base salary as established by the Compensation Committee, and it is anticipated that such awards will be paid to participants in cash on or prior to March 14, 2014.

 Page 1

Primary Long-Term Incentive Awards and Career Shares
A Primary Long-Term Incentive Award will be made in restricted shares to each executive officer, the value of which will be equal to 35% of the executive's base salary plus any Cash Incentive Award paid for such year.  Career Shares will be awarded to each executive officer as an award of restricted stock valued at 20% of such officer's base salary.  Such awards will be valued based on the market price of the Company's common stock at the time of grant of the award; provided, however, that, for calculation purposes, in no event shall the Company's common stock be valued at an amount less than $5.00 per share.
Primary Long-Term Incentive Awards will vest over 3 years, and Career Shares will vest when the participant becomes (i) qualified to retire from the Company and (ii) has retained the Career Shares for 24 months following the grant date, subject to accelerated vesting or forfeiture as described below.  For any participant who becomes age 60 (or any participant who is already age 60 at the time of an award) restricted shares will vest equally over the stated vesting or retention period (three years in the case of Primary Long-Term Incentive awards and two years in the case of Career Shares awards); provided, however, that in no case will such awards be issued later than two and one half months following the year in which such awards vest or are no longer subject to a substantial risk of forfeiture.
Special Conditions to Awards
The Primary Long-Term Incentive Awards will only be made if the Company achieves a minimum Operating Income performance level, as adjusted for unusual items; Career Share Awards will only be made if the Company's operating income for fiscal 2013 is positive.  Death, disability or a change in control of the Company will cause immediate vesting of all restricted stock issued as Career Shares and as Primary Long-Term Incentive Share Awards.  Termination without cause will result in immediate vesting of all Career Share Awards, and acceleration of vesting of Primary Long-Term Incentive Share Awards to the extent such shares have been expensed by the Company.  Voluntary termination of employment prior to retirement, or termination of employment for cause will result in the immediate forfeiture of all unvested awards under the Plan.  Upon an executive's retirement, vesting will accelerate to the extent that the Company has recognized compensation expense related to the shares.  In the event the Plan does not have enough available shares of common stock to fulfill the stock awards portion of the Plan, any stock award granted will be subject to the approval of additional shares by the Company's shareholders.
Compensation Committee Oversight of Payments
The Compensation Committee has the authority to review and certify the achievement of the performance goals and to administer and interpret the Incentive Compensation Plan.  As set forth above, any award to a participant for 2013 may be reduced, but not increased, by the Compensation Committee in its sole discretion based on individual performance criteria.

 Page 2

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