Document:

Exhibit 10.1

 

CONFIDENTIAL

EXECUTION COPY

 

NAC
GLOBAL TECHNOLOGIES, INC.

4720
Salisbury Road

Jacksonville,
FL 32256

 

April
__, 2016

 

Mr.
Antonio Monesi

Chief
Executive Officer

Bellelli
Engineering S.p.A.

Viale
della Cooperazione, 37

45100
Rovigo

Italy

 

Mr.
Filippo M. Puglisi

Chief
Executive Officer

Swiss
Heights Engineering S.A.

Via
Pioda 14

6900
Lugano

Switzerland

 

	 	Re:
	Binding Letter of Intent

 

Gentlemen:

 

This
binding Letter of Intent (this “LOI”) outlines the general terms and conditions pursuant to which NAC
Global Technologies, Inc. (together with its affiliates, the “Company” or “NAC”)
proposes to execute a business combination (the “Proposed Transaction”) with Bellelli Engineering S.p.A.
(“Bellelli”) and Swiss Heights Engineering S.A (“Swiss Heights”), or an entity
to be formed by Bellelli and Swiss Heights which shall be referred to herein as “SHE Holding Co.” (together with Bellelli
and Swiss Heights, the “SHE Parties”), substantially in accordance with the proposed terms and conditions
in Exhibit A hereto (the “Term Sheet”).

 

1.Definitive
Agreements. The obligations of the SHE Parties and the Company to consummate the Proposed Transaction are subject to and conditioned
upon the negotiation and execution of definitive agreements, including a merger, share exchange or other acquisition agreement
(the “Acquisition Agreement”) and other documents (collectively with the Acquisition Agreement, the
“Definitive Agreements”), containing such terms and provisions as are customarily included in documentation
for a transaction of this nature and magnitude and as are otherwise agreed to by the SHE Parties and the Company. The closing
of the Proposed Transaction contemplated hereby (the “Closing”) will be subject to the satisfaction
of all conditions precedent to closing as identified in the Acquisition Agreement and as set forth on the attached Term Sheet.
The SHE Parties and the Company will use their commercially reasonable best efforts to enter into Definitive Agreements on or
before May 9, 2016.

 

2.Confidentiality;
Publicity. The parties acknowledge that on or about the date hereof they are entering into a separate Mutual Non-Disclosure
Agreement (the “NDA”), and that the terms of this LOI and the discussions between the parties and their
Representatives (as defined below) will be subject to the terms and conditions of the NDA. Except as required by applicable law,
rule or regulation (including U.S. Securities and Exchange Commission (the “SEC”) and applicable stock
exchange requirements) or any governmental, judicial, regulatory or supervisory authority having jurisdiction over such party
or its affiliates or any of their respective officers, directors, employees, consultants, contractors, agents and financial and
legal advisors (collectively with such affiliates, such party’s “Representatives”) (any of the
foregoing, “Applicable Law”), neither the Company (including its officers, directors, employees, shareholders
and affiliates), on the one hand, nor the SHE Parties (including their respective officers, directors, employees, shareholders
and affiliates), on the other hand, will make any public announcements relating to the Proposed Transaction without the prior
written consent of the other parties. In the event a public announcement relating to the Proposed Transaction is required by Applicable
Law (including any filing of a Form 8-K by the Company announcing the Company’s entrance into this LOI), the disclosing
party will consult with the other parties with respect to such disclosure reasonably in advance of making such disclosure, and
will consider in good faith and accept all reasonable comments on such disclosure made by the other parties.

 

    

     

    

CONFIDENTIAL

 

3.Exclusivity.
In consideration of the considerable time, effort and expense to be undertaken by the SHE Parties in connection with the Proposed
Transaction, the Company agrees that during the period beginning with the date that this LOI is accepted by the SHE Parties as
set forth on the signature page hereto and ending sixty (60) days thereafter (such period, the “Exclusivity Period”),
the Company will not, and the Company will cause its Representatives not to, directly or indirectly, solicit or initiate or enter
into discussions, negotiations or transactions with, or encourage, or provide any information to, any individual, corporation,
partnership, limited liability company or other entity or group (other than the SHE Parties and their affiliates) concerning any
transaction with respect to the direct or indirect sale, transfer, license or other disposition of the Company, its equity interests
or its business or material assets (outside of the ordinary course of business), whether by purchase, merger, consolidation, recapitalization,
exclusive license or otherwise, or any similar transaction that would reasonably be expected to prohibit or materially impair
the Proposed Transaction (a “Competing Transaction”), or enter into any agreement in principle, letter
of intent or definitive agreement with respect thereto. The Company shall immediately suspend any pre-existing discussion with
all parties other than the SHE Parties regarding any solicitation or offer for a Competing Transaction. During the Exclusivity
Period, the Company shall promptly (but in any event within 2 business days) after receipt notify the SHE Parties if it receives
any solicitation or offer for a Competing Transaction. The Company represents that neither the Company nor any of its affiliates
or shareholders is party to or bound by any binding or non-binding agreement or understanding with respect to any Competing Transaction.
Without limiting any other rights or remedies available to the SHE Parties under this LOI or applicable law, if any time during
the Exclusivity Period the Company enters into a letter of intent, agreement or other commitment relating to any Competing Transaction
(however structured), the Company shall pay to the SHE Parties the amount of their reasonable costs and expenses (including attorneys’
fees and costs) incurred in connection with this LOI and the Proposed Transaction, including the structuring, investigation, documentation
and negotiation of the Proposed Transaction.

 

4.Conduct
of Business. During the Exclusivity Period, except with the prior written consent of the SHE Parties, the Company will: (a)
conduct its business in the ordinary course in a manner consistent with past practice (except as expressly otherwise contemplated
herein), including maintaining normal cash collection and payment policies and paying expenses, payables and other obligations
when due in the ordinary course; (ii) maintain its properties and other assets in good working condition (normal wear and tear
excepted); and (iii) use its best efforts to maintain the business and employees, customers, assets and operations as an ongoing
concern in accordance with past practice.

 

5.Access.
Prior to the Termination Date (as defined below), the Company will, upon reasonable advance notice and during normal business
hours, afford the SHE Parties and their Representatives with reasonable access to its assets, properties, facilities, books and
records and personnel. The Company will furthermore cooperate with the SHE Parties and their Representatives regarding all due
diligence matters, including document requests. Prior to the Termination Date, the Company will promptly (but in any event within
48 hours) after it becomes aware of such event notify the SHE Parties of any material adverse event affecting the Company, its
businesses or the Company’s ability to consummate the Proposed Transaction in accordance with the terms and conditions of
this LOI.

 

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CONFIDENTIAL

 

6.Expenses.
Whether or not the parties enter into Definitive Agreements with respect to the Proposed Transaction (but subject to the terms
and conditions of the Definitive Agreements if the parties do enter into the Definitive Agreements), and except as otherwise provided
herein, each of the parties hereto will pay its own costs and expenses (including legal, financial advisory and accounting fees
and expenses) incurred at any time in connection with pursuing or consummating the Proposed Transaction.

 

7.Termination.
This LOI will can be terminated as follows: (a) by the mutual written agreement of the parties to terminate this LOI; or (b)
by the Company or any of the SHE Parties after the expiration of the Exclusivity Period. Any termination of this LOI pursuant
to clause (b) above shall be pursuant to a written notice provided by the terminating party to the other set of parties and, except
as otherwise set forth in such notice, any termination in accordance with this paragraph 7 shall be effective upon receipt of
such written notice by the non-terminating party (the date of termination being the “Termination Date”).
Upon termination of this LOI, this LOI will be deemed null, void and of no further force or effect, and all obligations and liabilities
of the parties under this LOI or otherwise related to the Proposed Transaction will terminate, except for the respective continuing
obligations of the parties in paragraphs 2 and 6 and this paragraph 7 (and paragraphs 8 and 9 with respect to the interpretation
and enforcement thereof), which will survive any termination of this LOI indefinitely (unless a lesser period is expressly contemplated
by their terms). The termination of this LOI will not relieve any of the parties of liability for such party’s pre-termination
breach of this LOI or any other agreement among the parties.

 

8.Governing
Law; Jurisdiction; Waiver of Jury Trial. This LOI and the rights and obligations
of the parties hereunder will be governed by and construed under and in accordance with the laws of the State of New York, without
regard to conflicts of law principles that would result in the application of any laws other than the laws of the State of New
York. Each party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction, of
the state and federal courts seated in New York County, New York and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this LOI or for recognition or enforcement of any judgment relating thereto, and each of the parties
hereby irrevocably and unconditionally (a) agrees not to commence any such action or proceeding except in such courts, (b) agrees
that any claim in respect of any such action or proceeding may be heard and determined in such court, (c) waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any such
action or proceeding in any such court, and (d) waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court. Each party agrees that a final judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by law. Each party hereby knowingly, voluntarily and intentionally irrevocably waives the
right to a trial by jury in respect to any litigation, dispute, claim, legal action or other legal proceeding based hereon, or
arising out of, under, or in connection with, this LOI.

 

9.Miscellaneous.
This LOI supersedes any prior written or oral understanding or agreements between the parties related to the subject matter
hereof (other than the NDA). This LOI may be amended, modified or supplemented only by written agreement of the parties. The headings
set forth in this LOI are for convenience of reference only and shall not be used in interpreting this LOI. In this LOI, the term
“including” (and with correlative meaning “include”) means including without limiting the generality of
any description preceding or succeeding such term and shall be deemed in each case to be followed by the words “without
limitation”. As used in this LOI, a “business day” means a day other than a Saturday, Sunday or day on which
commercial banks in New York, New York are authorized or obligated by law or executive order to close. This LOI may be executed
in any number of counterparts (including by facsimile, pdf or other electronic document transmission), each of which shall be
deemed to be an original, but all such counterparts shall together constitute one and the same instrument.

 

[Remainder
of Page Intentionally Left Blank; Signature Page Follows]

 

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CONFIDENTIAL

 

Please
acknowledge your acceptance of and agreement to the foregoing by signing and returning to the undersigned as soon as possible
a counterpart of this LOI.

 

	 	Very truly yours,
	 	 	 
	 	NAC Global Technologies, Inc. 

(on behalf of itself and its affiliates)
	 	 
	 	By:	          
	 	Name:	 
	 	Title:	 

 

ACCEPTED
AND AGREED TO AS OF

April
___, 2016

 

	Bellelli Engineering S.p.A.	 
	 	 
	By:	         	 
	Name:	 	 
	Title:	 	 

 

Swiss
Heights Engineering, S.A.

 

	By:	         	 
	Name:	 	 
	Title:	 	 

  

 

[Signature
Page to Letter of Intent]

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CONFIDENTIAL

 

EXHIBIT A

 

SUMMARY
OF THE TERMS OF THE PROPOSED TRANSACTION

(all figures in $USD)

 

	Merger Partner:	 	NAC Global Technologies, Inc. (together with its affiliates, the “Company” or “NAC”) 
	Place of Incorporation: 	 	Nevada, United States
	Trading Symbol:	 	NACG
	Stock Exchange:	 	OTCBB
	 	 	 
	Merger Partners:	 	Bellelli Engineering S.p.A. (“Bellelli”) and Swiss Heights Engineering, S.A. (“Swiss Heights”), or an entity to be formed by Bellelli and Swiss Heights which shall be referred to herein as “SHE Holding Co.” (together with Bellelli and Swiss Heights, the “SHE Parties”).
	 	 	 
	Proposed Transaction and Combined Company Name:	 	Subject to legal and accounting structuring advice, in the Proposed Transaction the parties will enter into a reverse merger, share exchange or other business combination pursuant to which the SHE Parties will become wholly-owned subsidiaries of NAC, and the shareholders of the SHE Parties will receive equity interests of NAC.  The name of the post-merger public company (the “Combined Company”) may be changed after the closing of the Proposed Transaction (the “Closing”) to a name to be determined.  
	 	 	 
	Public Company Ownership:	 	Upon Closing, the holders of NAC capital stock and other equity interests, including any holders of options or warrants (other than (i) the Series A Warrants and Series B Warrants issued pursuant to the final prospectus of the Company filed with the Securities and Exchange Commission (File No. 333-200969) and effective as of August 11, 2015, and (ii) the Warrant for 21,800 shares of Company common stock issued by the Company to Ruggiere Ventures, LLC on January 8, 2015 (clauses (i) and (ii) together, the “Warrants”)) (the “NAC Shareholders”), shall be entitled to retain 4.25% of the capital stock of the Combined Company on a fully-diluted basis.  The Warrants will be excluded from this 4.25% calculation (provided, that the terms of the Warrants may not be amended without the prior written consent of the SHE Parties). 
	 	 	 
	Company Liabilities:	 	NAC may not have more than a total of $1,200,000 in debt that is due and payable within 12 months after the Closing.  Any debt exceeding such $1,200,000 aggregate limit that is due and payable within 12 months after the Closing must be extended or refinanced for at least an additional 12 months after the Closing at mutually agreeable terms to all parties, including the SHE Parties.  Unless otherwise agreed by the SHE Parties, any NAC debt assumed or retained by the Combined Company cannot be dilutive to the Combined Company shareholders.  For purposes hereof, “debt” will include all obligations for indebtedness for borrowed money (including promissory notes, term loans and lines of credit), deferred purchase price payments (excluding ordinary course trade payables), capital lease obligations, guarantees for third party debt and payables that are either more than 120 days past due (including the amounts owed to Robinson Brog Leinwand Greene Genovese & Gluck P.C.) or owed to related parties.

 

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CONFIDENTIAL

 

	Board Members:	 	At the Closing, the Board of Directors of the Combined Company shall be comprised of the following:  Vincent Genovese, present CEO of NAC Global; Antonio Monesi; Filippo M. Puglisi; a board member appointed by Messrs. Monesi and Puglisi; and an independent board member appointed by Messrs. Genovese, Monesi and Puglisi. 
	 	 	 
	Major U.S. Annual Reporting Form:	 	10-K
	 	 	 
	Incorporation of Combined Company:	 	Nevada
	 	 	 
	Listed Exchange Post-Closing:	 	OTCBB
	 	 	 
	Future Financing:	 	The parties acknowledge that pursuant to existing agreements between Newbridge Securities Corporation (“Newbridge”) and the SHE Parties, after the Closing, Newbridge will have the right of first refusal to act as sole book runner and lead managing underwriter for any all future public and private equity and/or debt offerings (excluding commercial bank debt) for a period of time after the Closing for any future financing where an underwriter and/or placement agent is utilized.
	 	 	 
	Additional Closing Conditions:	 	The obligations of the Company and the SHE Parties to enter into the Proposed Transaction is subject to customary conditions appropriate for an acquisition of this size and complexity, including: 
	 	 	 
	 	 	(i)	Completion by both sets of parties and their Representatives of all business, tax, accounting, legal and other due diligence reviews of the parties (in parallel with the negotiation of the Definitive Documents), with results satisfactory to each party in all respects;
	 	 	 	 
	 	 	(ii)	The negotiation and execution of the Acquisition Agreement and other Definitive Documents, including NAC Shareholder support agreements, NAC Shareholder lock-up agreements and the Genovese employment agreement (as described below);
	 	 	 	 
	 	 	(iii)	No material adverse change in NAC’s business, operations, prospects or financial condition; 
	 	 	 	 
	 	 	(iv)	The representations and warranties of all parties being true and correct at signing and closing;  
	 	 	 	 
	 	 	(v)	Receipt of all equity holder, governmental, regulatory and third party requisite approvals and consents, including, if required, the completion of the SEC process and any required approvals of NAC’s stockholders; and 
	 	 	 	 
	 	 	(vi)	Subject to such customary additional terms not inconsistent with the above as agreed between the parties.

 

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CONFIDENTIAL

 

	Confirmatory Due Diligence:	 	Each of the Company, on the one hand, and the SHE Parties, on the other hand, will conduct due diligence on the other, including, if reasonably requested, visiting and inspecting the offices and facilities of the other and meeting with management.  Each of the Company, on the one hand, and the SHE Parties, on the other hand, will and will cause their Representatives to extend their reasonable cooperation to the other set of parties and their respective Representatives in connection with such investigation and provide reasonable access during normal business hours to their books and records, facilities, accountants, management, officers, directors and key employees for the purpose of conducting such due diligence investigation.  Without limiting the foregoing, each of the Company, on the one hand, and the SHE Parties, on the other hand, will cause their auditors to reasonably cooperate with the other set of parties and their respective Representatives.  
	 	 	 
	Management:	 	After the Closing, Mr. Genovese shall remain as CEO of the Combined Company and be in charge of the operations of NAC’s wholly-owned operating subsidiary, NAC Drive Systems, Inc.  As a condition to and subject to the Closing, his present employment agreement will be amended (or a new agreement drafted) for either (i) a 2 year term from Closing at a salary of $125,000 per year or (ii) a 1 year term from Closing at a salary of $150,000 per year.  Any power of attorney of Mr. Genovese with respect to the Combined Company will be defined jointly with SHE Parties prior the Closing or at the first board meeting thereafter.
	 	 	 
	Governing Law and Jurisdiction:	 	State of New York

 

7Exhibit 10.1

 

SECURITIES
PURCHASE AGREEMENT

 

This
Agreement (this “Agreement”) is made as of the 22nd day of April 2016 by and among Toucan Interactive Corp.,
a Nevada corporation having its offices at Sabanilla de Montes de Oca, Urbanizacion Carmiol, Casa 254, San Jose, Costa Rica (the
“Company”), Mikhail Bukschpan, an individual (the “Majority Stockholder”), and BDK Capital
Group, LLC, a California limited liability company (the “Purchaser”).

 

W
I T N E S S E T H:

 

WHEREAS,
the Company, the Majority Stockholder and BDK Arcadia, LLC (“BDK”) entered into a Letter Agreement (the “Letter
Agreement”) and an Escrow Agreement (the “Escrow Agreement”) dated as of March 23, 2016, providing
that the Majority Stockholder shall deliver, or cause to be delivered, (A) upon the Initial Closing (as defined in the Escrow
Agreement), approximately 96% of the issued and outstanding common stock of the Company par value $0.001 per share (“Common
Stock”); and (B) upon the Subsequent Closing (as defined in the Escrow Agreement), an additional 174,000 shares of the
Company’s unrestricted common stock to BDK and/or BDK’s designees and BDK shall instruct the escrow agent to deliver
the balance of the Deposit (as defined in the Escrow Agreement), i.e., $20,000 (the “Balance of the Deposit”)
to the selling stockholders (collectively, the “Acquisition”).

 

WHEREAS,
in connection with the Acquisition, the Company desires to sell to the Purchaser, and the Purchaser desires to purchase from the
Company an aggregate of 6,000,000 shares (the “Shares”) of Common Stock, at the Purchase Price (as defined
below).

 

WHEREAS,
pursuant to that certain Letter Agreement by and among the Company, the Majority Stockholder and BDK dated April 5, 2016 (the
“Side Letter Agreement”), BDK has instructed the escrow agent to advance a portion of the Deposit equal to
$3,000 (the “Advance”) to cover the Company’s costs to prepare the Company’s Annual Report on Form
10-K for the fiscal year ended February 29, 2016, which Advance will be applied against the Purchase Price (as defined below).

 

NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

 

ARTICLE
I

 

1.1.  
Sale of the Shares and Change in Management. Subject to the terms and conditions of this Agreement, and in reliance upon
the representations, warranties, covenants and agreements contained in this Agreement, at the Closing (as hereinafter defined),
the Company agrees to sell, assign, transfer and deliver the Shares to the Purchaser and the Purchaser agrees to purchase the
Shares from the Company, for an aggregate purchase price equal to $243,605.36 (the “Purchase Price”).

 

1.2.  
Closing. The purchase and sale of the Shares shall take place by electronic communication or at such location and on such
date as the parties may agree at a closing (the “Closing”), to occur following the delivery of all items required
to be delivered in connection with Section 1.3 of this Agreement.

 

    

    

    

 

1.3.
  Deliveries.

 

(a)
On or prior to the Closing, the Company shall deliver the following to the Purchaser:

 

		(i)	a
                                         certificate representing the Shares purchased by the Purchaser, in the name of the Purchaser,
                                         as shall be effective to vest in the Purchaser all right, title and interest in the Shares;

 

		(ii)	resignation
                                         letter in substantially the form attached hereto as Exhibit A, executed by the
                                         sole officer and director of the Company effective as of the date of the Closing;

 

		(iii)	proof
                                         of filing of the Company’s Annual Report on Form 10-K for the fiscal year ended
                                         February 29, 2016;

 

		(iv)	evidence
                                         to the satisfaction of Purchaser that (A) Mikhail Bukschpan, the sole director and officer
                                         of the Company, has agreed to cancel any and all existing debt of the Company to him
                                         (the “Debt”) and for himself and for his respective assigns, heirs, executors,
                                         administrators, and representatives, to fully release and forever discharge the Company,
                                         from any and all claims of any kind arising out of the Debt, and (B) the Company does
                                         not have any debts or liabilities;

 

		(v)	evidence
                                         to the satisfaction of the Purchaser that the Company has paid any and all delinquent
                                         fees to the OTCQB and the Company’s Common Stock has been upgraded to the OTCQB;

 

 

		(vi)	evidence
                                         to the satisfaction of Purchaser that the Company’s agreements with Nasser Bouslihim
                                         and with Kolobok Distribution Inc. (or Dzabir Mamadov) have been terminated or expired;

 

		(vii)	transfer
                                         agent instruction letters in substantially the form attached hereto as Exhibit B,
                                         executed by the selling stockholders, as applicable;

 

		(viii)	resolutions
                                         of the sole director of the Company and of the Majority Stockholder in substantially
                                         the form attached hereto as Exhibit C, executed by the sole director and the Majority
                                         Stockholder of the Company effective as of the date of the Closing;

 

		(ix)	copies
                                         of this Agreement, the Repurchase Agreement (as defined below), and that certain Securities
                                         Purchase Agreement between twenty-three minority stockholders of the Company and the
                                         Purchaser (the “Minority Stockholders Securities Purchase Agreement”),
                                         duly executed by the Company, the Majority Stockholder, and the other selling stockholders,
                                         as applicable; and

 

		(x)	all
                                         such further assignments, conveyances, instruments and documents as shall be necessary
                                         or advisable to carry out the transactions contemplated by this Agreement.

 

(b)
At the Closing, the Purchaser shall deliver the following to the Company or to such parties as shall be directed by the Company:

 

		(i)	an
                                         aggregate amount equal to the difference between the Purchase Price and the Advance,
                                         i.e., $240,605.36;

 

    	 	 - 2 -	 

    

    

 

		(ii)	copies
                                         of this Agreement and the Minority Stockholders Securities Purchase Agreement, duly executed
                                         by the Purchaser; and

 

		(iii)	all
                                         such further assignments, conveyances, instruments and documents as shall be necessary
                                         or advisable to carry out the transactions contemplated by this Agreement.

 

ARTICLE
II

REPRESENTATIONS,
WARRANTIES AND COVENANTS OF THE COMPANY

 

The
Company and the Majority Stockholder hereby individually and jointly make the following representations and warranties to the
Purchaser effective as of the date hereof (unless otherwise specifically provided herein) and as of the date of Closing:

 

2.1.  
Organization; Qualification; No Subsidiaries or Predecessor Corporations. The Company is a corporation duly incorporated,
validly existing, and in good standing under the laws of the State of Nevada and has the corporate power and is duly authorized
under all applicable laws, regulations, ordinances, and orders of public authorities to carry on its business in all material
respects as it is now being conducted. The Company is not and has not been required to be qualified, authorized, registered or
licensed to do business as a foreign corporation in any jurisdiction. The Company does not have any predecessor corporation(s)
or subsidiaries. The Company does not own any controlling interest in any business entity and has never owned, beneficially or
otherwise, any shares or other securities of, or any direct or indirect equity or other financial interest in, any business entity.
The Company has not agreed and is not obligated to make any future investment in or capital contribution to any business entity.
Neither the Company nor any of the stockholders of the Company has ever approved, or commenced any action, suit or legal proceeding
or made any election, in either case, contemplating the dissolution or liquidation of the Company’s business or affairs.

 

2.2.  
Company Documents. The Company has delivered to the Purchaser accurate and complete (through the date hereof) copies of:
(i) the articles of incorporation and bylaws, including all amendments thereto, of the Company; (ii) the stock records
of the Company; and (iii) the minutes and other records of the meetings and other proceedings (including any actions taken
by written consent or otherwise without a meeting) of the holders of all securities of the Company, the board of directors of
the Company and all committees of the board of directors of the Company (the items described in the foregoing clauses “(i)”,
“(ii)” and “(iii)” of this Section 2.2, collectively referred to herein as the “Company
Documents”). There have been no formal meetings held of, or corporate actions taken by, the stockholders of the Company,
the board of directors of the Company or any committee of the board of directors of the Company that are not fully reflected in
the Company Documents. There has not been any violation of any of the Company Documents, and at no time has the Company taken
any action that is inconsistent in any material respect with the Company Documents. The books of account, stock records, minute
books and other records of the Company are accurate, up-to-date and complete in all material respects, and have been maintained
in accordance with requirements of law and prudent business practices.

 

    	 	 - 3 -	 

    

    

 

2.3.  
Capitalization. The authorized capital stock of the Company consists of 75,000,000 shares of Common Stock, of which 5,100,000
shares are issued and outstanding.

 

(a)All
of the outstanding shares of the Company capital stock have been duly authorized and validly issued and are fully paid and nonassessable.
All of the outstanding shares of capital stock of the Company have been issued in compliance with all applicable federal and state
securities laws and other applicable requirements of law and all requirements set forth in the Company Documents. All issued and
outstanding shares are legally issued, fully paid, and non-assessable and not issued in violation of the preemptive or other rights
of any person. As of the date of Closing, (i) no shares of Common Stock were reserved for issuance upon the exercise of outstanding
options to purchase shares of Common Stock; (ii) no shares of Common Stock were reserved for issuance upon the exercise of outstanding
warrants to purchase shares of Common Stock; (iii) all outstanding shares of Common Stock were issued in compliance with all applicable
federal and state securities laws and other applicable requirements of law and all requirements set forth in the Company Documents
and other applicable contracts. No shares of outstanding Common Stock of the Company are subject to a repurchase option in favor
of the Company.

 

(b)
Except for the 5,100,000 shares of Common Stock referenced above, there are no equity securities or similar ownership interests
of any class of any equity security of the Company, or any securities exchangeable or convertible into or exercisable for such
equity securities or similar ownership interests, issued, reserved for issuance or outstanding. There are no: (i) outstanding
subscriptions, options, calls, warrants or rights (whether or not currently exercisable) to acquire any shares of capital stock
of the Company or other securities of the Company; (ii) outstanding securities, notes, instruments or obligations that are or
may become convertible into or exchangeable for any shares of capital stock of the Company or other securities of the Company;
(iii) outstanding or authorized stock appreciation, phantom stock or similar rights with respect to the capital stock of the Company;
(iv) contracts under which the Company is or may become obligated to sell, transfer, exchange or issue any shares of capital stock
of the Company or any other securities of the Company except as contemplated by that certain Repurchase Agreement by and between
the Company and the Majority Stockholder (the “Repurchase Agreement”); (v) agreements, voting trusts, proxies
or understandings with respect to the voting, or registration under the Securities Act of 1933, as amended (the “Securities
Act”), or any shares of the Company; or (vi) conditions or circumstances that may give rise to or provide a basis for
the assertion of a claim by any individual or entity to the effect that such individual or entity is entitled to acquire or receive
any shares of the Company Common Stock or any shares of the capital stock or other securities of the Company.

 

2.4.  
Authorization. The Company has all necessary corporate power and authority to enter into and to perform its obligations
under this Agreement, and the execution, delivery and performance by the Company of this Agreement has been duly and validly authorized
by all necessary action and no further consent or authorization on the part of the Company, its board of directors or its stockholders
is required. This Agreement constitutes, and upon execution and delivery thereof by the Company, will constitute the valid and
binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to: (i) laws of general
application relating to bankruptcy, insolvency and the relief of debtors; and (ii) rules of law governing specific performance,
injunctive relief and other equitable remedies.

 

2.5.  
No Conflicts; No Need for Third Party Notices or Consents. Neither the execution, delivery or performance of this Agreement,
nor the performance of the Company of its obligations hereunder will directly or indirectly (with or without notice or lapse of
time) cause, constitute, or conflict with or result in (i) any breach or violation, or give rise to a right of termination, cancellation
or acceleration or to loss of a material benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements
of any person under any of the provisions of, or constitute a default under, any license, mortgage or any other agreement or instrument
to which the Company or its stockholders are a party; (ii) result in a violation of any of the provisions of the Company Documents;
(iii) result in a violation of, or give any governmental body or agency or other individual or entity the right to challenge
any of the transactions contemplated by this Agreement or to exercise any remedy or obtain any relief under any, requirement of
law or judicial or administrative order to which the Company is subject. The Company will not be required to give any notice to
or obtain any consent from any person in connection with the execution and delivery of this Agreement or the consummation or performance
of any of the transactions hereunder.

 

    	 	 - 4 -	 

    

    

 

2.6.  
SEC Reports; Financial Statements; Exchange Act Requirements. The Company has filed all reports required to be filed by
it under the Securities Act and the Securities Exchange Act, as amended (the “Exchange Act”), including pursuant
to Section 13(a) or 15(d) thereof, since inception (the foregoing materials, together with all documents or reports filed by the
Company under the Exchange Act that were not required to be filed, being collectively referred to herein as the “SEC
Reports” and, together with this Agreement, the “Disclosure Materials”).

 

(a)The
SEC Reports (i) at the time filed, complied in all material respects with the applicable requirements of law and the Securities
and Exchange Commission (“SEC”) and (ii) did not, at the time they were filed (or, if amended or superseded
by a filing prior to the date of this Agreement, then on the date of such amended or subsequent filing or, in the case of registration
statements, at the effective date thereof) contain any untrue statement of a material fact or omit to state a material fact required
to be stated in such SEC Reports or necessary in order to make the statements in such SEC Reports, in light of the circumstances
under which they were made, not misleading. To the Company’s Best Knowledge (as defined herein), each offering or sale of
securities by the Company (i) was either registered under the Securities Act or made pursuant to a valid exemption from registration,
(ii) complied in all material respects with the applicable requirements of law and the SEC, and (iii) was made pursuant to offering
documents which did not, at the time of the offering (or, in the case of registration statements, at the effective date thereof)
contain any untrue statement of a material fact or omit to state a material fact required to be stated in the offering documents
or necessary in order to make the statements in such documents not misleading. The Company has delivered or made available to
the Purchaser all comment letters received by the Company from the staff of the SEC and all responses to such comment letters
by or on behalf of the Company with respect to all filings under the Securities Act or the Exchange Act. The Company’s principal
executive officer and principal financial officer (and Company’s former principal executive officers and principal financial
officers, as applicable) have made the certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 (the
“Sarbanes-Oxley Act”) and the rules and regulations of the Exchange Act thereunder with respect to the SEC
Reports filed by Company under the Exchange Act (the “Exchange Act Reports”) to the extent such rules or regulations
applied at the time of the filing. For purposes of the preceding sentence, “principal executive officer” and “principal
financial officer” shall have the meanings given to such terms in the Sarbanes–Oxley Act. Such certifications contain
no qualifications or exceptions to the matters certified therein and have not been modified or withdrawn; and neither the Company
nor any of its officers has received notice from any governmental body or agency questioning or challenging the accuracy, completeness,
content, form or manner of filing or submission of such certifications. The Company is not a “Business Combination Shell
Company” as such term is defined under Rule 405 of the Securities Act.

 

(b)The
financial statements of the Company included in the SEC Reports (the “Company Financial Statements”) comply
in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect thereto
as in effect at the time of filing. The Company Financial Statements have been prepared in accordance with GAAP, except as may
be otherwise specified in the Company Financial Statements or the notes thereto, and fairly present in all material respects the
assets, liabilities, financial position and results of operations of Company as of and for the dates thereof and the results of
operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, immaterial, year-end
audit adjustments.

 

    	 	 - 5 -	 

    

    

 

(c)Each
of Company’s independent public accountants, which have expressed their opinion with respect to the financial statements
of the Company included in the Exchange Act Reports (including the related notes), is and have been throughout the periods covered
by such Company Financial Statements, registered public accounting firms with respect to the Company within the meaning of all
applicable laws and regulations and is registered with the Public Company Accounting Oversight Board. With respect to the Company,
the Company’s independent public accountants are not and have not been in violation of auditor independence requirements
of the Sarbanes-Oxley Act and the rules and regulations promulgated in connection therewith. None of the non-audit services performed
by Company’s independent public accountants for the Company were prohibited services under the Sarbanes-Oxley Act and all
such services were pre-approved in advance by the Company’s audit committee in accordance with the Sarbanes-Oxley Act.

 

(d)The
Company maintains disclosure controls and procedures required by Rule 13a-15(b) or 15d-15(b) under the Exchange Act; such controls
and procedures are effective to ensure that all material information concerning the Company is made known on a timely basis to
the principal executive officer and the principal financial officer. The Company has delivered to the Purchaser copies of, all
written descriptions of, and all policies, manuals and other documents promulgating such disclosure controls and procedures. The
Company and, to the Company’s Best Knowledge (as defined below), its directors and executive officers, have complied at
all times with Section 16(a) of the Exchange Act, including the filing requirements thereunder to the extent applicable

 

2.7.  
Absent of Certain Changes or Events. Since November 30, 2015 (the “Balance Sheet Date”),

 

(a)
the Company has conducted its business as ordinarily conducted consistent with past practice and there has not been (i) any material
adverse change in the business, operations, properties, assets or condition of the Company or (ii) any damage, destruction or
loss to the Company (whether or not covered by insurance) or the business, operations, properties, assets or condition of the
Company, which constitutes a Material Adverse Effect. For purposes of this Agreement, “Material Adverse Effect”
means with respect to a party, any result, occurrence, fact, change, event or effect that has a materially adverse effect on (i)
the business, assets (whether tangible or intangible), liabilities, capitalization, financial condition or results of operations
of such party, or (ii) such party’s ability to consummate the transactions contemplated by this Agreement; provided that
a Material Adverse Effect will not exist as a result of (A) any effect to the extent attributable to the pendency or confirmation
of the transactions (including any disruption in, or termination or modification of, customer, supplier, distributor, partner,
reseller or similar relationships or any loss of employees); (B) any effect primarily attributable to conditions affecting the
industry or industries in which the party participates or the economy of the United States or any other country as a whole; (C)
any effect primarily attributable to conditions (or changes after the date hereof in such conditions) in the securities markets,
credit markets, currency markets or other financial markets in the United States or any other country; (D) any effect, resulting
from or relating to compliance with the terms of, or the taking of any action required by, this Agreement; (E) general economic,
market or political conditions, or acts of war, terrorism or sabotage, natural disasters, acts of God or comparable events; (F)
changes in applicable law or GAAP; (G) any failure to meet financial or other projections for any period ending after the date
of this Agreement; or (H) any actions taken (or omitted to be taken) at the request of the other party.

 

    	 	 - 6 -	 

    

    

 

(b)the
Company has not (i) granted or agreed to grant any options, warrants, or other rights for its stock, bonds, or other corporate
securities calling for the issuance thereof; (ii) borrowed or agreed to borrow any funds or incurred, or become subject to, any
material obligation or liability (absolute or contingent) except those otherwise disclosed to the Purchaser in writing; (iii)
paid or agreed to pay any material obligations or liabilities (absolute or contingent) other than current liabilities reflected
in or shown on the most recent Company balance sheet and current liabilities incurred since that date in the ordinary course of
business and professional and other fees and expenses in connection with the preparation of this Agreement and the consummation
of the transaction contemplated hereby; (iv) sold or transferred, or agreed to sell or transfer, any of its assets, properties
or rights; (E) made or permitted any amendment or termination of any contract, agreement or license to which it is a party if
such amendment or termination is material, considering the business of the Company; or (F) issued, delivered or agreed to issue
or deliver, any stock, bonds or other corporate securities including debentures (whether authorized and unissued or held as treasury
stock).

 

(c)the
Company has not entered into or amended its Articles of Incorporation or bylaws, or any (i) employment agreements or any
other type of employment arrangements, (ii) severance or change of control agreements or arrangements, or (iii) deferred compensation
agreements or arrangements. There is no private or governmental action, suit, proceeding, claim, arbitration or investigation
pending before any agency, court or tribunal, foreign or domestic, or, to the Company’s Best Knowledge (as defined below),
threatened against the Company or any of its properties or any of its officers or directors (in their capacities as such). There
is no judgment, decree or order against the Company that could prevent, enjoin, alter or delay any of the transactions contemplated
by this Agreement. The term “Best Knowledge” of the Company shall mean and include (i) actual knowledge and (ii) that
knowledge which a prudent businessperson would reasonably have obtained in the management of such person’s business affairs
after making due inquiry and exercising the due diligence which a prudent businessperson should have made or exercised, as applicable,
with respect thereto. Actual or imputed knowledge of any director or officer or the Company shall be deemed to be knowledge of
the Company.

 

2.8.  
No Liabilities. The SEC Reports set forth a true and complete list of all debts and liabilities of the Company through
and up to the Balance Sheet Date (whether or not invoiced), which specifically include the non-interest bearing and unsecured
advances from Mikhail Bukschpan, which debts and liabilities shall be paid, settled, discharged or satisfied by the Company by
Closing. As of Closing and after giving effect to the foregoing re-payment of all debts and discharge of liabilities, the Company
shall have no liabilities, direct or indirect, matured or unmatured, contingent or otherwise.

 

2.9.  
Validity of Shares. The Shares, when issued, sold and delivered in accordance with the terms and for the consideration
expressed in this Agreement, shall be duly and validly issued, fully-paid and nonassessable and neither the Company nor the Purchaser
shall be subject to any preemptive or similar right with respect thereto. Subject to the accuracy of the Purchaser’s representations
and warranties in Article 3 hereof, the offer, sale and issuance of the Shares constitute transactions exempt from the
registration requirements of Section 5 of the Securities Act and any applicable state securities laws. Neither the Company nor,
to the Company’s Best Knowledge, any person acting on behalf of the Company has offered or sold any of the Shares by any
form of general solicitation or general advertising.

 

    	 	 - 7 -	 

    

    

 

None
of the Company, any of its predecessors, any affiliated issuer, or any Insider (as defined below) is subject to any Disqualification
Event (as defined below) except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) under the Securities Act. The
Company has exercised reasonable care, including without limitation, conducting a factual inquiry that is appropriate in light
of the circumstances, into whether any Insider is subject to a Disqualification Event. Any outstanding securities of the Company
(of any kind or nature) that were issued in reliance on Rule 506 under the Securities Act at any time on or after the Company’s
formation have been issued in compliance with Rule 506(d) and (e) under the Securities Act. For purposes of this Agreement, (i)
“Insider” means, each director, executive officer, other officer of the Company participating in the Offering, any
beneficial owner of 20% or more of the Company’s outstanding voting equity securities, calculated on the basis of voting
power and any promoter (as that term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity
at the time of sale and (ii) “Disqualification Event” means any “Bad Actor” disqualifications described
in Rule 506(d)(1)(i) to (viii) under the Securities Act.

 

2.10.  
No Litigation or Proceedings. There are no claims, actions, suits, proceedings, inquiries, labor disputes or investigations
(whether or not purportedly on behalf of the Company) pending or, to the Company’s Best Knowledge, threatened against the
Company or any of its assets, at law or in equity or by or before any governmental entity or in arbitration or mediation. No bankruptcy,
receivership or debtor relief proceedings are pending or, to the Company’s Best Knowledge, threatened against the Company.
The Company is not subject to or in default with respect to any order, writ, injunction or decree of any federal, state, local
or foreign court, department, agency or instrumentality.

 

2.11.  
Compliance with Laws and Regulations. (i) To the Company’s Best Knowledge, the Company is in compliance in all material
respects with each law that is or was applicable to it or to the conduct or operation of its business or the ownership or use
of any of its assets. (ii) To the Company’s Best Knowledge, no event has occurred or circumstance exists that will
constitute or result in a violation by the Company of, or a failure on the part of the Company to comply with, any law, except
where such violation or failure would not have a Material Adverse Effect. (iii) The Company has not received any written notice
or communication from any governmental body or private party alleging noncompliance with any applicable law (here is no civil,
criminal or administrative action, suit, demand, claim, complaint, hearing, investigation, demand letter, warning letter, proceeding,
investigation or request for information pending or, to the Best Knowledge of the Company, threatened against the Company. (iv)
To the Company’s Best Knowledge, the Company has no liability for failure to comply with any law which could reasonably
be expected to have a Material Adverse Effect. (v) To the Company’s Best Knowledge, there is no act, omission, event or
circumstance that would reasonably be expected to give rise to any action, suit, demand, claim, complaint, hearing, investigation,
notice, demand letter, warning letter, proceeding or request for information or any such liability. (vi) To the Company’s
Best Knowledge, there have not been any false statements or omissions or other violations of any law by the Company in its prior
product development efforts, or submissions or reports to any governmental body that would reasonably be expected to require investigation,
corrective action or enforcement action by any governmental body. (vii) There are no administrative, civil or criminal proceedings
relating to the Company or any employee of or consultant or contractor to the Company in connection with their employment or consulting
relationship with the Company. (viii) The Company has not conducted any internal investigation with respect to any actual or alleged
material violation of any law by any director, officer or employee of the Company.

 

2.12.  
Tax. The Company has properly filed all tax returns required to be filed and has paid all taxes shown thereon to be due.
To the Best Knowledge of the Company, all tax returns previously filed are true and correct in all material respects.

 

    	 	 - 8 -	 

    

    

 

2.13.  
Books and Records. All of the business and financial transactions of the Company have been fully and properly reflected
in the books and records of the Company in all material respects and in accordance with generally accepted accounting principles
consistently applied.

 

2.14.  
Contracts. The Company (a) is not a party to, and its assets, products, technology and properties are not bound by, any
contract, franchise, license agreement, debt instrument or other commitments whether such agreement is in writing or oral; (b)
is not a party to or bound by, and the properties of the Company are not subject to any contract, agreement, other commitment
or instrument; any charter or other corporate restriction; or any judgment, order, writ, injunction, decree or award; and (c)
is not a party to any oral or written (i) contract for the employment of any officer or employee; (ii) profit sharing, bonus,
deferred compensation, stock option, severance pay, pension benefit or retirement plan; (iii) agreement, contract, or indenture
relating to the borrowing of money; (iv) guaranty of any obligation; (v) collective bargaining agreement; or (vi) agreement with
any present or former officer or director of the Company.

 

2.15.   Title
to Property. The Company does not own or lease any real property or personal property. There are no options or other
contracts under which the Company has a right or obligation to acquire or lease any interest in real property or personal
property.

 

2.16.   Intellectual
Property. The Company does not own, license or otherwise have any right, title or interest in any intellectual property.

 

2.17.   Insurance.
The Company does not have any insurance policy to which the Company is a party or under which the Company or any director or officer,
is covered.

 

2.18.   Material
Transactions or Affiliations. Except as otherwise disclosed to the Purchaser in writing, there exists no contract, agreement
or arrangement between the Company and any predecessor and any person who was at the time of such contract, agreement or arrangement
an officer, director, or person owning of record or known by the Company to own beneficially, five percent (5%) or more of the
issued and outstanding shares of Common Stock and which is to be performed in whole or in part after the date hereof or was entered
into not more than three years prior to the date hereof. Neither any officer, director, nor five percent (5%) stockholder of Common
Stock has, or has had since inception of the Company, any known interest, direct or indirect, in any such transaction with the
Company which was material to the business of the Company. The Company has no commitment, whether written or oral, to lend any
funds to, borrow any money from, or enter into any other transaction with, any such affiliated person.

 

2.19.   Use of Proceeds. The Company will use the Purchase Price to (i) repurchase the issued and outstanding shares of Common
Stock held by the Majority Stockholder immediately after the Closing of the transactions contemplated by this Agreement pursuant
to the Repurchase Agreement, and (ii) pay for the Advance released by BDK pursuant to the Side Letter Agreement.

 

2.20.   Facilitation of Closings. The Company and the Majority Stockholder shall, without cost or expense to any other party, use
good-faith efforts to facilitate the consummation of the securities sale transactions between the other stockholders and the Purchaser
and/or the Purchaser’s designees at the Initial Closing and the Subsequent Closing (as defined in the Escrow Agreement)
as contemplated by the Letter Agreement and the Escrow Agreement. The parties hereto agree that the Balance of the Deposit shall
be refunded to BDK if the Subsequent Closing is not consummated as provided in the agreements between the applicable stockholders
and purchasers and within a reasonable timeframe after the Initial Closing.

 

    	 	 - 9 -	 

    

    

 

2.21
   Broker or Finders Fees. The Company or the Majority Stockholder has taken no action that would give rise to any claim
by any person for brokerage commissions, finder’s fees or similar payments relating to this Agreement or the transactions
contemplated hereby.

 

ARTICLE
III

REPRESENTATION
AND WARRANTIES OF THE PURCHASER

 

The
Purchaser hereby represents and warrants, as of the date hereof, to the Company as follows:

 

3.1.  
Organization; Authority. Purchaser is duly organized, validly existing and in good standing under the laws of the jurisdiction
of its organization and has full right, corporate or partnership power and authority to enter into and to consummate the transactions
contemplated by this Agreement and otherwise to carry out its obligations hereunder. The execution, delivery and performance by
the Purchaser of the transactions contemplated by this Agreement have been duly authorized by all necessary action on the part
of the Purchaser. This Agreement has been duly executed by the Purchaser, and when delivered by the Purchaser in accordance with
the terms hereof, will constitute the valid and legally binding obligation of the Purchaser, enforceable against it in accordance
with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as
indemnification and contribution provisions may be limited by applicable law.

 

3.2.  
Own Account. The Purchaser understands that the Shares are “restricted securities” and have not been registered
under the Securities Act or any applicable state securities law and is acquiring the Shares as principal for its or his own account
and not with a view to or for distributing or reselling such Shares or any part thereof in violation of the Securities Act or
any applicable state securities law, has no present intention of distributing any of such Shares in violation of the Securities
Act or any applicable state securities law and has no direct or indirect arrangement or understanding with any other persons to
distribute or regarding the distribution of such Shares (this representation and warranty not limiting the Purchaser’s right
to sell the Shares in compliance with applicable federal and state securities laws) in violation of the Securities Act or any
applicable state securities law.

 

3.3.  
Purchaser Status. At the time the Purchaser was offered the Shares, it was, and as of the date hereof is, either: (i) an
“accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act or (ii)
a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.

 

3.4.  
Experience of Purchaser. The Purchaser has such knowledge, sophistication and experience in business and financial matters
so as to be capable of evaluating the merits and risks of the prospective investment in the Shares, and has so evaluated the merits
and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Shares and, at the present
time, is able to afford a complete loss of such investment.

 

3.5.  
General Solicitation. The Purchaser is not purchasing the Shares as a result of any advertisement, article, notice or other
communication regarding the Shares published in any newspaper, magazine or similar media or broadcast over television or radio
or presented at any seminar or any other general solicitation or general advertisement.

 

    	 	 - 10 -	 

    

    

 

3.6.  
Access to Information. The Purchaser has been afforded the opportunity to examine all books, records, and agreements of
the Company and to ask questions of the Company’s senior management and to obtain additional information necessary to verify
the accuracy of the information supplied or to which the Purchaser had access. The Purchaser has also been afforded the opportunity
to ask questions of the Company’s senior management to obtain any further information reasonably available to the Company
which the Purchaser has requested in connection with its decision to purchase the Shares. The Purchaser has conducted what it
deems to be an adequate investigation of the business, finances, and prospects of the Company, and it is satisfied with the results
of its investigation. The Purchaser also acknowledges that concurrently with the transactions contemplated by this Agreement the
Company may repurchase or issue and sell shares of the Common Stock of the Company at a per share purchase price that may differ
from the Purchase Price.

 

ARTICLE
IV

TERMINATION

 

4.1.  
Termination. This Agreement may be terminated (i) at any time prior to the Closing by the Purchaser upon providing written
notice to the Company of its election to terminate this Agreement; or (ii) at the election of either party, if the other party
has (A) breached any of its representations, warranties or covenants contained herein or (B) failed to perform any of its material
obligations hereunder and has not cured such breach or failure within five (5) days after written notice by the other party thereof.
Notwithstanding the foregoing, if this Agreement is terminated by either party for any reason set forth in clause (ii) immediately
preceding, the non-breaching party, in addition to the right to terminate this Agreement, shall be entitled to all remedies available
to it at law or in equity. The parties hereby specifically acknowledge and agree that the Purchaser’s termination of this
Agreement, for any reason, shall not be deemed as a breach by the Purchaser. If the Purchaser elects to terminate this Agreement
pursuant to this Section 4.1, the entire amount of the Deposit (as defined in the Escrow Agreement) shall be refunded to
BDK immediately.

 

ARTICLE
V

MISCELLANEOUS

 

5.1.  
Entire Agreement; Assignment; Parties in Interest. This Agreement and the documents and instruments and other agreements
specifically referred to herein or delivered pursuant hereto: (i) constitute the entire agreement among the parties with respect
to the subject matter hereof and supersede all prior agreements and understandings, both written and oral, among the parties with
respect to the subject matter hereof; (ii) are not intended to confer upon any other person any rights or remedies hereunder,
except as specifically provided in this Agreement; and (iii) shall not be assigned by operation of law or otherwise except as
otherwise specifically provided. Unless otherwise specifically provided herein, no representations, warranties, inducements, promises
or agreements, oral or written, by or among the parties not contained herein shall be of any force of effect. The Company may
not assign this Agreement and its rights and obligations hereunder without the explicit prior written consent of the Purchaser,
which may be withheld for any reason or no reason. Notwithstanding the foregoing, the Purchaser may assign this Agreement and
its rights and obligations hereunder upon written notice to the Company.

 

    	 	 - 11 -	 

    

    

 

5.2.  
Severability. In the event that any one or more of the provisions of this Agreement shall be held invalid, illegal or unenforceable
in any respect, or the validity, legality and enforceability of any one or more of the provisions contained herein shall be held
to be excessively broad as to duration, activity or subject, such provision shall be construed by limiting and reducing such provision
so as to be enforceable to the maximum extent compatible with applicable law.

 

5.3.  
Notices. All notices provided for in this Agreement shall be in writing signed by the party giving such notice, and delivered
personally or sent by overnight courier, mail or messenger against receipt thereof or sent by registered or certified mail, return
receipt requested, or by facsimile transmission or electronic means of communication if receipt is confirmed or if transmission
of such notice is confirmed by mail as provided in this Section 5.3. Notices shall be deemed to have been received on the
date of personal delivery or telecopy or attempted delivery. Notice shall be delivered to the parties at the following addresses:

 

	If to the Company:	Toucan Interactive Corp.

Sabanilla
de Montes de Oca

Urbanizacion
Carmiol, Casa 254

San
Jose, Costa Rica

Email:toucancorp@gmail.com

Fax:
N/A

 

	If to the Purchaser:	BDK Capital Group, LLC

25 E Foothill Blvd.

Arcadia, CA 91006

Attn:
Kin Hui

Email:
kinhui@singpoli.com

Fax: (626) 566-1887

 

	With
a copy to:	Mitchell Silberberg & Knupp, LLP

11377
W. Olympic Boulevard

Los
Angeles, CA 90064

Attn:
Nimish Patel, Esq.

Email:
nxp@msk.com

Fax:
(310) 231-8302

 	If
to the Majority Stockholder:	Mikhail Bukschpan

Sabanilla
de Montes de Oca

Urbanizacion
Carmiol, Casa 254

San
Jose, Costa Rica

Email:toucancorp@gmail.com

Fax:
N/A

 

Either
party may, by like notice, change the address, person or telecopier number to which notice shall be sent.

 

    	 	 - 12 -	 

    

    

 

5.4.   Governing
Law; Jurisdiction. This Agreement shall be governed and construed in accordance with the laws of the State of Nevada, without
regard to any principles of conflicts of law. Each of the parties hereto irrevocably consents to the exclusive jurisdiction of
the federal and state courts sitting in the Central District of California and the County of Los Angeles County, California, in
connection with any matter based upon or arising out of this Agreement or the matters contemplated herein, and also agrees that
process may be served upon them in any manner authorized by the laws of the State of California for such persons and waives and
covenants not to assert or plead any objection which they might otherwise have to such jurisdiction and such process.

 

5.5.   Waiver
of Jury Trial. Each party hereby expressly waives any right to a trial by jury in the event of any suit, action or proceeding
to enforce this Agreement or any other action or proceeding which may arise out of or in any way be connected with this Agreement
or any of the other documents.

 

5.6.   Successors.
This Agreement shall be binding upon the parties and their respective permitted assigns.

 

5.7.   Further
Assurances. Each party to this Agreement agrees, without cost or expense to any other party, to deliver or cause to be delivered
such other documents and instruments as may be reasonably requested by any other party to this Agreement in order to carry out
more fully the provisions of, and to consummate the transaction contemplated by, this Agreement.

 

5.8.   Confidentiality.
Each party hereby agrees to maintain the confidentiality of all Confidential Information (defined below) provided to it by the
other party and to return any materials and other information containing Confidential Information of the other party in the event
that the Closing is not consummated. For the purposes hereof, “Confidential Information” shall mean any and all proprietary
information and documents provided by the disclosing party to the receiving party, either directly or indirectly, in writing,
electronically, orally, by inspection of tangible objects, or otherwise unless such information has been explicitly designated
by the disclosing party as not Confidential Information. Confidential Information shall not include information that (i) at the
time of use or disclosure by the receiving party is in the public domain through no fault of, action or failure to act by the
receiving party; (ii) becomes known to the receiving party from a third-party source on a non-confidential basis whom the receiving
party does not know to be subject to any obligation of confidentiality to the disclosing party; (iii) was known by the receiving
party prior to disclosure of such information by the disclosing party to the receiving party; or (iv) was independently developed
by the receiving party, or on the receiving party’s behalf, without any use of Confidential Information. Notwithstanding
the foregoing, in the event that disclosure of Confidential Information by a receiving party is made to comply with any request
or inquiry of or by any governmental or regulatory authority (any of the foregoing, a “Governmental Requirement”),
it is agreed that prior to any such disclosure of such Confidential Information, the receiving party will, unless such action
would violate or conflict with applicable law, provide the disclosing party with prompt notice of such Governmental Requirement
and the Confidential Information so required to be disclosed, so that the disclosing party may seek an appropriate protective
order and/or waive compliance with the provisions of this Agreement. It is further agreed that if, in the absence of a protective
order or in the absence of receipt of a waiver hereunder, the receiving party is nonetheless, in the opinion of the receiving
party’s counsel, compelled by Governmental Requirement to disclose any of such Confidential Information, the receiving party,
after notice to the disclosing party (unless such notice would violate or conflict with applicable law), may so disclose such
Confidential Information as required pursuant to Governmental Requirement without liability hereunder; provided, however,
the receiving party will furnish only that portion of the Confidential Information which the receiving party, in the opinion of
the receiving party’s counsel, is legally compelled to disclose pursuant to the Governmental Requirement and will exercise
reasonable efforts to cooperate with the disclosing party, at the disclosing party’s expense, with the disclosing party’s
efforts to obtain an order or other reliable assurance that confidential treatment will be accorded to the disclosed Confidential
Information.

 

    	 	 - 13 -	 

    

    

 

5.9.   Public
Disclosure; Current Report on Form 8-K. Unless otherwise permitted by this Agreement, the parties hereto shall consult with
each other before issuing any press release or otherwise making any public statement or making any other public (or non-confidential)
disclosure (whether or not in response to an inquiry) regarding the terms of this Agreement and the transactions contemplated
hereby, and neither shall issue any such press release or make any such statement or disclosure without the prior approval of
the other (which approval shall not be unreasonably withheld), except as may be required by law including, without limitation,
the filing of any required SEC Documents. In furtherance thereof, the parties hereby acknowledge and agree that the Company is
required to file a Current Report on Form 8-K within four (4) business days after the execution of this Agreement by both of them.

 

5.10.  Expenses.
Subject to the terms contained elsewhere in this Agreement, whether or not the transactions contemplated herein are consummated,
each of the parties will bear their own respective expenses, including legal, accounting and professional fees, incurred in connection
with this Agreement or any of the other transactions contemplated hereby.

 

5.11.  Survival.
The representations, warranties and agreements set forth in this Agreement shall survive the Initial Closing for a period of one
(1) year.

 

5.12.  Indemnification.
The Company and the Majority Stockholder, individually and jointly, agree to indemnify and hold harmless the Purchaser (and its
respective directors, officers, managers, partners, members, shareholders, affiliates, agents, successors and assigns (the “Representatives”))
from and against any and all losses, liabilities, deficiencies, costs, damages and expenses (including, without limitation, reasonable
attorneys’ fees, charges and disbursements) (collectively, the “Losses”) incurred by the Purchaser as
a result of any inaccuracy in or breach of the representations, warranties or covenants made by the Company or the Majority Stockholder
herein. The Purchaser agrees to indemnify and hold harmless the Company and its Representatives and the Stockholder from and against
any and all Losses incurred by the Company and the Majority Stockholder as a result of any inaccuracy in or breach of the representations,
warranties or covenants made by such Purchaser herein.

 

5.13.
Counterparts; Signatures. This Agreement may be executed in several counterparts, each of which shall be deemed to
be an original, but all of which together shall constitute one and the same Agreement. Delivery by fax or electronic image of
an executed counterpart of a signature page to the Agreement shall be effective as delivery of an original executed counterpart
of this Agreement.

 

5.14.
  No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties with
the advice of counsel to express their mutual intent, and no rules of strict construction will be applied against any party.

5.15.
  Headings. The headings in the Sections of this Agreement are inserted for convenience only and shall not constitute a part
of this Agreement.

 

[Remainder
of this page intentionally left blank.]

 

    	 	 - 14 -	 

    

    

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date
first above written.

 

	 	COMPANY:
	 	 
	 	TOUCAN INTERACTIVE CORP.
	 	 	 
	 	By:   	 
	 	Name:	Mikhail Bukschpan
	 	Title:	President
	 	 	 
	 	MAJORITY STOCKHOLDER:
	 	 
	 	 
	 	Mikhail Bukschpan

 

    	 	 - 15 -	 

    

    

 

	 	PURCHASER:
	 	 
	 	BDK CAPITAL GROUP, LLC
	 	 	 
	 	By:	 
	 	Name:	Kin Hui
	 	Title:	President

 

    	 	 - 16 -	 

    

    

 

EXHIBIT A

 

Form of Resignation Letter

 

RESIGNATION

 

April 22, 2016

 

Toucan Interactive
Corp.

Sabanilla de Montes
de Oca

Urbanizacion Carmiol,
Casa 254

San Jose, Costa Rica

 

I, Mikhail Bukschpan,
do hereby resign from all officer positions of Toucan Interactive Corp. (the “Company”), including but not limited
to that of President, Secretary, Chief Executive Officer and Chief Financial Officer, such resignations to be effective immediately
upon the closing of the transactions contemplated by that certain Securities Purchase Agreement, dated April 22, 2016, by and
between the Company and BDK Capital Group, LLC (the “Effective Time”). I also resign as the sole director of the Company,
which resignation as director shall be effective as of the Effective Time.

 

My resignation is
not the result of any disagreement with the Company or nay matter relating to its operation, policies (including accounting or
financial policies) or practices. Further, I undertake that I do not have any claims against the Company upon my resignation.

 

	      	 
	Mikhail Bukschpan	 

 

    	 	 - 17 -	 

    

    

 

EXHIBIT B

 

Form of Transfer Agent Instruction Letters

 

[To be provided under separate cover.]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	 - 18 -	 

    

    

 

EXHIBIT C

 

Board Resolutions and Majority Stockholder
Resolutions

 

[To be provided under separate cover.]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- 19 -

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