Document:

Employment Agreement - Scott W. Brickman

 Exhibit 10.1 
 EXECUTION COUNTERPART 
 11/16/06 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this
“Agreement”) is made as of this 16th day of November, 2006, and shall be effective as of the
Effective Time (as defined in the Merger Agreement (as defined below), if any (the “Effective Date”), among BG Holding LLC, a Delaware limited liability company (the “Parent”), The Brickman Group, Ltd., a Delaware
corporation (the “Company”), Brickman Group Holdings, Inc., a Delaware corporation (“Holdings”), and Scott Brickman (“Executive”). 
 In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
  

	1.	Employment; Contingent Effectiveness. 

  

	 	(a)	The Company and Holdings shall continue to employ Executive, and Executive hereby continues his employment with the Company and Holdings, upon the terms and conditions set forth in
this Agreement for the period beginning on the Effective Date and ending as provided in paragraph 4 hereof (the “Employment Period”). 

  

	 	(b)	Notwithstanding anything herein to the contrary, this Agreement shall only be effective if the Effective Time occurs as defined in the Merger Agreement. Until the Effective Time
occurs, the Amended and Restated Employment Agreement by and among the Executive, the Company and Holdings, dated April 12, 2004 (“Current Agreement”) shall remain in effect. If the Merger Agreement is terminated, this
Agreement shall be null and void ab initio. 

  

	2.	Position and Duties. 

  

	 	(a)	During the Employment Period, Executive shall serve as the President and Chief Executive of the Company and Holdings, and shall have the normal duties, responsibilities and
authority of the President and Chief Executive Officer of each such entity, subject to the power of the Board of Directors (or such equivalent entity) of the Parent (the “Parent Board”) to expand or limit such duties,
responsibilities and authority and to override actions of the President and Chief Executive Officer. During the Employment Period, the Executive’s principal place of business shall be at the Company’s offices in Gaithersburg, Maryland.

  

	 	(b)	Executive shall report to Parent Board, and Executive shall devote his best efforts and his full business time and attention (except for permitted vacation periods and reasonable
periods of illness or other incapacity) to the business and affairs of the Company, Holdings and the other Subsidiaries of Holdings. Executive shall perform his duties and responsibilities to the best of his abilities in a diligent, trustworthy,
businesslike and efficient manner and shall not undertake any other business activities that could adversely affect the performance of his duties. 

	 	(c)	For purposes of this Agreement, “Subsidiaries” shall mean any corporation, partnership, limited liability company or other entity of which the securities having a
majority of the voting power in electing directors, general partners or managers are, at the time of determination, owned by the Holdings, directly or through one of more Subsidiaries. 

  

	3.	Compensation. 

  

	 	(a)	During the Employment Period, Executive’s base salary shall be $500,000 per annum (the “Base Salary”), which salary shall be payable in regular installments in
accordance with the Company’s general payroll practices and shall be subject to customary withholding. The Base Salary shall be adjusted following the end of each fiscal year during the Employment Period to reflect changes in the national
consumer price index during such fiscal year. In addition, during the Employment Period, Executive shall be entitled to participate in all of the employee benefit programs for which senior executive employees of Holdings, the Company or any other
Subsidiaries are generally eligible (the “Benefit Programs”), and Executive shall be entitled to vacation time as Executive considers appropriate. 

  

	 	(b)	The Company shall reimburse Executive for all reasonable expenses incurred by him in the course of performing his duties under this Agreement which are consistent with the
Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. During the Employment
Period, the Company shall pay Executive a car allowance of $1350 per month. 

  

	 	(c)	Executive shall be entitled to use of the Company’s jet (the “Company Jet”) for business use, which Company Jet shall be the same class aircraft as is provided
as of the Effective Date. When not being used for business purposes, Executive, and in his discretion, other members of the Brickman Family may use the Company Jet. The first 50 hours of personal use of the Company Jet during each fiscal year shall
be deemed to be compensation. Hours of use in excess of 50 hours in any fiscal year of by the Executive or other Brickman Family members shall be charged at a rate of $1,600 per hour of use. 

  

	 	(d)	During the Employment Period, the Company shall also reimburse Executive for the cost of all club memberships for which the Executive is currently being reimbursed by the Company.

  

	 	(e)	Holdings shall award a bonus (the “Performance Bonus”) to Executive with respect to each fiscal year during the Employment Period in which Holdings achieves EBITDA
equal to at least 90% of the amount set forth in the Holdings final annual operating budget proposed by the Executive and approved by the Parent Board, as adjusted with the mutual agreement of the Executive and Parent Board to account for any
acquisition by the Company during such year (“Budgeted EBITDA”), but, if Holdings achieves less than 90% of Budgeted EBITDA, Holdings shall not be obliged to award Executive any bonus. For fiscal years in which the EBITDA equals or
exceeds 90% of Budgeted EBITDA, the Company shall award Executive a bonus equal to a percentage of his Base Salary determined based upon the following schedule: 

  

				
	 Percentage of
 Budgeted EBITDA
	  	 Percentage of
 Base Salary
	 
	 90-94.9%
	  	60	%
	 95-99.9%
	  	80	%
	 100-104.9%
	  	100	%
	 105-109.9%
	  	115	%
	 110-114.9%
	  	120	%
	 115% and up
	  	125	%

  

 - 2 - 

 The Performance Bonus will be paid by Holdings to the Executive no later than 30 days after Parent Board receives the
Holdings’ final audited financial statements for such fiscal year. 
  

	 	(f)	The Merger Agreement provides that as of the Effective Date the Parent shall establish a Management Equity Incentive Plan (the “Incentive Plan”) pursuant to which
participants in the Incentive Plan shall be granted Junior Units of Parent. As of the Effective Date, the Parent shall grant the Executive 25% of the Junior Units initially available for grant under the Incentive Plan. 

  

	4.	Term. 

  

	 	(a)	The Employment Period shall continue until the fifth anniversary of the Effective Date (“Initial Term”) and shall be extended by one additional year (each an
“Additional Term”), unless either Holdings or Executive provides written notice of termination of the Employment Period to the other parties hereto at least 90 days prior to end of the Initial Term or the end of any applicable
Additional Term (a “Termination Notice”). The Employment Period shall terminate prior to termination under the immediately previous sentence only (i) by approval of the Board of Directors of Parent, including the approval of
the Parent Board members to be appointed by the Brickman Family and Green Equity Investors IV, LP (the “Investor”), as provided in the limited liability company agreement of Parent, (ii) upon the resignation of the Executive
with ninety (90) days notice to Holdings, or (iii) the death of the Executive. The date on which the Employment Period terminates is the “Termination Date”. 

  

	 	(b)	If the Employment Period is terminated by reason of Executive’s death, Executive (or his representative) shall be entitled to receive his accrued, unpaid Base Salary,
Performance Bonus and any other compensation, benefits or rights that he is entitled to under the terms of the applicable Benefits Programs and/or the Incentive Plan. 

  

	5.	 Confidential Information. Executive acknowledges that the information, observations and data obtained by him while employed by Holdings, the Company and any
other Subsidiaries (including those obtained while employed by The Brickman Group, Ltd. and its predecessors prior to the date of this Agreement concerning the business or affairs of the Company and any Subsidiary (“Confidential
Information”)) are the property of Holdings, the Company or such other Subsidiary. Therefore, Executive agrees that he shall not (except as required by 

  

 - 3 - 

	 	 
law or legal process, provided that in the latter case Executive uses reasonable efforts to provide Holdings or its Subsidiaries with an opportunity to seek
a protective order) disclose to any unauthorized person or use for his own purposes any Confidential Information without the prior written consent of the Parent Board, unless and to the extent that the aforementioned matters become generally known
to and available for use by the public other than as a result of Executive’s acts or omissions. Executive shall deliver to the Company promptly upon the termination of employment, or at any other time Holdings or the Company may request, all
memoranda, notes, plans, records, reports, computer tapes, printouts and software and other documents and data (and copies thereof) relating to the Confidential Information or the business of Holdings, the Company or any other Subsidiary which he
may then possess or have under his control. 

  

	6.	Non-Compete, Non-Solicitation. 

  

	 	(a)	In further consideration of the compensation to be paid to Executive hereunder, Executive acknowledges that in the course of his employment with Holdings and the Company he shall
become familiar, and during his previous employment with the Company and its predecessors he has become familiar, with Holdings’ and the Company’s trade secrets and with other Confidential Information concerning Holdings, the Company and
its predecessors and any other Subsidiaries and that his services have been and shall be of special, unique and extraordinary value to Holdings, the Company and the other Subsidiaries. Therefore, Executive agrees that during (i) the Employment
Period and (ii) for two years thereafter (as defined below) ((i) and (ii), collectively, the “Noncompete Period”), he shall not directly or indirectly own any interest in, manage, control, participate in, consult with, render
services for, or in any manner engage in any business competing with the businesses of the Company or any Subsidiaries, as such businesses exist or are in process on the date of the termination of Executive’s employment, within any state in the
United States in which the Company or the Subsidiaries engage in such businesses at the time of termination and all states located adjacent to such states. Nothing herein shall prohibit Executive from being a passive owner of not more than 5% of the
outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation. 

  

	 	(b)	 During (i) the Employment Period (except on Holdings’, the Company’s or any other Subsidiary’s behalf) and (ii) for two years thereafter,
Executive shall not directly or indirectly through another entity (i) induce or attempt to induce any employee of Holdings, the Company or any other Subsidiary to leave the employ of Holdings, the Company or such other Subsidiary, nor shall
Executive make any intentionally disparaging remarks about Holdings, the Company, their respective officers and directors or their stockholders to any such employee, (ii) hire any person who was an employee of Holdings, the Company or any other
Subsidiary at any time during the Employment Period (except that the foregoing shall not prohibit the employment of any individuals (A) who have ceased to be employed by Holdings, the Company or any other Subsidiary, as the case may be, for at
least three months prior to the first time such individuals and Executive (directly or indirectly through another entity) discussed employment and (B) who are responding to a general help wanted advertisement (including by way of the 

  

 - 4 - 

	 	 
internet) or who have submitted an application through a recruiting or personnel placement company, provided that such individual has taken such actions
without any encouragement of Executive (directly or indirectly), or (iii) induce or attempt to induce any customer, supplier, license, licensor, franchisee or other business relation of Holdings, the Company or any other Subsidiary to cease
doing business with Holdings, the Company or any other Subsidiary. 

  

	 	(c)	If, at the time of enforcement of this paragraph 6, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then
existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to
cover the maximum period, scope and area permitted by law. Executive agrees that the restrictions contained in this paragraph 6 are reasonable. 

  

	 	(d)	In the event of the breach or a threatened breach by Executive of any of the provisions of this paragraph 6, Holdings or the Company, in addition and supplementary to other rights
and remedies existing in its favor, may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions hereof (without posting
a bond or other security). In addition, in the event of a breach or violation by Executive of this paragraph 6, the Noncompete Period shall be tolled until such breach or violation has been duly cured. 

  

	7.	Definitions. 

  

	 	(a)	“Brickman Family” means the Executive, his ancestors and his descendants, as well as his spouse, his siblings and each of their respective spouses, siblings,
ancestors, and descendants. 

  

	 	(b)	“EBITDA” means, for any period, an amount equal to the sum of Holdings’ consolidated net income, plus the provision for taxes of the Holdings, the
Company or any other Subsidiary for such period based on income or profits (including the amount of any permitted tax distributions), plus interest expense, plus depreciation and amortization charges reducing Holdings’
consolidated net income. 

  

	 	(c)	“Merger Agreement” means the Merger Agreement by and among the Parent, BG Intermediate Corp., BG Acquisition Corp., and Holdings, dated as of the date hereof.

  

	8.	Certain Additional Payments. 

  

	 	(a)	 In the event that the stock of Company or Holdings (or their successors or affiliates) is readily tradeable on an established securities market or otherwise, within
the meaning of Section 280G(b)(5)(A)(ii)(I) of the Internal Revenue Code of 1986, as amended (the “Code”), if (i) a change in the ownership of, effective control of, or ownership of a substantial portion of the assets of,
the Parent, the Company, or Holdings (in accordance with Section 280G(b)(2)(A) of the Code) and the applicable regulations thereunder) (a “Change in Control”), occurs, and (ii) any payments or benefits (including
acceleration of 

  

 - 5 - 

	 	 
the vesting or payment of any equity granted to the Executive or any deferred compensation owed to the Executive) received or to be received by Executive,
whether under this Agreement or otherwise (the “Total Payments”), whether or not such Total Payments are contingent upon the occurrence of another event (such as termination of employment), would subject Executive to the excise tax
imposed under Section 4999 of the Code (the “Excise Tax”), then the Company shall pay Executive in cash an additional amount (the “Gross-Up Payment”) such that the net amount retained by Executive after
deduction of any Excise Tax upon the Total Payments and any federal, state and local income tax and Excise Tax upon the Gross-Up Payment shall be equal to the Total Payments. Such Gross-Up Payment shall be made by the Company to Executive as soon as
practical following a determination that any of the Total Payments will be subject to the Excise Tax, but in no event beyond thirty (30) days from such date. 

  

	 	(b)	In the event that the stock of Company or Holdings (or their successors or affiliates) is not readily tradeable on an established securities market or otherwise, within the
meaning of Section 280G(b)(5)(A)(ii)(I) of the Code: 

  

	 	(i)	Subject to Sections 8(b)(ii), if (A) a Change in Control occurs, (B) the Total Payments, whether or not such Total Payments are contingent upon the occurrence of another
event (such as termination of employment) would subject Executive to the Excise Tax, and (C) the Board fails to (I) cause or allow for the necessary shareholder vote on the approval of the Total Payments for purposes of satisfying
Section 280G(b)(5) of the Code or (II) use its commercially reasonable best efforts to obtain such a shareholder vote, then the Company shall cause a Gross-Up Payment to be made to the Executive. Such Gross-Up Payment shall be made by the
Company to Executive as soon as practical following a determination that any of the Total Payments will be subject to the Excise Tax, but in no event beyond thirty (30) days from such date. 

  

	 	(ii)	No Gross-Up Payment shall be required or will be paid by the Company under Section 8(b)(i), if (A) the Executive becomes entitled to the Total Payments which constitute an
“excess parachute payment” as defined in Section 280G(b) of the Code, (B) the Board (I) takes the necessary action to cause or allow for the necessary shareholder vote on the approval of the Total Payments for purposes of
satisfying Section 280G(b)(5) of the Code and (II) uses its commercially reasonable best efforts to obtain such a shareholder vote, and (C) the Executive refuses to waive his right to such Total Payments and submit them to a shareholder
vote for purposes of satisfying Section 280G(b)(5) of the Code (it being understood that no such waived payments shall be made absent shareholder approval in accordance with the requirements set forth in Section 280G(b)(5)(B) of the Code).

  

	 	(c)	 All determinations required to be made under this Section 8, including whether any of the Total Payments will be subject to the Excise Tax and the amounts of
such Excise Tax, shall be made by the Company’s regular auditors (the “Accounting Firm”). The Accounting Firm shall provide detailed supporting calculations both to the Company and to Executive within 10 days after a request
for such determinations are made by 

  

 - 6 - 

	 	 
Executive or the Company. Any such determination by the Accounting Firm shall be binding upon the Company and Executive. For purposes of making any
determination hereunder, Executive shall be deemed to pay federal, state and local income taxes at the highest marginal rates applicable to Executive as of the date of the determination. The federal tax returns filed by the Executive (and any filing
made by a consolidated tax group which includes the Company) shall be prepared and filed on a basis consistent with the determination of the Accounting Firm with respect to any Excise Tax payable by the Executive and the Executive shall make proper
payment of the amount of any Excise Tax. If, after the Company’s payment to the Executive of any Gross-Up Payment, the Accounting Firm determines in good faith that the amount of the Gross-Up Payment should be reduced or increased, or such
determination is made by the Internal Revenue Service, then within ten business days of such determination, the Executive shall pay to the Company the amount of any such reduction, or the Company shall pay to the Executive the amount of any such
increase; provided, that if the Executive has prior thereto paid such amounts to the Internal Revenue Service, such refund shall be due only to the extent that a refund of such amount is received by the Executive. The Executive shall cooperate in
good faith with the Company in connection with any dispute or contest with the Internal Revenue Service related to the Excise Tax or Gross-Up Payment. 

  

	9.	Indemnification; D&O Insurance. Holdings and the Company shall indemnify the Executive to the fullest extent permitted by law and shall cover Executive under their
applicable Directors’ and Officers’ insurance policies during the entire Employment Period plus for a period of six years thereafter. 

  

	10.	Certain Costs and Expenses. The Company shall reimburse or pay all of the reasonable costs and expenses paid or incurred by the Executive in negotiating and executing this
Agreement, as soon as practicable after presentation of evidence to the Company of the payment or incurrence of such costs and/or expenses. 

  

	11.	Executive, Company and Holdings’ Representations. Executive, on the one hand, and the Company and Holdings, on the other, each hereby represents and warrants to the
other that (i) the execution, delivery and performance of this Agreement by such party do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which such
party is a party or by which such party is bound and (ii) upon the execution and delivery of this Agreement by the other party, this Agreement shall be the valid and binding obligation of such party, enforceable in accordance with its terms.
Executive hereby acknowledges and represents that he has consulted with independent legal counsel regarding his rights and obligations under this Agreement and that he fully understands the terms and conditions contained herein.

  

	12.	Survival. Sections 3 through 7 and Sections 9 through 17 shall survive and continue in full force in accordance with their terms notwithstanding any termination.

  

 - 7 - 

	13.	Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, or mailed by first class mail, return receipt requested, to
the recipient at the address below indicated: 

 Notices to Executive: 
 Mr. Scott Brickman 
 11637 Lake Potomac Drive 
 Potomac, MD 20854 
 With required copy to: 
 Dechert LLP 
 Cira Centre 
 2929 Arch Street 
 Philadelphia, PA 19104-2808 
 Attention: Carmen J. Romano 
 Notices to the Company or Holdings: 
 The Brickman Group, Ltd. 
 18227 Flower Hill Way 
 Suite D 
 Gaithersburg, MD 20879 
 Attention: Mark A. Hjelle, Esq. 
 or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under
this Agreement shall be deemed to have been given when so delivered or mailed. 
  

	14.	Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, as
if such invalid, illegal or unenforceable provision had never been contained herein. 

  

	15.	Complete Agreement. This Agreement is the sole agreement of the parties with respect to the subject matter hereof and supersedes and preempts any prior understandings,
agreements or representations by or among the parties, written or oral, which relate to the subject matter hereof (including, without limitation, that certain Employment Agreement, dated as of April 12, 2004, by and among the Company, Brickman
Holdings Corp. and Executive). 

  

	16.	No Strict Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of
strict construction shall be applied against any party. 

  

	17.	Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same
agreement. 

  

 - 8 - 

	18.	Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive, the Company and their respective heirs, successors and
assigns, except that Executive may not assign his rights or delegate his obligations hereunder without the prior written consent of the Company. 

  

	19.	Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement and the exhibits and schedules hereto shall be
governed by, and construed in accordance with, the laws of the State of Maryland, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Maryland or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Maryland. 

  

	20.	Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and Executive, and no course of conduct or
failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. 

 [SIGNATURE PAGES FOLLOW] 
  

 - 9 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date
first written above. 
  

			
	BRICKMAN GROUP HOLDINGS, INC.
		
	By:	 	 /S/ Mark A. Hjelle

	Its:	 	Executive Vice President
	
	THE BRICKMAN GROUP, LTD.
		
	By:	 	 /S/ Mark A. Hjelle

	Its:	 	Executive Vice President
	
	BG HOLDING LLC
		
	By:	 	  

	Its:	 	  

	
	SCOTT W. BRICKMAN
		
		 	 /S/ Scott W. Brickman

 [Signature Page to Employment Agreement] 
  

 - 10 - 

			
	BG HOLDING LLC
		
	By:	 	BG Investment LLC
	Its:	 	Member
		
	By:	 	Green Equity Investors IV, L.P.
	Its:	 	Member
		
	By:	 	GEI Capital IV, LLC
	Its:	 	General Partner
		
	By:	 	 /S/ John Baumer

	Name:	 	John Baumer
	Title:	 	Senior Vice President

 [Signature Page to Employment Agreement] 
  

 - 11 -Asset Purchase Agreement

 Exhibit 10.1 
 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED. 
 ASSET PURCHASE AGREEMENT 
 THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made as of the 15th day of September, 2006 (“Effective Date”) by and between Robert Fox and Lina Watson, individuals who are
British citizens with principal business offices are located at 5 Welbury Avenue, Luton, Bedfordshire, LU3 2DZ England (together, “Seller”), and Internet Revenue Services, Inc., a Nevada corporation whose principal offices are
located at 222 Kearny Street, Suite 550, San Francisco, CA 94108 (“Buyer” or “IRS, Inc.”). 
 RECITALS

 A. Seller is the current registrant of, and owns registration rights to, the domain name www.banks.com (the “Domain
Name”). Buyer desires to purchase from Seller the Domain Name banks.com, and Seller desires to sell to Buyer the Domain Name banks.com. NOW THEREFORE, in consideration of the foregoing and the respective representations, warranties,
covenants, agreements and conditions hereinafter set forth, and intending to be legally bound hereby, the parties hereto agree as follows. 
 1 PURCHASE
AND SALE OF ASSETS 
 1.1. Assets to be Transferred. Subject to the terms and conditions of this Agreement, on the
Closing Date (as hereinafter defined) Seller shall sell, transfer, convey, assign, and deliver to Buyer, and Buyer shall purchase, all of the rights, claims and assets of Seller used, held for use, or acquired or developed for use with the Domain
Name banks.com, other than assets expressly defined in this Agreement as Excluded Assets (collectively, the “Purchased Assets”). The Purchased Assets shall include the following: 
 1.1.a) Domain Name. All of Seller’s right, title and interest in, to and associated with the Domain Name, including, but not limited to, all
registrations, trademark rights, if any, in the Domain Name and Internet traffic to the Domain Name. 
 1.1.b) Trade Rights. All of
Seller’s interest in any Intellectual Property associated with the Domain Name banks.com. 
 1.1.c) Contracts. To the extent
assignable by Seller, all of Seller’s rights in, to and under all contracts, agreements, affiliate programs, insertion orders, licenses, and the like associated with the Domain Name banks.com (hereinafter “Contracts”), all as
listed in Schedule 1.1.(c). Notwithstanding the above, if Seller fails to disclose any Contracts to Buyer in Schedule 1.1.(c), Buyer shall have the right to reject as a Purchased Asset any such Contract within sixty (60) days following Buyer
obtaining actual knowledge of the existence of such Contract, and in such event Seller shall indemnify Buyer against any third party claim relating to such Contract. Upon assignment of the Domain Name and Contracts to Buyer, Buyer shall assume all
of the obligations of Seller under the Contracts. 
  

 1.1.d) General Intangibles. All prepaid items, all causes of action arising out of occurrences
before or after the Closing, and other intangible rights and assets of the Domain Name banks.com. 
 1.2. Excluded
Assets. The provisions of Section 1.1 notwithstanding, Seller shall not sell, transfer, assign, convey or deliver to Buyer, and Buyer shall not purchase or accept the following assets of Seller (collectively the “Excluded
Assets”). 
 1.2.a) Equipment. Seller’s machinery, equipment, hardware, servers, computers, furniture, and any similar
personal property owned or held for use by Seller on the Closing Date. 
 1.2.b) Consideration. The consideration delivered by Buyer to
Seller pursuant to this Agreement. 
 1.2.c) Real Property. Any lease or other interest in real property. 
 1.2.d) Rejected Contracts. Contracts rejected by Buyer pursuant to Section 1.1(e). 
 1.2.e) Tax Credits and Records. Federal, state and local income and franchise tax credits and tax refund claims and associated returns and records. Buyer
shall have reasonable access to such returns and records related to the Domain Name banks.com and Purchased Assets and may make excerpts therefrom and copies thereof subject to the prior approval of Seller, which approval shall not be unreasonably
withheld. 
 1.2.f) Accounts Receivable/Cash. All accounts receivable of Seller and Cash on hand or on account for Seller. 
 2 LIABILITIES 
 As used in this Agreement, the term
“Liability” shall mean and include any direct or indirect indebtedness, guaranty, endorsement, claim, loss, damage, deficiency, cost, expense, obligation or responsibility, fixed or unfixed, known or unknown, asserted or unasserted,
liquidated or unliquidated, secured or unsecured. 
 2.1. No Buyer Liabilities. Buyer is not assuming any Liabilities
of Seller and all such Liabilities shall be and remain the responsibility of Seller. Nothing contained herein shall cause Buyer to assume any liabilities or obligations arising out of the operation or ownership of the Purchased Assets prior to the
Closing, whether known or unknown at the Closing Date. 
 2.2. Seller Liabilities. Buyer is not assuming and Seller
shall not be deemed to have transferred to Buyer the following Liabilities of Seller (collectively the “Seller Liabilities”), and nothing contained herein shall cause Seller to assume any liabilities or obligations arising out of the
operation or ownership of the Purchased Assets after the Closing: 
 2.2.a) Taxes Arising from Transaction. Any taxes applicable to,
imposed upon or arising out of the sale or transfer of the Purchased Assets to Buyer and the other transactions contemplated by this Agreement, including but not limited to any income, transfer, sales, use, gross receipts or documentary stamp taxes.
Seller agrees to pay all taxes for which the Seller is liable. 
  

 2.2.b) Income and Franchise Taxes. Any Liability of Seller for federal income taxes and any state
or local income, profit or franchise taxes (and any penalties or interest due on account thereof). 
 2.2.c) Litigation Matters. Any
Liability with respect to any action, suit, proceeding, arbitration, or investigation or inquiry, whether civil, criminal or administrative (“Litigation”). 
 2.2.d) Infringements. Any Liability to a third party arising from the operation or ownership of the Purchased Assets prior to the Closing Date for
infringement of such third party’s patent, copyright, trademark, trade secret, or other intellectual or proprietary right. 
 2.2.e)
Employee Claims. Any Liability to or with respect to any employee or former employee of the Seller, including, but not limited to, any Liability under any employee benefit plan, or for unpaid or accrued vacation or sick time, or severance
pay. 
 2.2.f) Transaction Expenses. All expenses incurred by Seller in connection with this Agreement and the transactions
contemplated herein. 
 2.2.g) Liability For Breach. Liabilities of Seller for any breach or failure to perform any of Seller’s
covenants and agreements contained in, or made pursuant to, this Agreement, or, prior to the Closing, any other contract, whether or not purchased hereunder. 
 2.2.h) Liabilities to Customers. Liabilities of Seller to its present or former customers which arise from the operation of the Domain Name banks.com prior to the Closing. 
 2.2.i) Violation of Laws or Orders. Liabilities of Seller for any violation of or failure to comply with any statute, law, ordinance, rule or
regulation (collectively, “Laws”) or any order, writ, injunction, judgment, plan or decree (collectively, “Orders”) of any court, arbitrator, department, commission, board, bureau, agency, authority, instrumentality
or other body, whether federal, state, municipal, foreign or other (collectively, “Government Entities”). 
  

 3 PURCHASE PRICE PAYMENT 
 3.1. Purchase Price. The purchase price (the “Purchase Price”) for the Domain Name www.banks.com and the Purchased
Assets shall be [*], payable in cash to the Escrow Agent (as defined herein) at Closing. Buyer and Seller agree to use SEDO.com, LLC (“SEDO”) as the escrow agent (the “Escrow Agent”) to complete the transaction. An escrow fee
(the “Escrow Fee”) of 3.0% of the Purchase Price will be paid to the Escrow Agent, payable in the following manner: Buyer shall pay the portion of the Escrow Fee representing 1.25%, and Seller shall pay the portion of the Escrow Fee
representing 1.75%. The parties expressly acknowledge and agree that SEDO.com will not transfer to Seller any of the Purchase Price held in escrow until registration of Banks.com has been transferred to the name of Buyer in Buyer’s designated
registrar, as Buyer directs; provided however, that if the Domain Name does not transfer to Buyer within 15 business days after the Closing, Buyer shall be entitled, at Buyer’s sole discretion and upon Buyer’s request to the Escrow Agent
at any time after such 15-business day period, to return of the entire Purchase Price held in escrow. 
 3.2. Registrar and
Transfer Fees. Seller shall be responsible for any fees payable to any third party to effectuate the transfer of its right, title and interest in and registration of the Domain Name, as contemplated under this Agreement, including, without
limitation, any fees payable to BB Online UK, Ltd., (the “Registrar”) in connection herewith. Buyer shall be responsible for any registration fees charged by the Registrar for the continued registration of the Domain Name after the
Closing. 
 3.3. Finder’s Fees. Buyer shall have no obligation to Seller or any other third party with regard a
finder’s fee, broker’s fee, or any other similar fee, and Buyer agrees to indemnify and hold Seller harmless from any and all claims that such a fee is payable. 
 3.4. Allocation of Purchase Price. The aggregate Purchase Price shall be allocated among the Purchased Assets in the manner
required by Section 1060 of the Internal Revenue Code of 1986, as amended (the “Code”) and the Treasury Regulations promulgated thereunder. As such, Seller and Buyer agree that 100% of the Purchase Price will be allocated to
“Intangibles” related to the purchased Domain Name set forth in this Agreement and goodwill arising from the transaction. To the extent that disclosures of this allocation are required to be made to the Internal Revenue Service
(“IRS”) under the provisions of Section 1060 of the Code or any Treasury Regulations promulgated thereunder, Buyer and Seller agree to follow and use such allocation in all tax returns, filings or other related reports made by them to
the IRS or any other United States of America governmental agency and in the event Seller is required to make any such disclosures, it shall communicate to Buyer the content of such disclosures and coordinate with Buyer regarding the required
disclosure prior to the filing with or submission to the IRS. 
 4 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller makes the following representations and warranties to Buyer, each of which is true and correct on the date hereof and shall remain true and correct
to and including the Closing Date. 
 4.1. Domain Name. 
 4.1.a) Seller is the registrant listed in the records of the Registrar as the sole owner of the registration of the Domain Name. 
  

 4.1.b) Seller has not used any fraud, misrepresentation, or otherwise made any false statement in the
process of registration and maintenance of the registration of the Domain Name on or in connection with the transaction underlying this Agreement. 
 4.1.c) No fees are owing to the Registrar or any other government agency or other entity or party with regard to the registration of the Domain Name. Seller represents and warrants that all registration fees to the Registrar are current and
shall remain so through the Closing. Furthermore, Seller represents and warrants that it shall deliver under this Agreement all of Seller’s right, title and interest in the Domain Name, free and clear of all “Liens”, as defined in
Section 4.8. 
 4.1.d) Seller has not licensed or otherwise allowed or enabled the use of the Domain Name to any other person or entity,
or granted any right with respect to the Domain Name to any other person or entity, that may, in any manner, whether currently or in the future, restrict, impede or adversely affect Buyer’s rights therein. 
 4.1.e) Other than one trademark application filed with the U.S. Patent and Trademark Office which was rejected and is no longer valid, Seller has not
obtained or filed an application to register a trademark with the US Patent and Trademark Office or other agency (domestic or foreign) of the Domain Name or any other mark confusingly similar to the Domain Name. 
 4.1.f) To the best of Seller’s knowledge, the ownership of registration of the Domain Name, and use and operation of the Domain Name, do not
infringe upon the trademark or other Trade Rights of any third party. 
 4.2. Power and Authority. 
 4.2.a) Identity of Seller. Seller is comprised of two individuals who are citizens of the United Kingdom. 
 4.2.b) Power. Seller has all requisite power and authority to own assets and carry on business as and where such is now being conducted, to enter
into this Agreement and the other documents and instruments to be executed and delivered by Seller pursuant hereto and to carry out the transactions contemplated hereby and thereby.. 
 4.2.c) Authority. Seller represents and warrants that no other or further act or proceeding on the part of Seller is necessary to authorize this
Agreement or the other documents and instruments to be executed and delivered by Seller pursuant hereto or the consummation of the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered, the other
documents and instruments to be executed and delivered by Seller pursuant hereto shall constitute, valid binding agreements of Seller, enforceable in accordance with their respective terms. 
 4.3. No Violation. Neither the execution and delivery of this Agreement or the other documents and instruments to be executed and
delivered by Seller pursuant hereto, nor the consummation by Seller of the transactions contemplated hereby and thereby (a) shall violate any applicable Law or Order, (b) shall require any authorization, consent, approval, exemption or
other action by or notice to any Government Entity, or (c) shall violate or conflict with, or constitute a default (or an event which, with notice or lapse of time, or both, 
  

 would constitute a default) under, or shall result in the termination of, or accelerate the performance
required by, or result in the creation of any Lien (as defined in Section 4.8 upon any of the assets of Seller under, any term or provision of the Articles of Organization or Bylaws of Seller or of any contract, commitment, understanding,
arrangement, agreement or restriction of any kind or character to which Seller is a party or by which Seller or any of its assets or properties may be bound or affected. 
 4.4. Tax Matters. Seller has paid all federal, state and local taxes currently due relating to the Purchased Assets and the
Business through and including the Closing Date, including without limitation all sales and use tax, franchise tax and excise tax. 
 4.5. Absence of Undisclosed Liabilities. Except as and to the extent specifically disclosed in this Agreement, Seller does not have any Liabilities in respect of the Domain Name or the Purchased Assets other than commercial
liabilities and obligations incurred in the ordinary course of business and consistent with past practice and none of which has or shall have a material adverse effect on the Domain Name banks.com or the Purchased Assets. Seller has no actual
knowledge of any basis for the assertion against Seller of any Liability in connection with the Domain Name banks.com , and there are no circumstances, conditions, happenings, events or arrangements, contractual or otherwise, which may give rise to
Liabilities, except commercial liabilities and obligations incurred in the ordinary course of Seller’s business and consistent with past practice. 
 4.6. No Litigation. There is no pending or, to Seller’s actual knowledge, threatened, Litigation against Seller, its affiliates, or their respective officers or directors (in such capacity), its business
or any of its assets, in any way relating to or affecting the Domain Name banks.com , nor does Seller know, or have grounds to know, of any basis for any Litigation. Neither Seller nor the Domain Name banks.com or any of the Purchased Assets is
subject to any Order. 
 4.7. Marketable Title. Seller has good and marketable title to the Domain Name banks.com and
the Purchased Assets, free and clear of all mortgages, liens (statutory or otherwise), security interests, claims, or encumbrances of any nature whatsoever (collectively, “Liens”). None of the Purchased Assets of the Domain Name banks.com
is subject to any restrictions with respect to the transferability thereof. Seller has complete and unrestricted power and right to sell, assign, convey and deliver the Domain Name banks.com and Purchase Assets to Buyer. At Closing, Buyer shall
receive good and marketable title to the Domain Name banks.com and Purchased Assets, free and clear of all Liens. 
 4.8.
Trade Rights. To the best of Seller’s actual knowledge, Seller is not infringing and has not infringed any Trade Rights of another in the operation of the Domain Name banks.com, nor is any other person infringing the Trade Rights of
Seller. There is no Litigation pending or, to Seller’s actual knowledge, threatened, to challenge Seller’s right, title and interest with respect to its continued use of the Trade Rights in connection with the Domain Name banks.com , as
such is currently being conducted, and right to preclude others from using any Trade Rights of Seller. Seller is not aware of any facts or circumstances that could give rise to such Litigation. All Trade Rights of Seller are valid, enforceable and
in good standing, and there are no equitable defenses to enforcement based on any act or omission of Seller. 
 4.9. Assets
Necessary to use the Domain Name banks.com. The Purchased Assets include all property and assets (except for the Excluded Assets), which are necessary to permit Buyer to carry on the with the use of Domain Name banks.com as presently conducted.

 4.10. Brokers or Finders. Other than a broker’s fee payable to Renown by Seller, neither Seller nor any of its
employees, representatives or agents have retained, employed or used any broker or finder in connection with the transactions provided for herein or the negotiation thereof. 
  

 5 REPRESENTATIONS AND WARRANTIES OF BUYER 
 Buyer makes the following representations and warranties to Seller, each of which is true and correct on the date hereof and shall remain true and correct
to and including the Closing Date. 
 5.1. Corporate. 
 5.1.a) Organization. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada.

 5.1.b) Corporate Power. Buyer has all requisite corporate power to enter into this Agreement and the other documents and
instruments to be executed and delivered by Buyer and to carry out the transactions contemplated hereby and thereby. 
 5.2.
Authority. The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered by Buyer pursuant hereto and the consummation of the transactions contemplated hereby and thereby have been duly
authorized by the Board of Directors of Buyer. No other corporate act or proceeding on the part of Buyer or its shareholders is necessary to authorize this Agreement or the other documents and instruments to be executed and delivered by Buyer
pursuant hereto or the consummation of the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered, the other documents and instruments to be executed and delivered by Buyer pursuant hereto shall
constitute, valid and binding agreements of Buyer, enforceable in accordance with their respective terms, except as such may be limited by bankruptcy, insolvency, reorganization or other laws affecting creditors’ rights generally, and by
general equitable principles. 
 5.3. No Brokers or Finders. Neither Buyer nor any of its directors, officers,
employees, affiliates or agents have retained, employed or used any broker or finder in connection with the transactions provided for herein or the negotiation thereof. 
 6 COVENANTS OF THE PARTIES 
 The parties covenant and agree as follows, which covenants shall survive
the Closing except as otherwise provided below: 
 6.1. Non-Use and Non-Interference. Seller covenants and agrees that
neither Seller nor any of its affiliates and representatives shall, directly or indirectly, (i) make further use of the Domain Name as of the Closing Date; (ii) challenge, interfere, obstruct, or solicit, encourage or assist others to
challenge or otherwise interfere with, Buyer’s title, interest, right or use of the Domain Name; (iii) use or register any of the following domain names: “bank” or “banks” followed by .com, .net, .org., .info or any
other TLD related to such domain name; or (iv) take or refrain from any action that may detrimentally affect the registrability, validity of, or commercial value associated with the Domain Name, including the goodwill associated therewith. In
the event a court of competent jurisdiction determines that the provisions of this covenant are excessively broad as to duration, geographical scope or activity, it is expressly agreed that this covenant shall be construed so that the remaining
provisions shall not be affected, but shall remain in full force and effect, and any such overbroad provisions shall be deemed, without further action on the part of any person, to be modified, amended and/or limited, but only to the extent
necessary to render the same valid and enforceable in such jurisdiction. This provision shall survive the Closing. 
  

 6.2. Confidential Information. Seller shall not at any time subsequent to the
Closing, except as explicitly requested by Buyer, use for any purpose or disclose to any person, documents, tapes, discs, programs or other information storage media (“Records”) containing any Confidential Information concerning the Domain
Name banks.com or Purchased Assets, all such information being deemed to be transferred to the Buyer hereunder. For purposes hereof, “Confidential Information” shall mean and include, without limitation and with respect only to the Domain
Name banks.com or the Purchased Assets, all Intellectual Property, customer and vendor lists and related information, information concerning Seller’s operations, strategies, processes, products, software, sales, marketing and distribution
methods, properties and assets, liabilities, finances, all privileged communications and work product related to the title, interest, right of use, registrability, validity or commercial value of the Domain Name, and any other information not
previously disclosed to the public directly by Seller. If at any time after Closing Seller should discover that it is in possession of any Records containing Confidential Information, Seller shall promptly turn such Records over to Buyer, subject to
Seller’s right to retain copies thereof. Seller covenants and agrees that it shall not assert a waiver or loss of confidential or privileged status of the information based upon such possession or discovery. Seller hereby consents to
Buyer’s consultation with legal, accounting and other professional advisors to Seller concerning advice rendered to Seller prior to the Closing regarding the Domain Name banks.com or Purchased Assets, excluding, however, the negotiation and
drafting of this Agreement and the transactions entered into pursuant hereto. This provision shall survive the Closing. 
 7 INDEMNIFICATION BY
SELLER 
 7.1. Indemnity. Subject to the terms and conditions of this Article 7, Seller, hereby agrees to
compensate, indemnify, and hold harmless Buyer, and its directors, officers, employees and controlled and controlling persons (collectively, the “Buyer Indemnified Parties”), and at Buyer’s option and request defend the Buyer
Indemnified Parties, from and against all Claims asserted against, resulting to, imposed upon, or incurred by the Buyer Indemnified Parties or the Domain Name banks.com and Purchased Assets transferred to Buyer pursuant to this Agreement, directly
or indirectly, by reason of, arising out of or resulting from (a) the inaccuracy or breach of any representation or warranty of Seller contained in or made pursuant to this Agreement; (b) the breach of any covenant of Seller contained in
this Agreement; (c) any Claim brought by or on behalf of any broker or finder retained, employed or used by Seller or any of its employees, representatives or agents in connection with the transactions provided for herein or the negotiations
thereof, whether or not disclosed herein; (d) any Claim by or in respect of an employee or former employee of Seller; (e) any Claim of or against Seller, the Purchased Assets not specifically and expressly assumed by Buyer pursuant hereto;
or (f) all Seller Liabilities. As used in this Article 7, the term “Claim” shall include (i) all losses, deficiencies, damages (including, without limitation, consequential damages), judgments, awards, penalties and settlements;
(ii) all demands, claims, suits, actions, causes of action, proceedings and assessments, whether or not ultimately determined to be valid; and (iii) all costs and expenses (including, without limitation, interest (including prejudgment
interest in any litigated or arbitrated matter), court costs and fees and expenses of attorneys and expert witnesses) of investigating, defending or asserting any of the foregoing or of enforcing this Agreement. 
 7.2. Seller’s Rights. Anything in this Article 7 to the contrary notwithstanding, (i) if there is a reasonable
probability that a Claim may materially and adversely affect the Buyer Indemnified Party other than as a result of money damages or other money payments, the Buyer Indemnified Party shall have the right to defend, compromise or settle such Claim,
and 
  

 (ii) the Seller shall not, without the written consent of the Buyer Indemnified Party, settle or
compromise any Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to the Buyer Indemnified Party of a release from all Liability in respect of such Claim.

 8 INDEMNIFICATION BY BUYER 
 8.1. Indemnity. Subject to the terms and conditions of this Article 8, Buyer hereby agrees to compensate, indemnify, and hold harmless Seller, and its directors, officers, employees and controlled and controlling persons
(collectively, the “Seller Indemnified Parties”), and at Seller’s option and request defend the Seller Indemnified Parties, from and against all Claims asserted against, resulting to, imposed upon, or incurred by the Seller
Indemnified Parties, directly or indirectly, by reason of, arising out of or resulting from (a) the inaccuracy or breach of any representation or warranty of Buyer contained in or made pursuant to this Agreement; (b) the breach of any
covenant of Buyer contained in this Agreement; (c) any Claim by or in respect of an employee or former employee of Buyer; or (d) any Claim of or against Buyer not specifically and expressly assumed by Seller pursuant hereto. The term
“Claim” as used herein shall have the same meaning as in Article 7 hereof. 
 8.2. Buyer’s Rights.
Anything in this Article 8 to the contrary notwithstanding, (i) if there is a reasonable probability that a Claim may materially and adversely affect the Seller Indemnified Party other than as a result of money damages or other money payments,
the Seller Indemnified Party shall have the right to defend, compromise or settle such Claim, and (ii) the Buyer shall not, without the written consent of the Seller Indemnified Party, settle or compromise any Claim or consent to the entry of
any judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to the Seller Indemnified Party of a release from all Liability in respect of such Claim. 
 9 CLOSING 
 The closing of this transaction (the
“Closing”) shall take place, whether in person or through a “mail-away” closing, no later than September 30, 2006, at such time and place as the parties hereto shall mutually agree. Such date is referred to in this
Agreement as the “Closing Date”. At the Closing, the documents, instruments and writings in respect of the Purchased Assets to be delivered by Seller, and the Purchase Price that is to be paid by Buyer at Closing under Section 3.1,
shall be delivered simultaneously. 
 9.1. Seller Deliveries. At the Closing, Seller shall deliver to Buyer or
Buyer’s designee the following documents, in each case duly executed or otherwise in proper form: 
 9.1.a) Bills of Sale. Bills
of sale and such other instruments of assignment, transfer, conveyance and endorsement, as shall be sufficient in the reasonable opinion of Buyer and its counsel to transfer, assign, convey and deliver to Buyer the Purchased Assets as contemplated
hereby. 
 9.1.b) Other Documents. All other documents, instruments or writings required to be delivered to Buyer at or prior to the
Closing pursuant to this Agreement and such other certificates of authority and documents as Buyer may reasonably request. 
  

 9.2. Buyer Deliveries. At the Closing, Buyer shall deliver the following items, in
each case duly executed or otherwise in proper form: 
 9.2.a) Purchase Price. To Escrow Agent, the Purchase Price in accordance with
Section 3.1. 
 9.2.b) Other Documents. To Seller, all other documents, instruments or writings required to be delivered to
Seller at or prior to the Closing pursuant to this Agreement and such other certificates of authority and documents as Seller may reasonably request. 
 10 CONDITIONS PRECEDENT TO CLOSING 
 10.1. Conditions Precedent to Buyer’s Performance. All
obligations of Buyer under this Agreement are subject to the fulfillment, prior to or at the closing, of each of the following conditions: (i) Seller shall have performed and complied in all respects with all agreements and conditions required
by this Agreement to be performed or complied with by it prior to or at the Closing. 
 10.2. Conditions Precedent to
Seller’s Performance. All obligations of Seller under this Agreement are subject to the fulfillment, prior to or at the closing, of the following condition: (i) Buyer shall have performed and complied in all respects with all
agreements and conditions required by this Agreement to be performed or complied with by it prior to or at the Closing. 
 11 MISCELLANEOUS

 11.1. Further Assurance. 
 (a) From time to time, at Buyer’s request and without further consideration, Seller shall do, acknowledge, execute and deliver all such further acts, deeds, assignments, transfers, conveyances, powers of attorney
and other such documents, instruments and consents as may be reasonably necessary or appropriate to consummate more effectively the transactions contemplated hereby, to discharge the covenants of Seller and to vest in Buyer good, valid and
marketable title to the Domain Name and the Purchased Assets, including but not limited to, completing, executing and delivering the necessary registrant name change agreement pertaining to the Domain Name and executing any and all documents and
notices necessary for the assignment to Buyer of any Contracts. 
 (b) Seller recognizes that Buyer may need financial or other data with
respect to the Domain Name banks.com covering periods prior to or after the Closing in order to comply with rules and regulations of the United States Securities and Exchange Commission, courts or other governmental organizations and
agencies, and Seller shall render reasonable cooperation to Buyer and its auditors (at Buyer’s expense) to provide such information upon request. 
  

 11.2. Disclosures and Announcements. All press releases and other public
disclosures and announcements concerning the transactions provided for in this Agreement shall be made only by Buyer, and Buyer shall seek input from Seller on content and timing of such disclosures and announcements. In no event shall Seller’s
approval be required, however, particularly with respect to any statements and other information which Buyer may submit to the Securities and Exchange Commission or Buyer’s stockholders or be required to make pursuant to any rule or regulation
of the Securities and Exchange Commission or NASDAQ, or otherwise required by law. 
 11.3. Assignment; Parties in
Interest. 
 11.3.a) Assignment. Except as expressly provided herein, the rights and obligations of a party hereunder may not be
assigned, transferred or encumbered without the prior written consent of the other parties. 
 11.3.b) Parties in Interest. This
Agreement shall be binding upon, inure to the benefit of, and be enforceable by the respective successors and permitted assigns of the parties hereto. Nothing contained herein shall be deemed to confer upon any other person any right or remedy under
or by reason of this Agreement. 
  

 11.4. Equitable Relief. The parties agree that any breach of the covenants
contained in Article 6 hereof shall result in irreparable injury to the non-breaching party for which a remedy at law would be inadequate; and that, in addition to any relief at law which may be available to the non-breaching party for such breach
and regardless of any other provision contained in this Agreement, such party shall be entitled to injunctive and other equitable relief as a court may grant. This Section 11.4 shall not be construed to limit a party’s right to obtain
equitable relief for other breaches of this Agreement under general equitable standards. 
 11.5. Law Governing Agreement;
Jurisdiction and Venue. This Agreement shall be construed and interpreted according to the internal laws of the State of Delaware, excluding any choice of law rules that may direct the application of the laws of another jurisdiction. In the
event it shall become necessary for any party to take action of any type whatsoever to enforce the terms of this Agreement, venue shall lie exclusively in the state or federal courts sitting in New York, New York. The parties consent to the personal
jurisdiction of the aforementioned venues in any action concerning or relating to the Agreement, and any objections to personal jurisdiction are hereby expressly waived. THE PARTIES HEREBY EXPRESSLY WAIVE ANY AND ALL RIGHT TO A TRIAL BY JURY WITH
RESPECT TO ANY ACTION, PROCEEDING OR OTHER LITIGATION RESULTING FROM OR INVOLVING THE ENFORCEMENT OF THIS AGREEMENT OR A DISPUTE UNDER OR RELATING TO THIS AGREEMENT. Process and pleadings mailed to a party at the address provided in
Section 11.7 shall be deemed properly served and accepted for all purposes. 
 11.6. Amendment and Modification.
No purported modification, amendment or waiver of this Agreement or its terms shall be effective unless it is in writing and signed by Buyer and Seller. 
 11.7. Notice. All notices, requests, demands and other communications hereunder shall be given in writing and shall be: (a) personally delivered; (b) sent by telecopier, facsimile transmission or
other electronic means of transmitting written documents; or (c) sent to the parties at their respective addresses indicated herein by registered or certified mail, return receipt requested and postage prepaid, or by private overnight mail
courier service. The respective addresses to be used for all such notices, demands or requests are as follows: 
  

	 	(a)	If to Buyer, to: 

 Internet Revenue Services, Inc.

 250 Montgomery Street 
 Suite
1200 
 San Francisco, CA 94104 
 Attn: Daniel M. O’Donnell 
 Facsimile: (415) 869-5403 
 With copies to: 
 Foley & Lardner
LLP 
 100 N. Tampa Street 
 Suite 2700 
 Tampa, FL 33602 
 Attn: Martin A. Traber, Esq. 
 Facsímile: (813) 221-4210 
 or to such other person or address as Buyer shall furnish to Seller in writing. 
  

	 	(b)	If to Seller, to: 

 Robert Fox and Lina Watson 

PO Box 2162 
 Luton, Beds 
 LU3 2YT, UK 
 Fax: 0044 1582 585057

 With copies to: 
 Anthony D.
Martin, Esq., Attorney-at-Law 
 Alderley House 
 Andertons Mill 
 Heskin 
 Lancashire 
 PR7 5PY 
 England 
 Fax: 0044 1257 451383 
 or to such other person or address as Seller shall furnish to Buyer in writing. 
 If personally delivered, such communication shall be deemed delivered upon actual receipt; if electronically transmitted pursuant to this paragraph, such
communication shall be deemed delivered the next business day after transmission (and sender shall bear the burden of proof of delivery); if sent by overnight courier pursuant to this paragraph, such communication shall be deemed delivered upon
receipt; and if sent by mail pursuant to this paragraph, such communication shall be deemed delivered as of the date of delivery indicated on the receipt issued by the relevant postal service, or, if the addressee fails or refuses to accept
delivery, as of the date of such failure or refusal. Any party to this Agreement may change its address for the purposes of this Agreement by giving notice thereof in accordance with this Section. 
 11.8. Expenses. Regardless of whether or not the transactions contemplated hereby are consummated, each of the parties shall bear
its own expenses and the expenses of its counsel and other agents in connection with the transactions contemplated hereby. The parties agree that the prevailing party in any action brought with respect to or to enforce any right or remedy under this
Agreement shall be entitled to recover from the other party or parties all reasonable costs and expenses of any nature whatsoever incurred by the prevailing party in connection with such action, including without limitation attorneys’ fees and
prejudgment interest. 
 11.9. Entire Agreement. This instrument, along with all exhibits and schedules thereto,
embodies the entire agreement between the parties hereto with respect to the transactions contemplated herein, and there have been and are no agreements, representations or warranties between the parties other than those set forth or provided for
herein. Each party warrants that it has relied solely on its own diligent investigations as well as on the representations and this Agreement. 
 11.10. No Warranty of Profitability. Buyer acknowledges that Seller makes no claims, representation or warranty as to the future profitability of the Domain Name. 
 11.11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. 
 11.12. Delivery by Facsimile. This Agreement and
each other agreement or instrument entered into in connection herewith, to the extent signed and delivered by 
  

 means of a facsimile machine, shall be treated in all manner and respects as an original agreement or
instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or
thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine to deliver a signature or the fact that any signature or
agreement or instrument was transmitted or communicated through the use of facsimile machine as a defense to the enforceability of a contract and each such party forever waives any such defense. 
 11.13. Headings. The headings in this Agreement are inserted for convenience only and shall not constitute a part hereof.

 11.14. Severability. If any clause or provision herein contained operates or would operate to invalidate this
Agreement in whole or in part, then such clause or provision only shall be deemed severed and not a part hereof, as though not contained herein, and the remainder of this Agreement shall remain operative and in full force and effect. 
 11.15. Contract Interpretation. Ambiguities, inconsistencies, or conflicts in this Agreement shall not be strictly construed
against the drafter of the language but shall be resolved by applying the most reasonable interpretation under the circumstances, giving full consideration to the parties’ intentions at the time this Agreement is entered into. Each party hereto
agrees that it has consulted with, or had ample opportunity to consult with, counsel of its own choosing. Where the context of this Agreement requires, singular terms shall be considered plural, and plural terms shall be considered singular. Where
any group or category of items or matters is defined collectively in the plural number, any item or matter within such definition may be referred to using such defined term in the singular number. 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above
written. 
  

			
	“BUYER”
	
	INTERNET REVENUE SERVICES, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	President and CEO
	
	“SELLER”
		
	By:	 	 /s/ Robert Fox

	Name:	 	Robert Fox
		
	By:	 	 /s/ Lina Watson

	Name:	 	Lina Watson

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]