Document:

Salamon Group Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

STOCK PURCHASE AGREEMENT

This Agreement dated this 30th day of December,
2010.

	BETWEEN: 	SALAMON GROUP INC. (a publicly, traded,
      Nevada Corporation) 
	  	5-215 Neave Road 
	  	Kelowna, BC V1V 2L9 
	  	(hereinafter referred to as “SGI”)
  
	  	  
	  	  
	AND: 	MICHAEL MATVIESHEN, 5 – 215 Neave Road,
      Kelowna, BC, Canada V1V 2L9 
	  	  
	  	(hereinafter referred to as the
      “SELLER”) 
	  	  
	AND: 	SUNLOGICS POWER FUND MANAGEMENT INC.(a
      Canadian Corporation) 
	  	5 – 215 Neave Road, Kelowna, BC Canada, V1V 2L9
    
	  	  
	  	(hereinafter referred to as the
      “COMPANY”) 

(Each referred to as a “Party” and collectively as the
“Parties”)

WHEREAS:

A.      SGI is a Publicly traded
Nevada corporation with an authorized share capital of 500,000,000 shares of
common stock with a par value of USD $0.001, of which 25,460,728 (twenty-five
million four hundred and sixty thousand seven hundred and twenty-eight) shares
of common stock are issued and outstanding; and

B.      SGI warrants that it is a
corporation duly organized, validly existing and in good standing under the laws
of the state of its incorporation. SGI has the power and the authority and all
licenses and permits required by Governmental or Regulatory Authorities to own
and operate its assets and carry on the its business as is now being conducted;
and

C.      SGI warrants that it is free
and clear of any encumbrances other than as given in the Balance Sheet of SGI
(“SGI Balance Sheet”) attached under Schedule A and SGI warrants
that there are no claims of any kind registered against it nor are there any
legal actions being taken against it nor is SGI taking any legal action against
any other party; and

D.      the SELLER herewith warrants
that he has the right and power to sell the Company Shares and furthermore
warrants that the COMPANY is free and clear of any encumbrances other than as
disclosed in the Balance Sheet of the COMPANY, (“Company Balance Sheet”)
attached under Schedule B and that there are no claims of any kind registered
against the COMPANY; and

E.      The COMPANY warrants that it
is a corporation duly organized, validly existing and in good standing under the
laws of the state of its incorporation. The COMPANY has the power and the
authority and all licenses and permits required by Governmental or Regulatory
Authorities to own and operate its assets and carry on its business as is now
being conducted; and

F.      At the time of the Closing (as
defined below), the COMPANY shall include any and all ASSETS, RECEIVABLES,
LIABILITIES, CONTRACTS, GOOD WILL and all such other Items that are owned 

and or controlled by the COMPANY on the date given above, as
defined under Schedule C attached herewith, and

G.      the COMPANY’s authorized Share
Capital is 10,000 (ten thousand) shares of common stock; and

H.      SELLER holds 100 (one hundred)
shares of common stock of the Company (“Company Shares”) representing all of the
issued and outstanding shares of common stock of the COMPANY; and

I.      SGI desires to purchase and
the SELLER desires to sell the Company Shares to SGI in exchange for 40,000,000
(“Forty million”) shares of common stock of SGI (“SGI Shares”) to be issued to
SELLER and/or SELLER’s assignee(s). 

THEREFORE THIS AGREEMENT WITNESSES that in consideration
of the premises and covenants and agreements contained in this Stock Purchase
Agreement (“Agreement”), the Parties covenant and agree with each other as
follows:

	1) 	
      SGI agrees to purchase and the SELLER agrees to sell the
      Company Shares to SGI.

	 	 
	2) 	
      The Closing date shall occur on or about February 15,
      2011, but in any event no later than February 28, 2011 (“Closing
      Date”).

	 	 
	3) 	
      The Closing shall be contingent upon the
  following:

	 	i. 	
      The Auditors of SGI, auditing the Company’s Financial
      Statements and finding the values given therein acceptable; and

	 	 	 
	 	ii. 	
      Each of the Parties obtaining all requisite approvals for
      the consummation of the transactions contemplated herein and making all
      necessary filings with the SEC, as applicable, and any other applicable
      securities commission; and

	 	 	 
	 	iii. 	
      The pro forma consolidated financial statements of SGI
      shall have been completed in accordance with the Exchange Act, and the
      rules and regulations promulgated there under, and the report of
      independent auditors with respect to such financial statements completed
      and submitted

	4) 	
      In addition to Section 3 above, the Closing shall occur
      upon the following conditions being met (or
waived):

	 	A. 	
      Deliveries of SELLER:

	 	 	 	 
	 		i. 	
      A certified copy of resolutions, duly adopted by the
      Board of Directors and stockholders of the COMPANY, authorizing the
      transactions contemplated herein;

	 	 	 	 
	 		ii. 	
      Certificates issued by the appropriate Governmental or
      Regulatory Authority as required to evidence the legal existence and good
      standing of the COMPANY;

	 	 	 	 
	 		iii. 	
      SELLER shall deliver or cause to be delivered to SGI the
      following with respect to COMPANY Shares: (a) stock powers duly endorsed
      by the COMPANY, and otherwise in form acceptable for transfer of the
      COMPANY Shares on the books of the COMPANY to SGI; (b) certificates
      representing the COMPANY Shares; and (c) any approvals or consents
      required with respect to the transfer of the COMPANY Shares to SGI;
    and

	 	 	 	 
	 		iv. 	
      Such other closing documents and instruments as SGI
      reasonably may require.

	 	 	 	 
	 	B. 	
      Deliveries of SGI:

	 	 	 	 
	 		i. 	
      A certified copy of resolutions, duly adopted by the
      Board of Directors of SGI authorizing the transactions contemplated
      herein;

	 	ii. 	
      The aggregate amount of 40,000,000 (forty million) SGI
      Shares issued to the SELLER and/or his assignee(s); and

	 	 	 
	 	iii. 	
      Such other closing documents and instruments as SELLER
      and/or the COMPANY reasonably may require.

In the event that any provision of this Agreement shall be held
to be invalid or unenforceable by a court of competent jurisdiction, the
remainder of this Agreement should remain in full force and effect and be
interpreted as if such invalid or unenforceable provision had not been a part
hereof; provided, however, if any particular portion of this Agreement shall be
adjudicated invalid or unenforceable by reason of the length of time or scope of
applicability provided for herein, this Agreement shall be deemed amended to
diminish such time and/or reduce such scope to the longest enforceable time and
the broadest enforceable scope of applicability.

	5) 	
      This Agreement is being executed without the benefit of
      legal counsel, provided however, the Parties to this Agreement may at
      their cost submit this Agreement to legal counsel for revision to give it
      proper and legal effect, provided however, the content and spirit of the
      Agreement shall not be modified and provided that such revision shall be
      done on or before 60 days from date of this Agreement.

	 	 
	6) 	
      Each Party to this Agreement agrees to perform all such
      other actions and execute such other documents deemed necessary to give
      full effect to this Agreement.

	 	 
	7) 	
      If the Closing of the transactions contemplated herein
      does not occur for any reason, then the rights and obligations of the
      Parties hereunder shall terminate without any liability of any Party to
      any other Party.

	 	 
	8) 	
      This Agreement, together with its schedules, exhibits and
      the other agreements to be entered into in connection with the
      transactions contemplated hereby, constitutes the entire understanding
      among the Parties and supersedes all other understandings and agreements,
      oral or written, with respect to the subject matter hereof.

	 	 
	9) 	
      This Agreement may be executed in counterparts, each of
      which shall be deemed an original, but all of which together shall
      constitute one and the same instrument.

	 	 
	10) 	
      This Agreement shall enure to the benefit and be binding
      upon the parties hereto and their respective heirs, executors,
      administrators, successors, associates and assigns.

	 	 
	11) 	
      This Agreement shall be governed by and construed in
      accordance with the Laws of the State of Nevada.

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

	SALAMON GROUP INC. 	 	SELLER 
	 	 	 
	Authorized Signatory 	 	Michael Matvieshen 
	  	 	  
	 	 	 
	SUNLOGICS POWER MANAGEMENT FUND INC.

	 	 	 
	MICHAEL MATVIESHEN, President & CEOMount Knowledge Holdings, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

INTELLECTUAL PROPERTY PURCHASE AGREEMENT

     THIS INTELLECTUAL PROPERTY
PURCHASE AGREEMENT (“Agreement”) is made as of the Effective Date by and between
UCANDU LEARNING CENTRES INC., with offices located at 290 Hounslow Avenue,
Toronto, ON M2N 4B8, Canada, and ERWIN SNIEDZINS on the one hand (collectively,
the “Seller”) and MOUNT KNOWLEDGE HOLDINGS, INC., with offices located at 39555
Orchard Hill Place, Suite 600 PMB 6096, Novi, Michigan 48375, on the other hand
(the “Purchaser”).

WITNESSETH

     WHEREAS, Seller is the sole and
exclusive owner of that certain software commonly referred to between the
parties as the “Real-Time Self Learning Systems” as defined in Section 1.02(14)
of this Agreement (“Software”); and

     WHEREAS, Seller desires to sell
the Software including all copyrights, patents, trademarks, servicemarks and
trade secrets therein to Purchaser.

     NOW, THEREFORE, in consideration
of the mutual benefits of the covenants and restrictions hereinafter provided,
Seller and Purchaser hereby agree as follows:

RECITALS AND DEFINITIONS

Section 1.01 – Recitals: The above recitals and
statement of parties is true and correct.

Section 1.02 – Definitions: The following definitions
shall apply:

     (1)    
Affiliate: The term “Affiliate” shall mean, any Person that, directly or
indirectly through one or more intermediaries, controls or is controlled by or
is under common control with a Person, as such terms are used in and construed
under Rule 405 under the Securities Act of 1933, as amended.

     (2)   
 Code: The term “Code” shall mean that portion of the Software
developed and authored solely by Seller and expressly excluding Software
enhancements, modifications and developments by Purchaser.

     (3)    
Computer: The term “Computer” shall mean computer hardware designated by
Purchaser.

     (4)    
Confidential Information: The term “Confidential Information” shall mean
may receive, learn or otherwise become aware of information regarding the
Purchaser that Seller may receive, learn or otherwise become aware of including
without limitation Purchaser’s business methods, strategies, policies,
procedures, techniques, research, historical or projected financial information,
budgets, trade secrets, or any other confidential information of or relating to
or dealing with the business operations, activities or strategies of the
Purchaser. Confidential Information shall not include information (i) known to
or owned by Contractor prior to the date of this Agreement, (ii) developed by
Contractor independent of the Purchaser, (iii) that was at the time of
disclosure to Contractor or thereafter became public acknowledge through no
fault or omission of Contractor; or, (iv) was lawfully obtained by Contractor
from a third party under no obligation of confidentiality to the Purchaser. For purposes of
this definition, Confidential Information shall be deemed to include all
information concerning the Intellectual Property as well as derivative works and
new products and services in connection therewith.

     (5)    
Customer: The term “Customer” shall mean any person that, directly or
indirectly, (i) is utilizing the services of, or acquiring products from, the
Purchaser or any of its Affiliates or is a customer pursuant to a contract with
the Purchaser or any of its Affiliates; (ii) has either utilized the services or
acquired products from the Purchaser or any of its Affiliates or was a customer
pursuant to a contract with the Purchaser or any of its Affiliates; or (iii)
issued a solicitation pursuant to which the Purchaser or any of its Affiliates
has submitted a bid or proposal to provide products or services; or (iv) is
licensing, or has in the past licensed, the Software from Purchaser or any of
its Affiliates or representatives.

     (6)    
Delivery Date: The term “Delivery Date” shall mean the date which is ten
days after the Effective Date.

     (7)    
Documentation: The term “Documentation” shall mean all documents,
handbooks, manuals, brochures, program flow charts, source code listings, design
documents, programming notes, requirements statements, specification summaries
as well as all technical, administrative, operational and marketing materials
and publications describing or referencing the Software including (without
limitation) that certain Master Software Licensing Agreement and the Operations
Manual for the Software.

     (8)    
Effective Date: The term “Effective Date” shall mean December 28,
2010.

     (9)   
 First Payment Amount: The term “First Payment Amount” shall mean:
(i) in the event that the Closing Date Appraised Value is equal to or greater
than the Target Value, the First Payment Amount shall be an amount equal to
$1,023,669.60; (ii) in the event that the Closing Date Appraised Value is less
than the Target Value but greater than the Threshold Value, the First Payment
Amount shall be equal to the Closing Date Appraised Value less the Threshold
Value; (iii) in the event that the Closing Date Appraised Value is less than the
Threshold Value, the First Payment Amount shall be equal to zero.

     (10)   
Intellectual Property: The term “Intellectual Property” shall mean the
Software and Documentation including (without limitation) all copyrights,
patents, trademarks, service marks and trade secrets therein as further
described in Schedule A hereto.

     (11)   
Manuals: The term “Manuals” shall mean that portion of the Documentation
developed and authored solely by Seller and expressly excluding documentation
enhancements, modifications and developments by Purchaser.

     (12)    Master
Software Licensing Agreement: The term “ Master Software Licensing
Agreement” shall mean that certain Licensing Agreement dated January 21, 2010 by
and between Mount Knowledge Inc., an Affiliate of Seller, and Mount Knowledge
Holdings, Inc. under which Mount Knowledge Holdings, Inc. originally acquired
the right to use and distribute the Software.

     (13)   
Person: The term “Person” shall mean an individual, corporation, limited
liability company, partnership, joint venture, trust, estate, unincorporated
organization or government or any agency or political subdivision thereof.

2

     (14)    Second
Payment Amount: The term “Second Payment Amount” shall mean 2,500,000 shares
of Purchaser’s common stock.

     (15)   
Software: The term “Software” shall mean the source code, object code,
executable code and all files and supporting code for the software listed in
Exhibit A which is attached hereto and by this reference incorporated herein
including (without limitation) all enhancements, modifications, improvements and
updates thereto as well as all derivative works thereof.

     (16)    Target
Value: The term “Target Value” shall mean $2,047,339.20.

     (17)    Threshold
Value: The term “Threshold Value” shall mean $1,000,000.

     (18)    Trade
Secrets: The term “Trade Secrets” shall mean the trade secrets of Purchaser
which shall include (without limitation) the Software and Confidential
Information.

SALE OF SOFTWARE

Section 2.01 – Conveyance: Seller hereby assigns,
transfers, conveys and delivers to the Purchaser, and the Purchaser hereby
accepts from the Seller, good and valid title to the Intellectual Property, free
and clear of any encumbrances, on the terms and subject to the conditions set
forth in this Agreement. Title to the Intellectual Property shall pass to
Purchaser as of the Effective Date.

Section 2.02 – Unrestricted Use: Seller hereby grants
Purchaser a nonexclusive, nontransferable and perpetual license to use the Code
and Manuals.

Section 2.03 – Delivery: Seller shall be responsible for
shipment of the Intellectual Property to Purchaser. Seller shall deliver the
Intellectual Property to Purchaser by the Delivery Date. The Software and
Documentation shall be delivered on magnetic media compatible with the Computer.
The Tradenames shall be delivered in hardcopy form.

Section 2.04 – Risk of Loss: Seller shall assume risk of
loss or injury to the Intellectual Property until the Delivery Date. Purchaser
assumes risk of loss of the Intellectual Property as of the Delivery Date.

INTELLECTUAL PROPERTY

Section 3.01 – Customers: Seller shall not (directly or
indirectly) communicate with Customers for purposes of providing such Customers
with the Intellectual Property or any information, services or products related
thereto, unless Seller is otherwise provided written authorization from the
Purchaser separately from this Agreement or authorization is granted to Seller
from the terms and conditions of a separate agreement with the Purchaser, not a
part of hereto.

Section 3.02 – Noncompete: Seller shall not, for its own
benefit or the benefit of any third party, directly or indirectly, engage in (as
a principal, shareholder, partner, director, officer, agent, employee consultant
or otherwise) or be financially interested in any business operating within the
United States of America or countries outside of the United States of America
where any Customer or prospective Customers is located (collectively, the
“Restricted Area”), which (i) provides or plans to provide services materially
the same as the services provided by the Purchaser or any of its Affiliates; or
(ii) conducts any business activities which are materially the same as and which are in competition with the business of the
Purchaser or any of its Affiliates or the Intellectual Property, or with
business activities carried on or planned by the Purchaser or any of its
Affiliates.

3

Section 3.03 – Nonsolicitation: Seller shall not, for
its own benefit or the benefit of any third party, directly or indirectly,
induce or attempt to influence any current, former or prospective employee,
consultant, contractor, Customer, independent contractor, vendor or supplier of
the Purchaser or any of its Affiliates to terminate, diminish, or not establish
an employment or other relationship with the Purchaser or any of its
Affiliates.

Section 3.04 – Intentionally Omitted.

Section 3.05 – Trade Secrets: Seller shall not disclose
the Trade Secrets without the prior written consent of Purchaser. Seller hereby
acknowledges and agrees that the Trade Secrets derive independent economic value
(actual or potential) from not being generally known to, and not being readily
ascertainable by proper means by, other persons who can obtain economic value
from their disclosure or use; are the subject of reasonable efforts under the
circumstance to maintain their secrecy; and are trade secrets as defined under
applicable United States and Canadian laws.

Section 3.06 – Licenses: The disclosure of Trade Secrets
to Seller by Purchaser shall not be construed as the grant of a License to
Seller to use any such trade secret to develop proprietary products, or to use
any proprietary products resulting from such Trade Secrets. Seller hereby
acknowledges that all proprietary and secret information, materials, concepts,
applications, technologies, systems, solutions, techniques, methods, processes,
adaptions and ideas resulting from the Trade Secrets shall belong solely and
exclusively to Purchaser including, but not limited to, any and all copyrights,
patents, trademarks, servicemarks, and tradesecrets arising therefrom or related
thereto.

Section 3.07 – News Releases/Public Announcements:
Seller shall not issue any public announcements or news releases containing
references to this Agreement or sale of the Intellectual Property to Purchaser
under this Agreement without the prior written consent of Purchaser.

Section 3.08 – Automatic Reduction: If the Restricted
Area or the period of time applicable to the provisions of Sections 3.01 through
3.07 should be adjudged unreasonable in any proceeding, then the period of time
shall be reduced by such amount or the area shall be reduced by the elimination
of such portion or both such reductions shall be made so that such restrictions
may be enforced for such time and in such area as is adjudged to be reasonable.
The parties agree that the covenants set forth in Sections 3.01 through 3.08 are
separate, independent, and in addition to any such other covenants set forth in
any other agreement or understanding between the parties hereto.

PAYMENT

Section 4.01 – Purchase Price: The aggregate
purchase price to be paid by the Purchaser to the Seller for the Intellectual
Property shall be the sum of the First Payment Amount and the Second Payment
Amount, payable in accordance with Section 4.02 hereof.

Section 4.02 – Delivery of Purchase Price: The Purchase
Price shall be delivered by Purchaser to the Seller as follows: (i) the First
Payment Amount, if any, shall be paid in cash on the first anniversary of the Closing Date (the “First Anniversary Date”);
provided, however, that in lieu of a cash payment, the Purchaser may elect to
pay all or part of the First Payment Amount in shares of its common stock based
on a price per share equal to the closing bid price of the Purchaser’s common
stock on the trading date that immediately precedes the First Anniversary Date;
and (ii) the Second Payment Amount shall be delivered on the second anniversary
of the Closing Date.

4

Section 4.03 – Closing: The closing of the transactions
contemplated by this Agreement (the “Closing”) shall take place at the offices
of 150 Consumers Road, Suite 202, Toronto, ON M2J 1P9, Canada, concurrently with
the execution of this Agreement. For purposes of this Agreement, “Closing Date”
shall mean the date on which the Closing takes place. At the Closing: (i)
Purchaser shall be obligated to deliver the Purchase Price to the Seller in
accordance with the terms and conditions set forth herein; and (ii) Seller and
Purchaser shall execute and deliver to each other an Intellectual Property
Assignment relating to the Intellectual Property in a form reasonably acceptable
to Seller and Purchaser.

Section 4.04 – Post-Closing Appraisal: Within six (6)
months after the Closing Date, Purchaser shall select, in its sole discretion,
an independent appraiser or auditor familiar with technology and software based
intellectual property assets to conduct an evaluation and appraisal of the book
value Intellectual Property as of the Closing Date (the “Closing Date Appraised
Value”).

Section 4.05 – Taxes: The Price includes any and all
taxes due on the sale of the Intellectual Property. Seller shall release,
indemnify and hold Purchaser harmless from any and all taxes payable on (or in
connection with) the Price.

Section 4.06 – Acceleration of Amounts Due Hereunder: If
an Acceleration Event occurs, the amount of the Purchase Price outstanding, if
any, through the date of such event, shall become, at the Seller’s election in
writing to the Purchaser, immediately due and payable; provided, however, that,
the Purchaser may elect to pay all or part of the First Payment Amount
outstanding as of the Acceleration Date in shares of its common stock based on a
price per share equal to the closing bid price of the Purchaser’s common stock
on the trading date that immediately precedes the date of the Acceleration Event
.. For purposes of this Section 4.06, an “Acceleration Event” shall be deemed to
have occurred if (a) the Purchaser commences a case or other proceeding under
any bankruptcy, reorganization, arrangement, adjustment of debt, relief of
debtors, dissolution, insolvency or liquidation or similar law of any
jurisdiction relating to the Purchaser thereof, (b) there is commenced against
the Purchaser any such case or proceeding that is not dismissed within 90 days
after commencement, (c) the Purchaser is adjudicated insolvent or bankrupt or
any order of relief or other order approving any such case or proceeding is
entered, (d) the Purchaser suffers any appointment of any custodian or the like
for it or any substantial part of its property that is not discharged or stayed
within 90 calendar days after such appointment, (e) the Purchaser makes a
general assignment for the benefit of creditors, (f) the Purchaser conveys,
sells or transfers all or substantially all of the Intellectual Property to
another Person (other than (1) any such transaction (x) involving the
conveyance, sale or transfer of all or substantially all of the Intellectual
Property to another Person directly or indirectly controlling or controlled by
or under direct or indirect common control with the Purchaser; (y) involving a
merger or consolidation that does not result in any reclassification,
conversion, exchange or cancellation of outstanding shares of common stock of
the Purchaser and (z) pursuant to which the holders of 50% or more of the total
voting power of all shares of the Purchaser’s capital stock entitled to vote
generally in the election of directors immediately prior to such transaction
have the entitlement to exercise, directly or indirectly, more than 50% of the
total voting power of all shares of capital stock entitled to vote generally in
the election of directors of the continuing or surviving Person or Person
acquiring the Intellectual Property immediately after such transaction; provided, that it shall not be an Acceleration Event if the
consideration for such merger, consolidation or acquisition consists solely of
shares of publicly traded common stock listed on an established national
securities exchange or automated over-the-counter trading market in the United
States or Canada, but disregarding any cash payments for fractional shares or
pursuant to dissenters’ appraisal rights or (2) any transaction which is
effected solely to change the jurisdiction of incorporation of the Purchaser and
results in a reclassification, conversion or exchange of outstanding shares of
Common Stock into solely shares of common stock)

5

WARRANTIES AND INDEMNIFICATIONS

Section 5.01 – Representations: Each Seller, jointly and
severally, hereby represents and warrants to the Purchaser, to the best of its
knowledge, as follows:

     (1)    Seller
represents and warrants that the Software shall perform on the Computer as
described in the Documentation. 

     (2)    Seller
represents and warrants that the Intellectual Property was developed solely and
exclusively by Seller and that Seller has good and marketable title to the
Intellectual Property, free and clear of any encumbrances, and is the sole and
exclusive owner and author of the Intellectual Property. Seller represents and
warrants that assignment, transfer and conveyance of the Intellectual Property
to Purchaser shall not infringe upon or violate any patent, copyright, trade
secret or right of any third party.

     (3)    Seller has
full power and authority to execute and deliver this Agreement and to perform
its obligations hereunder. All action on the part of Seller, necessary for the
authorization, execution and delivery of this Agreement, the performance of all
obligations of the Seller hereunder has been taken. This Agreement, when
executed and delivered by Seller, will constitute a valid and legally binding
obligation of Seller, enforceable against Seller in accordance with its
terms.

     (4)    Neither the
execution and delivery of this Agreement, nor the consummation of the
transactions contemplated hereby, does or will violate any constitution,
statute, regulation, rule, injunction, judgment, order, decree, ruling, charge
or other restriction of any government, governmental agency, or court to which
Seller is subject or any provision of its organizational documents or other
similar governing instruments, or conflict with, violate or constitute a default
under any contract, agreement, license, credit facility, debt or other
instrument or understanding to which Seller is a party. Seller has consulted
such legal, tax and investment advisors as it, in its sole discretion, has
deemed necessary or appropriate in connection with the transactions contemplated
hereby.

     (5)    No
authorization, consent, approval or other order of, or declaration to or filing
with, any governmental agency or body or other person is required for the valid
authorization, execution, delivery and performance by Seller of this Agreement
and the consummation of the transactions contemplated hereby.

     (6)    Except as
set forth on Schedule 5.01(6) hereto, Seller has paid all fees and taxes (to the
extent applicable) required to protect and maintain in full force and effect the
Intellectual Property. Seller has complied in all respects with all license
agreements for third-party Intellectual Property. No claim has been made or
threatened contesting the validity, enforceability, use or ownership of the
Intellectual Property. No person other than the Seller or Purchaser has any
rights in the Intellectual Property. Seller has not received any notices (including any cease-and-desist letters or offers to license)
alleging infringement or misappropriation of the Intellectual Property. No third
party is infringing, misappropriating or otherwise conflicting with the
Intellectual Property and no claim with respect to an alleged infringement or
misappropriation of Intellectual Property is currently pending or threatened. No
person has been granted the right to use or distribute the Intellectual Property
(or any part thereof). In the event any such rights have been granted, Seller
hereby assigns Purchaser all rights of Seller under such grant including
(without limitation) all royalty, audit and termination rights as well as all
breach of contract claims of Seller thereunder.

6

     (7)    No
representation or warranty of the Seller contained in this Agreement and no
statement or disclosure made by or on behalf of any Seller to the Purchaser
pursuant to this Agreement contains any untrue statement of a material fact or
omits to state a material fact necessary to make the statements contained herein
not misleading.

     (8)    Seller is,
and will be at the time of the execution of this Agreement, an “accredited
investor,” as such term is defined in Rule 501 of Regulation D promulgated by
the Commission under the Securities Act of 1933, as amended (the “Act”), is
experienced in investments and business matters, has made investments of a
speculative nature and, with its representatives, has such knowledge and
experience in financial, tax and other business matters as to enable such Seller
to utilize the information available with respect to the Purchaser to evaluate
the merits and risks of and to make an informed investment decision with respect
to the proposed purchase, which represents a speculative investment. The Seller
has the authority and is duly and legally qualified to purchase and own shares
of the Purchaser. The Seller is able to bear the risk of such investment for an
indefinite period and to afford a complete loss thereof.

     (9)    Seller is
acquiring Shares pursuant to the terms of this Agreement for its own account for
investment only and not with a view toward, or for resale in connection with,
the public sale or any distribution thereof.

     (10)  Seller understands and
agrees that the Shares have not been registered under the Act or any applicable
state securities laws, by reason of their issuance in a transaction that does
not require registration under the Act and that such Shares must be held
indefinitely unless a subsequent disposition is registered under the Act or any
applicable state securities laws or is exempt from such registration. 

     (11)  Seller understands and
agrees that the certificate or certificates representing the Shares to be issued
to it pursuant to this Agreement shall bear the following or similar legend:

     “THE ISSUANCE AND SALE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, NOR APPLICABLE STATE SECURITIES LAWS. THE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE
ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL
SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT
REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE
144 OR RULE 144A UNDER SAID ACT.”

     (12)  The offer to acquire
the Shares in exchange for the Intellectual Property was directly communicated
to Seller by the Purchaser. At no time was Seller presented with or solicited by any leaflet, newspaper or magazine article, radio
or television advertisement, or any other form of general advertising or
solicited or invited to attend a promotional meeting otherwise than in
connection and concurrently with such communicated offer.

7

Section 5.02 – Indemnification: Each Seller, jointly and
severally, shall defend, indemnify and hold harmless Purchaser and its
directors, officers, employees, consultants, agents, and subcontractors
(collectively, the “Purchaser Group”) from and against any actions, suits,
proceedings, hearings, investigations, charges, complaints, demands, claims,
injunctions, orders, decrees, damages, dues, penalties, fines, costs, amounts
paid in settlement, liabilities, obligations, taxes, encumbrances, losses,
expenses and fees, including court costs and reasonable attorneys’ fees and
expenses (collectively, “Liabilities”), the Purchaser Group may suffer resulting
from, arising out of, relating to, in the nature of, or caused by (i) the breach
(or alleged breach) by Seller of a representation, warranty or covenant in this
Agreement; (ii) the negligence of Seller; and (iii) or Seller’s use or
distribution of the Intellectual Property, including any alleged or actual
violation of trade secret, proprietary information, trademark, copyright or any
patent rights. If Purchaser’s quiet enjoyment and use of the Software is
disrupted as a result of a third party Liability, Seller shall, upon Purchaser’s
request and direction, perform one or all of the following actions within 45
days of the date such third party’s Liability is discovered by Purchaser:

     (1)  
 Replacement: Replace the Software by implementing on the Computer a
non-infringing software product of equivalent functional and performance
capability of the Software, as described in the Documentation;

     (2)   
Modifications: Modify the Software to avoid the infringement without
eliminating the functional and performance capabilities of the Software as
described in the Documentation;

     (3)    Obtain
License: Obtain a license from the third party claiming infringement for
Purchaser’s use of the Software.

The remedies set forth under this Section 5.02 shall be in
addition to any and all other remedies available under this Agreement in equity
or at law.

Section 5.03 – Assignment: Seller hereby assigns any and
all claims against third parties (known or unknown) for violation of the rights
of Seller in the Intellectual Property preceding the Effective Date including
(without limitation) any and all claims of copyright infringement, trade secret
violations, trademark infringement and all other claims involving the
proprietary rights of Seller in the Intellectual Property.

Section 5.04 – Registration: The Intellectual Property
shall be the sole and exclusive property of Purchaser. Except as provided under
Section 3.06, Purchaser shall have the right to register all copyrights,
patents, trademarks and servicemarks for the Intellectual Property in the name
of Purchaser. Seller shall cooperate with Purchaser to prosecute or maintain all
patent applications, patents, trademark registrations, applications for
registration of trademarks or copyrights and other similar registrations of
rights in the Intellectual Property and shall sign all such documentation as
reasonably required by Purchaser to establish and register ownership of the
Intellectual Property in the name of the Purchaser.

8

MISCELLANEOUS

Section 6.01 – Assignments: This Agreement shall be
binding on and inure to the benefit of the parties hereto and their respective
successors, heirs, personal representatives, and permitted assigns. Any
assignment of this Agreement or the rights hereunder by Seller without the prior
written consent of Purchaser shall be void.

Section 6.02 – Entire Agreement: This Agreement
represents the entire agreement of the parties hereto with respect to the
matters contemplated hereby, and there are no written or oral representations,
warranties, understandings or agreements with respect hereto except as expressly
set forth herein..

Section 6.03 – Equitable Remedies: The parties hereby
acknowledge that damages at law may be an inadequate remedy. Therefore,
Purchaser shall have the right of specific performance, injunction or other
equitable remedy in the event of a breach of this Agreement by Seller.

Section 6.04 – Amendments; Waivers: No provision of this
Agreement may be waived or amended except in a written instrument signed, in the
case of an amendment, by each party or, in the case of a waiver, by the party
against whom enforcement of any such waiver is sought. No action taken pursuant
to this Agreement, including any investigation by or on behalf of any party,
will be deemed to constitute a waiver by the party taking such action, or
compliance with any representation, warranty, covenant or agreement contained
herein. The waiver by any party hereto of a breach of any provision of this
Agreement shall not operate or be construed as a waiver of any subsequent
breach.

Section 6.05 – Severability: If any provision of this
Agreement is held to be invalid or unenforceable in any respect, the validity
and enforceability of the remaining terms and provisions of this Agreement shall
not in any way be affected or impaired hereby and the parties will attempt to
agree upon a valid and enforceable provision that is a reasonable substitute
therefor, and upon so agreeing, shall incorporate such substitute provision in
this Agreement.

Section 6.06 – Captions: The headings and captions of
this Agreement are inserted for reference convenience and do not define, limit
or describe the scope or intent of this Agreement or any particular section,
paragraph, or provision.

Section 6.07 – Counterparts: This Agreement may be
executed via facsimile in one or more counterparts and transmitted via facsimile
or PDF, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. When counterparts of copies have
been executed by all parties, they shall have the same effect as if the
signatures to each counterpart or copy were upon the same document and copies of
such documents shall be deemed valid as originals.

Section 6.08 – Governing Law: This Agreement will be
governed by and construed in accordance with the internal laws of the State of
Nevada without giving effect to any choice or conflict of law provision or rule
(whether of the State of Nevada or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Nevada. Each
of the parties hereto consents to the exclusive jurisdiction and venue of the
state courts located in Clark County, Nevada and the federal courts for the
District of Nevada with respect to all claims under this Agreement.

9

Section 6.09 – Notice: Any and all notices, demands, or
other communications required or desired to be given hereunder by any party
shall be in writing and shall be validly given or made to another party if
personally served, or if deposited in the United States mail, certified or
registered, postage prepaid, return receipt requested. If such notice or demand
is served personally, notice shall be deemed constructively made at the time of
such personal service. If such notice, demand or other communication is given by
mail, such notice shall be conclusively deemed given five days after deposit
thereof in the United States mail addressed to the party to whom such notice,
demand or other communication is to be given as follows:

	If to the Purchaser: 	If to the Seller: 
	  	  
	Mount Knowledge USA, Inc. 	Ucandu Learning Centers Inc. 
	39555 Orchard Hill Place 	150 Consumers Road, 
	Suite 600 PMB 6096 	Suite 202 
	Novi, Michigan 48375, USA 	Toronto, ON M2J 1P9, Canada 
	Tel: (248) 893-4538 	Tel: (416) 858-2618 
	Fax: (888) 682-3038 	Fax: (647) 348-8870 
	Attn: Board of Directors 	Attn: Erwin Sniedzins

Section 6.10 – Pronouns/Gender: Pronouns shall refer to
the masculine, feminine, neuter, singular, or plural as the context shall
require.

Section 6.11 – Relationship of the Parties: It is agreed
that Purchaser and Seller are independent parties. Nothing herein shall be
construed as creating partnership, employment relationship, or agency
relationship between such parties, or as authorizing any party to act as agent
for any other such party. Each such party maintains its separate identity.

Section 6.12 – Arbitration: Any controversy or claim
arising out of or relating to this Agreement, its interpretation or breach
thereof, shall be settled in Clarke County, Nevada in accordance with the rules
of the American Arbitration Association, and the judgment upon award may be
entered in any court having jurisdiction thereof.

Section 6.13 – Assurances: Each party hereby represents
and warrants that all representations, warranties, recitals, statements and
information provided to each other under this Agreement are true, correct, and
accurate as of the date of this Agreement to the best of their knowledge.

Section 6.14 – Litigation Expense: In the event of
litigation or arbitration arising out of this Agreement, each party shall pay
its own costs and expenses of litigation and arbitration (excluding fees and
expenses of arbitrators and administrative fees and expenses of arbitration,
which such fees shall be jointly apportioned among the parties hereto). 

[Signatures follow on next page]

10

     IN WITNESS WHEREOF the
undersigned have executed this Agreement as of Effective Date. The parties
hereto agree that facsimile signatures shall be as effective as if
originals.

	WITNESSES: 	 	SELLER 
	  	 	  
	  	 	  
	  	 	UCANDU LEARNING CETNERS, INC., 
	  	 	an Ontario Canada corporation 
	Print Name: _________________________________	 	  
	  	 	  
	  	 	/s/ Erwin Sniedzins 
	  	 	
	  	 	By: Erwin Sniedzins 
	Print Name: _________________________________	 	Its: President and CEO 
	  	 	  
	  	 	  
	And; 	 	  
	  	 	  
	  	 	  
	WITNESSES: 	 	  
	  	 	  
		 	SELLER 
	  	 	  
		 	  
	Print Name: _________________________________	 	  
	  	 	/s/ Erwin Sniedzins 
	  	 	
	  	 	By: Erwin Sniedzins 
	Print Name: _________________________________	 	Its: Personally and Individually 
	  	 	  
	  	 	  
	  	 	  
	  	 	  
	WITNESSES: 	 	PURCHASER 
	  	 	  
	  	 	  
	  	 	MOUNT KNOWLEDGE HOLDINGS, INC. 
	  	 	A Nevada corporation 
	Print Name: _________________________________	 	  
	  	 	  
	  	 	/s/ Daniel A. Carr 
	  	 	
	  	 	By: Daniel A. Carr 
	Print Name: _________________________________	 	Its: President and CEO 

11

Schedule A

Intellectual Property Description

“Intellectual Property” shall include without limitation the
“Real Time Learning and Self Improvement Educational System and MethodTM, also
referred to as the Real-Time Self Learning SystemsTM” learning and training
method as set forth in the U.S. Provisional Patent Application No. 60/807,028,
initially filed on or about July11, 2006 in the name of Erwin E. Sniedzins, with
an updated Utility Patent Application executed on or about June 27, 2007 as set
forth Utility Patent Application Transmittal, attached hereto as Exhibit A, and
filed on or about July 5, 2007 as set forth in the United States Patent and
Trademark Office confirmation receipt dated July 25, 2007, attached hereto as
Exhibit B, including but not limited to, any and all related computer code,
including any and all software products and services derived from said learning
and training method and related computer code (e.g. Knowledge GeneratorTM,
ExamatarTM, and SyntalityTM learning products and services), existing now or in
the future, along with all trademarks, trade names (e.g. Mount Knowledge,
Knowledge GeneratorTM, KGTM, ExamatarTM, SyntalityTM), technology know-how,
marketing materials, owned jointly and severally by UCANDU Learning Centres,
Inc., corporately and/or Erwin Sniedzins, personally and individually and/or
assigned to or used by Mount Knowledge Inc and/or any other third-party prior to
the execution of this Agreement. 

Schedule 5.01(6)

Upon the execution of this Agreement, Purchaser shall be
responsible for any and all costs associated with completing the provisional
patent filing stated hereinabove and protecting the Intellectual Property
obtained by Purchaser from Seller pursuant to this Agreement.

12

EXHIBIT A

Utility Patent Application Transmittal 
(Utility Patent
Application)

13

EXHIBIT B

United States Patent and Trademark Office 
(Confirmation
Receipt)

14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]