Document:

Exhibit 10.6

 

FORM OF

 

INDEMNIFICATION AGREEMENT

 

AGREEMENT, executed this                    , 2013, between City Ventures, Inc., a Delaware corporation (the “Company”), and [indemnitee] (the “Indemnitee”).

 

WHEREAS, it is essential to the Company to retain and attract the most capable persons available as directors and officers of the Company and its subsidiaries;

 

WHEREAS, Indemnitee is a director or officer of the Company;

 

WHEREAS, in recognition of Indemnitee’s need for substantial protection against personal liability to enhance Indemnitee’s continued service to the Company and its subsidiaries in an effective manner, the increasing difficulty in obtaining satisfactory director and officer liability insurance coverage, and in part to provide Indemnitee with specific contractual assurance that indemnification will be available to Indemnitee (regardless of, among other things, any change in the composition of the Board or acquisition transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the continued coverage of Indemnitee under the Company’s directors’ and officers’ liability insurance policies,

 

NOW, THEREFORE, in consideration of the premises and of Indemnitee continuing to serve the Company and its subsidiaries directly or, at its request, another enterprise, and intending to be legally bound hereby, the parties hereto agree as follows:

 

1.         Certain Definitions.

 

(a)        Affiliate:  as to any person, any other person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified person.  For the purposes of this definition, “control” when used with respect to any person means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

 

(b)        beneficial owner:  as defined in Rules 13d-3 and 13d-5 under Securities Exchange Act of 1934, as amended (the “Exchange Act”), except that a person shall be deemed to have beneficial ownership of all shares that such person has the right to acquire, whether such right is exercisable immediately or only after the passage of time.  The term “beneficially own” shall have a correlative meaning.

 

(c)        Board:  The Board of Directors of the Company.

 

(d)       Change of Control:  the occurrence of any of the following events:

 

 

(i)         the acquisition (including through purchase, reorganization, merger, consolidation or similar transaction), directly or indirectly, in one or more transactions by a “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, of beneficial ownership of more than 50% of the total voting power of the then outstanding Voting Securities, calculated on a fully diluted basis after giving effect to such acquisition;

 

(ii)        during any period of two consecutive years, individuals who at the beginning of such period constituted the Board (together with any new members of the Board whose election by such Board or whose nomination for election by the equityholders of the Company was approved by a vote of the majority of the members of the Board then still in office who were either members of the Board at the beginning of such period or whose election or nomination for election was previously so approved including new members of the Board designated in or provided for in an agreement regarding the merger, consolidation or sale, transfer or other conveyance, of all or substantially all of the assets of the Company, if such agreement was approved by a vote of such majority of members of the Board) cease for any reason to constitute a majority of the Board then in office;

 

(iii)       the adoption by the holders of capital stock of the Company of any plan or proposal for the liquidation or dissolution of the Company; or

 

(iv)       the merger or consolidation of the Company with or into another person or the merger of another person with or into the Company, or the sale of all or substantially all the assets of the Company and its subsidiaries, taken as a whole, to another person (other than to a subsidiary of the Company or to one or more Permitted Holders or any entity controlled by one or more Permitted Holders), in which, in the case of any such merger, consolidation or sale, the securities of the Company that are outstanding immediately prior to such transaction and that represent 100% of the aggregate Voting Securities are changed into or exchanged for cash, securities or property; provided, that no Change of Control shall be deemed to have occurred under this paragraph (iv) if pursuant to such transaction the securities of the Company are changed into or exchanged for, in addition to any other consideration, securities of the surviving person (or its parent entity) that represent immediately after such transaction, (a) at least 30% of the aggregate voting power of the voting securities of the surviving person (or its parent entity) and (b) a greater percentage of the voting securities of the surviving person (or its parent entity) than the percentage of such voting securities beneficially owned by any other person.

 

(e)        Claim:  any threatened, pending or completed action, suit, claim, counterclaim, cross claim, arbitration, mediation other alternative dispute resolution mechanism or other proceeding, or any inquiry, administrative hearing or investigation, or any other actual, threatened or completed proceeding, whether instituted by the Company or any other party, that Indemnitee in good faith believes might lead to the institution of any such action, suit or proceeding, whether civil, criminal, administrative, investigative or other, including any appeal therefrom.

 

(f)        Expenses:  include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts and other professionals, witness fees, travel expenses, duplicating

 

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costs, printing and binding costs, telephone charges, postage, delivery service fees, any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, ERISA excise taxes and penalties, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, any Claim (including on appeal), relating to any Indemnifiable Event.

 

(g)        Indemnifiable Event:  any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or is or was serving at the request of the Company as a director, officer, employee, trustee, agent or fiduciary of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, or by reason of anything done or not done by Indemnitee in any such capacity.

 

(h)        Independent Legal Counsel:  a law firm or a member of a law firm, selected in accordance with the provisions of Section 3, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Legal Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

 

(i)         Permitted Holders:  Craig Atkins, Mark Buckland, CV Holdings 1 LP, CV Holdings 2 LP, Ares Management LLC, Imperial Capital Group, LLC and their respective Affiliates.

 

(j)         Potential Change of Control:  shall be deemed to have occurred if (i) the Company enters into an agreement, the consummation of which would result in the occurrence of a Change of Control; (ii) any person (including the Company) publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change of Control; or (iii) the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change of Control has occurred.

 

(k)        Reviewing Party:  any person or body consisting of a member or members of the Board or any other person or body appointed by the Board who is not a party to the particular Claim for which Indemnitee is seeking indemnification, or Independent Legal Counsel.

 

(l)         Voting Securities:  any securities of the Company, the holders of which vote generally in the election of directors.

 

2.         Basic Indemnification Arrangement.  (a) In the event Indemnitee was, is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable

 

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Event, the Company shall indemnify Indemnitee to the fullest extent permitted by law as soon as practicable but to any event no later than thirty days after written demand is presented to the Company, against any and all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties or amounts paid in settlement) of such Claim.  If so requested by Indemnitee, the Company shall advance to the fullest extent permitted by law (within two business days of such request) any and all Expenses to Indemnitee (an “Expense Advance”) reasonably incurred by Indemnitee by reason of an Indemnifiable Event in advance of the final disposition of a Claim.  Notwithstanding anything in this Agreement to the contrary, subject to Section 5, prior to a Change of Control Indemnitee shall not be entitled to indemnification pursuant to this Agreement in connection with any Claim initiated by Indemnitee unless the Board has authorized or consented to the initiation of such Claim.

 

(b)        Notwithstanding the foregoing, (i) the indemnification obligations of the Company under Section 2(a) shall be subject to the condition that the Reviewing Party shall not have determined (in a written opinion, in any case in which the Independent Legal Counsel referred to in Section 3 hereof is involved) that Indemnitee would not be permitted to be indemnified under applicable law, and (ii) the obligation of the Company to make an Expense Advance pursuant to Section 2(a) shall be subject to the receipt of an undertaking that, if, when and to the extent that, after the final disposition of a Claim, the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all such amounts theretofore paid; provided, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be indemnified under applicable law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed).  If there has not been a Change of Control, the Reviewing Party shall be selected by the Board, and if there has been such a Change of Control (other than a Change of Control which has been approved by a majority of the Board who were directors immediately prior to such Change of Control), the Reviewing Party shall be the Independent Legal Counsel referred to in Section 3 hereof.  If there has been no determination by the Reviewing Party or if the Reviewing Party determines that Indemnitee substantively would not be permitted to be indemnified in whole or in part under applicable law, Indemnitee shall have the right to commence litigation in any court in the State of Delaware having subject matter jurisdiction thereof and in which venue is proper seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding.  Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and Indemnitee.

 

(c)        Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnification payment in connection with any claim made against Indemnitee for (A) an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law, or (B) any

 

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reimbursement of the Company by the Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act).

 

3.         Change of Control.  If there is a Change of Control (other than a Change of Control which has been approved by a majority of the Board who were directors immediately prior to such Change of Control) then with respect to all matters thereafter arising concerning the rights of Indemnitee to indemnity payments and Expense Advances under this Agreement or any other agreement or Company By-Law now or hereafter in effect relating to Claims for Indemnifiable Events, the Company shall seek legal advice only from Independent Legal Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld).  Such counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent the Indemnitee would be permitted to be indemnified under applicable law.  The Company agrees to pay the reasonable fees of the Independent Legal Counsel referred to above and to indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

4.         Establishment of Trust.  In the event of a Potential Change of Control, the Company shall, upon written request by Indemnitee, create a trust for the benefit of Indemnitee and from time to time upon written request of Indemnitee shall fund such trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for and defending any Claim relating to an Indemnifiable Event, and any and all judgments, fines, penalties and settlement amounts of any and all Claims relating to an Indemnifiable Event from time to time actually paid or claimed, reasonably anticipated or proposed to be paid, provided that in no event shall more than $250,000 be required to be deposited in any trust created hereunder (and no more than $1,000,000 in the aggregate with respect to any such trusts created under this Agreement and all Indemnification Agreements with directors and officers) in excess of amounts deposited in respect of reasonably anticipated Expenses.  The amount or amounts to be deposited in the trust pursuant to the foregoing funding obligation shall be determined by the Reviewing Party, in any case in which the Independent Legal Counsel referred to above is involved.  The terms of the trust shall provide that upon a Change of Control (i) the trust shall not be revoked or the principal thereof invaded, without the written consent of the Indemnitee, (ii) the trustee shall advance, within two business days of a request by the Indemnitee, any and all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the trust under the circumstances under which the Indemnitee would be required to reimburse the Company under Section 2(b) of this Agreement), (iii) the trust shall continue to be funded by the Company in accordance with the funding obligation set forth above, (iv) the trustee shall promptly pay to Indemnitee all amounts for which Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in such trust shall revert to the Company upon a final determination by the Reviewing Party or a court of competent jurisdiction, as the case may be, that Indemnitee has been fully indemnified under the terms of this Agreement.  The trustee shall

 

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be chosen by Indemnitee.  Nothing in this Section 4 shall relieve the Company of any of its obligations under this Agreement.

 

5.         Indemnification for Additional Expenses.  To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee against any and all expenses (including reasonable attorneys’ fees and retainers) and, if requested by Indemnitee, shall (within two business days of such request) advance such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this Agreement or any other agreement or Company By-Law now or hereafter in effect relating to Claims for Indemnifiable Events and/or (ii) recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advance expense payment or insurance recovery, as the case may be.

 

6.         Partial Indemnity, Etc.  If Indemnitee is entitled under any provision of this Agreement to Indemnification by the Company for some or a portion of the Expenses, judgments, fines, penalties and amounts paid in settlement of a Claim but not, however, for all of the total amount thereof, the Company shall, to the fullest extent permitted by applicable law, nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.  Moreover, notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses incurred in connection therewith, to the fullest extent permitted by applicable law.

 

7.         Contribution.

 

(a)        Contribution Payment.  To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties or amounts paid in settlement) of a Claim by reason of (or arising in part out of) an Indemnifiable Event incurred or paid by Indemnitee for which such Indemnification is not permitted.  The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the “Third Parties”), on the other hand.

 

(b)        Relative Fault.  The relative fault of the Third Parties and the Indemnitee shall be determined (i) by reference to the relative fault of Indemnitee as determined by the court or other governmental agency or (ii) to the extent such court or other governmental agency does not apportion relative fault, by the Reviewing Party after giving effect to, among other things, the relative intent, knowledge, access to information, and opportunity to prevent or correct the relevant events, of each party, and other relevant equitable considerations.  The Company and Indemnitee agree that it would not be just and equitable if contribution were determined by pro

 

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rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in this Section 7(b).

 

8.         Burden of Proof.  In connection with any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified or to contribution hereunder the burden of proof shall be on the Company to establish that Indemnitee is not so entitled.

 

9.         No Presumptions.  For purposes of this Agreement, the termination or conclusion of any claim, action, suit or proceeding, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.  In addition, neither the failure of the Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a judicial determination that Indemnitee should be indemnified under applicable law shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did not have any particular belief.

 

10.       Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the Company’s certificate of incorporation or by-laws or the General Corporation Law of the State of Delaware or otherwise.  To the extent that a change in the General Corporation Law of the State of Delaware (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Company’s certificate of incorporation or by-laws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.

 

11.       Liability Insurance.  To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer.

 

12.       Period of Limitations.  No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of the occurrence of the events leading to such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, that if any shorter period of limitations is otherwise applicable to any such cause of action such shorter period shall govern.

 

13.       Amendments, Etc.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto.  No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

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14.       Subrogation.  In the event of payment under this Agreement, the Company shall, to the fullest extent permitted by law, be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be reasonably necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights.

 

15.       No Duplication of Payments.  The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, By-Law or otherwise) of the amounts otherwise indemnifiable hereunder.

 

16.       Binding Effect, Etc. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company, spouses, heirs, executors and personal and legal representatives.  This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an officer or director of the Company or of any other enterprise at the Company’s request.

 

17.       Severability.  The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable in any respect, and the validity and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired and shall remain enforceable to the fullest extent permitted by law.

 

18.       Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws.

 

19.       Notice by Indemnitee.  Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Claim or matter which may be subject to indemnification or advancement of Expenses covered hereunder.  The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to the Indemnitee under this Agreement or otherwise.

 

20.       Notices.   All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or (d) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received:

 

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(a)        If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide to the Company.

 

(b)        If to the Company to:

 

City Ventures, Inc.

1900 Quail Street

Newport Beach, CA 92660

Attn: Scott Homan

Facsimile: (949) 200-8070

 

with a copy to:

 

Proskauer Rose LLP

2049 Century Park East, 32nd Floor

Los Angeles, CA 90067

Attention: Philippa M. Bond, Esq.

Facsimile: (310) 557-2193

 

or to any other address as may have been furnished to Indemnitee by the Company.

 

21.       Duration of Agreement.  This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve [as a [director] [officer] [employee] [agent] of the Company] [,at the request of the Company, as a [director] [officer] [employee] [agent] [fiduciary] of [another corporation, partnership, joint venture, trust or other enterprise] or (b) one (1) year after the final termination of any Claim then pending in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee to enforce Indemnittee’s rights hereunder.

 

22.       Identical Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.  Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

 

23.       Miscellaneous.    Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.  The headings of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.

 

[Signature Pages Follow]

 

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

 

 

 

	
 
    	
CITY VENTURES, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    
	
 
    	
Its:
    

 

 

	
 
    	
INDEMNITEE
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[indemnitee]AGREEMENT OF SHARE EXCHANGE

THIS AGREEMENT OF EXCHANGE,

dated this 21st day of October 2010, by and between:

House of BODS Fitness, Inc., a Delaware Corporation

(herein referenced to as "HOB" or "Purchaser"), with its principle office at

1601 South Sun Drive, Suite #1097, Lake Mary, FL 32746

and

BODS... TRANSCENDING COMPANY, a Florida Corporation

(herein referred to as "BODT" or "Seller"), with principle offices at

1601 South Sun Drive, Suite #1097, Lake Mary, FL 32746

and

Tammy Skalko ("Shareholder"),

owner of all the issued and outstanding Shares of the Seller

with principle offices at 1601 South Sun Drive, Suite #1097, Lake Mary, FL 32746

WITNESSETH:

               WHEREAS, Purchaser has expressed an
interest in the purchase and the acquisition all of the issued and outstanding Shares of Seller; and

               WHEREAS, Seller and Shareholder, have
agreed to sell and exchange on the terms and the conditions and in the manner reflected herein, (100%) of the authorized,
issued and outstanding Shares of Seller; and

               WHEREAS, Seller and Shareholder, warrant
that they own 100% of the issued and outstanding Shares of the Seller; and

               WHEREAS, Purchaser, Shareholder and
Seller have each assumed the information provided by the other is true and correct in all material respects and the Parties
hereto have reached the terms as set forth herein for the acquisition of Seller's Shares based upon this information.

               NOW, THEREFORE, in consideration of the premises and covenants and agreements contained herein, the Purchaser, and Seller agree
to give and to grant Purchaser a 30 day right, or such shorter time agreed to by Purchaser and Seller, to purchase its Shares under the terms and
conditions set forth hereafter.

ARTICLE I
DEFINITIONS

1.1 General Construction: For purposes hereof, except as otherwise expressly provided:

               1.1.1 This Definitive Agreement ("Agreement")
shall at all times from the date of its execution be a binding obligation of the parties hereto, and each shall be, fully bound by all the terms and
conditions and shall be liable for any breach thereof. Purchaser further covenants and agrees not to disclose, without the consent of Seller to competitors
any confidential information gained as a result of its due diligence of Seller's business.

               1.1.2 Defined terms include the plural as well
as the singular;

               1.1.3 All accounting terms not otherwise defined
have the meanings assigned under generally accepted accounting principles;

               1.1.4 All references to Exhibits are to all
the Exhibits attached to this Agreement; and

               1.1.5 Pronouns of either gender or neuter
shall include, as appropriate, the other pronoun forms.

1.2 Definitions: As used in this Agreement,
the following terms shall have the following definitions.

               1.2.1 Affiliate: When used with respect to
a person, an "affiliate" of that person is a person controlling, controlled by, or under common control with that person.

               1.2.2 Agreement: This Agreement, including
all of its Exhibits and all other documents specifically referred to in this Agreement that have been or are to be delivered by a party to this Agreement
to another such party in connection with this Transaction and this Agreement and including all duly adopted amendments, modifications, and supplements
to or for this Agreement, Exhibits and other documents.

               1.2.3 Business Day: A day other than a Saturday,
Sunday or statutory holiday in the State of Florida or the United States of America.

               1.2.4 Closing: As defined in Article VIII.

               1.2.5 Closing Date: As defined in Section 8.1.

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               1.2.6 Consents: The consents of third
parties, including but not limited to any regulatory or governmental authority as shall be necessary to give effect to the terms of this Agreement.

               1.2.7 Contracts: All of the material
commitments, agreements, contracts, instruments, leases and other documents entered into by the Seller, by which the Seller is bound or to which the Seller
or the Assets are subject all as more particularly described in Exhibit "B" hereto.

               1.2.8 Entity: A corporation, partnership,
sole proprietorship, joint venture, limited liability company, limited liability limited partnership, or other form of organization formed for the conduct
of a business, whether active or passive.

               1.2.9 Execution Date: The date of signing
of this Agreement which is the reference date of this Agreement set forth on the face page hereof.

               1.2.10 Indebtedness: Any and all advances,
debts, duties, endorsements, guarantees, liabilities and obligations of the Seller, including all Accounts Payable and any responsibilities and undertakings
of a person assumed, created, incurred or made, whether voluntary or involuntary, however arising, whether due or not due, absolute, inchoate or contingent,
liquidated or unliquidated, determined or undetermined, direct or indirect, express or implied, and whether such persons may be liable individually or
jointly with others.

               1.2.11 Inventories: The stock of goods
held, if any, by the Seller from time to time in the ordinary course of the business of the Seller, in the form in which such inventories then are held or
after incorporating with other goods or items, or the like.

               1.2.12 Leases: Any lease agreements
entered into and held by the Seller including those under negotiation by the Seller at the date of this Agreement.

               1.2.13 Liabilities: At any point in time
(the "Determination Time"), the obligations of a person or entity, whether known or unknown, contingent or absolute, recorded on its books or notes, arising
or resulting in any way from facts, events, agreements, obligations or occurrences that existed or transpired at a prior point in time, or resulted from the
passage of time to the Determination Time, but not including obligations accruing or payable after the Determination Time to the extent (but only to the
extent) that such obligations (1) arise under previously existing agreements for services, benefits, or other considerations, and (2) accrue or become
payable with respect to services, benefits, or other considerations received by the person or entity after the Determination Time.

               1.2.14 Lien: Any mortgage, debenture,
charge, hypothecation, pledge, lien, or other security interest or encumbrance of whatever kind or nature, regardless of form and whether consensual or
arising by laws, statutory or otherwise that secures the payment of any indebtedness or the performance of any obligation or creates in favor of or grants
to any person any proprietary right.

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               1.2.15 Permits: Any permits, licenses,
orders, approvals, franchises, registrations, authorizations or other approvals from any federal, state, and local or regulatory body or authority
(public or self-regulatory).

               1.2.16 Purchaser: Means House of BODS
Fitness, Inc., a company duly incorporated and existing under the laws of the State of Delaware, USA.

               1.2.17 Purchaser's Financing: The
Purchaser's public or private offering of debt or equity instruments.

               1.2.18 Purchaser's Shares: The number
of Shares of Seller, which are to be delivered by Seller as consideration for the Seller's Assets and Debt assumption.

               1.2.19 Section 280G: No payment received
by any person as a result of the transaction contemplated hereby, shall constitute an "excessive parachute payment" within the meaning of Section 280G of
the Internal Revenue Code of 1986, as amended (the "Code").

               1.2.20 Seller: Means BODS... TRANSCENDING
COMPANY, a company duly organized and existing under the laws of the State of Florida, USA.

               1.2.21 Seller's Financial Statements:
Unaudited Balance Sheet as of fiscal year December 31, 2009 and 2008, referenced as Exhibit "A".

               1.2.22 Shareholder: Means Tammy Skalko,
the sole shareholder of the Seller.

               1.2.23 Subsidiary: A corporation with
respect to which another entity owns, directly or indirectly, shares entitling it to elect a majority of the Board of Directors, in which it has a majority
of the equity interest.

               1.2.24 Transaction: The purchase of all
(100%), but not less than all, of the authorized and issued and outstanding no par value shares of Capital Stock of BODT, the Seller, by the Purchaser
from the Shareholder, Tammy Skalko, as provided in Article II of this Agreement.

ARTICLE II
THE TRANSACTION

Subject to the terms, conditions, provisions and limitations contained in this Agreement, the Purchaser, the Seller, and the Shareholder
in reliance upon the mutual representations and warranties of each made herein and in the Exhibits attached hereto, will, at the Closing, exchange
Shareholder's interest in the Seller free and clear of any and all liens, charges or other encumbrance, consisting of one-hundred (100) Shares of the
Seller and comprising all (100%) of the issued and outstanding Shares (Ownership Interests) of the Seller and representing Shareholder's entire ownership
of equity of the Seller for 14,650,000 shares of $.0001 par value Common Stock of Purchaser, free and clear of any and all liens, charges or other
encumbrances. Any corporate actions necessary to accomplish the exchange shall be accomplished by the appropriate party prior to Closing.

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2.1 EXCHANGE OF THE SHARES: Subject to the terms, conditions, provisions and limitations contained in this Agreement,
Purchaser in reliance upon the representations and warranties of Seller and its Shareholder made herein and the Exhibits attached hereto agrees as follows:

               2.1.1 At Closing, the Purchaser will have
a total of 100,000,000 shares that have been authorized but not issued.

               2.1.2 At Closing, Purchaser will issue
14,650,000 shares of its $.0001 par value Common Stock for all, and not less than one hundred percent (100%) of the Seller's authorized, issued and
outstanding $.0001 par value Common Stock.

2.2 MECHANICS OF THE EXCHANGE:

               2.2.1 Exchange Agent. As of the Closing
Date, Purchaser shall deposit with a third party agent agreed to mutually by both parties (the "Exchange Agent"), for the benefit of the Shareholder, for
exchange in accordance with this Article II, through the Exchange Agent, certificates representing the shares of the Purchaser's Common Stock and issuable
pursuant to Section 2.1. hereof in exchange for the one-hundred (100) Shares of the Seller.

               2.2.2 Exchange Procedures; Transfer of
Shares. As soon as reasonably practicable after the Closing Date, the Exchange Agent shall mail to each holder of record of a certificate or
certificates which immediately prior to the Closing Date represented all of the issued and outstanding Shares of the Seller (the "Certificates") whose
Shares will be converted into the right to receive shares of Purchaser's Common Stock pursuant to Section 2.1 hereof (i) a letter of transmittal (which
shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon delivery of the Certificates to the
Exchange Agent and shall be in such form and have such other provisions as Purchaser may reasonably specify and (ii) instructions for use in effecting
the surrender of the Certificates in exchange for certificates representing shares of Purchaser's $.0001 par value Common Stock. Upon surrender of the
Certificates for cancellation to the Exchange Agent or to such other agent or agents as may be appointed by Purchaser, together with documents as may
reasonably be required by the Exchange Agent, the holder of such Certificates shall be entitled to receive in exchange therefor a certificate representing
that whole number of shares, which such holder has the right to receive pursuant to the provisions of this Article II and the Certificates so surrendered
shall forthwith be canceled. In the event of a transfer of ownership of the Seller's Shares, which are not registered in the transfer records of the Seller,
certificates representing the proper number of shares of Purchaser, may be issued to a person other than the person in whose name the Certificates so
surrendered is registered, if such Certificates shall be properly endorsed or otherwise be in proper form for transfer and the person requesting such
payment shall pay any transfer or the taxes required by reason of the issuance of shares of Purchaser's Common Stock to a person other than the registered
holder of such Certificates or establish to the satisfaction of Purchaser that such tax has been paid or is not applicable. Until surrendered as
contemplated by this Section 2.2.2 each Certificate shall be deemed at any time after the Closing Date to represent only the right to receive upon such
surrender the Exchange Consideration as contemplated by this Section 2.2.2.

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               2.2.3 No Further Ownership Rights in the
Seller's Shares; No Transfer Following the Closing Date. All shares of Purchaser's Common Stock issued upon the surrender for exchange of Certificates
in accordance with the terms of this Article II shall be deemed to have been issued (and paid) in full satisfaction of all rights pertaining to the Shares
of the Seller's Shareholder theretofore represented by such Certificate, and there shall be no further registration of transfers on the Shares transfer
books of the Seller with respect to Shares outstanding prior to the Closing Date. If, after the Closing Date, Certificates are presented to the Seller or
the Exchange Agent for any reason, they shall be canceled and exchanged as provided in this Article II, except as otherwise provided by law.

               2.2.4 No Liability. Neither the Seller,
Purchaser nor the Exchange Agent shall be liable to any person in respect of any shares of Purchaser's Common Stock delivered to a public official pursuant
to any applicable abandoned property, escheat or similar law. If any Certificates shall not have been surrendered prior to seven years after the Closing
Date, or immediately prior to such earlier date on which any shares of Purchaser's Common Stock, or any dividends or distributions with respect to
Purchaser's Common Stock in respect of such Certificate would otherwise escheat to or become the property of any Governmental Entity, any such shares,
cash, dividends or distributions in respect of such Certificate shall, to the extent permitted by applicable law, become the property of the Sellers free
and clear of all claims or interest of any person previously entitled thereto.

ARTICLE III
REPRESENTATIONS AND WARRANTIES

OF THE SHAREHOLDER AND THE SELLER

The Shareholder, and the Seller, jointly and severally, make the following representations and warranties to the Purchaser, each of which
shall be deemed material, and all of which are qualified with respect to the effect, if any, that any potential claims by the Seller or any of their
controlling persons or Shareholder has or may have relating to this Agreement and/or former relationships of Shareholder with the Seller, which matters have
been discussed by the parties in detail prior to the execution of this Agreement:

3.1 VALID ENTITY EXISTENCE; QUALIFICATION: Seller is a corporation duly organized, validly existing and in good standing
under the laws of the State of Florida. Seller has the necessary power and authority to carry on its business as now being conducted. The Seller is duly
qualified as a corporation to do business, and is in good standing in each jurisdiction where the character of the properties are owned or leased by it.
A copy of the Seller's Articles of Corporation and Certificate of Good Standing and Bylaws and minute books (certified by the Seller's Secretary or
authorized party), as amended to date, which will be delivered to the Purchaser at or prior to the Closing, are true and complete copies of those documents
as now in effect. The minute books of the Seller contain accurate records of all meetings of its Board of Directors and Stockholders since the incorporation
and accurately reflect all transactions referred to therein.

3.2 CAPITALIZATION: The authorized capital of the Seller consists of one hundred Shares. There is no other capital authorized
for issuance. As of the date hereof, there is one-hundred

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Shares validly issued and outstanding, fully paid and non-assessable and no Shares are reserved for issuance nor are there outstanding
any options, warrants, convertible instruments or other rights, agreements or commitments to acquire Common Stock of the Seller. The Shares are currently
held by one Shareholder (free and clear of all liens and encumbrances) as follows:

                              
Tammy Skalko                              
100 Shares

3.3 AUTHORITY; BINDING NATURE OF AGREEMENT: The Seller has the power to enter into this Agreement and to carry out its
obligations hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized
by the Shareholder of the Seller and no other entity or organization proceedings on the part of the Seller and Shareholder are necessary to authorize the
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby. This Agreement constitutes the valid and binding
obligation of the Seller and Shareholder and is enforceable in accordance with their terms.

3.4 CONSENTS: There are no consents, other than routine assignments, of governmental and other regulatory agencies, foreign
or domestic, and of other third parties required to be received by or on the part of the Shareholder of the Seller, to enable it to enter into and carry
out this Agreement in all material respects.

3.5 FINANCIAL STATEMENTS: The Seller, prior to the Closing Date, will deliver to the Purchaser, the Unaudited Balance
Sheet of the Seller or financial statements suitable to the Purchaser. All of the historical financial statements contained in such documents will have
been prepared from the books and records of the Seller. Without limiting the foregoing, at the date of the Seller's Balance Sheet, the Seller will have
owned each of the assets included in preparation of the Seller's Balance Sheet, and for the valuation of such assets in the Seller's Balance Sheet, will
not be for more than their fair saleable value (on an item by item basis) at that date; and the Seller will have no Liabilities other than those included
in the Seller's Balance Sheet, nor any Liabilities in amounts in excess of the amounts included for them in the Seller's Balance Sheet. From the date hereof, through the Closing Date, the Seller will continue to prepare financial statements on the same basis that it has done so in the past, will promptly deliver the same to the Purchaser, and agrees that from and after such delivery, the foregoing representations will be applicable to each financial statement so prepared and delivered. The Unaudited Balance Sheet will be prepared by the Company, whose report thereon is included herein and referenced as Exhibit "A".

3.6 NO UNDISCLOSED LIABILITIES: Except as set forth in the Seller's Balance Sheet included in the Unaudited Balance Sheet as
Exhibit "A", the Seller has no material debts, liabilities or obligations, known or unknown, contingent or absolute, in excess of $2,500, except those
arising in the usual and ordinary course of business of the Seller and consistent with past practice.

3.7 ACTIONS SINCE THE SELLER'S BALANCE SHEET: Except as set forth and reflected in this Agreement, since the date of the
Seller's Balance Sheet, the Seller has not:

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               3.7.1 incurred any material obligation or
liability, known or unknown, absolute, fixed or contingent, choate or inchoate, liquidated or unliquidated except those in the ordinary and usual
course of its business and those incurred in connection with the transactions contemplated by this Agreement;

               3.7.2 issued or sold, or agreed to issue
or sell any capital Shares of the Seller or any securities convertible into or rights to acquire any such capital or any dividend or distribution
declared, set aside or paid on any such capital;

               3.7.3 discharged or satisfied any lien
or encumbrance, except in the ordinary and usual course of business, or paid or satisfied any liability, absolute or contingent, other than as set
forth in the Seller's Balance Sheet in the ordinary and usual course of business and those incurred in connection with the transactions contemplated
by this Agreement;

               3.7.4 made any wage or salary increases
or granted any bonuses other than wage and salary increases and bonuses granted in accordance with their normal salary increase and bonus policies;

               3.7.5 mortgage, pledged or subjected to any
lien, pledge, charge or other encumbrance any of their properties or assets, or permitted any of their property or assets to be subject to any lien or
other encumbrance, except in the ordinary and usual course of business;

               3.7.6 sold, assigned or transferred any of
their properties or assets, except in the ordinary and usual course of business;

               3.7.7 entered into any transaction or course
of conduct not in the ordinary and usual course of business;

               3.7.8 waived any rights of substantial value,
or canceled, modified or waived any indebtedness for borrowed money held by them, except in the ordinary and usual course of business;

               3.7.9 made any loans or advances to any
person or assumed, guaranteed, endorsed or otherwise became responsible for the obligations of any person; or

               3.7.10 incurred any indebtedness for
borrowed money (except for endorsement, for collection or deposit of negotiable instruments received in the ordinary and usual course of business).

3.8  NO ADVERSE DEVELOPMENTS: Since the date of the Seller's Balance Sheet, there has not been:

               3.8.1 any material adverse changes in the
assets, properties, operations, financial condition or prospects of the Seller;

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               3.8.2 any damage, destruction or loss,
whether covered by insurance or not, having a material adverse effect on the business, operations, financial condition or prospects of the Seller;

               3.8.3 any entry into or termination of any
material commitment, contract, agreement or transaction affecting the Seller, including, without limitation, any material borrowing or capital
expenditure or sale or other disposition of any material asset or assets, other than this Agreement and agreements executed in the ordinary and
usual course of business;

               3.8.4 any transfer of or right granted
under any material lease, license, agreement, patent, trademark, trade name or copyright;

               3.8.5 default or breach by the Seller in
any material respect under any contract, leases, real estate, or construction of buildings.;

               3.8.6 any event other than in the ordinary
and usual course of business which could be reasonably expected to have a material adverse effect upon the business of the Seller, and after reasonable
inquiry by the Shareholder and the Seller, they know of no development or threatened development of a nature that is, or which could be reasonably
expected to have a materially adverse effect upon the business of the Seller or upon any of their assets, properties, operations or financial conditions.

3.9 TAXES: All tax returns of Seller, which are due have been duly filed or are under extensions and are correct and all
taxes, assessments and other governmental charges upon the Seller, which are shown to be due and payable thereon have been paid. All tax returns of the
Seller, which become due prior to the Closing shall be timely filed by the Seller. The Seller does not know of any ongoing tax audit, proposed tax
deficiency, assessment, charge or levy against it, the payment of which is not adequately provided for on the books of the Seller. The Seller will
provide to the Purchaser prior to the Closing a true and correct copy of their tax returns for the prior two years, any returns filed subsequent to
the date hereof, except for the taxes that are due for the year ended 2010.

3.10 OWNERSHIP OF ASSETS: The Seller owns outright or has contractual rights to not less than a one-hundred percent (100%)
interest in all of its assets. The Seller has good, marketable and insurable title to all of its assets and properties reflected in the Seller's Balance
Sheet subject to any liens, mortgages, pledges, conditional sales agreements, real and personal property, as set forth in Seller's Balance Sheet as of
December 31, 2009. Neither the Shareholder nor the Seller know of any potential action by any party, governmental or other and no proceedings with respect
thereto have been instituted of which the Seller has notice that would materially affect the Seller's ability to use and to utilize each of such assets in
its ordinary course of business. All properties and other assets owned by the Seller or used by the Seller in the conduct of its business are in good
operating condition and repair (ordinary wear and tear excepted), are suitable for the conduct of its business as presently conducted, have been properly
maintained, and do not require any maintenance or repairs except for routine maintenance and repairs that are not material in nature or in cost.

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3.11 LITIGATION, COMPLIANCE WITH LAW: There are no pending or threatened actions, suits, proceedings or governmental
investigations or reviews relating to the Seller or any of its properties, assets or business or, to the knowledge of the Shareholder or the Seller,
any order, injunction, award or decree outstanding, against the Seller or against or relating to any of its properties, assets or business; and the
Shareholder and the Seller, after reasonable inquiry, knows of any basis for any such action, suits or proceedings or any such governmental
investigations, reviews, orders, injunctions or decrees. To the knowledge of the Shareholder and the Seller, the Seller is not in violation of
any material law, regulation, ordinance, order, injunction, decree, award, or other requirement of any governmental body, court or arbitrator
relating to their properties, assets or business.

However, in 2009, there was an incident whereby a non-club member allegedly experienced an injury while using the Seller's equipment.
The matter was referred to the Seller's insurance company and, to the knowledge of the Seller, is being resolved through them.

3.12 COMPLIANCE WITH INSTRUMENTS; ETC: The Seller is not:

               3.12.1 in default under any indenture,
agreement or instrument to which it is a party or by which it is bound; or

               3.12.2 in violation of its Articles of
Incorporation, Bylaws or of any applicable law.

3.13 INVENTORIES: All Inventories of the Seller, if any, whether or not as usually reflected in the Seller's Balance
Sheet are of a quality and quantity usable and salable in the ordinary course of business, except for obsolete items and items of below standard quality,
all of which in the aggregate are immaterial in amount. Items included in such Inventories are carried on the books of the Seller, and are valued on the
Seller's Balance Sheet, at the lower of cost or market and, in any event, are not greater than their net realizable value, on an item-by-item basis, after
appropriate deductions for cost of completion, marketing costs, transportation expense and allocation of overhead.

3.14 TRADE NAMES, TRADEMARKS, COPYRIGHTS AND DOMAIN NAMES: All trade names, registered or common law trademarks, trademark
applications, copyrights and domain names owned by or licensed to the Seller are listed in the Schedule of Trademarks, Copyrights and Domain Names attached
hereto as Exhibit "F" and have been duly registered in, filed in or issued by the United States Patent and Trademark Office, the United States Registry of
Copyrights or the corresponding offices of other jurisdictions to the extent set forth on said Exhibit "F" and have been properly maintained and renewed
in accordance with all applicable provisions of law and administrative regulations of the United States and each such state or other jurisdiction. Except
as set forth in said Exhibit F, use of said trade names, trademarks, copyrights or domain names does not require the consent of any third party and the
same are freely transferable and are owned exclusively by the Seller free and clear of any attachments, liens, encumbrances or any adverse claims. No
outstanding order, decree, judgment or stipulation and no proceeding charging the Seller with infringement of any adversely held trade name, trademark,
copyright or domain name has been filed or, to the best of Seller's knowledge, is threatened to be filed. The Seller has the right to use, free and clear
of any claims or rights of any

10

third party, all trade secrets, know-how and any other confidential information required for or used in the marketing of all products,
including, without limitations, any products licensed by the Seller from others.

3.15 REAL PROPERTY: The Seller does not lease any real property.

3.16 INTEREST IN COMPETITOR, SUPPLIERS OR CUSTOMERS: The Shareholder of the Seller or, to the best of its knowledge, members
of their immediate families, does not own an interest in any person or firm which is a competitor, supplier, or customer of, or to the Seller or, has
an existing contractual relationship with the Seller.

3.17 ACCOUNTS PAYABLE: The accounts payable reflected on the Seller's Balance Sheet and those reflected on the books of the
Seller at the time of the Closing, reflect all amounts owed by the Seller in respect of trade accounts due and other payables of the Seller, and the
actual Liability of the Seller in respect of such obligations are not and will not be, on any of such dates, in excess of the amounts other than those
payables incurred during the normal course of operations, as reflected on the balance sheets or the books of the Seller, as the case may be.

3.18 EMPLOYEES: To their best knowledge, the Seller has complied with all laws, regulations and orders relating to the
employees of its business. The Seller does not maintain or make any employer contributions under any bonus, profit sharing compensation, or other
plans, agreements, trusts, funds, or arrangements for the benefit of Directors, Members, officers or employees of, or whose principal responsibilities
relate to, the Seller, and there are no employment, consulting, severance, or indemnification arrangements, agreements, or understandings between the
Seller and any current or former Directors, Members, officers or other employees (or Affiliates thereof) of, or whose principal responsibilities relate
to, the Seller. Exhibit "C" identifies all present employees of the Sellers and their respective salaries. The Seller is not, and following the Closing
will not be, bound by any express or implied contract or agreement to employ, directly or as a consultant or otherwise, any person for any specific
period of time, except as set forth pursuant to the provisions hereof.

3.19 AGREEMENTS AND OBLIGATIONS; PERFORMANCE: Exhibit "B" sets forth a list of material agreements to which the Seller is
a party or are otherwise bound. Other than these material agreements, the Seller is not party to or bound by any:

               3.19.1 written or oral agreement or other
contractual commitment, understanding or obligation which involves aggregate payments or receipts in excess of $2,500 that cannot be cancelled on 30
days or less notice without penalty or premium or any continuing obligation or liability;

               3.19.2 contractual obligation or contractual
liability of any kind to the Shareholder or Seller which will not be cancelled on or prior to the Closing except as otherwise provided by this Agreement;

               3.19.3 contract, arrangement, commitment or
understanding with its customers or any officer, employee, stockholder, director, representative or agent thereof for the repurchase of

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products, sharing of fees, the rebating of charges to such customers, bribes, kickbacks from such customers or other similar
arrangements;

               3.19.4 contract for the purchase or sale of
any leases, real and personal property, materials, products or supplies or for any services, which commits or will commit it for a fixed term other than
those contracts attached as Exhibits or set forth in the Seller's Balance Sheet;

               3.19.5 contract of employment with any
employee not terminable at will without penalty or premium or any continuing obligation or liability, except as otherwise provided by this Agreement;

               3.19.6 deferred compensation, bonus or
incentive plan or agreement not cancelled at will without penalty or premium or any continuing obligation or liability which will not be cancelled
on or prior to the Closing;

               3.19.7 management or consulting agreement
not terminable at will without penalty or premium or any continuing obligation or liability which the Seller and each such individual agree to cancel
on the Closing Date;

               3.19.8 lease for real or personal property,
equipment, (including borrowings thereon) license or royalty agreements;

               3.19.9 agreement, commitment or understanding
relating to indebtedness for borrowed money;

               3.19.10 contract which, by its terms, requires
the consent of any party thereto, to the consummation of the transactions contemplated hereby;

               3.19.11 contract containing covenants limiting
the freedom of the Seller to engage or compete in any line or business or with any person in any geographical area;

               3.19.12 contract or option relating to the
acquisition or sale of any business;

               3.19.13 option for the purchase of any asset,
tangible or intangible; or

               3.19.14 other contract, agreement, commitment
or understanding which materially affects any of its properties, assets or business, whether directly or indirectly, or which was entered into other
than in the ordinary and usual course of business. The Seller has in all material respects performed all material obligations required to be performed
by it to date under all agreements to which it is a party and are not in default in any material respect under any of its agreements and have received
no notice of any default or alleged default which have not heretofore been cured or which notice has not heretofore been withdrawn.

3.20 SUBSIDIARIES: The Seller shall identify any and all subsidiaries, in which the Seller has an ownership either
directly or indirectly an equity interest in any other business or entity which deals in or relates to the Seller's industry and related business.
The Seller shall transfer to the

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Purchaser all of their right, title and interest in and to any such entity without any further consideration payable to them by
the Purchaser and shall execute such documents as are necessary to effectuate this purchase.

3.21 NO BREACH: Neither the execution and delivery of this Agreement nor compliance by the Shareholder and the Seller
with any of the provisions hereof nor the consummation of the transactions contemplated hereby, will:

               3.21.1 violate, alone or with notice
over the passage of time, result in the material breach or termination of, or otherwise give any contracting party the right to terminate, or
declare a default under, the terms of any material agreement or other material document or undertaking, oral or written to which the Seller is
a part or by which its properties or assets may be bound;

               3.21.2 result in the imposition of any
lien, mortgage, security interest, pledge, encumbrance, claim or other restriction or charge on any of the assets of the Seller, and will not alter
or impair any of the assets of the Seller nor the Purchaser's ability to utilize in the same manner in which they are currently utilized by the
Seller in connection with its business;

               3.21.3 violate any judgment, order,
injunction, decree or award against, or binding upon, the Seller or upon their properties or assets; or

               3.21.4 violate any law or regulation of
any jurisdiction relating to the Seller, its assets or properties.

3.22 BROKERS-FINANCIAL ADVISOR: Seller has not dealt with any broker, financial advisor, or finder in connection with
the transaction contemplated herein, and agree to indemnify and hold Purchaser harmless in connection with any claims for commissions or other
compensation made by any financial advisor, broker or finder claiming to have been employed by or on behalf of Seller in connection with the
transaction contemplated herein.

3.23 UNTRUE OR OMITTED FACTS: No representation, warranty, document, certificates or other writings furnished by
the Shareholder, or the Seller in this Agreement contains any untrue statement of a material fact, or omits to state a fact necessary in order to
make such representations, warranties or statements not materially misleading.

ARTICLE IV
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

The Purchaser makes the following representations and warranties to the Shareholder, and Seller, each of which shall be deemed material:

4.1 VALID CORPORATE EXISTENCE; QUALIFICATIONS: The Purchaser is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware. The Purchaser has the corporate power and authority to carry on its business as now being conducted. There
is no jurisdiction in which failure to qualify would have a material adverse effect on the Purchaser or its assets, properties or business. A copy
of the Purchaser's

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Articles of Incorporation and Certificate of Good Standing, by-laws and minute books (certified by the Purchaser's Secretary), as
amended to date, which will be delivered to the Shareholder and Seller at or prior to the Closing, are true and complete copies of those documents
as now in effect. The minute books of the Purchaser contain accurate records of all meetings of its Board of Directors, and stockholders since its
inception, and accurately reflect all transactions referred to therein.

4.2 CAPITALIZATION: The authorized capital stock of the Purchaser consists of 100,000,000 shares of $.0001 par value,
non-assessable, common stock, of which of which there is none issued and outstanding at this time. The Purchaser has other capital stock authorized
for issuance consisting of twenty-five million (25,000,000) shares of $.0001 par value Preferred Stock of which there is none issued and outstanding
at this time.

4.3 CORPORATE AUTHORITY; BINDING NATURE OF AGREEMENT: The Purchaser has the power to enter into this Agreement and to
carry out its obligation hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have
been duly authorized by the Board of Directors of the Purchaser and no other corporate proceedings on the part of the Purchaser are necessary to
authorize the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby. This Agreement constitutes
the valid and binding obligation of the Purchaser and is enforceable in accordance with its terms.

4.4 CONSENTS: There are no consents of governmental and other regulatory agencies, foreign or domestic, and of other
third parties required to be received by or on the part of the Purchaser, to enable it to enter into and carry out this Agreement in all material
respects.

4.5 BROKERS-FINANCIAL ADVISORS: All negotiations relative to this Agreement and the Transaction contemplated hereby
have been carried on directly with the Shareholder and Seller. The Purchaser has not engaged, consented to, or authorized any broker, finder,
investment banker or any other third party to act on its behalf, directly or indirectly, as a broker or finder in connection with this Agreement
and the Transaction, and the Purchaser agrees to indemnify the Shareholder and the Seller against, and to hold the Shareholder and the Seller harmless
from any claim for brokerage or similar commission or other compensation which may be made against the Shareholder or the Seller by any third party
in connection with any of the transactions contemplated hereby which claim is based upon any action by the Purchaser.

4.6 FINANCIAL STATEMENTS: The Purchaser, prior to the Closing Date, will deliver to the Seller, its Unaudited Balance
Sheet. All of the historical financial statements contained in such documents will have been prepared from the books and records of the Purchaser.
Without limiting the foregoing, at the date of the Purchaser's Balance Sheet, the Purchaser will have owned each of the assets included in preparation
of the Purchaser's Balance Sheet, and for the valuation of such assets in the Purchaser's Balance Sheet, will not be for more than their fair market
value (on an item by item basis) at that date; and the Purchaser will have no Liabilities other than those included in the Purchaser's Balance Sheet,
nor any Liabilities in amounts in excess of the amounts included for them in the Purchaser's Balance Sheet. From the date hereof, through the Closing
Date, the Purchaser will continue to prepare financial statements on the

14

same basis that it has done so in the past, will promptly deliver the same to the Seller, and agrees that from and after such delivery,
the foregoing representations will be applicable to each financial statement so prepared and delivered. The Unaudited Financial Statements will be
prepared by the Purchaser, whose report thereon is included herein and referenced as Exhibit "D".

4.7 NO UNDISCLOSED LIABILITIES: Except as set forth in the Purchaser's Balance Sheet included in the Unaudited Balance
Sheet as Exhibit "D", the Purchaser has no material debts, liabilities or obligations, known or unknown, contingent or absolute, in excess of $2,500,
except those arising in the ordinary course of business of the Purchaser and consistent with past practice.

4.8 LITIGATION, COMPLIANCE WITH LAW: There are no pending or threatened actions, suits, proceedings or governmental
investigations or reviews relating to the Purchaser or any of its properties, assets or business or, to the knowledge of the Purchaser, any order,
injunction, award or decree outstanding, against the Purchaser or against or relating to any of its properties, assets or business; and the Purchaser,
after reasonable inquiry, knows of no basis for any such action, suits or proceedings or any such governmental investigations, reviews, orders,
injunctions or decrees. To the knowledge of the Purchaser, the Purchaser is not in violation of any material law, regulation, ordinance, order,
injunction, decree, award, or other requirement of any governmental body, court or arbitrator relating to its properties, assets or business.

4.9 AGREEMENTS AND OBLIGATIONS; PERFORMANCE: Exhibit "E" sets forth a list of material agreements to which the
Purchaser is a party or is otherwise bound. Other than these material agreements, the Purchaser is not party to or bound by any:

               4.9.1 written or oral agreement or other
contractual commitment, understanding or obligation which involves aggregate payments or receipts in excess of $2,500 that cannot be canceled on 30
days or less notice without penalty or premium or any continuing obligation or liability;

               4.9.2 contractual obligation or contractual
liability of any kind to the Purchaser which will not be canceled on or prior to the Closing except as otherwise provided by this Agreement;

               4.9.3 contract for the purchase or sale
of any materials, products or supplies or for any services, which commits or will commit it for a fixed term;

               4.9.4 management or consulting agreement
 not terminable at will without penalty or premium or any continuing obligation or liability which the Purchaser and each such individual agree to
cancel on the Closing Date;

               4.9.5 leases for real or personal property
(including borrowings thereon) licenses or royalty agreements;

               4.9.6 agreement, commitment or understanding
relating to indebtedness for borrowed money;

15

               4.9.7 contract which, by its terms,
requires the consent of any party thereto, to the consummation of the transactions contemplated hereby;

               4.9.8 contract containing covenants
limiting the freedom of the Purchaser to engage or compete in any line or business or with any person in any geographical area;

               4.9.9 other contract, agreement,
commitment or understanding which materially affects any of its properties, assets or business, whether directly or indirectly, or which was
entered into other than in the ordinary course of business. The Purchaser has in all material respects performed all material obligations
required to be performed by it to date under all agreements to which it is a party and is not in default in any material respect under any
of its agreements and has received no notice of any default or alleged default which has not heretofore been cured or which notice has not
heretofore been withdrawn.

ARTICLE V

COVENANTS OF THE SHAREHOLDER AND THE SELLER

5.1 COVENANTS OF THE SHAREHOLDER AND THE SELLER: The Shareholder and the Seller hereby covenants to, from and
after the date hereof and until the Closing or earlier termination of this Agreement, without the prior written consent of the Purchaser:

               5.1.1 Best Efforts: To take every
action reasonably required of them and use their best efforts to satisfy the conditions at closing as set forth in this Agreement and otherwise
to ensure the prompt and expedient consummation of the Transaction substantially as contemplated by this Agreement, and will exert all reasonable
efforts to cause the Transaction to be consummated, provided in all instances that the representations and warranties of the Purchaser in this
Agreement are and remain true and accurate and that the covenants and agreements of the Purchaser in this Agreement are satisfied or appear capable
of being satisfied and subject, at all times, to the right and ability of the Shareholder of the Seller to satisfy its fiduciary obligations.

               5.1.2 Access and Information: To afford
the officers, attorneys, accountants and other authorized representatives of the Purchaser (collectively, the "Representatives"), free and full
access, during regular business hours and upon reasonable notice, to all of its books, records, contracts, commitments and properties (including,
without limitation, tax returns) at the Purchaser's own expense, to review, examine and investigate the books, records and properties of the Seller
to determine the accuracy of the representations and warranties made by the Shareholder and the Seller. The Shareholder and the Seller shall cause
their employees, accountants and attorneys to cooperate fully with said review, examination and investigation. The Seller shall promptly furnish to
the Purchaser (i) all communications to its Shareholder, generally, (ii) internal monthly financial information concerning their business properties
and personnel as the Purchaser may reasonably request.

               5.1.3 Insurance: To maintain in full
force and effect insurance coverage of a type and amount customary in its business, but not less than presently in effect.

16

               5.1.4 Discharge Taxes and Indebtedness:
To pay and discharge, as they become due, all taxes, assessments, debts, claims and other governmental or non-governmental charges lawfully imposed upon,
or incurred by them or the properties and assets of the Seller, except taxes, assessments, debts, claims and charges contested in good faith in appropriate
proceedings for which the Seller shall have set aside adequate reserves for the payment of such tax, assessment, debt, claim or charge. The Seller shall
provide the Purchaser, upon the Purchaser's request, evidence of payment of such taxes, assessments, debts, claims and charges satisfactory to the
Purchaser.

               5.1.5 Compliance with Agreements;
Compliance with Laws: To comply with the terms and conditions of all material agreements, commitments or instruments to which the Shareholder
or the Seller are a party or by which they may be bound. The Shareholder and the Seller shall duly comply in all material respects with any material
laws, ordinances, rules and regulations of any federal, state or local government or any agency thereof, or any writ, order or decree, and conform to
all valid requirements of governmental authorities relating to the conduct of its business, properties and assets. The Seller also covenants to file
all tax returns as they become due prior to the Closing.

               5.1.6 No Indebtedness: Not to incur
any obligation or liability, absolute or contingent, except for those incurred in the ordinary and usual course of their business or in connection with
the transactions contemplated by this Agreement.

               5.1.7 No Dividend, Retirement or Purchase
of Shares: Not to declare or pay any dividend or distribution, in cash or otherwise, or any Shares of the Seller or redeem, return, purchase or
otherwise acquire directly or indirectly any Shares.

               5.1.8 Conduct of Business Prior to
Closing:

               (i) to conduct its business only in the
ordinary and usual course and make no material change in any of its business practices and policies;

               (ii) to use its best efforts to preserve
its business organization intact, to keep available the services of its present employees and consultants and to preserve its good will;

               (iii) to maintain good relationships with
suppliers, lenders, creditors, employees, customers and others having business or financial relationships with it;

               (iv) It shall not (a) amend its Articles
of Incorporation (b) split, combine, or reclassify any of its outstanding securities;

               (v) It shall not sell, lease, mortgage,
encumber, or otherwise dispose of or grant any interest in any of its assets or properties except for sale, encumbrances and other dispositions or
grants in the ordinary course of business and consistent with past practice and except for liens for taxes not yet due or liens or encumbrances
that are not material in amount or effect and do not impair the use of the property, or as specifically provided for or permitted in this Agreement;

17

               (vi) It shall not enter into, or terminate,
any material contract, agreement, commitment or understanding;

               (vii) It will not hold any meetings of
its Directors, or any committee thereof, or of its Shareholders, without giving a representative selected by the Purchaser the option to attend the
same (although the Seller may request that such representative absent himself during that portion of any such meeting that pertains to issues arising
under this Agreement); and

               (viii) It shall immediately notify the
Purchaser of any event or occurrence or emergency material to, and not in the ordinary and usual course of business.

               (iv) There shall have been no payments
paid and received by any person as a result of the transaction contemplated hereby that would constitute an "excess parachute payment" within the
meaning of Section 280G of the Internal Revenue Code (the "Code").

               5.1.9 No Breach: Not to voluntarily
take any action or do anything which will cause a breach of or default respecting its covenants, representations or warranties set forth herein and
promptly to notify the Purchaser of any event or fact which represents or is likely to cause such a breach or default.

               5.1.10 Publicity: Prior to the
Closing, any written news releases by the Seller pertaining to this Agreement or the Transaction shall be submitted to the Purchaser for review
and approval prior to release by the Seller, and shall be released only in a form approved by the Purchaser, provided, however, that such approval
shall not be unreasonably withheld, and (b) such review and approval shall not be required, if prior review and approval would prevent the timely
and accurate dissemination of such press release as required to comply, in the judgment of counsel, with any applicable law, rule or policy.

               5.1.11 Updating of Schedules and
Exhibits: The Seller and Shareholder shall notify the Purchaser of any changes, additions or event which may cause any change in or addition
to any Exhibits delivered by it under this Agreement, promptly after the occurrence of the same and at the Closing by the delivery of updates of
all Exhibits. No notification pursuant to this Section shall be deemed to cure any breach of any representation or warranty made in this Agreement
unless the Purchaser specifically agrees thereto in writing nor shall any such notification be considered to constitute or give rise to a waiver by
the Purchaser of any condition set forth in this Agreement.

               5.1.12 Understanding of Shareholder
and Seller: Shareholder and Seller hereby state and understand that the materials, including current financial statements, current income tax
returns prepared and delivered by them, and they are familiar with the Business of Purchaser, and they are acquiring the Purchaser's restricted
shares pursuant to Section 4(2), commonly known as the private offering exemption of the Securities Act of 1933, as amended.

               5.1.13 National Association of Security
Dealers Automatic Quotation, Bulletin Board System ("NASDAQ/BB"): The Shareholder and Seller acknowledges that shares received by

18

Shareholder and Seller in this transaction may be subject to certain resale restrictions pursuant to Rule 144 of the Securities
Act of 1933, as amended.

ARTICLE VI

COVENANTS OF THE PURCHASER

6.1 Covenants of the Purchaser: The Purchaser hereby covenants to, from and after the date hereof and until the
Closing or earlier termination of this Agreement:

               6.1.1 Best Efforts: To take every
action reasonably required of it and use its best efforts to satisfy the conditions at Closing set forth in this Agreement and otherwise to ensure
the prompt and expedient consummation of the Transaction substantially as contemplated by this Agreement, and will exert all reasonable efforts to
cause the Transaction to be consummated, provided in all instances that the representations and warranties of the Shareholder and the Seller in this
Agreement are and remain true and accurate and that the covenants and agreements of the Shareholder and the Seller in this Agreement are satisfied
or appear capable of being satisfied and subject, at all times, to the right and ability of the directors of the Purchaser to satisfy their fiduciary
obligations.

ARTICLE VII

CONDITIONS PRECEDENT TO THE OBLIGATIONS

OF THE SHAREHOLDER AND THE SELLER TO CLOSE

The obligations of the Shareholder and the Seller to enter into and complete the Closing is subject to the fulfillment, prior to
the Closing Date, of each of the following conditions, any one or more of which may be waived by the Purchaser:

7.1 CONSENTS, LICENSES AND PERMITS: The Seller shall have obtained all consents, licenses, permits, approvals and
authorizations and waivers of third parties necessary for the performance by it of all of its obligations under this Agreement.

7.2 REPRESENTATIONS AND WARRANTIES: All representations and warranties of the Seller set forth in this Agreement
and in any written statement or other document delivered pursuant hereto or in connection with the Transaction contemplated hereby shall be true
in all material respects as at the Closing Date, as if made at the Closing and as of the Closing Date.

7.3 COVENANTS: The Shareholder and Seller shall have performed and complied in all material respects with all
covenants and each of its agreements and obligations required by this Agreement to be performed or complied with prior to or at the Closing.

7.4 NO ACTIONS: No action, suit, proceeding or investigations shall have been instituted against the Shareholder
and Seller, and be continuing before a court or by a governmental body or agency, or shall have been threatened and be unresolved, to restrain
or to prevent or to obtain damages in respect of, the carrying out of the transactions contemplated hereby, or which might materially affect the
right of the Seller or the Shareholder in the Transaction after the Closing Date, or which might have a materially adverse effect thereon.

19

7.5 ADDITIONAL DOCUMENTS: The Purchaser shall have delivered all such certified resolutions, certificates and
documents as the Shareholder, or the Seller or their counsel may have reasonably requested.

ARTICLE XIII

CLOSING

8.1 LOCATION AND TIME: The Closing provided for herein shall take place at the offices of House of BODS Fitness,
Inc., 1601 South Sun Drive, Suite #1097, Lake Mary, FL 32746 on October 21, 2010. The date and time of Closing shall be mutually determined by the
parties.

8.2 ITEMS TO BE DELIVERED BY THE SHAREHOLDER OR THE SELLER: At the Closing, the Shareholder and/or the Seller will
deliver or cause to be delivered to the Purchaser:

               8.2.1 Shares certificate for one-hundred
Shares of Common Stock of the Seller;

               8.2.2 Unaudited Balance Sheet;

               8.2.3 Such other certified resolutions,
documents and certificates as are required to be delivered by the Shareholder or the Seller pursuant to the provisions of the Agreement; and

8.3 ITEMS TO BE DELIVERED BY PURCHASER: At the Closing, the Purchaser will deliver or cause to be delivered to the
Shareholder:

               8.3.1 The certificates required by Article II;

               8.3.2 Such other certified resolutions,
documents and certificates as are required to be delivered by the Purchaser pursuant to the provisions of this Agreement.

               8.3.3 Unaudited Balance Sheet as set forth
in Exhibit E.

ARTICLE IX

POST CLOSING OBLIGATIONS

9.1 SURVIVAL: The parties hereto agree that their respective representations and warranties shall survive the
execution and delivery of this Agreement and the consummation of the transactions provided for herein.

9.2 INDEMNIFICATION BY SHARESHOHLDER AND THE SELLER: The Shareholders and the Seller shall indemnify, save and keep
the Purchaser, its successors and assigns, forever harmless against and from all liabilities, demands, claims, actions or causes of action, assessments,
losses, penalties, costs, damages or expenses, including reasonable attorneys' fees and expenses, of every kind, nature and description, fixed or
contingent, sustained or incurred by Purchaser, its successors or assigns arising out of, resulting from, based upon or in connection with:

20

               9.2.1 any representation or warranty
made by the Shareholder and the Seller to the Purchaser herein or any violation of agreements or covenants or any instrument or document delivered
to Purchaser in connection herewith being incorrect in any material respect; and

               9.2.2 the failure of the Shareholder or
the Seller to comply with, or the breach by Shareholder, or the Seller of any of the covenants and agreements in this Agreement to be performed by
Shareholder or the Seller.

9.3 INDEMNIFICATION BY THE PURCHASER: The Purchaser shall indemnify, save and keep the Shareholder and the Seller,
their successors and assigns, forever harmless against and from all liabilities, demands, claims, actions or causes of action, assessments, losses,
penalties, costs, damages or expenses, including reasonable attorneys' fees and expenses, of every kind, nature and description, fixed or contingent,
sustained or incurred by Shareholder and the Seller, their successors or assigns arising out of, resulting from, based upon or in connection with:

               9.3.1 any representation or warranty made
by Purchaser to Shareholder or the Seller herein or any violation of agreements or covenants or any instrument or document delivered to Shareholder
and the Seller in connection herewith being incorrect in any material respect provided a claim is asserted by Shareholder or the Seller within one
(1) year of the Closing Date.

               9.3.2 the failure of the Purchaser to
comply with, or the breach by the Purchaser of any of the covenants and agreements in this Agreement to be performed by the Purchaser.

9.4 DEFENSE OF CLAIMS: A party entitled to indemnification hereunder (an "Indemnified Party") agrees to notify
each party required to indemnity hereunder (an "Indemnifying Party") with reasonable promptness of any claim asserted against it in respect of
which any Indemnifying Party may be liable under this Agreement, which notification shall be accompanied by a written statement setting forth
the basis of such claim and the manner of calculation thereof. An Indemnifying Party shall have the right to defend any such claim at its or
his own expense and with counsel of its or his choice; provided, however, that such counsel shall have been approved by the Indemnified Party
prior to engagement, which approval shall not be unreasonably withheld or delayed; and provided further, that the Indemnified Party may participate
in such defense, if it so chooses, with its own counsel and at its own expense.

9.5 RIGHTS WITHOUT PREJUDICE: The rights of the parties under this Article IX are without prejudice to any other
rights or remedies that it may have by reason of this Agreement or as otherwise provided by law.

9.6 OPERATING AGREEMENTS: From and after the Closing, the Purchaser (House of BODS Fitness, Inc.), shall operate
as follows:

               9.6.1 The name of the Purchaser may
be changed to a name mutually agreed to by its Shareholders.

               9.6.2 BODS... TRANSCENDING COMPANY shall
operate as a wholly owned subsidiary of the Purchaser.

21

ARTICLE X

TERMINATION AND WAIVER

10.1 TERMINATION: This Agreement and the Transaction may be terminated at any time prior to the Closing:

               10.1.1 By mutual consent of the Seller
and the Purchaser;

               10.1.2 By the Seller if any of the
conditions set forth in Article IV, and by the Purchaser if any of the conditions set forth in Article III hereof, shall not have been fulfilled
on or prior to the Closing Date, or shall have become incapable of fulfillment, and shall not have been waived. In the event this Agreement is
terminated as described above, this Agreement shall be void and of no force and effect.

10.2 WAIVER: Any condition to the performance of the Seller, Shareholder, and the Purchaser which legally may be
waived on or prior to the Closing Date may be waived at any time by the party entitled to the benefit thereof by action taken or authorized by an
instrument in writing executed by the relevant party or parties. The failure of any party at any time or times to require performance of any provision
hereof shall in no manner affect the right of such party at a later time to enforce the same. No waiver by any party of the breach of any term, covenant,
representation or warranty contained in this Agreement as a condition to such party's obligations hereunder shall release or affect any liability
resulting from such breach, and no waiver of any nature, whether by conduct or otherwise, in any one or more instances, shall be deemed to be or
construed as further or continuing waiver of any such condition or of any breach of any other term, covenant, representation or warranty of this
Agreement.

ARTICLE XI

MISCELLANEOUS PROVISIONS

11.1 EXPENSES: Each of the parties hereto shall bear his or its own expenses in connection herewith, including
any expenses incurred if the proposed transaction is abandoned at any time prior to the consummation thereof.

11.2 CONFIDENTIAL INFORMATION: Each party agrees that such party and its representatives will hold in strict
confidence all information and documents received from the other parties and, if the transactions herein contemplated shall not be consummated,
each party will continue to hold such information and documents in strict confidence and will return to such other parties all such documents
(including the Exhibits attached to this Agreement) then in such receiving party's possession without retaining copies thereof; provided, however,
that each party's obligations under this Section 11.2 to maintain such confidentiality shall not apply to any information or documents that are in
the public domain at the time furnished by the others or that become in the public domain thereafter through any means other than as a result of
any act of the receiving party or of its agents, officers, directors, Shareholder or stockholders, which constitutes a breach of this Agreement,
or that are required by applicable law to be disclosed or which the Purchaser furnishes to its attorneys, accountants, underwriters or other persons
it deems necessary or advisable in connection with the preparation of Purchaser's potential equity

22

financing. The parties agree that the remedy at law for any breach of this Section 11.2 will be inadequate and a non-breaching
party will be entitled to injunctive relief to compel the breaching party to perform or refrain from action required or prohibited hereunder.

11.3 MODIFICATION, TERMINATION OR WAIVER: This Agreement may be amended, modified, superseded or terminated, and any
of the terms, covenants, representations, warranties or conditions hereof may be waived, but only by a written instrument executed by the party
waiving compliance. The failure of any party at any time or times to require performance of any provisions hereof shall in no manner affect the
right of such party at a later time to enforce the same.

11.4 NOTICES: All notices, requests, demands and communications under or in respect hereof shall be deemed to have
been duly given and made if in writing if delivered by hand or certified mail, return receipt requested to the party concerned or by regular mail
together with a facsimile transmission at its address or fax number appearing below together with a copy as indicated. Service shall be deemed to
be effective by certified mail or by regular mail together with a facsimile transmission on the date of mailing and transmitting. The said addresses
and fax numbers are as follows:

	
      (a)
	
      If to HOuse of BODS Fitness, Inc., to:
House of BODS Fitness, INC

               1061 South Sun Dr. Suite 1097

               Lake Mary, FL 32746

               Attention: Tammy Skalko, President

	
       
	
       

	
       
	
      Telephone: 407 221-1294
Fax: 407 829-8989

	
       
	
       

	
       
	
      With a copy to
Raul N. Rodriguez, Esq.

               Rodriguez & Associates

               1011 Pennsylvania St, Shares

               Denver, Colorado 80203

	
       
	
       

	
       
	
      Telephone: 303 861-1797
Fax: 303 861-1995

	
      (b)
	
      If to BODS... TRANSCENDING COMPANY, to:
BODS... TRANSCENDING COMPANY

               1061 South Sun Dr. Suite 1097

               Lake Mary, FL 32746

               Attention: Tammy Skalko, President

	
       
	
       

	
       
	
      Telephone: 407 221-1294
Fax: 407 829-8989

23

	
       
	
       

	
       
	
      With a copy to
Mark L. Ornstein

               2 South Orange Avenue

               5th Floor

               Orlando, FL 32801/P>

The parties may change the persons, addresses and fax numbers to which the notices or other communications are to be sent by
giving written notice of any such change in the manner provided herein for giving notice.

11.5 BINDING EFFECT AND ASSIGNMENT: This Agreement shall be binding upon and inure to the benefit of the successors
and assigns of the parties hereto; provided, however, that no assignment of any rights or delegation of any obligations provided for herein may be
made by any party without the express written consent of the other parties.

11.6 ENTIRE AGREEMENT: This Agreement contains the entire Agreement between the parties with respect to the subject
matter hereof.

11.7 EXHIBITS: The Exhibits attached hereto and the documents and instruments referred to herein or required
to be delivered simultaneously herewith or at the Closing, are expressly made a part of this Agreement as fully as though completely set forth
herein, and all references to this Agreement herein or in any of such Exhibits, documents, or instruments shall be deemed to refer to and include
all such Exhibits, documents and instruments. All of the Exhibits referred to herein are incorporated herein by reference.

11.8 GOVERNING LAW: This Agreement shall be governed by, and construed in accordance with the laws of the State
of Colorado applicable to agreements made and to be performed within that State, excluding the choice of law rules thereof.

11.9 COUNTERPARTS: This Agreement may be executed in counterparts, each of which shall be deemed to be an original,
but which together shall constitute one and the same instrument.

11.10 SECTION HEADINGS: The section headings contained in this Agreement are inserted for convenience of reference
only and shall not affect the meaning or interpretation of this Agreement.

11.11 SEVERABILITY. Except to the extent that application of this Section 11.11 would have a Material Adverse Effect
on either party, any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of
this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any
provision of this Agreement is so broad as to be unenforceable, the provisions shall be interpreted to be only as broad as is enforceable.

24

11.12 DEFINITION OF "MATERIAL ADVERSE EFFECT". As used in this Agreement, "Material Adverse Effect" shall mean
with respect to a person, a Material Adverse Effect upon (A) the business, financial condition, operations, or prospects of such person, or
(B) the ability of such person to timely perform its obligations under the Agreement and to timely consummate the Exchange; provided, however,
that in determining whether a Material Adverse Effect has occurred, there shall be excluded any effect on the referenced party the cause of which
is (i) any change in laws, rules or regulations of general applicability or interpretations thereof by courts or governmental authorities, (ii)
any change in generally accepted accounting principles or regulatory accounting principles applicable to companies or their holding companies
generally, (iii) any action or omission of Shareholder, Seller, or any subsidiary taken with (or without) the prior written consent of Purchaser,
as applicable, or permitted by this Agreement, and (iv) any changes in general economic conditions affecting the oil and gas industry.

IN WITNESS WHEREOF, each of the parties hereto have duly executed this Agreement as of the day and year first above written.

	
      HOUSE OF BODS FITNESS, INC.
	
      BOD... TRANSCENDING COMPANY

	
       
	
       

	
      By___________________________
	
      By____________________________

	
       
	
       

	
      Tammy Skalko, President
	
      Tammy Skalko, President

	
       
	
       

	
      By___________________________
	
      TAMMY SKALKO

	
       
	
       

	
      James Beshara, Secretary
	
      By____________________________

	
       
	
       

	
       
	
      Tammy Skalko, Shareholder

 

 

Exhibit List

A.   Sellers' Unaudited Balance Sheet

B.   Sellers' material agreements

C.   Sellers' list of employees and salary

D.   Purchasers' Unaudited Balance Sheet

E.   Purchaser material agreements

25

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