Document:

trtc_ex101.htm

EXHIBIT 10.1

 

July 30, 2014

 

Terra Tech Corp.

18101 Von Karman

Third Floor

Irvine, CA 92612

Re: Amendment to Securities Purchase Agreement (the “Amendment”)

Ladies & Gentlemen:

Reference is made to that certain Securities Purchase Agreement dated as of February 5, 2014, between Dominion Capital LLC (including certain assignees thereto) (“Dominion” or “we”) and Terra Tech Corp. (the “Company” or “you”) (the “SPA”). All capitalized terms not defined herein will carry the same meanings and definitions in the SPA.

The Company has requested and we have agreed to accelerate the remaining amount due pursuant to the SPA, with a final closing and funding date set for July [25], 2014 (the “Ultimate Closing”). To that end, we have agreed to amend each of Sections 2.1 and 2.2 of the SPA to specifically provide for a closing of $2,750,000. All Closing Conditions in Section 2.4 of the SPA, and all Representations and Warranties in Article III shall remain unaltered, modified or amended by this Amendment. Furthermore, the Other Agreements of the Parties in Article IV of the SPA will remain in force, and, specifically (without limitation of any other provision or section of Article IV, Section 4.11(b) with the reservation of at least 400% of the Required Minimum in the form of a letter executed by the Company’s transfer agent shall be in force and valid prior to this Ultimate Closing.

Finally the Company and we agree that in consideration of this Amendment and the undertakings thereunder, the Company agrees to file, within two (2) business days of the Ultimate Closing, a registration statement on Form S-1 with the Securities and Exchange Commission that will register all shares of the Company’s Common Stock into which the Notes and Warrants convert that have been issued pursuant to the SPA. The parties agree that that number is 95,427,643 shares in respect of the Notes and 11,491,228 in respect of the Warrants or 106,918,871 shares in total.

This Amendment may be executed two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

[Signatures follow on next page.]

 

  

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the SPA to be duly executed by their respective authorized signatories as of the date first indicated above.

 

 

	DOMINION CAPITAL LLC	 	TERRA TECH CORP.	 
	 	 	 	 
	/s/ Mikhail Gurevich	 	/s/ Derek Peterson	 
	BY:	Mikhail Gurevich	 	BY:	Derek Peterson	 
	ITS:	Managing Member	 	ITS:	CEO	 

 

  

2Exhibit 10.1

 

 

 

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MERGER AGREEMENT

 

This Agreement (the “Agreement”)
made as of the 18th day of July, 2014 by and among, SELECT-TV SOLUTIONS (USA), INC.., a Florida corporation (hereinafter
sometimes referred to as the "Merging Entity"), and SELECT-TV SOLUTIONS, INC., a Nevada Corporation (hereinafter
sometimes referred to as the “Company”) in contemplation of the merger of the Merging Entity with the Company
being effective from and as of the close of business on the 31st day of July, 2014 (the “Merger”).

 

PRELIMINARY STATEMENT

 

WHEREAS SELECT-TV SOLUTIONS (USA),
INC., the Merging Entity, carries on a business, in the United States of America, consisting of delivering interactive entertainment
systems and information technology solutions to a wide range of customers, including in the hospitality, healthcare and residential
sectors, to which it offers its Interactive Television system (ITV) using the Select-TV
Internet Protocol Television (IPTV) Technology with its Set-Top Box and the wide range of services that can be accessed therefrom
(the “Select-TV Business”);

 

WHEREAS SELECT-TV SOLUTIONS (USA),
INC. carries on the Select-TV Business in the United States and its territories and possessions, pursuant to a sublicense granted
by SELECT-TV SOLUTIONS (USA), INC.’s wholly-owned Canadian subsidiary, Oriana Technologies
Inc. (“Oriana Canada”), a Canadian business corporation licensed to carry on the Select-TV Business,
and to grant sublicenses thereto, the whole pursuant to a Licensee Agreement, dated
effective October 01, 2012, between Oriana Canada, as Licensee and Select-TV Solutions
Sdn. Bhd., of 873 A&B, Toman Kok Lian, Batu 5,
Jalan Ipoh, 51200 Kuala Lumpur, Malaysia, as Licensor (the “Select-TV
Licensor”), pursuant to which the Select-TV Licensor granted to Oriana
Canada the license (with the right to sublicense) to market and sell the Select-TV HITV (Hospitality Interactive TV software
and hardware, any related updates or upgrades and related documentation) and EMAGINE (home IPTV software and hardware, any related
updates or upgrades and related documentation) and associated hardware and Third Party Software offered, from time to time, by
the Select-TV Licensor, (A) on an exclusive basis, in North America, including Canada and the United States of America
(USA) and in Central America, South America, the Caribbean and their respective territories and possessions; and (B) on
a non-exclusive basis, in rest of the World (the “Select-TV License”);

 

WHEREAS, besides being the parent
corporation of Oriana Canada, SELECT-TV SOLUTIONS (USA), INC. is also the parent corporation holding all of the issued and outstanding
shares of the capital stock of SELECT-TV SOLUTIONS (CANADA) INC., a Canadian business corporation which carries on the Select-TV
Business in Canada and its territories and possessions, pursuant to a sublicense granted to it by its sister corporation, Oriana
Canada;

 

WHEREAS SELECT-TV SOLUTIONS, INC.
is a US public company, currently trading as “SEDFD” and, shortly, as “SELT”, and is fully current in its
SEC filings;

 

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WHEREAS the authorized capital of
SELECT-TV SOLUTIONS, INC. consists of 500,000,000 shares of Common Stock having a par value of $0.001 per share, of which, as at
the time of the Merger contemplated by this Agreement, 54,134,000 shares of Common Stock of the capital of SELECT-TV SOLUTIONS,
INC. shall be issued and outstanding as fully paid and non-assessable shares and publicly listed under the trading symbol “SEDFD”
to be subsequently changed to the trading symbol “SELT” on the OTC-QB Exchange (the “Exchange”);

 

WHEREAS the authorized capital of
SELECT-TV SOLUTIONS (USA), INC., the Merging Entity, consists of 90,000,000 shares of Common Stock having a par value of $0.001
per share, of which, as at the time of the Merger contemplated by this Agreement, (A) 39,742,754 shares of Common Stock
of the capital of SELECT-TV SOLUTIONS (USA), INC. shall be issued and outstanding as fully paid and non-assessable shares; and
(B) 1,397,600 Common Stock Purchase Warrant granting the right to acquire shares of Common Stock of the capital of
SELECT-TV SOLUTIONS (USA), INC. shall be issued and outstanding;

 

WHEREAS SELECT-TV SOLUTIONS (USA),
INC. also issued a Convertible Promissory Note, maturing December 31, 2014, in favour of Vector Resources Inc. (“Vector”),
for a principal amount of CAN$150,000.00 (the “Vector Note”), which Vector Note provides that SELECT-TV
SOLUTIONS (USA), INC. will procure to Vector that any reporting issuer in the United States or Canada with whom SELECT-TV SOLUTIONS
(USA), INC completes a business combination transaction (the “Transaction”) will assume the obligations
under the Vector Note and will agree to convert the principal amount of such Vector Note into the securities of such reporting
issuer issued within the framework of a financing concurrent with the Transaction (the “Concurrent Financing”),
at a per security price equal to 50% of the deemed issue price of the reporting issuer’s securities issued to SELECT-TV SOLUTIONS
(USA), INC or its shareholders in connection with the Transaction, which deemed issue price is currently contemplated to be $0.05
per share, resulting in the Vector Note conversion price of $0.025 per share and the issuance, as at the time of the Merger contemplated
by this Agreement, of 6,000,000 shares of Common Stock of the capital of SELECT-TV SOLUTIONS, INC., in consideration of the sum
of $150,000.00 of the Principal of the said Vector Note;

 

WHEREAS SELECT-TV SOLUTIONS, INC.
is desirous of acquiring SELECT-TV SOLUTIONS (USA), INC.’s Assets, inclusive of its proprietary rights & knowledge, and
SELECT-TV SOLUTIONS (USA), INC.. is desirous to have said assets be obtained and licensed through SELECT-TV SOLUTIONS, INC.; therefore
the two parties have come together hereby to enter into this binding Merger Agreement, it being understood that, notwithstanding
the date of execution of this Agreement, the Merger shall become effective from and as of the close of business on the 31st day
of July, 2014.

 

Article 1 – Merger of the Assets
& Liabilities

 

1.1.        a)
Subject to and upon the terms and conditions of this Agreement, following the closing of the transactions contemplated by this
Agreement from and as of the close of business on the 31st day of July, 2014 (the "Closing"),
SELECT-TV SOLUTIONS (USA), INC. shall be merged with and into SELECT-TV SOLUTIONS, INC. as the surviving entity in accordance with
this Merger Agreement and the applicable provisions of the Articles of Merger attached hereto as Exhibit “A” forming
an integral part of this Agreement. Following the Merger, the Merging Entity and the Company will continue as the surviving merged
corporation (hereinafter sometimes referred to as the “Surviving Corporation”) and the separate existence
of SELECT-TV SOLUTIONS (USA), INC. and the Company shall cease immediately from and as of the close of business on the 31st day
of July, 2014.

 

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The Merger shall have the effects set forth
in §92A.190 of the Nevada Statutes and §607.1101 of the Florida Statutes. Without limiting the generality of the
foregoing, and subject thereto, at the close of business on the 31st day of July, 2014, all the property, rights,
privileges, powers and franchise of SELECT-TV SOLUTIONS (USA), INC. and the Company will vest in the Company as the surviving entity
and the Surviving Corporation without further act or deed, and all debts, liabilities and duties of SELECT-TV SOLUTIONS (USA),
INC. and the Company will become the debts, liabilities and duties of the Surviving Corporation.

 

Further and for purposes of clarity, at
the time of the Merger, the name of the Surviving Corporation shall remain “SELECT-TV SOLUTIONS, INC.” and (A) the
registered office, (B) the authorized capital and (C) the By-Laws of the Surviving Corporation shall remain
identical to those of the Company immediately prior to the Merger.

 

b)
Upon and subject to the terms and conditions of this Agreement, at the Closing, all of SELECT-TV SOLUTIONS (USA), INC.’s
right, title and interest in and to all the Assets, properties and associated rights (whether tangible or intangible) that are
used or held for use by SELECT-TV SOLUTIONS (USA), INC. as the same shall exist at and as of the Closing (collectively, the “Merged
Assets”), shall, within the framework of the Merger and by operation of the Law, be automatically transferred, conveyed,
assigned and delivered to the Surviving Corporation, free and clear of any and all Liens, save and except as may have been disclosed
by SELECT-TV SOLUTIONS (USA), INC. to the Company prior to the Closing.

 

The “Assets” of SELECT-TV
SOLUTIONS (USA), INC. consist primarily of its Select-TV Sublicense giving it the right to carry-on the Select-TV Business, Intellectual
Property, Trademarks, Trade names, copyrights, corporate trade secrets, equipment and parts, investments and participating interests
in its subsidiaries, contract rights with its customers, and goodwill. The foregoing is inclusive of trade names, trademarks, registered
copyrights, service marks, trademark registrations and applications, service mark registrations and applications, copyright registrations
and applications, corporate or other entity names, internet addresses and other internet related assets used primarily in the operation
of the Select-TV Business, including without limitation such of the foregoing as are listed or described on the Disclosure Schedule.

 

Intellectual Property. 

 

(i)          SELECT-TV
SOLUTIONS (USA), INC. owns and has good and marketable title to, is licensed or otherwise possesses legally enforceable rights
to use, all Intellectual Property used in the Select-TV Business of SELECT-TV SOLUTIONS (USA), INC. as currently conducted by
SELECT-TV SOLUTIONS (USA), INC.  The Intellectual Property and/or the rights thereto owned by SELECT-TV SOLUTIONS (USA),
INC. collectively constitutes all the Intellectual Property necessary to enable SELECT-TV SOLUTIONS (USA), INC. to conduct the
Select-TV Business as such business is currently being conducted.

 

(ii)         SELECT-TV
SOLUTIONS (USA), INC. has not interfered with, infringed upon, misappropriated, or violated any material Intellectual Property
rights of third parties in any material respect, and none of SELECT-TV SOLUTIONS (USA), INC. nor SELECT-TV SOLUTIONS (USA), INC.’s
officers has ever received any charge, complaint, claim, demand, or notice alleging any such interference, infringement, misappropriation,
or violation (including any claim that SELECT-TV SOLUTIONS (USA), INC. must license or refrain from using any Intellectual Property
rights of any third party).  There is no unauthorized use, disclosure, infringement, or misappropriation of any SELECT-TV
SOLUTIONS (USA), INC. Intellectual Property by any third party, including any employee or former employee of SELECT-TV SOLUTIONS
(USA), INC.

 

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(iii)        The
Disclosure Schedule adequately identifies each patent or registration that has been issued to SELECT-TV SOLUTIONS (USA), INC.
with respect to any of its Intellectual Property, identifies each pending patent application or application for registration that
SELECT-TV SOLUTIONS (USA), INC. has made with respect to any of its Intellectual Property. SELECT-TV SOLUTIONS (USA), INC. has
delivered to the Company correct and complete copies of all such patents, registrations, if any and as the case may be.

 

Additionally, all applications,
licenses, sublicenses, agreements, and permissions (as amended to date) of the Disclosure Schedule also identifies each material
trade name or unregistered trademark, service mark, corporate name, internet domain name, copyright, and material computer software
item used by SELECT-TV SOLUTIONS (USA), INC. in connection with the Select-TV Business.  With respect to each item of Intellectual
Property required to be identified in the Disclosure Schedule:

 

(A)          SELECT-TV
SOLUTIONS (USA), INC. possesses sufficient right, title, and interest in and to the item, free and clear of any Lien, license,
or other restriction;

 

(B)          The
item is not subject to any outstanding injunction, judgment, order, decree, ruling, or charge;

 

(C)          No
action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand is pending or, to the knowledge of SELECT-TV
SOLUTIONS (USA), INC., is threatened that challenges the legality, validity, enforceability, use, or ownership of the item; and

 

(D)          SELECT-TV
SOLUTIONS (USA), INC. has never agreed to indemnify any Person for or against any interference, infringement, misappropriation,
or other conflict with respect to the item.

 

At the time of the
Merger, all of SELECT-TV SOLUTIONS (USA), INC.’s full right of use of all of its tangible and intangible Assets, including
without limitation, its Intellectual Property, its rights thereto and its knowledge regarding the Select-TV Business it currently
conducts in the United States of America, its territories and possessions, by providing, pursuant to its Select-TV Sublicense,
interactive entertainment systems and information technology solutions to a wide range of customers, including in the hospitality,
healthcare and residential sectors, to which it offers its Interactive Television system (ITV) using the Select-TV
Internet Protocol Television (IPTV) Technology with its Set-Top Box and the wide range of services that can be accessed therefrom
(collectively, the "Merging entity Assets") shall inure to the Surviving Corporation. The Disclosure Schedule
attached hereto contains a true, complete and correct list of, and/or reference to, the Merging Entity Assets. Additionally, any
and all revenues from any contract previously signed, shall inure to the Surviving Corporation’s account and ledger.

 

1.2SCOPE OF THE MERGER 

 

The Merger of all the assets and liabilities
of the Company and of all the tangible and intangible Assets, including without limitation, Intellectual Property, rights thereto
and knowledge and of all the liabilities of SELECT-TV SOLUTIONS (USA), INC. into SELECT-TV SOLUTIONS, INC., as the Surviving Corporation,
shall be global and complete from and as of the close of business on the 31st day of July, 2014.

 

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1.3        CAPITALIZATION
OF THE SURVIVING CORPORATION.

 

Within the framework of the Merger and
the resulting merging of the assets and liabilities of each of the Merging Entity and the Company into the Surviving Corporation
and, based on the premise that, (A) immediately prior to the Merger, 54,134,000 shares of Common Stock of the capital
of SELECT-TV SOLUTIONS, INC. shall be issued and outstanding as fully paid and non-assessable shares; (B) immediately
prior to the Merger, 39,742,754 shares of Common Stock of the capital of SELECT-TV SOLUTIONS (USA), INC. shall be issued and outstanding
as fully paid and non-assessable shares; (C) immediately prior to the Merger, 1,397,600 Common Stock Purchase Warrant
granting the right to acquire 1,397,600 shares of Common Stock of the capital of SELECT-TV SOLUTIONS (USA), INC. shall be issued
and outstanding; and (D) at or shortly after the Merger, 6,000,000 shares of Common Stock of the capital of SELECT-TV
SOLUTIONS, INC. shall be issued to the holders of the Vector Note in consideration of the sum of $150,000.00 of the Principal of
the said Vector Note, - the holders of securities of the Company and the Merging Entity, shall respectively receive:

 

(a)
For each of the 54,134,000 shares of Common Stock of the capital of the Company held, One share of Common Stock of the capital
of the Surviving Corporation, publicly listed under the trading symbol “SEDFD” and, shortly, under the trading symbol
“SELT”, consisting of 54,134,000 shares of Common Stock of the capital of the Surviving Corporation of corresponding
type, nature and terms;

 

(b)
For each of the 39,742,754 shares of Common Stock of the capital of the Merging Entity held, One and One-Quarter (1.25) share
of Common Stock of the capital of the Surviving Corporation, publicly listed under the trading symbol “SEDFD” and,
shortly, under the trading symbol “SELT”, consisting of 49,678,443 shares of Common Stock of the capital of the Surviving
Corporation of corresponding type, nature and terms, the whole as set forth under Exhibit “B” hereto forming an
integral part of this Agreement and setting forth the name, coordinates of each of the shareholders of the Merging Entity and the
number and percentage of shares of Common Stock held in the capital of the said Merging Entity prior to the Merger, as well as
the number and percentage of shares of Common Stock held in the capital of the Surviving Corporation as of the time of the Merger;
and

 

(c)
For each of the 1,397,600 Common Stock Purchase Warrants granting the right to acquire a share of Common Stock of the capital of
the Merging Entity and held, One and One-Quarter (1.25) Common Stock Purchase Warrants granting the right to acquire a share
of Common Stock of the capital of the Surviving Corporation, publicly listed under the trading symbol “SELT”, consisting
of 1,747,000 Common Stock Purchase Warrants of corresponding type, nature and terms, the whole as set forth under Exhibit “C”
hereto forming an integral part of this Agreement and setting forth the name of each of the Warrantholders of the Merging Entity
and the number, Warrant Price and Warrant Period of their respective Common Stock Purchase Warrants of the said Merging Entity
prior to the Merger, as well as the number, Warrant Price and Warrant Period of their respective Common Stock Purchase Warrants
to be received from the Surviving Corporation at the time of the Merger.

 

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1.4            CLOSING.

 

The Closing shall take place at the offices
of the Corporate Secretary on July 18th, 2014, by close of business. The Merger into the Surviving Corporation of SELECT-TV
SOLUTIONS (USA), INC., the Merging Entity and of SELECT-TV SOLUTIONS, INC., the Company and of their respective Assets and liabilities
shall be and effective from and as of the close of business on the 31st day of July, 2014.

 

Article 2 – Future Research
& Development

 

2.1              SELECT-TV
SOLUTIONS (USA), INC.’s merged Technology Rights.  As of the time of the Merger, the Surviving Corporation
shall be free to pursue the research, development, manufacture of any product which incorporates SELECT-TV SOLUTIONS (USA), INC.’s
proprietary technology going forward, the whole in the same manner and to the same extent as SELECT-TV SOLUTIONS (USA), INC. does
so up to the time of the Merger.

 

Article 3 – Proprietary Information

 

All Proprietary Information which is disclosed
by one party to the other during the term of this Agreement shall be maintained in confidence by the receiving party and shall
not be disclosed by the receiving party to any other person, firm, or agency, governmental or private, without the prior written
consent of the disclosing party, except to the extent that such Proprietary Information:

 

	 	(a)	is required to be disclosed to governmental agencies in order to gain approval to sell Products or otherwise carry on the Select-TV Business, list and/or issue securities, whether or not within the framework of this Agreement, or

	 	(b)	is necessary to be disclosed to agents, consultants and/or other third parties for the research, development and/or marketing of Products, which entities first agree in writing to be bound by the confidentiality obligations contained in this Agreement.

 

Article 4 - Ownership of Intellectual
Property

 

It is understood and agreed by both parties
that the Surviving Corporation shall, by virtue and within the framework of the Merger, become the owner of all the Intellectual
Property, trademark and other rights relating to all the technology and knowledge conveyed, and management of SELECT-TV SOLUTIONS
(USA), INC. shall assist the Surviving Corporation in registering any and all such Intellectual Property and marks in the Surviving
Corporation’s name.

 

Article 5 - Patent Prosecution &
Infringement

 

Enforcement of Intellectual Property
Rights. In the event that the Surviving Corporation becomes aware of any infringement by a third party of any
of the Intellectual Property forming part of the Assets, including trade names, trademarks, registered copyrights, service marks,
trademark registrations and applications, service mark registrations and applications, copyright registrations and applications,
corporate or other entity names, internet addresses and other internet related assets used primarily in the operation of the Select-TV
Business (“Infringing Activities”), it shall promptly institute, prosecute and control any action or proceeding
with respect to any such Infringing Activities, using counsel of its choice, including any declaratory judgment action arising
from such infringement.

 

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Article 6 - Warranties/Indemnification

 

6.1           Representations
and Warranties.  Each party represents and warrants to the other that (a) it has the full right, power
and authority to execute, deliver and perform this Agreement, and (b) the terms of this Agreement do not conflict with any
other agreement, order or judgment to which such party is a party or by which it is bound.

 

6.2.           Disclaimer.   EXCEPT
AS OTHERWISE PROVIDED HEREIN, SELECT-TV SOLUTIONS (USA), INC. DOES NOT WARRANT THE VALIDITY OF THE LICENSED INTELLECTUAL PROPERTY
AND MAKES NO REPRESENTATION WHATSOEVER WITH REGARD TO THE SCOPE OF THE LICENSED INTELLECTUAL PROPERTY.

 

6.3           Indemnification.  Each
party shall indemnify, defend and hold harmless the other party, its directors, officers, employees and agents and their respective
successors, heirs and assigns (the "Indemnitees") against any liability, damage, loss or expense (including
reasonable attorneys' fees and expenses of litigation) incurred by or imposed upon the Indemnitees, or any one of them, in connection
with any claims, suits, actions, demands or judgments relating to, or arising out of (a) any breach of the indemnifying
party's representations, warranties, agreements or covenants in this Agreement, including without limitation the confidentiality
obligations set forth above, and (b) any other activities to be carried out by the indemnifying party, its Affiliate(s)
or agents.

 

Article 7 - Assignability

 

Except as expressly set forth in this Agreement,
this Agreement shall not be assignable by SELECT-TV SOLUTIONS, INC. and any attempt to assign (directly or indirectly) this Agreement
shall be void ab initio.  

 

Article 8 - Term and Termination

 

8.1           Term.  This
Agreement will become effective on the date of its execution by SELECT-TV SOLUTIONS, INC. and SELECT-TV SOLUTIONS (USA), INC.,
unless terminated under another specific provision of this Agreement or extended by mutual consent of such parties.

 

8.2           Survival.  Termination
of this Agreement for whatever reason shall be without prejudice to the settlement of the rights and obligations of the parties
arising out of this Agreement prior to the date of termination, including, without limitation:  (a) obligations
of indemnity, (b) any cause of action or claim accrued or to accrue because of any breach or default by the other party
hereunder, (c) obligations of confidentiality and (d) all of the terms, provisions, representations, rights and obligations
contained in this Agreement that by their sense and context are intended to survive until performance thereof by either or both
parties.

 

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Article 9 – Representations
& Warranties

 

9.1SELECT-TV SOLUTIONS, INC.
hereby represents and warrants as follows:

 

a)        CORPORATE
ORGANIZATION AND GOOD STANDING.  SELECT-TV SOLUTIONS, INC. is duly organized, validly existing, and in good standing
under the laws of the State of Nevada and is qualified to do business as a foreign corporation in each jurisdiction, if any, in
which its property or business requires such qualification.

 

b)        
CORPORATE AUTHORITY.  SELECT-TV SOLUTIONS, INC. has all requisite corporate power and authority to own, operate and
lease its properties, to carry on its business as it is now being conducted and to execute, deliver, perform and conclude the transactions
contemplated by this Agreement and all other agreements and instruments related to this Agreement.

 

c)        AUTHORIZATION.  Execution
of this Agreement has been duly authorized and approved by SELECT-TV SOLUTIONS, INC. via its Board Resolution and Shareholders
to that effect.

 

d)           CAPITALIZATION.  The
authorized capital stock of SELECT-TV SOLUTIONS, INC. consists of 500,000,000 shares of Common Stock $0.001 par value. At current,
immediately prior to the Merger there are 54,134,000 shares issued and outstanding, all of which are duly authorized, validly issued,
fully paid and non-assessable and none of which were issued in violation of any preemptive rights; (ii) no shares of SELECT-TV
SOLUTIONS, INC. were reserved for issuance upon the exercise of outstanding options, warrants or other rights to purchase shares;
and (iii) no shares of SELECT-TV SOLUTIONS, INC. stock were held in the treasury of SELECT-TV SOLUTIONS, INC.  Except
as set forth above, as of the date hereof, no shares or other voting securities of SELECT-TV SOLUTIONS, INC. are issued, reserved
for issuance or outstanding and no shares or other voting securities of SELECT-TV SOLUTIONS, INC. shall be issued or become outstanding
after the date hereof.  There are no bonds, debentures, notes or other indebtedness or securities of SELECT-TV SOLUTIONS,
INC. that have the right to vote (or that are convertible into, or exchangeable for, securities having the right to vote) on any
matters on which stockholders of SELECT-TV SOLUTIONS, INC. may vote. Further, SELECT-TV SOLUTIONS, INC. has no contract or other
obligation to repurchase, redeem or otherwise acquire any shares of SELECT-TV SOLUTIONS, INC. stock, or make any investment (in
the form of a loan, capital contribution or otherwise) in any other Person.  There are no outstanding subscriptions,
options, warrants, puts, calls, rights, exchangeable or convertible securities or other commitments or agreements of any character
relating to the issued or unissued shares or other securities of SELECT-TV SOLUTIONS, INC.  None of the outstanding equity
securities or other securities of SELECT-TV SOLUTIONS, INC. was issued in violation of the Securities Act of 1933 or any other
legal requirement.

 

e)           LITIGATION.  To
the knowledge of SELECT-TV SOLUTIONS, INC., there are no pending, threatened, or existing litigation, bankruptcy, criminal, civil,
or regulatory proceeding or investigation, threatened or contemplated against SELECT-TV SOLUTIONS, INC.

 

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f)           FINANCIAL
STATEMENTS.

 

(i)
SELECT-TV SOLUTIONS (USA), INC. has had the ability to review SELECT-TV SOLUTIONS, INC.’s filings on the SEC website Edgar
showing true and complete copies of the audited financial statements of SELECT-TV SOLUTIONS, INC. for its past two fiscal
years.

 

(ii) The SELECT-TV
SOLUTIONS, INC. Financial Statements were prepared in accordance with IFRS or the equivalent applied on a basis consistent throughout
the periods indicated (except as otherwise stated in such financial statements, including the related notes, and except that, in
the case of unaudited statements for the subsequent quarterly periods referenced above, such unaudited statements fairly present
in all material respects the consolidated financial condition and the results of operations of the Company as at the respective
dates thereof and for the periods indicated therein (subject, in the case of unaudited statements, to year-end audit adjustments).

 

g) ABSENCE OF CERTAIN CHANGES OR
EVENTS.  Since the end of its most recent fiscal year and to the date of this Agreement, (i) SELECT-TV
SOLUTIONS, INC. has, in all material respects, conducted its business in the ordinary course consistent with past practice; (ii) there
has not occurred any change, event or condition that is or would reasonably be expected to result in a material adverse effect;
and (iii) SELECT-TV SOLUTIONS, INC. has not taken and will not take any of the actions that SELECT-TV SOLUTIONS, INC.
has agreed not to take from the date hereof through the Closing.

 

h) UNDISCLOSED LIABILITIES.  SELECT-TV
SOLUTIONS, INC. has no material obligations or liabilities of any nature (whether accrued, matured or unmatured, fixed or contingent
or otherwise) other than (i) those set forth or adequately provided for in the consolidated balance sheet (and the related
notes thereto) of SELECT-TV SOLUTIONS, INC. as of the end of the most recent fiscal year included in the SELECT-TV SOLUTIONS, INC.
Financial Statements, (ii) those incurred in the ordinary course of business consistent with past practice since the end
of the most recent fiscal year, and (iii) those incurred in connection with the execution of this Agreement.

 

i) LEGAL PROCEEDINGS.  SELECT-TV
SOLUTIONS, INC. is not a party to any, and there is no pending or, to the knowledge of SELECT-TV SOLUTIONS, INC., threatened, legal,
administrative, arbitral or other proceeding, claim, action or governmental or regulatory investigation of any nature against SELECT-TV
SOLUTIONS, INC., or any of its officers or directors which, if decided adversely to SELECT-TV SOLUTIONS, INC., would, individually
or in the aggregate, be material to SELECT-TV SOLUTIONS, INC.  There is no injunction, order, judgment or decree imposed
upon SELECT-TV SOLUTIONS, INC., or any of its officers or directors, or the assets of SELECT-TV SOLUTIONS, INC.

 

9.2REPRESENTATIONS AND WARRANTIES
OF SELECT-TV SOLUTIONS (USA), INC.  SELECT-TV SOLUTIONS (USA), INC. represents and warrants as follows:

 

a)        CORPORATE
ORGANIZATION AND GOOD STANDING.  SELECT-TV SOLUTIONS (USA), INC. is duly organized, validly existing, and in good
standing under the laws of the State of Florida and is qualified to do business as a foreign corporation in each jurisdiction,
if any, in which its property or business requires such qualification.

 

    	15

    	 

    

 

b)        
CORPORATE AUTHORITY.  SELECT-TV SOLUTIONS (USA), INC. has all requisite corporate power and authority to own, operate
and lease its properties, to carry on its business as it is now being conducted and to execute, deliver, perform and conclude the
transactions contemplated by this Agreement and all other agreements and instruments related to this Agreement.

 

c)        AUTHORIZATION.  Execution
of this Agreement has been duly authorized and approved by SELECT-TV SOLUTIONS (USA), INC. via its Board Resolution and Shareholders
to that effect.

 

d)        LITIGATION.  To
the knowledge of SELECT-TV SOLUTIONS (USA), INC., and except as already disclosed by SELECT-TV SOLUTIONS (USA), INC. to the Company,
there are no pending, threatened, or existing litigation, bankruptcy, criminal, civil, or regulatory proceeding or investigation,
threatened or contemplated against Company.

 

e) ABSENCE OF CERTAIN CHANGES OR
EVENTS.  Since the end of its most recent fiscal year and to the date of this Agreement, (i) SELECT-TV SOLUTIONS
(USA), INC has, in all material respects, conducted its business in the ordinary course consistent with past practice; (ii)
there has not occurred any change, event or condition that is or would reasonably be expected to result in a material adverse effect;
and (iii) SELECT-TV SOLUTIONS (USA), INC. has not taken and will not take any of the actions that SELECT-TV SOLUTIONS
(USA), INC. has agreed not to take from the date hereof through the Closing.

 

f) UNDISCLOSED LIABILITIES.  SELECT-TV
SOLUTIONS (USA), INC. has no material obligations or liabilities of any nature (whether accrued, matured or unmatured, fixed or
contingent or otherwise) other than (i) those set forth or adequately provided for in the consolidated balance sheet (and
the related notes thereto) of ORIANA TECHNOLOGIES, INC. as of the end of the most recent fiscal year  included in the
ORIANA TECHNOLOGIES, INC. Financial Statements, (ii) those incurred in the ordinary course of business consistent with past
practice since the end of the most recent fiscal year  and (iii) those incurred in connection with the execution
of this Agreement.

 

g) LEGAL PROCEEDINGS.  SELECT-TV
SOLUTIONS (USA), INC. is not a party to any, and there is no pending or, to the knowledge of SELECT-TV SOLUTIONS (USA), INC., threatened,
legal, administrative, arbitral or other proceeding, claim, action or governmental or regulatory investigation of any nature against
SELECT-TV SOLUTIONS (USA), INC., or any of its officers or directors which, if decided adversely to SELECT-TV SOLUTIONS (USA),
INC., would, individually or in the aggregate, be material to SELECT-TV SOLUTIONS (USA), INC.  There is no injunction,
order, judgment or decree imposed upon SELECT-TV SOLUTIONS (USA), INC., or any of its officers or directors, or the assets of SELECT-TV
SOLUTIONS (USA), INC.

 

    	16

    	 

    

 

Article 10 - Miscellaneous

 

10.1           Notices.  Any
notice or other communication to be given under this Agreement shall be in writing and shall be deemed to have been duly given
when delivered personally or deposited in the United States mail, certified or registered with return receipt, or sent by courier
requiring proof of receipt, addressed as follows:

 

 

	To:	SELECT-TV SOLUTIONS, INC.
	 	Espirito Santo Plaza
	 	1395 Brickell Avenue
	 	Suite 800
	 	Miami, Florida
	 	33131, USA
	 	Email: support@selectv.co
	 	 
	To:	SELECT-TV SOLUTIONS (USA), INC.:
	 	Espirito Santo Plaza
	 	1395 Brickell Avenue
	 	Suite 800
	 	Miami, Florida
	 	33131, USA
	 	Email: support@selectv.co

 

or to such other address as either party
shall designate by written notice, similarly given, to the other party.  If sent by telex, facsimile, email or other
electronic media, an original confirmation copy must be sent within thirty (30) days by means listed above.

 

10.2           Governing
Law; Jurisdiction and Venue.  This Agreement shall be governed by the internal laws of the State of Nevada (without
regard to conflict of law provisions); except that questions affecting the construction and effect to any patent shall be determined
by the law of the country in which the patent has been granted.  Arbitration. In the event of any controversy
among the parties hereto arising out of, or relating to, this Agreement, which cannot be settled amicably by the parties, such
controversy shall be settled by Arbitration. Both sides shall choose a mutually agreed upon competent jurist from a short list
and informal Arbitration shall commence as expeditiously as possible. Either party may institute such arbitration proceeding by
giving written notice to the other party. A hearing shall be held by the Arbitrator within 10 miles of Washington, DC, and a decision
of the matter submitted to the Arbitrator shall be biding and enforceable against all parties in any Court of competent jurisdiction.
The prevailing party shall be entitled to all costs and expenses with respect to such arbitration, including reasonable attorneys'
fees. The decision of the Arbitrator shall be final, binding upon all parties hereto and enforceable in any Court of competent
jurisdiction. Each party hereto irrevocably waives any objection to the laying of venue of any such Arbitration action or proceeding
brought and irrevocably waives any claim that any such action brought has been brought in an inconvenient forum. Each of the parties
hereto waives any right to request a trial by jury in any litigation with respect to this agreement and represents that counsel
has been consulted specifically as to this waiver.

 

10.3           Waiver.  Except
as specifically provided for herein, the waiver from time to time by either party of any of its rights or a party's failure to
exercise any remedy shall not operate or be construed as a continuing waiver of same or of any other of such party's rights or
remedies provided in this Agreement.

 

10.4           Enforceability.  If
any term, covenant or condition of this Agreement or the application thereof to any party or circumstance shall, to any extent,
be held to be invalid or unenforceable, then (a) the remainder of this Agreement, or the application of such term, covenant
or condition to the parties or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected
thereby and each term, covenant or condition of this Agreement shall be valid and be enforced to the fullest extent permitted by
law; and (b) the parties covenant and agree to renegotiate any such term, covenant or application thereof in good faith
in order to provide a reasonably acceptable alternative to the term, covenant or condition of this Agreement or the application
thereof that is invalid or unenforceable, and in the event that the parties are unable to agree upon a reasonable acceptable alternative,
then the parties agree that a submission to arbitration shall be made to establish an alternative to such invalid or unenforceable
term, covenant or condition of this Agreement or the application thereof, it being the intent that the basic purposes of this Agreement
are to be effectuated.

 

    	17

    	 

    

 

10.5           Entire
Agreement and Amendment.  This Agreement contains the entire understandings of the parties with respect to the
matters contained herein, and supersedes all prior agreements, oral or written, and all other communication between them relating
to the subject matter hereof.  The parties hereto may, from time to time during the continuance of this Agreement, modify,
vary or alter any of the provisions of this Agreement, but only by an instrument duly executed by authorized officers of the parties
hereto.

 

10.6           Headings.  The
headings of the several Articles and sections of this Agreement are intended for convenience of reference only and are not intended
to be a part of or to affect the meaning or interpretation of this Agreement.

 

10.7           Further
Instruments.  Each party agrees to execute, acknowledge and deliver such further instruments and to do all such
further acts as may be necessary or appropriate in order to carry out the purposes and intent of this Agreement.

 

10.8           Force
Majeure.  Performance of a party's obligations hereunder may be delayed if (a) such performance is delayed
by causes beyond that party's reasonable control, including, but not limited to, acts of God, war, riot, epidemics, fire, flood,
insurrection, or acts of civil or military authorities, and (b) such delaying party is at all times working diligently to
correct the matter causing the delay and otherwise performing as required under the Agreement.  Notwithstanding the foregoing,
the parties shall remain liable for all obligations incurred by them prior to any termination of this Agreement.

 

10.9           Counterparts.  This
Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement.  One
or more counterparts may be delivered via telecopier or emailed in portable document format (pdf) and any such telecopied or emailed
pdf counterpart shall have the same force and effect as an original counterpart hereto.

 

IN WITNESS WHEREOF, the parties
have executed this Agreement as an instrument under seal as of the date and year first written above, such that the Merger contemplated
hereby become effective from and as of the close of business on the 31st day of July, 2014.

 

 

 

	
        SELECT-TV SOLUTIONS, INC.
	
        SELECT-TV SOLUTIONS (USA),
INC.

	 	 
	 	 
	 	 
	By: /s/ Philippe Germain                       	By: /s/ Richard T. Groome                
	Philippe Germain, Director	Richard T. Groome

 

    	18

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