Document:

Exhibit 10.1 - Form of Promissory Note Conversion and Common Stock Purchase
      Agreement

    
      

      

    

    
      Exhibit
        10.1

      CHAPEAU,
        INC.

      

      PROMISSORY
        NOTE CONVERSION AND 

      COMMON
        STOCK PURCHASE AGREEMENT

       

      This
        Promissory Note Conversion And Common Stock Purchase Agreement (“Agreement”) is
        entered into on December 31, 2006, with an effective date of December 31,
        2006
        (“Effective Date”), by and between Chapeau, Inc., a Utah corporation (the
“Company”), and _____________________________ (“Purchaser”).

       

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

       

      1.    Conversion;
        and Issuance of Common Stock.
        Subject
        to the terms and conditions of this Agreement:

      

      (a)   The
        Company and the Purchaser hereby agree that on the Effective Date any and
        all
        principal sum outstanding as of the Effective Date owing by the Company to
        the
        Purchaser under that certain Convertible Promissory Note, effective _____________________,
        by and
        between the Company, as debtor, and the Purchaser, as lender (the “Note”), shall
        be converted into shares of the Company’s common stock, par value $0.001 per
        share (“Common Stock”), at a conversion price equal to $1.25
        per
        share, upon the execution of this Agreement by the Company and the Purchaser
        and
        the receipt by the Company of the original of the Note for cancellation by
        the
        Company.  

      

      (b)   The
        Company hereby agrees to issue to and in the name of the Purchaser and cause
        such issuance to be recorded on the books and records of the Company, and
        the
        Purchaser hereby agrees to receive and accept from the Company, ____________
        (_____________)
        shares
        of Common Stock, in consideration for conversion and cancellation of the
        Note
        representing an aggregate of ___________________
        ($___________)
        of
        principal on the Note. No fractional shares of Common Stock shall be issued
        upon
        conversion of the Note. In lieu of the Company issuing any fractional shares
        of
        Common Stock to the Purchaser upon the conversion, the Company shall pay
        to the
        Purchaser in cash an amount equal to the product obtained by multiplying
        the
        applicable conversion price set forth in Section 1(a) above, by the fractional
        interest of shares of Common Stock otherwise owing to the Purchaser upon
        conversion.

      

      (c)   In
        further consideration for the cancellation of the Note, the Company hereby
        agrees to pay the Purchaser an aggregate of ______________
        ($___________)
        in
        installments on such dates and in such dollar amounts as is set forth on
        Appendix I attached hereto and incorporated herein.

      

      (d)   In
        conjunction with the conversion, Company and Purchaser agree to take any
        and all
        such actions as shall be necessary to release the security interest in the
        Company’s assets created upon execution, including, but not limited to, all
        requisite filings under the Uniform Commercial Code.

      

      
        
          
          

        

        
          Page
            1

          
            

          

        

        
          
          

        

      

      (e)   Upon
        conversion in accordance with this Section 1, the Note shall be of no further
        force and effect and the Company shall be forever released from any and all
        of
        its obligations and liabilities under the Note. 

       

      2.    Restriction
        Against Transfer.
        Purchaser agrees that it will not transfer, assign, hypothecate, or in any
        way
        dispose of any of the Common Stock, or any right or interest therein, whether
        voluntarily or by operation of law, or by gift or otherwise, without the
        prior
        written consent of the Company, except to the extent that a transfer is made
        in
        accordance with the terms of this Agreement. Any purported transfer in violation
        of any provision of this Agreement shall be void and ineffectual, and shall
        not
        operate to transfer any interest or title to the purported
        transferee.

       

      3.    Obligations
        of Subsequent Transferees.
        On the
        occurrence of a transfer of any Common Stock pursuant to the terms of this
        Agreement, the transferee shall execute an agreement to be bound by the
        restrictions on transfer set forth in this Agreement.

      

      4.    Notices.
        All
        notices required or desired to be given pursuant to this Agreement shall
        be in
        writing and shall be personally served (including by commercial delivery
        or
        courier service) or given by mail. Any notice given by mail shall be deemed
        to
        have been given and received when ninety-six (96) hours have elapsed from
        the
        time such notice was deposited in the United States mails, certified or
        registered and first-class postage prepaid, addressed, if intended to a party
        to
        this Agreement, at the address set forth below its signature or to such other
        address as such party may have designated by like written notice to each
        of the
        other parties from time to time.

       

      5.    Restriction
        on Certificates.
        All
        certificates representing Common Stock subject to the provisions of this
        Agreement shall have endorsed thereon, among others, the following
        legends:

      

      (a)   “THESE
        SHARES OF COMMON STOCK HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN
        REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE
        SECURITIES LAWS OF THE VARIOUS STATES, AND HAVE BEEN ISSUED AND SOLD PURSUANT
        TO
        AN EXEMPTION FROM THE ACT, AND MAY NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED
        BY THE HOLDER THEREOF AT ANY TIME, EXCEPT (1) PURSUANT TO AN EFFECTIVE
        REGISTRATION STATEMENT, FILED UNDER THE ACT COVERING THE SHARES OF COMMON
        STOCK,
        OR (2) UPON DELIVERY TO THE CORPORATION OF AN OPINION OF COUNSEL
        SATISFACTORY TO THE CORPORATION THAT THE SHARES OF COMMON STOCK MAY BE
        TRANSFERRED WITHOUT REGISTRATION”; and

       

      
        
          
          

        

        
          Page
            2

          
            

          

        

        
          
          

        

      

      (b)   Any
        other
        legend required to be placed thereon by state and federal securities
        authorities.

       

      6.    Purchaser
        Representations and Warranties.
        Purchaser acknowledges that the Common Stock has not been registered under
        the
        Securities Act of 1933, as amended, (the “Act”) in reliance upon certain
        exemptions from registration under the Act. In connection therewith, Purchaser
        represents and warrants to the Company as follows:

       

      (a)   Purchaser
        either has a preexisting personal or business relationship with the Company
        or
        its officers, directors or controlling persons, or by reason of its business
        or
        financial experience or the business or financial experience of its professional
        advisors who are unaffiliated with and who are not compensated by the Company
        or
        any affiliate or selling agent of the Company, directly or indirectly, could
        be
        reasonably assumed to have the capacity to protect its own interests in
        connection with the transaction contemplated by this Agreement. 

       

      (b)   Purchaser
        is an “accredited investor” as defined in Regulation D promulgated under the
        Act.

       

      (c)   Purchaser
        recognizes that an investment in the Company involves substantial risks.
        Purchaser has taken full cognizance of and understands all of the risks related
        to the acquisition of the Common Stock. Purchaser acknowledges that it has
        successfully considered and has, to the extent Purchaser believes such
        discussion necessary, discussed with Purchaser’s professional, legal, financial
        and tax advisers, the suitability of an investment in the Company’s Common Stock
        for Purchaser’s particular financial and tax situation and has determined that
        the Common Stock is a suitable investment for him.

       

      (d)   Purchaser
        acknowledges that it has had the opportunity to ask questions of, and receive
        answers from, representatives of the Company concerning the terms and conditions
        of this Agreement and its investment in the Common Stock of the Company.
        Any
        questions raised by Purchaser have been answers to the satisfaction of
        Purchaser. The Company has made available to Purchaser all documents and
        information that Purchaser has requested relating to an investment in the
        Common
        Stock of the Company.

       

      (e)   Purchaser
        represents and warrants to the Company that it is acquiring the Common Stock
        for
        its own account, for investment only, and not with a view to, or for resale
        in
        connection with, any distribution thereof. Purchaser represents and warrants
        that it does not have any present intention of selling or otherwise transferring
        the Common Stock or any interest therein. Purchaser acknowledges and agrees
        that
        the Common Stock may not be sold, transferred, pledged or otherwise disposed
        of
        without registration under the Act and applicable state securities laws or
        in
        accordance with applicable exemptions therefrom.

      

      
        
          
          

        

        
          Page
            3

          
            

          

        

        
          
          

        

      

      (f)    Purchaser
        acknowledges that no representations, warranties, covenants or promises have
        been made concerning the marketability or value of the Common Stock. The
        Company
        has not agreed with, represented or covenanted to Purchaser that the Common
        Stock will be purchased or redeemed from Purchaser at any time in the future.
        There have been no representations, warranties, promises, covenants or
        agreements that the Common Stock will be registered under the Act at any
        time in
        the future or otherwise qualified for sale under applicable securities laws.
        Purchaser acknowledges that it may be required to bear the economic risk
        of an
        investment in the Company’s Common Stock for an indefinite period of
        time.

       

      (g)   The
        representations and warranties made by Purchaser herein are made by Purchaser
        with the intent that they be relied upon by the Company in determining the
        suitability of Purchaser as an acquirer of the Common Stock. In addition,
        Purchaser undertakes to notify the Company immediately of any change in any
        representation, warranty or other information relating to Purchaser set forth
        herein. Purchaser hereby agrees that such representations and warranties
        and any
        agreement, undertakings and acknowledgments herein shall survive the acquisition
        of the Common Stock, and Purchaser hereby agrees to indemnify the Company,
        each
        of its affiliates and each of its and their respective officers and directors
        and hold them harmless from and against any and all loss, damages, liability
        or
        expense, including costs and reasonable attorneys’ fees, which they may incur by
        reason of or in connection with any misrepresentation or breach of
        representation, warranty or covenant of Purchaser set forth in this
        Agreement.

       

      7.    Federal
        Law Restrictions on Transfer.
        Without
        in any way limiting the representations and warranties set forth above or
        reducing any rights of the Company herein, Purchaser agrees not to make any
        disposition of all or any portion of the Common Stock unless and
        until:

       

      (a)   There
        is
        then in effect a registration statement under the Act covering such proposed
        disposition and such disposition is made in accordance with said registration
        statement; or

       

      (b)   Purchaser
        shall have notified the Company of the proposed disposition and shall have
        furnished the Company with a detailed statement of the circumstances surrounding
        the proposed disposition, and, if so requested by the Company, shall have
        furnished the Company with an opinion of Purchaser’s counsel to the effect that
        such disposition will not require registration of such shares under the Act,
        and
        such opinion of counsel shall have been concurred in by counsel for the Company
        and the Company shall have advised Purchaser of such concurrence.

       

      8.    Stop
        Transfer Instructions; Refusal to Transfer.
        Purchaser agrees that in order to ensure compliance with the restrictions
        referred to herein, the Company may issue appropriate “stop transfer”
instructions to its transfer agent, if any, with respect to such certificates
        or
        instruments and, if the Company transfers its own securities, it may make
        appropriate notations to the same effect in its own records. The Company
        shall
        not be required (i) to transfer on its books any Common Stock that has been
        sold or otherwise transferred in violation of any of the provisions of this
        Agreement or any other restrictions on transfer then applicable to the Common
        Stock or (ii) to treat as owner of such Common Stock or to accord the right
        to vote or pay dividends to any purchaser or other transferee to whom such
        Common Stock shall have been so transferred.

      

      
        
          
          

        

        
          Page
            4

          
            

          

        

        
          
          

        

      

      9.    Market
        Stand-Off.
        In
        connection with any underwritten public offering by the Company of its equity
        securities pursuant to an effective registration statement filed under the
        Act,
        Purchaser agrees not to sell, make any short sale of, loan, hypothecate,
        pledge,
        grant any option for the purchase of, or otherwise dispose of or transfer
        for
        value or otherwise agree to engage in any of the foregoing transactions with
        respect to the Common Stock without the prior written consent of the Company
        or
        its underwriters, for such period of time from and after the effective date
        of
        such registration statement as may be requested by the Company or such
        underwriters.

       

      10.  
          Piggy-back
        Registration Rights.
        

       

      (a)   If
        (but
        without any obligation to do so) the Company proposes to register (including
        for
        this purpose a registration effected by the Company for stockholders other
        than
        Purchaser) any of its securities under the Act in connection with the public
        offering of such securities solely for cash (other than a registration (i)
        on
        Form S-8 or any form which does not include substantially the same information
        as would be required to be included in a registration statement covering
        the
        sale of the Common Stock, or (ii) with respect to an employee benefit plan,
        or
        (iii) solely in connection with a Rule 145 transaction under the Act), the
        Company shall, each such time, promptly give Purchaser written notice of
        such
        registration together with a list of the jurisdictions in which the Company
        intends to attempt to qualify such securities under applicable state securities
        laws. Upon the written request of Purchaser given within twenty (20) business
        days after delivery of such written notice by the Company, the Company shall
        use
        its reasonable efforts to cause to be registered under the Act all of the
        Common
        Stock that Purchaser has requested to be registered. 

       

      (b)   In
        connection with an offering pursuant to Section 10(a) including an underwriting
        of shares of the Company’s capital stock, the right of Purchaser to registration
        pursuant to Section 10(a) shall be conditioned upon Purchaser’s participation in
        such underwriting and the inclusion of Purchaser’s Common Stock in the
        underwriting to the extent provided herein. Purchaser shall (together with
        the
        Company and any other stockholders distributing their securities through
        such
        underwriting) enter into an underwriting agreement in customary form with
        the
        underwriter or underwriters selected by the Company. Notwithstanding any
        other
        provision of Section 10(a), if the underwriter determines that market factors
        require a limitation of the number of shares to be underwritten, the underwriter
        may exclude some or all of the Common Stock from such registration and
        underwriting and the Company shall so advise all persons requesting
        registration.

       

      
        
          
          

        

        
          Page
            5

          
            

          

        

        
          
          

        

      

      11.     THE
        SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN
        QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA,
        AND
        THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF
        THE
        CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL UNLESS THE
        SALE
        OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTIONS 25100, 25102 OR 25105
        OF
        THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT
        ARE EXPRESSLY CONDITIONED UNLESS THE SALE IS SO EXEMPT.

      

      
        	 	
                12.

              	
                Miscellaneous.
                  

              

      

       

      (a)   Further
        Assurances.
        The
        parties agree to execute any additional instruments and to take any additional
        action as may reasonably be necessary to carry out the intent of this
        Agreement.

       

      (b)   Successors
        and Assigns.
        This
        Agreement shall inure to the benefit of the successors and assigns of the
        Company and, subject to the restrictions on transfer set forth in this
        Agreement, be binding upon Purchaser, its heirs, executors, administrators,
        successors, and assigns.

       

      (c)   Entire
        Agreement; Amendment.
        This
        Agreement, together with any exhibits hereto, constitute the entire agreement
        of
        the parties with respect to the subject matter hereof and thereof. No amendment
        or variation of the terms of this Agreement, with or without consideration,
        shall be valid unless made in writing and signed by all of the parties to
        this
        Agreement at the time of such amendment.

      

      (d)   Governing
        Law; Severability.
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of California as such laws are applied to agreements between California
        residents entered into and to be performed entirely in California. To the
        extent
        that any of the agreements set forth herein, or any word, phrase, clause,
        or
        sentence thereof shall be found to be illegal or unenforceable for any reason,
        such agreement, word, phrase, clause, or sentence shall be modified or, if
        necessary, deleted in such a manner so as to make the Agreement, as modified,
        legal and enforceable under applicable laws.

      

      (e)   Counterparts.
        This
        Agreement may be executed in counterparts, each of which when executed and
        delivered will be deemed to be an original but all of which taken together
        will
        constitute one and the same Agreement.

       

       

      [Remainder
        of Page Intentionally Left Blank]

      

      
        
          
          

        

        
          Page
            6

          
            

          

        

        
          
          

        

      

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

      

        
          	 	
                  Chapeau,
                    Inc.

                
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	
                  

                  Signed
                    by:  Guy
                    Archbold

                
	 	
                         
                    Title:  Chief
                    Executive Officer

                
	 	
                    Address:  1190
                    Suncast Lane, Suite 2

                
	 	                
                  El Dorado Hills, CA 95762
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	
                  Purchaser

                
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	
                  

                  Signed
                    by:  _______________

                
	
                   

                	
                          
                    Title:

                
	
                   

                	
                    
                    Address:

                

        

      

       

      

      

      

      

      

      

      

      

      

      

      
        
          
          

        

        
          Page
            7

          
            

          

        

        
          
          

        

      

      APPENDIX
        I

      

      Payment
        Schedule

      

      
        	
                DATE
                  OF PAYMENT

              	
                AMOUNT
                  OF PAYMENT

              
	 	 
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	 	
                $
                  

              
	
                Total

              	
                $
                  

              

      

      
 

       

       

       

       

       

       

       

       

       

       

       

       

       

      Page
        8Exhibit 10.2 - Promissory Note Conversion and Common Stock Purchase Agreement

    
      

      

    

    
      Exhibit
        10.2

      CHAPEAU,
        INC.

      

      PROMISSORY
        NOTE CONVERSION AND COMMON STOCK PURCHASE AGREEMENT

       

      This
        Promissory Note Conversion And Common Stock Purchase Agreement (“Agreement”) is
        entered into on December 31, 2006, with an effective date of December 31,
        2006
        (“Effective Date”), by and between Chapeau, Inc., a Utah corporation (the
“Company”), and the Gordon V. and Helen C. Smith Foundation
        (“Purchaser”).

       

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

       

      1.    Conversion;
        and Issuance of Common Stock.
        Subject
        to the terms and conditions of this Agreement:

      

      (a)    The
        Company and the Purchaser hereby agree on the Effective Date any and all
        principal, accrued and unaccrued interest now or hereinafter due and owing
        by
        the Company to the Purchaser under that certain Convertible Promissory Note,
        dated March 10, 2006, by and between the Company, as debtor, and the Purchaser,
        as lender (the “Note”), shall be converted into shares of the Company’s common
        stock, par value $0.001 per share (“Common Stock”), at a conversion price equal
        to $1.25 per share, upon the execution of this Agreement by the Company and
        the
        Purchaser and the receipt by the Company of the original of the Note for
        cancellation by the Company.  

      

      (b)    The
        Company hereby agrees to issue to and in the name of the Purchaser and cause
        such issuance to be recorded on the books and records of the Company, and
        the
        Purchaser hereby agrees to receive and accept from the Company, Three Million
        Fifty-Nine Thousand Nine Hundred Thirty-Eight (3,059,938) shares of Common
        Stock, in consideration for conversion and cancellation of the Note representing
        an aggregate of Three Million Eight Hundred Twenty-Four Thousand Nine Hundred
        Twenty-Three Dollars ($3,824,923) of principal, accrued and unpaid interest
        and
        unaccrued interest on the Note. No fractional shares of Common Stock shall
        be
        issued upon conversion of the Note. In lieu of the Company issuing any
        fractional shares of Common Stock to the Purchaser upon the conversion, the
        Company shall pay to the Purchaser in cash an amount equal to the product
        obtained by multiplying the applicable conversion price set forth in Section
        1(a) above, by the fractional interest of shares of Common Stock otherwise
        owing
        to the Purchaser upon conversion.

      

      (c)    In
        conjunction with the conversion, Company and Purchaser agree to take all
        such
        actions as shall be necessary to release the security interest in the Company’s
        assets created upon execution, including, but not limited to, all requisite
        filings under the Uniform Commercial Code.

      

      (d)    Upon
        conversion in accordance with this Section 1, the Note shall be of no further
        force and effect and the Company shall be forever released from any and all
        of
        its obligations and liabilities under the Note. 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      2.    Restriction
        Against Transfer.
        Purchaser agrees that it will not transfer, assign, hypothecate, or in any
        way
        dispose of any of the Common Stock, or any right or interest therein, whether
        voluntarily or by operation of law, or by gift or otherwise, without the
        prior
        written consent of the Company, except to the extent that a transfer is made
        in
        accordance with the terms of this Agreement. Any purported transfer in violation
        of any provision of this Agreement shall be void and ineffectual, and shall
        not
        operate to transfer any interest or title to the purported
        transferee.

       

      3.    Obligations
        of Subsequent Transferees.
        On the
        occurrence of a transfer of any Common Stock pursuant to the terms of this
        Agreement, the transferee shall execute an agreement to be bound by the
        restrictions on transfer set forth in this Agreement.

      

      4.    Notices.
        All
        notices required or desired to be given pursuant to this Agreement shall
        be in
        writing and shall be personally served (including by commercial delivery
        or
        courier service) or given by mail. Any notice given by mail shall be deemed
        to
        have been given and received when ninety-six (96) hours have elapsed from
        the
        time such notice was deposited in the United States mails, certified or
        registered and first-class postage prepaid, addressed, if intended to a party
        to
        this Agreement, at the address set forth below its signature or to such other
        address as such party may have designated by like written notice to each
        of the
        other parties from time to time.

       

      5.    Restriction
        on Certificates.
        All
        certificates representing Common Stock subject to the provisions of this
        Agreement shall have endorsed thereon, among others, the following
        legends:

      

      (a)    “THESE
        SHARES OF COMMON STOCK HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN
        REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE
        SECURITIES LAWS OF THE VARIOUS STATES, AND HAVE BEEN ISSUED AND SOLD PURSUANT
        TO
        AN EXEMPTION FROM THE ACT, AND MAY NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED
        BY THE HOLDER THEREOF AT ANY TIME, EXCEPT (1) PURSUANT TO AN EFFECTIVE
        REGISTRATION STATEMENT, FILED UNDER THE ACT COVERING THE SHARES OF COMMON
        STOCK,
        OR (2) UPON DELIVERY TO THE CORPORATION OF AN OPINION OF COUNSEL
        SATISFACTORY TO THE CORPORATION THAT THE SHARES OF COMMON STOCK MAY BE
        TRANSFERRED WITHOUT REGISTRATION”; and

       

      (b)    Any
        other
        legend required to be placed thereon by state and federal securities
        authorities.

       

      6.    Purchaser
        Representations and Warranties.
        Purchaser acknowledges that the Common Stock has not been registered under
        the
        Securities Act of 1933, as amended, (the “Act”) in reliance upon certain
        exemptions from registration under the Act. In connection therewith, Purchaser
        represents and warrants to the Company as follows:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (a)    Purchaser
        either has a preexisting personal or business relationship with the Company
        or
        its officers, directors or controlling persons, or by reason of its business
        or
        financial experience or the business or financial experience of its professional
        advisors who are unaffiliated with and who are not compensated by the Company
        or
        any affiliate or selling agent of the Company, directly or indirectly, could
        be
        reasonably assumed to have the capacity to protect its own interests in
        connection with the transaction contemplated by this Agreement. 

       

      (b)    Purchaser
        is an “accredited investor” as defined in Regulation D promulgated under the
        Act.

       

      (c)    Purchaser
        recognizes that an investment in the Company involves substantial risks.
        Purchaser has taken full cognizance of and understands all of the risks related
        to the acquisition of the Common Stock. Purchaser acknowledges that it has
        successfully considered and has, to the extent Purchaser believes such
        discussion necessary, discussed with Purchaser’s professional, legal, financial
        and tax advisers, the suitability of an investment in the Company’s Common Stock
        for Purchaser’s particular financial and tax situation and has determined that
        the Common Stock is a suitable investment for him.

       

      (d)    Purchaser
        acknowledges that it has had the opportunity to ask questions of, and receive
        answers from, representatives of the Company concerning the terms and conditions
        of this Agreement and its investment in the Common Stock of the Company.
        Any
        questions raised by Purchaser have been answers to the satisfaction of
        Purchaser. The Company has made available to Purchaser all documents and
        information that Purchaser has requested relating to an investment in the
        Common
        Stock of the Company.

       

      (e)    Purchaser
        represents and warrants to the Company that it is acquiring the Common Stock
        for
        its own account, for investment only, and not with a view to, or for resale
        in
        connection with, any distribution thereof. Purchaser represents and warrants
        that it does not have any present intention of selling or otherwise transferring
        the Common Stock or any interest therein. Purchaser acknowledges and agrees
        that
        the Common Stock may not be sold, transferred, pledged or otherwise disposed
        of
        without registration under the Act and applicable state securities laws or
        in
        accordance with applicable exemptions therefrom.

      

      (f)
            Purchaser
        acknowledges that no representations, warranties, covenants or promises have
        been made concerning the marketability or value of the Common Stock. The
        Company
        has not agreed with, represented or covenanted to Purchaser that the Common
        Stock will be purchased or redeemed from Purchaser at any time in the future.
        There have been no representations, warranties, promises, covenants or
        agreements that the Common Stock will be registered under the Act at any
        time in
        the future or otherwise qualified for sale under applicable securities laws.
        Purchaser acknowledges that it may be required to bear the economic risk
        of an
        investment in the Company’s Common Stock for an indefinite period of
        time.

       

      (g)    The
        representations and warranties made by Purchaser herein are made by Purchaser
        with the intent that they be relied upon by the Company in determining the
        suitability of Purchaser as an acquirer of the Common Stock. In addition,
        Purchaser undertakes to notify the Company immediately of any change in any
        representation, warranty or other information relating to Purchaser set forth
        herein. Purchaser hereby agrees that such representations and warranties
        and any
        agreement, undertakings and acknowledgments herein shall survive the acquisition
        of the Common Stock, and Purchaser hereby agrees to indemnify the Company,
        each
        of its affiliates and each of its and their respective officers and directors
        and hold them harmless from and against any and all loss, damages, liability
        or
        expense, including costs and reasonable attorneys’ fees, which they may incur by
        reason of or in connection with any misrepresentation or breach of
        representation, warranty or covenant of Purchaser set forth in this
        Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      7.    Federal
        Law Restrictions on Transfer.
        Without
        in any way limiting the representations and warranties set forth above or
        reducing any rights of the Company herein, Purchaser agrees not to make any
        disposition of all or any portion of the Common Stock unless and
        until:

       

      (a)    There
        is
        then in effect a registration statement under the Act covering such proposed
        disposition and such disposition is made in accordance with said registration
        statement; or

       

      (b)    Purchaser
        shall have notified the Company of the proposed disposition and shall have
        furnished the Company with a detailed statement of the circumstances surrounding
        the proposed disposition, and, if so requested by the Company, shall have
        furnished the Company with an opinion of Purchaser’s counsel to the effect that
        such disposition will not require registration of such shares under the Act,
        and
        such opinion of counsel shall have been concurred in by counsel for the Company
        and the Company shall have advised Purchaser of such concurrence.

       

      8.    Stop
        Transfer Instructions; Refusal to Transfer.
        Purchaser agrees that in order to ensure compliance with the restrictions
        referred to herein, the Company may issue appropriate “stop transfer”
instructions to its transfer agent, if any, with respect to such certificates
        or
        instruments and, if the Company transfers its own securities, it may make
        appropriate notations to the same effect in its own records. The Company
        shall
        not be required (i) to transfer on its books any Common Stock that has been
        sold or otherwise transferred in violation of any of the provisions of this
        Agreement or any other restrictions on transfer then applicable to the Common
        Stock or (ii) to treat as owner of such Common Stock or to accord the right
        to vote or pay dividends to any purchaser or other transferee to whom such
        Common Stock shall have been so transferred.

      

      9.    Market
        Stand-Off.
        In
        connection with any underwritten public offering by the Company of its equity
        securities pursuant to an effective registration statement filed under the
        Act,
        Purchaser agrees not to sell, make any short sale of, loan, hypothecate,
        pledge,
        grant any option for the purchase of, or otherwise dispose of or transfer
        for
        value or otherwise agree to engage in any of the foregoing transactions with
        respect to the Common Stock without the prior written consent of the Company
        or
        its underwriters, for such period of time from and after the effective date
        of
        such registration statement as may be requested by the Company or such
        underwriters.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	 	
                10.

              	
                Piggy-back
                  Registration Rights.
                  

              

      

       

      (a)    If
        (but
        without any obligation to do so) the Company proposes to register (including
        for
        this purpose a registration effected by the Company for stockholders other
        than
        Purchaser) any of its securities under the Act in connection with the public
        offering of such securities solely for cash (other than a registration (i)
        on
        Form S-8 or any form which does not include substantially the same information
        as would be required to be included in a registration statement covering
        the
        sale of the Common Stock, or (ii) with respect to an employee benefit plan,
        or
        (iii) solely in connection with a Rule 145 transaction under the Act), the
        Company shall, each such time, promptly give Purchaser written notice of
        such
        registration together with a list of the jurisdictions in which the Company
        intends to attempt to qualify such securities under applicable state securities
        laws. Upon the written request of Purchaser given within twenty (20) business
        days after delivery of such written notice by the Company, the Company shall
        use
        its reasonable efforts to cause to be registered under the Act all of the
        Common
        Stock that Purchaser has requested to be registered. 

       

      (b)    In
        connection with an offering pursuant to Section 10(a) including an underwriting
        of shares of the Company’s capital stock, the right of Purchaser to registration
        pursuant to Section 10(a) shall be conditioned upon Purchaser’s participation in
        such underwriting and the inclusion of Purchaser’s Common Stock in the
        underwriting to the extent provided herein. Purchaser shall (together with
        the
        Company and any other stockholders distributing their securities through
        such
        underwriting) enter into an underwriting agreement in customary form with
        the
        underwriter or underwriters selected by the Company. Notwithstanding any
        other
        provision of Section 10(a), if the underwriter determines that market factors
        require a limitation of the number of shares to be underwritten, the underwriter
        may exclude some or all of the Common Stock from such registration and
        underwriting and the Company shall so advise all persons requesting
        registration.

       

      11. 
          THE
        SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN
        QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA,
        AND
        THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF
        THE
        CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL UNLESS THE
        SALE
        OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTIONS 25100, 25102 OR 25105
        OF
        THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT
        ARE EXPRESSLY CONDITIONED UNLESS THE SALE IS SO EXEMPT.

      

      
        	 	
                12.

              	
                Miscellaneous.
                  

              

      

       

      (a)    Further
        Assurances.
        The
        parties agree to execute any additional instruments and to take any additional
        action as may reasonably be necessary to carry out the intent of this
        Agreement.

       

      (b)    Successors
        and Assigns.
        This
        Agreement shall inure to the benefit of the successors and assigns of the
        Company and, subject to the restrictions on transfer set forth in this
        Agreement, be binding upon Purchaser, its heirs, executors, administrators,
        successors, and assigns.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (c)    Entire
        Agreement; Amendment.
        This
        Agreement, together with any exhibits hereto, constitute the entire agreement
        of
        the parties with respect to the subject matter hereof and thereof. No amendment
        or variation of the terms of this Agreement, with or without consideration,
        shall be valid unless made in writing and signed by all of the parties to
        this
        Agreement at the time of such amendment.

      

      (d)    Governing
        Law; Severability.
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of California as such laws are applied to agreements between California
        residents entered into and to be performed entirely in California. To the
        extent
        that any of the agreements set forth herein, or any word, phrase, clause,
        or
        sentence thereof shall be found to be illegal or unenforceable for any reason,
        such agreement, word, phrase, clause, or sentence shall be modified or, if
        necessary, deleted in such a manner so as to make the Agreement, as modified,
        legal and enforceable under applicable laws.

      

      (e)    Counterparts.
        This
        Agreement may be executed in counterparts, each of which when executed and
        delivered will be deemed to be an original but all of which taken together
        will
        constitute one and the same Agreement.

       

      

       

      

       

      [Remainder
        of Page Intentionally Left Blank]

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

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

       

      
        	
                 

              	
                CHAPEAU,
                  INC.

                 

              
	
                 

              	
                By:
                  

              	
                                 
                  /s/ Guy A. Archbold 
                  

                

                Name:      
                  Guy
                  A. Archbold

              
	
                 

              	
                 

              	
                Title:         
                  Chief
                  Executive Officer

              
	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                Address:   
                  1190
                  Suncast Lane, Suite 2

              
	
                 

              	
                 

              	
                  
                  El Dorado Hills, CA 95762

              
	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                GORDON
                  V. AND HELEN C. SMITH FOUNDATION

                 

              
	
                 

              	
                By:
                  

              	
                           
                        /s/ Gordon V.
                  Smith           
                  
                  

                  Name:  
                        Gordon
                    V. Smith   

                

              
	
                 

              	
                 

              	
                Title:      
                    
                  President

              
	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	
                Address: 
                    8716
                  Crider Brook Way

              
	
                 

              	
                 

              	
                    
                  Potomac, MD 20854

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]