Document:

EXHIBIT 10.5

 

SHARE
EXCHANGE AGREEMENT

 

THIS
SHARE EXCHANGE AGREEMENT, dated as of May 12, 2014 (the “Agreement”), is entered into by and between ON-AIR
IMPACT, INC., a Nevada corporation (the “Company”), and EDWARD WHITEHOUSE (the “Stockholder”).

 

WITNESSETH:

 

WHEREAS,
Stockholder is the owner of an aggregate of Ten Million Ten Thousand (10,010,000) shares of common stock, par value $0.0001
per share (the “Common Stock”), of the Company;

 

WHEREAS,
Stockholder wishes to exchange Ten Million (10,000,000) shares of Common Stock of the Company for an aggregate of Two Million
(2,000,000) shares of Series A Convertible Preferred Stock, par value $0.0001 per share (the “Series A Convertible Preferred
Stock”), of the Company on a 1-for-5 basis (i.e., 1 share of Series A Convertible Preferred Stock for every 5 shares
of Common Stock) (the “Share Exchange”); and

 

WHEREAS,
Stockholder and the Company wish to effectuate the Share Exchange pursuant to Section 3(a)(9) of the Securities Act of 1933, as
amended (the “Securities Act”).

 

NOW,
THEREFORE, in consideration for the foregoing, the parties hereto agree as follows:

 

	1.	Stockholder
                                         and the Company hereby agree to exchange Ten Million (10,000,000) shares of Common Stock
                                         (the “Shares”) held by Stockholder for an aggregate of Two Million
                                         (2,000,000) shares of Series A Convertible Preferred Stock (the “Preferred Shares”)
                                         of the Company pursuant to Section 3(a)(9) of the Securities Act.

 

	2.	Concurrently
                                         with the execution and delivery of this Agreement, Stockholder shall deliver to the Company
                                         one or more certificates evidencing the Shares, with duly endorsed Stock Power(s), and
                                         the Company shall promptly issue one or more certificates evidencing the Preferred Shares
                                         to Stockholder.

 

	3.	Stockholder
                                         represents and warrants to, and covenants and agrees with the Company as follows:

 

		a.	Stockholder
                                         is authorized to enter into this Agreement and to consummate the Share Exchange.

 

		b.	Stockholder
                                         has not given anything nor will give anything in exchange for the Preferred Shares other
                                         than the Shares.

 

		c.	Stockholder
                                         is exchanging the Shares for the Preferred Shares for its own account for investment
                                         only and not with a view towards the public sale or distribution thereof and not with
                                         a view to or for sale in connection with any distribution thereof.

 

    	 

    	 

    

 

		d.	Stockholder
                                         is (i) an “accredited investor” as defined under Rule 501(a) of Regulation
                                         D promulgated under the Securities Act, and (ii) experienced in making investments of
                                         the kind described in this Agreement and the related documents, (iii) able to protect
                                         its own interests in connection with the transactions described in this Agreement, and
                                         the related documents, and (iv) able to afford the entire loss of its investment in the
                                         securities of the Company.

 

	4.	Stockholder
                                         and the Company hereby represent and warrant that no commission or other remuneration
                                         has been paid or given directly or indirectly for the solicitation of the Share Exchange.

 

	5.	The
                                         Company represents and warrants that it is authorized to enter into this Agreement and
                                         to consummate the Share Exchange and that the Preferred Shares, when issued in accordance
                                         with this Agreement, shall be fully paid, validly issued, and nonassessable, and
                                         not subject to any preemptive rights or any liens, claims, equities, encumbrances, or
                                         security interests or any restrictions on the transfer thereof other than those set forth
                                         in this Agreement, the Amended and Restated Certificate of Designations of the Series
                                         A Convertible Preferred Stock or imposed by law.

 

	6.	This
                                         Agreement shall be governed by and interpreted in accordance with the laws of the State
                                         of Nevada. A facsimile transmission of this signed Agreement shall be legal and binding
                                         on all parties hereto. This Agreement may be signed in one or more counterparts, each
                                         of which shall be deemed an original. The headings of this Agreement are for convenience
                                         of reference and shall not form part of, or affect the interpretation of, this Agreement.
                                         If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction,
                                         such invalidity or unenforceability shall not affect the validity or enforceability of
                                         the remainder of this Agreement or the validity or enforceability of this Agreement in
                                         any other jurisdiction. This Agreement may be amended only by an instrument in writing
                                         signed by the party to be charged with enforcement. This Agreement, and the Shares attached
                                         hereto, contains the entire agreement of the parties with respect to the subject matter
                                         hereto, superseding all prior agreements, understandings or discussions.

 

	7.	This
                                         Agreement may be executed in two or more counterparts, each of which shall be deemed
                                         an original, but all of which taken together shall constitute one and the same instrument.
                                         Telecopied or email (via PDF) signatures shall be deemed to have the same effect as an
                                         original.

  

[SIGNATURE
PAGE TO FOLLOW]

 

    	Share Exchange Agreement - On-Air Impact, Inc. - Edward Whitehouse	Page 2

    	 

    

 

IN
WITNESS WHEREOF, the Company and Stockholder have caused this Agreement to be executed by their duly authorized representatives
on the date as first written above.

 

	 	ON-AIR
    IMPACT, INC.
	 	 	 
	 	By:	/s/
    Joel Falitz
	 	 	Joel
    Falitz
	 	 	President
    and Chief Executive Officer
	 	 	 
	 	STOCKHOLDER:
	 	 	 
	 	/s/
    Edward Whitehouse
	 	Edward
    Whitehouse

 

    	Share Exchange Agreement - On-Air Impact, Inc. - Edward Whitehouse	Page 3EXHIBIT 10.6

 

SHARE
REDEMPTION AGREEMENT

 

THIS
SHARE REDEMPTION AGREEMENT, dated May 12, 2014 (this “Agreement”), by and between ON-AIR IMPACT, INC.,
a Nevada corporation (the “Company”), and EDWARD WHITEHOUSE (the “Stockholder”).

 

WITNESSETH:

 

WHEREAS,
the Stockholder currently owns an aggregate of Two Million (2,000,000) shares of Series A Convertible Preferred
Stock, par value $0.0001 per share (the “Shares”), of the Company; and

 

WHEREAS,
the Company desires to redeem One Hundred Thirty One Thousand Three Hundred Seventy (131,370) of the Shares of the
Company held by the Stockholder from the Stockholder and the Stockholder wishes to have such shares redeemed by the Company on
the terms and conditions set forth herein.

 

NOW,
THEREFORE, for and in consideration of the foregoing premises, mutual agreements and covenants herein set forth, and for other
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally
bound hereby, agree as follows:

 

1.
Redemption. Effective as of the date hereof, the Stockholder hereby surrenders One Hundred Thirty One Thousand Three
Hundred Seventy (131,370) of the Shares to the Company for redemption, and agrees to deliver any and all certificates
representing such Shares accompanied by stock powers duly executed in blank (the “Certificates”) to the Company.

 

2.
Payment. The Company shall pay, as the purchase price for the redemption of the Shares, an amount equal to Twenty
Six Thousand Two Hundred Seventy Four United States Dollars and No Cents (US$26,274.00), which amount shall be paid in
cash or its equivalent on the date hereof.

 

3.
Representation and Warranties of the Stockholder. The Stockholder hereby represents and warrants to the Company that (a)
the Stockholder has full legal right, power and capacity to execute and deliver this Agreement and to perform such Stockholder’s
obligations hereunder and thereunder, (b) the Stockholder now owns the Shares free and clear of all liens, encumbrances, and claims
of others, and that the Stockholder has the right to transfer and deliver the Shares to the Company for redemption in accordance
with the terms of this Agreement, (c) the Stockholder has such knowledge of the business and financial affairs of the Company
and possess a sufficient degree of sophistication, knowledge and experience in financial and business matters such that it is
capable of evaluating the sale of the Shares and the economic risks of having same redeemed by the Company, (d) the Stockholder
acknowledges that he has had full opportunity to ask questions and receive answers concerning the terms and conditions of this
redemption; and (e) the Stockholder has no other interest in the Company other than the Shares.

 

    	Share Redemption Agreement - On Air Impact, Inc. - Edward Whitehouse	Page 1

    	 

    

 

4.
Further Assurances. The Company and the Stockholder shall execute and deliver such additional instruments and documents
as may reasonably be requested by the Company or the Stockholder in order to carry out the purposes and intent of this Agreement
and to fulfill the respective obligations of the Company and the Stockholder under this Agreement.

 

5.
Entire Agreement. This Agreement (along with the documents referred to in this Agreement) contains the entire understanding
and agreement of the parties with respect to the transaction covered hereby and supersedes all other understandings and agreements
between the parties, oral or written, relating to the subject matter of this Agreement. No modification, alteration or amendment
of this Agreement and no waiver of any provision of this Agreement shall be valid or effective unless in writing executed by the
Company and the Stockholder.

 

6.
Binding Agreement. This Agreement shall be binding upon, inure to the benefit of, and apply to the respective heirs, personal
representatives, successors, and the assigns of the parties hereto.

 

7.
Construction. This Agreement shall be construed and enforced in accordance with the substantive laws of the State of Nevada,
without regard to conflicts of laws principles. The language of all parts of this Agreement shall in all cases be construed as
a whole, according to its fair meaning, and not strictly for or against any of the signatory parties.

 

8.
Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original
copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. Telecopied
or email (via PDF) signatures shall be deemed to have the same effect as an original.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on this day and year first above written.

 

	 	ON-AIR
    IMPACT, INC. 
	 	 
	 	By:
	/s/
    Joel Falitz
	 	Name:	Joel
    Falitz
	 	Title:	President
    and Chief Executive Officer
	 	 	 
	 	STOCKHOLDER:
	 	 
	 	/s/
    Edward Whitehouse
	 	Edward
    Whitehouse

    	Share Redemption Agreement - On Air Impact, Inc. - Edward Whitehouse	Page 2

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