Document:

EXHIBIT 10.4

 

ADDENDUM TO 

JOINT WRITTEN CONSENT IN LIEU OF MEETING

OF THE BOARD OF DIRECTORS AND SHAREHOLDERS OF

APOLLO MEDIA NETWORK, INC. 

REGARDING ASSET ACQUISITION AGREEMENT

 

 

 

 

 

 

The Effective Date of the transaction shall be deemed to be
August 31, 2015, for all purposes hereunder.

The state of incorporation of Sibannac, Inc. is amended from
Colorado to Nevada.

 

 

 

Date: January 28, 2016

Kirk Kimerer

By:/s/ Kirk Kimerer                                               

           
Name:  Kirk Kimerer, Board of Directors

 

 

Date: January 28,
2016

Kirk Kimerer

By:/s/ Kirk Kimerer                                               

           
Name:  Kirk Kimerer, Shareholder

 

JOINT WRITTEN CONSENT
IN LIEU OF MEETING

OF THE BOARD OF
DIRECTORS AND SHAREHOLDERS OF

APOLLO MEDIA NETWORK,
INC.

As of June 30, 2015

The undersigned, constituting all of the members of the
Board of Directors (the "Board") of Apollo Media Network, Inc., a
Delaware corporation, (the "Corporation"), and all of the holders of
the Corporation's issued and outstanding Common Stock (the
"Shareholders"), hereby give their written consent and authorization,
in accordance with the provisions of Sections 141(0 and 228(a) of the General
Corporation Law of the State of Delaware, to the adoption of the following
resolutions, and the same are hereby adopted as of the date set forth above:

            1. Asset Acquisition Agreement

            WHEREAS, the Board and the Shareholders have each
reviewed and considered the proposed Asset Acquisition Agreement by and between
the Corporation and Sibannac, Inc. attached hereto as Exhibit A (including all
exhibits attached thereto, the "Acquisition Agreement"), and the
Assumption and Release Agreement between the Corporation and Sibannac, Inc.
related thereto (the "Assumption Agreement"; and together with the
Acquisition Agreement, the "Agreements"); and

            WHEREAS, the Board and the Shareholders have
each determined that it is in the best interests of the Corporation to adopt
and consummate the Agreements; it is hereby 

RESOLVED, that
the form, terms and provisions of the Agreements are hereby authorized and
approved by the Board and by the Shareholders in all respects, effective as of
the date hereof;

RESOLVED FURTHER,
that the President/Chief Executive Officer, Secretary and Treasurer of the
Corporation shall each be authorized, directed and empowered, for and on behalf
of the Corporation, to perform such acts as he or she deems necessary or appropriate
to execute and deliver the Agreements and consummate all of the transactions
contemplated thereby, and to do all things as may be deemed appropriate or
necessary to carry out the purpose of the foregoing resolutions and to carry
out the provisions of the Agreements.

            2. General Implementation

RESOLVED that the
President/Chief Executive Officer, Secretary and any other officer of the
Corporation, acting alone or with any other officer of the

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Apollo Joint Consent - Final

Corporation, be, and they hereby
are, authorized and directed, for and on behalf of the Corporation, to execute,
acknowledge and deliver such other agreements, documents, certificates, and
other instruments, and to take or cause to be taken such action, as they, or
any of them, may deem necessary or appropriate to carry out the transactions
contemplated by these resolutions and otherwise accomplish the purposes and
intent of these resolutions;

            The Secretary of the Corporation is hereby
directed to file this instrument with the minutes of the proceedings of the
directors and shareholders of the Corporation. The actions taken hereby shall
be of the same force and effect as if taken at a meeting of the directors and shareholders
of the Corporation, duly called and constituted pursuant to the laws of the
State of Delaware.

            This instrument may be executed in any number of
counterparts and by facsimile; all such counterparts shall be deemed to
constitute one and the same instrument, and each of said counterparts shall be
deemed an original hereof.

            IN WITNESS WHEREOF, the undersigned have
executed this Consent as of the date first written above.

Board of Directors:

 

/s/ Kirk Kimerer

Kirk Kimerer

 

Shareholders:

 

/s/ Kirk Kimerer

Kirk Kimerer

 

Exhibit:

A - Asset Acquisition Agreement

2

 

Apollo Joint Consent - Final

EXHIBIT A

ASSET ACQUISITION AGREEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apollo Joint Consent - FinalEXHIBIT 10.5

ADDENDUM TO ASSUMPTION AND RELEASE AGREEMENT

BY AND AMONG

SIBANNAC, INC., A
NEVADA CORPORATION

AND

APOLLO MEDIA
NETWORK, INC.

 

 

 

 

 

 

The Effective Date of the transaction shall be deemed to be
August 31, 2015, for all purposes hereunder.

The state of incorporation of Sibannac, Inc. is amended from
Colorado to Nevada.

 

 

 

Date: January 26, 2016

Sibannac, Inc.

 

By:/s/
Daniel L. Allen                                               

            Name:
Daniel L. Allen

            Title:  
Chief Executive Officer

 

Date: January 26,
2016

Apollo Media Network, Inc.

By:/s/ Kirk Kimerer                                               

           
Name:  Kirk Kimerer, CEO  

ASSUMPTION AND
RELEASE AGREEMENT

            This Assumption and Release Agreement (this
"Agreement") is entered into on August 31, 2015, to be effective as
of the 30th day of June, 2015, by and among APOLLO MEDIA NETWORK, INC., a
Delaware corporation ("Apollo"), and SIBANNAC, INC., a Colorado corporation
("SI"). (Apollo and SI are referred to herein as the
"Parties".)

Recitals:

            A. Pursuant to an Assignment, Assumption and
Release Agreement dated as of June 30, 2015, by and among Apollo, Kirk Kimerer
("Kimerer"), and certain other parties named therein, Apollo assumed
all of Kimerer's obligations and liabilities under the following loans and
related notes:

Loan(s) from Jayson
Lang ("Lang") in the amount of approximately $106,791 (the "Lang
Loan"), represented by one or more outstanding promissory notes from Kimerer
to Lang (the "Lang Notes")

Loan(s) from
Travis Hair ("Hair") in the amount of approximately $53,534 (the "Hair
Loan"), represented by one or more outstanding promissory notes from Kimerer
to Hair (the "Hair Notes")

Loan(s) from Ray
Bills ("Bills") in the amount of approximately $49,840 (the "Bills
Loan"), represented by one or more outstanding promissory notes from Kimerer
to Bills (the "Bills Notes")

Loan(s) from
Margaret Kerr ("Kerr") in the amount of approximately $44,029 (the
"Kerr Loan"), represented by one or more outstanding promissory notes
from Kimerer to Kerr (the "Kerr Notes")

The Lang Loan, the Hair Loan, the
Bills Loan and the Kerr Loan are collectively referred to as the
"Loans"; and the Lang Notes, the Hair Notes, the Bills Notes and the
Kerr Notes are collectively referred to as the "Investor Notes".)

B. Apollo and SI have agreed to enter into a transaction
whereby, as partial consideration for the assets of Apollo to be acquired by SI
in such transaction, SI has agreed to assume the debts of Apollo, including the Loans
and the Investor Notes.

NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is acknowledged by each of the Parties, the
Parties agree as follows:

Agreements:

            1. Recitals. The Recitals set forth above
and the Exhibits hereto are incorporated herein.

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SI/Apollo Assumption and Release Agreement -- Final

            2. Assumption of Loans. SI hereby fully,
unconditionally and irrevocably assumes all of Apollo's and Kimerer's
liabilities and obligations under all of the Loans and Investor Notes, and
agrees to fully release and indemnify Apollo and Kimerer from any and all
further liabilities or obligations under or with respect to any of the Loans
and Investor Notes, including all principal, interest and other amounts due thereunder,
whether arising or accruing before or after the date of this Agreement.

            3. Miscellaneous Provisions.

(a) Prior Agreements. This
Agreement and the other documents delivered pursuant hereto constitute the
entire contract between the Parties with respect to the subject matter hereof.
This Agreement supersedes all prior agreements and understanding between the Parties
with respect to its subject matter. Any revision, modification or termination
of this Agreement shall be effective only if in writing and signed by all of
the Parties hereto.

(b) Waiver. Failure to enforce any
provision of this Agreement by a Party shall not bar subsequent enforcement of
such provision or any other provision of this Agreement by such Party.

(c) Governing Law. This Agreement
and all other agreements contemplated hereunder shall be governed by and
construed under the laws of the State of Delaware. Any claim or charge made
hereunder shall be brought in state or federal court in Maricopa County, Arizona.
The parties hereto irrevocably consent to the jurisdiction and venue of such
court and waive any present or future objection to venue or jurisdiction in
such court.

(d) Counterparts. This Agreement
may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.

(e) Headings. The headings in this
Agreement are for convenience only, are not part of the agreement of the
parties and shall not be deemed parts hereof or in any way affect the meaning
or interpretation of this Agreement. Wherever the word "including" is
used herein, it shall be deemed to be following with the words "but not
limited to" or similar words to that effect.

(f) Successors and Assigns:
Beneficiaries. The terms and conditions of this Agreement shall inure to the
benefit of and be binding upon each Party and its, heirs, successors and
assigns. This Agreement is not intended to confer any benefit upon, and may not
be enforces by, anyone other than Kimerer or a Party hereto (or his or such
Party's heirs, successors or assigns.

(g) Attorneys' Fees and Costs. If
any Party (or Kimerer) determines that it is necessary to seek enforcement of
any of the terms and provisions hereunder by a court of law, the prevailing
Party, in addition to any relief granted by the court of law, shall be entitled
to recover all costs and expenses thereof including reasonable attorneys' fees
and costs.

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SI/Apollo Assumption and Release Agreement -- Final

(h) Expenses. Except as provided
herein, each of the Parties shall be solely responsible for all of their own
costs and expenses, including accounting and legal expenses, incurred in
connection with this Agreement and the transactions contemplated herein.

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

 

 

SIBANNAC, INC. a Colo corporation

 

By: /s/ Daniel Allen

Its: CEO

 

 

APOLLO MEDIA NETWORK, INC., a

Delaware corporation

 

By: /s/ Kirk Kimerer

Its: Clief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

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SI/Apollo Assumption and Release Agreement -- Final

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