Document:

EX-4.25

 Exhibit 4.25 

Mr J Ferran 
 Westmount 

West Road 
 St George’s Hill 

Weybridge 
 Surrey KT13 0LZ 

12 May 2016 
 Dear Javier 

Diageo plc (the “Company”) 
 Following
recent meetings, I am pleased to confirm that the Diageo Nomination Committee has considered your appointment to join the Board of Diageo plc (the “Board”), and has indicated its support to invite you, in principle, to join the
Board as the non-executive Chairman of the Company, effective on the retirement of the current Chairman of the Company. 
 Your proposed appointment
is, of course, subject to formal Board approval at which time we would be required to immediately announce the appointment publicly. It is proposed that the formal approval be sought on 17 May 2016, with an announcement the following day. Your
proposed appointment is also subject to other approvals as may be required under the provisions of the articles of association of the Company and other governance and regulatory provisions applicable to the Company. The proposed appointment date for
you joining the Board would be 1 July 2016, initially in the role of a non-executive director, with your appointment as Chairman anticipated to be 1 January 2017. 

By accepting the appointment, you confirm that you are not subject to restrictions which prevent you from holding office as a director of the Company. 

The terms of your appointment as non-executive Chairman are set out in this Letter. This is a contract for services and not a contract of employment. 

 

	1.	APPOINTMENT 

  

	1.1	We will seek approval for your election as a director at the Company’s AGM in 2016 (21 September). Thereafter your appointment will be for an initial term of 3 years and will expire on the date of the AGM in 2019,
subject to your annual re-election by shareholders and to the Company’s articles of association. Your appointment will terminate automatically if your office as a director is vacated or if shareholders vote down your election or re-election.

 Your appointment will be subject to earlier termination in accordance with the terms of this Letter. At the end of the
initial term your directorship, and role as non-executive Chairman, may be renewed for a further period if both you and the Board agree. Your service as non-executive Chairman may be terminated at any time by you or the Company giving six
months’ prior written notice. 
  

	1.2	If the Board, with you abstaining, requests your resignation at any time, you will be deemed to have given notice of your resignation and your resignation will take effect on the date specified by the Board. If that
date is before the end of the notice period that would otherwise be given pursuant to clause 1.1 (and you have not been asked to resign as a result of a breach by you of the terms of this Letter), then the Company will make a payment to you of the
fees you would have received during the outstanding notice period. 

  
 1 

	2.	TIME COMMITMENT 

  

	2.1	You will be required to attend annual and extraordinary general meetings of the Company and all full Board meetings. Currently 6 Board meetings are held each year and are usually held at the Group’s (as that term
is defined below) head office in Lakeside Drive, Park Royal, London, NW10 7HQ, with one overseas meeting scheduled annually. In addition, you will be expected to devote appropriate preparation time ahead of each meeting. You will also be required to
attend additional meetings and undertake non-executive assignments from time to time, including conducting site visits. 

  

	2.2	As non-executive Chairman, you will normally be required to provide your services for a minimum of 2 days per week on average. By accepting this appointment, you confirm that you are able to allocate sufficient time to
meet the commitments for the non-executive Chairman role. The agreement of the Board should be sought before accepting further commitments that might affect the amount of time that you can devote to your role. 

 

	2.3	You confirm that you have disclosed to the Board (and will continue to disclose) all of your other directorships and significant appointments and the amount of time you expect that that these appointments will take up.

  

	3.	ROLE 

  

	3.1	As a non-executive director and as non-executive Chairman, you have the same general legal responsibilities to the Company as any other director and the Board is collectively responsible for the success of the Company.
The Board’s role is to:- 

  

	 	(a)	provide entrepreneurial leadership of the Company within the framework of prudent and effective controls which enable risk to be assessed and managed; 

 

	 	(b)	set the Company’s strategic aims, ensure that the necessary financial and human resources are in place for the Company to meet its objectives; 

 

	 	(c)	review management performance; and 

  

	 	(d)	develop, set and promote the Company’s values and standards and ensure that its obligations to its shareholders and others are understood and met. 

 

	3.2	In addition to these requirements of all directors, you together with all other non-executive directors in particular should:- 

  

	 	(a)	constructively challenge and contribute to the development of strategy; 

  

	 	(b)	scrutinize the performance of management in meeting agreed goals and objectives and monitor the reporting of performance; 

  

	 	(c)	satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible; 

 

	 	(d)	determine appropriate levels of remuneration for executive directors and recommend the levels of remuneration for senior management; 

 

	 	(e)	have a prime role in appointing, and where necessary, removing, senior management and succession planning; 

  

	 	(f)	scrutinise standards of conduct, compliance and control in relation to the Board and the Company generally; 

  
 2 

	 	(g)	devote time to developing and refreshing your knowledge and skills; 

  

	 	(h)	uphold high standards of integrity and probity and support the executive directors in instilling the appropriate culture, values and behaviours in the boardroom and beyond; 

 

	 	(i)	take into account the views of shareholders and other stakeholders where appropriate; 

  

	 	(j)	at all times comply with the Articles and constitution of the Company; 

  

	 	(k)	immediately report your own wrongdoing or proposed wrongdoing of any employee or other director of the Company of which you become aware to the Board; 

 

	 	(l)	comply with any code of practice issued by the Company from time to time relating to dealing in the Company’s securities; 

  

	 	(m)	comply with the terms of the Disclosure Rules and Transparency Rules with regard to disclosure of transactions in the Company’s shares; and 

 

	 	(n)	not do anything that would cause you to be disqualified from acting as a director. 

  

	3.3	As non-executive Chairman, you should fulfil the role set out in the split of responsibilities for the Chairman, the Senior Independent Director and the CEO drawn up by the Board. In particular, you would be responsible
for the following:- 

  

	 	(a)	the leadership of the Board; 

  

	 	(b)	ensuring the directors receive accurate, timely and clear information; 

  

	 	(c)	effective communication with the shareholders and ensuring the views of the shareholders are communicated to the Board; 

  

	 	(d)	facilitating the effective contribution of the Company’s non-executive directors and ensuring constructive relations between the executive and the non-executive directors; 

 

	 	(e)	ensuring new directors receive a full formal induction on joining the Board; and 

  

	 	(f)	leading regular meetings of the non-executive directors without any executives present. 

  

	3.4	As a director, you must abide by your statutory, fiduciary and common law duties and all legal obligations relevant to your appointment to the Board of a public limited company. In particular, you must comply where
relevant with the terms of the Diageo Dealings in Securities Code, Part V of the Criminal Justice Act 1993, the UK Corporate Governance Code (the “Code”), the Bribery Act 2010 and the UK Listing Authority’s Listing, Prospectus
and Disclosure and Transparency Rules. You must also act in the way you consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole. In doing so, as a director, you must have regard
(among other matters) to: 

  

	 	(a)	the likely consequences of any decision in the long term; 

  

	 	(b)	the interests of the Company’s employees; 

  

	 	(c)	the need to foster the Company’s business relationships with suppliers, customers and others; 

  

	 	(d)	the impact of the Company’s operations on the community and the environment; 

  
 3 

	 	(e)	the desirability of the Company maintaining a reputation for high standards of business conduct; and 

  

	 	(f)	the need to act fairly as between the members of the Company. 

  

	3.5	You must also comply with any applicable New York Stock Exchange and U.S. Securities and Exchange Commission rules. 

  

	3.6	Information about how the Board works in practice and the authorities delegated by the Board to the various committees under it can be obtained from the Company Secretary. 

 

	3.7	It goes without saying that at all times you must carry out your duties diligently, with due skill, care and attention and use your best endeavours to promote and protect the interests of the Company and its
subsidiary and holding undertakings (the “Group”) and any company within the Group (a “Group Company”). 

  

	3.8	You do not have authority to commit, or act on behalf of, the Company in any way, without the express authorisation of the Board, whether in the role as non-executive director or following your subsequent appointment as
non-executive Chairman. 

  

	3.9	You will, if required by the Board, serve as a member of one or more committees of the Board. You will be provided with the terms of reference of a committee and your responsibilities on your appointment to such a
committee. 

  

	4.	REVIEW PROCESS 

 The performance of individual directors, the Board as a whole and its
committees is reviewed annually. 
  

	5.	CONFLICTS OF INTEREST 

  

	5.1	All directors must take decisions objectively in the best interests of the Company. You will be expected to bring an independent judgement to bear on issues of strategy, performance, resources and standards of conduct.
You understand and accept the obligation of a director not to put himself in a position where his own interests are in conflict with those of the Company. You must immediately disclose to the Board any interest you have from time to time in any
trade, business or occupation whatsoever that is in any way similar to any of those in which the Company or any Group Company is involved. 

  

	5.2	You will notify the Company Secretary of all your other directorships (and any change in directorships) so that the statutory records may be kept up to date. In addition, you should ensure that the Register of
Directors’ Interests contains details of any interest (including private business interests) of you and your family members. 

  

	5.3	You must promptly declare the nature of any interest that you may have, directly or indirectly, in any contract, proposed contract or other business dealings of the Company or any Group Company. 

 

	5.4	The Board has determined that you are “independent” according to provision B. 1 of the Code. You will be identified as an independent non-executive director in the annual report and other documentation. If
circumstances change, and you believe that your independence may be in doubt, you should discuss this with the Company Secretary as soon as practicable. 

  

	5.5	You understand, in the event of you being confirmed in the role as non-executive Chairman of the Company, your obligation not to be a chairman of another FTSE 100 company whilst holding the position of non-executive
Chairman of the Company. 

  
 4 

	6.	FEES AND EXPENSES 

  

	6.1	Your fee for the period you act as a non-executive director of the Company will be £87,000 gross per annum, payable monthly in arrears. The payments will be made to you net of statutory deductions for PAYE and
National Insurance contributions. If you undertake any additional assignments for the Company, your fees will be as agreed with the Company in respect of each assignment. 

 

	6.2	Your fee as non-executive Chairman will be £600,000, and will be reviewed annually. As non-executive Chairman, a proportion of your annual fee will be used to purchase ordinary shares in Diageo plc.

  

	6.3	You will be entitled to an allowance of £1,250 per annum to be spent on the Company’s products. This allowance is taxable and is made available at Diageo staff shops. 

 

	6.4	The Company will reimburse you for the reasonable travelling and subsistence expenses you incur in performing your duties, subject to the production of satisfactory proof of expenditure. 

 

	6.5	You will have no entitlement to any bonus during the appointment and no entitlement to participate in any pension or share scheme operated by the Company. 

 

	6.6	Any payment or benefit made to you under this letter is subject to and conditional on such approval by the shareholders of the Company as may be required by law. The Company reserves the right to withhold or require
repayment of all or part of any such payment or benefit if and to the extent that it is necessary to do so in order to comply with regulatory or legal requirements. 

 

	7.	TERMINATION WITHOUT NOTICE 

  

	7.1	The Company may terminate your appointment with immediate effect if you have: 

  

	 	(a)	committed any serious or repeated breach or non-observance of your obligations to the Company (which include an obligation not to breach your statutory, fiduciary or common-law duties); 

 

	 	(b)	been guilty of any fraud or dishonesty or acted in any manner which, in the opinion of the Company, brings or is likely to bring you or the Company into disrepute or is materially adverse to the interests of the
Company; 

  

	 	(c)	been declared bankrupt or have made an arrangement with or for the benefit of your creditors, or if you have a county court administration order made against you under the County Court Act 1984; 

 

	 	(d)	been disqualified from acting as a director; or 

  

	 	(e)	not complied with the Company’s anti-corruption and bribery policy and procedures and/or the Bribery Act 2010. 

  

	7.2	On termination of the appointment, you shall only be entitled to accrued fees as at the date of termination together with reimbursement of any expenses properly incurred prior to that date. 

  
 5 

	8.	INDEPENDENT PROFESSIONAL ADVICE 

 There may be circumstances when you consider that you
need to take independent legal or other professional advice in order properly to fulfil your duties to the Company. In these circumstances, the Company will refund to you the cost of these professional fees, in accordance with the Board’s
procedure on these matters. A copy of the procedure is available from the Company Secretary. 
  

	9.	INSURANCE 

  

	9.1	The Company has directors’ and officers’ liability insurance and it intends to maintain such insurance for the full term of your appointment. 

 

	9.2	The Company will also provide you with a specific indemnity, by way of a Deed of Indemnity between the Company and you, under which the Company will agree to indemnify you in relation to certain losses and liabilities
which you may incur in the course of acting as a director of the Company or of one or more of its Group Companies. 

  

	10.	CONFIDENTIALITY 

  

	10.1	During your appointment, you will have access to confidential information regarding the business and financial affairs of the Group and the Group’s clients. You must not (except in the proper performance of your
duties or unless required by law) while a director of the Company or at any time (without limit) after ceasing to be a director of the Company: 

  

	 	(a)	divulge or communicate to any Person; 

  

	 	(b)	use for your own purposes or for any purposes other than those of the Company or any Group Company or, as appropriate, any of its or their clients; or 

 

	 	(c)	through any failure to exercise due care and diligence, cause any unauthorised disclosure of; 

any trade secrets or confidential information relating to the Company or any Group Company or any of its or their clients. You must at all
times use your best endeavours to prevent publication or disclosure of any trade secrets or confidential information. These restrictions shall cease to apply to any information which shall become available to the public generally otherwise than
through the default by you. 
  

	10.2	All documentation relating to the business of the Company and any Group Company or any of its or their clients (and any copies of the same) shall be and remain the property of the Company or the relevant Group Company
or client. This will include notes, memoranda, records, lists of customers, suppliers and employees, correspondence, computer and other discs and tapes and other material (whether made or created by you and in whatever medium or format). Please
ensure that you return all property of the Company and any Group Company or clients on demand and in any event on the termination of your appointment. 

  

	11.	INDUCTION 

 After the commencement of the appointment, the Company will ensure your
receive a comprehensive, formal and tailored induction. We will arrange for site visits and meetings with senior and middle management and the Company’s auditors. We will also give the major shareholders the opportunity to meet you. 

  
 6 

	12.	DATA PROTECTION 

  

	12.1	By signing this letter you consent to the Company holding and processing information about you for legal, personnel, administrative and management purposes and in particular to the processing of any sensitive personal
data (as defined in the Data Protection Act 1998) relating to you.: 

  

	12.2	You consent to the Company making such information available to any of its Group Companies, those who provide products or services to the Company (such as advisers and payroll administrators), regulatory authorities,
potential or future employers, governmental or quasi-governmental organisations and potential purchasers of the Company or the business in which you work. 

  

	12.3	You also consent to the transfer of such information contacts outside the European Economic Area. 

  

	13.	THIRD PARTY RIGHTS 

 The Contracts (Rights of Third Parties) Act 1999 shall not apply to
this letter. No person other than you and the Company shall have any rights under this letter and the terms of this letter shall not be enforceable by any person other than you and the Company. 

 

	14.	CORPORATE GOVERNANCE AND COMPLIANCE 

  

	14.1	You must comply in all respects with every rule of law, code of best practice and any regulations or rules made by the Board from time to time with respect to the disclosure of price sensitive information and dealing in
shares. 

  

	14.2	In addition, you must comply where relevant with every rule of law, code of best practice and any regulations or rules made by the London Stock Exchange, the UK Listing Authority, the New York Stock Exchange and the
U.S. Securities and Exchange Commission and every regulation or code of the Company relating to share dealings by directors and/or employees of the Company and the use to which unpublished price sensitive information affecting the shares, debentures
or other securities of the Company and any other company may be put. 

  

	14.3	You shall comply, to the extent that the Board considers appropriate for a company the size of the Company, with the provisions of the Code. 

 

	14.4	You are also expected to comply with the applicable provisions of the Diageo Code of Business Conduct, a copy of which will be separately provided to you. 

 

	15.	RETURN OF PROPERTY 

 On termination of your appointment with the Company however arising,
or at any time at the Board’s request, you shall immediately return to the Company all documents, records, papers or other property belonging to any Group Company which may be in your possession or under your control, and which relate in any
way to the Company’s or Group’s business affairs and you shall not retain any copies thereof. 
  

	16.	MORAL RIGHTS 

 You hereby irrevocably waive any moral rights in all works prepared by
you, in the provision of your services to the Company, to which you are now or may at any future time be entitled under Chapter IV of the Copyright Designs and Patents Act 1988 or any similar provisions of law in any jurisdiction, including (but
without limitation) the right to be identified, the right of integrity and the right against false attribution, and agree not to institute, support, maintain or 

  
 7 

 
permit any action or claim to the effect that any treatment, exploitation or use of such works or other materials, infringes your moral rights. 

 

	17.	ENTIRE AGREEMENT 

  

	17.1	This letter constitutes the entire terms and conditions of your appointment to the Board and supersedes all previous discussions, correspondence, negotiations, arrangements, understandings and agreements between you and
the Company relating to its subject matter. 

  

	17.2	You agree that you shall have no remedies in respect of any representation or warranty (whether made innocently or negligently) that is not set out in this letter and you shall not have any claim for innocent or
negligent misrepresentation based on any statement in this letter. 

  

	18.	VARIATION 

 No variation or modification of this letter shall be effective unless it is
in writing and signed by you and the Company (or respective authorised representatives). 
  

	19.	GOVERNING LAW AND JURISDICTION 

 Your appointment with the Company and any dispute or
claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales and you and the Company irrevocably
agree that the courts of England and Wales shall have non-exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this appointment or its subject matter or formation (including non-contractual disputes or
claims). 
 Please sign and return the enclosed copy of this letter confirming that you agree to these terms of your appointment. 

Yours sincerely 
 Lord Davies of Abersoch,  

Senior Independent Director 
 for and on behalf of 

Diageo plc 
 I have read and agree to the terms of my
appointment as non-executive director and subsequently as Chairman of Diageo plc as set out in this letter. 
  

											
	Signed:	  	  
	  		  	Date:	  	  
	  	

  
 8Exhibit 10.1

 

SHARE EXCHANGE AGREEMENT

 

SHARE EXCHANGE
AGREEMENT, dated as of November 4, 2015 (this “Agreement”) by RentPay (Pty), Ltd, a South African
company (“RentPay”), the stockholders of RentPay set forth on Schedule I hereto (the “RentPay Shareholders”),
and UPAY, a Nevada corporation (“UPAY”).

 

WHEREAS, the
RentPay Shareholders own 100% of the issued and outstanding shares of RentPay (such shares being hereinafter referred to as the
“RentPay Shares”); and

 

WHEREAS, (i)
the RentPay Shareholders and RentPay believe it is in their respective best interests for the RentPay Shareholders to exchange
all of the RentPay Shares for 200,000 newly-issued shares as set forth on Schedule II hereto (the “UPAY shares”)
of common stock, $0.001 par value per share, of UPAY (the “Common Stock”), which, at the time of this Agreement,
shall constitute approximately 0.91% of the issued and outstanding shares of UPAY Common Stock immediately after the closing of
the transactions contemplated herein, and (ii) UPAY believes it is in its best interest and the best interest of its stockholders
to acquire the RentPay Shares in exchange for the UPAY shares, all upon the terms and subject to the conditions set forth in this
Agreement (the “Share Exchange”);

 

WHEREAS, this Agreement will cause
RentPay to become a wholly-owned subsidiary of UPAY;

 

NOW, THEREFORE,
in consideration of the mutual terms, conditions and other agreements set forth herein, the parties hereto agree as follows:

 

ARTICLE I

 

EXCHANGE OF RENTPAY SHARES FOR UPAY SHARES
AND CANCELLATION

 

Section 1.1 Agreement
to Exchange RentPay Shares for UPAY shares. On the Closing Date (as hereinafter defined) and upon the terms and subject to
the conditions set forth in this Agreement, the RentPay Shareholders shall assign, transfer, convey and deliver the RentPay Shares
to UPAY. In consideration and exchange for the RentPay Shares, UPAY shall issue, transfer, convey and deliver the UPAY shares to
the RentPay Shareholders.

 

Section 1.2 Closing
and Actions at Closing. The closing of the Share Exchange (the “Closing”) shall take place remotely via
the exchange of documents and signatures at 10:00 a.m. E.D.T. on the day the conditions to closing set forth in Articles V and
VI herein have been satisfied or waived, or at such other time and date as the parties hereto shall agree in writing (the “Closing
Date”).

 

ARTICLE II

 

REPRESENTATIONS AND WARRANTIES OF UPAY

 

UPAY represents, warrants
and agrees that all of the statements in the following subsections of this Article II are true and complete as of the date hereof.

 

Section 2.1 Corporate Organization.

 

a. UPAY is a corporation
duly organized, validly existing and in good standing under the laws of Nevada, and has all requisite corporate power and authority
to own its properties and assets and governmental licenses, authorizations, consents and approvals to conduct its business as
now conducted and is duly qualified to do business and is in good standing in each jurisdiction in which the nature of its activities
makes such qualification and being in good standing necessary, except where the failure to be so qualified and in good standing
will not have a Material Adverse Effect on the activities, business, operations, properties, assets, condition or results of operation
of UPAY . “Material Adverse Effect” means, when used with respect to UPAY, any event, occurrence, fact, condition,
change or effect, which, individually or in the aggregate, would reasonably be expected to be materially adverse to the business,
operations, properties, assets, condition (financial or otherwise), or operating results of UPAY, or materially impair the ability
of UPAY to perform its obligations under this Agreement, excluding any change, effect or circumstance resulting from (i) the announcement,
pendency or consummation of the transactions contemplated by this Agreement, or (ii) changes in the United States securities markets
generally.

 

     

     

    

  

b. Copies of the certificate
of incorporation and by-laws of UPAY with all amendments thereto, as of the date hereof (the “UPAY Charter Documents”),
have been furnished to the RentPay Shareholders and to RentPay, and such copies are accurate and complete as of the date hereof.
The minute books of UPAY are current as required by law, contain the minutes of all meetings of the UPAY Board and stockholders
of UPAY from its date of incorporation to the date of this Agreement, and adequately reflect all material actions taken by the
UPAY Board and stockholders of UPAY . UPAY is not in violation of any of the provisions of the UPAY Charter Documents.

 

Section 2.2 Capitalization of
UPAY.

 

a. The authorized capital
stock of UPAY consists of 100,000,000 shares of Common Stock and 10,000,000 shares of Preferred Stock. There are 21,800,000 shares
of Common Stock and 0 shares of Preferred Stock that are issued and outstanding immediately prior to this Share Exchange.

 

b. All of the issued
and outstanding shares of Common Stock of UPAY immediately prior to this Share Exchange are, and all shares of Common Stock of
UPAY when issued in accordance with the terms hereof will be, duly authorized, validly issued, fully paid and non-assessable, have
been issued in compliance with all applicable U.S. federal and state securities laws and state corporate laws, and have been issued
free of preemptive rights of any security holder.

 

c. There are no outstanding
contractual obligations (contingent or otherwise) of UPAY to retire, repurchase, redeem or otherwise acquire any outstanding shares
of capital stock of, or other ownership interests in, UPAY or to provide funds to or make any investment (in the form of a loan,
capital contribution or otherwise) in any other person.

 

Section 2.3
Subsidiaries and Equity Investments. UPAY does not directly or indirectly own any capital stock or other securities of,
or any beneficial ownership interest in, or hold any equity or similar interest, or have any investment in any corporation, limited
liability company, partnership, limited partnership, joint venture or other company, person or other entity.

 

Section 2.4
Authorization, Validity and Enforceability of Agreements. UPAY has all corporate power and authority to execute and deliver
this Agreement and all agreements, instruments and other documents to be executed and delivered in connection with the transactions
contemplated by this Agreement to perform its obligations hereunder and to consummate the transactions contemplated hereby and
thereby. The execution and delivery of this Agreement by UPAY and the consummation by UPAY of the transactions contemplated hereby
and thereby, have been duly authorized by all necessary corporate action of UPAY, and no other corporate proceedings on the part
of UPAY are necessary to authorize this Agreement or to consummate the transactions contemplated hereby and thereby. This Agreement
constitutes the valid and legally binding obligation of UPAY and is enforceable in accordance with its terms, except as such enforcement
may be limited by general equitable principles, or by bankruptcy, insolvency and other similar laws affecting the enforcement of
creditors’ rights generally. UPAY does not need to give any notice to, make any filings with, or obtain any authorization,
consent or approval of any government or governmental agency or other person in order for it to consummate the transactions contemplated
by this Agreement, other than filings that may be required or permitted under states securities laws, the Securities Act and/or
the Exchange Act resulting from the issuance of the UPAY shares.

 

Section 2.5 No
Conflict or Violation. Neither the execution and delivery of this Agreement by UPAY, nor the consummation by UPAY of the
transactions contemplated hereby will: (i) contravene, conflict with, or violate any provision of the UPAY Charter Documents:
(ii) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge or other restriction
of any government, governmental agency, court, administrative panel or other tribunal to which UPAY is subject, (iii) conflict
with, result in a breach of, constitute a default (or an event or condition which, with notice or lapse of time or both, would
constitute a default) under, result in the acceleration of, create in any party the right to accelerate, terminate, modify or
cancel, or require any notice under any agreement, contract, lease, license, instrument or other arrangement to which UPAY is
a party or by which it is bound, or to which any of its assets or properties are subject; or (iv) result in or require the creation
or imposition of any encumbrance of any nature upon or with respect to any of UPAY’s assets, including without limitation
the UPAY shares.

 

     

     

    

  

Section 2.6
Litigation. There is no action, suit, proceeding or investigation (“Action”) pending or, to the knowledge
of UPAY, currently threatened against UPAY or any of its affiliates, that may affect the validity of this Agreement or the right
of UPAY to enter into this Agreement or to consummate the transactions contemplated hereby or thereby. There is no Action pending
or, to the knowledge of UPAY, currently threatened against UPAY or any of its affiliates, before any court or by or before any
governmental body or any arbitration board or tribunal, nor is there any judgment, decree, injunction or order of any court, governmental
department, commission, agency, instrumentality or arbitrator against UPAY or any of its affiliates. Neither UPAY nor any of its
affiliates is a party or subject to the provisions of any order, writ, injunction, judgment or decree of any court or government
agency or instrumentality. There is no Action by UPAY or any of its affiliates relating to UPAY currently pending or which UPAY
or any of its affiliates intends to initiate.

 

Section 2.7
Compliance with Laws. UPAY has been and is in compliance with, and has not received any notice of any violation of any,
applicable law, order, ordinance, regulation or rule of any kind whatsoever, including without limitation the Securities Act, the
Exchange Act, the applicable rules and regulations of the SEC or the applicable securities laws and rules and regulations of any
state.

 

Section 2.8
Books, Financial Records and Internal Controls. All the accounts, books, registers, ledgers, UPAY Board minutes and financial
and other records of whatsoever kind of UPAY have been fully, properly and accurately kept and completed; there are no material
inaccuracies or discrepancies of any kind contained or reflected therein; and they give and reflect a true and fair view of the
financial, contractual and legal position of UPAY. UPAY maintains a system of internal accounting controls sufficient, in the judgment
of UPAY, to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific
authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP
and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or
specific authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals
and appropriate actions are taken with respect to any differences.

 

Section 2.9
Employee Benefit Plans. UPAY does not have any “Employee Benefit Plan” as defined in the U.S. Employee Retirement
Income Security Act of 1974 or similar plans under any applicable laws.

 

Section 2.10
Tax Returns, Payments and Elections. UPAY has filed all Tax (as defined below) returns, statements, reports, declarations
and other forms and documents (including, without limitation, estimated tax returns and reports and material information returns
and reports) (“Tax Returns”) required pursuant to applicable law to be filed with any Tax Authority (as defined
below). All such Tax Returns are accurate, complete and correct in all material respects, and UPAY has timely paid all Taxes due
and adequate provisions have been and are reflected in UPAY’s Financial Statements for all current taxes and other charges
to which UPAY is subject and which are not currently due and payable. None of UPAY’s federal income tax returns have been
audited by the Internal Revenue Service. UPAY has no knowledge of any additional assessments, adjustments or contingent tax liability
(whether federal or state) of any nature whatsoever, whether pending or threatened against the UPAY for any period, nor of any
basis for any such assessment, adjustment or contingency. UPAY has withheld or collected from each payment made to each of its
employees, if applicable, the amount of all Taxes (including, but not limited to, United States income taxes and other foreign
taxes) required to be withheld or collected therefrom, and has paid the same to the proper Tax Authority. For purposes of this
Agreement, the following terms have the following meanings: “Tax” (and, with correlative meaning, “Taxes”
and “Taxable”) means any and all taxes including, without limitation, (x) any net income, alternative or add-on minimum
tax, gross income, gross receipts, sales, use, ad valorem, transfer, franchise, profits, value added, net worth, license, withholding,
payroll, employment, excise, severance, stamp, occupation, premium, property, environmental or windfall profit tax, custom, duty
or other tax, governmental fee or other like assessment or charge of any kind whatsoever, together with any interest or any penalty,
addition to tax or additional amount imposed by any United States, local or foreign governmental authority or regulatory body
responsible for the imposition of any such tax (domestic or foreign) (a “Tax Authority”), (y) any liability
for the payment of any amounts of the type described in (x) as a result of being a member of an affiliated, consolidated, combined
or unitary group for any taxable period or as the result of being a transferee or successor thereof, and (z) any liability for
the payment of any amounts of the type described in (x) or (y) as a result of any express or implied obligation to indemnify any
other person.

 

     

     

    

  

Section 2.11 No Debt Obligations.
Upon the Closing Date, UPAY will have no debt, obligations or liabilities of any kind whatsoever other than with respect to the
transactions contemplated hereby. UPAY is not a guarantor of any indebtedness of any other person, entity or corporation.

 

Section 2.12
No Broker Fees. No brokers, finders or financial advisory fees or commissions will be payable by or to UPAY or any of their
affiliates with respect to the transactions contemplated by this Agreement.

 

Section
2.13 No Disagreements with Accountants and Lawyers. There are no disagreements of any kind presently existing, or
anticipated by UPAY to arise, between UPAY and any accountants and/or lawyers formerly or presently engaged by UPAY. UPAY is
current with respect to fees owed to its accountants and lawyers.

 

Section 2.14
Disclosure. This Agreement and any certificate attached hereto or delivered in accordance with the terms hereby by or on
behalf of UPAY in connection with the transactions contemplated by this Agreement do not contain any untrue statement of a material
fact or omit any material fact necessary in order to make the statements contained herein and/or therein not misleading.

 

Section 2.15 No
Undisclosed Events or Circumstances. No event or circumstance has occurred or exists with respect to UPAY or its respective
businesses, properties, prospects, operations or financial condition, which, under applicable law, rule or regulation, requires
public disclosure or announcement by UPAY but which has not been so publicly announced or disclosed. UPAY has not provided to RentPay,
or the RentPay Shareholders, any material non-public information or other information which, according to applicable law, rule
or regulation, was required to have been disclosed publicly by UPAY but which has not been so disclosed, other than with respect
to the transactions contemplated by this Agreement.

 

Section 2.16
Disclosure. This Agreement and any certificate attached hereto or delivered in accordance with the terms hereof by or on
behalf of UPAY or any of the UPAY Controlling Stockholders in connection with the transactions contemplated by this Agreement,
when taken together, do not contain any untrue statement of a material fact or omit to state any material fact necessary in order
to make the statements contained herein and/or therein not misleading.

 

ARTICLE III

 

REPRESENTATIONS AND WARRANTIES OF RENTPAY

 

RentPay represents,
warrants and agrees that all of the statements in the following subsections of this Article Ill, pertaining to RentPay, are true
and complete as of the date hereof.

 

Section
3.1 Incorporation. RentPay is a company duly incorporated, validly existing, and in good standing under the laws
of South Africa and has the corporate power and is duly authorized under all applicable laws, regulations, ordinances, and
orders of public authorities to carry on its business in all material respects as it is now being conducted. The execution
and delivery of this Agreement does not, and the consummation of the transactions contemplated hereby will not, violate any
provision of RentPay’s articles of incorporation. RentPay has taken all actions required by law, its articles of
incorporation, or otherwise to authorize the execution and delivery of this Agreement. RentPay has full power, authority, and
legal capacity and has taken all action required by law, its articles of incorporation and otherwise to consummate the
transactions herein contemplated.

 

     

     

    

 

Section 3.2
Authorized Shares. The number of shares which RentPay is authorized to issue consists of 1000 shares of common stock, par
value $$0.072 (R1.00)per share and 0 shares of preferred stock, par value $0.072 (R1.00)per share. There are currently 1000 shares
of common stock issued and outstanding. The issued and outstanding shares arc validly issued, fully paid, and non-assessable and
not issued in violation of the preemptive or other rights of any person.

 

Section 3.3
Subsidiaries and Predecessor Corporations. RentPay does not have any subsidiaries, and does not own, beneficially or of
record, any shares of any other corporation.

 

Section 3.4
Information. The information concerning RentPay set forth in this Agreement is complete and accurate in all material respects
and does not contain any untrue statement of a material fact or omit to state a material fact required to make the statements made,
in light of the circumstances under which they were made, not misleading.

 

Section 3.5
Absence of Certain Changes or Events. There has not been any material adverse change in the business, operations, properties,
assets, or condition (financial or otherwise) of RentPay; and RentPay has not (i) declared or made, or agreed to declare or make,
any payment of dividends or distributions of any assets of any kind whatsoever to stockholders or purchased or redeemed, or agreed
to purchase or redeem, any of its shares; (ii) made any material change in its method of management, operation or accounting, (iii)
entered into any other material transaction other than sales in the ordinary course of its business; or (iv) made any increase
in or adoption of any profit sharing, bonus, deferred compensation, insurance, pension, retirement, or other employee benefit plan,
payment, or arrangement made to, for, or with its officers, directors, or employees.

 

Section 3.6
Litigation and Proceedings. There are no actions, suits, proceedings, or investigations pending or, to the knowledge of
RentPay after reasonable investigation, threatened by or against RentPay or affecting RentPay or its properties, at law or in equity,
before any court or other governmental agency or instrumentality, domestic or foreign, or before any arbitrator of any kind. RentPay
does not have any knowledge of any material default on its part with respect to any judgment, order, injunction, decree, award,
rule, or regulation of any court, arbitrator, or governmental agency or instrumentality or of any circumstances.

 

Section 3.7
No Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated
by this Agreement will not result in the breach of any term or provision of, constitute a default under, or terminate, accelerate
or modify the terms of any indenture, mortgage, deed of trust, or other material agreement, or instrument to which RentPay is a
party or to which any of its assets, properties or operations are subject.

 

Section 3.8
Compliance With Laws and Regulations. To the best of its knowledge, RentPay has complied with all applicable statutes and
regulations of any federal, state, or other governmental entity or agency thereof, except to the extent that noncompliance would
not materially and adversely affect the business, operations, properties, assets, or condition of RentPay or except to the extent
that noncompliance would not result in the occurrence of any material liability for RentPay. This compliance includes, but is not
limited to, the filing of all reports to date with federal and state securities authorities.

 

Section 3.9
Approval of Agreement. The Board of Directors of RentPay has authorized the execution and delivery of this Agreement by
RentPay and has approved this Agreement and the transactions contemplated hereby.

 

Section 3.10
Valid Obligation. This Agreement and all agreements and other documents executed by RentPay in connection herewith constitute
the valid and binding obligation of RentPay, enforceable in accordance with its or their terms, except as may be limited by bankruptcy,
insolvency, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and subject to the
qualification that the availability of equitable remedies is subject to the discretion of the court before which any proceeding
therefore may be brought.

 

     

     

    

  

ARTICLE IV

 

REPRESENTATIONS AND WARRANTIES OF RENTPAY
SHAREHOLDERS

 

The RentPay Shareholders hereby represents
and warrants to UPAY:

 

Section 4.1
Authority. The RentPay Shareholders have the right, power, authority and capacity to execute and deliver this Agreement
to which the RentPay Shareholders is a party, to consummate the transactions contemplated by this Agreement to which the RentPay
Shareholders is a party, and to perform the RentPay Shareholders’ obligations under this Agreement to which the RentPay Shareholders
is a party. This Agreement has been duly and validly authorized and approved, executed and delivered by the RentPay Shareholders.
Assuming this Agreement has been duly and validly authorized, executed and delivered by the parties thereto other than the RentPay
Shareholders, this Agreement is duly authorized, executed and delivered by the RentPay Shareholders and constitutes the legal,
valid and binding obligation of the RentPay Shareholders, enforceable against the RentPay Shareholders in accordance with their
respective terms, except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency and other
similar Laws affecting the enforcement of creditors rights generally.

 

Section 4.2
No Conflict. Neither the execution or delivery by the RentPay Shareholders of this Agreement to which the RentPay Shareholders
is a party nor the consummation or performance by the RentPay Shareholders of the transactions contemplated hereby or thereby will,
directly or indirectly, (a) contravene, conflict with, or result in a violation of any provision of the Organizational Documents
of the RentPay Shareholders (if the RentPay Shareholders is not a natural person); (b) contravene, conflict with, constitute a
default (or an event or condition which, with notice or lapse of time or both, would constitute a default) under, or result in
the termination or acceleration of, any agreement or instrument to which the RentPay Shareholders is a party or by which the properties
or assets of the RentPay Shareholders are bound; or (c) contravene, conflict with, or result in a violation of, any Law or Order
to which the RentPay Shareholders, or any of the properties or assets of the RentPay Shareholders, may be subject.

 

Section 4.3
Litigation. There is no pending Action against the RentPay Shareholders that involves the RentPay Shares or that challenges,
or may have the effect of preventing, delaying or making illegal, or otherwise interfering with, any of the transactions contemplated
by this Agreement or the business of RentPay and, to the knowledge of the RentPay Shareholders, no such Action has been threatened,
and no event or circumstance exists that is reasonably likely to give rise to or serve as a basis for the commencement of any such
Action.

 

Section 4.4
Acknowledgment. The RentPay Shareholders understand and agree that the UPAY shares to be issued pursuant to this Agreement
have not been registered under the Securities Act or the securities laws of any state of the U.S. and that the issuance of the
UPAY shares is being effected in reliance upon an exemption from registration afforded either under Section 4(2) of the Securities
Act for transactions by an issuer not involving a public offering or Regulation D promulgated thereunder or Regulation S for offers
and sales of securities outside the U.S.

 

Section 4.5 Stock Legends.
The RentPay Shareholders hereby agrees with UPAY as follows:

 

a. Securities Act Legend Accredited Investors.
The certificates evidencing the UPAY shares issued to the RentPay Shareholders will bear the following legend:

 

THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY
STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
TRANSFERRED EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES
LAWS OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES
LAWS, IN WHICH CASE THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION
ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED
IN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS, OR (3) IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, AND BASED
ON AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT THE PROVISIONS OF REGULATION
S HAVE BEEN SATISFIED.

 

     

     

    

  

b. Other Legends.
The certificates representing such UPAY shares, and each certificate issued in transfer thereof, will also bear any other legend
required under any applicable law, including, without limitation, any U.S. state corporate and state securities law, or contract.

 

c. Opinion. The
RentPay Shareholders shall not transfer any or all of the UPAY shares pursuant to Rule 144, under the Securities Act, Regulation
S or absent an effective registration statement under the Securities Act and applicable state securities law covering the disposition
of the UPAY shares, without first providing UPAY with an opinion of counsel (which counsel and opinion are reasonably satisfactory
to UPAY ) to the effect that such transfer will be made in compliance with Rule 144, under the Securities Act, Regulation S or
will be exempt from the registration and the prospectus delivery requirements of the Securities Act and the registration or qualification
requirements of any applicable U.S. state securities laws.

 

Section 4.6
Ownership of Shares. The RentPay Shareholders are both the record and beneficial owner of the RentPay Shares. The RentPay
Shareholders are not the record or beneficial owner of any other shares of RentPay. The RentPay Shareholders has and shall transfer
at the Closing, good and marketable title to the RentPay Shares, free and clear of all liens, claims, charges, encumbrances, pledges,
mortgages, security interests, options, rights to acquire, proxies, voting trusts or similar agreements, restrictions on transfer
or adverse claims of any nature whatsoever, excepting only restrictions on future transfers imposed by applicable law.

 

Section 4.7
Pre-emptive Rights. At Closing, no RentPay Shareholders has any pre-emptive rights or any other rights to acquire any shares
of RentPay that have not been waived or exercised.

 

Section 4.8
Accredited Investor. All RentPay Shareholders receiving shares of UPAY pursuant to this Agreement are “accredited
investors” within the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the
“Securities Act”).

 

ARTICLE V

 

CONDITIONS TO OBLIGATIONS OF RENTPAY

AND THE RENTPAY SHAREHOLDERS

 

The obligations of
RentPay and the RentPay Shareholders to consummate the transactions contemplated by this Agreement are subject to the fulfillment,
at or before the Closing Date, of the following conditions, any one or more of which may be waived by RentPay and the RentPay Shareholders
at their sole discretion:

 

Section 5.1 Representations and
Warranties of UPAY. All representations and warranties made by UPAY in this Agreement shall be true and correct in all material
respects on and as of the Closing Date, except insofar as the representations and warranties relate expressly and solely to a particular
date or period, in which case, subject to the limitations applicable to the particular date or period, they will be true and correct
in all material respects on and as of the Closing Date with respect to such date or period.

 

Section 5.2 Agreements
and Covenants. UPAY shall have performed and complied in all material respects with all agreements and covenants required
by this Agreement to be performed or complied with on or prior to the Closing Date.

 

Section 5.3
Consents and Approvals. All consents, waivers, authorizations and approvals of any governmental or regulatory authority,
domestic or foreign, and of any other person, firm or corporation, required in connection with the execution, delivery and performance
of this Agreement shall be in full force and effect on the Closing Date.

 

     

     

    

  

Section 5.4
No Violation of Orders. No preliminary or permanent injunction or other order issued by any court or governmental or regulatory
authority, domestic or foreign, nor any statute, rule, regulation, decree or executive order promulgated or enacted by any government
or governmental or regulatory authority, which declares this Agreement invalid in any respect or prevents the consummation of the
transactions contemplated hereby, or which materially and adversely affects the assets, properties, operations, prospects, net
income or financial condition of UPAY shall be in effect; and no action or proceeding before any court or governmental or regulatory
authority, domestic or foreign, shall have been instituted or threatened by any government or governmental or regulatory authority,
domestic or foreign, or by any other person, or entity which seeks to prevent or delay the consummation of the transactions contemplated
by this Agreement or which challenges the validity or enforceability of this Agreement.

 

Section 5.5
Other Closing Documents. UPAY shall have received such certificates, instruments and documents in confirmation of the representations
and warranties of UPAY, UPAY’s performance of its obligations hereunder, and/or in furtherance of the transactions contemplated
by this Agreement as the RentPay Shareholders and/or their respective counsel may reasonably request.

 

Section 5.6
Documents. UPAY must have caused the following documents to be delivered to RentPay and the RentPay Shareholders:

 

a. share certificates evidencing the UPAY
shares registered in the name of the RentPay Shareholders;

 

b. a Secretary’s
Certificate, dated the Closing Date, certifying attached copies of (A) the UPAY Charter Documents, (B) the resolutions of the UPAY
Board approving this Agreement and the transactions contemplated hereby and thereby; and (C) the incumbency of each authorized
officer of UPAY signing this Agreement to which UPAY is a party;

 

c. an Officer’s Certificate, dated the
Closing Date, certifying as to Sections 5.1, 5.2, 5.3, 5.4, 5.7, and 5.9.

 

d. this Agreement is duly executed;

 

e. such other documents
as RentPay may reasonably request for the purpose of (A) evidencing the accuracy of any of the representations and warranties of
UPAY, (B) evidencing the performance of, or compliance by UPAY with any covenant or obligation required to be performed or complied
with by UPAY, (C) evidencing the satisfaction of any condition referred to in this Article V, or (D) otherwise facilitating the
consummation or performance of any of the transactions contemplated by this Agreement.

 

Section 5.7 No Material Adverse
Effect. There shall not have been any event, occurrence or development that has resulted in or could result in a Material Adverse
Effect on or with respect to UPAY.

 

ARTICLE VI

 

CONDITIONS TO OBLIGATIONS OF UPAY

 

The obligations of UPAY to consummate the
transactions contemplated by this Agreement are subject to the fulfillment, at or before the Closing Date, of the following conditions,
any one or more of which may be waived by UPAY in its sole discretion:

 

Section 6.1
Representations and Warranties of RentPay and the RentPay Shareholders. All representations and warranties made by RentPay
and the RentPay Shareholders on behalf of themselves individually in this Agreement shall be true and correct on and as of the
Closing Date except insofar as the representation and warranties relate expressly and solely to a particular date or period, in
which case, subject to the limitations applicable to the particular date or period, they will be true and correct in all material
respects on and as of the Closing Date with respect to such date or period.

 

     

     

    

  

Section 6.2
Agreements and Covenants. RentPay and the RentPay Shareholders shall have performed and complied in all material respects
with all agreements and covenants required by this Agreement to be performed or complied with by each of them on or prior to the
Closing Date.

 

Section 6.3
Consents and Approvals. All consents, waivers, authorizations and approvals of any governmental or regulatory authority,
domestic or foreign, and of any other person, firm or corporation, required in connection with the execution, delivery and performance
of this Agreement shall have been duly obtained and shall be in full force and effect on the Closing Date.

 

Section 6.4
Audit Report. UPAY shall have received an audit report of RentPay with respect to its two most recently completed fiscal
years from an independent accounting firm that is registered with the Public Company Accounting Oversight Board.

 

Section 6.5
No Violation of Orders. No preliminary or permanent injunction or other order issued by any court or other governmental
or regulatory authority, domestic or foreign, nor any statute, rule, regulation, decree or executive order promulgated or enacted
by any government or governmental or regulatory authority, domestic or foreign, that declares this Agreement invalid or unenforceable
in any respect or which prevents the consummation of the transactions contemplated hereby, or which materially and adversely affects
the assets, properties, operations, prospects, net income or financial condition of RentPay shall be in effect; and no action or
proceeding before any court or government or regulatory authority, domestic or foreign, shall have been instituted or threatened
by any government or governmental or regulatory authority, domestic or foreign, or by any other person, or entity which seeks to
prevent or delay the consummation of the transactions contemplated by this Agreement or which challenges the validity or enforceability
of this Agreement.

 

Section 6.6
Other Closing Documents. UPAY shall have received such certificates, instruments and documents in confirmation of the representations
and warranties of RentPay and the RentPay Shareholders, the performance of RentPay and the RentPay Shareholders’ respective
obligations hereunder and/or in furtherance of the transactions contemplated by this Agreement as UPAY or its counsel may reasonably
request.

 

Section 6.7 Documents. RentPay
and the RentPay Shareholders must deliver to UPAY at the Closing:

 

a. share certificates
evidencing the number of RentPay Shares, along with executed share transfer forms transferring such RentPay Shares to UPAY, together
with a certified copy of a board resolution of RentPay approving the registration of the transfer of such shares to UPAY (subject
to Closing and payment of stamp duty);

 

b. this Agreement to
which RentPay and the RentPay Shareholders is a party, duly executed:

 

c. such other documents
as UPAY may reasonably request for the purpose of (a) evidencing the accuracy of any of the representations and warranties of RentPay
and the RentPay Shareholders, (b) evidencing the performance of, or compliance by RentPay and the RentPay Shareholders with, any
covenant or obligation required to be performed or complied with by RentPay and the RentPay Shareholders, as the case may be, (c)
evidencing the satisfaction of any condition referred to in this Article VI, or (d) otherwise facilitating the consummation or
performance of any of the transactions contemplated by this Agreement.

 

Section 6.8
No Claim Regarding Stock Ownership or Consideration. There must not have been made or threatened by any Person, any claim
asserting that such Person (a) is the holder of, or has the right to acquire or to obtain beneficial ownership of the RentPay Shares,
or any other stock, voting, equity, or ownership interest in, RentPay, or (b) is entitled to all or any portion of the UPAY shares.

 

     

     

    

  

ARTICLE VII

 

INDEMNIFICATION

 

Section 7.1 Survival of Provisions. The respective
representations, warranties, covenants and agreements of each of the parties to this Agreement (except covenants and agreements
which are expressly required to be performed and are performed in full on or before the Closing Date) shall expire on the first
day of the one-year anniversary of the Closing Date (the “Survival Period”). The right to indemnification, payment
of damages or other remedy based on such representations, warranties, covenants, and obligations will not be affected by any investigation
conducted with respect to, or any knowledge acquired (or capable of being acquired) at any time, whether before or after the execution
and delivery of this Agreement, with respect to the accuracy or inaccuracy of or compliance with, any such representation, warranty,
covenant, or obligation. The waiver of any condition based on the accuracy of any representation or warranty, or on the performance
of or compliance with any covenant or obligation, will not affect the right to indemnification, payment of damages, or other remedy
based on such representations, warranties, covenants, and obligations.

 

Section 7.2 Indemnification.

 

a. Indemnification
Obligations in favor of the Controlling Stockholders of UPAY. From and after the Closing Date until the expiration of the
Survival Period, RentPay shall reimburse and hold harmless the UPAY Controlling Stockholders (each such person and his heirs,
executors, administrators, agents, successors and assigns is referred to herein as a “UPAY Indemnified Party”)
against and in respect of any and all damages, losses, settlement payments, in respect of deficiencies, liabilities, costs,
expenses and claims suffered, sustained, incurred or required to be paid by any UPAY Indemnified Party, and any and all actions,
suits, claims, or legal, administrative, arbitration, governmental or other procedures or investigation against any UPAY Indemnified
Party, which arises or results from a third-party claim brought against a UPAY Indemnified Party to the extent based on a breach
of the representations and warranties with respect to the business, operations or assets of RentPay. All claims of UPAY pursuant
to this Section 7.2 shall be brought by the UPAY Controlling Stockholders on behalf of UPAY and those Persons who were stockholders
of UPAY immediately prior to the Closing Date. In no event shall any such indemnification payments exceed $100,000 in the aggregate
from RentPay. No claim for indemnification may be brought under this Section 7.2(a) unless all claims for indemnification, in
the aggregate, total more than $10,000.

 

b. Indemnification
in favor of RentPay and the RentPay Shareholders. From and after the Closing Date until the expiration of the Survival Period,
the UPAY Controlling Stockholders will, severally and not jointly, indemnify and hold harmless RentPay, the RentPay Shareholders,
and their respective officers, directors, agents, attorneys and employees, and each person, if any, who controls or may “control”
(within the meaning of the Securities Act) any of the forgoing persons or entities (hereinafter referred to individually as a “RentPay
Indemnified Person”) from and against any and all losses, costs, damages, liabilities and expenses arising from claims,
demands, actions, causes of action, including, without limitation, legal fees, (collectively, “Damages”) arising
out of any (i) any breach of representation or warranty made by UPAY or the UPAY Controlling Stockholders in this Agreement, and
in any certificate delivered by UPAY or the UPAY Controlling Stockholders pursuant to this Agreement, (ii) any breach by UPAY or
the UPAY Controlling Stockholders of any covenant, obligation or other agreement made by UPAY or the UPAY Controlling Stockholders
in this Agreement, and (iii) a third-party claim based on any acts or omissions by UPAY or the UPAY Controlling Stockholders. In
no event shall any such indemnification payments exceed $100,000 in the aggregate from all UPAY Controlling Stockholders. No claim
for indemnification may be brought under this Section 7.2(b) unless all claims for indemnification, in the aggregate, total more
than $10,000.

 

ARTICLE VIII

 

MISCELLANEOUS PROVISIONS

 

Section 8.1 Publicity.
No party shall cause the publication of any press release or other announcement with respect to this Agreement or the transactions
contemplated hereby without the consent of the other parties, unless a press release or announcement is required by law. If any
such announcement or other disclosure is required by law, the disclosing party agrees to give the non-disclosing parties prior
notice and an opportunity to comment on the proposed disclosure.

 

Section 8.2 Successors
and Assigns. This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors
and assigns; provided, however, that no party shall assign or delegate any of the obligations created under this Agreement without
the prior written consent of the other parties.

 

     

     

    

  

Section 8.3
Fees and Expenses. Except as otherwise expressly provided in this Agreement, all legal and other fees, costs and expenses
incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such fees,
costs or expenses.

 

Section 8.4
Notices. All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed to have
been given or made if in writing and delivered personally or sent by registered or certified mail (postage prepaid, return receipt
requested) or facsimile to the parties at the following addresses:

 

If to RentPay or the RentPay Shareholders, to:

 

Wouter Fouche

Unit 6, Uitzicht Park,

2 Bellingham Road, Centurion

South Africa

 

With a copy to (which copy shall not constitute notice):

 

If to UPAY or the UPAY Controlling Stockholders, to:

 

Jaco Folscher

P.O. Box 2645,

The Reeds,

Pretoria

South Africa

 

With a copy to (which copy shall not constitute notice):

 

Szaferman, Lakind, Blumstein & Blader, P.C.

101 Grovers Mill Road, Second Floor

Lawrenceville, NJ 08648

Attn: Gregg E. Jaclin, Esq.

 

or to such other persons or at such other
addresses as shall be furnished by any party by like notice to the others, and such notice or communication shall be deemed to
have been given or made as of the date so delivered or mailed. No change in any of such addresses shall be effective insofar as
notices under this Section 8.4 are concerned unless such changed address is located in the United States of America (or, in the
case of the RentPay Shareholders or RentPay, in South Africa) and notice of such change shall have been given to such other party
hereto as provided in this Section 8.4.

 

Section 8.5
Entire Agreement. This Agreement, together with the exhibits hereto, represents the entire agreement and understanding of
the parties with reference to the transactions set forth herein and no representations or warranties have been made in connection
with this Agreement other than those expressly set forth herein or in the exhibits, certificates and other documents delivered
in accordance herewith. This Agreement supersedes all prior negotiations, discussions, correspondence, communications, understandings
and agreements between the parties relating to the subject matter of this Agreement and all prior drafts of this Agreement, all
of which are merged into this Agreement. No prior drafts of this Agreement and no words or phrases from any such prior drafts shall
be admissible into evidence in any action or suit involving this Agreement.

 

Section 8.6
Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of
this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible so as to be valid
and enforceable.

 

     

     

    

  

Section 8.7
Titles and Headings. The Article and Section headings contained in this Agreement are solely for convenience of reference
and shall not affect the meaning or interpretation of this Agreement or of any term or provision hereof.

 

Section 8.8
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and
all of which together shall be considered one and the same agreement.

 

Section 8.9
Convenience of Forum: Consent to Jurisdiction. The parties to this Agreement, acting for themselves and for their respective
successors and assigns, without regard to domicile, citizenship or residence, hereby expressly and irrevocably elect as the sole
judicial forum for the adjudication of any matters arising under or in connection with this Agreement, and consent and subject
themselves to the jurisdiction of, the courts of the State of New York located in County of New York, and/or the United States
District Court for the Southern District of New York, in respect of any matter arising under this Agreement. Service of process,
notices and demands of such courts may be made upon any party to this Agreement by personal service at any place where it may
be found or giving notice to such party as provided in Section 8.4.

 

Section 8.10
Enforcement of the Agreement. The parties hereto agree that irreparable damage would occur if any of the provisions of this
Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that
the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions hereto, this being in addition to any other remedy to which they are entitled at law or in equity.

 

Section 8.11
Governing Law. This Agreement shall be governed by and interpreted and enforced in accordance with the laws of the State
of Nevada without giving effect to the choice of law provisions thereof.

 

Section 8.12
Amendments and Waivers. Except as otherwise provided herein, no amendment or waiver of any provision of this Agreement shall
be valid unless the same shall be in writing and signed by all of the parties hereto. No waiver by any party of any default, misrepresentation,
or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent default,
misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any such prior
or subsequent occurrence.

 

[Remainder of this page intentionally left
blank]

 

     

     

    

 

[SIGNATURE PAGE TO SHARE EXCHANGE AGREEMENT]

 

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

 

	UPAY, INC.	 
	 	 	 
	By:	/s/ Jaco Fölscher	 
	Name:	Jaco Fölscher	 
	Title:	President	 

 

RENTPAY INC.

 

	By: 	/s/ Wouter Fouché	 
	Name:	Wouter Fouché	 
	Title:	Director	 

 

RENTPAY’S CONTROLLING STOCKHOLDERS 

 

	By:	/s/ Wouter Fouche	 
	 	Wouter Fouche, Trustee	 
	 	Loantech Trust	 
	 	Number of RentPay Shares Owned: 500	 
	 	% Ownership: 50.00% of common stock	 

 

	By:	/s/ Jaco Fölscher	 
	 	Jaco Fölscher, Trustee	 
	 	Folscher Family Trust	 
	 	Number of RentPay Shares Owned: 500	 
	 	% Ownership: 50.00% of common stock	 

 

SCHEDULE A

UPAY Inc.

Share Issuance Schedule RentPay Shareholders

 

	Shareholder Name	 	New UPAY shares	 
	Loantech Trust	 	 	100,000	 
	Folscher Family Trust	 	 	100,000	 
	Total:	 	 	200,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]