Document:

Exhibit 10.9

 

GUARANTY
AGREEMENT

 

THIS
GUARANTY AGREEMENT (this “Guaranty”) is entered into as of February 17, 2021 by and among each of the parties identified
as a Guarantor on the signature pages hereto (each, a “Guarantor”, and collectively, the “Guarantors”),
in favor of the Purchasers from time to time party to the Securities Purchase Agreement (as defined below) (together with their respective
successors and assigns, including, any future holder of the Notes (as defined below), the “Holders”). Capitalized
terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Securities Purchase Agreement (as defined
below).

 

RECITALS

 

WHEREAS,
pursuant to a Securities Purchase Agreement, dated as of the date hereof (as amended and in effect from time to time, including any replacement
agreement therefor, the “Securities Purchase Agreement”), among the Madison Technologies, Inc., a Nevada corporation
(the “Company”) and the Holders, the Holders have extended credit to the Company as evidenced by certain Senior Secured
Convertible Notes in the aggregate principal amount of $16,500,000 issued by the Company to the Holders (together with any notes issued
in exchange therefor or replacement thereof or any additional investment made by the Holders and as the same may be amended, supplemented,
restated or otherwise modified from time to time, the “Senior Notes”); and

 

WHEREAS,
each Guarantor will derive substantial direct and indirect benefit from the provision of the loans evidenced by the Notes.

 

NOW,
THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

1. The
Guaranty. Each Guarantor hereby guarantees, as a co-obligor and not merely as surety, to the Holders, the prompt payment of all Liabilities
(including without limitation principal, premium if any, and interest (including all interest that accrues after the commencement of
any proceeding under any applicable bankruptcy, insolvency, reorganization and other similar laws of the Company or any Guarantor (the
Company and each Guarantor collectively referred to herein as the “Note Parties” and each individually, a “Note
Party”) at the rate provided in the respective Transaction Document, whether or not a claim for post-petition interest is allowed
in such proceeding under any applicable bankruptcy, insolvency, reorganization and other similar laws) on the Notes, and all obligations
which, but for the automatic stay under 11 U.S.C. Section 362 (or similar successor statute), would become due), whenever arising, in
full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise in accordance with any Transaction
Document) strictly in accordance with the terms thereof (hereinafter, collectively, the “Guaranteed Obligations”).
Each Guarantor hereby further agrees that if any of the Guaranteed Obligations are not paid in full when due (whether at stated maturity,
as a mandatory prepayment, by acceleration or otherwise in accordance with any Transaction Document), such Guarantor will promptly pay
the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the
Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by
acceleration or otherwise in accordance with any Transaction Document) in accordance with the terms of such extension or renewal. This
Guaranty is a guaranty of payment and not of collection. This Guaranty is a continuing guaranty and shall apply to all Guaranteed Obligations
whenever arising.

 

    	 

     

    

 

2. Joint
and Several Liability.

 

(a) Each of the Guarantors is accepting joint and several liability hereunder in consideration
of the financial accommodations to be provided by the Holders under the Transaction Documents, for the mutual benefit, directly and indirectly,
of each of the Note Parties and other Guarantors (if any) and in consideration of the undertakings of each of the Guarantors to accept
joint and several liability for the obligations of each of the Note Parties.

 

(b) Each of the Guarantors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a
co-obligor, joint and several liability with the other Guarantors with respect to the payment and performance of all of the
Guaranteed Obligations, it being the intention of the parties hereto that all the Guaranteed Obligations shall be the joint and
several obligations of the Guarantors without preferences or distinction among them.

 

(c) If and to the extent that any of the Note Parties or Guarantors shall fail to make any payment
with respect to any of the Guaranteed Obligations as and when due or to perform any of the Guaranteed Obligations in accordance with
the terms thereof, then in each such event, the other Guarantors will make such payment with respect to, or perform, such Guaranteed
Obligation.

 

3. Obligations
Unconditional. The obligations of each of the Guarantors under Section 1 hereof are absolute and unconditional, irrespective
of the value, genuineness, validity, regularity or enforceability of any of the Transaction Documents, or any other agreement or instrument
referred to therein, or any substitution, release or exchange of any other guaranty of or security for any of the Guaranteed Obligations,
and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute
a legal or equitable discharge or defense of a surety or guarantor other than payment in full of the Guaranteed Obligations (other than
contingent indemnification obligations to the extent no claim giving rise thereto has been asserted) and termination of the Purchase
Agreement in accordance with their terms, it being the intent of this Section 3 that the obligations of each Guarantor hereunder
shall be absolute and unconditional under any and all circumstances. Each Guarantor agrees that it shall have no right of subrogation,
indemnity, reimbursement or contribution against any Note Party for amounts paid under this Guaranty until the Guaranteed Obligations
are paid in full (other than contingent indemnification obligations to the extent no claim giving rise thereto has been asserted) and
the Purchase Agreement has terminated in accordance with its terms. Without limiting the generality of the foregoing, it is agreed that,
to the fullest extent permitted by applicable law, the occurrence of any one or more of the following shall not alter or impair the liability
of any Guarantor hereunder which shall remain absolute and unconditional as described above:

 

(a) at
any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any of the Guaranteed
Obligations shall be extended, or such performance or compliance shall be waived;

 

(b) any
of the acts mentioned in any of the provisions of any of the Purchase Agreement, the Transaction Documents, or any other agreement or
instrument referred to in the Purchase Agreement or the Transaction Documents shall be done or omitted;

 

(c) the
maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be modified, supplemented
or amended in any respect, or any right under any of the Purchase Agreement, the Transaction Documents, or any other agreement or instrument
referred to in the Purchase Agreement or the Transaction Documents shall be waived or any other guarantee of any of the Guaranteed Obligations
or any security therefor shall be released or exchanged in whole or in part or otherwise dealt with, in each case, in accordance with
the Transaction Documents; or

 

    	2

     

    

 

(d) any
of the Guaranteed Obligations shall be determined to be void or voidable (including, without limitation, for the benefit of any creditor
of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor).

 

4. Reinstatement.
The obligations of each Guarantor under this Guaranty shall be automatically reinstated if and to the extent that for any reason any
payment by or on behalf of any Person in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder
of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor
agrees that it will indemnify each Holder on demand for all reasonable out-of-pocket costs and expenses (including, without limitation,
reasonable fees and out-of-pocket expenses of counsel) incurred by any Holder in connection with such rescission or restoration, including
any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer
or similar payment under any bankruptcy, insolvency or similar law.

 

5. Certain
Additional Waivers. With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand
of payment, protest and all notices whatsoever, to the extent permitted by applicable law, and any requirement that any Holder exhaust
any right, power or remedy or proceed against any Person under any of the Purchase Agreement, the Transaction Documents or any other
agreement or instrument referred to in the Purchase Agreement or the Transaction Documents, or against any other Person under any other
guarantee of, or security for, any of the Guaranteed Obligations.

 

6. Remedies.
Each Guarantor agrees that, to the fullest extent permitted by applicable law, as between such Guarantor and the Holders, the Guaranteed
Obligations may be declared to be forthwith due and payable for purposes of Section 1 hereof notwithstanding any stay, injunction
or other prohibition preventing such declaration (or preventing the Guaranteed Obligations from becoming automatically due and payable)
as against any other Person and that, in the event of such declaration (or the Guaranteed Obligations being deemed to have become automatically
due and payable), the Guaranteed Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable
by the Guarantors for purposes of said Section 1.

 

7. Limitation
on Guaranteed Obligations. Notwithstanding any provision to the contrary contained herein or in any other of the Transaction Documents,
the obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render
its obligations hereunder subject to avoidance under applicable law (whether federal or state and including, without limitation, 11 U.S.C.
Section 548 (or similar successor statute)), after taking into account, among other things, such Guarantor’s right of contribution
and indemnification from each other Guarantor under applicable law.

 

The
Guarantors hereby agree, as among themselves, that if any Guarantor shall become an Excess Funding Company (as defined below), each other
Guarantor shall, on demand of such Excess Funding Company (but subject to the next sentence hereof and to subsection (B) below), pay
to such Excess Funding Company an amount equal to such Guarantor’s Pro Rata Share (as defined below and determined, for this purpose,
without reference to the properties, assets, liabilities and debts of such Excess Funding Company) of such Excess Funding Company’s
Excess Payment (as defined below). The payment obligation of any Guarantor to any Excess Funding Company under this Section 7
shall be subordinate and subject in right of payment to the prior payment in full of the Guaranteed Obligations of such Guarantor under
the other provisions of this Guaranty, and such Excess Funding Company shall not exercise any right or remedy with respect to such excess
until payment and satisfaction in full of all of such Guaranteed Obligations. For purposes hereof, (i) “Excess Funding Company”
means, in respect of any Guaranteed Obligations arising under the other provisions of this Guaranty (hereafter, the “Joint Obligations”),
a Guarantor that has paid an amount in excess of its Pro Rata Share of the Joint Obligations; (ii) “Excess Payment”
means, in respect of any Joint Obligations, the amount paid by an Excess Funding Company in excess of its Pro Rata Share of such Joint
Obligations; and (iii) “Pro Rata Share”, for the purposes of this Section 7, means, for any Guarantor, the
ratio (expressed as a percentage) of (A) the amount by which the aggregate present fair salable value of all of its assets and properties
exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities,
but excluding the obligations of such Guarantor hereunder) to (B) the amount by which the aggregate present fair salable value of all
assets and other properties of such Guarantor and all of the other Note Parties exceeds the amount of all of the debts and liabilities
(including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor and the
other Note Parties hereunder) of such Guarantor and all of the other Note Parties, all as of the Closing Date (if any Guarantor becomes
a party hereto subsequent to the Closing Date, then for the purposes of this Section 7 such subsequent Guarantor shall be deemed
to have been a Guarantor as of the Closing Date and the information pertaining to, and only pertaining to, such Guarantor as of the date
such Guarantor became a Guarantor shall be deemed true as of the Closing Date).

 

    	3

     

    

 

8. Representations.

 

(a) Each
Guarantor hereby represents and warrants that it is duly organized, validly existing and in good standing under the laws of the jurisdiction
of its formation or incorporation and in each other jurisdiction in which the failure to be so qualified could reasonably be expected
to have a Material Adverse Effect.

 

(b) Each
Guarantor further represents and warrants that it has the power and authority to enter into this Guaranty and to perform its obligations
and to consummate the transactions contemplated hereby and has by proper action duly authorized the execution and delivery of this Guaranty.

 

(c) Each
Guarantor further represents and warrants that this Guaranty constitutes the legal, valid and binding obligation of such Guarantor enforceable
in accordance with its terms, subject to bankruptcy laws and other similar laws of general application affecting rights of creditors
and subject to the application of the rules of equity, including those respecting the availability of specific performance.

 

(d) Each
Guarantor further represents and warrants that it has knowledge of the other Note Parties’ financial condition and affairs and
represents and agrees that it will keep so informed while this Guaranty is in force. Each Guarantor agrees that no Holder will have any
obligation to investigate the financial condition or affairs of the other Note Parties for the benefit of such Guarantor nor to advise
such Guarantor of any fact respecting, or any change in, the financial condition or affairs of the other Note Parties which might come
to the knowledge of the Holders at any time, whether or not any Holder knows or believes or has reason to know or believe that any such
fact or change is unknown to such Guarantor or might (or does) materially increase the risk of such Guarantor as a guarantor or might
(or would) affect the willingness of such Guarantor to continue as a guarantor with respect to the Guaranteed Obligations.

 

9. Incorporated
Provisions. Each Guarantor acknowledges, agrees to, and agrees to perform, as applicable, all of the representations, warranties,
covenants, waivers and other provisions pertaining to it as a Guarantor or Subsidiary contained in any Transaction Document.

 

10. Amendment.
This Guaranty may be amended or modified only in a writing executed by the parties hereto.

 

11. Termination.
This Guaranty shall terminate automatically upon the indefeasible payment in full in cash of the Guaranteed Obligations. Upon the sale,
transfer, conveyance or other disposition of all of the equity interests of any Guarantor in a transaction permitted pursuant to the
Transaction Documents (other than to a Note Party) and the application of the proceeds thereof as provided in the Transaction Documents,
such Guarantor shall cease to be a “Guarantor” for purposes of the Transaction Documents and shall be released from its obligations
hereunder.

 

    	4

     

    

 

12. Counterparts.
This Guaranty may be executed in any number of counterparts, each of which where so executed and delivered shall be an original, but
all of which shall constitute one and the same instrument. It shall not be necessary in making proof of this Guaranty to produce or account
for more than one such counterpart. Facsimile or electronic transmissions of any executed original document and/or retransmission of
any executed facsimile or electronic transmission shall be deemed to be the same as the delivery of an executed original. At the request
of any party hereto, the other parties hereto shall confirm such transmissions by executing duplicate original documents and delivering
the same to the requesting party or parties.

 

13. Headings.
The headings of the sections and subsections hereof are provided for convenience only and shall not in any way affect the meaning, construction
or interpretation of any provision of this Guaranty.

 

14. Governing
Law; Submission to Jurisdiction; Waiver of Jury Trial; Notice THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY, CONSTRUED IN ACCORDANCE WITH, AND ENFORCED UNDER, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES
OF CONFLICTS OF LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION. THE PROVISIONS OF THE PURCHASE
AGREEMENT RELATING TO SUBMISSION TO JURISDICTION, WAIVER OF JURY TRIAL AND VENUE ARE HEREBY INCORPORATED BY REFERENCE HEREIN, MUTATIS
MUTANDIS.

 

15. Entirety.
This Guaranty represents the entire agreement of the parties hereto and thereto, and supersedes all prior agreements and understandings,
oral or written, if any, including any commitment letters or correspondence relating to the transactions contemplated herein.

 

16. Holder
Assigns. This Guaranty is intended for and shall inure to the benefit of each and every person who shall from time to time be or
become the owner or holder of (or participant in) any of the Guaranteed Obligations, and each and every reference herein to a “Holder”
shall include and refer to each and every successor or assignee of a Holder, as applicable, at any time holding or owning any part of
or interest (or participation) in any part of the Guaranteed Obligations. Each Holder shall be entitled to rely upon and be the third
party beneficiary of the provisions of this Guaranty and shall be entitled to enforce the terms and provisions hereof to the same extent
as if such Holder were directly party hereto. This Guaranty shall be transferable and negotiable by such Persons only with the same force
and effect, and to the same extent, that the Guaranteed Obligations are transferable and negotiable, it being understood and stipulated
that upon assignment or transfer by any Holder of any of the Guaranteed Obligations the legal holder or owner of said Guaranteed Obligations
(or a part thereof or interest therein thus transferred or assigned by a Holder) shall (except as otherwise stipulated by a Holder in
its assignment) have and may exercise all of the rights granted to the Holders under this Guaranty to the extent of that part of or interest
in the Guaranteed Obligations thus assigned or transferred to said person. Each Guarantor expressly waives notice of transfer or assignment
of the Guaranteed Obligations, or any part thereof, or of the rights of the Holders hereunder. Failure to give notice will not affect
the liabilities of any Guarantor hereunder.

 

[Signature
Page Follows]

 

    	5

     

    

 

Each
of the parties hereto has caused a counterpart of this Guaranty to be duly executed and delivered as of the date first above written.

 

	 	GUARANTORS:
	 	 
	 	SOVRYN
    HOLDINGS, INC.
	 	 	                     
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Guaranty Agreement]

 

    	 

     

    

 

Accepted
and agreed to as of the date first above written.

 

	HOLDERS:	 
	 	 	 
	ARENA SPECIAL OPPORTUNITIES

                                                                     FUND, LP
	 
	 	              	 
	By:	 	 
	Name:
    	Lawrence
    Cutler	 
	Title:
    	Authorized
    Signatory	 

 

	ARENA SPECIAL OPPORTUNITIES

                                                                     PARTNER I, LP 
	 
	 	 
	By:	 	 
	Name:
    	Lawrence
    Cutler	 
	Title:
    	Authorized
    Signatory	 

 

[Signature Page to Guaranty Agreement]Exhibit 10.1

 

Agreement
of Purchase and Sale

Control
Stock and Non-Affiliate Debt

 

The Agreement

 

Allied
Security Innovations, Inc.

A Nevada
Company quoted and trading on OTC Markets Symbol (ADSV)

 

	Of the First Part:	Huijun He A Natural Person For A Company East West Fund, LLC organized and existing under the laws of
  the Province or State of California
	 	 
	 	(Hereinafter referred to as "Buyer")
	 	 
	 	AND
	 	 
	Of the Second Part	Mina Mar Corporation, incorporated under the laws of the State of Florida
	 	 
	 	(Hereinafter referred
to hereafter as "MMG" or "Seller") 
	 	 
	 	AND
	 	 
	Of the Third Part:	Emry Capital, Inc., incorporated under the laws of the State of Delaware
	 	 
	 	(Hereinafter referred to hereafter as the
"ECI")

 

All three parties hereinafter referred
to collectively as the "Parties"

 

 

 

 

    	 	1	 

     

    

 

RECITALS

 

WHEREAS, MMG is in a position of control
through ownership of 20,000 Series A Preferred Shares (200,000 common votes each) of the fully diluted outstanding equity securities
of Allied Security Innovations, Inc., a Delaware corporation, trading on the OTC Markets under the ticker symbol "ADSV", (Hereinafter
referred to as "ADSV" or the "Company");

 

AND WHEREAS, MMG's ownership of 20,000
Series A Preferred Shares represent 100% of all preferred shares of any series authorized and issued by ADSV;

 

AND WHEREAS, ECI is a creditor and has
a Convertible Promissory Note (outstanding for a period exceeding 12 months) of $340,000.00 (0.0001) owing by ADS, that represents 100%
of all ADSV debt and/or convertible notes;

 

AND WHEREAS, MMG and ECI have additional
information regarding ADSV past operating and Corporate Governance history;

 

AND WHEREAS, MMG desires to sell the
control position in ADSV,

 

AND WHEREAS, MMG is willing to provide
additional assistance in providing corporate records and other assistance regarding corporate governance and history of ADSV;

 

AND WHEREAS, Buyer desires to arrange
for the purchase of control of ADSV on behalf of a third party and update the corporate records, filings and information as required
for reinstatement in good standing on the OTC Markets;

 

AND WHEREAS, Buyer also wishes to acquire
MMG's controlling lock of Preferred Shares in ADSV, and ECI's Convertible Promissory Note for ADSV;

 

NOW, THEREFORE, in consideration of the
terms, conditions, agreements and covenants contained herein (the receipt and sufficiency of which are acknowledged by the Parties),
and in reliance upon the representations and warranties contained in this Agreement the Parties hereto agree as follows:

 

	I.	RECITALS; TRUE AND CORRECT

 

The above stated recitals are true and correct and are
incorporated into this Agreement.

 

	II.	SALE AND PURCHASE OF ASSETS

 

A.       MMG agrees
to sell the controlling position in ADSV and ECI agrees to sell to Buyer under the terms and conditions of this Agreement in accordance
with the financial commitments and sharing of expenses and proceeds as described in Schedule A in accordance with the following;

 

		1.	ECI will formalize ADSV debt in the form of a Convertible Promissory Note (the "Note") in
the amount of $340,000.
		2.	ECI will be assign the Note to Buyer, or such other party designated by the Buyer.
		3.	Seller agrees to provide all corporate records, financial information, information regarding corporate
acquisitions and divestitures, rescission agreements and other information related to ADSV that is in the possession of, or available
to Seller.
		4.	Selling Parties will provide the minute books, which it warrants contain accurate records of all meetings
of its incorporator, shareholders and Board of Directors since its date of incorporation.
		5.	Seller will provide Company's Articles of Incorporation and Corporate Bylaws. If the Minute Book is delinquent in terms of documentation,
the Seller agrees to cooperate and furnish such information as may be required to bring the Minute Book up to date. If the documentation
requires significant effort on the Seller's behalf, the Seller shall be entitled to reasonable compensation including any hard costs to
outside parties.

 

 

 

    	 	2	 

     

    

 

 

		6.	Seller will deliver a copy of the directors' and shareholders' resolutions approving and authorizing
the execution and delivery of this Agreement.
		7.	Seller will provide resignations for all current officers and directors, and shall appoint such officers
and directors as designated by the Buyer.
		8.	Seller agrees to provide assistance in delivering any additional corporate records, financial information,
information regarding corporate acquisitions and divestitures, rescission agreements and other information related to ADSV that is in
the possession of, or available to Seller.
		9.	Seller will deliver such other documents, at the Closing or subsequently, as may be reasonably requested
by Buyer as necessary for the implementation and consummation of this Agreement.

 

B.             
ECI agrees to assign the debt of $340,000.00 (0.0001) owing from ADSV to the Buyer or its designates.

 

C.             
Seller agrees to deliver 20,000 shares of preferred stock of ADSV to Buyer or its designates.

 

	III.	CONSIDERATION AND BUYER UNDERTAKINGS

 

		A.	Buyer is to pay to Seller total consideration of $100,000.00 plus one-half of the net proceeds of the
resale of the Company in accordance with Schedule A in exchange for the Note and the Preferred Shares. Initial consideration of $100,000
shall be paid as follows:

		1.	MMG applies the initial deposit made by in 2019 of $50,000.
		2.	Buyer shall deposit $50,000 into escrow for the benefit of MMG.

 

	 	B.	Buyer shall release the cash consideration referred to in paragraph III.A immediately upon
    completion of paragraphs II.A.3 through 10.

 

		C.	Buyer shall coordinate all necessary activities, documentation, filings and such other instruments as may be necessary to execute
the acquisition of ADSV and for the resale of the Company as contemplated herein.

 

		D.	No additional preferred shares, debentures or notes may be issued by the Buyer until the Seller receives
re-sale payment or a buy-out as described in Schedule A.

 

	IV.	REPRESENTATIONS AND UNDERTAKINGS OF SELLER

 

	 	A.	Seller and ECI represent and warrants to Buyer that;

 

		1.	Seller has good and sufficient right and authority to enter into this Agreement and the Transactions
contemplated therein and to carry out its intentions and obligations setout therein;
		2.	ADSV was and remains duly incorporated under laws of the jurisdiction of its incorporation and is, with respect to the filing of annual
returns and the payment of fees required under the laws of the jurisdiction of its incorporation, in compliance with such laws, or to
disclose to the Buyer such deficiencies as exist in such requirements;
		3.	Seller has the capabilities to fully execute its obligations regarding ADSV as set out in the Agreement
and has received the requisite majority approval of both its board of directors (the "Board") and of its shareholders (the "Shareholders")
to enter into this Agreement;
		4.	MMG represents that the preferred shares / control block of ADSV company are free and clear of any loans,
liens or encumbrances and the 20,000 Series A Preferred Shares represent 100% of the series and 100% of all of the issued preferred stock.
		5.	ECI represents that the Note represents all of the indebtedness of the Company and no other notes, liens
or encumbrances exist.
		6.	Seller represents that ADSV has had continuous operations and is not designated as a shell status company.

 

	V.	HOLD HARMLESS BY BUYER

 

		A.	Seller and ECI represent that they have done reasonable due diligence and investigation into the history,
filings and financials of the Company and believe they have discovered and disclosed all material issues which could affect the Company,
including outstanding notes, missing filings, regulatory issues and/or any other items which could affect the Company.
		B.	Buyer acknowledges and has conducted its own due diligence with respect to publicly available information
on the Company.
		C.	In consideration of this Agreement and the consideration exchanged the Parties covenant and agree, for
themselves and their agents, employees, legal representatives, heirs, executors or assigns, to refrain from making, directly or indirectly,
any claim or demand, or to commence, facilitate commencement or cause to be prosecuted any action in law or equity against another Party
or, as applicable, its members, employees, directors, agents, officers, directors, subsidiaries, successors, affiliates and assigns, on
account of any damages which may hereafter arise in relation to the condition
of the Company.

 

	VI.	GENERAL TERMS AND CONDITIONS 

 

Notice to Seller or ECI:

 

Mina Mar Group (Agent) Miro Zecevic

500 S Australian Ave, #600

West Palm Beach, FL 33401

Tel 561 449 9443

minamargroup@gmail.com

 

Notice to Buyer:

 

225 S Lake Ave, Suite 300

Pasadena, CA 91101

Phone: (909) 331-8899, (812)-933-8888

(626) 488-1788

He8129338888@yahoo.com 

Attn: Huijun He

 

 

THE REMAINDER OF THIS SECTION INTENTIONALLY LEFT BLANK FOLLOWED BY
SIGNATURE PAGE

 

 

 

    	 	3	 

     

    

 

 

IN
WITNESS WHEREOF, the Parties hereto have executed this LOI as of the 17th day of April, 2021.

 

FOR SELLING PARTIES:

 

 

/s/ Miro Zecevic

Minna Mar Group, Inc.

Miro Zecevic

I certify that I have the authority to bind the corporation.

 

/s/ Zoran Cvetojevic

Emry Capital, Inc.

Zoran Cvetojevic

I certify that I have the authority
to bind the corporation.

 

 

FOR BUYER:

 

/s/ Huijun He

East West Fund LLC

Huijun He

I certify that I have the authority to bind the
corporation.

 

 

 

 

    	 	4	 

     

    

 

SCHEDULE A"

 

1. The base
selling price for ADSV which includes the Preferred Shares and the Note as defined in the body of this Agreement, is $100,000.

 

		a.	Buyer deposited $50,000 with the Seller in 2019 which will be applied to this transaction.
		b.	Seller will deposit $50,000 immediately into Escrow

		i.	$20,000 which will be released to the Seller immediately for the OTC and TA fees described in 3 below.
		ii.	$30,000 which will be released to the Seller immediately upon the supply of corporate information as
described within the Agreement.

 

2. MMG and
the Buyer will divide proceeds from the re-sale of the Company on a 50%-50% basis up to a total estimated resale price of $175,000.

 

3. Expense covered by Buyer out of the base selling
price or $100,000:

 

		a.	OTC Markets subscription fees

		b.	Transfer Agent fees moving forward from Closing.

 

4. Expenses covered by Seller out of base selling
price of $100,000:

 

		a.	Delaware State Registration

		b.	Transfer Agent amount owed

		c.	Combined estimated total is $30,000

 

5. Expenses split by Buyer and Seller:

 

		a.	50% of any retail commissions by Seller

		b.	50% of any retail commission by

 

6. Expenses required for re-sale shall be reimbursed
from the proceeds of re-sale over $100,000. The parties estimate that the gross expenses will total $15,000. The reimbursed expenses
shall include commissions, additional legal fees, and Buyers fees from paragraph 3 above.

 

7. Re-sale profit above $100,000 plus the actual
gross expenses and any commission shall be divided equally between MMG and the Buyer.

 

a. As an
example, if the re-sale price is $150,000 then:

 

		i.	The expenses of $15,000 are reimbursed

		ii.	Estimated Commissions of $4,500 (3%) is split

		iii.	MMG and the Buyer will each receive $15,250

 

b. There is
no cap on the split unlet the Buyer chooses to retain Seller in order to make the Company an SEC Reporting Entity

 

 8. Buyer has the option to
"buy-out" MMG for $30,000 within 10 business days of the closing of the initial transaction.

 

9. Should
the Buyer decide to make the Company an SEC Reporting Entity and retain Seller in order to accomplish the necessary filings then:

 

		a.	The Buyer will retain the Seller and its service providers to perform the necessary
filings under a separate agreement under which Seller will finance the filing.
		b.	At the current time the MMG and the Buyer believe the Company will qualify for the OTC Markets QB exchange
which would increase the re-sale value to $350,000 to $500,000.

		c.	If the Buyer does retain MMG to complete the filing then MMG shall complete the work at its own cost.
	 	d.	If MMG does perform and complete the filings then the
re-sale proceeds above $175,000 shall be divided between the parties with 80% being paid to MMG and 20% to the Buyer.

 

 

 

 

 

    	 	5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]