Document:

Exhibit
10.1

SECURITIES
SETTLEMENT AGREEMENT

 

This
securities settlement agreement (the “Agreement”) is by and between NetCapital.com LLC (“Claimant”) and
the undersigned ("Company" or "Debtor") and is entered into as of the effective date below, all with reference
to the following facts, which the parties agree are true and correct:

 

RECITALS

 

Claimant
acquired, on or about this date, certain debt rights, noted below, along with the rights to common stock and conversion of a prior
debt holder of the Company;

 

Claimant
is, therefore, both an investor and a creditor of the Company entitled to payment and conversion of outstanding debt securities,
including common stock conversion of such debt securities, as referenced in agreement(s) and document(s), including between the
parties hereto, such as listed below;

 

Debtor
seeks to avoid dispute, retire debt from its books and records, make effort to improve its financial picture for potential acquisition
and future fundings by eliminating or limiting the extent of debt the Debtor faces, and honor such conversion and related rights
acquired by the Claimant;

 

THEREFORE,
THE PARTIES AGREE TO SETTLE, AND THE PURPOSE OF THIS AGREEMENT IS TO REFLECT SUCH SETTLEMENT;

 

NOW
THEREFORE, the parties hereto hereby represent, warrant, and covenant with and to each other and confirm all of the above and
following to the transfer agent of Company and others to whom it may concern, as follows:

 

	1.		Obligations
                                                                                                                                              Owing.

                                                                                                                                              Reference
                                                                                                                                              is
                                                                                                                                              made
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              debt
                                                                                                                                              securities
                                                                                                                                              identified
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              signature
                                                                                                                                              page
                                                                                                                                              hereof
                                                                                                                                              (the
                                                                                                                                              "Debt").
                                                                                                                                              As
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              Debt,
                                                                                                                                              any
                                                                                                                                              past
                                                                                                                                              or
                                                                                                                                              current
                                                                                                                                              dispute,
                                                                                                                                              potential
                                                                                                                                              defenses
                                                                                                                                              and
                                                                                                                                              disputed
                                                                                                                                              considerations,
                                                                                                                                              are
                                                                                                                                              waived
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              Company,
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              debt
                                                                                                                                              obligation
                                                                                                                                              is
                                                                                                                                              hereby
                                                                                                                                              confirmed
                                                                                                                                              as
                                                                                                                                              owed.

 

	2.		Exchange.
                                                                                                                                              Claimant
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              hereby
                                                                                                                                              agree
                                                                                                                                              to
                                                                                                                                              confirm
                                                                                                                                              the
                                                                                                                                              exchange
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              for
                                                                                                                                              securities
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              as
                                                                                                                                              follows:
                                                                                                                                              based
                                                                                                                                              upon
                                                                                                                                              the
                                                                                                                                              provisions
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement,
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              is
                                                                                                                                              to
                                                                                                                                              repay
                                                                                                                                              the
                                                                                                                                              principal
                                                                                                                                              amount
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              ("Principal")
                                                                                                                                              with
                                                                                                                                              interest
                                                                                                                                              at
                                                                                                                                              a
                                                                                                                                              rate
                                                                                                                                              set
                                                                                                                                              below
                                                                                                                                              per
                                                                                                                                              annum
                                                                                                                                              ("Interest")
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              "Maturity
                                                                                                                                              Date"
                                                                                                                                              (below)
                                                                                                                                              in
                                                                                                                                              accordance
                                                                                                                                              with
                                                                                                                                              conversion
                                                                                                                                              rights
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              Claimant
                                                                                                                                              so
                                                                                                                                              that,
                                                                                                                                              at
                                                                                                                                              the
                                                                                                                                              election
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Claimant,
                                                                                                                                              it
                                                                                                                                              may
                                                                                                                                              convert
                                                                                                                                              the
                                                                                                                                              Principal
                                                                                                                                              in
                                                                                                                                              whole
                                                                                                                                              into
                                                                                                                                              shares
                                                                                                                                              of
                                                                                                                                              common
                                                                                                                                              stock
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              (the
                                                                                                                                              "Shares").
                                                                                                                                              This
                                                                                                                                              obligation
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              is
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              nature
                                                                                                                                              of
                                                                                                                                              a
                                                                                                                                              debenture
                                                                                                                                              but
                                                                                                                                              in
                                                                                                                                              lieu
                                                                                                                                              of
                                                                                                                                              issuing
                                                                                                                                              a
                                                                                                                                              debenture
                                                                                                                                              form,
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              shall
                                                                                                                                              honor
                                                                                                                                              the
                                                                                                                                              exchange,
                                                                                                                                              payment
                                                                                                                                              obligation
                                                                                                                                              and
                                                                                                                                              conversion
                                                                                                                                              rights
                                                                                                                                              pursuant
                                                                                                                                              to
                                                                                                                                              this
                                                                                                                                              Agreement.
                                                                                                                                              Thus,
                                                                                                                                              concurrently
                                                                                                                                              with
                                                                                                                                              the
                                                                                                                                              execution
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement,
                                                                                                                                              Claimant
                                                                                                                                              surrenders
                                                                                                                                              hereby
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              and
                                                                                                                                              its
                                                                                                                                              interest
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              strictly
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              payment,
                                                                                                                                              conversion,
                                                                                                                                              Shares
                                                                                                                                              and
                                                                                                                                              related
                                                                                                                                              rights
                                                                                                                                              under
                                                                                                                                              this
                                                                                                                                              Agreement.
                                                                                                                                              (Claimant
                                                                                                                                              will
                                                                                                                                              endeavor
                                                                                                                                              to
                                                                                                                                              use
                                                                                                                                              best
                                                                                                                                              efforts,
                                                                                                                                              for
                                                                                                                                              non-material
                                                                                                                                              file
                                                                                                                                              recording,
                                                                                                                                              to
                                                                                                                                              deliver
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              Company
                                                                                                                                              any
                                                                                                                                              promissory
                                                                                                                                              notes,
                                                                                                                                              commercial
                                                                                                                                              paper,
                                                                                                                                              or
                                                                                                                                              other
                                                                                                                                              evidences
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt,
                                                                                                                                              but
                                                                                                                                              such
                                                                                                                                              ministerial
                                                                                                                                              obligation
                                                                                                                                              shall
                                                                                                                                              not
                                                                                                                                              be
                                                                                                                                              a
                                                                                                                                              condition
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              conversion,
                                                                                                                                              Shares,
                                                                                                                                              and
                                                                                                                                              enforcement
                                                                                                                                              rights
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              by
                                                                                                                                              Claimant.)
                                                                                                                                              With
                                                                                                                                              reference
                                                                                                                                              to
                                                                                                                                              Rule
                                                                                                                                              144
                                                                                                                                              promulgated
                                                                                                                                              under
                                                                                                                                              the
                                                                                                                                              Securities
                                                                                                                                              Act
                                                                                                                                              of
                                                                                                                                              1933,
                                                                                                                                              as
                                                                                                                                              amended,
                                                                                                                                              the
                                                                                                                                              exchange
                                                                                                                                              hereby
                                                                                                                                              is
                                                                                                                                              made
                                                                                                                                              without
                                                                                                                                              any
                                                                                                                                              additional
                                                                                                                                              consideration
                                                                                                                                              applicable.

 

	3.		Payment
                                                                                                                                              of
                                                                                                                                              Principal
                                                                                                                                              and
                                                                                                                                              Interest.
                                                                                                                                              The
                                                                                                                                              Company
                                                                                                                                              promises
                                                                                                                                              to
                                                                                                                                              pay
                                                                                                                                              to
                                                                                                                                              Claimant
                                                                                                                                              the
                                                                                                                                              Principal
                                                                                                                                              and
                                                                                                                                              Interest
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              Maturity
                                                                                                                                              Date,
                                                                                                                                              or
                                                                                                                                              sooner
                                                                                                                                              if
                                                                                                                                              required
                                                                                                                                              hereby,
                                                                                                                                              unless
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              extent
                                                                                                                                              of
                                                                                                                                              any
                                                                                                                                              completed
                                                                                                                                              conversion
                                                                                                                                              of
                                                                                                                                              Principal
                                                                                                                                              and
                                                                                                                                              or
                                                                                                                                              Interest
                                                                                                                                              as
                                                                                                                                              stated
                                                                                                                                              herein.

 

THE
COMPANY MAY PREPAY ANY PORTION OF THE PRINCIPAL AMOUNT DUE HEREUNDER BY MAKING A PAYMENT EQUAL TO 110% OF THE PURCHASE PRICE OF
SUCH PRINCIPAL AMOUNT ALONG WITH ANY ACCRUED INTEREST AT ANY TIME UPON THREE DAYS WRITTEN NOTICE TO THE CLAIMANT.

 

	4.		Events
                                                                                                                                                     of
                                                                                                                                                     Default.
                                                                                                                                                     "Event
                                                                                                                                                     of
                                                                                                                                                     Default,"
                                                                                                                                                     wherever
                                                                                                                                                     used
                                                                                                                                                     herein,
                                                                                                                                                     means
                                                                                                                                                     any
                                                                                                                                                     one
                                                                                                                                                     of
                                                                                                                                                     the
                                                                                                                                                     following
                                                                                                                                                     events
                                                                                                                                                     (whatever
                                                                                                                                                     the
                                                                                                                                                     reason
                                                                                                                                                     and
                                                                                                                                                     whether
                                                                                                                                                     it
                                                                                                                                                     shall
                                                                                                                                                     be
                                                                                                                                                     voluntary
                                                                                                                                                     or
                                                                                                                                                     involuntary
                                                                                                                                                     or
                                                                                                                                                     effected
                                                                                                                                                     by
                                                                                                                                                     operation
                                                                                                                                                     of
                                                                                                                                                     law
                                                                                                                                                     or
                                                                                                                                                     pursuant
                                                                                                                                                     to
                                                                                                                                                     any
                                                                                                                                                     judgment,
                                                                                                                                                     decree
                                                                                                                                                     or
                                                                                                                                                     order
                                                                                                                                                     of
                                                                                                                                                     any
                                                                                                                                                     court,
                                                                                                                                                     or
                                                                                                                                                     any
                                                                                                                                                     order,
                                                                                                                                                     rule
                                                                                                                                                     or
                                                                                                                                                     regulation
                                                                                                                                                     of
                                                                                                                                                     any
                                                                                                                                                     administrative
                                                                                                                                                     or
                                                                                                                                                     governmental
                                                                                                                                                     body):

 

	(A)		Any
                                                                                                                                               default
                                                                                                                                               in
                                                                                                                                               the
                                                                                                                                               payment
                                                                                                                                               of
                                                                                                                                               the
                                                                                                                                               Principal
                                                                                                                                               of,
                                                                                                                                               Interest
                                                                                                                                               on,
                                                                                                                                               or
                                                                                                                                               liquidated
                                                                                                                                               damages
                                                                                                                                               in
                                                                                                                                               respect
                                                                                                                                               to
                                                                                                                                               this
                                                                                                                                               Agreement,
                                                                                                                                               free
                                                                                                                                               of
                                                                                                                                               any
                                                                                                                                               claim
                                                                                                                                               of
                                                                                                                                               subordination,
                                                                                                                                               as
                                                                                                                                               and
                                                                                                                                               when
                                                                                                                                               the
                                                                                                                                               same
                                                                                                                                               shall
                                                                                                                                               become
                                                                                                                                               due
                                                                                                                                               and
                                                                                                                                               payable
                                                                                                                                               (whether
                                                                                                                                               on
                                                                                                                                               a
                                                                                                                                               Conversion
                                                                                                                                               Date
                                                                                                                                               or
                                                                                                                                               the
                                                                                                                                               Maturity
                                                                                                                                               Date
                                                                                                                                               or
                                                                                                                                               by
                                                                                                                                               acceleration
                                                                                                                                               or
                                                                                                                                               otherwise);
                                                                                                                                               and
                                                                                                                                               or

	 		 

	(B)		The
                                                                                                                                                                    Company
                                                                                                                                                                    shall
                                                                                                                                                                    fail
                                                                                                                                                                    to
                                                                                                                                                                    file
                                                                                                                                                                    all
                                                                                                                                                                    reports
                                                                                                                                                                    required
                                                                                                                                                                    to
                                                                                                                                                                    be
                                                                                                                                                                    filed
                                                                                                                                                                    by
                                                                                                                                                                    it
                                                                                                                                                                    with
                                                                                                                                                                    the
                                                                                                                                                                    SEC
                                                                                                                                                                    pursuant
                                                                                                                                                                    to
                                                                                                                                                                    Section
                                                                                                                                                                    13
                                                                                                                                                                    or
                                                                                                                                                                    15(d)
                                                                                                                                                                    of
                                                                                                                                                                    the
                                                                                                                                                                    Securities
                                                                                                                                                                    and
                                                                                                                                                                    Exchange
                                                                                                                                                                    Act
                                                                                                                                                                    of
                                                                                                                                                                    1934,
                                                                                                                                                                    as
                                                                                                                                                                    amended
                                                                                                                                                                    (the
                                                                                                                                                                    “Exchange
                                                                                                                                                                    Act”),
                                                                                                                                                                    or
                                                                                                                                                                    otherwise
                                                                                                                                                                    required
                                                                                                                                                                    by
                                                                                                                                                                    the
                                                                                                                                                                    Exchange
                                                                                                                                                                    Act
                                                                                                                                                                    or
                                                                                                                                                                    as
                                                                                                                                                                    required
                                                                                                                                                                    to
                                                                                                                                                                    be
                                                                                                                                                                    deemed
                                                                                                                                                                    a
                                                                                                                                                                    current
                                                                                                                                                                    public
                                                                                                                                                                    company
                                                                                                                                                                    as
                                                                                                                                                                    to
                                                                                                                                                                    disclosure
                                                                                                                                                                    including
                                                                                                                                                                    on
                                                                                                                                                                    any
                                                                                                                                                                    exchange
                                                                                                                                                                    or
                                                                                                                                                                    over
                                                                                                                                                                    the
                                                                                                                                                                    counter
                                                                                                                                                                    trading
                                                                                                                                                                    medium
                                                                                                                                                                    and
                                                                                                                                                                    or
                                                                                                                                                                    the
                                                                                                                                                                    Company
                                                                                                                                                                    is
                                                                                                                                                                    in,
                                                                                                                                                                    or
                                                                                                                                                                    accused
                                                                                                                                                                    of,
                                                                                                                                                                    being
                                                                                                                                                                    in
                                                                                                                                                                    violation
                                                                                                                                                                    of
                                                                                                                                                                    any
                                                                                                                                                                    law
                                                                                                                                                                    or
                                                                                                                                                                    regulation
                                                                                                                                                                    by
                                                                                                                                                                    written
                                                                                                                                                                    demand,
                                                                                                                                                                    court
                                                                                                                                                                    proceeding
                                                                                                                                                                    or
                                                                                                                                                                    similarly;
                                                                                                                                                                    and
                                                                                                                                                                    or

	 		 

	(C)		The
                                                                                                                                               material
                                                                                                                                               breach
                                                                                                                                               of
                                                                                                                                               any
                                                                                                                                               promise
                                                                                                                                               or
                                                                                                                                               representation
                                                                                                                                               in
                                                                                                                                               this
                                                                                                                                               Agreement
                                                                                                                                               and
                                                                                                                                               or
                                                                                                                                               related
                                                                                                                                               representation
                                                                                                                                               or
                                                                                                                                               agreement
                                                                                                                                               made
                                                                                                                                               by
                                                                                                                                               the
                                                                                                                                               Company
                                                                                                                                               and
                                                                                                                                               or
                                                                                                                                               any
                                                                                                                                               of
                                                                                                                                               its
                                                                                                                                               officers,
                                                                                                                                               which
                                                                                                                                               shall
                                                                                                                                               include,
                                                                                                                                               without
                                                                                                                                               limitation,
                                                                                                                                               the
                                                                                                                                               failure
                                                                                                                                               to
                                                                                                                                               deliver
                                                                                                                                               shares
                                                                                                                                               of
                                                                                                                                               common
                                                                                                                                               stock
                                                                                                                                               due
                                                                                                                                               Claimant
                                                                                                                                               on
                                                                                                                                               a
                                                                                                                                               conversion
                                                                                                                                               within
                                                                                                                                               four
                                                                                                                                               Business
                                                                                                                                               Days
                                                                                                                                               from
                                                                                                                                               the
                                                                                                                                               date
                                                                                                                                               of
                                                                                                                                               conversion
                                                                                                                                               or
                                                                                                                                               sooner,
                                                                                                                                               which
                                                                                                                                               delivery
                                                                                                                                               must
                                                                                                                                               be
                                                                                                                                               otherwise
                                                                                                                                               made
                                                                                                                                               per
                                                                                                                                               reasonable
                                                                                                                                               specifications
                                                                                                                                               of
                                                                                                                                               the
                                                                                                                                               Claimant
                                                                                                                                               (e.g.
                                                                                                                                               to
                                                                                                                                               brokerage
                                                                                                                                               firm
                                                                                                                                               account).

 

If
any Event of Default occurs and is continuing, the full Principal amount of this Agreement, together with Interest and other amounts
owing in respect thereof, shall become immediately due and payable in cash except the Claimant may elect any part thereof to be
paid in Shares as part of any conversion hereunder in which case such Shares shall be due.

 

5.
Conversion of Debt into Common Stock.

	 		 

	(A)		At
                                                                                                                                               any
                                                                                                                                               time
                                                                                                                                               until
                                                                                                                                               both
                                                                                                                                               the
                                                                                                                                               Principal
                                                                                                                                               and
                                                                                                                                               Interest
                                                                                                                                               is
                                                                                                                                               paid
                                                                                                                                               in
                                                                                                                                               full
                                                                                                                                               by
                                                                                                                                               the
                                                                                                                                               Company
                                                                                                                                               and
                                                                                                                                               this
                                                                                                                                               Agreement
                                                                                                                                               is
                                                                                                                                               no
                                                                                                                                               longer
                                                                                                                                               outstanding,
                                                                                                                                               the
                                                                                                                                               Principal
                                                                                                                                               shall
                                                                                                                                               be
                                                                                                                                               convertible
                                                                                                                                               into
                                                                                                                                               shares
                                                                                                                                               of
                                                                                                                                               common
                                                                                                                                               stock
                                                                                                                                               of
                                                                                                                                               the
                                                                                                                                               Company
                                                                                                                                               at
                                                                                                                                               a
                                                                                                                                               price
                                                                                                                                               of
                                                                                                                                               at
                                                                                                                                               a
                                                                                                                                               conversion
                                                                                                                                               price
                                                                                                                                               of
                                                                                                                                               $0.02
                                                                                                                                               per
                                                                                                                                               share.
                                                                                                                                               The
                                                                                                                                               Claimant
                                                                                                                                               shall
                                                                                                                                               effect
                                                                                                                                               conversion
                                                                                                                                               by
                                                                                                                                               delivering
                                                                                                                                               to
                                                                                                                                               the
                                                                                                                                               Company
                                                                                                                                               the
                                                                                                                                               form
                                                                                                                                               of
                                                                                                                                               Notice
                                                                                                                                               of
                                                                                                                                               Conversion
                                                                                                                                               attached
                                                                                                                                               hereto
                                                                                                                                               as
                                                                                                                                               Exhibit
                                                                                                                                               A
                                                                                                                                               (a
                                                                                                                                               "Notice
                                                                                                                                               of
                                                                                                                                               Conversion"),
                                                                                                                                               specifying
                                                                                                                                               the
                                                                                                                                               date
                                                                                                                                               on
                                                                                                                                               which
                                                                                                                                               such
                                                                                                                                               conversion
                                                                                                                                               is
                                                                                                                                               to
                                                                                                                                               be
                                                                                                                                               effected
                                                                                                                                               (a
                                                                                                                                               "Conversion
                                                                                                                                               Date")
                                                                                                                                               and
                                                                                                                                               Shares
                                                                                                                                               shall
                                                                                                                                               then
                                                                                                                                               be
                                                                                                                                               delivered
                                                                                                                                               by
                                                                                                                                               the
                                                                                                                                               Company
                                                                                                                                               within
                                                                                                                                               four
                                                                                                                                               Business
                                                                                                                                               Days.

	 		 

	(B)		The
                                                                                                                                               Company
                                                                                                                                               covenants
                                                                                                                                               that
                                                                                                                                               it
                                                                                                                                               will
                                                                                                                                               at
                                                                                                                                               all
                                                                                                                                               times
                                                                                                                                               reserve
                                                                                                                                               and
                                                                                                                                               keep
                                                                                                                                               available
                                                                                                                                               out
                                                                                                                                               of
                                                                                                                                               its
                                                                                                                                               authorized
                                                                                                                                               and
                                                                                                                                               unissued
                                                                                                                                               shares
                                                                                                                                               of
                                                                                                                                               Common
                                                                                                                                               Stock
                                                                                                                                               solely
                                                                                                                                               for
                                                                                                                                               the
                                                                                                                                               purpose
                                                                                                                                               of
                                                                                                                                               issuance
                                                                                                                                               upon
                                                                                                                                               conversion
                                                                                                                                               of
                                                                                                                                               this
                                                                                                                                               Agreement.
                                                                                                                                               Claimant
                                                                                                                                               agrees
                                                                                                                                               to
                                                                                                                                               not
                                                                                                                                               engage
                                                                                                                                               in
                                                                                                                                               any
                                                                                                                                               activities
                                                                                                                                               or
                                                                                                                                               strategies
                                                                                                                                               that
                                                                                                                                               would
                                                                                                                                               depress
                                                                                                                                               the
                                                                                                                                               trading
                                                                                                                                               price
                                                                                                                                               of
                                                                                                                                               the
                                                                                                                                               Company’s
                                                                                                                                               Common
                                                                                                                                               Stock,
                                                                                                                                               such
                                                                                                                                               as
                                                                                                                                               short
                                                                                                                                               selling,
                                                                                                                                               hedging,
                                                                                                                                               or
                                                                                                                                               selling
                                                                                                                                               more
                                                                                                                                               than
                                                                                                                                               (i)
                                                                                                                                               $15,000
                                                                                                                                               in
                                                                                                                                               Common
                                                                                                                                               Stock
                                                                                                                                               in
                                                                                                                                               one
                                                                                                                                               day,
                                                                                                                                               or
                                                                                                                                               (ii)
                                                                                                                                               30%
                                                                                                                                               of
                                                                                                                                               the
                                                                                                                                               trading
                                                                                                                                               volume
                                                                                                                                               in
                                                                                                                                               shares
                                                                                                                                               of
                                                                                                                                               Common
                                                                                                                                               Stock
                                                                                                                                               in
                                                                                                                                               one
                                                                                                                                               day,
                                                                                                                                               whichever
                                                                                                                                               limit
                                                                                                                                               is
                                                                                                                                               higher.

	 		 

	(C)		Any
                                                                                                                                               notice
                                                                                                                                               or
                                                                                                                                               other
                                                                                                                                               communication
                                                                                                                                               or
                                                                                                                                               deliveries
                                                                                                                                               hereunder
                                                                                                                                               shall
                                                                                                                                               be
                                                                                                                                               deemed
                                                                                                                                               given
                                                                                                                                               and
                                                                                                                                               effective
                                                                                                                                               on
                                                                                                                                               the
                                                                                                                                               earliest
                                                                                                                                               of
                                                                                                                                               (i)
                                                                                                                                               the
                                                                                                                                               date
                                                                                                                                               of
                                                                                                                                               transmission,
                                                                                                                                               (ii)
                                                                                                                                               the
                                                                                                                                               date
                                                                                                                                               after
                                                                                                                                               the
                                                                                                                                               date
                                                                                                                                               of
                                                                                                                                               transmission,
                                                                                                                                               if
                                                                                                                                               such
                                                                                                                                               notice
                                                                                                                                               or
                                                                                                                                               communication
                                                                                                                                               is
                                                                                                                                               delivered
                                                                                                                                               via
                                                                                                                                               facsimile,
                                                                                                                                               (iii)
                                                                                                                                               the
                                                                                                                                               first
                                                                                                                                               Business
                                                                                                                                               Day
                                                                                                                                               following
                                                                                                                                               the
                                                                                                                                               date
                                                                                                                                               of
                                                                                                                                               mailing,
                                                                                                                                               if
                                                                                                                                               sent
                                                                                                                                               by
                                                                                                                                               nationally
                                                                                                                                               recognized
                                                                                                                                               overnight
                                                                                                                                               courier
                                                                                                                                               service,
                                                                                                                                               or
                                                                                                                                               (iv)
                                                                                                                                               upon
                                                                                                                                               actual
                                                                                                                                               receipt
                                                                                                                                               by
                                                                                                                                               the
                                                                                                                                               party
                                                                                                                                               to
                                                                                                                                               whom
                                                                                                                                               such
                                                                                                                                               notice
                                                                                                                                               is
                                                                                                                                               required
                                                                                                                                               to
                                                                                                                                               be
                                                                                                                                               given.

	 		 

	(D)		Notwithstanding
                                                                                                                                             anything
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             contrary
                                                                                                                                             herein
                                                                                                                                             contained,
                                                                                                                                             the
                                                                                                                                             Claimant
                                                                                                                                             may
                                                                                                                                             not
                                                                                                                                             convert
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             extent
                                                                                                                                             such
                                                                                                                                             conversion
                                                                                                                                             would
                                                                                                                                             result
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             Claimant,
                                                                                                                                             together
                                                                                                                                             with
                                                                                                                                             any
                                                                                                                                             affiliate
                                                                                                                                             thereof,
                                                                                                                                             beneficially
                                                                                                                                             owning
                                                                                                                                             (as
                                                                                                                                             determined
                                                                                                                                             in
                                                                                                                                             accordance
                                                                                                                                             with
                                                                                                                                             Section
                                                                                                                                             13(d)
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             Securities
                                                                                                                                             Exchange
                                                                                                                                             Act
                                                                                                                                             of
                                                                                                                                             1934,
                                                                                                                                             as
                                                                                                                                             amended
                                                                                                                                             (the
                                                                                                                                             "Exchange
                                                                                                                                             Act")
                                                                                                                                             and
                                                                                                                                             the
                                                                                                                                             rules
                                                                                                                                             promulgated
                                                                                                                                             thereunder)
                                                                                                                                             in
                                                                                                                                             excess
                                                                                                                                             of
                                                                                                                                             4.99%
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             then
                                                                                                                                             issued
                                                                                                                                             and
                                                                                                                                             outstanding
                                                                                                                                             shares
                                                                                                                                             of
                                                                                                                                             Common
                                                                                                                                             Stock.

	 		 

	(E)		In
                                                                                                                                               conjunction
                                                                                                                                               with
                                                                                                                                               the
                                                                                                                                               granting
                                                                                                                                               of
                                                                                                                                               conversion
                                                                                                                                               rights
                                                                                                                                               to
                                                                                                                                               the
                                                                                                                                               Claimant,
                                                                                                                                               Claimant
                                                                                                                                               shall
                                                                                                                                               cancel
                                                                                                                                               debt
                                                                                                                                               assigned
                                                                                                                                               to
                                                                                                                                               it
                                                                                                                                               from
                                                                                                                                               LV
                                                                                                                                               Administrative
                                                                                                                                               Services,
                                                                                                                                               Ltd.
                                                                                                                                               (“LV”)
                                                                                                                                               in
                                                                                                                                               accordance
                                                                                                                                               with
                                                                                                                                               the
                                                                                                                                               following
                                                                                                                                               schedule:

 

	(1)		With
                                                                                                                                             the
                                                                                                                                             first
                                                                                                                                             assignment
                                                                                                                                             of
                                                                                                                                             debt
                                                                                                                                             to
                                                                                                                                             Claimant
                                                                                                                                             from
                                                                                                                                             LV,
                                                                                                                                             Claimant
                                                                                                                                             shall
                                                                                                                                             immediately
                                                                                                                                             cancel
                                                                                                                                             all
                                                                                                                                             debt
                                                                                                                                             assigned
                                                                                                                                             to
                                                                                                                                             it,
                                                                                                                                             except
                                                                                                                                             for
                                                                                                                                             $100,000.
                                                                                                                                             Of
                                                                                                                                             the
                                                                                                                                             $100,000
                                                                                                                                             balance
                                                                                                                                             owed
                                                                                                                                             by
                                                                                                                                             Company
                                                                                                                                             to
                                                                                                                                             Claimant,
                                                                                                                                             the
                                                                                                                                             full
                                                                                                                                             amount
                                                                                                                                             or
                                                                                                                                             any
                                                                                                                                             portion
                                                                                                                                             thereof
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             convertible
                                                                                                                                             into
                                                                                                                                             Shares
                                                                                                                                             at
                                                                                                                                             a
                                                                                                                                             conversion
                                                                                                                                             rate
                                                                                                                                             of
                                                                                                                                             $0.02
                                                                                                                                             per
                                                                                                                                             share.

 

	(2)		For
                                                                                                                                             each
                                                                                                                                             additional
                                                                                                                                             assignment
                                                                                                                                             of
                                                                                                                                             debt
                                                                                                                                             from
                                                                                                                                             LV
                                                                                                                                             to
                                                                                                                                             Claimant,
                                                                                                                                             the
                                                                                                                                             entire
                                                                                                                                             amount
                                                                                                                                             of
                                                                                                                                             debt
                                                                                                                                             assigned
                                                                                                                                             to
                                                                                                                                             Claimant,
                                                                                                                                             less
                                                                                                                                             the
                                                                                                                                             actual
                                                                                                                                             cash
                                                                                                                                             payment
                                                                                                                                             sent
                                                                                                                                             to
                                                                                                                                             LV
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             cancelled,
                                                                                                                                             and
                                                                                                                                             the
                                                                                                                                             portion
                                                                                                                                             of
                                                                                                                                             debt
                                                                                                                                             not
                                                                                                                                             cancelled
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             convertible
                                                                                                                                             in
                                                                                                                                             accordance
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             provisions
                                                                                                                                             of
                                                                                                                                             paragraph
                                                                                                                                             5
                                                                                                                                             (A)
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement.

 

	(3)		Any
                                                                                                                                             remaining
                                                                                                                                             balance
                                                                                                                                             of
                                                                                                                                             debt
                                                                                                                                             assigned
                                                                                                                                             from
                                                                                                                                             LV
                                                                                                                                             to
                                                                                                                                             Claimant
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             adjusted
                                                                                                                                             or
                                                                                                                                             canceled
                                                                                                                                             so
                                                                                                                                             that
                                                                                                                                             principal
                                                                                                                                             amounts
                                                                                                                                             due
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Company
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Claimant,
                                                                                                                                             and
                                                                                                                                             paid
                                                                                                                                             via
                                                                                                                                             conversions
                                                                                                                                             into
                                                                                                                                             stock,
                                                                                                                                             prepayments
                                                                                                                                             or
                                                                                                                                             other
                                                                                                                                             methods,
                                                                                                                                             shall
                                                                                                                                             not
                                                                                                                                             exceed
                                                                                                                                             $450,000
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             aggregate,
                                                                                                                                             for
                                                                                                                                             the
                                                                                                                                             assignment
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Claimant
                                                                                                                                             of
                                                                                                                                             all
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             debt
                                                                                                                                             owed
                                                                                                                                             to
                                                                                                                                             LV
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             Company.

 

6.
Herein meanings are, unless otherwise defined herein:

 

"Business
Day" means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a day
on which banking institutions in the State of New York are authorized or required by law or other government action to close.
Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made
on the next succeeding Business Day.

 

"Common
Stock" means the common stock of the Company and stock of any other class into which such shares may hereafter have been
reclassified or changed.

 

"Person"
means a corporation, an association, a partnership, organization, a business, an individual, a government or political subdivision
thereof or a governmental agency.

 

"Securities
Act" means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

 

7.
Claimant Status Claimant represents and the Company confirms such representation, as follows:

 

	(A)		Claimant
                                                                                                                                             believes
                                                                                                                                             it
                                                                                                                                             is
                                                                                                                                             not
                                                                                                                                             an
                                                                                                                                             affiliate,
                                                                                                                                             now
                                                                                                                                             or
                                                                                                                                             by
                                                                                                                                             way
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement;
                                                                                                                                             and

	 		 

	(B)		Claimant
                                                                                                                                               is
                                                                                                                                               (i)
                                                                                                                                               an
                                                                                                                                               "accredited
                                                                                                                                               investor"
                                                                                                                                               as
                                                                                                                                               that
                                                                                                                                               term
                                                                                                                                               is
                                                                                                                                               defined
                                                                                                                                               in
                                                                                                                                               Rule
                                                                                                                                               501
                                                                                                                                               of
                                                                                                                                               the
                                                                                                                                               General
                                                                                                                                               Rules
                                                                                                                                               and
                                                                                                                                               Regulations
                                                                                                                                               under
                                                                                                                                               the
                                                                                                                                               Securities
                                                                                                                                               Act
                                                                                                                                               of
                                                                                                                                               1933,
                                                                                                                                               as
                                                                                                                                               amended,
                                                                                                                                               the
                                                                                                                                               "Act"
                                                                                                                                               by
                                                                                                                                               reason
                                                                                                                                               of
                                                                                                                                               Rule
                                                                                                                                               501
                                                                                                                                               and
                                                                                                                                               (ii)
                                                                                                                                               able,
                                                                                                                                               by
                                                                                                                                               reason
                                                                                                                                               of
                                                                                                                                               the
                                                                                                                                               business
                                                                                                                                               and
                                                                                                                                               financial
                                                                                                                                               experience,
                                                                                                                                               a
                                                                                                                                               sophisticated
                                                                                                                                               investor.

 

8.
Miscellaneous

 

		A.	Gender.
                                                                                                                           Wherever
                                                                                                                           the
                                                                                                                           context
                                                                                                                           shall
                                                                                                                           require,
                                                                                                                           all
                                                                                                                           words
                                                                                                                           herein
                                                                                                                           in
                                                                                                                           the
                                                                                                                           masculine
                                                                                                                           gender
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           deemed
                                                                                                                           to
                                                                                                                           include
                                                                                                                           the
                                                                                                                           feminine
                                                                                                                           or
                                                                                                                           neuter
                                                                                                                           gender,
                                                                                                                           all
                                                                                                                           singular
                                                                                                                           words
                                                                                                                           shall
                                                                                                                           include
                                                                                                                           the
                                                                                                                           plural,
                                                                                                                           and
                                                                                                                           all
                                                                                                                           plural
                                                                                                                           shall
                                                                                                                           include
                                                                                                                           the
                                                                                                                           singular.

 

		B.	Severability.
                                                                                                                           If
                                                                                                                           any
                                                                                                                           provision
                                                                                                                           hereof
                                                                                                                           is
                                                                                                                           deemed
                                                                                                                           unenforceable
                                                                                                                           by
                                                                                                                           a court
                                                                                                                           of
                                                                                                                           competent
                                                                                                                           jurisdiction,
                                                                                                                           the
                                                                                                                           remainder
                                                                                                                           of
                                                                                                                           this
                                                                                                                           Agreement,
                                                                                                                           and
                                                                                                                           the
                                                                                                                           application
                                                                                                                           of
                                                                                                                           such
                                                                                                                           provision
                                                                                                                           in
                                                                                                                           other
                                                                                                                           circumstances
                                                                                                                           shall
                                                                                                                           not
                                                                                                                           be
                                                                                                                           affected
                                                                                                                           thereby.

 

		C.	Waiver.
                                                                                                                           No
                                                                                                                           waiver
                                                                                                                           of
                                                                                                                           any
                                                                                                                           provision
                                                                                                                           of
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           valid
                                                                                                                           unless
                                                                                                                           in
                                                                                                                           writing
                                                                                                                           and
                                                                                                                           signed
                                                                                                                           by
                                                                                                                           the
                                                                                                                           waiving
                                                                                                                           party.
                                                                                                                           The
                                                                                                                           failure
                                                                                                                           of
                                                                                                                           any
                                                                                                                           party
                                                                                                                           at
                                                                                                                           any
                                                                                                                           time
                                                                                                                           to
                                                                                                                           insist
                                                                                                                           upon
                                                                                                                           strict
                                                                                                                           performance
                                                                                                                           of
                                                                                                                           any
                                                                                                                           condition,
                                                                                                                           promise,
                                                                                                                           agreement
                                                                                                                           or
                                                                                                                           understanding
                                                                                                                           set
                                                                                                                           forth
                                                                                                                           herein,
                                                                                                                           shall
                                                                                                                           not
                                                                                                                           be
                                                                                                                           construed
                                                                                                                           as
                                                                                                                           a waiver
                                                                                                                           or
                                                                                                                           relinquishment
                                                                                                                           of
                                                                                                                           any
                                                                                                                           other
                                                                                                                           condition,
                                                                                                                           promise,
                                                                                                                           agreement
                                                                                                                           or
                                                                                                                           understanding
                                                                                                                           set
                                                                                                                           forth
                                                                                                                           herein
                                                                                                                           or
                                                                                                                           of
                                                                                                                           the
                                                                                                                           right
                                                                                                                           to
                                                                                                                           insist
                                                                                                                           upon
                                                                                                                           strict
                                                                                                                           performance
                                                                                                                           of
                                                                                                                           such
                                                                                                                           waived
                                                                                                                           condition,
                                                                                                                           promise,
                                                                                                                           agreement
                                                                                                                           or
                                                                                                                           understanding
                                                                                                                           at
                                                                                                                           any
                                                                                                                           other
                                                                                                                           time.

 

		D.	Expenses.
                                                                                                                           Except
                                                                                                                           as
                                                                                                                           otherwise
                                                                                                                           provided
                                                                                                                           herein,
                                                                                                                           or
                                                                                                                           agreed
                                                                                                                           in
                                                                                                                           writing,
                                                                                                                           each
                                                                                                                           party
                                                                                                                           hereto
                                                                                                                           shall
                                                                                                                           bear
                                                                                                                           all
                                                                                                                           expenses
                                                                                                                           incurred
                                                                                                                           by
                                                                                                                           each
                                                                                                                           such
                                                                                                                           party
                                                                                                                           in
                                                                                                                           connection
                                                                                                                           with
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           and
                                                                                                                           in
                                                                                                                           the
                                                                                                                           consummation
                                                                                                                           of
                                                                                                                           the
                                                                                                                           transactions
                                                                                                                           contemplated
                                                                                                                           hereby
                                                                                                                           and
                                                                                                                           in
                                                                                                                           preparation
                                                                                                                           thereof.

 

		E.	Amendment.
                                                                                                                           This
                                                                                                                           Agreement
                                                                                                                           may
                                                                                                                           only
                                                                                                                           be
                                                                                                                           amended
                                                                                                                           or
                                                                                                                           modified
                                                                                                                           at
                                                                                                                           any
                                                                                                                           time,
                                                                                                                           and
                                                                                                                           from
                                                                                                                           time
                                                                                                                           to
                                                                                                                           time,
                                                                                                                           in
                                                                                                                           writing,
                                                                                                                           executed
                                                                                                                           by
                                                                                                                           the
                                                                                                                           parties
                                                                                                                           hereto.

 

		F.	Notices.
                                                                                                                           Any
                                                                                                                           notice,
                                                                                                                           communication,
                                                                                                                           request,
                                                                                                                           reply
                                                                                                                           or
                                                                                                                           advice
                                                                                                                           (hereinafter
                                                                                                                           severally
                                                                                                                           and
                                                                                                                           collectively
                                                                                                                           called
                                                                                                                           "Notice”)
                                                                                                                           in
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           provided
                                                                                                                           or
                                                                                                                           permitted
                                                                                                                           to
                                                                                                                           be
                                                                                                                           given,
                                                                                                                           may
                                                                                                                           be
                                                                                                                           made
                                                                                                                           or
                                                                                                                           be
                                                                                                                           served
                                                                                                                           by
                                                                                                                           delivering
                                                                                                                           same
                                                                                                                           by
                                                                                                                           overnight
                                                                                                                           mail
                                                                                                                           or
                                                                                                                           by
                                                                                                                           delivering
                                                                                                                           the
                                                                                                                           same
                                                                                                                           by
                                                                                                                           a hand-delivery
                                                                                                                           service,
                                                                                                                           such
                                                                                                                           Notice
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           deemed
                                                                                                                           given
                                                                                                                           when
                                                                                                                           so
                                                                                                                           delivered
                                                                                                                           or
                                                                                                                           sooner
                                                                                                                           as
                                                                                                                           stated
                                                                                                                           within
                                                                                                                           this
                                                                                                                           Agreement.

 

		G.	Captions.
                                                                                                                           Captions
                                                                                                                           herein
                                                                                                                           are
                                                                                                                           for
                                                                                                                           the
                                                                                                                           convenience
                                                                                                                           of
                                                                                                                           the
                                                                                                                           parties
                                                                                                                           and
                                                                                                                           shall
                                                                                                                           not
                                                                                                                           affect
                                                                                                                           the
                                                                                                                           interpretation
                                                                                                                           of
                                                                                                                           this
                                                                                                                           Agreement.

 

		H.	Counterpart
                                                                                                                           Execution.
                                                                                                                           This
                                                                                                                           Agreement
                                                                                                                           may
                                                                                                                           be
                                                                                                                           executed
                                                                                                                           in
                                                                                                                           two
                                                                                                                           or
                                                                                                                           more
                                                                                                                           counterparts,
                                                                                                                           each
                                                                                                                           of
                                                                                                                           which
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           deemed
                                                                                                                           an
                                                                                                                           original,
                                                                                                                           but
                                                                                                                           all
                                                                                                                           of
                                                                                                                           which
                                                                                                                           together
                                                                                                                           shall
                                                                                                                           constitute
                                                                                                                           one
                                                                                                                           and
                                                                                                                           the
                                                                                                                           same
                                                                                                                           instrument
                                                                                                                           and
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           may
                                                                                                                           be
                                                                                                                           executed
                                                                                                                           by
                                                                                                                           fax
                                                                                                                           or
                                                                                                                           email.

 

		I.	Assignment.
                                                                                                                           This
                                                                                                                           Agreement
                                                                                                                           is
                                                                                                                           not
                                                                                                                           assignable
                                                                                                                           without
                                                                                                                           the
                                                                                                                           written
                                                                                                                           consent
                                                                                                                           of
                                                                                                                           the
                                                                                                                           parties
                                                                                                                           except
                                                                                                                           Claimant
                                                                                                                           has
                                                                                                                           the
                                                                                                                           right
                                                                                                                           to
                                                                                                                           assign
                                                                                                                           the
                                                                                                                           obligations
                                                                                                                           and
                                                                                                                           Shares
                                                                                                                           owed
                                                                                                                           to
                                                                                                                           it
                                                                                                                           hereunder
                                                                                                                           as
                                                                                                                           it
                                                                                                                           may
                                                                                                                           determine.

 

		J.	Parties
                                                                                                                           in
                                                                                                                           Interest
                                                                                                                           and
                                                                                                                           Affiliates.
                                                                                                                           Provisions
                                                                                                                           of
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           binding
                                                                                                                           upon
                                                                                                                           and
                                                                                                                           inure
                                                                                                                           to
                                                                                                                           the
                                                                                                                           benefit
                                                                                                                           of
                                                                                                                           and
                                                                                                                           be
                                                                                                                           enforceable
                                                                                                                           by
                                                                                                                           the
                                                                                                                           parties,
                                                                                                                           their
                                                                                                                           heirs,
                                                                                                                           executors,
                                                                                                                           administrators,
                                                                                                                           other
                                                                                                                           permitted
                                                                                                                           successors
                                                                                                                           and
                                                                                                                           assigns,
                                                                                                                           if
                                                                                                                           any.
                                                                                                                           Nothing
                                                                                                                           contained
                                                                                                                           in
                                                                                                                           this
                                                                                                                           Agreement,
                                                                                                                           whether
                                                                                                                           express
                                                                                                                           or
                                                                                                                           implied,
                                                                                                                           is
                                                                                                                           intended
                                                                                                                           to
                                                                                                                           confer
                                                                                                                           any
                                                                                                                           rights
                                                                                                                           or
                                                                                                                           remedies
                                                                                                                           under
                                                                                                                           or
                                                                                                                           by
                                                                                                                           reason
                                                                                                                           of
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           on
                                                                                                                           any
                                                                                                                           persons
                                                                                                                           other
                                                                                                                           than
                                                                                                                           the
                                                                                                                           parties
                                                                                                                           to
                                                                                                                           it
                                                                                                                           and
                                                                                                                           their
                                                                                                                           respective
                                                                                                                           successors
                                                                                                                           and
                                                                                                                           assigns.
                                                                                                                           For
                                                                                                                           this
                                                                                                                           Agreement,
                                                                                                                           affiliated
                                                                                                                           or
                                                                                                                           affiliate,
                                                                                                                           either
                                                                                                                           word
                                                                                                                           being
                                                                                                                           capitalized
                                                                                                                           or
                                                                                                                           not
                                                                                                                           herein,
                                                                                                                           shall
                                                                                                                           mean
                                                                                                                           controlling,
                                                                                                                           controlled
                                                                                                                           by
                                                                                                                           or
                                                                                                                           under
                                                                                                                           direct
                                                                                                                           or
                                                                                                                           indirect
                                                                                                                           common
                                                                                                                           control
                                                                                                                           with
                                                                                                                           such
                                                                                                                           person
                                                                                                                           and
                                                                                                                           includes
                                                                                                                           shareholders,
                                                                                                                           officers,
                                                                                                                           directors,
                                                                                                                           advisors,
                                                                                                                           employees,
                                                                                                                           attorneys,
                                                                                                                           accountants,
                                                                                                                           auditors,
                                                                                                                           subsidiaries,
                                                                                                                           parent
                                                                                                                           companies,
                                                                                                                           related
                                                                                                                           companies
                                                                                                                           and
                                                                                                                           founders,
                                                                                                                           to
                                                                                                                           broadly
                                                                                                                           defined,
                                                                                                                           to
                                                                                                                           be
                                                                                                                           interpreted
                                                                                                                           to
                                                                                                                           protect
                                                                                                                           the
                                                                                                                           Claimant,
                                                                                                                           beyond
                                                                                                                           just
                                                                                                                           persons
                                                                                                                           and
                                                                                                                           firms
                                                                                                                           customarily
                                                                                                                           considered
                                                                                                                           affiliated
                                                                                                                           under
                                                                                                                           federal
                                                                                                                           securities
                                                                                                                           laws
                                                                                                                           and
                                                                                                                           regulations.

 

		K.	Entire
                                                                                                                           Agreement.
                                                                                                                           This
                                                                                                                           Agreement
                                                                                                                           constitutes
                                                                                                                           the
                                                                                                                           entire
                                                                                                                           agreement
                                                                                                                           and
                                                                                                                           understanding
                                                                                                                           of
                                                                                                                           the
                                                                                                                           parties
                                                                                                                           on
                                                                                                                           the
                                                                                                                           subject
                                                                                                                           matter
                                                                                                                           hereof
                                                                                                                           and
                                                                                                                           supersedes
                                                                                                                           all
                                                                                                                           prior
                                                                                                                           recent
                                                                                                                           settlement
                                                                                                                           discussions
                                                                                                                           and
                                                                                                                           verbal
                                                                                                                           agreements.

 

		M.	Construction
                                                                                                                           and
                                                                                                                           Misc.
                                                                                                                           This
                                                                                                                           Agreement
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           governed
                                                                                                                           exclusively
                                                                                                                           by
                                                                                                                           the
                                                                                                                           laws
                                                                                                                           of
                                                                                                                           the
                                                                                                                           State
                                                                                                                           of
                                                                                                                           New
                                                                                                                           York
                                                                                                                           without
                                                                                                                           reference
                                                                                                                           to
                                                                                                                           conflict
                                                                                                                           of
                                                                                                                           laws
                                                                                                                           and
                                                                                                                           the
                                                                                                                           exclusive
                                                                                                                           venue
                                                                                                                           for
                                                                                                                           any
                                                                                                                           action,
                                                                                                                           claim
                                                                                                                           or
                                                                                                                           dispute
                                                                                                                           in
                                                                                                                           respect
                                                                                                                           of
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           such
                                                                                                                           court
                                                                                                                           of
                                                                                                                           competent
                                                                                                                           jurisdiction
                                                                                                                           as
                                                                                                                           is
                                                                                                                           located
                                                                                                                           in
                                                                                                                           New
                                                                                                                           York
                                                                                                                           County
                                                                                                                           New
                                                                                                                           York
                                                                                                                           as
                                                                                                                           the
                                                                                                                           sole
                                                                                                                           venue.
                                                                                                                           The
                                                                                                                           parties
                                                                                                                           agree
                                                                                                                           and
                                                                                                                           acknowledge
                                                                                                                           that
                                                                                                                           each
                                                                                                                           has
                                                                                                                           reviewed
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           and
                                                                                                                           the
                                                                                                                           normal
                                                                                                                           rule
                                                                                                                           of
                                                                                                                           construction
                                                                                                                           that
                                                                                                                           agreements
                                                                                                                           are
                                                                                                                           to
                                                                                                                           be
                                                                                                                           construed
                                                                                                                           against
                                                                                                                           the
                                                                                                                           drafting
                                                                                                                           party
                                                                                                                           shall
                                                                                                                           not
                                                                                                                           apply
                                                                                                                           in
                                                                                                                           respect
                                                                                                                           of
                                                                                                                           this
                                                                                                                           Agreement
                                                                                                                           given
                                                                                                                           the
                                                                                                                           parties
                                                                                                                           have
                                                                                                                           mutually
                                                                                                                           negotiated
                                                                                                                           and
                                                                                                                           drafted
                                                                                                                           this
                                                                                                                           Agreement.
                                                                                                                           The
                                                                                                                           Company
                                                                                                                           irrevocably
                                                                                                                           submits
                                                                                                                           to
                                                                                                                           the
                                                                                                                           exclusive
                                                                                                                           jurisdiction
                                                                                                                           stated
                                                                                                                           herein
                                                                                                                           and
                                                                                                                           the
                                                                                                                           parties
                                                                                                                           hereto
                                                                                                                           agree
                                                                                                                           that
                                                                                                                           a final
                                                                                                                           judgment
                                                                                                                           in
                                                                                                                           any
                                                                                                                           such
                                                                                                                           action
                                                                                                                           or
                                                                                                                           proceeding
                                                                                                                           shall
                                                                                                                           be
                                                                                                                           conclusive
                                                                                                                           and
                                                                                                                           may
                                                                                                                           be
                                                                                                                           enforced
                                                                                                                           in
                                                                                                                           other
                                                                                                                           jurisdictions
                                                                                                                           by
                                                                                                                           suit
                                                                                                                           on
                                                                                                                           the
                                                                                                                           judgment
                                                                                                                           or
                                                                                                                           in
                                                                                                                           any
                                                                                                                           other
                                                                                                                           manner
                                                                                                                           provided
                                                                                                                           by
                                                                                                                           law.
                                                                                                                           The
                                                                                                                           parties
                                                                                                                           hereto
                                                                                                                           further
                                                                                                                           waive
                                                                                                                           any
                                                                                                                           objection
                                                                                                                           to
                                                                                                                           venue
                                                                                                                           in
                                                                                                                           the
                                                                                                                           said
                                                                                                                           place.

 

 

Effective
Date: February 6, 2013

Principal
Amount due hereunder: $450,000.

Purchase
Price: $350,000

Interest
due hereunder: 0% per annum

Maturity
Date: Date that is 18 months from this Effective Date

Description
of Debt: Purchase of debt

Assignor:
LV Administrative Services, Ltd.

Name
of Company: Pervasip Corp

State
of Incorporation of Company: New York

Address
of Company: 75 South Broadway #400,White Plains, NY 10601

Name
of Claimant: NetCapital.com, LLC

 

The
undersigned hereby execute this document, which shall be deemed effective on the Effective Date noted:

 

"Company/Debtor"

	PERVASIP
    CORP.
	 	 	 
	 	 	 
	By:	/s/
                                                                                                                                    Paul
                                                                                                                                    H.
                                                                                                                                    Riss	 
	 	Name:
                                                                                                                                         Paul
                                                                                                                                         H.
                                                                                                                                         Riss	 
	 	Title:
                                                                                                                                         Chief
                                                                                                                                         Executive
                                                                                                                                         Officer	 

 

 

“Claimant”

 

 

	NetCapital.com
    LLC
	 	 	 
	 	 	 
	By:	/s/
                                                                                                                                    John
                                                                                                                                    Fanning	 
	 	Name:
                                                                                                                                         John
                                                                                                                                         Fanning	 
	 	Title:
                                                                                                                                         Authorized
                                                                                                                                         Signatory	 

 

Exhibit
A

FORM
NOTICE OF CONVERSION

 

The
undersigned hereby elects to convert principal under the Securities Settlement Agreement of the "Company" noted below,
dated February 6, 2013 into shares of common stock (the "Common Stock") of the Company according to the conditions hereof,
as of the date written below. If shares are to be issued in the name of a person other than the undersigned, the undersigned will
pay a reasonable transfer expense payable with respect thereto.

 

 

Company
Name: Pervasip Corp.

 

Date
to Effect Conversion: _____________

 

Conversion
Price: $0.02 per Share:

 

Principal
Amount of Agreement to be converted: ___________________

 

Number
of shares of Common Stock to be issued: ___________________

 

 

	NetCapital.com
    LLC
	 	 	 
	 	 	 
	By:	/s/
                                                                                                                                    	 
	 	Name:	 
	 	Title:
                                                                                                                                         Authorized
                                                                                                                                         Signatory	 

 

Send
Shares Via Federal Express to: 

	 

         

 

_____________________

 _____________________

 _____________________Exhibit 10.2  

ASSIGNMENT
AND ASSUMPTION AGREEMENT

THIS
AGREEMENT is made as of the Effective Date below by and between the undersigned assignor on behalf of the Holders (as hereafter
defined) (“Assignor”) and the undersigned assignee (“Assignee” and with Assignor, the “Parties”)
and is joined in by the subject debtor “Trading Company” or “Borrower,” identified on the signature page
hereof, for the express purpose stated.

RECITALS

WHEREAS,
the Holders hold debt securities in at least the aggregate principal amount stated on the signature
page hereto (the “Debt”) in the Borrower; and

WHEREAS,
the Holders have designated Assignor as their agent for purposes of assigning and transferring the Debt including their rights
in the Debt to the Assignee and the Assignee wishes to accept such assignment, purchase and transfer, all subject to the terms
and conditions herein;

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants contained herein, and for other good and valuable
considerations, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

1.
Debt.

	 		 

	A.		The
                                                                                                                                                                                           Assignor
                                                                                                                                                                                           represents
                                                                                                                                                                                           that
                                                                                                                                                                                           no
                                                                                                                                                                                           Holder
                                                                                                                                                                                           is
                                                                                                                                                                                           or
                                                                                                                                                                                           has
                                                                                                                                                                                           been
                                                                                                                                                                                           an
                                                                                                                                                                                           affiliate,
                                                                                                                                                                                           meaning
                                                                                                                                                                                           an
                                                                                                                                                                                           officer,
                                                                                                                                                                                           director
                                                                                                                                                                                           or
                                                                                                                                                                                           5%
                                                                                                                                                                                           or
                                                                                                                                                                                           more
                                                                                                                                                                                           shareholder,
                                                                                                                                                                                           of
                                                                                                                                                                                           the
                                                                                                                                                                                           Trading
                                                                                                                                                                                           Company
                                                                                                                                                                                           and
                                                                                                                                                                                           no
                                                                                                                                                                                           Holder
                                                                                                                                                                                           is
                                                                                                                                                                                           restricted
                                                                                                                                                                                           from
                                                                                                                                                                                           assigning
                                                                                                                                                                                           the
                                                                                                                                                                                           Debt
                                                                                                                                                                                           to
                                                                                                                                                                                           Assignee;
                                                                                                                                                                                           and

	 		 

	B.		Assignee
                                                                                                                                                                                      acknowledges
                                                                                                                                                                                      that
                                                                                                                                                                                      no
                                                                                                                                                                                      Holder
                                                                                                                                                                                      has
                                                                                                                                                                                      any
                                                                                                                                                                                      conversion
                                                                                                                                                                                      rights
                                                                                                                                                                                      into
                                                                                                                                                                                      common
                                                                                                                                                                                      stock
                                                                                                                                                                                      of
                                                                                                                                                                                      the
                                                                                                                                                                                      Trading
                                                                                                                                                                                      Company
                                                                                                                                                                                      with
                                                                                                                                                                                      respect
                                                                                                                                                                                      to
                                                                                                                                                                                      and
                                                                                                                                                                                      to
                                                                                                                                                                                      the
                                                                                                                                                                                      extent
                                                                                                                                                                                      of
                                                                                                                                                                                      the
                                                                                                                                                                                      Debt.

	 		 

	C.		Subject
                                                                                                                                                                                      to
                                                                                                                                                                                      the
                                                                                                                                                                                      terms
                                                                                                                                                                                      and
                                                                                                                                                                                      conditions
                                                                                                                                                                                      set
                                                                                                                                                                                      forth
                                                                                                                                                                                      herein
                                                                                                                                                                                      (including
                                                                                                                                                                                      without
                                                                                                                                                                                      limitation
                                                                                                                                                                                      Section
                                                                                                                                                                                      10(d)),
                                                                                                                                                                                      Assignor,
                                                                                                                                                                                      on
                                                                                                                                                                                      behalf
                                                                                                                                                                                      of
                                                                                                                                                                                      Holders,
                                                                                                                                                                                      hereby
                                                                                                                                                                                      assigns
                                                                                                                                                                                      and
                                                                                                                                                                                      transfers
                                                                                                                                                                                      to
                                                                                                                                                                                      Assignee,
                                                                                                                                                                                      and
                                                                                                                                                                                      Assignee
                                                                                                                                                                                      hereby
                                                                                                                                                                                      purchases
                                                                                                                                                                                      and
                                                                                                                                                                                      acquires
                                                                                                                                                                                      from
                                                                                                                                                                                      Assignor,
                                                                                                                                                                                      the
                                                                                                                                                                                      Debt
                                                                                                                                                                                      (which
                                                                                                                                                                                      includes,
                                                                                                                                                                                      without
                                                                                                                                                                                      limitation,
                                                                                                                                                                                      all
                                                                                                                                                                                      accrued
                                                                                                                                                                                      interest
                                                                                                                                                                                      thereon).
                                                                                                                                                                                      As
                                                                                                                                                                                      consideration
                                                                                                                                                                                      for
                                                                                                                                                                                      such
                                                                                                                                                                                      Assignment,
                                                                                                                                                                                      Assignee
                                                                                                                                                                                      shall
                                                                                                                                                                                      pay
                                                                                                                                                                                      the
                                                                                                                                                                                      Assignor,
                                                                                                                                                                                      for
                                                                                                                                                                                      the
                                                                                                                                                                                      ratable
                                                                                                                                                                                      benefit
                                                                                                                                                                                      of
                                                                                                                                                                                      the
                                                                                                                                                                                      Holders,
                                                                                                                                                                                      the
                                                                                                                                                                                      amount
                                                                                                                                                                                      on
                                                                                                                                                                                      the
                                                                                                                                                                                      signature
                                                                                                                                                                                      page
                                                                                                                                                                                      hereof
                                                                                                                                                                                      being
                                                                                                                                                                                      the
                                                                                                                                                                                      “Assignment
                                                                                                                                                                                      Payment,”
                                                                                                                                                                                      which
                                                                                                                                                                                      may
                                                                                                                                                                                      be
                                                                                                                                                                                      further
                                                                                                                                                                                      detailed
                                                                                                                                                                                      herein
                                                                                                                                                                                      or
                                                                                                                                                                                      in
                                                                                                                                                                                      an
                                                                                                                                                                                      Exhibit
                                                                                                                                                                                      hereto
                                                                                                                                                                                      between
                                                                                                                                                                                      the
                                                                                                                                                                                      parties.
                                                                                                                                                                                      Notwithstanding
                                                                                                                                                                                      anything
                                                                                                                                                                                      contained
                                                                                                                                                                                      herein
                                                                                                                                                                                      to
                                                                                                                                                                                      the
                                                                                                                                                                                      contrary,
                                                                                                                                                                                      Assignor
                                                                                                                                                                                      makes
                                                                                                                                                                                      no
                                                                                                                                                                                      representations
                                                                                                                                                                                      or
                                                                                                                                                                                      warranties
                                                                                                                                                                                      of
                                                                                                                                                                                      any
                                                                                                                                                                                      nature
                                                                                                                                                                                      whatsoever
                                                                                                                                                                                      with
                                                                                                                                                                                      respect
                                                                                                                                                                                      to
                                                                                                                                                                                      the
                                                                                                                                                                                      security
                                                                                                                                                                                      interests
                                                                                                                                                                                      of
                                                                                                                                                                                      the
                                                                                                                                                                                      Holders
                                                                                                                                                                                      in
                                                                                                                                                                                      and
                                                                                                                                                                                      to
                                                                                                                                                                                      the
                                                                                                                                                                                      assets
                                                                                                                                                                                      of
                                                                                                                                                                                      the
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      and
                                                                                                                                                                                      Assignee
                                                                                                                                                                                      acknowledges
                                                                                                                                                                                      that
                                                                                                                                                                                      it
                                                                                                                                                                                      is
                                                                                                                                                                                      not
                                                                                                                                                                                      relying
                                                                                                                                                                                      on
                                                                                                                                                                                      any
                                                                                                                                                                                      such
                                                                                                                                                                                      security
                                                                                                                                                                                      interests
                                                                                                                                                                                      of
                                                                                                                                                                                      Holders.
                                                                                                                                                                                      In
                                                                                                                                                                                      addition,
                                                                                                                                                                                      Assignee
                                                                                                                                                                                      acknowledges
                                                                                                                                                                                      that
                                                                                                                                                                                      the
                                                                                                                                                                                      assignment
                                                                                                                                                                                      hereunder
                                                                                                                                                                                      does
                                                                                                                                                                                      not
                                                                                                                                                                                      include
                                                                                                                                                                                      any
                                                                                                                                                                                      closing
                                                                                                                                                                                      fees,
                                                                                                                                                                                      diligence
                                                                                                                                                                                      fees
                                                                                                                                                                                      or
                                                                                                                                                                                      any
                                                                                                                                                                                      other
                                                                                                                                                                                      fees
                                                                                                                                                                                      which
                                                                                                                                                                                      Holders
                                                                                                                                                                                      have
                                                                                                                                                                                      heretofore
                                                                                                                                                                                      received
                                                                                                                                                                                      in
                                                                                                                                                                                      connection
                                                                                                                                                                                      with
                                                                                                                                                                                      the
                                                                                                                                                                                      transactions
                                                                                                                                                                                      related
                                                                                                                                                                                      to
                                                                                                                                                                                      the
                                                                                                                                                                                      Debt.

 

2Payment;
Benefit and Assignment. 

 

	A.		In
                                                                                                                                                                   the
                                                                                                                                                                   event
                                                                                                                                                                   Assignee
                                                                                                                                                                   fails
                                                                                                                                                                   to
                                                                                                                                                                   make
                                                                                                                                                                   any
                                                                                                                                                                   payment
                                                                                                                                                                   hereunder
                                                                                                                                                                   to
                                                                                                                                                                   Assignor
                                                                                                                                                                   within
                                                                                                                                                                   fifteen
                                                                                                                                                                   (15)
                                                                                                                                                                   days
                                                                                                                                                                   of
                                                                                                                                                                   the
                                                                                                                                                                   applicable
                                                                                                                                                                   due
                                                                                                                                                                   date,
                                                                                                                                                                   this
                                                                                                                                                                   Agreement
                                                                                                                                                                   shall,
                                                                                                                                                                   at
                                                                                                                                                                   Assignor’s
                                                                                                                                                                   option,
                                                                                                                                                                   upon
                                                                                                                                                                   written
                                                                                                                                                                   notice
                                                                                                                                                                   from
                                                                                                                                                                   Assignor
                                                                                                                                                                   to
                                                                                                                                                                   Assignee,
                                                                                                                                                                   terminate.

 

		B.	This
                                                                                                                                      Agreement
                                                                                                                                      shall
                                                                                                                                      be
                                                                                                                                      binding
                                                                                                                                      upon
                                                                                                                                      and
                                                                                                                                      inure
                                                                                                                                      to
                                                                                                                                      the
                                                                                                                                      benefit
                                                                                                                                      of
                                                                                                                                      the
                                                                                                                                      parties
                                                                                                                                      hereto
                                                                                                                                      and
                                                                                                                                      their
                                                                                                                                      respective
                                                                                                                                      successors
                                                                                                                                      and
                                                                                                                                      assigns;
                                                                                                                                      provided
                                                                                                                                      that
                                                                                                                                      no
                                                                                                                                      party
                                                                                                                                      shall
                                                                                                                                      assign
                                                                                                                                      or
                                                                                                                                      transfer
                                                                                                                                      all
                                                                                                                                      or
                                                                                                                                      any
                                                                                                                                      portion
                                                                                                                                      of
                                                                                                                                      this
                                                                                                                                      Agreement
                                                                                                                                      without
                                                                                                                                      the
                                                                                                                                      prior
                                                                                                                                      written
                                                                                                                                      consent
                                                                                                                                      of
                                                                                                                                      the
                                                                                                                                      other
                                                                                                                                      party,
                                                                                                                                      which
                                                                                                                                      such
                                                                                                                                      consent
                                                                                                                                      shall
                                                                                                                                      not
                                                                                                                                      be
                                                                                                                                      unreasonably
                                                                                                                                      withheld;
                                                                                                                                      provided
                                                                                                                                      further
                                                                                                                                      that
                                                                                                                                      if
                                                                                                                                      Assignee
                                                                                                                                      shall
                                                                                                                                      be
                                                                                                                                      in
                                                                                                                                      breach
                                                                                                                                      of
                                                                                                                                      this
                                                                                                                                      Agreement
                                                                                                                                      Assignor
                                                                                                                                      shall
                                                                                                                                      be
                                                                                                                                      permitted
                                                                                                                                      to
                                                                                                                                      assign
                                                                                                                                      and/or
                                                                                                                                      transfer
                                                                                                                                      this
                                                                                                                                      Agreement
                                                                                                                                      to
                                                                                                                                      any
                                                                                                                                      third
                                                                                                                                      party
                                                                                                                                      without
                                                                                                                                      restriction
                                                                                                                                      or
                                                                                                                                      consent
                                                                                                                                      of
                                                                                                                                      Assignee.

 

	3.		Waiver.
                                                                                                                                              Any
                                                                                                                                              party
                                                                                                                                              hereto
                                                                                                                                              shall
                                                                                                                                              have
                                                                                                                                              the
                                                                                                                                              right
                                                                                                                                              to
                                                                                                                                              waive
                                                                                                                                              compliance
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              other
                                                                                                                                              of
                                                                                                                                              any
                                                                                                                                              term,
                                                                                                                                              condition
                                                                                                                                              or
                                                                                                                                              covenant
                                                                                                                                              contained
                                                                                                                                              herein.
                                                                                                                                              Such
                                                                                                                                              waiver
                                                                                                                                              shall
                                                                                                                                              not
                                                                                                                                              constitute
                                                                                                                                              a
                                                                                                                                              waiver
                                                                                                                                              of
                                                                                                                                              any
                                                                                                                                              subsequent
                                                                                                                                              failure
                                                                                                                                              to
                                                                                                                                              comply
                                                                                                                                              with
                                                                                                                                              the
                                                                                                                                              same
                                                                                                                                              or
                                                                                                                                              any
                                                                                                                                              different
                                                                                                                                              term,
                                                                                                                                              condition
                                                                                                                                              or
                                                                                                                                              covenant.
                                                                                                                                              No
                                                                                                                                              waiver,
                                                                                                                                              however,
                                                                                                                                              is
                                                                                                                                              valid
                                                                                                                                              unless
                                                                                                                                              in
                                                                                                                                              writing
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              other
                                                                                                                                              Party
                                                                                                                                              is
                                                                                                                                              notified
                                                                                                                                              of
                                                                                                                                              same.

 

	4.		Applicable
                                                                                                                                              Law
                                                                                                                                              and
                                                                                                                                              Venue.
                                                                                                                                              THE
                                                                                                                                              PARTIES
                                                                                                                                              HERETO
                                                                                                                                              HEREBY
                                                                                                                                              CONSENT
                                                                                                                                              AND
                                                                                                                                              AGREE
                                                                                                                                              THAT
                                                                                                                                              THE
                                                                                                                                              STATE
                                                                                                                                              OR
                                                                                                                                              FEDERAL
                                                                                                                                              COURTS
                                                                                                                                              LOCATED
                                                                                                                                              IN
                                                                                                                                              THE
                                                                                                                                              COUNTY
                                                                                                                                              OF
                                                                                                                                              NEW
                                                                                                                                              YORK,
                                                                                                                                              STATE
                                                                                                                                              OF
                                                                                                                                              NEW
                                                                                                                                              YORK
                                                                                                                                              SHALL
                                                                                                                                              HAVE
                                                                                                                                              EXCLUSIVE
                                                                                                                                              JURISDICTION
                                                                                                                                              TO
                                                                                                                                              HEAR
                                                                                                                                              AND
                                                                                                                                              DETERMINE
                                                                                                                                              ANY
                                                                                                                                              CLAIMS
                                                                                                                                              OR
                                                                                                                                              DISPUTES
                                                                                                                                              BETWEEN
                                                                                                                                              THE
                                                                                                                                              PARTIES
                                                                                                                                              PERTAINING
                                                                                                                                              TO
                                                                                                                                              THIS
                                                                                                                                              AGREEMENT
                                                                                                                                              OR
                                                                                                                                              TO
                                                                                                                                              ANY
                                                                                                                                              MATTER
                                                                                                                                              ARISING
                                                                                                                                              OUT
                                                                                                                                              OF
                                                                                                                                              OR
                                                                                                                                              RELATED
                                                                                                                                              TO
                                                                                                                                              THIS
                                                                                                                                              AGREEMENT.
                                                                                                                                              EACH
                                                                                                                                              PARTY
                                                                                                                                              HERETO
                                                                                                                                              EXPRESSLY
                                                                                                                                              SUBMITS
                                                                                                                                              AND
                                                                                                                                              CONSENTS
                                                                                                                                              IN
                                                                                                                                              ADVANCE
                                                                                                                                              TO
                                                                                                                                              SUCH
                                                                                                                                              JURISDICTION
                                                                                                                                              IN
                                                                                                                                              ANY
                                                                                                                                              ACTION
                                                                                                                                              OR
                                                                                                                                              SUIT
                                                                                                                                              COMMENCED
                                                                                                                                              IN
                                                                                                                                              ANY
                                                                                                                                              SUCH
                                                                                                                                              COURT,
                                                                                                                                              AND
                                                                                                                                              EACH
                                                                                                                                              PARTY
                                                                                                                                              HERETO
                                                                                                                                              HEREBY
                                                                                                                                              WAIVES
                                                                                                                                              ANY
                                                                                                                                              OBJECTION
                                                                                                                                              WHICH
                                                                                                                                              IT
                                                                                                                                              MAY
                                                                                                                                              HAVE
                                                                                                                                              BASED
                                                                                                                                              UPON
                                                                                                                                              LACK
                                                                                                                                              OF
                                                                                                                                              PERSONAL
                                                                                                                                              JURISDICTION,
                                                                                                                                              IMPROPER
                                                                                                                                              VENUE
                                                                                                                                              OR
                                                                                                                                              FORUM
                                                                                                                                              NON
                                                                                                                                              CONVENIENS.
                                                                                                                                              ASSIGNEE
                                                                                                                                              HEREBY
                                                                                                                                              WAIVES
                                                                                                                                              PERSONAL
                                                                                                                                              SERVICE
                                                                                                                                              OF
                                                                                                                                              THE
                                                                                                                                              SUMMONS,
                                                                                                                                              COMPLAINT
                                                                                                                                              AND
                                                                                                                                              OTHER
                                                                                                                                              PROCESS
                                                                                                                                              ISSUED
                                                                                                                                              IN
                                                                                                                                              ANY
                                                                                                                                              SUCH
                                                                                                                                              ACTION
                                                                                                                                              OR
                                                                                                                                              SUIT
                                                                                                                                              AND
                                                                                                                                              AGREES
                                                                                                                                              THAT
                                                                                                                                              SERVICE
                                                                                                                                              OF
                                                                                                                                              SUCH
                                                                                                                                              SUMMONS,
                                                                                                                                              COMPLAINT
                                                                                                                                              AND
                                                                                                                                              OTHER
                                                                                                                                              PROCESS
                                                                                                                                              MAY
                                                                                                                                              BE
                                                                                                                                              MADE
                                                                                                                                              BY
                                                                                                                                              REGISTERED
                                                                                                                                              OR
                                                                                                                                              CERTIFIED
                                                                                                                                              MAIL
                                                                                                                                              ADDRESSED
                                                                                                                                              TO
                                                                                                                                              ASSIGNEE
                                                                                                                                              AT
                                                                                                                                              THE
                                                                                                                                              ADDRESS
                                                                                                                                              FOR
                                                                                                                                              ASSIGNEE
                                                                                                                                              SET
                                                                                                                                              FORTH
                                                                                                                                              ON
                                                                                                                                              THE
                                                                                                                                              SIGNATURE
                                                                                                                                              PAGE
                                                                                                                                              HERETO
                                                                                                                                              AND
                                                                                                                                              THAT
                                                                                                                                              SERVICE
                                                                                                                                              SO
                                                                                                                                              MADE
                                                                                                                                              SHALL
                                                                                                                                              BE
                                                                                                                                              DEEMED
                                                                                                                                              COMPLETED
                                                                                                                                              UPON
                                                                                                                                              THE
                                                                                                                                              EARLIER
                                                                                                                                              OF
                                                                                                                                              THE
                                                                                                                                              ACTUAL
                                                                                                                                              RECEIPT
                                                                                                                                              THEREOF
                                                                                                                                              OR
                                                                                                                                              THREE
                                                                                                                                              (3)
                                                                                                                                              DAYS
                                                                                                                                              AFTER
                                                                                                                                              DEPOSIT
                                                                                                                                              IN
                                                                                                                                              THE
                                                                                                                                              U.S.
                                                                                                                                              MAILS,
                                                                                                                                              PROPER
                                                                                                                                              POSTAGE
                                                                                                                                              PREPAID.
                                                                                                                                              THE
                                                                                                                                              FOREGOING
                                                                                                                                              SHALL
                                                                                                                                              ALSO
                                                                                                                                              APPLY
                                                                                                                                              TO
                                                                                                                                              THE
                                                                                                                                              ASSIGNOR
                                                                                                                                              AND
                                                                                                                                              HOLDERS
                                                                                                                                              (FOR
                                                                                                                                              THE
                                                                                                                                              BENEFIT
                                                                                                                                              OF
                                                                                                                                              THE
                                                                                                                                              ASSIGNEE),
                                                                                                                                              INCLUDING
                                                                                                                                              SERVICE
                                                                                                                                              BY
                                                                                                                                              MAIL.

THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS
MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

	5		.Miscellaneous.
                                                                                                                                             The
                                                                                                                                             Assignee
                                                                                                                                             and
                                                                                                                                             Assignor
                                                                                                                                             represent
                                                                                                                                             they
                                                                                                                                             are
                                                                                                                                             each:
                                                                                                                                             (1)
                                                                                                                                             an
                                                                                                                                             “accredited
                                                                                                                                             investor”
                                                                                                                                             within
                                                                                                                                             the
                                                                                                                                             meaning
                                                                                                                                             of
                                                                                                                                             Rule
                                                                                                                                             501
                                                                                                                                             of
                                                                                                                                             Regulation
                                                                                                                                             D
                                                                                                                                             promulgated
                                                                                                                                             in
                                                                                                                                             relation
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             Securities
                                                                                                                                             Act
                                                                                                                                             of
                                                                                                                                             1933,
                                                                                                                                             as
                                                                                                                                             amended,
                                                                                                                                             and
                                                                                                                                             (2)
                                                                                                                                             sophisticated
                                                                                                                                             and
                                                                                                                                             experienced
                                                                                                                                             in
                                                                                                                                             making
                                                                                                                                             investments,
                                                                                                                                             and
                                                                                                                                             (3)
                                                                                                                                             capable,
                                                                                                                                             by
                                                                                                                                             reason
                                                                                                                                             of
                                                                                                                                             their
                                                                                                                                             business
                                                                                                                                             and
                                                                                                                                             financial
                                                                                                                                             experience,
                                                                                                                                             of
                                                                                                                                             evaluating
                                                                                                                                             the
                                                                                                                                             relative
                                                                                                                                             merits
                                                                                                                                             and
                                                                                                                                             risks
                                                                                                                                             of
                                                                                                                                             an
                                                                                                                                             investment
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             securities.
                                                                                                                                             Wherever
                                                                                                                                             the
                                                                                                                                             context
                                                                                                                                             shall
                                                                                                                                             require,
                                                                                                                                             all
                                                                                                                                             words
                                                                                                                                             herein
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             masculine
                                                                                                                                             gender
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             deemed
                                                                                                                                             to
                                                                                                                                             include
                                                                                                                                             the
                                                                                                                                             feminine
                                                                                                                                             or
                                                                                                                                             neuter
                                                                                                                                             gender,
                                                                                                                                             all
                                                                                                                                             singular
                                                                                                                                             words
                                                                                                                                             shall
                                                                                                                                             include
                                                                                                                                             the
                                                                                                                                             plural,
                                                                                                                                             and
                                                                                                                                             all
                                                                                                                                             plural
                                                                                                                                             shall
                                                                                                                                             include
                                                                                                                                             the
                                                                                                                                             singular.
                                                                                                                                             From
                                                                                                                                             and
                                                                                                                                             after
                                                                                                                                             the
                                                                                                                                             date
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement,
                                                                                                                                             each
                                                                                                                                             of
                                                                                                                                             Assignor
                                                                                                                                             and
                                                                                                                                             Assignee
                                                                                                                                             agrees
                                                                                                                                             to
                                                                                                                                             execute
                                                                                                                                             whatever
                                                                                                                                             additional
                                                                                                                                             reasonable
                                                                                                                                             documentation
                                                                                                                                             or
                                                                                                                                             instruments
                                                                                                                                             required
                                                                                                                                             by
                                                                                                                                             the
                                                                                                                                             other
                                                                                                                                             which
                                                                                                                                             are
                                                                                                                                             necessary
                                                                                                                                             to
                                                                                                                                             carry
                                                                                                                                             out
                                                                                                                                             the
                                                                                                                                             intent
                                                                                                                                             and
                                                                                                                                             purposes
                                                                                                                                             of
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             or
                                                                                                                                             to
                                                                                                                                             comply
                                                                                                                                             with
                                                                                                                                             any
                                                                                                                                             law.
                                                                                                                                             The
                                                                                                                                             failure
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             party
                                                                                                                                             at
                                                                                                                                             any
                                                                                                                                             time
                                                                                                                                             to
                                                                                                                                             insist
                                                                                                                                             upon
                                                                                                                                             strict
                                                                                                                                             performance
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             condition,
                                                                                                                                             promise,
                                                                                                                                             agreement
                                                                                                                                             or
                                                                                                                                             understanding
                                                                                                                                             set
                                                                                                                                             forth
                                                                                                                                             herein,
                                                                                                                                             shall
                                                                                                                                             not
                                                                                                                                             be
                                                                                                                                             construed
                                                                                                                                             as
                                                                                                                                             a
                                                                                                                                             waiver
                                                                                                                                             or
                                                                                                                                             relinquishment
                                                                                                                                             of
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             condition,
                                                                                                                                             promise,
                                                                                                                                             agreement
                                                                                                                                             or
                                                                                                                                             understanding
                                                                                                                                             set
                                                                                                                                             forth
                                                                                                                                             herein
                                                                                                                                             or
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             right
                                                                                                                                             to
                                                                                                                                             insist
                                                                                                                                             upon
                                                                                                                                             strict
                                                                                                                                             performance
                                                                                                                                             of
                                                                                                                                             such
                                                                                                                                             waived
                                                                                                                                             condition,
                                                                                                                                             promise,
                                                                                                                                             agreement
                                                                                                                                             or
                                                                                                                                             understanding
                                                                                                                                             at
                                                                                                                                             any
                                                                                                                                             other
                                                                                                                                             time.
                                                                                                                                             Except
                                                                                                                                             as
                                                                                                                                             otherwise
                                                                                                                                             provided
                                                                                                                                             herein,
                                                                                                                                             each
                                                                                                                                             party
                                                                                                                                             hereto
                                                                                                                                             shall
                                                                                                                                             bear
                                                                                                                                             all
                                                                                                                                             expenses
                                                                                                                                             incurred
                                                                                                                                             by
                                                                                                                                             each
                                                                                                                                             such
                                                                                                                                             party
                                                                                                                                             in
                                                                                                                                             connection
                                                                                                                                             with
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             and
                                                                                                                                             in
                                                                                                                                             the
                                                                                                                                             consummation
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             transactions
                                                                                                                                             contemplated
                                                                                                                                             hereby
                                                                                                                                             and
                                                                                                                                             in
                                                                                                                                             preparation
                                                                                                                                             thereof.
                                                                                                                                             Any
                                                                                                                                             notice,
                                                                                                                                             communication,
                                                                                                                                             request,
                                                                                                                                             reply
                                                                                                                                             or
                                                                                                                                             advice
                                                                                                                                             (hereinafter
                                                                                                                                             severally
                                                                                                                                             and
                                                                                                                                             collectively
                                                                                                                                             called
                                                                                                                                             “Notice”)
                                                                                                                                             in
                                                                                                                                             this
                                                                                                                                             Agreement
                                                                                                                                             provided
                                                                                                                                             or
                                                                                                                                             permitted
                                                                                                                                             to
                                                                                                                                             be
                                                                                                                                             given,
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             made
                                                                                                                                             or
                                                                                                                                             be
                                                                                                                                             served
                                                                                                                                             by
                                                                                                                                             delivering
                                                                                                                                             same
                                                                                                                                             by
                                                                                                                                             overnight
                                                                                                                                             mail
                                                                                                                                             or
                                                                                                                                             by
                                                                                                                                             delivering
                                                                                                                                             the
                                                                                                                                             same
                                                                                                                                             by
                                                                                                                                             a
                                                                                                                                             hand-delivery
                                                                                                                                             service,
                                                                                                                                             such
                                                                                                                                             Notice
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             deemed
                                                                                                                                             given
                                                                                                                                             when
                                                                                                                                             so
                                                                                                                                             delivered.
                                                                                                                                             For
                                                                                                                                             all
                                                                                                                                             purposes
                                                                                                                                             of
                                                                                                                                             Notice,
                                                                                                                                             the
                                                                                                                                             addresses
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             parties
                                                                                                                                             shall
                                                                                                                                             be
                                                                                                                                             the
                                                                                                                                             address
                                                                                                                                             for
                                                                                                                                             such
                                                                                                                                             party
                                                                                                                                             set
                                                                                                                                             forth
                                                                                                                                             on
                                                                                                                                             the
                                                                                                                                             signature
                                                                                                                                             page
                                                                                                                                             hereto
                                                                                                                                             or
                                                                                                                                             as
                                                                                                                                             may
                                                                                                                                             hereafter
                                                                                                                                             be
                                                                                                                                             specified
                                                                                                                                             in
                                                                                                                                             a
                                                                                                                                             Notice
                                                                                                                                             to
                                                                                                                                             the
                                                                                                                                             other
                                                                                                                                             party
                                                                                                                                             designated
                                                                                                                                             as
                                                                                                                                             a
                                                                                                                                             change
                                                                                                                                             of
                                                                                                                                             address.
                                                                                                                                             Assignor
                                                                                                                                             and
                                                                                                                                             Assignee
                                                                                                                                             also
                                                                                                                                             specifically
                                                                                                                                             agree
                                                                                                                                             to
                                                                                                                                             promptly
                                                                                                                                             cooperate
                                                                                                                                             with
                                                                                                                                             the
                                                                                                                                             other
                                                                                                                                             in
                                                                                                                                             respect
                                                                                                                                             of
                                                                                                                                             the
                                                                                                                                             transactions
                                                                                                                                             contemplated
                                                                                                                                             by
                                                                                                                                             this
                                                                                                                                             Agreement.

	6.		Headings.
                                                                                                                                              The
                                                                                                                                              paragraph
                                                                                                                                              headings
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              are
                                                                                                                                              for
                                                                                                                                              convenience
                                                                                                                                              of
                                                                                                                                              reference
                                                                                                                                              only
                                                                                                                                              and
                                                                                                                                              do
                                                                                                                                              not
                                                                                                                                              form
                                                                                                                                              a
                                                                                                                                              part
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              terms
                                                                                                                                              and
                                                                                                                                              conditions
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              or
                                                                                                                                              give
                                                                                                                                              full
                                                                                                                                              notice
                                                                                                                                              thereof.

	7.		Severability.
                                                                                                                                              Any
                                                                                                                                              provision
                                                                                                                                              hereof
                                                                                                                                              that
                                                                                                                                              is
                                                                                                                                              prohibited
                                                                                                                                              or
                                                                                                                                              unenforceable
                                                                                                                                              in
                                                                                                                                              any
                                                                                                                                              jurisdiction
                                                                                                                                              shall,
                                                                                                                                              as
                                                                                                                                              to
                                                                                                                                              such
                                                                                                                                              jurisdiction,
                                                                                                                                              be
                                                                                                                                              ineffective
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              extent
                                                                                                                                              of
                                                                                                                                              such
                                                                                                                                              prohibition
                                                                                                                                              or
                                                                                                                                              unenforceability,
                                                                                                                                              without
                                                                                                                                              invalidating
                                                                                                                                              the
                                                                                                                                              remaining
                                                                                                                                              provisions
                                                                                                                                              hereof,
                                                                                                                                              and
                                                                                                                                              any
                                                                                                                                              such
                                                                                                                                              prohibition
                                                                                                                                              or
                                                                                                                                              unenforceability
                                                                                                                                              in
                                                                                                                                              any
                                                                                                                                              jurisdiction
                                                                                                                                              shall
                                                                                                                                              not
                                                                                                                                              invalidate
                                                                                                                                              or
                                                                                                                                              render
                                                                                                                                              unenforceable
                                                                                                                                              such
                                                                                                                                              provision
                                                                                                                                              in
                                                                                                                                              any
                                                                                                                                              other
                                                                                                                                              jurisdiction.

	8.		Entire
                                                                                                                                              Agreement.
                                                                                                                                              This
                                                                                                                                              Agreement
                                                                                                                                              contains
                                                                                                                                              the
                                                                                                                                              entire
                                                                                                                                              understanding
                                                                                                                                              between
                                                                                                                                              the
                                                                                                                                              parties,
                                                                                                                                              no
                                                                                                                                              other
                                                                                                                                              representations,
                                                                                                                                              warranties
                                                                                                                                              or
                                                                                                                                              covenants
                                                                                                                                              having
                                                                                                                                              induced
                                                                                                                                              either
                                                                                                                                              party
                                                                                                                                              to
                                                                                                                                              execute
                                                                                                                                              this
                                                                                                                                              Agreement,
                                                                                                                                              and
                                                                                                                                              supersedes
                                                                                                                                              all
                                                                                                                                              prior
                                                                                                                                              or
                                                                                                                                              contemporaneous
                                                                                                                                              agreements
                                                                                                                                              with
                                                                                                                                              respect
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              subject
                                                                                                                                              matter
                                                                                                                                              hereof.
                                                                                                                                              This
                                                                                                                                              Agreement
                                                                                                                                              may
                                                                                                                                              not
                                                                                                                                              be
                                                                                                                                              amended
                                                                                                                                              or
                                                                                                                                              modified
                                                                                                                                              in
                                                                                                                                              any
                                                                                                                                              manner
                                                                                                                                              except
                                                                                                                                              by
                                                                                                                                              a
                                                                                                                                              written
                                                                                                                                              agreement
                                                                                                                                              duly
                                                                                                                                              executed
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              party
                                                                                                                                              to
                                                                                                                                              be
                                                                                                                                              charged,
                                                                                                                                              and
                                                                                                                                              any
                                                                                                                                              attempted
                                                                                                                                              amendment
                                                                                                                                              or
                                                                                                                                              modification
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              contrary
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              null
                                                                                                                                              and
                                                                                                                                              void
                                                                                                                                              and
                                                                                                                                              of
                                                                                                                                              no
                                                                                                                                              force
                                                                                                                                              or
                                                                                                                                              effect.

	9.		Joint
                                                                                                                                              Drafting
                                                                                                                                              and
                                                                                                                                              Execution.
                                                                                                                                              The
                                                                                                                                              parties
                                                                                                                                              agree
                                                                                                                                              that
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              deemed
                                                                                                                                              to
                                                                                                                                              have
                                                                                                                                              been
                                                                                                                                              drafted
                                                                                                                                              jointly
                                                                                                                                              by
                                                                                                                                              all
                                                                                                                                              parties
                                                                                                                                              hereto,
                                                                                                                                              and
                                                                                                                                              no
                                                                                                                                              construction
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              made
                                                                                                                                              other
                                                                                                                                              than
                                                                                                                                              with
                                                                                                                                              the
                                                                                                                                              presumption
                                                                                                                                              of
                                                                                                                                              such
                                                                                                                                              joint
                                                                                                                                              drafting.
                                                                                                                                              This
                                                                                                                                              Agreement
                                                                                                                                              may
                                                                                                                                              be
                                                                                                                                              executed
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              parties
                                                                                                                                              hereto
                                                                                                                                              in
                                                                                                                                              one
                                                                                                                                              or
                                                                                                                                              more
                                                                                                                                              counterparts,
                                                                                                                                              each
                                                                                                                                              of
                                                                                                                                              which
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              deemed
                                                                                                                                              an
                                                                                                                                              original
                                                                                                                                              and
                                                                                                                                              which
                                                                                                                                              together
                                                                                                                                              shall
                                                                                                                                              constitute
                                                                                                                                              one
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              same
                                                                                                                                              instrument.
                                                                                                                                              In
                                                                                                                                              lieu
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              original
                                                                                                                                              documents,
                                                                                                                                              a
                                                                                                                                              facsimile
                                                                                                                                              transmission
                                                                                                                                              or
                                                                                                                                              copy
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              original
                                                                                                                                              documents
                                                                                                                                              shall
                                                                                                                                              also
                                                                                                                                              be
                                                                                                                                              as
                                                                                                                                              effective
                                                                                                                                              and
                                                                                                                                              enforceable
                                                                                                                                              as
                                                                                                                                              the
                                                                                                                                              original.

	10.		Additional
                                                                                                                                               Provisions.
                                                                                                                                               The
                                                                                                                                               following
                                                                                                                                               additional
                                                                                                                                               terms
                                                                                                                                               and
                                                                                                                                               provisions
                                                                                                                                               are
                                                                                                                                               hereby
                                                                                                                                               added
                                                                                                                                               to
                                                                                                                                               and
                                                                                                                                               are
                                                                                                                                               part
                                                                                                                                               of
                                                                                                                                               this
                                                                                                                                               Agreement.
                                                                                                                                               In
                                                                                                                                               the
                                                                                                                                               event
                                                                                                                                               of
                                                                                                                                               any
                                                                                                                                               inconsistency
                                                                                                                                               between
                                                                                                                                               the
                                                                                                                                               terms
                                                                                                                                               and
                                                                                                                                               provisions
                                                                                                                                               of
                                                                                                                                               this
                                                                                                                                               Section
                                                                                                                                               10
                                                                                                                                               and
                                                                                                                                               any
                                                                                                                                               other
                                                                                                                                               term
                                                                                                                                               or
                                                                                                                                               provision
                                                                                                                                               set
                                                                                                                                               forth
                                                                                                                                               in
                                                                                                                                               this
                                                                                                                                               Agreement,
                                                                                                                                               the
                                                                                                                                               terms
                                                                                                                                               and
                                                                                                                                               provisions
                                                                                                                                               of
                                                                                                                                               this
                                                                                                                                               Section
                                                                                                                                               10
                                                                                                                                               shall
                                                                                                                                               control.

	a.		The
                                                                                                                                              parties
                                                                                                                                              acknowledge
                                                                                                                                              that
                                                                                                                                              the
                                                                                                                                              holders
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              (not
                                                                                                                                              including
                                                                                                                                              the
                                                                                                                                              Previously
                                                                                                                                              Assigned
                                                                                                                                              Debt)
                                                                                                                                              are
                                                                                                                                              Valens
                                                                                                                                              Offshore
                                                                                                                                              SPV
                                                                                                                                              I,
                                                                                                                                              Ltd.,
                                                                                                                                              Valens
                                                                                                                                              Offshore
                                                                                                                                              SPV
                                                                                                                                              II,
                                                                                                                                              Corp.
                                                                                                                                              and
                                                                                                                                              Valens
                                                                                                                                              U.S.
                                                                                                                                              SPV
                                                                                                                                              I,
                                                                                                                                              LLC
                                                                                                                                              (the
                                                                                                                                              “Holders”).

	b.		The
                                                                                                                                              Assignor
                                                                                                                                              has
                                                                                                                                              been
                                                                                                                                              designated
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              to
                                                                                                                                              act
                                                                                                                                              as
                                                                                                                                              their
                                                                                                                                              agent
                                                                                                                                              and
                                                                                                                                              is
                                                                                                                                              authorized
                                                                                                                                              to
                                                                                                                                              bind
                                                                                                                                              and
                                                                                                                                              contract
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              assignment
                                                                                                                                              hereunder
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              Holders.

	c.		By
                                                                                                                                              the
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              Assignee
                                                                                                                                              signing
                                                                                                                                              this
                                                                                                                                              Agreement,
                                                                                                                                              the
                                                                                                                                              Holders,
                                                                                                                                              the
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              Assignee
                                                                                                                                              will
                                                                                                                                              act
                                                                                                                                              in
                                                                                                                                              conformance
                                                                                                                                              with
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              and
                                                                                                                                              will
                                                                                                                                              not
                                                                                                                                              independently
                                                                                                                                              act
                                                                                                                                              in
                                                                                                                                              any
                                                                                                                                              manner
                                                                                                                                              that
                                                                                                                                              conflicts
                                                                                                                                              with
                                                                                                                                              this
                                                                                                                                              Agreement.

	d.		The
                                                                                                                                              Debt
                                                                                                                                              purchased
                                                                                                                                              hereby
                                                                                                                                              constitutes
                                                                                                                                              all
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              debt
                                                                                                                                              owed
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              Borrower;
                                                                                                                                              provided,
                                                                                                                                              however,
                                                                                                                                              that
                                                                                                                                              the
                                                                                                                                              Assignee
                                                                                                                                              hereby
                                                                                                                                              acknowledges
                                                                                                                                              and
                                                                                                                                              agrees
                                                                                                                                              that
                                                                                                                                              a
                                                                                                                                              portion
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              undiscounted
                                                                                                                                              principal
                                                                                                                                              indebtedness
                                                                                                                                              arising
                                                                                                                                              under
                                                                                                                                              the
                                                                                                                                              notes
                                                                                                                                              referenced
                                                                                                                                              on
                                                                                                                                              Exhibit
                                                                                                                                              A
                                                                                                                                              hereto
                                                                                                                                              (not
                                                                                                                                              including
                                                                                                                                              the
                                                                                                                                              Debt)
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              aggregate
                                                                                                                                              amount
                                                                                                                                              of
                                                                                                                                              $5,608,926.05
                                                                                                                                              (the
                                                                                                                                              “Previously
                                                                                                                                              Assigned
                                                                                                                                              Debt”)
                                                                                                                                              has
                                                                                                                                              previously
                                                                                                                                              been
                                                                                                                                              assigned
                                                                                                                                              by
                                                                                                                                              Assignor
                                                                                                                                              to
                                                                                                                                              JDM
                                                                                                                                              Group,
                                                                                                                                              LLC
                                                                                                                                              and
                                                                                                                                              neither
                                                                                                                                              the
                                                                                                                                              Assignor
                                                                                                                                              nor
                                                                                                                                              any
                                                                                                                                              Holder
                                                                                                                                              makes
                                                                                                                                              any
                                                                                                                                              representation
                                                                                                                                              or
                                                                                                                                              warranty
                                                                                                                                              of
                                                                                                                                              any
                                                                                                                                              nature
                                                                                                                                              whatsoever
                                                                                                                                              with
                                                                                                                                              respect
                                                                                                                                              to
                                                                                                                                              such
                                                                                                                                              Previously
                                                                                                                                              Assigned
                                                                                                                                              Debt
                                                                                                                                              .
                                                                                                                                              Notwithstanding
                                                                                                                                              anything
                                                                                                                                              contained
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              contrary
                                                                                                                                              in
                                                                                                                                              this
                                                                                                                                              Agreement,
                                                                                                                                              Assignee’s
                                                                                                                                              interest
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              (and
                                                                                                                                              the
                                                                                                                                              amount
                                                                                                                                              of
                                                                                                                                              Debt
                                                                                                                                              deemed
                                                                                                                                              purchased
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              Assignee
                                                                                                                                              hereunder
                                                                                                                                              and
                                                                                                                                              with
                                                                                                                                              respect
                                                                                                                                              to
                                                                                                                                              which
                                                                                                                                              Assignee
                                                                                                                                              has
                                                                                                                                              any
                                                                                                                                              rights,
                                                                                                                                              claims
                                                                                                                                              and/or
                                                                                                                                              interests)
                                                                                                                                              shall
                                                                                                                                              at
                                                                                                                                              no
                                                                                                                                              time
                                                                                                                                              exceed
                                                                                                                                              Assignee’s
                                                                                                                                              Assignment
                                                                                                                                              Percentage
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt.
                                                                                                                                              For
                                                                                                                                              purposes
                                                                                                                                              hereof,
                                                                                                                                              (a)
                                                                                                                                              the
                                                                                                                                              term
                                                                                                                                              “Assignment
                                                                                                                                              Percentage”
                                                                                                                                              means
                                                                                                                                              a
                                                                                                                                              percentage
                                                                                                                                              equal
                                                                                                                                              to
                                                                                                                                              a
                                                                                                                                              fraction
                                                                                                                                              the
                                                                                                                                              numerator
                                                                                                                                              of
                                                                                                                                              which
                                                                                                                                              is
                                                                                                                                              the
                                                                                                                                              cash
                                                                                                                                              payment
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Purchase
                                                                                                                                              Price
                                                                                                                                              actually
                                                                                                                                              received
                                                                                                                                              by
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              denominator
                                                                                                                                              of
                                                                                                                                              which
                                                                                                                                              is
                                                                                                                                              the
                                                                                                                                              then
                                                                                                                                              unpaid
                                                                                                                                              portion
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Purchase
                                                                                                                                              Price
                                                                                                                                              and
                                                                                                                                              (b)
                                                                                                                                              the
                                                                                                                                              term
                                                                                                                                              “Purchase
                                                                                                                                              Price”
                                                                                                                                              means
                                                                                                                                              $350,000.
                                                                                                                                              Accordingly,
                                                                                                                                              as
                                                                                                                                              and
                                                                                                                                              when
                                                                                                                                              Assignor
                                                                                                                                              receives
                                                                                                                                              additional
                                                                                                                                              installments
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Purchase
                                                                                                                                              Price
                                                                                                                                              in
                                                                                                                                              cash
                                                                                                                                              in
                                                                                                                                              accordance
                                                                                                                                              with
                                                                                                                                              the
                                                                                                                                              payment
                                                                                                                                              schedule
                                                                                                                                              set
                                                                                                                                              forth
                                                                                                                                              below,
                                                                                                                                              Assignee’s
                                                                                                                                              Assignment
                                                                                                                                              Percentage
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              shall
                                                                                                                                              increase.
                                                                                                                                              So
                                                                                                                                              long
                                                                                                                                              as
                                                                                                                                              the
                                                                                                                                              Assignee
                                                                                                                                              has
                                                                                                                                              not
                                                                                                                                              materially
                                                                                                                                              breached
                                                                                                                                              the
                                                                                                                                              terms
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              (it
                                                                                                                                              being
                                                                                                                                              acknowledged
                                                                                                                                              that
                                                                                                                                              a
                                                                                                                                              payment
                                                                                                                                              default,
                                                                                                                                              for
                                                                                                                                              example,
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              deemed
                                                                                                                                              a
                                                                                                                                              material
                                                                                                                                              breach
                                                                                                                                              hereof),
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              are
                                                                                                                                              bound
                                                                                                                                              (subject
                                                                                                                                              to
                                                                                                                                              receipt
                                                                                                                                              in
                                                                                                                                              cash
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              applicable
                                                                                                                                              Purchase
                                                                                                                                              Price
                                                                                                                                              Payments)
                                                                                                                                              to
                                                                                                                                              assign
                                                                                                                                              the
                                                                                                                                              full
                                                                                                                                              Debt
                                                                                                                                              to
                                                                                                                                              Assignee
                                                                                                                                              so
                                                                                                                                              that
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              cannot
                                                                                                                                              attempt
                                                                                                                                              to
                                                                                                                                              collect
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              from
                                                                                                                                              the
                                                                                                                                              Borrower,
                                                                                                                                              pledge
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              to
                                                                                                                                              others,
                                                                                                                                              foreclose
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              or
                                                                                                                                              act
                                                                                                                                              in
                                                                                                                                              any
                                                                                                                                              way
                                                                                                                                              contrary
                                                                                                                                              to
                                                                                                                                              this
                                                                                                                                              Agreement,
                                                                                                                                              while
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              remains
                                                                                                                                              in
                                                                                                                                              effect.

	e.		This
                                                                                                                                              Agreement
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              deemed
                                                                                                                                              effective
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              date
                                                                                                                                              signed
                                                                                                                                              by
                                                                                                                                              all
                                                                                                                                              parties
                                                                                                                                              hereto
                                                                                                                                              (the
                                                                                                                                              “Effective
                                                                                                                                              Date”);
                                                                                                                                              provided
                                                                                                                                              however,
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              event
                                                                                                                                              Assignor
                                                                                                                                              shall
                                                                                                                                              not
                                                                                                                                              have
                                                                                                                                              received
                                                                                                                                              on
                                                                                                                                              or
                                                                                                                                              prior
                                                                                                                                              to
                                                                                                                                              February
                                                                                                                                              15,
                                                                                                                                              2013
                                                                                                                                              (without
                                                                                                                                              any
                                                                                                                                              further
                                                                                                                                              cure
                                                                                                                                              or
                                                                                                                                              grace
                                                                                                                                              period)
                                                                                                                                              (i)
                                                                                                                                              the
                                                                                                                                              initial
                                                                                                                                              portion
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              purchase
                                                                                                                                              price
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              amount
                                                                                                                                              of
                                                                                                                                              $50,000
                                                                                                                                              and
                                                                                                                                              (ii)
                                                                                                                                              the
                                                                                                                                              original
                                                                                                                                              duly
                                                                                                                                              authorized
                                                                                                                                              and
                                                                                                                                              executed
                                                                                                                                              Warrants
                                                                                                                                              (as
                                                                                                                                              defined
                                                                                                                                              in
                                                                                                                                              Section
                                                                                                                                              10(l)
                                                                                                                                              below),
                                                                                                                                              then
                                                                                                                                              Assignor
                                                                                                                                              may,
                                                                                                                                              at
                                                                                                                                              its
                                                                                                                                              option,
                                                                                                                                              terminate
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              by
                                                                                                                                              written
                                                                                                                                              notice
                                                                                                                                              thereof
                                                                                                                                              to
                                                                                                                                              Assignee.

	f.		The
                                                                                                                                              total
                                                                                                                                              Debt
                                                                                                                                              to
                                                                                                                                              be
                                                                                                                                              assigned
                                                                                                                                              hereunder
                                                                                                                                              is
                                                                                                                                              the
                                                                                                                                              amount
                                                                                                                                              of
                                                                                                                                              $7,043,849.96.

	g.		The
                                                                                                                                              total
                                                                                                                                              purchase
                                                                                                                                              price
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              is
                                                                                                                                              $350,000
                                                                                                                                              reflecting
                                                                                                                                              a
                                                                                                                                              discount.

	h.		The
                                                                                                                                              remaining
                                                                                                                                              portion
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Purchase
                                                                                                                                              Price,
                                                                                                                                              reflecting
                                                                                                                                              the
                                                                                                                                              discount,
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              paid
                                                                                                                                              in
                                                                                                                                              cash
                                                                                                                                              in
                                                                                                                                              full
                                                                                                                                              on
                                                                                                                                              or
                                                                                                                                              prior
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              eight
                                                                                                                                              week
                                                                                                                                              anniversary
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Effective
                                                                                                                                              Date.
                                                                                                                                              Assignee
                                                                                                                                              may
                                                                                                                                              pay
                                                                                                                                              the
                                                                                                                                              remaining
                                                                                                                                              portion
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Purchase
                                                                                                                                              Price
                                                                                                                                              in
                                                                                                                                              a
                                                                                                                                              single
                                                                                                                                              payment
                                                                                                                                              or
                                                                                                                                              in
                                                                                                                                              multiple
                                                                                                                                              payments
                                                                                                                                              of
                                                                                                                                              no
                                                                                                                                              less
                                                                                                                                              than
                                                                                                                                              $25,000
                                                                                                                                              each.
                                                                                                                                              Each
                                                                                                                                              such
                                                                                                                                              payment
                                                                                                                                              received
                                                                                                                                              by
                                                                                                                                              Assignor
                                                                                                                                              will
                                                                                                                                              result
                                                                                                                                              in
                                                                                                                                              a
                                                                                                                                              prorata
                                                                                                                                              reduction
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              undiscounted
                                                                                                                                              Debt.

	i.		No
                                                                                                                                              breach
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              shall
                                                                                                                                              apply
                                                                                                                                              unless
                                                                                                                                              the
                                                                                                                                              non-breaching
                                                                                                                                              party
                                                                                                                                              notifies
                                                                                                                                              the
                                                                                                                                              breaching
                                                                                                                                              party
                                                                                                                                              in
                                                                                                                                              writing
                                                                                                                                              of
                                                                                                                                              such
                                                                                                                                              breach
                                                                                                                                              at
                                                                                                                                              least
                                                                                                                                              20
                                                                                                                                              days
                                                                                                                                              prior
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              breach
                                                                                                                                              being
                                                                                                                                              deemed
                                                                                                                                              to
                                                                                                                                              be
                                                                                                                                              applicable,
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              breach
                                                                                                                                              is
                                                                                                                                              not
                                                                                                                                              cured
                                                                                                                                              within
                                                                                                                                              said
                                                                                                                                              20
                                                                                                                                              day
                                                                                                                                              notice
                                                                                                                                              period;
                                                                                                                                              provided
                                                                                                                                              that
                                                                                                                                              this
                                                                                                                                              provision
                                                                                                                                              shall
                                                                                                                                              not
                                                                                                                                              be
                                                                                                                                              applicable
                                                                                                                                              to
                                                                                                                                              Assignee’s
                                                                                                                                              failure
                                                                                                                                              to
                                                                                                                                              make
                                                                                                                                              any
                                                                                                                                              Purchase
                                                                                                                                              Price
                                                                                                                                              payment,
                                                                                                                                              all
                                                                                                                                              of
                                                                                                                                              which
                                                                                                                                              payments
                                                                                                                                              are
                                                                                                                                              to
                                                                                                                                              be
                                                                                                                                              made
                                                                                                                                              in
                                                                                                                                              accordance
                                                                                                                                              with
                                                                                                                                              the
                                                                                                                                              terms
                                                                                                                                              of
                                                                                                                                              Section
                                                                                                                                              2A
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              immediately
                                                                                                                                              preceding
                                                                                                                                              paragraph.
                                                                                                                                              In
                                                                                                                                              the
                                                                                                                                              case
                                                                                                                                              of
                                                                                                                                              termination
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement,
                                                                                                                                              the
                                                                                                                                              Assignee
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              released
                                                                                                                                              from
                                                                                                                                              the
                                                                                                                                              obligation
                                                                                                                                              of
                                                                                                                                              Assignee
                                                                                                                                              to
                                                                                                                                              make
                                                                                                                                              any
                                                                                                                                              further
                                                                                                                                              payments
                                                                                                                                              hereunder
                                                                                                                                              to
                                                                                                                                              Assignor.
                                                                                                                                              Should
                                                                                                                                              Assignee
                                                                                                                                              be
                                                                                                                                              in
                                                                                                                                              breach
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              due
                                                                                                                                              to
                                                                                                                                              non-payment
                                                                                                                                              (a
                                                                                                                                              “Missed
                                                                                                                                              Payment”),
                                                                                                                                              then
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              Assignee
                                                                                                                                              agree
                                                                                                                                              that
                                                                                                                                              Borrower
                                                                                                                                              may
                                                                                                                                              make
                                                                                                                                              payment(s)
                                                                                                                                              directly
                                                                                                                                              to
                                                                                                                                              Assignor
                                                                                                                                              in
                                                                                                                                              respect
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              not
                                                                                                                                              yet
                                                                                                                                              assigned
                                                                                                                                              to
                                                                                                                                              Assignee
                                                                                                                                              hereunder
                                                                                                                                              (the
                                                                                                                                              “Unassigned
                                                                                                                                              Debt”)
                                                                                                                                              and
                                                                                                                                              receive
                                                                                                                                              a
                                                                                                                                              corresponding
                                                                                                                                              reduction
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              outstanding
                                                                                                                                              balance
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Unassigned
                                                                                                                                              Debt
                                                                                                                                              in
                                                                                                                                              an
                                                                                                                                              amount
                                                                                                                                              equal
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              undiscounted
                                                                                                                                              amount
                                                                                                                                              of
                                                                                                                                              Debt
                                                                                                                                              that
                                                                                                                                              would
                                                                                                                                              have
                                                                                                                                              been
                                                                                                                                              assignable
                                                                                                                                              to
                                                                                                                                              Assignee
                                                                                                                                              had
                                                                                                                                              Assignee
                                                                                                                                              made
                                                                                                                                              such
                                                                                                                                              payment(s)
                                                                                                                                              to
                                                                                                                                              Assignor
                                                                                                                                              in
                                                                                                                                              a
                                                                                                                                              timely
                                                                                                                                              manner.
                                                                                                                                              Any
                                                                                                                                              such
                                                                                                                                              payments
                                                                                                                                              by
                                                                                                                                              Borrower
                                                                                                                                              to
                                                                                                                                              Assignor
                                                                                                                                              must
                                                                                                                                              be
                                                                                                                                              made
                                                                                                                                              not
                                                                                                                                              later
                                                                                                                                              than
                                                                                                                                              one
                                                                                                                                              (1)
                                                                                                                                              business
                                                                                                                                              day
                                                                                                                                              following
                                                                                                                                              Assignor’s
                                                                                                                                              notice
                                                                                                                                              to
                                                                                                                                              Borrower
                                                                                                                                              of
                                                                                                                                              a
                                                                                                                                              Missed
                                                                                                                                              Payment.

	j.		Assignee
                                                                                                                                              hereby
                                                                                                                                              acknowledges
                                                                                                                                              that:
                                                                                                                                              (a)
                                                                                                                                              the
                                                                                                                                              following
                                                                                                                                              subsidiaries
                                                                                                                                              and/or
                                                                                                                                              affiliates
                                                                                                                                              of
                                                                                                                                              Borrower
                                                                                                                                              are
                                                                                                                                              inactive:
                                                                                                                                              Avi
                                                                                                                                              Holding
                                                                                                                                              Corp.,
                                                                                                                                              Line-One,
                                                                                                                                              Inc.
                                                                                                                                              and
                                                                                                                                              Pervasip
                                                                                                                                              Canada,
                                                                                                                                              Corp.,
                                                                                                                                              (b)
                                                                                                                                              the
                                                                                                                                              relationship
                                                                                                                                              between
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              Assignee
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              independent,
                                                                                                                                              that
                                                                                                                                              of
                                                                                                                                              a
                                                                                                                                              purchaser
                                                                                                                                              and
                                                                                                                                              seller
                                                                                                                                              of
                                                                                                                                              a
                                                                                                                                              property
                                                                                                                                              interest,
                                                                                                                                              and
                                                                                                                                              (except
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              Purchase
                                                                                                                                              Price
                                                                                                                                              installment
                                                                                                                                              payments
                                                                                                                                              to
                                                                                                                                              be
                                                                                                                                              made
                                                                                                                                              by
                                                                                                                                              Assignee
                                                                                                                                              to
                                                                                                                                              Assignor)
                                                                                                                                              not
                                                                                                                                              a
                                                                                                                                              debtor
                                                                                                                                              and
                                                                                                                                              creditor
                                                                                                                                              relationship,
                                                                                                                                              (c)
                                                                                                                                              nothing
                                                                                                                                              herein
                                                                                                                                              and/or
                                                                                                                                              by
                                                                                                                                              the
                                                                                                                                              conduct
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Parties
                                                                                                                                              hereto
                                                                                                                                              or
                                                                                                                                              otherwise
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              construed
                                                                                                                                              to
                                                                                                                                              be
                                                                                                                                              or
                                                                                                                                              to
                                                                                                                                              create
                                                                                                                                              any
                                                                                                                                              partnership,
                                                                                                                                              joint
                                                                                                                                              venture,
                                                                                                                                              other
                                                                                                                                              joint
                                                                                                                                              enterprise
                                                                                                                                              or
                                                                                                                                              fiduciary
                                                                                                                                              relationship
                                                                                                                                              between
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              one
                                                                                                                                              hand
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              Assignee
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              other,
                                                                                                                                              (d)
                                                                                                                                              it
                                                                                                                                              shall
                                                                                                                                              not
                                                                                                                                              enforce
                                                                                                                                              or
                                                                                                                                              take
                                                                                                                                              any
                                                                                                                                              action
                                                                                                                                              to
                                                                                                                                              enforce
                                                                                                                                              any
                                                                                                                                              lien
                                                                                                                                              or
                                                                                                                                              security
                                                                                                                                              interest
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              assets
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Borrower,
                                                                                                                                              (e)
                                                                                                                                              all
                                                                                                                                              cash
                                                                                                                                              payments
                                                                                                                                              received
                                                                                                                                              by
                                                                                                                                              Assignee
                                                                                                                                              in
                                                                                                                                              respect
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              subordinated
                                                                                                                                              in
                                                                                                                                              favor
                                                                                                                                              of
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              and
                                                                                                                                              until
                                                                                                                                              such
                                                                                                                                              time
                                                                                                                                              as
                                                                                                                                              Assignor
                                                                                                                                              on
                                                                                                                                              behalf
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              shall
                                                                                                                                              have
                                                                                                                                              received
                                                                                                                                              payment
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              debt
                                                                                                                                              owing
                                                                                                                                              by
                                                                                                                                              Borrower
                                                                                                                                              to
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              of
                                                                                                                                              at
                                                                                                                                              least
                                                                                                                                              $350,000
                                                                                                                                              (inclusive
                                                                                                                                              of
                                                                                                                                              purchase
                                                                                                                                              price
                                                                                                                                              payments
                                                                                                                                              hereunder)
                                                                                                                                              Assignee
                                                                                                                                              shall
                                                                                                                                              not
                                                                                                                                              be
                                                                                                                                              entitled
                                                                                                                                              to
                                                                                                                                              retain
                                                                                                                                              any
                                                                                                                                              such
                                                                                                                                              proceeds,
                                                                                                                                              all
                                                                                                                                              of
                                                                                                                                              which
                                                                                                                                              if
                                                                                                                                              received
                                                                                                                                              by
                                                                                                                                              Assignee
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              held
                                                                                                                                              by
                                                                                                                                              Assignee
                                                                                                                                              in
                                                                                                                                              trust
                                                                                                                                              for
                                                                                                                                              Assignor
                                                                                                                                              and
                                                                                                                                              turned
                                                                                                                                              over
                                                                                                                                              to
                                                                                                                                              Assignor
                                                                                                                                              immediately
                                                                                                                                              following
                                                                                                                                              Assignee’s
                                                                                                                                              receipt
                                                                                                                                              thereof,
                                                                                                                                              (f)
                                                                                                                                              neither
                                                                                                                                              Assignor
                                                                                                                                              nor
                                                                                                                                              any
                                                                                                                                              Holder
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              responsible
                                                                                                                                              to
                                                                                                                                              Assignee
                                                                                                                                              for
                                                                                                                                              any
                                                                                                                                              statements,
                                                                                                                                              warranties
                                                                                                                                              or
                                                                                                                                              representations
                                                                                                                                              made
                                                                                                                                              by
                                                                                                                                              Borrower
                                                                                                                                              or
                                                                                                                                              any
                                                                                                                                              other
                                                                                                                                              party
                                                                                                                                              in
                                                                                                                                              or
                                                                                                                                              in
                                                                                                                                              connection
                                                                                                                                              with
                                                                                                                                              the
                                                                                                                                              loan
                                                                                                                                              documents
                                                                                                                                              relating
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              underlying
                                                                                                                                              Debt,
                                                                                                                                              the
                                                                                                                                              perfection
                                                                                                                                              of
                                                                                                                                              any
                                                                                                                                              lien
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              collateral
                                                                                                                                              granted
                                                                                                                                              under
                                                                                                                                              any
                                                                                                                                              of
                                                                                                                                              such
                                                                                                                                              loan
                                                                                                                                              documents,
                                                                                                                                              or
                                                                                                                                              for
                                                                                                                                              the
                                                                                                                                              due
                                                                                                                                              execution,
                                                                                                                                              legality,
                                                                                                                                              validity,
                                                                                                                                              enforceability,
                                                                                                                                              legal
                                                                                                                                              sufficiency
                                                                                                                                              or
                                                                                                                                              value
                                                                                                                                              of
                                                                                                                                              such
                                                                                                                                              loan
                                                                                                                                              documents,
                                                                                                                                              or
                                                                                                                                              for
                                                                                                                                              Borrower’s
                                                                                                                                              financial
                                                                                                                                              condition
                                                                                                                                              or
                                                                                                                                              for
                                                                                                                                              Borrower’s
                                                                                                                                              ability
                                                                                                                                              to
                                                                                                                                              repay
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              or
                                                                                                                                              otherwise
                                                                                                                                              perform
                                                                                                                                              under
                                                                                                                                              the
                                                                                                                                              terms
                                                                                                                                              of
                                                                                                                                              such
                                                                                                                                              loan
                                                                                                                                              documents,
                                                                                                                                              (g)
                                                                                                                                              it
                                                                                                                                              has
                                                                                                                                              made
                                                                                                                                              and
                                                                                                                                              shall
                                                                                                                                              continue
                                                                                                                                              to
                                                                                                                                              make
                                                                                                                                              independently
                                                                                                                                              and
                                                                                                                                              without
                                                                                                                                              reliance
                                                                                                                                              upon
                                                                                                                                              Assignor
                                                                                                                                              and/or
                                                                                                                                              any
                                                                                                                                              Holder
                                                                                                                                              its
                                                                                                                                              own
                                                                                                                                              investigation
                                                                                                                                              and
                                                                                                                                              evaluation
                                                                                                                                              of
                                                                                                                                              Borrower’s
                                                                                                                                              business,
                                                                                                                                              property
                                                                                                                                              and
                                                                                                                                              financial
                                                                                                                                              condition
                                                                                                                                              and
                                                                                                                                              the
                                                                                                                                              collateral,
                                                                                                                                              and
                                                                                                                                              (h)
                                                                                                                                              it
                                                                                                                                              has
                                                                                                                                              evaluated
                                                                                                                                              such
                                                                                                                                              loan
                                                                                                                                              documents
                                                                                                                                              as
                                                                                                                                              it
                                                                                                                                              has
                                                                                                                                              deemed
                                                                                                                                              necessary
                                                                                                                                              and
                                                                                                                                              its
                                                                                                                                              decision
                                                                                                                                              to
                                                                                                                                              acquire
                                                                                                                                              its
                                                                                                                                              interest
                                                                                                                                              hereunder
                                                                                                                                              was
                                                                                                                                              based
                                                                                                                                              on
                                                                                                                                              such
                                                                                                                                              investigation
                                                                                                                                              and
                                                                                                                                              evaluation,
                                                                                                                                              in
                                                                                                                                              addition
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              representations
                                                                                                                                              and
                                                                                                                                              agreements
                                                                                                                                              herein.

	k.		The
                                                                                                                                              parties
                                                                                                                                              acknowledge
                                                                                                                                              that
                                                                                                                                              notwithstanding
                                                                                                                                              anything
                                                                                                                                              contained
                                                                                                                                              in
                                                                                                                                              any
                                                                                                                                              document,
                                                                                                                                              instrument
                                                                                                                                              or
                                                                                                                                              agreement
                                                                                                                                              evidencing
                                                                                                                                              the
                                                                                                                                              Debt,
                                                                                                                                              the
                                                                                                                                              interest
                                                                                                                                              rate
                                                                                                                                              payable
                                                                                                                                              by
                                                                                                                                              Borrower
                                                                                                                                              in
                                                                                                                                              respect
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              is
                                                                                                                                              hereby
                                                                                                                                              reset
                                                                                                                                              at
                                                                                                                                              zero
                                                                                                                                              percent
                                                                                                                                              (0%),
                                                                                                                                              effective
                                                                                                                                              as
                                                                                                                                              of
                                                                                                                                              January
                                                                                                                                              31,
                                                                                                                                              2013;
                                                                                                                                              provided
                                                                                                                                              that
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              event
                                                                                                                                              that
                                                                                                                                              Assignee
                                                                                                                                              shall
                                                                                                                                              at
                                                                                                                                              any
                                                                                                                                              time
                                                                                                                                              be
                                                                                                                                              in
                                                                                                                                              breach
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              or
                                                                                                                                              the
                                                                                                                                              Warrants,
                                                                                                                                              the
                                                                                                                                              interest
                                                                                                                                              rate
                                                                                                                                              on
                                                                                                                                              that
                                                                                                                                              portion
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Debt
                                                                                                                                              not
                                                                                                                                              deemed
                                                                                                                                              purchased
                                                                                                                                              by
                                                                                                                                              Assignee
                                                                                                                                              under
                                                                                                                                              Section
                                                                                                                                              10(d)
                                                                                                                                              shall
                                                                                                                                              be
                                                                                                                                              reinstated
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              interest
                                                                                                                                              rate
                                                                                                                                              which
                                                                                                                                              was
                                                                                                                                              applicable
                                                                                                                                              to
                                                                                                                                              such
                                                                                                                                              Debt
                                                                                                                                              immediately
                                                                                                                                              prior
                                                                                                                                              to
                                                                                                                                              entering
                                                                                                                                              into
                                                                                                                                              of
                                                                                                                                              this
                                                                                                                                              Agreement
                                                                                                                                              (assuming
                                                                                                                                              that
                                                                                                                                              JDM
                                                                                                                                              Group,
                                                                                                                                              LLC
                                                                                                                                              was
                                                                                                                                              in
                                                                                                                                              breach
                                                                                                                                              of
                                                                                                                                              its
                                                                                                                                              assignment
                                                                                                                                              and
                                                                                                                                              assumption
                                                                                                                                              agreement
                                                                                                                                              with
                                                                                                                                              Assignor).

	l.		As
                                                                                                                                              further
                                                                                                                                              consideration
                                                                                                                                              for
                                                                                                                                              Assignors
                                                                                                                                              agreements
                                                                                                                                              herein,
                                                                                                                                              the
                                                                                                                                              Trading
                                                                                                                                              Company
                                                                                                                                              hereby
                                                                                                                                              agrees
                                                                                                                                              to
                                                                                                                                              issue
                                                                                                                                              to
                                                                                                                                              the
                                                                                                                                              Holders
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              Effective
                                                                                                                                              Date
                                                                                                                                              a
                                                                                                                                              series
                                                                                                                                              of
                                                                                                                                              three-year
                                                                                                                                              warrants
                                                                                                                                              to
                                                                                                                                              purchase
                                                                                                                                              an
                                                                                                                                              aggregate
                                                                                                                                              of
                                                                                                                                              10
                                                                                                                                              million
                                                                                                                                              shares
                                                                                                                                              of
                                                                                                                                              common
                                                                                                                                              stock
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Trading
                                                                                                                                              Company
                                                                                                                                              at
                                                                                                                                              a
                                                                                                                                              price
                                                                                                                                              of
                                                                                                                                              $0.01,
                                                                                                                                              in
                                                                                                                                              the
                                                                                                                                              form
                                                                                                                                              attached
                                                                                                                                              hereto
                                                                                                                                              as
                                                                                                                                              Exhibit
                                                                                                                                              B
                                                                                                                                              (the
                                                                                                                                              “Warrants”
                                                                                                                                              and
                                                                                                                                              each,
                                                                                                                                              a
                                                                                                                                              “Warrant”).
                                                                                                                                              For
                                                                                                                                              further
                                                                                                                                              clarification,
                                                                                                                                              on
                                                                                                                                              the
                                                                                                                                              Effective
                                                                                                                                              Date,
                                                                                                                                              the
                                                                                                                                              Trading
                                                                                                                                              Company
                                                                                                                                              shall
                                                                                                                                              issue
                                                                                                                                              (i)
                                                                                                                                              to
                                                                                                                                              Valens
                                                                                                                                              Offshore
                                                                                                                                              SPV
                                                                                                                                              I,
                                                                                                                                              Ltd.
                                                                                                                                              a
                                                                                                                                              Warrant
                                                                                                                                              exercisable
                                                                                                                                              into
                                                                                                                                              7,240,000
                                                                                                                                              shares
                                                                                                                                              of
                                                                                                                                              common
                                                                                                                                              stock
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Trading
                                                                                                                                              Company,
                                                                                                                                              (ii)
                                                                                                                                              to
                                                                                                                                              Valens
                                                                                                                                              Offshore
                                                                                                                                              SPV
                                                                                                                                              II,
                                                                                                                                              Corp.
                                                                                                                                              a
                                                                                                                                              Warrant
                                                                                                                                              exercisable
                                                                                                                                              into
                                                                                                                                              2,329,000
                                                                                                                                              shares
                                                                                                                                              of
                                                                                                                                              common
                                                                                                                                              stock
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Trading
                                                                                                                                              Company;
                                                                                                                                              and
                                                                                                                                              (iii)
                                                                                                                                              to
                                                                                                                                              Valens
                                                                                                                                              U.S.
                                                                                                                                              SPV
                                                                                                                                              I,
                                                                                                                                              LLC
                                                                                                                                              a
                                                                                                                                              Warrant
                                                                                                                                              exercisable
                                                                                                                                              into
                                                                                                                                              431,000
                                                                                                                                              shares
                                                                                                                                              of
                                                                                                                                              common
                                                                                                                                              stock
                                                                                                                                              of
                                                                                                                                              the
                                                                                                                                              Trading
                                                                                                                                              Company..

 

     

     

    

SIGNATURE
PAGE

	Effective
    Date:	See
    Section 10(e)
	Principal
    Amount of Debt to be Assigned:	$4,907,810.31
	Description
    of Debt to be Assigned:	Above
    and as described under Exhibit A (subject to the Previously Assigned Debt)
	Assignment
    Payment:	The
    Purchase Price $350,000
	Name
    of Trading Company (Borrower):	Pervasip
    Corp. (f/k/a eLEC Communications Corp.)
	Name
    of Assignor:	LV
    Administrative Services, Inc., as Agent
	Address
    of Assignor:	420
    Lexington Avenue, Suite 2840, New York, NY 10170
	Name
    of Assignee:	NetCapital.com
    LLC
	Address
    of Assignee:	PO
    Box 277 Hingham, MA 02043

The
undersigned hereby execute this document, which shall be deemed effective on the Effective Date noted:

Assignor:

LV
ADMINISTRATIVE SERVICES, INC., AS AGENT

	
	 	 	 
	 	 	 
	By:	/s/
                                                                                                                                    Eugene Grin	 
	 	Name: Eugene Grin	 
	 	

Its:

Assignee:

 

	NetCapital.com LLC
	 	 	 
	 	 	 
	By:	/s/
John Fanning	 
	 	Name: John Fanning	 
	 	Title: Authorized Signatory	 

 

Trading
Company

The
undersigned trading company hereby joins in for the following express purposes: it hereby agrees and confirms the statements as
to the past and current nature of the Debt and relationship with the Assignor and statements otherwise above are true, correct
and complete.

Name
of Trading Company: Pervasip Corp. (f/k/a eLEC Communications Corp.) (“Borrower”)

	PERVASIP
    CORP.
	 	 	 
	 	 	 
	By:	/s/
                                                                                                                                    Paul
                                                                                                                                    H.
                                                                                                                                    Riss	 
	 	Name:
                                                                                                                                         Paul
                                                                                                                                         H.
                                                                                                                                         Riss	 
	 	Title:
                                                                                                                                         Chief
                                                                                                                                         Executive
                                                                                                                                         Officer

     

     

    

EXHIBIT
A

Description
of Debt and Holders

	a.		Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      May
                                                                                                                                                                                      28,
                                                                                                                                                                                      2008
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      Offshore
                                                                                                                                                                                      SPV
                                                                                                                                                                                      II,
                                                                                                                                                                                      Corp.
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $1,400,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	b.		Second
                                                                                                                                                                                      Amended
                                                                                                                                                                                      and
                                                                                                                                                                                      Restated
                                                                                                                                                                                      Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      May
                                                                                                                                                                                      28,
                                                                                                                                                                                      2008
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      Offshore
                                                                                                                                                                                      SPV
                                                                                                                                                                                      I,
                                                                                                                                                                                      Ltd.
                                                                                                                                                                                      (as
                                                                                                                                                                                      assignee
                                                                                                                                                                                      of
                                                                                                                                                                                      Laurus
                                                                                                                                                                                      Master
                                                                                                                                                                                      Fund,
                                                                                                                                                                                      Ltd.)
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $1,428,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	c.		Amended
                                                                                                                                                                                      and
                                                                                                                                                                                      Restated
                                                                                                                                                                                      Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      May
                                                                                                                                                                                      28,
                                                                                                                                                                                      2008
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      Offshore
                                                                                                                                                                                      SPV
                                                                                                                                                                                      II,
                                                                                                                                                                                      Corp.
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $600,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	d.		Amended
                                                                                                                                                                                      and
                                                                                                                                                                                      Restated
                                                                                                                                                                                      Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      May
                                                                                                                                                                                      28,
                                                                                                                                                                                      2008
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      Offshore
                                                                                                                                                                                      SPV
                                                                                                                                                                                      I,
                                                                                                                                                                                      Ltd.
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $3,400,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	e.		Fourth
                                                                                                                                                                                      Amended
                                                                                                                                                                                      and
                                                                                                                                                                                      Restated
                                                                                                                                                                                      Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      September
                                                                                                                                                                                      28,
                                                                                                                                                                                      2008
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      Offshore
                                                                                                                                                                                      SPV
                                                                                                                                                                                      I,
                                                                                                                                                                                      Ltd.
                                                                                                                                                                                      (as
                                                                                                                                                                                      assignee
                                                                                                                                                                                      of
                                                                                                                                                                                      Laurus
                                                                                                                                                                                      Master
                                                                                                                                                                                      Fund,
                                                                                                                                                                                      Ltd.)
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $1,966,667,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	f.		Second
                                                                                                                                                                                      Amended
                                                                                                                                                                                      and
                                                                                                                                                                                      Restated
                                                                                                                                                                                      Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      December
                                                                                                                                                                                      12,
                                                                                                                                                                                      2008
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      Offshore
                                                                                                                                                                                      SPV
                                                                                                                                                                                      I,
                                                                                                                                                                                      Ltd.
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $1,100,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	g.		Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      February
                                                                                                                                                                                      18,
                                                                                                                                                                                      2009
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      U.S.
                                                                                                                                                                                      SPV
                                                                                                                                                                                      I,
                                                                                                                                                                                      LLC
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $348,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	h.		Secured
                                                                                                                                                                                      Term
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      February
                                                                                                                                                                                      18,
                                                                                                                                                                                      2009
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      Offshore
                                                                                                                                                                                      SPV
                                                                                                                                                                                      II,
                                                                                                                                                                                      Corp.
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $252,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	i.		Demand
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      October
                                                                                                                                                                                      6,
                                                                                                                                                                                      2009
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      U.S.
                                                                                                                                                                                      SPV
                                                                                                                                                                                      I,
                                                                                                                                                                                      LLC
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $10,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	j.		Demand
                                                                                                                                                                                      Note
                                                                                                                                                                                      dated
                                                                                                                                                                                      as
                                                                                                                                                                                      of
                                                                                                                                                                                      November
                                                                                                                                                                                      5,
                                                                                                                                                                                      2009
                                                                                                                                                                                      made
                                                                                                                                                                                      by
                                                                                                                                                                                      Borrower
                                                                                                                                                                                      in
                                                                                                                                                                                      favor
                                                                                                                                                                                      of
                                                                                                                                                                                      Valens
                                                                                                                                                                                      U.S.
                                                                                                                                                                                      SPV
                                                                                                                                                                                      I,
                                                                                                                                                                                      LLC
                                                                                                                                                                                      in
                                                                                                                                                                                      the
                                                                                                                                                                                      original
                                                                                                                                                                                      principal
                                                                                                                                                                                      amount
                                                                                                                                                                                      of
                                                                                                                                                                                      $50,000,
                                                                                                                                                                                      as
                                                                                                                                                                                      amended,
                                                                                                                                                                                      modified
                                                                                                                                                                                      and
                                                                                                                                                                                      supplemented
                                                                                                                                                                                      from
                                                                                                                                                                                      time
                                                                                                                                                                                      to
                                                                                                                                                                                      time.

	k.		All
                                                                                                                                                                                      loan
                                                                                                                                                                                      documents
                                                                                                                                                                                      (other
                                                                                                                                                                                      than
                                                                                                                                                                                      any
                                                                                                                                                                                      warrants,
                                                                                                                                                                                      options
                                                                                                                                                                                      or
                                                                                                                                                                                      other
                                                                                                                                                                                      equity
                                                                                                                                                                                      interests
                                                                                                                                                                                      received
                                                                                                                                                                                      by
                                                                                                                                                                                      any
                                                                                                                                                                                      Holder)
                                                                                                                                                                                      entered
                                                                                                                                                                                      into
                                                                                                                                                                                      in
                                                                                                                                                                                      connection
                                                                                                                                                                                      with
                                                                                                                                                                                      the
                                                                                                                                                                                      transactions
                                                                                                                                                                                      contemplated
                                                                                                                                                                                      by
                                                                                                                                                                                      the
                                                                                                                                                                                      foregoing

     

     

    

EXHIBIT
B

FORM
OF COMMON STOCK PURCHASE WARRANT

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