Document:

srer_ex106.htm

EXHIBIT 10.6

 

DOMAIN NAMES PURCHASE AGREEMENT

This Domain Names Purchase Agreement (the “Agreement”) is entered into effective August 24, 2012 (the “Closing Date”) by and between High Level Technologies, Inc. (the “Seller”) and SearchCore, Inc., a Nevada corporation (the “Buyer”).  Each of the Seller and the Buyer may be referred to herein as a “Party” and collectively as the “Parties.”

RECITALS

WHEREAS, Seller is the owner of the Fifty Seven (57) Domain Names set forth on Exhibit A attached hereto and made a part hereof (the “Domain Names”);

WHEREAS, Seller desires to sell, and Buyer desires to purchase, the Domain Names on the terms and conditions set forth herein.

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

AGREEMENT

 

1. Seller hereby agrees to sell, and Purchaser hereby agrees to purchase, the Domain Names.

 

2. The purchase price for the Domain Names shall be One Hundred Thousand Dollars ($100,000.00) (the “Purchase Price”), payable at Closing.  The closing (“Closing”) shall take place on August 24, 2012, or such date that the parties shall agree (the “Closing Date”).

 

On the Closing Date, the Seller will transfer to Escrow.com, free and clear from any and all liens and encumbrances other than those created by the escrow, all right, title and interest in and to the Domain Names, including any trademark rights associated with the Domain Names and all internet traffic to the Domain Names, in accordance the terms of a written escrow agreement acceptable to the Parties.

 

3. Each Party agrees to indemnify and hold harmless the other against any and all liability, loss and costs, expenses or damages, including but not limited to, any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever or howsoever caused by reason of any injury (whether to body, property, personal or business character or reputation) sustained by any person or to any person or property, arising out of any act, failure to act, neglect, any untrue or alleged untrue statement of a material fact or failure to state a material fact which thereby makes a statement false or misleading, or any breach of any material representation, warranty or covenant by either Party or any of its agents, employees, or other representatives.  Nothing herein is intended to nor shall it relieve either party from liability for its own willful act, omission or negligence. All remedies provided by law, or in equity shall be cumulative and not in the alternative.

 

 

Page 1 of 3

 

4. Each Party hereto will hold and will cause its agents, officers, directors, attorneys, employees, consultants and advisors to hold in strict confidence, unless compelled to disclose by judicial or administrative process or, in the opinion of its counsel, by other requirements of law, all documents and information concerning any other Party furnished it by such other Party or its representatives in connection with the subject matter hereof (except to the extent that such information can be shown to have been (i) previously known by the Party to which it was furnished, (ii) in the public domain through no fault of such Party, or (iii) later lawfully acquired from other sources by the Party to which it was furnished), and each Party will not release or disclose such information to any other person, except its auditors, attorneys, financial advisors, bankers and other consultants and advisors in connection with this Agreement.

5. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the Party to be notified, (b) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not, then on the next business day, or (c) upon personal delivery if deposited with a recognized courier with written verification of receipt.  All communications shall be sent as follows:

 

	If to Seller:	High Level Technologies, Inc.
	 	_______________________
	 	_______________________
	 	_______________________
	 	_______________________
	 	 
	If to Buyer:  	SearchCore, Inc. 

1300 Dove Street, Suite 100

Newport Beach, CA  92660

jpakulis@searchcore.com

 

or at such other address as the Seller or Buyer may designate by ten (10) days advance written notice to the other Party hereto.

6. This Agreement sets forth the entire understanding of the Parties and supersedes any prior agreement or understanding relating to the subject matter hereof.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by all the Parties.  No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver.  No waiver shall be binding unless executed in writing by the Party making the waiver.

 

 

Page 2 of 3

 

7. Neither Party may assign, sell, transfer or otherwise convey, pledge or encumber any of its rights, obligations or interests under this Agreement without the prior written consent of the Party.

8. Except as otherwise provided herein, the provisions hereof shall insure to the benefit of, and be binding upon, the successor, assigns, heirs, executors and administrators of the Parties hereto

9. This Agreement shall be governed by and construed in accordance with the laws of the State of California.  In the event that any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable or void in any jurisdiction to be unenforceable or void in any jurisdiction, the other provisions of this Agreement shall remain in full force and effect under applicable law and shall be construed in order to effectuate the purpose and intent of this Agreement.  Any action brought by any party hereto shall be brought in the courts located in Orange County California.

10. Except as otherwise provided herein, if a dispute should arise between the Parties including, but not limited to arbitration, the prevailing party shall be reimbursed by the non-prevailing party for all reasonable expenses incurred in resolving such dispute, including reasonable attorneys' fees.

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

	
“Seller”

	
“Buyer”

	 
	  	  	 
	
High Level Technologies, Inc.

	
SearchCore, Inc.,

	 
	  	
a Nevada corporation

	 
	  	  	 
	 	 	 
	_____________________________________	/s/ James Pakulis	 
	
By:   _________________________________

	By:  James Pakulis    	 
	
Its:    _________________________________

	Its:  President and Chief Executive Officer	 

 

 

Page 3 of 3

 

 

Exhibit A

Domain Names

	
1

	
ALLSPORTRULES.COM

	
2

	
ACTIONSPORTSASYLUM.COM

	
3

	
AUTOMOBILEASYLUM.COM

	
4

	
AUTOMOBILEASYLUM.INFO

	
5

	
COLLEGESPORTSASYLUM.COM

	
6

	
EXTREMESPORTSASYLUM.COM

	
7

	
FIELDSPORTRULES.COM

	
8

	
JUDGE-SPORTS.COM

	
9

	
JUDGE-SPORTS.INFO

	
10

	
JUDGE-SPOT.COM

	
11

	
JUDGE-SPOTS.COM

	
12

	
MANUFACTUREDHOMELOTS.COM

	
13

	
MANUFACTUREDHOMELOTS.INFO

	
14

	
MANUFACTUREDLOTS.COM

	
15

	
MANUFACTUREDLOTS.INFO

	
16

	
MAPMYACTIVITY.COM

	
17

	
MAPMYSPORT.COM

	
18

	
MAPMYSPORT.COM

	
19

	
MAPMYSPORT.NET

	
20

	
MAPMYSPORT.NET

	
21

	
MAPS4SPORTS.COM

	
22

	
MOTORSPORTSASYLUM.COM

	
23

	
MYACTIVECALENDAR.COM

	
24

	
MYDIGITALSPORTSIMAGES.COM

	
25

	
MYDIGITALSPORTSVIDEO.COM

	
26

	
MYDIGITALSPORTSWORLD.COM

	
27

	
MYSPORTMAPS.COM

	
28

	
MYSPORTMAPS.COM

	
29

	
MYSPORTMAPS.NET

	
30

	
MYSPORTMAPS.NET

	
31

	
MYSPORTSMAPS.COM

	
32

	
ONLINESPORTSASYLUM.COM

	
33

	
PREFABFINDER.COM

	
34

	
PREFABHOMELOANS.COM

	
35

	
PREFABHOMELOTS.COM

	
36

	
PREFABHOMELOTS.INFO

 

 

A-1

 

 

	
37

	
RVHUBS.COM

	
38

	
RVHUBS.INFO

	
39

	
RVPARKINGSPACES.COM

	
40

	
SANDSPORTRULES.COM

	
41

	
SANDSPORTSRULES.COM

	
42

	
SPORTSASYLUM.COM

	
43

	
SPORTSTOURNAMENTTRACK.COM

	
44

	
SPORTSTOURNAMENTTRACK.INFO

	
45

	
SPORTSTOURNAMENTTRACKER.COM

	
46

	
SPORTSTOURNAMENTTRACKER.INFO

	
47

	
SPORTSTOURNEYTRACK.COM

	
48

	
SPORTSTOURNEYTRACK.INFO

	
49

	
SPORTSTOURNEYTRACKER.COM

	
50

	
SPORTSTOURNEYTRACKER.INFO

	
51

	
TEAMSPORTSASYLUM.COM

	
52

	
TOURNAMENTTRACK.COM

	
53

	
TOURNAMENTTRACK.INFO

	
54

	
WATERSPORTRULES.COM

	
55

	
WATERSPORTSASYLUM.COM

	
56

	
WATERSPORTSRULES.COM

	
57

	
YOUTHSPORTSASYLUM.COM

 

A-2srer_ex107.htm

EXHIBIT 10.7

 

FIRST AMENDMENT TO DOMAIN NAME PURCHASE AGREEMENT

This First Amendment to Domain Name Purchase Agreement (this “Agreement”) is entered into effective October 25, 2012 (the “Closing Date”) by and between Domain Holdings, Inc., an Alberta corporation (the “Seller”) and SearchCore, Inc., a Nevada corporation (the “Buyer”).  Each of the Seller and the Buyer may be referred to herein as a “Party” and collectively as the “Parties.”

RECITALS

WHEREAS, on or about August 7, 2012, the Parties entered into that certain Domain Name Purchase Agreement (the “Original Agreement”) whereby Seller sold and Buyer purchased the domain names known as www.rodeo.com and www.karate.com (the “Domain Names”), a copy of which is attached hereto as Exhibit A;

WHEREAS, the Parties desire to amend the Original Agreement as set forth herein.

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

AGREEMENT

 

	
1.

	
The Parties hereby amend and restate Section 2 of the Original Agreement as follows:

 

	
  

	
“a.

	
The purchase price for the Domain Names shall be Five Hundred Thousand Dollars ($500,000.00) (the “Purchase Price”), payable in the form of a Non-Recourse Secured Promissory Note (the “Note”) in favor of Seller, in the form and substance substantially as set forth in Exhibit A attached hereto, with payments as follows:

 

	
i.  

	
Purchaser shall pay Seller Fifty Thousand Dollars ($50,000) on August 15, 2012;

 

	
ii.  

	
Purchaser shall pay Seller Fifty Thousand Dollars ($50,000) on November 1, 2012;

 

	
iii.  

	
The remaining balance of Four Hundred Thousand Dollars ($400,000) shall be paid in eighteen (18) equal monthly installments of Twenty Two Thousand Two Hundred and Twenty Two Dollars ($22,222) beginning on June 1, 2013.”

 

	
2.  

	
The Parties shall, simultaneous with the execution of this Agreement, execute a First Amendment to Non-Recourse Secured Promissory Note (the “Note Amendment”), a copy of which is attached hereto as Exhibit B.

 

  

1

  

 

	
3.  

	
Other than as set forth herein, the terms and conditions of the Original Agreement shall remain in full force and effect.

 

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

	
“Seller”

	 	
“Buyer”

	  	 	  
	
Domain Holdings, Inc.,

	 	
SearchCore, Inc.,

	
an Alberta corporation

	 	
a Nevada corporation

	  	 	  
	  	 	  
	/s/ David Jeffs	 	/s/ James Pakulis  
	
By:  David Jeffs

	 	
By:  James Pakulis

	
Its:  Chief Executive Officer

	 	
Its:  Chief Executive Officer

 

 

  

2

  

 

Exhibit A

Original Agreement

 

 

 

 

 

 

  

3

  

 

Exhibit B

Note Amendment

 

 

 

 

 

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}]]