Document:

EXECUTION VERSION

 

AGREEMENT AND PLAN OF MERGER

 

This AGREEMENT AND PLAN
OF MERGER (this “Agreement”), dated as of July 1, 2013, is by and among Mimvi, Inc., a Nevada
corporation (the “Parent”), Adaptive Media Acquisition Co., Inc., an Oregon corporation and a wholly owned subsidiary
of Parent (“Merger Sub”), Adaptive Media, Inc., an Oregon corporation (the “Company”), Qayed Shareef, Morgan
Family Trust, dated February 1, 2000 and Kim Reed Perell (each a “Shareholder” and collectively, the “Shareholders”).
Each of the parties to this Agreement is individually referred to herein as a “Party” and collectively as the “Parties.”

 

BACKGROUND

 

WHEREAS, the respective
boards of directors of Parent, Merger Sub and the Company have approved the merger of Merger Sub with and into the Company (the
“Merger”) upon the terms and subject to the conditions of this Agreement.

 

WHEREAS, the Company
has 10,000 shares of its common stock, no par value (each a “Company Share” and collectively,
the “Company Shares”) issued and outstanding, all of which are held by the Shareholders in the amounts set forth next
to such Shareholder’s name on Exhibit A and the Shareholders have agreed to vote their Company Shares in favor of
the Merger.

 

WHEREAS, the Merger is
intended to constitute a reorganization within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the
“Code”), or such other tax free reorganization or restructuring provisions as may be available under the Code, for
federal income tax purposes.

 

AGREEMENT

 

NOW THEREFORE, for good
and valuable consideration the receipt and sufficiency is hereby acknowledged, the Parties hereto intending to be legally bound
hereby agree as follows:

 

ARTICLE
I

 

The Merger

 

SECTION 1.01.         The
Merger.

 

(a)          Effective
Time of the Merger. Subject to the provisions set forth in this Agreement, Merger Sub will be merged with and into Company
and the separate corporate existence of Merger Sub will cease and the Company will continue its corporate existence under the Oregon
Business Corporation Act (the “OBCA”). Articles of Merger (“Articles of Merger”) in the form attached hereto
as Exhibit B shall be duly prepared by the parties, executed by the Surviving Corporation (as defined below) and delivered
to the Secretary of State of Oregon for filing, as provided in the OBCA as soon as practicable on or after the Closing Date (as
defined in Section 1.01(b)). The Merger shall become effective upon the later to occur of (i) the acceptance for filing of the
Articles of Merger by the Secretary of State of Oregon or (ii) at such later time as is provided in the Articles of Merger (the
“Effective Time”).

 

    	 

    	 

    

 

(b)          Closing.
The closing (“Closing”) of the Merger and the consummation of the transactions contemplated by this Agreement (the
“Transactions”) will take place on the first business day following the satisfaction or waiver of the conditions to
closing set forth in Article V (the “Closing Date”), at such location to be determined by the Company and Parent, or
such other date and time as the Parties may mutually determine.

 

(c)          Effects
of the Merger. At the Effective Time, (i) the separate existence of Merger Sub shall cease and Merger Sub shall be merged with
and into Company and Company shall continue as the surviving corporation and as a wholly owned subsidiary of Parent (subsequent
to the Merger, Company is sometimes referred to herein as the “Surviving Corporation”), (ii) Qayed Shareef and Kevin
Conner shall be the directors and Chief Executive Officer and Chief Financial Officer, respectively, of the Surviving Corporation
until their respective successors shall have been duly elected, designated, or qualified or until their earlier death, resignation,
or removal in accordance with the Surviving Corporation’s articles of incorporation and bylaws, and (iii) the Merger shall,
from and after the Effective Time, have all the effects provided by §60.481 of the OBCA and other applicable law.

 

SECTION 1.02.         Effect
on Capital Stock. As of the Effective Time, by virtue of the Merger and without any action (except as provided in OBCA and
in this Section 1.02) on the part of Merger Sub, Parent, Company, or the Shareholders:

 

(a)          Capital
Stock of Merger Sub. Each share of Merger Sub common stock, $0.001 par value per share, issued and outstanding immediately
prior to the Effective Time, shall be converted into one validly issued, fully paid, and nonassessable share of Surviving Corporation
common stock (“Surviving Corporation Common Stock”), with the stock certificate of Merger Sub evidencing ownership
of such share of Surviving Corporation Common Stock.

 

(b)          Cancellation
of Company Shares. Each Company Share held by Company as treasury stock and each Company Share owned directly or indirectly
by Company or by any subsidiary of Company shall automatically be canceled and retired and shall cease to exist and no consideration
shall be delivered or deliverable in exchange therefor.

 

(c)          Conversion
of Company Shares. Each Company Share shall, without any action on the part of the holder thereof (except as set forth in this
Section 1.02(c)) be converted into the right to receive 3,350 newly issued shares of common stock, par value $0.001 per share of
the Parent (“Parent Stock” or “Merger Consideration”). Based on the number of Company Shares held by each
Shareholder as set forth on Exhibit A, each shareholder shall receive the aggregate number of shares of Parent Stock set
forth next to their name on Exhibit A.

 

(d)          At
the Effective Time, all Company Shares shall no longer be outstanding and shall be cancelled and cease to exist, and each certificate
(a “Certificate”) previously representing any Company Shares shall represent only the right to receive the applicable
Merger Consideration as provided by this Section 1.02.

 

SECTION 1.03.         Appraisal
Rights. Company Shares issued and outstanding immediately prior to the Effective Time and held by a holder who has not consented
to the Merger in writing and who is entitled to demand and properly demands appraisal for such Company Shares in accordance with
the OBCA (the “Dissenting Shares”) shall not be converted into a right to receive the Merger Consideration unless such
holder fails to perfect or withdraws or otherwise loses such holder’s right to appraisal. If, after the Effective Time, such
holder fails to perfect or withdraws or otherwise loses such holder’s right to appraisal, such Company Shares shall be treated
as if they had been converted as of the Effective Time pursuant to Section 1.02, without any interest therefor. The Company shall
give the Parent prompt notice of any demands received by the Company for appraisal of Company Shares, and the Parent shall have
the right to participate at its own expense in all negotiations and proceedings with respect to such demands. The Company shall
not, except with the prior written consent of the Parent, make any payment with respect to, or settle or offer to settle, any such
demands.

 

    	2

    	 

    

 

SECTION 1.04.         Delivery
of Merger Consideration.

 

(a)          Exchange
Procedures. At the Effective Time, Parent will deliver the Merger Consideration to the Shareholders, other than to those holders
of Dissenting Shares not entitled thereto, upon (1) the submission of a Certificate to the Parent and a duly executed letter of
transmittal in the form set forth in Exhibit C (the “Letter of Transmittal”) by such Shareholder. If any Certificate
shall have been lost, stolen, or destroyed, upon the making of an affidavit of that fact by Shareholder claiming such Certificate
to be lost, stolen, or destroyed and, without the requirement of the payment of any fees or the posting by such Shareholder of
a bond, the Parent will issue in exchange for such lost, stolen, or destroyed Certificate, the applicable Merger Consideration
to which the holder thereof is entitled pursuant to this Article I.

 

(b)          No
Further Ownership Rights in Company Shares. The applicable Merger Consideration delivered upon surrender in exchange for Company
Shares in accordance with the terms hereof shall be deemed to have been delivered in full satisfaction of all rights pertaining
to such Company Shares. After the Effective Time there shall be no transfers on the stock transfer books of the Company of Company
Shares issued prior thereto. Upon the effectiveness of the Merger, all Company Shares issued prior thereto (other than Dissenting
Shares) shall no longer be outstanding and shall cease to exist, and each Certificate previously representing any such shares shall
represent only the right to receive the applicable Merger Consideration as described in Section 1.02 subject to the terms of this
Agreement. If, after the Effective Time, Certificates are presented to the Surviving Corporation or the Parent for transfer, they
shall be canceled and exchanged as provided in this Article I, except as otherwise provided by law.

 

(c)          Withholding
Rights. Parent shall be entitled to deduct and withhold from the applicable Merger Consideration otherwise payable pursuant
to this Agreement to any Shareholder immediately prior to the Effective Time, such amounts as Parent is required to deduct and
withhold with respect to the making of such payment under the Code or any provision of state, local, or foreign tax law. Any such
withheld amounts shall be timely paid over to the appropriate Governmental Entity (as defined in Section 2.03). To the extent that
amounts are so withheld by Parent, such withheld amounts shall be treated for all purposes of this Agreement as having been paid
to relevant Shareholder in respect of which such deduction and withholding was made by Parent.

 

ARTICLE
II

 

Representations and Warranties of the Shareholders

 

Each Shareholder hereby
represents and warrants to the Parent, severally and not jointly, as follows:

 

SECTION 2.01.         
Good Title. The Shareholder is the record and beneficial owner, and has good and marketable title to his or her Company
Shares. Such Shareholder owns his Company Shares free and clear of all any and all liens, security interests, pledges, equities,
and claims of any kind, voting trusts, agreements among Shareholders, and other encumbrances. The Company Shares set forth on Exhibit
A are and will be at Closing, all of the Company Shares of the Company.

 

    	3

    	 

    

 

SECTION 2.02.         
Power and Authority. All acts required to be taken by such Shareholder to enter into this Agreement and to carry out the
Transactions have been properly taken. This Agreement constitutes a legal, valid, and binding obligation of such Shareholder, enforceable
against such Shareholder in accordance with the terms hereof, subject to bankruptcy, insolvency, and similar laws of general applicability
as to which the Shareholder is subject. Such Shareholder has the requisite power and authority to enter into this Agreement and
to consummate the transactions contemplated hereby and otherwise to carry out such Shareholder’s obligations hereunder.

 

SECTION 2.03.         
No Conflicts. No consent, approval, or agreement of any individual or entity is required to be obtained by such Shareholder
in connection with the execution and performance by such Shareholder of this Agreement or the execution and performance by such
Shareholder of any agreements, instruments, or other obligations entered into in connection with this Agreement. The execution
and delivery of this Agreement by such Shareholder and the performance by such Shareholder of his or her obligations hereunder
in accordance with the terms hereof: (i) will not require the consent of any third party or any federal, state, local, or foreign
government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality,
domestic or foreign (“Governmental Entity”) under any statutes, laws, ordinances, rules, regulations, orders, writs,
injunctions, judgments, or decrees (collectively, “Laws”); (ii) will not violate any Laws applicable to such Shareholder;
and (iii) will not violate or breach in any material respect any contractual obligation to which such Shareholder is a party.

 

SECTION 2.04.         
No Finder’s Fee. Such Shareholder has not created any obligation for any finder’s, investment banker’s
or broker’s fee in connection with the Transactions that the Company or the Parent will be responsible for paying.

 

SECTION 2.05.         
Purchase Entirely for Own Account. The Parent Stock proposed to be acquired by such Shareholder hereunder will be acquired
for investment for his own accounts, and not with a view to immediately resell or distribute any part thereof, and the Shareholder
has no present intention of selling or otherwise distributing the Parent Stock except in compliance with applicable securities
laws.

 

SECTION 2.06.         
Available Information. Such Shareholder has such knowledge and experience in financial and business matters that it is capable
of evaluating the merits and risks of an investment in the Parent.

 

SECTION 2.07.         
Non-Registration. Such Shareholder understands that the shares of Parent Stock have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”) and, if issued in accordance with the provisions of this Agreement,
will be issued by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among
other things, the bona fide nature of the investment intent and the accuracy of the Shareholder’s representations as expressed
herein.

 

SECTION 2.08.         
Restricted Securities. Such Shareholder understands that the Parent Stock is characterized as “restricted securities”
under the Securities Act inasmuch as this Agreement contemplates that, if acquired by the Shareholder pursuant hereto, the Parent
Stock would be acquired in a transaction not involving a public offering. Such Shareholder further acknowledges that if the Parent
Stock is issued to the Shareholder in accordance with the provisions of this Agreement, such Parent Stock may not be resold without
registration under the Securities Act or the existence of an exemption therefrom. Such Shareholder represents that he or she is
familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations imposed
thereby and by the Securities Act.

 

SECTION 2.09.         
Legends. It is understood that the shares of Parent Stock will bear the following legend or another legend that is similar
to the following:

 

    	4

    	 

    

 

THESE SECURITIES HAVE NOT BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE
OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY TO SUCH EFFECT, THE SUBSTANCE OF WHICH
SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

and any legend required by the “blue
sky” laws of any state to the extent such laws are applicable to the securities represented by the certificate so legended.

 

SECTION 2.10.         
Accredited Investor. Such Shareholder is an “accredited investor” within the meaning of Rule 501 under the Securities
Act.

 

SECTION 2.11.       
Shareholder Acknowledgment. There is no judgment, decree, or order against such Shareholder that could prevent, enjoin,
alter, or delay any of the Transactions contemplated by this Agreement. Such Shareholder is aware of the Company’s business
affairs and financial condition and has reached an informed and knowledgeable decision to enter into this Agreement. The Shareholder
has access to and has reviewed the Parent’s filings with the Securities and Exchange Commission, at WWW.SEC.GOV,
including the “Risk Factors” contained therein.

 

ARTICLE
III

 

Representations and Warranties of the Company

 

The Company and Qayed
Shareef represent and warrant to the Parent, except as set forth in a schedule (the “Company Disclosure Schedule”),
as follows:

 

SECTION 3.01.         
Organization, Standing, and Power. The Company is duly incorporated or organized, validly existing, and in good standing
under the laws of the State of Oregon and has the corporate power and authority and possesses all governmental franchises, licenses,
permits, authorizations, and approvals necessary to enable it to own, lease, or otherwise hold its properties and assets and to
conduct its businesses as presently conducted, other than such franchises, licenses, permits, authorizations, and approvals the
lack of which, individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect
on the financial position, assets, property, business or operations of the Company, a material adverse effect on the ability of
the Company to perform its obligations under this Agreement or on the ability of the Company to consummate the Transactions (a
“Company Material Adverse Effect”). The Company is duly qualified to do business in each jurisdiction where the nature
of its business or its ownership or leasing of its properties make such qualification necessary, except where the failure to so
qualify would not reasonably be expected to have a Company Material Adverse Effect. The Company has delivered to the Parent true
and complete copies of the articles of organization and bylaws of the Company, each as amended to the date of this Agreement (as
so amended, the “Company Charter Documents”).

 

    	5

    	 

    

 

SECTION 3.02.         
Capital Structure. The authorized capital structure of the Company consists of 10,000 shares of outstanding common stock.
Other than the Company Shares, no other shares of the Company are issued, reserved for issuance, or outstanding. All outstanding
shares of the Company are duly authorized, validly issued, fully paid, and non-assessable and not subject to or issued in violation
of any purchase option, call option, right of first refusal, preemptive right, subscription right, or any similar right under any
provision of the applicable corporate laws of its state of incorporation, the Company Charter Documents, or any Contract (as defined
in Section 3.04) to which the Company is a party or otherwise bound. There are no bonds, debentures, notes, or other indebtedness
of the Company having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any
matters on which holders of Company Shares may vote (“Voting Company Debt”). Except as otherwise set forth herein,
as of the date of this Agreement, there are no options, warrants, rights, convertible or exchangeable securities, “phantom”
stock rights, stock appreciation rights, stock-based performance units, commitments, Contracts, arrangements, or undertakings of
any kind to which the Company is a party or by which the Company is bound (i) obligating the Company to issue, deliver, or sell,
or cause to be issued, delivered, or sold, additional Company Shares or other equity interests in, or any security convertible
or exercisable for or exchangeable into any Company Shares or other equity interest in, the Company or any Voting Company Debt,
(ii) obligating the Company to issue, grant, extend, or enter into any such option, warrant, call, right, security, commitment,
Contract, arrangement, or undertaking, or (iii) that give any person the right to receive any economic benefit or right similar
to or derived from the economic benefits and rights occurring to holders of the Company Shares of the Company.

 

SECTION 3.03.         
Authority; Execution and Delivery; Enforceability. The Company has all requisite corporate power and authority to execute,
deliver and perform this Agreement and to consummate the Transactions. The execution, delivery and performance by the Company of
this Agreement and the consummation by the Company of the Transactions have been duly authorized and approved by the Board of Directors
of the Company and no other corporate proceedings on the part of the Company are necessary to authorize this Agreement and the
Transactions. When executed and delivered, this Agreement will be enforceable against the Company in accordance with its terms,
subject to bankruptcy, insolvency, and similar laws of general applicability as to which the Company is subject.

 

SECTION 3.04.         
No Conflicts; Consents.

 

(a)          The
execution and delivery by the Company of this Agreement does not, and the consummation of the Transactions and compliance with
the terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without notice or lapse
of time, or both) under, or give rise to a right of termination, cancellation, or acceleration of any obligation or to loss of
a material benefit under, or result in the creation of any lien upon any of the properties or assets of the Company under any provision
of (i) the Company Charter Documents, (ii) any material contract, lease, license, indenture, note, bond, agreement, permit, concession,
franchise, or other instrument (a “Contract”) to which the Company is a party or by which any of its respective properties
or assets is bound, or (iii) subject to the filings and other matters referred to in Section 3.04(b), any material judgment, order,
or decree (“Judgment”) or material Law applicable to the Company or its properties or assets, other than, in the case
of clauses (ii) and (iii) above, any such items that, individually or in the aggregate, have not had and would not reasonably be
expected to have a Company Material Adverse Effect.

 

(b)          Except
for required filings with the Securities and Exchange Commission (the “SEC”) and applicable “Blue Sky”
or state securities commissions and the filing of the Articles of Merger with the Oregon Secretary of State, no material consent,
approval, license, permit, order or authorization (“Consent”) of, or registration, declaration or filing with, or permit
from, any Governmental Entity is required to be obtained or made by or with respect to the Company in connection with the execution,
delivery, and performance of this Agreement or the consummation of the Transactions.

 

    	6

    	 

    

 

SECTION 3.05.         
Taxes.

 

(a)          The
Company has timely filed, or has caused to be timely filed on its behalf, all Tax Returns required to be filed by it, and all such
Tax Returns are true, complete, and accurate, except to the extent any failure to file or any inaccuracies in any filed Tax Returns,
individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect.
All material Taxes shown to be due on such Tax Returns, or otherwise owed, have been timely paid, except to the extent that any
failure to pay, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse
Effect. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the
officers of the Company know of no basis for any such claim.

 

(b)          If
applicable, the Company has established an adequate reserve reflected on its financial statements for the period ended May 31,
2013 (such unaudited financial statements being referred to herein, collectively as the “Interim Financial Statements”)
for all material Taxes payable by the Company (in addition to any reserve for deferred Taxes to reflect timing differences between
book and Tax items) for all Taxable periods and portions thereof through the date of the Interim Financial Statements. No material
deficiency with respect to any Taxes has been proposed, asserted or assessed against the Company, and no requests for waivers of
the time to assess any such Taxes are pending, except to the extent any such deficiency or request for waiver, individually or
in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect.

 

(c)          For
purposes of this Agreement:

 

“Taxes” includes
all forms of taxation, whenever created or imposed, and whether of the United States or elsewhere, and whether imposed by a local,
municipal, governmental, state, foreign, federal, or other Governmental Entity, or in connection with any agreement with respect
to Taxes, including all interest, penalties, and additions imposed with respect to such amounts.

 

“Tax Return”
means all federal, state, local, provincial, and foreign Tax returns, declarations, statements, reports, schedules, forms, and
information returns and any amended Tax return relating to Taxes.

 

SECTION 3.06.         
Benefit Plans. Except as set forth in the Company Disclosure Schedule, the Company does not have or maintain any collective
bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation, share ownership, share
purchase, share option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical, or
other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former employee,
officer or director of the Company. As of the date of this Agreement, except as set forth in the Company Disclosure Schedule, there
are no employment, consulting, indemnification, severance, or termination agreements or arrangements between the Company and any
current or former employee, officer, or director of the Company, nor does the Company have any general severance plan or policy.

 

SECTION 3.07.         
Litigation. There is no action, suit, inquiry, notice of violation, proceeding (including any partial proceeding such as
a deposition), or investigation pending or threatened in writing against or affecting the Company, or any of its properties before
or by any court, arbitrator, governmental or administrative agency, regulatory authority (federal, state, county, local, or foreign),
stock market, stock exchange, or trading facility (“Action”) except for Actions that, individually and in the aggregate,
have not had and would not reasonably be expected to have a Company Material Adverse Effect. Neither the Company nor, to the Company’s
knowledge, any director or officer thereof (in his or her capacity as such), is or has been the subject of any Action involving
a claim or violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty.

 

    	7

    	 

    

 

SECTION 3.08.         
Compliance with Applicable Laws. To the best of its knowledge, the Company is in compliance with all applicable Laws, including
those relating to occupational health and safety and the environment, except for instances of noncompliance that, individually
and in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect. This Section
3.08 does not relate to matters with respect to Taxes, which are the subject of Section 3.05.

 

SECTION 3.09.         
Brokers; Schedule of Fees and Expenses. No broker, investment banker, financial advisor, or other person is entitled to
any broker, finder, or other similar fee or commission in connection with the Transactions based upon arrangements made by or on
behalf of the Company.

 

SECTION 3.10.         
Contracts. Except as disclosed in the Company Disclosure Schedule, there are no Contracts that are material to the business,
properties, assets, condition (financial or otherwise), results of operations or prospects of the Company and its Merger Subsidiaries
taken as a whole. The Company is not in violation of or in default under (nor does there exist any condition which upon the passage
of time or the giving of notice would cause such a violation of or default under) any Contract to which it is a party or by which
it or any of its properties or assets is bound, except for violations or defaults that would not, individually or in the aggregate,
reasonably be expected to result in a Company Material Adverse Effect. The Company’s execution of this Agreement and the
consummation of the Transactions contemplated herein would not violate any Contract to which the Company or any of its Merger Subsidiaries
is a party nor will the execution of this Agreement or the consummation of the Transactions consummated hereby violate or trigger
any “change in control” provision or covenant in any Contract to which the Company is a party except for violations
or defaults that would not, individually or in the aggregate, reasonably be expected to result in a Company Material Adverse Effect.

 

SECTION 3.11.         
Title to Properties. Except as set forth in the Company Disclosure Schedule, the Company does not own any real property.
The Company has sufficient title to, or valid leasehold interests in, all of its properties and assets used in the conduct of its
business. All such assets and properties, other than assets and properties in which the Company has leasehold interests, are free
and clear of all liens other than those liens that, in the aggregate, do not and will not materially interfere with the ability
of the Company to conduct business as currently conducted.

 

SECTION 3.12.         
Intellectual Property. The Company owns, or is validly licensed or otherwise has the right to use, all intellectual property
(the “Intellectual Property Rights”) which are material to the conduct of the business of the Company taken as a whole.
The Company Disclosure Schedule sets forth a description of all Intellectual Property Rights which are material to the conduct
of the business of the Company taken as a whole. No claims are pending or, to the knowledge of the Company, threatened that the
Company is infringing or otherwise adversely affecting the rights of any person with regard to any Intellectual Property Right
except for claims that would not, individually or in the aggregate, reasonably be expected to result in a Company Material Adverse
Effect. To the knowledge of the Company, no person is infringing the rights of the Company with respect to any Intellectual Property
Right other than as to which the Company has the full right and power to bring action and to enforce such Intellectual Property
Right, and receive the entirety of the proceeds thereof, by way of judgment, settlement, or otherwise, and no third-party has any
such claims or rights.

 

SECTION 3.13.         
Insurance. Except as set forth on the Company Disclosure Schedule, the Company does not hold any insurance policy.

 

    	8

    	 

    

 

SECTION 3.14.         
Transactions with Affiliates and Employees. Except as set forth in the Company Disclosure Schedule, none of the officers
or directors of the Company and, to the knowledge of the Company, none of the employees of the Company is presently a party to
any transaction with the Company (other than for services as employees, officers, and directors), including any contract, agreement,
or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or
from, or otherwise requiring payments to or from any officer, director, or such employee or, to the knowledge of the Company, any
entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee, or
partner.

 

SECTION 3.15.         
Application of Takeover Protections. The Company has taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement), or other
similar anti-takeover provision under the Company’s Charter Documents or the laws of its state of incorporation that is or
could become applicable to the Shareholders as a result of the Shareholders and the Company fulfilling their obligations or exercising
their rights under this Agreement, including, without limitation, the issuance of the Parent Stock and the Shareholders’
ownership of the Parent Stock.

 

SECTION 3.16.         
Labor Matters. There are no collective bargaining or other labor union agreements to which the Company is a party or by
which it is bound. No material labor dispute exists or, to the knowledge of the Company, is imminent with respect to any of the
employees of the Company.

 

SECTION 3.17.         
ERISA Compliance; Excess Parachute Payments. The Company does not, and since its inception never has, maintained, or contributed
to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare benefit plans”
(as defined in Section 3(1) of ERISA) or any other Company Benefit Plan for the benefit of any current or former employees, consultants,
officers or directors of Company.

 

SECTION 3.18.         
No Additional Agreements. The Company does not have any agreement or understanding with the Shareholders with respect to
the Transactions other than as specified in this Agreement.

 

SECTION 3.19.         
Investment Company. The Company is not, and is not an affiliate of, and immediately following the Closing will not have
become, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

SECTION 3.20.         Absence
of Certain Changes or Events. Except in connection with the Transactions and as disclosed in the Company Disclosure Schedule,
since January 1, 2013 the Company has conducted its business only in the ordinary course, and during such period there has not
been:

 

(a)          any
change in the assets, liabilities, financial condition, or operating results of the Company, except changes in the ordinary course
of business that have not caused, in the aggregate, a Company Material Adverse Effect;

 

(b)          any
damage, destruction or loss, whether or not covered by insurance, that would have a Company Material Adverse Effect;

 

(c)          any
waiver or compromise by the Company of a valuable right or of a material debt owed to it;

 

    	9

    	 

    

 

(d)          any
satisfaction or discharge of any lien, claim, or encumbrance or payment of any obligation by the Company, except in the ordinary
course of business and the satisfaction or discharge of which would not have a Company Material Adverse Effect;

 

(e)          any
material change to a material Contract by which the Company or any of its assets is bound or subject;

 

(f)          any
mortgage, pledge, transfer of a security interest in, or lien, created by the Company, with respect to any of its material properties
or assets, except liens for taxes not yet due or payable and liens that arise in the ordinary course of business and do not materially
impair the Company’s ownership or use of such property or assets;

 

(g)          any
loans or guarantees made by the Company to or for the benefit of its employees, officers, or directors, or any shareholders of
their immediate families, other than travel advances and other advances made in the ordinary course of its business;

 

(h)          any
alteration of the Company’s method of accounting or the identity of its auditors;

 

(i)          any
declaration or payment of dividend or distribution of cash or other property to the Shareholders or any purchase, redemption, or
agreements to purchase or redeem any Company Shares, except for dividends or distributions made in the ordinary course of business;

 

(j)          any
issuance of equity securities to any officer, director, or affiliate; or

 

(k)          any
arrangement or commitment by the Company to do any of the things described in this Section.

 

SECTION 3.21.         
Foreign Corrupt Practices. Neither the Company, nor, to the Company’s knowledge, any director, officer, agent, employee,
or other person acting on behalf of the Company has, in the course of its actions for, or on behalf of, the Company (i) used any
corporate funds for any unlawful contribution, gift, entertainment, or other unlawful expenses relating to political activity;
(ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds;
(iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv) made
any unlawful bribe, rebate, payoff, influence payment, kickback, or other unlawful payment to any foreign or domestic government
official or employee.

 

SECTION
3.22.          Licenses and Permits. The Company has obtained and maintains
all federal, state, local, and foreign licenses, permits, consents, approvals, registrations, authorizations, and qualifications
required to be maintained in connection with the operations of the Company as presently conducted and as proposed to be conducted
except where the failure to hold such licenses, permits, consents or qualifications would not, individually or in the aggregate,
reasonably be expected to result in a Company Material Adverse Effect. The Company is not in default under any material licenses,
permits, consents, approvals, registrations, authorizations, and qualifications.

 

    	10

    	 

    

 

SECTION 3.23.         
Environmental Laws. The Company (i) is in compliance in all material respects with any and all Environmental Laws (as hereinafter
defined), (ii) has received all permits, licenses, or other approvals required of them under applicable Environmental Laws
to conduct their respective businesses, and (iii) is in compliance in all material respects with all terms and conditions of any
such permit, license or approval where, in each of the foregoing clauses (i), (ii), and (iii), the failure to so comply would be
reasonably expected to have, individually or in the aggregate, a Company Material Adverse Effect. The term “Environmental
Laws” means all federal, state, local, or foreign laws relating to pollution or protection of human health or the environment
(including, without limitation, ambient air, surface water, groundwater, land surface, or subsurface strata), including, without
limitation, laws relating to emissions, discharges, release, or threatened releases of chemicals, pollutants, contaminants, or
toxic or hazardous substances or wastes (collectively, “Hazardous Materials”) into the environment, or otherwise relating
to the manufacture, processing, distribution, use, treatment, storage, disposal, transport, or handling of Hazardous Materials,
as well as all authorizations, codes, decrees, demands, or demand letters, injunctions, judgments, licenses, notices, or notice
letters, orders, permits, plans, or regulations issued, entered, promulgated, or approved thereunder.

 

SECTION 3.24.         
Indebtedness. Except as disclosed in the Company Disclosure Schedule, the Company (i) has no outstanding Indebtedness (as
defined below), (ii) is not in violation of any term of or is in default under any contract, agreement, or instrument relating
to any Indebtedness, except where such violations and defaults would not result, individually or in the aggregate, in a Company
Material Adverse Effect, and (iii) is not a party to any contract, agreement or instrument relating to any Indebtedness, the performance
of which, in the judgment of the Company's officers, has or is expected to have a Company Material Adverse Effect. For purposes
of this Agreement: (x) “Indebtedness” of any Person means, without duplication (A) all indebtedness for borrowed
money, (B) all obligations issued, undertaken, or assumed as the deferred purchase price of property or services (other than trade
payables entered into in the ordinary course of business), (C) all reimbursement or payment obligations with respect to letters
of credit, surety bonds, and other similar instruments, (D) all obligations evidenced by notes, bonds, debentures, or similar instruments,
including obligations so evidenced incurred in connection with the acquisition of property, assets, or businesses, (E) all indebtedness
created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with
respect to any property or assets acquired with the proceeds of such indebtedness (even though the rights and remedies of the seller
or bank under such agreement in the event of default are limited to repossession or sale of such property), (F) all monetary obligations
under any leasing or similar arrangement which, in connection with generally accepted accounting principles, consistently applied
for the periods covered thereby, is classified as a capital lease, (G) all indebtedness referred to in clauses (A) through
(F) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured
by) any mortgage, lien, pledge, charge, security interest, or other encumbrance upon or in any property or assets (including accounts
and contract rights) owned by any Person, even though the Person which owns such assets or property has not assumed or become liable
for the payment of such indebtedness, and (H) all Contingent Obligations in respect of indebtedness or obligations of others of
the kinds referred to in clauses (A) through (G) above; (y) “Contingent Obligation” means, as to any Person, any direct
or indirect liability, contingent or otherwise, of that Person with respect to any indebtedness, lease, dividend, or other obligation
of another Person if the primary purpose or intent of the Person incurring such liability, or the primary effect thereof, is to
provide assurance to the obligee of such liability that such liability will be paid or discharged, or that any agreements relating
thereto will be complied with, or that the holders of such liability will be protected (in whole or in part) against loss with
respect thereto; and (z) “Person” means an individual, a limited liability company, a partnership, a joint venture,
a corporation, a trust, an unincorporated organization, a government or any department or agency thereof and any other legal entity.

 

ARTICLE
IV

 

Representations and Warranties of the Parent

 

The Parent and Merger
Sub represent and warrant as follows to the Shareholders and the Company that:

 

    	11

    	 

    

 

SECTION 4.01.         
Organization, Standing and Power. Each of the Parent and Merger Sub is duly organized, validly existing, and in good standing
under the laws of the respective states of incorporation and has full corporate power and authority and possesses all governmental
franchises, licenses, permits, authorizations, and approvals necessary to enable it to own, lease, or otherwise hold its properties
and assets and to conduct its businesses as presently conducted, other than such franchises, licenses, permits, authorizations,
and approvals the lack of which, individually or in the aggregate, has not had and would not reasonably be expected to have a material
adverse effect on the Parent or its subsidiaries, a material adverse effect on the ability of the Parent or Merger Sub to perform
its obligations under this Agreement, or on the ability of the Parent or Merger Sub to consummate the Transactions (a “Parent
Material Adverse Effect”). The Parent is duly qualified to do business in each jurisdiction where the nature of its business
or their ownership or leasing of its properties make such qualification necessary and where the failure to so qualify would reasonably
be expected to have a Parent Material Adverse Effect. The Parent has delivered to the Company true and complete copies of the Articles
of Incorporation of the Parent, as amended to the date of this Agreement (as so amended, the “Parent Charter”), and
the Bylaws of the Parent, as amended to the date of this Agreement (as so amended, the “Parent Bylaws”, and together
with the Parent Charter, the “Parent Charter Documents”). Merger Sub has delivered to the Company true and complete
copies of the Articles of Incorporation of the Merger Sub, as amended to the date of this Agreement (as so amended, the “Merger
Sub Charter”).

 

SECTION 4.02.         
Merger Subsidiaries; Equity Interests. Except for Merger Sub and as otherwise set forth in the Parent SEC Documents (as
defined in Section 4.06), the Parent does not own, directly or indirectly, any capital stock, shareholder interest, partnership
interest, joint venture interest, or other equity interest in any person.

 

SECTION 4.03.         
Capital Structure. The authorized capital stock of the Parent consists of 300 million shares of common stock, par value
$0.001 per share, and 50 million shares of preferred stock, par value $0.001 per share, of which (i) 77,347,106 shares of
common stock are issued and outstanding (ii) no shares of preferred stock are issued and outstanding, and (iii) no shares of Parent
Stock or preferred stock are held by the Parent in its treasury. No other shares of capital stock or other voting securities of
the Parent are issued, reserved for issuance, or outstanding. All outstanding shares of the capital stock of the Parent are, and
all such shares that may be issued prior to the date hereof will be when issued, duly authorized, validly issued, fully paid, and
non-assessable and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive
right, subscription right, or any similar right under any provision of the Nevada Revised Statutes, the Parent Charter, the Parent
Bylaws or any Contract to which the Parent is a party or otherwise bound. There are no bonds, debentures, notes, or other indebtedness
of the Parent having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters
on which holders of Parent Stock may vote (“Voting Parent Debt”). Except as set forth in the Parent SEC Documents,
as of the date of this Agreement, there are no options, warrants, rights, convertible or exchangeable securities, “phantom”
stock rights, stock appreciation rights, stock-based performance units, commitments, Contracts, arrangements, or undertakings of
any kind to which the Parent is a party or by which it is bound (i) obligating the Parent to issue, deliver or sell, or cause to
be issued, delivered, or sold, additional shares of capital stock or other equity interests in, or any security convertible or
exercisable for or exchangeable into any capital stock of or other equity interest in, the Parent or any Voting Parent Debt, (ii)
obligating the Parent to issue, grant, extend, or enter into any such option, warrant, call, right, security, commitment, Contract,
arrangement, or undertaking, or (iii) that give any person the right to receive any economic benefit or right similar to or derived
from the economic benefits and rights occurring to holders of the capital stock of the Parent. Except as set forth in the Parent
SEC Documents, the Parent is not a party to any agreement granting any security holder of the Parent the right to cause the Parent
to register shares of the capital stock or other securities of the Parent held by such security holder under the Securities Act.

 

    	12

    	 

    

 

SECTION 4.04.         
Authority; Execution and Delivery; Enforceability. The execution, delivery and performance by the Parent and Merger Sub
of the Transaction Documents and the consummation by the Parent and Merger Sub of the Transactions have been duly authorized and
approved by the Board of Directors of the Parent (on behalf of Parent and Merger Sub) and no other corporate proceedings on the
part of the Parent or Merger Sub are necessary to authorize this Agreement and the Transactions. Each Transaction Document executed
by the Parent or Merger Sub constitutes a legal, valid, and binding obligation of the Parent and Merger Sub (as applicable), enforceable
against the Parent and Merger Sub in accordance with the terms thereof.

 

SECTION 4.05.         
No Conflicts; Consents.

 

(a)          The
execution, delivery and performance by the Parent and Merger Sub of this Agreement, does not, and the consummation of Transactions
and compliance with the terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without
notice or lapse of time, or both) under, or give rise to a right of termination, cancellation, or acceleration of any obligation
or to loss of a material benefit under, or to increased, additional, accelerated, or guaranteed rights or entitlements of any person
under, or result in the creation of any lien upon any of the properties or assets of the Parent or Merger Sub under, any provision
of (i) the Parent Charter Documents, (ii) Merger Sub Charter; (iii) any material Contract to which the Parent is a party or by
which any of its properties or assets is bound, or (iv) subject to the filings and other matters referred to in Section 4.05(b),
any material Judgment or material Law applicable to the Parent or Merger Sub or its properties or assets, other than, in the case
of clauses (ii) and (iv) above, any such items that, individually or in the aggregate, have not had and would not reasonably be
expected to have a Parent Material Adverse Effect.

 

(b)          No
Consent of, or registration, declaration, or filing with, or permit from, any Governmental Entity is required to be obtained or
made by or with respect to the Parent or Merger Sub in connection with the execution, delivery and performance of this Agreement
or the consummation of the Transactions, other than (A) the filing with the SEC of reports under Sections 13 and 16 of the Exchange
Act, (B) filings under state “blue sky” laws, as each may be required in connection with this Agreement and the Transactions,
and (C) the filing of the Articles of Merger with the Oregon Secretary of State.

 

SECTION 4.06.         
SEC Documents; Undisclosed Liabilities.

 

(a)          The
Parent has filed all documents required to be filed by the Parent with the SEC pursuant to Sections 13 and 15 of the Exchange Act,
as applicable (the “SEC Documents”, and all such documents filed with the SEC in the past two (2) years up to and until
the date hereof, the “Parent SEC Documents”).

 

(b)          As
of its respective filing date, each SEC Document complied in all material respects with the requirements of the Exchange Act and
the rules and regulations of the SEC promulgated thereunder applicable to such SEC Document, and did not contain any untrue statement
of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading. Except to the extent that information contained
in any SEC Document has been revised or superseded by a later filed SEC Document, none of the SEC Documents contains any untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading. The financial statements of the Parent
included in the SEC Documents comply as to form in all material respects with applicable accounting requirements and the published
rules and regulations of the SEC with respect thereto, have been prepared in accordance with the U.S. generally accepted accounting
principles (“GAAP”) (except, in the case of unaudited statements, as permitted by the rules and regulations of the
SEC) applied on a consistent basis during the periods involved and fairly present the financial position of Parent as of the dates
thereof and the results of its operations and cash flows for the periods shown (subject, in the case of unaudited statements, to
normal year-end audit adjustments).

 

    	13

    	 

    

 

(c)          Except
as set forth in the Parent SEC Documents, the Parent has no liabilities or obligations of any nature (whether accrued, absolute,
contingent, or otherwise) required by GAAP to be set forth on a balance sheet of the Parent or in the notes thereto. The Parent
SEC Documents set forth all financial and contractual obligations and liabilities (including any obligations to issue capital stock
or other securities of the Parent) due after the date hereof.

 

SECTION 4.07.         
No Finder’s Fee. Parent has not created any obligation (on behalf of itself or Merger Sub) for any finder’s,
investment banker’s or broker’s fee in connection with the Transactions.

 

SECTION 4.08.         
Absence of Certain Changes or Events. Except as disclosed in the Parent SEC Documents, from the date of the most recent
audited financial statements included in the Parent SEC Documents to the date of this Agreement, the Parent has conducted its business
only in the ordinary course, and during such period there has not been:

 

(a)          any
change in the assets, liabilities, financial condition, or operating results of the Parent from that reflected in the Parent SEC
Documents, except changes in the ordinary course of business that have not caused, in the aggregate, a Parent Material Adverse
Effect;

 

(b)          any
damage, destruction, or loss, whether or not covered by insurance, that would have a Parent Material Adverse Effect;

 

(c)          any
waiver or compromise by the Parent of a valuable right or of a material debt owed to it;

 

(d)          any
satisfaction or discharge of any lien, claim, or encumbrance or payment of any obligation by the Parent, except in the ordinary
course of business and the satisfaction or discharge of which would not have a Parent Material Adverse Effect;

 

(e)          any
material change to a material Contract by which the Parent or any of its assets is bound or subject;

 

(f)          any
material change in any compensation arrangement or agreement with any employee, officer, director, or stockholder;

 

(g)          any
resignation or termination of employment of any officer of the Parent;

 

(h)          any
mortgage, pledge, transfer of a security interest in, or lien, created by the Parent, with respect to any of its material properties
or assets, except liens (i) for taxes not yet due or payable, (ii) that arise in the ordinary course of business and (iii) that
do not materially impair the Parent’s ownership or use of such property or assets or would not cause or be reasonably expected
to cause a Parent Material Adverse Effect;

 

(i)          any
loans or guarantees made by the Parent to or for the benefit of its employees, officers, or directors, or any shareholders of their
immediate families, other than travel advances and other advances made in the ordinary course of its business;

 

    	14

    	 

    

 

(j)          any
declaration, setting aside or payment or other distribution in respect of any of the Parent’s capital stock, or any direct
or indirect redemption, purchase, or other acquisition of any of such stock by the Parent;

 

(k)         any
alteration of the Parent’s method of accounting or the identity of its auditors;

 

(l)          any
issuance of equity securities to any officer, director, or affiliate; or

 

(m)        any
arrangement or commitment by the Parent to do any of the things described in this Section 4.08.

 

SECTION 4.09.         
Taxes.

 

(a)          The
Parent has timely filed, or has caused to be timely filed on its behalf, all Tax Returns required to be filed by it, and all such
Tax Returns are true, complete and accurate, except to the extent any failure to file, any delinquency in filing or any inaccuracies
in any filed Tax Returns, individually or in the aggregate, have not had and would not reasonably be expected to have a Parent
Material Adverse Effect. All Taxes shown to be due on such Tax Returns, or otherwise owed, have been timely paid, except to the
extent that any failure to pay, individually or in the aggregate, has not had and would not reasonably be expected to have a Parent
Material Adverse Effect.

 

(b)          The
most recent financial statements contained in the Parent SEC Documents reflect an adequate reserve for all Taxes payable by the
Parent (in addition to any reserve for deferred Taxes to reflect timing differences between book and Tax items) for all Taxable
periods and portions thereof through the date of such financial statements. No deficiency with respect to any Taxes has been proposed,
asserted or assessed against the Parent, and no requests for waivers of the time to assess any such Taxes are pending, except to
the extent any such deficiency or request for waiver, individually or in the aggregate, has not had and would not reasonably be
expected to have a Parent Material Adverse Effect.

 

(c)          There
are no liens for Taxes (other than for current Taxes not yet due and payable) on the assets of the Parent. The Parent is not bound
by any agreement with respect to Taxes.

 

SECTION 4.10.         
ERISA Compliance; Excess Parachute Payments. The Parent does not, and since its inception never has, maintained, or contributed
to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare benefit plans”
(as defined in Section 3(1) of ERISA) or any other Parent benefit plan for the benefit of any current or former employees, consultants,
officers or directors of Parent.

 

SECTION 4.11.         
Litigation. Except as disclosed in the Parent SEC Documents, there is no Action which (i) adversely affects or challenges
the legality, validity or enforceability of any of the Transaction Documents or the Parent Stock, or (ii) could, if there were
an unfavorable decision, individually or in the aggregate, have or reasonably be expected to result in a Parent Material Adverse
Effect and neither the Parent nor any director or officer thereof (in his or her capacity as such), is or has been the subject
of any Action involving a claim or violation of or liability under federal or state securities laws or a claim of breach of fiduciary
duty.

 

    	15

    	 

    

 

SECTION 4.12.         
Compliance with Applicable Laws. Except as disclosed in the Parent SEC Documents, the Parent is in compliance with all applicable
Laws, including those relating to occupational health and safety, the environment, export controls, trade sanctions, and embargoes,
except for instances of noncompliance that, individually and in the aggregate, have not had and would not reasonably be expected
to have a Parent Material Adverse Effect. Except as set forth in the Parent SEC Documents, the Parent has not received any written
communication during the past two (2) years from a Governmental Entity that alleges that the Parent is not in compliance with any
applicable Law. The Parent is in compliance with all effective requirements of the Sarbanes-Oxley Act of 2002, as amended, and
the rules and regulations thereunder, that are applicable to it, except where such noncompliance could not have or reasonably be
expected to result in a Parent Material Adverse Effect.

 

SECTION 4.13.         
Contracts. Except as disclosed in the Parent SEC Documents, there are no Contracts that are material to the business, properties,
assets, condition (financial or otherwise), results of operations, or prospects of the Parent taken as a whole. The Parent is not
in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving of notice
would cause such a violation of or default under) any Contract to which it is a party or by which it or any of its properties or
assets is bound, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected to
result in a Parent Material Adverse Effect.

 

SECTION 4.14.         
Title to Properties. The Parent has good title to, or valid leasehold interests in, all of its properties and assets used
in the conduct of its businesses. All such assets and properties, other than assets and properties in which the Parent has leasehold
interests, are free and clear of all liens and except for liens that, in the aggregate, do not and will not result in a Parent
Material Adverse Effect. The Parent has complied in all material respects with the terms of all material leases to which it is
a party and under which it is in occupancy, and all such leases are in full force and effect.

 

SECTION 4.15.         
Intellectual Property. The Parent owns, or is validly licensed or otherwise has the right to use, all Intellectual Property
Rights which are material to the conduct of the business of the Parent taken as a whole.

 

SECTION 4.16.         
Labor Matters. There are no collective bargaining or other labor union agreements to which the Parent is a party or by which
it is bound. No labor dispute exists or, to the knowledge of the Parent, is imminent with respect to any of the employees of the
Parent which would reasonably be expected to result in a Parent Material Adverse Effect.

 

SECTION 4.17.        
Transactions With Affiliates and Employees. Except as set forth in the Parent SEC Documents, none of the officers or directors
of the Parent and, to the knowledge of the Parent, none of the employees of the Parent is presently a party to any transaction
with the Parent or any subsidiary (other than for services as employees, officers, and directors), including any contract, agreement,
or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or
from, or otherwise requiring payments to or from any officer, director, or such employee or, to the knowledge of the Parent, any
entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee, or
partner.

 

SECTION 4.18.         
Application of Takeover Protections. The Parent has taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement), or other
similar anti-takeover provision under the Parent’s Charter Documents or the laws of its state of incorporation that is or
could become applicable to the Shareholders as a result of the Shareholders and the Parent fulfilling their obligations or exercising
their rights under this Agreement, including, without limitation, the issuance of the Parent Stock and the Shareholders’
ownership of the Parent Stock.

 

SECTION 4.19.         
No Additional Agreements. The Parent does not have any agreement or understanding with the Shareholders with respect to
the Transactions other than as specified in this Agreement.

 

    	16

    	 

    

 

SECTION 4.20.         
Investment Company. The Parent is not, and is not an affiliate of, and immediately following the Closing will not have become,
an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

SECTION 4.21.         
Discharge of Implied Warranties. Parent has performed extensive due diligence and investigations with respect to the Company
with the intention of forming its own conclusions regarding the condition (financial and otherwise), value, property, liabilities,
contacts, contingencies, prospects, risks, and other incidents of the Company’s business in response to the parties’
express intention and agreement that as of the Closing the sale hereunder shall be without representation or warranty of any kind
(express or implied) regarding Company, except as set forth in Article III hereof.

 

SECTION 4.22.         
Solvency. Immediately after the consummation of the Transactions, (a) the aggregate fair value of the assets of  Parent
will exceed their aggregate Indebtedness and other liabilities, subordinated, contingent or otherwise (as determined on a consolidated
basis), (b) the aggregate present fair saleable value of the property of  Parent will be greater than the aggregate amount
that will be required to pay their probable obligations of Indebtedness and other liabilities, subordinated, contingent or otherwise,
as such Indebtedness and other liabilities become absolute and matured (as determined on a consolidated basis), and (c)  Parent
will be able to pay their respective Indebtedness and other liabilities, subordinated, contingent or otherwise, as such Indebtedness
and other liabilities become absolute and matured.

 

SECTION 4.23.         
 Interim Operation of Merger Sub. Merger Sub was formed solely for the purpose of engaging in the Transactions contemplated
hereunder. Merger Sub has engaged in no other business activities and Merger Sub has conducted its operations only as contemplated
hereby.

 

ARTICLE
V

 

Conditions Precedent

 

SECTION 5.01.         
Conditions to each Party’s Obligations to Effect the Merger. The respective obligations of each party to consummate
the Merger are subject to the satisfaction, or to the extent permitted by applicable law, the written waiver at or prior to the
Effective Time of each of the following conditions:

 

(a)          This
Agreement and the Transactions shall have received approval from the shareholders of the Company.

 

(b)          Other
than the filing of the Articles of Merger with the Secretary of State of Oregon, all Consents, third party consents, and notices
that are legally required to be obtained or provided for the consummation of the Merger and the Transactions, shall have been satisfied,
filed, occurred, or been obtained, other than such Consents and third party consents (i) as Parent and Company agree Company
shall not seek or obtain, or (ii) the failure of which to obtain would not result, or reasonably be expected to result, individually
or in the aggregate, in a Company Material Adverse Effect or as a result of the Transactions, a Parent Material Adverse Effect.

 

(c)          No
Governmental Entity of competent jurisdiction shall have enacted, issued, promulgated, enforced, or entered any statute, rule,
regulation, executive order, decree, injunction, or other order (whether temporary, preliminary, or permanent) that (i) is
in effect, and (ii) has the effect of making the Merger illegal or otherwise prohibiting consummation of the Merger.

 

    	17

    	 

    

 

(d)          There
shall not be pending any action, proceeding, or other application brought by any Governmental Entity: (i) challenging or seeking
to restrain or prohibit the consummation of the Transactions, or seeking to obtain any material damages in connection therewith;
or (ii) seeking to prohibit or impose any material limitations on Parent’s or the Surviving Corporation’s ownership
or operation of all or any portion of Company’s business or to compel Parent or Surviving Corporation to dispose of or hold
separate all or any material portion of the assets of Company as a result of the Transactions.

 

SECTION 5.02.         Conditions
of Obligations of Parent and Merger Sub. The obligations of Parent and Merger Sub to consummate the Merger are further subject
to the satisfaction or waiver at or prior to the Effective Time of each of the following conditions:

 

(a)          The
representations and warranties of Company and the Shareholders in this Agreement shall be true and correct in all respects on the
date hereof and as of the Closing Date with the same force and effect as if made on the Closing Date (except that those representations
and warranties which address matters only as of a particular date shall have been true and correct only on such date).

 

(b)          The
Company shall have performed in all material respects all agreements and covenants required to be performed by it under this Agreement
prior to the Closing Date.

 

(c)          The
Shareholders shall have delivered Certificates (or affidavits of lost stock certificates) together with a duly executed Letters
of Transmittal;

 

(d)          Qayed
Shareef, the Chief Executive Officer of the Company, shall have executed and delivered a Leak-Out and Lockup Agreement, substantially
in the form attached hereto as Exhibit D (the “Lockup Agreement”), which Lockup Agreement may only be released
by the Board of Directors of Parent.

 

(e)          Qayed
Shareef shall have executed and delivered to Parent that certain Employment Agreement attached hereto as Exhibit E (the
“Employment Agreement”) and that certain Indemnification Agreement attached hereto as Exhibit F (the “Indemnification
Agreement”).

 

(f)          The
Shareholders shall have executed and delivered to Parent that certain Put Agreement attached hereto as Exhibit G (the “Put
Agreement”).

 

(g)          The
Company shall have delivered to the Parent evidence of the resignation of Michael Poutre as the Parent’s Chief Executive
Officer and as a Director of the Parentand Kasian Franks as Chairman of the Parent’s Board of Directors and as Chief Visionary
Officer, effective as of the Effective Time.

 

(h)          The
Company shall have delivered a secretary’s certificate of the Company certifying as to the Company Charter Documents and
the resolutions of the shareholders of the Company approving the Merger.

 

SECTION 5.03.         
Conditions to Obligations of Company. The obligation of Company to consummate the Merger is subject to the satisfaction,
or to the extent permitted by applicable law, the written waiver at or prior to the Effective Time of each of the following conditions:

 

    	18

    	 

    

 

(a)          The
representations and warranties of Parent and Merger Sub in this Agreement shall be true and correct in all respects on the date
hereof and as of the Closing Date with the same force and effect as if made on the Closing Date (except that those representations
and warranties which address matters only as of a particular date shall have been true and correct only on such date).

 

(b)          Parent
and Merger Sub shall have performed in all material respects all agreements and covenants required to be performed by them under
this Agreement prior to the Closing Date.

 

(c)          The
Parent shall have delivered to the Company, evidence of (1) the election of Qayed Shareef as Chief Executive Officer and Director
of the Parent and approval of the Employment Agreement and Indemnification Agreement relating thereto (2) (2) the resignation of
Michael Poutre as the Parent’s Chief Executive Officer and as a Director of the Parent; and (3) the resignation of Kasian
Franks as Chairman of the Parent’s Board of Directors, in each case, effective as of the Effective Time.

 

(d)          The
Parent shall have delivered to the Shareholders, certificates representing the new shares of Parent Stock to be issued to the Shareholders
in respect of the Merger Consideration.

 

(e)          The
Parent shall have executed and delivered the Lockup Agreement, the Employment Agreement, the Indemnification Agreement and the
Put Agreement.

 

(f)          The
Parent shall have delivered a copy of the resolutions of the Board of Directors of Parent and Merger Sub approving the Transactions,
including, without limitation, the Merger.

 

ARTICLE
VI

 

Covenants

 

SECTION 6.01.         
Audit of Company Financial Statements. The Company shall deliver to Parent audited financial statements for the Company’s
most recently completed last two (2) fiscal years (or portion thereof, as applicable) and unaudited financial statements for any
subsequent interim quarterly period no later than 71 days from the Closing Date.

 

SECTION 6.02.         
Public Announcements. The Parent and the Company will consult with each other before issuing, and provide each other the
opportunity to review and comment upon, any press releases or other public statements with respect to the Agreement and the Transactions
and shall not issue any such press release or make any such public statement prior to such consultation, except as may be required
by applicable Law, court process or by obligations pursuant to any listing agreement with any national securities exchanges.

 

SECTION 6.03.         
Fees and Expenses. All fees and expenses incurred by the Company and the Parent in connection with this Agreement and the
Transactions contemplated hereunder shall be paid by the Parent, whether or not the Merger is consummated.

 

SECTION 6.04.         
Financings. Parent shall use its best efforts to complete an equity financing or series of equity financings to raise approximately
$2,000,000 no later than 120 days from the Closing Date.

 

    	19

    	 

    

 

SECTION 6.05.         Offers
and Directors. The Parent shall cause the Surviving Corporation to maintain Company’s existing indemnification provisions
(including with respect to advancement of expenses) as of the date hereof with respect to present and former directors, officers,
employees, and agents of Company and all other persons who may presently serve or have served at Company’s request as a director,
officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise (collectively, the “Indemnified
Parties”) for all expenses, judgments, fines, and amounts paid in settlement by reason of actions or omissions or alleged
actions or omissions occurring at or prior to the Effective Time to the fullest extent permitted or required under applicable law
and Company’s articles of incorporation and bylaws in effect as of the date of this Agreement (to the extent consistent with
applicable law), for a period of five years after the Effective Time, as well as any rights to indemnification and advancement
of expenses provided in employment agreements or indemnification agreements between Company and any Indemnified Parties, and shall
cause the Surviving Corporation to perform (and guarantees that the Surviving Corporation shall perform) its obligations under
such indemnification provisions and agreements in accordance with their respective terms. The provisions of this Section 6.05
are for the benefit of, and shall be enforceable by, each of the Indemnified Parties, their heirs, and their representatives.

 

SECTION 6.06.         Legal
Conditions to the Merger. Each of Parent, Merger Sub, and Company will take all reasonable actions necessary to comply promptly
with all legal requirements that may be imposed on it with respect to the Merger and will promptly cooperate with and furnish information
to each other in connection with any such requirements imposed upon the other. Each of Parent, Merger Sub, and Company will take,
and will cause its respective subsidiaries to take, all reasonable actions to obtain (and to cooperate with the other parties in
obtaining) any consent, approval, order, or authorization of, or any exemption by, any Governmental Entity, or other third party,
required to be obtained or made by Company or Parent or their respective subsidiaries in connection with the Merger or the taking
of any action contemplated thereby or by this Agreement.

 

ARTICLE
VII

 

Termination

 

SECTION 7.01.         Termination.
Notwithstanding anything in this Agreement to the contrary, this Agreement may be terminated and the Transactions abandoned at
any time prior to the Effective Time:

 

(a)          by
mutual written consent of Parent and Company;

 

(b)          by
either Parent or Company (provided that the terminating party is not then in material breach of any representation, warranty, covenant,
or agreement in this Agreement) if (i) there has been a material breach by the non-terminating party of any representation,
warranty, covenant, or agreement set forth in the Agreement that results in the closing conditions in Article V in the terminating
party’s favor not being capable of being met by the date set forth in Section 7.01(c) below; provided, however, that
if such breach is curable, then this Agreement may not be terminated until the earlier of (i) 15 days after delivery of reasonably
detailed written notice of such untruth or inaccuracy or breach, or (ii) the date on which the non-terminating party ceases
to exercise commercially reasonable efforts to cure such untruth or inaccuracy or breach; or

 

(c)          by
either Parent or Company if the Merger has not been consummated within two business days of the date hereof; provided that no breach
of this Agreement by the terminating party has been a principal cause of or resulted in the failure of the Merger to have been
consummated on or before such date.

 

    	20

    	 

    

 

SECTION 7.02.         Effect
of Termination. In the event of termination of this Agreement by either Company or Parent as provided in Section 7.01,
this Agreement shall be void and have no effect, and there shall be no liability or obligation on the part of Parent, Merger Sub,
the Shareholders or Company, or their respective officers or directors and shareholders under this Agreement, except that (i) the
provisions of Sections 6.03 (Fees and Expenses), 7.02 (Effect of Termination), 8.04 (Remedies), and 8.09 (Governing Law),
shall survive any such termination and abandonment, (ii) no party shall be released or relieved from any liability arising
from the willful breach by such party of any of its representations, warranties, covenants, or agreements as set forth in this
Agreement, and (iii) each party shall return or destroy any due diligence and other materials received from the other party.

 

ARTICLE
VIII

 

Miscellaneous

 

SECTION 8.01.         
Notices. All notices, requests, claims, demands, and other communications under this Agreement shall be in writing and shall
be deemed given upon receipt by the Parties at the following addresses (or at such other address for a Party as shall be specified
by like notice):

 

If to the Parent, to:

 

Mimvi, Inc.

440 Wolfe Road

Sunnyvale, CA 94085

Attn: Chief Executive
Officer

408-940-6468

 

With a copy to:

 

Richardson & Patel
LLP

1100 Glendon Avenue,
Suite 850

Los
Angeles, CA 90024

Attn: Nimish Patel, Esq.

npatel@richardsonpatel.com

310-208-1182

 

If to the Company,
to:

 

Qayed Shareef, CEO

Adaptive Media, Inc.

26050 Acero, Suite 315

Mission Viejo, CA, 92691

 

With a copy to:

 

Manatt, Phelps &
Phillips, LLP

11355 Olympic Blvd.

Los Angeles, CA 90064

Attn: David Grinberg

dgrinberg@manatt.com

310-312-4238

 

If to the Shareholders
to each Shareholder at the address set forth on such Shareholder’s signature page hereto.

 

    	21

    	 

    

 

SECTION 8.02.         
Amendments; Waivers; No Additional Consideration. No provision of this Agreement may be waived or amended except in a written
instrument signed by the Company, Parent, and the Shareholders. No waiver of any default with respect to any provision, condition,
or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default
or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise any
right hereunder in any manner impair the exercise of any such right.

 

SECTION 8.03.         
Replacement of Securities. If any certificate or instrument evidencing any Parent Stock is mutilated, lost, stolen, or destroyed,
the Parent shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and
substitution therefore, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Parent
of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new certificate or
instrument under such circumstances shall also pay any reasonable third-party costs associated with the issuance of such replacement
certificate or instrument. If a replacement certificate or instrument evidencing any Parent Stock is requested due to a mutilation
thereof, the Parent may require delivery of such mutilated certificate or instrument as a condition precedent to any issuance of
a replacement.

 

SECTION 8.04.         
Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of
damages, the Shareholders, Parent, and the Company will be entitled to specific performance under this Agreement. The Parties agree
that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations described in
the foregoing sentence and hereby agrees to waive in any action for specific performance of any such obligation, the defense that
a remedy at law would be adequate. Notwithstanding the foregoing, no Party shall be liable to any other Party for any lost profits
or incidental, consequential, indirect or punitive damages.

 

SECTION 8.05.         Time
Limitations for Claims. The representations, warranties, covenants, and agreements of Company, the Shareholders, Parent and
Merger Sub set forth in this Agreement shall survive Closing and the Effective Time and shall continue until the 18-month anniversary
of the Closing Date, at which time all representations and warranties and the right to assert claims based thereon shall expire.
Notwithstanding the previous sentence, no time limit shall apply (other than the applicable statute of limitations) for claims
arising from (a) intentional fraud or willful misrepresentation; (b) any breaches of representations and warranties in Sections 2.01,
2.02, 2.04, 3.01, 3.02, 3.03, 3.05, 3.05, 3.09, 4.01, 4.03, 4.04, 4.07 and 4.09.

 

SECTION 8.06.         Limitations
on Damages and Recourse Remedies. Except for claims based on intentional fraud or willful misrepresentation, (a) the aggregate
liability of any Shareholder hereunder in respect of breaches of such Shareholder’s representations and warranties shall
not exceed the amount of Merger Consideration received by such Shareholder and (b) claims by Parent or Merger Sub against Qayed
Shareef based on any breaches of the representations and warranties made by him hereunder shall be satisfied solely from the shares
of Parent Stock held by him pursuant to the Lockup Agreement at such time as such claim is finally settled and not through any
other recourse at law or equity.

 

SECTION 8.07.         Interpretation.
When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement unless otherwise
indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement,
they shall be deemed to be followed by the words “without limitation.”

 

    	22

    	 

    

 

SECTION 8.08.         
Severability. If any term or other provision of this Agreement is invalid, illegal, or incapable of being enforced by any
rule or Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and
effect so long as the economic or legal substance of the Transactions contemplated hereby is not affected in any manner materially
adverse to any Party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced,
the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely
as possible in an acceptable manner to the end that Transactions contemplated hereby are fulfilled to the extent possible.

 

SECTION 8.09.         
Counterparts; Facsimile Execution. This Agreement may be executed in one (1) or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the
Parties and delivered to the other Parties. Facsimile execution and facsimile or electronic delivery of this Agreement is legal,
valid, and binding for all purposes.

 

SECTION 8.10.        
Entire Agreement; Third Party Beneficiaries. This Agreement and the Company Disclosure Schedule, together (a) constitute
the entire agreement, and supersede all prior agreements and understandings, both written and oral, among the Parties with respect
to the Transactions, and (b) are not intended to confer upon any person other than the Parties any rights or remedies.

 

SECTION 8.11.         
Governing Law. This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of
California, without reference to principles of conflicts of laws. Any action or proceeding brought for the purpose of enforcement
of any term or provision of this Agreement shall be brought only in the federal or state courts sitting in California and the parties
hereby waive any and all rights to trial by jury.

 

SECTION 8.12.         
Assignment. Neither this Agreement nor any of the rights, interests, or obligations under this Agreement shall be assigned,
in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of the other Parties.
Any purported assignment without such consent shall be void. Subject to the preceding sentences, this Agreement will be binding
upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns.

 

[Signature Page Follows.]

  

    	23

    	 

    

 

IN WITNESS WHEREOF, the
parties hereto have executed and delivered this Securities Exchange Agreement and Plan of Merger as of the date first above written.

 

The Parent:

 

	 	MIMVI, INC.
	 	 	 
	 	By:	/s/  Michael
    Poutre
	 	 	Michael Poutre, Chief Executive Officer 
	 	 	 
	The Merger Sub:	 	 
	 	 	 
	 	ADAPTIVE MEDIA ACQUISITION CO., INC.
	 	 	 
	 	By:	/s/  Michael
    Poutre
	 	 	Michael Poutre, Chief Executive Officer 
	 	 	 
	The Company:	 	 
	 	 	 
	 	ADAPTIVE MEDIA, INC.
	 	 	 
	 	By:	/s/ Qayed
    Shareef
	 	 	Qayed Shareef, Chief Executive Officer

 

AGREED AND ACCEPTED:

 

The Shareholders:

 

	/s/ Qayed
    Shareef	 	/s/ Kim
    Reed Perell
	Name: Qayed Shareef	 	Name: Kim Reed Perell
	Address: 26050 Acero, Suite 315	 	Address:
	Mission Viejo, CA 92691	 	 

 

	/s/ Jeff Morgan	 	 
	Name: Jeff Morgan, Trustee of the Morgan Family Trust dated February 1, 2000	 	 
	Address:	 	 

 

[Signature Page to Agreement and Plan
of Merger]

  

    	 

    	 

    

 

COMPANY DISCLOSURE SCHEDULES

 

This confidential Disclosure Schedule (this “Company Disclosure
Schedule”) is delivered pursuant to that certain Agreement and Plan of Merger (the “Agreement”) dated July 1,
2013, by and among Mimvi, Inc., a Nevada corporation (the “Parent”), Adaptive Media Acquisition Co., Inc., an Oregon
corporation and a wholly-owned subsidiary of Parent (the “Merger Sub”), Adaptive Media, Inc., an Oregon corporation
(the “Company”), Qayed Shareef, Morgan Family Trust, dated February 1, 2000 and Kim Reed Perell (each a “Shareholder”
and collectively, the “Shareholders”).

 

The section numbers in this Disclosure Schedule
correspond to the section numbers in the Agreement. Any information disclosed in one section of this Disclosure Schedule shall
be deemed to be disclosed in and incorporated into any other section to which the applicability of such disclosure is reasonably
apparent from the text or context of such information. All capitalized terms in this Disclosure Schedule shall have the meanings
given them in the Agreement, unless otherwise indicated in this Disclosure Schedule.

 

Each disclosure made in this Disclosure
Schedule should be read together with, and is qualified by, the other pertinent information contained in this Disclosure Schedule
to the extent to which a reasonable person would read such disclosures together with, and would deem such disclosures qualified
by, other pertinent information contained in this Disclosure Schedule. The descriptions of the agreements, plans, policies and
other documents referred to in this Disclosure Schedule (the “Documents”) are intended to be summaries and are qualified
by the actual terms of the Documents themselves.

 

 No reference in this Disclosure
Schedule to any agreement or document shall be construed as an admission or indication to any party other than to Parent and Merger
Sub that such agreement or document is enforceable or currently in effect under such agreement or document. No disclosure in this
Disclosure Schedule relating to any possible breach or violation of any agreement, law, or regulation shall be construed as an
admission or indication that any such breach or violation exists or has actually occurred.

 

Section 3.06 - Benefit
Plans

 

		1.	Health insurance plan insuring the employees of the Company issued by Anthem Blue Cross/Blue Cross of California, including:

 

		A.	Double Platinum Plus 100-80

 

		B.	$35 Co-pay W Genrx

 

		C.	Classic Select $30 HMO

 

		D.	Classic Select $40 HMO

 

		E.	PPO $40 Co-pay

 

		F.	Vision PL

 

		G.	Workers Compensation

 

    	 

    	 

    

 

Section 3.10 –
Contracts

 

		1.	Financing and Security Agreement dated January 16,2013 by and between the Company and Fast Pay Partners, LLC. The Company factors
it's receivables pursuant to this contract. To date, the Company has factored approximately $120,000 and it records those amounts
on its financial statements as payable obligations.

 

		2.	Alicia Executive Suites Full Service Suite Lease for Suite #316. The term of the lease is 6 months beginning January 23, 2013.
This lease is now a month-to-month lease.

 

		3.	Alicia Executive Suites Full Service Suite Lease fore Suite #318. The term of this lease is month-to-month beginning April
1, 2013.

 

		4.	Advertising Agreements:

 

		A.	Advertising.com

 

		i.	PO – 1/30/13-6/30/13

 

		B.	Altitude Digital Partners

 

		i.	IO - New Facets Entertainment (Highwaytofame.tv, highwaytofame.com, newfacets.tv/projectethos.tv) – Executed by Adaptive
on Jan 28, 2013

 

		C.	Adconion Direct

 

		i.	IO - ladolcevitae.com – Cedar Sinai – 2/21/13-6/30/13

 

		ii.	IO - bostonherald.com – 6/20/13-6/30/13

 

		iii.	IO - lasvegassun.com – 6/20/13-6/30/13

 

		iv.	IO - newsday.com – 6/20/13-6/30/13

 

		v.	IO - postgazette.com – 6/20/13-6/30/13

 

		D.	AutoMotoTV

 

		E.	Break Media

 

		i.	PO - Nextpoint.com – 3/26/13 – open

 

		F.	Burst Media

 

		i.	IO - 6/10/13-6/9/14 – automatically renews annually

 

		G.	CPX Interactive

 

		i.	PO - Effective date - 3/29/13

 

		H.	Creafi Media

 

		i.	PO - 11/29/12-11/29/13

 

		I.	DSNR Media Group

 

		J.	Meetme, Inc.

 

		i.	IO - 12/11/12-12/31/13

 

    	 

    	 

    

 

		K.	MetaNetwork ADV

 

		i.	IO – 6/11/13. The start date is 11/6/13 and the end date is TBD.

 

		L.	NeuLion

 

		M.	SpotXchange

 

		i.	PO – 4/24/13-4/23/14

 

		N.	The Video Network Pty LTD

 

		i.	PO – 6/11/13-6/10/15

 

		O.	Undertone (Two Agreements)

 

		i.	IO – 1/8/13-12/31/13

 

		ii.	IO – 1/8/13-12/31/13

 

		P.	Ybrant

 

		5.	Publisher Agreements:

 

		A.	495 Communications

 

		B.	Automotive TV

 

		C.	Cactus Media

 

		D.	Confident Technologies

 

		i.	Exclusive Publish - 3/26/13

 

		E.	Hutch Media

 

		i.	Non-Exclusive Publish – 6/11/13

 

		F.	Immediate LLC

 

		G.	La Dolce Vitae, Inc.

 

		i.	Exclusive Publish - 6/11/13-6/10/14

 

		H.	OverAdMedia

 

		i.	Non-Exclusive Publish - 5/23/13-5/22/14

 

		I.	Rebellion Media

 

		i.	Exclusive Publish - 5/2/13 – 5/1/14

 

		J.	RYOT LLC

 

		i.	Exclusive Publish – 3/5/13-3/4/14.

 

		K.	Sortable

 

		i.	Non-Exclusive Publish – 6/17/13-6/16/14

 

		L.	Technorati Media

 

		M.	TunaMedia Inc. / HollywoodTuna.com

 

		i.	Exclusive Publish – 6/10/13

 

    	 

    	 

    

 

Section 3.13 –
Insurance (Excluding Benefit Plans)

 

		1.	Workers Compensation and Employers Liability Insurance Policy insuring the Company and issued by Employers Compensation Insurance
Co.

 

 

Section 3.24 –
Indebtedness

 

		1.	Approximately $3000.00 of credit card debt.

		2.	Approximately $120,000.00 of factoring obligations.

 

    	 

    	 

    

 

EXHIBIT A

 

SHAREHOLDERS AND COMPANY SHARES

 

	Shareholder	 	Company Shares	 	 	Shares of Parent Stock To Be
 Received as Merger
 Consideration	 
	Qayed Shareef	 	 	8,334	 	 	 	27,918,900	 
	Morgan Family Trust dated February 1, 2000	 	 	833	 	 	 	2,790,550	 
	Kim Reed Perell	 	 	833	 	 	 	2,790,550	 
	Totals	 	 	10,000	 	 	 	33,500,000	 

  

    	 

    	 

    

 

EXHIBIT B

 

ARTICLES OF MERGER

OF

ADAPTIVE MEDIA ACQUISITION CO., INC.

WITH AND INTO

ADAPTIVE MEDIA, INC.

 

July 1, 2013

 

The following Articles
of Merger have been duly adopted and are submitted in accordance with the Oregon Revised Statutes, Chapter 60 (Private Corporations)
(the “Oregon Statutes”), pursuant to Section 60.481 of the Oregon Statutes:

 

		First:	The exact name, form/entity type and jurisdiction of the merger party (“Merging Corporation”) is:

 

	Name	 	Jurisdiction	 	Form/Entity Type
	Adaptive Media Acquisition Co, Inc.	 	Oregon	 	Corporation

 

		Second:	The exact name, form/entity type and jurisdiction of the
surviving party (“Surviving Entity”) is:

 

	Name	 	Jurisdiction	 	Form/Entity Type
	Adaptive Media, Inc.	 	Oregon	 	Corporation

 

		Third:	On the Effective Date (as defined below), Merging Corporation shall be merged with and into Surviving Entity and the separate
existence of Merging Corporation shall cease (the “Merger”). Surviving Entity is the surviving entity of the Merger.
A copy of the Plan of Merger is attached hereto as Exhibit A and made a part hereof by reference as if fully set forth herein.

 

			Each share of Merging Corporation common stock, issued and outstanding immediately prior to the Effective Date, shall be converted
into one validly issued, fully paid, and nonassessable share of Surviving Entity common stock. Each share of Surviving Entity common
stock shall (except as set forth in the Plan of Merger) be converted into the right to receive 3,350 newly issued shares of common
stock of the parent of the Merging Corporation (the “Parent”). On the Effective Date, all shares of Surviving Entity
common stock shall no longer be outstanding and shall be cancelled and cease to exist, and each certificate previously representing
any such shares shall represent only the right to receive the applicable merger consideration.

 

		Fourth:	The Merger shall become effective (“Effective Date”) on the date of filing these Articles of Merger with the Oregon
Secretary of State.

 

    	 

    	 

    

 

		Fifth:	The Surviving Entity’s capital stock consists of 10,000 shares of common stock (one vote per share) which is held by
three shareholders. In accordance with §60.487 of the Oregon Statutes, shareholder approval for
the Merger is required and the Plan of Merger was approved on July 1, 2003 unanimously by the shareholders holding 100% of the
outstanding common stock of the Surviving Entity. 

 

		Sixth:	The Merging Corporation’s capital stock consists of 10,000 shares of common stock (one
vote per share) which is held by its sole shareholder. In accordance with §60.487 of the Oregon
Statues, shareholder approval for the Merger is required and the Plan of Merger was approved on July 1, 2003 by the sole shareholder
of the Merging Corporation.

 

		Seventh:	The Surviving Entity’s principle address in its home state is c/o Steven H. Hull, 900 SW Fifth Avenue, Suite 2600, Portland,
Oregon 97204.

 

 

[SIGNATURES APPEAR ON FOLLOWING PAGE]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
on the date first set forth above the parties have executed and delivered these
Articles of Merger.

 

 

	 	ADAPTIVE MEDIA, INC.
	 	 
	 	 
	 	By: 	 
	 	 	Qayed Shareef, Chief Executive
Officer
	 	 	 
	 	 	 
	 	ADAPTIVE MEDIA ACQUISITION CO, INC.
	 	 	 
	 	 	 
	 	By:	 
	 	 	Michael Poutre, Chief Executive Officer

 

    	 

    	 

    

 

EXHIBIT A

 

PLAN OF MERGER

OF

ADAPTIVE MEDIA ACQUISITION CO., INC.

INTO

ADAPTIVE MEDIA, INC.

 

 

Article
I

Names of Constituent Corporations and

of Surviving Corporation

 

The names of the constituent corporations
are Adaptive Media Acquisition Co., Inc., an Oregon corporation (“Merging Corporation”) and Adaptive Media, Inc., an
Oregon Corporation (“Surviving Corporation”).

 

Article
II

Terms and Conditions of Proposed Merger

 

1.                 
On the date of filing of Articles of Merger with the Oregon Secretary of State (“Effective Date”), Merging Corporation
shall be merged with and into Surviving Entity and the separate existence of Merging Corporation shall cease (the “Merger”).
Surviving Corporation is the surviving entity of the Merger.

 

2.                 
Each share of Merging Company common stock issued and outstanding immediately prior to the Effective Date, shall be converted
into one validly issued, fully paid, and nonassessable share of Surviving Corporation common stock (“Surviving Corporation
Common Stock”), with the stock certificate of Merging Corporation evidencing ownership of such share of Surviving Corporation
Common Stock.

 

3.                 
Each share of Surviving Corporation common stock issued and outstanding immediately prior to the Effective Date (“Company
Shares”) shall, without any action on the part of the holder thereof be converted into the right to receive 3,350 newly issued
shares of common stock, par value $0.001 per share of Mimvi, Inc., the parent of Merging Corporation (“Merger Consideration”).

 

4.                 
From and after the Effective Date, all Company Shares shall no longer be outstanding and shall be cancelled and cease to
exist, and each certificate previously representing any Company Shares shall represent only the right to receive the applicable
Merger Consideration.

 

    	 

    	 

    

 

EXHIBIT C

 

LETTER OF TRANSMITTAL

 

To Accompany Certificates Representing Shares
of

Common Stock of

 

ADAPTIVE MEDIA, INC.

 

 

		To:	Mimvi, Inc.

c/o Richardson & Patel LLP

1100 Glendon Avenue, Suite 850

Los Angeles, CA 90024

Attn: Nimish Patel, Esq.

Ladies and Gentlemen:

 

In connection with
the Agreement and Plan of Merger (the “Merger Agreement”), by and among Mimvi, Inc., a Nevada
corporation (the “Parent”), Adaptive Media Acquisition Co., Inc., a Delaware corporation and a wholly owned
subsidiary of Parent (“Merger Sub”), Adaptive Media, Inc., an Oregon corporation (the “Company”), pursuant
to which Merger Sub will be merged with and into the Company (the “Merger”), the undersigned hereby transmits to you
for exchange, on the terms and conditions of the Merger Agreement and this Letter of Transmittal, the number of shares of common
stock of the Company (the “Company Shares”), represented by the certificate(s) surrendered hereby. Capitalized terms
used but not defined herein shall have the respective meanings set forth in the Merger Agreement.

 

Please mail to the
undersigned the shares of Parent Stock to be received by the undersigned as Merger Consideration applicable to the Company Shares
owned by the undersigned pursuant to the Merger Agreement. The undersigned hereby requests that the Parent Stock to which the undersigned
is entitled be issued in the name, and delivered to the name and address, set forth below.

 

The undersigned acknowledges
that he or she has received and reviewed the Merger Agreement and this Letter of Transmittal, which together constitutes the Company’s
notification of the terms and conditions of the Merger. The undersigned understands that surrender of the certificate(s) of Company
Shares is not made in acceptable form until receipt in satisfactory form by the Parent of this Letter of Transmittal, or a facsimile
or pdf hereof, duly completed and manually signed. The undersigned understands that the delivery of the Merger Consideration to
which the undersigned is entitled will be made as promptly as is practicable after surrender of the certificate(s) of the Company
Shares to the Parent has been made in acceptable form, and after the Effective Time of the Merger.

 

By signing and returning
this Letter of Transmittal, the undersigned hereby approves the transactions set forth in and contemplated by the Merger Agreement,
including the transactions set forth in and contemplated by the documents attached as exhibits to the Merger Agreement, with the
intention that such actions will have the same force and effect as if taken by a vote of the shareholders of the Company at a meeting
duly called and held.

 

    	 

    	 

    

 

PLEASE SIGN HERE

 

	 	 	 	 	 
	(X)	 	 	Dated:	 
	 	 	 	 	 
	(X)	 	 	Telephone No.:	 
	 	Signature(s) of registered
holder(s)	 	 	 

 

 

	DESCRIPTION OF SHARES	 	Shares
Tendered

	
        Name(s) and Address(es) of Registered Holder(s)

        as they appear on the Stock Certificate(s)

        (Please fill in)
	 	
        Certificate

Number(s)
	 	
        Total Number

        Of Shares

        Represented by Each

        Certificate

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	Total Shares:	 	 

 

    	 

    	 

    

 

EXHIBIT D

 

LEAK-OUT AND LOCKUP AGREEMENT

 

THIS LEAK-OUT AND LOCKUP
AGREEMENT (the “Agreement”) is made and entered into as of July 1, 2013, between Mimvi, Inc., a Nevada corporation
(the “Company”), and Qayed Shareef (the “Shareholder”). For all purposes of this Agreement, “Shareholder”
includes any affiliate, controlling person of Shareholder, agent, representative, or other person with whom Shareholder is acting
in concert.

 

WHEREAS, the Company
and the Shareholder have agreed to enter into this Agreement to restrict the public sale, assignment, transfer, conveyance, hypothecation,
or alienation of the common stock represented by Certificate Number 2088, representing 27,918,900 shares of the Company’s
common stock (the “Lock-Up Shares”), all on the terms set forth below.

 

NOW, THEREFORE, in consideration
of the foregoing premises and the mutual covenants contained herein, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

1.          Except
as otherwise expressly provided herein, the Shareholder agrees that he will not sell, assign, pledge, hypothecate, encumber, or
transfer any of the Lock-Up Shares or any interest therein, until the 20-month anniversary of this Agreement (“Lock-Up Period”),
provided that the Shareholder may transfer Lock-Up Shares (i) by gift, will, intestacy or other estate planning purposes provided
that the transferee executes an agreement stating that the transferee is receiving and holding the securities subject to the provisions
of this Agreement; or (ii) to the Company pursuant to the Put Agreement between the Shareholder and the Company of even date herewith
or pursuant to the settlement of any claim or dispute between the Company and the Shareholder. The Shareholder shall immediately
deliver certificate representing all of the Lock-Up Shares to V Stock Transfer, LLC (the “Transfer Agent”) and the
Transfer Agent shall hold the Lock-Up Shares, subject to the monthly release schedule set forth below, during the Lock-Up Period.
The Company and the Shareholder agree to execute any documents reasonably required by the Transfer Agent in connection with this
Agreement.

 

(a)          Following
receipt of the certificates representing the Lock-Up Shares, the Transfer Agent shall immediately deliver back to the Shareholder
1,000,000 shares of the Lock-Up Shares and, on the 1st of each month thereafter (beginning July 1, 2013), shall deliver
an additional 1,000,000 shares of the Lock-Up shares until all Lock-Up Shares have been delivered to the Shareholder (the “Leak-Out
Shares”). The Leak-Out Shares, once released by the Transfer Agent in compliance with this Agreement, shall not be subject
to any restrictions imposed by this Agreement.

 

(b)          The
Leak-Out Shares shall be delivered to the Shareholder in such manner as the Shareholder and the Transfer Agent may mutually determine,
whether in paper certificate, DWAC (Deposit/Withdrawal at Custodian), DRS (Direct Registration System) or other acceptable form
of delivery, subject to compliance with all applicable securities laws and regulations.

 

(c)          The
Shareholder agrees that he will not engage in any short selling (as defined under Rule 200 of Regulation SHO under the Securities
Exchange Act of 1934, as amended) of the Lock-Up Shares or the Leak-Out Shares during the Lock-Up Period.

 

    	 

    	 

    

 

2.          Notwithstanding
anything to the contrary set forth herein, the Company may, in its sole discretion and in good faith, at any time and from time
to time, waive any of the conditions or restrictions contained herein to increase the liquidity of the common stock or if such
waiver would otherwise be in the best interests of the development of the trading market for the common stock. At the time of
any such waiver, the Shareholder’s common stock can be publicly sold in accordance with the Securities Act of 1933, as amended
or Rule 144 promulgated thereunder by the Securities and Exchange Commission or otherwise.

 

3.          In
the event of: (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in
Rule 13d-5(b)(l) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital
stock of the Company, by contract or otherwise) of in excess of 50% of the voting securities of the Company or (b) the merger
or consolidation by the Company into or with any other person, or the merger or consolidation by any other person into or with
the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction
own less than 50% of the aggregate voting power of the Company or the successor entity of such transaction, or (c) the sale or
transfer by the Company all or substantially all of its assets to another person and the stockholders of the Company immediately
prior to such transaction own less than 50% of the aggregate voting power of the acquiring entity immediately after the transaction,
then this Agreement shall terminate as of the closing of such event and the common stock restricted pursuant hereto shall be released
from such restrictions.

 

4.          Except
as otherwise provided in this Agreement or any other agreements between the parties, the Shareholder shall be entitled to his
respective beneficial rights of ownership of the common stock, including the right to vote the common stock for any and all purposes
and the right to receive dividends and distributions thereon.

 

5.          The
number of Lock-Up Shares and Leak-Out Shares shall be appropriately adjusted should the Company make a stock dividend, undergo
a forward split or a reverse split of its outstanding shares of common stock, or otherwise reclassify its shares of common stock.

 

6.          This
Agreement may be executed in any number of counterparts with the same force and effect as if all parties had executed the same
document.

 

7.          All
notices and communications provided for herein shall be in writing and shall be deemed to be given or made on the date of delivery,
if delivered in person, by an internationally recognized overnight delivery service, or by facsimile, to the party entitled to
receive the same, if to the Shareholder at the address or facsimile number on the signature page and if to the Company at the
address or facsimile number set forth on the signature page, or at such other address or facsimile number as shall be designated
by any party hereto in written notice to the other party hereto delivered pursuant to this subsection.

 

8.          The
resale restrictions on the Lock-Up Shares shall be in addition to all other restrictions on transfer imposed by applicable United
States and state securities laws, rules and regulations.

 

9.          If
the Company or the Shareholder fail to fully adhere to the terms and conditions of this Agreement, then such party shall be liable
to every other party for any damages suffered by any party by reason of any such breach of the terms and conditions hereof. The
Shareholder agrees that in the event of a breach of any of the terms and conditions of this Agreement by the Shareholder, that
in addition to all other remedies that may be available in law or in equity to the non-defaulting parties, a preliminary and permanent
injunction, without bond or surety, and an order of a court requiring such defaulting Shareholder to cease and desist from violating
the terms and conditions of this Agreement and specifically requiring such Shareholder to perform his obligations hereunder is
fair and reasonable by reason of the inability of the parties to this Agreement to presently determine the type, extent or amount
of damages that the Company or the non-defaulting Shareholder may suffer as a result of any breach or continuation thereof.

 

    	2

    	 

    

 

10.         This
Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter hereof, and may not be
amended except by a written instrument executed by the parties hereto.

 

11.         This
Agreement shall be governed by and construed in accordance with the laws of the State of California applicable to contracts entered
into and to be performed wholly within said State; and the Company and the Shareholder agree that any action based upon this Agreement
may be brought in the United States and state courts of California only, and each submits himself/itself to the jurisdiction of
such courts for all purposes hereunder.

 

12.         In
the event of default hereunder, the non-defaulting parties shall be entitled to recover reasonable attorney’s fees incurred
in the enforcement of this Agreement.

 

    	3

    	 

    

 

IN WITNESS WHEREOF,
the undersigned have duly executed and delivered this Agreement as of the day and year first above written.

 

	 	SHAREHOLDER
	 	 
	 	By	/s/ Qayed
    Shareef
	 		Qayed Shareef
	 	 
	 	Mimvi, Inc.
	 	 
	 	By	/s/ Kevin
    Conner
	 	 	Kevin Conner, Chief Financial Officer

 

    	 

    	 

    

 

EXHIBIT E

 

EMPLOYMENT AGREEMENT

 

This Executive Employment
Agreement (“Agreement”) is made as of the 1st day of July, 2013 (the “Commencement Date”), between
Mimvi, Inc., a Nevada corporation (the “Company”), and Qayed Shareef (the “Executive”).

 

WHEREAS, the Company
desires to employ the Executive and the Executive desires to be employed by the Company pursuant to the terms of this Agreement,
as of the Commencement Date.

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1.           Employment.
The term of this Agreement shall extend from the Commencement Date until the third anniversary of the Commencement Date; provided,
however, that the term of this Agreement shall automatically be extended for one (1) additional year on the third anniversary
of the Commencement Date and each anniversary thereafter unless, not less than one hundred and twenty (120) days prior to each
such date, the Company or the Executive shall have given notice to the other that it or he does not wish to extend this Agreement.
The term of this Agreement shall be subject to termination as provided in Section 4 and may be referred to herein as the “Term.”

 

2.           Position
and Duties. During the Term, the Executive shall serve as the Chief Executive Officer of the Company, and shall have supervision
and control over and responsibility for the day-to-day business and affairs of the Company and shall have such other powers and
duties as may from time to time be prescribed by the Company’s Board of Directors (the “Board”), provided that
such duties are consistent with the Executive’s position or other positions that he may hold from time to time. The Executive
shall devote his full working time and efforts to the business and affairs of the Company.

 

3.           Compensation
and Related Matters.

 

(a)          Base
Salary. The Executive’s initial annual base salary shall be $120,000 for the Term. The base salary in effect at any given
time is referred to herein as “Base Salary.” The Base Salary shall be payable in accordance with the payroll practices
of the Company. 

 

(b)          Equity.
During the Term, Executive shall be granted options to purchase shares of the Company’s common stock. The options shall be
granted pursuant to the Company’s equity incentive plan then in effect (the “Plan”). The Executive agrees to
be bound by the terms of the Plan as in effect from time to time. 

 

(c)          Expenses.
The Executive shall be entitled to receive reimbursement for all reasonable and verifiable expenses incurred by him in performing
services hereunder during the Term, in accordance with the policies and procedures then in effect and established by the Company
for its executive officers.

 

(d)          Other
Benefits. During the Term, the Executive shall be entitled to participate in or receive benefits under any executive benefit
plan or arrangement which may, in the future, be made available by the Company to its executives and key management executives,
subject to and on a basis consistent with the terms, conditions and overall administration of such plan or arrangement. Any payments
or benefits payable to the Executive under a plan or arrangement referred to in this Section 3(d) in respect of any calendar year
of the Term during which the Executive is employed by the Company for less than the whole of such year shall, unless otherwise
provided in the applicable plan or arrangement, be prorated in accordance with the number of days in such calendar year during
which he is so employed. 

 

    	 

    	 

    

 

(e)          Vacations.
The Executive shall be entitled to twenty (20) paid vacation days in each calendar year, which shall be accrued ratably during
the calendar years of the Term. The Executive shall also be entitled to all paid holidays given by the Company to its executives.

 

4.           Termination.
The Executive’s employment hereunder may be terminated without any breach of this Agreement under the following circumstances:

 

(a)          Death.
The Executive’s employment hereunder shall terminate upon his death.

 

(b)          Disability.
The Company may terminate the Executive’s employment if he is disabled and unable to perform the essential functions of the
Executive’s then existing position or positions under this Agreement with or without reasonable accommodation for a period
of 180 days (which need not be consecutive) in any twelve-month period. If any question shall arise as to whether during any period
the Executive is disabled so as to be unable to perform the essential functions of the Executive’s then existing position
or positions with or without reasonable accommodation, the Executive may, and at the request of the Company shall, submit to the
Company a certification in reasonable detail by a physician selected by the Executive to whom the Executive or the Executive’s
guardian has no reasonable objection as to whether the Executive is so disabled or how long such disability is expected to continue,
and such certification shall for the purposes of this Agreement be conclusive of the issue. The Executive shall cooperate with
any reasonable request of the physician in connection with such certification. If such question shall arise and the Executive shall
fail to submit such certification, the Company’s determination of such issue shall be binding on the Executive. Nothing in
this Section 4(b) shall be construed to waive the Executive’s rights, if any, under existing law including, without limitation,
the Family and Medical Leave Act of 1993, 29 U.S.C. §2601 et seq. and the Americans with Disabilities Act, 42 U.S.C.
§12101 et seq. 

 

(c)          Termination
by Company for Cause. At any time during the Term, the Company may terminate the Executive’s employment hereunder for
Cause if at a meeting of the Board called and held for such purpose, a majority of the members of the Board determine in good faith
that the Executive is guilty of conduct that constitutes “Cause” as defined herein. For purposes of this Agreement,
“Cause” shall mean: (i) conduct by the Executive constituting a material act of willful misconduct in connection with
the performance of his duties, including, without limitation, misappropriation of funds or property of the Company or any of its
subsidiaries or affiliates other than the occasional, customary, and de minimis use of Company property for personal purposes;
(ii) the commission by the Executive of any felony or a misdemeanor involving moral turpitude, deceit, dishonesty, or fraud, or
any conduct by the Executive that would reasonably be expected to result in material injury to the Company or any of its subsidiaries
and affiliates if he were retained in his position; (iii) continued, willful, and deliberate non-performance by the Executive of
his duties hereunder (other than by reason of the Executive’s physical or mental illness, incapacity, or disability) which
has continued for more than thirty (30) days following written notice of such non-performance from the Board; (iv) a material breach
by the Executive of any of the provisions contained in Section 6 of this Agreement; (v) a material violation by the Executive of
the Company’s written employment policies which has continued following written notice of such violation from the Board;
or (vi) willful failure to cooperate with a bona fide internal investigation or an investigation by regulatory or law enforcement
authorities, after being instructed by the Company in writing to cooperate, or the willful destruction or failure to preserve documents
or other materials known to be relevant to such investigation or the willful inducement of others to fail to cooperate or to produce
documents or other materials in connection with such investigation. For purposes of clauses (i), (iii), or (vi) hereof, no act,
or failure to act, on the Executive’s part shall be deemed “willful” unless done, or omitted to be done, by the
Executive without reasonable belief that the Executive’s act or failure to act, was in the best interest of the Company and
its subsidiaries and affiliates.

 

    	2

    	 

    

 

(d)          Termination
by Company without Cause. At any time during the Term, the Company may terminate the Executive’s employment hereunder
without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not result from
the death or disability of the Executive under Section 4(a) or (b), does not constitute a termination for Cause under Section 4(c),
and does not constitute a termination pursuant to the sale of the Company under Section 4(e) shall be deemed a termination without
Cause.

 

(e)          Termination
in connection with Sale of the Business. In the event of a sale of the Company (whether by stock sale, asset sale, merger,
consolidation, or otherwise), this Agreement shall remain an enforceable obligation of the Company unless (i) expressly assumed
by the buyer, or (ii) expressly waived by Executive.

 

(f)          Termination
by the Executive. At any time during the Term, the Executive may terminate his employment hereunder for any reason upon thirty
(30) days written notice to the Board.

 

(g)          Notice
of Termination. Except for termination as specified in Section 4(a), any termination of the Executive’s employment by
the Company or any such termination by the Executive shall be communicated by written Notice of Termination to the other party
hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which shall indicate the specific
termination provision in this Agreement relied upon. 

 

(h)          Date
of Termination. “Date of Termination” shall mean: (i) if the Executive’s employment is terminated by his
death, the date of his death; (ii) if the Executive’s employment is terminated on account of disability under Section 4(b)
or by the Company for Cause under Section 4(c), the date on which Notice of Termination is given; (iii) if the Executive’s
employment is terminated by the Company under Section 4(d), the date on which a Notice of Termination is given; or (iv) if the
Executive’s employment is terminated under Section 4(e) in connection with the sale of the Company, the date of the closing
of such sale. Notwithstanding the foregoing, in the event that the Executive gives a Notice of Termination to the Company, the
Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company
for purposes of this Agreement.

 

5.           Compensation
Upon Termination.

 

(a)          Termination
Generally. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall
pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salary, incentive compensation
earned but not yet paid, unpaid expense reimbursements, accrued but unused vacation, and any vested benefits the Executive may
have under any executive benefit plan of the Company (the “Accrued Benefit”) on the Executive’s Date of Termination.
Notwithstanding the foregoing, the Accrued Benefit shall not include any Employment Agreement Contingent Compensation, as it is
expressly understood that Employment Agreement Contingent Compensation shall not be payable following the termination of the Executive,
except for a termination under Sections 4(d) in connection with termination of the Employment Agreement without cause or 4(e) in
connection with the sale of the Company (pro-rata as of the date of the closing of such sale).

 

    	3

    	 

    

 

(b)          Termination
by the Company Without Cause. If the Executive’s employment is terminated by the Company without Cause as provided in
Section 4(d), then the Company shall, through the Date of Termination, pay the Executive his Accrued Benefit. If the Executive
signs a standard general release of claims in a form and manner satisfactory to the Company and Executive (the “Release”)
within twenty-one (21) days of the receipt of the Release and does not revoke such Release during the seven-day revocation period,
the Company shall (A) pay the Executive the greater of: (i) the unpaid Base Salary that the Executive, had he not been terminated,
would have earned through the end of the Term; and (ii) one year of Base Salary (the “Severance Amount”); and (B) continuation
of healthcare benefits for a period at the Company’s cost for a period of eighteen (18) months pursuant to COBRA (collectively,
the “Severance”). The Severance Amount shall be paid out in accordance with the Company’s standard payroll practice,
beginning on the first payroll date after the Date of Termination or expiration of the seven-day revocation period for the Release,
if later. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Section 6 of this Agreement,
all payments of the Severance Amount shall immediately cease.

 

6.           Confidential
Information, Noncompetition and Cooperation.

 

(a)          Confidential
Information. As used in this Agreement, “Confidential Information” means information belonging to the Company which
is of value to the Company in the course of conducting its business and the disclosure of which could result in a competitive or
other disadvantage to the Company. Confidential Information includes, without limitation, financial information, reports, and forecasts;
inventions, improvements and other intellectual property; trade secrets; know-how; designs, processes, or formulae; software; market
or sales information or plans; customer lists; and business plans, prospects, and opportunities (such as possible acquisitions
or dispositions of businesses or facilities) which have been discussed or considered by the management of the Company. Confidential
Information includes information developed by the Executive in the course of the Executive’s employment by the Company, as
well as other information to which the Executive may have access in connection with the Executive’s employment. Confidential
Information also includes the confidential information of others with which the Company has a business relationship. Notwithstanding
the foregoing, Confidential Information does not include information in the public domain, unless due to breach of the Executive’s
duties under Section 6(b).

 

(b)          Confidentiality.
The Executive understands and agrees that the Executive’s employment creates a relationship of confidence and trust between
the Executive and the Company with respect to all Confidential Information. At all times, both during the Executive’s employment
with the Company and after its termination, the Executive will keep in confidence and trust all such Confidential Information,
and will not use or disclose any such Confidential Information without the written consent of the Company, except as may be necessary
in the ordinary course of performing the Executive’s duties to the Company.

 

(c)          Documents,
Records, etc. All documents, records, data, apparatus, equipment, and other physical property, whether or not pertaining to
Confidential Information, which are furnished to the Executive by the Company or are produced by the Executive in connection with
the Executive’s employment will be and remain the sole property of the Company. The Executive will return to the Company
all such materials and property as and when requested by the Company. In any event, the Executive will return all such materials
and property immediately upon termination of the Executive’s employment for any reason. The Executive will not retain with
the Executive any such material or property or any copies thereof after such termination.

 

    	4

    	 

    

 

(d)          Noncompetition
and Nonsolicitation. During the Term, and only during the Term, the Executive will not, without the prior written consent of
the Board, directly or indirectly, engage or participate in, be employed by or assist in any manner or in any capacity, or have
any interest in or make any loan to any person, firm, corporation or business which engages in any activity anywhere in the world
which is similar to or competitive with any business in which the Company is engaged or proposes to engage, so long as the Company
(or its successor, if any) shall engage in such activity; provided, however, that the foregoing shall not prevent
the Executive from owning beneficially or of record up to five percent (5%) of the outstanding securities of a publicly-held corporation
which engages in competitive activities. In addition, during the Term (including any severance period provided by Section 5(b)
plus twelve (12) months following the end of the Term, the Executive shall refrain from soliciting or encouraging any executive
of the Company to terminate his or her employment by the Company and to become employed by Executive, or any business or entity
(other than the Company) with which he is affiliated as an owner, investor, lender, or in any other capacity. Furthermore, during
the Term, the Executive will refrain from soliciting or encouraging any customer or supplier to terminate or otherwise modify adversely
its business relationship with the Company. The Executive understands that the restrictions set forth in this Section 6(d) are
intended to protect the Company’s interest in its Confidential Information and established executive, customer, and supplier
relationships and goodwill, and agrees that such restrictions are reasonable and appropriate for this purpose. 

 

(e)          Third-Party
Agreements and Rights. The Executive hereby confirms that the Executive is not bound by the terms of any agreement with any
previous employer or other party which restricts in any way the Executive’s use or disclosure of information or the Executive’s
engagement in any business. The Executive represents to the Company that the Executive’s execution of this Agreement, the
Executive’s employment with the Company and the performance of the Executive’s proposed duties for the Company will
not violate any obligations the Executive may have to any such previous employer or other party. In the Executive’s work
for the Company, the Executive will not disclose or make use of any information in violation of any agreements with or rights of
any such previous employer or other party, and the Executive will not bring to the premises of the Company any copies or other
tangible embodiments of non-public information belonging to or obtained from any such previous employment or other party. 

 

(f)          Litigation
and Regulatory Cooperation. During and after the Executive’s employment, the Executive shall cooperate with the Company
in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf
of the Company which relate to events or occurrences that transpired while the Executive was employed by the Company. The Executive’s
full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel
to prepare for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times. During and after
the Executive’s employment, the Executive also shall cooperate with the Company in connection with any investigation or review
of any federal, state, or local regulatory authority as any such investigation or review relates to events or occurrences that
transpired while the Executive was employed by the Company. The Company shall reimburse the Executive for any reasonable out-of-pocket
expenses incurred in connection with the Executive’s performance of obligations pursuant to this Section 6(f).

 

(g)          Injunction.
The Executive agrees that it would be difficult to measure any damages caused to the Company which might result from any breach
by the Executive of the promises set forth in this Section 6, and that in any event money damages would be an inadequate remedy
for any such breach. Accordingly, subject to Section 7 of this Agreement, the Executive agrees that if the Executive breaches,
or proposes to breach, any portion of this Agreement, the Company shall be entitled, in addition to all other remedies that it
may have, to an injunction or other appropriate equitable relief to restrain any such breach.

 

    	5

    	 

    

 

7.          Consent
to Jurisdiction. To the extent that any court action is permitted consistent with or to enforce Section 7 of this Agreement,
the parties hereby consent to the jurisdiction of the Superior Court of the State of California and the United States District
Court for the Southern District of California. 

 

8.          Integration.
This Agreement, together with any other documents contemplated thereby, constitutes the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior agreements between the parties concerning such subject matter.

 

9.          Withholding.
All payments made by the Company to the Executive under this Agreement shall be net of any tax or other amounts required to be
withheld by the Company under applicable law.

 

10.         Successor
to the Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal representatives,
executors, administrators, heirs, distributees, devisees, and legatees. In the event of the Executive’s death after his termination
of employment but prior to the completion by the Company of all payments due him under this Agreement, the Company shall continue
such payments to the Executive’s beneficiary designated in writing to the Company prior to his death (or to his estate, if
the Executive fails to make such designation).

 

11.         Enforceability.
If any portion or provision of this Agreement (including, without limitation, any portion or provision of any section of this Agreement)
shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement,
or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable,
shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent
permitted by law.

 

12.         Waiver.
No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of any
party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this
Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

 

13.         Notices.
Any notices, requests, demands, and other communications provided for by this Agreement shall be sufficient if in writing and delivered
in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage prepaid, return
receipt requested, to the Executive at the last address the Executive has filed in writing with the Company or, in the case of
the Company, at its main offices, attention of the Board.

 

14.         Amendment.
This Agreement may be amended or modified only by a written instrument signed by the Executive and by a duly authorized representative
of the Company (not including the Executive).

 

15.         Governing
Law. This Agreement shall be construed under and be governed in all respects by the laws of the State of California, without
giving effect to conflict of laws principles. 

 

16.         Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be taken to be
an original; but such counterparts shall together constitute one and the same document.

 

 

    	6

    	 

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement effective on the date and year first above written.

 

	 	MIMVI, INC.
	 	 
	 	/s/ Kevin
    Conner
	 	Kevin Conner, Chief Financial Officer
	 	 
	 	EXECUTIVE
	 	 
	 	/s/ Qayed
    Shareef
	 	Qayed Shareef

 

    	 

    	 

    

 

EXHIBIT F

 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION
AGREEMENT (this “Agreement”) is made as of the 1st day of July, 2013, by and between Mimvi, Inc., a Nevada
corporation (the “Corporation”), and Qayed Shareef (“Indemnitee”), a director and/or officer of the Corporation.

 

RECITALS

 

A.It is essential
to the Corporation to retain and attract as directors and officers of the Corporation the most capable persons available.

 

B.Both the Corporation
and Indemnitee recognize the increased risk of litigation and other claims currently being asserted against directors and officers
of corporations generally.

 

C.The Articles
of Incorporation, as amended (the "Articles of Incorporation") and Bylaws of the Corporation require the Corporation
to indemnify and advance expenses to its directors and officers to the fullest extent permitted under Nevada law, and Indemnitee
will serve or has been serving and continues to serve as a director and/or officer of the Corporation in part in reliance on the
Corporation’s Articles of Incorporation and Bylaws.

 

D.In recognition
of Indemnitee’s need for (i) substantial protection against personal liability based on Indemnitee’s reliance on the
aforesaid Articles of Incorporation and Bylaws, (ii) specific contractual assurance that the protection promised by the Articles
of Incorporation and Bylaws will be available to Indemnitee (regardless of, among other things, any amendment to or revocation
of the Articles of Incorporation and Bylaws or any change in the composition of the Corporation’s Board of Directors or acquisition
transaction relating to the Corporation), and (iii) an inducement to provide effective services to the Corporation as a director
and/or officer, the Corporation wishes to provide in this Agreement for the indemnification of and the advancing of expenses to
Indemnitee to the fullest extent (whether partial or complete) permitted under Nevada law and as set forth in this Agreement, and,
to the extent insurance is maintained, to provide for the continued coverage of Indemnitee under the Corporation’s directors’
and officers’ liability insurance policies.

 

AGREEMENTS

 

NOW, THEREFORE, the
Corporation and Indemnitee do hereby agree as follows:

 

1.Agreement
to Serve. Indemnitee agrees to serve or continue to serve as a director and/or an officer of the Corporation for so long as
he is duly elected or appointed or until such time as he tenders his resignation in writing.

 

2.Definitions.
As used in this Agreement:

 

(a)“Change
of Control” means the occurrence of any of the following events after the date of this Agreement:

 

    	 

    	 

    

 

(i)A change in
the composition of the Board of Directors of the Corporation, as a result of which fewer than a majority of the incumbent directors
are directors who either (1) had been directors of the Corporation 12 months prior to such change or (2) were elected, or nominated
for election, to the Board of Directors with the affirmative votes of at least a majority of the directors who had been directors
of the Corporation 12 months prior to such change and who were still in office at the time of the election or nomination; or

 

(ii)Any “person”
(as such term is used in section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) through the acquisition or
aggregation of securities is or becomes the beneficial owner, directly or indirectly, of securities of the Corporation representing
40% or more of the combined voting power of the Corporation’s then outstanding securities ordinarily (and apart from rights
accruing under special circumstances) having the right to vote at elections of directors (the “Capital Stock”).

 

(b)“Disinterested
Director” means a director of the Corporation who is not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee.

 

(c)The term “Expenses”
shall include, without limitation, expenses, costs and obligations, paid or incurred, of investigations, judicial or administrative
proceedings or appeals, amounts paid in settlement by or on behalf of Indemnitee, reasonable attorneys' fees and disbursements
and any expenses reasonably and actually incurred in establishing a right to indemnification under Section 8 of this Agreement
including, without limitation, those incurred in investigating, defending, being a witness in or participating in (including on
appeal), or preparing to defend with respect to any claim, issue or matter relating thereto or in connection therewith, but shall
not include the amount of judgments, fines or penalties against Indemnitee.

 

(d)“Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
is, nor in the past 5 years has been, retained to represent: (i) the Corporation or Indemnitee in any matter material to either
such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
conduct then prevailing, would have a conflict of interest in representing either the Corporation or Indemnitee in an action to
determine Indemnitee’s rights under this Agreement.

 

(e)The term “Proceeding”
shall include any threatened, pending or completed action, suit, internal or external investigation or proceeding, and any appeal
thereof, whether brought by or in the right of the Corporation or otherwise and whether civil, criminal, administrative or investigative,
and/or any inquiry or investigation, in which Indemnitee may be or may have been involved as a party or otherwise, by reason of
the fact that Indemnitee is or was a director or officer of the Corporation, by reason of any action taken by him or of any inaction
on his part while acting as a director or officer, or by reason of the fact that he is or was serving at the request of the Corporation
as a director, officer, employee or agent of another corporation, partnership, limited liability company, joint venture, trust
or other enterprise; in each case whether or not he is acting or serving in any such capacity at the time any liability or expense
is incurred for which indemnification or reimbursement can be provided under this Agreement.

 

    	 

    	 

    

 

(f)References to
“other enterprise” shall include employee benefit plans; references to "fines" shall include any excise tax
assessed with respect to any employee benefit plan; references to "serving at the request of the Corporation" shall include
any service as a director, officer, employee or agent of the Corporation or its subsidiaries which imposes duties on, or involves
services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants or beneficiaries;
and a person who acted in good faith and in a manner he reasonably believed to be in the interests of the participants and beneficiaries
of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation”
as referred to in this Agreement.

 

3.Indemnity
in Third-Party Proceedings. The Corporation shall indemnify Indemnitee in accordance with the provisions of this Section 3
if Indemnitee is a party to or threatened to be made a party to any Proceeding (other than a Proceeding by or in the right of the
Corporation to procure a judgment in its favor) by reason of the fact that Indemnitee is or was a director or officer of the Corporation,
or is or was serving at the request of the Corporation as a director, officer, employee, or agent of another corporation, partnership,
limited liability company, joint venture, trust or other enterprise, against all Expenses, judgments, fines and penalties actually
and reasonably incurred by Indemnitee in connection with the defense or settlement of such Proceeding, but only if he acted in
good faith and in a manner which he reasonably believed to be in the best interests of the Corporation, or, in the case of a criminal
action or proceeding, in addition, had no reasonable cause to believe that his conduct was unlawful.

 

4.Indemnitee
in Proceedings by or in the Right of the Corporation. The Corporation shall indemnify Indemnitee in accordance with the provisions
of this Section 4 if Indemnitee is a party to or threatened to be made a party to any Proceeding by or in the right of the Corporation
to procure a judgment in its favor by reason of the fact that Indemnitee is or was a director or officer of the Corporation, or
is or was serving at the request of the Corporation as a director, officer, employee, or agent of another corporation, partnership,
limited liability company, joint venture, trust or other enterprise, against all Expenses actually and reasonably incurred by Indemnitee
in connection with the defense or settlement of such Proceeding, but only if he acted in good faith and in a manner which he reasonably
believed to be in the best interests of the Corporation, except that no indemnification for Expenses shall be made under this Section
4 in respect of any Proceeding as to which Indemnitee shall have been adjudged to be liable to the Corporation, unless and only
to the extent that any court in which such Proceeding was brought shall determine upon application that, despite the adjudication
of liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such
expenses as such court shall deem proper. Notwithstanding the foregoing, Indemnitee shall have no right to indemnification for
Expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b)
of the Securities Exchange Act of 1934, as amended.

 

    	 

    	 

    

 

5.Intentionally
omitted.

 

6.Indemnification
of Expenses of Successful Party. Notwithstanding any other provision of this Agreement whatsoever, to the extent that Indemnitee
has been successful on the merits or otherwise (including a settlement) in defense of any Proceeding or in defense of any claim,
issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses reasonably
and actually incurred in connection therewith.

 

7.Advances of
Expenses. The Corporation shall advance all reasonable Expenses incurred by or on behalf of Indemnitee in connection with any
Proceeding within 20 days after the receipt by the Corporation of a statement or statements from Indemnitee requesting such advance
or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall
reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking by or
on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled to
be indemnified against such Expenses.

 

8.Procedure
for Determination of Entitlement to Indemnification.

 

(a)To obtain indemnification
under this Agreement, Indemnitee shall submit to the Corporation a written request, including therein or therewith such documentation
and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee
is entitled to indemnification. The Secretary of the Corporation shall, promptly upon receipt of such a request for indemnification,
advise the Board of Directors in writing that Indemnitee has requested indemnification.

 

(b)Upon written request
by Indemnitee for indemnification pursuant to the first sentence of Section 8(a) hereof, a determination, if required by applicable
law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change of Control (as
defined in Section 2) shall have occurred, by Independent Counsel (as defined in Section 2) (unless Indemnitee shall request that
such determination be made by the Board of Directors or the stockholders, in which case by the person or persons or in the manner
provided for in clauses (ii) or (iii) of this Section 8(b)) in a written opinion to the Board of Directors, a copy of which shall
be delivered to Indemnitee; (ii) if a Change of Control shall not have occurred, (A) by the Board of Directors by a majority vote
of a quorum consisting of Disinterested Directors (as defined in Section 2), or (B) if a quorum of the Board of Directors consisting
of Disinterested Directors is not obtainable or, even if obtainable, such quorum of Disinterested Directors so directs, by Independent
Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee or (C) by the stockholders
of the Corporation; or (iii) as provided in Section 9(b) of this Agreement; and, if it is so determined that Indemnitee is entitled
to indemnification, payment to Indemnitee shall be made within 20 days after such determination. Indemnitee shall cooperate with
the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including
providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged
or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination.
Any costs or expenses (including reasonable attorney’s fees and disbursements) incurred by Indemnitee in so cooperating with
the person, persons or entity making such determination shall be borne by the Corporation (irrespective of the determination as
to Indemnitee’s entitlement to indemnification), and the Corporation hereby indemnifies and agrees to hold Indemnitee harmless
therefrom.

 

    	 

    	 

    

 

(c)In the event the
determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof, the Independent
Counsel shall be selected as provided in this Section 8(c). If a Change of Control shall not have occurred, the Independent Counsel
shall be selected by the Board of Directors, and the Corporation shall give written notice to Indemnitee advising him of the identity
of the Independent Counsel so selected. If a Change of Control shall have occurred, the Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the preceding
sentence shall apply), and Indemnitee shall give written notice to the Corporation advising it of the identity of the Independent
Counsel so selected. In either event, the Indemnitee or the Corporation, as the case may be, may, within 7 days after such written
notice of selection shall have been given, deliver to the Corporation or to Indemnitee, as the case may be, a written objection
to such selection. Such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the
requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth
with particularity the factual basis of such assertion. If such written objection is made, the Independent Counsel so selected
may not serve as Independent Counsel unless and until a court has determined that such objection is without merit. If, within 20
days after submission by Indemnitee of a written request for indemnification pursuant to Section 8(a) hereof, no Independent Counsel
shall have been selected and not objected to, either the Corporation or Indemnitee may petition the courts of the State of Nevada
or other court of competent jurisdiction for resolution of any objection which shall have been made by the Corporation or Indemnitee
to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by
the Court or by such other person as the Court shall designate, and the person with respect to whom an objection is so resolved
or the person so appointed shall act as Independent Counsel under Section 8(b) hereof. The Corporation shall pay any and all reasonable
fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 8(b)
hereof, and the Corporation shall pay all reasonable fees and expenses incident to the procedures of this Section 8(c), regardless
of the manner in which such Independent Counsel was selected or appointed. Upon the due commencement of any judicial proceeding
pursuant to Section 11(a)(iii) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility
in such capacity (subject to the applicable standards of professional conduct then prevailing).

 

9.Presumptions
and Effect of Certain Proceedings.

 

(a)If a Change of
Control shall have occurred, in making a determination with respect to entitlement to indemnification hereunder, the person or
persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if
Indemnitee has submitted a request for indemnification in accordance with Section 8(a) of this Agreement, and the Corporation shall
have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination
contrary to that presumption.

 

    	 

    	 

    

 

(b)If the person,
persons or entity empowered or selected under Section 8 of this Agreement to determine whether Indemnitee is entitled to indemnification
shall not have made a determination within 60 days after receipt by the Corporation of the request therefor, the requisite determination
of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent
(i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under
applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional 30
days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires
such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further,
that the foregoing provisions of this Section 9(b) shall not apply (i) if the determination of entitlement to indemnification is
to be made by the stockholders pursuant to Section 8(b) of this Agreement and if (A) within 15 days after receipt by the Corporation
of the request for such determination the Board of Directors has resolved to submit such determination to the stockholders for
their consideration at an annual meeting thereof to be held within 75 days after such receipt and such determination is made thereat,
or (B) a special meeting of stockholders is called within 15 days after such receipt for the purpose of making such determination,
such meeting is held for such purpose within 60 days after having been so called and such determination is made thereat; or (ii)
if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) of this Agreement.

 

(c)The termination
of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo
contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the
right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which
he reasonably believed to be in or not opposed to the best interests of the Corporation or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his conduct was unlawful.

 

10.Notification
and Defense of Claim. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee will,
if a claim in respect thereof is to be made against the Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from any liability which it may have to Indemnitee otherwise
than under this Agreement. With respect to any Proceeding as to which Indemnitee notifies the Corporation of the commencement thereof:

 

(a)the Corporation
will be entitled to participate therein at its own expense;

 

    	 

    	 

    

 

(b)Except as otherwise
provided below, to the extent that it may wish, the Corporation jointly with any other indemnifying party similarly notified will
be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from the Corporation
to Indemnitee of its election to assume the defense thereof, the Corporation will not be liable to Indemnitee under this Agreement
for any Expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable costs of investigation
or as otherwise provided below. Indemnitee shall have the right to employ his or her own counsel in such Proceeding, but the Expenses
associated with the employment of such counsel incurred after notice from the Corporation of its assumption of the defense thereof
shall be at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee has been authorized by the Corporation,
(ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Corporation and Indemnitee
in the conduct of the defense of such Proceeding or (iii) the Corporation shall not in fact have employed counsel to assume the
defense of such Proceeding, in each of which cases the Expenses of Indemnitee’s separate counsel shall be at the expense
of the Corporation. The Corporation shall not be entitled to assume the defense of any Proceeding brought by or on behalf of Corporation
or as to which Indemnitee shall have made the conclusion provided for in (ii) above; and

 

(c)Provided there
has been no Change of Control, the Corporation shall not be liable to indemnify Indemnitee under this Agreement for any amounts
paid in settlement of any Proceeding effected without its written consent, which consent shall not be unreasonably withheld. The
Corporation shall be permitted to settle any Proceeding except that it shall not settle any Proceeding in any manner that would
impose any penalty, out-of-pocket liability, or limitation on Indemnitee without Indemnitee’s written consent.

 

11.Remedies
of Indemnitee.

 

(a)In the event that
(i) a determination is made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 7 of this Agreement, (iii) the determination of
entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) of this Agreement and such determination
shall not have been made and delivered in a written opinion within 90 days after receipt by the Corporation of the request for
indemnification, or (iv) payment of indemnification is not made within 20 days after a determination has been made that Indemnitee
is entitled to indemnification or such determination is deemed to have been made pursuant to Section 8 or 9 of this Agreement,
Indemnitee shall be entitled to an adjudication in an appropriate court of the State of Nevada, or in any other court of competent
jurisdiction, of his entitlement to such indemnification of advancement of Expenses.

 

(b)In the event that
a determination shall have been made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to indemnification,
any judicial proceeding commenced pursuant to this Section 11 shall be conducted in all respects as a de novo trial on the merits
and Indemnitee shall not be prejudiced by reason of that adverse determination. If a Change of Control shall have occurred, in
any judicial proceeding commenced pursuant to this Section 10 the Corporation shall have the burden of proving that Indemnitee
is not entitled to indemnification or advancement of Expenses, as the case may be.

 

    	 

    	 

    

 

(c)If a determination
shall have been made or deemed to have been made pursuant to Section 8 or 9 of this Agreement that Indemnitee is entitled to indemnification,
the Corporation shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 11, absent (i)
a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under
applicable law.

 

(d)The Corporation
shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 11 that the procedures and presumptions
of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Corporation is bound by
all the provisions of this Agreement.

 

(e)In the event that
Indemnitee, pursuant to this Section 11, seeks a judicial adjudication to enforce his rights under, or to recover damages for breach
of, this Agreement, Indemnitee shall be entitled to recover from the Corporation, and shall be indemnified by the Corporation against,
any and all expenses (of the types describe in the definition of Expenses in Section 2 of this Agreement) actually and reasonably
incurred by him in such judicial adjudication, but only if he prevails therein. If it shall be determined in said judicial adjudication
that Indemnitee is entitled to receive part but not all of the indemnification or advancement or expenses sought, the expenses
incurred by Indemnitee in connection with judicial adjudication shall be appropriately prorated.

 

12.Non-Exclusivity;
Survival of Rights; Insurance; Subrogation.

 

(a)Notwithstanding
any other provision of this Agreement, the Corporation hereby agrees to indemnify the Indemnitee to the full extent permitted by
law, whether or not such indemnification is specifically authorized by the other provisions of this Agreement, the Corporation's
Articles of Incorporation, the Bylaws, or by statute. In the event of any changes, after the date of this Agreement, in any applicable
law, statute, or rule that expand the right of a Nevada corporation to indemnify a member of its board of directors or any officer,
such changes shall be, ipso facto, within the purview of Indemnitee's rights, and the Corporation's obligations,
under this Agreement. In the event of any changes in any applicable law, statute, or rule that narrow the right of a Nevada corporation
to indemnify a member of its board of directors or any officer, such changes, to the extent not otherwise required by such law,
statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties' rights and obligations
hereunder.

 

(b)The indemnification
provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may be entitled under the Articles
of Incorporation, the Bylaws, any agreement, any vote of stockholders or disinterested directors, the laws of the State of Nevada,
or otherwise, both as to action in his official capacity and as to action in another capacity while holding such office.

 

    	 

    	 

    

 

(c)To the extent
that the Corporation maintains an insurance policy or policies providing liability insurance for directors, officers, employees,
agents or fiduciaries of the Corporation or of any other corporation, partnership, limited liability company, joint venture, trust,
employee benefit plan or other enterprise which such person serves at the request of the Corporation, Indemnitee shall be covered
by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director,
officer, employee or agent under such policy or policies.

 

(d)In the event of
any payment under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the rights of recovery
of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of
such documents as are necessary to enable the Corporation to bring suit to enforce such rights.

 

(e)The Corporation
shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent
that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

13.Duration
of Agreement. This Agreement shall continue until and terminate upon the later of: (a) 10 years after the date that Indemnitee
shall have ceased to serve as a director, or (b) the final termination of all pending Proceedings in respect of which Indemnitee
is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant
to Section 11 of this Agreement relating thereto.

 

14.Exception
to Right of Indemnification or Advancement of Expenses. Notwithstanding any other provision of this Agreement, Indemnitee shall
not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim
therein, brought or made by him against the Corporation.

 

15.Partial Indemnification.
If Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation for some or a portion of
the Expenses, judgments, fines or penalties actually and reasonably incurred by him in the investigation, defense, appeal or settlement
of any Proceeding, but not, however, for the total amount thereof, the Corporation shall nevertheless indemnify Indemnitee for
the portion of such Expenses, judgments, fines or penalties to which Indemnitee is entitled. Moreover, notwithstanding any other
provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or
all claims, issues or matters relating in whole or in part to an indemnifiable event, occurrence or matter hereunder, including
dismissal without prejudice, Indemnitee shall be indemnified against all Expenses incurred in connection with such defenses.

 

16.Effect of
Federal Law. Both the Corporation and the Indemnitee acknowledge that in certain instances, federal law will override Nevada
law and prohibit the Corporation from indemnifying its officers and directors. For example, the Corporation and Indemnitee acknowledge
that the Securities and Exchange Commission has taken the position that indemnification is not permissible for liabilities arising
under certain federal securities law, and federal law prohibits indemnification for certain violations of the Employee Retirement
Income Security Act of 1974, as amended.

 

    	 

    	 

    

 

17.Saving Clause.
Nothing in this Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to do any act
in violation of applicable law. The provisions of this Agreement (including any provision within a single section, paragraph or
sentence) shall be severable in accordance with this Section 17. If this Agreement or any portion thereof shall be invalidated
on any ground by any court of competent jurisdiction, the Corporation shall nevertheless indemnify Indemnitee as to Expenses, judgments,
fines and penalties with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that
shall not have been invalidated or by any other applicable law, and this Agreement shall remain enforceable to the fullest extent
permitted by law.

 

18.Notice.
All notices, request, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or
(ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed.

 

		(a)	If to Indemnitee, to:

 

Qayed Shareef

26050 Acero, Suite
315

Mission Viejo, CA,
92691

 

		(b)	If to the Corporation to:

 

Mimvi,
Inc.

440
North Wolfe Road

Sunnyvale,
California 94085

Attn:
Chief Executive Officer

 

 

or such address as may have been furnished
to Indemnitee by the Corporation or to the Corporation by Indemnitee, as the case may be.

 

19.Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall constitute the original.

 

20.Applicable
Law. This Agreement shall be governed by and construed in accordance with the substantive laws of the State of Nevada without
giving effect to its rules of conflicts of laws.

 

    	 

    	 

    

 

21.Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties and their respective
successors and assigns (including any direct or indirect successors by purchase, merger, consolidation or otherwise to all or substantially
all of the business and/or assets of the Corporation), spouses, heirs, and personal and legal representatives.

 

22.Subsequent
Instruments and Acts. The parties hereto agree that they will execute any further instrument and perform any acts that may
become necessary from time to time to carry out the terms of this Agreement.

 

23.Modification
and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

24.Notice by
Indemnitee. Indemnitee agrees promptly to notify the Corporation in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other documents relating to any Proceeding or matter which may be subject to Indemnification
or advancement of Expenses covered hereunder.

 

25.Miscellaneous.
Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

 

IN WITNESS WHEREOF,
the parties hereby have caused this Agreement to be duly executed and signed as of the day and year first above written.

 

 

	 	Mimvi, Inc., a Nevada corporation
	 	 
	 	 
	 	By: 	 
	 	 	Kevin Conner, Chief Financial Officer
	 	 	 
	 	 	 
	 	INDEMNITEE:
	 	 	 
	 	 	 
	 	 
	 	Qayed Shareef

 

    	 

    	 

    

 

EXHIBIT G

 

PUT AGREEMENT

 

THIS PUT AGREEMENT ("Agreement")
is entered into effective as of July 1, 2013, by and among Mimvi, Inc., a Nevada corporation
(“Mimvi”), Qayed Shareef, Morgan Family Trust, dated February 1, 2000 and Kim Reed Perell (each a “Shareholder”
and collectively, the “Shareholders”).

 

RECITALS:

 

A.           This
Agreement is being entered into pursuant to that certain Agreement and Plan of Merger dated concurrently herewith by and
among Mimvi, Adaptive Media, Inc., the Shareholders and certain other signatories thereto (the “Merger Agreement”).
Capitalized terms used in this Agreement and not otherwise defined herein shall have the respective meanings set forth in the Merger
Agreement.

 

B.           As
a result of the Merger, the Shareholders have received shares of Parent Stock.

 

C.           Mimvi
desires to grant, and the Shareholders desire to acquire, the option to put up to 5,500,000 shares of Parent Stock held by the
Shareolders as adjusted from time to time to reflect any stock splits, reverse splits, unit distributions and similar capital events
(the “Option Shares”) to Mimvi upon the terms and conditions as are hereinafter set forth.

 

AGREEMENT:

 

NOW, THEREFORE, in consideration
of the mutual covenants and promises contained in this Agreement, the parties agree as follows:

 

1.          Grant
of Put Option. Mimvi hereby grants to each Shareholder, and the Shareholders hereby accept and acquire from Mimvi, the right
to require Mimvi to purchase all or any portion of the Option Shares held by the Shareholders upon the terms and conditions hereinafter
set forth. The foregoing right of the Shareholders to require Mimvi to purchase the Option Shares is referred to hereinafter as
the "Put." The immediately preceding sentence notwithstanding, in the event that, on the Put Date, Mimvi does
not have and cannot reasonably obtain sufficient capital to purchase the Option Shares (the “Funding Contingency”),
the Shareholders shall not be permitted to exercise the Put provided that Mimvi notifies the Shareholders thereof and promptly
issues to each Shareholder additional shares of Parent Stock equal to ten percent (10%) of the number of the Option Shares held
by such Shareholder as of the date of such Put Date.

 

2.          Exercise
Price. The Put exercise price shall be $0.0909 per Option Share (the “Purchase Price per Share”), as adjusted
from time to time to reflect any stock splits, reverse splits, unit distributions and similar capital events.

 

    	1

    	 

    

 

3.           Term
of Put. The term of the Put ("Put Term") granted herein shall commence on November
1, 2013, and shall expire at 11:59 p.m. (PST) on December 31, 2013. Upon the expiration of the Put Term, unless the Put
granted herein has been timely and validly exercised in accordance with the provisions of Section 4 below, the Put and all of the
rights of the Shareholders to exercise the Put shall automatically cease and terminate and be of no further force or effect. However,
upon the occurrence of the Funding Contingency, the Put term shall automatically be extended until such time as Mimvi has sufficient
capital available to purchase the Option Shares on the terms set forth herein.

 

4.           Manner
of Exercise of Put.

 

(a)          The
Put granted herein may be exercised by the holders of at least a majority of the Option Shares (the “Requisite Holders”)
at any time during the Put Term by delivering written notice to Mimvi of their election to exercise the Put (“Put Notice”),
specifying therein the number of Option Shares to be put to Mimvi (the “Put Shares”) and the date on
which such put shall be effected (such date, the “Put Date”), provided
that if the Requisite Holders elect to Put less than all of the Option Shares, the Shareholders shall each put his or her Pro Rata
Share of the aggregate amount of Put Shares set forth in the Put Notice. If no Put Date is specified in a Put Notice, the Put Date
shall be the date that such Put Notice is deemed delivered hereunder. For purposes of this Agreement, “Pro Rata Share”
shall mean, with respect to a Shareholder, as of any date of determination, the percentage that Option Shares held by such Shareholder
as of such determination date bears with respect to the total amount of the Option Shares held by all Shareholders as of such determination
date.

 

(b)          Notwithstanding
the foregoing, upon the commencement, whether voluntary or involuntary, of a case under the laws of the United States, or any other
proceeding or action seeking reorganization, liquidation, dissolution or other relief under bankruptcy or insolvency statutes or
similar laws, or the appointment of a receiver, trustee or custodian for Mimvi or all or a material portion of Mimvi’s assets
or property, this Put shall be deemed exercised immediately prior thereto with respect to all Option Shares, without demand or
notice of any kind the Shareholders.

 

(c)          If
the Requisite Holders fail to timely and validly exercise the Put in accordance with the requirements of subsection 4(a) above,
then the Put created by this Agreement shall automatically terminate and be of no further force or effect.

 

(d)          Upon
the timely and valid exercise of the Put granted herein, the obligation of Mimvi to purchase and acquire the Put Shares shall be
expressly irrevocable and non-contingent, and the obligation of the Shareholders to sell and transfer the Put Shares to Mimvi shall
be expressly irrevocable and non-contingent.

 

5.           Terms
of Purchase and Sale.

 

(a)          Upon
the timely and valid exercise of the Put by the Requisite Holders in accordance with Section 4 above, this Agreement shall constitute
an agreement of purchase and sale pursuant to which the Shareholders agree absolutely and unconditionally to sell, transfer, assign,
convey and deliver to Mimvi (“Transfer”), and Mimvi agrees to absolutely and unconditionally purchase and acquire
from the Shareholders, the Put Shares for the Purchase Price per Share. Upon the Transfer of the Put Shares pursuant to the terms
of this Agreement, each Shareholder shall transfer and warrant good and marketable title and interest in and to his or her respective
Put Shares and shall convey all such Put Shares to Mimvi free and clear of all Liens.

 

    	2

    	 

    

 

(b)          The
closing ("Closing") for the Transfer of the Put Shares from the Shareholders to Mimvi contemplated herein shall
be held at the principal office of Mimvi, on or before the date (the "Closing Date") that is five (5) days following
the Put Date. At the Closing, the parties hereto shall execute, acknowledge, verify and deliver any and all documents and/or agreements
reasonably necessary to effectuate the transfer of the Put Shares to Mimvi, including delivery of certificates representing the
Put Shares and Mimvi shall pay to each Shareholder an amount equal to (x) such Shareholder’s Put Shares multiplied by (y)
the Purchase Price per Share. All payments due hereunder shall be paid in lawful money of the United States of America which shall
be legal tender in payment of all debts and dues, public and private, in immediately available funds, without offset, deduction,
or recoupment. Any payment by check or draft shall be subject to the condition that any receipt issued therefore shall be ineffective
unless the amount due is actually received by the Shareholder.

 

6.          Obligation
Absolute. Mimvi’s obligations to purchase the Put Shares in accordance with the terms hereof are absolute and unconditional,
irrespective of any action or inaction by the Shareholders to enforce the same, any waiver or consent with respect to any provision
hereof, the recovery of any judgment against any person or any action to enforce the same, or any setoff counterclaim, recoupment,
limitation or termination, or any breach or alleged breach by the Shareholders or any other person of any obligation to Mimvi or
any violation or alleged violation of law by the Shareholders or any other person, and irrespective of any other circumstance which
might otherwise limit such obligation of Mimvi to the Shareholders in connection with the purchase of such Put Shares. Nothing
herein shall limit the right of the Shareholders, acting pursuant to the agreement of the Requisite Holders to pursue actual damages
for Mimvi’s failure to purchase the Put Shares within the period specified herein and the Requisite Holders shall have the
right to pursue all remedies available to the Shareholders hereunder, at law or in equity including, without limitation, a decree
of specific performance and/or injunctive relief.

 

7.          Representations
and Warranties. Each party hereto hereby represents and warrants that (a) they have the full power and authority to enter into
this Agreement, to transfer the Option Shares to Mimvi on the terms and conditions contained herein and to perform all of their
respective obligations hereunder, (b) that the execution, delivery and performance by each party of their respective obligations
hereunder will not violate or constitute an event of default under any other agreement, document or instrument to which such party
is a party or by which such party is bound, and (c) the Put Shares to be conveyed to Mimvi pursuant to this Agreement is and shall
continue to be free and clear of any Lien. The representations and warranties set forth above in this Section 7 shall survive the
execution and delivery of this Agreement and the transfer of the Put Shares contemplated herein, and shall be true and correct
as of the date of this Agreement, and deemed to have been remade as of each Closing Date.

 

8.          Optional
Termination Right. The Requisite Holders may, but shall not be obligated to, elect to terminate this Agreement at any time
between the date hereof and the expiration of the Put Term and receive from Mimvi additional shares of Parent Stock equal to ten
percent (10%) of the number of remaining Option Shares covered by this Agreement as of the date of termination (the “Termination
Shares”). The Requisite Holders may elect to terminate this Agreement by delivering a written notice to Mimvi specifying
therein the date on which such termination shall be effective, provided that if no termination date is specified, the termination
date shall be the date that such notice is deemed delivered hereunder. Promptly after the effective date of termination, Mimvi
shall issue to each Shareholder certificates representing his or her respective Pro Rata Share of the Termination Shares.

 

    	3

    	 

    

 

9.           Miscellaneous.

 

(a)          Notices.
All notices required or permitted to be given under this Agreement shall be given in writing and shall be deemed to have been duly
given when personally delivered or, if earlier, when received after mailing by registered or certified United States mail, postage
prepaid, with return receipt requested. Notice to any party to this Agreement is valid if sent to him at such party's address as
it appears in Mimvi’s records. Any party to this Agreement shall have the right, from time to time, to specify as its address
for purposes of this Agreement any other address upon giving fifteen (15) days notice thereof to the other party.

 

(b)          Integration,
No Oral Modification. This Agreement constitutes the entire agreement of the parties and supersedes all prior or contemporaneous
oral and written agreements of the parties relating to the subject matter hereof. No amendment, modification, or other alteration
to the terms of this Agreement shall be effective, unless made in writing and signed by the parties.

 

(c)          Assignment.
This Agreement is personal in nature and neither party may assign its rights or delegate the performance of its duties under this
Agreement without the prior written consent of the other. Any purported assignment without such consent shall be void and of no
force or effect.

 

(d)          Agreement
Binds Successors. This Agreement shall be binding upon and shall inure to the benefit of the parties and, to the extent permitted
by this Agreement or applicable law, their respective heirs, legal representatives, successors, and assigns.

 

(e)          Captions.
The captions in this Agreement are for convenient reference only and shall have no legal effect.

 

(f)          Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and need not be signed
by more than one of the parties hereto and all of which together shall constitute one and the same agreement.

 

(g)          Jurisdiction
and Venue. MIMVI AND THE SHAREHOLDERS HEREBY AGREE THAT ANY FEDERAL COURT IN THE STATE OF CALIFORNIA OR ANY STATE COURT LOCATED
THE STATE OF CALIFORNIA SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN MIMVI AND THE SHAREHOLDERS
PERTAINING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT. MIMVI EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY
ACTION OR PROCEEDING COMMENCED IN SUCH COURTS. FURTHER, MIMVI HEREBY WAIVES THE RIGHT TO ASSERT THE DEFENSE OF FORUM NON CONVENIENS
AND THE RIGHT TO CHALLENGE THE VENUE OF ANY COURT PROCEEDING COMMENCED PURSUANT TO THIS SECTION.

 

    	4

    	 

    

 

(h)          Attorneys'
Fees. In the event of any action for breach of, or otherwise in connection with, this Agreement, the prevailing party shall
be entitled reasonable attorneys' fees, costs and expenses, including the cost of arbitration, incurred in connection with such
action.

 

(i)          Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California, without regard
to the conflicts of law principles thereof.

 

(j)          Additional
Documents. The parties agree to sign all necessary documents and take all other actions necessary to carry out the provisions
of this Agreement.

 

[THE REMAINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK]

 

 

    	5

    	 

    

 

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

 

	"Shareholders"	 	/s/ Qayed
    Shareef
	 	 	Qayed Shareef
	 	 	Option Shares: 4,583,700
	 	 	 
	 	 	/s/ Morgan
    Family Trust
	 	 	Morgan Family Trust, dated February 1, 2000
	 	 	Option Shares: 458,150
	 	 	 
	 	 	/s/ Kim
    Reed Perell
	 	 	Kim Reed Perell
	 	 	Option Shares: 458,150
	 	 	 
	"Mimvi"	 	Mimvi, Inc., a Nevada corporation
	 	 	 
	 	 	By:	/s/ Kevin
    Conner
	 	 	Kevin
    Conner, Chief Financial Officer

 

    	 

    	 

    

 

SCHEDULE 1

 

PURCHASE PRICE ALLOCATION

 

Adaptive Media, Inc.

Purchase Price Allocation

 

	 	 	Asset Purchase	 
	 	 	Agreement	 
	Identifiable Assets	 	 	 	 
	Cash	 	$	86,201	 
	Accounts receivable	 	 	325,000	 
	Investments, at fair value	 	 	200,000	 
	Customer list	 	 	975,000	 
	Trade name, logo and trade secrets	 	 	300,000	 
	 	 	 	 	 
	Subtotal	 	$	1,886,201	 
	 	 	 	 	 
	Less: assumed liabilities	 	 	325,000	 
	 	 	 	 	 
	Total identifiable assets, net of assumed
    liabilities	 	$	1,561,201	 
	 	 	 	 	 
	Consideration Paid	 	 	 	 
	 	 	 	 	 
	Cash	 	$	500,000	 
	28,000,000 shares of common stock of Mimvi, Inc. (MIMV) - $.08 share	 	$	2,240,000	 
	 	 	 	 	 
	Total consideration paid	 	$	2,740,000	 
	 	 	 	 	 
	Less: Total identifiable assets, net of assumed
    liabilities	 	 	1,561,201	 
	 	 	 	 	 
	Goodwill	 	$	1,178,799EXECUTION VERSION

 

PUT AGREEMENT

 

THIS PUT AGREEMENT ("Agreement")
is entered into effective as of July 1, 2013, by and among Mimvi, Inc., a Nevada corporation
(“Mimvi”), Qayed Shareef, Morgan Family Trust, dated February 1, 2000 and Kim Reed Perell (each a “Shareholder”
and collectively, the “Shareholders”).

 

RECITALS:

 

A.           This
Agreement is being entered into pursuant to that certain Agreement and Plan of Merger dated concurrently herewith by and
among Mimvi, Adaptive Media, Inc., the Shareholders and certain other signatories thereto (the “Merger Agreement”).
Capitalized terms used in this Agreement and not otherwise defined herein shall have the respective meanings set forth in the Merger
Agreement.

 

B.           As
a result of the Merger, the Shareholders have received shares of Parent Stock.

 

C.           Mimvi
desires to grant, and the Shareholders desire to acquire, the option to put up to 5,500,000 shares of Parent Stock held by the
Shareolders as adjusted from time to time to reflect any stock splits, reverse splits, unit distributions and similar capital events
(the “Option Shares”) to Mimvi upon the terms and conditions as are hereinafter set forth.

 

AGREEMENT:

 

NOW, THEREFORE, in consideration
of the mutual covenants and promises contained in this Agreement, the parties agree as follows:

 

1.          Grant
of Put Option. Mimvi hereby grants to each Shareholder, and the Shareholders hereby accept and acquire from Mimvi, the right
to require Mimvi to purchase all or any portion of the Option Shares held by the Shareholders upon the terms and conditions hereinafter
set forth. The foregoing right of the Shareholders to require Mimvi to purchase the Option Shares is referred to hereinafter as
the "Put." The immediately preceding sentence notwithstanding, in the event that, on the Put Date, Mimvi does
not have and cannot reasonably obtain sufficient capital to purchase the Option Shares (the “Funding Contingency”),
the Shareholders shall not be permitted to exercise the Put provided that Mimvi notifies the Shareholders thereof and promptly
issues to each Shareholder additional shares of Parent Stock equal to ten percent (10%) of the number of the Option Shares held
by such Shareholder as of the date of such Put Date.

 

2.          Exercise
Price. The Put exercise price shall be $0.0909 per Option Share (the “Purchase Price per Share”), as adjusted
from time to time to reflect any stock splits, reverse splits, unit distributions and similar capital events.

 

    	1

    	 

    

 

3.           Term
of Put. The term of the Put ("Put Term") granted herein shall commence on November
1, 2013, and shall expire at 11:59 p.m. (PST) on December 31, 2013. Upon the expiration of the Put Term, unless the Put
granted herein has been timely and validly exercised in accordance with the provisions of Section 4 below, the Put and all of the
rights of the Shareholders to exercise the Put shall automatically cease and terminate and be of no further force or effect. However,
upon the occurrence of the Funding Contingency, the Put term shall automatically be extended until such time as Mimvi has sufficient
capital available to purchase the Option Shares on the terms set forth herein.

 

4.           Manner
of Exercise of Put.

 

(a)          The
Put granted herein may be exercised by the holders of at least a majority of the Option Shares (the “Requisite Holders”)
at any time during the Put Term by delivering written notice to Mimvi of their election to exercise the Put (“Put Notice”),
specifying therein the number of Option Shares to be put to Mimvi (the “Put Shares”) and the date on
which such put shall be effected (such date, the “Put Date”), provided
that if the Requisite Holders elect to Put less than all of the Option Shares, the Shareholders shall each put his or her Pro Rata
Share of the aggregate amount of Put Shares set forth in the Put Notice. If no Put Date is specified in a Put Notice, the Put Date
shall be the date that such Put Notice is deemed delivered hereunder. For purposes of this Agreement, “Pro Rata Share”
shall mean, with respect to a Shareholder, as of any date of determination, the percentage that Option Shares held by such Shareholder
as of such determination date bears with respect to the total amount of the Option Shares held by all Shareholders as of such determination
date.

 

(b)          Notwithstanding
the foregoing, upon the commencement, whether voluntary or involuntary, of a case under the laws of the United States, or any other
proceeding or action seeking reorganization, liquidation, dissolution or other relief under bankruptcy or insolvency statutes or
similar laws, or the appointment of a receiver, trustee or custodian for Mimvi or all or a material portion of Mimvi’s assets
or property, this Put shall be deemed exercised immediately prior thereto with respect to all Option Shares, without demand or
notice of any kind the Shareholders.

 

(c)          If
the Requisite Holders fail to timely and validly exercise the Put in accordance with the requirements of subsection 4(a) above,
then the Put created by this Agreement shall automatically terminate and be of no further force or effect.

 

(d)          Upon
the timely and valid exercise of the Put granted herein, the obligation of Mimvi to purchase and acquire the Put Shares shall be
expressly irrevocable and non-contingent, and the obligation of the Shareholders to sell and transfer the Put Shares to Mimvi shall
be expressly irrevocable and non-contingent.

 

5.           Terms
of Purchase and Sale.

 

(a)          Upon
the timely and valid exercise of the Put by the Requisite Holders in accordance with Section 4 above, this Agreement shall constitute
an agreement of purchase and sale pursuant to which the Shareholders agree absolutely and unconditionally to sell, transfer, assign,
convey and deliver to Mimvi (“Transfer”), and Mimvi agrees to absolutely and unconditionally purchase and acquire
from the Shareholders, the Put Shares for the Purchase Price per Share. Upon the Transfer of the Put Shares pursuant to the terms
of this Agreement, each Shareholder shall transfer and warrant good and marketable title and interest in and to his or her respective
Put Shares and shall convey all such Put Shares to Mimvi free and clear of all Liens.

 

    	2

    	 

    

 

(b)          The
closing ("Closing") for the Transfer of the Put Shares from the Shareholders to Mimvi contemplated herein shall
be held at the principal office of Mimvi, on or before the date (the "Closing Date") that is five (5) days following
the Put Date. At the Closing, the parties hereto shall execute, acknowledge, verify and deliver any and all documents and/or agreements
reasonably necessary to effectuate the transfer of the Put Shares to Mimvi, including delivery of certificates representing the
Put Shares and Mimvi shall pay to each Shareholder an amount equal to (x) such Shareholder’s Put Shares multiplied by (y)
the Purchase Price per Share. All payments due hereunder shall be paid in lawful money of the United States of America which shall
be legal tender in payment of all debts and dues, public and private, in immediately available funds, without offset, deduction,
or recoupment. Any payment by check or draft shall be subject to the condition that any receipt issued therefore shall be ineffective
unless the amount due is actually received by the Shareholder.

 

6.          Obligation
Absolute. Mimvi’s obligations to purchase the Put Shares in accordance with the terms hereof are absolute and unconditional,
irrespective of any action or inaction by the Shareholders to enforce the same, any waiver or consent with respect to any provision
hereof, the recovery of any judgment against any person or any action to enforce the same, or any setoff counterclaim, recoupment,
limitation or termination, or any breach or alleged breach by the Shareholders or any other person of any obligation to Mimvi or
any violation or alleged violation of law by the Shareholders or any other person, and irrespective of any other circumstance which
might otherwise limit such obligation of Mimvi to the Shareholders in connection with the purchase of such Put Shares. Nothing
herein shall limit the right of the Shareholders, acting pursuant to the agreement of the Requisite Holders to pursue actual damages
for Mimvi’s failure to purchase the Put Shares within the period specified herein and the Requisite Holders shall have the
right to pursue all remedies available to the Shareholders hereunder, at law or in equity including, without limitation, a decree
of specific performance and/or injunctive relief.

 

7.          Representations
and Warranties. Each party hereto hereby represents and warrants that (a) they have the full power and authority to enter into
this Agreement, to transfer the Option Shares to Mimvi on the terms and conditions contained herein and to perform all of their
respective obligations hereunder, (b) that the execution, delivery and performance by each party of their respective obligations
hereunder will not violate or constitute an event of default under any other agreement, document or instrument to which such party
is a party or by which such party is bound, and (c) the Put Shares to be conveyed to Mimvi pursuant to this Agreement is and shall
continue to be free and clear of any Lien. The representations and warranties set forth above in this Section 7 shall survive the
execution and delivery of this Agreement and the transfer of the Put Shares contemplated herein, and shall be true and correct
as of the date of this Agreement, and deemed to have been remade as of each Closing Date.

 

8.          Optional
Termination Right. The Requisite Holders may, but shall not be obligated to, elect to terminate this Agreement at any time
between the date hereof and the expiration of the Put Term and receive from Mimvi additional shares of Parent Stock equal to ten
percent (10%) of the number of remaining Option Shares covered by this Agreement as of the date of termination (the “Termination
Shares”). The Requisite Holders may elect to terminate this Agreement by delivering a written notice to Mimvi specifying
therein the date on which such termination shall be effective, provided that if no termination date is specified, the termination
date shall be the date that such notice is deemed delivered hereunder. Promptly after the effective date of termination, Mimvi
shall issue to each Shareholder certificates representing his or her respective Pro Rata Share of the Termination Shares.

 

    	3

    	 

    

 

9.           Miscellaneous.

 

(a)          Notices.
All notices required or permitted to be given under this Agreement shall be given in writing and shall be deemed to have been duly
given when personally delivered or, if earlier, when received after mailing by registered or certified United States mail, postage
prepaid, with return receipt requested. Notice to any party to this Agreement is valid if sent to him at such party's address as
it appears in Mimvi’s records. Any party to this Agreement shall have the right, from time to time, to specify as its address
for purposes of this Agreement any other address upon giving fifteen (15) days notice thereof to the other party.

 

(b)          Integration,
No Oral Modification. This Agreement constitutes the entire agreement of the parties and supersedes all prior or contemporaneous
oral and written agreements of the parties relating to the subject matter hereof. No amendment, modification, or other alteration
to the terms of this Agreement shall be effective, unless made in writing and signed by the parties.

 

(c)          Assignment.
This Agreement is personal in nature and neither party may assign its rights or delegate the performance of its duties under this
Agreement without the prior written consent of the other. Any purported assignment without such consent shall be void and of no
force or effect.

 

(d)          Agreement
Binds Successors. This Agreement shall be binding upon and shall inure to the benefit of the parties and, to the extent permitted
by this Agreement or applicable law, their respective heirs, legal representatives, successors, and assigns.

 

(e)          Captions.
The captions in this Agreement are for convenient reference only and shall have no legal effect.

 

(f)          Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and need not be signed
by more than one of the parties hereto and all of which together shall constitute one and the same agreement.

 

(g)          Jurisdiction
and Venue. MIMVI AND THE SHAREHOLDERS HEREBY AGREE THAT ANY FEDERAL COURT IN THE STATE OF CALIFORNIA OR ANY STATE COURT LOCATED
THE STATE OF CALIFORNIA SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN MIMVI AND THE SHAREHOLDERS
PERTAINING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT. MIMVI EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY
ACTION OR PROCEEDING COMMENCED IN SUCH COURTS. FURTHER, MIMVI HEREBY WAIVES THE RIGHT TO ASSERT THE DEFENSE OF FORUM NON CONVENIENS
AND THE RIGHT TO CHALLENGE THE VENUE OF ANY COURT PROCEEDING COMMENCED PURSUANT TO THIS SECTION.

 

    	4

    	 

    

 

(h)          Attorneys'
Fees. In the event of any action for breach of, or otherwise in connection with, this Agreement, the prevailing party shall
be entitled reasonable attorneys' fees, costs and expenses, including the cost of arbitration, incurred in connection with such
action.

 

(i)          Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California, without regard
to the conflicts of law principles thereof.

 

(j)          Additional
Documents. The parties agree to sign all necessary documents and take all other actions necessary to carry out the provisions
of this Agreement.

 

[THE REMAINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK]

 

 

    	5

    	 

    

 

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

 

	"Shareholders"	 	/s/ Qayed
    Shareef
	 	 	Qayed Shareef
	 	 	Option Shares: 4,583,700
	 	 	 
	 	 	/s/ Morgan
    Family Trust
	 	 	Morgan Family Trust, dated February 1, 2000
	 	 	Option Shares: 458,150
	 	 	 
	 	 	/s/ Kim
    Reed Perell
	 	 	Kim Reed Perell
	 	 	Option Shares: 458,150
	 	 	 
	"Mimvi"	 	Mimvi, Inc., a Nevada corporation
	 	 	 
	 	 	By:	/s/ Kevin
    Conner
	 	 	Kevin
    Conner, Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]