Document:

EXHIBIT 10.4

 

 

 

2012-12-21

GG-459-12

 

Mr. Pedro P. Quiros

President - Board of Directors

Versant Corporation

Edificio Las Terrazas, Plaza Roble, 5° Piso

Guachipelín

San José, Costa Rica

 

	RE:	V TRES BACHE SRL Eolic Project
	 	La Cruz, Guanacaste, de 37.5 MW

 

Dear Engineer Quirós:

 

With
regard to the subject matter in reference, Compañía Nacional de Fuerza y Luz (CNFL) continues with its interest
in a power purchase agreement with Versant Corporation (Versant).

 

Versant
has offered at least 137.5 GWh per year in wind energy and CNFL accepts said energy from your proposed 37.5 MW park in La Cruz,
Guanacaste.

 

As
discussed, the wind energy price offered by Versant is within the accepted range as established by the appropriate authorities
and approved by ARESEP. Versant commits to all the required investments, professional studies, permits and the operation and maintenance
of this park and agrees that these are fully Versant’s responsibility.

 

Due
to the pending resolution by CGN on an appeal over wind energy tariffs, unrelated to our contractual understanding and specific
to a tender by our holding company (Grupo ICE), we have been asked to hold the signature of the PPA with Versant until this matter
is resolved. We hope to sign the contract with you at the earliest possible moment (sometime in the first quarter of 2013).

 

We
hope that this unexpected delay will be resolved shortly, and that is does not become a delay in your fund raising for this project.

 

Sincerely,

 

	/s/ Pablo Cob	 
	Pablo Cob	 
	General Manager	 

  

Gerencia
General

Teléfonos: 2295-5021 - 2295-1921 / Fax:
2221-4601 / Apdo. 10026 - 1000 San José, Costa Rica

Correo E: gerenciageneral@cnfl.go.cr

 

    	 

    	 

    

 

 

 

2012-12-21

GG-459-12

 

Sr. Pedro P. Quiros

Presidente de Junta Directiva

Vertiente Corporation

Edificio Las Terrazas, Plaza Roble, 5 ° Piso

Guachipelín 

San José, Costa Rica

 

	RE:	V TRES BACHE SRL eólica proyecto
	 	La Cruz, Guanacaste, de 37.5 MW

 

Estimado Ingeniero Quirós:

 

En
relación con el, tema en referencia, Compañía Nacional de Fuerza y Luz (CNFL) continúa con su interés
en un acuerdo de compra de energía con la vertiente Corporation (vertiente).

 

Vertiente
ha ofrecido al menos 137.5 GWh al año en energía eólica y CNFL acepta dicha energía desde su propuesta
Parque de 37.5 MW en La Cruz, Guanacaste.

 

Como
hemos comentado, el precio de la energía de viento ofrecido por la vertiente está dentro del rango aceptado según
lo establecido por las autoridades competentes y aprobado por la ARESEP. Vertiente se compromete a todas las inversiones necesarias,
estudios profesionales, permisos y la operación y mantenimiento de este parque y está de acuerdo en que estos son
totalmente responsabilidad de vertiente.

 

Debido
a la resolución pendiente por CGN en una apelación sobre energía eólica aranceles, ajenas a nuestro
entendimiento contractual y específicos de una licitación por nuestra empresa (Grupo ICE), nos ha pedido para celebrar
la firma de la PPA con vertiente hasta que se resuelva este asunto. Esperamos firmar el contrato con usted lo antes posible (en
el primer trimestre de 2013).

 

Esperamos
que este inesperado retraso se resolverá en poco tiempo, y que esto no se convierta en un retraso en su recaudación
de fondos para este proyecto.

 

Sinceramente,

 

	/s/ Pablo Cob	 
	Pablo Cob	 
	Gerente General	 

 

Gerencia
General

Teléfonos:
2295-5021 - 2295-1921 / Fax: 2221-4601 / Apdo. 10026 -1000 San José, Costa Rica

Correo E: gerenciageneral@cnfl.go.crExhibit 10.5

  

	 
	
	 
	May 1, 2012

 

Mr. Jose P. Quiros

President, Managing Director

Versant Corporation

10 Boulder Crescent, Suite #102

Colorado Springs, CO 80903

Fax No. 719-302-0632/Telephone No. 719-219-5797

 

	Re:      	WIND ENERGY TURBINES PROJECT - Costa Rica
	                	Project Letter of Interest No. LI087104XX
	 	Expiry No.: November 14, 2012

 

Dear
Mr. Quiros:

 

In response to your letter dated
April 23, 2012, Ex-Im Bank is very interested in participating in the financing for this transaction, subject to receipt of the
necessary application materials, and a favorable detailed analysis of the project and its financing structure.

 

We
understand that you propose to engineer and build a project named Wind Energy Turbines in Costa Rica. This indication assumes
the project will be structured on a limited recourse project finance basis where repayment to the lenders will be dependent on
the financial viability of the project. Total project cost is estimated to be $78,000,000 and total U.S. content is estimated to
be $60,000,000.

 

Indicative Ex-Im Bank terms and
conditions are as follows:

 

(1) Maximum
OECD Coverage. Ex-Im Bank is willing to consider providing the maximum coverage allowed under the OECD Arrangement on Export
Credits. Such coverage could consist of a loan or guarantee of a commercial bank loan for up to 85 percent of the eligible U.S.
costs; the allowance of up to 15 percent foreign content incorporated into the U.S. equipment; support of local costs up to 30
percent of the U.S. contract; a repayment profile, grace period, and repayment term in accordance with new OECD Guidelines; capitalization
of interest during construction; and comprehensive or political coverage during construction. Subject
to acceptable debt-equity ratios and other metrics traditional in limited recourse financings, Ex-Im Bank will support the
maximum amount of U.S. content requested by the applicant.

 

(2) Interest
Rates. Ex-Im Bank would provide direct loan and guarantee options, as requested. Under the direct loan option Ex-Im Bank would
provide the Commercial Interest Reference Rate (CIRR) at the time of first disbursement. The current CIRR rate for this transaction’s
maximum potential tenor, which is subject to change on the 15th of each month, is 3.37 percent per annum through May 14, 2012.

	 
	 
	811
    VERMONT AVENUE, N.W.   WASHINGTON,
    D.C. 20571

  

    	 

    	 

    

 

(3) Commitment
Fee. Ex-Im Bank’s commitment fees range from 1/8 to 3/4 of a percent, depending upon coverage and options requested.

 

(4) Exposure
Fee. Ex-Im Bank’s exposure fee for this transaction will be based on a project specific evaluation that cannot be determined
until our full project evaluation is performed. To obtain an indicative exposure fee, please follow the steps outlined in the attached
fee fact sheet or on the web at http://www.exim.gov/products/guarantee/proj_finance _fees.html.

 

(5) Currency. The direct loan
will be provided in U.S. dollars. The guarantee may provide for U.S. dollar loans or for loans in other currencies acceptable to
Ex-Im Bank.

 

(6) Adverse
Economic Impact. Ex-Im Bank is prohibited by statute from extending support for transactions that
yield a net negative impact on the U.S. economy. To determine whether a transaction is likely to yield a net negative impact
on the U.S. economy, Ex-Im Bank subjects applications for preliminary and final commitments to the Economic Impact procedures outlined
at http://www.exim.gov/products/policies/econ_ impact_proc_html.

 

(7) Other
Legal Prohibitions. As an agency of the U.S. government, Ex-Im Bank is subject to requirements that may prohibit it from supporting
otherwise creditworthy transactions. We are not aware at this time of any other policies that may affect our ability to support
the transaction. Please note, however, that despite issuance of this Letter of Interest, Ex-Im Bank’s support of the transaction
will still be subject to all of Ex-Im Bank’s legal requirements in effect at that time. If you have any questions about the
legal status of the transaction, please contact Ex-Im Bank.

 

I am pleased to advise you that
Ex-Im Bank is prepared to develop a financing offer on the basis of these elements upon receipt and favorable evaluation of the
financing application. However, this Letter of Interest does not, in and of itself, constitute a commitment. Only Ex-Im Bank’s
Board of Directors can authorize a final commitment for a project financing.

 

Further information on Ex-Im
Bank’s project finance application process, lending criteria, and application information requirements are included in the
attached Fact Sheets — Ex-lm Bank’s Approach to Project Finance, Ex-Im Bank’s Flexibility for Project
Finance Transactions, Ex-Im Bank’s Fees for Project Finance and Project Finance-Eligibility of Costs.

 

We look forward to working with
Versant Corporation on this project. Thank you for your interest in working with the Structured Finance Division at Ex-Im Bank.

 

	 	Sincerely,	 
	 	 	 
	 	/s/
    John L. Schuster	 
	 	John L. Schuster	 
	 	Vice President	 
	 	Structured FinanceJuly 25, 2013	 

  

Mr. H. Thomas Tadayon

Chief Executive Officer

Tech Hollywood Studios Corp.

8560 W. Sunset Blvd, 5th Floor

West Hollywood, California 90069

 

Re: Mutual Termination of Letter of Intent

 

Dear Thomas:

 

Reference is made to
the letter of intent (“Letter of Intent”) executed by Bitzio, Inc. (“Bitzio”) and Tech Hollywood Studios
Corp. (“Tech Hollywood”) dated May 10, 2013 and amended on May 23, 2013 and June 4, 2013, related to the “Definitive
Letter of Intent to Acquire Tech Hollywood Studios Corp (“Transaction”). It is understood that both parties made best
efforts to complete said Transaction and were not successful.

 

The parties to the Letter
of Intent hereby agree to mutually terminate the Letter of Intent as of the date set forth above. All rights of the parties surviving
termination shall apply as if the Letter of Intent were terminated pursuant to any such termination provision in the Letter of
Intent.

 

In
consideration for the obligations set forth in this Release, and except for the rights, interests and obligations created by
this Release, Bitzio, on the one part, and Tech Hollywood, on the other part, do hereby fully release and forever discharge
each other, as well as their respective insurers, successors, predecessors, heirs, attorneys, bankers, assigns, accountants,
partners, employees, spouses, families, officers, directors, managers, members, representative, agents, affiliates,
(collectively “Beneficiaries”) from any and all rights and duties and all claims, demands and causes of action,
including but not limited to all claims for attorneys’ fees, damages, liabilities, accounts, accountings, reckonings,
obligations, guarantees, costs, expenses, liens, actions, controversies, and contracts of every kind and nature whatsoever,
whether now known or unknown, suspected or unsuspected (collectively “Claims”), which Bitzio and Tech Hollywood,
their legal successors and/or assigns may now have, own or hold or which at any time heretofore any of them may ever have
had, owned or held, or could, shall or may hereafter have, own or hold against the other party and/or the other
parties’ Beneficiaries through the date of this Release. From and after the date of this Release, neither Bitzio nor
Tech Hollywood, nor their predecessors, successors or assigns, shall have any Claims of any kind or nature against each
other, or the other parties’ Beneficiaries, directly or indirectly, with respect to any matter, cause, fact, thing, act
or omission existing, done or omitted to be done, or services performed, at any time whatsoever to and including the date
hereof, other than to enforce the terms of this Termination.

 

CONFIDENTIAL

 

    	 

    	 

    

Please countersign and
date this termination letter in the space provided below and returning it to the undersigned immediately.

 

	BITZIO, INC.	 	TECH HOLLYWOOD STUDIOS CORP.
	 	 	 	 	 
	By:	 	 	By:	 
	 	Peter Henricsson, CEO	 	 	H. Thomas Tadayon, CEO
	 	 	 	 	 
	Date
    Signed:                        	 	Date
    Signed:                       

 

CONFIDENTIAL

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