Document:

Exhibit 10.3

 

INTELLECTUAL PROPERTY SALE AGREEMENT

 

 

This Intellectual Property Sale Agreement (the "Agreement")
is made and effective 26TH OF FEBRUARY 2013.

 

	BETWEEN:		HARBOURSAFE HOLDINGS (the "Seller"), a corporation organized and
existing under the laws of the NSW AUSTRALIA, with its head office located at:

Cnr Lime & Cuthbert Streets, King Street Wharf Sydney NSW
2000

Boxes 9-11, 26a Lime Street King Street Wharf Sydney NSW 2000

 

 

	AND:		BANJO & MATILDA (the "Buyer") , a corporation organized and existing
under the laws of the NSW AUSTRALIA with its head office located at

76 William Street Paddington NSW Australia 2021

 

WHEREAS, Seller is the owner of certain Intellectual Property
identified in detail in Schedule A and Schedule B attached to this Agreement; and

 

WHEREAS, Buyer, wishes to irrevocably acquire the entire rights,
title, and interest in the identified Intellectual Property and exploit such property.

 

NOW, the parties intent to be legally bound and agree as follows:

 

 

1. definitions

 

"Designs" means any designs developed and owned
by the Seller including but not limited to sketches, CAD designs, photographic archives, physical samples, tech packs, design specifications,
patterns, and artwork owned by Seller and sold to the Buyer, related to clothing designs developed for the Buyer including, without
limitation, all Intellectual property Rights and Technical Information.

 

"Intellectual Property Rights"
means all Patents, Trade Marks, Copyrights, System Designs, and other intellectual property rights whether registered or not,
owned by Seller and sold to the Buyer, relating to the Intellectual Property described in Schedule A.

 

"Documents" includes all information fixed
in any tangible medium of expression in whatever form or format, and copies thereof.

 

"Technical Information" means all know-how
and related technical knowledge of the Seller, relating to the Intellectual Property described in Schedule A including, without
limitation:

 

(a) All trade secrets and other proprietary know-how, public
information, non-proprietary know-how and invention disclosures;

 

(b)
Any information of a technical or business nature regardless of its form;

 

    	1

    	 

    

 

(c) All documented research, developmental, demonstration or
engineering work;

 

(d) All information that can be or is used to define a design
or process or procedure, produce, support or operate material and equipment;

 

(e) All other drawings, blueprints, patterns, plans, flow charts,
equipment, parts lists, software and procedures, specifications, formulas, designs, technical data, descriptions, related instructions,
manuals, records and procedures.

 

2. sale and Assignment of intellectual property

 

Seller hereby irrevocably sells and transfers to Buyer all rights,
title, and interest (including but not limited to, all registration rights, all rights to prepare derivative works, all goodwill
and all other rights), in and to the Intellectual Property.

 

3. Consideration

 

In consideration for the sale of rights
and assignment set forth in Article 2, Buyer shall pay Seller the sum of $700,000 plus GST credited to the Buyers Harboursafe Shareholder
Loan account no later than June 30 2013 after this Agreement becomes effective.

 

4.Representations and Warranties

 

Seller represents and warrants to Buyer:

 

(a)Seller has the right, power and authority to enter into
this Agreement;

 

(b)Seller is the exclusive owners of all right, title and
interest in the Technology free of any security interest, charge or encumbrance;

 

(c) Seller warrants that all documents, computer records,
disks and other materials of any nature of kind containing the Technology or any portion thereof have been turned over to Buyer,
and that Seller will not retain the Technology, or any portion thereof, in any form whatsoever after the closing of the within
transaction except as specifically permitted hereunder;

 

(d) The Intellectual Property does not infringe the rights
of any person or entity;

 

(e) There are no claims, pending or threatened, with respect
to Seller's rights in the Intellectual Property;

 

(f) This Agreement is valid, binding and enforceable in
accordance with its terms;

 

(g) Seller is not subject to any agreement, judgment or
order inconsistent with the terms of this Agreement.

 

5. Attorney's Fees

 

Should either party hereto, or any heir, personal representative,
successor or assign of either party hereto, resort to litigation to enforce this Agreement, the party prevailing in such litigation
shall be entitled, in addition to such other relief as may be granted, to recover its or their reasonable attorneys' fees and costs
in such litigation from the party against whom enforcement was sought.

 

    	2

    	 

    

 

6. Entire Agreement

 

This Agreement, contains the entire understanding
and agreement between the parties hereto with respect to its subject matter and supersedes any prior or contemporaneous written
or oral agreements, representations or warranties between them respecting the subject matter hereof.

 

7. Amendment

 

This Agreement may be amended only by a writing signed by both
parties.

 

8. Severability

 

If any term, provision, covenant or condition of this Agreement,
or the application thereof to any person, place or circumstance, shall be held by a court of competent jurisdiction to be invalid,
unenforceable or void, the remainder of this Agreement and such term, provision, covenant or condition as applied to other persons,
places and circumstances shall remain in full force and effect.

 

9. no Waiver

 

No waiver of a breach, failure of any condition, or any right
or remedy contained in or granted by the provisions of this Agreement shall be effective unless it is in writing and signed by
the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy, whether or not similar,
nor shall any waiver constitute a continuing waiver unless the writing so specifies.

 

10. Agreement to Perform Necessary Acts

 

Buyer agrees to perform any further acts and execute and deliver
any documents that may be reasonably necessary to carry out the provisions of this Agreement.

 

11. Representation on Authority of Parties/Signatories

 

Each person signing this Agreement represents and warrants that
he or she is duly authorized and has legal capacity to execute and deliver this Agreement. Each party represents and warrants to
the other that the execution and delivery of the Agreement and the performance of such party's obligations hereunder have been
duly authorized and that the Agreement is a valid and legal agreement binding on such party and enforceable in accordance with
its terms.

 

12. Headings

 

The headings in this Agreement are included
for convenience only and shall neither affect the construction or interpretation of any provision in this Agreement nor affect
any of the rights or obligations of the parties to this Agreement.

 

    	3

    	 

    

 

13. Survival

 

Except as otherwise expressly provided in this Agreement, representations,
warranties, and covenants contained in this Agreement, or in any instrument, certificate, exhibit, or other writing intended by
the parties to be a part of this Agreement, shall survive for [number] years after the date of this Agreement.

 

14. Ambiguities

 

Each party and its counsel have participated fully in the review
and revision of this Agreement. Any rule of construction to the effect that ambiguities are to be resolved against the drafting
party shall not apply in interpreting this Agreement. The language in this Agreement shall be interpreted as to its fair meaning
and not strictly for or against any party.

 

15. Governing Law

 

This Agreement shall be construed in accordance with, and all
actions arising hereunder shall be governed by, the laws of the NSW Australia.

 

IN WITNESS  WHEREOF, the parties have executed this
Agreement on January 11, 2013 in NSW Australia with full knowledge of its content and significance and intending to be legally
bound by the terms hereof.

 

 

 

 

    	4Exhibit 10.4

 

 

 

 LOAN FACILITY AGREEMENT

 

 

LOAN FACILITY AGREEMENT

 

 

This Loan Facility Agreement ("Agreement")
is made and effective the 1st of July 2013

 

 

	BETWEEN:		HARBOURSAFE
                                                                                   HOLDINGS, BRENDAN MACPHERSON, BELINDA STORELLI
                                                                                   (the "Lender"), a stockholder
                                                                                   of BANJO & MATILDA PTY LTD having [his/her]
                                                                                   main residence located at:

263 MILITARY ROAD

VAUCLUSE NSW 2030 AUSTRALIA

POSTAL: PO BOX 3438 TAMARAMA NSW 2026

 

 

	AND:		BANJO &
                                                                               MATILDA PTY LTO AND THE BANJO & MATILDA TRUST
                                                                               (the "Borrower''), a corporation organized
                                                                               and existing under the laws of the NSW] of AUSTRALIA,
                                                                               with its head office located at:

76 WILLIAM ST

PADDINGTON NSW 2021 AUSTRALIA

POST: PO BOX 3438 TAMARAMA NSW 2026

 

 

RECITALS

 

WHEREAS, Borrower desires to obtain a loan
facility from Lender a loan in the principal amount of AU$1,016,625 (the "Loan"); and

 

WHEREAS, Lender is a stockholder owns 100%
of the shares in BANJO & MATILDA PTY LTD (trustee for the BANJO & MATILDA TRUST) and, Lender desires to grant Borrower
the Loan to provide a working capital line of credit.

 

WHEREAS, Borrower's obligation to repay
the Loan shall be evidenced by a promissory note substantially in the form attached as Exhibit A hereto (the "Note").
Borrower shall execute and deliver to Lender the Note concurrently with execution and delivery of this Agreement.

 

NOW, THEREFORE, in consideration of the
terms and conditions herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

PROMISE TO PAY

 

The Borrower promises to pay to Lender the sum of AU$1,016,625
and interest and other charges as part of this Agreement by June 30 2014 (the "Repayment Date").

 

CONVERSION

 

Conversion rights of Lender

 

	1.1		The Lender may convert all or any of its Loan into Ordinary Shares at any time and
at a date prior to the Repayment Date by giving a Conversion Notice to the Borrower. Conversion Notice may not be given when the
date of the conversion could be after the Repayment Date.

 

 

PO BOX 3438 TAMARAMA NSW 2026 AUSTRALIA

    	1

    	 

    

 

 

 

	1.2		A Conversion Notice requires the Borrower to convert the outstanding Loan balance
including all Interest and any charges into shares in the Borrower at a discount of 10% to last 30 days average share price if
publicly quoted; or at the fair market value as determined by an independent valuer.

 

Allotment, quotation and ranking of shares

 

	1.3		Each Ordinary Share issued upon conversion of will have all of the following features:

 

	1.3.1		Be allotted within 15 business days after the Conversion Date.

 

	1.3.2		Be fully paid up.

 

	1.3.3		Rank pari passu with the existing Ordinary Shares.

 

Promptly after each allotment the Borrower will issue a share
certificate to the Lender in the same manner as notices are to be given to it, unless the Borrower is participating in a share
transfer scheme under which the ownership of shares is recorded without certificates, in which case, at the request of an Lender,
the Borrower may not issue a certificate for the Ordinary Shares allotted to that member.

 

INTEREST

 

	1.4		Interest must be paid by the Borrower from JULY 1 2013 until (and including) the following
times:

 

	(a)		Where all or part of the Loan is not converted to shares per 1.1, 1.2, 1.3, the date
on which it is repaid.

 

	(a)		Where all or part of the Loan is converted, the date which it is converted

 

	1.5		The amount of interest payable in any period under this document will accrue daily
and will be calculated at 3% annually on the outstanding balance of the Loan amount for the number of days in that period.

 

Time and manner of payment

 

	1.6		Interest must be paid on or by the Repayment Date.

 

	1.7		All accrued interest must be paid upon the conversion or repayment of the Loan

 

 

REPAYMENT

 

Obligations on Repayment Date

 

	1.8		On the Repayment Date the Borrower must pay to the Lender the Loan and all accrued
interest which have not previously been converted.

 

Obligations cease

 

	1.9		Upon the payment of all amounts owing to the Lender the obligations of the Borrower
in respect of the Convertible Notes shall be extinguished.

 

	1.10		The Lender may request early repayment prior to the Repayment Date of up to AU$100,000
by giving 60 days notice to the Borrower (“At Call Funds”).

 

PO BOX 3438 TAMARAMA NSW 2026 AUSTRALIA

    	2

    	 

    

 

 

 

	1.11		Repayment of At Call Funds is subject to all interest, charges and conversion rights
under this Agreement.

 

LATE CHARGE

 

	1.12		Any amount which is outstanding beyond the repayment date of June 30 2014 shall be
subject to a late charge equivalent to 15% annually, calculated daily.

 

SECURITY

 

	1.13		To protect Lender, Borrower gives what is known as a security interest or mortgage
in the Intellectual Property of the Borrower including, but not limited to all brand names, logos, garment designs, imagery, web
site code and web sites, data bases including online and wholesale customers.

 

DEFAULT

 

	1.14		If for any reason Borrower fails to make any payment on time, the Borrower shall be
in default. The Lender can then demand immediate payment of the entire remaining unpaid balance of this Loan, without giving anyone
further notice.

 

	1.15		If the Borrower cannot or does not pay the amount due to the Borrower per clause 1.12,
then the Borrower may request the immediate transfer of the named Intellectual Property to the Lender, and the Borrower must transfer
the Intellectual property within 5 business days.

 

RIGHT OF OFFSET

 

	1.16		If this Loan becomes past due, the Lender will have the right to pay this Loan from
any deposit or security Borrower has with Lender without further notice.

 

IN
WITNESS WHEREOF, the undersigned has caused this Loan Agreement to be duly executed as of the date first written below.

 

 

 

PO BOX 3438 TAMARAMA NSW 2026 AUSTRALIA

    	3

    

 

 

 

PROMISSORY NOTE

 

 

This Promissory Note (the "Note") is made and effective
the July 1, 2013.

 

 

	BETWEEN:		HARBOURSAFE HOLDINGS (the "Lender"), a stockholder of BANJO &
MATILDA having [his/her] main residence located at:

263 MILITARY ROAD

VAUCLUSE NSW 2030 AUSTRALIA

POSTAL: PO BOX 3438 TAMARAMA NSW 2026

 

 

	AND:		BANJO & MATILDA (the "Borrower"), a corporation organized and
existing under the laws of the NSW of AUSTRALIA with its head office located at:

76 WILLIAM ST

PADDINGTON NSW 2021 AUSTRALIA

POST: PO BOX 3438 TAMARAMA NSW 2026

 

 

 

TERMS

 

	1.		FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender the principal
sum outstanding of the Loan as at June 30 2014 together with all charges and Interest herein provided, payable at the rate and
in the manner hereinafter set forth:

 

	2.		Borrower shall pay all amounts due under this Note, including principal, interest
and other charges due and payable in full on or before the Repayment Date of 30th of June 2014. Time is of the essence of the
payment obligations hereunder.

 

	3.		This Note is and will be secured by a first priority interest in certain tangible
and intangible property of the Borrower. All of the terms, covenants, Conditions, representations and warranties contained in
the Agreement are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein.

 

	4.		If the Borrower becomes insolvent then the Note sum outstanding will become immediately
due and payable. If the outstanding sum is not paid within 30 days of such insolvency event, then the Borrower has the right to
transfer and take possession of the Security tangible and intangible assets as defined in Clause 1.11, 1.12, and 1.13.

 

	5.		If all or any portion of any payment due hereunder is not received by the Lender within
30 calendar days after the date when such payment is due, the Borrower shall pay a late charge equal to 15% per annum, calculated
daily, and payable weekly. Such late charge to be immediately due and payable without demand by Lender.

 

	6.		If any payment under this Note is not paid in full on or before the Repayment Date,
or should default be made in the performance or observation of any of the terms, covenants, or condition contained in the Loan
Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note
shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and
all other charges due hereunder, shall, at Lender's option, immediately become due and payable, Without further notice, the giving
of such notice being expressly waived by the Borrower. Lender may exercise this option to accelerate during any default by the
Borrower, regardless of any prior forbearance. In the event of any such default, and if the same is referred to an attorney-at-law
for collection, or if any action at law or in equity is brought with respect hereto, Borrower shall pay to Lender, in addition
to all other charges required pursuant to the terms hereof or pursuant to the terms of the Loan Documents, all costs and expenses
of the Lender. From and after the Repayment date, or during default, if such default should occur prior to the Repayment Date,
the outstanding principal amount hereunder and accrued interest and other charges shall bear interest at the highest rate allowed
by law.

 

 

PO BOX 3438 TAMARAMA
NSW 2026 AUSTRALIA

 

    	4

    	 

    

 

 

	7.		From time to time, without affecting the joint and several obligations of all makers,
sureties, guarantors and endorsers hereof, and their respective successors and assigns, (I) to pay the outstanding principal balance
herein and accrued interest thereon, (ii) to observe the covenants contained herein, (iii) to observe the terms, covenants and
conditions of the Loan Documents or any instrument govern to secure the performance hereof, and without giving notice to or obtaining
the consent of any maker, surety, guarantor or endorser hereof or their successors or assigns, and without liability on the part
of the holder hereof, the holder hereof may, at its option, extend the time for payment or any part thereof, release anyone liable
for payment herein, renew this note, modify the terms or times for payment herein ,join in any extension of subordination hereof,
release any security given here fore, take or release additional security, modify the rate of interest herein or agree in writing
with the undersigned to modify the terms, covenants and conditions of any instrument given to secure performance hereof.

 

	8.		ANY RIGHT OF TRIAL BY JURY, PRESENTMENT, NOTICE OF DISHONOR, AND PROTEST ARE HEREBY
WAIVED BY ALL MAKERS, SURETIES, GUARANTORS AND ENDORSERS HEREOF. This Note shall be the joint and several obligations of all makers,
sureties, guarantors, and endorsers hereof and shall be binding upon them and their respective heirs, executors, administers,
successors and assigns.

 

	9.		Borrower shall pay the costs of all documentary, revenue, tax or other stamps now
or hereafter required by any law at any time to be affixed to or which are otherwise made necessary as a result of this Note or
any of the Loan Documents, and if any taxes be imposed with respect to debts secured by mortgages and or deeds of trust with respect
to notes evidencing debts so secured, Borrower agrees to pay to Lender the full amount of any such taxes, and hereby waives any
contrary provisions if any laws of rules of court now or hereafter in effect.

 

	10.		Lender and Borrower intend that the relationship created and evidenced by this Note
and the Loan Documents shall be solely that of debtor and creditor nothing in this Note shall be construed as creating a joint
venture, partnership. tenancy in common, or joint tenancy between Lender and Borrower

 

	11.		The remedies of this Note are cumulative and concurrent and may be pursued singularly
or successively together, at the sole discretion of the holder, and may be exercised as often as occasion therefore shall occur.
The waiver by Lender or failure to enforce any term, covenant or condition of this Note or to declare any default hereunder, shall
not operate as a waiver of any subsequent default or affect the right of the holder to exercise any right or remedy not expressly
waived in writing by the holder.

 

	12.		The unenforceability or invalidity of any one or more provisions of this Note shall
not render any other provision herein contained unenforceable or invalid. This note and all of the Loan Documents shall be construed
under the laws of the [State/Province] of [STATE/PROVINCE.

 

 

 

PO BOX 3438 TAMARAMA NSW 2026 AUSTRALIA

    	5

    	 

    

 

 

 

 

IN WITNESS WHEREOF, the undersigned has caused this
Promissory Note to be duly executed as of the date first written below.

 

 

 

PO BOX 3438 TAMARAMA NSW 2026 AUSTRALIA

 

    	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]