Document:

Unassociated Document

    REGISTRATION
RIGHTS AGREEMENT

     

    THIS
REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of the
10th
day of March, 2009, by and among The Saint James Company, Inc., a North Carolina
corporation (the “Company”), and the individuals
and entities (each, a “Shareholder,” and
collectively, the “Shareholders”), who have
executed this Agreement and are identified on the signature page hereto as being
an original issuee of shares of Common Stock (as that term is defined
below).

     

    Recitals

     

    WHEREAS,
subsequent to each issuance, but as of the date of initial certification, of
certain shares of common stock owned by each undersigned Shareholder in an
amount set forth next to each such Shareholder’s name (the “Old Shares”), the Company and
each such Shareholder was under the good faith belief that such shares no longer
constituted “restricted securities” (as that term is defined in Rule
144);

     

    WHEREAS,
as a result of such good faith belief, none of the certificates representing the
Old Shares (collectively, the “Old Share Certificates”) was
initially generated with a restrictive legend affixed thereto or stop-transfer
instructions on the books and records of the Company’s transfer
agent;

     

    WHEREAS,
on or about June of 2008, in connection with advice of counsel, the Company
concluded that the Old shares might still be considered to be restricted
securities, and, upon the Company’s request, each of the Shareholders returned
the Old Share Certificates (or certificates subsequently issued in exchange
therefor) to the Company such that the Company could affix a standard “1933 Act”
restrictive legend thereon and could cause the Company’s transfer agent to place
stop-transfer instructions on its books and records;

     

    WHEREAS,
in connection with such return and affixing of legends on the Old Share
certificates, the Company committed directly to the Shareholders and indirectly
to their transferees (each, a holder of Registrable Securities; collectively,
the Shareholders and their transferees, the ‘Selling Holders”) that, under
certain circumstances, the Company would file a re-sale registration
statement;

     

    WHEREAS,
in furtherance of such re-sale registration statement commitment by the Company,
the Company hereby agrees to grant certain registration rights in respect of the
Old Shares, as set forth hereinbelow;

     

    NOW,
THEREFORE, the parties agree as follows:

     

    Agreement

     

    1.           Registration
Rights.  The Company covenants and agrees as
follows:

     

    1.1           Definitions.  For
purposes of this Section 1:

     

    (a)           The
term “1933 Act” means
the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder.

     

    (b)           The
term “Common Stock”
means the common stock, par value $0.001, of the Company.

     

    
      
         

      

      
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    (c)           The
term “1934 Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.

     

    (d)           The
term “Filing Deadline”
has the meaning set forth in Section 1.3(a) herein.

     

    (f)           The
terms “register,” “registered,” and “registration” refer to a
registration effected by preparing and filing a registration statement or
similar document in compliance with the 1933 Act, and the declaration or
ordering of effectiveness of such registration statement or
document.

     

    (g)           The
term “Registrable
Securities” means (i) the Old Shares (as subject to appropriate
adjustment for stock splits, stock dividends, combinations and other
recapitalizations after the date hereof (collectively, a “Recapitalization”)) and (ii)
any Common Stock issued as a dividend or other distribution with respect to, or
in exchange for, or in replacement of the shares referenced in (i) above,
excluding in all cases, however, any Registrable Securities that have been sold
by a person publicly, pursuant to the provisions of Rule 144 without volume or
further transfer restrictions, or pursuant to a registration statement under the
1933 Act covering such Registrable Securities that has been declared effective
by the SEC.

     

    (h)           The
term “SEC” means the
Securities and Exchange Commission or any successor thereto.

     

    1.2           Reserved.

     

    1.3           Company
Registration.  The Company shall file with the SEC a
Registration Statement on Form S-1 (or, if Form S-1 is not then available to the
Company, on such form of registration statement as is then available to effect a
registration for resale of the Registrable Securities), registering all of the
Registrable Securities for resale not later than 30 calendar days following the
filing by the Company of its Annual Report on Form 10-K for its fiscal year
ended December 31, 2008; provided, however, that, if a
transaction (an “8-K
Transaction”) were to occur prior to the filing of such Annual Report,
the occurrence of which would require the Company to file a Current Report on
Form 8-K that would contain information that would be required if the Company
were filing a general form for registration of securities on Form 10 under the
1934 Act, reflecting all classes of the Company’s securities subject to the
reporting requirements of Section 13 thereof upon consummation of the
transaction, then the commencement of such 30 calendar-day period shall be
deemed to be four business days following the occurrence of such 8-K
Transaction, rather than 30 calendar following the filing of such Annual Report
(in either instance, the “Filing
Deadline”).  If Form S-1 is not available at that time, then
the Company will file a registration statement on such form as is then available
to effect a registration of all of the Registrable Securities.

     

    1.4           Reserved.

     

    1.5           Obligations of the
Company.  Whenever required under this Section 1 to effect the
registration of any Registrable Securities, the Company, at its expense, shall,
as expeditiously as reasonably possible:

     

    (a)           Prepare
and file with the SEC a registration statement with respect to such Registrable
Securities and use its reasonable best efforts to cause such registration
statement to become effective and keep such registration statement effective
until the earlier of thirteen months following (i) the occurrence of such 8-K
Transaction or (ii) the declaration of effectiveness of such Registration
Statement, in either event such that, upon the expiration of such 13-month
period, the Selling Holders (unless then are, or in the immediately preceding 90
days were, affiliates of the Company) will be permitted to sell the Registrable
Securities in accordance with the provisions of Rule 144 (or any such successor
Rule adopted by the SEC), without regard to volume restrictions.

     

    
      
         

      

      
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    (b)           Prepare
and file with the SEC such amendments and supplements to such registration
statement and the prospectus provided by Company in connection with such
registration statement as may be necessary to comply with the provisions of the
1933 Act with respect to the disposition of all securities covered by such
registration statement.

     

    (c)           Furnish
to the Shareholders such numbers of copies of a prospectus in conformity with
the requirements of the 1933 Act, and such other documents as such Shareholders
may reasonably request from time to time in order to facilitate the disposition
of the Registrable Securities owned by them.

     

    (d)           Use
its best efforts to register and qualify the securities covered by such
registration statement under such other securities or Blue Sky laws of such
jurisdictions as shall be reasonably requested by the Shareholders; provided
that the Company shall not be required in connection therewith or as a condition
thereto to qualify to do business or to file a general consent to service of
process in any such states or jurisdictions, unless the Company is already
required to qualify to do business or subject to service in such jurisdiction
and except as may be required by the 1933 Act.

     

    (e)           Reserved.

     

    (f)           Promptly
notify each holder of Registrable Securities covered by such registration
statement at any time when a prospectus relating thereto is required to be
delivered under the 1933 Act of the happening of any event as a result of which
the prospectus included in such registration statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material
fact required to be stated therein or necessary to make the statements therein
not misleading in the light of the circumstances then existing, and, at the
request of a Selling Holder, prepare and furnish to such Selling Holder a
reasonable number of supplements to, or amendment of, such prospectus as may be
necessary so that, as thereafter delivered to the purchasers of such share, such
prospectus shall not include an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading or incomplete in light of the circumstances
then existing.

     

    (g)           Use
its reasonable best efforts to cause all such Registrable Securities registered
pursuant hereunder to be listed on each securities exchange on which similar
securities issued by the Company are then listed.

     

    (h)           Provide
a transfer agent and registrar for all Registrable Securities registered
pursuant hereunder and a CUSIP number for all such Registrable Securities, in
each case not later than the effective date of such registration
statement.

     

    (i)           Reserved.

     

    (j)           Make
available to each Selling Holder participating in such registration, upon the
request of such Selling Holder a copy of all documents filed with and all
correspondence from or to the SEC in connection with any such offering other
than non-substantive cover letters and the like.

     

    
      
         

      

      
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    (k)           Otherwise
use its reasonable best efforts to comply with all applicable rules and
regulations of the SEC.

     

    1.6           Furnish
Information.  It shall be a condition precedent to the
obligations of the Company to take any action with respect to the Registrable
Securities of any Selling Holder that such Selling Holder shall furnish to the
Company such information regarding itself, its affiliates, the Registrable
Securities held by it, and the intended method of disposition of such securities
as shall be required to effect the registration of such Selling Holder’s,
provided such information is timely requested by the Company.

     

    1.7           Expenses of Company
Registration.  The Company shall bear and pay all expenses
incurred by it in connection with any registration, filing, or qualification of
Registrable Securities with respect to the registrations pursuant to Section 1.3
for the Selling Holders and compliance with the terms hereof, including (without
limitation) all registration, filing, and qualification fees, printers and
accounting fees relating or apportionable thereto and the fees and disbursements
of counsel for the Company, but excluding underwriting discounts and commissions
relating to the Registrable Securities.

     

    1.8           Reserved.

     

    1.9           Delay of
Registration.  The Selling Holders shall not have any right to
obtain or seek an injunction restraining or otherwise delaying any such
registration as the result of any controversy that might arise with respect to
the interpretation or implementation of this Section 1.

     

    1.10           Indemnification.  In
respect of the Registrable Securities to be included in a registration statement
under this Section 1:

     

    (a)           To
the extent permitted by law, the Company will indemnify and hold harmless the
Selling Holders, each officer and director thereof, any underwriter (as defined
in the 1933 Act) of the Selling Holders, and each person, if any, who controls
the Selling Holders or underwriter within the meaning of the 1933 Act or the
1934 Act, against any losses, claims, damages, or liabilities (joint or several)
to which they may become subject under the 1933 Act, the 1934 Act, or other
federal or state law, insofar as such losses, claims, damages, or liabilities
(or actions in respect thereof) arise out of or are based upon any of the
following statements, omissions or violations (collectively, a “Violation”):  (i)
any untrue statement or alleged untrue statement of a material fact contained in
such registration statement, including any preliminary prospectus or final
prospectus contained therein or any amendments or supplements thereto; (ii) the
omission or alleged omission to state therein a material fact required to be
stated therein, or necessary to make the statements therein not misleading; or
(iii) any violation or alleged violation by the Company of the 1933 Act, the
1934 Act, any state securities law, or any rule or regulation promulgated under
the 1933 Act, the 1934 Act, or any state securities law; and the Company will
pay to the Selling Holders, underwriter, or controlling person any legal or
other expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability, or action; provided, however, that the
indemnity agreement contained in this Section 1.10(a) shall not apply to (1) a
holder if he is either an officer or director of the Company at the time of the
statement, omission, or violation (a “Management Shareholder”)
unless such Management Shareholder has sold Registrable Securities included in
the registration statement, (2) amounts paid in settlement of any such loss,
claim, damage, liability, or action if such settlement is effected without the
consent of the Company (which consent shall not be unreasonably withheld), or
(3) any such loss, claim, damage, liability, or action to the extent that it
arises out of or is based upon a Violation which occurs in reliance upon and in
conformity with written information furnished expressly for use in connection
with such registration by such a holder (including each officer and director of
a Selling Holder), underwriter, or controlling person.

     

    
      
         

      

      
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    (b)           To
the extent permitted by law, the Selling Holders will indemnify and hold
harmless the Company, each of its directors, each of its officers who has signed
the registration statement, each person, if any, who controls the Company within
the meaning of the 1933 Act, any underwriter and any controlling person of any
such underwriter, against any losses, claims, damages, or liabilities (joint or
several) to which any of the foregoing persons may become subject, under the
1933 Act, the 1934 Act, or other federal or state law, insofar as such losses,
claims, damages, or liabilities (or actions in respect thereto) arise out of or
are based upon any Violation, in each case to the extent (and only to the
extent) that such Violation occurs in reliance upon and in conformity with
written information furnished by the Selling Holders, or by an officer or
director of the Selling Holders expressly for use in connection with such
registration; and the Selling Holders will pay any legal or other expenses
reasonably incurred by any person intended to be indemnified pursuant to this
Section 1.10(b) in connection with investigating or defending any such loss,
claim, damage, liability, or action; provided, however, that the
indemnity agreement contained in this Section 1.10(b) shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability, or action if such
settlement is effected without the consent of the Shareholder, which consent
shall not be unreasonably withheld; provided, further, that in no
event shall any indemnity under this Section 1.10(b) exceed the gross proceeds
from the offering received by the Selling Holders, net of underwriters’
commissions and discounts.

     

    (c)           Promptly
after obtaining actual knowledge of any third-party claim or action as to which
it may seek indemnification under this Section 1.10, an indemnified party will,
if a claim in respect thereof is to be made against any indemnifying party under
this Section 1.10, deliver to the indemnifying party a written notice thereof
and the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying
party similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an
indemnified party (together with all other indemnified parties which may be
represented without conflict by one counsel) shall have the right to retain one
separate counsel, with the fees and expenses to be paid by the indemnifying
party, if representation of such indemnified party by the counsel retained by
the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party
represented by such counsel in such proceeding.  The failure to
deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action shall relieve such indemnifying party of any
liability to the indemnified party under this Section 1.10, if, and to the
extent that, such failure is prejudicial to such indemnifying party’s ability to
defend such action, but the omission so to deliver written notice to the
indemnifying party will not relieve it of any liability that it may have to any
indemnified party otherwise than under this Section 1.10.

     

    (d)           If
the indemnification provided for in this Section 1.10 is held by a court of
competent jurisdiction to be unavailable to an indemnified party with respect to
any loss, liability, claim, damage, or expense referred to therein, then the
indemnifying party, in lieu of indemnifying such indemnified party hereunder,
shall contribute to the amount paid or payable by such indemnified party as a
result of such loss, liability, claim, damage, or expense (including, without
limitation, legal and other expenses incurred by such indemnified party in
investigating or defending any such action or claim) in such proportion as is
appropriate to reflect the relative fault of the indemnifying party on the one
hand and of the indemnified party on the other in connection with the statements
or omissions that resulted in such loss, liability, claim, damage, or expense as
well as any other relevant equitable considerations.  The relative
fault of the indemnifying party and of the indemnified party shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to
information supplied by the indemnifying party or by the indemnified party and
the parties’ relative intent, knowledge, access to information, and opportunity
to correct or prevent such statement or omission.  Notwithstanding the
provisions of this Section 1.10, the Selling Holders shall not be required to
contribute any amount or make any other payments under this Agreement, which in
the aggregate, exceed the net proceeds received by the Selling Holders from the
offering covered by the applicable registration statement.

     

    
      
         

      

      
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    (e)           Notwithstanding
the foregoing, to the extent that the provisions on indemnification and
contribution contained in the underwriting agreement entered into in connection
with the underwritten public offering are in conflict with the foregoing
provisions, the provisions in the underwriting agreement shall
control.

     

    (f)           The
obligations of the Company, the Shareholders, and the Selling Holders under this
Section 1.10 shall survive the completion of any offering of the Registrable
Securities in a registration statement under this Section 1, and
otherwise.

     

    2.           Miscellaneous.

     

    2.1           Successors and
Assigns.  Except as otherwise provided herein, the terms and
conditions of this Agreement shall inure to the benefit of and be binding upon
the respective successors and assigns of the parties (including transferees of
any shares of the Registrable Securities).  Nothing in this Agreement,
express or implied, is intended to confer upon any party other than the parties
hereto or their respective successors and assigns any rights, remedies,
obligations, or liabilities under or by reason of this Agreement, except as
expressly provided in this Agreement.  For the benefit of each of the
respective successors and assigns of the parties (including transferees of any
shares of the Registrable Securities) and any subsequent successors, assigns,
and transferees, each undersigned Shareholder represents and warrants to each
other Shareholder and to the Company that such Shareholder is, as of the date
hereof, and for the immediately preceding 90-day period was, not an affiliate or
representative of the Company and covenants that, within 90 days of any further
assignment or transfer of any shares of the Registrable Securities, such
Shareholder shall not become an affiliate or representative of the
Company.

     

    2.2           Governing Law.  This
Agreement shall be governed by and construed under the laws of the State of New
York as applied to agreements among New York residents entered into and to be
performed entirely within New York.

     

    2.3           Counterparts.  This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

     

    2.4           Titles and
Subtitles.  The titles and subtitles used in this Agreement are
used for convenience only and are not to be considered in construing or
interpreting this Agreement.

     

    2.5           Notices. Any notice
required or permitted under this Agreement shall be given in writing and shall
be deemed effectively given upon personal delivery to the party to be notified
or by telex or confirmed facsimile, or one delivery day after deposit with a
recognized overnight express delivery service or courier (for FedEx Express
Overnight or equivalent delivery to and from an address within the United States
of America) or three delivery days after deposit with a recognized overnight
express delivery service or courier (for FedEx Express International Priority or
equivalent delivery to and from an address outside the United States of
America), and addressed to the party to be notified at the address indicated for
such party below, or at such other address as such party may designate by ten
days’ advance written notice to the other party:

     

    
      
         

      

      
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    (a)           If
to the Company:

     

    The Saint
James Company

    Attention:  Chief
Executive Officer

    Broadway
Plaza, 520 Broadway, Suite 350

    Santa
Monica, California 90401

    Fax
number:  818-880-4140

     

    with a
copy to:

     

    (which
shall not constitute notice)

     

    Baker
& Hostetler LLP

    Attention:  Randolf
W. Katz

    600 Anton
Blvd., Suite 900

    Costa
Mesa, California 92626

    
      Fax
number:  714-966-8802

    

    
    

     

    (b)           If
to a Shareholder:

     

    See
signature page to this Agreement

     

    or to
such other person or address as any party shall specify by notice in writing to
each of the other parties.  All such notices, requests, demands,
waivers, and communications shall be deemed to have been received on the date of
delivery if the date of transmission is electronically endorsed automatically on
the media or evidenced by courier service documentation.  If notice is
mailed or transmitted in a manner in which date of delivery cannot be
ascertained from the media used or courier service records, notice shall be
deemed given on the fifth business day after the mailing or other transmission
or delivery thereof.  A notice of a change of address shall be
effective only upon receipt.

     

    2.6           Expenses.  If any
action at law or in equity is necessary to enforce or interpret the terms of
this Agreement, the prevailing party shall be entitled to reasonable attorneys’
fees, costs, and necessary disbursements in addition to any other relief to
which such party may be entitled.

     

    2.7           Amendments and
Waivers.  Any term of this Agreement may be amended and the
observance of any term of this Agreement may be waived (either generally or in a
particular instance and either retroactively or prospectively), only with the
written consent of the Company and the Selling Holders or Shareholders of the
Registrable Securities then outstanding, as applicable.  Any amendment
or waiver effected in accordance with this Section 2.7 shall be binding upon
each Selling Holder and the Company; provided that, without the consent of the
Company and all Shareholders and Selling Holders, no amendment to this Agreement
may be made that (i) modifies this Section 2.7, or (ii) would affect the
Shareholders or Selling Holders in a disproportionate manner (other than any
disproportionate results that are due to a difference in the relative stock
ownership in the Company).

     

    
      
         

      

      
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    2.8           Severability.  If
one or more provisions of this Agreement are held to be unenforceable under
applicable law, such provision shall be excluded from this Agreement and the
balance of the Agreement shall be interpreted as if such provision were so
excluded and shall be enforceable in accordance with its terms.

     

    2.9           Aggregation of
Stock.  All shares of Registrable Securities held or acquired
by affiliated entities or persons shall be aggregated together for the purpose
of determining the availability of any rights under this Agreement.

     

    2.10           Entire
Agreement.  This Agreement constitutes the full and entire
understanding and agreement between the parties regarding the matters set forth
herein.  Except as otherwise expressly provided herein, the provisions
hereof shall inure to the benefit of, and be binding upon the successors,
assigns, heirs, executors, and administrators of the parties
hereto.

     

    2.11           Further
Assurances.  At any time, and from time to time, each party
will execute such additional instruments and take such action as may be
reasonably requested by any other party to carry out the intent and purposes of
this Agreement.

     

    2.12           Arbitration.  Any
dispute, controversy, or claim arising out of or relating to this Agreement or
the Registrable Securities will be resolved by binding arbitration before a
retired judge at JAMS in New York City, New York.  Any interim or
final arbitration award by be enforced by any court of competent
jurisdiction.

     

    [BALANCE
OF PAGE INTENTIONALLY LEFT BLANK.]

     

    
      
         

      

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

     

    
      
        	THE
      SAINT JAMES COMPANY	 	 	 	 
	 	 	 	 	 
	By:     	
                  
      

              	 	 	
              	 
	      
                Name:

              	
                   
      

              	 	 	
              	 
	      
                Title:

              	
                  
      

              	 	 	
                 

              	 

      

    

      

    SHAREHOLDERS:

     

    
      	      
               

            	
                  
      

            	 	 	    	 
	 	
              [name]  

            	 	 	
              [street]

            	 
	 	 	 	 	 	 
	 	 	 	 	   	 
	 	One
      million shares of Common Stock  	 	 	
              [city, state, postal code,
      country]

            	 
	 	 	 	 	 	 
	 	 	 	 	   	 
	 	 	 	 	
              [facsimile
      number]

            	 
	 	 	 	 	 	 
	 	  
      	 	 	   	 
	 	[name]  	 	 	
              [street]

            	 
	 	 	 	 	 	 
	 	 	 	 	   	 
	 	One
      million shares of Common Stock   	 	 	
              [city, state, postal code,
      country]

            	 
	 	 	 	 	 	 
	 	 	 	 	   	 
	 	 	 	 	
              [facsimile
      number]

            	 

    

    

                                                                                                     

    
      
         

      

      
        9Unassociated Document

    AGREEMENT
AND PLAN OF MERGER

     

    This
Agreement and Plan of Merger (“Agreement”) is made and
entered into as of March 17, 2009, by and among Global Management Services,
Inc., a Nevada corporation, with its principal office at 3540 W. Sahara Ave.,
Suite 20, Las Vegas, Nevada 89102 (“Global”), The Saint James
Company, a North Carolina corporation, with its principal office
at  Broadway Plaza, 520 Broadway, Suite 350, Santa Monica, California
90401 (“St. James”), and
The Saint James New Zealand Wine Company, a newly-formed wholly-owned subsidiary
of St. James (“Acquisition
Sub”, and collectively, the “Parties”).

     

    A.           St.
James and Global intend to effect a reverse triangular merger (the “Merger”), pursuant to which
Acquisition Sub will merge with and into Global and Global will
survive.

     

    B.           Prior
to the Merger, Global shall have acquired Waimea Estates, Gravitas Wines and
Lawson Dry Hills Wines (collectively, the “Acquisitions”).

     

    C.           For
federal income tax purposes, the parties intend that the Merger qualify as a
tax-free reorganization within the meaning of Section 368(a) of the
Internal Revenue Code of 1986, as amended, and the rules and regulations
promulgated thereunder (the “Tax Code”).

     

    In
consideration of the foregoing and the representations, warranties and mutual
covenants herein made, the parties hereby agree to the foregoing and as
follows:

     

    Section
1. Definitions.  Capitalized
terms not otherwise defined herein have the meanings set forth in the attached
Schedule
1.

     

    Section
2. Merger.

     

    (a) Effecting the
Merger.  Upon the terms and subject to the conditions contained
in this Agreement, at the Effective Time, Acquisition Sub shall be merged with
and into Global, and the separate corporate existence of Acquisition Sub shall
thereupon cease.

     

    (b) Conversion of
Shares.

     

    (i) All of
the shares of common stock of Global issued and outstanding on the Closing Date
(“Global Shares”) shall,
by virtue of the Merger and without any action on the part of Global, St. James,
Acquisition Sub or the holders of the Global Shares, be converted into and
become validly issued, fully paid and non-assessable shares of common stock of
St. James (“St. James
Shares”).  Each Global Share shall be converted into the amount
of St. James Shares reflective of the fair value of the Global Shares (“Share Ratio”), such that the fair
value of Global (immediately upon the consummation of the Acquisitions) shall be
equivalent to the aggregate value of the St. James Shares (to be calculated
using the Bloomberg Volume Weighted Average Price for the five trading days
immediately preceding the Closing).  No fractional shares will be
issued, and any right to receive a fractional share will be rounded-up to the
nearest whole share.  Not less than 45 trading days preceding the
Closing, the Parties shall agree upon a third party (the “Mutual Valuation Party”) to be
engaged by them for the purpose of determining (the “Determination”) the fair value
of the Global Shares and of Global.  If the Parties have failed to
reach such agreement by such deadline, then, not less than 40 trading days
preceding the Closing, each Party shall identify its own third party (each, an
“Individual Valuation
Party”) and provide the other Party with the name and full contact
information thereof.  Upon such identification and not less than 30
trading days preceding the Closing, such two Individual Valuation Parties shall
mutually designate a third party (the “Designated Valuation Party”),
which designation shall be binding on the Parties and which Designated Valuation
Party shall solely render the Determination.  If a Party shall not
have fully complied with its contingent identification and notice obligations,
as set forth above, then the non-breaching Party’s Individual Valuation Party
shall solely render the Determination.  Each Valuation Party (whether
by agreement, identification, or designation) shall be skilled and experienced
in the field of business, combined businesses, and real property
valuations.  The Mutual Valuation Party or the Designated Valuation
Party, as applicable, shall provide the Determination to the Parties not less
than five trading days immediately preceding the Closing.  The Parties
shall bear their own costs in their respective attempts to agree upon the Mutual
Valuation Party, in respect of their identification of an Individual Valuation
Party, and in their respective Individual Valuation Party’s designation of the
Designated Valuation Party.  The Parties shall equally bear the costs
incurred by the Mutual Valuation Party or the Designated Valuation Party, as
applicable, in its rendering the Determination.  The Parties shall
have neither the right to challenge the appointment of the Designated Valuation
Party nor to supplement the Determination.

     

    
      
        
        

      

      
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    (ii) At the
Effective Time, the Global Shares will be deemed canceled and retired and will
cease to exist, and each holder of a certificate for Global Shares will cease to
have any rights with respect thereto; provided, however, that,
following the Closing Date, upon surrender of an original stock certificate
representing Global Shares, St. James will deliver a stock certificate for
shares of common stock of St. James to which such person is entitled pursuant to
the Share Ratio, bearing any necessary or appropriate restrictive
legend.

     

    (iii) If any
certificate evidencing Global Shares shall have been lost, stolen or destroyed,
upon the making of an affidavit of that fact by the person claiming the
certificate to be lost, stolen or destroyed and, if required by St. James, the
posting of an indemnity bond, in such reasonable amount as St. James or the
transfer agent may direct, as collateral security against any claim that may be
made with respect to the certificate, St. James will issue in exchange for the
lost, stolen or destroyed certificate the applicable number of shares of St.
James common stock.

     

    Section
3. Closing Date.  On
the terms and subject to the conditions of this Agreement, the closing of the
Merger (the “Closing”)
shall take place at the offices of Baker & Hostetler, LLP, 600 Anton
Boulevard, Suite 900, Costa Mesa, California, 92626, immediately upon the
consummation of the Acquisitions or such other time, date or place as St. James
and Global may otherwise agree (the “Closing Date”).

     

    Section
4. Termination.  This
Agreement may be terminated:

     

    (i) By St.
James at any time prior to the consummation of the Acquisitions, by five (5)
days’ prior written notice to each of the other Parties; or

     

    (ii) at any
time prior to Closing, by mutual written consent of Global, St. James and
Acquisition Sub.

     

    Section
5. Global’s Representations and
Warranties.  Global represents and warrants to St. James that
the statements contained in this Section will be true and correct as of the
Closing Date, and will not contain any facts, or omit any facts, that render the
statements herein to be misleading, except (i) where any variation would not be
reasonably likely to have an Adverse Effect, and (ii) as set forth herein and in
the disclosure schedule delivered by Global to St. James (the “Global Schedule”), arranged in
sections corresponding to the paragraphs in this Section; the disclosure in any
section or paragraph will qualify other paragraphs in this Section to the extent
that it is reasonably apparent from a reading of the disclosure that it also
qualifies or applies to such other paragraphs.

     

    
      
        
        

      

      
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    (a) Organization.  Global
is a corporation validly existing and in good standing under the laws of the
State of Nevada and has all requisite power and authority and possesses all
necessary governmental approvals necessary to own, lease and operate its
properties, to carry on its business as now being conducted, to execute and
deliver this Agreement and the agreements contemplated herein, and to consummate
the transactions contemplated hereby and thereby.  Global is duly
qualified to do business and is in good standing in all jurisdictions in which
its ownership of property or the character of its business requires such
qualification, except where the failure to be so qualified would not reasonably
be expected to have an Adverse Effect.  Certified copies of the
Articles of Incorporation of Global, as amended to
date, have been made available to St. James, are complete and correct, and no
amendments have been made thereto or have been authorized since the date
thereof.  Global is not in violation of any of the provisions of its
Articles of Incorporation or Bylaws.

     

    (b) Capitalization.

     

    (i) Global’s
authorized capital stock consists solely of [____________] shares of
common stock, par value $[_____].

     

    (ii) There are
[__________] shares of
common stock issued and outstanding and no shares held in the treasury of
Global.  All of the issued and outstanding shares of Global common
stock were duly and validly issued and fully paid, are non-assessable and free
of preemptive rights, and were issued in compliance with all applicable state
and federal securities laws.

     

    (iii) There are
no outstanding (A) options, warrants, or other rights to purchase from Global
any capital stock of Global; (B) debt securities or instruments convertible into
or exchangeable for shares of such stock; or (C) commitments of any kind for the
issuance of additional shares of capital stock or options, warrants or other
securities of Global.

     

    (c) No
Subsidiaries.  Global does not own any capital stock or other
equity interest in any corporation, partnership, joint venture or other
entity.

     

    (d) Authorization.  Global
has all requisite power and authority to execute and deliver this Agreement, to
perform its obligations hereunder, and to consummate the transactions
contemplated hereby.  The execution and delivery of this Agreement by
Global and the consummation by Global of the transactions contemplated hereby
have been duly and validly authorized by all necessary corporate and/or
stockholder action by Global and no other corporate proceedings on the part of
Global and no other stockholder vote or consent is necessary to authorize this
Agreement or to consummate the transactions contemplated hereby.  This
Agreement has been duly and validly executed and delivered by
Global.  This Agreement and all other agreements and obligations
entered into and undertaken in connection with the transactions contemplated
hereby to which Global is a party constitute the valid and legally binding
obligations of Global, enforceable against Global in accordance with their
respective terms, except as may be limited by principles of equity or applicable
bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or
other similar laws relating to or affecting the rights and remedies of creditors
generally.  The execution, delivery and performance by Global of this
Agreement and the agreements provided for herein, and the consummation by Global
of the transactions contemplated hereby and thereby, will not, with or without
the giving of notice or the passage of time or both, violate the provisions of
the Articles of Incorporation or Bylaws of Global, or to Global’s Knowledge
(i) violate the provisions of any law, rule or regulation applicable to
Global, (ii) violate any judgment, decree, order or award of any court,
governmental body or arbitrator; or (iii) conflict with or result in the
breach or termination of any term or provision of, or constitute a default
under, or cause any acceleration under, or cause the creation of any lien,
charge or encumbrance upon the properties or assets of Global pursuant to, any
indenture, mortgage, deed of trust or other instrument or agreement to which
Global is a party or by which Global or any of its properties is or may be
bound.

     

    
      
        
        

      

      
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    (e) No
Conflict.  The execution and delivery of this Agreement by
Global does not require any consent or approval under, result in any breach of,
result in any loss of any benefit under, or constitute a change of control or
default (or an event which with notice or lapse of time or both would become a
default) under; give to others any right of termination, vesting, amendment,
acceleration or cancellation of; or result in the creation of any lien or
encumbrance on any property or asset of Global pursuant to; any material
agreement of Global or other instrument or obligation of Global.

     

    (f) Litigation.  There
is no action, suit, legal or administrative proceeding or investigation pending
or, to Global’s Knowledge, threatened against or involving Global (either as a
plaintiff or defendant) before any court or governmental agency, authority, body
or arbitrator.  There is not in existence on the date hereof any
order, judgment or decree of any court, tribunal or agency to Global’s Knowledge
enjoining or requiring Global to take any action of any kind with respect to its
business, assets or properties.

     

    (g) Insurance.  The
Global Schedule sets forth a listing of all current Global insurance
policies.  All current insurance policies are in full force and
effect, are in amounts of a nature that are adequate and customary for Global’s
business, and to Global’s Knowledge are sufficient for compliance with all legal
requirements and agreements to which it is a party or by which it is
bound.  All premiums due on current policies or renewals have been
paid, and there is no material default under any of the policies.

     

    (h) Personal
Property.  Global has good and marketable title to all of its
tangible personal property free and clear of all liens, leases, encumbrances,
claims under bailment and storage agreements, equities, conditional sales
contracts, security interests, charges, and restrictions, except for liens, if
any, for personal property taxes not due.  Such property is used by
Global in the ordinary course of its business and is sufficient for continued
conduct of Global’s business after the Closing Date in substantially the same
manner as conducted prior to the Closing Date.  Such property is in
good operating condition and repair, normal wear and tear excepted, and normal
maintenance has been performed.

     

    (i) Intangible
Property.  Global is the sole and exclusive owner of all right,
title and interest in and to all material items of intangible property
(including formula and process know-how) necessary for the operation of all
material aspects of Global’s business as it is currently conducted free and
clear of all liens, security interests, charges, encumbrances, equities or other
adverse claims.  Global has the right and authority to use, and to
continue to use after the Closing Date, such property in connection with the
conduct of its business in the manner presently conducted, and to its Knowledge
such use or continuing use does not and will not materially infringe upon or
violate any rights of any other person.

     

    
      
        
        

      

      
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    (j) Tax
Matters.  Within the times and in the manner prescribed by law,
Global has filed all federal, state and local tax returns and all tax returns
for other governing bodies having jurisdiction to levy taxes upon it that are
required to be filed.  Global has paid all taxes, interest, penalties,
assessments and deficiencies that have become due, including without limitation
income, franchise, real estate, and sales and withholding taxes.  No
examinations of the federal, state or local tax returns of Global are currently
in progress or threatened and no deficiencies have been asserted or to its
Knowledge assessed against Global as a result of any audit by the Internal
Revenue Service or any state or local taxing authority and no such deficiency
has been proposed or threatened.

     

    (k) Books and
Records.  The general ledger and books of account of Global,
all minute books of Global, all federal, state and local income, franchise,
property and other tax returns filed by Global, all of which have been made
available to St. James, are in all material respects complete and correct and
have been maintained in accordance with good business practice and in accordance
with all applicable procedures required by laws and regulations.

     

    (l) Contracts and
Commitments.  The Global Schedule lists all material contracts
and agreements to which Global is a party, whether written or oral, other than
those between Global and St. James.  Each such contract is a valid and
binding agreement of Global, enforceable against Global in accordance with its
terms, is in full force and effect and represents the material terms of the
agreement between the respective parties.  Global has materially
complied with all obligations required pursuant to such contracts to have been
performed by Global on its part and neither Global nor, to its knowledge, any
other party to such contract is in breach of or default in any material respect
under any such contract.

     

    (m) Compliance with
Laws.  Global has all requisite licenses, permits and
certificates, including environmental, health and safety permits, from federal,
state and local authorities necessary to conduct its business as currently
conducted and own and operate its assets, except where the failure to have such
permits would not reasonably be expected to have an Adverse
Effect.  Global is not in violation of any federal, state or local
law, regulation or ordinance (including, without limitation, laws, regulations
or ordinances relating to building, zoning, environmental, disposal of hazardous
waste, land use or similar matters) relating to its business or its
properties.

     

    (n) Employee Benefit
Plans.  The Global Schedule lists all employee benefit plans as
defined in ERISA Section 3(3), and all bonus, stock option, stock purchase,
incentive, deferred compensation, supplemental retirement, severance and other
similar employee benefit plans, and all material unexpired severance agreements
with any current or former employee of Global.  With respect to such
plans, individually and in the aggregate, no event has occurred and, to its
Knowledge, there exists no condition or set of circumstances in connection with
which Global could be subject to any liability that is reasonably likely to have
an Adverse Effect under ERISA, the Tax Code or any other applicable
law.

     

    (o) Indebtedness to and from
Affiliates.  Global is not indebted, directly or to its
Knowledge indirectly, to any officer, director or 10% stockholder of Global in
any amount other than for salaries for services rendered or reimbursable
business expenses, and no such person is indebted to Global except for advances
made to employees of Global in the ordinary course of business to meet
reimbursable business expenses.

     

    
      
        
        

      

      
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    (p) Banking
Facilities.  The Global Schedule sets forth a true, correct,
and complete list of:  (i) each bank, savings and loan or similar
financial institution in which Global has an account or safety deposit box and
the numbers of the accounts or safety deposit boxes maintained by Global
thereat; and (ii) the names of all signatories authorized to draw on each such
account or to have access to any such safety deposit box facility.

     

    (q) Regulatory
Approvals.  All consents, approvals, authorizations or other
requirements prescribed by any law, rule or regulation that must be obtained or
satisfied by Global and that are necessary for the execution and delivery by
Global of this Agreement or any documents to be executed and delivered by Global
in connection therewith have been, or prior to the Closing Date will be,
obtained and satisfied.

     

    (r) No
Brokers.  No broker or finder has acted for Global in
connection with this Agreement or the transactions contemplated hereby, and no
broker or finder is entitled to any brokerage or finder’s fee or other
commissions in respect of such transactions based upon agreements, arrangements
or understandings made by or on behalf of Global.

     

    (s) Disclosure.  The
information concerning Global set forth in this Agreement, the exhibits and
schedules hereto, and any document, statement or certificate furnished or to be
furnished in connection herewith does not and will not contain any untrue
statement of a material fact or omit to state a material fact required to be
stated herein or therein or necessary to make the statements and facts contained
herein or therein, in light of the circumstances in which they are made, not
false or misleading.

     

    (t) Tax
Treatment.  Neither Global nor, to the Knowledge of Global, any
of its Affiliates has taken or agreed to take action that would prevent the
Merger Transactions from constituting a reorganization qualifying under the
provisions of Section 368 of the Tax Code.

     

    Section
6. St. James’ and Acquisition Sub’s
Representations and Warranties. Each of St. James and
Acquisition Sub represents and warrants to Global and the surviving corporation
that the statements contained in this Section will be true and correct as of the
Closing Date and will not contain any facts, or omit any facts, that render the
statements herein to be misleading, except (i) where any variation would not be
reasonably likely to have an Adverse Effect, and (ii) as set forth herein and in
the disclosure schedule delivered by St. James and Acquisition Sub to Global
(the “St. James
Schedule”), arranged in sections corresponding to the paragraphs in this
Section; the disclosure in any section or paragraph will qualify other
paragraphs in this Section to the extent that it is reasonably apparent from a
reading of the disclosure that it also qualifies or applies to such other
paragraphs.

     

    (a) Organization.

     

    (i) St. James
is a corporation validly existing and in good standing under the laws of the
State of North Carolina and has all requisite power and authority and possesses
all necessary governmental approvals necessary to own, lease and operate its
properties, to carry on its business as now being conducted, to execute and
deliver this Agreement and the agreements contemplated herein, and to consummate
the transactions contemplated hereby and thereby.  St. James is duly
qualified to do business and is in good standing in all jurisdictions in which
its ownership of property or the character of its business requires such
qualification, except where the failure to be so qualified would not reasonably
be expected to have an Adverse Effect.  Certified copies of the
Articles of Incorporation and Bylaws, as amended to date, have been made
available to Global, are complete and correct, and no amendments have been made
thereto or have been authorized since the date thereof.  St. James is
not in violation of any of the provisions of its Articles of Incorporation or
Bylaws.

     

    
      
        
        

      

      
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    (ii) Acquisition
Sub is a corporation validly existing and in good standing under the laws of the
State of Nevada and has all requisite power and authority and possesses all
necessary governmental approvals necessary to own, lease and operate its
properties, to carry on its business as now being conducted, to execute and
deliver this Agreement and the agreements contemplated herein, and to consummate
the transactions contemplated hereby and thereby.  Certified copies of
the Articles of Incorporation and Bylaws, as amended to date, have been made
available to Global, are complete and correct, and no amendments have been made
thereto or have been authorized since the date thereof.  Acquisition
Sub is not in violation of any of the provisions of its Articles of
Incorporation or Bylaws.

     

    (b) Capitalization.

     

    (i) St.
James’ authorized capital stock consists of fifty million (50,000,000) shares of
common stock, $0.001 par value, and six hundred fifty thousand (650,000) shares
of preferred stock, $.50 par value.

     

    (ii) There are
11,999,057 shares of common stock issued and outstanding, no shares of preferred
stock of St. James are issued and outstanding, and no shares of common stock of
St. James are held in the treasury of St. James.  All of the issued
and outstanding shares of common stock of St. James were duly and validly issued
and fully paid, are non-assessable and free of preemptive rights, and were
issued in compliance with all applicable state and federal securities
laws.

     

    (iii) Except as
set forth on the St. James Schedule, there are no outstanding (A) options,
warrants, or other rights to purchase from St. James any capital stock of St.
James or Acquisition Sub; (B) debt securities or instruments convertible into or
exchangeable for shares of such stock; or (C) commitments of any kind for the
issuance of additional shares of capital stock or options, warrants or other
securities of St. James or Acquisition Sub.

     

    (iv) St. James
owns all of the outstanding capital stock of Acquisition Sub, free and clear of
all liens or other encumbrances.

     

    (c) No
Subsidiaries.  Except for Acquisition Sub, St. James does not
own any capital stock or other equity interest in any corporation, partnership,
joint venture or other entity.

     

    (d) Authorization.  Each
of St. James and Acquisition Sub has all requisite power and authority to
execute and deliver this Agreement, to perform its obligations hereunder and to
consummate the transactions contemplated hereby.  The execution and
delivery of this Agreement by St. James and Acquisition Sub and the consummation
by St. James and Acquisition Sub of the transactions contemplated hereby have
been duly and validly authorized by all necessary corporate action by St. James
and Acquisition Sub, respectively, and no other corporate proceedings on the
part of St. James or Acquisition Sub, respectively, and no stockholder vote or
consent is necessary to authorize this Agreement or to consummate the
transactions contemplated hereby.  This Agreement has been duly and
validly executed and delivered by St. James and Acquisition Sub.  This
Agreement and all other agreements and obligations entered into and undertaken
in connection with the transactions contemplated hereby to which St. James or
Acquisition Sub is a party constitute the valid and legally binding obligations
of St. James and Acquisition Sub, respectively, enforceable against St. James
and Acquisition Sub, respectively, in accordance with its terms, except as may
be limited by principles of equity or applicable bankruptcy, reorganization,
insolvency, moratorium, fraudulent conveyance or other similar laws relating to
or affecting the rights and remedies of creditors generally.  The
execution, delivery and performance by St. James and Acquisition Sub of this
Agreement and the agreements provided for herein, and the consummation by St.
James and Acquisition Sub of the transactions contemplated hereby and thereby,
will not, with or without the giving of notice or the passage of time or both,
violate the provisions of the Articles of Incorporation or Bylaws of St. James
or Acquisition Sub or, to St. James’ or Acquisition Sub’s Knowledge, (i) violate
the provisions of any law, rule or regulation applicable to St. James or
Acquisition Sub, (ii) violate any judgment, decree, order or award of any court,
governmental body or arbitrator; or (iii) conflict with or result in the breach
or termination of any term or provision of, or constitute a default under, or
cause any acceleration under, or cause the creation of any lien, charge or
encumbrance upon the properties or assets of St. James or Acquisition Sub
pursuant to, any indenture, mortgage, deed of trust or other instrument or
agreement to which St. James or Acquisition Sub is a party or by which St. James
or Acquisition Sub or any of their respective properties is or may be
bound.

     

    
      
        
        

      

      
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    (e) No
Conflict.  The execution and delivery of this Agreement by St.
James and Acquisition Sub does not require any consent or approval under, result
in any breach of, any loss of any benefit under or constitute a change of
control or default (or an event which with notice or lapse of time or both would
become a default) under, or give to others any right of termination, vesting,
amendment, acceleration or cancellation of, or result in the creation of any
lien or encumbrance on any property or asset of St. James or Acquisition Sub
pursuant to any material agreement of St. James or Acquisition Sub or other
instrument or obligation of St. James or Acquisition Sub.

     

    (f) Absence of
Liabilities.  Except as set forth on its balance sheet as of
March 31, 2008, as set forth in its Quarterly Report on Form 10-Q for the period
ended September 30, 2008, as filed with the Securities and Exchange Commission,
St. James does not have any liability or obligation, secured or unsecured,
whether accrued, absolute, contingent, unasserted or otherwise, which exceeds
$1,000, not including legal and accounting expenses incurred pursuant to the
Merger.  Acquisition Sub has no liabilities or
obligations.

     

    (g) Litigation.  There
is no action, suit, legal or administrative proceeding or investigation pending
or, to St. James’ Knowledge, threatened against or involving St. James or
Acquisition Sub (either as a plaintiff or defendant) before any court or
governmental agency, authority, body or arbitrator.  There is not in
existence on the date hereof any order, judgment or decree of any court,
tribunal or agency to St. James’ Knowledge enjoining or requiring St. James or
Acquisition Sub to take any action of any kind with respect to its business,
assets or properties.

     

    (h) Tax
Matters.  Within the times and in the manner prescribed by law,
St. James has filed all federal, state and local tax returns and all tax returns
for other governing bodies having jurisdiction to levy taxes upon it which are
required to be filed.  St. James has paid all taxes, interest,
penalties, assessments and deficiencies which have become due, including without
limitation income, franchise, real estate, and sales and withholding
taxes.  No examinations of the federal, state or local tax returns of
St. James are currently in progress nor threatened and no deficiencies have been
asserted or to its Knowledge assessed against St. James as a result of any audit
by the Internal Revenue Service or any state or local taxing authority and no
such deficiency has been proposed or threatened.

     

    
      
        
        

      

      
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    (i) Books and
Records.  The general ledger and books of account of St. James,
all minute books of St. James, all federal, state and local income, franchise,
property and other tax returns filed by St. James, all reports and filings with
the SEC by St. James, all of which have been made available to Global, are in
all material respects complete and correct and have been maintained in
accordance with good business practice and in accordance with all applicable
procedures required by laws and regulations.

     

    (j) Contracts and
Commitments.  There are no material contracts to which St.
James is a party other than those specified in its filings with the
SEC.  Acquisition Sub is not a party to any material
contract.

     

    (k) Compliance with
Laws.  St. James has all requisite licenses, permits and
certificates, including environmental, health and safety permits, from federal,
state and local authorities necessary to conduct its business as currently
conducted and own and operate its assets, except where the failure to have such
permits would not reasonably be expected to have an Adverse
Effect.  St. James is not in violation of any federal, state or local
law, regulation or ordinance (including, without limitation, laws, regulations
or ordinances relating to building, zoning, environmental, disposal of hazardous
waste, land use or similar matters) relating to its business or its
properties.

     

    (l) Employee Benefit
Plans.  Except as disclosed in its filings with the SEC, St.
James has no (A) employee benefit plans as defined in ERISA Section 3(3), (B)
bonus, stock option, stock purchase, incentive, deferred compensation,
supplemental retirement, severance or other similar employee benefit plans, or
(C) material unexpired severance agreements with any current or former employee
of St. James.  With respect to such plans, individually and in the
aggregate, no event has occurred and, to its Knowledge, there exists no
condition or set of circumstances in connection with which St. James could be
subject to any liability that is reasonably likely to have an Adverse Effect
under ERISA, the Tax Code or any other applicable law.

     

    (m) Indebtedness to and from
Affiliates.  St. James is not indebted, directly or to its
Knowledge indirectly, to any officer, director or 10% stockholder of St. James
in any amount other than for salaries for services rendered or reimbursable
business expenses, and no such person is indebted to St. James except for
advances made to employees of St. James in the ordinary course of business to
meet reimbursable business expenses.

     

    (n) Banking
Facilities.  St. James has no account or safety deposit box at
any bank, savings and loan or similar financial institution or other similar
facility.

     

    (o) Regulatory
Approvals.  All consents, approvals, authorizations or other
requirements prescribed by any law, rule or regulation that must be obtained or
satisfied by St. James  and Acquisition Sub and that are necessary for
the execution and delivery by St. James and Acquisition Sub of this Agreement or
any documents to be executed and delivered by St. James and Acquisition Sub in
connection therewith have been obtained and satisfied.

     

    
      
        
        

      

      
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    (p) No
Brokers.  No broker or finder has acted for St. James or
Acquisition Sub in connection with this Agreement or the transactions
contemplated hereby, and no broker or finder is entitled to any brokerage or
finder’s fee or other commissions in respect of such transactions based upon
agreements, arrangements or understandings made by or on behalf of St. James or
Acquisition Sub.

     

    (q) Disclosure.  The
information concerning each of St. James and Acquisition Sub set forth in its
reports and filings with the SEC, this Agreement, the exhibits and schedules
hereto, and any document, statement or certificate furnished or to be furnished
in connection herewith (as applicable) does not and will not contain any untrue
statement of a material fact or omit to state a material fact required to be
stated herein or therein or necessary to make the statements and facts contained
herein or therein, in light of the circumstances in which they are made, not
false or misleading.

     

    (r) SEC and State Securities Law
Filings.

     

    (i) St. James
has timely and properly filed all forms, reports and documents required to be
filed with the SEC since formation of St. James.  At the time filed
or, with respect to registration statements filed with the SEC under the
Securities Act, as of the effective date thereof, all such filings (A) complied
in all material respects with the applicable requirements of the Securities Act
and the Exchange Act, as the case may be, and (B) did not at the time they were
filed (or if amended or superseded by a filing prior to the date of this
Agreement, then on the date of such filing) contain any untrue statement of a
material fact or omit to state a material fact required to be stated in such
filings or necessary in order to make the statements in such filings, in the
light of the circumstances under which they were made, not
misleading.

     

    (ii) Each of
the financial statements (including, in each case, any related notes) contained
in St. James’ SEC filings complied as to form in all material respects with the
applicable rules and regulations with respect thereto, was prepared in
accordance with GAAP applied on a consistent basis throughout the periods
involved (except as may be indicated in the notes to such financial statements
or, in the case of unaudited statements, as permitted by Form 10-Q of the
SEC) and fairly presented the financial position of St. James as of the dates
and the results of its operations and cash flows for the periods indicated,
except that the unaudited interim financial statements were or are subject to
normal and recurring year-end adjustments which were not or are not expected to
be material in amount.

     

    (s) Tax
Treatment.  Neither St. James nor, to the Knowledge of St.
James, any of its Affiliates has taken or agreed to take action that would
prevent the Merger Transactions from constituting a reorganization qualifying
under the provisions of Section 368 of the Tax Code.

     

    Section
7. Conditions to the
Merger.  The respective obligation of each party to effect the
Merger and the other transactions contemplated herein shall be subject to the
fulfillment at or prior to the Closing Date of the following conditions, any or
all of which may be waived, in whole or in part by the parties hereto, to the
extent permitted by applicable law:

     

    (a) The
Acquisitions shall have been consummated.

     

    (b) No party
shall have exercised any termination right.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (c) Any
governmental or third party approvals required to effect the Merger Transactions
shall have been obtained.

     

    Section
8. Global’s Conditions to the
Merger.  The obligation of Global to effect the Merger shall be
subject to the fulfillment at or prior to the Closing Date of the following
conditions, unless waived by Global:

     

    (a) Each of
the representations and warranties of St. James and Acquisition Sub contained in
this Agreement shall be true and correct as of the date of this Agreement,
except to the extent that any changes, circumstances or events making such
representations and warranties not true or correct would not, individually or in
the aggregate, constitute an Adverse Effect.

     

    (b) St. James
and Acquisition Sub shall have performed or complied in all material respects
with all agreements and covenants required by this Agreement to be performed or
complied with by it.

     

    (c) From the
date of this Agreement through the Effective Time, there shall not have occurred
any change, circumstance or event concerning St. James or Acquisition Sub that
has had or could be reasonably likely to have an Adverse Effect.

     

    Section
9. St. James and Acquisition Sub’s
Conditions.  The obligations of St. James and Acquisition Sub
to effect the Merger shall be subject to the fulfillment at or prior to the
Closing Date of the following conditions, unless waived by St.
James:

     

    (a) Each of
the representations and warranties of Global contained in this Agreement shall
be true and correct as of the date of this Agreement, except to the extent that
any changes, circumstances or events making such representations and warranties
not true or correct would not, individually or in the aggregate, constitute an
Adverse Effect.

     

    (b) Global
shall have performed or complied in all material respects with all agreements
and covenants required by this Agreement to be performed or complied with by it
on or prior to the Effective Time.

     

    (c) From the
date of this Agreement through the Effective Time, there shall not have occurred
any change, circumstance or event concerning Global and each of the parties
subject to the Acquisitions by Global that has had or could be reasonably likely
to have an Adverse Effect.

     

    (d) Global
shall have obtained such financing as is required for it to consummate the
Acquisitions and St. James shall have acquired sufficient financing, in its sole
and absolute discretion, to operate the acquired businesses in accordance with
its business plan.

     

    (e) Global
shall have obtained, and thereupon shall have delivered to St. James, financial
statements in respect of each of the Acquisitions in form and substance
sufficient then and there for inclusion by St. James in a Current Report on Form
8-K to be filed with the Securities and Exchange Commission within four business
days of Closing.

     

    (f) St. James
shall have conducted such financial and business due diligence in reap sect of
the Acquisitions and shall have been satisfied, in its sole and absolute
discretion, therewith.

     

    (g) St. James
shall not have disagreed with the Determination.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (h) Each of
the Acquisitions shall have been consummated.

     

    (i) St. James
shall have received from each holder of shares of Global capital stock (1) an
investor suitability questionnaire in form and substance satisfactory to St.
James, containing customary investment representations and certifying that such
holder is an “accredited investor” as defined in Regulation D of the Securities
Act or (2) confirmation of receipt of the appropriate disclosures required
pursuant to Rule 506 under Regulation D of the Securities Act.

     

    Section
10. Indemnification.  All
rights to indemnification by Global and St. James existing in favor of each
individual who is an officer or director of Global or St. James of the date of
this Agreement (each such individual, an “Indemnified Person”) for his acts and
omissions as a director or officer of Global or St. James occurring prior to the
Effective Time, as provided in Global or St. James' Articles of Incorporation or
Bylaws (as in effect as of the date of this Agreement) shall survive the Merger
Transactions and shall continue in full force and effect (to the fullest extent
such rights to indemnification are available under and are consistent with
applicable law) for a period of six years from the Closing Date.

     

    Section
11. Confidentiality.  Each
party shall ensure that any nonpublic information provided to it by any other
party in confidence shall be treated as strictly confidential and that all such
confidential information that each party or any of its respective officers,
directors, employees, attorneys, agents, investment bankers, or accountants may
now possess or may hereinafter create or obtain relating to the financial
condition, results of operations, businesses, properties, assets, liabilities,
or future prospects of the other such parties, any affiliate thereof, or any
customer or supplier thereof shall not be published, disclosed, or made
accessible by any of them to any other person at any time or used by any of
them, in each case without the prior written consent of the other party; provided, however, that the
restrictions of this Section shall not apply (a) as may otherwise be required by
law, (b) as may be necessary or appropriate in connection with the enforcement
of this Agreement, or (c) to the extent such information was in the public
domain when received or thereafter enters the public domain other than because
of disclosures by the receiving party.  Each such party shall, and
shall cause all of such other persons who received confidential information,
from time to time to deliver to the disclosing party all tangible evidence of
such confidential information to which the restrictions of this Section apply
upon written request.

     

    Section
12. Miscellaneous.

     

    (a) Survival.  The
representations and warranties of the parties will terminate at the Effective
Time and only those covenants that by their terms survive the Effective Time
shall survive the Effective Time.  This Section 12 shall survive the
Effective Time.

     

    (b) Press Releases and Public
Announcements.  No party will issue any press release or make
any public announcement relating to the subject matter of this Agreement without
the prior written approval of the other party; provided, however, that any
party may make any public disclosure it believes in good faith is required by
applicable law or any listing requirement or trading agreement.

     

    (c) No Third-Party
Beneficiaries.  This Agreement will not confer any rights or
remedies upon any person other than the parties and their respective successors
and permitted assigns.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (d) Notices.  All
notices required or permitted under this Agreement will be in writing and will
be given by certified or regular mail or by any other reasonable means
(including personal delivery, facsimile, or reputable express courier) to the
party to receive notice at the following addresses or at such other address as
any party may, by notice, direct:

     

    
      	
               
      

            	
              To
      St. James or

            	
              The
      Saint James Company

            

    

    
      	
                             
      Acquisition Sub:

            	
              The
      Saint James New Zealand Wine
Company

            

    

    
      	
               
      

            	
              Broadway
      Plaza

            

    

    
      	
               
      

            	
              520
      Broadway, Suite 350

            

    

    Santa
Monica, CA  90401

    Fax
number:  310-___-____

     

    
      	
               
      

            	
              To
      Global:

            	
              Global
      Management Services, Inc.

            

    

    3540 W.
Sahara Ave., Suite 20

    Las
Vegas, Nevada 89102

    Fax
number:  702-___-____

     

    All
notices given by certified mail will be deemed as given on the delivery date
shown on the return mail receipt, and all notices given in any other manner will
be deemed as given when received.

     

    (e) Waiver.  The
rights and remedies of the parties to this Agreement are cumulative and not
alternative.  Neither the failure nor any delay by any party in
exercising any right, power, or privilege under this Agreement or the documents
referred to in this Agreement will operate as a waiver of such right, power, or
privilege, and no single or partial exercise of any right, power, or privilege
will preclude any other or further exercise of such right, power, or privilege
or the exercise of any other right, power, or privilege.  To the
maximum extent permitted by applicable law, (a) no claim or right arising from
this Agreement or the documents referred to in this Agreement can be discharged
by one party, in whole or in part, by a waiver or renunciation of the claim or
right unless in writing signed by the waiving party, (b) no waiver that may be
given by a party will be applicable except in the specific instance for which it
is given, and (c) no notice to or demand on one party will be deemed to be
a waiver of any obligation of such party or of the right of the party giving
such notice or demand to take further action without notice or demand as
provided in this Agreement or the documents referred to in this
Agreement.

     

    (f) Further
Assurances.  The parties agree (a) to furnish upon request to
each other such further information, (b) to execute and deliver to each other
such other documents, and (c) to do such other acts and things, all as the
other party may reasonably request for the purpose of carrying out the intent of
this Agreement and of the documents referred to in this Agreement.

     

    (g) Successors and
Assigns.  This Agreement will be binding upon and inure to the
benefit of the parties and their respective successors and permitted
assigns.  No party may assign either this Agreement or any of its
rights, interests, or obligations hereunder without the prior written approval
of the other party, which may be granted or withheld at the sole discretion of
such other party.  Any unauthorized assignment is void.

     

    (h) Severability.  Any
provision of this Agreement that is invalid, illegal or unenforceable in any
jurisdiction will, as to that jurisdiction, be ineffective to the extent of such
invalidity, illegality or unenforceability, without affecting in any way the
remaining provisions hereof in such jurisdiction or rendering that or any other
provision of this Agreement invalid, illegal or unenforceable in any other
jurisdiction.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (i) Expenses.  Each
party will pay all fees and expenses (including, without limitation, legal and
accounting fees and expenses) incurred by such party in connection with the
transactions contemplated by this Agreement.

     

    (j) Governing
Law.  This Agreement will be governed by and construed in
accordance with the laws of the State of California, without giving effect to
principles of conflicts of laws.

     

    (k) Counterparts;
Signatures.  This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original, but all of which
will be one and the same document.  Facsimiles and electronic copies
in portable document format (“PDF”) containing original signatures shall be
deemed for all purposes to be originally signed copies of the documents that are
the subject of such facsimiles or PDF versions.

     

    (l) Entire
Agreement.  This Agreement, the schedules and exhibits hereto,
and the agreements and instruments to be delivered by the parties on Closing
represent the entire understanding and agreement between the parties and
supersede all prior oral and written and all contemporaneous oral negotiations,
commitments and understandings.

     

    [Signatures
on Following Page]

     

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

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

     

    
      
        	 	THE SAINT JAMES
      COMPANY	 
	 	 	 	 
	
              	
                By:
      

              	 	 
	 	 	Name:
      Wayne Gronquist	 
	 	 	Title: Chief
      Executive Officer	 
	 	 	 	 

      

    

    

    
      
        	 	THE SAINT JAMES NEW
      ZEALAND WINE COMPANY	 
	 	 	 	 
	
              	
                By:
      

              	 	 
	 	 	Name:
      Wayne Gronquist	 
	 	 	Title:
      Chief Executive Officer 	 
	 	 	 	 

      

    

    

    
      
        	 	GLOBAL MANAGEMENT
      SERVICES, INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

      

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

     

    Schedule
1

     

    Definitions

     

    “Adverse Effect” means, with
respect to each party, any effect or change that would have a material adverse
effect on the results of operations, financial condition, assets, properties or
business of the party, taken as a whole, or on the ability of the party to
consummate timely the transactions contemplated hereby.

     

    “Affiliate” has the meaning set
forth in Exchange Act Rule 12b-2.

     

    “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended, and the regulations
promulgated thereunder.

     

    “Effective Time” means the time
of acceptance for record of the Articles of Merger by the Secretary of State of
the State of Nevada in accordance with the Nevada Revised Statute (but not
earlier than the Closing Date) or at such later time that the parties hereto
shall have agreed upon and designated in such filing in accordance with
applicable law as the effective time of the Merger.

     

    “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.

     

    “Knowledge” means the actual
knowledge of the executive officers of a party, without independent
investigation.

     

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

     

    009900, 000080,
102733251

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