Document:

Exhibit 10.16

 Exhibit 10.16 
 TERRITORIAL SAVINGS BANK 
 SEPARATION PAY PLAN 
 AND 
 SUMMARY PLAN DESCRIPTION 

 ARTICLE 1. ESTABLISHMENT OF THE PLAN 
 Section 1.1 Establishment of the Plan. Effective January 1, 2009 (the “Effective Date”), Territorial Savings Bank (the “Bank”) established a self-insured severance
pay plan (the “Plan”), which provides benefits in the event Eligible Employees (as defined below) have an involuntary Separation from Service (as defined below) following a Change in Control (as defined below) of the Bank or Territorial
Bancorp Inc., the holding company of the Bank (the “Company”). This document also is designed to satisfy the requirements of a summary plan description. 
 Section 1.2 Plan Year. The Plan Year is the calendar year. 
 ARTICLE 2.
PARTICIPATION 
 Section 2.1 Eligible Employees. Each Eligible Employee, as hereafter defined,
will become a Participant in the Plan on the later of: 
 (a) the first day immediately following the date on which the Eligible Employee has
completed one year of continuous service with the Bank; or 
 (b) the Effective Date. 
 Notwithstanding the preceding, each officer and department head who is an Eligible Employee will become a Participant on his or her date of hire with the
Bank. 
 The term “Eligible Employee” means any regular full-time or part-time employee of the Bank, excluding (1) any
employee covered under an employment agreement or a change in control agreement (or similar agreement) providing severance pay and (2) any employee who is not paid a base compensation. For purposes of this Section, continuous service will be
measured from an employee’s most recent date of hire or rehire. If any employee is separated from service for any reason, he or she will be treated as a new employee upon reemployment and will not resume participation in the Plan until the
completion of one year of continuous service following reemployment. 
 ARTICLE 3. BENEFITS AND PAYMENT OF BENEFITS 
 Section 3.1 In General. Each Participant whose employment is involuntarily terminated, as defined in Treasury
Regulations Section 1.409A-1(n), (other than for personal performance reasons) within 24 months after a Change in Control (as defined below) will be eligible for separation pay benefits described in Section 3.2. 

 (a) In any event, no benefits will be payable under this Plan to any Participant: 
  

	 	(1)	whose employment with the Bank is terminated due to the sale of a business unit or subsidiary if continued employment is offered to the Participant; or 

  

	 	(2)	whose position is eliminated for any other reason if the Bank makes any offer of employment to the Participant: 

 (i) at a location within 40 miles of the Participant’s current place of employment; and 
 (ii) for a position for which the Participant holds the minimum qualifications; or 
  

	 	(3)	who refuses to sign a release in a form acceptable to the Bank. 

 (b) For purposes of this Plan, a “Change in Control” means any of the following: 
  

	 	(1)	Merger: The Company or the Bank merges into or consolidates with another entity, or merges another bank or corporation into the Bank or the Company, and as a result, less
than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation;

  

	 	(2)	Acquisition of Significant Share Ownership: There is filed, or is required to be filed, a report on Schedule 13D or another form or schedule (other than Schedule 13G)
required under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, if the schedule discloses that the filing person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the
Company’s or the Bank’s voting securities; provided, however, this clause (ii) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the
Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities; 

  

	 	(3)	 Change in Board Composition: During any period of two consecutive years, individuals who constitute the Company’s or the Bank’s Board of Directors
at the beginning of the two-year period cease for any reason to constitute at least a majority of the Company’s or the Bank’s Board of Directors; provided, however, 

  

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that for purposes of this clause (iii), each director who is first elected by the board (or first nominated by the board for election by the stockholders) by
a vote of at least two-thirds ( 2/3) of the directors who were directors at the beginning of the two-year period shall be
deemed to have also been a director at the beginning of such period; or 

  

	 	(4)	Sale of Assets: The Company or the Bank sells to a third party all or substantially all of its assets. 

 Notwithstanding anything in this Plan to the contrary, in no event shall the merger of any subsidiary or affiliate of the Company into another subsidiary
or affiliate of the Company constitute a “Change in Control” for purposes of this Plan. 
 3.2 Benefit Amount.

 (a) A Participant’s separation pay benefit will be based on the Participant’s rate of base compensation in effect at the
Participant’s date of Separation from Service, excluding commissions, bonuses, incentive payments and any type of equity or equity-based compensation. The amount of a Participant’s separation pay shall equal one month of separation pay for
each full year of service during which the Participant was employed by the Bank, with a minimum of one month of separation pay and a maximum of 24 months of separation pay; provided, however, that Participants who are at the level of senior vice
president and above on the date of their Separation from Service shall receive a minimum of 12 months of separation pay. 
 (b)
Notwithstanding section (a) above, in any event, the amount of the separation pay paid to any Participant shall not exceed two times the lesser of: (i) the Participant’s annualized compensation based on his or her annual rate of pay
for the calendar year preceding the year of the Separation from Service (adjusted for any regularly scheduled increase during that year that was expected to continue indefinitely if the Participant had not separated from service); or (ii) the
maximum amount that may be taken into account under a tax-qualified retirement plan under Code Section 401(a)(17) for the year in which the Participant’s Separation from Service occurred (i.e., for 2008, the 401(a)(17) amount was
$230,000). All separation payments shall be paid no later than the last day of the second calendar year following the year in which the Separation from Service occurs. Accordingly, this Plan is intended to be exempt from Code Section 409A under
the exception for separation pay plans set forth in Treasury Regulations Section 1.409A-1(b)(9), as published in the final regulations issued in April 2007. 
 (c) All payments hereunder are contingent upon the Participant’s involuntary termination of employment qualifying as a “Separation from Service,” as defined in Treasury Regulations
Section 1.409A-1(h). Furthermore, to the extent a Participant is a “Specified Employee,” as defined in Treasury Regulations Section 1.409A-1(i), solely to the extent necessary to avoid penalties under Code Section 409A,
payments shall be delayed until the first day of the seventh month following such Participant’s Separation from Service. 
  

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 Section 3.3 Form of Benefit Payment.  
 (a) Separation Pay. A Participant will receive separation pay in the form of direct deposit to his or her bank account in accordance with the
normal payroll process over the period of the separation pay. All applicable payroll taxes and withholding will be applied. Separation pay will begin by the second pay period following Separation from Service and upon execution by the Participant of
all required documentation to process payments. Separation pay under this Plan is not eligible to be treated as compensation under any other employee benefit plan maintained by the Bank, unless specifically authorized by such other employee benefit
plan. 
 (b) Health Insurance Continuation Coverage. In addition to separation pay described above, Participants who are at the level
of senior vice president and above on the date of their Separation from Service shall also be eligible to continue to participate in the Bank’s health insurance coverages for a period of up to one year after the date of his or her Separation
from Service. Such health insurance continuation coverage shall be based on the same cost-sharing terms and conditions with respect to the employer-paid and employee-paid portion of such coverages as was in effect on the date of the
Participant’s Separation from Service. If the Participant obtains health insurance coverage from a new employer, coverage under this paragraph shall cease as of the date that coverage under the new employer’s health insurance plan begins.
Any health insurance continuation coverage provided under this paragraph shall not be counted towards federal or state-mandated “COBRA” health care continuation coverage, such that, upon the expiration of coverage under this paragraph, the
Participant shall experience a COBRA qualifying event, effective as of the date that coverage under this paragraph ceases. 
 Section 3.4 Forfeitures of Benefits. A Participant will forfeit his or her right to any unpaid separation pay benefits and health insurance continuation coverage if he or she is reemployed by the Bank in any
position that meets the criteria in Section 3.1(a)(2) above. 
 Section 3.5 Applying for Benefits.
Notwithstanding any other provision of the Plan to the contrary, no separation pay or health insurance continuation benefits shall be paid to any Participant unless he or she applies for the benefits by completing and signing forms provided by the
Plan Administrator, including an application for benefits. Uniform rules regarding completion and submission of such forms shall be prescribed by the Plan Administrator. 
 ARTICLE 4. ADMINISTRATION OF PLAN 
 Section 4.1 Appointment of Plan
Administrator and Responsibility for Administration of Plan. The Bank shall serve as Plan Administrator and Claims Administrator and shall administer this Plan in accordance with its terms. The Plan Administrator may designate other persons
to carry out the responsibilities to control and manage the operation of the Plan. 
 Section 4.2 Agents.
The Plan Administrator may employ such agents, including counsel, as it may deem advisable for the administration of the Plan. Such agents need not be Participants under the Plan. 
  

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 Section 4.3 Compensation. The Bank shall pay all the expenses of the
Plan Administrator. The Bank shall indemnify the Plan Administrator and any employees of the Bank to whom responsibilities have been delegated under Section 4.1 against any liability incurred in the course of administration of the Plan, except
liability arising from their own gross negligence or willful misconduct. 
 Section 4.4 Records. The acts
and decisions of the Plan Administrator shall be duly recorded. The Plan Administrator shall make a copy of this Plan available for examination by any Participant during the business hours of the Bank. 
 Section 4.5 Defect or Omission. The Plan Administrator shall refer any material defect, omission or inconsistency in the
Plan to the Board of Directors of the Bank for such action as may be necessary to correct such defect, supply such omission or reconcile such inconsistency. 
 Section 4.6 Liability. Except for their own negligence, willful misconduct or breach of fiduciary duty, neither the Plan Administrator nor any agents appointed by the Plan
Administrator shall be liable to anyone for any act or omission in the course of the administration of the Plan. 
 Section 4.7 Contributions and Financing. All benefits required to be paid by the Bank under the Plan shall be paid as due directly by the Bank from its general assets. 
 ARTICLE 5. CLAIMS PROCEDURES 
 Section 5.1 Claims. 
 (a) General. These claims procedures contain administrative processes and
safeguards designed to ensure and to verify that benefit claim determinations are made in accordance with the governing Plan documents and that, where appropriate, the Plan provisions have been applied consistently with respect to similarly situated
claimants. These claims procedures shall not unduly inhibit or hamper the initial or processing of claims for benefits. The Plan Administrator shall be the Claims Administrator. 
 (i) No fees or costs are required to be paid as a condition to making a claim hereunder or to appeal an adverse benefit determination. 
 (ii) Claims made hereunder shall not be denied for failure to obtain a prior approval under circumstances that would make obtaining prior approval
impossible or application of the prior approval process could seriously jeopardize the life or health of the claimant. 
 (iii) Authorized
representatives of the claimant may act on behalf of the claimant in pursuing a benefit claim or appeal of an adverse benefit determination. The Claims Administrator may establish reasonable procedures for determining whether an individual is duly
authorized to act as a representative of a claimant. 
  

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 (b) Calculating Time Periods. When establishing the timing of notification of benefit
determinations (either initial claims or review of adverse benefit determinations), the period of time within which a benefit determination is required to be made shall begin at the time a claim is filed in accordance with the Plan’s
procedures, without regard to whether all of the information necessary to make a benefit determination accompanies the filing. In the event that a period of time is extended for making such determinations, as described below, due to a
claimant’s failure to submit information necessary to decide a claim, the period for making the benefit determination shall be tolled from the date on which the notification of the extension is sent to the claimant until the date on which the
claimant responds to the request for additional information. 
 Section 5.2 Timing of Notification of Benefit
Determination; General Rule. If a claim is wholly or partially denied, the Claims Administrator shall notify the claimant, in accordance with section 5.3 below, of the Plan’s adverse benefit determination within a reasonable period of
time, but not later than 90 days after receipt of the claim by the Plan, unless the Claims Administrator determines that special circumstances require an extension of time for processing the claim. If the Claims Administrator determines that an
extension of time for processing is required, written notice of the extension shall be furnished to the claimant prior to the termination of the initial 90-day period. In no event shall such extension exceed a period of 90 days from the end of such
initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan expects to make the benefit determination. 
 Section 5.3 Manner and Content of Notification of Benefit Determination. The Claims Administrator shall provide a
claimant with written or electronic notification of any adverse benefit determination. Any electronic notification shall comply with DOL Regulations section 2520.104b-1(c)(1)(i), (iii) and (iv). The notification shall set forth, in a manner
calculated to be understood by the claimant: 
 (i) the specific reasons for the adverse determination; 
 (ii) reference to the specific Plan provisions on which the determination is based; 
 (iii) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or
information is necessary; 
 (iv) a description of the Plan’s review procedures and the time limits applicable to such procedures,
including a statement of the claimant’s right to bring a civil action under ERISA section 502(a) following an adverse benefit determination on review. 
 Section 5.4 Appeal of Adverse Benefit Determinations. (a) Under this section 5.4, claimants shall have a reasonable opportunity to appeal an adverse benefit determination to an
appropriate named fiduciary of the Plan, which shall involve a full and fair review of the claim and adverse benefit determination. 
  

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 (b) Claimants shall have at least 60 days following receipt of a notification of an adverse benefit
determination within which to appeal the determination. 
 (c) Claimants shall have the opportunity to submit written comments, documents,
records and other information relating to the claim for benefits. 
 (d) Claimants shall be provided, upon request and free of charge,
reasonable access to, and copies of, all documents, records and other information relevant (as defined below) to the claimant’s claim for benefits. 
 (e) The review shall take into account all comments, documents, records, and other information submitted by the claimant relating to the claim, without regard to whether such information was submitted or considered in
the initial benefit determination. 
 Section 5.5 Timing of Notification of Benefit Determinations on
Review. 
 (a) Except as provided in subsection (b) below, the Claims Administrator shall notify a claimant in accordance with
section 5.6 of the Plan’s benefit determination on review within a reasonable period of time, but not later than 60 days after receipt of the claimant’s request for review by the Plan, unless the Claims Administrator determines that
special circumstances (such as the need to hold a hearing) require an extension of time for processing the claim. If the Claims Administrator determines that an extension of time for processing the claim is required, written notice of the extension
shall be furnished to the claimant prior to the termination of the initial 60-day period. In no event shall such extension exceed a period of 60 days from the end of the initial period. The extension notice shall indicate the special circumstances
requiring an extension of time and the date by which the Plan expects to render the determination on review. 
 (b) In the case of a Plan
with a committee or board of trustees designated as the appropriate named fiduciary that holds regularly scheduled meetings at least quarterly, subsection (a) shall not apply and the appropriate named fiduciary shall instead make a benefit
determination no later than the date of the meeting of the committee or board that immediately follows the Plan’s receipt of a request for review, unless the request for review is filed within 30 days preceding the date of such meeting. In such
case, a benefit determination may be made by no later than the date of the second meeting following the Plan’s receipt of the request for review. If special circumstances (such as the need to hold a hearing) require a further extension of time
for processing, a benefit determination shall be rendered not later than the third meeting of the committee or board following the Plan’s receipt of the request for review. If such an extension of time for review is required because of special
circumstances, the Claims Administrator shall provide the claimant with written notice of the extension, describing the special circumstances and the date as of which the benefit determination will be made, prior to the commencement of the
extension. The Claims Administrator shall notify the claimant in accordance with section 5.6 of the benefit determination as soon as possible, but not later than 5 days after the benefit determination is made. 
 Section 5.6. Manner and Content of Notification of Benefit Determination On Review. The Claims Administrator shall
provide a claimant with written or electronic notification of the Plan’s benefit determination on review. Any electronic notification shall 

  

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comply with DOL Regulations section 2520.104b-1(c)(1)(i), (iii) and (iv). In case of an adverse benefit determination, the notification shall set forth,
in a manner calculated to be understood by the claimant: 
 (a) the specific reasons for the adverse determination; 
 (b) reference to the specific Plan provisions on which the determination is based; 
 (c) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records
and other information relevant (as defined below) to the claimant’s claim for benefits; 
 (d) a statement describing any voluntary
appeal procedures offered by the Plan and the claimant’s right to obtain the information about such procedures and a statement of the claimant’s right to bring a civil action under ERISA section 502(a). 
 Section 5.7 Definitions. A document, record or other information is considered “relevant” to a claimant’s
claim if such document, record or other information: 
 (a) was relied upon in making the benefit determination; 
 (b) was submitted, considered, or generated in the course of making the benefit determination, without regard to whether such document, record or other
information was relied upon in making the benefit determination; or 
 (c) demonstrates compliance with the administrative processes and
safeguards of the Plan’s claims procedures in making the benefit determination. 
 Section 5.8 Limitation on
Time to File Lawsuits. Any claimant seeking benefits hereunder must file his or her action in federal court no later than six (6) months following the claimant’s exhaustion of this Plan’s administrative remedies. 

ARTICLE 6. MISCELLANEOUS PROVISIONS 
 Section 6.1 Plan Terms are Legally Enforceable. The Bank intends that the terms of this Plan, including those relating to coverage and benefits, are legally enforceable. 
 Section 6.2 Plan Exclusively Benefits Employees. The Bank intends that the Plan is maintained for the exclusive benefit
of employees of the Bank. 
 Section 6.3 Illegality of Particular Provision. The illegality of any
particular provision of the Plan shall not affect the other provisions, and the Plan shall be construed in all other respects as if such invalid provision were omitted. 
  

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 Section 6.4 Applicable Laws. To the extent not pre-empted by the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), the Plan shall be governed by the laws of the State of Hawaii. 
 Section 6.5 Non-Guaranty of Employment. Nothing in this Plan shall be construed as granting any Participant a right to employment with the Bank. 
 ARTICLE 7. AMENDMENT AND TERMINATION 
 Section 7.1
Amendment of the Plan. The Bank intends to maintain this Plan indefinitely, but reserves the right to amend, modify or terminate the Plan at any time. The Bank may make modifications or amendments to the Plan that are necessary or
appropriate to maintain the Plan as a plan meeting the requirements of the applicable provisions of ERISA. 
  

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 IN WITNESS WHEREOF, the undersigned duly authorized officer of the Bank has executed this Plan.

  

							
		 		 	TERRITORIAL SAVINGS BANK
				
	  
	 		 	By:	 	  

	Date	 		 		 	Allan S. Kitagawa, Chairman of the Board,
		 		 		 	President and Chief Executive Officer

  

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 SUMMARY PLAN DESCRIPTION DISCLOSURE 
 The Plan is defined under ERISA as an employee welfare benefit plan. As a welfare benefit plan, the Plan is not insured by the Pension Benefit Guaranty
Corporation (PBGC). Plan records are maintained on an annual basis; December 31 is the end of the Plan Year. The Employer Identification Number assigned to the Plan by the Internal Revenue Service is 99-0056630. The Plan Number assigned by the
Bank is 501. 
 FORMAL STATEMENT OF ERISA RIGHTS 
 The following statement of your ERISA rights is required by law and the applicable regulations to be provided to you: 
 As a Plan participant, you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Plan participants shall be entitled to: 

Receive Information About Your Plan and Benefits 
 Examine, without charge, at the Plan Administrator’s office and at other specified locations, such as worksites and union halls, all documents governing the Plan, including a copy of the latest annual report
(Form 5500 Series) filed by the Plan with the U.S. Department of Labor and available at the Public Disclosure Room of the Employee Benefits Security Administration. 
 Obtain, upon written request to the Plan Administrator, copies of documents governing the operation of the Plan, copies of the latest annual report (Form 5500 Series) and updated summary plan description. The Plan
Administrator may make a reasonable charge for the copies (not to exceed $.25 per page). 
 Prudent Actions by Plan Fiduciaries

 In addition to creating rights for Plan participants, ERISA imposes duties upon the people who are responsible for the operation of the
employee benefit plan. The people who operate your plan, called “fiduciaries” of the plan, have a duty to do so prudently and in the interest of you and other Plan participants and beneficiaries. No one, including your employer or any
other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a Plan benefit or exercising your rights under ERISA. 
 Enforce Your Rights 
 If your claim for a Plan benefit is denied or ignored, in whole or in part, you
have a right to know why this was done, to obtain copies of documents relating to the decision without charge, and to appeal any denial, all within certain time schedules. 
 Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request a copy of Plan documents or the latest annual report
from the plan and do not receive 

 
them within 30 days, you may file suit in a Federal court. In such a case, the court may require the Plan Administrator to provide the materials and pay you
up to $110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of the Plan Administrator. If you have a claim for benefits which is denied or ignored, in whole or in part, you may file suit
in a state or Federal court. If you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a Federal court. The court will decide who should pay court costs and legal
fees. If you are successful the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. 
 Assistance with Your Questions 
 If
you have any questions about the Plan, you should contact the Plan Administrator. If you have any questions about this statement or about your rights under ERISA, or if you need assistance in obtaining documents from the Plan Administrator, you
should contact the nearest office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Employee Benefits Security
Administration. 
 The general offices of the Plan Administrator, Territorial Savings Bank, are located at 1132 Bishop Street #2200,
Honolulu, Hawaii 96813. The telephone number is (808) 946-1400. Legal process should be served on the Plan Administrator. The President of the Bank is designated as agent for service of legal process at the above address. 
  

 2Asset Purchase Agreement

 Exhibit 10.1 
 ASSET PURCHASE AGREEMENT 
 THIS ASSET PURCHASE AGREEMENT (this “Agreement”)
is made as of the 15th day of September, 2006 (“Effective Date”) by and between Robert Fox and Lina Watson, individuals who are British citizens with principal business offices are located at 5 Welbury Avenue, Luton, Bedfordshire,
LU3 2DZ England (together, “Seller”), and Internet Revenue Services, Inc., a Nevada corporation whose principal offices are located at 222 Kearny Street, Suite 550, San Francisco, CA 94108 (“Buyer” or “IRS,
Inc.”). 
 RECITALS 
 A.
Seller is the current registrant of, and owns registration rights to, the domain name www.banks.com (the “Domain Name”). Buyer desires to purchase from Seller the Domain Name banks.com, and Seller desires to sell to Buyer the
Domain Name banks.com. NOW THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants, agreements and conditions hereinafter set forth, and intending to be legally bound hereby, the parties hereto agree as
follows. 
 1 PURCHASE AND SALE OF ASSETS 
 1.1. Assets to be Transferred. Subject to the terms and conditions of this Agreement, on the Closing Date (as hereinafter defined) Seller shall sell, transfer, convey, assign, and deliver to Buyer, and Buyer
shall purchase, all of the rights, claims and assets of Seller used, held for use, or acquired or developed for use with the Domain Name banks.com, other than assets expressly defined in this Agreement as Excluded Assets (collectively, the
“Purchased Assets”). The Purchased Assets shall include the following: 
 1.1.a) Domain Name. All of Seller’s right,
title and interest in, to and associated with the Domain Name, including, but not limited to, all registrations, trademark rights, if any, in the Domain Name and Internet traffic to the Domain Name. 
 1.1.b) Trade Rights. All of Seller’s interest in any Intellectual Property associated with the Domain Name banks.com. 
 1.1.c) Contracts. To the extent assignable by Seller, all of Seller’s rights in, to and under all contracts, agreements, affiliate programs,
insertion orders, licenses, and the like associated with the Domain Name banks.com (hereinafter “Contracts”), all as listed in Schedule 1.1.(c). Notwithstanding the above, if Seller fails to disclose any Contracts to Buyer in
Schedule 1.1.(c), Buyer shall have the right to reject as a Purchased Asset any such Contract within sixty (60) days following Buyer obtaining actual knowledge of the existence of such Contract, and in such event Seller shall indemnify Buyer
against any third party claim relating to such Contract. Upon assignment of the Domain Name and Contracts to Buyer, Buyer shall assume all of the obligations of Seller under the Contracts. 
 1.1.d) General Intangibles. All prepaid items, all causes of action arising out of occurrences before or after the Closing, and other intangible
rights and assets of the Domain Name banks.com. 

 1.2. Excluded Assets. The provisions of Section 1.1 notwithstanding, Seller
shall not sell, transfer, assign, convey or deliver to Buyer, and Buyer shall not purchase or accept the following assets of Seller (collectively the “Excluded Assets”). 
 1.2.a) Equipment. Seller’s machinery, equipment, hardware, servers, computers, furniture, and any similar personal property owned or held for
use by Seller on the Closing Date. 
 1.2.b) Consideration. The consideration delivered by Buyer to Seller pursuant to this Agreement.

 1.2.c) Real Property. Any lease or other interest in real property. 
 1.2.d) Rejected Contracts. Contracts rejected by Buyer pursuant to Section 1.1(e). 
 1.2.e) Tax Credits and Records. Federal, state and local income and franchise tax credits and tax refund claims and associated returns and records. Buyer
shall have reasonable access to such returns and records related to the Domain Name banks.com and Purchased Assets and may make excerpts therefrom and copies thereof subject to the prior approval of Seller, which approval shall not be unreasonably
withheld. 
 1.2.f) Accounts Receivable/Cash. All accounts receivable of Seller and Cash on hand or on account for Seller. 
 2 LIABILITIES 
 As used in this Agreement, the term
“Liability” shall mean and include any direct or indirect indebtedness, guaranty, endorsement, claim, loss, damage, deficiency, cost, expense, obligation or responsibility, fixed or unfixed, known or unknown, asserted or unasserted,
liquidated or unliquidated, secured or unsecured. 
 2.1. No Buyer Liabilities. Buyer is not assuming any Liabilities
of Seller and all such Liabilities shall be and remain the responsibility of Seller. Nothing contained herein shall cause Buyer to assume any liabilities or obligations arising out of the operation or ownership of the Purchased Assets prior to the
Closing, whether known or unknown at the Closing Date. 
 2.2. Seller Liabilities. Buyer is not assuming and Seller
shall not be deemed to have transferred to Buyer the following Liabilities of Seller (collectively the “Seller Liabilities”), and nothing contained herein shall cause Seller to assume any liabilities or obligations arising out of the
operation or ownership of the Purchased Assets after the Closing: 
 2.2.a) Taxes Arising from Transaction. Any taxes applicable to,
imposed upon or arising out of the sale or transfer of the Purchased Assets to Buyer and the other transactions contemplated by this Agreement, including but not limited to any income, transfer, sales, use, gross receipts or documentary stamp taxes.
Seller agrees to pay all taxes for which the Seller is liable. 
 2.2.b) Income and Franchise Taxes. Any Liability of Seller for
federal income taxes and any state or local income, profit or franchise taxes (and any penalties or interest due on account thereof). 

 2.2.c) Litigation Matters. Any Liability with respect to any action, suit, proceeding,
arbitration, or investigation or inquiry, whether civil, criminal or administrative (“Litigation”). 
 2.2.d)
Infringements. Any Liability to a third party arising from the operation or ownership of the Purchased Assets prior to the Closing Date for infringement of such third party’s patent, copyright, trademark, trade secret, or other
intellectual or proprietary right. 
 2.2.e) Employee Claims. Any Liability to or with respect to any employee or former employee of
the Seller, including, but not limited to, any Liability under any employee benefit plan, or for unpaid or accrued vacation or sick time, or severance pay. 
 2.2.f) Transaction Expenses. All expenses incurred by Seller in connection with this Agreement and the transactions contemplated herein. 
 2.2.g) Liability For Breach. Liabilities of Seller for any breach or failure to perform any of Seller’s covenants and agreements contained
in, or made pursuant to, this Agreement, or, prior to the Closing, any other contract, whether or not purchased hereunder. 
 2.2.h)
Liabilities to Customers. Liabilities of Seller to its present or former customers which arise from the operation of the Domain Name banks.com prior to the Closing. 
 2.2.i) Violation of Laws or Orders. Liabilities of Seller for any violation of or failure to comply with any statute, law, ordinance, rule or
regulation (collectively, “Laws”) or any order, writ, injunction, judgment, plan or decree (collectively, “Orders”) of any court, arbitrator, department, commission, board, bureau, agency, authority, instrumentality
or other body, whether federal, state, municipal, foreign or other (collectively, “Government Entities”). 
 3 PURCHASE PRICE PAYMENT

 3.1. Purchase Price. The purchase price (the “Purchase Price”) for the Domain Name
www.banks.com and the Purchased Assets shall be One Million, Three Hundred Thousand U.S. Dollars ($1,300,000), payable in cash to the Escrow Agent (as defined herein) at Closing. Buyer and Seller agree to use SEDO.com, LLC (“SEDO”)
as the escrow agent (the “Escrow Agent”) to complete the transaction. An escrow fee (the “Escrow Fee”) of 3.0% of the Purchase Price will be paid to the Escrow Agent, payable in the following manner: Buyer shall pay the portion
of the Escrow Fee representing 1.25%, and Seller shall pay the portion of the Escrow Fee representing 1.75%. The parties expressly acknowledge and agree that SEDO.com will not transfer to Seller any of the Purchase Price held in escrow until
registration of Banks.com has been transferred to the name of Buyer in Buyer’s designated registrar, as Buyer directs; provided however, that if the Domain Name does not transfer to Buyer within 15 business days after the Closing, Buyer shall
be entitled, at Buyer’s sole discretion and upon Buyer’s request to the Escrow Agent at any time after such 15-business day period, to return of the entire Purchase Price held in escrow. 
 3.2. Registrar and Transfer Fees. Seller shall be responsible for any fees payable to any third party to effectuate the transfer of
its right, title and interest in and registration of the Domain Name, as contemplated under this Agreement, including, without limitation, any fees payable to BB Online UK, Ltd., (the “Registrar”) in connection herewith. Buyer shall be
responsible for any registration fees charged by the Registrar for the continued registration of the Domain Name after the Closing. 

 3.3. Finder’s Fees. Buyer shall have no obligation to Seller or any other
third party with regard a finder’s fee, broker’s fee, or any other similar fee, and Buyer agrees to indemnify and hold Seller harmless from any and all claims that such a fee is payable. 
 3.4. Allocation of Purchase Price. The aggregate Purchase Price shall be allocated among the Purchased Assets in the manner
required by Section 1060 of the Internal Revenue Code of 1986, as amended (the “Code”) and the Treasury Regulations promulgated thereunder. As such, Seller and Buyer agree that 100% of the Purchase Price will be allocated to
“Intangibles” related to the purchased Domain Name set forth in this Agreement and goodwill arising from the transaction. To the extent that disclosures of this allocation are required to be made to the Internal Revenue Service
(“IRS”) under the provisions of Section 1060 of the Code or any Treasury Regulations promulgated thereunder, Buyer and Seller agree to follow and use such allocation in all tax returns, filings or other related reports made by them to
the IRS or any other United States of America governmental agency and in the event Seller is required to make any such disclosures, it shall communicate to Buyer the content of such disclosures and coordinate with Buyer regarding the required
disclosure prior to the filing with or submission to the IRS. 
 4 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller makes the following representations and warranties to Buyer, each of which is true and correct on the date hereof and shall remain true and correct
to and including the Closing Date. 
 4.1. Domain Name. 
 4.1.a) Seller is the registrant listed in the records of the Registrar as the sole owner of the registration of the Domain Name. 
 4.1.b) Seller has not used any fraud, misrepresentation, or otherwise made any false statement in the process of registration and maintenance of the
registration of the Domain Name on or in connection with the transaction underlying this Agreement. 
 4.1.c) No fees are owing to the
Registrar or any other government agency or other entity or party with regard to the registration of the Domain Name. Seller represents and warrants that all registration fees to the Registrar are current and shall remain so through the Closing.
Furthermore, Seller represents and warrants that it shall deliver under this Agreement all of Seller’s right, title and interest in the Domain Name, free and clear of all “Liens”, as defined in Section 4.8. 
 4.1.d) Seller has not licensed or otherwise allowed or enabled the use of the Domain Name to any other person or entity, or granted any right with
respect to the Domain Name to any other person or entity, that may, in any manner, whether currently or in the future, restrict, impede or adversely affect Buyer’s rights therein. 
 4.1.e) Other than one trademark application filed with the U.S. Patent and Trademark Office which was rejected and is no longer valid, Seller has not
obtained or filed an application to register a trademark with the US Patent and Trademark Office or other agency (domestic or foreign) of the Domain Name or any other mark confusingly similar to the Domain Name. 

 4.1.f) To the best of Seller’s knowledge, the ownership of registration of the Domain Name, and use
and operation of the Domain Name, do not infringe upon the trademark or other Trade Rights of any third party. 
 4.2.
Power and Authority. 
 4.2.a) Identity of Seller. Seller is comprised of two individuals who are citizens of the United
Kingdom. 
 4.2.b) Power. Seller has all requisite power and authority to own assets and carry on business as and where such is now
being conducted, to enter into this Agreement and the other documents and instruments to be executed and delivered by Seller pursuant hereto and to carry out the transactions contemplated hereby and thereby.. 
 4.2.c) Authority. Seller represents and warrants that no other or further act or proceeding on the part of Seller is necessary to authorize this
Agreement or the other documents and instruments to be executed and delivered by Seller pursuant hereto or the consummation of the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered, the other
documents and instruments to be executed and delivered by Seller pursuant hereto shall constitute, valid binding agreements of Seller, enforceable in accordance with their respective terms. 

 4.3. No Violation. Neither the execution and delivery of this Agreement or the
other documents and instruments to be executed and delivered by Seller pursuant hereto, nor the consummation by Seller of the transactions contemplated hereby and thereby (a) shall violate any applicable Law or Order, (b) shall require any
authorization, consent, approval, exemption or other action by or notice to any Government Entity, or (c) shall violate or conflict with, or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a
default) under, or shall result in the termination of, or accelerate the performance required by, or result in the creation of any Lien (as defined in Section 4.8 upon any of the assets of Seller under, any term or provision of the Articles of
Organization or Bylaws of Seller or of any contract, commitment, understanding, arrangement, agreement or restriction of any kind or character to which Seller is a party or by which Seller or any of its assets or properties may be bound or affected.

 4.4. Tax Matters. Seller has paid all federal, state and local taxes currently due relating to the Purchased Assets
and the Business through and including the Closing Date, including without limitation all sales and use tax, franchise tax and excise tax. 
 4.5. Absence of Undisclosed Liabilities. Except as and to the extent specifically disclosed in this Agreement, Seller does not have any Liabilities in respect of the Domain Name or the Purchased Assets other
than commercial liabilities and obligations incurred in the ordinary course of business and consistent with past practice and none of which has or shall have a material adverse effect on the Domain Name banks.com or the Purchased Assets. Seller has
no actual knowledge of any basis for the assertion against Seller of any Liability in connection with the Domain Name banks.com , and there are no circumstances, conditions, happenings, events or arrangements, contractual or otherwise, which may
give rise to Liabilities, except commercial liabilities and obligations incurred in the ordinary course of Seller’s business and consistent with past practice. 
 4.6. No Litigation. There is no pending or, to Seller’s actual knowledge, threatened, Litigation against Seller, its
affiliates, or their respective officers or directors (in such capacity), its business or any of its assets, in any way relating to or affecting the Domain Name banks.com , nor does Seller know, or have grounds to know, of any basis for any
Litigation. Neither Seller nor the Domain Name banks.com or any of the Purchased Assets is subject to any Order. 
 4.7.
Marketable Title. Seller has good and marketable title to the Domain Name banks.com and the Purchased Assets, free and clear of all mortgages, liens (statutory or otherwise), security interests, claims, or encumbrances of any nature
whatsoever (collectively, “Liens”). None of the Purchased Assets of the Domain Name banks.com is subject to any restrictions with respect to the transferability thereof. Seller has complete and unrestricted power and right to sell, assign,
convey and deliver the Domain Name banks.com and Purchase Assets to Buyer. At Closing, Buyer shall receive good and marketable title to the Domain Name banks.com and Purchased Assets, free and clear of all Liens. 
 4.8. Trade Rights. To the best of Seller’s actual knowledge, Seller is not infringing and has not infringed any Trade Rights
of another in the operation of the Domain Name banks.com, nor is any other person infringing the Trade Rights of Seller. There is no Litigation pending or, to Seller’s actual knowledge, threatened, to challenge Seller’s right, title and
interest with respect to its continued use of the Trade Rights in connection with the Domain Name banks.com , as such is currently being conducted, and right to preclude others from using any Trade Rights of Seller. Seller is not aware of any facts
or circumstances that could give rise to such Litigation. All Trade Rights of Seller are valid, enforceable and in good standing, and there are no equitable defenses to enforcement based on any act or omission of Seller. 

 4.9. Assets Necessary to use the Domain Name banks.com. The Purchased Assets
include all property and assets (except for the Excluded Assets), which are necessary to permit Buyer to carry on the with the use of Domain Name banks.com as presently conducted. 
 4.10. Brokers or Finders. Other than a broker’s fee payable to Renown by Seller, neither Seller nor any of its employees,
representatives or agents have retained, employed or used any broker or finder in connection with the transactions provided for herein or the negotiation thereof. 
 5 REPRESENTATIONS AND WARRANTIES OF BUYER 
 Buyer makes the following representations and warranties to Seller, each of which
is true and correct on the date hereof and shall remain true and correct to and including the Closing Date. 
 5.1.
Corporate. 
 5.1.a) Organization. Buyer is a corporation duly organized, validly existing and in good standing under the laws
of the State of Nevada. 
 5.1.b) Corporate Power. Buyer has all requisite corporate power to enter into this Agreement and the other
documents and instruments to be executed and delivered by Buyer and to carry out the transactions contemplated hereby and thereby. 
 5.2. Authority. The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered by Buyer pursuant hereto and the consummation of the transactions contemplated hereby and thereby have
been duly authorized by the Board of Directors of Buyer. No other corporate act or proceeding on the part of Buyer or its shareholders is necessary to authorize this Agreement or the other documents and instruments to be executed and delivered by
Buyer pursuant hereto or the consummation of the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered, the other documents and instruments to be executed and delivered by Buyer pursuant hereto
shall constitute, valid and binding agreements of Buyer, enforceable in accordance with their respective terms, except as such may be limited by bankruptcy, insolvency, reorganization or other laws affecting creditors’ rights generally, and by
general equitable principles. 
 5.3. No Brokers or Finders. Neither Buyer nor any of its directors, officers,
employees, affiliates or agents have retained, employed or used any broker or finder in connection with the transactions provided for herein or the negotiation thereof. 
 6 COVENANTS OF THE PARTIES 
 The parties covenant and agree as follows, which covenants shall survive
the Closing except as otherwise provided below: 
 6.1. Non-Use and Non-Interference. Seller covenants and agrees that
neither Seller nor any of its affiliates and representatives shall, directly or indirectly, (i) make further use of the Domain Name as of the Closing Date; (ii) challenge, interfere, obstruct, or solicit, encourage or assist others to
challenge or otherwise interfere with, Buyer’s title, interest, right or use of the Domain Name; (iii) use or register any of the following domain names: “bank” or “banks” followed by .com, .net, .org., .info or any
other TLD related to such domain name; or (iv) take or refrain from any action that may detrimentally affect the registrability, validity 

 of, or commercial value associated with the Domain Name, including the goodwill associated therewith. In
the event a court of competent jurisdiction determines that the provisions of this covenant are excessively broad as to duration, geographical scope or activity, it is expressly agreed that this covenant shall be construed so that the remaining
provisions shall not be affected, but shall remain in full force and effect, and any such overbroad provisions shall be deemed, without further action on the part of any person, to be modified, amended and/or limited, but only to the extent
necessary to render the same valid and enforceable in such jurisdiction. This provision shall survive the Closing. 
 6.2.
Confidential Information. Seller shall not at any time subsequent to the Closing, except as explicitly requested by Buyer, use for any purpose or disclose to any person, documents, tapes, discs, programs or other information storage media
(“Records”) containing any Confidential Information concerning the Domain Name banks.com or Purchased Assets, all such information being deemed to be transferred to the Buyer hereunder. For purposes hereof, “Confidential
Information” shall mean and include, without limitation and with respect only to the Domain Name banks.com or the Purchased Assets, all Intellectual Property, customer and vendor lists and related information, information concerning
Seller’s operations, strategies, processes, products, software, sales, marketing and distribution methods, properties and assets, liabilities, finances, all privileged communications and work product related to the title, interest, right of
use, registrability, validity or commercial value of the Domain Name, and any other information not previously disclosed to the public directly by Seller. If at any time after Closing Seller should discover that it is in possession of any Records
containing Confidential Information, Seller shall promptly turn such Records over to Buyer, subject to Seller’s right to retain copies thereof. Seller covenants and agrees that it shall not assert a waiver or loss of confidential or privileged
status of the information based upon such possession or discovery. Seller hereby consents to Buyer’s consultation with legal, accounting and other professional advisors to Seller concerning advice rendered to Seller prior to the Closing
regarding the Domain Name banks.com or Purchased Assets, excluding, however, the negotiation and drafting of this Agreement and the transactions entered into pursuant hereto. This provision shall survive the Closing. 
 7 . .INDEMNIFICATION BY SELLER 
 7.1. Indemnity. Subject to the terms and conditions of this Article 7, Seller, hereby agrees to compensate, indemnify, and hold harmless Buyer, and its directors, officers, employees and controlled and controlling persons
(collectively, the “Buyer Indemnified Parties”), and at Buyer’s option and request defend the Buyer Indemnified Parties, from and against all Claims asserted against, resulting to, imposed upon, or incurred by the Buyer Indemnified
Parties or the Domain Name banks.com and Purchased Assets transferred to Buyer pursuant to this Agreement, directly or indirectly, by reason of, arising out of or resulting from (a) the inaccuracy or breach of any representation or warranty of
Seller contained in or made pursuant to this Agreement; (b) the breach of any covenant of Seller contained in this Agreement; (c) any Claim brought by or on behalf of any broker or finder retained, employed or used by Seller or any of its
employees, representatives or agents in connection with the transactions provided for herein or the negotiations thereof, whether or not disclosed herein; (d) any Claim by or in respect of an employee or former employee of Seller; (e) any
Claim of or against Seller, the Purchased Assets not specifically and expressly assumed by Buyer pursuant hereto; or (f) all Seller Liabilities. As used in this Article 7, the term “Claim” shall include (i) all losses,
deficiencies, damages (including, without limitation, consequential damages), judgments, awards, penalties and settlements; (ii) all demands, claims, suits, actions, causes of action, proceedings and assessments, whether or not ultimately
determined to be valid; and (iii) all costs and expenses (including, without limitation, interest (including prejudgment interest in any litigated or arbitrated matter), court costs and fees and expenses of attorneys and expert witnesses) of
investigating, defending or asserting any of the foregoing or of enforcing this Agreement. 

 7.2. Seller’s Rights. Anything in this Article 7 to the contrary
notwithstanding, (i) if there is a reasonable probability that a Claim may materially and adversely affect the Buyer Indemnified Party other than as a result of money damages or other money payments, the Buyer Indemnified Party shall have the
right to defend, compromise or settle such Claim, and (ii) the Seller shall not, without the written consent of the Buyer Indemnified Party, settle or compromise any Claim or consent to the entry of any judgment which does not include as an
unconditional term thereof the giving by the claimant or the plaintiff to the Buyer Indemnified Party of a release from all Liability in respect of such Claim. 
 8 INDEMNIFICATION BY BUYER 
 8.1. Indemnity. Subject to the terms and conditions of this Article 8,
Buyer hereby agrees to compensate, indemnify, and hold harmless Seller, and its directors, officers, employees and controlled and controlling persons (collectively, the “Seller Indemnified Parties”), and at Seller’s option and request
defend the Seller Indemnified Parties, from and against all Claims asserted against, resulting to, imposed upon, or incurred by the Seller Indemnified Parties, directly or indirectly, by reason of, arising out of or resulting from (a) the
inaccuracy or breach of any representation or warranty of Buyer contained in or made pursuant to this Agreement; (b) the breach of any covenant of Buyer contained in this Agreement; (c) any Claim by or in respect of an employee or former
employee of Buyer; or (d) any Claim of or against Buyer not specifically and expressly assumed by Seller pursuant hereto. The term “Claim” as used herein shall have the same meaning as in Article 7 hereof. 
 8.2. Buyer’s Rights. Anything in this Article 8 to the contrary notwithstanding, (i) if there is a reasonable probability
that a Claim may materially and adversely affect the Seller Indemnified Party other than as a result of money damages or other money payments, the Seller Indemnified Party shall have the right to defend, compromise or settle such Claim, and
(ii) the Buyer shall not, without the written consent of the Seller Indemnified Party, settle or compromise any Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the giving by the claimant or
the plaintiff to the Seller Indemnified Party of a release from all Liability in respect of such Claim. 
 9 CLOSING 
 The closing of this transaction (the “Closing”) shall take place, whether in person or through a “mail-away” closing, no later
than September 30, 2006, at such time and place as the parties hereto shall mutually agree. Such date is referred to in this Agreement as the “Closing Date”. At the Closing, the documents, instruments and writings in respect of the
Purchased Assets to be delivered by Seller, and the Purchase Price that is to be paid by Buyer at Closing under Section 3.1, shall be delivered simultaneously. 
 9.1. Seller Deliveries. At the Closing, Seller shall deliver to Buyer or Buyer’s designee the following documents, in each
case duly executed or otherwise in proper form: 
 9.1.a) Bills of Sale. Bills of sale and such other instruments of assignment,
transfer, conveyance and endorsement, as shall be sufficient in the reasonable opinion of Buyer and its counsel to transfer, assign, convey and deliver to Buyer the Purchased Assets as contemplated hereby. 
 9.1.b) Other Documents. All other documents, instruments or writings required to be delivered to Buyer at or prior to the Closing pursuant to this
Agreement and such other certificates of authority and documents as Buyer may reasonably request. 

 9.2. Buyer Deliveries. At the Closing, Buyer shall deliver the following items, in
each case duly executed or otherwise in proper form: 
 9.2.a) Purchase Price. To Escrow Agent, the Purchase Price in accordance with
Section 3.1. 
 9.2.b) Other Documents. To Seller, all other documents, instruments or writings required to be delivered to
Seller at or prior to the Closing pursuant to this Agreement and such other certificates of authority and documents as Seller may reasonably request. 
 10 CONDITIONS PRECEDENT TO CLOSING 
 10.1. Conditions Precedent to Buyer’s Performance. All
obligations of Buyer under this Agreement are subject to the fulfillment, prior to or at the closing, of each of the following conditions: (i) Seller shall have performed and complied in all respects with all agreements and conditions required
by this Agreement to be performed or complied with by it prior to or at the Closing. 
 10.2. Conditions Precedent to
Seller’s Performance. All obligations of Seller under this Agreement are subject to the fulfillment, prior to or at the closing, of the following condition: (i) Buyer shall have performed and complied in all respects with all
agreements and conditions required by this Agreement to be performed or complied with by it prior to or at the Closing. 
 11 MISCELLANEOUS

 11.1. Further Assurance. 
 (a) From time to time, at Buyer’s request and without further consideration, Seller shall do, acknowledge, execute and deliver all such further acts, deeds, assignments, transfers, conveyances, powers of attorney
and other such documents, instruments and consents as may be reasonably necessary or appropriate to consummate more effectively the transactions contemplated hereby, to discharge the covenants of Seller and to vest in Buyer good, valid and
marketable title to the Domain Name and the Purchased Assets, including but not limited to, completing, executing and delivering the necessary registrant name change agreement pertaining to the Domain Name and executing any and all documents and
notices necessary for the assignment to Buyer of any Contracts. 
 (b) Seller recognizes that Buyer may need financial or other data with
respect to the Domain Name banks.com covering periods prior to or after the Closing in order to comply with rules and regulations of the United States Securities and Exchange Commission, courts or other governmental organizations and
agencies, and Seller shall render reasonable cooperation to Buyer and its auditors (at Buyer’s expense) to provide such information upon request. 
 11.2. Disclosures and Announcements. All press releases and other public disclosures and announcements concerning the transactions provided for in this Agreement shall be made only by Buyer, and Buyer shall
seek input from Seller on content and timing of such disclosures and announcements. In no event shall Seller’s approval be required, however, particularly with respect to any statements and other information which Buyer may submit to the
Securities and Exchange Commission or Buyer’s stockholders or be required to make pursuant to any rule or regulation of the Securities and Exchange Commission or NASDAQ, or otherwise required by law. 

 11.3. Assignment; Parties in Interest. 
 11.3.a) Assignment. Except as expressly provided herein, the rights and obligations of a party hereunder may not be assigned, transferred or
encumbered without the prior written consent of the other parties. 
 11.3.b) Parties in Interest. This Agreement shall be binding
upon, inure to the benefit of, and be enforceable by the respective successors and permitted assigns of the parties hereto. Nothing contained herein shall be deemed to confer upon any other person any right or remedy under or by reason of this
Agreement. 

 11.4. Equitable Relief. The parties agree that any breach of the covenants
contained in Article 6 hereof shall result in irreparable injury to the non-breaching party for which a remedy at law would be inadequate; and that, in addition to any relief at law which may be available to the non-breaching party for such breach
and regardless of any other provision contained in this Agreement, such party shall be entitled to injunctive and other equitable relief as a court may grant. This Section 11.4 shall not be construed to limit a party’s right to obtain
equitable relief for other breaches of this Agreement under general equitable standards. 
 11.5. Law Governing Agreement;
Jurisdiction and Venue. This Agreement shall be construed and interpreted according to the internal laws of the State of Delaware, excluding any choice of law rules that may direct the application of the laws of another jurisdiction. In the
event it shall become necessary for any party to take action of any type whatsoever to enforce the terms of this Agreement, venue shall lie exclusively in the state or federal courts sitting in New York, New York. The parties consent to the personal
jurisdiction of the aforementioned venues in any action concerning or relating to the Agreement, and any objections to personal jurisdiction are hereby expressly waived. THE PARTIES HEREBY EXPRESSLY WAIVE ANY AND ALL RIGHT TO A TRIAL BY JURY WITH
RESPECT TO ANY ACTION, PROCEEDING OR OTHER LITIGATION RESULTING FROM OR INVOLVING THE ENFORCEMENT OF THIS AGREEMENT OR A DISPUTE UNDER OR RELATING TO THIS AGREEMENT. Process and pleadings mailed to a party at the address provided in
Section 11.7 shall be deemed properly served and accepted for all purposes. 
 11.6. Amendment and Modification.
No purported modification, amendment or waiver of this Agreement or its terms shall be effective unless it is in writing and signed by Buyer and Seller. 
 11.7. Notice. All notices, requests, demands and other communications hereunder shall be given in writing and shall be: (a) personally delivered; (b) sent by telecopier, facsimile transmission or
other electronic means of transmitting written documents; or (c) sent to the parties at their respective addresses indicated herein by registered or certified mail, return receipt requested and postage prepaid, or by private overnight mail
courier service. The respective addresses to be used for all such notices, demands or requests are as follows: 
  

	 	(a)	If to Buyer, to: 

 Internet Revenue
Services, Inc. 
 250 Montgomery Street 
 Suite 1200 
 San Francisco, CA 94104 
 Attn: Daniel M. O’Donnell 
 Facsimile: (415) 869-5403 
 With copies to: 
 Foley & Lardner LLP 
 100 N. Tampa Street 
 Suite 2700 
 Tampa, FL 33602 
 Attn: Martin A. Traber, Esq. 
 Facsímile: (813) 221-4210 
 or to such other person or address as Buyer shall
furnish to Seller in writing. 

	 	(b)	If to Seller, to: 

 Robert Fox and Lina
Watson 
 PO Box 2162 
 Luton, Beds 
 LU3 2YT, UK 
 Fax: 0044 1582 585057 
 With copies to: 
 Anthony D. Martin, Esq., Attorney-at-Law 
 Alderley House 
 Andertons Mill 
 Heskin 
 Lancashire 
 PR7 5PY 
 England 
 Fax: 0044 1257 451383 
 or to such other person or address as Seller shall furnish to Buyer
in writing. 
 If personally delivered, such communication shall be deemed delivered upon actual receipt; if electronically transmitted
pursuant to this paragraph, such communication shall be deemed delivered the next business day after transmission (and sender shall bear the burden of proof of delivery); if sent by overnight courier pursuant to this paragraph, such communication
shall be deemed delivered upon receipt; and if sent by mail pursuant to this paragraph, such communication shall be deemed delivered as of the date of delivery indicated on the receipt issued by the relevant postal service, or, if the addressee
fails or refuses to accept delivery, as of the date of such failure or refusal. Any party to this Agreement may change its address for the purposes of this Agreement by giving notice thereof in accordance with this Section. 
 11.8. Expenses. Regardless of whether or not the transactions contemplated hereby are consummated, each of the parties shall bear
its own expenses and the expenses of its counsel and other agents in connection with the transactions contemplated hereby. The parties agree that the prevailing party in any action brought with respect to or to enforce any right or remedy under this
Agreement shall be entitled to recover from the other party or parties all reasonable costs and expenses of any nature whatsoever incurred by the prevailing party in connection with such action, including without limitation attorneys’ fees and
prejudgment interest. 
 11.9. Entire Agreement. This instrument, along with all exhibits and schedules thereto,
embodies the entire agreement between the parties hereto with respect to the transactions contemplated herein, and there have been and are no agreements, representations or warranties between the parties other than those set forth or provided for
herein. Each party warrants that it has relied solely on its own diligent investigations as well as on the representations and this Agreement. 
 11.10. No Warranty of Profitability. Buyer acknowledges that Seller makes no claims, representation or warranty as to the future profitability of the Domain Name. 
 11.11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. 
 11.12. Delivery by Facsimile. This Agreement and
each other agreement or instrument entered into in connection herewith, to the extent signed and delivered by 

 means of a facsimile machine, shall be treated in all manner and respects as an original agreement or
instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or
thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine to deliver a signature or the fact that any signature or
agreement or instrument was transmitted or communicated through the use of facsimile machine as a defense to the enforceability of a contract and each such party forever waives any such defense. 
 11.13. Headings. The headings in this Agreement are inserted for convenience only and shall not constitute a part hereof.

 11.14. Severability. If any clause or provision herein contained operates or would operate to invalidate this
Agreement in whole or in part, then such clause or provision only shall be deemed severed and not a part hereof, as though not contained herein, and the remainder of this Agreement shall remain operative and in full force and effect. 
 11.15. Contract Interpretation. Ambiguities, inconsistencies, or conflicts in this Agreement shall not be strictly construed
against the drafter of the language but shall be resolved by applying the most reasonable interpretation under the circumstances, giving full consideration to the parties’ intentions at the time this Agreement is entered into. Each party hereto
agrees that it has consulted with, or had ample opportunity to consult with, counsel of its own choosing. Where the context of this Agreement requires, singular terms shall be considered plural, and plural terms shall be considered singular. Where
any group or category of items or matters is defined collectively in the plural number, any item or matter within such definition may be referred to using such defined term in the singular number. 

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

			
	“BUYER”
	
	INTERNET REVENUE SERVICES, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	President and CEO
	
	“SELLER”
		
	By:	 	 /s/ Robert Fox

	Name:	 	Robert Fox
		
	By:	 	 /s/ Lina Watson

	Name:	 	Lina Watson

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