Document:

EX 10.6

SHARE EXCHANGE AGREEMENT

This SHARE EXCHANGE
AGREEMENT (this “Agreement”), dated as of June 19, 2013, is by and among Shades Holdings,
Inc., a Florida corporation (the “Parent”), Shades of Fragrances, Inc., a Florida corporation (the “Company”),
and the Shareholder of the Company signatory hereto (the “Shareholder”). Each of the parties to this Agreement
is individually referred to herein as a “Party” and collectively as the “Parties.”

BACKGROUND

 

The Company has One
Million (1,000,000) shares of common stock (the “Company Shares”) outstanding, all of which are held
by the Shareholder. The Shareholder has agreed to transfer the Company Shares in exchange for an aggregate of Twenty
Four Million (24,000,000) newly issued shares of common stock, par value $0.0001 per share, of the Parent, (the “Parent
Stock”).

The exchange of Company
Shares for Parent Stock is intended to constitute a reorganization within the meaning of the Internal Revenue Code of 1986, as
amended (the “Code”), or such other tax free reorganization or restructuring provisions as may be available
under the Code.

The Board of Directors
of each of the Parent and the Company has determined that it is desirable to effect this plan of reorganization and share exchange.

AGREEMENT

 

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

ARTICLE
I

Exchange of Shares

SECTION
1.01.                   
 Exchange by the Shareholder. At the Closing (as defined in Section 1.02), the Shareholder shall sell, transfer,
convey, assign and deliver to the Parent all of the Company Shares free and clear of all Liens in exchange for an aggregate of
24,000,000 shares of Parent Stock.

SECTION
1.02.                   
Closing. The closing (the “Closing”) of the transactions contemplated by this Agreement (the
“Transactions”) shall take place on the Effective Date (as defined below) at such location to be determined
by the Company and Parent, commencing upon the satisfaction or waiver of all conditions and obligations of the Parties to consummate
the Transactions contemplated hereby, as more fully set forth in Section 1.03 herein (other than conditions and obligations with
respect to the actions that the respective Parties will take at Closing) or such other date and time as the Parties may mutually
determine (the “Closing Date”).

SECTION
1.03                    
 Closing Conditions. The effective date of the Closing (the “Effective Date” shall be
subject to the satisfaction in full of the conditions set forth in Article VI herein.

ARTICLE
II

Representations and Warranties of the Shareholder

The Shareholder
hereby represents and warrants to the Parent, as follows:

SECTION
2.01.                   
Good Title. The Shareholder is the record and beneficial owner, and has good and marketable title to its Company
Shares, with the right and authority to sell and deliver such Company Shares to Parent as provided herein. Upon registering of
the Parent as the new owner of such Company Shares in the share register of the Company, the Parent will receive good title to
such Company Shares, free and clear of all liens, security interests, pledges, equities and claims of any kind, voting trusts,
shareholder agreements and other encumbrances (collectively, “Liens”).

SECTION
2.02.                   
Power and Authority. All acts required to be taken by the Shareholder to enter into this Agreement and to carry
out the Transactions have been properly taken. This Agreement constitutes a legal, valid and binding obligation of the Shareholder,
enforceable against such Shareholder in accordance with the terms hereof.

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

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

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

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

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

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

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

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

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

SECTION
2.10.                   
Accredited Investor. The Shareholder is an “accredited investor” within the meaning of Rule 501 under
the Securities Act and the Shareholder was not organized for the specific purpose of acquiring the Parent Stock.

SECTION
2.11Shareholder Acknowledgment. The Shareholder acknowledges that it has read the representations and warranties of
the Company set forth in Article III herein and such representations and warranties are, to the best of his or her knowledge,
true and correct as of the date hereof.

 

 

 

ARTICLE
III

Representations and Warranties of the Company

The Company represents
and warrants to the Parent as follows:

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

SECTION
3.02.                   
Capital Structure. The authorized share capital of the Company consists of One Million (1,000,000) shares of common
stock with One Million (1,000,000) shares outstanding and no shares of preferred stock authorized. No other shares or other voting
securities of the Company are issued, reserved for issuance or outstanding. All outstanding shares of the Company are duly authorized,
validly issued, fully paid and non-assessable and not subject to or issued in violation of any purchase option, call option, right
of first refusal, preemptive right, subscription right or any similar right under any provision of the applicable corporate laws
of its state of incorporation, the Company Charter Documents or any Contract (as defined in Section 3.04) to which the Company
is a party or otherwise bound. There are no bonds, debentures, notes or other indebtedness of the Company having the right to
vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders of Company
Shares may vote (“Voting Company Debt”). Except as otherwise set forth herein, as of the date of this Agreement,
there are no options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation
rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which the Company is
a party or by which the Company is bound (i) obligating the Company to issue, deliver or sell, or cause to be issued, delivered
or sold, additional shares or other equity interests in, or any security convertible or exercisable for or exchangeable into any
shares or capital stock or other equity interest in, the Company or any Voting Company Debt, (ii) obligating the Company to issue,
grant, extend or enter into any such option, warrant, call, right, security, commitment, Contract, arrangement or undertaking
or (iii) that give any person the right to receive any economic benefit or right similar to or derived from the economic benefits
and rights occurring to holders of the shares or capital stock of the Company.

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

SECTION
3.04.                   
No Conflicts; Consents.

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

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

SECTION
3.05.                   
Taxes.

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

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

(c)               
For purposes of this Agreement:

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

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

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

SECTION
3.07.                   
Litigation. There is no action, suit, inquiry, notice of violation, proceeding (including any partial proceeding
such as a deposition) or investigation pending or threatened in writing against or affecting the Company, or any of its properties
before or by any court, arbitrator, governmental or administrative agency, regulatory authority (federal, state, county, local
or foreign), stock market, stock exchange or trading facility (“Action”) which (i) adversely affects or challenges
the legality, validity or enforceability of any of this Agreement or the Parent Stock or (ii) could, if there were an unfavorable
decision, individually or in the aggregate, have or reasonably be expected to result in a Company Material Adverse Effect. Neither
the Company nor any director or officer thereof (in his or her capacity as such), is or has been the subject of any Action involving
a claim or violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty.

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

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

SECTION
3.10.                   
Contracts. There are no Contracts that are material to the business, properties, assets, condition (financial or
otherwise), results of operations or prospects of the Company and its subsidiaries taken as a whole. The Company is not in violation
of or in default under (nor does there exist any condition which upon the passage of time or the giving of notice would cause
such a violation of or default under) any Contract to which it is a party or by which it or any of its properties or assets is
bound, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected to result in
a Company Material Adverse Effect.

SECTION
3.11.                   
Title to Properties. The Company has sufficient title to, or valid leasehold interests in, all of its properties
and assets used in the conduct of its businesses. All such assets and properties, other than assets and properties in which the
Company has leasehold interests, are free and clear of all Liens other than those Liens that, in the aggregate, do not and will
not materially interfere with the ability of the Company to conduct business as currently conducted. The Company owns the registered
“Phantom” trademark, Registration No. 2773716, free and clear of all Liens.

SECTION
3.12.                   
Insurance. The Company does not hold any insurance policy.

SECTION
3.13.                   
Application of Takeover Protections. The Company has taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other
similar anti-takeover provision under the Company’s charter documents or the laws of its state of incorporation that is
or could become applicable to the Shareholder as a result of the Shareholder and the Company fulfilling their obligations or exercising
their rights under this Agreement, including, without limitation, the issuance of the Parent Stock and the Shareholder’s
ownership of the Parent Stock.

SECTION
3.14.                   
Labor Matters. There are no collective bargaining or other labor union agreements to which the Company is a party
or by which it is bound. No material labor dispute exists or, to the knowledge of the Company, is imminent with respect to any
of the employees of the Company.

SECTION
3.15.                   
ERISA Compliance; Excess Parachute Payments. The Company does not, and since its inception never has, maintained,
or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare
benefit plans” (as defined in Section 3(1) of ERISA) or any other Company Benefit Plan for the benefit of any current or
former employees, consultants, officers or directors of Company.

SECTION
3.16.                   
Investment Company. The Company is not, and is not an affiliate of, and immediately following the Closing will not
have become, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

SECTION
3.17.                   
Disclosure. The Company confirms that neither it nor any person acting on its behalf has provided the Shareholder
or their respective agents or counsel with any information that the Company believes constitutes material, non-public information,
except insofar as the existence and terms of the proposed transactions hereunder may constitute such information and except for
information that will be disclosed by the Parent under a current report on Form 8-K filed no later than four (4) business days
after the Closing. The Company understands and confirms that the Parent will rely on the foregoing representations and covenants
in effecting transactions in securities of the Parent. All disclosure provided to the Parent regarding the Company, its business
and the Transactions, furnished by or on behalf of the Company (including the Company’s representations and warranties set
forth in this Agreement) are true and correct and do not contain any untrue statement of a material fact or omit to state any
material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made,
not misleading.

SECTION
3.18.                   
Absence of Certain Changes or Events. Except in connection with the Transactions, since inception, the Company has
conducted its business only in the ordinary course, and during such period there has not been:

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

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

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

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

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

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

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

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

(i)                
any declaration or payment of dividend or distribution of cash or other property to the Shareholder or any purchase, redemption
or agreements to purchase or redeem any Company Shares;

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

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

SECTION
3.19.                   
Foreign Corrupt Practices. Neither the Company, nor, to the Company’s knowledge, any director, officer, agent,
employee or other person acting on behalf of the Company has, in the course of its actions for, or on behalf of, the Company (i)
used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
(ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds;
(iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iv) made
any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government
official or employee.

SECTION
3.20.                   
No Liabilities. As of the Closing Date, the Company will have no liabilities or obligations whatsoever.

 

 

ARTICLE
IV

Representations and Warranties of the Parent

The Parent represents
and warrants as follows to the Shareholder and the Company that:

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

SECTION
4.02.                   
Subsidiaries; Equity Interests. The Parent does not own, directly or indirectly, any capital stock, membership interest,
partnership interest, joint venture interest or other equity interest in any person, except that, the Parent owns all of the issued
and outstanding shares of common stock of Daily Shades, Inc., a Florida corporation.

SECTION
4.03.                   
Capital Structure. The authorized capital stock of the Parent consists of One Hundred Million (100,000,000) shares
of common stock, par value $0.0001 per share, and Ten Million (10,000,000) shares of preferred stock, par value $0.0001
per share, of which (i) 27,851,999 shares of Parent Stock are issued and outstanding (including 1,200,000 shares of Parent Stock
that will be returned to the Parent for cancellation as a condition to Closing), (ii) no shares of preferred stock are outstanding,
and (iii) no shares of Parent Stock or preferred stock are held by the Parent in its treasury. No other shares of capital stock
or other voting securities of the Parent are issued, reserved for issuance or outstanding, except for (i) warrants for the purchase
of 1,000,000 shares of common stock at an exercise price of $0.01, and (ii) a convertible promissory note in the principal amount
of $100,000, with a variable conversion price, which will be issued at the Closing. All outstanding shares of the capital stock
of the Parent are duly authorized, validly issued, fully paid and non-assessable and not subject to or issued in violation of
any purchase option, call option, right of first refusal, preemptive right, subscription right or any similar right under any
provision of the applicable corporate laws of its state of incorporation, the Parent Charter, the Parent Bylaws or any Contract
to which the Parent is a party or otherwise bound. There are no bonds, debentures, notes or other indebtedness of the Parent having
the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders
of Parent Stock may vote (“Voting Parent Debt”). Except as set forth in this Section 4.03, as of the date of
this Agreement, there are no options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights,
stock appreciation rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to
which the Parent is a party or by which it is bound (i) obligating the Parent to issue, deliver or sell, or cause to be issued,
delivered or sold, additional shares of capital stock or other equity interests in, or any security convertible or exercisable
for or exchangeable into any capital stock of or other equity interest in, the Parent or any Voting Parent Debt, (ii) obligating
the Parent to issue, grant, extend or enter into any such option, warrant, call, right, security, commitment, Contract, arrangement
or undertaking or (iii) that give any person the right to receive any economic benefit or right similar to or derived from the
economic benefits and rights occurring to holders of the capital stock of the Parent. As of the date of this Agreement, there
are no outstanding contractual obligations of the Parent to repurchase, redeem or otherwise acquire any shares of capital stock
of the Parent. The Parent is not a party to any agreement granting any security holder of the Parent the right to cause the Parent
to register shares of the capital stock or other securities of the Parent held by such security holder under the Securities Act.
The stockholder list provided to the Company is a current stockholder list generated by its stock transfer agent, and such list
accurately reflects all of the issued and outstanding shares of the Parent Stock as at the Closing.

SECTION
4.04.                   
Authority; Execution and Delivery; Enforceability. The execution and delivery by the Parent of this Agreement and
the consummation by the Parent of the Transactions have been duly authorized and approved by the Board of Directors of the Parent
and no other corporate proceedings on the part of the Parent are necessary to authorize this Agreement and the Transactions. This
Agreement constitutes a legal, valid and binding obligation of the Parent, enforceable against the Parent in accordance with the
terms hereof.

SECTION
4.05.                   
No Conflicts; Consents.

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

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

 

SECTION
4.06.                   
Undisclosed Liabilities.

(a)               
As of the date hereof, all liabilities of the Parent have been paid off and shall in no event remain liabilities of the
Parent, the Company or the Shareholder following the Closing, except that the Parent will have liabilities consisting only of (i)
a promissory note in the principal amount of $200,000, and (ii) a convertible promissory note in the principal amount of $100,000.

(b)As of the Closing Date, the Parent will have cash of
$100,000.

 

SECTION
4.07.                   
Taxes.

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

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

SECTION
4.08.                   
ERISA Compliance; Excess Parachute Payments. The Parent does not, and since its inception never has, maintained,
or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare
benefit plans” (as defined in Section 3(1) of ERISA) or any other Parent Benefit Plan for the benefit of any current or
former employees, consultants, officers or directors of Parent.

SECTION
4.09.                   
Litigation. There is no Action which (i) adversely affects or challenges the legality, validity or enforceability
of any of this Agreement or the Parent Stock or (ii) could, if there were an unfavorable decision, individually or in the aggregate,
have or reasonably be expected to result in a Parent Material Adverse Effect. Neither the Parent nor any director or officer thereof
(in his or her capacity as such), is or has been the subject of any Action involving a claim or violation of or liability under
federal or state securities laws or a claim of breach of fiduciary duty.

SECTION
4.10.                   
Compliance with Applicable Laws. The Parent is in compliance with all applicable Laws, including those relating
to occupational health and safety, the environment, export controls, trade sanctions and embargoes, except for instances of noncompliance
that, individually and in the aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect.
The Parent has not received any written communication during the past two years from a Governmental Entity that alleges that the
Parent is not in compliance in any material respect with any applicable Law. The Parent is in compliance with all effective requirements
of the Sarbanes-Oxley Act of 2002, as amended, and the rules and regulations thereunder, that are applicable to it, except where
such noncompliance could not have or reasonably be expected to result in a Parent Material Adverse Effect.

SECTION
4.11.                   
Contracts. There are no Contracts that are material to the business, properties, assets, condition (financial or
otherwise), results of operations or prospects of the Parent taken as a whole. The Parent is not in violation of or in default
under (nor does there exist any condition which upon the passage of time or the giving of notice would cause such a violation
of or default under) any Contract to which it is a party or by which it or any of its properties or assets is bound, except for
violations or defaults that would not, individually or in the aggregate, reasonably be expected to result in a Parent Material
Adverse Effect.

SECTION
4.12.                   
Title to Properties. The Parent has good title to, or valid leasehold interests in, all of its properties and assets
used in the conduct of its businesses. All such assets and properties, other than assets and properties in which the Parent has
leasehold interests, are free and clear of all Liens and except for Liens that, in the aggregate, do not and will not materially
interfere with the ability of the Parent to conduct business as currently conducted. The Parent has complied in all material respects
with the terms of all material leases to which it is a party and under which it is in occupancy, and all such leases are in full
force and effect. The Parent enjoys peaceful and undisturbed possession under all such material leases.

SECTION
4.13.                   
Intellectual Property. The Parent owns, or is validly licensed or otherwise has the right to use, all Intellectual
Property Rights which are material to the conduct of the business of the Parent taken as a whole. No claims are pending or, to
the knowledge of the Parent, threatened that the Parent is infringing or otherwise adversely affecting the rights of any person
with regard to any Intellectual Property Right. To the knowledge of the Parent, no person is infringing the rights of the Parent
with respect to any Intellectual Property Right.

SECTION
4.14.                   
Labor Matters. There are no collective bargaining or other labor union agreements to which the Parent is a party
or by which it is bound. No material labor dispute exists or, to the knowledge of the Parent, is imminent with respect to any
of the employees of the Parent.

SECTION
4.15.                   
Transactions With Affiliates and Employees. None of the officers or directors of the Parent and, to the knowledge
of the Parent, none of the employees of the Parent is presently a party to any transaction with the Parent or any subsidiary (other
than for services as employees, officers and directors), including any contract, agreement or other arrangement providing for
the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments
to or from any officer, director or such employee or, to the knowledge of the Parent, any entity in which any officer, director,
or any such employee has a substantial interest or is an officer, director, trustee or partner.

SECTION
4.16.                   
Application of Takeover Protections. The Parent has taken all necessary action, if any, in order to render inapplicable
any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other
similar anti-takeover provision under the Parent’s charter documents or the laws of its state of incorporation that is or
could become applicable to the Shareholder as a result of the Shareholder and the Parent fulfilling their obligations or exercising
their rights under this Agreement, including, without limitation, the issuance of the Parent Stock and the Shareholder’
ownership of the Parent Stock.

SECTION
4.17.                   
No Additional Agreements. The Parent does not have any agreement or understanding with the Shareholder with respect
to the Transactions other than as specified in this Agreement.

SECTION
4.18.                   
Investment Company. The Parent is not, and is not an affiliate of, and immediately following the Closing will not
have become, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

SECTION
4.19.                   
Disclosure. The Parent confirms that neither it nor any person acting on its behalf has provided any Shareholder
or its agents or counsel with any information that the Parent believes constitutes material, non-public information except insofar
as the existence and terms of the proposed transactions hereunder may constitute such information and except for information that
will be disclosed by the Parent under a current report on Form 8-K filed after the Closing. All disclosure provided to the Shareholder
regarding the Parent, its business and the transactions contemplated hereby, furnished by or on behalf of the Parent (including
the Parent’s representations and warranties set forth in this Agreement) are true and correct and do not contain any untrue
statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light
of the circumstances under which they were made, not misleading

SECTION
4.20.                   
Listing and Maintenance Requirements. The Parent is, and has no reason to believe that it will not in the foreseeable
future continue to be, in compliance with the listing and maintenance requirements for continued listing of the Parent Stock on
the trading market on which the shares of Parent Stock are currently listed or quoted. The issuance and sale of the shares of
Parent Stock under this Agreement does not contravene the rules and regulations of the trading market on which the Parent Stock
are currently listed or quoted, and no approval of the stockholders of the Parent is required for the Parent to issue and deliver
to the Shareholder the Parent Stock contemplated by this Agreement.

 

ARTICLE
V

Deliveries

SECTION
5.01.                   
Deliveries of the Shareholder.

(a)               
Concurrently herewith the Shareholder shall deliver to the Parent this Agreement which shall constitute a duly executed
share transfer power for transfer by the Shareholder of its Company Shares to the Parent (which Agreement shall constitute a limited
power of attorney in the Parent or any officer thereof to effectuate any Share transfers as may be required under applicable law,
including, without limitation, recording such transfer in the share registry maintained by the Company for such purpose) executed
by the Shareholder.

(b)              
At or prior to the Closing, the Shareholder shall deliver to the Parent certificates representing its Company Shares along
with duly executed medallion guaranteed stock powers for transfer to the Parent.

SECTION
5.02.                   
Deliveries of the Parent.

(a)               
Concurrently herewith, the Parent is delivering to the Shareholder and to the Company, a copy of this Agreement executed
by the Parent.

(b)              
At or prior to the Closing, the Parent shall deliver to the Company:

		(i)	a certificate from the Parent, signed by its Secretary or Assistant Secretary certifying that the attached copies of the Parent
Charter, Parent Bylaws and resolutions of the Board of Directors of the Parent approving this Agreement and the transactions contemplated
hereunder, are all true, complete and correct and remain in full force and effect;

		(ii)	a letter of resignation from Sean Lyons, from all offices he holds with the Parent;

		(iii)	evidence of the election of Lucien Lallouz as Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Secretary
and Treasurer of the Parent effective upon the Closing;

		(iv)	such pay-off letters, releases, indemnifications or other agreements relating to liabilities of the Parent as the Company shall
require and such documentation shall be in form and substance satisfactory to the Company; and

		(v)	if requested, the results of UCC, judgment lien and tax lien searches with respect to the Parent, the results of which indicate
no liens on the assets of the Parent.

(c)               
Promptly following the Closing, the Parent shall deliver to the Shareholder, certificates representing the new shares of
Parent Stock issued to the Shareholder.

 

SECTION 5.03.                   
Deliveries of the Company.

(a)               
Concurrently herewith, the Company is delivering to the Parent this Agreement executed by the Company.

(b)              
At or prior to the Closing, the Company shall deliver to the Parent a certificate from the Company, signed by its Secretary
or Assistant Secretary certifying that the attached copies of the Company’s Charter Documents and resolutions of the Board
of Directors of the Company approving this Agreement and the Transactions, are all true, complete and correct and remain in full
force and effect.

ARTICLE
VI

Conditions to Closing

SECTION
6.01.                   
Shareholder and Company Conditions Precedent. The obligations of the Shareholder and the Company to enter into and
complete the Closing is subject, at the option of the Shareholder and the Company, to the fulfillment on or prior to the Closing
Date of the following conditions.

(a)               
Representations and Covenants. The representations and warranties of the Parent contained in this Agreement shall
be true in all material respects on and as of the Closing Date with the same force and effect as though made on and as of the Closing
Date. The Parent shall have performed and complied in all material respects with all covenants and agreements required by this
Agreement to be performed or complied with by the Parent on or prior to the Closing Date. The Parent shall have delivered to the
Shareholder and the Company, a certificate, dated the Closing Date, to the foregoing effect.

(b)              
Litigation. No action, suit or proceeding shall have been instituted before any court or governmental or regulatory
body or instituted or threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the
Transactions or to seek damages or a discovery order in connection with such Transactions, or which has or may have, in the reasonable
opinion of the Company or the Shareholder, a materially adverse effect on the assets, properties, business, operations or condition
(financial or otherwise) of the Parent or the Company.

(c)               
No Material Adverse Change. There shall not have been any occurrence, event, incident, action, failure to act, or
transaction since the date as first set forth above which has had or is reasonably likely to cause a Parent Material Adverse Effect.

(d)              
Post-Closing Capitalization. At, and immediately after, the Closing, the authorized capitalization, and the number
of issued and outstanding shares of capital stock of the Parent, on a fully-diluted basis, shall be as described in Section 4.03.

(e)               
Deliveries. The deliveries specified in Section 5.02 shall have been made by the Parent.

(f)               
No Suspensions of Trading in Parent Stock; Listing. Trading in the Parent Stock shall not have been suspended by
the SEC or any trading market (except for any suspensions of trading of not more than one trading day solely to permit dissemination
of material information regarding the Parent) at any time since the date of execution of this Agreement, and the Parent Stock shall
have been at all times since such date listed for trading on a trading market.

(g)              
Satisfactory Completion of Due Diligence. The Company and the Shareholder shall have completed their legal, accounting
and business due diligence of the Parent and the results thereof shall be satisfactory to the Company and the Shareholder in their
sole and absolute discretion.

(h)              
Spin-Out of Prior Business. Parent shall have entered into a stock purchase agreement (the “Split Off SPA”)
with Parent’s current Chief Executive Officer, Sean Lyons, pursuant to which Mr. Lyons shall purchase 100% of the issued
and outstanding common stock of Daily Shades, Inc., the Parent’s wholly owned subsidiary in consideration for the return
of 19,600,000 shares of Parent Stock to Parent for immediate cancellation.

(i)Return of Shares to Parent. Sichenzia Ross Friedman
Ference LLP, Apogee Financial Investments and Vince Vellardtida will each have returned 400,000 shares of common stock to the Parent
for cancellation.

 

 

SECTION
6.02.                   
Parent Conditions Precedent. The obligations of the Parent to enter into and complete the Closing are subject, at
the option of the Parent, to the fulfillment on or prior to the Closing Date of the following conditions, any one or more of which
may be waived by the Parent in writing.

(a)               
Representations and Covenants. The representations and warranties of the Shareholder and the Company contained in
this Agreement shall be true in all material respects on and as of the Closing Date with the same force and effect as though made
on and as of the Closing Date. The Shareholder and the Company shall have performed and complied in all material respects with
all covenants and agreements required by this Agreement to be performed or complied with by the Shareholder and the Company on
or prior to the Closing Date. The Company shall have delivered to the Parent, if requested, a certificate, dated the Closing Date,
to the foregoing effect.

(b)              
Litigation. No action, suit or proceeding shall have been instituted before any court or governmental or regulatory
body or instituted or threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the
Transactions or to seek damages or a discovery order in connection with such Transactions, or which has or may have, in the reasonable
opinion of the Parent, a materially adverse effect on the assets, properties, business, operations or condition (financial or otherwise)
of the Company.

(c)               
No Material Adverse Change. There shall not have been any occurrence, event, incident, action, failure to act, or
transaction since inception which has had or is reasonably likely to cause a Company Material Adverse Effect.

(d)              
Deliveries. The deliveries specified in Section 5.01 and Section 5.03 shall have been made by the Shareholder and
the Company, respectively.

(e)               
Post-Closing Capitalization. At, and immediately after, the Closing, the authorized capitalization, and the number
of issued and outstanding shares of the Company, on a fully-diluted basis, shall be described in Section 3.02.

(f)               
Satisfactory Completion of Due Diligence. The Parent shall have completed their legal, accounting and business due
diligence of the Company and the results thereof shall be satisfactory to the Parent in its sole and absolute discretion.

ARTICLE
VII

Covenants

SECTION
7.01.                   
Public Announcements. The Parent and the Company will consult with each other before issuing, and provide each other
the opportunity to review and comment upon, any press releases or other public statements with respect to the Agreement and the
Transactions and shall not issue any such press release or make any such public statement prior to such consultation, except as
may be required by applicable Law, court process or by obligations pursuant to any listing agreement with any national securities
exchanges.

SECTION
7.02.                   
Fees and Expenses. All fees and expenses incurred in connection with this Agreement shall be paid by the Party incurring
such fees or expenses, whether or not this Agreement is consummated, provided that, upon Closing no payments will be due to any
party in connection with the preparation and execution of this Agreement.

SECTION
7.03.                   
Continued Efforts. Each Party shall use commercially reasonable efforts to (a) take all action reasonably necessary
to consummate the Transactions, and (b) take such steps and do such acts as may be necessary to keep all of its representations
and warranties true and correct as of the Closing Date with the same effect as if the same had been made, and this Agreement had
been dated, as of the Closing Date.

SECTION
7.04.                   
Exclusivity. Each of the Parent and the Company shall not (and shall not cause or permit any of their affiliates
to) engage in any discussions or negotiations with any person or take any action that would be inconsistent with the Transactions
and that has the effect of avoiding the Closing contemplated hereby. Each of the Parent and the Company shall notify each other
immediately if any person makes any proposal, offer, inquiry, or contact with respect to any of the foregoing.

SECTION
7.05.                   
Filing of 8-K and Press Release. The Parent shall file, no later than four (4) business days of the Closing Date,
a current report on Form 8-K and attach as exhibits all relevant agreements with the SEC disclosing the terms of this Agreement
and other requisite disclosure regarding the Transactions.

SECTION
7.06.                   
Access. Each Party shall permit representatives of any other Party to have full access to all premises, properties,
personnel, books, records (including Tax records), contracts, and documents of or pertaining to such Party.

SECTION
7.07.                   
Preservation of Business. From the date of this Agreement until the Closing Date, the Company and the Parent shall
operate only in the ordinary and usual course of business consistent with their respective past practices (provided, however,
that Parent shall not issue any securities without the prior written consent of the Company), and shall use reasonable commercial
efforts to (a) preserve intact their respective business organizations, (b) preserve the good will and advantageous relationships
with customers, suppliers, independent contractors, employees and other persons material to the operation of their respective
businesses, and (c) not permit any action or omission that would cause any of their respective representations or warranties contained
herein to become inaccurate or any of their respective covenants to be breached in any material respect.

 

 

ARTICLE
VIII

Miscellaneous

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

If to the Parent, to:

 

Shades Holdings, Inc.

20711 Sterlington Drive

Land O’Lakes, FL 34638

Attn: Chief Executive Officer

 

With a copy to:

 

Sichenzia Ross Friedman Ference
LLP

Attn: Darrin M. Ocasio, Esq.

61 Broadway, 32nd
Floor

New York, NY 10006

 

 

If to the Company, to:

 

Shades of Fragrances, Inc.

2000 Island Blvd.,
Suite 2005

Aventura, FL 33160

Attn: Lucien Lallouz

 

 

If to the Shareholder,
to the address set forth opposite such shareholder’s name on the signature page hereto

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

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

SECTION
8.04.                   
Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery
of damages, the Shareholder, Parent and the Company will be entitled to specific performance under this Agreement. The Parties
agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations described
in the foregoing sentence and hereby agrees to waive in any action for specific performance of any such obligation the defense
that a remedy at law would be adequate.

SECTION
8.05.                   
Limitation of Liability. Notwithstanding anything herein to the contrary, each of the Parent and the Company acknowledge
and agree that the liability of the Shareholder arising directly or indirectly, under any transaction document of any and every
nature whatsoever shall be satisfied solely out of the assets of the Shareholder, and that no trustee, officer, other investment
vehicle or any other affiliate of the Shareholder or any investor, Shareholder or holder of shares of beneficial interest of the
Shareholder shall be personally liable for any liabilities of the Shareholder.

SECTION
8.06.                   
Interpretation. When a reference is made in this Agreement to a Section, such reference shall be to a Section of
this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”

SECTION
8.07.                   
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced
by any rule or Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the Transactions contemplated hereby is not affected in any manner
materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of
being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
Parties as closely as possible in an acceptable manner to the end that Transactions contemplated hereby are fulfilled to the extent
possible.

SECTION
8.08.                   
Counterparts; Facsimile Execution. This Agreement may be executed in one or more counterparts, all of which shall
be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of
the Parties and delivered to the other Parties. Facsimile execution and delivery of this Agreement is legal, valid and binding
for all purposes.

SECTION
8.09.                   
Entire Agreement; Third Party Beneficiaries. This Agreement, (a) constitutes the entire agreement, and supersede
all prior agreements and understandings, both written and oral, among the Parties with respect to the Transactions and (b) is
not intended to confer upon any person other than the Parties any rights or remedies.

SECTION
8.10.                   
Governing Law. This Agreement shall be governed by, and construed in accordance with, the internal laws of the State
of Florida, without reference to principles of conflicts of laws. Any action or proceeding brought for the purpose of enforcement
of any term or provision of this Agreement shall be brought only in the Federal or state courts sitting in the State of Florida
and the parties hereby waive any and all rights to trial by jury.

SECTION
8.11.                   
Assignment. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be
assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of the
other Parties. Any purported assignment without such consent shall be void. Subject to the preceding sentences, this Agreement
will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns.

 

 

    	 

    	 

    

 

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

 

The Parent:

SHADES HOLDINGS, INC.

By: /s/ Sean Lyons 

Name: Sean Lyons

Title: President

The Company:

SHADES OF FRAGRANCES, INC.

By: /s/ Lucien Lallouz

Name: Lucien Lallouz

Title: President

 

 

 

 

The Shareholder:

 

OMNISCENT CORP.

 

/s/ Lucien Lallouz

By: Lucien Lallouz

Title: PresidentEX 10.7

 

THIS CONVERTIBLE
PROMISSORY NOTE AND THE SHARES OF COMMON STOCK ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAW. NEITHER THIS NOTE NOR SUCH SHARES OF COMMON STOCK
MAY BE SOLD, ASSIGNED, MORTGAGED, PLEDGED, HYPOTHECATED, ENCUMBERED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE ACT
AND APPLICABLE STATE SECURITIES LAWS, AND WITH THE TERMS AND CONDITIONS HEREOF.

 

SHADES HOLDINGS, INC.

 

CONVERTIBLE PROMISSORY NOTE

 

	$100,000.00	 	                                 Issue Date: June 19, 2013

 

SHADES HOLDINGS, INC.,
a Florida corporation (the “Company”), for value received, hereby promises to pay to the holders set forth in Exhibit
A hereto, or their respective assigns (the "Holders”), the principal sum of One Hundred Thousand Dollars ($100,000.00),
and to pay interest thereon at the rate of eight percent (8.0%) per annum. Interest will begin to accrue one year from the Issue
Date and shall be computed on the basis of a 365-day year and the number of actual days elapsed. Interest will be payable on the
dates on which principal payments are due.

 

Section
1. Time and Place of Payment.

 

(a)The
principal amount outstanding hereunder shall be payable in cash in installments in such amounts and on or before such dates specified
on Schedule A (the latest such date is referred to as the “Final Maturity Date”). The entire remaining principal amount
and interest thereon shall be due and payable on the earliest of (1) the Final Maturity Date or (2) the occurrence of an Event
of Default (as defined below).

 

(b)Any
payment made under this Note, whether upon acceleration, final maturity or otherwise, shall be applied first to the payment of
any accrued and unpaid interest and the balance (if any) shall be applied on account of principal.

 

(c)Whenever
any payment to be made under this Note shall be due on a Saturday, Sunday or any day on which banks are required or authorized
by law or regulation to close in New York City (any other day being a “Business Day”), such payment may be made on
the next succeeding Business Day, and such extension of time shall in such case not be included in the computation of interest
accrued.

 

(d)Notwithstanding
any other provision of this Note, in the event that any portion of the principal amount of this Note is converted into any shares
of the Company’s common stock in accordance with the provisions of Section 4 below, then no interest shall be payable on
the portion so converted for the period following the date of conversion.

 

Section
2 Prepayments. The Company shall have the right to prepay this Note, in whole or in part, at any time.

 

Section
3 Event of Default. The occurrence of any of the following events of default (“Event of Default”) shall, at the
option of each Holder hereof, make the remaining unpaid principal amount and any accrued interest immediately due and payable,
upon demand, without presentment or grace period, all of which hereby are expressly waived, except as set forth below:

 

(a)Failure
to Pay Principal or Interest. The Company fails to pay any installment of principal or interest under this Note when due pursuant
to the dates set forth on Schedule A.

 

(b)Liquidation.
Any dissolution, liquidation or winding up of the Company.

 

Section
4. Conversion.

 

(a)Each
Holders shall have the right, at its option, after the date hereof and on or prior to the Final Maturity Date, to convert all
or any part of the principal amount of this Note owed to such Holder, together with all accrued interest thereon, in accordance
with the provisions of and upon satisfaction of the conditions contained in this Note, into fully paid and non-assessable shares
of the Company’s common stock. The number of shares of common stock to be issued upon each conversion of this Note shall
be determined by dividing that portion of the principal of the Note and interest, if any, to be converted, by the Conversion Price.
The conversion price (“Conversion Price”) per share shall be the equal to 80% of the closing price of the common stock
in the over-the-counter market for the trading day preceding but not including the Conversion Date (defined below).

 

(b)No
fractional shares of common stock shall be issued upon conversion of this Note, and in lieu thereof the number of shares of common
stock to be issued for the amount of each conversion shall be rounded up to the nearest whole number of shares of common stock
on the total then converted.

 

(c)Each
Holder may exercise the right to convert all or any portion of the principal amount of this Note owed to such Holder, together
with all accrued interest thereon, by delivery to the Company of a completed notice of conversion, in a form reasonably acceptable
to the Company (the date of giving of such notice of conversion being a “Conversion Date”). The Company shall issue
and deliver to such Holder within four (4) business days after the Conversion Date that number of shares of common stock for the
portion of the Note converted in accordance with the foregoing (“Conversion Shares”). The Holders will not be required
to surrender the Note to the Company until the Note has been fully converted or satisfied.

			

 

(d)If
the common stock to be issued on conversion of this Note shall be changed into the same or a different number of shares of any
other class or classes of stock, whether by capital reorganization, reclassification, reverse stock split or forward stock split
or stock dividend or otherwise (other than a subdivision or combination of shares provided for above), the Holders of this Note
shall, upon conversion be entitled to receive, in lieu of the common stock which the Holders would have become entitled to receive
but for such change, a number of shares of such other class or classes of stock that would have been subject to receipt by the
Holders if they had exercised their rights of conversion of this Note immediately before such changes.

 

 

Section
5. Transfer Restrictions. This Note may not be transferred except upon satisfaction of all of the requirements of the Act
and applicable state securities laws.

 

Section
6. Loss of Note. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Note, and in case of loss, theft or destruction) of indemnification in form and substance acceptable to the
Company in its reasonable discretion, and upon surrender and cancellation of this Note, if mutilated, the Company shall execute
and deliver a new Note of like tenor and date.

 

Section
7. Entire Agreement. This Note represent the entire agreement and understanding between the parties concerning the subject
matter hereof and supersede all prior and contemporaneous agreements, understandings, representations and warranties with respect
thereto.

 

Section
8. Binding Effect; No Third Party Beneficiaries. All provisions of this Note shall be binding upon and inure to the benefit
of the parties and their respective heirs, legatees, executors, administrators, legal representatives, successors, and permitted
transferees and assigns. No persons other than the Holders and the Company shall have any legal or equitable right, remedy or
claim under, or in respect of, this Note.

 

Section
9.Amendments and Waivers.This Note may be amended, changed or modified only by a written instrument executed by the
Company and each Holder of this Note. Any waiver of any breach of any of the terms of this Note, and any consent required or permitted
to be given hereunder, shall be effective if in writing and executed by or on behalf of each Holders of this Note. No waiver of
any breach nor consent to any transaction shall be deemed a waiver of or consent to any other or subsequent breach or transaction.

 

Section
10.Governing Law.This Note shall be governed by and construed in accordance with the laws of the State of Florida
applicable to agreements and instruments made and wholly performed and paid in that state, without regard to its conflicts of
law principles.

 

Section
11.Headings.The headings used in this Note are used for convenience only and are not to be considered in construing
or interpreting this Note.

    	 

    	 

    

 

IN WITNESS WHEREOF, the
Company has caused this Note to be signed by its duly authorized officer.

 

SHADES HOLDINGS, INC.

By: /s/ Sean Lyons

Name: Sean Lyons

Title: CEO

 

 

    	 

    	 

    

EXHIBIT A

 

	HOLDER	ADDRESS	PRINCIPAL AMOUNT OWED ($)	PAYMENT SCHEDULE
	Sean Lyons	 	$33,334	*
	Deecembra Diamond	 	$33,333	*
	Marilyn Phillips	 	$33,333	*

 

*10% of the principal amount of the Note shall
be paid to the Holders on a pro rata basis on June 19, 2014 and on each monthly anniversary thereof until the Note is paid in full.

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