Document:

Investment Advisory Agreement

 Exhibit 10.1 
 GALILEO ASSET MANAGEMENT SA 
 INVESTMENT ADVISORY AGREEMENT 
 FOR UNIVERSAL TANNING VENTURES, INC. 
 THIS AGREEMENT
(the “Agreement”) dated as of May 5, 2006, by and between Universal Tanning Ventures, Inc., having offices at 600 East Altamonte Drive, Suite 1050, Altamonte Springs, Florida 32701 and its subsidiaries (collectively, the
“Company”) and Galileo Asset Management, SA, a Swiss Corporation and member of the ARIF (Association Romande des Intermédiaires Fiduciares) located at the World Trade Center, Avenue Gratta-Paille 2, Case Postale 4767, CH – 1000
Lausanne 30, Switzerland (the “Advisor”). 
 W I T N E S S E T H: 
 WHEREAS, the Company desires to retain the Advisor and the Advisor desires to be retained by the Company pursuant to the terms and conditions
hereinafter set forth: 
 NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants herein contained, it
is hereby agreed as follows: 
 SECTION 1. Retention 
 (a) The Company hereby retains the Advisor on a non-exclusive basis to perform the services set forth in Section 1 (b) below during the
one (1) year period commencing on the date hereof. However, in the event that the Company receives a minimum of $360,000 in funding from an Advisory Source introduced to the Company prior to May 31, 2006, this agreement shall convert to an
exclusive agreement. This Agreement shall automatically renew for additional six-month periods unless terminated in writing not less than thirty (30) days prior to the original or any subsequent expiration date (the initial one-year period and
any renewals thereof, the “Term”). The Advisor hereby accepts such retention and shall perform for the Company the duties described herein, faithfully and to the best of its ability. During the Term, the Advisor shall report directly to
the President of the Company or to any other senior officer designated in writing by the President of the Company. 
 (b) The Advisor shall
serve as an investment Advisor to the Company and render such advice and services to the Company as may be reasonably requested by the Company concerning equity and/or debt financings, strategic planning, merger and acquisition possibilities and
business development activities including, without limitation, the following: 
 (i) Study and review of the business, operations, and
historical financial performance of the Company (based upon management’s forecast of financial performance) so as to enable the Advisor to provide advice to the Company; 
 (ii) Assist the Company in attempting to formulate the best strategy to meet the Company’s working capital and capital resource needs; 

 (iii) Assist in the formulation of the terms and structure of any reasonable proposed business
combination transaction involving the Company, including without limitation, any merger or consolidation, sale of assets, or sale or exchange of stock (a “Business Combination”); 
 (iv) Assist in the presentation to the Board of Directors of the Company of any proposed transaction; 
 (v) Advise the Company in the preparation of press releases and other communications with the financial and investment communities; 
 (vi) Assist the Company in its efforts to analyze the quantitative and qualitative requirements as required by any exchange or medium, including but not
limited to (A) net tangible assets, market capitalization, shareholders equity or net income, (B) public float of the Company’s common stock, (C) market-makers, (D) shareholders, (E) corporate governance requirements,
(F) independent directors, (G) audit and compensation committees and (H) assist, where necessary, in an effort to enable the Company to obtain a more favorable exchange listing and to be in a position to remain continuously listed
thereafter; and 
 (vii) Introduce the Company to potential lenders of funds as well as to potential investors (whether such investment is
in the form of debt and/or equity financing or some combination thereof). 
 SECTION 2. Compensation. 
 (a) If the Advisor arranges or introduces the Company to any source (each individually, the “Advisor Source”) who provides an equity financing,
including any securities convertible into equity (the “Equity Financing”), and the Company closes a transaction with such provider, the Company shall pay the Advisor at closing (i) commissions in cash in an amount equal to ten percent
(10%) of the total gross cash proceeds of the Equity Financing; and (ii) a non-accountable expense allowance in cash equal to three percent (3%) of the total gross cash proceeds of the Equity Financing. 
 (b) If the Advisor introduces the Company to any Advisor Source for a Business Combination or facilitates or helps bring about a Business Combination
with a public or private company, which the Company closes, the Company shall pay the Advisor at closing (i) commission fees in cash in an amount equal to ten percent (10%) of the total gross cash proceeds and all other non-cash
consideration of the Business Combination paid or received by the Company, and (ii) a non-accountable expense allowance in cash equal to three percent (3%) of the total gross cash proceeds and all other non-cash consideration of the
Business Combination paid or received by the Company. 
 (c) If the Advisor introduces the Company to any Advisor Source who provide any of
the following capital related instruments for the Company (each a “Transaction”), the Company shall pay the Advisor a cash fee at closing based upon the total face value of the Transaction in accordance with the following schedule:
(i) an amount equal to six percent (6%) of any and all consideration received by the Company in any debt financing not convertible into equity and a non-accountable expense allowance in an amount equal to one percent (1%) of any and
all consideration received by the Company in such debt financing (“Senior Financing”); (ii) three percent (3%) of any revolving credit 

 line; (iii) two percent (2%) of any credit enhancement instrument, including on an insured or guaranteed basis;
and (iv) ten percent (10%) of any revenue-producing contract, fee-sharing arrangement, licensing, royalty or similar agreement. 
 (d) Each Advisor Source introduced to the Company on the date of this Agreement shall be listed in Schedule A annexed hereto and made a part hereof. Subsequent to the date of this Agreement and immediately upon the Advisor’s
introduction of a Advisor Source to the Company, the Advisor shall amend Schedule A to include each additional Advisor Source and deliver such amended Schedule A to the Company within ten (10) days of such introduction. 
 (f) The Company shall pay the Advisor a non-refundable retainer fee of Two Thousand, Five Hundred Dollars ($2,500) per month for the Term hereof (the
“Retainer Fee”). The Company will begin monthly payments of this retainer fee upon receipt of a minimum of $50,000 of Equity Financing from the Advisor Source. 
 (g) Except as otherwise provided for herein: 
 (i) All fees due to the Advisor hereunder shall have no
offsets, are non-refundable, non-cancelable and shall be free and clear of any and all encumbrances. 
 (ii) All cash fees due the Advisor
hereunder shall be paid to the Advisor immediately upon closing of any Fee Transaction by wire transfer of immediately available funds from the proceeds of the Fee Transaction, either directly or from the formal or informal escrow arrangement
established for the Fee Transaction by the agent holding such funds (collectively, the “Closing Agent”), pursuant to the written wire transfer instructions of the Advisor to the Closing Agent. The Closing Agent shall be the attorneys for
the Advisor. 
 (h) The Company shall authorize and direct the Closing Agent to distribute directly or from escrow any and all fees due the
Advisor hereunder (or the Company and the Advisor, if required to do so, shall establish an escrow account in accordance with NASD rules). The Company agrees that such fees and the manner of payment and delivery as herein provided shall be included
in the documentation of any Fee Transaction. The Advisor is hereby authorized to notify the Closing Agent, on behalf of the Company and as its agent, to make all payments required hereunder directly to the Advisor. In order to effectuate the
foregoing provisions, at the Advisor’s request, either simultaneously herewith or anytime hereafter, the Company shall execute and deliver (i) a Power of Attorney that gives the Advisor the right to ensure payment to Advisor of any and all
fees due hereunder and (ii) the Irrevocable Disbursement Instructions annexed hereto as Schedule B that require the Closing Agent to pay any and all fees due the Advisor hereunder before it makes any disbursement to the Company. 
 SECTION 3. Expenses. Company shall pay or reimburse the Advisor for all expenses reasonably incurred by it in furtherance of its duties
hereunder including, without limitation, expenses for traveling, meals, hotel accommodations, telephone charges and the like, provided however, such expenses (other than for telephone charges for calls to Company executives and advisors) shall have
been authorized by Company prior to the date on which they are incurred by the Advisor, which authorization may be withheld by Company in its sole discretion. Company shall be under no obligation to pay or reimburse any expense of the Advisor which
has not been authorized by Company in 

 accordance with the terms of this Section 3. Company will make reimbursement for authorized expenses within fourteen
days of presentation by the Advisor from time to time of appropriate documentation evidencing such expenditures. 
 SECTION 4.
Termination Fee. Provided that the Advisor is proceeding in good faith at all times, the Company warrants that it will not terminate this Agreement for any reason unless such termination is made after compliance with Section 5 of
this Agreement. The Company agrees that in the event it elects to terminate, cancel or rescind any agreements, term sheets or letters of intent pursuant to any Equity Financing, Business Combination, Transaction or Other Transaction the Company
enters into that was facilitated by the Advisor, excluding any such cancellation that is made pursuant to pertinent “out clauses” or closing conditions of the respective documents regarding such transactions that allow the Company to
terminate such transaction without incurring any liability or obligation to any other party, then the Company shall immediately pay to the Advisor a termination fee equal to twenty-five percent (25%) of the total fees that would have been paid
to the Advisor had the transaction been effected. 
 SECTION 5. Termination. This Agreement and the Advisor’s engagement
hereunder shall not be terminated by Company under any circumstances nor for any reason whatsoever, unless all compensation due to Advisor pursuant to Section 2 above has been distributed to the Advisor from the Closing Agent for all Fee
Transactions entered into or closed prior to termination. Sections 2, 3, 4, 6, 7 and 8 shall survive any termination of this Agreement. 
 SECTION 6. Confidential Information. The Advisor agrees that during and after the Term, it will keep in strictest confidence, and will not disclose or make accessible to any other person without the written consent of the
Company, the Company’s products, services and technology, both current and under development, promotion and marketing programs, lists, trade secrets and other confidential and proprietary business information of the Company or any of its
clients and third parties including, without limitation, Proprietary Information (as defined in Section 7) (all of the foregoing is referred to herein as the “Confidential Information”). The Advisor agrees (a) not to use any such
Confidential Information for itself or others, except in connection with the performance of its duties hereunder; and (b) not to take any such material or reproductions thereof from the Company’s facilities at any time during the Term
except, in each case, as required in connection with the Advisor’s duties hereunder. 
 Notwithstanding the foregoing, the parties agree
that the Advisor is free to use (a) information in the public domain not as a result of a breach of this Agreement, (b) information lawfully received form a third party who had the right to disclose such information and (c) the
Advisor’s own independent skill, knowledge, know-how and experience to whatever extent and in whatever way he wishes, in each case consistent with his obligations as the Advisor and that, at all times, the Advisor is free to conduct any
research relating to the Company’s business. 
 SECTION 7. Ownership of Proprietary Information. The Advisor agrees that
all information that has been created, discovered or developed by the Company, its subsidiaries, affiliates, licensors, licensees, successors or assigns (collectively, the “Affiliates”) (including, without limitation, information relating
to the development of the Company’s business created, discovered, developed by the Company or any of its affiliates during the Term, and information relating to the Company’s 

 customers, suppliers, Advisors, and licensees) and/or in which property rights have been assigned or otherwise conveyed
to the Company or the Affiliates, shall be the sole property of the Company or the Affiliates, as applicable, and the Company or the Affiliates, as the case may be, shall be the sole owner of all patents, copyrights and other rights in connection
therewith, including without limitation the right to make application for statutory protection. All the aforementioned information is hereinafter called “Proprietary Information.” By way of illustration, but not limitation, Proprietary
Information includes trade secrets, processes, discoveries, structures, inventions, designs, ideas, works of authorship, copyrightable works, trademarks, copyrights, formulas, improvements, inventions, product concepts, techniques, marketing plans,
merger and acquisition targets, strategies, forecasts, blueprints, sketches, records, notes, devices, drawings, customer lists, patent applications, continuation applications, continuation-in-part applications, file wrapper continuation applications
and divisional applications and information about the Company’s Affiliates, its employees and/or Advisors (including, without limitation, the compensation, job responsibility and job performance of such employees and/or Advisors). 

All original content, proprietary information, trademarks, copyrights, patents or other intellectual property created by the Advisor that does not
include any specific information relative to the Company’s proprietary information, shall be the sole and exclusive property of the Advisor. 
 SECTION 8. Indemnification. The Company represents that all materials provided or to be provided to the Advisor or any third party regarding the Company’s financial affairs or operations are and shall be truthful and
accurate and in compliance with any and all applicable federal and state securities laws. The Company agrees to indemnify and hold harmless the Advisor and its Advisors, professionals, lawyers, consultants and affiliates, their respective directors,
officers, shareholders, partners, members, managers, agents and employees and each other person, if any, controlling the Advisor or any of its affiliates to the full extent lawful, from and against all losses, claims, damages, liabilities and
expenses incurred by them (including reasonable attorneys’ fees and disbursements) that result from actions taken or omitted to be taken (including any untrue statements made or any statement omitted to be made) by the Company, its agents or
employees which relate to the scope of this Agreement and the performance of the services by the Advisor contemplated hereunder. The Advisor will indemnify and hold harmless the Company and the respective directors, officers, agents, affiliates and
employees of the Company from and against all losses, claims damages, liabilities and expenses that result from bad faith, gross negligence or unauthorized representations of the Advisor. In no event shall the Advisor be responsible or liable
hereunder for an amount in excess of the compensation received by it pursuant to this Agreement. Each person or entity seeking indemnification hereunder shall promptly notify the Company, or the Advisor, as applicable, of any loss, claim, damage or
expense for which the Company or the Advisor, as applicable, may become liable pursuant to this Section 8. No party shall pay, settle or acknowledge liability under any such claim without consent of the party liable for indemnification, and
shall permit the Company or the Advisor, as applicable, a reasonable opportunity to cure any underlying problem or to mitigate actual or potential damages. The scope of this indemnification between the Advisor and the Company shall be limited to,
and pertain only to certain transactions contemplated or entered into pursuant to this Agreement. 
 The Company or the Advisor, as
applicable, shall have the opportunity to defend any claim for which it may be liable hereunder, provided it notifies the party claiming the right to indemnification in writing within fifteen (15) days of notice of the claim. 

 The rights stated pursuant to this Section 8 shall be in addition to any rights that the Advisor,
the Company, or any other person entitled to indemnification may have in common law or otherwise, including, but not limited to, any right to contribution. 
 SECTION 9. Notices. Any notice or other communication under this Agreement shall be in writing and shall be deemed to have been duly given: (a) upon facsimile transmission (with written transmission
confirmation report) at the number designated below; (b) when delivered personally against receipt therefore; (c) one day after being sent by Federal Express or similar overnight delivery; or (d) five (5) business days after
being mailed registered or certified mail, postage prepaid. The addresses for such communications shall be as set forth below or to such other address as a party shall give by notice hereunder to the other party to this Agreement. 
  

			
	If to the Company:	  	Universal Tanning Ventures, Inc.
		  	600 East Altamonte Drive, Suite 1050
		  	Altamonte Springs, Florida 32701
		  	Telephone: (407) 260-9206
		  	Telecopy: (407) 650-2785
		  	Attention: Dyron M. Watford
		
	If to the Advisor:	  	Galileo Asset Management, SA
		  	World Trade Center
		  	Avenue Gratta-Paille 2
		  	Case Postale 4767
		  	CH – 10000 Lausanne 30, Switzerland
		  	Teleplhone: +41-21-641-5691
		  	Telecopy: +41-21-641-5694 and 1 212-504-3262
		  	Attention: Marie-Christine Wright
		
	With a copy to:	  	San Rafael Consulting Group, LLC
		  	8560 Heron Lagoon Circle
		  	Sarasota, Florida 34242
		  	Telephone: (941) 346-7550
		  	Telecopy: (941) 346-9230
		  	Attention: Office of General Counsel

 SECTION 10. Status of Advisor. The Advisor shall be deemed to be an independent
contractor and, except as expressly provided or authorized in this Agreement, shall have no authority to act for on behalf of or represent the Company. This Agreement does not create a partnership or joint venture. 
 SECTION 11. Other Activities of Advisor. The Company recognizes that the Advisor now renders and may continue to render financial
consulting and other investment advisory services to other companies that may or may not conduct business and activities similar to those of the Company. 

 The Advisor shall not be required to devote its full time and attention to the performance of its duties under this
Agreement, but shall devote only so much of its time and attention as it deems reasonable or necessary for such purposes. 
 SECTION 12.
Successors and Assigns. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement and any of the rights,
interests or obligations hereunder may be assigned by the Advisor without the prior written consent of the Company. This Agreement and any of the rights, interests or obligations hereunder may not be assigned by the Company without the prior written
consent of the Advisor, which consent shall not be unreasonably withheld. 
 SECTION 13. Severability of Provisions. If any
provision of this Agreement shall be declared by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced in whole or in part, the remaining conditions and provisions or portions thereof shall nevertheless remain in
full force and effect and enforceable to the extent they are valid, legal and enforceable, and no provision shall be deemed dependent upon any other covenant or provision unless so expressed herein. 
 SECTION 14. Entire Agreement; Modification. This Agreement and the schedule hereto contains the entire agreement of the parties relating to
the subject matter hereof, and the parties hereto and thereto have made no agreements, representations or warranties relating to the subject matter of this Agreement which are not set forth herein. No amendment or modification of this Agreement
shall be valid unless made in writing and signed by each of the parties hereto. 
 SECTION 15. Non-Waiver. The failure of any
party to insist upon the strict performance of any of the terms, conditions and provisions of this Agreement shall not be construed as a waiver or relinquishment of future compliance therewith; and the said terms, conditions and provisions shall
remain in full force and effect. No waiver of any term or condition of this Agreement on the part of any party shall be effective for any purpose whatsoever unless such waiver is in writing and signed by such party. 
 SECTION 16. Remedies For Breach. The Advisor and Company mutually agree that any breach of Sections 2, 3, 4, 5, 6, 7 or 8 of this Agreement
by the Advisor or the Company may cause irreparable damage to the other party and/or their affiliates, and that monetary damages alone would not be adequate and, in the event of such breach or threat of breach, the damaged party shall have, in
addition to any and all remedies at law and without the posting of a bond or other security, the right to an injunction, specific performance or other equitable relief necessary to prevent or redress the violation of either party’s obligations
under such Sections. In the event that an actual proceeding is brought in equity to enforce such Sections, the offending party shall not urge as a defense that there is an adequate remedy at law nor shall the damaged party be prevented from seeking
any other remedies that may be available to it. The defaulting party shall pay all attorney’s fees and costs incurred by the other party in enforcing this Agreement. 
 SECTION 17. Governing Law. The parties hereto acknowledge that the transactions contemplated by this Agreement bear a reasonable relation to the state of New York. This Agreement shall be governed by,
and construed and interpreted in accordance with, the internal laws of the state of New York without regard to such state’s principles of conflicts of laws. The parties 

 irrevocably and unconditionally agree that the exclusive place of jurisdiction for any action, suit or proceeding
(“Actions”) relating to this Agreement shall be in the state or federal courts situated in the county and state of New York. Each party irrevocably and unconditionally waives any objection it may have to the venue of any Action brought in
such courts or to the convenience of the forum. Final judgment in any such Action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment, a certified or true copy of which shall be conclusive evidence of the fact and
the amount of any indebtedness or liability of any party therein described. Service of process in any Action by any party may be made by serving a copy of the summons and complaint, in addition to any other relevant documents, by commercial
overnight courier to any other party at their address set forth in this Agreement. 
 SECTION 18. Headings. The headings of the
Sections are inserted for convenience of reference only and shall not affect any interpretation of this Agreement. 
 SECTION 19.
Counterparts. This Agreement may be executed in counterpart signatures, each of which shall be deemed an original, but all of which, when taken together, shall constitute one and the same instrument, it being understood that both parties
need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) the same
with the same force and effect as if such facsimile signature page were an original thereof. 
 IN WITNESS WHEREOF, the parties hereto have executed this
Agreement of thirteen (13) pages as of the day and year first written above. 
  

			
	UNIVERSAL TANNING VENTURES, INC.
		
	By:	 	 /s/ Glen Woods

	Name:	 	Glen Woods
	Title:	 	Chief Executive Officer
	
	GALILEO ASSET MANAGEMENT SA
		
	By:	 	 /s/ Marie-Christine Wright

	Name:	 	Marie-Christine Wright
	Title:	 	DirectorStock Purchase Agreement

 Exhibit 10.2 
 STOCK PURCHASE AGREEMENT 
 Dated: May 6, 2006 
 UNIVERSAL TANNING VENTURES, INC. 
 SELLER 
 AND 
 RHINO
ISLAND CAPITAL, LTD. 
 PURCHASER 
 TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page
	ARTICLE I PURCHASE, SALE AND TERMS OF SHARES	  	4
				
		 	1.1.	  	The Shares	  	4
				
		 	1.2.	  	Price; Closing	  	4
				
		 	1.3.	  	Delivery of Purchase Notice	  	5
				
		 	1.4.	  	Obligations of Purchaser to Purchase shares	  	5
				
		 	1.5	  	Escrow of Shares with Transfer Agent	  	5
				
		 	1.6	  	Representations by the Purchaser	  	6
		
	ARTICLE II COVENANTS OF THE COMPANY	  	8
				
		 	2.1.	  	Operations	  	8
				
		 	2.2.	  	Inspection	  	8
				
		 	2.3.	  	Share Registry	  	9
		
	ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	9
				
		 	3.1.	  	Organization and Standing	  	9
				
		 	3.2.	  	Authority for Agreement	  	9
				
		 	3.3.	  	Securities Law Filings, Etc	  	10

							
		 	3.4.	  	Capitalization and Issuances of Stock	  	10
				
		 	3.5.	  	Subsidiaries	  	11
				
		 	3.6.	  	Issuance of Securities	  	11
				
		 	3.7.	  	Governmental Consents	  	11
				
		 	3.8.	  	Offering Exemption	  	11
				
		 	3.9.	  	Litigation	  	12
				
		 	3.10.	  	Financial Statements	  	12
				
		 	3.11.	  	Absence of Liabilities	  	12
				
		 	3.12.	  	Taxes	  	13
				
		 	3.13.	  	Property and Assets	  	13
				
		 	3.14.	  	Intellectual Property	  	13
				
		 	3.15.	  	Compliance	  	14
				
		 	3.16.	  	Employees	  	14
				
		 	3.17.	  	Environmental and Safety Matters	  	14
				
		 	3.18.	  	Books and Records	  	14
				
		 	3.19.	  	Brokers or Finders	  	14
				
		 	3.20.	  	Disclosures	  	14
		
	ARTICLE IV REGISTRATION RIGHTS	  	15
				
		 	4.1.	  	Piggy-Back Registrations	  	15
				
		 	4.2.	  	Effectiveness	  	15
				
		 	4.3.	  	Indemnification by the Company	  	16
				
		 	4.4.	  	Indemnification by Holders of Registrable Shares	  	18
				
		 	4.5.	  	Exchange Act Reports	  	19
				
		 	4.6.	  	Expenses	  	20
				
		 	4.7.	  	Transferability	  	20

							
	ARTICLE V MISCELLANEOUS	  	20
				
		 	5.1.	  	No Waiver; Cumulative Remedies	  	20
				
		 	5.2.	  	Amendments, Waivers and Consents	  	20
				
		 	5.3.	  	Addresses for Notices	  	21
				
		 	5.4.	  	Costs, Expenses and Taxes	  	21
				
		 	5.5.	  	Effectiveness; Binding Effect; Assignment	  	21
				
		 	5.6.	  	Prior Agreements	  	21
				
		 	5.7.	  	Severability	  	21
				
		 	5.8.	  	Governing Law; Venue.	  	21
				
		 	5.9.	  	Headings	  	22
				
		 	5.10.	  	Survival of Representations and Warranties	  	22
				
		 	5.11.	  	Counterparts	  	22
				
		 	5.12.	  	Further Assurances	  	22

 This Stock Purchase Agreement (the “Agreement”), dated as of this 6th day of May, 2006 between UNIVERSAL TANNING VENTURES, INC., a Delaware corporation having offices at 600 East Altamonte
Drive, Suite 1050, Altamonte Springs, Florida 32701 (the “Company”), and Rhino Island Capital, Ltd., a BVI International Business Company, the registered address of which is; 30 De Castro Street, Road Town Tortola, British Virgin
Islands, (the “Purchaser”). 
 WHEREAS, the parties desire that, upon the terms and subject to the conditions contained
herein, the Purchaser shall purchase up to thirty five million (35,000,000) shares of the Company’s common stock, $.0001 par value per share (the “Common Stock”); and 
 WHEREAS, the Seller agrees to place in escrow a share certificate representing thirty five million (35,000,000) shares with the
Company’s transfer agent, which will be used for the take down of all shares purchased pursuant to this Purchase Agreement; and 
 WHEREAS, such purchase will be made in reliance upon the provisions of Section 4(2) under the Securities Act of 1933, as amended (the “1933 Act”) and/or upon such other exemption from the registration requirements of
the 1933 Act as may be available with respect to any or all of the purchases of Common Stock to be made hereunder. 
 ARTICLE I

 PURCHASE, SALE AND TERMS OF SHARES 
  

	 	1.1. The Company agrees to issue and sell to the Purchaser in reliance upon the provisions of Section 4(2) under the 1933 Act and/or upon such other exemption from the
registration requirements of the 1933 Act as may be available with respect to any or all of the purchases of Common Stock to be made hereunder in consideration of and in express reliance upon the representations, warranties, covenants, terms and
conditions of this Agreement up to thirty five million (35,000,000) shares (the “Shares”) of the Company as set forth below. 

  

	 	1.2.	Closing; Price. 

  

	 	A.	The transaction will be closed in a series of individual closings, as provided for herein, with each separate take down being a “Closing”. The Purchaser will pay the
Purchase Price of each take down by wire transfer of immediately available funds in one single payment. Purchaser shall initiate the closing process by sending a written Purchase Notice to Seller at the address set forth below.

	 	 	The Purchase Notice shall set forth the number of Shares to be purchased, the total consideration to be paid, the price per share and the delivery address for the share certificates
(the “Closing”). 

  

	 	B.	The Company shall sell to the Purchaser the shares at a per share purchase price which shall be 15% of the bid price of the Company’s shares of Common Stock (the
“Purchase Price”) as quoted on the OTC Bulletin Board (the “OTCBB”) (or on such other United States stock exchange or public trading market on which the shares of the Company trade if, at the time of purchase, they are not
trading on the OTCBB) for the day immediately preceding the date (the “Call Date”) the purchase order (the “Purchase Notice”) is received by the Company for a Purchase Notice of less than US$100,000 gross;

  

	 	1.3.	Delivery of Purchase Notice. Purchaser shall have sixty (60) days from the date of this Agreement to deliver one or more Purchase Notices to Seller. A Purchase Notice
may be for all or a part of the shares set forth in Section 1.1 above. Purchaser may deliver more than one Purchase Notice, provided however, that number of shares purchased pursuant to all Purchase Notices shall not exceed the number of Shares
set forth in Section 1.1. A sample Purchase Notice is attached in Schedule 1.3. 

  

	 	1.4.	Obligation of Purchaser to Purchase the shares. The Purchaser agrees to purchase up to thirty five million (35,000,000) shares between the date hereof and
October 21, 2006. However, Purchaser shall only be liable to purchase the number of Shares set forth in each Purchase Notice; the total number of shares purchased may be less than thirty five million (35,000,000) shares. Seller shall have
the right to terminate this Agreement by delivering a written notification to the Purchaser, at the address set forth below, of Seller’s intent to terminate. The notice of termination shall become effective thirty (30) days from the date
it is received by Purchaser. 

  

	 	1.5.	Escrow of Shares with transfer agent. 

  

	 	A.	As a condition for the entry into this Agreement, Purchaser requires the Company to place into an escrow account, as set forth below, a share certificate, made out in the name of
Purchaser, representing thirty five million (35,000,000) shares of the Company’s common securities. The terms and conditions of the escrow are set in the Share Deposit Escrow Agreement described in 1.5.b, below and as further set forth in
this Agreement. The Company shall therefore, pursuant to this Agreement and pursuant to the terms and conditions of the Share Deposit Escrow 

	 	 	Agreement, deposit with the Company’s transfer agent a share certificate representing thirty five million (35,000,000) shares of the Company’s common securities.

  

	 	B.	The parties shall enter into a Share Deposit Escrow Agreement with the Company’s transfer agent, a copy of which is attached hereto as Schedule 1.5.b. 

 

	 	C.	The Escrow Agent shall disburse and deliver to the Purchaser the number of shares purchased as set forth in the Purchase Notice as in accordance with the Share Deposit Escrow
Agreement, and set otherwise set forth in this Agreement. The shares shall be deducted from the thirty five million (35,000,000) shares share certificate being held in escrow. 

  

	 	D.	The Escrow Agent is irrevocably instructed to deliver the number of shares set forth a Purchase Notice upon receipt by the Escrow Agent of an executed Purchase Notice and evidence
of payment of the purchase price. Evidence of payment for said shares shall be conclusive upon receipt by Escrow Agent of the “wire transfer” form, properly executed by the Purchaser’s sending banking institution. At such time as the
Escrow Agent disburses the thirty five million (35,000,000) shares, or receives evidence of a termination of this Agreement, the obligations of the transfer agent pursuant to the Share Deposit Escrow Agreement shall be terminated.

  

	 	1.6.	Representations by the Purchaser. The Purchaser makes the following representations and warranties to the Company: 

  

	 	A.	Access to Information The Purchaser, in making the decision to purchase the Shares, has relied upon the representations and warranties contained in this Agreement as well as
independent investigations made by it and/or its representatives, if any. The Purchaser and/or its representatives during the course of this transaction, and prior to the purchase of any Shares, has had the opportunity to ask questions of and
receive answers from the management of the Company concerning the business of the Company and to receive any additional information, documents, records and books relative to the business, assets, financial condition, results of operations and
liabilities (contingent or otherwise) of the Company. 

  

	 	B.	Sophistication and Knowledge. The Purchaser and/or its representatives has such knowledge and experience in financial and business matters that it can represent itself and is
capable of evaluating the merits and risks of the purchase of the Shares. The 

	 	 	Purchaser is not relying on the Company with respect to the tax and other economic considerations of an investment in the Shares, and the Purchaser has relied on the advice of, or
has consulted with, only the Purchaser’s own advisor(s). The Purchaser represents that it has not been organized for the purpose of acquiring the Shares. 

  

	 	C.	Lack of Liquidity. The Purchaser acknowledges that the purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of
the purchase of the Shares, including the total loss of its investment. The Purchaser acknowledges and understands that the Shares are restricted, and are subject to various resale restrictions in accordance with the securities laws of the United
States. The Purchaser has no present need for liquidity in connection with its purchase of the Shares. 

  

	 	D.	No Public Solicitation. The Purchaser is not subscribing for the Shares as a result of or subsequent to any advertisement, article, notice or other communication published in
any newspaper, magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting, or any solicitation of a subscription by a person not previously known to the Purchaser in connection with investments in
securities generally. 

  

	 	E.	Authority. The Purchaser has full right and power to enter into and perform pursuant to this Agreement and make an investment in the Company, and this Agreement constitutes
the Purchaser’s valid and legally binding obligation, enforceable in accordance with its terms. The Purchaser is authorized and otherwise duly qualified to purchase and hold the Shares and to enter into this Agreement. 

 

	 	F.	Brokers or Finders. No person has or will have, as a result of the transactions contemplated by this Agreement, any right, interest or valid claim against or upon the Company
for any commission, fee or other compensation as a finder or broker because of any act or omission by such Purchaser or its respective agents. 

  

	 	G.	Requirements for Transfer. Purchaser agrees that it will not transfer the Shares, and the Company shall not be required to transfer the shares unless the transferee executes
a representation letter substantially in accordance with Exhibit A hereto. 

  

	 	H.	Each certificate representing the Shares shall be endorsed with the following legends, in addition to any other legend required to be placed thereon by applicable federal or state
securities laws: 

	 	THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”), AS AMENDED AND HAVE BEEN TAKEN BY THE ISSUEE FOR
INVESTMENT PURPOSES. SAID SHARES MAY NOT BE SOLD OR TRANSFERRED UNLESS (A) THEY HAVE BEEN REGISTERED UNDER SAID ACT, OR (B) THE COMPANY IS PRESENTED WITH EITHER A WRITTEN OPINION OF COUNSEL OR A “NO-ACTION” LETTER FROM SEC, IN
EITHER CASE IN FORM AND SUBSTANCE ACCEPTABLE TO THE COMPANY, TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE CIRCUMSTANCES OF SUCH SALE OR TRANSFER. 

  

	 	i.	The Purchaser consents to the Company making a notation on its records or giving instructions to any transfer agent of the Company in order to implement the restrictions on transfer
of the Shares set forth in this Section 1.5. 

  

	 	ii.	The Purchaser and any transferees of the shares of the Company’s Common Stock purchased by the Purchaser pursuant to this Agreement are not named or identified on any lists of
the Office of Foreign Assets Control who are prohibited from purchasing securities of U.S. domestic companies. Further, this transaction and any resale of shares by the Purchaser to transferees shall not violate the anti-money laundering and other
provisions of the Bank Secrecy Act, as amended by the U.S. Patriot Act. 

  

	 	I.	Investment Intent. Purchaser is purchasing the Common Stock for Purchaser’s own account, with the intention of holding the Common Stock, with no present intention of
dividing or allowing others to participate in this investment or of reselling or otherwise participating, directly or indirectly, in a distribution of the Common Stock, and shall not make any sale, transfer, or pledge thereof without registration
under the 1933 Act and any applicable securities laws of any state or unless any exemption from registration is available under those laws. 

 ARTICLE II 
 COVENANTS OF THE COMPANY 
  

	 	2.1.	Operations. From and after the date hereof through the final purchase of the Shares, the Company will operate only in the ordinary course of business.

  

	 	2.2.	Inspection. The Company shall permit authorized representatives of the 

	 	 	Purchaser to visit and inspect any of the properties of the Company, including its books of account (and to make copies thereof and take extracts there from), and to discuss its
affairs, finances and accounts with its officers, employees, independent accountants, consultants and attorneys, all at such reasonable times and as often as may be reasonably requested. 

  

	 	2.3.	Share Registry; Removal of Legend. The Company agrees that it shall instruct its transfer agent to automatically remove any legend upon compliance with all rules and
regulations of the United States security laws pertaining to such transactions. Holders of shares bearing a legend may have the legend removed by submitting certificate(s) together with appropriate opinions of counsel and any other documentation
required by company or transfer agent. Neither the Company nor the stock transfer agent shall be obligated to remove any other legend required by law. 

 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
 The Company represents and warrants to the Purchaser as follows, which representations and warranties shall be true and correct in all material respects
on the date of each closing of the purchase of the Shares: 
  

	 	3.1.	Organization and Standing. The Company has been duly incorporated and is validly existing and in good standing under the laws of the State of Delaware and has the
requisite corporate power and authority necessary to own its properties and to conduct its business as presently conducted, to deliver this Agreement and all other agreements required to be executed by the Company in connection with performance
under this Agreement (collectively, the “Ancillary Agreements”, and collectively with this Agreement, the “Transaction Documents”), to issue and sell the Shares and to carry out the provisions of Transaction Documents. The
Company is duly qualified to transact business as a foreign corporation and is in good standing in every jurisdiction in which the failure to so qualify would have a material adverse effect on the operations or financial condition of the Company.

  

	 	3.2.	Authority for Agreement. The execution and delivery by the Company of the Transaction Documents, and the performance by the Company of its obligations there under,
have been duly and validly authorized by all requisite corporate action on the part of the Company. The Transaction Documents, when executed and delivered, will be legally valid and binding obligations of the Company, enforceable against the Company
in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, and general principles of equity that restrict
the availability of equitable remedies. To 

	 	 	the Company’s knowledge, the execution and delivery of the Transaction Documents by the Company and the performance by the Company of its obligations there under do not, as of
the date hereof, (i) conflict with or violate the provisions of the Company’s Restated Charter or Bylaws, (ii) require on the part of the Company any filing with, or any permit, authorization, consent or approval of, any Governmental
Entity, (iii) conflict with, result in a breach of, constitute (with or without due notice or lapse of time or both) a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify or cancel, or
require any notice, consent or waiver under, any contract, lease, sublease, license, sublicense, franchise, permit, indenture, agreement or mortgage for borrowed money, instrument of indebtedness, lien, encumbrance or other arrangement to which the
Company is a party or by which the Company is bound or to which its assets are subject, (iv) result in the imposition of any Security Interest upon any assets of the Company or (v) violate or contravene any United States federal, Delaware
corporate or applicable state statute, rule or regulation applicable to the Company or any order, writ, judgment, injunction, decree, determination or award. 

  

	 	3.3.	Securities Law Filings, Etc. The Company has previously furnished to the Investors the Company’s filings with the Securities and Exchange Commission as on the attached
schedule 3.3 (collectively the “SEC Filings”). The SEC Filings, as of the date of the filing thereof with the SEC, complied in all material respects with the provisions of the Securities Exchange Act of 1934 (the “Exchange Act”),
and in each case the rules and regulations promulgated thereunder, and none of such filings contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading. 

  

	 	3.4.	Capitalization and Issuances of Stock. The Company has authorized and outstanding capital stock as set forth in its SEC Filings. All outstanding shares of capital stock of
the Company are duly authorized, validly issued and outstanding, fully paid and non-assessable. Except as set forth in the SEC Filings: (i) there are no outstanding options, stock subscription agreements, warrants or other rights permitting or
requiring the Company or others to purchase or acquire any shares of capital stock or other equity securities of the Company; (ii) there are no securities issued or outstanding which are convertible into or exchangeable for any of the foregoing
and there are no contracts, commitments or understandings, whether or not in writing, to issue or grant any such option, warrant, right or convertible or exchangeable security; (iii) there are no shares of stock or other securities of the
Company reserved for issuance for any purpose; (iv) there are no voting trusts or other contracts, commitments, understandings, arrangements or restrictions of any kind with respect to the ownership, voting or transfer of shares of stock or
other securities of the Company to 

	 	 	which the Company or, to the best of the Company’s knowledge, any stockholder of the Company is a party, including without limitation, any preemptive rights, rights of first
refusal, proxies or similar rights and (v) there is no person who holds a right to require the Company to register any securities of the Company under the 1933 Act or to participate in any such registration. The issued and outstanding shares of
capital stock of the Company conform to all statements in relation thereto contained in the SEC Filings, and the SEC Filings describe all material terms and conditions thereof. All issuances by the Company of its securities were exempt from
registration under the 1933 Act and any applicable state securities laws or were issued pursuant to a registration statement declared effective by the SEC under the 1933 Act and which registration statement was available for the sale of the type of
securities sold thereunder. 

  

	 	3.5.	Subsidiaries. The Company has one wholly owned subsidiary, UT Holdings, Inc., a Delaware corporation. 

  

	 	3.6.	Issuance of Securities. The issuance, sale and delivery of the Securities in accordance with this Agreement, have been, or will be on or prior to the Closing, duly
authorized, and the Shares reserved for issuance by all necessary corporate action on the part of the Company. The Securities, when so issued, sold and delivered against payment therefore in accordance with the provisions of this Agreement will be
duly and validly issued, fully paid and non-assessable, and will be free of all liens, charges, claims, encumbrances and restrictions on transfer other than the restrictions on transfer under the Transaction Documents and under applicable state and
federal securities laws. 

  

	 	3.7.	Governmental Consents. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any governmental entity or
regulatory body (a “Governmental Entity”) is required on the part of the Company in connection with the execution and delivery of the Transaction Documents, the offer, issue, sale and delivery of the Securities or the other transactions to
be consummated as contemplated by this Agreement except qualifications or filings under the 1933 Act and other applicable state securities laws which qualifications or filings, if required, will be obtained or made and will be effective within the
time periods required by law. 

  

	 	3.8.	Offering Exemption. Assuming the accuracy of the representations and warranties made by the Purchaser, the offer, sale and issuance of the Securities to the Purchaser will be
exempt from the registration requirements of the 1933 Act and will have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of all applicable state securities
laws. Neither the Company nor any agent on its behalf has solicited or will solicit any offers to sell or has offered to sell or will offer to sell all or any 

	 	 	part of the Securities to any person or persons so as to bring the sale of such Securities by the Company within the registration provisions of the 1933 Act or any state securities
laws. 

  

	 	3.9.	Litigation. There is no action, suit, proceeding or investigation pending or, to the Company’s knowledge, is currently threatened, against the Company, except as
described on Schedule 3.9 to this Agreement. The Company is not aware of any basis for any of the foregoing or any intent on its part to initiate any of the foregoing. 

  

	 	3.10.	Financial Statements. The financial statements set forth in the Company’s SEC Filings (the “Financial Statements”) are complete and
correct in all material respects, are in accordance with the books and records of the Company as at the dates and for the periods indicated, and have been prepared in accordance with generally accepted accounting principles consistently applied to
companies domiciled in the United States, except to the extent that the un-audited financial statements may not contain all required footnotes and are subject to normal year-end audit adjustments that in the aggregate will not be material.

  

	 	3.11.	Absence of Liabilities. Except as set forth in the Financial Statements, the Company has no material liabilities, contingent or otherwise, other than (i) liabilities
incurred in the ordinary course of business, that individually or in the aggregate are not material to the financial condition or operating results of the Company, and (ii) obligations not required under generally accepted accounting principles
to be reflected in the Financial Statements. 

  

	 	3.12.	Taxes. The Company has paid all taxes due as of the date hereof. The Company has timely filed or has obtained presently effective extensions with respect to all Federal,
state, county, local and foreign tax returns (collectively, “Tax Returns”) that the Company are required to file. The Tax Returns are true and correct and all taxes shown thereon to be due have been timely paid,
with any exceptions permitted by any taxing authority not having a materially adverse effect on the Company. No penalties or other chares are or will become due with respect to any such Tax Returns as the result of the late filing thereof. The
Company has either paid or established in the Financial Statements adequate reserves for the payment of all such taxes due or claimed to be due by any taxing authority in connection with any such Tax Returns. None of the Company’s federal
income tax returns have been audited by the Internal Revenue Service, and no controversy with respect to taxes of any type is pending or, to the knowledge of the Company, threatened. The Company has withheld or collected from each payment made to
its employees the amount of all taxes required to be withheld or collected therefrom and has paid all such amounts to the appropriate taxing authorities when due. Neither the Company nor any of its stockholders has ever filed (i) an election
pursuant to Section 1362 of the Internal Revenue Code of 1986, 

	 	 	as amended (the “Code”), that the Company be taxed as an S Corporation, or (ii) a consent pursuant to Section 341(f) of the Code relating to
collapsible corporations. 

  

	 	3.13.	Property and Assets. The Company has good title to, or a valid leasehold interest in, all of its material properties and assets, including all properties and assets reflected
in the Balance Sheet. None of such properties or assets is subject to any mortgage, pledge, lien, security interest, lease, charge or encumbrance other than those the material terms of which are described in the Balance Sheet or in Schedule
3.13. The Company does not own any real estate. All personal property of the Company is in good operating condition and repair (ordinary wear and tear and routinely scheduled maintenance excepted) and is suitable and adequate for the uses for
which it is intended or is being used. 

  

	 	3.14.	Intellectual Property. To the best of the Company’s knowledge the Company owns, or has the right to use, free and clear of all liens, charges, claims and restrictions,
all patents, patent applications, trademarks, service marks, trademark and service mark applications, trade names, copyrights and licenses presently owned or held by the Company or employed or proposed to be employed by it in its business as now
conducted or proposed to be conducted, as well as any agreement under which the Company has access to any confidential information used by the Company in its business (the “Intellectual Property Rights”). Except as set forth on Schedule
3.14, the Company has not received any communications alleging that the Company has violated any of the patents, trademarks, service marks, trade names, copyrights, licenses, trade secrets or other proprietary rights of any other person or
entity (“Third-Party Intellectual Property Rights”), and to the best of Company’s knowledge the business proposed by the Company will not cause the Company to infringe or violate any Third Party Intellectual Property Rights. The
Company is not aware of any violation by any third party of any Intellectual Property Rights of the Company or of any defects therein or in the title thereto. The Company is not aware that any employee is obligated under any contract (including any
license, covenant or commitment of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would conflict or interfere with: (i) the performance of such employee’s duties as
an officer, employee or director of the Company; (ii) the use of such employee’s reasonable best efforts to promote the interests of the Company; or (iii) the Company’s business as conducted. 

  

	 	3.15.	Compliance. The Company has, in all material respects, complied with all laws, regulations and orders applicable to their business and have all material permits and licenses
required thereby. There is no term or provision of any material mortgage, indenture, contract, agreement or instrument to which the Company is a party or by which it is bound, or, to 

	 	 	the best of the Company’s knowledge, of any state or Federal judgment, decree, order, statute, rule or regulation applicable to or binding upon the Company that materially
adversely affects the business, prospects, condition, affairs or operations of the Company or any of its properties or assets. To the Company’s knowledge, no employee of the Company is in violation of any contract or covenant (either with the
Company or with another entity) relating to employment, patent, other proprietary information disclosure, non-competition, or non-solicitation. 

  

	 	3.16.	Employees. All employees of the Company who have access to confidential or proprietary information of the Company have executed and delivered nondisclosure agreements, and
all of such agreements are in full force and effect. The Company is not aware that any employee of the Company has plans to terminate his or her employment relationship with the Company. The Company has complied in all material respects with all
applicable laws relating to wages, hours, equal opportunity, collective bargaining, workers’ compensation insurance and the payment of social security and other taxes. None of the employees of the Company is represented by any labor union, and
there is no labor strike or other labor trouble (including, without limitation, any organizational drive) pending or, to the knowledge of the Company, threatened with respect to the Company. 

  

	 	3.17.	Environmental and Safety Matters. To the Company’s knowledge, the Company is not in material violation of any applicable environmental law, and to its knowledge, no
material expenditures are or will be required in order to comply with any such environmental law. 

  

	 	3.18.	Books and Records. The books of account, ledgers, order books, records and documents of the Company accurately and completely reflect all material information relating to the
business of the Company the location and collection of its assets, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company. 

  

	 	3.19.	Brokers or Finders. The Company has not agreed to incur, directly or indirectly, any liability for brokerage or finders’ fees, agents’ commissions or other similar
charges in connection with the Transaction Documents or any of the transactions contemplated hereby or thereby. 

  

	 	3.20.	Disclosures. The Company has provided the Purchaser with all information requested by the Purchaser in connection with their decision to purchase the Securities. Neither this
Agreement, any Exhibit hereto nor the Transaction Documents, nor any report, certificate or instrument furnished to the Purchaser or its agents in connection with the transactions contemplated by this Agreement, when read together, contains or will
contain any material misstatement of fact or omits to state a material fact necessary to make the statements contained herein or therein not misleading. 

 ARTICLE IV 
 REGISTRATION RIGHTS 
  

	 	4.1.	Piggy-Back Registrations. If at any time after the first anniversary of the purchase of the Shares, the Company shall determine to register for its own account or the account
of others under the 1933 Act (including pursuant a demand for registration of any stockholder of the Company) any of its equity securities, other than on Form S-4 or Form S-8 or their then equivalents relating to shares of Common Stock to be issued
solely in connection with any acquisition of any entity or business or shares of Common Stock issuable in connection with stock option or other employee benefit plans, it shall send to each holder of Registrable Shares who is entitled to
registration rights under this Section 4.1 written notice of such determination and, if within 15 days after receipt of such notice, such holder shall so request in writing, the Company shall use its reasonable best efforts to include in such
registration statement all or any part of the Registrable Shares such holder requests to be registered, except that if; in connection with a public offering of the Company the managing underwriter shall impose a limitation on the number of shares of
such Common Stock which may be included in the registration statement because, in its judgment, such limitation is necessary to effect an orderly public distribution, then the Company shall be obligated to include in such registration statement only
such limited portion of the Registrable Shares with respect to which such holder has requested inclusion hereunder on a pro rata basis. 

  

	 	 	“Registrable Shares” shall mean and include the Shares provided; however, those shares of Common Stock which are Registrable Shares shall cease to be Registrable
Shares upon the consummation of any sale pursuant to a registration statement or Rule 144 under the 1933 Act. 

  

	 	4.2.	Effectiveness. The Company will use its reasonable best efforts to maintain the effectiveness for up to 90 days (or such shorter period of time as the underwriters need to
complete the distribution of the registered offering) of any registration statement pursuant to which any of the Registrable Shares are being offered, and from time to time will amend or supplement such registration statement and the prospectus
contained therein to the extent necessary to comply with the 1933 Act and any applicable state securities statute or regulation. The Company will also provide each holder of Registrable Shares with as many copies of the prospectus contained in any
such registration statement as it may reasonably request. 

	 	4.3.	Indemnification by the Company. 

  

	 	A.	In the event that the Company registers any of the Registrable Shares under the 1933 Act, the Company will indemnify and hold harmless each holder and each underwriter of the
Registrable Shares (including their officers, directors, affiliates and partners) so registered (including any broker or dealer through whom such shares may be sold) and each person, if any, who controls such holder or any such underwriter within
the meaning of Section 15 of the 1933 Act from and against any and all losses, claims, damages, expenses or liabilities, joint or several, to which they or any of them become subject under the 1933 Act, applicable state securities laws or under
any other statute or at common law or otherwise, as incurred, and, except as hereinafter provided, will reimburse each such holder, each such underwriter and each such controlling person, if any, for any legal or other expenses reasonably incurred
by them or any of them in connection with investigating or defending any actions whether or not resulting in any liability, as incurred, insofar as such losses, claims, damages, expenses, liabilities or actions arise out of or are based upon any
untrue statement or alleged untrue statement of a material fact contained in the registration statement, in any preliminary or amended preliminary prospectus or in the final prospectus (or the registration statement or prospectus as from time to
time amended or supplemented by the Company) or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, or
any violation by the Company of any rule or regulation promulgated under the 1933 Act or any state securities laws applicable to the Company and relating to action or inaction required of the Company in connection with such registration,
unless (i) such untrue statement or alleged untrue statement or omission or alleged omission was made in such registration statement, preliminary or amended preliminary prospectus or final prospectus in reliance upon and in conformity
with information furnished in writing to the Company in connection therewith by any such holder of Registrable Shares (in the case of indemnification of such holder), any such underwriter (in the case of indemnification of such underwriter) or any
such controlling person (in the case of indemnification of such controlling person) expressly for use therein, or unless (ii) in the case of a sale directly by such holder of Registrable Shares (including a sale of such Registrable
Shares through any underwriter retained by such holder of Registrable Shares to engage in a distribution solely on behalf of such holder of Registrable Shares), such untrue statement or alleged untrue statement or omission or alleged omission was
contained in a 

	 	 	preliminary prospectus and corrected in a final or amended prospectus copies of which were delivered to such holder of Registrable Shares or such underwriter on a timely basis, and
such holder of Registrable Shares failed to deliver a copy of the final or amended prospectus at or prior to the confirmation for the sale of the Registrable Shares to the person asserting any such loss, claim, damage or liability in any case where
such delivery is required by the 1933 Act. 

  

	 	B.	Promptly after receipt by any holder of Registrable Shares, any underwriter or any controlling person of notice of the commencement of any action in respect of which indemnity may
be sought against the Company, such holder of Registrable Shares, or such underwriter or such controlling person, as the case may be, will notify the Company in writing of the commencement thereof (provided, that failure by any such person to so
notify the Company shall not relieve the Company from any liability it may have hereunder to any other person entitled to claim indemnity or contribution hereunder) and, subject to the provisions hereinafter stated, the Company shall be entitled to
assume the defense of such action (including the employment of counsel, who shall be counsel reasonably satisfactory to such holder of Registrable Shares, such underwriter or such controlling person, as the case may be), and the payment of expenses
insofar as such action shall relate to any alleged liability in respect of which indemnity may be sought against the Company. 

  

	 	C.	In order to provide for just and equitable contribution to joint liability under the 1933 Act in any case in which any holder of Registrable Shares exercising rights under this
Article V or any controlling person of any such holder, makes a claim for indemnification pursuant to this Section 4.3 but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the
expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 4.3 provides for indemnification in such case, then, the Company and
such holder will contribute to the aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and
of the holder of Registrable Shares on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company
on the one hand and of the holder of Registrable Shares on the other shall be determined by reference to, among other things, whether the untrue 

	 	 	or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company on the one hand or by the
holder of Registrable Shares on the other, and each party’s relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case, (A) no such
holder will be required to contribute any amount in excess of the public offering price of all such Registrable Shares offered by it pursuant to such registration statement, net of any underwriting discounts or commissions paid by such holder; and
(B) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) will be entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation.

  

	 	4.4.	Indemnification by Holders of Registrable Shares. 

  

	 	A.	In the event that the Company registers any of the Registrable Shares under the 1933 Act, each holder of the Registrable Shares so registered will, as a condition to registration of
the Registrable Shares, agree to indemnify and hold harmless the Company, each of its directors, each of its officers who have signed or otherwise participated in the preparation of the registration statement, each underwriter of the Registrable
Shares so registered (including any broker or dealer through whom such of the shares may be sold) and each person, if any, who controls the Company within the meaning of Section 15 of the 1933 Act from and against any and all losses, claims,
damages, expenses or liabilities, joint or several, to which they or any of them may become subject under the 1933 Act, applicable state securities laws or under any other statute or at common law or otherwise, and, except as hereinafter provided,
will reimburse the Company and each such director, officer, underwriter or controlling person for any legal or other expenses reasonably incurred by them or any of them in connection with investigating or defending any actions whether or not
resulting in any liability, insofar as such losses, claims, damages, expenses, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the registration statement, in any
preliminary or amended preliminary prospectus or in the final prospectus (or in the registration statement or prospectus as from time to time amended or supplemented) or arise out of or are based upon the omission or alleged omission to state
therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, but only insofar as any such statement or omission was made in reliance upon and in conformity with information furnished in
writing to the Company in connection therewith by 

	 	 	such holder of Registrable shares expressly for use therein; provided, however, that such holder’s obligations hereunder shall be limited to an amount equal to the
aggregate public offering price of the Registrable Shares sold by such holder in such registration, net of any underwriting discounts or commissions paid by such holder. 

  

	 	B.	In order to provide for just and equitable contribution to joint liability under the 1933 Act in any case in which the Company or another person entitled to indemnification pursuant
to this Section 4.4 makes a claim for indemnification pursuant to this Section 4.4, but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or
the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding that this Section 4.4 provides for indemnification, in such case, then, the Company and such holder will contribute to the
aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and of the holder of Registrable Shares
on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of the holder of
Registrable Shares on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by
the Company on the one hand or by the holder of Registrable Shares on the other, and each party’s relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, however,
that, in any such case, (i) no such holder will be required to contribute any amount in excess of the public offering price of all such Registrable Shares offered by it pursuant to such registration statement, net of any underwriting discounts
or commissions paid by such holder; and (ii) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) will be entitled to contribution from any person or entity who was not guilty of
such fraudulent misrepresentation. 

  

	 	4.5.	Exchange Act Reports. The Company will use its reasonable best efforts to timely file with the Commission such information as the Commission may require under the Exchange
Act and shall use its reasonable best efforts to take all action as may be required as a condition to the availability of Rule 144 or Rule 144A under the 1933 Act (or any successor exemptive rule hereafter in effect) with respect to such Common

	 	 	Stock. The Company shall furnish to any holder of Registrable Shares forthwith upon request (i) a written statement by the Company as to its compliance with the reporting
requirements of Rule 144, (ii) a copy of the most recent annual or quarterly report of the Company as filed with the Commission, and (iii) such other reports and documents as a holder may reasonably request in availing itself of any rule
or regulation of the Commission allowing a holder to sell any such Registrable Securities without registration. The Company agrees to use its reasonable best efforts to facilitate and expedite transfers of the Shares pursuant to Rule 144 under the
1933 Act, which efforts shall include timely notice to its transfer agent to expedite such transfers of Shares. 

  

	 	4.6.	Expenses. In the case of each registration effected under Section 4.1, the Company shall bear all reasonable costs and expenses of each such registration on behalf of
the selling holders of Registrable Shares, including, but not limited to, the Company’s printing, legal and accounting fees and expenses, Commission and NASD filing fees and “Blue Sky” fees; provided, however, that the Company
shall have no obligation to pay or otherwise bear any portion of the underwriters’ commissions or discounts attributable to the Registrable Shares being offered and sold by the holders of the Registrable Shares, or the fees and expenses of
counsel for the selling holders of Registrable Shares in connection with the registration of the Registrable Shares. 

  

	 	4.7.	Transferability. For all purposes of Article IV of this Agreement, a Purchaser or assignee thereof who agrees to be bound by the provisions of this Article IV shall be deemed
at any particular time to be the holder of all Registrable Securities of which such person shall at such time be the “beneficial owner,” determined in accordance with Rule 13d-3 under the Exchange Act. 

 ARTICLE V 
 MISCELLANEOUS

  

	 	5.1.	No Waiver; Cumulative Remedies. No failure or delay on the part of any party to this Agreement in exercising any right, power or remedy hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law. 

  

	 	5.2.	Amendments, Waivers and Consents. Any provision in the Agreement to the contrary notwithstanding, and except as hereinafter provided, changes in, termination or amendments of
or additions to this Agreement may be made, and compliance with any covenant or provision set forth herein may be omitted or waived, if the Company shall obtain consent thereto in 

	 	 	writing from the Purchaser. Any waiver or consent may be given subject to satisfaction of conditions stated therein and any waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given. 

  

	 	5.3.	Addresses for Notices. All notices, requests, demands and other communications provided for hereunder shall be in writing (including telegraphic communication) and mailed,
telegraphed or delivered to each applicable party at the address set forth on Schedule 5.3 hereto or at such other address as to which such party may inform the other parties in writing in compliance with the terms of this Section. All such notices,
requests, demands and other communications shall be considered to be effective when delivered. 

  

	 	5.4.	Costs, Expenses and Taxes. In connection with this Agreement, all parties shall bear their own expenses. 

  

	 	5.5.	Effectiveness; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the Company, the Purchaser and the respective successors and
assigns; provided that, the Company may not assign any of its rights or obligations under this Agreement without the prior written consent of the Purchaser. The Purchaser may assign all or any part of its rights and obligations hereunder to
any person who acquires any Shares or Warrants owned by the Purchaser subject to the conditions of this Agreement. 

  

	 	5.6.	Prior Agreements. The Transaction Documents executed and delivered in connection herewith constitute the entire agreement between the parties and supersede any prior
understandings or agreements concerning the subject matter hereof. 

  

	 	5.7.	Severability. The provisions of the Transaction Documents are severable and, in the event that any court of competent jurisdiction shall determine that any one or more of the
provisions or part of a provision contained therein shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision or part of a provision of
such Transaction Document and the terms of the Shares shall be reformed and construed as if such invalid or illegal or unenforceable provision, or part of a provision, had never been contained herein, and such provisions or part reformed so that it
would be valid, legal and enforceable to the maximum extent possible. 

  

	 	5.8.	Governing Law; Venue.  

  

	 	A.	This Agreement shall be enforced, governed and construed in accordance with the laws the State of Delaware or federal 

	 	 	securities law where applicable without giving effect to choice of laws principles or conflict of laws provisions. Any suit, action or proceeding pertaining to this Agreement or any
transaction relating hereto shall be Florida, United States of America, and the undersigned hereby irrevocably consents and submits to the jurisdiction of such courts for the purpose of any such suit, action, or proceeding. Purchaser acknowledges
and agrees that venue hereunder shall lie exclusively in Florida. 

  

	 	B.	Purchaser hereby waives, and agrees not to assert against the Company, or any successor assignee thereof, by way of motion, as a defense, or otherwise, in any such suit, action or
proceeding, (i) any claim that the Purchaser is not personally subject to the jurisdiction of the above-named courts, and (ii) to the extent permitted by applicable law, any claim that such suit, action or proceeding is brought in an
inconvenient forum or that the venue of any such suit, action or proceeding is improper or that this Agreement may not be enforced in or by such courts 

  

	 	5.9.	Headings. Article, section and subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement
for any other purpose. 

  

	 	5.10.	Survival of Representations and Warranties. All representations and warranties made in the Transaction Documents, the Shares, or any other instrument or document delivered in
connection herewith or therewith, shall survive the execution and delivery hereof or thereof. 

  

	 	5.11.	Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument, and any of the parties
hereto may execute this Agreement by signing any such counterpart. 

  

	 	5.12.	Further Assurances. From and after the date of this Agreement, upon the request of the Purchaser or the Company, the Company and the Purchaser shall execute and deliver such
instruments, documents and other writings as may be reasonably necessary or desirable to confirm and carry out and to effectuate fully the intent and purposes of the Transaction Documents and the Shares. 

 IN WITNESS WHEREOF, the parties hereto have caused this Stock Purchase Agreement to be executed as
of the date first above written. 
  

			
	SELLER:
	
	UNIVERSAL TANNING VENTURES, INC.
		
	By:	 	 /s/ Glen Woods

	Name:	 	Glen Woods
	Title:	 	President
	
	PURCHASER:
	
	RHINO ISLAND CAPITAL, LTD.
		
	By:	 	 /s/ John Mattera

	Name:	 	John Mattera
	Title:	 	President

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