Document:

ex102.htm

Exhibit 10.2

MAGNOLIA SOLAR CORPORATION.

54 Cummings Park

Suite 316

Woburn, MA 01801

 

December 31, 2013

Re:           Magnolia Solar Corporation

Ladies and Gentlemen:

Reference is made to that certain (i) Second Amended and Restated Original Issue Discount Senior Secured Convertible Note of Magnolia Solar Corporation (the “Company”) dated December 21, 2012 in the aggregate principal amount set forth in the signature line below held by the undersigned (the “Second Amended Note”), and (ii) Second Amended and Restated Warrant dated December 21, 2012 as evidenced by the warrant number referenced in the signature line below (the “Second Amended Warrant”). Reference is further made to those other notes and/or warrants (the “Other Notes” and “Other Warrants”, respectively), originally issued, directly or indirectly, in connection with that certain offering of 26.6 units of the Company that closed on December 31, 2009 and which resulted, either directly or indirectly, in the issuance of the Second Amended Note and Second Amended Warrant.

1. Effective as of the date hereof, the holder of the Second Amended Note and Second Amended Warrant (the “Holder”) and the Company hereby agree as follows: (i) the Maturity Date of the Second Amended Note, as such term is defined therein, is extended to December 31, 2014, (ii) the Warrant Price of the Second Amended Warrant, as such term is defined therein, is reduced to $0.10 per share, and (iii) except as set forth herein, all other terms and conditions of the Second Amended Note and Second Amended Warrant shall remain unamended and in full force and effect.

2. The Holder hereby waives any adjustment under Section 5 of the Second Amended Note and Second Amended Warrant that (i) may arise under the provisions of Section 1 herein, (ii) may arise as a result of the extension of the term of any Other Note, (iii) as a result of the reduction of the Warrant Price of any Other Warrant, and/or (B) may have occurred at any time after the issuance of the Second Amended Note and Second Amended Warrant through to and including the date hereof.

Upon the mutual execution of this agreement, please affix this agreement to the Second Amended Note and Second Amended Warrant held by the undersigned.

 

	 	
Very truly yours,

 

MAGNOLIA SOLAR CORPORATION

	 	  
	 	/s/ Ashok K. Sood	
12/31/2013

	 	
By: Dr. Ashok K. Sood

	 	
Title: President and Chief Executive Officer

Agreed and Accepted

as of the date hereof:

	
/s/ Alan Donenfeld

	
 

By: Mr. Alan Donenfeld

Title: General Partner, Paragon Capital, LP

Principal Amount of Note: _$700,000___

Warrant No: __MSC-001A________ex103.htm

Exhibit 10.3

MAGNOLIA SOLAR CORPORATION.

54 Cummings Park

Suite 316

Woburn, MA 01801

 

December 29, 2013

Re:           Magnolia Solar Corporation

Ladies and Gentlemen:

Reference is made to that certain (i) Second Amended and Restated Original Issue Discount Senior Secured Convertible Note of Magnolia Solar Corporation (the “Company”) dated December 21, 2012 in the aggregate principal amount set forth in the signature line below held by the undersigned (the “Second Amended Note”), and (ii) Second Amended and Restated Warrant dated December 21, 2012 as evidenced by the warrant number referenced in the signature line below (the “Second Amended Warrant”). Reference is further made to those other notes and/or warrants (the “Other Notes” and “Other Warrants”, respectively), originally issued, directly or indirectly, in connection with that certain offering of 26.6 units of the Company that closed on December 31, 2009 and which resulted, either directly or indirectly, in the issuance of the Second Amended Note and Second Amended Warrant.

1. Effective as of the date hereof, the holder of the Second Amended Note and Second Amended Warrant (the “Holder”) and the Company hereby agree as follows: (i) the Maturity Date of the Second Amended Note, as such term is defined therein, is extended to December 31, 2014, (ii) the Warrant Price of the Second Amended Warrant, as such term is defined therein, is reduced to $0.10 per share, and (iii) except as set forth herein, all other terms and conditions of the Second Amended Note and Second Amended Warrant shall remain unamended and in full force and effect.

2. The Holder hereby waives any adjustment under Section 5 of the Second Amended Note and Second Amended Warrant that (i) may arise under the provisions of Section 1 herein, (ii) may arise as a result of the extension of the term of any Other Note, (iii) as a result of the reduction of the Warrant Price of any Other Warrant, and/or (B) may have occurred at any time after the issuance of the Second Amended Note and Second Amended Warrant through to and including the date hereof.

Upon the mutual execution of this agreement, please affix this agreement to the Second Amended Note and Second Amended Warrant held by the undersigned.

 

	 	
Very truly yours,

 

MAGNOLIA SOLAR CORPORATION

	 	  
	 	/s/ Ashok K. Sood 	
12/29/2013

	 	
By: Dr. Ashok K. Sood

	 	
Title: President and Chief Executive Officer

Agreed and Accepted

as of the date hereof:

	
 
/s/ Alan Donenfeld

	
 

By: Mr. Alan Donenfeld

Title: General Partner, Paragon Capital Offshore, LP

Principal Amount of Note: _$300,000___

Warrant No: __MSC-002A________ex104.htm

Exhibit 10.4

MAGNOLIA SOLAR CORPORATION.

54 Cummings Park

Suite 316

Woburn, MA 01801

 

December 31, 2013

Re:           Magnolia Solar Corporation

Ladies and Gentlemen:

Reference is made to that certain (i) Second Amended and Restated Original Issue Discount Senior Secured Convertible Note of Magnolia Solar Corporation (the “Company”) dated December 21, 2012 in the aggregate principal amount set forth in the signature line below held by the undersigned (the “Second Amended Note”), and (ii) Second Amended and Restated Warrant dated December 21, 2012 as evidenced by the warrant number referenced in the signature line below (the “Second Amended Warrant”). Reference is further made to those other notes and/or warrants (the “Other Notes” and “Other Warrants”, respectively), originally issued, directly or indirectly, in connection with that certain offering of 26.6 units of the Company that closed on December 31, 2009 and which resulted, either directly or indirectly, in the issuance of the Second Amended Note and Second Amended Warrant.

1. Effective as of the date hereof, the holder of the Second Amended Note and Second Amended Warrant (the “Holder”) and the Company hereby agree as follows: (i) the Maturity Date of the Second Amended Note, as such term is defined therein, is extended to December 31, 2014, (ii) the Warrant Price of the Second Amended Warrant, as such term is defined therein, is reduced to $0.10 per share, and (iii) except as set forth herein, all other terms and conditions of the Second Amended Note and Second Amended Warrant shall remain unamended and in full force and effect.

2. The Holder hereby waives any adjustment under Section 5 of the Second Amended Note and Second Amended Warrant that (i) may arise under the provisions of Section 1 herein, (ii) may arise as a result of the extension of the term of any Other Note, (iii) as a result of the reduction of the Warrant Price of any Other Warrant, and/or (B) may have occurred at any time after the issuance of the Second Amended Note and Second Amended Warrant through to and including the date hereof.

Upon the mutual execution of this agreement, please affix this agreement to the Second Amended Note and Second Amended Warrant held by the undersigned.

 

	 	
Very truly yours,

 

MAGNOLIA SOLAR CORPORATION

	 	  
	 	/s/ Ashok K. Sood 	
12/31/2013

	 	
By: Dr. Ashok K. Sood

	 	
Title: President and Chief Executive Officer

Agreed and Accepted

as of the date hereof:

	
/s/ Larry Butz

	
 

By: Mr. Larry Butz

Title: Authorized Signatory, Daybreak Special Situations Master Fund, Ltd.

Principal Amount of Note: _$1,000,000___

Warrant No: __MSC-002A________ex105.htm

Exhibit 10.5

MAGNOLIA SOLAR CORPORATION.

54 Cummings Park

Suite 316

Woburn, MA 01801

 

January ___, 2014

Re:           Magnolia Solar Corporation

Ladies and Gentlemen:

Reference is made to that certain letter dated December ___, 2013 from Magnolia Solar Corporation (the “Company”), a copy of which is attached hereto (the “December Letter”). This letter hereby supplements the December Letter. Any undefined capitalized terms used herein shall bear such meaning as ascribed to them in the December Letter.

1.          Effective as of the date of the December Letter, the holder of the Amended Warrant (the “Holder”) and the Company hereby agree as follows: (i) the Expiration Date of the Amended Warrant, as such term is defined therein, is extended to December 31, 2016, and (iii) except as set forth herein, all other terms and conditions of the Amended Warrant shall remain unamended and in full force and effect.

2.          The Holder hereby waives any adjustment under Section 5 of the Amended Warrant that (i) may arise under the provisions of Section 1 herein, and/or (ii) may arise as a result of the extension of the term of any Other Warrant.

Upon the mutual execution of this agreement, please affix this agreement to the Amended Warrant held by the undersigned.

 

	
 

	
Very truly yours,

 

  

MAGNOLIA SOLAR CORPORATION

	  	 
	
 

	 	 
	
 

	By: Dr. Ashok K. Sood
	
 

	Title: President and Chief Executive Officer

Agreed and Accepted

as of the date hereof:

 

	
 

	
  

By:

Title:Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

This ASSET PURCHASE
AGREEMENT (“Agreement”) is made effective the 5th day of March 2014 (“Effective Date”), between
MEDIA RHYTHM GROUP, INC., a California corporation (“Buyer”), and FREEBUTTON, INC., a Nevada corporation (“Seller”),
and is made with reference to the following facts:

 

RECITALS

 

A.             On
July 11, 2013, Buyer and Seller entered into that certain Asset and Business Acquisition Agreement, whereby Buyer sold to seller
all of the assets in relation to Buyer’s business (the “Business”), for payment by Seller of $420,000
pursuant to a Promissory Note (the “Note”) payable in 24 equal monthly installments commencing on August 1,
2013 (the “Seller Acquisition”).

 

B.             Seller
has made payments in the amount of $28,016.00 to Buyer under the Note, and is in default thereof.

 

C.             Seller
desires to sell to Buyer, and Buyer desires to purchase from Seller, all of the Assets in exchange for cancellation of the Note,
as more particularly set forth herein.

 

NOW, THEREFORE, in
consideration of the mutual covenants, agreements and warranties contained in this Agreement, the parties agree as follows:

 

AGREEMENT

 

1.             PURCHASE AND SALE. Subject to the provisions and conditions set forth in this Agreement, Seller hereby sells,
conveys, transfers, assigns and delivers to Buyer, and Buyer purchases from Seller with a view to carrying on the Business as a
going concern, all of Seller’s right, title and interest in the assets used in the operation of the Business, free and clear
of all Liens, with effect from the Effective Date, including, without limitation, (i) the assets described in Exhibit A,
(ii) the goodwill developed by Seller in connection with its operation of the Business, and (iii) all other furniture,
fixtures, equipment, supplies, inventory, leasehold improvements (to the extent owned by Seller and deliverable to Buyer), telephone
numbers, tradenames, signs, and other business property used in the operation of the Business (collectively, the “Assets”).

 

3.             ASSUMPTION
OF LIABILITIES.  Buyer shall assume and/or take the Assets subject to any existing accounts payable or other
contracts or executory obligations entered into or incurred by Seller in connection with the Business prior to the Effective Date
in the ordinary course of business (the “Assumed Liabilities”).  

4.             PURCHASE PRICE. In consideration of Seller’s sale, transfer and assignment of the Assets to Buyer and the
other consideration provided by Seller herein, Buyer shall terminate the Note, and relieve Seller of any and all obligations under
the Note pursuant to that certain Cancellation and Termination of Promissory Note (the “Note Termination”),
in the form attached hereto as Exhibit B (the “Purchase Price”).

 

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		5.	CLOSING.

 

5.1          Time and Place
of Closing. The closing for the purchase and sale of the Assets (the “Closing”) shall be held at the
end of the business day on the Effective Date, or at such other time and place as the parties may mutually agree in writing (the
“Closing Date”). At the Closing, Seller shall transfer and convey title to the Assets to Buyer as provided
in this Agreement. From and after the Closing, Buyer shall take over the Business, and whatever rights Seller has in respect of
the Business.

 

5.2          Buyer’s
Closing Obligations. At or before the Closing, as required herein, Buyer shall execute, acknowledge, and deliver, as appropriate,
each of the following items:

 

(a)     The
Note Termination; and

 

(b)     All
other instruments and documents necessary to consummate the transactions contemplated by this Agreement.

 

5.3          Seller’s
Closing Obligations. At or before the Closing, as required herein, Seller shall execute, acknowledge, and deliver, as appropriate,
each of the following items:

 

(a)     A
duly executed Bill of Sale (the “Bill of Sale”), in the form attached hereto as Exhibit C and incorporated
by this reference, conveying all of Seller’s right, title and interest in and to the Assets to Buyer; and

 

(b)     All
other good and sufficient instruments and documents of conveyance and transfer as shall be necessary and effective to transfer,
convey, and assign to Buyer at the Closing all of Seller’s right, title, and interest in and to the Assets, free and clear
of any liens or encumbrances, as required by the terms of this Agreement.

 

6.            REPRESENTATIONS
AND WARRANTIES OF SELLER .Seller warrants to Buyer as follows:

 

6.1.         Power
and Authority. Seller has full power and authority and contractual right and authority to enter into this Agreement and
to sell, convey and transfer the Assets. This Agreement constitutes the legal, valid and binding obligation of Seller in accordance
with its terms, subject to applicable bankruptcy, insolvency and other laws affecting the rights of creditors generally. The execution
and delivery of this Agreement and the consummation of the transactions contemplated hereby does not conflict with, violate or
constitute a default under the terms, conditions or provisions of any agreement or instrument to which Seller is a party, or any
law, judgment or order of which Seller is aware, and will not result in the creation of any lien, mortgage, pledge, security interest
or encumbrance (collectively, “Liens”) on the Assets, except as may be created in favor of Seller hereby. 

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6.2.          Title
to and Condition of Assets. Seller has legal and beneficial title to the Assets, and the Assets are not encumbered by
any Liens, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, which Buyer shall or will succeed
to by reason of its purchase of the Assets. Seller shall transfer all of the Assets to Buyer, free and clear of all Liens. Seller
has not granted any license, agreement or other permission to any third party with respect to any of the Assets. Each Asset is
in good operating condition and repair except for ordinary wear and tear and is suitable for the purposes for which it presently
is used.

 

6.3.         Compliance
with Laws. The Business has complied with, and is not in violation of, any material applicable statutes, laws, ordinances
or regulations.

 

8.           WARRANTIES
OF BUYER. Buyer warrants to Seller as follows:

 

8.1.         Power
and Authority. Buyer has full corporate power and authority and contractual right and authority to enter into this Agreement
and to purchase the Assets, and has taken all corporate action necessary to authorize the execution and delivery of this Agreement,
the purchase of the Assets in accordance with its terms, and the performance of the obligations of Buyer hereunder. This Agreement
has been duly executed by an authorized officer of Buyer, and constitutes the legal, valid and binding obligation of Buyer in
accordance with its terms, subject to applicable bankruptcy, insolvency and other laws affecting the rights of creditors generally. 

 

8.2          Buyer’s
Due Diligence. Buyer hereby acknowledges that prior to the date of this Agreement, it has had the opportunity to physically
inspect the Assets, and further acknowledges that it had the opportunity to be provided with further documents, but chose not
to do so, and is satisfied itself with the conditions thereof and has performed and completed all other investigations and studies
necessary to determine the condition and feasibility of the Assets and the Business.

 

8.3          No Reliance
on Seller. Buyer represents, warrants and agrees that: (a) except only to the extent specifically set forth in this Agreement,
Buyer has not relied upon Seller nor any of the employees, agents or attorneys of Seller (collectively, “Seller’s
Agents”), and Seller has not made any oral or written representations, warranties, promises or guaranties whatsoever
to Buyer, whether express or implied, of any sort or nature relating to the condition (physical, financial or otherwise) of the
Assets, fitness for any specific use, or merchantability of any Assets, the income-producing potential of the Assets, the laws,
regulations and rules applicable to the Assets or the compliance (or non-compliance) of the Assets therewith, the quantity, quality
or condition of the Assets, or any other matter or thing affecting or relating to the Assets or the transactions contemplated hereby;
(b) Buyer has not relied upon any representations, warranties, promises or guarantees or upon any other statements of Seller except
only for those specifically set forth herein; and (c) Buyer has not relied on any financial statements or sales projections regarding
the Business in connection with Buyer’s decision to purchase the Assets, has completed its examination of the Assets, and
based upon such examination, is familiar with the physical condition thereof and has conducted such investigations as Buyer deemed
appropriate, and has elected to proceed with the transaction based solely on Seller’s representations and warranties set
forth herein and Buyer’s own independent investigation, inspection, analysis, appraisal, examination and evaluation of the
facts and circumstances.

 

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8.4          “As
Is”. Buyer agrees to accept the Assets “as is” in its present condition, subject to reasonable use, wear,
tear and natural deterioration of the Assets.

 

8.5          Waiver of
Bulk Sales Transfer. Buyer hereby waives all notice and publication requirements under the Bulk Transfer Division of the
Uniform Commercial Code of the State of California in connection with the sale of the Assets.

 

9.            INDEMNIFICATION.
Seller shall indemnify and hold Buyer harmless from and against any and all loss, cost, damage, claim, liability, or expense,
including reasonable attorney fees and costs, in any way arising from or related to (a) Seller’s ownership or use of the
Assets, Seller’s operation of the Business, and Seller’s performance of any service or sale of any product, all prior
to the Effective Date, (b) unpaid taxes with respect to any tax year or portion thereof ending on or before the Effective Date,
(c) the failure, breach or falsity of any representation or warranty of Seller contained in this Agreement, and/or (d) the failure
by Seller to observe or perform any other covenant or agreement to be observed or performed by Seller under this Agreement.

 

10.          MISCELLANEOUS.

 

10.1.       Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the
benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto. 

10.2.       Modification.
This Agreement may be modified or rescinded only by a writing signed by all parties to this Agreement or by their duly authorized
agents. 

 

10.3.       Agreement
to Necessary Acts. Each party to this Agreement agrees to execute and deliver all documents and perform further acts that
may be reasonably necessary to carry out the provisions of this Agreement. 

 

10.4.       No
Waiver. No waiver of any right under this Agreement shall be deemed effective unless in writing and signed by the party
charged with such waiver, and no waiver of any right arising from any breach or failure to perform shall be deemed to be a waiver
of any future such right or of any other right arising under this Agreement. 

 

10.5.       Entire
Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and
understandings, oral and written, between the parties hereto with respect to the subject matter hereof. The parties irrevocably
and unconditionally waive any right(s) that they may otherwise have to claim damages or other remedy in respect of any misrepresentation,
arrangement, understanding or agreement, and in respect of any breach of any warranty, covenant or representation, that is not
contained in this Agreement. It is further acknowledged and agreed that no representations, arrangements, understandings or agreements
(whether written or oral) made by or on behalf of either party have been relied upon by the other party other than those expressly
set out in this Agreement. 

 

10.6.       Exhibits.
All attached exhibits and schedules to which reference is made herein are hereby incorporated by this reference.

 

    	4

    	 

    

 

10.7.       Survival
of Warranties and Agreement. The warranties, obligations, covenants and agreements of the parties hereto shall in all
events survive the close of this Agreement where same is necessary to effectuate the intention of the parties.

 

10.8.       Arbitration. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, which
cannot be settled amicably by the parties, shall be finally settled by binding arbitration to be held in San Diego, California
before a single arbitrator under the Arbitration Rules of American Arbitration Association. The arbitrator shall determine all
questions of fact and law relating to any controversy, claim or dispute submitted for arbitration. Judgment upon the award rendered
by the arbitrator may be entered in any court having jurisdiction.

 

10.9.       Attorneys’
Fees. If any action or arbitration is commenced to enforce or interpret any provision of this Agreement, the prevailing
party shall be entitled to recover from the other party actual attorneys’ fees and costs incurred in connection with such
action, in addition to all other proper relief. Attorneys’ fees incurred in enforcing any judgment are recoverable as a
separate item, and this provision for post-judgment attorneys’ fees shall survive any judgment and shall not be deemed merged
into the judgment.

 

10.10.   
Remedies Cumulative. All remedies provided in this Agreement are cumulative and non-exclusive, and shall be in
addition to any and all other rights and remedies provided by law or in equity.

 

10.11.   
Governing Law. This Agreement shall be governed by and construed under the laws of the State of California, without
regard to the conflict of laws principles thereof.

 

10.12.   
Tax Consequences. Seller acknowledges that Buyer makes no representations or warranties, and has provided no
advice to Seller with respect to the tax consequences to Seller of the transactions contemplated by this Agreement. Seller acknowledges
that it has been advised by Buyer to consult its own tax advisor and legal counsel with respect to the tax aspects of this Agreement.

 

10.13.   
Joint and Several Liability. In all cases where more than one party executes this Agreement, all words used herein
in the singular shall be deemed to have been used in the plural where the context and construction so require, and the obligations
and undertakings hereunder are joint and several.

 

10.14.   
Remedies. Buyer irrevocably and unconditionally waives any right it may have to rescind or repudiate this Agreement
and acknowledges that damages for breach of contract will be its sole remedy for any claim in respect of misrepresentation, negligent
misstatement and/or breach of any warranty or any other claim under or in connection with this Agreement.

 

10.15.   
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original
and all of which together shall constitute but one and the same document.

 

[Signature Page Follows]

 

    	5

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Asset Purchase Agreement as of the Effective Date.

 

 

 

	 	
        BUYER:

         

        MEDIA RHYTHM GROUP, INC.,

        a California corporation

         

	 	 
	 	By: 	 /s/ James Lynch
	 	 	
        Name: James Lynch

        Title: President

         

	 	 
	 	
        SELLER:

         

        FREEBUTTON, INC.,

        a Nevada corporation

         

	 	By: 	/s/ James Lynch
	 	 	
        Name: James Lynch

        Title: Chief Executive Officer

         

	 	 	 
	 	By: 	/s/ Dallas
    Steinberger
	 	 	
        Name: Dallas Steinberger

        Title: COO

 

SCHEDULES AND EXHIBITS

 

EXHIBIT A – PURCHASED ASSETS 

EXHIBIT B – CANCELLATION AND TERMINATION
OF PROMISSORY NOTE 

EXHIBIT C – ASSIGNMENT AND BILL OF
SALE

 

 

 

    	6

    	 

    

EXHIBIT A

 

PURCHASED ASSETS

 

All rights, title and
interest in and to property, assets, interests and rights of any kind, whether tangible or intangible, owned by Seller and used
in the Business, including, without limitation, the following:

 

(a)     all
of Seller’s right, title and interest in and to the use of Seller’s business names including, but not limited to, the
name “Media Rhythm,” or any similar names, and the goodwill associated therewith, and all trade name, logos, copyrights,
service marks, trademarks and other intellectual property;

 

(b)      all
books of account, files, papers and other records relating to the Business and the Assets, including all invoices and customer
and vendor orders. Seller will be granted access to all such materials for the purposes of completing Seller’s requisite
accounts and tax filings;

 

(e)      all
URLs and websites used in connection with the Business;

 

(f)      all
of Seller’s right, title, and interest in and to (subject to the burden of) the contracts and other agreements of the Business,
including but not limited to all accounts receivable; and

 

(g)      all
the telephone and facsimile lines and numbers used by Seller in connection with the Business.

 

 

 

    	7

    	 

    

EXHIBIT B

 

CANCELLATION AND TERMINATION OF PROMISSORY
NOTE

 

This Cancellation and
Termination of Promissory Note (“Agreement”) is dated for reference purposes March 5, 2014 by and between Media Rhythm
Group, Inc., a California corporation (“Media Rhythm”) and FreeButton, Inc., a Nevada corporation (“FBTN”),
with reference to the following facts:

 

1.                 
FBTN purchased a business and its assets from Media Rhythm (the “Assets”) and in consideration therefore, FBTN
executed and delivered to Media Rhythm a Promissory Note in the principal amount of $420,000 (“Note”), dated July 11,
2013.

 

2.                 
FBTN has paid the total sum of $28,016.00 (the “Prior Payments”), and is therefore in default under the terms
of the Note. In consideration for the sale and transfer of the Assets back to Media Rhythm, Media Rhythm hereby delivers to FBTN
a complete release of all of FBTN’s obligations under the Note (“Note Termination”), and FBTN hereby agrees and
acknowledges that the Note Termination represents the full and total consideration due to FBTN, and FBTN releases any and all claims
for payment of any sums, including any claims or rights it may have to the Prior Payments.

 

NOW THEREFORE in consideration
of FBTN selling, assigning, transferring and conveying the Assets to Media Rhythm, the parties hereby agree that the Note is forever
terminated, extinguished and cancelled and neither party shall hereafter have any rights or obligations under the Note.

 

Media Rhythm will concurrently
herewith mark “Cancelled” on the Note and return the Note to FBTN.

 

IN WITNESS WHEREOF
the parties hereto have executed this Agreement as of the year and date below written.

 

 

	
        MEDIA RHYTHM GROUP, INC.,

        a California corporation
	 
	 	 
	By: 	/s/ James Lynch	 
	 	
        Name: James Lynch

        Title: President

         
	 

 

 

	
         

        FREEBUTTON, INC.,

        a Nevada corporation

         
	 	 	 
	By: 	/s/ James Lynch	 	By: 	/s/ Dallas Steinberger
	 	
        Name: James Lynch

        Title: Chief Executive Officer

         
	 	 	
        Name: Dallas Steinberger

        Title: COO

 

 

    	8

    	 

    

 

 

EXHIBIT C

 

ASSIGNMENT AND BILL OF SALE

 

BY THIS ASSIGNMENT
AND BILL OF SALE effective as March 5, 2014, FreeButton, Inc. (“Transferor”), in consideration for the Purchase Price,
as that term is defined in that certain Asset Purchase Agreement dated March 5, 2014 (the “Asset Purchase Agreement”)
by and between Transferor and Media Rhythm Group, Inc., pursuant to the terms of the Asset Purchase Agreement, does hereby grant,
sell, convey, assign, transfer and deliver to Media Rhythm Group, Inc. and its successors and assigns, all of the right, title
and interest held by Transferor in and to the Assets as that term is defined in the Asset Purchase Agreement, free and clear of
any and all encumbrances.

 

All provisions of this
Assignment and Bill of Sale are subject, in all respects, to the terms and conditions of the Asset Purchase Agreement and all of
the warranties, covenants, agreements and disclaimers contained therein, all of which shall survive the execution and delivery
of this Assignment and Bill of Sale.

 

All capitalized terms
used herein but not defined herein shall have the meanings assigned to them in the Asset Purchase Agreement.

 

IN WITNESS WHEREOF,
Transferor has executed this Assignment and Bill of Sale effective as of the date first above written.

 

	 	TRANSFEROR:

 

FREEBUTTON, INC.,

a Nevada corporation

 

	 	 	By: 	/s/ James Lynch
	 	 	 	
        Name: James Lynch

        Title: Chief Executive Officer

         

 

 

    	9

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