Document:

Exhibit 10.3

 

 

 

 

 

 

 

 

 

 

 

 

UNIT EXCHANGE AGREEMENT

 

by and among

 

PLAYBUTTON ACQUISITION CORP.,

 

PLAYBUTTON, LLC,

 

and

 

THE MEMBERS

 

 

 

 

 

 

 

Dated as of October 15, 2012

 

 

 

 

 

 

 

    	 

    	 

    

 

Table
of Contents

 

	Article I Exchange of Units	2
	 	 	 
	1.1	Exchange by Members	2
	1.2	Closing	2
	1.3	Restricted Class C Units	2
	1.4	Share Recapture Upon Forfeiture of Class C Units	2
	 	 	 
	Article II Representations and Warranties of the Members	3
	2.1	Good Title	3
	2.2	Power and Authority	3
	2.3	No Conflicts	3
	2.4	No Finder’s Fee	3
	2.5	Purchase Entirely for Own Account	3
	2.6	Experience of Such Member	3
	2.7	Access to Information	4
	2.8	Restricted Securities	4
	2.9	Legends	4
	2.10	No Derivatives	5
	 	 	 
	Article III Representations and Warranties of the Company	5
	 	 	 
	3.1	Organization, Standing and Power	5
	3.2	Company Subsidiaries	5
	3.3	Capital Structure	6
	3.4	Authority; Execution and Delivery; Enforceability	6
	3.5	No Conflicts; Consents	6
	3.6	Brokers	7
	 	 	 
	Article IV Representations and Warranties of Parent	7
	 	 	 
	4.1	Organization, Standing and Power	7
	4.2	Subsidiaries; Equity Interests	7
	4.3	Capital Structure	7
	4.4	Authority; Execution and Delivery; Enforceability	8
	4.5	No Conflicts; Consents	8
	4.6	Assets, Liabilities, Operations and Agreements	8
	 	 
	Article V Deliveries	9
	 	 	 
	5.1	Deliveries of the Members	9
	5.2	Deliveries of Parent	9
	5.3	Deliveries of the Company	10

 

    	i

    	 

    

 

	Article VI Conditions to Closing 	10
	 	 	 
	6.1	Member and Company Conditions Precedent	10
	6.2	Parent Conditions Precedent	11
	 	 	 
	Article VII Covenants 	12
	 	 	 
	7.1	Blue Sky Laws	12
	7.2	Public Announcements	12
	7.3	Continued Efforts	12
	7.4	Access	12
	7.5	Amendment to Certificate of Incorporation	12
	7.6	Directors and Officers	12
	 	 	 
	Article VIII Miscellaneous 	13
	 	 	 
	8.1	Notices	13
	8.2	Amendments; Waivers; No Additional Consideration	13
	8.3	Termination.	14
	8.4	Replacement of Securities	14
	8.5	Remedies	15
	8.6	Independent Nature of Members’ Obligations and Rights	15
	8.7	Limitation of Liability	15
	8.8	Interpretation	15
	8.9	Severability	15
	8.10	Counterparts; Facsimile Execution	16
	8.11	Entire Agreement; Third Party Beneficiaries	16
	8.12	Governing Law	16
	8.13	Assignment	16

 

EXHIBIT A - Members and Ownership Units

 

 

    	ii

    	 

    

 

Unit
Exchange Agreement

 

This
Unit Exchange Agreement (“Agreement”) effective as of October 15, 2012 is entered into by and
among Playbutton Acquisition Corp., a Delaware corporation (the “Parent”), Playbutton, LLC, a Delaware
limited liability company (the “Company”), the members of the Company (each a “Member” and
collectively, the “Members”) who have signed Exhibit A attached hereto. Each of the parties to this
Agreement are individually referred to herein as a “Party” and collectively, as the “Parties.”

 

R E C I T A L S 

 

A.             
The Company’s
outstanding equity capital consists exclusively of units of membership interests (the “Units”), all of which
are held by the Members. For purpose of this Agreement, the terms “Unit” and “Units” shall have the same
meaning given to such terms in that certain Limited Liability Company Agreement of the Company dated September 20, 2011, as amended
on March 7, 2012 (“Operating Agreement”). The Members are the record and beneficial owner of the classes and
number of Units set forth opposite such Member’s name on Exhibit A.

 

B.             
The Members wish
to transfer all of their Units in exchange for 3,384,079 shares (“Shares”) of the common stock of Parent, $0.0001
par value per share (“Parent Common Stock”).

 

C.             
Immediately following
the execution of this Agreement, Parent shall commence the private offering of units (“Parent Units”)
of its securities, at a price of $1.00 per Parent Unit, with each Parent Unit consisting of one share of Parent Common Stock, and
one-half warrant (“Parent Unit Warrant”), with each Parent Unit Warrant entitling its holder to
purchase one share of Parent Common Stock over a four year period at an exercise price of $1.50 per share (the “Financing”).

 

D.             
The obligations
of the Company and the Members to consummate the Unit exchange contemplated by Recital A (“Transaction”) shall
be subject to, among other conditions, the prior or concurrent sale of Parent Units by Parent for the gross proceeds of at least
$2,000,000 (“Minimum Financing Amount”).

 

E.             
In furtherance
of the Financing and the Transaction, Parte, LLC, a New York limited liability company (“Parte”), wishes to
sell to the Company, and the Company wishes to buy from Parte, concurrent with and subject to the closing of the Transaction and
the Minimum Financing Amount, certain intellectual property in consideration of Parent’s issuance of 892,375 shares of Parent
Common Stock to Parte pursuant to the terms of an Intellectual Property Purchase Agreement (“IP Purchase Agreement”)
of even date herewith between Parte, the Company and Parent.

 

F.             
The Company,
the Members, Parent and Parte intend that the transactions contemplated by this Agreement, including the Financing and the transactions
under the IP Purchase Agreement, constitute part of a single integrated transaction and are pursuant to a single integrated plan
intended to qualify as a tax-free transaction under Section 351 of the Internal Revenue Code of 1986, as amended.

 

    	1

    	 

    

 

A G R E E M E N T

 

NOW, THEREFORE,
in consideration of the foregoing recitals and the mutual representations, warranties, covenants and promises contained herein,
the adequacy and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

Exchange of Units

 

1.1             
Exchange by Members. At the Closing, each Member shall sell, transfer, convey, assign and deliver to Parent
all of the Units owned by such Member free and clear of all Liens (as defined in Section 2.1) in exchange for each Member’s
share of the Shares set forth on Exhibit A. In connection with the Transaction, the Company and each Member hereby waives
the transfer restrictions, rights of first refusal, co-sale rights and all other rights and restrictions, including the procedural
requirements related thereto, set forth in Article 9 of the Operating Agreement.

 

1.2             
Closing. The closing (the “Closing”) of the Transaction shall take place at the offices
of Greenberg Traurig, LLP, 3161 Michelson Drive, Suite 1000, Irvine, California 92612, commencing at 9:00 a.m. local time on the
first business day following the satisfaction or waiver of all conditions to the obligations of the Parties to consummate the Transaction
contemplated hereby (other than conditions with respect to actions the respective Parties will take at the Closing itself), or
such other date and time as the Company and Parent may mutually determine (the “Closing Date”).

 

1.3             
Restricted Class C Units. Each Member that is the holder
of Class C Units of the Company pursuant to a C Unit Award Agreement hereby acknowledges that some or all of such Member’s
Class C Units are subject to certain restrictions and risks of forfeiture (“Class C Restrictions”) as set forth
in the C Unit Award Agreement. Each Member that is the holder of Class C Units subject to Class C Restrictions as of the Closing
agrees that any Shares received by such Member in exchange for such Class C Unit shall likewise be subject to such Class C Restrictions
pursuant to the terms of such Member’s C Unit Award Agreement, and that from the date of the Closing the term “Restricted
Units” in such Member’s C Unit Award Agreement shall mean and include the Shares received by such Member in exchange
for its Class C Units. Such Member further agrees, if so requested by Parent, to enter into an amended and restated C Unit Award
Agreement for purposes of carrying out the provisions of this Section 1.3.

 

1.4             
Share Recapture Upon Forfeiture of Class C Units. The
Parties acknowledge that the outstanding Class C Units of the Company were issued pursuant to Silent Ventures, LLC’s agreement
to absorb all of the dilution resulting from the issuance of the Class C Units subject to the Company’s agreement to re-issue
to Silent Ventures, LLC one Unit for every Class C Unit forfeited pursuant to the Class C Restrictions. As an inducement to Silent
Ventures, LLC to enter into this Agreement, the Parties agree that Parent shall issue to Silent Venture, LLC, for no additional
consideration, one share of Parent Common Stock for every Share issued subject to Class C Restrictions, as set forth inSection
1.3 above, that is ultimately forfeited and cancelled pursuant to the terms of the
relevant a C Unit Award Agreement.

 

    	2

    	 

    

 

Article
II

Representations and Warranties of the Members

 

Each Member severally
hereby represents and warrants to Parent as of the date hereof and as of the Closing Date that:

 

2.1             
Good Title. The Member is the record and beneficial owner of, and has good title to, the Units owned by
such Member set forth on Exhibit A, with the exclusive right and authority to sell and deliver such Units to Parent.
Following the exchange of the Member’s Units pursuant to this Agreement, Parent will receive good title to such Units, free
and clear of all liens, security interests, pledges, equities and claims of any kind, voting trusts, stockholder agreements and
other encumbrances other than restrictions under the Federal securities laws (collectively, “Liens”).

 

2.2             
Power and Authority. This Agreement constitutes the legal, valid and binding obligation of the Member,
enforceable against such Member in accordance with the terms hereof, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium and other similar laws and equity principles related to or limiting creditors’ rights generally and by general
principals of equity.

 

2.3             
No Conflicts. The execution and delivery of this Agreement by the Member and the performance by the Member
of its obligations hereunder in accordance with the terms hereof: (i) will not require the consent of any third party or,
to such Member’s knowledge, any federal, state, local or foreign government or any court of competent jurisdiction, administrative
agency or commission or other governmental authority or instrumentality, domestic or foreign (“Governmental Entity”)
under any statutes, laws, ordinances, rules, regulations, orders, writs, injunctions, judgments, or decrees (collectively, “Laws”);
(ii) to such Member’s knowledge, will not violate any Laws applicable to such Member and (iii) will not violate
or breach any contractual obligation to which such Member is a party.

 

2.4             
No Finder’s Fee. No broker, investment banker, financial advisor or other person is entitled to
any broker’s, finder’s, financial advisor’s or other similar fee or commission from Parent or the Company in
connection with the Transaction based upon arrangements made by or on behalf of the Member.

 

2.5             
Purchase Entirely for Own Account. The Shares proposed to be acquired by the Member hereunder will be
acquired for investment for its own account, and not with a view to the resale or distribution of any part thereof, and the Member
has no present intention of selling or otherwise distributing the Shares, except in compliance with applicable securities laws.

 

2.6             
Experience of Such Member. Such Member, either alone or together with its representatives, has such knowledge,
sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective
investment in the Shares and has so evaluated the merits and risks of such investment. Such Member is able to bear the economic
risk of an investment in the Shares and, at the present time, is able to afford a complete loss of such investment.

 

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2.7             
Access to Information. Such Member acknowledges that it has received and had the opportunity to review
that (a) certain Term Sheet dated July 18, 2012 which summarizes in detail the Transaction contemplated by this Agreement as well
as the Financing and IP Purchase Agreement, and (b) Parent’s private placement memorandum relating to the Financing. Such
Member further acknowledges that it or its representatives have been afforded (c) the opportunity to ask such questions as
it has deemed necessary of, and to receive answers from, representatives of Parent and the Company concerning the terms and conditions
of the Transaction and the Financing, and the merits and risks of investing in the Shares, (d) access to information about
Parent and the Company and Parent’s and the Company’s financial condition, results of operations, business, properties,
management and prospects sufficient to enable it to evaluate the Transaction contemplated by this Agreement and an investment in
the Shares, and (e) the opportunity to obtain such additional information which Parent or the Company possesses or can acquire
without unreasonable effort or expense that is necessary to verify the accuracy and completeness of the information contained herein
or otherwise provided to the Member.

 

2.8             
Restricted Securities. The Member understands that the Shares are characterized as “restricted securities”
under the Securities Act of 1933, as amended (“Securities Act”) inasmuch as the Shares are being offered in
a transaction not involving a public offering. The Member further acknowledges that the Shares may not be resold without registration
under the Securities Act or the existence of an exemption therefrom. The Member represents that it is familiar with Rule 144
promulgated under the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the
Securities Act.

 

2.9             
Legends. It is understood that the Shares will bear the following legend or one that is substantially
similar to the following legend:

 

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

 

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2.10         
No Derivatives. Except as set forth in Exhibit A, the Member does not hold, nor is the Member entitled
to receive, any Units, membership interests or other equity interests in the Company. In addition, the Member does not hold, nor
is the Member entitled to receive, any options, warrants, rights, convertible or exchangeable securities, “phantom”
stock rights, stock appreciation rights, stock-based performance units, commitments, Contracts (as defined in Section 3.5(a)),
arrangements or undertakings of any kind to which the Company is a party or by which it is bound (i) obligating the Company
to issue, deliver or sell, or cause to be issued, delivered or sold, additional Units, membership interests or other equity interests
in, or any security convertible or exercisable for or exchangeable into any Units, membership interests or other equity interest
in, the Company, (ii) obligating the Company to issue, grant, extend or enter into any such option, warrant, call, right,
security, commitment, Contract, arrangement or undertaking or (iii) that give any person the right to receive any economic
benefit or right similar to or derived from the economic benefits and rights occurring to holders of the Units or membership interests
of the Company.

 

Article
III

Representations and Warranties of the Company

 

The Company represents
and warrants to Parent as of the date hereof and as of the Closing Date that, except as set forth on Schedule 3 attached
hereto (the “Company Disclosure Letter”):

 

3.1             
Organization, Standing and Power. The Company is duly organized, validly existing and in good standing
under the laws of the State of Delaware and has the corporate power and authority and possesses all governmental franchises, licenses,
permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to conduct
its businesses as presently conducted, other than such franchises, licenses, permits, authorizations and approvals the lack of
which, individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect on
the Company, a material adverse effect on the ability of the Company to perform its obligations under this Agreement or on the
ability of the Company to consummate the Transactions (a “Company Material Adverse Effect”). The Company is
duly qualified to do business in each jurisdiction where the nature of its business or its ownership or leasing of its properties
make such qualification necessary except where the failure to so qualify would not reasonably be expected to have a Company Material
Adverse Effect. The Operating Agreement (as defined in Recital A) constitutes the true and complete organizational documents
of the Company. The Company has delivered to Parent true and complete copies of the Operating Agreement.

 

3.2             
Company Subsidiaries. The Company does not own, directly or indirectly, any capital stock, membership
interest, partnership interest, joint venture interest or other equity interest in any person.

  

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3.3             
Capital Structure. The Company is authorized to issue equity securities in the form of Units (as such
term is defined in the Operating Agreement). There are 10,000 Units issued and outstanding, consisting of 100 Class A Units, 7,900
Class B Units, 598 Class C Units and 1,402 Class P Units. Except as set forth in the preceding sentence, no Units, membership interests
or other equity interests in the Company are issued, reserved for issuance or outstanding. All outstanding Units are duly authorized,
validly issued, fully paid and nonassessable and not subject to or issued in violation of any purchase option, call option, right
of first refusal, preemptive right, subscription right or any similar right or any Contract to which the Company is a party or
otherwise bound. There are not any bonds, debentures, notes or other indebtedness of Company having the right to vote (or convertible
into, or exchangeable for, Units, membership interests or other equity interests having the right to vote) on any matters on which
holders of Units or membership interests in the Company may vote (“Voting Company Debt”). There are not any
options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation rights,
stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which the Company is a party
or by which it is bound (i) obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold, additional
Units, membership interests or other equity interests in, or any security convertible or exercisable for or exchangeable into any
Units, membership interests or other equity interest in, the Company or any Voting Company Debt, (ii) obligating the Company
to issue, grant, extend or enter into any such option, warrant, call, right, security, commitment, Contract, arrangement or undertaking
or (iii) that give any person the right to receive any economic benefit or right similar to or derived from the economic benefits
and rights occurring to holders of the Units or membership interests of the Company. There are not any outstanding contractual
obligations of the Company to repurchase, redeem or otherwise acquire any Units, membership interests or other equity interests
in the Company.

 

3.4             
Authority; Execution and Delivery; Enforceability. The Company has all requisite corporate power and authority
to execute and deliver this Agreement and to consummate the Transaction. The execution and delivery by the Company of this Agreement
and the consummation by the Company of the Transaction have been duly authorized and approved by the Executive Board (as defined
in the Operating Agreement) of the Company and no other corporate proceedings on the part of the Company are necessary to authorize
this Agreement and the Transaction. When executed and delivered, this Agreement will be enforceable against the Company in accordance
with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equity
principles related to or limiting creditors’ rights generally and by general principals of equity.

 

3.5             
No Conflicts; Consents.

 

(a)               
The execution and delivery by the Company of this Agreement does not, and the consummation of the Transaction and compliance
with the terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without notice or
lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss
of a material benefit under, or result in the creation of any Lien upon any of the properties or assets of the Company under, any
provision of (i) the Operating Agreement, (ii) any material contract, lease, license, indenture, note, bond, agreement,
permit, concession, franchise or other instrument (“Contract”) to which the Company or any Company Subsidiary
is a party or by which any of their respective properties or assets is bound or (iii) subject to the filings and other matters
referred to in Section 3.5(b), any material judgment, order or decree (“Judgment”) or material Law applicable
to the Company or its properties or assets, other than, in the case of clauses (ii) and (iii) above, any such items that,
individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect.

 

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

 

3.6             
Brokers. No broker, investment banker, financial advisor or other person is entitled to any broker’s,
finder’s, financial advisor’s or other similar fee or commission in connection with the Transaction based upon arrangements
made by or on behalf of the Company.

 

Article
IV

Representations and Warranties of Parent

 

Parent represents and
warrants to the Members and the Company as of the date hereof and as of the Closing Date that, except as set forth on Schedule 4
(the “Parent Disclosure Letter”):

 

4.1             
Organization, Standing and Power. Parent is duly incorporated, validly existing and in good standing under
the laws of the State of Delaware and has full corporate power and authority and possesses all governmental franchises, licenses,
permits, authorizations and approvals necessary to perform its obligations under this Agreement and consummate the Transactions
(a “Parent Material Adverse Effect”). Parent is duly qualified to do business in each jurisdiction where the
nature of its business or its ownership or leasing of its properties make such qualification necessary and where the failure to
so qualify would reasonably be expected to have a Parent Material Adverse Effect. Parent has delivered to the Company true and
complete copies of the certificate of incorporation of Parent, as amended to the date of this Agreement (the “Parent Charter”),
and the Bylaws of Parent, as amended to the date of this Agreement (the “Parent Bylaws”).

 

4.2             
Subsidiaries; Equity Interests. Parent does not own, directly or indirectly, any capital stock, membership
interest, partnership interest, joint venture interest or other equity interest in any person.

 

4.3             
Capital Structure. The authorized capital stock of Parent consists of 25,000,000 shares of Parent Common
Stock. There are (i) 723,546 shares of Parent Common Stock issued and outstanding, (ii) outstanding options which entitle
their holder to purchase 150,000 shares of Parent Common Stock at an exercise price of $1.00 per share, and (iii) no shares
of Parent Common Stock held by Parent in its treasury. Except as set forth above and the shares of Parent capital stock to be issued
in connection with the Financing and pursuant to the IP Purchase Agreement, no shares of capital stock or other voting securities
of Parent are issued, reserved for issuance or outstanding. All outstanding shares of the capital stock of Parent are, and all
such shares that may be issued prior to or in connection with the Closing will be when issued, duly authorized, validly issued,
fully paid and nonassessable and not subject to or issued in violation of any purchase option, call option, right of first refusal,
preemptive right, subscription right or any similar right. There are not any bonds, debentures, notes or other indebtedness of
Parent having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters
on which holders of Parent Common Stock may vote (“Voting Parent Debt”). Except as set forth above, there are
not any options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation
rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which Parent is a party
or by which it is bound (i) obligating Parent to issue, deliver or sell, or cause to be issued, delivered or sold, additional
shares of capital stock or other equity interests in, or any security convertible or exercisable for or exchangeable into any capital
stock of or other equity interest in, Parent or any Voting Parent Debt, (ii) obligating Parent to issue, grant, extend or
enter into any such option, warrant, call, right, security, commitment, Contract, arrangement or undertaking or (iii) that
give any person the right to receive any economic benefit or right similar to or derived from the economic benefits and rights
occurring to holders of the capital stock of Parent. There are not any outstanding contractual obligations of Parent to repurchase,
redeem or otherwise acquire any shares of capital stock of Parent. Except for any registration rights to be provided to the investors
and selling broker-dealers in the Financing, Parent is not a party to any agreement granting any securityholder of Parent the right
to cause Parent to register shares of the capital stock or other securities of Parent held by such securityholder under the Securities
Act.

 

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4.4             
Authority; Execution and Delivery; Enforceability. The execution and delivery by Parent of this Agreement
and the consummation by Parent of the Transaction have been duly authorized and approved by the Board of Directors of Parent (“Parent
Board”) and no other corporate proceedings on the part of Parent are necessary to authorize this Agreement and the Transaction.
This Agreement constitutes a legal, valid and binding obligation of Parent, enforceable against Parent in accordance with the terms
hereof, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equity principles
related to or limiting creditors’ rights generally and by general principals of equity.

 

4.5             
No Conflicts; Consents.

 

(a)               
The execution and delivery by Parent of this Agreement, does not, and the consummation of Transaction and compliance with
the terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without notice or lapse
of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss of a
material benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements of any person under, or result
in the creation of any Lien upon any of the properties or assets of Parent under, any provision of (i) Parent Charter or Parent
Bylaws, (ii) any material Contract to which Parent is a party or by which any of its properties or assets is bound or (iii) subject
to the filings and other matters referred to in Section 4.5(b), any material Judgment or material Law applicable to Parent
or its properties or assets, other than, in the case of clauses (ii) and (iii) above, any such items that, individually or in the
aggregate, have not had and would not reasonably be expected to have a Parent Material Adverse Effect.

 

(b)              
No Consent of, or registration, declaration or filing with, or permit from, any Governmental Entity is required to be obtained
or made by or with respect to Parent in connection with the execution, delivery and performance of this Agreement or the consummation
of the Transaction, other than the filing of Form D with the SEC and such filings as are required to be made under applicable state
securities laws.

 

4.6             
Assets, Liabilities, Operations and Agreements. Since its inception, Parent has undertaken no operations
other than its pursuit of the Transaction, the Financing and the transaction contemplated by the IP Purchase Agreement. Parent
has no assets of any kind other nominal cash assets. Parent has no debts, liabilities, payables, obligations or claims against
it, contingent or stated, known or unknown, of any kind (“Claims”) other than (i) liabilities and payable which
do not exceed $1,000 in the aggregate, (ii) Claims that are expressly set forth in or contemplated by this Agreement or the IP
Purchase Agreement and (iii) Claims that are set forth in any subscription and other agreement entered into by Parent in connection
with the Financing and approved by the Company for such purpose. There are no commitments, Contracts, arrangements or undertakings
of any kind to which Parent is a party or by which it is bound other than this Agreement, the IP Purchase Agreement and those subscription
and other agreements entered into by Parent in connection with the Financing and approved by the Company for such purpose.

 

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Article
V

Deliveries

 

5.1             
Deliveries of the Members.

 

(a)               
At or prior to the Closing, each Member shall deliver to Parent:

 

(i)                
 this Agreement executed by such Member.

 

(ii)              
certificates representing the Units owned by such Member, if such Units have been certificated, and duly related transfer
powers.

 

5.2             
Deliveries of Parent.

 

(a)               
Concurrently herewith, Parent is delivering:

 

(i)                
to each Member and to the Company, a copy of this Agreement executed by Parent; and

 

(ii)              
to the Company, a certificate from Parent, signed by its Secretary certifying that the attached copies of Parent Charter,
Parent Bylaws and resolutions of the Parent Board approving the Agreement and the Transaction, are all true, complete and correct
and remain in full force and effect.

 

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

 

(i)                
to the Company, letters of resignation from all officers and directors of Parent effective upon the Closing;

 

(ii)              
to each Member, certificates representing the Shares to be issued to such Member pursuant to Section 1.1;

 

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(iii)            
to the Members and the Company, a certificate executed by Parent’s chief executive officer, dated as of the Closing
Date, certifying the representations and covenants referred to in Section 6.1(a); and

 

(iv)            
to the Members and the Company all necessary Parent Board resolutions to elect the directors and appoint the executive officers
as discussed in Section 7.6.

 

5.3             
Deliveries of the Company. Concurrently herewith, the Company is delivering to Parent:

 

(a)               
this Agreement executed by Company; and

 

(b)              
a certificate from the Company, signed by its authorized officer certifying that the attached copies of the Operating Agreement
and resolutions of the Executive Board of the Company approving the Agreement and the Transaction are all true, complete and correct
and remain in full force and effect.

 

Article
VI

Conditions to Closing

 

6.1             
Member and Company Conditions Precedent. The obligations of the Members and the Company to enter into
and complete the Closing is subject, at the option of the Members and the Company, to the fulfillment or waiver on or prior to
the Closing Date of the following conditions:

 

(a)               
Representations and Covenants. The representations and warranties of Parent contained in this Agreement shall be
true in all material respects on the date of this Agreement and as of the Closing Date, except for representations and warranties
of Parent contained in this Agreement that contain an express materiality qualification which shall have been true and correct
in all respects as of the date of this Agreement and shall be true and correct in all respects as of the Closing Date. Parent shall
have performed and complied in all material respects with all covenants and agreements required by this Agreement to be performed
or complied with by Parent on or prior to the Closing Date.

 

(b)              
Litigation. No action, suit or proceeding shall have been instituted before any court or governmental or regulatory
body or instituted or threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the
Transaction or to seek damages or a discovery order in connection with such Transaction, or which has or may have a Parent Material
Adverse Effect.

 

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

 

(d)              
Deliveries. The deliveries specified in Section 5.2 shall have been made by Parent.

 

    	10

    	 

    

 

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

 

(f)               
Completion of Financing. All conditions required to consummate the Financing in the Minimum Financing Amount of $2,000,000
shall have been satisfied and the closing of the Minimum Financing Amount shall be contingent only upon the occurrence of the Closing.

 

(g)              
Completion of IP Purchase Agreement. All conditions required to consummate the transactions under the IP Purchase
Agreement shall have been satisfied and the closing of the transactions under the IP Purchase Agreement shall be contingent only
upon the occurrence of the Closing.

 

(h)              
Resignations of Officers and Directors. The officers and directors of Parent in office immediately prior to the Closing
shall have resigned as officers and directors of Parent, effective as of the Closing, and the Company shall have received letters
of resignation in form and substance satisfactory to the Company from such persons.

 

(i)                
New Appointments. The Parent Board shall taken all necessary corporate action to elect the directors set forth on
Schedule 7.6 and appoint the executive officers set forth on Schedule 7.6 to be effective as of the Closing,
and the Company shall have received resolutions of the Parent Board, in form and substance satisfactory to the Company, effecting
such appointments effective as of the Closing.

 

6.2             
Parent Conditions Precedent. The obligations of Parent to enter into and complete the Closing is subject,
at the option of Parent, to the fulfillment or waiver on or prior to the Closing Date of the following conditions:.

 

(a)               
Representations and Covenants. The representations and warranties of the Members and the Company contained in this
Agreement shall be true in all material respects on the date of this Agreement and as of the Closing Date, except for representations
and warranties of the Members and the Company contained in this Agreement that contain an express materiality qualification which
shall have been true and correct in all respects as of the date of this Agreement and shall be true and correct in all respects
as of the Closing Date. The Members and the Company shall have performed and complied in all material respects with all covenants
and agreements required by this Agreement to be performed or complied with by the Members and the Company on or prior to the Closing
Date.

 

(b)              
Litigation. No action, suit or proceeding shall have been instituted before any court or governmental or regulatory
body or instituted or threatened by any governmental or regulatory body to restrain, modify or prevent the carrying out of the
Transaction or to seek damages or a discovery order in connection with such Transactions, or which has or may have a Company Material
Adverse Effect.

 

    	11

    	 

    

 

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

 

(d)              
Deliveries. The deliveries specified in Section 5.1 and Section 5.3 shall have been made by the Members
and the Company, respectively.

 

(e)               
Completion of Financing. All conditions required to consummate the Financing in the Minimum Financing Amount of $2,000,000
shall have been satisfied and the closing of the Minimum Financing Amount shall be contingent only upon the occurrence of the Closing.

 

(f)               
Completion of IP Purchase Agreement. All conditions required to consummate the transactions under the IP Purchase
Agreement shall have been satisfied and the closing of the transactions under the IP Purchase Agreement shall be contingent only
upon the occurrence of the Closing.

 

Article
VII

Covenants

 

7.1             
Blue Sky Laws. Parent shall take any action (other than qualifying to do business in any jurisdiction
in which it is not now so qualified) required to be taken under any applicable state securities laws in connection with the issuance
of Shares in connection with this Agreement.

 

7.2             
Public Announcements. Parent and the Company will consult with each other before issuing, and provide
each other the opportunity to review and comment upon, any press release or other public statements with respect to this Agreement
and the Transactions and shall not issue any such press release or make any such public statement prior to such consultation.

 

7.3             
Continued Efforts. Each Party shall use commercially reasonable efforts to (a) take all action reasonably
necessary to consummate the Transactions, and (b) take such steps and do such acts as may be necessary to keep all of its
representations and warranties true and correct as of the Closing Date with the same effect as if the same had been made, and this
Agreement had been dated, as of the Closing Date.

 

7.4             
Access. Each Party shall permit representatives of the other Party to have full access to all premises,
properties, personnel, books, records, Contracts, and documents of or pertaining to such Party.

 

7.5             
Amendment to Certificate of Incorporation. Immediately after the Closing, the Certificate of Incorporation
of Parent shall be amended to change the corporate name of Parent to “PlayButton Corporation” or a similar name acceptable
to the Parent.

 

7.6             
Directors and Officers. Parent shall take all necessary corporate action to elect the directors set forth
on Schedule 7.6 and appoint the executive officers set forth on Schedule 7.6 to be effective as of the
Closing. In furtherance thereof, Parent shall secure, effective as of the Closing, resignations of all of its incumbent directors
and officers.

 

    	12

    	 

    

 

Article
VIII

Miscellaneous

 

8.1             
Notices. All notices, requests, claims, demands and other communications under this Agreement shall be
in writing and shall be deemed given upon receipt by the Parties at the following addresses (or at such other address for a Party
as shall be specified by like notice):

 

If to Parent
(prior to the Closing), to:

 

Playbutton Acquisition Corp.

14317 Salida Del Sol

San Diego, CA 92127

Attention: Daniel Najor, CEO

Email: dnajor@gmail.com

 

If to the Company,
to:

 

Playbutton, LLC

37 W 28th St 3rd Floor

New York, NY 10001

Attention: Adam Tichauer, CEO

Email: adam@playbutton.com

 

With a copy to:

 

Greenberg Traurig, LLP

3161 Michelson Drive, Suite 1000

Irvine, CA 92612

Attention: Daniel K. Donahue

Email: donahued@gtlaw.com

 

If to a Member,
to the address set forth on Exhibit A.

 

8.2             
Amendments; Waivers; No Additional Consideration. No provision of this Agreement may be waived or amended
except in a written instrument signed by the Company, Parent and the Members holding a majority of the Units of the Company. No
waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing
waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof,
nor shall any delay or omission of either Party to exercise any right hereunder in any manner impair the exercise of any such right.
No consideration shall be offered or paid to a Member to amend or consent to a waiver or modification of any provision of any transaction
document unless the same consideration is also offered to all Members who then hold Units.

 

    	13

    	 

    

 

8.3             
Termination.

 

(a)               
Termination of Agreement. The Parties may terminate this Agreement as provided below:

 

(i)                
The Company and Parent may terminate this Agreement by mutual written consent at any time prior to the Closing;

 

(ii)              
Parent may terminate this Agreement by giving written notice to the Company at any time prior to the Closing (A) in
the event the Company or any Member has breached any material representation, warranty, or covenant contained in this Agreement
in any material respect, Parent has notified the Company or the Member of the breach, and the breach has continued without cure
for a period of twenty days after the notice of breach, or (B) if the Closing shall not have occurred on or before December 31,
2012, by reason of the failure of any condition precedent under Section 6.2 hereof (unless
the failure results primarily from Parent itself breaching any representation, warranty, or covenant contained in this Agreement);
and

 

(iii)            
The Company and any Member (as to such Member only) may terminate this Agreement by giving written notice to Parent at any
time prior to the Closing (A) in the event Parent has breached any material representation, warranty, or covenant contained
in this Agreement in any material respect, the Company or the Member has notified Parent of the breach, and the breach has continued
without cure for a period of twenty days after the notice of breach or (B) if the Closing shall not have occurred on or before
December 31, 2012, by reason of the failure of any condition precedent under Section 6.1 hereof (unless the failure results
primarily from the Company or a Member themselves breaching any representation, warranty, or covenant contained in this Agreement).

 

(iv)            
The Company may terminate this Agreement by giving written notice to Parent at any time prior to the Closing because of
information disclosed to the Company or discovered by the Company in connection with its due diligence investigation of Parent,
in its sole and absolute discretion.

 

(b)              
Effect of Termination. If any Party terminates this Agreement pursuant to Section 8.3(a) above, all rights
and obligations of the Parties hereunder shall terminate without any liability of any Party to any other Party to consummate its
obligations hereunder or to complete the Transaction contemplated by this Agreement, except for any liability of any Party then
in breach.

 

8.4             
Replacement of Securities. If any certificate or instrument evidencing any Shares is mutilated, lost,
stolen or destroyed, Parent shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or
in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory
to Parent of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new certificate
or instrument under such circumstances shall also pay any reasonable third-party costs associated with the issuance of such replacement
Shares. If a replacement certificate or instrument evidencing any Shares is requested due to a mutilation thereof, Parent may require
delivery of such mutilated certificate or instrument as a condition precedent to any issuance of a replacement.

 

    	14

    	 

    

 

8.5             
Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including
recovery of damages, the Members, Parent and the Company will be entitled to specific performance under this Agreement. The Parties
agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations described
in the foregoing sentence and hereby agrees to waive in any action for specific performance of any such obligation the defense
that a remedy at law would be adequate.

 

8.6             
Independent Nature of Members’ Obligations and Rights. The obligations of each Member
under this Agreement are several and not joint with the obligations of any other Member,
and no Member shall be responsible in any way for the performance of the obligations of
any other Member under this Agreement. The decision of each Member
to acquire Shares pursuant to this Agreement has been made by such Member independently
of any other Member. Nothing contained herein, and no action taken by any Member
pursuant hereto, shall be deemed to constitute the Member as a partnership,
an association, a joint venture or any other kind of entity, or create a presumption that the Member
is in any way acting in concert or as a group with respect to such obligations or the transactions contemplated
herein. Each Member acknowledges that no other Member has
acted as agent for such Member in connection with making its investment hereunder and
that no Member will be acting as agent of such Member in
connection with monitoring its investment in the Shares or enforcing its rights under this Agreement. Each Member
shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out
of this Agreement, and it shall not be necessary for any other Member to be joined as
an additional party in any proceeding for such purpose. Each of the Company and Parent acknowledge that the Members
have been provided with this same Agreement for the purpose of closing a transaction with multiple Members and not because
it was required or requested to do so by any Member.

 

8.7             
Limitation of Liability. Notwithstanding anything herein to the contrary, each of Parent and the Company
acknowledge and agree that the liability of a Member arising directly or indirectly, under any transaction document of any and
every nature whatsoever shall be satisfied solely out of the assets of such Member, and that no trustee, officer, other investment
vehicle or any other affiliate of such Member or any investor, shareholder or holder of shares of beneficial interest of such Member
shall be personally liable for any liabilities of such Member.

 

8.8             
Interpretation. When a reference is made in this Agreement to a Section, such reference shall be to a
Section of this Agreement unless otherwise indicated. Whenever the words “include”, “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation”.

 

8.9             
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable
of being enforced by any rule or Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless
remain in full force and effect so long as the economic or legal substance of the Transactions contemplated hereby is not affected
in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or
incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the Parties as closely as possible in an acceptable manner to the end that Transactions contemplated hereby are fulfilled to
the extent possible.

 

    	15

    	 

    

 

8.10         
Counterparts; Facsimile Execution. This Agreement may be executed in one or more counterparts,
all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been
signed by each of the Parties and delivered to the other Parties. Facsimile execution and delivery of this Agreement is legal,
valid and binding for all purposes.

 

8.11         
Entire Agreement; Third Party Beneficiaries. This Agreement, taken together with the Company Disclosure
Letter and Parent Disclosure Letter, (a) constitute the entire agreement, and supersede all prior agreements and understandings,
both written and oral, among the Parties with respect to the Transactions and (b) are not intended to confer upon any person
other than the Parties any rights or remedies.

 

8.12         
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof.
Each of the Parties hereto hereby irrevocably and unconditionally agrees that it is and shall continue to be subject to the jurisdiction
of the state and federal courts of the State of New York.

 

8.13         
Assignment. To the fullest extent permitted by law, neither this Agreement nor any of the rights, interests
or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the Parties
without the prior written consent of the other Parties. Any purported assignment without such consent shall be void. Subject to
the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their
respective successors and assigns.

 

 

 

 

 

 

 

    	16

    	 

    

 

The Parties hereto
have executed and delivered this Unit Exchange Agreement as of the date first above written.

 

“Parent”

 

Playbutton Acquisition Corp.,

a Delaware corporation

 

 

By: /s/ Daniel Najor

       Daniel Najor, Chief Executive Officer

 

“Company”

 

Playbutton, LLC,

a Delaware limited liability company

 

 

By: /s/ Adam Tichauer

       Adam Tichauer, Chief Executive Officer

 

 

“Members”

 

	
        Silent Ventures, LLC

         

        By: /s/ Adam Braun

              Adam Braun, Chief Executive Officer
	
        Parte, LLC

         

        By: /s/ Nick Dangerfield

              Nick Dangerfield, Chief Executive
Officer

	
        /s/ Adam Tichauer

        Adam Tichauer
	
        /s/ Michael Alexander

        Michael Alexander

	
        /s/ Echo Yang

        Echo Yang
	
        /s/ Caroline Stephenson

        Caroline Stephenson

 

 

    	17

    	 

    

 

EXHIBIT A 

 

MEMBERS AND UNITS OF THE COMPANY

 

 

	
         

        Name and Address of Member
	
        

         

        Class A Units
	
         

        Class B

        Units
	
         

        Class C

        Units
	
         

        Class P

        Units
	
        Shares

        to be Issued to Member

	Silent Ventures, LLC	75	5,925	--	902	2,213,973
	Parte, LLC	25	1,975	--	500	801,932
	Adam Tichauer	--	--	251	--	199,659
	Michael Alexander	--	--	225	--	72,174
	Echo Yang	--	--	100	--	79,730
	Caroline Stephenson	--	--	22	--	16,611

 

 

 

 

 

    	Exhibit A-1Exhibit 10.4

 

Intellectual
Property Purchase Agreement

 

This
Intellectual Property Purchase agreement (“Agreement”) entered into this 15th day of October
2012 between Parte, LLC, a New York limited
liability company (“Seller”), Playbutton, LLC, a Delaware limited liability company (“Purchaser”),
and Playbutton Acquisition Corp., a Delaware corporation that as of the closing of the transactions contemplated by this Agreement
will wholly-own Purchaser (the “Parent”).

 

R
E C I T A L S

 

A.             
Purchaser is
engaged in the business of developing, manufacturing and selling a fully customizable music player housed in a branded, wearable
button pursuant to a License Agreement (“2011 License Agreement”) dated September 20, 2011 between Seller and
Purchaser.

 

B.             
Purchaser and
its members (“Members”) have entered into that certain Unit Exchange Agreement (“Exchange Agreement”)
with Parent pursuant to which, at the closing of the transactions thereunder, the Members shall transfer all of the outstanding
membership interests of Purchaser to Parent in exchange for Parent’s issuance of shares of Parent’s common stock, par
value $0.0001 (“Parent Common Stock”), thereby making Purchaser the wholly-owned operating subsidiary of Parent
(“Unit Exchange”).

 

C.             
Immediately following
the execution of this Agreement, Parent shall commence the private offering of units (“Units”) of its securities,
at a price of $1.00 per Unit, with each Unit consisting of one share of the Parent Common Stock and one-half warrant (“Unit
Warrant”), with each Unit Warrant entitling its holder to purchase one share of Parent Common Stock over a four year
period at an exercise price of $1.50 per share (the “Financing”).

 

D.             
The obligations
of Purchaser and the Members to consummate the Unit Exchange shall be subject to, among other conditions, the prior or concurrent
sale of Units by Parent for the gross proceeds of at least $2,000,000 (“Minimum Financing Amount”).

 

E.             
In furtherance
of the Financing and the Unit Exchange, Seller wishes to sell to Purchaser, and Purchaser wishes to buy from Seller, concurrent
with and subject to the closing of the Minimum Financing Amount and the Unit Exchange, certain intellectual property in consideration
of Parent’s issuance of shares of Parent Common Stock to Seller.

 

F.             
Parent, Seller,
Purchaser and the Members intend that the transactions contemplated by this Agreement, including the Financing and the Unit Exchange,
constitute part of a single integrated transaction and are pursuant to a single integrated plan intended to
qualify as a tax-free transaction under Section 351 of the Code.

 

NOW,
THEREFORE, in consideration of the foregoing recitals and the mutual representations, warranties, covenants and promises
contained herein, the adequacy and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

    	1

    	 

    

 

A
G R E E M E N T

 

ARTICLE
1.   THE TRANSACTION

 

1.1             
Purchased Assets. Subject to the terms and conditions of this Agreement and for the consideration herein stated, at
the Closing, Seller shall sell, transfer, convey, assign and deliver to Purchaser, and Purchaser shall purchase and accept from
Seller, all of Seller’s right, title and interest in and to:

 

(a)               
Intellectual Property. All intellectual property listed on Schedule 1.1(a);

 

(b)              
Parte Rights. All Intellectual Property Rights (as such term, and all other capitalized terms used in this Agreement
that are not otherwise defined herein, is defined in Exhibit A attached hereto) as of the Closing that come with the definition
of Parte Rights, as such term is defined in the 2011 License Agreement, other than Registered Intellectual Property Rights for
Japan; and

 

(c)               
Claims. All claims, choses-in-action, rights in action, rights to tender claims or demands to with respect to the
assets in subparts (a) and (b) above, and other similar claims (subparts (a) through (c) collectively referred to as, the “Purchased
Assets”).

 

1.2             
Excluded Assets. Notwithstanding Section 1.1, the assets listed on Schedule 1.2 (the “Excluded
Assets”) shall not be included in the Purchased Assets.

  

ARTICLE
2.   CONSIDERATION FOR TRANSFER

 

2.1             
Purchase Price and Payment. Subject to the terms and conditions of this Agreement, and in consideration of the Purchased
Assets, Purchaser shall cause Parent to issue to Seller 892,375 shares (“Shares”) of the Purchaser Common Stock.
The parties acknowledge and agree the Shares shall have a deemed value of $1.00 per Share.

 

2.2             
License. As additional consideration for the Purchased Assets, Purchaser shall, at the Closing, grant Seller a perpetual,
irrevocable and royalty free license to the Seller Intellectual Property, in the form of the License Agreement attached hereto
as Exhibit B (“Seller License Agreement”), for Seller’s use in developing, manufacturing and selling
a fully customizable music player housed in a branded, wearable button for sale in South Korea, Japan and Taiwan. The Shares and
the Seller License Agreement shall represent the complete and final payment by the Purchaser for the Purchased Assets.

 

2.3             
Qualification as a Tax-Free Transaction. The parties intend that the transactions contemplated by this Agreement, the
Financing and the Unit Exchange constitute part of a single integrated transaction pursuant to a single integrated plan intended
to qualify as a tax-free transaction under Section 351 of the Code.

 

    	2

    	 

    

 

ARTICLE
3.   CLOSING AND CLOSING DELIVERIES

 

3.1             
Closing; Time and Place. The closing of the purchase and sale provided for in this Agreement (the “Closing”)
shall occur at the offices of Greenberg Traurig, LLP, at 3161 Michelson Drive, Suite 1000, Irvine, CA 92612 at 10:00 A.M.
on the first business day after which all of the conditions to closing set forth in Article 7 are satisfied or waived
(other than conditions that are intended to be satisfied at the Closing), or at such other date, time or place as the parties may
agree (the “Closing Date”).

 

3.2             
Deliveries by Seller. At the Closing, Seller shall (i) take all steps necessary to place Purchaser in actual possession
of the Purchased Assets and (ii) deliver the following items, duly executed by Seller as applicable, all of which shall be
in a form and substance reasonably acceptable to Purchaser:

 

(a)               
General Assignment and Bill of Sale. General Assignment and Bill of Sale covering all of the applicable Purchased
Assets, substantially in the form attached hereto as Exhibit 3.2(a) (the “General Assignment and Bill of Sale”);

 

(b)              
Intellectual Property Assignment. Any and all documents necessary to properly record the assignment to Purchaser
all of Seller’s right, title and interest in and to the Seller Intellectual Property, including (i) a patent assignment
(the “Patent Assignment”) substantially in the form of Exhibit 3.2(b)(i) hereto, for all of the
Patents; (ii) a copyright assignment (the “Copyright Assignment”), substantially in the form of Exhibit 3.2(b)(ii)
hereto, for all of the Copyrights; and (iii) a trademark assignment (the “Trademark Assignment”), substantially
in the form of Exhibit 3.2(b)(iii) hereto, for all of the Trademarks;

 

(c)               
Other Conveyance Instruments. Such other specific instruments of sale, transfer, conveyance and assignment as Purchaser
may reasonably request;

 

(d)              
Seller License Agreement. A copy of the Seller License Agreement duly executed by Seller; and

 

(e)               
Certificate of Representations and Warranties and Member Approval. A Certificate executed on behalf of Seller by
its Chief Executive Officer, substantially in the form attached hereto as Exhibit 3.2(e) (the “Seller’s
Officer Certificate”), certifying (i) the matters in Section 7.1(a); and (ii) that the Members
of Seller have approved this Agreement, the Seller License Agreement and the Transaction in accordance with Section 7.1(d).

 

3.3             
Deliveries by Purchaser and Parent. At the Closing, Purchaser and Parent shall deliver the following items, duly executed
by them as applicable, all of which shall be in a form and substance reasonably acceptable to Seller:

 

(a)               
Stock Certificate. A stock certificate evidencing the Shares to be issued by Parent to Seller pursuant to Section
2.1, registered in the name of Seller;

 

(b)              
Seller License Agreement. A copy of the Seller License Agreement duly executed by Purchaser; and

 

    	3

    	 

    

 

(c)               
Parent Certificate of Representations and Warranties. A Certificate executed on behalf of Parent by its Chief Executive
Officer, substantially in the form attached hereto as Exhibit 3.3(c) (the “Parent Officer’s Certificate”),
certifying the matters in Section 7.2(a). 

 

ARTICLE
4.   REPRESENTATIONS AND WARRANTIES OF SELLER

 

Except as specifically
set forth on Schedule 4 (the “Seller Disclosure Schedule”) attached to this Agreement (the parts
of which are numbered to correspond to the individual Section numbers of this Article 4), Seller hereby represents
and warrants (without limiting any other representations or warranties made by Seller in this Agreement or any other Transaction
Agreement) to Purchaser as follows:

 

4.1             
Organization, Good Standing, Qualification. Seller (i) is a limited liability company duly organized, validly existing
and in good standing under the laws of the State of New York; (ii) is duly qualified to conduct business and is in corporate
and tax good standing under the laws of each jurisdiction in which the failure to be so qualified would have a Material Adverse
Effect on Seller; and (iii) has full corporate power and authority required to own, lease and operate its assets and to carry
on its business as now being conducted except where the failure to have such power and authority would not have a Material Adverse
Effect on Seller.

 

4.2             
Authority; Binding Nature of Agreements. Seller has all requisite corporate power and authority to execute, deliver
and carry out the provisions of this Agreement and the other Transaction Agreements. The execution, delivery and performance by
Seller of this Agreement and the other Transaction Agreements have been approved by all requisite action on the part of Seller,
including the approval of the members of Seller. This Agreement has been duly and validly executed and delivered by Seller. Each
of this Agreement and the other Transaction Agreements constitutes, or upon execution and delivery, will constitute, the legal,
valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as may be limited by bankruptcy,
insolvency, reorganization, moratorium and other similar laws and equitable principles related to or limiting creditors’
rights generally and by general principles of equity.

 

4.3             
No Conflicts; Required Consents. The execution, delivery and performance of this Agreement or any other Transaction
Agreement by Seller do not and will not (with or without notice or lapse of time) (i) conflict with, violate or result in a breach
of any organizational document of Seller or any Contract to which Seller is party or the Purchased Assets are bound or (ii) require
Seller to obtain any Consent.

 

4.4             
Title; Sufficiency; Condition of Assets. Except as set forth in Schedule 4.4, Seller has good and marketable
title to, is the exclusive legal and equitable owner of, and has the unrestricted power and right to sell, assign and deliver the
Purchased Assets. The Purchased Assets are free and clear of all Encumbrances of any kind or nature, except Encumbrances disclosed
on Schedule 4.4 which will be removed and released at or prior to Closing. Upon Closing, Purchaser will acquire exclusive,
good and marketable title to the Purchased Assets and no restrictions will exist on Purchaser’s right to resell, license
or sublicense any of the Purchased Assets, except as set forth in the Seller License Agreement.

 

    	4

    	 

    

 

4.5             
Intellectual Property.

 

(a)               
The Seller Intellectual Property comprises the original work product of Seller and no entity or individual other than Nick
Dangerfield has contributed to the creation of the Seller Intellectual Property and neither Seller nor any Affiliate or related
entity or present or past owner, officer, director, employee or agent thereof shall be owned any compensation due to Purchaser’s
exploitation of the Seller Intellectual Property.

 

(b)              
To Seller’s Knowledge, the pending U.S. and PCT Patent applications were properly filed and have not been found invalid
by any court of competent jurisdiction and to Seller’s knowledge are valid and enforceable.

 

(c)               
To Seller’s Knowledge, there are no Encumbrances against the Seller Intellectual Property.

 

(d)              
Seller is not the owner of nor does it have any controlling interest in and to any other Intellectual Property Rights that
Purchaser would require a license under in order to practice the claims covered by the Seller Intellectual Property.

 

(e)               
The claims covered by the Seller Intellectual Property do not and will not infringe upon the copyright or trade secret rights
of any other person or entity and, to Seller’s Knowledge, does not and will not infringe upon the Patent or Trademark rights
of any other person or entity.

 

4.6             
Investor Representations.

 

(a)               
Own Account. Seller understands that the Shares are “restricted securities” and have not been registered
under the Securities Act or any applicable state securities law and is acquiring the Shares as principal for its own account and
not with a view to or for distributing or reselling such Shares or any part thereof in violation of the Securities Act or any applicable
state securities law, has no present intention of distributing any of such Shares in violation of the Securities Act or any applicable
state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding
the distribution of such Shares (this representation and warranty not limiting such Seller’s right to sell the Shares in
compliance with applicable federal and state securities laws) in violation of the Securities Act or any applicable state securities
law.

 

(b)              
Experience of Seller. Seller, either alone or together with its representatives, has such knowledge, sophistication
and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment
in the Shares, and has so evaluated the merits and risks of such investment. Seller is able to bear the economic risk of an investment
in the Shares and, at the present time, is able to afford a complete loss of such investment.

 

(c)               
General Solicitation. Seller is not purchasing the Shares as a result of any advertisement, article, notice or other
communication regarding the Shares published in any newspaper, magazine or similar media or broadcast over television or radio
or presented at any seminar or any other general solicitation or general advertisement.

 

    	5

    	 

    

 

(d)              
Access to Information. Seller acknowledges that it or its representatives have received and had the opportunity to
review that (a) certain Term Sheet dated July 18, 2012 which summarizes in detail the Transaction contemplated by this Agreement
as well as the Financing and Unit Exchange, and (b) Purchaser’s current business plan and most recent financial statements.
Seller further acknowledges that it or its representatives have been afforded (c) the opportunity to ask such questions as
it has deemed necessary of, and to receive answers from, representatives of Purchaser and Parent concerning the terms and conditions
of the Unit Exchange and the Financing, and the merits and risks of investing in the Shares, (d) access to information about
Purchaser and Parent and Purchaser’s and Parent’s financial condition, results of operations, business, properties,
management and prospects sufficient to enable it to evaluate the transaction contemplated by this Agreement and an investment in
the Shares, (e) the opportunity to obtain such additional information which Purchaser and Parent possesses or can acquire
without unreasonable effort or expense that is necessary to verify the accuracy and completeness of the information contained herein
or otherwise provided to Seller and (f) the opportunity to ask such questions as it has deemed necessary of, and to receive answers
from, representatives of Parent concerning the terms and conditions of the offering of the Shares, the merits and risks of investing
in the Shares.

 

(e)               
Restrictions on Shares. Seller understands that the Shares have not been registered under the Securities Act and
may not be offered, resold, or otherwise transferred except (a) pursuant to an exemption from registration under the Securities
Act or pursuant to an effective registration statement in compliance with Section 5 under the Securities Act and (b) in accordance
with all applicable securities laws of the states of the United States and other jurisdictions. Seller acknowledges that a legend
will be placed on the certificates representing the Shares in the following form:

 

THESE SECURITIES HAVE NOT BEEN
REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND ARE “RESTRICTED SECURITIES”
AS THAT TERM IS DEFINED IN RULE 144 UNDER THE SECURITIES ACT. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, OR OTHERWISE TRANSFERRED
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND THE APPLICABLE STATE SECURITIES LAWS OR PURSUANT
TO AN EXEMPTION FROM REGISTRATION THEREUNDER, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE REASONABLE SATISFACTION OF
COUNSEL TO THE ISSUER.

 

ARTICLE
5.   REPRESENTATIONS AND WARRANTIES OF PARENT

 

Except as specifically
set forth on the Schedule 5 (the “Parent Disclosure Schedule”) attached to this Agreement (the parts
of which are numbered to correspond to the applicable Section numbers of this Agreement), Parent hereby represents and warrants
as of the date hereof to Seller as follows:

 

5.1             
Organization and Good Standing. Parent is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware.

 

    	6

    	 

    

 

5.2             
Authority; Binding Nature of Agreements. Parent has all requisite corporate power and authority to execute and deliver
this Agreement and to carry out the provisions of this Agreement. The execution, delivery and performance by Parent of this Agreement
have been approved by all requisite action on the part of Parent. This Agreement has been duly and validly executed and delivered
by Parent. This Agreement constitutes, or upon execution and delivery, will constitute, the legal, valid and binding obligation
of Parent, enforceable against Parent in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium and other similar laws and equitable principles related to or limiting creditors’ rights generally and by general
principles of equity.

 

5.3             
Capitalization. The authorized capital stock of Parent consists of 25,000,000 shares of Parent Common Stock. There are
(i) 723,546 shares of Parent Common Stock issued and outstanding, (ii) outstanding options which entitle their holder
to purchase 150,000 shares of Parent Common Stock at an exercise price of $1.00 per share, and (iii) no shares of Parent Common
Stock held by Parent in its treasury. Except as set forth above and the shares of Parent capital stock to be issued in connection
with the this Agreement, the Financing or pursuant to the Exchange Agreement, no shares of capital stock or other voting securities
of Parent are issued, reserved for issuance or outstanding. All outstanding shares of the capital stock of Parent are, and all
such shares that may be issued prior to or in connection with the Closing will be when issued, duly authorized, validly issued,
fully paid and nonassessable and not subject to or issued in violation of any purchase option, call option, right of first refusal,
preemptive right, subscription right or any similar right. There are not any bonds, debentures, notes or other indebtedness of
Parent having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters
on which holders of Parent Common Stock may vote (“Voting Parent Debt”). Except as set forth above, there are
not any options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation
rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which Parent is a party
or by which it is bound (i) obligating Parent to issue, deliver or sell, or cause to be issued, delivered or sold, additional
shares of capital stock or other equity interests in, or any security convertible or exercisable for or exchangeable into any capital
stock of or other equity interest in, Parent or any Voting Parent Debt, (ii) obligating Parent to issue, grant, extend or
enter into any such option, warrant, call, right, security, commitment, Contract, arrangement or undertaking or (iii) that
give any person the right to receive any economic benefit or right similar to or derived from the economic benefits and rights
occurring to holders of the capital stock of Parent. There are not any outstanding contractual obligations of Parent to repurchase,
redeem or otherwise acquire any shares of capital stock of Parent. Except for any registration rights to be provided to the investors
and selling broker-dealers in the Financing, Parent is not a party to any agreement granting any securityholder of Parent the right
to cause Parent to register shares of the capital stock or other securities of Parent held by such securityholder under the Securities
Act.

 

5.4             
No Conflicts; Required Consents. The execution, delivery and performance of this Agreement or any other Transaction
Agreement by Parent do not and will not (with or without notice or lapse of time) (i) conflict with, violate or result in a breach
of any organizational document of Parent or any Contract to which Parent is party or (ii) require Parent to obtain any Consent.

 

    	7

    	 

    

 

5.5             
Brokers. Parent has not retained any broker or finder or incurred any liability or obligation for any brokerage fees,
commissions or finders fees with respect to this Agreement or the Transaction.

 

ARTICLE
6.   ADDITIONAL AGREEMENTS

 

6.1             
Seller Intellectual Property. Seller agrees that, from and after the Closing Date, it shall not, and it shall cause
its representatives not to, use any of the Purchased Assets, except pursuant to the Seller License Agreement. If Purchaser is unable
to enforce its Intellectual Property Rights in any of the Purchased Assets against a third party as a result of any Legal Requirement
that prohibits enforcement of such rights by a transferee of such rights, Seller agrees to assign to Purchaser such rights as may
be required by Purchaser to enforce such Intellectual Property Rights in its own name. If such assignment still does not permit
Purchaser to enforce its Intellectual Property Rights in any Purchased Assets against the third party, Seller agrees to initiate
proceedings against such third party in Seller’s name; provided, however, that Purchaser shall be entitled to participate
in such proceedings and provided further that Purchaser shall be responsible for the costs and expenses of such proceedings.

 

6.2             
Cooperation. After the Closing, upon the request of Purchaser, Seller shall execute and deliver any and all further
materials, documents and instruments of conveyance, transfer or assignment as may reasonably be requested by Purchaser to effect,
record or verify the transfer to, and vesting in Purchaser, of Seller’s right, title and interest in and to the Purchased
Assets, free and clear of all encumbrances, in accordance with the terms of this Agreement.

 

6.3             
2011 License Agreement. Seller and Purchaser agree that the 2011 License Agreement shall terminate concurrent with,
and subject only to, the Closing. Seller and Purchaser further agree that all of their rights and the other party’s obligations
under the 2011 License Agreement, other than Purchaser’s accrued and unpaid royalty obligations pursuant to Section 3.1 of
the 2011 License Agreement, shall be discharged and terminated concurrent with the Closing.

 

ARTICLE
7.   CONDITIONS TO CLOSING

 

7.1             
Conditions to Purchaser’s and Parent’s Obligation to Close. The obligations of Purchaser and Parent to consummate
the Transaction shall be subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, any
of which may be waived by Purchaser and Parent in writing:

 

(a)               
Representations, Warranties and Covenants. (i) The representations and warranties of Seller shall be true and
correct in all material respects (except for those representations and warranties that are qualified by materiality or Material
Adverse Effect, which shall be true and correct in all respects) as of the date when made and as of the Closing Date as though
made at that time (except for representations and warranties that speak as of a specific date, which shall remain true and correct
as of such specific date); and (ii) Seller shall have performed all covenants and obligations in this Agreement required to
be performed by Seller as of the Closing Date;

 

    	8

    	 

    

 

(b)              
Documents. Seller shall have delivered to Purchaser and Parent all of the documents and agreements set forth in Sections 3.2;

 

(c)               
Consents. Seller shall have delivered to Purchaser all Consents required (i) for the transfer of the Purchased
Assets; and (ii) for the consummation of the Transaction;

 

(d)              
Member Approval. To the extent required under applicable Legal Requirements or the organizational documents of Seller,
this Agreement and the consummation of the Transaction shall have been approved and adopted by the requisite vote of the members
of Seller;

 

(e)               
Financing. All conditions required to consummate the Financing in the Minimum Financing Amount of $2,000,000 shall
have been satisfied and the closing of the Minimum Financing Amount shall be contingent only upon the occurrence of the Closing;

 

(f)               
Completion of Unit Exchange. All conditions required to consummate the transactions under the Exchange Agreement
shall have been satisfied and the closing of the transactions under the Exchange Agreement shall be contingent only upon the occurrence
of the Closing; and

 

(g)              
No Proceedings. Since the date of this Agreement, no Proceeding shall have been commenced or threatened against Seller,
Purchaser or Parent (a) involving any challenge to, or seeking damages or other relief in connection with, the Transaction;
or (b) that may have the effect of preventing, delaying, making illegal, imposing limitations or conditions on or otherwise
interfering with the Transaction.

 

7.2             
Conditions to Seller’s Obligation to Close. The obligations of Seller to consummate the Transaction shall be subject
to the satisfaction, on or prior to the Closing Date, of each of the following conditions, any of which may be waived by Seller
in writing:

 

(a)               
Representations, Warranties and Covenants. (i) The representations and warranties of Purchaser and Parent shall
be true and correct in all material respects (except for those representations and warranties that are qualified by materiality
or Material Adverse Effect, which shall be true and correct in all respects) as of the date when made and as of the Closing Date
as though made at that time (except for representations and warranties that speak as of a specific date, which shall remain true
and correct as of such specific date); and (ii) Purchaser and Parent shall have performed all covenants and obligations in
this Agreement required to be performed by Purchaser as of the Closing Date; and

 

(b)              
Deliveries. Purchaser and Parent have delivered to Seller all of the documents and agreements set forth in Section 3.3.

 

(c)               
Financing. All conditions required to consummate the Financing in the Minimum Financing Amount of $2,000,000 shall
have been satisfied and the closing of the Minimum Financing Amount shall be contingent only upon the occurrence of the Closing;
and

 

(d)              
Completion of Unit Exchange. All conditions required to consummate the transactions under the Exchange Agreement
shall have been satisfied and the closing of the transactions under the Exchange Agreement shall be contingent only upon the occurrence
of the Closing.

 

    	9

    	 

    

 

(e)               
No Proceedings. Since the date of this Agreement, no Proceeding shall have been commenced or threatened against Seller,
Purchaser or Parent (a) involving any challenge to, or seeking damages or other relief in connection with, the Transaction;
or (b) that may have the effect of preventing, delaying, making illegal, imposing limitations or conditions on or otherwise
interfering with the Transaction.

 

ARTICLE
8.   TERMINATION

 

8.1             
Circumstances for Termination. At any time prior to the Closing, this Agreement may be terminated by written notice
explaining the reason for such termination (without prejudice to other remedies which may be available to the parties under this
Agreement, at law or in equity):

 

(a)               
by the mutual written consent of Parent, Purchaser and Seller;

 

(b)              
by either Parent, Purchaser or Seller if (i) the non-terminating party is in material breach of any material provision
of this Agreement and such breach shall not have been cured within ten (10) days of receipt by such party of written notice
from the terminating party of such breach; and (ii) the terminating party is not, on the date of termination, in material
breach of any material provision of this Agreement;

 

(c)               
by either Parent, Purchaser or Seller if (i) the Closing has not occurred on or prior to December 31, 2012 (the “Outside
Closing Date”) for any reason; and (ii) the terminating party is not, on the date of termination, in material breach
of any material provision of this Agreement; and

 

(d)              
by either Parent, Purchaser or Seller if (i) satisfaction of a closing condition of the terminating party in Article 7
is impossible; and (ii) the terminating party is not, on the date of termination, in material breach of any material provision
of this Agreement.

 

8.2             
Effect of Termination. If this Agreement is terminated in accordance with Section 8.1, all obligations of
the parties hereunder shall terminate; provided, however, that nothing herein shall relieve any party from liability for
the breach of any of its representations, warranties, covenants or agreements set forth in this Agreement or relieve any party
of its obligations to protect and not use the other party’s confidential information pursuant to any separate written agreements.

 

ARTICLE
9.   MISCELLANEOUS PROVISIONS

 

9.1             
Expenses. Whether or not the Transaction is consummated, each party shall pay it own costs and expenses in connection
with this Agreement and the Transaction (including the fees and expenses of its advisers, accountants and legal counsel).

 

    	10

    	 

    

 

9.2             
Interpretation. Whenever the words “include,” “includes” or “including” are used
in this Agreement, they shall be deemed, as the context indicates, to be followed by the words “but (is/are) not limited
to.”

 

9.3             
Further Assurances. Each party agrees (a) to furnish upon request to each other party such further information,
(b) to execute and deliver to each other party such other documents, and (c) to do such other acts and things, all as
another party may reasonably request for the purpose of carrying out the intent of this Agreement and the Transaction.

 

9.4             
Entire Agreement. The Transaction Agreements, including the exhibits and schedules thereto, contain the entire understanding
of the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written,
with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

 

9.5             
Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be in writing and shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication
is delivered via facsimile or email at the facsimile number or email address set forth below prior to 3:30 p.m. (New York
time) on a Business Day, (b) the next Business Day after the date of transmission, if such notice or communication is delivered
via facsimile or email at the facsimile number or email address set forth below set forth below on a day that is not a Business
Day or later than 3:30 p.m. (New York time) on any Business Day, (c) the 2nd Business Day following the date of mailing,
if sent by internationally recognized overnight courier service to the address set forth below, or (d) upon actual receipt by the
party to whom such notice is required to be given. The address for such notices and communications shall be as set forth below
or such other address as one party may notify the other in writing:

 

		If to Parent (prior to the Closing),
                                                                              to:	Playbutton Acquisition Corp.

                                                                                14317
Salida Del Sol

                                                                                San
Diego, CA 92127

                                                                                Attention:
Daniel Najor, CEO

                                                                                Email:
dnajor@gmail.com

	 	 	 
	 	If to Purchaser, to:	Playbutton,
LLC

                                                                                        37
W 28th St 3rd Floor

                                                                                        New
York, NY 10001

                                                                                        Attention:
Adam Tichauer, CEO

                                                                                        Email: adam@playbutton.com

	 	 	 
	 	If to Seller:	Parte,
LLC

                                                                                        438
Broome Street, Suite S

                                                                                        New
York, NY 10013

                                                                                        Attn:
Nick Dangerfield

                                                                                        Email: ndangerfield@gmail.com

                                           

    	11

    	 

    

 

9.6             
Amendments; Waivers. No provision of this Agreement may be amended or waived except in a written instrument signed by
Seller, Purchaser and Parent. No waiver of any default with respect to any provision, condition or requirement of this Agreement
shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision,
condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair
the exercise of any such right.

 

9.7             
Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be
deemed to limit or affect any of the provisions hereof.

 

9.8             
Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors,
assigns, heirs, executors and administrators of the parties hereto.

 

9.9             
No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective
successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

9.10         
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of the Transaction
Agreements shall be governed by and construed and enforced in accordance with the internal laws of the State of New York without
regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Agreement and any other Transaction Agreements (whether brought
against a party hereto or its respective affiliates, directors, officers, shareholders, employees or agents) shall be commenced
exclusively in the state and federal courts sitting in the State of New York.

 

9.11         
Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if
such facsimile or “.pdf” signature page were an original thereof.

 

9.12         
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

    	12

    	 

    

 

9.13         
Publicity. Neither party shall publicly disclose the terms of this Agreement without the prior written consent of the
other party, which shall not be unreasonably withheld.

 

[Signatures Follow On a Separate Page]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	13

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Intellectual Property Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

 

 

“SELLER”

 

Parte, LLC,

a New York limited liability company

 

 

 

By:/s/ Nick Dangerfield

       Nick Dangerfield, Chief Executive
Officer

 

 

“PURCHASER”

 

Playbutton, LLC

a Delaware limited liability company

 

 

 

By: /s/ Adam Tichauer

       Adam Tichauer, Chief Executive Officer

 

 

“PARENT”

 

Playbutton Acquisition Corp.

a Delaware corporation

 

 

 

By: /s/ Daniel Najor

       Daniel Najor, Chief Executive Officer

 

    	14

    	 

    

 

Schedule
1.1(a)

 

Intellectual
Property

 

 

Trademarks

 

 

	Mark	Country	Registration No.	Status
	
        Playbutton
	USA	3,982,775	Effective
	
        Playbutton
	EU	009635319	Effective

 

 

Patents

 

 

	Patent	Country	Registration No.	Status
	
        Design Patent
	USA	D657,775	Issued
	
        Design Patent
	USA	D645,473	Issued
	
        Design Patent
	USA	D669,500	Issued

 

 

Patent
Applications

 

 

	Patent	Country	Registration No./Docket No.	Status
	Patent Application	PCT	PCT/US2011/025901	Applied for
	Patent Application	Canada	PCT/US2011/025901	Applied for
	Utility Patent Application  	USA	0198/0870-US2	
        Applied For 

	Utility Patent Application  	USA	0198/0870-US3	
        Applied For

        

	Design Patent Application  	USA	0198/003011-US0	
        Applied For

 

 

Schedule 1.1(A)

    	 

    	 

    

 

Schedule
1.2

 

Excluded
Assets

 

 

	Mark	Country	Registration No.	Status
	
        Playbutton
	Japan	5455695	Effective

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule 1.2

    	 

    	 

    

 

EXHIBIT A

DEFINITIONS

 

“Affiliate” shall mean
any member of the immediate family (including spouse, brother, sister, descendant, ancestor or in-law) of any officer, manager
or member of a party or any corporation, partnership, trust or other entity in which a party or any such family member has a five
percent (5%) or greater interest or is a director, officer, partner or trustee. The term Affiliate shall also include any entity
which controls, or is controlled by, or is under common control with any of the individuals or entities described in the preceding
sentence.

 

“Agreement” shall mean
the Intellectual Property Purchase Agreement to which this Exhibit A is attached (including the Seller Disclosure Schedule,
the Parent Disclosure Schedule and all other schedules and exhibits attached hereto), as it may be amended from time to time.

 

“Business Day” means
any day other than (i) a Saturday or a Sunday or (ii) a day on which banking and savings and loan institutions in the
U.S. are authorized or required by law to be closed.

 

“Closing” shall have
the meaning specified in Section 3.1.

 

“Closing Date” shall
have the meaning specified in Section 3.1.

 

“Code” shall mean the
Internal Revenue Code of 1986, as amended.

 

“Consent” shall mean
any approval, consent, ratification, permission, waiver or authorization (including any Governmental Approval).

 

“Contract” shall mean
any agreement, contract, consensual obligation, promise, understanding, arrangement, commitment or undertaking of any nature (whether
written or oral and whether express or implied), whether or not legally binding.

 

“Copyright Assignment”
shall have the meaning specified in Section 3.2(b).

 

“Copyrights” shall mean
all copyrights, including in and to works of authorship and all other rights corresponding thereto throughout the world, whether
published or unpublished, including rights to prepare, reproduce, perform, display and distribute copyrighted works and copies,
compilations and derivative works thereof.

 

“Encumbrance” shall
mean any lien, pledge, hypothecation, charge, mortgage, security interest, encumbrance, equity, trust, equitable interest, claim,
preference, right of possession, lease, tenancy, license, encroachment, covenant, infringement, interference, Order, proxy, option,
right of first refusal, preemptive right, community property interest, legend, defect, impediment, exception, reservation, limitation,
impairment, imperfection of title, condition or restriction of any nature (including any restriction on the voting of any security,
any restriction on the transfer of any security or other asset, any restriction on the receipt of any income derived from any asset,
any restriction on the use of any asset and any restriction on the possession, exercise or transfer of any other attribute of ownership
of any asset) and which is not a Permitted Encumbrance.

 

    	Exhibit A-1

    	 

    

 

“General Assignment and Bill of
Sale” shall have the meaning specified in Section 3.2(a).

 

“Governmental Approval”
shall mean any: (a) permit, license, certificate, concession, approval, consent, ratification, permission, clearance, confirmation,
exemption, waiver, franchise, certification, designation, rating, registration, variance, qualification, accreditation or authorization
issued, granted, given or otherwise made available by or under the authority of any Governmental Authority or pursuant to any Legal
Requirement; or (b) right under any Contract with any Governmental Authority.

 

“Governmental Authority”
shall mean any: (a) nation, principality, state, commonwealth, province, territory, county, municipality, district or other
jurisdiction of any nature; (b) federal, state, local, municipal, foreign or other government; (c) governmental or quasi
governmental authority of any nature (including any governmental division, subdivision, department, agency, bureau, branch, office,
commission, council, board, instrumentality, officer, official, representative, organization, unit, body or entity and any court
or other tribunal); (d) multinational organization or body; or (e) individual, entity or body exercising, or entitled to exercise,
any executive, legislative, judicial, administrative, regulatory, police, military or taxing authority or power of any nature.

 

“Intellectual Property Rights”
shall mean any or all rights in and to intellectual property and intangible industrial property rights, including, without limitation,
(i) Patents, Trade Secrets, Copyrights, Mask Works, Trademarks and (ii) any rights similar, corresponding or equivalent
to any of the foregoing anywhere in the world.

 

“Knowledge” An individual
shall be deemed to have “Knowledge” of a particular fact or other matter if: (i) such individual is actually aware
of such fact or other matter or (ii) (except when Knowledge is stated to be “actual Knowledge”) a prudent individual
could be expected to discover or otherwise become aware of such fact or other matter in the course of conducting a reasonably comprehensive
investigation concerning the truth or existence of such fact or other matter. Seller and Parent shall be deemed to have “Knowledge”
of a particular fact or other matter if any of their respective members, managers, directors, officers or employees with the authority
to establish policy for the company has actual knowledge of such fact or other matter.

 

“Legal Requirement”
shall mean any federal, state, local, municipal, foreign or other law, statute, legislation, constitution, principle of common
law, resolution, ordinance, code, Order, edict, decree, proclamation, treaty, convention, rule, regulation, permit, ruling, directive,
pronouncement, requirement (licensing or otherwise), specification, determination, decision, opinion or interpretation that is,
has been or may in the future be issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into
effect by or under the authority of any Governmental Authority.

 

“Mask-Works” shall mean
all mask works, mask work registrations and applications therefor, and any equivalent or similar rights in semiconductor masks,
layouts, architectures or topology.

 

    	Exhibit A-2

    	 

    

 

“Material Adverse Effect”
means (i) with respect to Parent, any event, change or effect that, when taken individually or together with all other adverse
events, changes and effects, is or is reasonably likely (a) to be materially adverse to the condition (financial or otherwise),
properties, assets, liabilities, business, operations, results of operations or prospects of Parent, taken as a whole or (b) to
prevent or materially delay consummation of the Transaction or otherwise to prevent Parent from performing its obligations under
this Agreement and (ii) with respect to Seller, any event, change or effect that, when taken individually or together with
all other adverse events, changes and effects, is or is reasonably likely (a) to be materially adverse to the condition (financial
or otherwise), properties, assets (including Purchased Assets), liabilities, business, operations, results of operations or prospects
of Seller or (b) to prevent or materially delay consummation of the Transaction or otherwise to prevent Seller from performing
its obligations under this Agreement.

 

“Member” shall have
the meaning specified in the Recitals.

 

“Order” shall mean any:
(a) temporary, preliminary or permanent order, judgment, injunction, edict, decree, ruling, pronouncement, determination,
decision, opinion, verdict, sentence, stipulation, subpoena, writ or award that is or has been issued, made, entered, rendered
or otherwise put into effect by or under the authority of any court, administrative agency or other Governmental Authority or any
arbitrator or arbitration panel; or (b) Contract with any Governmental Authority that is or has been entered into in connection
with any Proceeding.

 

“Outside Closing Date”
shall have meaning specified in Section 8.1(c).

 

“Patent Assignment”
shall have the meaning specified in Section 3.2(b).

 

“Patents” shall mean
all United States and foreign patents and utility models and applications therefor and all reissues, divisions, re-examinations,
renewals, extensions, provisionals, continuations and continuations-in-part thereof, and equivalent or similar rights anywhere
in the world in inventions and discoveries, including invention disclosures related to the Purchased Assets.

 

“Permitted Encumbrance”
shall mean any (a) Encumbrance for taxes not due or payable, and (b) mechanics’, workers’, repairers’,
landlords’, warehousemen’s and other Encumbrances arising or imposed by any Legal Requirement and incurred in the ordinary
course of business for amounts not yet due and payable.

 

“Proceeding” shall mean
any action, suit, litigation, arbitration, proceeding (including any civil, criminal, administrative, investigative or appellate
proceeding), prosecution, contest, hearing, inquiry, inquest, audit, examination or investigation that is, has been or may in the
future be commenced, brought, conducted or heard at law or in equity or before any Governmental Authority or any arbitrator or
arbitration panel.

 

“Purchased Assets” shall
have the meaning specified in Section 1.1.

 

“Purchaser” shall mean
Playbutton, LLC, a Delaware limited liability company.

 

“Parent Common Stock”
shall have the meaning specified in the Recitals.

 

    	Exhibit A-3

    	 

    

 

“Purchaser Disclosure Schedule”
shall have the meaning specified in Article 5.

 

“Registered Intellectual Property
Rights” shall mean all United States, international and foreign: (i) Patents, including applications therefor; (ii) registered
Trademarks, applications to register Trademarks, including intent-to-use applications, or other registrations or applications related
to Trademarks; (iii) Copyright registrations and applications to register Copyrights; (iv) Mask Work registrations and
applications to register Mask Works; and (v) any other Intellectual Property Rights that is the subject of an application,
certificate, filing, registration or other document issued by, filed with, or recorded by, any state, government or other public
legal authority at any time.

 

“Securities Act” shall
mean the Securities Act of 1933, as amended.

 

“Seller” shall mean
Parte, LLC, a New York limited liability.

 

“Seller Disclosure Schedule”
shall have the meaning specified in Article 4.

 

“Seller Intellectual Property”
shall mean all Intellectual Property Rights related to the Business, the Purchased Assets or the Assumed liabilities and held by
Seller, whether owned or controlled, licensed, owned or controlled by or for, licensed to, or otherwise held by or for the benefit
of Seller including the Seller Registered Intellectual Property Rights.

 

“Shares” shall have
the meaning specified in Section 2.1.

 

“Trademarks” shall mean
any and all trademarks, service marks, logos, trade names, corporate names, Internet domain names and addresses and general-use
e-mail addresses, and all goodwill associated therewith throughout the world.

 

“Trade Secrets” shall
mean all trade secrets under applicable law and other rights in know-how and confidential or proprietary information, processing,
manufacturing or marketing information, including new developments, inventions, processes, ideas or other proprietary information
that provide Seller with advantages over competitors who do not know or use it and documentation thereof (including related papers,
blueprints, drawings, chemical compositions, formulae, diaries, notebooks, specifications, designs, methods of manufacture and
data processing software, compilations of information) and all claims and rights related thereto.

 

“Transaction” shall
mean the purchase and sale of the Purchased Assets contemplated by this Agreement.

 

“Transaction Agreements”
shall mean this Agreement and all other agreements, certificates, instruments, documents and writings delivered by Parent, Purchaser
or Seller in connection with the Transaction.

 

    	Exhibit A-4

    	 

    

 

EXHIBIT 3.2(a)

GENERAL ASSIGNMENT AND BILL OF SALE

 

1.                 
Sale and Transfer of Purchased Assets and Contract Rights. For good and valuable consideration, the receipt, adequacy
and legal sufficiency of which are hereby acknowledged, and as contemplated by Section 3.2(a) of that certain Intellectual Property
Purchase Agreement (“Agreement”) dated October 15, 2012,
to which Parte, LLC, a New York limited
liability company (“Seller”), Playbutton, LLC, a Delaware limited liability company (“Purchaser”),
and Playbutton Acquisition Corp., a Delaware corporation that as of the closing of the transactions contemplated by the Agreement
will wholly-own Purchaser (the “Parent”), are parties, Seller hereby sells, transfers, assigns, conveys, grants
and delivers to Purchaser and its successors and assigns, effective as of 10:00 a.m. (New York time) on _____, 2012 (the “Effective
Time”), all of Seller’s right, title and interest in and to all of the Purchased Assets (as defined in the Purchase
Agreement).

 

2.                 
Further Actions. Seller covenants and agrees to take all steps reasonably necessary to establish the record of Purchaser’s
title to the Purchased Assets and, at the request of Purchaser, to execute and deliver further instruments of transfer and assignment
and take such other action as Purchaser may reasonably request to more effectively transfer and assign to and vest in Purchaser
each of the Purchased Assets, all at the sole cost and expense of Seller.

 

3.                 
Terms of the Purchase Agreement. The terms of the Agreement, including but not limited to Seller’s representations,
warranties, covenants, agreements and indemnities relating to the Purchased Assets, are incorporated herein by this reference.
Seller acknowledges and agrees that the representations, warranties, covenants, agreements and indemnities contained in the Purchase
Agreement shall not be superseded hereby but shall remain in full force and effect to the full extent provided therein. In the
event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the terms of the Purchase
Agreement shall govern.

 

IN WITNESS WHEREOF,
Seller has executed this General Assignment and Bill of Sale as of _____, 2012.

 

 

“SELLER”

 

Parte, LLC,

a New York limited liability company

 

 

By:______________________________

      Nick Dangerfield, Chief Executive
Officer

 

 

Exhibit 3.2(a)

    	Page 1

    	 

    

 

EXHIBIT 3.2(b)(i)

PATENT ASSIGNMENT

 

For good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, effective as of _____________, 2012, the undersigned
Parte, LLC (“Assignor”)
hereby irrevocably sells, assigns, transfers and conveys unto Playbutton,
LLC (“Assignee”), all worldwide right, title and interest in and to those United States and foreign
patent applications and issued patents described as such in Schedule
A (the “Patents”) including without limitation all improvements thereon, and associated invention
registrations, utility models, extensions, reissues or other patent rights which may be granted and issued on said inventions and
applications, or any of them, not only for, to and in the United States of America, its territories and possessions, but for, to
and in all countries foreign thereto, together with and including all priority rights based upon any and all applications in the
United States of America and countries foreign covered by this Assignment. Assignors do hereby authorize and empower the Assignee,
its successors and assigns, to apply for and obtain in its own name or the names of third parties registrations of such Patents
for the said inventions in the United States and also any and all countries foreign to the United States.

 

Assignor does hereby
agree that it shall, at the request of said Assignee, execute any and all applications for such Patents for said inventions and
any and all other papers and documents and do all other and further lawful acts that said Assignee may deem necessary or desirable
to obtain such Letters Patent on said inventions, to perfect and vest in the Assignee the entire right, title and interest in the
inventions, applications, and such Patents.

 

IN WITNESS WHEREOF,
Assignor has caused this Patent Assignment to be executed as of the date first set forth above.

 

“ASSIGNOR”

 

Parte, LLC,

a New York limited liability company

 

 

By:______________________________

     Nick Dangerfield, Chief Executive Officer

 

“ASSIGNEE”

Playbutton, LLC,

a Delaware limited liability company

 

 

By:______________________________

     Adam Tichauer, Chief Executive Officer

 

 

Exhibit 3.2(b)(i)

    	Page 1

    	 

    

 

SCHEDULE A

 

	Patent Title	Reg. No.	Date
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 3.2(b)(i)

    	Page 2

    	 

    

 

EXHIBIT 3.2(b)(ii)

COPYRIGHT Assignment

 

For good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, effective as of _____________, 2012, the undersigned
Parte, LLC (“Assignor”) hereby irrevocably sells, assigns,
transfers and conveys unto Playbutton, LLC (“Assignee”),
all worldwide right, title and interest in and to: (a) the works of authorship listed on the attached Schedule A
(the “Works”); (b) any and all copyright registrations of the Works, whether federal or foreign; (c) any
and all applications to register copyrights in the Works, whether federal or foreign; (d) any and all rights to royalties,
profits, compensation, license fees or other payments or remuneration of any kind relating to the Works; and (e) all claims
or causes of action Assignor has or may have in connection with the Works, including, but not limited to, the right to sue and
recover damages for any and all past infringements of any of the Works.

 

Assignors do hereby
authorize and empower the Assignee, its successors and assigns, to apply for and obtain its own name or the names of third parties
copyright registrations for the Works in the United States and also any and all countries foreign to the United States.

 

Assignor does hereby
agree that it shall, at the request of said Assignee, execute any and all copyright applications for such Works and any and all
other papers and documents and do all other and further lawful acts that said Assignee may deem necessary or desirable to obtain
such registrations, to perfect and vest in the Assignee the entire right, title and interest Works.

 

IN WITNESS WHEREOF,
Assignor has caused this Copyright Assignment to be executed as of the date first set forth above.

 

“ASSIGNOR”

 

Parte, LLC,

a New York limited liability company

 

 

By:______________________________

     Nick Dangerfield, Chief Executive Officer

 

“ASSIGNEE”

Playbutton, LLC,

a Delaware limited liability company

 

 

By:______________________________

     Adam Tichauer, Chief Executive Officer

 

 

 

Exhibit 3.2(b)(ii)

    	Page 1

    	 

    

 

SCHEDULE A

 

	Copyright Title	Copyright Date	Registration Number
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 3.2(b)(ii) 

    	Page 2

    	 

    

 

EXHIBIT 3.2(b)(iii)

Trademark Assignment

 

For good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, effective as of _____________, 2012, the undersigned
Parte, LLC (“Assignor”)
hereby irrevocably sells, assigns, transfers and conveys unto Playbutton,
LLC (“Assignee”), all worldwide right, title and interest in and to: (a) the trademarks listed
on the attached Schedule A (the
“Marks”); (b) any and all registrations of the Marks, whether state, federal or foreign; (c) any
and all applications to register the Marks, whether state, federal or foreign; (d) all common law rights in, to and
under the Marks; (e) all other rights in, to and under the Marks, together with the goodwill of the business symbolized
by the Marks; (f) any and all rights to royalties, profits, compensation, license fees or other payments or remuneration
of any kind relating to the Marks or the goodwill under the Marks; and (g) all claims or causes of action Assignor has or
may have in connection with the Marks, including, but not limited to, the right to sue and recover damages for any and all past
infringements of any of the Marks.

 

Assignors do hereby
authorize and empower the Assignee, its successors and assigns, to apply for and obtain in its own name or the names of third parties
trademark registrations for the Marks in the United States and also any and all countries foreign to the United States.

 

Assignor does hereby
agree that it shall, at the request of said Assignee, execute any and all trademark applications for such Marks and any and all
other papers and documents and do all other and further lawful acts that said Assignee may deem necessary or desirable to obtain
such registrations on such Marks to perfect and vest in the Assignee the entire right, title and interest in the Marks.

 

IN WITNESS WHEREOF,
Assignor has caused this Trademark Assignment to be executed as of the date first set forth above.

 

“ASSIGNOR”

 

Parte, LLC,

a New York limited liability company

 

By:______________________________

     Nick Dangerfield, Chief Executive Officer

 

“ASSIGNEE”

Playbutton, LLC,

a Delaware limited liability company

 

 

By:______________________________

    Adam Tichauer, Chief Executive Officer

 

 

Exhibit 3.2(b)(iii)

    	Page 1

    	 

    

 

SCHEDULE A

 

	TRADEMARK	APPLICATION NO.	COUNTRY
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 3.2(b)(iii)

    	Page 2

    	 

    

 

EXHIBIT 3.2(c)

OFFICERS’ CERTIFICATE

 

CERTIFICATE OF CHIEF EXECUTIVE OFFICER

OF PARTE, LLC

A New York Limited Liability Company

 

The undersigned, being
the duly elected, qualified and acting Chief Executive Officer of Parte, LLC, a New York limited liability company (“Seller”),
does hereby certify that he is familiar with the facts herein certified, am duly authorized to certify the same, and do further
certify on behalf of Seller as follows:

 

1.Attached hereto
as Exhibit “A-1” is a true and complete copy of resolutions duly adopted by the board of managers and members of Parte,
LLC by unanimous written consent, which, among other things, approved all of the transactions contemplated by the Intellectual
Property Purchase Agreement (“Agreement”) dated October __,
2012 between and among Seller, Playbutton, LLC, a Delaware limited liability company, and Playbutton Acquisition Corp., a Delaware
corporation that as of the closing of the transactions contemplated by the Agreement will wholly-own Purchaser, and which resolutions
have not been amended, modified or rescinded since the date of adoption and are in full force and effect on the date hereof;

 

2.Attached hereto
as Exhibit “A-2” is a true and complete copy of the operating agreement of Seller, as amended, as in effect on the
date hereof, and which have not been further amended, modified or rescinded;

 

3.Attached hereto
as Exhibit “A-3” is a true and complete copy of the certificate of formation of Seller, as amended to date, certified
by the Secretary of State of New York as true, complete and correct, and no action for any amendment thereto has been taken; and

 

4.The representations
and warranties made by Seller in the Agreement are true and correct in all material respects as of the date hereof, and Seller
has performed all covenants and obligations in the Agreement required to be performed by Seller as of the date hereof.

 

IN WITNESS WHEREOF,
the undersigned has executed this certificate in the undersigned’s capacity as Chief Executive Officer of Parte, LLC, a New
York limited liability company, effective as of _____, 2012.

 

“SELLER”

 

Parte, LLC,

a New York limited liability company

 

 

By:______________________________

      Nick Dangerfield, Chief Executive
Officer

 

 

 

Exhibit 3.2(c)

    	Page 1

    	 

    

 

EXHIBIT 3.3(b)

PARENT’S OFFICER’S CERTIFICATE

 

CERTIFICATE OF CHIEF EXECUTIVE OFFICER OF

PLAYBUTTON ACQUISITION CORP.

A Delaware Corporation

 

The undersigned, being
the duly elected, qualified and acting Chief Executive Officer of Playbutton Acquisition Corp., a Delaware corporation (“Parent”),
does hereby certify that he is familiar with the facts herein certified, am duly authorized to certify the same, and do further
certify on behalf of Seller as follows:

 

1.Attached hereto
as Exhibit “A-1” is a true and complete copy of resolutions duly adopted by the board of directors of Parent by unanimous
written consent, which, among other things, approved all of the transactions contemplated the Intellectual Property Purchase Agreement
(“Agreement”) dated October __, 2012 between and among Parent, Parte, LLC, a New York liability
company, and Playbutton, LLC, a Delaware limited liability company, and which resolutions have not been amended, modified or rescinded
since the date of adoption and are in full force and effect on the date hereof;

 

2.Attached hereto
as Exhibit “A-2” is a true and complete copy of the bylaws of Parent, as in effect on the date hereof, and which have
not been further amended, modified or rescinded;

 

3.Attached hereto
as Exhibit “A-3” is a true and complete copy of the certificate of incorporation of Parent, certified by the Secretary
of State of Delaware as true, complete and correct, and no action for any amendment thereto has been taken; and

 

4.The representations
and warranties made by Parent in the Agreement are true and correct in all material respects as of the date hereof, and Parent
has performed all covenants and obligations in the Agreement required to be performed by Parent as of the date hereof.

 

IN WITNESS WHEREOF,
the undersigned has executed this certificate in the undersigned’s capacity as Chief Executive Officer of Playbutton Acquisition
Corp., a Delaware corporation, effective as of ______, 2012.

 

“PARENT”

 

Playbutton Acquisition Corp.,

a Delaware corporation

 

 

By:___________________________________

      Daniel Najor, Chief Executive Officer

 

 

 

Exhibit 3.3(b)

    	Page 1

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