Document:

EX 10.10

    EXHIBIT
      10.10

     

    INDEMNIFICATION
      AGREEMENT

     

    This
      Indemnification Agreement ("Agreement")
      is
      made effective as of ________, 2006, and is entered into by and between
      SONOMAWEST HOLDINGS, INC., a Delaware corporation (the "Company"),
      and
      ____________________________________ ("Indemnitee").
      

     

    RECITALS

     

    A.    The
      Company and Indemnitee recognize the increasing difficulty in obtaining
      directors' and officers' liability insurance, the significant increases in
      the
      cost of such insurance and the general reductions in the coverage of such
      insurance.

     

    B.    The
      Company and Indemnitee further recognize the substantial increase in corporate
      litigation in general, subjecting officers and directors to expensive litigation
      risks at the same time as the availability and coverage of liability insurance
      has been severely limited.

     

    C.    Indemnitee
      does not regard the current protection available as adequate under the present
      circumstances, and Indemnitee and other officers and directors of the Company
      may not be willing to continue to serve as officers and directors without
      additional protection.

     

    D.    The
      Company desires to attract and retain the services of highly qualified
      individuals, such as Indemnitee, to serve as officers and directors of the
      Company and to indemnify its officers and directors so as to provide them with
      the maximum protection permitted by law.

     

    AGREEMENT

     

    NOW,
      THEREFORE, the Company and Indemnitee hereby agree as follows:

     

    1.    INDEMNIFICATION.

     

    (a)    Third
      Party Proceedings.
      The
      Company shall indemnify Indemnitee if Indemnitee is or was a party, or is
      threatened to be made a party to or witness or other participant in, any
      threatened, pending or completed action or proceeding, whether civil, criminal,
      administrative or investigative (a “proceeding”)
      (other
      than a proceeding by or in the right of the Company) by reason of the fact
      that
      Indemnitee is or was a director, officer, employee or agent of the Company,
      or
      any subsidiary of the Company, by reason of any action or inaction on the part
      of Indemnitee while an officer or director or by reason of the fact that
      Indemnitee is or was serving at the request of the Company as a director,
      officer, employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise, against expenses (including attorneys' fees,
      disbursements and retainers, accounting and witness fees, travel and disposition
      costs, expenses of investigations, judicial or administrative proceedings or
      appeals), judgments, fines, penalties, excise taxes under the Employee
      Retirement Income Security Act of 1974, as amended (“ERISA”)
      and
      amounts paid in settlement (if such settlement is approved in advance by the
      Company, which approval shall not be unreasonably withheld) actually and
      reasonably incurred by Indemnitee in connection with such proceeding unless
      the
      Company shall establish, in accordance with the procedures described in Section
      2(c) of this Agreement, that Indemnitee did not act in good faith and in a
      manner Indemnitee reasonably believed to be in or not opposed to the best
      interests of the Company, and, with respect to any criminal proceeding, had
      no
      reasonable cause to believe Indemnitee's conduct was unlawful. The termination
      of any proceeding by judgment, order, settlement, conviction, or upon a plea
      of
nolo
      contendere or
      its
      equivalent, shall not, of itself, create a presumption that (i) Indemnitee
      did
      not act in good faith and in a manner which Indemnitee reasonably believed
      to be
      in, or not opposed to, the best interests of the Company, or (ii) with respect
      to any criminal proceeding, Indemnitee had no reasonable cause to believe that
      Indemnitee's conduct was unlawful.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)    Proceedings
      By or in the Right of the Company.
      The
      Company shall indemnify Indemnitee if Indemnitee was or is a party to or witness
      or other participant in, or is threatened to be made a party to or witness
      or
      other participant in, any proceeding by or in the right of the Company or any
      subsidiary of the Company to procure a judgment in its favor by reason of the
      fact that Indemnitee is or was a director, officer, employee or agent of the
      Company, or any subsidiary of the Company, by reason of any action or inaction
      on the part of Indemnitee while an officer or director or by reason of the
      fact
      that Indemnitee is or was serving at the request of the Company as a director,
      officer, employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise, against expenses (including, without limitation,
      attorneys' fees) and, to the fullest extent permitted by law, amounts paid
      in
      settlement, in each case to the extent actually and reasonably incurred by
      Indemnitee, in connection with the defense or settlement of such proceeding
      if
      Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
      to
      be in or not opposed to the best interests of the Company and its stockholders,
      except that no indemnification shall be made in respect of any proceeding,
      claim, issue or matter as to which Indemnitee shall have been finally
      adjudicated by court order or judgment to be liable to the Company in the
      performance of Indemnitee's duty to the Company and its stockholders, unless
      and
      only to the extent that the court in which such proceeding is or was pending
      shall determine upon application that, in view of all the circumstances of
      the
      case, Indemnitee is fairly and reasonably entitled to indemnity for expenses
      and
      then only to the extent that the court shall determine.

     

    2.    Expenses:
      Indemnification Procedure.

     

    (a)    Advancement
      of Expenses.
      The
      Company shall advance all expenses incurred by Indemnitee in connection with
      the
      investigation, defense, settlement or appeal of any proceeding referenced in
      Section 1(a) or (b) hereof (but not amounts actually paid in settlement of
      any
      such proceeding). Indemnitee hereby undertakes to repay such amounts advanced
      only if, and to the extent that, it shall ultimately be determined that
      Indemnitee is not entitled to be indemnified by the Company as authorized
      hereby. The advances to be made hereunder shall be paid by the Company to
      Indemnitee within twenty (20) days following delivery of a written request
      therefor by Indemnitee to the Company and documentation reasonably evidencing
      the expenses for which reimbursement is requested. The parties agree that for
      the purposes of any expense advance for which Indemnitee has made written demand
      to the Company in accordance with this Agreement, all expenses included in
      such
      expense advance that are certified in good faith by affidavit of Indemnitee’s
      counsel as being reasonable shall be presumed conclusively to be
      reasonable.

     

    
      
         

      

      
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    (b)    Notice.
      Indemnitee shall give the Company notice in writing as soon as practicable
      of
      any claim made against Indemnitee for which indemnification will or could be
      sought under this Agreement. Notice to the Company shall be directed to the
      Chief Executive Officer of the Company at the address shown on the signature
      page of this Agreement (or such other address as the Company shall designate
      in
      writing to Indemnitee). Notice shall be deemed received three business days
      after the date postmarked if sent by domestic certified or registered mail,
      properly addressed; otherwise notice shall be deemed received when such notice
      shall actually be received by the Company. The omission to so notify the Company
      will not relieve the Company from any liability which it may have under this
      Agreement or otherwise. In addition, Indemnitee shall give the Company such
      information and cooperation as it may reasonably require and as shall be within
      Indemnitee’s power.

     

    (c)    Procedure;
      Determination of Right to Indemnification.

     

    (i)    Any
      indemnification provided for in Section 1 and this Section 2 shall be made
      no
      later than forty-five (45) days after receipt of the written request of
      Indemnitee, accompanied by substantiating documentation, unless a determination
      is made within such 45-day period by (i) the Board of Directors by a majority
      vote of a quorum consisting of directors who are or were not parties such
      proceeding, or (ii) independent legal counsel in a written opinion (which
      counsel shall be appointed if such quorum is not obtainable), that Indemnitee
      has not met the relevant standards for indemnification set forth herein. If
      a
      claim under this Agreement, under any statute, or under any provision of the
      Company's certificate of incorporation or By-laws providing for indemnification,
      is not paid in full by the Company within forty-five (45) days after a written
      request for payment thereof has first been received by the Company, Indemnitee
      may, but need not, at any time thereafter bring an action against the Company
      to
      recover the unpaid amount of the claim and, subject to Section 12 of this
      Agreement, Indemnitee shall also be entitled to be paid for the expenses
      (including, without limitation, attorneys' fees) of bringing such action. It
      shall be a defense to any such action (other than an action brought to enforce
      a
      claim for expenses incurred in connection with any proceeding in advance of
      its
      final disposition) that Indemnitee has not met the standards of conduct which
      make it permissible under applicable law for the Company to indemnify Indemnitee
      for the amount claimed, but the burden of proving such defense by clear and
      convincing evidence shall be on the Company. 

     

    (ii)    It
      is the
      parties' intention that if the Company contests Indemnitee's right to
      indemnification, the question of Indemnitee's right to indemnification shall
      be
      resolved as provided in subparagraph (iv) below, and neither the failure of
      the
      Company (including its Board of Directors, any committee or subgroup of the
      Board of Directors, independent legal counsel, or its stockholders) to have
      made
      a determination that indemnification of Indemnitee is proper in the
      circumstances because Indemnitee has met the applicable standard of conduct
      required by applicable law, nor an actual determination by the Company
      (including its Board of Directors, any committee or subgroup of the Board of
      Directors, independent legal counsel, or its stockholders) that Indemnitee
      has
      not met such applicable standard of conduct, shall create a presumption that
      Indemnitee has or has not met the applicable standard of conduct.

     

    (iii)    To
      the extent
      that the Indemnitee has been successful on the merits in defense of any
      proceeding referred to in Section 1(a) or 1(b) above or in defense of any claim,
      issue or matter therein, Indemnitee shall be indemnified against expenses
      actually and reasonably incurred by Indemnitee in connection therewith.

     

    
      
         

      

      
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    (iv)    In
      the event
      that subparagraph (iii) above is inapplicable, or does not apply to the entire
      proceeding, the Company shall nonetheless indemnify the Indemnitee (unless
      applicable law expressly requires a different procedure) unless the Company
      shall prove by clear and convincing evidence to the forum selected as provided
      in subparagraph (v) below that the Indemnitee has not met the applicable
      standard of conduct required to entitle the Indemnitee to such indemnification.
      

     

    (v)    The
      Indemnitee shall be entitled to select the forum in which the validity of the
      Company’s claim under subparagraph (iv) above that the Indemnitee is not
      entitled to indemnification will be heard from among the following, except
      that
      the Indemnitee can select a forum consisting of the stockholders of the Company
      only with the approval of the Company:

     

    (A)    a
      quorum
      consisting of directors who are not parties to the proceeding for which
      indemnification is being sought;

     

    (B)    independent
      legal counsel, which shall render a conclusion in a written legal opinion;
      

     

    (C)    the
      stockholders of the Company; or

     

    (D)    the
      court
      having jurisdiction of the subject matter of the proceeding and the
      parties.

     

    For
      purposes of the above, “independent legal counsel” shall mean a reputable law
      firm with experience in the general subject matter of this Agreement, or a
      member of such a firm, mutually agreed upon by the Company and Indemnitee,
      that
      neither is presently nor in the past three (3) years has been retained to
      represent: (i) the Company or any of its subsidiaries or affiliates, or
      Indemnitee or any corporation or which Indemnitee was or is a director, officer,
      employee or agent, or any subsidiary or affiliate of such a corporation, in
      any
      material matter, or (ii) any other party to the claim giving rise to a claim
      for
      indemnification hereunder. Notwithstanding the foregoing, the term “independent
      legal counsel” shall not include any person who, under the applicable standards
      of professional conduct then prevailing, would have a conflict of interest
      in
      representing either the Company or Indemnitee in an action to determine
      Indemnitee’s right to indemnification under this Agreement. As soon as
      practicable, and in no event later than thirty (30) days after the forum has
      been selected pursuant to this subparagraph (v), the Company shall, at its
      own
      expense, submit to the selected forum its claim that the Indemnitee is not
      entitled to indemnification, and the Company shall act in the utmost good faith
      to assure the Indemnitee a complete opportunity to defend against such claim.
      If
      the forum selected in accordance with this subparagraph (v) is independent
      legal
      counsel, the Company agrees to pay the reasonable fees of the independent legal
      counsel and to indemnify fully such counsel against any and all expenses
      (including legal fees), claims, liabilities and damages arising out of or
      relating to this Agreement or its engagement pursuant hereto. If the forum
      selected in accordance with this subparagraph (v) is not a court, then after the
      final decision of such forum is rendered, the Company or Indemnitee shall have
      the right to apply to a court with jurisdiction over the parties and subject
      matter, or the court in which the proceeding giving rise to the Indemnitee’s
      claim for indemnification is or was pending, for the purpose of appealing the
      decision of such forum, provided that such right is exercised within sixty
      (60)
      days after the final decision of such forum is rendered. If the forum selected
      in accordance with this subparagraph is a court, then the rights of the Company
      or Indemnitee to appeal any decision of such court shall be governed by the
      applicable laws and rules governing appeals of the decision of such court.
      Notwithstanding any other provision in this Agreement, the Company shall
      indemnify the Indemnitee against all expenses reasonably incurred by Indemnitee
      in connection with any hearing or proceeding under this subparagraph (v)
      involving Indemnitee and against all expenses reasonably incurred by Indemnitee
      involving the interpretation or enforcement of the rights of Indemnitee under
      this Agreement unless a court of competent jurisdiction finds that each of
      the
      material claims and/or defenses of Indemnitee in any such proceeding was
      frivolous or not made in good faith.

     

    
      
         

      

      
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    (d)    Notice
      to Insurers.
      If, at
      the time of the receipt of a notice of a claim pursuant to Section 3(b) hereof,
      the Company has director and officer liability insurance in effect, the Company
      shall give prompt notice of the commencement of such proceeding to the insurers
      in accordance with the procedures set forth in the respective policies. The
      Company shall thereafter take all necessary or desirable actions to cause such
      insurers to pay, on behalf of the Indemnitee, all amounts payable as a result
      of
      such proceeding in accordance with the terms of such policies.

     

    (e)    Selection
      of Counsel.
      If the
      Company shall be obligated under Section 2(a) hereof to pay the expenses of
      any
      proceeding against Indemnitee, the Company, if appropriate, shall be entitled
      to
      assume the defense of such proceeding, with counsel selected by the Company
      and
      approved by Indemnitee, which approval shall not be unreasonably withheld,
      upon
      the delivery to Indemnitee of written notice of its election so to do. After
      delivery of such notice, approval of such counsel by Indemnitee and the
      retention of such counsel by the Company, the Company will not be liable to
      Indemnitee under this Agreement for any fees of counsel subsequently incurred
      by
      Indemnitee with respect to the same proceeding, provided that (i) Indemnitee
      shall have the right to employ Indemnitee’s counsel in any such proceeding at
      Indemnitee's expense; (ii) Indemnitee shall have the right to employ
      Indemnitee’s own counsel in connection with any such proceeding, upon the
      Company’s approval at the expense of the Company if such counsel serves only in
      a review, observer, advice and counseling capacity and does not otherwise
      materially control or participate in the defense of such proceeding; and (iii)
      if (A) the employment of counsel by Indemnitee has been previously authorized
      by
      the Company, (B) Indemnitee shall have reasonably concluded that there may
      be a
      conflict of interest between the Company and Indemnitee in the conduct of any
      such defense, or (C) the Company shall not, in fact, have employed counsel
      to
      assume the defense of such proceeding, then the fees and expenses of
      Indemnitee's counsel shall be at the expense of the Company. The Company shall
      not be liable to indemnify Indemnitee or advance expenses to Indemnitee under
      this Agreement for any amounts paid in settlement of any proceeding effected
      by
      Indemnitee without the Company’s written consent, which consent shall not be
      unreasonably withheld, unless Indemnitee receives court approval for such
      settlement or other disposition where the Company had the opportunity to oppose
      Indemnitee's request for such court approval. The Company shall be permitted
      to
      settle any proceeding except that it shall not settle any proceeding in any
      manner which would impose any penalty or limitation on Indemnitee without
      Indemnitee’s written consent. Neither the Company nor Indemnitee shall
      unreasonably withhold its consent to any proposed settlement.

     

    
      
         

      

      
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    (f)    Cooperation.
      If the
      Company assumes the defense of any claim for which indemnification is sought
      under this Agreement, Indemnitee shall furnish such information regarding
      Indemnitee, or the proceeding in question, as the Company may reasonably request
      and as may be required in connection with the defense or settlement of such
      proceeding, and shall cooperate fully with the Company in every other
      respect.

     

    3.    ADDITIONAL
      INDEMNIFICATION RIGHTS; NONEXCLUSIVITY.

     

    (a)    Scope.
      Notwithstanding any other provision of this Agreement, the Company hereby agrees
      to indemnify the Indemnitee to the fullest extent permitted by law,
      notwithstanding that such indemnification is not specifically authorized by
      the
      other provisions of this Agreement, the Company's Certificate of Incorporation
      or Bylaws or by statute. In the event of any change, after the date of this
      Agreement, in any applicable law, statute or rule which expands the right of
      a
      Delaware corporation to indemnify a member of its board of directors, an officer
      or other corporate agent, such changes shall be, ipso facto, within
      the purview of Indemnitee's rights and Company's obligations, under this
      Agreement. In the event of any change in any applicable law, statute or rule
      which narrows the right of a Delaware corporation to indemnify a member of
      its
      Board of Directors, an officer or other corporate agent, such changes, to the
      extent not otherwise required by such law, statute or rule to be applied to
      this
      Agreement, shall have no effect on this Agreement or the parties' rights and
      obligations hereunder.

     

    (b)    Nonexclusivity.
      The
      indemnification provided by this Agreement shall not be deemed exclusive of
      any
      rights to which Indemnitee may be entitled under the Company's Certificate
      of
      Incorporation, its Bylaws, any agreement, any vote of stockholders or
      disinterested directors, the Corporation Law of the State of Delaware, or
      otherwise, both as to action in Indemnitee's official capacity and as to action
      in another capacity while holding such office. The indemnification provided
      under this Agreement shall continue as to Indemnitee for any action taken or
      not
      taken while serving in an indemnified capacity even though Indemnitee may have
      ceased to serve in such capacity at the time of any covered proceeding. If
      Indemnitee was a party to a written indemnification agreement with the Company’s
      predecessor entity, a California corporation, then this Agreement, rather than
      the prior agreement, shall govern with respect to any matters arising after
      the
      date of this Agreement.

     

    4.    Partial
      Indemnification.
      If
      Indemnitee is entitled under any provision of this Agreement to indemnification
      by the Company for some or a portion of the expenses, judgments, fines,
      penalties or ERISA excise taxes actually or reasonably incurred by either in
      the
      investigation, defense, appeal or settlement of any civil or criminal
      proceeding, but not, however, for the total amount thereof, the Company shall
      nevertheless indemnify each of Indemnitee for the portion of such expenses,
      judgments, fines, penalties or ERISA excise taxes to which Indemnitee is
      entitled.

     

    
      
         

      

      
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    5.    Mutual
      Acknowledgement.
      The
      Company and Indemnitee acknowledge that in certain instances, Federal law or
      applicable public policy may prohibit the Company from indemnifying its
      directors, officers and agents under this Agreement or otherwise. Indemnitee
      understands and acknowledges that the Company has undertaken or may be required
      in the future to undertake with the Securities and Exchange Commission to submit
      the question of indemnification to a court in certain circumstances for a
      determination of the Company's right under public policy to indemnify
      Indemnitee.

     

    6.    Directors’
      and Officers’ Liability Insurance.
      The
      Company shall, from time to time, make the good faith determination whether
      or
      not it is practicable for the Company to obtain and maintain a policy or
      policies of insurance with reputable insurance companies providing the officers
      and directors of the Company with coverage for losses from wrongful acts, or
      to
      ensure the Company's performance of its indemnification obligations under this
      Agreement. Among other considerations, the Company will weigh the costs of
      obtaining such insurance coverage against the protection afforded by such
      coverage. In all policies of directors' and officers' liability insurance,
      Indemnitee shall be named as an insured in such a manner as to provide
      Indemnitee the same rights and benefits as are accorded to the most favorably
      insured of the Company's directors, if Indemnitee is a director; or of the
      Company's officers, if Indemnitee is not a director of the Company but is an
      officer. Notwithstanding the foregoing, the Company shall have no obligation
      to
      obtain or maintain such insurance if the Company determines in good faith that
      such insurance is not reasonably available, if the premium costs for such
      insurance are disproportionate to the amount of coverage provided, if the
      coverage provided by such insurance is limited by exclusions so as to provide
      an
      insufficient benefit, or if Indemnitee is covered by similar insurance
      maintained by a subsidiary or parent of the Company.

     

    7.    Severability.
      Nothing
      in this Agreement is intended to require or shall be construed as requiring
      the
      Company to do or fail to do any act in violation of applicable law. The
      Company's inability, pursuant to court order, to perform its obligations under
      this Agreement shall not constitute a breach of this Agreement. Each provision
      of this Agreement, including without limitation, provisions within a single
      sentence or clause therein, shall be severable as provided in this Section
      7. If
      this Agreement or any portion hereof shall be invalidated on any ground by
      any
      court of competent jurisdiction, then the Company shall nevertheless indemnify
      Indemnitee to the full extent permitted by any applicable portion of this
      Agreement that shall not have been invalidated, and the balance of this
      Agreement not so invalidated shall be enforceable in accordance with its terms.
      

     

    8.    Exceptions.
      Any
      other provision herein to the contrary notwithstanding, the Company shall not
      be
      obligated pursuant to the terms of this Agreement:

     

    (a)    Unlawful
      Indemnification.
      To
      indemnify Indemnitee for any acts or omissions or transactions from which a
      court having jurisdiction in the matter shall determine that Indemnitee may
      not
      be relieved of liability under Delaware or any other applicable state or federal
      law. In this respect, the Company and the Indemnitee have been advised that
      the
      Securities and Exchange Commission takes the position that indemnification
      for
      liabilities arising under the federal securities laws is against public policy
      and is, therefore, unenforceable and that claims for indemnification should
      be
      submitted to appropriate courts for adjudication.

     

    
      
         

      

      
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    (b)    Claims
      Initiated by Indemnitee.
      To
      indemnify or to advance expenses to Indemnitee with respect to proceedings
      or
      claims initiated or brought voluntarily by Indemnitee and not by way of defense,
      except with respect to proceedings brought to establish or enforce a right
      to
      indemnification under this Agreement or any other statute or law or otherwise
      as
      required under the Delaware General Corporation Law, but such indemnification
      or
      advancement of expenses may be provided by the Company in specific cases if
      the
      Board of Directors has approved the initiation or bringing of such suit;
      or

     

    (c)    Lack
      of Good Faith.
      To
      indemnify Indemnitee for any expenses incurred by the Indemnitee with respect
      to
      any proceeding instituted by Indemnitee to enforce or interpret this Agreement,
      if a court of competent jurisdiction determines that each of the material
      assertions made by the Indemnitee, as the case may be, in such proceeding was
      not made in good faith or was frivolous; or

     

    (d)    No
      Duplication of Payments.
      To
      indemnify Indemnitee for expenses or liabilities of any type whatsoever
      (including, without limitation, judgments, fines, ERISA excise taxes or
      penalties, and amounts paid in settlement) to the extent that Indemnitee has
      otherwise actually received payment (under any insurance policy, provision
      of
      the Company’s certificate of incorporation, bylaws or otherwise) of the amounts
      otherwise payable hereunder; or

     

    (e)    Claims
      Under Section 16(b).
      To
      indemnify Indemnitee for expenses and the payment of profits arising from the
      purchase and sale by Indemnitee of securities in violation of Section 16(b)
      of
      the Securities Exchange Act of 1934, as amended, or any similar successor
      statute or similar provisions of any federal, state or local law.

     

    9.    Construction
      of Certain Phrases.

     

    (a)    For
      purposes of this Agreement, references to the "Company" shall include in
      addition to the resulting corporation, any constituent corporation (including
      any constituent of a constituent) absorbed in a consolidation or merger which,
      if its separate existence had continued, would have had power and authority
      to
      indemnify its directors, officers and employees or agents, so that if Indemnitee
      is or was a director, officer, employee or agent of such constituent
      corporation, or is or was serving at the request of such constituent corporation
      as a director, officer, employee or agent of another corporation, partnership,
      joint venture, trust or other enterprise, Indemnitee shall stand in the same
      position under the provisions of this Agreement with respect to the resulting
      or
      surviving corporation as Indemnitee would have with respect to such constituent
      corporation if its separate existence had continued.

     

    (b)    For
      purposes of this Agreement, references to "other enterprises" shall include
      employee benefit plans; references to "fines" shall include any excise taxes
      assessed on Indemnitee with respect to an employee benefit plan; and references
      to "serving at the request of the Company" shall include any service as a
      director, officer, employee or agent of the Company which imposes duties on,
      or
      involves services by, such director, officer, employee or agent with respect
      to
      an employee benefit plan, its participants, or beneficiaries; and if Indemnitee
      acted in good faith and in a manner Indemnitee reasonably believed to be in
      the
      interest of the participants and beneficiaries of an employee benefit plan,
      Indemnitee shall be deemed to have acted in a manner "not opposed to the best
      interests of the Company" as referred to in this Agreement.

     

    
      
         

      

      
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    10.    Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      constitute an original.

     

    11.    Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of and be enforceable
      by the parties hereto and their respective successors and assigns (including,
      in
      the case of the Company, any successor by merger or similar transaction), and
      shall inure to the benefit of Indemnitee and Indemnitee's estate, and each
      of
      Indemnitee’s heirs, legal representatives and assigns.

     

    12.    Attorneys’
      Fees.
      In the
      event that any action is instituted by Indemnitee under this Agreement or under
      any liability insurance policies maintained by the Company to enforce or
      interpret any of the terms hereof, Indemnitee shall be entitled to be paid
      all
      court costs and expenses, including reasonable attorneys' fees, incurred by
      Indemnitee with respect to such action, regardless of whether Indemnitee is
      ultimately successful in such action, unless as a part of such action, a court
      of competent jurisdiction makes a final judicial determination (as to which
      all
      rights of appeal therefrom have been exhausted or lapsed) that each of the
      material assertions made by Indemnitee as a basis for such action were not
      made
      in good faith or were frivolous. In the event of an action instituted by or
      in
      the name of the Company under this Agreement or to enforce or interpret any
      of
      the terms of this Agreement, Indemnitee shall be entitled to be paid all costs
      and expenses, including, without limitation, reasonable attorneys' fees,
      incurred by Indemnitee in defense of such action (including, without limitation,
      with respect to Indemnitee's counterclaims and cross-claims made in such
      action), unless as a part of such action the court makes a final judicial
      determination (as to which all rights of appeal therefrom have been exhausted
      or
      lapsed) that each of Indemnitee's material defenses to such action were made
      in
      bad faith or were frivolous.

     

    13.    Notice.
      All
      notices, requests, demands and other communications under this Agreement shall
      be in writing, shall be effective upon receipt, and shall be delivered by
      Federal Express or a similar courier, personal delivery, certified or registered
      air mail, or by facsimile transmission. Addresses for notice to either party
      are
      as shown on the signature page of this Agreement, or as subsequently modified
      by
      written notice. Addresses for notice to either party are as shown on the
      signature page of this Agreement, or as subsequently modified by written
      notice.

     

    14.    Consent
      to Jurisdiction.
      The
      Company and Indemnitee each hereby irrevocably consent to the jurisdiction
      of
      the courts of the State of Delaware or California for all purposes in connection
      with any proceeding which arises out of or relates to this Agreement and agree
      that any action instituted under this Agreement shall be brought only in the
      state courts of the State of Delaware or California.

     

    15.    Choice
      of Law.
      This
      Agreement shall be governed by and its provisions construed in accordance with
      the laws of the State of Delaware as applied to contracts between Delaware
      residents entered into and to be performed entirely within
      Delaware.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    16.    Subrogation.
      In the
      event of payment under this Agreement, the Company shall be subrogated to the
      extent of such payment to all of the rights of recovery of Indemnitee, who
      shall
      execute all documents required and shall do all acts that may be necessary
      to
      secure such rights and to enable the Company effectively to bring suit to
      enforce such rights.

     

    17.    Continuation
      of Indemnification.
      All
      agreements and obligations of the Company contained herein shall continue during
      the period that Indemnitee is a director, officer or agent of the Company and
      shall continue thereafter so long as Indemnitee shall be subject to any possible
      claim or threatened, pending or completed action, suit or proceeding, whether
      civil, criminal, arbitrational, administrative or investigative, by reason
      of
      the fact that Indemnitee was serving in the capacity referred to
      herein.

     

    18.    Amendment
      and Termination.
      Subject
      to Section 17, no amendment, modification, termination or cancellation of this
      Agreement shall be effective unless in writing signed by both parties
      hereto.

     

    19.    Agreement
      to Serve.
      Indemnitee agrees to continue to serve as a director of the Company and/or
      the
      Company’s subsidiaries, as the case may be, so long as Indemnitee is duly
      appointed or elected and qualified in accordance with the applicable provisions
      of the Bylaws of the Company or any subsidiary of the Company or until such
      time
      as Indemnitee tenders Indemnitee’s resignation in writing. Nothing contained in
      this Agreement is intended to create in Indemnitee any right to continued
      employment or service as a director.

     

    20.    Subject
      Matter and Parties.
      The
      intended purpose of this Agreement is to provide for indemnification and
      advancement of expenses, and this Agreement is not intended to affect any other
      aspect of any relationship between the Indemnitee and the Company and is not
      intended to and shall not create any rights in any person as a third party
      beneficiary hereunder.

     

    [REMAINDER
      OF THIS PAGE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

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

     

    SONOMAWEST
      HOLDINGS, INC.

     

     

      
        

      

    

    By:

     

    Title:

      
        

      

    

    Address:  
      2064
      Highway 116 North

                       Sebastopol,
      CA 95472

     

    AGREED
      TO AND ACCEPTED:

     

    INDEMNITEE:

     

    
      
        

      

    

    (Signature)

     

    
      
        

      

    

    (Name)

     

    
      
        

      

    

    (Address)

     

    
 

    
      
         

      

        11SHARE
      EXCHANGE AGREEMENT 

    

    by
      and
      among

    

    ZEROS
      & ONES, INC.

    a
      Nevada
      Corporation,

    

    

    ROCKETSTREAM
      HOLDING CORPORATION

    a
      Nevada
      Corporation

    

    and
      

    

    

    ROCKETSTREAM
      HOLDING CORPORATION SHAREHOLDERS

    

    

    

    

    Dated
      as
      of May 10, 2006

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    This
      SHARE EXCHANGE AGREEMENT
      (this
“Agreement”) is made and entered into as of May 10, 2006, by and among Zeros
& Ones, Inc., a Nevada corporation (“Zeros"), Rocketstream Holding
      Corporation, a Nevada corporation (“RHC”), and each of the RHC Shareholders
      listed on Schedule 1 hereto (the "RHC Shareholders"), with reference to the
      following:

     

    RECITALS

    

    A. This
      Agreement provides for the acquisition by Zeros of all of the issued and
      outstanding shares of capital stock of RHC, such that RHC shall become a wholly
      owned subsidiary of Zeros, and the issuance in exchange therefore of 48,235,000
      shares of restricted common stock of Zeros to the RHC Shareholders.

    

    B. The
      board
      of directors and shareholders of RHC and the board of directors of Zeros have
      determined, subject to the terms and conditions set forth in this Agreement,
      that the transactions contemplated hereby are desirable and in the best
      interests of the parties hereto. 

    

    C.
      The
      parties to this Agreement desire that the transaction contemplated by the
      provisions of this Agreement satisfy the requirements of Section 368 of the
      Internal Revenue Code of 1986, as amended, and the regulations promulgated
      pursuant thereto.

     

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements hereinafter
      set forth and the mutual benefits to the parties to be derived herefrom, it
      is
      hereby agreed as follows:

    

    ARTICLE
      I

    

    REPRESENTATIONS
      AND WARRANTIES OF ZEROS 

    

    As
      an
      inducement to and to obtain the reliance of RHC, Zeros represents and warrants
      as follows:

    

    Section
      1.1 Organization.
      Zeros
      is
      a corporation duly organized, validly existing, and in good standing under
      the
      laws of Nevada and has the corporate power and is duly authorized and qualified
      under all applicable laws, regulations, ordinances and orders of public
      authorities to own all of its properties and assets and to carry on its business
      in all material respects as it is now being conducted, including qualification
      to do business as a foreign corporation in any jurisdiction in which the
      character and location of the assets owned by it or the nature of the business
      transacted by it requires qualification. 

    

    Section
      1.2 Capitalization. The
      authorized capitalization of Zeros consists of 100,000,000 shares of common
      stock, $0.001 par value per share (“Zeros Common Shares”) and 2,000,000 shares
      of preferred stock. As of the date hereof, Zeros has 43,560,002 Zeros Common
      Shares issued and outstanding and no preferred stock issued and outstanding.
      All
      issued and outstanding Zeros Common Shares of Zeros are legally issued, fully
      paid and nonassessable and are not issued in violation of the preemptive or
      other rights of any person. 

    

    Section
      1.4  Subsidiaries. Zeros
      does not own directly or indirectly, any capital stock or have any interest
      in
      any other corporation, partnership or other form of business
      organization.

    

    Section
      1.5 Title
      and Related Matters. Zeros
      has
      good and marketable title to and is the sole and exclusive owner of all of
      its
      properties, inventory, interests in properties and assets, real and personal
      (collectively, the "Assets") which are reflected in its most recent balance
      sheet or were acquired after the date thereof (except properties, interests
      in
      properties and assets sold or otherwise disposed of since such date in the
      ordinary course of business), free and clear of all liens, pledges, charges
      or
      encumbrances. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
      1.6 No
      Conflict With Other Instruments. 
      To
      Zeros’ knowledge, the execution of this Agreement and the consummation of the
      transactions contemplated by hereby will not result in the breach of any term
      or
      provision of, or constitute an event of default under, any material contract,
      agreement or instrument to which Zeros is a party or to which any of its
      properties or operations are subject.

    

    Section
      1.7 Compliance
      With Laws and Regulations.
      To
      Zeros’ knowledge, Zeros has complied with all applicable statutes and
      regulations of any federal, state or other governmental entity or agency
      thereof, except to the extent that noncompliance would not materially and
      adversely affect the business, operations, properties, assets or financial
      condition of Zeros or would not result in Zeros’ incurring any material
      liability.

    

    Section
      1.8 Acquisition
      for Investment.
      Zeros
      is acquiring the RHC Shares for investment, and not with a view to or for sale
      in connection with any distribution thereof. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    ARTICLE
      II

     

    REPRESENTATIONS
      AND WARRANTIES

    OF
      RHC AND RHC SHAREHOLDERS

    

    As
      an
      inducement to, and to obtain the reliance of Zeros, RHC and the RHC Shareholders
      represent and warrant, jointly and severally, as follows:

    

    Section
      2.1 Organization. RHC
      is a
      corporation duly organized, validly existing and in good standing under the
      laws
      of Nevada and has the corporate power and is duly authorized and qualified
      under
      all applicable laws, regulations, ordinances and orders of public authorities
      to
      own all of its properties and assets and to carry on its business in all
      material respects as it plans to conduct. The execution, delivery and
      performance of this Agreement do not and the consummation of the transactions
      contemplated by this Agreement in accordance with the terms hereof will not,
      violate any provision of RHC's Articles of Incorporation or Bylaws. RHC has
      full
      power, authority and legal right and has taken all action required by law,
      its
      Articles of Incorporation and Bylaws or otherwise to authorize the execution
      and
      delivery of this Agreement. 

    

    Section
      2.2 Capitalization. The
      authorized capitalization of RHC consists of 100,000 shares of Common Stock,
      $.001 par value, of which 48,235 shares (the “RHC Shares”) are presently, and
      will be immediately prior to the Closing, issued and outstanding. RHC has no
      preferred shares issued or authorized. The RHC Shareholders are the sole
      beneficial and record owners of the RHC Shares, and such RHC Shareholders
      presently have and at the Closing will have the unqualified right to transfer
      and dispose of such RHC Shares. All issued and outstanding shares are legally
      issued, fully paid and nonassessable and are not issued in violation of the
      preemptive or other rights of any person. 

    

    Section
      2.3 Options
      and Warrants.
      There
      are no outstanding options, warrants, calls, convertible securities, or rights
      of any kind to acquire any securities of RHC. 

    

    Section
      2.4  Subsidiaries. RHC
      does
      not own directly or indirectly, any capital stock or have any interest in any
      corporation, partnership or other form of business organization other than
      RocketStream, Inc., a Georgia corporation (“RS”). RHC owns 100% of the
      outstanding shares of RS. Unless the context herein requires otherwise, all
      references in this Section 2 to RHC includes RS.

    

    Section
      2.6 Liabilities.
      Except
      as set forth in Schedule 2.7, RHC has no liabilities or obligations (whether
      known or unknown, contingent or absolute, matured, unmatured or otherwise)
      that
      are not reflected or reserved against in the Financial Statements, including,
      without limitation, any liabilities with respect to the payment of any country,
      federal, state, county, local or other taxes (including any deficiencies,
      interest or penalties).

    

    Section
      2.7 Absence
      of Certain Changes or Events. Since
      May
      1, 2006:

    

    (a) RHC
      has
      not: (i) amended its Articles of Incorporation or Bylaws; (ii) waived any rights
      of value which individually or in the aggregate are material considering the
      business of RHC; or (iii) made any accrual or arrangement for or payment of
      bonuses or special compensation of any kind or any severance or termination
      pay
      to any present or former officer or employee; 

    

    (b) RHC
      has
      not: (i) granted or agreed to grant any options, warrants or other rights for
      its certificates, bonds or other corporate securities calling for the issuance
      thereof, which option, warrant or other right has not been canceled as of the
      Closing Date; (ii) borrowed or agreed to borrow any funds or incurred or become
      subject to, any material obligation or liability (absolute or contingent) except
      liabilities incurred in the ordinary course of business; 

    

    (c) RHC
      has
      not become subject to any law or regulation which materially and adversely
      affects, or in the future may adversely affect, the business, operations,
      properties, assets or financial condition of RHC . 

    

    Section
      2.8 Litigation
      and Proceedings. There
      are
      no actions, suits, proceedings or investigations pending or, to RHC’s best
      knowledge, threatened by or against RHC, affecting RHC or its properties, at
      law
      or in equity, before any court or other governmental agency or instrumentality,
      domestic or foreign or before any arbitrator of any kind that would have a
      material adverse affect on the business, operations or financial condition
      of
      RHC. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
      2.9 No
      Conflict With Other Instruments. 
      The
      execution, delivery and performance of this Agreement and the consummation
      of
      the transactions contemplated hereby will not result in the breach of any term
      or provision of, or constitute an event of default under, any contract,
      agreement or instrument to which RHC is a party or to which any of its
      properties or operations are subject.

    

    Section
      2.10 Authorizations;
      Permits; Licenses. RHC
      has
      all licenses, franchises, permits or other governmental authorizations legally
      required to enable RHC to conduct its business as conducted on the date hereof.
      Except for compliance with federal and state securities and corporation laws,
      as
      hereinafter provided, no authorization, approval, consent or order of, or
      registration, declaration or filing with, any court or other governmental body
      is required in connection with the execution, delivery and performance by RHC
      of
      this Agreement and the consummation of RHC of the transactions contemplated
      hereby.

    

    Section
      2.12 Compliance
      With Laws and Regulations.
      RHC has
      complied with all applicable statutes and regulations of any federal, state
      or
      other governmental entity or agency thereof, except to the extent that
      noncompliance would not materially and adversely affect the business,
      operations, properties, assets or financial condition of RHC or would not result
      in RHC's incurring any material liability.

    

    Section
      2.13 Authority. RHC
      and
      each of the RHC Shareholders has full power and authority to enter into this
      Agreement and to carry out the transactions contemplated hereby. The execution
      and delivery of this Agreement and the consummation of the transactions
      contemplated hereby have been duly authorized and approved by all of the RHC
      Shareholders and the board of directors of RHC and no other corporate or other
      proceedings on the part of RHC or the RHC Shareholders are necessary to
      authorize this Agreement and the transactions contemplated hereby.

    

    Section
      2.14 Information. The
      information concerning RHC as set forth in this Agreement is complete and
      accurate in all material respects and does not contain any untrue statement
      of a
      material fact or omit to state a material fact required to make the statements
      made, in light of the circumstances under which they were made, not
      misleading.

    

    Section
      2.15 Securities
      Laws.
      The RHC
      Shareholders acknowledge that the Zeros Common Shares to be delivered pursuant
      to this Agreement are not being registered under the Securities Act of 1933,
      as
      amended (the "Securities Act"), on the ground that the offer and sale of the
      Zeros Common Shares are exempt from the registration provisions of Section
      5 of
      the Securities Act pursuant to Section 4(2) thereof, as transactions by an
      issuer not involving any public offering, and/or may be deemed not to involve
      an
      offer or sale within the meaning of Section 5 of the Securities Act pursuant
      to
      Regulation D promulgated thereunder, and that the Zeros Common Shares being
      delivered pursuant hereto may not be resold in any transaction subject to
      Section 5 of the Securities Act unless registered or an exemption from
      registration is available for such sale, and that the certificates representing
      such Zeros Common Shares will bear substantially the following legend:

    

    “THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”),
      OR REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE OF THE UNITED
      STATES, IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION OR QUALIFICATION
      AFFORDED BY SUCH SECURITIES LAWS, AND HAVE BEEN ACQUIRED BY THE HOLDER FOR
      INVESTMENT PURPOSES ONLY. THESE SECURITIES MAY NOT BE SOLD, TRANSFERRED,
      ASSIGNED OR HYPOTHECATED, OR OFFERED FOR SALE, TRANSFER, ASSIGNMENT OR
      HYPOTHECATION, WITHIN THE UNITED STATES OR ANY OF ITS TERRITORIES OR TO A UNITED
      STATES PERSON, UNLESS (i) THE SECURITIES ARE REGISTERED UNDER SECTION 5 OF
      THE
      SECURITIES ACT, OR (ii) THE PROPOSED TRANSACTION IS EXEMPT FROM THE REGISTRATION
      AND PROSPECTUS DELIVERY REQUIREMENTS OF THE SECURITIES ACT. THE TRANSFER AGENT
      (OR THE COMPANY IF THEN ACTING AS ITS TRANSFER AGENT) WILL REFUSE TO TRANSFER
      THESE SECURITIES UNLESS PRESENTED WITH A WRITTEN OPINION SATISFACTORY TO COUNSEL
      FOR THE COMPANY (OR A NO-ACTION OR INTERPRETIVE LETTER FROM THE UNITED STATES
      SECURITIES AND EXCHANGE COMMISSION) TO THE EFFECT THAT SUCH REGISTRATION IS
      NOT
      REQUIRED UNDER THE CIRCUMSTANCES OF SUCH SALE, TRANSFER, ASSIGNMENT OR
      HYPOTHECATION.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
      2.16 Acquisition for Investment.
      The
      Zeros Common Shares to be delivered pursuant to this Agreement are being
      acquired by the RHC Shareholders for investment and not with a view to or for
      sale in connection with any distribution thereof. 

    

    ARTICLE
      III

     

    EXCHANGE
      PROCEDURE; CLOSING

    

    Section
      3.1 Share
      Exchange/Delivery of RHC Shares.
      At the
      Closing, the holders of RHC Shares (or any other outstanding security of RHC,
      including, but not limited to, options, warrants, conversion rights or other
      equity interests) shall deliver to Zeros (i) certificates or other documents
      evidencing all of the issued and outstanding RHC Shares (and any other
      outstanding security of RHC, including, but not limited to, options warrants,
      conversion rights or other equity interests), duly endorsed in blank or with
      executed powers attached thereto in transferable form, such that RHC shall
      become a wholly owned subsidiary of Zeros as of the Closing. 

    

    Section
      3.2 Issuance
      of Zeros Common Shares. In
      exchange for all of the RHC Shares delivered to Zeros pursuant to Section 3.1
      above, Zeros shall issue one thousand shares for each RHC Share, for an
      aggregate of 48,235,000 "restricted" Zeros Common Shares to the RHC
      Shareholders, with each such RHC Shareholder to receive that number of Zeros
      Common Shares set forth opposite such RHC Shareholder’s name on Schedule I
      hereto. Such shares shall be "restricted" in accordance with Rule 144 of the
      Securities Act of 1933.

    

    Section
      3.3 Closing. The
      closing of the transactions contemplated by this Agreement (the “Closing”) shall
      take place at 10:00 am Pacific Time at the offices of Richardson & Patel
      LLP, 10900 Wilshire Blvd, Suite 500, Los Angeles, California be on or before
      May
      10, 2006 or on such other date as may be mutually agreed upon by the parties
      (the “Closing Date”).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    ARTICLE
      IV

    

    DIRECTORS

    

    Section
      4.1 Directors
      of RHC After Acquisition.
      Deleted. 

    

    ARTICLE
      V

     

    SPECIAL
      COVENANTS

    

    Section
      5.1 Access
      to Properties and Records.
      Prior to
      the Closing, RHC will afford to the officers and authorized representatives
      of
      Zeros the full access to the properties, books and records of RHC, in order
      that
      Zeros may have full opportunity to make such reasonable investigation as it
      shall desire to make of the affairs of RHC, and will furnish Zeros with such
      additional financial and operating data and other information as to the business
      and properties of RHC as Zeros shall from time to time reasonably
      request.

     

    Section
      5.2 Mutual
      Release with Fairbairn.
      Scott
      Fairbairn and Zeros, and, as the case may be, its/his past and present
      employees, officers, directors, agents, executors, administrators, trustees,
      partners, members, managers, representatives, parents, subsidiaries, controlled
      entities and affiliates, successors and assigns, forever discharge and release
      the other party, Zeros or Scott Fairbairn, as the case may be, and each of
      its/his past and present employees, officers, directors, agents, attorneys,
      insurers, representatives, assigns, subsidiaries, parents, predecessors,
      successors and related entities from any and all claims, damages, actions,
      judgments, obligations, attorneys' fees, indemnities, subrogations, duties,
      demands, controversies and liabilities of every nature at law or in equity,
      liquidated, or unliquidated, known or unknown, matured or unmatured, foreseeable
      or unforeseeable, which they had or have arising out of any circumstance, thing,
      or event alleged, or arising out of the Agreement of Purchase and Sale of Assets
      entered into by and between Zeros and Fairbairn as of November 18,
      2003.

    

    Section
      5.3 Mutual
      Release with Laisure.
      Mark
      Laisure and Zeros, and, as the case may be, its/his past and present employees,
      officers, directors, agents, executors, administrators, trustees, partners,
      members, managers, representatives, parents, subsidiaries, controlled entities
      and affiliates, successors and assigns, forever discharge and release the other
      party, Zeros or Laisure, as the case may be, and each of its/his past and
      present employees, officers, directors, agents, attorneys, insurers,
      representatives, assigns, subsidiaries, parents, predecessors, successors and
      related entities from any and all claims, damages, actions, judgments,
      obligations, attorneys' fees, indemnities, subrogations, duties, demands,
      controversies and liabilities of every nature at law or in equity, liquidated,
      or unliquidated, known or unknown, matured or unmatured, foreseeable or
      unforeseeable, which they had or have arising out of any circumstance, thing,
      or
      event alleged, or arising out of any verbal or written agreement for Zeros
      to
      acquire shares or assets of M Holdings, Inc., a California corporation entered
      into in 2003.

    

    Section
      5.4 Registration
      Rights.
      If (but
      without any obligation to do so) Zeros proposes to register (including for
      this
      purpose a registration effected by Zeros for stockholders other than the RHC
      Shareholder (each a “Purchaser”)) any of its stock or other securities under the
      Securities Act in connection with the public offering of such securities solely
      for cash (other than a registration relating solely to the sale of securities
      to
      participants in an S-8, S-4, or any other registration on any form which does
      not include substantially the same information as would be required to be
      included in a registration statement covering the sale of the Zeros common
      stock
      acquired by Purchaser (“Registrable Securities”) or a registration in which the
      only Common Stock being registered is Common Stock issuable upon conversion
      of
      debt securities which are also being registered), Zeros shall, at such time,
      promptly give each Purchaser written notice of such registration. Upon the
      written request of each Purchaser given within fourteen (14) days after mailing
      of such notice by Zeros, Zeros shall, use its best efforts to cause to be
      registered under the Securities Act all of the Registrable Securities that
      such
      Purchaser has requested to be registered.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

    ARTICLE
      VI

    

    CONDITIONS
      PRECEDENT TO OBLIGATIONS OF ZEROS

    

    The
      obligations of Zeros under this Agreement are subject to the satisfaction,
      at or
      before the Closing, of the following conditions:

    

    Section
      6.1 Accuracy
      of Representations. The
      representations and warranties made by RHC in this Agreement were true when
      made
      and shall be true at the Closing with the same force and effect as if such
      representations and warranties were made at the Closing (except for changes
      therein permitted by this Agreement), and RHC shall have performed or complied
      with all covenants and conditions required by this Agreement to be performed
      or
      complied with by RHC prior to or at the Closing. 

    

    Section
      6.2 Shareholder
      and Director Approval. All
      of
      the directors and all of the holders of the issued and outstanding shares of
      Common Stock of RHC shall have approved this Agreement and the transactions
      contemplated hereby.

    

    Section
      6.3 No
      Material Adverse Change. Prior
      to
      the Closing Date, there shall not have occurred any material adverse change
      in
      the financial condition, business or operations of, nor shall any event have
      occurred which, with the lapse of time or the giving of notice, may cause or
      create any material adverse change in the financial condition, business or
      operations of RHC.

    

    Section
      6.4 Other
      Items. Zeros
      shall have received such further documents, certificates or instruments relating
      to the transactions contemplated hereby as Zeros may reasonably
      request.

    

    ARTICLE
      VII

    

    CONDITIONS
      PRECEDENT TO OBLIGATIONS OF RHC 

    

    The
      obligations of RHC under this Agreement are subject to the satisfaction, at
      or
      before the Closing (unless otherwise indicated herein), of the following
      conditions:

    

    Section
      7.1 Accuracy
      of Representations. The
      representations and warranties made by Zeros in this Agreement were true when
      made and shall be true as of the Closing (except for changes therein permitted
      by this Agreement) with the same force and effect as if such representations
      and
      warranties were made at and as of the Closing, and Zeros shall have performed
      and complied with all covenants and conditions required by this Agreement to
      be
      performed or complied with by Zeros prior to or at the Closing. 

    

    Section
      7.2 Director
      Approval.
      The
      board of directors of Zeros shall have approved this Agreement and the
      transactions contemplated hereby.

    

    Section
      7.3 No
      Material Adverse Change. 
      Prior to
      the Closing, there shall not have occurred any material adverse change in the
      financial condition, business or operations or nor shall any event have occurred
      which, with the lapse of time or the giving of notice, may cause or create
      any
      material adverse change in the financial condition, business or operations
      of
      Zeros.

    

    Section
      7.4 Other
      Items. RHC
      shall
      have received such further documents, certificates or instruments relating
      to
      the transactions contemplated hereby as RHC may reasonably request.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    ARTICLE
      VIII

    

    MISCELLANEOUS

    

    Section
      8.1 Brokers
      and Finders. Each
      party hereto hereby represents and warrants that it is under no obligation,
      express or implied, to pay any commission, brokerage or finder’s fees in
      connection with the bringing of the parties together in the negotiation,
      execution, or consummation of this Agreement. The parties each agree to
      indemnify the other against any claim by any third person for any commission,
      brokerage or finder's fee or other payment with respect to this Agreement or
      the
      transactions contemplated hereby based on any alleged agreement or understanding
      between the indemnifying party and such third person, whether express or implied
      from the actions of the indemnifying party.

    

    Section
      8.2 Governing
      Law.
      This
      Agreement shall be construed and interpreted in accordance with the laws of
      the
      State of California.

    

    Section
      8.3 Notices.
      Any
      notices or other communications required or permitted hereunder shall be deemed
      sufficiently given if personally delivered to it or sent by registered mail
      or
      certified mail, postage prepaid, or by prepaid telegram addressed as
      follows:

    

    If
      to
      Zeros: Mr.
      Mark
      Laisure

    Zeros
      and
      Ones, Inc.

    Chief
      Executive Officer

    1327
      Ocean Avenue

    Suite
      E

    Santa
      Monica, California 90401

    

     

    If
      to RHC
      : Mr.
      Scott
      Fairbairn

    Rocketstream
      Holding Corporation

    Chief
      Executive Officer

    27
      West
      Anapamu Street, Suite 252

    Santa
      Barbara, California 93101

    

     

    or
      such
      other addresses as shall be furnished in writing by any party in the manner
      for
      giving notices hereunder, and any such notice or communication shall be deemed
      to have given as of the date so delivered, mailed or telegraphed.

    

    Section
      8.4 Attorneys'
      Fees.
      In the
      event that any party institutes any action or suit to enforce this Agreement
      or
      to secure relief from any default hereunder or breach hereof, the breaching
      party or parties shall reimburse the non-breaching party or parties for all
      costs, including reasonable attorneys' fees, incurred in connection therewith
      and in enforcing or collecting any judgment rendered therein.

    

    Section
      8.5 Entire
      Agreement.
      This
      Agreement represents the entire agreement between the parties relating to the
      subject matter hereof. This Agreement alone fully and completely expresses
      the
      agreement of the parties relating to the subject matter hereof. There are no
      other courses of dealing, understanding, agreements, representations or
      warranties, written or oral, except as set forth herein. This Agreement may
      not
      be amended or modified, except by a written agreement signed by all parties
      hereto.

    

    Section
      8.6 Survival;
      Termination.
      The
      representations, warranties and covenants of the respective parties shall
      survive the Closing Date and the consummation of the transactions herein
      contemplated for six (6) months from the Closing Date.

    

    Section
      8.7 Counterparts.
      This
      Agreement may be executed in counterparts, each of which shall be deemed an
      original and all of which taken together shall be but a single
      instrument.

    

    Section
      8.8 
      Amendment or Waiver.
      Every
      right and remedy provided herein shall be cumulative with every other right
      and
      remedy, whether conferred herein, at law, or in equity, and may be enforced
      concurrently herewith, and no waiver by any party of the performance of any
      obligation by the other shall be construed as a waiver of the same or any other
      default then, theretofore, or thereafter occurring or existing. At any time
      prior to the Closing Date, this Agreement may be amended by a writing signed
      by
      all parties hereto, with respect to any of the terms contained herein, and
      any
      term or condition of this Agreement may be waived or the time for performance
      hereof may be extended by a writing signed by the party or parties for whose
      benefit the provision is intended.

    

    Section
      8.9 Incorporation
      of Recitals.
      All of
      the recitals hereof are incorporated by this reference and are made a part
      hereof as though set forth at length herein.

    

    Section
      8.10 Expenses.
      Each
      party hereto shall bear all of their respective costs and expenses incurred
      in
      connection with the negotiation of this Agreement and in the consummation of
      the
      transactions contemplated hereby and the preparation hereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Section
      8.11 Headings;
      Context.
      The
      headings of the sections and paragraphs contained in this Agreement are for
      convenience of reference only and do not form a part hereof and in no way
      modify, interpret or construe the meaning of this Agreement.

    

    Section
      8.12 Assignment.
      This
      Agreement shall not be assigned by any party without the prior written consent
      of the other parties. 

     

    Section
      8.14 Severability. In
      the
      event that any particular provision or provisions of this Agreement or the
      other
      agreements contained herein shall for any reason hereafter be determined to
      be
      unenforceable, or in violation of any law, governmental order or regulation,
      such unenforceability or violation shall not affect the remaining provisions
      of
      such agreements, which shall continue in full force and effect and be binding
      upon the respective parties hereto.

    

    Section
      8.15 Construction.
      The
      language of this Agreement shall not be construed for or against any party
      hereto, regardless of who drafted or was principally responsible for drafting
      the Agreement or terms or conditions hereof.

    

    Section
      8.16 Execution
      Knowing and Voluntary.
      In
      executing this Agreement, the parties severally acknowledge and represent that
      each: (a) has fully and carefully read and considered this Agreement; (b) has
      been or has had the opportunity to be fully apprized by legal counsel of the
      effect and meaning of this document and all terms and conditions hereof; and
      (c)
      is executing this Agreement voluntarily, free from any influence, coercion
      or
      duress of any kind.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Share Exchange Agreement to be duly executed
      by
      their duly authorized representatives as of the date first above
      written.

    

    
      	
              ZEROS
                & ONES, INC.

               

               

              By:
                _____________________________________

              Mark
                M. Laisure, President and CEO

            	
              ROCKETSTREAM
                HOLDING CORPORATION

               

               

              By:
                _____________________________________

              Scott
                Fairbairn, Chief Executive Officer

            
	 	 
	
              RHC
                SHAREHOLDER SIGNATURE

               

              See
                Attached Schedule I

              Print
                SSN or Taxpayer ID of Rocketstream Holding Corporation
                Shareholder

            	
               

               

              See
                Attached Schedule I

              Print
                Name of Rocketstream Holding Corporation Shareholder

            
	 	 
	
              Shareholder
                is a(n):

               

              ____
                individual

              ____
                tenants in the entirety

              ____
                corporation (an officer must sign)

              ____
                partnership (all general partners must sign)

              ____
                trust

              ____
                limited liability company

            	
               

              19,235
                shares of Rocketstream Holding Corporation common stock held

               

              State
                of Shareholder’s Residence: 

              See
                Attached Schedule I

            
	
               

              
                

              

              Print
                Name of Joint Shareholder

              (if
                applicable)

            
	
               

                

              

              Signature
                of Attorney-In-Fact and 

              Proxy
                Holder Scott Fairbairn

            
	
               

              Attorney-in-Fact
                and Proxy Holder

              Print
                Title of Signing Person

              (if
                signatory is a corporation, partnership or other similar
                entity)

            
	
               

               

                

              

              Signature
                of Joint Shareholder

            
	
              Address
                of Shareholder:

               

               

                

              

               

                

              

               

              Facsimile
                No.:    

               

            
	 
	 

    

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE
      I

    

    LIST
      OF RHC SHAREHOLDERS

    
      	
              Andrew
                Ackerman

            	
              200,000

            
	
              Eric
                Alterman

            	
              100,000

            
	
              Lisa
                Ammons

            	
              100,000

            
	
              Christopher
                Ashe

            	
              600,000

            
	
              Andrew
                Keith Barefoot

            	
              1,500,000

            
	
              Douglas
                S. Bennett

            	
              15,000

            
	
              Kenneth
                Best

            	
              25,000

            
	
              Matthew
                Bigge

            	
              60,000

            
	
              Christopher
                Y. DuShane

            	
              50,000

            
	
              Carroll
                Edwards

            	
              750,000

            
	
              Jeffrey
                Garren Edwards

            	
              200,000

            
	
              Tina
                Edwards

            	
              150,000

            
	
              Keri
                Suzanne Everett

            	
              180,000

            
	
              David
                Hunter Fairbairn

            	
              40,000

            
	
              Scott
                Allen Fairbairn

            	
              15,000,000

            
	
              Frederic
                Fernand Fouassier

            	
              1,500,000

            
	
              Goldman
                Enterprises

            	
              500,000

            
	
              Stephen
                & Kathleen Guarino

            	
              2,000,000

            
	
              John
                Henry Hawkins

            	
              1,500,000

            
	
              J2
                Ventures, LLC.

            	
              1,000,000

            
	
              John
                La Rue

            	
              30,000

            
	
              Daniel
                S. Laikin

            	
              240,000

            
	
              Bronwyn
                Leigh Laisure

            	
              1,000,000

            
	
              Mark
                M. Laisure

            	
              14,000,000

            
	
              Lamoi
                International Limited

            	
              500,000

            
	
              Jose
                Luis Redublo Laraya

            	
              30,000

            
	
              Wendy
                LaTorre

            	
              100,000

            
	
              William
                LaTorre

            	
              250,000

            
	
              Murray
                A. Lewis

            	
              480,000

            
	
              Vickey
                Lewis

            	
              30,000

            
	
              William
                J. MacDonald

            	
              300,000

            
	
              Leodis
                C. Matthews

            	
              15,000

            
	
              Lee
                A. Mezrah

            	
              75,000

            
	
              Leon
                Morris Mezrah

            	
              300,000

            
	
              David
                Nguyen

            	
              400,000

            
	
              Victor
                T. Paul

            	
              30,000

            
	
              Ernest
                Poje

            	
              30,000

            
	
              Candace
                and Rodney Rodriguez

            	
              100,000

            
	
              John
                Mark Roesch

            	
              145,000

            
	
              Reno
                R. Rolle'

            	
              500,000

            
	
              Gary
                Sallee

            	
              25,000

            
	
              Jeanette
                Secor

            	
              100,000

            
	
              Cindy
                Simpson

            	
              60,000

            
	
              Lorraine
                C. Spurge

            	
              50,000

            
	
              Stephen
                J. Steller

            	
              540,000

            
	
              Stanley
                Stevens

            	
              1,500,000

            
	
              Mark
                Clement Thomas

            	
              20,000

            
	
              Christopher
                R. Williams

            	
              25,000

            
	
              Stephen
                Winokur

            	
              600,000

            
	
              Andrew
                Taylor Wren

            	
              1,000,000

            
	
              Joel
                Yanchuck

            	
              200,000

            
	
              Joseph
                A. Zock

            	
              90,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}]]