Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Worldbid Corporation - Exhibit 10.1

AGREEMENT AND PLAN OF MERGER

          THIS
AGREEMENT AND PLAN OF MERGER (the “Agreement”) is entered into on the 23rd
day of August, 2006 by WORLDBID CORPORATION, a Nevada corporation
(“Worldbid”) and ROYALITE PETROLEUM CORP., a Nevada corporation
(“Royalite”).

PRELIMINARY STATEMENTS

          The
Boards of Directors of Worldbid and Royalite deem it desirable and in the best
interests of their respective shareholders that Royalite be merged with and into
Worldbid (the “Merger”) on the terms and conditions of this Agreement.

          The
Boards of Directors of Worldbid and Royalite, by resolutions duly adopted, have
approved and adopted this Agreement. 

          In
consideration of the mutual benefits to be derived from the Merger and the
respective representations, warranties, covenants and agreements contained in
this Agreement, the parties agree as follows:

STATEMENT OF TERMS

SECTION 1 
THE MERGER

          1.1     
The Merger. At the Effective Time (as defined in Section 1.3 below),
Royalite will be merged with and into Worldbid in accordance with this
Agreement, the Articles of Merger substantially in the form of Exhibit A
attached to this Agreement (the “Articles of Merger”), and the applicable
provisions of Chapter 92A of the Nevada Revised Statutes (the “Nevada Law”).
Following the Merger, Worldbid will continue as the surviving corporation
(“Surviving Corporation”) and the separate existence of Royalite will cease,
except insofar as it may be continued by the Nevada Law.

          1.2     
Closing. As soon as practicable following the satisfaction or waiver of
the conditions set forth in Section 5 of this Agreement, and provided that this
Agreement has not been terminated pursuant to Section 7, the parties to this
Agreement will hold a closing (the “Closing”) for the purpose of confirming the
consummation of the Merger at a time and date mutually agreed upon by the
parties. Unless otherwise agreed by the parties, the Closing will be held at the
offices of Royalite Petroleum Corp., 2215 Lucerne Circle, Henderson, NV 89014.
The date on which the Closing actually occurs is referred to as the “Closing
Date.” At the Closing, the parties will execute and exchange all documents,
certificates and instruments contemplated by this Agreement. The parties agree
to use commercially reasonable efforts and all due diligence to cause the
Closing to be consummated on or before January 31, 2007 unless such date is
extended by the mutual agreement of the parties.

          1.3     
Effective Time of the Merger. The Merger will be effective at the time
(the “Effective Time”) of the filing of the Articles of Merger with the
Secretary of State of the State of Nevada, which certificate is to be filed as
soon as practicable on or after the Closing Date.

          1.4      Effect
of the Merger. The Merger will have the effects set forth in Section 92A.250
of the Nevada Law. Without limiting the generality of the foregoing, and subject
thereto, at the Effective Time all the property, rights, privileges, powers and
franchises of Worldbid and Royalite will vest in the Surviving Corporation
without further act or deed, and all debts, liabilities and duties of Worldbid
and Royalite will become the debts, liabilities and duties of the Surviving
Corporation.

          1.5      Articles
of Incorporation; Bylaws.

                    (a)      The
Articles of Incorporation of Worldbid as in effect immediately prior to the
Effective Time will continue unchanged, except to the extent amended by the
Articles of Merger, and will be the Articles of Incorporation of the Surviving
Corporation until thereafter amended in accordance with the 

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terms thereof and in accordance with applicable law. The
Articles of Merger will effect a name change of the Surviving Corporation to
Royalite Petroleum Company Inc.

                    (b)      At
the Effective Time, the bylaws of Worldbid, as in effect immediately prior to
the Effective Time, will be the bylaws of the Surviving Corporation until
thereafter amended in accordance with the terms thereof and in accordance with
applicable law.

          1.6      Directors
and Officers. The directors and officers of the Surviving Corporation after
the Effective Time will be the following persons:

	Name 	Position 
	Michael L. Cass 	Director, President and Chief
      Executive Officer 
	William Charles Tao 	Director 
	K. Ian Matheson 	Director 
	Logan B. Anderson 	Director, Vice President of
      Finance and Chief Financial Officer 
	Derek R. Van Laare 	Director and Secretary
  

          1.7     
Taking of Necessary Action. If after the Effective Time any further
action is necessary to carry out the purposes of this Agreement or to vest
Surviving Corporation with full title to all assets, rights, approvals,
immunities and franchises of either Worldbid or Royalite, and the officers and
directors of Worldbid and Royalite and Surviving Corporation will take all such
necessary action.

SECTION 2
PAYMENT OF MERGER CONSIDERATION

          2.1     
Merger Consideration.

                    (a)     
Conversion of Royalite Common Stock. Each share of Royalite common stock,
par value $0.001 per share (“Royalite Common Stock”) issued and outstanding
immediately prior to the Effective Time (other than Dissenting Shares, as
defined in Section 2.3) will, by virtue of the Merger and without any action on
the part of the holder thereof, be converted into one (1) share of Worldbid
Common Stock (as defined in Section 4.3) (the “Merger Shares”).

          2.2      Conversion
Procedure.

                    (a)      Stock
Certificate Conversion Procedure. After the Effective Time, each holder of
Royalite Common Stock will be entitled to exchange his, her, or its certificate
representing the Royalite Common Stock (“Royalite Stock Certificate”) for a
certificate representing the number of shares of Worldbid Common Stock into
which the number of shares of Royalite Stock previously represented by such
certificate surrendered have been converted pursuant to Section 2.1(a) of this
Agreement. Each holder of Royalite Common Stock may exchange his, her or its
Royalite Stock Certificate by delivering it to Worldbid duly endorsed in blank
(or accompanied by duly executed stock powers duly endorsed in blank), in each
case in proper form for transfer, with signatures guaranteed, and, if
applicable, with all stock transfer and any other required documentary stamps
affixed thereto and with appropriate instructions to allow the transfer agent to
issue certificates for the Worldbid Common Stock to the holder thereof, together
with: (i) a Certificate of Non-U.S. Shareholder (if such holder is resident
outside of the United States), a copy of which is attached hereto as
Disclosure Schedule 2.2A, or (ii) a Certificate of U.S. Shareholder (if
such holder is resident in the United States), a copy of which is attached
hereto as Disclosure Schedule 2.2B. Until surrendered as contemplated by
this Section 2.2, each Royalite Stock Certificate will be deemed at any time
after the Effective Time to represent only the right to receive Worldbid Common
Stock certificates representing the number of whole shares of Worldbid Common
Stock into which the shares of Royalite Common Stock formerly represented by
such certificate have been converted. Upon receipt of such duly endorsed
Royalite Stock Certificates, Worldbid will cause the issuance of the number of
shares of Worldbid Common Stock as converted pursuant to Section 2.1(a) of this
Agreement.

          2.3      Appraisal
Rights. Notwithstanding any provision of this Agreement to the contrary,
shares of Royalite Common Stock (“Dissenting Shares”) that are issued and
outstanding immediately prior to the 

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Effective Time and held by stockholders who did not vote in
favor of the Merger and who comply with all of the relevant provisions of the
Nevada Law (the “Royalite Dissenting Stockholders”) will not be converted into
or be exchangeable for the right to receive Worldbid Common Stock, unless and
until such holders will have failed to perfect or will have effectively
withdrawn or lost their rights to appraisal under the Nevada Law. Royalite will
give Worldbid (i) immediate oral notice followed by prompt written notice of any
written demands for appraisal of any shares of Royalite Common Stock, attempted
withdrawals of any such demands and any other instruments served pursuant to the
Nevada Law and received by Royalite relating to stockholders' rights of
appraisal, and (ii) the will keep Worldbid informed of the status of all
negotiations and proceedings with respect to demands for appraisal under the
Nevada Law. If any Royalite Dissenting Stockholder fails to perfect or will have
effectively withdrawn or lost the right to appraisal, the shares of Royalite
Common Stock held by such Dissenting Stockholder will thereupon be treated as
though such shares had been converted into the right to receive Worldbid Common
Stock pursuant to Section 2.1 of this Agreement.

          2.4      No
Further Ownership Rights in Royalite Stock. The promise to exchange the
Royalite Common Stock for shares of Worldbid Common Stock in accordance with the
terms of this Section 2 will be deemed to have been given in full satisfaction
of all rights pertaining to the Royalite Common Stock, and there will be no
further registration of transfers on the stock transfer books of Royalite of the
shares of Royalite Common Stock that were outstanding immediately prior to the
Effective Time. From and after the Effective Time, the holders of Royalite
Common Stock outstanding immediately prior to the Effective Time will cease to
have any rights with respect to such Royalite Common Stock, except as otherwise
provided in this Agreement or by law.

          2.5     
Distributions with Respect to Unsurrendered Royalite Stock. No dividends
or other distributions with a record date after the Effective Time will be paid
to the holder of any unsurrendered Royalite Stock Certificate until the
surrender of such Royalite Stock Certificate in accordance with Section 2.2 of
this Agreement. Following surrender of any such Royalite Stock Certificate,
Worldbid will pay to the holder of the Worldbid Common Stock certificate issued
in exchange the Royalite Stock Certificate, without interest, (i) at the time of
such surrender, the amount of dividends or other distributions with a record
date after the Effective Time previously paid with respect to such Worldbid
Common Stock which such holder is entitled pursuant to Section 2.1 of this
Agreement, and (ii) at the appropriate payment date, the amount of dividends or
other distributions with a record date after the Effective Time but prior to
such surrender and with a payment date subsequent to such surrender payable with
respect to such Worldbid Common Stock.

          2.6      No
Liability. Neither Worldbid, nor Surviving Corporation will be liable to any
person in respect of shares of Royalite Common Stock, or dividends or
distributions with respect thereto, pursuant to any applicable abandoned
property, escheat or similar law. If any Royalite Stock Certificate has not have
been surrendered prior to seven years after the Effective Time (or immediately
prior to such earlier date on which any Royalite Stock Certificate, or any
dividends or distributions payable to the holder of such Royalite Stock
Certificate would otherwise escheat to or become the property of any
governmental body or authority), any such Worldbid Common Stock, dividends or
distributions in respect of such Royalite Stock Certificate will, to the extent
permitted by applicable law, become the property of Surviving Corporation, free
and clear of all claims or interest of any person previously entitled to such
certificate

          2.7     
Lost, Stolen or Destroyed Certificates. If any certificate representing
Royalite Common Stock has been lost, stolen or destroyed, upon the making of an
affidavit of that fact by the person claiming such certificate or agreement to
be lost, stolen or destroyed and, if required by Worldbid, the posting by such
person of a bond in such reasonable amount as Worldbid may direct as indemnity
against any claim that may be made against it with respect to such certificate,
Worldbid will cause to be issued in exchange for such lost, stolen or destroyed
certificate, the applicable Worldbid Common Stock deliverable in respect
thereof, pursuant to Section 2.1 of this Agreement.

SECTION 3
REPRESENTATIONS OF ROYALITE

          Royalite
represents and warrants to Worldbid and acknowledges that Worldbid is relying
upon such representations and warranties, in connection with the execution,
delivery and performance of this Agreement, notwithstanding any investigation
made by or on behalf of Worldbid:

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          3.1      Organization
and Good Standing. Royalite is a corporation duly organized, validly
existing and in good standing under the laws of its jurisdiction and has all
requisite corporate power and authority to own, lease and to carry on its
business as now being conducted. Royalite is duly qualified to do business and
is in good standing as a foreign corporation in each of the jurisdictions in
which it owns property, leases property, does business, or is otherwise required
to do so, where the failure to be so qualified would have a material adverse
effect on the business of Royalite taken as a whole.

          3.2      Authority.
Royalite has all requisite corporate power and authority to execute and deliver
this Agreement, the Articles of Merger, and any other document contemplated by
this Agreement or the Merger (collectively, the “Merger Documents”) to be signed
by Royalite and to perform its obligations thereunder and to consummate the
transactions contemplated thereby. The execution and delivery of each of the
Merger Documents by Royalite and the consummation by Royalite of the
transactions contemplated thereby have been duly authorized by its Board of
Directors and, by the Closing Date will have been adopted and approved by the
Royalite Stockholders and, subject to such stockholder approval, no other
corporate or shareholder proceedings on the part of Royalite are necessary to
authorize such documents or to consummate the transactions contemplated
thereby.

          3.3     
Capitalization of Royalite. The entire authorized capital stock and other
equity securities of Royalite (the “Royalite Stock”) consists of Two Hundred
Million (200,000,000) shares, comprised of One Hundred Million (100,000,000)
shares of Common Stock, with a par value of $0.001 per share, and One Hundred
Million (100,000,000) shares of Preferred Stock, with a par value of $0.001 per
share. There are 24,960,667 shares of Royalite Common Stock are issued and
outstanding and no shares of Preferred Stock are issued and outstanding. All of
the issued and outstanding shares of Royalite Stock have been duly authorized,
are validly issued, were not issued in violation of any pre-emptive rights and
are fully paid and non-assessable, are not subject to pre-emptive rights and
were issued in full compliance with all federal, state, and local laws, rules
and regulations. There are no outstanding options, warrants, subscriptions,
phantom shares, conversion rights, or other rights, agreements, or commitments
obligating Royalite to issue any additional shares of Royalite Stock, or any
other securities convertible into, exchangeable for, or evidencing the right to
subscribe for or acquire from Royalite any shares of Royalite Stock. There are
no agreements purporting to restrict the transfer of the Royalite Stock, no
voting agreements, voting trusts, or other arrangements restricting or affecting
the voting of the Royalite Stock.

          3.4      Title
to Royalite Stock. Disclosure Schedule 3.4 contains a true and
complete description of the capitalization of Royalite including the dates of
issuance and prices of issuance of all outstanding shares of Royalite’s common
stock. 

          3.5      Subsidiaries.
Royalite does not have any subsidiaries or agreements of any nature to acquire
any subsidiary or to acquire or lease any other business operations and will not
prior to the Closing Date acquire, or agree to acquire, any subsidiary or
business without the prior written consent of Worldbid.

         3.6      Noncontravention.
Neither the execution, delivery and performance of the Merger Documents, nor the
consummation of the Merger, will:

                    (a)      Conflict
with, result in a violation of, cause a default under (with or without notice,
lapse of time or both) or give rise to a right of termination, amendment,
cancellation or acceleration of any obligation contained in or the loss of any
material benefit under, or result in the creation of any lien, security
interest, charge or encumbrance upon any of the material properties or assets of
Royalite or any Subsidiary under any term, condition or provision of any loan or
credit agreement, note, debenture, bond, mortgage, indenture, lease or other
agreement, instrument, permit, license, judgment, order, decree, statute, law,
ordinance, rule or regulation applicable to Royalite or any Subsidiary, or any
of its respective property or assets;

                    (b)      Violate
any provision of the Articles of Incorporation or bylaws of Royalite; or

                    (c)      Violate
any order, writ, injunction, decree, statute, rule, or regulation of any court
or governmental or regulatory authority applicable to Royalite or any Subsidiary
or any of its respective property or assets.

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          3.7     
Actions and Proceedings. There is no claim, charge, arbitration,
grievance, action, suit, investigation or proceeding by or before any court,
arbiter, administrative agency or other governmental authority now pending or,
to the best knowledge of Royalite, threatened against Royalite or which involves
any of the business, or the properties or assets of Royalite that, if adversely
resolved or determined, would have a material adverse effect on the business,
operations, assets, properties, prospects, or conditions of Royalite taken as a
whole (“Royalite Material Adverse Effect”). There is no reasonable basis for any
claim or action that, based upon the likelihood of its being asserted and its
success if asserted, would have such a Royalite Material Adverse Effect.

          3.8      Compliance.

                    (a)      Royalite
is in compliance with, are not in default or violation in any material respect
under, and have not been charged with or received any notice at any time of any
material violation by it of, any statute, law, ordinance, regulation, rule,
decree or other applicable regulation to the business or operations of
Royalite;

                    (b)      Royalite
has duly filed all reports and returns required to be filed by it with
governmental authorities and has obtained all governmental permits and other
governmental consents, except as may be required after the execution of this
Agreement. All of such permits and consents are in full force and effect, and no
proceedings for the suspension or cancellation of any of them, and no
investigation relating to any of them, is pending or to the best knowledge of
Royalite, threatened, and none of them will be adversely affected by the
consummation of the transactions contemplated hereby.

          3.9     
Filings, Consents and Approvals. Except for any filings required by
applicable securities laws, the filing of the Articles of Merger pursuant to the
Nevada Law and the approval of the Royalite Stockholders, no filing or
registration with, no notice to and no permit, authorization, consent, or
approval of any public or governmental body or authority or other person or
entity is necessary for the consummation by Royalite of the transactions
contemplated by this Agreement or to enable the Surviving Corporation to
continue to conduct Royalite’s business after the Closing Date in a manner which
is consistent with that in which it is presently conducted.

          3.10      Financial
Representations. Attached to this Agreement as Disclosure Schedule 3.10
is a true, correct, and complete copy of an unaudited balance sheet for
Royalite dated as of April 30, 2006, together with related statement of
operations and statement of cash flows (collectively, the “Financial
Statements”). The Financial Statements (i) are in accordance with the books and
records of Royalite and (ii) present fairly the financial condition of Royalite
as of the respective dates indicated and the results of operations for such
periods. Royalite has not received any advice or notification from its
accountants that Royalite has used any improper accounting practice that would
have the effect of not reflecting or incorrectly reflecting in the Financial
Statements or the books and records of Royalite, any properties, assets,
liabilities, revenues, or expenses. The books, records, and accounts of Royalite
accurately and fairly reflect, in reasonable detail, the transactions, assets,
and liabilities of Royalite. Royalite has not engaged in any transaction,
maintained any bank account, or used any funds of Royalite, except for
transactions, bank accounts, and funds which have been and are reflected in the
normally maintained books and records of Royalite.

         3.11     
Absence of Undisclosed Liabilities. Royalite has no liabilities or
obligations either direct or indirect, matured or unmatured, absolute,
contingent or otherwise, which:

                    (a)      are
not set forth in the Financial Statements or have not heretofore been paid or
discharged;

                    (b)      did
not arise in the regular and ordinary course of business under any agreement,
contract, commitment, lease or plan specifically disclosed (or are not required
to be disclosed in accordance with GAAP); or

                
  (c)      have not been incurred in amounts
and pursuant to practices consistent with past business practice, in or as a
result of the regular and ordinary course of its business since the date of the
Financial Statements.

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          For
purposes of this Agreement, the term “liabilities” includes, any direct or
indirect indebtedness, guaranty, endorsement, claim, loss, damage, deficiency,
cost, expense, obligation or responsibility, fixed or unfixed, known or unknown,
liquidated or unliquidated, secured or unsecured.

          3.12     
Tax Matters. “Tax” or “Taxes” means any and all taxes, charges, fees,
levies, duties or other assessments whether federal, state, local or foreign,
based upon or measured by income, capital, net worth or gain and any other tax
including, recapture, gross receipts, profits. sales, use, occupation, use and
occupancy, value added, ad valorem, customers, transfer, franchise, shares,
withholding, payroll, employment, excise, or property taxes with respect to
Royalite, together with any interest, fines, penalties and additions to tax
imposed with respect thereto.

                    (a)      As
of the date hereof, (i) Royalite has timely filed all Tax returns which are
required to be filed on or prior to the date hereof, taking into account any
extensions of the filing deadlines which have been validly granted to them; and
(ii) all such returns are true and correct in all material respects.

                    (b)     
Royalite has paid all Taxes that have become or are due with respect to any
period ended on or prior to the date hereof, and has established an adequate
reserve therefore on its balance sheet for those Taxes not yet due and
payable.

                    (c)      Royalite
is not presently under, nor has Royalite received notice of, any contemplated
investigation or audit by the Internal Revenue Service or any foreign or state
taxing authority concerning any fiscal year or period ended prior to the date
hereof.

                    (d)      All
Taxes required to be withheld on or prior to the date hereof from employees for
income Taxes, social security Taxes, unemployment Taxes and other similar
withholding Taxes have been properly withheld and, if required on or prior to
the date hereof, have been deposited with the appropriate governmental
agency.

                    (e)      Royalite
is not a party to any tax-sharing agreements or similar contracts or
arrangements.

          3.13     
Absence of Changes. Since April 30, 2006, Royalite has not:

                    (a)      incurred
any liabilities, other than liabilities incurred in the ordinary course of
business consistent with past practice, or discharged or satisfied any lien or
encumbrance, or paid any liabilities, other than in the ordinary course of
business consistent with past practice, or failed to pay or discharge when due
any liabilities of which the failure to pay or discharge has caused or will
cause any material damage or risk of material loss to it or any of its assets or
properties;

                    (b)      sold,
encumbered, assigned or transferred any fixed assets or properties which would
have been included in the assets of Royalite if the closing had been held on
April 30, 2006 or on any date since then, except for ordinary course of business
transactions consistent with past practice;

                    (c)      created,
incurred, assumed or guaranteed any indebtedness for money borrowed, or
mortgaged, pledged or subjected any of the assets or properties of Royalite to
any mortgage, lien, pledge, security interest, conditional sales contract or
other encumbrance of any nature whatsoever;

                    (d)     
made or suffered any amendment or termination of any material agreement,
contract, commitment, lease or plan to which it is a party or by which it is
bound, or cancelled, modified or waived any substantial debts or claims held by
it or waived any rights of substantial value, whether or not in the ordinary
course of business;

                    (e)      declared,
set aside or paid any dividend or made or agreed to make any other distribution
or payment in respect of its capital shares or redeemed, purchased or otherwise
acquired or agreed to redeem, purchase or acquire any of its capital shares or
equity securities;

                    (f)      suffered
any damage, destruction or loss, whether or not covered by insurance, materially
and adversely its business, operations, assets, properties or prospects;

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                    (g)      suffered
any material adverse change in its business, operations, assets, properties,
prospects or condition (financial or otherwise);

                    (h)      received
notice or had knowledge of any actual or threatened labor trouble, termination,
resignation, strike or other occurrence, event or condition of any similar
character which has had or might have an adverse effect on its business,
operations, assets, properties or prospects;

                    (i)      made
commitments or agreements for capital expenditures or capital additions or
betterments exceeding in the aggregate $5,000, except such as may be involved in
ordinary repair, maintenance or replacement of its assets;

                    (j)      other
than in the ordinary course of business, increase the salaries or other
compensation of, or made any advance (excluding advances for ordinary and
necessary business expenses) or loan to, any of its employees or made any
increase in, or any addition to, other benefits to which any of its employees
may be entitled;

                    (k)      changed
any of the accounting principles followed or the methods of applying such
principles;

                    (l)     
entered into any transaction other than in the ordinary course of business
consistent with past practice; or

                    (m)      agreed,
whether in writing or orally, to do any of the foregoing.

          3.14      Personal
Property. Royalite possesses all property and items necessary for the
continued operation of the business of Royalite as presently conducted. All of
such items are in good operating condition (normal wear and tear excepted), and
are reasonably fit for the purposes for which such item is presently used.

          3.15      Insurance.
The assets, properties and operations of Royalite are insured under various
policies of general liability and other forms of insurance consistent with
prudent business practices. All such policies are in full force and effect in
accordance with their terms, no notice of cancellation has been received, and
there is no existing default by Royalite or any event which, with the giving of
notice, the lapse of time or both, would constitute a default thereunder. All
premiums to date have been paid in full.

          3.16     
Employees and Consultants. Disclosure Schedule 3.16 lists the name,
address, date of hire, title or position, compensation and benefits of each
employee or consultant of Royalite. All employees and consultants have been paid
all salaries, wages, income and any other sum due and owing to them by Royalite
as at the end of the most recent completed pay period. Royalite is not aware of
any labor conflict with any of Royalite employees that might reasonably be
expected to have a Royalite Material Adverse Effect. Royalite has not entered
into any written contracts of employment or consulting agreements other than as
listed on Disclosure Schedule 3.16. All amounts required to be withheld
by Royalite from employees salaries or wages and paid to any governmental or
taxing authority have been so withheld and paid. No employee of Royalite is in
violation of any term of any employment contract, non-disclosure agreement,
non-competition agreement or any other contract or agreement relating to the
relationship of such employee with Royalite or any other nature of the business
conducted or to be conducted by Royalite or the Surviving Corporation.

          3.17      Benefit
Plans. Royalite has no Employee Benefit Plans within the meaning of the
Employee Retirement Income Security Act of 1974, as amended, and the rules and
regulations promulgated thereunder.

          3.18     
Intellectual Property

                    (a)     
Intellectual Property Assets. The Intellectual Property Assets are all
those necessary for the operation of the business of Royalite as it is currently
conducted. The term “Intellectual Property Assets” includes:

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	 	(1) 	
      the name Royalite Petroleum Corp., all functional
      business names, trading names, registered and unregistered trademarks,
      service marks, and applications collectively, “Marks”);

	 	 	 
	 	(2) 	
      all patents, patent applications, and inventions,
      methods, processes and discoveries that may be patentable (collectively,
      “Patents”);

	 	 	 
	 	(3) 	
      all copyrights in both published works and unpublished
      works (collectively, “Copyrights”);

	 	 	 
	 	(4) 	
      all know-how, trade secrets, confidential information,
      customer lists, software, technical information, data, process technology,
      plans, drawings, and blue prints owned, used, or licensed by Royalite as
      licensee or licensor (collectively, “Trade
Secrets”).

                    (b)      Agreements.
Disclosure Schedule 3.18 contains a complete and accurate list and
summary description of all contracts and agreements relating to the Intellectual
Property Assets to which Royalite is a party or by which Royalite is bound.
There are no outstanding or threatened disputes or disagreements with respect to
any such agreement.

                    (c)     
Intellectual Property and Know-How Necessary for the Business. Except as
set forth in Disclosure Schedule 3.18, Royalite is the owner of all
right, title, and interest in and to each of the Intellectual Property Assets,
free and clear of all liens, security interests, charges, encumbrances, and
other adverse claims, and has the right to use without payment to a third party
of all the Intellectual Property Assets. Except as set forth in Disclosure
Schedule 3.18, all former and current employees and contractors of Royalite
have executed written contracts, agreements or other undertakings with Royalite
that assign all rights to any inventions, improvements, discoveries, or
information relating to the business of Royalite. No employee, director, officer
or shareholder of any of Royalite owns directly or indirectly in whole or in
part, any Intellectual Property Asset which Royalite is presently using or which
is necessary for the conduct of its business. No employee or contractor of
Royalite has entered into any contract or agreement that restricts or limits in
any way the scope or type of work in which the employee may be engaged or
requires the employee to transfer, assign, or disclose information concerning
his work to anyone other than Royalite.

                    (d)      Trade
Secrets. Royalite has taken all reasonable precautions to protect the
secrecy, confidentiality, and value of its Trade Secrets. Royalite has good
title and an absolute (but not necessarily exclusive) right to use the Trade
Secrets. The Trade Secrets are not part of the public knowledge or literature,
and have not been used, divulged, or appropriated either for the benefit of any
person or entity or to the detriment of Royalite. No Trade Secret is subject to
any adverse claim or has been challenged or threatened in any way.

          3.19     
Real Property. Royalite does not own any real property. Disclosure
Schedule 3.19 lists all leases, subleases or other oil and gas or mineral
property interests (collectively, “Leases”) to which Royalite is a party or
bound. Each of the Leases are legal, valid, binding, enforceable and in full
force and effect in all material respects. All rental and other payments
required to be paid by Royalite pursuant to any such Leases have been duly paid
and no event has occurred which, upon the passing of time, the giving of notice,
or both, would constitute a breach or default by any party under any of the
Leases. The Leases will continue to be legal, valid, binding, enforceable and in
full force and effect on identical terms following the Closing Date. Royalite
has not assigned, transferred, conveyed, mortgaged, deeded in trust, or
encumbered any interest in the Leases or the leasehold property pursuant
thereto. Royalite has delivered a true and complete copy of each of the Leases
to Worldbid.

          3.20     
Environmental Matters. Royalite knows of no violation or violations by
Royalite or any of its Subsidiaries, or its respective employees or agents of
any environmental or safety statute, law or regulation that in the aggregate
would have a Royalite Material Adverse Effect and, no material expenditures are
or will be required in order to comply with any such existing statute, law or
regulation. No action, proceeding, permit revocation, writ, injunction or claim
is pending or, to the best knowledge of Royalite, threatened concerning
Royalite’s facilities and Royalite is not aware of any fact or circumstance that
could involve Royalite in any environmental litigation or impose any material
environmental liability upon Royalite. No Hazardous Material (as defined below)
is present on any Royalite facility and, to the best knowledge of Royalite, no
reasonable 8 of 20

likelihood exists that any Hazardous Material present on other
property will come to be present on a Royalite facility. There are no
underground storage tanks, asbestos or PCBs present on any Royalite facility.
For the purposes of this Section 3.20 the term “Hazardous Material” means any
material or substance that is prohibited or regulated by any environmental law
or that has been designated by any governmental authority to be radioactive,
toxic, hazardous or otherwise a danger to health, reproduction or the
environment.

          3.21      Material
Contracts and Transactions. Disclosure Schedule 3.21 contains a list
of all material contracts, agreements, licenses, permits, arrangements,
commitments, instruments, understandings or contracts, whether written or oral,
express or implied, contingent, fixed or otherwise, to which Royalite is a party
(collectively, the “Contracts”).

                    (a)     
Except as listed on Disclosure Schedule 3.21, Royalite is not a party to
any written or oral:

	 	(1) 	
      agreement for the purchase, sale or lease of any capital
      assets, or continuing contracts for the purchase or lease of any
      materials, supplies, equipment, real property or services;

	 	 	 
	 	(2) 	
      agreement regarding, sales agency, distributorship, or
      the payment of commissions;

	 	 	 
	 	(3) 	
      agreement for the employment or consultancy of any person
      or entity;

	 	 	 
	 	(4) 	
      note, debenture, bond, trust agreement, letter of credit
      agreement loan agreement, or other contract or commitment for the
      borrowing or lending of money, or agreement or arrangement for a line of
      credit or guarantee, pledge, or undertaking of the indebtedness of any
      other person;

	 	 	 
	 	(5) 	
      agreement, contract, or commitment for any charitable or
      political contribution;

	 	 	 
	 	(6) 	
      agreement, contract, or commitment limiting or
      restraining Royalite, their business or any successor thereto from
      engaging or competing in any manner or in any business or from hiring any
      employees, nor is any employee of Royalite subject to any such agreement,
      contract, or commitment;

	 	 	 
	 	(7) 	
      material agreement, contract, or commitment not made in
      the ordinary course of business;

	 	 	 
	 	(8) 	
      agreement establishing or providing for any joint
      venture, partnership, or similar arrangement with any other person or
      entity;

	 	 	 
	 	(9) 	
      agreement, contract or understanding containing a “change
      in control,” or similar provision; or

	 	 	 
	 	(10) 	
      power of attorney or similar authority to
  act.

                    (b)      Each
Contract is in full force and effect, and there exists no material breach or
violation of or default by Royalite under any Contract nor by any other party to
a Contract, or any event that with notice or the lapse of time, or both, will
create a material breach or violation thereof or default under any Contract by
Royalite or by any other party to a Contract. The continuation, validity, and
effectiveness of each Contract will in no way be affected by the consummation of
the transactions contemplated by this Agreement. Except as listed on
Disclosure Schedule 3.21, there exists no actual or threatened
termination, cancellation, or limitation of, or any amendment, modification, or
change to any Contract. A true, correct and complete 

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copy (and if oral, a description of material terms) of each
Contract, as amended to date, has been furnished to Worldbid.

          3.22      Certain
Transactions. Royalite is not indebted, directly or indirectly, to any of
its officers, directors or shareholders or to their respective spouses or
children, in any amount whatsoever; none of said officers, directors or, to the
best of Royalite’s knowledge, shareholders, or any members of their immediate
families, are indebted to Royalite or have any direct or indirect ownership
interest in any firm or corporation with which Royalite has a business
relationship, or any firm or corporation that competes with Royalite. Royalite
is not a guarantor or indemnitor of any indebtedness of any other person, firm
or corporation.

          3.23      No
Brokers. Royalite has not incurred any obligation or liability to any party
for any brokerage fees, agent's commissions, or finder's fees in connection with
the transactions contemplated by this Agreement for which Worldbid would be
responsible.

          3.24      Minute
Books. The minute books of Royalite provided to Worldbid contain a complete
summary of all meetings of directors and shareholders since the time of
incorporation of such entity and reflect all transactions referred to in such
minutes accurately in all material respects.

          3.25      Completeness
of Disclosure. No representation or warranty by Royalite in this Agreement
nor any certificate, schedule, statement, document or instrument furnished or to
be furnished to Worldbid pursuant hereto contains or will contain any untrue
statement of a material fact or omits or will omit to state a material fact
required to be stated herein or therein or necessary to make any statement
herein or therein not materially misleading.

SECTION 4
REPRESENTATIONS AND WARRANTIES OF
WORLDBID

          Worldbid
represents and warrants to Royalite and acknowledges that Royalite is relying
upon such representations and warranties in connection with the execution,
delivery and performance of this Agreement, notwithstanding any investigation
made by or on behalf of Royalite.

          4.1     
Organization and Good Standing. Worldbid is duly organized, validly
existing and in good standing under the laws of Nevada and has all requisite
corporate power and authority to own, lease and to carry on its business as now
being conducted. Worldbid is duly qualified to do business and is in good
standing as a foreign corporation in each of the jurisdictions in which each
owns property, leases property, does business, or is otherwise required to do
so, where the failure to be so qualified would have a material adverse effect on
the businesses, operations, or financial condition of Worldbid.

          4.2     
Authority. Worldbid has all requisite corporate power and authority to
execute and deliver the Merger Documents to be signed by them and to perform its
obligations thereunder and to consummate the transactions contemplated thereby.
The execution and delivery of each of the Merger Documents by Worldbid and the
consummation by Worldbid of the transactions contemplated thereby have been duly
authorized by its Board of Directors and no other corporate or shareholder
proceedings on Worldbid is necessary to authorize such documents or to
consummate the transactions contemplated thereby other than approval of the
shareholders of Worldbid.

          4.3      Capitalization
of Worldbid. The entire authorized capital stock and other equity securities
of Worldbid (“Worldbid Stock”) consists of Six Hundred Million (600,000,000)
shares, comprised of Five Hundred Million (500,000,000) shares of Common Stock
(the “Worldbid Common Stock”) with a par value of $0.001, and One Hundred
Million (100,000,000) shares of Preferred Stock (the “Worldbid Preferred Stock”)
with a par value of $0.001. There are 5,054,408 shares of Worldbid Common Stock
issued and outstanding and no shares of Worldbid Preferred Stock issued and
outstanding. All of the issued and outstanding shares of Worldbid Stock have
been duly authorized, are validly issued, were not issued in violation of any
pre-emptive rights and are fully paid and non-assessable, are not subject to
pre-emptive rights and were issued in full compliance with all federal, state,
and local laws, rules and regulations. Except as set forth on Disclosure
Schedule 4.3, there are no outstanding options, warrants, subscriptions,
phantom shares, conversion rights, or other rights, agreements, or commitments
obligating Worldbid to issue any additional shares of Worldbid Stock, 

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or any other securities convertible into, exchangeable for, or
evidencing the right to subscribe for or acquire from Worldbid any shares of
Worldbid Stock. There are no agreements purporting to restrict the transfer of
the Worldbid Stock, no voting agreements, voting trusts, or other arrangements
restricting or affecting the voting of the Worldbid Stock.

          4.4      Validity
of Worldbid Common Stock Issuable Upon the Merger. The shares of Worldbid
Common Stock to be issued to the Royalite Stockholders upon consummation of the
Merger in accordance with Section 2.1 of this Agreement have been duly and
validly authorized and, when so issued in accordance with the terms of this
Agreement, will be duly and validly issued, fully paid and non-assessable.

          4.5      Actions
and Proceedings. There is no claim, charge, arbitration, grievance, action,
suit, investigation or proceeding by or before any court, arbiter,
administrative agency or other governmental authority now pending or, to the
best knowledge of Worldbid, threatened against Worldbid which involves any of
the business, or the properties or assets of Worldbid that, if adversely
resolved or determined, would have a material adverse effect on the business,
operations, assets, properties, prospects or conditions of Worldbid taken as a
whole. There is no reasonable basis for any claim or action that, based upon the
likelihood of its being asserted and its success if asserted, would have such a
material adverse effect.

          4.6     
Financial Representations. The audited and unaudited financial statements
of Worldbid as filed with the United States Securities and Exchange Commission
(collectively, the “Worldbid Financial Statements”) (a) are in accordance with
the books and records of Worldbid and (b) present fairly the financial condition
of Worldbid as of the respective dates indicated and the results of operations
for such periods, except that any unaudited interim financial statements were or
will be subject to normal and recurring year-end adjustments. Worldbid has not
received any advice or notification from its independent certified public
accountants that Worldbid has used any improper accounting practice that would
have the effect of not reflecting or incorrectly reflecting in the Worldbid
Financial Statements or the books and records of Worldbid, any properties,
assets, liabilities, revenues, or expenses. The books, records, and accounts of
Worldbid accurately and fairly reflect, in reasonable detail, the transactions,
assets, and liabilities of Worldbid. Worldbid has not engaged in any
transaction, maintained any bank account, or used any funds of Worldbid, except
for transactions, bank accounts, and funds which have been and are reflected in
the normally maintained books and records of Worldbid.

          4.7      Absence
of Certain Changes or Events. Since April 30, 2006, Worldbid has not:

                    (a)     
incurred any liabilities, other than liabilities incurred in the ordinary course
of business consistent with past practice, or discharged or satisfied any lien
or encumbrance, or paid any liabilities, other than in the ordinary course of
business consistent with past practice, or failed to pay or discharge when due
any liabilities of which the failure to pay or discharge has caused or will
cause any material damage or risk of material loss to it or any of its assets or
properties;

                    (b)      sold,
encumbered, assigned or transferred any fixed assets or properties which would
have been included in the assets of Worldbid if the closing had been held on
April 30, 2006 or on any date since then, except for ordinary course of business
transactions consistent with past practice;

                    (c)      created,
incurred, assumed or guaranteed any indebtedness for money borrowed, or
mortgaged, pledged or subjected any of the assets or properties of Worldbid to
any mortgage, lien, pledge, security interest, conditional sales contract or
other encumbrance of any nature whatsoever;

                    (d)      made
or suffered any amendment or termination of any material agreement, contract,
commitment, lease or plan to which it is a party or by which it is bound, or
cancelled, modified or waived any substantial debts or claims held by it or
waived any rights of substantial value, whether or not in the ordinary course of
business;

                    (e)      declared,
set aside or paid any dividend or made or agreed to make any other distribution
or payment in respect of its capital shares or redeemed, purchased or otherwise
acquired or agreed to redeem, purchase or acquire any of its capital shares or
equity securities;

                    (f)      suffered
any damage, destruction or loss, whether or not covered by insurance, materially
and adversely its business, operations, assets, properties or prospects; 

11 of 20

                    (g)      suffered
any material adverse change in its business, operations, assets, properties,
prospects or condition (financial or otherwise);

                    (h)      received
notice or had knowledge of any actual or threatened labor trouble, termination,
resignation, strike or other occurrence, event or condition of any similar
character which has had or might have an adverse effect on its business,
operations, assets, properties or prospects;

                    (i)     
made commitments or agreements for capital expenditures or capital additions or
betterments exceeding in the aggregate $5,000, except such as may be involved in
ordinary repair, maintenance or replacement of its assets;

                    (j)      other
than in the ordinary course of business, increase the salaries or other
compensation of, or made any advance (excluding advances for ordinary and
necessary business expenses) or loan to, any of its employees or made any
increase in, or any addition to, other benefits to which any of its employees
may be entitled;

                    (k)      changed
any of the accounting principles followed or the methods of applying such
principles;

                    (l)     
entered into any transaction other than in the ordinary course of business
consistent with past practice; or

                    (m)     
agreed, whether in writing or orally, to do any of the foregoing.

          4.8     
Filings, Consents and Approvals. Except for any filings required by
applicable securities laws, the filing of the Articles of Merger pursuant to the
Nevada Law, and the approval of the Worldbid Stockholders, no filing or
registration with, no notice to and no permit, authorization, consent, or
approval of any public or governmental body or authority or other person or
entity is necessary for the consummation by Worldbid of the transactions
contemplated by this Agreement or to enable Worldbid to continue to conduct its
business after the Closing Date in a manner which is consistent with that in
which it is presently conducted.

          4.9      Material
Contracts and Transactions. There are no material contracts, agreements,
licenses, permits, arrangements, commitments, instruments, understandings or
contracts, whether written or oral, express or implied, contingent, fixed or
otherwise, to which Worldbid is a party other then retainer agreements with
legal counsel and accountants.

          4.10      No
Brokers. Worldbid has not incurred any obligation or liability to any party
for any brokerage fees, agent's commissions, or finder's fees in connection with
the transactions contemplated by this Agreement for which Royalite would be
responsible.

          4.11     
Minute Books. The minute books of Worldbid provided to Royalite contain a
complete summary of all meetings of directors and shareholders since the time of
incorporation of such entity and reflect all transactions referred to in such
minutes accurately in all material respects.

          4.12     
SEC Filings. Worldbid has furnished or made available to Royalite a true
and complete copy of each report, schedule, registration statement and proxy
statement filed by Worldbid with the SEC since the inception of Worldbid (as
such documents have since the time of their filing been amended, the
"Worldbid SEC Documents"). Worldbid has timely filed with the SEC all
documents required to have been filed pursuant to the Securities Act and the
Exchange Act. As of their respective dates, the Worldbid SEC Documents complied
in all material respects with the requirements of the Securities Act, or the
Exchange Act, as the case may be, and the rules and regulations of the SEC
thereunder applicable to such Worldbid SEC Documents, and none of Worldbid SEC
Documents contained any untrue statement of a material fact or omitted to state
a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading. 

          4.13      Completeness
of Disclosure. No representation or warranty by Worldbid in this Agreement
nor any certificate, schedule, statement, document or instrument furnished or to
be furnished to Royalite pursuant hereto contains or will contain any untrue
statement of a material fact or omits or will omit to state a 

12 of 20

material fact required to be stated herein or therein or
necessary to make any statement herein or therein not materially misleading.

SECTION 5 
CLOSING CONDITIONS

          5.1     
Conditions Precedent to Closing by Worldbid. The obligation of Worldbid
to consummate the Merger is subject to the satisfaction of the conditions set
forth below, unless any such condition is waived Worldbid at the Closing. The
Closing of the transactions contemplated by this Agreement will be deemed to
mean a waiver of all conditions to Closing.

                    (a)      Representations
and Warranties. The representations and warranties of Royalite set forth in
this Agreement will be true, correct and complete in all respects as of the
Closing Date, as though made on and as of the Closing Date and Royalite will
have delivered to Worldbid a certificate dated as of the Closing Date, to the
effect that the representations and warranties made by Royalite in this
Agreement are true and correct.

                    (b)     
Performance. All of the covenants and obligations that Royalite is
required to perform or to comply with pursuant to this Agreement at or prior to
the Closing must have been performed and complied with in all material
respects.

                    (c)     
Merger Documents. This Agreement and all other Merger Documents necessary
or reasonably required to consummate the Merger, all in form and substance
reasonably satisfactory to Worldbid, will have been executed and delivered to
Worldbid.

                    (d)     
Secretary's Certificate – Royalite. Worldbid will have received a
certificate of the Secretary of Royalite attaching (i) a copy of Royalite's
Articles of Incorporation, as amended through the Closing Date certified by the
Secretary of State of the State of Nevada; (ii) a true and correct copy of
Royalite's bylaws, as amended; (iii) certified copies of resolutions duly
adopted by the Board of Directors of Royalite and the Royalite Stockholders
approving the execution and delivery of this Agreement and the other Merger
Documents and the consummation of the Merger and the other transactions
contemplated hereby and thereby; and (iv) a certificate as to the incumbency and
signatures of the officers of Royalite executing this Agreement and the Merger
Documents executed on the Closing Date as contemplated by this Agreement.

                    (e)      Royalite
Officer’s Certificate. Royalite will furnish Worldbid with a certificate, as
to its assets, liabilities and business affairs dated as of the Closing Date, of
its Chief Executive Officer and Chief Financial Officer which will be in form
and substance reasonably satisfactory to Worldbid and its counsel.

                    (f)     
Exercise of Appraisal Rights. The holders of no more than five percent
(5%) of the issued and outstanding shares of Royalite Common Stock will have
exercised appraisal rights under the Nevada Law as Dissenting Shareholders.
Royalite and Worldbid will have resolved all matters of appraisal and payment
under the Nevada Law for each Dissenting Shareholder to Worldbid's
satisfaction.

                    (g)      Supplement
to Disclosure Schedules. Any additional disclosures made in the supplemental
Disclosure Schedules of Royalite made pursuant to Section 6.3 of this Agreement
will be acceptable to Worldbid in their sole discretion.

                    (h)     
Third Party Consents. Royalite will have received duly executed copies of
all third-party consents and approvals contemplated by the Merger Documents, in
form and substance reasonably satisfactory to Worldbid.

                    (i)     
No Material Adverse Change. No Royalite Material Adverse Effect will have
occurred since the date of this Agreement.

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                    (j)      No
Action. No suit, action, or proceeding will be pending or threatened before
any governmental or regulatory authority wherein an unfavorable judgment, order,
decree, stipulation, injunction or charge would (i) prevent the consummation of
any of the transactions contemplated by this Agreement, or (ii) cause the
transactions to be rescinded following consummation.

                    (k)     
Due Diligence Review. Worldbid will be reasonably satisfied in all
respects with their due diligence investigation and review of Royalite.

                    (l)     
Worldbid Canada Spinoff. The Worldbid Canada Spinoff as described in
Section 8 of this Agreement will have been completed.

                    (m)      Compliance
with Securities Laws. Worldbid will have received evidence satisfactory to
Worldbid in its discretion that the Merger and all shares of Worldbid Common
Stock issuable in the Merger comply with all applicable securities laws.

                    (n)      Approval
by Worldbid Stockholders. The shareholders of Worldbid will have approved
and adopted this Agreement and the Merger as required by the Nevada Law.

                    (o)     
Financial Statements. Royalite will have provided to Worldbid those
financial statements required by Item 310 of Regulation S-B.

          5.2      Conditions
Precedent to Closing by Royalite. The obligation of Royalite to consummate
the Merger is subject to the satisfaction of the conditions set forth below,
unless such condition is waived by Royalite at the Closing. The Closing of the
Merger will be deemed to mean a waiver of all conditions to Closing.

                    (a)     
Representations and Warranties. The representations and warranties of
Worldbid set forth in this Agreement will be true, correct and complete in all
respects as of the Closing Date, as though made on and as of the Closing Date
and Worldbid will have delivered to Royalite a certificate dated the Closing
Date, to the effect that the representations and warranties made by Worldbid in
this Agreement are true and correct.

                    (b)     
Performance. All of the covenants and obligations that Worldbid is
required to perform or to comply with pursuant to this Agreement at or prior to
the Closing must have been performed and complied with in all material respects.
Worldbid must have delivered each of the documents required to be delivered by
it pursuant to this Agreement.

                    (c)      Approval
by Royalite Stockholders. The shareholders of Royalite will have approved
and adopted this Agreement and the Merger as required by the Nevada Law.

                    (d)      Merger
Documents. This Agreement and all other Merger Documents necessary or
reasonably required to consummate the transaction contemplated by this
Agreement, all in form and substance reasonably satisfactory to Royalite, will
have been executed and delivered by Worldbid, as applicable.

                    (e)     
Secretary's Certificate - Worldbid. Royalite will have received a
certificate of the Secretary of Worldbid attaching (a) a copy of Worldbid's
Articles of Incorporation, as amended through the Closing Date certified by the
Secretary of State of the State of Nevada; (b) a true and correct copy of
Worldbid's bylaws, as amended; (c) certified copies of resolutions duly adopted
by the Board of Directors of Worldbid approving the execution and delivery of
this Agreement and the other Merger Documents and the consummation of the Merger
and the other transactions contemplated hereby and thereby; and (d) a
certificate as to the incumbency and signatures of the officers of Worldbid
executing this Agreement and the Merger Documents executed by Worldbid on the
Closing Date as contemplated by this Agreement.

14 of 20

                    (f)      Supplement
to Disclosure Schedules. Any additional disclosures made in the supplemental
Disclosure Schedules of Worldbid made Pursuant to Section 6.3 of this Agreement
will be acceptable to Royalite in its sole discretion.

                    (g)      Third
Party Consents. Royalite will have received duly executed copies of all
third-party consents and approvals contemplated by the Merger Documents, in form
and substance reasonably satisfactory to Royalite.

                    (h)     
No Material Adverse. No event will have occurred since the date of this
Agreement that has had a material adverse effect on the business, operations,
assets, properties, prospects or conditions of Worldbid taken as a whole. 

                    (i)      No
Action. No suit, action, or proceeding will be pending or threatened before
any governmental or regulatory authority wherein an unfavorable judgment, order,
decree, stipulation, injunction or charge would (i) prevent consummation of any
of the transactions contemplated by this Agreement; or (ii) cause the
transactions to be rescinded following consummation.

SECTION 6
ADDITIONAL COVENANTS OF THE
PARTIES

          6.1     
Access and Investigation. Between the date of this Agreement and the
Closing Date, Royalite, on the one hand, and Worldbid, on the other hand, will,
and will cause each of their respective representatives to, (a) afford the other
and its representatives full and free access to its personnel, properties,
contracts, books and records, and other documents and data, (b) furnish the
other and its representatives with copies of all such contracts, books and
records, and other existing documents and data as required by this Agreement and
as the other may otherwise reasonably request, and (c) furnish the other and its
representatives with such additional financial, operating, and other data and
information as the other may reasonably request. All of such access,
investigation and communication by a party and its representatives will be
conducted during normal business hours and in a manner designed not to interfere
unduly with the normal business operations of the other party. Each party will
instruct its auditors to cooperate with the other party and its representatives
in connection with such investigations.

          6.2     
Confidentiality. All information regarding the business of Royalite
including, without limitation, financial information that Royalite provides to
Worldbid during Worldbid’s due diligence investigation of Royalite will be kept
in strict confidence by Worldbid and will not be used (except in connection with
due diligence), dealt with, exploited or commercialized by Worldbid or disclosed
to any third party (other than Worldbid’s professional accounting and legal
advisors) without the prior written consent of Royalite. If the transactions
contemplated by this Agreement do not proceed for any reason, then upon receipt
of a written request from the Royalite, Worldbid will immediately return to
Royalite any information received regarding Royalite’s business. Likewise, all
information regarding the business of Worldbid including, without limitation,
financial information that Worldbid provides to Royalite during its due
diligence investigation of Worldbid will be kept in strict confidence by
Royalite and will not be used (except in connection with due diligence), dealt
with, exploited or commercialized by Royalite or disclosed to any third party
(other than Royalite’s professional accounting and legal advisors) without
Worldbid’s prior written consent. If the transactions contemplated by this
Agreement do not proceed for any reason, then upon receipt of a written request
from Worldbid, Royalite will immediately return to Worldbid (or as directed by
Worldbid) any information received regarding Worldbid’s business.

          6.3     
Notification. Between the date of this Agreement and the Effective Time,
each of the parties to this Agreement will promptly notify the other parties in
writing if it becomes aware of any fact or condition that causes or constitutes
a material breach of any of its representations and warranties as of the date of
this Agreement, if it becomes aware of the occurrence after the date of this
Agreement of any fact or condition that would cause or constitute a material
breach of any such representation or warranty had such representation or
warranty been made as of the time of occurrence or discovery of such fact or
condition. Should any such fact or condition require any change in the
Disclosure Schedules relating to such party, such party will promptly deliver to
the other parties a supplement to the Disclosure Schedules specifying such
change. During the same period, each party will promptly notify the other
parties of the occurrence of any 

15 of 20

material breach of any of its covenant in this Agreement or of
the occurrence of any event that may make the satisfaction of such conditions
impossible or unlikely.

          6.4      Exclusivity.
Until such time, if any, as this Agreement is terminated pursuant to Article 7,
Royalite will not, directly or indirectly solicit, initiate, entertain or accept
any inquiries or proposals from, discuss or negotiate with, provide any
nonpublic information to, or consider the merits of any unsolicited inquiries or
proposals from, any person or entity (other than Worldbid) relating to any
transaction involving the sale of the business or assets (other than in the
ordinary course of business), or any of the capital stock of Royalite, or any
merger, consolidation, business combination, or similar transaction. Royalite
will promptly notify Worldbid if it receive an unsolicited offer for such a
transaction, or obtains information that such an offer is likely to be made,
which notice will include the identity of the prospective offeror and the price
and terms of the proposed offer.

          6.5     
Conduct of Royalite Business Prior to Closing. From the date of this
Agreement to the Closing Date, and except to the extent that Worldbid otherwise
consents in writing, Royalite will operate its business substantially as
presently operated and only in the ordinary course and in compliance with all
applicable laws, and use its best efforts to preserve intact its good reputation
and present business organization and to preserve its relationships with persons
having business dealings with it.

          6.6      Certain
Acts Prohibited - Royalite. Between the date of this Agreement and the
Closing Date, Royalite will not, without the prior written consent of
Worldbid:

                    (a)      amend
its Articles of Incorporation, bylaws or other organizational documents;

                    (b)      incur
any liability or obligation other than in the ordinary course of business or
encumber or permit the encumbrance of any properties or assets of Royalite,
except as disclosed in a Disclosure Schedule to this Agreement;

                    (c)      dispose
of or contract to dispose of any Royalite property or assets except in the
ordinary course of business consistent with past practice;

                    (d)      issue,
deliver, sell, pledge or otherwise encumber or subject to any lien any shares of
the Royalite Stock, or any rights, warrants or options to acquire, any such
shares, voting securities or convertible securities;

                    (e)     
(i) declare, set aside or pay any dividends on, or make any other distributions
in respect of the Royalite Stock, or (ii) split, combine or reclassify any
Royalite Stock or issue or authorize the issuance of any other securities in
respect of, in lieu of or in substitution for shares of Royalite Stock; or

                    (f)     
materially increase benefits or compensation expenses of Royalite, other than as
contemplated by the terms of any employment agreement in existence on the date
of this Agreement, increase the cash compensation of any director, executive
officer or other key employee or pay any benefit or amount not required by a
Plan or arrangement as in effect on the date of this Agreement to any such
person.

          6.7     
Certain Acts Prohibited - Worldbid. Between the date of this Agreement
and the Closing Date, Worldbid will not, without the prior written consent of
Royalite:

                    (a)      amend
its Articles of Incorporation, bylaws or other organizational documents;

                    (b)      incur
any liability or obligation other than in the ordinary course of business or
encumber or permit the encumbrance of any properties or assets of Worldbid,
except as disclosed in a Disclosure Schedule to this Agreement;

                    (c)      dispose
of or contract to dispose of any Worldbid property or assets except in the
ordinary course of business consistent with past practice; 

16 of 20

                    (d)      issue
or sell shares of Worldbid Stock, or any rights, warrants or options to acquire,
any such shares, voting securities or convertible securities, other than under
the Worldbid Financing # 1 or the Worldbid Financing #2 as described in
Disclosure Schedule 4.3; or

                    (e)      except
for the Worldbid Canada Spinoff described in Paragraph 8 to this Agreement, (i)
declare, set aside or pay any dividends on, or make any other distributions in
respect of the Worldbid Stock, or (ii) split, combine or reclassify any Worldbid
Stock or issue or authorize the issuance of any other securities in respect of,
in lieu of or in substitution for shares of Worldbid Stock; or

                    (f)     
materially increase benefits or compensation expenses of Worldbid, other than as
contemplated by the terms of any employment agreement in existence on the date
of this Agreement, increase the cash compensation of any director, executive
officer or other key employee or pay any benefit or amount not required by a
Plan or arrangement as in effect on the date of this Agreement to any such
person.

          6.8      Public
Announcements. Worldbid and Royalite each agree that they will not release
or issue any reports or statements or make any public announcements relating to
this Agreement or the transactions contemplated herein without the prior written
consent of the other party, except as may be required upon written advice of
counsel to comply with applicable laws or regulatory requirements after
consulting with the other party hereto and seeking their consent to such
announcement.

SECTION 7 
TERMINATION

          7.1      Termination.
This Agreement may be terminated at any time prior to the Effective Time of the
transactions contemplated hereby by:

                    (a)      Mutual
agreement of Worldbid and Royalite;

                    (b)     
Worldbid, if there has been a breach by Royalite of any material representation,
warranty, covenant or agreement set forth in this Agreement on the part of
Royalite that is not cured, to the reasonable satisfaction of Worldbid, within
ten business days after notice of such breach is given by Worldbid (except that
no cure period will be provided for a breach by Royalite that by its nature
cannot be cured);

                    (c)      Royalite,
if there has been a breach by Worldbid of any material representation, warranty,
covenant or agreement set forth in this Agreement on the part of Worldbid that
is not cured by the breaching party, to the reasonable satisfaction of Royalite,
within ten business days after notice of such breach is given by Royalite
(except that no cure period will be provided for a breach by Worldbid that by
its nature cannot be cured); or

                    (d)     
Worldbid or Royalite, if the transactions contemplated by this Agreement have
not been consummated prior to January 31, 2007, unless the parties agree to
extend such date.

          7.2     
Effect of Termination. In the event of the termination of this Agreement
as provided in Section 7.1, this Agreement will be of no further force or
effect, provided, however, that no termination of this Agreement will relieve
any party of liability for any breaches of this Agreement that are based on a
wrongful refusal or failure to perform any obligations.

SECTION 8
WORLDBID CANADA SPINOFF

          8.1     
Worldbid Canada Spinoff means the proposed distribution by Worldbid of its
shares in Worldbid Canada Corp. to its shareholders of record at a date to be
established by Worldbid which date shall precede the Closing Date.

          8.2     
Royalite acknowledges that Worldbid will complete the Worldbid Canada Spinoff or
otherwise dispose of its interest in Worldbid Canada Corp. prior to the Closing
Date and that the Royalite shareholders 

17 of 20

shall not be entitled to participate in the Worldbid Canada
Spinoff or receive any shares of Worldbid Canada Corp. or other consideration in
respect of the Worldbid Canada Spinoff.

SECTION 9
MISCELLANEOUS PROVISIONS

          9.1     
Effectiveness of Representations; Survival. Each party is entitled to
rely on the representations, warranties and agreements of each of the other
parties and all such representation, warranties and agreement will be effective
regardless of any investigation that any party has undertaken or failed to
undertake. The representation, warranties and agreements will survive the
Closing Date and continue in full force and effect until the first anniversary
of the Closing Date; provided that the representations and warranties regarding
Taxes will survive until the expiration of any applicable statute of
limitations.

          9.2     
Further Assurances. Each of the parties hereto will cooperate with the
others and execute and deliver to the other parties hereto such other
instruments and documents and take such other actions as may be reasonably
requested from time to time by any other party hereto as necessary to carry out,
evidence, and confirm the intended purposes of this Agreement.

          9.3      Amendment.
This Agreement may not be amended except by an instrument in writing signed by
each of the parties.

          9.4      Expenses.
Each party to this Agreement will bear its respective expenses incurred in
connection with the preparation, execution, and performance of this Agreement
and the transactions contemplated hereby, including all fees and expenses of
agents, representatives, counsel, and accountants. 

          9.5      Entire
Agreement. This Agreement, the exhibits, schedules attached hereto and the
other Worldbid Documents contain the entire agreement between the parties with
respect to the subject matter hereof and supersede all prior arrangements and
understandings, both written and oral, expressed or implied, with respect
thereto. Any preceding correspondence or offers are expressly superseded and
terminated by this Agreement.

          9.6     
Severability. It is the desire and intent of the parties that the
provisions of the Worldbid Documents be enforced to the fullest extent
permissible under the law and public policies applied in each jurisdiction in
which enforcement is sought. Accordingly, if any provision of the Worldbid
Documents will for any reason be held or adjudged to be invalid, illegal, or
unenforceable by any court of competent jurisdiction, such paragraph or part
thereof so adjudicated invalid, illegal, or unenforceable will be deemed
separate, distinct, and independent, and the remainder of the Worldbid Documents
will remain in full force and effect and will not be affected by such holding or
adjudication.

          9.7     
Notices. All notices and other communications required or permitted under
to this Agreement must be in writing and will be deemed given if sent by
personal delivery, faxed with electronic confirmation of delivery,
internationally-recognized express courier or registered or certified mail
(return receipt requested), postage prepaid, to the parties at the following
addresses (or at such other address for a party as will be specified by like
notice):

If to Royalite:

ROYALITE PETROLEUM CORP. 
2215
Lucerne Circle 
Henderson, NV 89014 
Attention: Michael L. Cass, President

Telephone: 702-451-4981 
Fax: 702-451-4939

18 of 20

If to Worldbid:

WORLDBID CORPORATION 
810 Peace
Portal Road, Suite 201 
Blaine, WA 98230 
Attention: Logan B. Anderson,
President 
Telephone: 360-201-0400 
Fax: 561-209-5144

All such notices and other communications will be deemed to
have been received (a) in the case of personal delivery, on the date of such
delivery, (b) in the case of a fax, when the party sending such fax has received
electronic confirmation of its delivery, (c) in the case of delivery by
internationally-recognized express courier, on the business day following
dispatch and (d) in the case of mailing, on the fifth business day following
mailing.

          9.8     
Headings. The headings contained in this Agreement are for convenience
purposes only and will not affect in any way the meaning or interpretation of
this Agreement.

          9.9     
Benefits. This Agreement is and will only be construed as for the benefit
of or enforceable by those persons party to this Agreement.

          9.10      Assignment.
This Agreement may not be assigned (except by operation of law) by any party
without the consent of the other parties.

          9.11     
Governing Law. This Agreement will be governed by and construed in
accordance with the laws of the State of Nevada applicable to contracts made and
to be performed therein. The parties hereby (i) submit to personal jurisdiction
in the State of Nevada, and (ii) waive any and all rights under the laws of any
state to object to jurisdiction within the State of Nevada for the purposes of
litigation to enforce this Agreement.

          9.12     
Construction. The language used in this Agreement will be deemed to be
the language chosen by the parties to express their mutual intent, and no rule
of strict construction will be applied against any party.

          9.13     
Counterparts. This Agreement may be executed in one or more counterparts,
all of which will be considered one and the same agreement and will become
effective when one or more counterparts have been signed by each of the parties
and delivered to the other parties, it being understood that all parties need
not sign the same counterpart.

          9.14      Fax
Execution. This Agreement may be executed by delivery of executed signature
pages by fax and such fax execution will be effective for all purposes.

          9.15     
Schedules and Exhibits. The schedules and exhibits are attached to this
Agreement and incorporated herein.

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

19 of 20

          9.16     
Independent Legal Advice. Royalite acknowledges that O’Neill Law Group
PLLC have acted solely for Worldbid in the negotiation and execution of this
Agreement and O’Neill Law Group PLLC have advised Royalite to obtain the advice
of their independent legal counsel.

IN WITNESS WHEREOF the parties hereto have executed this
agreement as of the day and year first above written.

WORLDBID CORPORATION 
a Nevada corporation by its

authorized signatory:

/s/ Logan B.
Anderson
_____________________________
Signature of Authorized
Signatory

Logan B. Anderson
_____________________________
Name of
Authorized Signatory

President
____________________________
Position of
Authorized Signatory

 

ROYALITE PETROLEUM CORP. 
a Nevada corporation by its

authorized signatory:

/s/ Michael L.
Cass
_____________________________
Signature of Authorized
Signatory

Michael L. Cass
_____________________________
Name of
Authorized Signatory

President
____________________________
Position of
Authorized Signatory

20 of 20

	EXHIBIT A 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

 

ARTICLES OF MERGER

 

		DEAN HELLER 
 Secretary of State 

      204 North Carson Street, Suite 1 
 Carson City, Nevada 89701-4299
      
 (775) 684 5708 
 Website: secretaryofstate.biz 

  	Articles of Merger 
 (PURSUANT
        TO NRS 92A.200) 
 Page 1 

  

  	Important: Read attached instructions
        before completing form. 	ABOVE SPACE IS FOR OFFICE
        USE ONLY 

(Pursuant to Nevada Revised Statutes Chapter 92A) 

  (excluding 92A.200(4b))

  SUBMIT IN DUPLICATE

	1) 	 Name and jurisdiction of organization
        of each constituent entity (NRS 92A.200). If there are more than
        four merging entities, check box [   ] and attach an
        81/2" x 11'' blank sheet containing the required information for
        each additional entity. 

  	ROYALITE PETROLEUM CORP. 

Name of merging entity

	NEVADA 	 	CORPORATION 
	Jurisdiction 	 	Entity type * 

	 
	Name of merging entity 

	 	 	 
	Jurisdiction 	 	Entity type * 

	 
	Name of merging entity 

	 	 	 
	Jurisdiction 	 	Entity type * 

	 
	Name of merging entity 

	 	 	 
	Jurisdiction 	 	Entity type * 

and,

	WORLDBID CORPORATION 
	Name of surviving entity 

	NEVADA 	 	CORPORATION 
	Jurisdiction 	 	Entity type * 

* Corporation, non-profit corporation, limited partnership, limited-liability
  company or business trust.

  	This form must be accompanied by
        appropriate fees. See attached fee schedule. 	Nevada Secretary of State
        AM Merger 2003 
	  	Revised on: 10/24/03 

 

		DEAN HELLER 
 Secretary of State 

      204 North Carson Street, Suite 1 
 Carson City, Nevada 89701-4299
      
 (775) 684 5708 
 Website: secretaryofstate.biz 

  	Articles of Merger 
 (PURSUANT
        TO NRS 92A.200) 
 Page 2

  

  	Important: Read attached instructions
        before completing form. 	ABOVE SPACE IS FOR OFFICE
        USE ONLY 

  

	2) 	 Forwarding address where copies of process may be
        sent by the Secretary of State of Nevada (if a foreign entity is the survivor
        in the merger - NRS 92A.1 90):

  	Attn: 	 
	 	 
	c/o: 	  

         

         

	3) 	 (Choose one)

	 	[   ]	 The undersigned declares that a plan of merger has been
        adopted by each constituent entity (NRS 92A.200).

	 		  

	 	[X] 	 The undersigned declares that a plan of merger has
        been adopted by the parent domestic entity (NRS 92A.180)

	 4) 
	 Owner's approval (NRS 92A.200)(options
        a, b, or c must be used, as applicable, for each entity) (if there
        are more than four merging entities, check box [   ] and
        attach an 8 1/2" x 11'' blank sheet containing the required information
        for each additional entity): 

	 	(a) 	 Owner's approval was not required from

  	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	and, or; 
	 
	Name of surviving entity, if applicable 

  
    	This form must be accompanied
          by appropriate fees. See attached fee schedule. 	Nevada Secretary of State
          AM Merger 2003 
	  	Revised on: 10/24/03 

  

 

		DEAN HELLER 
 Secretary of State 

      204 North Carson Street, Suite 1 
 Carson City, Nevada 89701-4299
      
 (775) 684 5708 
 Website: secretaryofstate.biz 

  	Articles of Merger 
 (PURSUANT
        TO NRS 92A.200) 
 Page 3

  

  	Important: Read attached instructions
        before completing form. 	ABOVE SPACE IS FOR OFFICE
        USE ONLY 

	 	(b) 	 The plan was approved by the required consent of the
        owners of *:

  	ROYALITE PETROLEUM CORP. 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	and, or; 
	 
	WORLDBID CORPORATION 
	Name of surviving entity, if applicable 

* Unless otherwise provided in the certificate of trust or governing
  instrument of a business trust, a merger must be approved by all the trustees
  and beneficial owners of each business trust that is a constituent entity in
  the merger.

  	This form must be accompanied by
        appropriate fees. See attached fee schedule. 	Nevada Secretary of State
        AM Merger 2003 
	  	Revised on: 10/2//03 

 

		DEAN HELLER 
 Secretary of State 

      204 North Carson Street, Suite 1 
 Carson City, Nevada 89701-4299
      
 (775) 684 5708 
 Website: secretaryofstate.biz 

  	Articles of Merger 
 (PURSUANT
        TO NRS 92A.200) 
 Page 4

  	Important: Read attached instructions
        before completing form. 	ABOVE SPACE IS FOR OFFICE
        USE ONLY 

	 	(c) 	 Approval of plan of merger for Nevada non-profit corporation
        (NRS 92A.160):

	 	 	 
	 		 The plan of merger has been approved by the directors
        of the corporation and by each public officer or other person whose approval
        of the plan of merger is required by the articles of incorporation of
        the domestic corporation.

  	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	Name of merging entity, if applicable 
	 
	and, or; 
	 
	Name of surviving entity, if applicable 

  	This form must be accompanied by
        appropriate fees. See attached fee schedule. 	Nevada Secretary of State
        AM Merger 2003 
	  	Revised on: 10/24/03 

 

		DEAN HELLER 
 Secretary of State 

      204 North Carson Street, Suite 1 
 Carson City, Nevada 89701-4299
      
 (775) 684 5708 
 Website: secretaryofstate.biz 

  	Articles of Merger 
 (PURSUANT
        TO NRS 92A.200) 
 Page 5

  

  	Important: Read attached instructions
        before completing form. 	ABOVE SPACE IS FOR OFFICE
        USE ONLY 

	5) 	 Amendments, if any, to the articles or certificate
        of the surviving entity. Provide article numbers, if available. (NRS 92A.200)*:

	 Article 1. 

        The name of the corporation is ROYALITE PETROLEUM COMPANY INC. 

       

       

       

       

	6) 	 Location of Plan of Merger (check a or b):

  	[   ]	(a) The entire plan of merger is attached; 
	  	  
	or, 	  
	  	  
	 [X] 
	 (b) The entire plan of merger
          is on file at the registered office of the surviving corporation, limited-liability
          company or business trust, or at the records office address if a limited
          partnership, or other place of business of the surviving entity (NRS
          92A.200). 

  	7) 	Effective date (optional)":
      	 

* Amended and restated articles may be attached as an exhibit
  or integrated into the articles of merger. Please entitle them ''Restated''
  or ''Amended and Restated,'' accordingly. The form to accompany restated articles
  prescribed by the secretary of state must accompany the amended and/or restated
  articles. Pursuant to NRS 92A.180 (merger of subsidiary into parent - Nevada
  parent owning 90% or more of subsidiary), the articles of merger may not contain
  amendments to the constituent documents of the surviving entity except that
  the name of the surviving entity may be changed.

** A merger takes effect upon filing the articles of merger or
  upon a later date as specified in the articles, which must not be more than
  90 days after the articles are filed (NRS 92A.240).

  	This form must be accompanied by
        appropriate fees. See attached fee schedule. 	Nevada Secretary of State
        AM Merger 2003 
	  	Revised on: 10/24/03 

 

		DEAN HELLER 
 Secretary of State 

      204 North Carson Street, Suite 1 
 Carson City, Nevada 89701-4299
      
 (775) 684 5708 
 Website: secretaryofstate.biz 

  	Articles of Merger 
 (PURSUANT
        TO NRS 92A.200) 
 Page 6

  

  	Important: Read attached instructions
        before completing form. 	ABOVE SPACE IS FOR OFFICE
        USE ONLY 

	8) 	 Signatures - Must be signed
        by: An officer of each Nevada corporation; All general partners
        of each Nevada limited partnership; All general partners of each Nevada
        limited partnership; A manager of each Nevada limited-liability
        company with managers or all the members if there are no managers;
        A trustee of each Nevada business trust (NRS 92A.230)* 

	 	  

		 (if there are more than four
        merging entities, check box [   ] and attach an 8 %''
        x 1 1 '' blank sheet containing the required information for each
        additional entity.): 

  	ROYALITE PETROLEUM CORP. 
	Name of merging entity 

	 	  	President 	  
	 	Signature 	Title 	Date 
	 	Name of merging
      entity 	  	  
	 	Signature 	Title 	Date 
	 	Name of merging
      entity 	  	  
	 	Signature 	Title 	Date 
	 	Name of merging
      entity 	  	  
	 	Signature 	Title 	Date 
	 	WORLDBID CORPORATION 
	 	Name of surviving entity 	  	  
	 	  	President 	  
	 	Signature 	Title 	Date 

* The articles of merger must be signed by each foreign constituent
  entity in the manner provided by the law governing it (NRS 92A.230). Additional
  signature blocks may be added to this page or as an attachment, as needed.

IMPORTANT: Failure to include any of the above information
  and submit the proper fees may cause this filing to be rejected.

  	This form must be accompanied by
        appropriate fees. See attached fee schedule. 	Nevada Secretary of State
        AM Merger 2003 
	  	Revised on: 10/24/03 

  

  	Reset 

	SCHEDULE 2.2A 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

CERTIFICATE OF NON-U.S. SHAREHOLDER

  OF WORLDBID CORPORATION

In connection with the issuance of common stock (the "Worldbid
  Common Stock") of WORLDBID CORPORATION, a Nevada corporation, to the undersigned,
  pursuant to that certain Agreement and Plan of Merger between WORLDBID CORPORATION,
  a Nevada corporation ("Worldbid"), and ROYALITE PETROLEUM CORP., a Nevada corporation
  ("Royalite"), the undersigned hereby agrees, represents and warrants that he,
  she or it:

1.          
  is not a "U.S. Person" as such term is defined by Rule 902 of Regulation S under
  the United States Securities Act of 1933, as amended ("U.S. Securities Act")
  (the definition of which includes, but is not limited to, an individual resident
  in the U.S. and an estate or trust of which any executor or administrator or
  trust, respectively is a U.S. Person and any partnership or corporation organized
  or incorporated under the laws of the U.S.);

2.           was
  outside the U.S. when the shareholders of Royalite approved of the Merger (as
  such is defined in the Agreement and Plan of Merger);

3.           the
  Worldbid Common Stock is not being acquired, directly or indirectly, for the
  account or benefit of a U.S. Person or a person in the United States;

4.           acknowledges
  and agrees not to engage in hedging transactions with regard to the Worldbid
  Common Stock prior to the expiration of the one (1) year distribution compliance
  period set forth in Rule 903(b)(3) of Regulation S under the U.S. Securities
  Act;

5.           acknowledges
  and agrees that Worldbid shall refuse to register any transfer of the Worldbid
  Common Stock not made in accordance with the provisions of Regulation S, pursuant
  to registration under the U.S. Securities Act, or pursuant to an available exemption
  from registration under the U.S. Securities Act;

6.           understands
  and agrees that the Worldbid Common Stock will bear the following legend:

  
    "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE BEEN ISSUED IN RELIANCE
      UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT PROVIDED
      BY REGULATION S PROMULGATED UNDER THE ACT. SUCH SECURITIES MAY NOT BE REOFFERED
      FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE
      PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER
      THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE
      ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED
      UNLESS IN COMPLIANCE WITH THE ACT."

  

IN WITNESS WHEREOF, I have executed this Certificate of
  Non-U.S. Shareholder.

	 	 	 
	Signature 	 	Date 
	 	 	 
	 	 	 
	Print Name 	 	Title (if Applicable) 
	 	 	 
	 	 	 
	Address 	 	  
	 	 	 
	 	 	 

	SCHEDULE 2.2B 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

CERTIFICATE OF U.S. SHAREHOLDER 

  OF WORLDBID CORPORATION

In connection with the issuance of common stock (the "Worldbid
  Common Stock") of WORLDBID CORPORATION, a Nevada corporation, to the undersigned,
  pursuant to that certain Agreement and Plan of Merger between WORLDBID CORPORATION,
  a Nevada corporation ("Worldbid"), and ROYALITE PETROLEUM CORP., a Nevada corporation
  ("Royalite"), the undersigned hereby agrees, represents and warrants that he,
  she or it:

1.          
  Acquired Entirely for Own Account.

           
  The undersigned represents and warrants that he, she or it is acquiring the
  Worldbid Common Stock solely for the undersigned’s own account for investment
  and not with a view to or for sale or distribution of the Worldbid Common Stock
  or any portion thereof and without any present intention of selling, offering
  to sell or otherwise disposing of or distributing the Worldbid Common Stock
  or any portion thereof in any transaction other than a transaction complying
  with the registration requirements of the U.S. Securities Act of 1933, as amended
  (the "Securities Act"), and applicable state and provincial securities laws,
  or pursuant to an exemption therefrom. The undersigned also represents that
  the entire legal and beneficial interest of the Worldbid Common Stock that he,
  she or it is acquiring is being acquired for, and will be held for, the undersigned’s
  account only, and neither in whole nor in part for any other person or entity.

2.           Information
  Concerning Worldbid.

              The
  undersigned acknowledges that he, she or it has received all such information
  as the undersigned deems necessary and appropriate to enable him, her or it
  to evaluate the financial risk inherent in making an investment in the Worldbid
  Common Stock, including but not limited to Worldbid’s Form 10-KSB filed
  with the U.S. Securities and Exchange Commission, and the documents and materials
  included therewith, which includes a description of the risks inherent in an
  investment in Worldbid and an Information Statement in connection with the Merger
  (as such term is defined in the Agreement and Plan of Merger) (the "Disclosure
  Documents"). The undersigned further acknowledges that he, she or it has received
  satisfactory and complete information concerning the business and financial
  condition of Worldbid in response to all inquiries in respect thereof. 

3.           Economic
  Risk and Suitability.

           
  The undersigned represents and warrants as follows:

             (a)     
  the undersigned realizes that the Worldbid Common Stock involves a high degree
  of risk and are a speculative investment, and that he, she or it is able, without
  impairing the undersigned’s financial condition, to hold the Worldbid Common
  Stock for an indefinite period of time;

           
   (b)      the undersigned recognizes that there
  is no assurance of future profitable operations and that investment in Worldbid
  involves substantial risks, and that the undersigned has taken full cognizance
  of and understands all of the risk factors related to the Worldbid Common Stock;

           
  (c)      the undersigned has carefully considered and
  has, to the extent the undersigned believes such discussion necessary, discussed
  with the undersigned’s professional legal, tax and financial advisors the
  suitability of an investment in Worldbid for the particular tax and financial
  situation of the undersigned and that the undersigned and/or the undersigned’s
  advisors have determined that the Worldbid Common Stock is a suitable investment
  for the undersigned;

           
  (d)      the financial condition and investment of
  the undersigned are such that he, she or it is in a financial position to hold
  the Worldbid Common Stock for an indefinite period of time and to bear the economic
  risk of, and withstand a complete loss of, the value of the Worldbid Common
  Stock;

           
  (e)      the undersigned alone, or with the assistance
  of professional advisors, has such knowledge and experience in financial and
  business matters that the undersigned is capable of evaluating the merits and
  risks of acquiring the Worldbid Common Stock, or has a pre-existing personal
  or business relationship with Worldbid or any of its officers, directors, or
  controlling persons of a duration and nature that enables the undersigned to
  be aware of the character, business acumen and general business and financial
  circumstances of Worldbid or such other person;

           
  (f)      the undersigned has carefully read the Disclosure
  Documents and Worldbid has made available to the undersigned or the undersigned’s
  advisors all information and documents requested by the undersigned relating
  to investment in the Worldbid Common Stock, and has provided answers to the
  undersigned’s satisfaction to all of the undersigned’s questions concerning
  Worldbid;

           
  (g)      if the undersigned is a partnership, trust,
  corporation or other entity: (1) it was not organized for the purpose of acquiring
  the Worldbid Common Stock (or all of its equity owners are "accredited investors"
  as defined in Section 6 below); (2) it has the power and authority to execute
  this Certificate and the person executing said document on its behalf has the
  necessary power to do so; (3) its principal place of business and principal
  office are located within the state set forth in its address below; and (4)
  all of its trustees, partners and/or shareholders, whichever the case may be,
  are bona fide residents of said state;

           
  (h)      the undersigned understands that neither Worldbid
  nor any of its officers or directors has any obligation to register the Worldbid
  Common Stock under any federal or other applicable securities act or law;

           
  (i)      the undersigned has relied solely upon the
  Disclosure Documents, advice of his or her representatives, if any, and independent
  investigations made by the undersigned and/or his or her the undersigned representatives,
  if any, in making the decision to acquire the Worldbid Common Stock and acknowledges
  that no representations or agreements other than those set forth in the Disclosure
  Documents have been made to the undersigned in respect thereto;

           
  (j)      all information which the undersigned has
  provided concerning the undersigned himself, herself or itself is correct and
  complete as of the date set forth below, and if there should be any material
  change in such information prior to the issuance of the Worldbid Common Stock,
  he, she or it will immediately provide such information to Worldbid;

           
  (k)      the undersigned confirms that the undersigned
  has received no general solicitation or general advertisement and has attended
  no seminar or meeting (whose attendees have been invited by any general solicitation
  or general advertisement) and has received no advertisement in any newspaper,
  magazine, or similar media, broadcast on television or radio regarding acquiring
  the Worldbid Common Stock; and

           
  (l)      the undersigned is at least 21 years of age
  and is a citizen of the United States residing at the address indicated below.

	4. 	 Restricted Securities.

	 	 	 
		 The undersigned acknowledges that Worldbid
        has hereby disclosed to the undersigned in writing:

	 	 	 
		(a) 	 the Worldbid Common Stock that the undersigned is acquiring
        have not been registered under the Securities Act or the securities laws
        of any state of the United States, and such securities must be held indefinitely
        unless a transfer of them is subsequently registered under the Securities
        Act or an exemption from such registration is available; and

	 	 	 
		(b) 	 Worldbid will make a notation in its records of the
        above described restrictions on transfer and of the legend described below.

	 	 	 
	5. 	 Legends.

	 	 	 
		 The undersigned agrees that the Worldbid Common
        Stock will bear the following legend:

  
    “THE SECURITIES REPRESENTED BY THIS CERTIFICATE
      HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT"), AND
      HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION 

  

  
    REQUIREMENTS OF THE ACT PROVIDED BY REGULATION D PROMULGATED
      UNDER THE ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR
      OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION UNDER
      THE ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE
      ACT.”

  

	6. 	 Suitable Investor.

	 	 
		 In order to establish the qualification of the undersigned
        to acquire the Worldbid Common Stock, the information requested in either
        subsection 6(a) or (b) below must be supplied.

          (a)     
  The undersigned is an "accredited investor," as defined in Securities and Exchange
  Commission (the "SEC") Rule 501. An "accredited investor" is one who meets any
  of the requirements set forth below. The undersigned represents and warrants
  that the undersigned falls within the category (or categories) marked. PLEASE
  INDICATE EACH CATEGORY OF ACCREDITED INVESTOR THAT YOU, THE UNDERSIGNED, SATISFY,
  BY PLACING AN "X" ON THE APPROPRIATE LINE BELOW.

	___ 	Category 1. 	 A bank, as defined in Section
        3(a)(2) of the Securities Act, whether acting in its individual or fiduciary
        capacity; or 

	 	  	  

	___ 	Category 2. 	 A savings and loan association
        or other institution as defined in Section 3(a) (5) (A) of the Securities
        Act, whether acting in its individual or fiduciary capacity; or 

	 	  	  

	___	Category 3. 	 A broker or dealer registered
        pursuant to Section 15 of the Securities Exchange Act of 1934; or 

	 	  	  

	___	Category 4. 	 An insurance company as defined
        in Section 2(13) of the Securities Act; or 

	 	  	  

	___	Category 5. 	 An investment company registered
        under the Investment Company Act of 1940; or 

	 	  	  

	___ 	Category 6. 	 A business development company
        as defined in Section 2(a) (48) of the Investment Company Act of 1940;
        or 

	 	  	  

	___ 	Category 7. 	 A small business investment
        company licensed by the U.S. Small Business Administration under Section
        301(c) or (d) of the Small Business Investment Act of 1958; or 

	 	  	  

	___ 	Category 8. 	 A plan established and maintained
        by a state, its political subdivision or any agency or instrumentality
        of a state or its political subdivisions, for the benefit of its employees,
        with assets in excess of $5,000,000; or 

	 	  	  

	___ 	Category 9. 	 An employee benefit plan within
        the meaning of the Employee Retirement Income Security Act of 1974 in
        which the investment decision is made by a plan fiduciary, as defined
        in Section 3(21) of such Act, which is either a bank, savings and loan
        association, insurance company or registered investment advisor, or an
        employee benefit plan with total assets in excess of $5,000,000 or, if
        a self-directed plan, the investment decisions are made solely by persons
        who are accredited investors; or 

	 	  	  

	___ 	Category 10. 	 A private business development
        company as defined in Section 202(a) (22) or the Investment Advisers Act
        of 1940; or 

	 	  	  

	___ 	Category 11. 	 An organization described in
        Section 501(c)(3) of the Internal Revenue Code, a corporation, a Massachusetts
        or similar business trust, or a partnership, not formed for the specific
        purpose of acquiring the Interest, with total assets in excess of $5,000,000;
        or 

	 	  	  

	___	Category 12. 	 A director or executive officer
        of Worldbid; or 

	 	  	  

	___ 	Category 13. 	 A natural person whose individual
        net worth, or joint net worth with that person’s spouse, at the time
        of this purchase exceeds $1,000,000; or 

	 	  	  

	___ 	Category 14. 	 A natural person who had an
        individual income in excess of $200,000 in each of the two most recent
        years or joint income with that person’s spouse in excess of $300,000
        in each of those years and has a reasonable expectation of reaching the
        same income level in the current year; or 

	___	Category 15. 	 A trust, with total assets in
        excess of $5,000,000, not formed for the specific purpose of acquiring
        the Interest, whose purchase is directed by a sophisticated person as
        described in SEC Rule 506(b)(2)(ii); or 

	 	  	 

	___	Category 16. 	 An entity in which all of the
        equity owners are accredited investors. 

          (a)      The
  undersigned is not an accredited investor and meets the requirements set forth
  below. PLEASE INDICATE THAT YOU, THE UNDERSIGNED, SATISFY THESE REQUIREMENTS
  BY PLACING AN "X" ON THE LINE BELOW.

	___	 The undersigned, either alone
        or with the undersigned’s representative, has such knowledge, skill
        and experience in business, financial and investment matters so that the
        undersigned is capable of evaluating the merits and risks of an investment
        in the Worldbid Common Stock. To the extent necessary, the undersigned
        has retained, at the undersigned’s own expense, and relied upon,
        appropriate professional advice regarding the investment, tax and legal
        merits and consequences of owning the Worldbid Common Stock. In addition,
        the amount of the undersigned’s investment in the Worldbid Common
        Stock does not exceed ten percent (10%) of the undersigned’s net
        worth. The undersigned agrees to furnish any additional information requested
        to assure compliance with applicable federal and state securities laws
        in connection with acquiring the Worldbid Common Stock. 

	7. 	 Understandings.

	 	 
		 The undersigned understands, acknowledges and agrees
        that:

          (a)     
  no federal or state agency has made any finding or determination as to the accuracy
  or adequacy of the Disclosure Documents or as to the fairness of the terms of
  this offering for investment nor any recommendation or endorsement of the Worldbid
  Common Stock;

          (b)      this
  offering is intended to be exempt from registration under the Securities Act
  by virtue of Section 4(2) of the Securities Act, which is in part dependent
  upon the truth, completeness and accuracy of the statements made by the undersigned
  herein;

          (c)     
  the Worldbid Common Stock is "restricted securities" in the U.S. under the Securities
  Act. There can be no assurance that the undersigned will be able to sell or
  dispose of the Worldbid Common Stock. It is understood that in order not to
  jeopardize this offering’s exempt status under Section 4(2) of the Act,
  any transferee may, at a minimum, be required to fulfill the investor suitability
  requirements thereunder;

          (d)     
  the representations, warranties and agreements of the undersigned contained
  herein and in any other writing delivered in connection with the transactions
  contemplated hereby shall be true and correct in all respects on and as of the
  date the Worldbid Common Stock is acquired as if made on and as of such date;
  and

          (e)      THE
  WORLDBID COMMON STOCK MAY NOT BE TRANSFERRED, RESOLD OR OTHERWISE DISPOSED OF
  EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND ANY OTHER APPLICABLE SECURITIES
  LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE UNDERSIGNED SHOULD
  BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT
  FOR AN INDEFINITE PERIOD OF TIME.

IN WITNESS WHEREOF, I have executed this Certificate of U.S.
  Shareholder.

	 	 	 
	Signature 	 	Date 
	 	 	 
	 	 	 
	Print Name 	 	Title (if Applicable) 
	 	 	 
	 	 	 
	Address 	 	  
	 	 	 
	 	 	 

	SCHEDULE 3.4 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

CAPITALIZATION OF ROYALITE 

Royalite has issued the following shares of common stock:

  	Number of Shares 	Description 	Amount 
	18,000,000 	 Shares of Common Stock at a
          price of $0.001 per share effective February 8, 2006 

        
	$18,000 
	3,000,000 	 Shares of Common Stock at a
          price of $0.001 per share (deemed) effective February 8, 2006 

        
	3,000 
	2,000,000 	 Shares of Common Stock at a
          price of $0.10 per share effective March 2, 2006 

        
	200,000 
	100,000 	 Shares of Common Stock at a
          price of $0.10 per share effective March 3, 2006 

        
	10,000 
	1,860,667 	 Shares of Common Stock at a
          price of $0.30 per share effective April 30, 2006 

        
	558,200 
	24,960,667 	TOTAL 	$789,200 

	SCHEDULE 3.10 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

 

ROYALITE UNAUDITED FINANCIAL STATEMENTS

Unaudited Financial Statements as of April 30, 2006.

Royalite Petroleum Corp. 

  Balance Sheet

  As of April 30, 2006

  	  	 	Apr 30, 06 	 
	  	 	  	 
	ASSETS 	 	  	 
	     Current Assets 	 	  	 
	           Checking/Savings
        	 	  	 
	               
         Cash 	 	  	 
	           
                   Checking-B of A 2822 	 	418,037.05 	 
	               
               Petty Cash 	 	300.00 	 
	           
             Total Cash 	 	418,337.05 	 
	  	 	  	 
	           Total
        Checking/Savings 	 	418,337.05 	 
	  	 	  	 
	     Total Current Assets
        	 	418,337.05 	 
	  	 	  	 
	     Fixed Assets 	 	  	 
	           Computers &
        Equipment 	 	3,500.00 	 
	           Accumulated
        Deprec 	 	(13 .42	) 
	     Total Fixed Assets 	 	3,486.58 	 
	  	 	  	 
	     Other Assets 	 	  	 
	           Refundable
        Deposits 	 	3,500.00 	 
	           Mining Consessions-Utah
        	 	288,509.50 	 
	     Total Other Assets
        	 	292,009.50 	 
	  	 	  	 
	TOTAL ASSETS 	 	713,833.13 	 
	  	 	  	 
	LIABILITIES & EQUITY 	 	  	 
	     Liabilities 	 	  	 
	           Current
        Liabilities 	 	  	 
	               
         Accounts Payable 	 	  	 
	           
                   Accounts Payable 	 	25,424.63 	 
	               
         Total Accounts Payable 	 	25,424.63 	 
	  	 	  	 
	               
         Other Current Liabilities 	 	  	 
	           
                   Due to Pass Technologies 	 	394.71 	 
	               
               Loan Payable-K.I. Matheson 	 	39,898.99 	 
	           
                   Loan Payable- John Roz 	 	58,000.00 	 
	               
         Total Other Current Liabilities 	 	98,293.70 	 
	  	 	  	 
	           Total Current
        Liabilities 	 	123,718.33 	 
	  	 	  	 
	     Total Liabilities 	 	123,718.33 	 
	  	 	  	 
	     Equity 	 	  	 
	           Common
        Stock(.001 par value) 	 	21,961.00 	 
	           Add't Paid in
        Capital 	 	764,239.00 	 
	           Net
        Income 	 	(196,085.20	) 
	     Total Equity 	 	590,114.80 	 
	  	 	  	 
	TOTAL LIABILITIES & EQUITY 	 	713,833.13 	 

Page 1

Royalite Petroleum Corp. 

  Statement of Operations

  January through April 2006

  	  	 	Jan - Apr 06 	 
	  	 	  	 
	Ordinary Income/Expense 	 	  	 
	               
         Cost of Goods Sold 	 	  	 
	           
                   Project Related Costs 	 	  	 
	               
                     Laboratory Fees 	 	500. 00 	 
	           
                         Field
        Expenses 	 	229. 32 	 
	               
                     Engineering 	 	4,424. 40 	 
	           
                         Maps
        & Drafting 	 	28,301. 37 	 
	               
                     Millsite 	 	635.
        11 	 
	           
                   Total Project Related Costs
        	 	34,090.20 	 
	  	 	  	 
	           
             Total COGS 	 	34,090.20 	 
	  	 	  	 
	           Gross
        Profit 	 	(34,090.20	) 
	  	 	  	 
	           
             Expense 	 	  	 
	               
               Bank Service Charges 	 	377.18 	 
	           
                   Business License & Fees
        	 	871.71 	 
	               
               Car/Truck Expense 	 	  	 
	           
                         Gas 	 	127. 99 	 
	               
               Total Car/Truck Expense 	 	127.99 	 
	  	 	  	 
	               
               Commissions 	 	12,000.00 	 
	           
                   Consulting Fees 	 	80,775.30 	 
	               
               Directors Fees 	 	1,600.00 	 
	           
                   Depreciation Expense 	 	13.42 	 
	               
               Office Supplies 	 	295.58 	 
	           
                   Postage and Delivery 	 	83.69 	 
	               
               Professional Fees 	 	  	 
	           
                         Legal
        Fees 	 	5,073. 49 	 
	               
               Total Professional Fees 	 	5,073.49 	 
	  	 	  	 
	               
               Rent 	 	8,300.00 	 
	           
                   Travel & Entertainment
        	 	  	 
	               
                     Meals 	 	1,390. 74 	 
	           
                         Travel
        	 	50,600. 90 	 
	               
               Total Travel & Entertainment 	 	51,991.64 	 
	  	 	  	 
	               
               Utilities 	 	300.00 	 
	           
             Total Expense 	 	161,810.00 	 
	  	 	  	 
	     Net Ordinary
        Income 	 	(195,900.20	) 
	  	 	  	 
	Net Income 	 	(195,900.20	) 

Page 2

ROYALITE PETROLEUM CORP. 

  (A DEVELOPMENT STAGE COMPANY) 

  STATEMENT OF CASH FLOWS

  	  	 	Period from 	 
	  	 	December 2, 2005 	 
	  	 	(Date of inception) 	 
	  	 	through 	 
	  	 	April 30, 2006 	 
	CASH FLOWS FROM OPERATING ACTIVITIES 	 	  	 
	   Net loss 	$	 (196,085	) 
	   Adjustments to reconcile loss
        from operating 	 	  	 
	       to net cash used in
        operating activities: 	 	  	 
	           Depreciation
      	 	13 	 
	   Changes in operating assets and liabilities:
      	 	  	 
	           Other
        current assets 	 	(3,500	) 
	           Accounts payable
        and accrued liabilities 	 	25,425 	 
	  	 	  	 
	 Net cash used in operating activities 	 	(174,147	) 
	  	 	  	 
	CASH FLOW FROM INVESTING ACTIVITIES 	 	  	 
	   Cash paid on mineral property
        claims 	 	(288,510	) 
	   Purchase of fixed assets 	 	(3,500	) 
	  	 	  	 
	   Net cash used in investing activities 	 	(292,010	) 
	  	 	  	 
	CASH FLOW FROM FINANCING ACTIVITIES 	 	  	 
	   Proceeds from stock issuance
      	 	786,200 	 
	   Proceeds from borrowings from related party
      	 	40,294 	 
	   Proceeds from borrowings on
        loan payable 	 	58,000 	 
	  	 	  	 
	   Net cash provided by financing
        activities 	 	884,494 	 
	  	 	  	 
	NET CHANGE IN CASH 	 	418,337 	 
	  	 	  	 
	CASH AT BEGINNING OF YEAR 	 	- 	 
	  	 	  	 
	CASH AT END OF PERIOD 	$	 418,337 	 
	  	 	  	 
	  	 	  	 
	SUPPLEMENTAL INFORMATION 	 	  	 
	  	 	  	 
	Interest Paid 	$	 - 	 
	Income Taxes Paid 	$	 - 	 

Page 3

	SCHEDULE 3.16 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

EMPLOYMENT AND CONSULTING AGREEMENTS OF ROYALITE

ORAL CONTRACTS

Month to Month:

	(1) 	 Agreement with Nitra Corporation, a Nevada corporation,
        and Royalite to pay $8,000.00 per month plus expenses to Nitra Corporation
        for the services of Michael L. Cass to act as President for Royalite.

	 	 
	(2) 	 Agreement with Pass Minerals Inc., a Nevada Corporation,
        and Royalite to pay $4,000.00 per month plus expenses to Pass Minerals
        Inc. for consulting and financial services.

From July 1, 2006 to November 30, 2006

	(1) 	 Agreement with Investor Consulting LLC, a Nevada LLC,
        and Morgan Capital LLC, a Florida LLC, to pay $2,500.00 each per month
        ($5,000 total) plus expenses for consulting and public relations services.

	SCHEDULE 3.18 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

 

INTELLECTUAL PROPERTY OF ROYALITE

Royalite holds the exclusive license for the State of Utah for
  a period of twenty (20) years which commenced on October 1, 2005 to use a proprietary
  sensing instrument known as the “Moore Radiometer” for detection of
  sub-surface minerals, hydrocarbons and liquids under a First Amended License
  Agreement dated October 1, 2005 with Charles G. Moore, individually and doing
  business as Hy-Carb Company, of Boulder City, Nevada.

SCHEDULE 3.19

  TO THE AGREEMENT AND PLAN OF MERGER

  BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.

REAL PROPERTY OF ROYALITE

Real Property Lease

Under a residential lease agreement dated April 10, 2006 between
  Jack Keller Young and Royalite, Royalite has leased premises at a monthly rate
  of $3,500 for a period expiring on April 10, 2007.

Oil and Gas or Mineral Leases

	 
	ROYALITE PETROLEUM CORP. – LEASEHOLD 
	 

PIUTE COUNTY, UTAH

	PARCEL 	LEGAL DESCRIPTION 	TOTAL ACRES 
	  	  	  
	T. 30 S., R. 1 W., SLB&B 	 	  
	  	 	  
	1 	Sec. 5, Lots 1-4, SW; 	  
	  	Secs. 6 and 7, All; 	  
	  	Sec. 18, NE 	         
                           
       1,557.59 
	  	 	  
	2 	Sec. 8, W2, W2SE; 	  
	  	Sec. 17, All 	             
                         1,040.00
    
	  	 	  
	3 	Sec. 19, Lot 6, S2N2SESW, S2SESW, NESE, S2NWSE,
    	 
	  	             
      S2SE; 	  
	  	Sec. 20, NE, S2; 	  
	  	Sec. 29, N2, SE; 	  
	  	Sec. 30, Lots 1-2, NE, E2NW 	             
                         1,422.07
    
	  	 	  
	  	 	  
	T. 30 S., R. 2 W., SLB&M 	  
	  	 	  
	4 	Sec. 1, Lots 1, 2; 	  
	  	Sec. 12, N2N2 	             
                         239.95
    
	  	 	  
	5 	Sec. 3, All; 	  
	  	Sec. 10, N2NE, SWNE, W2, NWSE;
    	  
	  	Sec. 14, NE, SENW, S2; 	  
	  	Sec. 22, E2E2 	         
                           
       1,789.60 
	  	 	  
	6 	Secs. 23, 24 and 25, All; 	  
	  	Sec. 26, N2, E2SE; 	  
	  	Sec. 27, N2NE 	         
         2,401.52 
	  	 	  
	  	 	  
	T. 29 S., R. 21⁄2 W., SL&M 	  
	  	 	  
	7 	Sec. 8 and 17, All 	             
                         438.32
    

	PARCEL 	LEGAL DESCRIPTION 	TOTAL ACRES 
	  	  	  
	T. 27 S., R 3 W., SLB&M 	 	  
	  	 	  
	8 	Sec. 3, All; 	  
	  	Sec. 4, Lots 1, 2, S2N2, S2; 	  
	  	Sec. 5, SW; 	  
	  	Sec. 8, N2N2, SENE; 	  
	  	Sec. 9, N2 	         
                           
       1,880.68 
	  	 	  
	9 	Sec. 7, SE4NW4 	         
                           
       40.00 
	  	 	  
	10 	Sec. 7, Lots 3, 4, E2SW, W2SE;
    	  
	  	Sec. 18, Lots 1-3, W2NE, E2NW, NESW 	             
                         544.83
    
	  	 	  
	11 	Sec. 11, All; 	  
	  	Sec. 12, W2, SE 	         
                           
       1,120.00 
	  	 	  
	12 	Sec. 13, 14, 23, and 24, (ALL)
    	         
         2,560.00 
	  	 	  
	13 	Sec. 15, W2NW, SENW, SW; 	  
	  	Secs. 22, and 27, (ALL); 	  
	  	Sec. 28, NESE 	         
         1,600.00 
	  	 	  
	14 	Sec. 29, NE4NW4 	  
	  	Sec. 30, M&B [Part of NE4NE4] (30.00) 	  
		             
      M&B [Part of W2W2] (74.00) 	 
	  	             
      NE4SE4 	  
	  	Sec. 32 NW4NE4,NE4NW4,S2NW4,NW4SW4,S2SW4
      464.00 	 
	  	 	  
	15 	Secs. 25, 26, 34, and 35, (ALL)
    	         
         2,560.00 
	  	 	  
	  	 	  
	T. 28 S., R. 3 W., SLB&M 	 	  
	  	 	  
	16 	Sec. 5, Lot 4 (40.31) 	  
	  	Sec. 6, Lot 1 (40.28) 	         
                           
       80.59 
	  	 	  
	17 	Sec. 5, Lot 2, SENE; 	  
	  	Sec. 6, Lots 4-7, E2SW; 	  
	  	Sec. 8, N2NE, NW, N2SW; 	  
	  	Sec. 9, W2E2, N2NW, SENW, SW; 	  
	  	Sec. 15, NE, NENW, NESW; 	  
	  	Sec. 17, SE 	             
                         1,479.50
    
	  	 	  
	18 	Sec. 8, S2NE4, SE4, SE4SW4 	  
	  	Sec. 9, SW4NW4 	  
	  	Sec. 17, NE4 	             
                         480.00
    
	  	 	  
	19 	Sec. 9, SE4SE4 	  
	  	Sec. 15, SE4NW4 	  
	  	Sec. 16, W2E2, W2 	             
                         560.00
    
	  	 	  
	20 	Sec. 20, NE; 	  
	  	Sec. 21, N2NE, SWNE, NW, N2SW,
      SWSW, W2SE, 	 
	  	             
      SESE; 	  
	  	Sec. 22, W2SW; 	  
	  	Sec. 27, SWNE, W2, N2SE, SESE; 	  
	  	Sec. 34, E2NE 	         
                           
       1,320.00 

  	PARCEL 	LEGAL DESCRIPTION 	             
                 TOTAL ACRES 
	21 	Sec. 22, E2SE4 	  
	  	Sec. 27, E2NE4 	  
	  	Sec. 34, E2SW4, W2SE4 	       
                   320.00 
	22 	Sec. 23, E2E2; 	  
	  	Sec. 24, W2, SE; 	  
	  	Sec. 25, N2N2 	             
             800.00 
	23 	Sec. 32, Lot 1 (39.82), NE4,
        NE4NW4, S2NW4, S2 (All) 	639.82 
	24 	Sec. 35, (ALL) 	669.60 
	  	 	  
	T. 29 S., R. 3 W., SLB&M 	 	  
	25 	Sec. 7, All; 	  
	  	Sec. 18, Lots 1, 2, NE, E2NW 	958.86 
	26 	Sec. 1, (ALL); 	  
	  	Sec. 29, W2NE; 	  
	  	Sec. 33, NENW 	827.20 
	T. 30 S., R. 3 W., SLB&M 	 	  
	27 	Sec. 15, NW4SW4 	  
	  	Sec. 16, SE4SE4 	             
             80.00 
	28 	Sec. 19, Lot 4 (40.12), S2SE4SW4
      	  
	  	Sec. 30, M&B [Part of Lot 3] (10.25) 	  
	  	Sec. 32, E2, S2NW4, SW4 	       
                   630.37 
	T. 27 S., R. 4 W., SLB&M 	 	  
	29 	Sec. 12, S2; 	  
	  	Sec. 13, N2, N2S2; 	  
	  	Sec. 14, N2, N2S2 	       
                   1,280.00 
	  	 	  
	SANPETE COUNTY, UTAH 	 	  
	T. 18 S., R 1 E., SLM&B 	 	  
	30 	Sec. 25, NWNE, W2 	       
                   360.00 
	31 	Secs. 23, 26, and 35, (ALL) 	             
             1,910.36 
	  	 	  
	WAYNE COUNTY, UTAH 	 	  
	T. 28 S., R. 2 E., SLM&B 	 	  
	32 	Sec. 33, E2; 	  
	  	Sec. 34, All; 	  
	  	Sec. 35, W2 	                 
         1,280.00 
	  	Total Acres 	33,334.86 

	

      SUMMARY OF ACREAGE COSTS 
 

	Total Acres : 	33,334.86 
	Costs ($) : 	1,536,613.50 
	Average Price / Acres
      ($) : 	46.10 

  	  	  	DETAILED SUMMARY 
	  	  	  
	PARCEL 	ACRES 	ACREAGE COST ($) * 
	1 	1,557.59 	21,163.00 
	2 	1,040.00 	16,250.00 
	3 	1,422.07 	15,071.50 
	4 	239.95 	4,570.00 
	5 	1,789.60 	101,265.00 
	6 	2,401.52 	34,959.00 
	7 	438.32 	10,007.50 
	8 	1,880.68 	139,324.00 
	9 	40.00 	510.00 
	10 	544.83 	41,822.50 
	11 	1,120.00 	32,610.00 
	12 	2,560.00 	47,490.00 
	13 	1,600.00 	24,930.00 
	14 	464.00 	19,510.00 
	15 	2,560.00 	99,970.00 
	16 	80.59 	3,432.00 
	17 	1,479.50 	194,750.00 
	18 	480.00 	7,200.00 
	19 	560.00 	87,390.00 
	0 	1,320.00 	114,310.00 
	21 	320.00 	21,150.00 
	22 	800.00 	53,330.00 
	23 	639.82 	20,510.00 
	24 	669.60 	21,235.00 
	25 	958.86 	16,912.50 
	26 	827.20 	15,448.00 
	27 	80.00 	4,510.00 
	28 	630.37 	23,377.00 
	29 	1,280.00 	213,250.00 
	30 	360.00 	45,670.00 
	31 	1,910.36 	79,436.50 
	32 	1,280.00 	5,250.00 

*Costs includes lease bonus, fees and first year delayed rental

All Parcels described above, save and except Parcel 18, are for
  a period of 10 years from their effective date with annual rentals of $1.50
  per acres beginning two years from the effective date. The leases grant a 1/8
  Royality Interest to the Lessors.

Parcel 18 has a paid up term of two years. The lease grants a
  1/8 Royality Interest to the Lessors.

	SCHEDULE 3.21 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

 

MATERIAL CONTRACTS OF ROYALITE

	1. 	 First Amended License Agreement dated October 1, 2005
        with Charles G. Moore, individually and doing business as Hy-Carb Company,
        of Boulder City, Nevada.

	 	 
	2. 	 Letter Agreement dated February 8, 2006 with Charles
        G. Moore and Eugene E. Phebus of Boulder City, Nevada.

	 	 
	3. 	 The residential lease and oil and gas leases described
        in Schedule 3.19.

	 	 
	4. 	 The services and consulting agreements described in
        Schedule 3.16.

	SCHEDULE 4.3 
	TO THE AGREEMENT AND PLAN OF MERGER 
	BETWEEN WORLDBID CORPORATION AND ROYALITE PETROLEUM CORP.
    
	 

DERIVATIVE SECURITIES OF WORLDBID

Convertible Notes

Worldbid has $190,000 of convertible notes outstanding which
  are convertible into common shares of the lesser of $0.20 per share (the “fixed
  conversion price”) or 75% of the market price of Worldbid’s common
  stock on the date of conversion. Assuming conversion at the fixed conversion
  price, a total of 950,000 shares of common stock may be issued on conversion
  if the convertible notes.

Worldbid Financing #1

On July 24, 2006, Worldbid’s Board of Directors approved
  the offering on a private placement basis of up to 4,000,000 units at a price
  of $0.75 per unit, with each unit consisting of one share of common stock and
  one-half (1⁄2) of one share purchase warrant. Each whole warrant will entitle
  the holder to purchase an additional share of the Corporation’s common
  stock at a price of $0.85 US per share for a period of one (1) year from the
  date of issuance of the Units. Worldbid has received subscriptions for 3,480,200
  units and effective August 11, 2006, the directors determined to terminate the
  offering. Actual closing of the offering will take place concurrent with or
  immediately prior to the closing of the Merger.

Worldbid Financing #2

On August 11, 2006, Worldbid’s Board of Directors approved
  the offering on a private placement basis of up to 15,000,000 units at a price
  of $1.50 per unit, with each unit consisting of one share of common stock and
  one-half (1⁄2) of one share purchase warrant. Each whole warrant will entitle
  the holder to purchase an additional share of the Corporation’s common
  stock at a price of $1.75 US per share for a period of one (1) year from the
  date of issuance of the Units.Filed by Automated Filing Services Inc. (604) 609-0244 - Arvana Inc. - Exhibit 10.1

EMPLOYMENT AGREEMENT

THIS AGREEMENT is made effective August 23, 2006.

BETWEEN:

  
    Turinco Inc. a Nevada company, (the “Corporation”)
      with offices at:

    2610 – 1066 W. Hastings St. Vancouver, B.C., Canada.

  

AND:

  
    Teyfik Oezcan, (the “Executive”), Geschaftsfuhrer
      of Hellotel Deutschland GmbH, a German company, (the “Company”)
      with offices at:

    Otto-Hahn-Str. 8 63225 Langen, Deutschland.

  

WHEREAS:

	 	A. 	
      The Corporation is involved in the development of
      Internet telephone projects in Europe, the Middle East, Africa and the
      Americas;

	 	 	 
	 	B. 	
      Mr. Oezcan is a professional who has been engaged in the
      management of the Company and the development of similar
  services;

	 	 	 
	 	C. 	
      The Corporation wishes to engage the services of Mr.
      Oezcan as an Executive,

	 	 	 
	 	D. 	
      The parties have mutually agreed to evidence the terms of
      Mr. Oezcan’s service to the Corporation by this
  Agreement;

WITNESSES that the parties, intending to be legally
bound, agree as follows:

1. Term

The Corporation shall employ the Executive for a period of
three years, from the date hereof, unless such employment shall be terminated
earlier as hereinafter provided. Upon the expiry of the term of this Agreement,
and on each anniversary of such date falling thereafter, the term of this
Agreement shall automatically be extended for one additional year, or extended
for such other period as the parties may agree, on the same terms and conditions
except changes to compensation as may be agreed to between the Corporation and
the Executive unless, not less than 180 days prior to any such anniversary date,
either the Corporation or the Executive shall have given written notice to the
other that it or he does not wish to further extend this Agreement.

2. Duties

The Executive shall serve the Corporation in such capacity or
capacities and shall perform such duties and exercise such powers pertaining to
the management and operation of the Corporation as may be determined from time
to time by the Board of Directors of the Corporation (“Board of
Directors”) 

 - 2 -

consistent with the office of the Executive. Supplementary work, paid or unpaid, as well as the acceptance of honorary offices and mandates for supervisory or advisory boards or similar appointments require the prior approval of the Board of
Directors.

 Without limitation of the foregoing, the Executive shall occupy the office of Vice President Europe of the Corporation with the following responsibilities:

	 	 (a) 	 Reporting to the Chief Executive Officer and the Board
        of Directors; the Executive is given the authority and responsibility
        to make decisions, provide direction and to take action as necessary to
        ensure the development of the Corporation’s telecommunications business
        in designated areas of Europe, The Middle East and Asia.

	 	 	 
	 	 (b) 	 This responsibility includes the development and implementation
        of business plans and budgets for the Company in accord with the overall
        strategy and direction of the Corporation covering all aspects of operations,
        (i.e. marketing and sales, customer service, finance and accounting, MIS,
        operating procedures, staffing and employee compensation, and technical
        operations).

	 	 	 
	 	 (c) 	 To represent the Company in legal and non-legal matters
        in accord with the constating documents of the Company.

	 	 	 
	 	 (d) 	 To monitor the Company’s operations to assure
        that the objectives and plans are being achieved and that the cash flow
        projections are on schedule.

	 	 	 
	 	 (e) 	 To submit formal status reports at regular intervals
        stating results and the interpretation of any problem, (including regulatory
        or political changes that may affect the Company’s presence or operations
        in the designated countries), to the C.E.O. and to the Board of Directors.

3. Performance of Duties

In performing the Executive’s duties, the Executive shall:

	 	 (a) 	 devote his full time, attention, professional skills,
        and experience to the business and affairs of the Corporation; and

	 	 	 
	 	 (b) 	 perform those duties that may reasonably be assigned
        to the Executive diligently and faithfully and in the best interests of
        the Corporation.

4. Place of Employment

The Executive will report to work at Otto-Hahn-Str. 8 in Langen, Germany. The Corporation shall not move or otherwise relocate such place at which the Executive reports to work more than 20 kilometres from the current location.

5. Salary

The annual base salary payable to the Executive for the position held and services provided as described herein during the term of this Agreement shall be EUR 180,000 gross and exclusive of benefits and other 

 - 3 -

compensation and will be paid in twelve equal monthly instalments, (less the legal withholding deductions), at the end of each calendar month. If in a calendar year, the working period is less than 12 months, the remuneration will be calculated pro
rata. In the event of the death of the Executive, the salary for the current month and the two following months will continue to be paid to the surviving dependants (spouse or children up to 18 years of age entitled to maintenance).

6. Employee Benefits

The Corporation shall provide the Executive with employee benefits comparable to those provided by the Corporation from time to time to other senior executives of the Corporation generally and shall permit the Executive to participate in any share
purchase plan, retirement plan or similar plan offered by the Corporation from time to time to its senior executives generally in the manner and to the extent authorized by the Board of Directors.

In so far as the Executive is insured under statutory social insurances, the Company will make the normal contributions as required under German laws applicable to such employment and employment benefits.

7. Bonus

In addition to the annual base salary, the Executive will receive a bonus within 90 days of each fiscal year end of the Corporation in accord with the provisions of the Corporation’s bonus plan as determined by the Board of Directors and made
available to other executives holding equivalent management positions.

The bonus plan will be determined after the annual plan and budget preparation process which must be completed during the fourth quarter of each calendar year for the following year. The Executive's bonus plan will be related the financial cash flow
and profitability objectives for the Europe, Middle East and Africa regions as established in the budget process and as approved by the Board of Directors. The first such iteration of this process will commence in October of 2006; to be approved
prior to year end; and will establish performance objectives for the business year 2007 with the bonus payment to be made during the first 90 days of 2008.

8. Stock Option Plan

The Executive is entitled to participate in the Corporation's share option plan in the same manner as other executives whose level of responsibility is similar to that of the Executive. A decision to grant options, and the amount of options granted
and other terms, is at the discretion of the board.

9. No Further Salary or Bonus Adjustments

Other than as herein provided, the Executive will not be eligible for any additional benefits, salary or bonuses unless agreed to by the Corporation.

10. Vacation

The Executive shall be entitled to 30 working days paid vacation per calendar year at a time approved in advance by the Board of Directors, which approval shall not be unreasonably withheld but shall take into account the requirements of the
Corporation and the need for the timely performance of the Executive's responsibilities. 

 - 4 -

The vacation entitlement will normally be taken during the calendar year in which it is earned and if the entitlement earned is not claimed and taken by March 31 of the following year, it will be lost and cannot be restored or claimed.

11. Automobile

The Company will provide the Executive with a company car (category of reference: Mercedes CL), to be used by him for the Company’s business, ( personal use is allowed provided that the taxes which result from personal use are to be paid by the
Executive). 

The Corporation shall pay or reimburse the Executive for all reasonable vehicle operating costs, including leasing costs, insurance, maintenance, gas and oil, properly incurred or to be incurred in connection with the Executive carrying out the
Executive’s duties. The Executive shall supply the Corporation with the originals of all invoices or statements in respect of which the Executive seeks reimbursement.

12. Expenses

The Executive shall be reimbursed for all reasonable travel and other out-of-pocket expenses actually and properly incurred by the Executive from time to time in connection with carrying out the Executive’s duties. For all such expenses, the
Executive shall supply the Company with originals of all invoices or statements in respect of which the Executive seeks reimbursement in accord with the policies and procedures of the Company.

13. Absence from work and continued payment of wages

The Executive will without delay inform the Corporation of any reason for absence and its foreseeable duration and at the same time indicate any urgent work. If the absence from work lasts longer than three calendar days, he will on the next working
day submit a doctor’s certificate explaining his inability to work and its foreseeable duration. 

In so far as the absence from work is based on an event, for which the Executive is entitled to claim damages from a third party, the Executive will assign these to the Corporation to the amount of the continued payment of remuneration. The
Executive undertakes to inform the Corporation at once of the above-mentioned event, and effect the necessary collaboration in favor of the company. 

14. Termination for Cause, Disability or Death

For Cause

The Corporation may terminate the employment of the Executive without notice or any payment in lieu of notice for just cause which, without limiting the generality of the foregoing, shall include:

	 	 (a) 	 wilful misconduct or any act or omission that constitutes
        just cause for dismissal by law;

	 	 	 
	 	 (b) 	 if there is a repeated and demonstrated failure on
        the part of the Executive to perform the material duties of the Executive's
        position in a competent manner and where the Executive fails to substantially
        remedy the failure within a reasonable period of time after receiving
        written notice of such failure from the Corporation;

	 	 	 
	 	 (c) 	 if the Executive is convicted of a criminal offence
        involving fraud or dishonesty;

 - 5 -

	 	 (d) 	 if the Executive or any member of the Executive’s
        family makes any personal profit arising out of or in connection with
        a transaction to which the Corporation is a party or with which it is
        associated without making disclosure to and obtaining the prior written
        consent of the Corporation;

	 	 	 
	 	 (e) 	 if there is a material breach of the Executive’s
        fiduciary duties to the Corporation, including the duty to act in the
        best interest of the Corporation; or

	 	 	 
	 	 (f) 	 if the Executive disobeys reasonable instructions
        given in the course of employment by or on behalf of the Board of Directors
        that are not inconsistent with the Executive's management position, or
        contrary to law and not remedied by the Executive within a reasonable
        period of time after receiving written notice of such disobedience.

For Disability/Death

	 	 (g) 	 this Agreement may be immediately terminated by the
        Corporation by notice to the Executive if the Executive becomes permanently
        disabled. The Executive shall be deemed to have become permanently disabled
        if in any year during the employment period, because of ill health, physical
        or mental disability, or for other causes beyond the control of the Executive,
        the Executive has been continuously unable or unwilling or has failed
        to perform the Executive's duties for 120 consecutive days, or if, during
        any year of the employment period, the Executive has been unable or unwilling
        or has failed to perform the Executive’s duties for a total of 180
        days, consecutive or not. The term “any year of the employment period”
        means any period of 12 consecutive months during the employment period.

	 	 	 
	 	 (h) 	 this Agreement shall terminate without notice upon
        the death of the Executive.

No Severance Payments

Upon termination of the Executive's employment:

	 	 (a) 	 for just cause;

	 	 	 
	 	 (b) 	 by the voluntary termination of employment by the
        Executive; or

	 	 	 
	 	 (c) 	 by the non-renewal of this Agreement,

the Executive shall not be entitled to any severance payment other than the compensation earned by the Executive before the date of termination calculated pro rata up to and including the date of termination.

15. Severance Payments

At any time during the term of this Agreement, the Corporation may terminate the employment of the Executive without cause and the Executive may voluntarily terminate his employment. If the Executive's employment is terminated for any reason other
than the voluntary termination of the Executive or the reasons set forth in §14, the Executive shall receive the following severance package: 

 - 6 -

	 	 (d) 	 an amount, payable in instalments as set out in §5
        equal to the monthly base salary to which he is entitled at the date of
        termination multiplied by the number of months (including any fractional
        months) remaining in the term of this Agreement. (less statutory deductions),

	 	 	 
	 	 (e) 	 the bonus payable proportionately and in accord with
        the bonus plan described in §7 of this Agreement for the relevant
        portion of the fiscal year up to the date of termination; and

	 	 	 
	 	 (f) 	 the employee benefits to which he was entitled at
        the date of termination including the provision of a leased automobile,
        for the remainder of the term of this Agreement.

Such severance payment and benefits shall not be subject to any right of set-off which the Corporation may have against the Executive nor any obligation on the part of the Executive to seek alternate employment. It is expressly understood and agreed
that any earnings from employment or otherwise that the Executive may make during such severance period shall not affect the amount of the severance payment or the level of benefits to which the Executive is entitled.

If the Executive's employment is terminated as a result of the permanent disability of the Executive, the Executive shall be entitled to receive the base salary payable at the rate and in continuing instalments as set out in §5 for the
remainder of the term of this Agreement.

For the purposes of this section, whenever a payment is to be determined with reference to the remaining term of this Agreement, if less than 60 days remain in the term of this Agreement and no party has given notice of its intention not to renew
this Agreement as contemplated by §1, the “remaining term of this Agreement” shall include the remainder of the then existing term of this Agreement plus 180 days of the renewal period.

16. Ownership of Work Product

With respect to all work produced at any time, directly or indirectly, by the Executive for the Company or the Corporation in the course of both the Executive’s employment and engagement as a contractor by the Company or the Corporation
(“Work Product”), the Executive

	 	 (a) 	 acknowledges and agrees that all right, title and
        interest including, but not limited to, copyright in all Work Product
        has vested and will vest in the Corporation immediately upon its creation,
        and to the extent that any such right, title or interest in any Work Product
        has not vested or does not automatically vest in the Corporation, the
        Executive hereby assigns, transfers and grants to the Corporation, or
        its nominee, all of the Executive’s right, title and interest in
        such Work Product and will execute and deliver all documents and provide
        all assistance necessary both during and subsequent to the Executive’s
        employment and engagement as a contractor by the Company or the Corporation
        to enable the Corporation to perfect and maintain its title to, and to
        obtain for itself or its nominee copyright or patent registrations and
        other legal protection in respect of the Work Product in any jurisdiction,

	 	 	 
	 	 (b) 	 acknowledges and agrees that any failure of the Corporation
        to request or obtain any additional formal assignment of any Work Product
        will not affect the Corporation’s ownership thereof,

 - 7 -

	 	 (c) 	 hereby irrevocably waives in favour of the Corporation,
        and agrees not to assert, any moral rights the Executive may have or may
        acquire in any Work Product and will provide written waivers from time
        to time as requested by the Corporation,

	 	 	 
	 	 (d) 	 agrees not to challenge the validity of the Corporation’s
        right, title and interest in and to any Work Product both during and subsequent
        to the Executive’s employment and engagement as a contractor by the
        Corporation, and

	 	 	 
	 	 (e) 	 upon any termination of the Executive as an employee
        of the Corporation, will promptly deliver to the Corporation all Work
        Product in the Executive’s possession or under his control.

The foregoing covenants and agreements set forth in this §16 are separate and distinct covenants and agreements and will be enforceable after the termination of the Executive’s employment.

17. Confidentiality

The Executive acknowledges and agrees that:

	 	 (a) 	 in the course of performing the Executive’s duties
        and responsibilities as an officer of the Corporation, he has had and
        will continue in the future to have access to and has been and will be
        entrusted with detailed confidential information and trade secrets (printed
        or otherwise) concerning past, present, future and contemplated products,
        services, operations and marketing techniques and procedures of the Corporation
        and its subsidiaries, including, without limitation, information relating
        to the identity of, addresses, preferences, needs and requirements of
        past, present and prospective clients, customers, suppliers and employees
        of the Corporation and its subsidiaries (collectively, “Trade Secrets”),
        the disclosure of any of which to competitors of the Corporation or to
        the general public, or the use of same by the Executive or any competitor
        of the Corporation or any of its subsidiaries would be highly detrimental
        to the interests of the Corporation;

	 	 	 
	 	 (b) 	 in the course of performing the Executive’s duties
        and responsibilities for the Corporation, the Executive has been and will
        continue in the future to be a representative of the Corporation to its
        customers, clients and suppliers and as such has had and will continue
        in the future to have significant responsibility for maintaining and enhancing
        the goodwill of the Corporation with such customers, clients and suppliers
        and would not have, except by virtue of the Executive’s employment
        with the Corporation, developed a close and direct relationship with the
        customers, clients and suppliers of the Corporation;

	 	 	 
	 	 (c) 	 the Executive, as an officer of the Corporation, owes
        fiduciary duties to the Corporation, including the duty to act in the
        best interests of the Corporation; and

	 	 	 
	 	 (d) 	 the right to maintain the confidentiality of the Trade
        Secrets, the right to preserve the goodwill of the Corporation and the
        right to the benefit of any relationships that have developed between
        the Executive and the customers, clients and suppliers of the Corporation
        by virtue of the Executive's employment with the Corporation constitute
        proprietary rights of the Corporation, which the Corporation is entitled
        to protect.

 - 8 -

In acknowledgement of the matters described above and in consideration of the payments to be received by the Executive pursuant to this Agreement, the Executive hereby agrees that he will not, during the period commencing on the date hereof and
ending two years following the expiration of the term of this Agreement, directly or indirectly disclose to any person or in any way make use of (other than for the benefit of the Corporation), in any manner, any of the Trade Secrets, provided that
such Trade Secrets shall be deemed not to include information that is or becomes generally available to the public other than as a result of disclosure by the Executive.

18. Personal data

The Executive’s personal data will be recorded, stored and processed for the purposes of personnel administration in accordance with the provisions of the German Federal Data Protection Law. 

19. Non-Solicitation

The Executive hereby agrees that he will not, during the period commencing on the date hereof and ending two years following the expiration of the term of this Agreement, be a party to or abet any solicitation of customers, clients or suppliers of
the Corporation or any of its subsidiaries, to transfer business from the Corporation or any of its subsidiaries to any other person, or seek in any way to persuade or entice any employee of the Corporation or any of its subsidiaries to leave that
employment or to be a party to or abet any such action.

20. Non-Competition

The Executive covenants and agrees with the Corporation that he will not directly or indirectly, during the term of this Agreement, either individually or in partnership, jointly or in conjunction with any person, firm, association, syndicate,
corporation, or any other entity whether as principal, agent, employee or shareholder or in any other manner whatsoever, carry on or be engaged in or be concerned with or interested in, or advise or permit either of their respective names or any
part thereof to be used or employed by or associated with, any person, firm, association, syndicate, corporation, or other entity engaged in or concerned with any business which is the same as or similar to, or in competition with the business of
the Corporation.

21. Disclosure

During the employment period, the Executive shall promptly disclose to the Board of Directors full information concerning any interest, direct or indirect, of the Executive (as owner, shareholder, partner, lender or other investor, director,
officer, employee, consultant or otherwise) or any member of the Executive’s family in any business that is reasonably known to the Executive to purchase or otherwise obtain services or products from, or to sell or otherwise provide services or
products to the Corporation or to any of its suppliers or customers.

22. Return of Materials

All files, forms, brochures, books, materials, written correspondence, memoranda, documents, manuals, computer disks, software products and lists (including lists of customers, suppliers, products and prices) pertaining to the business of the
Corporation or any of its subsidiaries and associates that may come into the possession or control of the Executive shall at all times remain the property of the Corporation or such subsidiary or associate, as the case may be. On termination of the
Executive's employment for any 

 - 9 -

reason, the Executive agrees to deliver promptly to the Corporation all such property of the Corporation in the possession of the Executive or directly or indirectly under the control of the Executive. The Executive agrees not to make for the
Executive’s personal or business use or that of any other party, reproductions or copies of any such property or other property of the Corporation.

23. Governing Law

This Agreement shall be governed by and interpreted and construed in accordance with the laws of Germany.

24. Severability

If any provision of this Agreement, including the breadth or scope of such provision, shall be held by any court of competent jurisdiction to be invalid or unenforceable, in whole or in part, such invalidity or unenforceability shall not affect the
validity or enforceability of the remaining provisions, or part thereof, of this Agreement and such remaining provisions, or part thereof, shall remain enforceable and binding.

25. Enforceability

The Executive hereby confirms and agrees that the covenants and restrictions pertaining to the Executive contained in this Agreement, including, without limitation, those contained in §1 through §22 inclusive, are reasonable and valid and
hereby further acknowledges and agrees that the Corporation would suffer irreparable injury in the event of any breach by the Executive of the Executive’s obligations under any such covenant or restriction. Accordingly, the Executive hereby
acknowledges and agrees that damages would be an inadequate remedy at law in connection with any such breach and that the Corporation shall therefore be entitled in lieu of any action for damages, to temporary and permanent injunctive relief
enjoining and restraining the Executive from any such breach.

26. No Assignment

The Executive may not assign, pledge or encumber the Executive's interest in this Agreement nor assign any of the rights or duties of the Executive under this Agreement without the prior written consent of the Corporation.

27. Successors

This Agreement shall be binding on and enure to the benefit of the successors and assigns of the Corporation and the heirs, executors, personal legal representatives and permitted assigns of the Executive.

28. Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to employment and supersedes all prior agreements and understandings, oral or written, by and between any of the parties with respect to the subject matter hereof.

29. Further Assurances

The parties shall with reasonable diligence, do all such things and provide all such reasonable assurances as may be required to consummate the transactions contemplated by this Agreement, and each party shall 

- 10 -

provide such further documents or instruments required by the
other party as may be reasonably necessary or desirable to give effect to the
purpose of this Agreement and carry out its provisions.

30. Legal Advice

The Executive hereby represents and warrants to the Company and
acknowledges and agrees that he had the opportunity to seek and was encouraged
by the Company to seek independent legal advice prior to the execution and
delivery of this Agreement and that, in the event that he did not avail himself
of that opportunity prior to signing this Agreement, he did so voluntarily
without any undue pressure and agrees that his failure to obtain independent
legal advice shall not be used by him as a defence to the enforcement of his
obligations under this Agreement.

IN WITNESS WHEREOF this Agreement has been executed by the
parties hereto as of the day and year first above written.

	 	)   	 
	Witness 	) 	/s/
      Teyfik Oezcan
	  	) 	Teyfik Oezcan, (the “Executive”), 
	  	) 	Hellotel Deutschland GmbH 
	Name of Witness 	) 	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
		 )   	 
	Witness 	) 	/s/
      Michael Jervis
	  	) 	Michael Jervis, (CEO of the “Corporation”),
    
	  	) 	Turinco Inc. Vancouver B.C. Canada 
		 )   	 
	Name of Witness

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