Document:

AGREEMENT
AND PLAN OF MERGER

      

      BY
AND AMONG

      

      OMNIRELIANT
HOLDINGS, INC.,

      

      OMNIRELIANT
ACQUISITION SUB, INC.,

      

      ABAZIAS.COM,
INC.,

      

      ABAZIAS,
INC., a Delaware corporation

      

      AND

      

      ABAZIAS,
INC., a Nevada corporation

      

      Dated
April 29, 2009

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      TABLE OF
CONTENTS

      

      
        
          
            
              	
                      Section

                    	 
      	
                      Page

                    
	 
      	 
      	 
      
	
                      ARTICLE
      I THER MERGER

                    	 
      
	
                      1.1

                    	
                      TheMerger

                    	
                      2

                    
	
                      1.2

                    	
                      Effective
      Time

                    	
                      2

                    
	
                      1.3

                    	
                      Directors
      and Officers of the Surviving Corporation

                    	
                      2

                    
	
                      1.4

                    	
                      Subsequent
      Actions

                    	
                      2

                    
	 
      	 
      	 
      
	
                      ARTICLE
      II CONVERSION OF SECURITIES AND MERGER CONSIDERATION

                    	 
      
	
                      2.1

                    	
                      Conversion
      of Abazias-DE Common Stock

                    	
                      3

                    
	
                      2.2

                    	
                      Merger
      Consideration

                    	
                      4

                    
	
                      2.3

                    	
                      Exchange
      of Certificates

                    	
                      4

                    
	 
      	 
      	 
      
	
                      ARTICLE
      III CLOSING AND TERMINATION

                    	 
      
	
                      3.1

                    	
                      Closing
      Date

                    	
                      5

                    
	
                      3.2

                    	
                      Termination
      of Agreement

                    	
                      5

                    
	
                      3.3

                    	
                      Procedure
      Upon Termination

                    	
                      5

                    
	
                      3.4

                    	
                      Effect
      of Termination

                    	
                      6

                    
	 
      	 
      	 
      
	
                      ARTICLE
      IV REPRESENTATIONS AND WARRANTIES OF THE TARGET

                    	 
      
	
                      4.1

                    	
                      Organization
      and Good Standing

                    	
                      6

                    
	
                      4.2

                    	
                      Authority

                    	
                      6
      

                    
	
                      4.3

                    	
                      Capital
      Stock

                    	
                      7

                    
	
                      4.4

                    	
                      Basic
      Corporate Records

                    	
                      8
      

                    
	
                      4.5

                    	
                      Minute
      Books

                    	
                      8

                    
	
                      4.6

                    	
                      Subsidiaries
      and Affiliates

                    	
                      8

                    
	
                      4.7

                    	
                      Consents

                    	
                      9
      

                    
	
                      4.8

                    	
                      SEC
      Documents; Finacial Statements

                    	
                      9

                    
	
                      4.9

                    	
                      Statements;
      Joint Proxy Statement Prospectus

                    	
                      10

                    
	
                      4.10

                    	
                      Records
      and Books of Account

                    	
                      10

                    
	
                      4.11

                    	
                      Absence
      of Undisclosed Liabilities

                    	
                      10

                    
	
                      4.12

                    	
                      Taxes

                    	
                      11

                    
	
                      4.13

                    	
                      Account
      Receivable

                    	
                      12

                    
	
                      4.14

                    	
                      Inventory

                    	
                      13

                    
	
                      4.15

                    	
                      Machinery
      and Equipment

                    	
                      13

                    
	
                      4.16

                    	
                      Real
      Property Matters

                    	
                      13

                    
	
                      4.17

                    	
                      Leases

                    	
                      13

                    
	
                      4.18

                    	
                      Patents,
      Software, Trademarks, Etc.

                    	
                      14

                    
	
                      4.19

                    	
                      Insurance
      Policies

                    	
                      14

                    
	
                      4.20

                    	
                      Banking
      and Personnel Lists

                    	
                      15

                    
	
                      4.21

                    	
                      Lists
      of Contracts, Etc.

                    	
                      15

                    

            

          

        

      

       

      
        
           

        

        
          i

          
            

          

        

        
           

        

      

      

      
        
          
            
              	
                      4.22

                    	
                      Compliance
      with the Law

                    	
                      16

                    
	
                      4.23

                    	
                      Litigation,
      Pending Labor Disputes

                    	
                      17

                    
	
                      4.24

                    	
                      Absence
      of Certain Changes or Events

                    	
                      17

                    
	
                      4.25

                    	
                      Product
      Warranties and Product Liabilities

                    	
                      18

                    
	
                      4.26

                    	
                      Assets

                    	
                      19

                    
	
                      4.27

                    	
                      Absence
      of Certain Commercial Practices

                    	
                      19

                    
	
                      4.28

                    	
                      Licenses,
      Permits, Consents and Approvals

                    	
                      19

                    
	
                      4.29

                    	
                      Environmental
      Matters

                    	
                      19

                    
	
                      4.30

                    	
                      Broker

                    	
                      20

                    
	
                      4.31

                    	
                      Related
      Party Transactions

                    	
                      20

                    
	
                      4.32

                    	
                      Patriot
      Act

                    	
                      20

                    
	
                      4.33

                    	
                      Disclosure

                    	
                      20

                    
	 
      	 
      	 
      
	
                      ARTICLE
      V REPRESENTATIONS AND WARRANTIES OF PARENT

                    	 
      
	
                      5.1

                    	
                      Organization
      and Good Standing

                    	
                      21

                    
	
                      5.2

                    	
                      Authority

                    	
                      21

                    
	
                      5.3

                    	
                      Conflicts;
      Consents of Third Parties

                    	
                      21

                    
	
                      5.4

                    	
                      SEC
      Documents; Financial Statements

                    	
                      22

                    
	
                      5.5

                    	
                      Statements;
      Joint Proxy Statement/Prospectus

                    	
                      22

                    
	
                      5.6

                    	
                      Litigation

                    	
                      23

                    
	
                      5.7

                    	
                      Reserved

                    	
                      23

                    
	
                      5.8

                    	
                      Broker

                    	
                      23

                    
	
                      5.9

                    	
                      Patriot
      Act

                    	
                      23

                    
	
                      5.10

                    	
                      Due
      Authorization of Parent Preferred Stock

                    	
                      23

                    
	 
      	 
      	 
      
	
                      ARTICLE
      VI COVENANTS

                    	 
      
	
                      6.1

                    	
                      Covenants

                    	
                      24

                    
	
                      6.2

                    	
                      Access
      to Information

                    	
                      25

                    
	
                      6.3

                    	
                      Conduct
      of the Business Pending the Closing

                    	
                      25

                    
	
                      6.4

                    	
                      Consents

                    	
                      28

                    
	
                      6.5

                    	
                      Other
      Actions

                    	
                      28

                    
	
                      6.6

                    	
                      No
      Solicitation; Alternate Transaction

                    	
                      28

                    
	
                      6.7

                    	
                      Publicity

                    	
                      29

                    
	
                      6.8

                    	
                      Use
      of Name

                    	
                      29

                    
	
                      6.9

                    	
                      Employment
      Agreements

                    	
                      29

                    
	
                      6.10

                    	
                      Non-Competition

                    	
                      29

                    
	
                      6.11

                    	
                      Additional
      Funding

                    	
                      30

                    
	 
      	 
      	 
      
	
                      ARTICLE
      VII CONDITIONS TO CLOSING

                    	 
      
	
                      7.1

                    	
                      Conditions
      Precedent to Obligations of Parent

                    	
                      30

                    
	
                      7.2

                    	
                      ConditionsPrecedent
      to Obligations of the Target

                    	
                      31

                    
	 
      	 
      	 
      
	
                      ARTICLE
      VIII DOCUMENTS TO BE DELIVERED

                    	 
      
	
                      8.1

                    	
                      Documents
      to be Delivered by the Target

                    	
                      32

                    
	
                      8.2

                    	
                      Documents
      to be Delivered by the Parent

                    	
                      32

                    

            

          

        

      

       

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

      

      
        
          
            
              	
                      ARTICLE
      IX INDEMNIFICATION

                    	 
      
	
                      9.1

                    	
                      Indemnification

                    	
                      33

                    
	
                      9.2

                    	
                      Limitations
      on Indemnification for Breaches of Representations and
      Warranties

                    	
                      34

                    
	
                      9.3

                    	
                      Indemnification
      Procedures

                    	
                      35

                    
	 
      	 
      	 
      
	
                      ARTICLE
      X MISCELLANEOUS

                    	 
      
	
                      10.1

                    	
                      Payment
      of Sales, Use or Similar Taxes

                    	
                      36

                    
	
                      10.2

                    	
                      Survival
      of Representations and Warranties

                    	
                      36

                    
	
                      10.3

                    	
                      Expenses

                    	
                      36

                    
	
                      10.4

                    	
                      Further
      Assurances

                    	
                      36

                    
	
                      10.5

                    	
                      Submission
      to Jurisdiction; Consent to Service of Process

                    	
                      36

                    
	
                      10.6

                    	
                      Entire
      Agreement; Amendments and Waivers

                    	
                      37

                    
	
                      10.7

                    	
                      Governing
      Law

                    	
                      37

                    
	
                      10.8

                    	
                      Table
      of Contents and Headings

                    	
                      37

                    
	
                      10.9

                    	
                      Notices

                    	
                      37

                    
	
                      10.10

                    	
                      Severability

                    	
                      38

                    
	
                      10.11

                    	
                      Binding
      Effect; Assignment

                    	
                      38

                    

            

          

        

      

       

      
        
           

        

        
          iii

          
            

          

        

        
           

        

      

    AGREEMENT
AND PLAN OF MERGER

    

    AGREEMENT
AND PLAN OF MERGER (hereinafter referred to as the “Agreement”) is dated as of
April 29, 2009  by and among OMNIRELIANT HOLDINGS, INC., a corporation
existing under the laws of Nevada (the “Parent”) OMNIRELIANT ACQUISITION SUB,
INC., a corporation existing under the laws of Nevada and a wholly owned
subsidiary of Parent (“Merger Sub”),   ABAZIAS, INC. a
corporation existing under the laws of Delaware
(“Abazias-DE”),  ABAZIAS, INC., a Nevada corporation and a wholly
owned subsidiary of Abazias-DE (Abazias-NV), ABAZIAS.COM, INC., a corporation
existing under the laws of Nevada and a wholly owned subsidiary of Abazias-NV
(“Abazias.com”, together with Abazias-DE, and Abazias-NV shall be collectively
referred to herein as the “Target”).

    

    WITNESSETH:

     

    WHEREAS, pursuant to the Stock Purchase
Agreement by and among Parent, Abazias-NV and Abazias.com, dated December 3,
2008 (the “Stock Purchase Agreement”) and the Amended Stock Purchase Agreement
by and among Parent, Merger Sub, Abazias-DE, Abazias-NV, and Abazias.com, Inc.,
dated February 5, 2009, (the “Amended Stock Purchase Agreement”)(collectively
the Stock Purchase Agreement and the Amended Stock Purchase Agreement shall be
referred to herein as the “Purchase Agreements”), Parent, Merger Sub and
Abazias-DE unanimously approved and declared advisable the acquisition of the
Target by Parent  by means of the merger of Abazias-DE upon the terms
and subject to the conditions set forth therein;

    

    WHEREAS, the parties hereto desire to
enter into this Agreement to supersede the Purchase Agreements, as more
particularly set forth below;

    

                           WHEREAS,
the board of directors of each of Parent, Merger Sub and Abazias-DE has
unanimously approved and declared advisable the acquisition of the Target by
Parent  by means of the merger of Abazias-DE with and into Merger Sub
upon the terms and subject to the conditions set forth herein and have approved
and declared advisable this Amendment;

    

            WHEREAS,
for federal income tax purposes, it is intended that the merger shall qualify as
a reorganization under the provisions of Section 368 of the Internal Revenue
Code of 1986, as amended, and any successor statute (the "Code").

    

            NOW,
THEREFORE, in consideration of the above premises, the mutual covenants and
agreements stated herein and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto agree as
follows, to be effective as of the date hereof:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    ARTICLE
I

    THE
MERGER

     

    1.1   
       The
Merger

    

                  
 (a)         Upon the terms
and subject to the conditions set forth in this Agreement, at the Effective
Time, Abazias-DE and Merger Sub shall consummate a merger (the "Merger") pursuant to
which (i) Abazias-DE shall be merged with and into Merger Sub and the separate
corporate existence of Abazias-DE shall thereupon cease, (ii) Merger Sub
shall be the successor or surviving corporation in the Merger and shall continue
to be governed by the Laws of the State of Nevada, and (iii) the separate
corporate existence of Merger Sub with all its rights, privileges,
immunities, powers and franchises shall continue unaffected by the
Merger.  The corporation surviving the Merger is sometimes hereinafter
referred to as the "Surviving Corporation."  The Merger shall have the
effects set forth under the Laws of the State of Nevada.

     

    (b)         The
Certificate of Incorporation of Merger Sub, as in effect immediately prior to
the Effective Time, shall be the Certificate of Incorporation of the Surviving
Corporation, until thereafter amended as provided by Law and such Certificate of
Incorporation.

     

    (c)         The
Bylaws of Merger Sub, as in effect immediately prior to the Effective Time,
shall be the Bylaws of the Surviving Corporation, until thereafter amended as
provided by Law, the Certificate of Incorporation of the Surviving Corporation
and such Bylaws.

     

    1.2          
Effective
Time.  Subject to the provisions of this Agreement, on the
Closing Date, the parties shall (i) file the appropriate Certificate of Merger
in such form as is required by and executed in accordance with the relevant
provisions of the Nevada Revised Statutes (“NRS”) and the Delaware General
Corporation Law (“DGCL”) and (ii) make all other filings or recordings required
under the NRS and DGCL.  The Merger will become effective at such time
as the Certificate of Merger is duly filed with the Secretary of State of the
State of Nevada and Delaware, or at such subsequent date or time as and Merger
Sub agree and specify in the Certificate of Merger (such time hereinafter
referred to as the "Effective
Time").

     

    1.3           Directors and Officers of
the Surviving Corporation.  The directors of Abazias-DE
immediately prior to the Effective Time shall, from and after the Effective
Time, be the directors of the Surviving Corporation, and the officers of
Abazias-DE immediately prior to the Effective Time shall, from and after the
Effective Time, be the officers of the Surviving Corporation, in each case until
their respective successors shall have been duly elected, designated or
qualified, or until their earlier death, resignation or removal in accordance
with the Surviving Corporation's Certificate of Incorporation and
Bylaws.

     

    1.4         
 Subsequent
Actions.  If at any time after the Effective Time the Surviving
Corporation shall determine, in its reasonable discretion, that any actions are
necessary or desirable to vest, perfect or confirm of record or otherwise in the
Surviving Corporation its right, title or interest in, to, or under any of the
rights, properties or assets of either of Abazias-DE or Merger Sub acquired or
to be acquired by the Surviving Corporation as a result of, or in connection
with, the Merger or otherwise to carry out this Agreement, then the officers and
directors of the Surviving Corporation shall be authorized take all such actions
as may be necessary or desirable to vest all right, title or interest in, to and
under such rights, properties or assets in the Surviving Corporation or
otherwise to carry out this Agreement.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    ARTICLE
II

    CONVERSION
OF SECURITIES AND MERGER CONSIDERATION

     

    2.1           Conversion of Abazias-DE
Common Stock.  As of the Effective Time, by virtue of the
Merger and without any action on the part of the holders of any shares of common
stock of Abazias-DE (“Abazias-DE Common Stock”), or of Merger Sub :

     

    (a)         Each
outstanding share of Merger Sub common stock shall remain outstanding and
shall constitute the only issued and outstanding shares of common stock of the
Surviving Corporation.  At all times, both before and after the
Merger, One Hundred Percent (100%) of Merger Sub’s common stock will be owned by
Parent.

     

    (b)         All
shares of Abazias-DE Common Stock (the “Abazias-DE Shares”) that are owned by
Abazias-DE as treasury stock shall be cancelled and retired, and no
consideration shall be delivered in exchange therefor.

     

    (c)         Each
outstanding Abazias-DE Share, (other than Abazias-DE Shares to be cancelled in
accordance with Section 2.1(b) and
other than Dissenting Shares) shall be converted into the right to receive, and
shall be exchangeable for the merger consideration identified in Section 2.2
hereafter.   At the Effective Time, all Abazias-DE Shares
converted into the right to receive the Merger Consideration pursuant to this
Section 2.1(c)
shall no longer be outstanding and shall automatically be cancelled and shall
cease to exist, and each holder of a certificate (or, in the case of
uncertificated Abazias-DE Shares, evidence of such Abazias-DE Shares in
book-entry form) which immediately prior to the Effective Time represented any
such Abazias-DE Shares (each, a "Certificate") shall
cease to have any rights with respect thereto, except the right to receive the
Merger Consideration.  Notwithstanding the foregoing, if between the
date of this Agreement and the Effective Time, the shares of outstanding
Abazias-DE Common Stock shall have been changed into a different number of
shares or a different class, by reason of the occurrence or record date of any
stock dividend, subdivision, reclassification, recapitalization, split,
combination, exchange of shares or similar transaction, then the Merger
Consideration shall be appropriately adjusted to reflect such
action.

     

    (d)         Dissenting
Shares.

     

    (i)           Abazias-DE
Shares that are issued and outstanding immediately prior to the Effective Time
and which are held by holders who have not voted in favor of or consented to the
Merger and who are entitled to demand and have properly demanded their rights to
be paid the fair value of such Shares in accordance with Section 262 of the DGCL
(the "Dissenting
Shares") shall not be cancelled and converted into the right to receive
the Merger Consideration, and the holders thereof shall be entitled to only such
rights as are granted by Section 262 of the DGCL; provided, however, that if
any such stockholder of shall fail to perfect or shall effectively waive,
withdraw or lose such stockholder's rights under Section 262 of the DGCL, such
stockholder's Dissenting Shares in respect of which the stockholder would
otherwise be entitled to receive fair value under Section 262 of the DGCL shall
thereupon be deemed to have been cancelled, at the Effective Time, and the
holder thereof shall be entitled to receive the Merger Consideration (payable
without any interest thereon) as compensation for such
cancellation.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (ii)           Abazias-DE
shall give Parent (A) prompt notice of any notice received by Abazias-DE of
intent to demand the fair value of any Shares, withdrawals of such notices and
any other instruments or notices served pursuant to Section 262 of the DGCL and
(B) the opportunity to direct all negotiations and proceedings with respect to
the exercise of appraisal rights under Section 262 of the
DGCL.  Abazias-DE shall not, except with the prior written consent of
Parent or as otherwise required by an order of a governmental body of competent
jurisdiction, (x) make any payment or other commitment with respect to any such
exercise of appraisal rights, (y) offer to settle or settle any such rights or
(z) waive any failure to timely deliver a written demand for appraisal or timely
take any other action to perfect appraisal rights in accordance with the
DGCL.

     

    2.2           Merger
Consideration.

    

     (a)           The
Merger Consideration, consisting of the total purchase price payable to the
shareholders of Abazias-DE in connection with the acquisition by merger of
Abazias-DE, shall be delivered and shall consist exclusively of 13,001,000 newly
issued shares of Series E Zero Coupon Convertible Preferred Stock, of Parent
(the "Preferred Stock").  The Preferred Stock shall be convertible
into shares of common stock of Parent in accordance with the terms of, and the
Preferred Stock shall have those rights, preferences and designations set forth
in, that certain Certificate of Designation, Preferences and Rights of Preferred
Stock (the "Certificate Of Designation"), a true and correct copy of which is
attached hereto and made a part hereof as Exhibit A.

    

    (b)           The
Merger Consideration shall be allocated among Abazias-DE’s stockholders in the
proportion of their share ownership of the outstanding shares of Abazias-DE
immediately prior to the Closing Date. It is intended that the delivery of
the Merger Consideration shall qualify as a tax-free exchange under the
Code.

    

    (c)           The
Preferred Stock to be delivered at the Closing shall be fully paid and
non-assessable and shall be free and clear of all liens, levies and
encumbrances.

       

    2.3          Exchange of
Certificates.

    

    (a)           Merger
Consideration may be made to a person other than the person in whose name the
Certificate so surrendered is registered if such Certificate shall be properly
endorsed or otherwise be in proper form for transfer and the person requesting
such payment shall pay any transfer or other Taxes required by reason of
the transfer or establish to the reasonable satisfaction of Parent that such
Taxes have been paid or are not applicable. Until surrendered, each Certificate
shall be deemed at any time after the Effective Time to represent only the right
to receive upon such surrender the Merger Consideration.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    (b)            The
Merger Consideration in accordance with the terms of this Article shall be
deemed to have been paid in full satisfaction of all rights pertaining to the
Shares formerly represented by such Certificates.  At the close of
business on the day on which the Effective Time occurs, the share transfer books
of Abazias-DE shall be closed, and there shall be no further registration of
transfers on the share transfer books of the Surviving Corporation of Abazias-DE
Shares that were outstanding immediately prior to the Effective Time. If, after
the Effective Time, any Certificate is presented to the Surviving Corporation
for transfer, it shall be cancelled against delivery of and exchanged as
provided in this Article.

    

    (c)         
   No fraction of a share of Preferred Stock will be issued by
virtue of the Agreement, but in lieu thereof each holder of shares of Abazias-DE
Common Stock who would otherwise be entitled to receive a fraction of a share of
Preferred Stock (after aggregating all fractional shares of Preferred Stock that
otherwise would be received by such holder) shall receive from Parent one
additional share of Preferred Stock.

    

    ARTICLE
III

    CLOSING
AND TERMINATION

     

    3.1           Closing
Date.

     

    Subject
to the satisfaction of the conditions set forth in Sections 7.1 and 7.2 hereof,
the closing of the Merger and the other transactions contemplated by this
Agreement shall take place on such date as the Target and the Parent may
designate (the “Closing Date”).

    

    3.2           Termination of
Agreement.

     

     This
Agreement may be terminated prior to the Closing as follows:

     

    (a)           At
the election of Target or the Parent on or after June 30, 2009 if the Closing
shall not have occurred by the close of business on such date, provided that the
terminating party is not in default of any of its obligations
hereunder;

     

    (b)           by
mutual written consent of the Target and the Parent; or

     

    (c)           by
Target or Parent if there shall be in effect a final non-appealable order of a
governmental body of competent jurisdiction restraining, enjoining or otherwise
prohibiting the consummation of the transactions contemplated hereby; it being
agreed that the parties hereto shall promptly appeal any adverse determination
which is not non-appealable (and pursue such appeal with reasonable
diligence).

     

    3.3           Procedure Upon
Termination.

     

    In the
event of termination and abandonment by Parent or the Target, or both, pursuant
to Section 3.2 hereof, written notice thereof shall forthwith be given to the
other party or parties, and this Agreement shall terminate, and the purchase of
the Shares hereunder shall be abandoned, without further action by the Parent or
the Target.  If this Agreement is terminated as provided herein, each
party shall redeliver all documents, work papers and other material of any other
party relating to the transactions contemplated hereby, whether so obtained
before or after the execution hereof, to the party furnishing the
same.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
 

    3.4           Effect of
Termination.

     

    With the
exception of those items listed in Section 6.6, in the event that this Agreement
is validly terminated as provided herein, then each of the parties shall be
relieved of their duties and obligations arising under this Agreement after the
date of such termination and such termination shall be without liability to the
Parent or Target; provided, further, however, that nothing in this Section 3.4
shall relieve the Parent or Target of any liability for a breach of this
Agreement and/or the confidentiality provisions of the Confidentiality Agreement
executed by the parties as of the date of this Agreement (the “Confidentiality
Agreement”), which confidentiality provisions shall remain in full force and
effect.

     

    ARTICLE
IV

    REPRESENTATIONS
AND WARRANTIES OF THE TARGET

    

    For
purposes of this Agreement, any statement made to the knowledge of Abazias-DE
shall mean the knowledge of Target.  Target shall be deemed to have
“knowledge” of a particular fact or other matter if Target is actually aware of
such fact or other matter, or should, by reason of his or her position as an
owner, director or executive officer of Abazias-DE, reasonably be expected to be
aware of such fact or other matter.  Additionally, all representations
made by Target in the Note Purchase Agreement dated August 12, 2008 and attached
hereto as Exhibit C shall have full force and effect shall be incorporated
herein.

     

    The
Target hereby represents and warrants to the Parent that:

    

    4.1.          Organization and Good
Standing of Abazias-DE.  Abazias-DE is a corporation duly
organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation as set forth above. Except as otherwise
provided herein, Abazias-DE is not required to be qualified to transact business
in any other jurisdiction where the failure to so qualify would have a material
adverse effect on the business or operations of Abazias-DE (“Material Adverse
Affect”).

    

    4.2.          Authority.

    

    (a)           Abazias-DE
has full power and authority (corporate and otherwise) to carry on its business
and has all permits and licenses that are necessary to the conduct of its
business or to the ownership, lease or operation of its properties and assets,
except where the failure to have such permits and licenses would not have a
Material Adverse Effect.

    

    (b)           The
execution of this Agreement and the delivery hereof to the Parent and the sale
contemplated herein have been, or will be prior to Closing, duly authorized by
Abazias-DE’s Board of Directors and by Abazias-DE’s stockholders having full
power and authority to authorize such actions.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (c)           Subject
to any consents required under Section 4.7 below, Abazias-DE has the full legal
right, power and authority to execute, deliver and carry out the terms and
provisions of this Agreement; and this Agreement has been duly and validly
executed and delivered on behalf of Target and Abazias-DE and constitutes a
valid and binding obligation of each Target and Abazias-DE enforceable in
accordance with its terms, except as limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or affecting generally
the enforcement of creditor’s rights.

    

    (d)           The
execution and delivery of this Agreement, the consummation of the transactions
herein contemplated, nor compliance with the terms of this Agreement will
violate, conflict with, result in a breach of, or constitute a default under any
statute, regulation, indenture, mortgage, loan agreement, or other agreement or
instrument to which Abazias-DE or Target is a party or by which it or any of
them is bound, any charter, regulation, or bylaw provision of Abazias-DE, or any
decree, order, or rule of any court or governmental authority or arbitrator that
is binding on Abazias-DE or Target in any way, except where such would not have
a Material Adverse Effect.

    

    4.3.           Capital
Stock.

    

    (a)           Abazias-DE’s
authorized capital stock consists of 150,000,000 shares of Common Stock, $0.001
par value per share, of which 3,165,522 shares are issued and outstanding and
1,000,000 shares of Preferred  Stock, $0.001 par value per share, of
which no shares are issued and outstanding.  All of the shares are
duly authorized, validly issued, fully paid and non-assessable.

    

    (b)           Abazias-NV
is the lawful record and beneficial owners of all the Abazias.com Shares, free
and clear of any liens, pledges, encumbrances, charges, claims or restrictions
of any kind, except as set forth in Schedule 4.3, and has, or will have on the
Closing Date, the absolute, unilateral right, power, authority and capacity to
enter into and perform this Agreement without any other or further
authorization, action or proceeding, except as specified herein.

    

    (c)           Abazias-DE
is the lawful record and beneficial owner of all of the issued and outstanding
capital stock of Abazias-NV, free and clear of any liens, pledges, encumbrances,
charges, claims or restrictions of any kind, except as set forth in Schedule
4.3, and has, or will have on the Closing Date, the absolute, unilateral right,
power, authority and capacity to enter into and perform this Agreement without
any other or further authorization, action or proceeding, except as specified
herein.

    

    (d)           There
are no authorized or outstanding subscriptions, options, warrants, calls,
contracts, demands, commitments, convertible securities or other agreements or
arrangements of any character or nature whatever under which Abazias-DE,
Abazias-NV or Abazias.com are or may become obligated to issue, assign or
transfer any shares of capital stock of Abazias-DE, Abazias-NV or Abazias.com,
except as set forth in Schedule 4.3.  Those outstanding subscriptions,
options, warrants, calls, contracts, demands, commitments, convertible
securities or other agreements are being provided for disclosure purposes and
will not be acquired by Parent and will be cancelled by
Abazias-DE.

    
      
         

      

      
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    4.4.           Basic Corporate
Records.  The copies of the Articles of Incorporation of
Abazias-DE (certified by the Secretary of State or other authorized official of
the jurisdiction of incorporation), and the Bylaws of Abazias-DE, as the case
may be (certified as of the date of this Agreement as true, correct and complete
by Abazias-DE’s secretary or assistant secretary), all of which have been
delivered to the Parent, are true, correct and complete as of the date of this
Agreement.

    

    4.5.           Minute
Books.  The minute books of Abazias-DE, which shall be
exhibited to the Parent between the date hereof and the Closing Date, each
contain true, correct and complete minutes and records of all meetings,
proceedings and other actions of the shareholders, Boards of Directors and
committees of such Boards of Directors of Abazias-DE, if any, except where such
would not have a Material Adverse Effect and, on the Closing Date, will, to the
best of Target’s knowledge, contain true, correct and complete minutes and
records of any meetings, proceedings and other actions of the shareholders and
the Board of Directors and committees of such Board of Directors of
Abazias-DE.

    

    4.6.           Subsidiaries and
Affiliates.  Any and all businesses, entities, enterprises and
organizations in which Abazias-DE has any ownership, voting or profit and loss
sharing percentage interest (the “Subsidiaries”) as well as any and all
businesses, entities, enterprises and organizations which has any ownership,
voting or profit and loss sharing percentage interest in Abazias-DE, are
identified in Schedule 4.6 hereto, together with the interest
therein.  Unless the context requires otherwise or specifically
designated to the contrary on Schedule 4.6 hereto, “Abazias-DE” as used in this
Agreement shall include all such Subsidiaries and Affiliates.  Except
as set forth in Schedule 4.6, Abazias-DE has made no advances to, or investments
in, nor owns beneficially or of record, any securities of or other interest in,
any business, entity, enterprise or organization, Each entity shown on Schedule
4.6 is duly organized, validly existing and in good standing under the laws of
the jurisdiction of its incorporation, and has full corporate power to own all
of its property and to carry on its business as it is now being
conducted.  Also set forth on Schedule 4.6 is a list of jurisdictions
in which each Subsidiary is qualified as a foreign corporation.  Such
jurisdictions are the only jurisdictions in which the ownership or leasing of
property by each Subsidiary or the conduct of its business requires it to be so
qualified.  All of the outstanding shares of capital stock of each
Subsidiary have been duly authorized and validly issued, are fully paid and
nonassessable, and, except as set forth on Schedule 4.6, are owned, of record
and beneficially, by Abazias-DE, and on the Closing Date will be owned by
Abazias-DE , free and clear of all liens, encumbrances, equities, options or
claims whatsoever.  No Subsidiary has outstanding any other equity
securities or securities options, warrants or rights of any kind that are
convertible into equity securities of Abazias-DE, except as set forth on
Schedule 4.6.  Notwithstanding the above, those equity securities or
securities options, warrants or rights of any kind that are convertible into
equity securities listed on Schedule 4.6,  shall not be acquired by
Parent in the Merger.  After the Closing of the Merger,
all  equity securities or securities options, warrants or rights of
any kind that are convertible into equity securities listed on Schedule 4.6
shall be cancelled.

    
      
         

      

      
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    4.7.           Consents.  No
consent, approval, order or authorization of, or registration, declaration or
filing with any court, administrative agency or commission or other governmental
authority or instrumentality (“Governmental Entity”) is required by or with
respect to

     

    Abazias-DE
in connection with the execution and delivery of this Agreement or
the consummation of the transactions contemplated hereby, except for (i)
the filing of a Form S-4 Registration Statement (the “S-4”) with the Securities
and Exchange Commission (“SEC”) in accordance with the Securities Act of 1933,
as amended (the “Securities Act”), (ii) the filing of the Joint Proxy
Statement/Prospectus (as defined in Section 4.8) with the SEC in accordance with
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), (iv) such
consents, approvals, orders, authorizations, registrations, declarations and
filings as may be required under applicable federal and state securities laws,
and (v) such other consents, authorizations, filings, approvals and
registrations which, if not obtained or made, individually or in the aggregate,
would not be reasonably likely to have a Material Adverse Effect.

     

    4.8           SEC Documents; Financial
Statements.  Except as
disclosed in Schedule 4.8:

     

    (a)  Abazias-DE has filed all
forms, reports and documents required to be filed with the SEC since its October
3, 2003 merger with Hunno Technologies, Inc. All such required forms, reports
and documents (including those that Abazias-DE may file subsequent to the date
hereof) are referred to herein as the “Abazias-DE SEC Reports.” As of their
respective dates, Abazias-DE SEC Reports (i) were prepared in accordance 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
Abazias-DE SEC Reports, and (ii) did not at the time they were filed (or if
amended or superseded by a filing prior to the date of this Agreement, then on
the date of such filing) contain any untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which they
were made, not misleading.

     

    (b)          Each
of the consolidated financial statements (including, in each case, any related
notes thereto) contained in Abazias-DE SEC Reports (the “Abazias-DE
Financials”), including any Abazias-DE SEC Reports filed after the date hereof
until the Closing, as of their respective dates, (i) complied as to form in all
material respects with the published rules and regulations of the SEC with
respect thereto, (ii) was prepared in accordance with generally accepted
accounting principles (“GAAP”) applied on a consistent basis throughout the
periods involved (except as may be indicated in the notes thereto or, in the
case of unaudited interim financial statements, as may be permitted by the SEC
on Form 10-Q under the Exchange Act) and (iii) fairly presented the
consolidated financial position of Abazias-DE and its Subsidiaries at the
respective dates thereof and the consolidated results of its operations and cash
flows for the periods indicated, except that the unaudited interim financial
statements were or are subject to normal and recurring year-end adjustments
which were not, or are not expected to be, material in amount.  The
balance sheet of Abazias-DE as of December 31, 2008, is hereinafter referred to
as the “Abazias-DE Balance Sheet Date.”  Except as disclosed in
Abazias-DE Financials, neither Abazias-DE nor any of its Subsidiaries has any
liabilities (absolute, accrued, contingent or otherwise) of a nature required to
be disclosed on a balance sheet or in the related notes to the consolidated
financial statements prepared in accordance with GAAP which are, individually or
in the aggregate, material to the business, results of operations or financial
condition of Abazias-DE and its Subsidiaries taken as a whole, except
liabilities (i) provided for in Abazias-DE Balance Sheet, or (ii) incurred since
the date of Abazias-DE Balance Sheet in the ordinary course of business
consistent with past practices and which would not reasonably be expected to
have a Abazias-DE Material Adverse Effect.

     

    
      
         

      

      
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    4.9            Statements; Joint Proxy
Statement/Prospectus.

     

    None of
the information supplied or to be supplied by Abazias-DE for inclusion or
incorporation by reference in (i) the S-4 will at the time it becomes effective
under the Securities Act, contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary in
order to make the statements therein not misleading and (ii) the proxy
statement/prospectus to be sent to the stockholders of Abazias-DE in connection
with the meetings of Abazias-DE’s stockholders and Abazias-DE's stockholders to
consider the adoption of this Agreement (collectively the “Abazias-DE
Stockholders' Meeting”) (such joint proxy statement/prospectus as amended or
supplemented is referred to herein as the “Joint Proxy Statement/Prospectus”)
shall not, on the date the Joint Proxy Statement/Prospectus is first mailed to
Abazias-DE's stockholders, at the time of Abazias-DE Stockholders' Meeting and
at the Closing Date, contain any untrue statement of a material fact or omit to
state any material fact required to be stated therein or necessary in order to
make the statements therein, in light of the circumstances under which they are
made, not false or misleading, or omit to state any material fact necessary to
correct any statement in any earlier communication with respect to the
solicitation of proxies for Abazias-DE Stockholders' Meeting which has become
false or misleading. The Joint Proxy Statement/Prospectus will comply as to form
in all material respects with the provisions of the Exchange Act and the rules
and regulations thereunder. If at any time prior to the Closing Date, any event
relating to Abazias-DE or any of its affiliates, officers or directors should be
discovered by Abazias-DE which should be set forth in an amendment to the S-4 or
a supplement to the Joint Proxy Statement/Prospectus, Abazias-DE shall promptly
inform Parent.

    

    4.10           Records and Books of
Account.  The records and books of account of Abazias-DE
reflect all material items of income and expense and all material assets,
liabilities and accruals, have been, and to the Closing Date will be, regularly
kept and maintained in conformity with GAAP applied on a consistent basis with
preceding years.

    

    4.11           Absence of Undisclosed
Liabilities.  Except as and to the extent  disclosed
in Schedule 4.11, there are no liabilities or obligations of Abazias-DE of any
kind whatsoever exceeding $5,000,  individually or in the aggregate,
whether accrued, fixed, absolute, contingent, determined or determinable, and
including without limitation (i) liabilities to former, retired or active
employees of Abazias-DE under any pension, health and welfare benefit plan,
vacation plan or other plan of Abazias-DE, (ii) liabilities to a parent company
or subsidiary, (iii) contingent liabilities in the nature of an
endorsement, guarantee, indemnity or warranty, and there is no condition,
situation or circumstance existing or which has existed that could reasonably be
expected to result in any liability of Abazias-DE which is of a nature that
would be required to be disclosed on its Financial Statements in accordance with
GAAP, other than liabilities and contingent liabilities incurred in the ordinary
course of business, none of which is materially adverse to
Abazias-DE.

    
      
         

      

      
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    4.12         Taxes.

    

    (a)           For
purposes of this Agreement, “Tax” or “Taxes” refers to:  (i) any and
all federal, state, local and foreign taxes, assessments and other governmental
charges, duties, impositions and liabilities relating to taxes, including taxes
based upon or measured by gross receipts, income, profits, sales, use and
occupation, and value added, ad valorem, transfer, franchise, withholding,
payroll, recapture, employment, excise and property taxes and escheatment
payments, together with all interest, penalties and additions imposed with
respect to such amounts and any obligations under any agreements or arrangements
with any other person with respect to such amounts and including any liability
for taxes of a predecessor entity; (ii) any liability for the payment of any
amounts of the type described in clause (i) as a result of being or ceasing to
be a member of an affiliated, consolidated, combined or unitary group for any
period (including, without limitation, any liability under Treas. Reg.
Section 1.1502-6 or any comparable provision of foreign, state or local
law); and (iii) any liability for the payment of any amounts of the type
described in clause (i) or (ii) as a result of any express or implied obligation
to indemnify any other person or as a result of any obligations under any
agreements or arrangements with any other person with respect to such amounts
and including any liability for taxes of a predecessor entity.

    

    (b)           (i)           Abazias-DE
has timely filed all federal, state, local and foreign returns, estimates,
information statements and reports (“Tax Returns”) relating to Taxes required to
be filed by Abazias-DE with any Tax authority effective through the Closing
Date.  All such Returns are true, correct and complete in all
respects, except for immaterial amounts where such would not have a Material
Adverse Effect.  Abazias-DE has paid all Taxes shown to be due on such
Returns.  Except as listed on Schedule 4.12 hereto, Abazias-DE is not
currently the beneficiary of any extensions of time within which to file any
Returns. Abazias-DE and Abazias-DE have furnished and made available to the
Parent complete and accurate copies of all income and other Tax Returns and any
amendments thereto filed by Abazias-DE in the last three (3) years.

    

    (ii)           Abazias-DE,
as of the Closing Date, will have withheld and accrued or paid to the proper
authority all Taxes required to have been withheld and accrued or paid, except
for immaterial amounts where such would not have a Material Adverse
Effect.

    

    (iii)          Abazias-DE
has not been delinquent in the payment of any Tax nor is there any Tax
deficiency outstanding or assessed against Abazias-DE.  Abazias-DE has
not executed any unexpired waiver of any statute of limitations on or extending
the period for the assessment or collection of any Tax.

    
      
         

      

      
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    (iv)         There
is no dispute, claim, or proposed adjustment concerning any Tax liability of
Abazias-DE either (A) claimed or raised by any Tax authority in writing or
(B)  based upon personal contact with any agent of such Tax authority, and
there is no claim for assessment, deficiency, or collection of Taxes, or
proposed assessment, deficiency or collection from the Internal Revenue Service
or any other governmental authority against Abazias-DE which has not been
satisfied.  Abazias-DE is not a party to nor has it been notified in
writing that it is the subject of any pending, proposed, or threatened action,
investigation, proceeding, audit, claim or assessment by or before the Internal
Revenue Service or any other governmental authority, nor does Abazias-DE have
any reason to believe that any such notice will be received in the future.
Except as set forth on Schedule 4.12, neither the Internal Revenue Service nor
any state or local taxation authority has ever audited any income tax return of
Abazias-DE.  Abazias-DE has not filed any requests for rulings with
the Internal Revenue Service.  Except as provided to Abazias-DE’s
accountants, no power of attorney has been granted by Abazias-DE or its
affiliates with respect to any matter relating to Taxes of
Abazias-DE.  There are no Tax liens of any kind upon any property or
assets of Abazias-DE, except for inchoate liens for Taxes not yet due and
payable.

    

    (v)          Except
for immaterial amounts which would not have a Material Adverse Effect,
Abazias-DE has no liability for any unpaid Taxes which has not been paid or
accrued for or reserved on the Financial Statements in accordance with GAAP,
whether asserted or unasserted, contingent or otherwise.

    

    (vi)         There
is no contract, agreement, plan or arrangement to which Abazias-DE is a party as
of the date of this Agreement, including but not limited to the provisions of
this Agreement, covering any employee or former employee of Abazias-DE that,
individually or collectively, would reasonably be expected to give rise to the
payment of any amount that would not be deductible pursuant to
Sections 280G, 404 or 162(m) of the Internal Revenue Code of 1986, as
amended (the “Code”). There is no contract, agreement, plan or arrangement to
which Abazias-DE is a party or by which it is bound to compensate any individual
for excise taxes paid pursuant to Section 4999 of the Code.

    

    (vii)        Abazias-DE
has not filed any consent agreement under Section 341(f) of the Code or
agreed to have Section 341(f)(2) of the Code apply to any disposition of a
subsection (f) asset (as defined in Section 341(f)(4) of the Code) owned by
Abazias-DE.

    

    (viii)       Abazias-DE
is not a party to, nor has any obligation under, any tax-sharing, tax indemnity
or tax allocation agreement or arrangement.

    

    (ix)          None
of Abazias-DE’s assets are tax exempt use property within the meaning of
Section 168(h) of the Code.

    

    4.13           Accounts
Receivable.  The accounts receivable are, and will be, actual
bona fide receivables from transactions in the ordinary course of business
representing valid and binding obligations of others for the total dollar amount
shown thereon, and as of the date of the Agreement are not subject to any
recoupments, set-offs, or counterclaims. To the best of Abazias-DE’s knowledge,
except as set forth on Schedule 4.13, all such accounts receivable are, and will
be, collectible in amounts not less than the amounts (net of reserves) carried
on the books of Abazias-DE and will be paid in accordance with their
terms.  Except as listed on Schedule 4.13 hereto, all such accounts
receivable are and will be actual bona fide receivables from transactions in the
ordinary course of business.

    
      
         

      

      
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    4.14     Inventory.  The
inventories of Abazias-DE are listed on Schedule 4.14 attached
hereto.  Abazias-DE will maintain the inventory in the normal and
ordinary course of business from the date hereof through the Closing
Date.

    

    4.15.    Machinery and
Equipment.  Except for items disposed of in the ordinary course
of business, all machinery, tools, furniture, fixtures, equipment, vehicles,
leasehold improvements and all other tangible personal property (hereinafter
“Fixed Assets”) of Abazias-DE currently being used in the conduct of its
business, together with any machinery or equipment that is leased or operated by
Abazias-DE, are in fully serviceable working condition and
repair.  Said Fixed Assets shall be maintained in such condition from
the date hereof through the Closing Date.  Except as described on
Schedule 4.15 hereto, all Fixed Assets owned, used or held by Abazias-DE are
situated at its business premises and are currently used in its
Business.  Schedule 4.15 describes all Fixed Assets owned by or an
interest in which is claimed by any other person (whether a customer, supplier
or other person) for which Abazias-DE is responsible (copies of all agreements
relating thereto being attached to said Schedule 4.15), and all such property is
in Abazias-DE’s actual possession and is in such condition that upon the return
of such property in its present condition to its owner, Abazias-DE will not be
liable in any amount to such owner.  There are no outstanding
requirements or recommendations by any insurance Abazias-DE that has issued a
policy covering either (i) such Fixed Assets or (ii) any liabilities
of Abazias-DE relating to operation of the Business, or by any board of fire
underwriters or other body exercising similar functions, requiring or
recommending any repairs or work to be done on any Fixed Assets or any changes
in the operations of the Business, any equipment or machinery used therein, or
any procedures relating to such operations, equipment or
machinery.  All material Fixed Assets of Abazias-DE are set forth on
Schedule 4.15 hereto.

    

    4.16     Real Property
Matters.  The real property owned by Abazias-DE is listed on
Schedule 4.16.  Other than those items listed on Schedule 4.16
Abazias-DE does not own any real property as of the date hereof and has not
owned any real property during the three years preceding the date
hereof.

    

    4.17     Leases.  All
leases of real and personal property of Abazias-DE are described in Schedule
4.17, are in full force and effect and, to Abazias-DE’s knowledge, constitute
legal, valid and binding obligations of the respective parties thereto
enforceable in accordance with their terms, except as limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or affecting
generally the enforcement of creditor’s rights, and have not been assigned or
encumbered by Abazias-DE or Target.  Abazias-DE has performed in all
material respects the obligations required to be performed by it under all such
leases to date and it is not in default in any material respect under any of
said leases, except as set forth in Schedule 4.17, nor has it made any leasehold
improvements required to be removed at the termination of any lease, except
signs.  To Target’s knowledge, no other party to any such lease is in
material default thereunder.  Except as noted on Schedule 4.17, none
of the leases listed thereon require the consent of a third party in connection
with the Merger.

    
      
         

      

      
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    4.18     Patents, Software,
Trademarks, Etc.  Abazias-DE owns, or possesses adequate
licenses or other rights to use, all patents, software, trademarks, service
marks, trade names and copyrights and trade secrets, if any, necessary to
conduct its business as now operated by it.  The patents, software,
trademarks, service marks, copyrights, trade names and trade secrets, if any,
registered in the name of or owned or used by or licensed to Abazias-DE and
applications for any thereof (hereinafter the “Intangibles”) are described or
referenced in Schedule 4.18.  Abazias-DE hereby specifically
acknowledge that all right, title and interest in and to all patents and
software listed on Schedule 4.18 as patents owned by Abazias-DE are owned by
Abazias-DE or Abazias-DE has a right to use same and that the ownership of such
patents and software will be transferred as part of Abazias-DE to Parent as part
of the transaction contemplated hereby.  No officer, director,
shareholder or employee of Abazias-DE or Abazias-DE or any relative or spouse of
any such person owns any patents or patent applications or any inventions,
software, secret formulae or processes, trade secrets or other similar rights,
nor is any of them a party to any license agreement, used by or useful to
Abazias-DE or related to its business except as listed in Schedule
4.18.  All of said Intangibles are valid and in good standing to the
best of Abazias-DE’s knowledge, and are free and clear of all liens, security
interests, charges, restrictions and encumbrances of any kind whatsoever, and
have not been licensed to any third party except as described in Schedule
4.18.  Abazias-DE has not been charged with, nor to Abazias-DE’s
knowledge has it infringed or is it threatened to be charged with infringement
of, any patent, proprietary rights or trade secrets of others in the conduct of
its business, and, to the date hereof, neither Abazias-DE nor Abazias-DE has
received any notice of conflict with or violation of the asserted rights in
intangibles or trade secrets of others.  Abazias-DE is not now
manufacturing any goods under a present permit, franchise or license, except as
set forth in said Schedule 4.18.  The consummation of the transactions
contemplated hereby will not alter or impair any rights of Abazias-DE in any
such Intangibles or in any such permit, franchise or license, except as
described in Schedule 4.18.  The Intangibles and Abazias-DE’s tooling,
manufacturing and engineering drawings, process sheets, specifications, bills of
material and other like information and data are in such form and of such
quality and will be maintained in such a manner that Abazias-DE can, following
the Closing, design, produce, manufacture, assemble and sell the products and
provide the services heretofore provided by it so that such products and
services meet applicable specifications and conform with the standards of
quality and cost of production standards heretofore met by it.  To
Abazias-DE’s knowledge, Abazias-DE has the sole and exclusive right to use its
corporate and trade names in the jurisdictions where it transacts
business.

    

    4.19     Insurance
Policies.  There is set forth in Schedule 4.19 a list and brief
description of all insurance policies on the date hereof held by Abazias-DE or
on which it pays premiums, including, without limitation, life insurance and
title insurance policies, which description includes the premiums payable by it
thereunder.  Schedule 4.19 also sets forth, in the case of any life
insurance policy held by Abazias-DE, the name of the insured under such policy,
the cash surrender value thereof and any loans thereunder.  All such
insurance premiums in respect of such coverage have been, and to the Closing
Date will be, paid in full, if due and owing.  All claims, if any,
made against Abazias-DE which are covered by such policies have been, or are
being, settled or defended by the insurance companies that have issued such
policies.  Up to the Closing Date, such insurance coverage will be
maintained in full force and effect and will not be cancelled, modified or
changed without the express written consent of the Parent, except to the extent
the maturity dates of any such insurance policies expire prior to the Closing
Date or where such cancellation would not have a Material Adverse
Effect.  No such policy has been, or to the Closing Date will be,
cancelled by the issuer thereof, and, to the knowledge of Abazias-DEs and
Abazias-DE, between the date hereof and the Closing Date, there shall be no
increase in the premiums with respect to any such insurance policy caused by any
action or omission of Abazias-DEs or of Abazias-DE, except where the foregoing
would not have a Material Adverse Effect.  Upon the Closing Date, all
life insurance policies maintained by Abazias-DE shall be assigned to each
respective Abazias-DE.

    
      
         

      

      
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    4.20     Banking and Personnel
Lists.  Abazias-DEs and Abazias-DE will deliver to the Parent
prior to the Closing Date the following accurate lists and summary descriptions
relating to Abazias-DE:

    

    (i)           The
name of each bank in which Abazias-DE has an account or safe deposit box and the
names of all persons authorized to draw thereon or have access
thereto.

    

    (ii)          The
names, current annual salary rates and total compensation for the preceding
fiscal year of all of the present directors and officers of Abazias-DE, and any
other employees whose current base accrual salary or annualized hourly rate
equivalent is $20,000 or more, together with a summary of the bonuses,
percentage compensation and other like benefits, if any, paid or payable to such
persons for the last full fiscal year completed, together with a schedule of
changes since that date, if any.

    

    (iii)         A
schedule of workers’ compensation payments of Abazias-DE over the past five full
fiscal years and the fiscal year to date, a schedule of claims by employees of
Abazias-DE against the workers’ compensation fund for any reason over such
period, identification of all compensation and medical benefits paid to date on
each such claim and the estimated amount of compensation and medical benefits to
be paid in the future on each such claim.

    

    (iv)         The
name of all pensioned employees of Abazias-DE whose pensions are unfunded and
are not paid or payable pursuant to any formalized pension arrangements, their
agent and annual unfunded pension rates.

    

    4.21  Lists of Contracts,
Etc.  There is included in Schedule 4.21 a list of the
following items (whether written or oral) relating to Abazias-DE and/or the
Target, which list identifies and fairly summarizes each item (collectively,
“Contracts”):

    

    (ii)          All
joint venture contracts of Abazias-DE or the Target  or affiliates
relating to the business of Abazias-DE;

    

    (iii)         All
contracts of Abazias-DE relating to (a) obligations for borrowed money,
(b) obligations evidenced by bonds, debentures, notes or other similar
instruments, (c) obligations to pay the deferred purchase price of property
or services, except trade accounts payable arising in the ordinary course of
business, (d) obligations under capital leases, (e) debt of others
secured by a lien on any asset of Abazias-DE, and (f) debts of others
guaranteed by Abazias-DE;

    
      
         

      

      
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    (iv)         All
agreements of Abazias-DE relating to the supply of raw materials for and the
distribution of the products of its business, including without limitation all
sales agreements, manufacturer’s representative agreements and distribution
agreements of whatever magnitude and nature, and any commitments
therefore;

    

    (v)          All
contracts that individually provide for aggregate future payments to or from
Abazias-DE of $5,000 or more, to the extent not included in (i) through (iii)
above;

    

    (vi)         All
contracts of Abazias-DE that have a term exceeding one year and that may not be
cancelled without any liability, penalty or premium, to the extent not included
in (i) through (v) above;

    

    (vii)        A
complete list of all outstanding powers of attorney granted by Abazias-DE;
and

    

    (viii)       All
other contracts of Abazias-DE or the Target material to the business, assets,
liabilities, financial condition, results of operations or prospects of the
business of Abazias-DE taken as a whole to the extent not included
above.

    

    Except as set forth in Schedule 4.21,
(i) all contracts, agreements and commitments of Abazias-DE set forth in
Schedule 4.21 are valid, binding and in full force and effect, and
(ii) neither Abazias-DE nor, to the best of Target’s knowledge, any other
party to any such contract, agreement, or commitment has materially breached any
provision thereof or is in default thereunder.  True and complete
copies of the contracts, leases, licenses and other documents referred to in
Schedule 4.21 will be delivered to the Parent, certified by the Secretary or
Assistant Secretary of Abazias-DE as true, correct and complete copies, not
later than one business day before the Closing Date.

    

    There are no pending disputes with
customers or vendors of Abazias-DE regarding quality or return of goods
involving amounts in dispute with any one customer or vendor, whether for
related or unrelated claims, in excess of $5,000 except as described on Schedule
4.21 hereto, all of which will be resolved to the reasonable satisfaction of
Parent prior to the Closing Date.  To the best knowledge of Target and
Abazias-DE, there has not been any event, happening, threat or fact that would
lead them to believe that any of said customers or vendors will terminate or
materially alter their business relationship with Abazias-DE after completion of
the transactions contemplated by this Agreement.

    

    4.22           Compliance With the
Law.  Abazias-DE is not in violation of any applicable federal,
state, local or foreign law, regulation or order or any other, decree or
requirement of any governmental, regulatory or administrative agency or
authority or court or other tribunal (including, but not limited to, any law,
regulation order or requirement relating to securities, properties, business,
products, manufacturing processes, advertising, sales or employment practices,
terms and conditions of employment, occupational safety, health and welfare,
conditions of occupied premises, product safety and liability, civil rights, or
environmental protection, including, but not limited to, those related to waste
management, air pollution control, waste water treatment or noise abatement),
except where such would not have a Material Adverse Effect.  Except as
set forth in Schedule 4.22, Abazias-DE and/or the Target have not been and is
not now charged with, or to the best knowledge of the Target or Abazias-DE under
investigation with respect to, any violation of any applicable law, regulation,
order or requirement relating to any of the foregoing, nor, to the best
knowledge of Target or Abazias-DE after due inquiry, are there any circumstances
that would or might give rise to any such violation.  Abazias-DE has
filed all reports required to be filed with any governmental, regulatory or
administrative agency or authority, except where the failure to file such would
not have a Material Adverse Effect.

    
      
         

      

      
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    4.23           Litigation; Pending Labor
Disputes.  Except as specifically set forth in Schedule
4.23:

    

    (i)           There
are no legal, administrative, arbitration or other proceedings or governmental
investigations pending or, to the best knowledge of Target or Abazias-DE,
threatened, against the Target or Abazias-DE, relating to its business or
Abazias-DE or its properties (including leased property), or the transactions
contemplated by this Agreement, nor is there any basis known to Abazias-DE or
Target for any such action.

    

    (ii)           There
are no judgments, decrees or orders of any court, or any governmental
department, commission, board, agency or instrumentality binding upon Target or
Abazias-DE relating to its business or Abazias-DE the effect of which is to
prohibit any business practice or the acquisition of any property or the conduct
of any business by Abazias-DE or which limit or control or otherwise would have
a Material Adverse Affect on its method or manner of doing
business.

    

    (iii)           No
work stoppage has occurred and is continuing or, to the knowledge of Target or
Abazias-DE, is threatened affecting its business, and to the best of Target’s
knowledge, no question involving recognition of a collective bargaining agent
exists in respect of any employees of Abazias-DE.

    

    4.24           Absence of Certain Changes
or Events.  Abazias-DE has not, since Abazias-DE Balance Sheet
Date, and except in the ordinary course of business consistent with past
practice:

    

    (i)           Incurred
any material obligation or liability (absolute, accrued, contingent or
otherwise), except in the ordinary course of its business consistent with past
practice or in connection with the performance of this Agreement, and any such
obligation or liability incurred in the ordinary course is not materially
adverse, except for claims, if any, that are adequately covered by
insurance;

    

    (ii)          Discharged
or satisfied any lien or encumbrance, or paid or satisfied any obligations or
liability (absolute, accrued, contingent or otherwise) other than
(a) liabilities shown or reflected on Abazias-DE Balance Sheet, and
(b) liabilities incurred since Abazias-DE Balance Sheet Date  in
the ordinary course of business that were not materially
adverse;

    
      
         

      

      
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    (iii)         Increased
or established any reserve or accrual for taxes or other liability on its books
or otherwise provided therefore, except (a) as disclosed on Abazias-DE
Balance Sheet, or (b) as may have been required under GAAP due to income
earned or expenses accrued since Abazias-DE Balance Sheet Date and as disclosed
to the Parent in writing;

    

    (iv)         Mortgaged,
pledged or subjected to any lien, charge or other encumbrance any of its assets,
tangible or intangible;

    

    (v)          Sold
or transferred any of its assets or cancelled any debts or claims or waived any
rights, except in the ordinary course of business and which has not been
materially adverse;

    

    (vi)         Disposed
of or permitted to lapse any patents or trademarks or any patent or trademark
applications material to the operation of its business;

    

    (vii)        Incurred
any significant labor trouble or granted any general or uniform increase in
salary or wages payable or to become payable by it to any director, officer,
employee or agent, or by means of any bonus or pension plan, contract or other
commitment increased the compensation of any director, officer, employee or
agent;

    

    (viii)       Authorized
any capital expenditure for real estate or leasehold improvements, machinery,
equipment or molds in excess of $5,000.00 in the aggregate;

    

    (ix)          Except
for this Agreement or as otherwise disclosed herein or in any schedule to this
Agreement, entered into any material transaction;

    

    (x)           Issued
any stocks, bonds, or other corporate securities, or made any declaration or
payment of any dividend or any distribution in respect of its capital stock;
or

    

    (xi)          Experienced
damage, destruction or loss (whether or not covered by insurance) individually
or in the aggregate having a Material Adverse Effect on any of its properties,
assets or business, or experienced any other material adverse change or changes
individually or in the aggregate affecting its financial condition, assets,
liabilities or business (a “Material Adverse Change”).

    

    4.25           Product Warranties and
Product Liabilities.  The product warranties and return
policies of Abazias-DE in effect on the date hereof and the types of products to
which they apply are described on Schedule 4.25 hereto.  Schedule 4.25
also sets forth all product liability claims involving amounts in controversy in
excess of $5,000 that are currently either pending or, to the best of the
Target’s and Abazias-DE’s knowledge, threatened against
Abazias-DE.  The Target have no knowledge of any reason why the future
cost of performing all such obligations and paying all such product liability
claims with respect to goods manufactured, assembled or furnished prior to the
Closing Date will not exceed the average annual cost thereof for said past three
year period.

    
      
         

      

      
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    4.26           Assets.   The
assets of Abazias-DE are listed on Schedule 4.26 attached
hereto.  Except as described in Schedule 4.26, the assets of
Abazias-DE are, and together with the additional assets to be acquired or
otherwise received by Abazias-DE prior to the Closing, will at the Closing Date
be, sufficient in all material respects to carry on the operations of the
Business as now conducted by Abazias-DE.  Abazias-DE is the only
business organization through which the business is conducted.  Except
as set forth in Schedule 4.17 or Schedule 4.26, all assets used by the Target
and Abazias-DE to conduct the business of Abazias-DE are, and will on the
Closing Date be, owned by Abazias-DE.

    

    4.27           Absence of Certain
Commercial Practices.  Neither Abazias-DE nor Target has made
any payment (directly or by secret commissions, discounts, compensation or other
payments) or given any gifts to another business concern, to an agent or
employee of another business concern or of any governmental entity (domestic or
foreign) or to a political party or candidate for political office (domestic or
foreign), to obtain or retain business for Abazias-DE or to receive favorable or
preferential treatment, except for gifts and entertainment given to
representatives of customers or potential customers of sufficiently limited
value and in a form (other than cash) that would not be construed as a bribe or
payoff.

    

    4.28           Licenses, Permits, Consents
and Approvals.  Abazias-DE has, and at the Closing Date will
have, all licenses, permits or other authorizations of governmental, regulatory
or administrative agencies or authorities (collectively, “Licenses”) required to
conduct the business, except for any failures of such which would not have a
Material Adverse Effect. All material Licenses of Abazias-DE are listed on
Schedule 4.28 hereto.  At the Closing, Abazias-DE will have all such
Licenses which are material to the conduct of the business and will have renewed
all Licenses which would have expired in the interim.  Except as
listed in Schedule 4.28, no registration, filing, application, notice, transfer,
consent, approval, order, qualification, waiver or other action of any kind
(collectively, a “Filing”) will be required as a result of the Merger in
accordance with this Agreement (a) to avoid the loss of any License or the
violation, breach or termination of, or any default under, or the creation of
any lien on any asset of Abazias-DE pursuant to the terms of, any law,
regulation, order or other requirement or any contract binding upon Abazias-DE
or to which any such asset may be subject, or (b) to enable Parent
(directly or through any designee) to continue the operation of Abazias-DE and
the business substantially as conducted prior to the Closing
Date.  All such Filings will be duly filed, given, obtained or taken
on or prior to the Closing Date and will be in full force and effect on the
Closing Date.

    

    4.29           Environmental
Matters. Except as set forth on Schedule 4.29 hereto:

     

    (a) The
operations of Abazias-DE and the Target, to the best knowledge of Target, are in
compliance with all applicable laws promulgated by any governmental entity which
prohibit, regulate or control any hazardous material or any hazardous material
activity (“Environmental Laws”) and all permits issued pursuant to Environmental
Laws or otherwise except for where noncompliance or the absence of such permits
would not, individually or in the aggregate, have a Material Adverse
Effect;

     

    (b) Abazias-DE
has obtained all permits required under all applicable Environmental Laws
necessary to operate its business, except for any failures of such which would
not have a Material Adverse Effect;

    
      
         

      

      
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    (c)  Abazias-DE
is not the subject of any outstanding written order or Contract with any
governmental authority or person respecting Environmental Laws or any violation
or potential violations thereof; and

     

    (d)  Abazias-DE
has not received any written communication alleging either or both that
Abazias-DE may be in violation of any Environmental Law, or any permit issued
pursuant to Environmental Law, or may have any liability under any Environmental
Law.

     

    4.30           Broker.  The
Target has not retained any broker in connection with any transaction
contemplated by this Agreement.  Parents shall not be obligated to pay
any fee or commission associated with the retention or engagement by the Target
of any broker in connection with any transaction contemplated by this
Agreement.

    

    4.31           Related Party
Transactions.  Except as described in Schedule 4.31, all
transactions during the past five years between Abazias-DE and any current or
former shareholder or any entity in which Abazias-DE or any current or former
shareholder had or has a direct or indirect interest have been fair to
Abazias-DE as determined by the Board of Directors.  No portion of the
sales or other on-going business relationships of Abazias-DE is dependent upon
the friendship or the personal relationships (other than those customary within
business generally) of Target, except as described in Schedule
4.31.  During the past five years, Abazias-DE has not forgiven or
cancelled, without receiving full consideration, any indebtedness owing to it by
Target.

    

    4.32  Patriot
Act.  Abazias-DE and the Target certify that Abazias-DE and the
Target have not been designated, and is not owned or controlled, by a “suspected
terrorist” as defined in Executive Order 13224.  Abazias-DE and the
Target hereby acknowledge that the Parent seeks to comply with all applicable
laws concerning money laundering and related activities.  In
furtherance of those efforts, Abazias-DE and the Target hereby represent,
warrant and agree that:  (i) none of the cash or property that the
Target have contributed or paid or will contribute and pay to Abazias-DE has
been or shall be derived from, or related to, any activity that is deemed
criminal under United States law; and (ii) no contribution or payment by
Abazias-DE to the Parent, to the extent that they are within Abazias-DE’s
control shall cause the Parent to be in violation of the United States Bank
Secrecy Act, the United States International Money Laundering Control Act of
1986 or the United States International Money Laundering Abatement and
Anti-Terrorist Financing Act of 2001.  The Target shall promptly
notify the Parent if any of these representations ceases to be true and accurate
regarding the Target or Abazias-DE.  The Target agrees to provide the
Parent any additional information regarding Abazias-DE that the Parent
reasonably requests to ensure compliance with all applicable laws concerning
money laundering and similar activities.

    

    4.33           Disclosure.  All
statements contained in any schedule, certificate, opinion, instrument, or other
document delivered by or on behalf of the Target or Abazias-DE pursuant hereto
shall be deemed representations and warranties by each Target and Abazias-DE
herein.  No statement, representation or warranty by the Target or
Abazias-DE in this Agreement or in any schedule, certificate, opinion,
instrument, or other document furnished or to be furnished to the Parent
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 therein or
necessary to make the statements contained therein not misleading or necessary
in order to provide a prospective purchaser of the business of Abazias-DE with
full and fair disclosure concerning Abazias-DE, its business, and Abazias-DE’s
affairs.

    
      
         

      

      
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    ARTICLE
V

    REPRESENTATIONS
AND WARRANTIES OF PARENT

     

    5.1  Organization and Good
Standing.

     

    The
Parent is a corporation duly organized, validly existing and in good standing
under the laws of the State of Nevada.

    

    5.2  Authority.

     

    (a)           The
execution and delivery of this Agreement and the consummation of the
transactions contemplated herein have been, or will prior to Closing be, duly
and validly approved and acknowledged by all necessary corporate action on the
part of the Parent.

    

    (b)           The
execution of this Agreement and the delivery hereof to the Target and the
purchase contemplated herein have been, or will be prior to Closing, duly
authorized by the Parent’s Board of Directors having full power and authority to
authorize such actions.

    

    5.3  Conflicts; Consents of Third
Parties.

     

    (a)  The
execution and delivery of this Agreement, the Merger and the consummation of the
transactions herein contemplated, and the compliance with the provisions and
terms of this Agreement, are not prohibited by the Articles of Incorporation or
Bylaws of the Parent and will not violate, conflict with or result in a breach
of any of the terms or provisions of, or constitute a default under, any court
order, indenture, mortgage, loan agreement, or other agreement or instrument to
which the Parent is a party or by which it is bound.

     

    (b) 
No consent, approval, order or authorization of, or registration, declaration or
filing with any court, administrative agency or commission or other Governmental
Authority or instrumentality is required by or with respect to the Parent in
connection with the execution and delivery of this Agreement or the consummation
of the transactions contemplated hereby, except for (i) the filing of a S-4 with
the SEC in accordance with the Securities Act, (ii) the filing of the Joint
Proxy Statement/Prospectus (as defined in Section 4.9) with the SEC in
accordance with the Exchange Act, (iv) such consents, approvals, orders,
authorizations, registrations, declarations and filings as may be required under
applicable federal and state securities laws, and (v) such other consents,
authorizations, filings, approvals and registrations which, if not obtained or
made, individually or in the aggregate, would not be reasonably likely to have a
Material Adverse Effect.

    
      
         

      

      
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    5.4          SEC Documents; Financial
Statements.  Except as
disclosed in Schedule 5.4:

     

    (a)  The Parent has filed
all forms, reports and documents required to be filed with the SEC since the
initial filing date of the registration statement for the Parent's initial
public offering. All such required forms, reports and documents (including those
that the Parent may file subsequent to the date hereof) are referred to herein
as the “Parent SEC Reports.” As of their respective dates, the Parent SEC
Reports (i) were prepared in accordance 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 Parent SEC Reports, and (ii) did not at
the time they were filed (or if amended or superseded by a filing prior to the
date of this Agreement, then on the date of such filing) contain any untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading. None of
the Parent's Subsidiaries is subject to the periodic reporting requirements of
the Exchange Act.(b)Each of the consolidated financial statements (including, in
each case, any related notes thereto) contained in the Parent SEC Reports (the
“Parent Financials”), including any Parent SEC Reports filed after the date
hereof until the Closing, as of their respective dates, (i) complied as to form
in all material respects with the published rules and regulations of the SEC
with respect thereto, (ii) was prepared in accordance with generally accepted
accounting principles (“GAAP”) applied on a consistent basis throughout the
periods involved (except as may be indicated in the notes thereto or, in the
case of unaudited interim financial statements, as may be permitted by the SEC
on Form 10-Q under the Exchange Act) and (iii) fairly presented the consolidated
financial position of the Parent and its Subsidiaries at the respective dates
thereof and the consolidated results of its operations and cash flows for the
periods indicated, except that the unaudited interim financial statements were
or are subject to normal and recurring year-end adjustments which were not, or
are not expected to be, material in amount.  The balance sheet of the
Parent as of December 30, 2008 is hereinafter referred to as the “Parent Balance
Sheet Date.”  Except as disclosed in the Parent Financials, neither
the Parent nor any of its Subsidiaries has any liabilities (absolute, accrued,
contingent or otherwise) of a nature required to be disclosed on a balance sheet
or in the related notes to the consolidated financial statements prepared in
accordance with GAAP which are, individually or in the aggregate, material to
the business, results of operations or financial condition of the Parent and its
Subsidiaries taken as a whole, except liabilities (i) provided for in the Parent
Balance Sheet, or (ii) incurred since the date of the Parent Balance Sheet in
the ordinary course of business consistent with past practices and which would
not reasonably be expected to have a Parent Material Adverse
Effect.

     

    5.5          Statements; Joint Proxy
Statement/Prospectus. None of
the information supplied or to be supplied by the Parent for inclusion or
incorporation by reference in (i) the S-4 will at the time it becomes effective
under the Securities Act, contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary in
order to make the statements therein not misleading and (ii) the Joint Proxy
Statement/Prospectus shall not, on the date the Joint Proxy Statement/Prospectus
is first mailed to Abazias-DEs stockholders, at the time of Abazias-DE
Stockholders' Meeting, contain any untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary in order
to make the statements therein, in light of the circumstances under which they
are made, not false or misleading, or omit to state any material fact necessary
to correct any statement in any earlier communication with respect to the
solicitation of proxies for Abazias-DE Stockholders' Meeting which has become
false or misleading. The Joint Proxy Statement/Prospectus will comply as to form
in all material respects with the provisions of the Exchange Act and the rules
and regulations thereunder.  If at any time prior to the Closing Date,
any event relating to the Parent or any of its affiliates, officers or directors
should be discovered by the Parent which should be set forth in an amendment to
the S-4 or a supplement to the Joint Proxy Statement/Prospectus, the Parent
shall promptly inform Abazias-DE.

    

    
      
        
        

      

      
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    5.6         Litigation.

     

    There are
no legal proceedings pending or, to the best knowledge of the Parent, threatened
that are reasonably likely to prohibit or restrain the ability of the Parent to
enter into this Agreement or consummate the transactions contemplated
hereby.

     

    5.7         Reserved.

     

            5.8         Broker.

     

    The
Parent has not retained any broker in connection with any transaction
contemplated by this Agreement.  Target shall not be obligated to pay
any fee or commission associated with the retention or engagement by the Parent
of any broker in connection with any transaction contemplated by this
Agreement

     

    5.9        
Patriot
Act.  The Parent certifies that neither the Parent nor any of
its subsidiaries has been designated, and is not owned or controlled, by a
“suspected terrorist” as defined in Executive Order 13224.  The Parent
hereby acknowledges that Abazias-DE and the Target seek to comply with all
applicable laws concerning money laundering and related
activities.  In furtherance of those efforts, the Parent hereby
represents, warrants and agrees that:  (i) none of the cash or
property that the Parent has contributed or paid or will contribute and pay to
the Target has been or shall be derived from, or related to, any activity that
is deemed criminal under United States law; and (ii) no contribution or payment
by the Parent or any of its subsidiaries to the Target, to the extent that they
are within the Parent’s control shall cause the Target or Abazias-DE to be in
violation of the United States Bank Secrecy Act, the United States International
Money Laundering Control Act of 1986 or the United States International Money
Laundering Abatement and Anti-Terrorist Financing Act of 2001.  The
Parent shall promptly notify the Target if any of these representations ceases
to be true and accurate regarding the Parent or any of its
subsidiaries.  The Parent agrees to provide the Target any additional
information regarding the Parent or any of its subsidiaries that the Target
reasonably request to ensure compliance with all applicable laws concerning
money laundering and similar activities.

     

    5.10       Due Authorization of
Preferred Stock.  The shares of the Preferred Stock, when
delivered to the shareholders of Abazias-DE, shall be validly issued and
outstanding as fully paid and non-assessable, free and clear of any liens,
pledges, encumbrances, charges, agreements, options, claims or other
arrangements or restrictions of any kind.

     

    
      
        
        

      

      
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    ARTICLE
VI

    COVENANTS

     

    6.1

    

    (a) As
promptly as practicable after the execution of this Agreement, Abazias-DE and
Parent shall jointly prepare and Parent shall file with the SEC the S-4, which
shall include a document or documents that will constitute (i) the prospectus
forming part of the registration statement on the S-4 and (ii) the Joint Proxy
Statement/Prospectus.  Each of the parties hereto shall use all
commercially reasonable efforts to cause the S-4 to become effective as promptly
as practicable after the date hereof, and, prior to the effective date of the
S-4, the parties hereto shall take all action required under any applicable laws
in connection with the Merger and the issuance of the Preferred Stock. Each of
Abazias-DE and Parent shall provide promptly to the other such information
concerning its business and financial statements and affairs as, in the
reasonable judgment of the providing party or its counsel, may be required or
appropriate for inclusion in the Joint Proxy Statement/Prospectus and the S-4,
or in any amendments or supplements thereto, and cause its counsel and auditors
to cooperate with the other's counsel and auditors in the preparation of the
Joint Proxy Statement/Prospectus and the S-4.

     

    (b) As
promptly as practicable after the effective date of the S-4, the Joint Proxy
Statement/Prospectus shall be mailed to the stockholders of Abazias-DE. Each of
the parties hereto shall cause the Joint Proxy Statement/Prospectus to comply as
to form and substance with respect to such party in all material respects with
the applicable requirements of (i) the Exchange Act, (ii) the Securities Act,
and (iii) the rules and regulations of the OTCBB. As promptly as practicable
after the date of this Agreement, the Seller will prepare and file any other
filings required to be filed by it under the Exchange Act, the Securities Act or
any other Federal, foreign or Blue Sky or related laws relating to the
transactions contemplated by this Agreement (the “Other Filings”). Each of the
Target and Parent will notify the other promptly upon the receipt of any (i)
comments from the SEC or its staff or any other government officials, (ii)
notice that the S-4 has become effective, (iii) the issuance of any stop order,
or (iv) request by the SEC or its staff or any other government officials for
amendments or supplements to the S-4, the Joint Proxy Statement/Prospectus or
any Other Filing or for additional information and, except as may be prohibited
by any Governmental Entity, will supply the other with copies of all
correspondence between such party or any of its representatives, on the one
hand, and the SEC or its staff or any other government officials, on the other
hand, with respect to the S-4, the Joint Proxy Statement/Prospectus, the
Agreement or any Other Filing.  Each of the Target and Parent will
cause all documents that it is responsible for filing with the SEC or other
regulatory authorities under this Section 6.1(b) to comply in all material
respects with all applicable requirements of law and the rules and regulations
promulgated thereunder.”

     

    (c) Each
of Target and the Parent shall promptly inform the others of any event which is
required to be set forth in an amendment or supplement to the Joint Proxy
Statement/Prospectus, the S-4 or any Other Filing and each of Target and the
Parent shall amend or supplement the Joint Proxy Statement/Prospectus to the
extent required by law to do so. No amendment or supplement to the Joint Proxy
Statement/Prospectus or the S-4 shall be made without the approval of Target,
which approval shall not be unreasonably withheld or delayed. Each of the
parties hereto shall advise the other parties hereto, promptly after it receives
notice thereof, of the time when the S-4 has become effective or any supplement
or amendment has been filed, of the issuance of any stop order, or of any
request by the SEC for an amendment of the Joint Proxy Statement/Prospectus or
the S-4 or comments thereon and responses thereto or requests by the SEC for
additional information.

     

    
      
        
        

      

      
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    (d) Each of Target, Abazias-DE and
Parent shall keep the S-4 continuously effective under the Securities Act until
all securities covered by the S-4 have been sold, or may be sold without
restrictions pursuant to Rule 144, as determined by the counsel to Abazias-DE
pursuant to a written opinion letter to such effect, addressed and acceptable to
Abazias-DE’s transfer agent and the affected Holders (the “Effectiveness
Period”).

    

    (e) Each of Parent, Merger Sub and
Target agree to treat the Preferred Stock as being stock other than
"nonqualified preferred stock" as defined in Section 351 of the
Code.

    

    (f) Each of Parent, Merger Sub and
Target agree to treat this Agreement as a plan of reorganization under the Code
and applicable Treasury Regulations. 

    

    6.2          Access to
Information.

     

    The
Target and Abazias-DE agree that, prior to the Closing Date, the Parent shall be
entitled, through its officers, employees and representatives (including,
without limitation, its legal advisors and accountants), to make such
investigation of the properties, businesses and operations of Abazias-DE and its
Subsidiaries and such examination of the books, records and financial condition
of Abazias-DE and its Subsidiaries as it reasonably requests and to make
extracts and copies of such books and records.  Any such investigation
and examination shall be conducted during regular business hours and under
reasonable circumstances, and the Target shall cooperate, and shall cause
Abazias-DE and its Subsidiaries to cooperate, fully therein.  No
investigation by the Parent prior to or after the date of this Agreement shall
diminish or obviate any of the representations, warranties, covenants or
agreements of the Target contained in this Agreement or any other agreement
referenced herein.  In order that the Parent may have full opportunity
to make such physical, business, accounting and legal review, examination or
investigation as it may reasonably request of the affairs of Abazias-DE and its
Subsidiaries , the Target shall cause the officers, employees, consultants,
agents, accountants, attorneys and other representatives of Abazias-DE and its
Subsidiaries to cooperate fully with such representatives in connection with
such review and examination.  It is agreed and understood that all
information provided pursuant to this Section 6 is subject to the terms and
conditions of the Confidentiality/Standstill Agreement.

     

    6.3          Conduct of the Business
Pending the Closing.

     

    (a)  Except
as otherwise expressly contemplated by this Agreement or with the prior written
consent of the Parent, prior to the Closing the Target shall, and shall cause
Abazias-DE to:

     

    
      
        
        

      

      
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    (i)           Conduct
the respective businesses of Abazias-DE only in the ordinary course consistent
with past practice;

     

    (ii)          Use
its best efforts to (A) preserve its present business operations, organization
(including, without limitation, management and the sales force) and goodwill of
Abazias-DE and (B) preserve its present relationship with parties having
business dealings with Abazias-DE;

     

    (iii)         Maintain
(A) all of the assets and properties of Abazias-DE in their current condition,
ordinary wear and tear excepted and except for dispositions in the ordinary
course of business and (B) insurance upon all of the properties and assets of
Abazias-DE in such amounts and of such kinds comparable to that in effect on the
date of this Agreement;

     

    (iv)         (A)
maintain the books, accounts and records of Abazias-DE in the ordinary course of
business consistent with past practices, (B) continue to collect accounts
receivable and pay accounts payable utilizing normal procedures and without
discounting or accelerating payment of such accounts, and (C) comply with all
contractual and other obligations applicable to the operation of Abazias-DE;
and

     

    (v)     
    Comply in all material respects with applicable
laws.

     

    (b) Except
as otherwise expressly contemplated by this Agreement or with the prior written
consent of the Parent, prior to the Closing the Target shall not, and shall
cause Abazias-DE not to:

     

    (i)           Declare,
set aside, make or pay any dividend or other distribution in respect of the
capital stock of Abazias-DE or repurchase, redeem or otherwise acquire any
outstanding shares of the capital stock or other securities of, or other
ownership interests in, Abazias-DE;

     

    (ii)          Transfer,
issue, sell or dispose of any shares of capital stock or other securities of
Abazias-DE or grant options, warrants, calls or other rights to purchase or
otherwise acquire shares of the capital stock or other securities of
Abazias-DE;

     

    (iii)         Effect
any recapitalization, reclassification, stock split or like change in the
capitalization of Abazias-DE;

     

    (iv)      
  Amend the Articles of Incorporation or Bylaws of
Abazias-DE;

     

    (v)          (A)
materially increase the annual level of compensation of any employee of
Abazias-DE, (B) increase the annual level of compensation payable or to become
payable by Abazias-DE to any of its executive officers, (C) grant any unusual or
extraordinary bonus, benefit or other direct or indirect compensation to any
employee, director or consultant, (D) increase the coverage or benefits
available under any (or create any new) severance pay, termination pay, vacation
pay, Abazias-DE awards, salary continuation for disability, sick leave, deferred
compensation, bonus or other incentive compensation, insurance, pension or other
employee benefit plan or arrangement made to, for, or with any of the directors,
officers, employees, agents or representatives of Abazias-DE or otherwise modify
or amend or terminate any such plan or arrangement or (E) enter into any
employment, deferred compensation, severance, consulting, non-competition or
similar agreement (or amend any such agreement) to which Abazias-DE is a party
or involving a director, officer or employee of Abazias-DE in his or her
capacity as a director, officer or employee of Abazias-DE;

     

    
      
        
        

      

      
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    (vi)         Except
for trade payables and for indebtedness for borrowed money incurred in the
ordinary course of business and consistent with past practice, borrow monies for
any reason or draw down on any line of credit or debt obligation, or become the
guarantor, surety, endorser or otherwise liable for any debt, obligation or
liability (contingent or otherwise) of any other party, or change the terms of
payables or receivables;

     

    (vii)        Subject
to any lien (except for leases that do not materially impair the use of the
property subject thereto in their respective businesses as presently conducted),
any of the properties or assets (whether tangible or intangible) of
Abazias-DE;

     

    (viii)       Acquire
any material properties or assets or sell, assign, transfer, convey, lease or
otherwise dispose of any of the material properties or assets (except for fair
consideration in the ordinary course of business consistent with past practice)
of Abazias-DE except, with respect to the items listed on Schedule 6.3(b)(viii)
hereto, as previously consented to by the Parent;

     

    (ix)         Cancel
or compromise any debt or claim or waive or release any material right of
Abazias-DE except in the ordinary course of business consistent with past
practice;

     

    (x)          Enter
into any commitment for capital expenditures out of the ordinary
course;

     

    (xi)         Permit
Abazias-DE to enter into any transaction or to make or enter into any Contract
which by reason of its size or otherwise is not in the ordinary course of
business consistent with past practice;

     

    (xii)        Permit
Abazias-DE to enter into or agree to enter into any merger or consolidation with
any corporation or other entity, and not engage in any new business or invest
in, make a loan, advance or capital contribution to or otherwise acquire the
securities of any other party;

     

    (xiii)       Except
for transfers of cash pursuant to normal cash management practices, permit
Abazias-DE to make any investments in or loans to, or pay any fees or expenses
to, or enter into or modify any Contract with, Target or any affiliate of
Abazias-DE; or

     

    (xiv)       Agree
to do anything prohibited by this Section 6.3 or anything which would make any
of the representations and warranties of the Target in this Agreement or any
other agreement referenced herein untrue or incorrect in any material respect as
of any time through and including the Closing.

     

    
      
        
        

      

      
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    6.4          Consents.

     

    The
Target shall use their best efforts, and the Parent shall cooperate with the
Target, to obtain at the earliest practicable date all consents and approvals
required to consummate the transactions contemplated by this Agreement,
including, without limitation, the consents and approvals referred to in Section
4.7 hereof; provided, however, that neither the Target nor the Parent shall be
obligated to pay any consideration therefore to any third party from whom
consent or approval is requested.

     

    6.5          Other
Actions.

     

    Each of
the Target and the Parent shall use its best efforts to (i) take all actions
necessary or appropriate to consummate the transactions contemplated by this
Agreement, and (ii) cause the fulfillment at the earliest practicable date of
all of the conditions to their respective obligations to consummate the
transactions contemplated by this Agreement.

     

    6.6          No Solicitation; Alternate
Transaction.

     

    (i)           The
Target will not, and will not cause or permit Abazias-DE or any of Abazias-DE's
directors, officers, employees, representatives or agents (collectively, the
"Representatives") to, directly or indirectly, (i) discuss, negotiate,
undertake, authorize, recommend, propose or enter into, either as the proposed
surviving, merged, acquiring or acquired corporation, any transaction involving
a merger, consolidation, change of control, business combination, purchase or
disposition of any amount of the assets or capital stock or other equity
interest in Abazias-DE other than the transactions contemplated by this
Agreement (an "Alternate Transaction"), (ii) facilitate, encourage, solicit or
initiate discussions, negotiations or submissions of proposals or offers in
respect of an Alternate Transaction, (iii) furnish or cause to be furnished, to
any party, any information concerning the business, operations, properties or
assets of Abazias-DE in connection with an Alternate Transaction, or (iv)
otherwise cooperate in any way with, or assist or participate in, facilitate or
encourage, any effort or attempt by any other party to do or seek any of the
foregoing.  The Target will inform the Parent in writing immediately
following the receipt by Target, Abazias-DE or any Representative of any
proposal or inquiry in respect of any Alternate Transaction.

     

    (ii)          If
the Target, Abazias-DE or any of Abazias-DE's directors, officers, employees,
representatives or agents enters into definitive documentation with respect to,
or accepts in principal a proposal with respect to an Alternate Transaction
prior to the Closing Date, then Target and Abazias-DE, jointly and severally
shall  pay to Parents  an amount in cash equal to the lesser
of: (a) the sum of: (i) the documented out-of-pocket third party expenses
Parents have incurred in respect of the transactions contemplated by this
Agreement or (ii) Fifty Thousand Dollars ($50,000) (collectively, the “Expense
Reimbursement’’). The Expense Reimbursement shall he paid Parent on such date as
Target and/or Abazias-DE formally enter into definitive documents, or accepts
any proposal relating to an Alternate Transaction.

     

    
      
        
        

      

      
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    6.7          Publicity.

     

    None of
the Target nor the Parent shall issue any press release or public announcement
concerning this Agreement or the transactions contemplated hereby without
obtaining the prior written approval of the other party hereto, which approval
will not be unreasonably withheld or delayed, unless, in the sole judgment of
the Parent or the Target, disclosure is otherwise required by applicable law,
rule or regulation or by the applicable rules of any stock exchange on which the
Parent lists securities, provided that, to the extent required by applicable
law, the party intending to make such release shall use its best efforts
consistent with such applicable law to consult with the other party with respect
to the text thereof.

     

    6.8          Use of
Name.

     

    The
Target hereby agree that upon the consummation of the transactions contemplated
hereby, the Parent and Abazias-DE shall have the sole right to the use of the
name "ABAZIAS.COM Incorporated" and the Target shall not, and shall not cause or
permit any affiliate to, use such name or any variation or simulation
thereof.

     

    6.9          Employment
Agreements.

     

    On or
prior to the Closing Date, each of Oscar Rodriguez and Jesus Diaz (each
“Employee and collectively, the “Employees”) shall enter into an employment
agreement with  Abazias.com, substantially in the form of agreement
attached hereto as Exhibit D-1 (the “Employment
Agreements”).  Effective as of November 1, 2007 Strategic Capital
Advisors entered into a consulting agreement for prior services rendered
substantially in the form of agreement attached hereto as Exhibit D-2 (the
“Consulting Agreement”).

    

    6.10        Non-Competition.

     

    For a
period of two years after the later of the Closing Date or the termination of
each Employee’s Employment Agreement by the Abazias.com, each Employee agrees
not to engage in any of the following competitive activities: (a) engaging
directly or indirectly in any business or activity substantially similar to any
business or activity engaged in (or scheduled to be engaged) by Abazias-DE or
the Parent in any areas where Abazias-DE or the Parent engage in business; (b)
engaging directly or indirectly in any business or activity competitive with any
business or activity engaged in (or scheduled to be engaged) by Abazias-DE or
the Parent in any areas where Abazias-DE or the Parent engage in business; (c)
soliciting or taking away any employee, agent, representative, contractor,
supplier, vendor, customer, franchisee, lender or investor of Abazias-DE or the
Parent, or attempting to so solicit or take away; (d) interfering with any
contractual or other relationship between Abazias-DE or the Parent and any
employee, agent, representative, contractor, supplier, vendor, customer,
franchisee, lender or investor; or (e) using, for the benefit of any person or
entity other than Abazias-DE, any confidential information of Abazias-DE or the
Parent. Nothing in this Section 6.10 shall be deemed, however, to prevent
Employees from owning securities of any publicly-owned corporation engaged in
any such business, provided that the total amount of securities of each class
owned by such individual in such publicly-owned corporation (other than Parent)
does not exceed two percent (2%) of the outstanding securities of such class. In
addition, no Target shall make any negative statement of any kind concerning
Abazias-DE, the Parent or their affiliates, or their directors, officers or
agents, except as such may be compelled by legal proceeding or governmental
action or authority.

     

    
      
        
        

      

      
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    6.11        Additional
Funding.

     

    During the six months after the Closing
Date, Parent will provide additional non-debt funding to the Abazias.com of Five
Hundred Thousand Dollars ($500,000.00) to be used by the Abazias.com for general
working capital or such other purposes in furtherance of the business of the
Abazias.com as Abazias.com and Parent shall mutually agree.  This
money will be advanced in amounts and at times during this six month period at
the request of the officers of Abazias.com as determined in their sole and
absolute discretion.  If any requested advance is not made by the end
of a seven (7) day period, Parent shall distribute 13,001,000, or such greater
number of shares if more than 13,001,000 shares of Preferred Stock are issued as
consideration at closing, to the extent that the shares of Preferred Stock are
convertible into more than 13 million one thousand (13,001,000) Shares, of
common stock, pursuant to the adjustment provisions of section 4.3 of the
Certificate of Designations, to the same shareholders of the Abazias-DE in the
same amounts as the shares of Preferred Stock distributed to such Abazias-DE
shareholders at Closing. The holders of a majority of such shares shall be
entitled to make one demand to the Parent to register such shares on a
registration statement.

    

    ARTICLE
VII

    CONDITIONS
TO CLOSING

     

    7.1 
Conditions Precedent
to Obligations of Parent.

     

    The
obligation of the Parent to consummate the transactions contemplated by this
Agreement is subject to the fulfillment, on or prior to the Closing Date, of
each of the following conditions (any or all of which may be waived by the
Parent in whole or in part to the extent permitted by applicable
law):

     

    (a)  all
representations and warranties of the Target contained herein shall be true and
correct as of the date hereof;

     

    (b)  all
representations and warranties of the Target contained herein qualified as to
materiality shall be true and correct, and the representations and warranties of
the Target contained herein not qualified as to materiality shall be true and
correct in all material respects, at and as of the Closing Date with the same
effect as though those representations and warranties had been made again at and
as of that time;

     

    (c)  the
Target shall have performed and complied in all material respects with all
obligations and covenants required by this Agreement to be performed or complied
with by  them on or prior to the Closing Date;

     

    (d)  the
Parent shall have been furnished with certificates (dated the Closing Date and
in form and substance reasonably satisfactory to the Parent) executed by each
Target certifying as to the fulfillment of the conditions specified in Sections
7.1(a), 7.1(b) and 7.1(c) hereof;

     

    
      
        
        

      

      
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    (e)  the
Parent shall have been furnished with duly authorized shareholder and Board of
Director resolutions of Target and Abazias-DE authorizing the entry by Target
and Abazias-DE into this Agreement;

     

    (f)  Reserved;

     

    (g)  The
SEC shall have declared the S-4 effective.  No stop order suspending
the effectiveness of the S-4 or any part thereof shall have been issued and no
proceeding for that purpose, and no similar proceeding in respect of the Joint
Proxy Statement/Prospectus, shall have been initiated or threatened in writing
by the SEC.

     

    (h)  there
shall not have been or occurred any Material Adverse Change;

     

    (i)  the
Target shall have obtained all consents and waivers referred to in Section 4.7
hereof, in a form reasonably satisfactory to the Parent, with respect to the
transactions contemplated by this Agreement;

     

    (j)  no
legal proceedings shall have been instituted or threatened or claim or demand
made against the Target or the Parent seeking to restrain or prohibit or to
obtain substantial damages with respect to the consummation of the transactions
contemplated hereby, and there shall not be in effect any order by a
governmental body of competent jurisdiction restraining, enjoining or otherwise
prohibiting the consummation of the transactions contemplated
hereby;

     

    (k) 
the Parent shall have received the written resignations of each director of
Abazias-DE, 

     

    the
Employment Agreements shall have been executed by Parent, Oscar Rodriguez and
Jesus Diaz and Consulting Agreement executed by Strategic Capital
Advisors.

    

    7.2  Conditions Precedent to
Obligations of the Target.

     

    The
obligations of the Target to consummate the transactions contemplated by this
Agreement are subject to the fulfillment, prior to or on the Closing Date, of
each of the following conditions (any or all of which may be waived by the
Target in whole or in part to the extent permitted by applicable
law):

     

    (a)  all
representations and warranties of the Parent contained herein shall be true and
correct as of the date hereof;

     

    (b)  all
representations and warranties of the Parent contained herein qualified as to
materiality shall be true and correct, and all representations and warranties of
the Parent contained herein not qualified as to materiality shall be true and
correct in all material respects, at and as of the Closing Date with the same
effect as though those representations and warranties had been made again at and
as of that date;

     

    
      
        
        

      

      
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    (c)  the
Parent shall have performed and complied in all material respects with all
obligations and covenants required by this Agreement to be performed or complied
with by Parent on or prior to the Closing Date;

     

    (d)  The
SEC shall have declared the S-4 effective.  No stop order suspending
the effectiveness of the S-4 or any part thereof shall have been issued and no
proceeding for that purpose, and no similar proceeding in respect of the Joint
Proxy Statement/Prospectus, shall have been initiated or threatened in writing
by the SEC.

     

    (e)  the
Target shall have been furnished with certificates (dated the Closing Date and
in form and substance reasonably satisfactory to the Target) executed by the
Chief Executive Officer and Chief Financial Officer of the Parent certifying as
to the fulfillment of the conditions specified in Sections 7.2(a), 7.2(b) and
7.2(c); and

     

    (f)  no
legal proceedings shall have been instituted or threatened or claim or demand
made against the Target, Abazias-DE, or the Parent seeking to restrain or
prohibit or to obtain substantial damages with respect to the consummation of
the transactions contemplated hereby, and there shall not be in effect any order
by a governmental body of competent jurisdiction restraining, enjoining or
otherwise prohibiting the consummation of the transactions contemplated
hereby.

    

    ARTICLE
VIII

    DOCUMENTS
TO BE DELIVERED

     

    8.1  Documents to be Delivered by
the Target.

     

    At the
Closing, the Target shall deliver, or cause to be delivered, to the Parent the
following:

     

    (a)  Reserved;

     

    (b)  the
certificates referred to in Section 7.1(e) hereof;

     

    (c)  copies
of all consents and waivers referred to in Section 7.1(i) hereof;

     

    (d)  written
resignations of each of the directors of Abazias-DE;

     

    (e)  certificate
of good standing with respect to Abazias-DE issued by the Secretary of State of
the State of incorporation, and for each state, if any, in which Abazias-DE is
qualified to do business as a foreign corporation;

     

    (f)  such
other documents as the Parent shall reasonably request.

     

    8.2  Documents to be Delivered by
the Parent.

     

    At the
Closing, the Parent shall deliver to the Target the following:

     

    
      
        
        

      

      
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    (a)  the
Preferred Stock (provided that the Preferred Stock may be delivered within three
(3) business days of the Closing Date; provided, however, if the Preferred Stock
is not delivered at Closing, the Parent shall deliver irrevocable instructions
to the Parent’s Transfer Agent to deliver the Preferred Stock as required under
this Agreement);

     

    (b)  the
certificates referred to in Section 7.2(e) hereof;

     

    (c)  Employment
Agreements and Consulting Agreement, substantially in the forms of Exhibits D-1
and D-2 hereto, duly executed by Oscar Rodriguez and Jesus Diaz and Strategic
Capital Advisors, respectively;

     

    (d)  such
other documents as the Target shall reasonably request.

    

    ARTICLE
IX

    INDEMNIFICATION

     

    9.1  Indemnification.

     

    (a)  Subject
to Sections 9.2 and 10.2 hereof, Target hereby agree to indemnify and hold the
Parent, Abazias-DE, and their respective directors, officers, employees,
affiliates, agents, successors and assigns (collectively, the "Parent
Indemnified Parties") harmless from and against:

     

    (i)           any
and all liabilities of Abazias-DE of every kind, nature and description,
absolute or contingent, existing as against Abazias-DE prior to and including
the Closing Date or thereafter coming into being or arising by reason of any
state of facts existing, or any transaction entered into, on or prior to the
Closing Date, except to the extent that the same have been fully provided for in
the Schedules attached hereto or were incurred in the ordinary course of
business between Abazias-DE Balance Sheet Date and the Closing
Date;

     

    (ii)          any
and all losses, liabilities, obligations, damages, costs and expenses based
upon, attributable to or resulting from the failure of any representation or
warranty of the Target set forth in Section 4 hereof, or any representation or
warranty contained in any certificate delivered by or on behalf of the Target
pursuant to this Agreement, to be true and correct in all respects as of the
date made;

     

    (iii)         any
and all losses, liabilities, obligations, damages, costs and expenses based
upon, attributable to or resulting from the breach of any covenant or other
agreement on the part of the Target under this Agreement;

     

    (iv) 
       any and all notices, actions, suits,
proceedings, claims, demands, assessments, judgments, costs, penalties and
expenses, including reasonable attorneys' and other professionals' fees and
disbursements (collectively, "Expenses") incident to any and all losses,
liabilities, obligations, damages, costs and expenses with respect to which
indemnification is provided hereunder (collectively, "Losses").

     

    
      
        
        

      

      
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    (b)  Subject
to Sections 9.2 and 10.2 hereof, Parent hereby agrees to indemnify and hold the
Target and their respective affiliates, agents, successors and assigns
(collectively, the "Target Indemnified Parties") harmless from and
against:

     

    (i)           any
and all Losses based upon, attributable to or resulting from the failure of any
representation or warranty of the Parent set forth in Section 5 hereof, or any
representation or warranty contained in any certificate delivered by or on
behalf of the Parent pursuant to this Agreement, to be true and correct as of
the date made;

     

    (ii)          any
and all Losses based upon, attributable to or resulting from the breach of any
covenant or other agreement on the part of the Parent under this Agreement or
arising from the ownership or operation of Abazias-DE from and after the Closing
Date, unless such claim is for a pre-Closing matter; and

     

    (iii)         any
and all Expenses incident to the foregoing.

    

    9.2  Limitations on
Indemnification for Breaches of Representations and
Warranties.

     

    An
indemnifying party shall not have any liability under Section 9.1(a)(ii) or
Section 9.1(b)(i) hereof unless the aggregate amount of Losses and Expenses to
the indemnified parties exceeds $10,000 (the “Basket”) (except for Losses and
Expenses based upon, attributable to or resulting from the failure of any
representation or warranty to be true and correct under Section 4, for which the
Basket shall not apply) and, in such event, the indemnifying party shall be
required to pay the entire amount of such Losses and Expenses in excess of the
Basket.  Notwithstanding anything else contained herein, the maximum
liability Target shall be required to pay hereunder, in the aggregate, shall be
the aggregate amount of cash and shares of the Parent (valued as of their date
of issuance) paid or delivered to the Target (the “Cap”).  In
addition, if any Loss or Expense of Parent is covered by insurance, Target shall
not be required to indemnify Parent for the amount of such Losses or Expenses to
the extent of such insurance proceeds and Target shall only pay Parent the
excess of the Losses and Expenses, if any, over such insurance proceeds, subject
to the Cap.  Following the Closing, other than in cases of fraud, this
Article 9 shall be the sole and exclusive remedy of the parties hereto and their
successors and assigns with respect to any and all claims for Losses and
Expenses sustained or incurred arising out of this Agreement.

     

    
      
        
        

      

      
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    9.3  Indemnification
Procedures.

     

    (a)  In
the event that any legal proceedings shall be instituted or that any claim or
demand ("Claim") shall be asserted by any person or entity in respect of which
payment may be sought under Section 9.1 hereof (regardless of the Basket
referred to above), the indemnified party shall reasonably and promptly cause
written notice of the assertion of any Claim of which it has knowledge which is
covered by this indemnity to be forwarded to the indemnifying
party.  The indemnifying party shall have the right, at its sole
option and expense, to be represented by counsel of its choice, which must be
reasonably satisfactory to the indemnified party, and to defend against,
negotiate, settle or otherwise deal with any Claim which relates to any Losses
indemnified against hereunder.  If the indemnifying party elects to
defend against, negotiate, settle or otherwise deal with any Claim which relates
to any Losses indemnified against hereunder, it shall within five (5) days (or
sooner, if the nature of the Claim so requires) notify the indemnified party of
its intent to do so.  If the indemnifying party elects not to defend
against, negotiate, settle or otherwise deal with any Claim which relates to any
Losses indemnified against hereunder, fails to notify the indemnified party of
its election as herein provided or contests its obligation to indemnify the
indemnified party for such Losses under this Agreement, the indemnified party
may defend against, negotiate, settle or otherwise deal with such
Claim.  If the indemnified party defends any Claim, then the
indemnifying party shall reimburse the indemnified party for the Expenses of
defending such Claim upon submission of periodic bills.  If the
indemnifying party shall assume the defense of any Claim, the indemnified party
may participate, at his or its own expense, in the defense of such Claim;
provided, however, that such indemnified party shall be entitled to participate
in any such defense with separate counsel at the expense of the indemnifying
party if, (i) so requested by the indemnifying party to participate or (ii) in
the reasonable opinion of counsel to the indemnified party, a conflict or
potential conflict exists between the indemnified party and the indemnifying
party that would make such separate representation advisable; and provided,
further, that the indemnifying party shall not be required to pay for more than
one such counsel for all indemnified parties in connection with any
Claim.  The parties hereto agree to cooperate fully with each other in
connection with the defense, negotiation or settlement of any such
Claim.

     

    (b)  After
any final judgment or award shall have been rendered by a court, arbitration
board or administrative agency of competent jurisdiction and the expiration of
the time in which to appeal therefrom, or a settlement shall have been
consummated, or the indemnified party and the indemnifying party shall have
arrived at a mutually binding agreement with respect to a Claim hereunder, the
indemnified party shall forward to the indemnifying party notice of any sums due
and owing by the indemnifying party pursuant to this Agreement with respect to
such matter and the indemnifying party shall be required to pay all of the sums
so due and owing to the indemnified party by wire transfer of immediately
available funds within 10 business days after the date of such
notice.

     

    (c)  The
failure of the indemnified party to give reasonably prompt notice of any Claim
shall not release, waive or otherwise affect the indemnifying party's
obligations with respect thereto except to the extent that the indemnifying
party can demonstrate actual loss and prejudice as a result of such
failure.

     

    (d)  With
respect to amounts payable by Target hereunder to the Parent hereunder, it is
agreed that Target shall first be obligated to pay all amounts in cash, up to
the cash value of the Preferred Stock actually received by the Target pursuant
to Article II of this Agreement.  Target may then deliver shares of
Parent Preferred Stock to the Parent to pay any additional amounts due
hereunder.  Any shares of Parent common stock so used to make payments
hereunder shall be valued at the closing price of such shares on the day prior
to the date of delivery to the Parent, endorsed for transfer.  Any
additional amounts which Target shall be required to pay after the delivery of
any shares of Parent common stock shall be made in cash.

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

    

    ARTICLE
X

    MISCELLANEOUS

     

    10.1        Payment of Sales, Use or
Similar Taxes.

     

    All
sales, use, transfer, intangible, recordation, documentary stamp or similar
Taxes or charges, of any nature whatsoever, applicable to, or resulting from,
the transactions contemplated by this Agreement shall be borne by the
Target.

     

    10.2        Survival of Representations
and Warranties.

     

    The
parties hereto hereby agree that the representations and warranties contained in
this Agreement or in any certificate, document or instrument delivered in
connection herewith, shall survive the execution and delivery of this Agreement,
and the Closing hereunder, regardless of any investigation made by the parties
hereto; provided, however, that any claims or actions with respect thereto
(other than claims for indemnifications with respect to the representation and
warranties contained in Sections 4.3, 4.11, 4.28 and 5.8  which shall
survive for periods coterminous with any applicable statutes of limitation)
shall terminate unless within twenty four (24) months after the Closing Date
written notice of such claims is given to the Target or such actions are
commenced.

     

    10.3        Expenses.

     

    Target,
Parent and Merger Sub shall each bear its own expenses incurred in connection
with the negotiation and execution of this Agreement and each other agreement,
document and instrument contemplated by this Agreement and the consummation of
the transactions contemplated hereby and thereby.

     

    10.4        Further
Assurances.

     

    The
Target and the Parent each agrees to execute and deliver such other documents or
agreements and to take such other action as may be reasonably necessary or
desirable for the implementation of this Agreement and the consummation of the
transactions contemplated hereby.

    

    10.5        Submission to Jurisdiction;
Consent to Service of Process.

     

    (a)  The
parties hereto hereby irrevocably submit to the non-exclusive jurisdiction of
any federal or state court located within the State of Florida over any dispute
arising out of or relating to this Agreement or any of the transactions
contemplated hereby and each party hereby irrevocably agrees that all claims in
respect of such dispute or any suit, action proceeding related thereto may be
heard and determined in such courts.  The parties hereby irrevocably
waive, to the fullest extent permitted by applicable law, any objection which
they may now or hereafter have to the laying of venue of any such dispute
brought in such court or any defense of inconvenient forum for the maintenance
of such dispute.  Each of the parties hereto agrees that a judgment in
any such dispute may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law.

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    (b)  Each
of the parties hereto hereby consents to process being served by any party to
this Agreement in any suit, action or proceeding by the mailing of a copy
thereof in accordance with the provisions of Section 10.9.

     

    (c) If
any legal action or any arbitration or other proceeding is brought for the
enforcement or interpretation of this Agreement, or because of an alleged
dispute, breach, default or misrepresentation in connection with or related to
this Agreement, the successful or prevailing party shall be entitled to recover
reasonable attorneys' fees and other costs in connection with that action or
proceeding, in addition to any other relief to which it or they may be
entitled.

    

    10.6        Entire Agreement; Amendments
and Waivers.

     

    This Agreement (including the schedules
and exhibits hereto )represents the entire understanding and agreement between
the parties hereto with respect to the subject matter hereof and can be amended,
supplemented or changed, and any provision hereof can be waived, only by written
instrument making specific reference to this Agreement signed by the party
against whom enforcement of any such amendment, supplement, modification or
waiver is sought.  No action taken pursuant to this Agreement,
including without limitation, any investigation by or on behalf of any party,
shall be deemed to constitute a waiver by the party taking such action of
compliance with any representation, warranty, covenant or agreement contained
herein.  The waiver by any party hereto of a breach of any provision
of this Agreement shall not operate or be construed as a further or continuing
waiver of such breach or as a waiver of any other or subsequent
breach.  No failure on the part of any party to exercise, and no delay
in exercising, any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of such right, power or remedy
by such party preclude any other or further exercise thereof or the exercise of
any other right, power or remedy.  All remedies hereunder are
cumulative and are not exclusive of any other remedies provided by
law.

     

    10.7        Governing
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida without giving effect to
principles regarding conflict of laws.

     

    10.8        Table of Contents and
Headings.

     

    The table
of contents and section headings of this Agreement are for reference purposes
only and are to be given no effect in the construction or interpretation of this
Agreement.

     

    10.9        Notices.

     

    All
notices and other communications under this Agreement shall be in writing and
shall be deemed given when delivered personally, mailed by certified mail,
return receipt requested, or via recognized overnight courier service with all
charges prepaid or billed to the account of the sender to the parties (and shall
also be transmitted by facsimile to the parties receiving copies thereof) at the
following addresses (or to such other address as a party may have specified by
notice given to the other party pursuant to this provision):

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (a)

            	
              Parent:

            

    

    

    OmniReliant
Holdings, Inc.

    
      14375
Myerlake Circle

    

    Clearwater,
FL 33760

    Attention
Paul Morrison

    

    Copy
to:

    

    Darrin
Ocasio, Esq.

    Sichenzia
Ross Friedman Ference LLP

    61
Broadway, 32nd
Floor

    New York,
New York 10006

    Phone:  (212)
930-9700

    Facsimile:
(212) 930-9725

    

    
      	
               
      

            	
              (b)

            	
              Target
      and Abazias-DE:

            

    

    

    Abazias,
Inc.

    5214 SW
91st
Terrace Suite A

    Gainesville,
FL 32608

    Attention:
Oscar Rodriguez

    

    10.10      Severability.

     

    If any
provision of this Agreement is invalid or unenforceable, the balance of this
Agreement shall remain in effect.

    

    10.11      Binding Effect;
Assignment.

     

    This
Agreement shall be binding upon and inure to the benefit of the parties and
their respective successors and permitted assigns.  Nothing in this
Agreement shall create or be deemed to create any third party beneficiary rights
in any person or entity not a party to this Agreement except as provided
below.  No assignment of this Agreement or of any rights or
obligations hereunder may be made by either the Target or the Parent (by
operation of law or otherwise) without the prior written consent of the other
parties hereto and any attempted assignment without the required consents shall
be void.

     

    [Signature
Page to Follow

    
      
         

      

      
        38

        
          

        

      

      
         

      

    

     

    IN WITNESS WHEREOF, the parties hereto
have executed or caused to be duly executed this Agreement and Plan of Merger as
of the date first set forth above.

    

    
      
        
          
            
              
                
                  
                    	
                            OMNIRELIANT
      HOLDINGS, INC.

                          
	 
      	 
      
	
                            By:  

                          	
                              

                          
	 
      	
                            Paul
      Morrison

                          
	 
      	
                            Chief
      Executive Officer

                          
	 
      	 
      
	
                            OMNIRELIANT
      ACQUISITION SUB, INC.

                          
	 
      	 
      
	
                            By:

                          	
                              

                          
	 
      	
                            Paul
      Morrison

                          
	 
      	
                            Chief
      Executive Officer

                          
	 
      	 
      
	
                            ABAZIAS.COM,
      INC.

                          
	 
      	 
      
	
                            By:

                          	
                              

                          
	 
      	
                            Oscar
      Rodriguez

                          
	 
      	
                            Chief
      Executive Officer

                          
	 
      	 
      
	
                            ABAZIAS,
      INC. a Delaware corporation

                          
	 
      	 
      
	
                            By:

                          	
                              

                          
	 
      	
                            Oscar
      Rodriguez

                          
	 
      	
                            Chief
      Executive Officer

                          
	 
      	 
      
	
                            ABAZIAS,
      INC. a Nevada corporation

                          
	 
      	 
      
	
                            By:

                          	
                              

                          
	 
      	
                            Oscar
      Rodriguez

                          
	 
      	
                            Chief
      Executive
Officer

                          

                  

                

              

            

          

        

      

    

    

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

    

    EXHIBITS

    

    
      
        	
                Exhibit
      A

              	
                Certificate
      of Designations of OmniReliant Holdings, Inc.’s Preferred
      Stock

              
	 
      	 
      
	
                Exhibit
      B

              	
                Reserved

              
	 
      	 
      
	
                Exhibit
      C

              	
                Note
      Purchase Agreement dated August 12, 2008 by and between Abazias, Inc. and
      OmniReliant Holdings, Inc.

              
	 
      	 
      
	
                Exhibit
      D-1

              	
                Employment
      Agreements of Oscar Rodriguez and Jesus Diaz.

              
	 
      	 
      
	
                Exhibit
      D-2

              	
                Consulting
      Agreement by and between Strategic Capital Advisors and OmniReliant
      Inc.

              

      

    

    

    SCHEDULES

    

    
      
        
          
            
              	
                      Schedule
      1.1

                    	
                      Reserved

                    
	 
      	 
      
	
                      Schedule
      4.3

                    	
                      Capital
      Stock

                    
	 
      	 
      
	
                      Schedule
      4.6

                    	
                      Subsidiaries
      and Affiliates.

                    
	 
      	 
      
	
                      Schedule
      4.8

                    	
                      SEC
      Documents; Financial Statements

                    
	 
      	 
      
	
                      Schedule
      4.11

                    	
                      Absence
      of Undisclosed Liabilities

                    
	 
      	 
      
	
                      Schedule
      4.12

                    	
                      Taxes

                    
	 
      	 
      
	
                      Schedule
      4.13

                    	
                      Accounts
      Receivable

                    
	 
      	 
      
	
                      Schedule
      4.14

                    	
                      Inventory

                    
	 
      	 
      
	
                      Schedule
      4.15

                    	
                      Machinery
      and Equipment

                    
	 
      	 
      
	
                      Schedule
      4.16

                    	
                      Real
      Property Matters

                    
	 
      	 
      
	
                      Schedule
      4.17

                    	
                      Leases

                    
	 
      	 
      
	
                      Schedule
      4.18

                    	
                      Patents,
      Software, Trademarks, Etc.

                    
	 
      	 
      
	
                      Schedule
      4.19

                    	
                      Insurance
      Policies

                    
	 
      	 
      
	
                      Schedule
      4.21

                    	
                      Lists
      of Contracts, Etc.

                    
	 
      	 
      
	
                      Schedule
      4.22

                    	
                      Compliance
      With the
Law

                    

            

          

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      
        	
                Schedule
      4.23

              	
                Litigation;
      Pending Labor Disputes

              
	 
      	 
      
	
                Schedule
      4.25

              	
                Product
      Warranties and Product Liabilities

              
	 
      	 
      
	
                Schedule
      4.26

              	
                Assets

              
	 
      	 
      
	
                Schedule
      4.28

              	
                Licenses,
      Permits, Consents and Approvals

              
	 
      	 
      
	
                Schedule
      4.29

              	
                Environmental
      Matters

              
	 
      	 
      
	
                Schedule
      4.31

              	
                Related
      Party Transactions

              
	 
      	 
      
	
                Schedule
      6.3(b)(viii)

              	
                Conduct
      of Business

              

      

    

     

    
      
        
        

      

      
        2Unassociated Document

    
      OmniReliant
Holdings, Inc.

       

       

      
        
          

        

      

      EXECUTIVE
EMPLOYMENT AGREEMENT

       

      This
Executive Employment Agreement (the “Agreement”), by and among OmniReliant
Holdings, Inc., a Nevada corporation (“Company”) and Paul Morrison (“Employee”),
is hereby effective as of July 1, 2009.

       

      A G R E E M E N T S

       

      In
consideration of the mutual promises, terms, covenants and conditions set forth
herein and the performance of each, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties, intending to be legally bound, hereby agree as follows:

       

      1.           EMPLOYMENT AND
DUTIES.

       

      (a)           Subject
to the terms and conditions of this Agreement, the Company hereby employs
Employee as President/ Chief Executive Officer of the Company.  As
such, Employee shall have responsibilities, duties and authority reasonably
accorded to and expected of such position and will report directly to the
Board.  Employee hereby accepts this employment upon the terms and
conditions herein contained and, subject to paragraph 1(b) hereof, agrees to
devote Employee’s full business time, attention and efforts to promote and
further the business of the Company.  Employee shall faithfully adhere
to, execute and fulfill all policies established by the Company.

       

      (b)           Employee
shall not, during the term of his employment hereunder, be engaged in any other
business activity pursued for gain, profit or other pecuniary advantage if such
activity interferes with Employee’s duties and responsibilities
hereunder.  The foregoing limitations shall not be construed as
prohibiting Employee from making personal investments in such form or manner as
will neither require Employee’s services in the operation or affairs of the
companies or enterprises in which such investments are made nor violate the
terms of paragraph 3 hereof.

       

      2.           TERM.  The Company
employs Employee for a period commencing the date hereof and ending on the
second anniversary of the date hereof (the “Term”), subject to termination prior
to such date pursuant to Section 6 hereof.  Sixty (60) days prior to
the end of the Term (or any renewal term), either the Company or Employee may
give notice to the other of its determination not to renew this
Agreement.  If a notice of non-renewal is not delivered, this
Agreement will automatically continue in effect for a successive two (2) year
renewal term subject to termination prior to such date pursuant to Section 5
hereof.  If such notice of non-renewal is given by any party, then
Employee’s employment will terminate at the end of such term (or on such other
date as the parties mutually agree).

       

      3.           COMPENSATION.  For
all services rendered by Employee, the Company shall compensate Employee as
follows:

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      (a)           BASE
SALARY.  The base salary payable hereunder to Employee shall
equal $150,000 per year, payable on a regular basis in accordance with the
Company’s standard payroll procedures but not less than monthly.  On
at least an annual basis, the Company’s Board (the “Board”), together with the
Compensation Committee of the Company’s Board, will review Employee’s
performance and may make increases to such base salary if, in its discretion,
any such increase is warranted above the annual pay raise rate of
10%.

       

      (b)           EXECUTIVE PERQUISITES,
BENEFITS, AND OTHER COMPENSATION.  Employee shall be entitled
to receive additional benefits and compensation from the Company in such form
and to such extent as specified below:

       

      (i) 
Payment of all premiums for coverage for Employee under health, hospitalization,
disability, dental, life and other insurance plans that the Company may have
in   effect from time to time.  The benefits provided to
Employee under this clause (i) shall be at least equal to such benefits provided
to executives or employees in similar positions at the Company. As of the date
of this agreement , the Company has no health or death benefits.

       

      (ii) 
Reimbursement for all business travel and other out-of-pocket expenses
reasonably incurred by Employee in the performance of Employee’s services
pursuant to this Agreement.  All reimbursable expenses shall be
appropriately documented in reasonable detail by Employee upon submission of any
request for reimbursement, and in a format and manner consistent with the
Company’s expense reporting policy. All travel must be approved by the Company’s
Board or their designated representative.

       

      (iii) 
The Company shall provide Employee with other executive perquisites (including,
but not limited to, participation in the Company’s Long-Term Incentive Plan) as
may be available to or deemed appropriate for Employee by the Board and
participation in all other Company-wide employee benefits as available from time
to time.  Employee shall be entitled to 3 weeks of vacation per year
in addition to all Federal and religious holidays.

       

      (iv) 
The Company will rent an apartment in Clearwater, FL., If the Board deems it
necessary, at the Company’s’ expense. A Rental car will be allowed at Company’s
expense.

       

       (v)  
Reserved.

       

      (vi) 
Bonus Participation: The Company will pay an incentive bonus of 1.5% of pretax
profits on the sale of all products marketed by or otherwise related to the
Company. This bonus will be paid the following day after the Company’s Annual
Report on Form 10-K is filed with the SEC.

       

      4.           NON-COMPETITION AND
NON-SOLICITATION.

       

      (a)           Employee
acknowledges that during the course of Employee’s employment Employee will
receive confidential and proprietary information from and concerning the
Company.  Employee also acknowledges that the Company will make
substantial investments in the development of the Company’s goodwill and in
Employee’s professional development.  The capital expended to develop
this goodwill directly benefits Employee and should continue to do so in the
event that the relationship between the Company and Employee is
terminated.  Likewise, the Company has conferred and will confer a
direct economic benefit on Employee.  Employee agrees that the Company
is entitled to protect these business interests and investments and to prevent
Employee from using or taking advantage of the foregoing economic benefits to
the Company’s detriment.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (b)           Employee
agrees that, except for services and duties performed for or on behalf of the
Company according to this Agreement, Employee will not, during the period of
Employee’s employment with the Company, and for a period (the “Restricted
Period”) of one (1) year immediately following the termination of Employee’s
employment under this Agreement, for any reason whatsoever, directly or
indirectly, for himself or on behalf of or in conjunction with any other person,
persons, company, partnership, corporation, association, enterprise, venture or
business of whatever nature:

       

      (i) 
engage, as an officer, director, shareholder, owner, partner, joint venturer,
lender or in a managerial capacity, whether as an employee, independent
contractor, agent, consultant or advisor or as a sales representative, or
similar business in direct competition with those aspects of the business of the
Company or any subsidiary of the Company, with which Employee has had any
involvement, within United States of America, Canada and all other countries in
which customers of the Company have access to the world wide web (the
“Territory”);

       

      (ii) 
solicit any person who is, at that time, or who has been within one (1) year
prior to that time, an employee of the Company for the purpose or with the
intent of enticing such employee away from or out of the employ of the
Company;

       

      (iii) 
solicit any person or entity which is, at that time, or which has been within
one (1) year prior to that time, a customer, doctor, service provider or
supplier of the Company for the purpose of soliciting or selling products or
services in direct competition with those aspects of the business of the Company
or any subsidiary of the Company with which Employee has had any involvement,
within the Territory; or

       

      (iv) 
solicit any prospective acquisition candidate, on Employee’s own behalf or on
behalf of any competitor or potential competitor, which candidate was, to
Employee’s knowledge, either called upon by the Company or for which the Company
made an acquisition analysis, for the purpose of acquiring such
entity.  Notwithstanding the above, the foregoing covenant shall not
be deemed to prohibit Employee from acquiring as an investment not more than two
percent (5%) of the capital stock of a competing business, whose stock is traded
on a national securities exchange or over-the-counter.

       

      (c)           In
recognition of the substantial nature of such potential damages and the
difficulty of measuring economic losses to the Company as a result of a breach
of the foregoing covenants, and because of the immediate and irreparable damage
that could be caused to the Company for which they would have no other adequate
remedy, Employee agrees that in the event of breach by Employee of the foregoing
covenant, the Company shall be entitled to specific performance of this
provision and co-injunctive and other equitable relief.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (d)           It
is agreed by the parties that the foregoing covenants in this paragraph 4 impose
a reasonable restraint on Employee in light of the activities and business of
the Company on the date of the execution of this Agreement and the current plans
of the Company and Employee that such covenants be construed and enforced in
accordance with the changing activities, business and locations of the Company
throughout the term of this Agreement, whether before or after the date of
termination of the employment of Employee.

       

      (e)           All
of the covenants in this paragraph 4 shall be construed as an agreement
independent of any other provision in this Agreement, and the existence of any
claim or cause of action of Employee against the Company, whether predicated on
this Agreement or otherwise, shall not constitute a defense to the enforcement
by the Company of such covenants.  Further, this paragraph 4 shall
survive the termination of this Agreement and the termination of Employee’s
employment with the Company.  It is specifically agreed that the
period of one (1) year following termination of employment stated at the
beginning of this paragraph 4, during which the agreements and covenants of
Employee made in this paragraph 4 shall be effective, shall be computed by
excluding from such computation any time during which Employee is in violation
of any provision of this paragraph 4.

       

      5.           TERMINATION; RIGHTS ON
TERMINATION.  This Agreement and Employee’s employment may be
terminated for any one of the following causes:

       

      (a)           DEATH.  The
death of Employee shall immediately terminate this Agreement with no severance
compensation due to Employee’s estate, heirs or other descendants or
representatives.

       

      (b)           DISABILITY.  If,
as a result of incapacity due to physical or mental illness or injury, Employee
shall have been absent from Employee’s full-time duties hereunder for three (3)
consecutive months, then thirty (30) days after receiving written notice (which
notice may occur before or after the end of three (3) month period, but which
shall not be effective earlier than the last day of three (3) month period), the
Company may terminate Employee’s employment hereunder provided Employee is
unable to resume Employee’s full-time duties at the conclusion of such notice
period.  Also, Employee may terminate Employee’s employment hereunder
if his health should become
impaired to an extent that makes the continued performance of Employee’s duties
hereunder hazardous to Employee’s physical or mental health or life, provided
that Employee shall have furnished the Company with a written statement from a
qualified doctor to such effect and provided, further, that, at the Company’s
request made within thirty (30) days of the date of such written statement,
Employee shall submit to an examination by a doctor selected by the Company who
is reasonably acceptable to Employee or Employee’s doctor and such doctor shall
have concurred in the conclusion of Employee’s doctor.  In the event
this Agreement is terminated as a result of Employee’s disability, Employee
shall receive from the Company Employee’s base salary at the rate then in
effect, payable at the Company’s regular and customary intervals for the payment
of salaries as then in effect, less any amounts Employee might receive under the
Company’s disability insurance policy, if any, for whatever time period is
remaining under the Term.

       

      (c)           CAUSE.  The
Company may, in its sole and absolute discretion, terminate the employment of
Employee hereunder immediately upon after delivery of written notice to
Employee, or at such later time as the Company may specify in such notice, for
“Cause.” As used in this Agreement “Cause” includes, but is not limited to, the
following: (1) Employee’s willful and material breach of this Agreement; (2)
Employee’s gross negligence in the performance, or intentional nonperformance,
(continuing for ten (10) days after receipt of written notice of need to cure)
of any of Employee’s material duties and responsibilities hereunder; (3)
Employee’s willful dishonesty or fraud, whether or not with respect to the
business or affairs of the Company, which affects the operations, property or
reputation of the Company; (4) Employee’s conviction of a felony crime; (5)
chronic alcohol or illegal drug abuse by Employee; (6) Employee’s willful injury
to any independent contractor, employee or agent of the Company, or to any other
person in the course of Employee’s performance of services for the Company; or
(7) The Board’s determination that the Company’s business model and direction
are failing to perform as expected standards and must be changed.  (8)
The Company files for protection under the Bankruptcy laws.  (9) If
Employee sexually harasses any employee, agent or contractor of the Company or
commits any act which otherwise creates an offensive work environment for
employees, agents or contractors of the Company.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      The
Company shall not be limited to termination as a remedy for any damaging,
injurious, improper or illegal act by Employee, but may also seek damages,
injunction, or such other remedy as the Company may deem appropriate under the
circumstances.  If Employee’s employment is terminated for Cause,
Employee agrees to vacate the Company’s offices on or before the effective date
of the termination and to return and deliver to the Company at such time all
Company property.  In the event of a termination for Cause, as
enumerated above, Employee shall have no right to any severance
compensation.

       

      (d)           WITHOUT
CAUSE.  At any time after the commencement of employment,
provided the Company does not have Cause to terminate Employee pursuant to (c)
above, Employee may, without Cause, terminate this Agreement and Employee’s
employment, effective ninety (90) days after written notice is provided to the
Company.  Employee may only be terminated without Cause by the Company
during the Term hereof if such termination is approved by a majority of the
members of the Board.  Should Employee be terminated by the Company
without Cause during the Term, Employee shall be entitled to receive from the
Company (18) months severance or if less than (18) months remains on employment
contract then the remaining months left on the contract (at Employee's then
current base) payable over the course of the year following such
termination.  The severance compensation shall be paid in accordance
with the Company’s standard payroll procedures but not less than
monthly.  If Employee resigns or otherwise terminates Employee’s
employment without cause pursuant to this paragraph 5(d), Employee shall receive
no severance compensation.

       

      (e)           TERMINATION BY EXECUTIVE
UPON CHANGE IN CONTROL.  Upon the termination of the Employee's
employment hereunder by the Employee (i) within 360 days after the occurrence of
a "Change in Control" as specified in Section 5(e)(A) hereof, the Company shall
(i) continue to pay to the Employee the base salary through the effective date
of termination specified in such notice and.  In addition, upon such
termination, all options to purchase vested shares of the Company’s common
stock, if any, shall accelerate and become immediately exercisable.

       

      

      (A)           For
purposes of this Agreement, a "Change in Control" shall mean:

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      (i)           
The acquisition (other than by or from the Company), at any time after the date
hereof, by any person, entity or "group" acquiring 51% or more of either the
then outstanding shares of common stock or the combined voting power of the
Company's then outstanding voting securities entitled to vote generally in the
election of directors (together with such common stock, "Voting Securities");
This does not apply to the contemplated reverse merger that the Company is
currently in the process of completing; or

      

      (ii)           Approval
by the shareholders of the Company of a reorganization, merger or consolidation
with respect to which persons who were the shareholders of the Company
immediately prior to such reorganization, merger or consolidation do not,
immediately thereafter, own more than 51% of the combined voting power entitled
to vote generally in the election of directors of the reorganized, merged or
consolidated company's then outstanding voting securities.

       

      (iii)          Paragraphs
(i) and (ii) above do not apply if the Company is sold or reorganized because of
the failure of the Business model.

      

      (iv)          Any
purported termination by the Company of the Employee's employment other than as
expressly permitted by this Agreement.

      

      (g)           Upon
termination of this Agreement for any reason provided above, Employee shall be
entitled to receive all compensation earned and all benefits and reimbursements
due through the effective date of termination.  Additional
compensation subsequent to termination, if any, will be due and payable to
Employee only to the extent and in the manner expressly provided
above.  All other rights and obligations of the Company and Employee
under this Agreement shall cease as of the effective date of termination, except
that the Company’s obligations under paragraph 10 hereof and Employee’s
obligations under paragraphs 4, 8, 9 and 11 hereof shall survive such
termination in accordance with their terms.  Further, unless Employee
and the Company otherwise agree in writing, upon termination of this Agreement
for any reason, Employee will immediately resign from all directors, officer or
other positions held with the Company.

       

      (h)           If
termination of Employee’s employment arises out of the Company’s failure to pay
Employee the amounts to which he is entitled under this Agreement or as a result
of any other material breach of this Agreement by the Company, as determined
pursuant to the provisions of paragraph 16 below, the Company shall pay all
amounts and damages to which Employee may be entitled as a result of such
breach, including interest thereon and all reasonable legal fees and expenses
and other costs incurred by Employee to enforce Employee’s rights
hereunder.  Further, none of the provisions of paragraph 4 hereof
shall apply in the event this Agreement is terminated as a result of a material
breach by the Company.

       

      6.           RESERVED.

       

      7.           PURCHASE RIGHT ON EMPLOYEE’S STOCK
AND OPTIONS.

      

      (a)           Irrevocable Option to
Purchase.  Upon (i) death or retirement of Employee (ii)
the  Company’s termination of Employee’s employment with the Company
by reason of Disability, Employee or next of kin will have (90) days to exercise
any outstanding vested options.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      8.           COMPANY PROPERTY;
INVENTIONS.

       

      (a)           All
records, designs, patents, business plans, financial statements, manuals,
memoranda, lists, and other property delivered to or compiled by Employee by or
on behalf of the Company or their representatives, vendors, or customers which
pertain to the business of the Company shall be and remain the property of the
Company, as the case may be, and be subject at all times to their discretion and
control.  Likewise, all correspondence, reports, records, charts,
advertising materials, and other similar data pertaining to the business,
activities, or future plans of the Company which is collected by Employee shall
be delivered promptly to the Company without request by it upon termination of
Employee’s employment.

       

      (b)           Employee
shall disclose promptly to the Company any and all significant conceptions and
ideas for inventions, improvements, and valuable discoveries, whether patentable
or not, which are conceived or made by Employee, solely or jointly with another,
during the period of employment, and which are directly related to the business
or activities of the Company and which Employee conceives as a result of
Employee’s employment by the Company.  Employee hereby assigns and
agrees to assign all of Employee’s interests therein to the Company or its
nominee.  Whenever requested to do so by the Company, Employee shall
execute any and all applications, assignments, or other instruments that the
Company shall deem necessary to apply for and obtain Letters Patent of the
United States or any foreign country or to otherwise protect the Company’s
interest therein.

       

      9.           CONFIDENTIALITY AND PROPRIETARY
INFORMATION.

       

      (a)           Acknowledgement.  Employee
acknowledges and agrees that in the course of rendering services to the Company
and its customers, Employee will have access to and will become acquainted with
confidential and proprietary information about the professional, business and
financial affairs of the Company, its affiliates and its vendors, suppliers and
customers, and that Employee may have contributed to or may in the future
contribute to such information.  Employee further recognizes that
Employee is being employed as a key employee, that the Company is engaged in a
highly competitive business, and that the success of the Company in the
marketplace and business depends upon its goodwill and reputation for integrity,
quality and dependability.  Employee recognizes that in order to guard
the legitimate interests of the Company it is necessary for the Company to
protect all such confidential and proprietary information, goodwill and
reputation.

       

      (b)           Proprietary
Information.  In the course of Employee’s service to the
Company, Employee may have access to confidential know-how, business documents
or information, marketing data, client lists and trade secrets which are
confidential.  Such information shall hereinafter be called
“Proprietary Information” and shall include any and all items enumerated in the
preceding sentence which come within the scope of the business activities of the
Company as to which Employee has had or may have access, whether previously
existing, now existing or arising hereafter, whether or not conceived or
developed by others or by Employee alone or with others during the period of his
service to the Company, and whether or not conceived or developed during regular
working hours. “Proprietary Information” shall not include any information which
is in the public domain during the period of service by Employee or becomes
public thereafter, provided such information is not in the public domain as a
consequence of disclosure by Employee in violation of this
Agreement.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      (c)           Fiduciary
Obligations.  Employee agrees and acknowledges that the
Proprietary Information is of critical importance to the Company and a violation
of this Section 8 will seriously and irreparably impair and damage the Company’s
business.  Employee therefore agrees, while he is an employee of the
Company and at all times thereafter, to keep all Proprietary Information
strictly confidential.

       

      (d)           Non-Disclosure.  Except
as required by law or order of any court or governmental entity or in connection
with the proper performance of his duties hereunder, Employee shall not
disclose, directly or indirectly (except as required by law), any Proprietary
Information to any person other than (a) the Company, (b) persons who are
authorized employees of the Company at the time of such disclosure, (c) such
other persons, including prospective investors or lenders, to whom Employee has
been instructed to make disclosure by the Company’s Board, or (d) Employee’s
counsel, so long as such counsel agrees to keep all Proprietary Information
confidential (in the case of clauses (b) and (c), only to the extent required in
the course of Employee’s service to the Company).  Upon any
termination of Employee’s employment hereunder, Employee shall deliver to the
Company all notes, letters, documents, tapes, discs, recorded data and records
which may contain Proprietary Information which are then in Employee’s
possession or control and shall not retain, use, or make any copies, summaries
or extracts thereof.

       

      10.           INDEMNIFICATION.  In
the event Employee is made a party to any threatened, pending, or completed
action, suit, or proceeding, whether civil, criminal, administrative, or
investigative (other than an action by the Company against Employee), by reason
of the fact that Employee is or was performing services under this Agreement,
then the Company shall indemnify Employee against all expenses (including
reasonable attorneys’ fees), judgments, fines, and amounts paid in settlement,
as actually and reasonably incurred by Employee in connection
therewith.  In the event that both Employee and the Company are made a
party to the same third-party action, complaint, suit, or proceeding, the
Company agrees to engage competent legal representation, and Employee agrees to
use the same representation, provided that if counsel selected by the Company
shall have a conflict of interest that prevents such counsel from representing
Employee, Employee may engage separate counsel and the Company shall pay all
reasonable attorneys’ fees of such separate counsel.  Further, while
Employee is expected at all times to use Employee’s best efforts to faithfully
discharge his duties under this Agreement, Employee cannot be held liable to the
Company for errors or omissions made in good faith where Employee has not
exhibited gross, willful and wanton negligence and misconduct or performed
criminal and fraudulent acts which materially damage the business of the
Company. The employee is hereby further indemnified pursuant to exhibit “B”
attached hereto.

       

      11.           REPRESENTATIONS OF
EMPLOYEE.  Employee hereby represents and warrants to the
Company that the execution of this Agreement by Employee and his employment by
the Company and the performance of Employee’s duties hereunder will not violate
or be a breach of any agreement with a former employer, client, or any other
person or entity.  Further, Employee agrees to indemnify the Company
for any claim, including but not limited to attorneys’ fees and expenses of
investigation, by any such third party that such third party may now have or may
hereafter come to have against the Company based upon or arising out of any
noncom petition agreement, invention or secrecy agreement between Employee and
such third party which was in existence as of the date of this
Agreement.

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      Employee
has and will continue to truthfully disclose to the Company the following
matters, whether occurring, at any time during the five (5) years immediately
preceding the date of this Agreement or at any time during the term of this
Agreement:

       

      (1)           any
criminal complaint, indictment or criminal proceeding in which Employee is named
as a defendant;

       

      (2)           any
allegation, investigation, or proceeding, whether administrative, civil or
criminal, against Employee by any licensing authority or industry association;
and

       

      (3)           any
allegation, investigation or proceeding, whether administrative, civil, or
criminal, against Employee for violating professional ethics or standards, or
engaging in illegal, immoral or other misconduct (of any nature or degree),
relating to the business of the Company.

       

      12.           ASSIGNMENT; BINDING
EFFECT.  This Agreement shall inure to the benefit of and be
binding on Employee and the Company and Employee’s and the Company’s respective
heirs, successors and assigns; provided, however, that
Employee shall have no right to assign Employee’s rights or duties under this
contract to any other person.  In the event of the sale, merger or
consolidation of the Company, Employee specifically agrees that the Company may
assign the Company’s rights and obligations hereunder to the Company’s
successor, assign or purchaser.  In addition, and in any event, the
Company may, at any time, assign the Company’s rights and obligations under this
Agreement to any person that is an affiliate of the Company or to any person
which, after any such assignment, employs at least 50% of the employees employed
by the Company immediately prior to the assignment.

       

      13.           COMPLETE AGREEMENT;
AMENDMENTS.  This Agreement supersedes any other agreements or
understandings, written or oral, among the Company and Employee, and Employee
has no oral representations, understandings or agreements with the Company or
any of its officers, directors, or representatives covering the same subject
matter as this Agreement.  This written Agreement is the final,
complete, and exclusive statement and expression of the agreement between the
Company and Employee and of all the terms of this Agreement, and it cannot be
varied, contradicted, or supplemented by evidence of any prior or
contemporaneous oral or written agreements.  This written Agreement
may not be later modified except by a written instrument signed by a duly
authorized officer of the Company and Employee, and no term of this Agreement
may be waived except by a written instrument signed by the party waiving the
benefit of such term.

       

      14.           NOTICE.  Whenever
any notice is required hereunder, it shall be given in writing addressed as
follows:

      

      
        
          	 	To
      the Company:	OmniReliant
      Corporation
	 	 	14375
      Myerlake Circle
	 	 	Clearwater,
      FL 33760

           

           

          
            
               

            

            
              9

              
                

              

            

            
               

            

          

           

          	 	 	 
	
                   
      

                	
                  To
      Employee:

                	
                  Paul
      Morrison

                

        

      

      
        
          	
                   
      

                	
                  34
      Milton Ave.

                
	 	Nutley,
      NJ 07110

        

      

       

      Notice
shall be deemed given and effective three (3) days after the deposit in the U.S.
mail of a writing addressed as above and sent first class mail, certified,
return receipt requested, or, in any other case, when actually
received.  Either party may change the address for notice by notifying
the other party of such change in accordance with this paragraph
14.

       

      15.           SEVERABILITY.  If
any portion of this Agreement is held invalid or inoperative, the other portions
of this Agreement shall be deemed valid and operative and, so far as is
reasonable and possible, effect shall be given to the intent manifested by the
portion held invalid or inoperative.  Employee and the Company agree
and acknowledge that the provisions of paragraphs 4 and 9 are material and of
the essence to this Agreement.  If the scope of any restriction or
covenant contained therein should be or become too broad or extensive to permit
enforcement thereof to its fullest extent, then such restriction or covenant
shall be enforced to the maximum extent permitted by law, and Employee hereby
consents and agrees that (a) it is the parties intention and agreement that the
covenants and restrictions contained therein be enforced as written, and (b) in
the event a court of competent jurisdiction should determine that any
restriction or covenant contained therein is too broad or extensive to permit
enforcement thereof to its fullest extent, the scope of any such restriction or
covenant may be modified accordingly in any judicial proceeding brought to
enforce such restriction or covenant, but should be modified to permit
enforcement of the restrictions and covenants contained herein to the maximum
extent the court, in its judgment, will permit.

       

      16.           ARBITRATION.  Any
unresolved dispute or controversy arising under or in connection with this
Agreement or Employee’s employment with the Company (or any termination thereof)
shall be settled exclusively by arbitration, conducted before a panel of three
(3) arbitrators in Hillsbourgh County, FL, in accordance with the rules of the
American Arbitration Association then in effect.  A decision by a
majority of the arbitration panel shall be final and
binding.  Judgment may be entered on the arbitrators’ award in any
court having jurisdiction.  OmniReliant shall pay the reasonable fees
and expenses of any arbitration proceeding in connection with this
Agreement.

       

      17.           GOVERNING LAW.  This
Agreement shall in all respects be construed according to the laws of the State
of Florida.

       

      18.           HEADINGS.  The
paragraph headings herein are for reference purposes only and are not intended
in any way to describe, interpret, define, or limit the extent or intent of the
Agreement or of any part hereof.

       

      19.           COUNTERPARTS.  This
Agreement may be executed in counterparts, each of which shall be deemed an
original and all of which together shall constitute but one and the same
instrument.

       

      

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      

       

      IN WITNESS WHEREOF, the
parties hereto have made and entered into this Agreement as of the date first
above written.

       

      
        
          
            	 
      	 
      	
                    The
      Company:

                    OmniReliant
      Holdings, Inc.

                  
	 
      	 
      	 
      
	 
      	 
      	
                    By

                    /s/ Richard Diamond

                    Name:
      Richard Diamond

                    Title:  Director

                  
	 
      	 
      	
                     

                    Employee:

                     

                  
	 
      	 
      	
                    /s/ Paul Morrison

                    Paul
      Morrison

                  

          

        

      

      

       

       

       

       

      11

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