Document:

SPLIT-OFF AGREEMENT

 

This SPLIT-OFF AGREEMENT,
dated as of November 12, 2012 (this “Agreement”), is entered into by and among Benaco, Inc. a Nevada corporation
(“Seller”), Benaco Split Corp., a Delaware corporation (“Split-Off Subsidiary”), and Natalia Belykh
(“Buyer”).

 

RECITALS:

 

WHEREAS,
Seller is the owner of all of the issued and outstanding capital stock of Split-Off Subsidiary; Split-Off Subsidiary is a wholly-owned
subsidiary of Seller which will acquire the business assets and liabilities previously held by Seller; and Seller has no other
businesses or operations prior to the Share Exchange (as defined herein);

 

WHEREAS, Seller
entered into that certain Share Exchange Agreement by and among, Homeland Safety Consultants, Inc., a New York corporation (“Homeland”),
the shareholders of Homeland and certain Homeland creditors listed therein, pursuant to which Homeland shareholders will exchange
100% of the issued and outstanding shares of common stock of Homeland for the issuance of Seller’s Shares, and all of Homeland’s
indebtedness to each Homeland creditor shall be converted into the number of Seller’s shares, as provided by the terms and
conditions of the Share Exchange Agreement (the “Share Exchange”).

 

WHEREAS, the
execution and delivery of this Agreement is required as a condition to the execution of the Share Exchange Agreement, and the consummation
of the assignment, assumption, purchase and sale transactions contemplated by this Agreement is also a condition to the completion
of the transactions contemplated by the Share Exchange Agreement; and

 

WHEREAS, Buyer
desires to purchase the Shares (as defined in Section 2.1) from Seller, and to assume, as between Seller and Buyer, all
responsibility for any debts, obligations and liabilities of Seller, except the Excluded Liabilities, as indicated below, and Split-Off
Subsidiary, at the Effective Time (as defined below) of the Share Exchange, on the terms and subject to the conditions specified
in this Agreement; and

 

WHEREAS, Seller
desires to sell and transfer the Shares to Buyer, on the terms and subject to the conditions specified in this Agreement.

 

NOW, THEREFORE,
in consideration of the premises and the covenants, promises and agreements herein set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending legally to be bound, agree as follows:

 

I.            ASSIGNMENT
AND ASSUMPTION OF SELLER’S ASSETS AND LIABILITIES. 

 

Subject to the
terms and conditions provided below:

 

1.1           Assignment
of Assets. Seller hereby contributes, assigns, conveys and transfers to Split-Off Subsidiary, and Split-Off Subsidiary
hereby receives, acquires and accepts, all assets and properties of Seller at the Effective Time of the Share Exchange, excluding
all cash and cash equivalents of Seller and all of Seller’s equity interest in International Safety Group, Inc., a Delaware
corporation, but including all of the assets and proceeds of Seller, not limited to the following, but excluding all the capital
stock of Split-Off Subsidiary:

 

(a)          all
accounts receivable (having an approximate value of $0.00);

 

    	 

    	 

    

 

(b)          all
inventories of raw materials, work in process, parts, supplies and finished products;

 

(c)          all
right, title and interest, of record, beneficial or otherwise, in and to and stock, membership interests, partnership interests
or other equity or ownership interests in any corporation, limited liability company, partnership or other entity, and all bonds,
debentures, notes or other securities;

 

(d)          all
of Seller’s rights, title and interests in, to and under all contracts, agreements, leases, licenses (including software
licenses), supply agreements, consulting agreements, commitments, purchase orders, customer orders and work orders, and including
all of Seller’s rights thereunder to use and possess equipment provided by third parties, and all representations, warranties,
covenants and guarantees related to the foregoing (provided that, to the extent any of the foregoing or any claim or right or benefit
arising thereunder or resulting therefrom is not assignable by its terms or the assignment thereof shall require the consent or
approval of another party thereto, this Agreement shall not constitute an assignment thereof if an attempted assignment would be
in violation of the terms thereof or if such consent is not obtained prior to Closing, and in lieu thereof Seller shall reasonably
cooperate with Split-Off Subsidiary in any reasonable arrangement designed to provide Split-Off Subsidiary the benefits thereunder
or any claim or right arising thereunder);

 

(e)          all
intellectual property, including but not limited to issued patents, patent applications (whether or not patents are issued thereon
and whether modified, withdrawn or resubmitted), unpatented inventions, product designs, copyrights (whether registered or unregistered),
know-how, technology, trade secrets, technical information, notebooks, drawings, software, computer coding (both object and source)
and all documentation, manuals and drawings related thereto, trademarks or service marks and applications therefor, unregistered
trademarks or service marks, trade names, logos and icons and all rights to sue or recover for the infringement or misappropriation
thereof;

 

(f)          all
fixed assets, including but not limited to the machinery, equipment, furniture, vehicles, office equipment and other tangible personal
property owned or leased by Seller;

 

(g)          all
customer lists, business records, customer records and files, customer financial records, and all other files and information related
to customers, all customer proposals, all open service agreements with customers and all uncompleted customer contracts and agreements;
and

 

(h)          to
the extent legally assignable, all licenses, permits, certificates, approvals and authorizations issued by Governmental Entities
and necessary to own, lease or operate the assets and properties of Seller and to conduct Seller’s business as it is presently
conducted;

 

all of the foregoing
being referred to herein as the “Assigned Assets.”

 

    	-2-

    	 

    

 

1.2           Assignment
and Assumption of Liabilities. Seller hereby assigns to Split-Off Subsidiary, and Split-Off Subsidiary hereby assumes and
agrees to pay, honor and discharge, and to indemnify Seller and Seller’s affiliates against, all debts, adverse claims, liabilities,
judgments and obligations, including tax obligations, of Seller as of the Closing Date whether accrued, contingent or otherwise
and whether known or unknown, including those arising under any law (including common law) or any rule or regulation of any Governmental
Entity or imposed by any court or any arbitrator in a binding arbitration resulting from, arising out of or relating to the assets,
activities, operations, actions or omissions of Seller, or products manufactured or sold thereby or services provided thereby,
or under contracts, agreements (whether written or oral), leases, commitments or undertakings thereof, but expressly excluding
the following liabilities of Seller (the “Excluded Liabilities”)

 

(a)          all
obligations associated with the October 2012 bridge loan, including, but not limited to an aggregate of $400,000 in principal amount
of the bridge loan, together with accrued interests thereon;

 

(b)          payment
of $698.00 for preparation of due diligence reports during July-August 2012 by Commercial Business Intelligence, Inc.;

 

(c)          payment
to Vintage Filings in the amount of $603.00 for filing the reports with the SEC on EDGAR from October 16, 2012 and including the
Closing Date;

 

		(d)	expenses associated with incorporation of Benaco Split Corp., including filing and service fees
and fees for registered agent representation.

 

The assignment
and assumption of Seller’s assets and liabilities provided for in this Article I

is referred to as the “Assignment.”

 

II.           PURCHASE
AND SALE OF STOCK.

 

2.1           Purchased
Shares. Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyer and Buyer shall purchase
from Seller, on the Closing Date, all of the issued and outstanding shares of capital stock of Split-Off Subsidiary (the “Shares”),
pro rata in the proportions set forth in Exhibit A attached hereto.

 

2.2           Purchase
Price. The purchase price for the Shares shall be the transfer and delivery by Buyer to Seller of the type and number of
shares of common stock and other securities of Seller that Buyer owns (the “Purchase Price Securities”), as set forth
in Exhibit A attached hereto, deliverable as provided in Section 3.3 

 

III.          CLOSING.

 

3.1           Closing.
The closing of the transactions contemplated in this Agreement (the “Closing”) shall take simultaneously with the closing
of the Share Exchange (the “Effective Time”). The date on which the Closing occurs shall be referred to herein as the
“Closing Date.”

 

3.2           Transfer
of Shares. At the Closing, Seller shall deliver to Buyer certificates representing the Shares purchased by such Buyer,
duly endorsed to such Buyer or as directed by such Buyer, which delivery shall vest such Buyer with good and marketable title to
such Shares, free and clear of all liens and encumbrances.

 

3.3           Payment
of Purchase Price. At the Closing, Buyer shall deliver to Seller a certificate or certificates representing such Buyer’s
Purchase Price Securities duly endorsed to Seller, which delivery shall vest Seller with good and marketable title to the Purchase
Price Securities, free and clear of all liens and encumbrances.

 

    	-3-

    	 

    

 

3.4           Transfer
of Records. At the Closing, Seller shall transfer to Split-Off Subsidiary all existing corporate books and records in Seller’s
possession relating to Split-Off Subsidiary and its business, including but not limited to all agreements, litigation files, real
estate files, personnel files and filings with governmental agencies; provided, however, when any such documents
relate to both Seller and Split-Off Subsidiary, only copies of such documents need be furnished. On or before the Closing, Buyer
and Split-Off Subsidiary shall transfer to Seller all existing corporate books and records in the possession of Buyer or Split-Off
Subsidiary relating to Seller, including but not limited to all corporate minute books, stock ledgers, certificates and corporate
seals of Seller and all agreements, litigation files, real property files, personnel files and filings with governmental agencies;
provided, however, when any such documents relate to both Seller and Split-Off Subsidiary or its business, only copies
of such documents need be furnished.

 

3.5           Instruments
of Assignment. At the Closing, Seller and Split-Off Subsidiary shall deliver to each other such instruments providing for
the Assignment as the other may reasonably request (the “Instruments of Assignment”).

 

IV.          BUYER’S
REPRESENTATIONS AND WARRANTIES. Buyer represents and warrants to Seller and Split-Off Subsidiary that:

 

4.1           Capacity
and Enforceability. Buyer has the legal capacity to execute and deliver this Agreement and the documents to be executed
and delivered by Buyer at the Closing pursuant to the transactions contemplated hereby. This Agreement and all such documents constitute
valid and binding agreements of Buyer, enforceable in accordance with their terms.

 

4.2           Compliance.
Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby by Buyer will
result in the breach of any term or provision of, or constitute a default under, or violate any agreement, indenture, instrument,
order, law or regulation to which Buyer is a party or by which Buyer is bound.

 

4.3           Purchase
for Investment. Buyer is financially able to bear the economic risks of acquiring the Shares and the other transactions
contemplated hereby, and has no need for liquidity in her investment in the Shares. Buyer has such knowledge and experience in
financial and business matters in general, and with respect to businesses of a nature similar to the business of Split-Off Subsidiary
(after giving effect to the Assignment), so as to be capable of evaluating the merits and risks of, and making an informed business
decision with regard to, the acquisition of the Shares and the other transactions contemplated hereby. Buyer is acquiring the Shares
solely for her own account and not with a view to or for resale in connection with any distribution or public offering thereof,
within the meaning of any applicable securities laws and regulations, unless such distribution or offering is registered under
the Securities Act of 1933, as amended (the “Securities Act”), or an exemption from such registration is available.
Buyer has (i) received all the information he has deemed necessary to make an informed decision with respect to the acquisition
of the Shares and the other transactions contemplated hereby; (ii) had an opportunity to make such investigation as he has
desired pertaining to Split-Off Subsidiary (after giving effect to the Assignment) and the acquisition of an interest therein and
the other transactions contemplated hereby, and to verify the information which is, and has been, made available to him; and (iii) had
the opportunity to ask questions of Seller concerning Split-Off Subsidiary (after giving effect to the Assignment). Buyer acknowledges
that Buyer is a former director and officer of Seller and, as such, has actual knowledge of the business, operations and financial
affairs of Split-Off Subsidiary (after giving effect to the Assignment). Buyer has received no public solicitation or advertisement
with respect to the offer or sale of the Shares. Buyer realizes that the Shares are “restricted securities” as that
term is defined in Rule 144 promulgated by the Securities and Exchange Commission under the Securities Act, the resale of the Shares
is restricted by federal and state securities laws and, accordingly, the Shares must be held indefinitely unless their resale is
subsequently registered under the Securities Act or an exemption from such registration is available for their resale. Buyer understands
that any resale of the Shares by him must be registered under the Securities Act (and any applicable state securities law) or be
effected in circumstances that, in the opinion of counsel for Split-Off Subsidiary at the time, create an exemption or otherwise
do not require registration under the Securities Act (or applicable state securities laws). Buyer acknowledges and consents that
certificates now or hereafter issued for the Shares will bear a legend substantially as follows:

 

    	-4-

    	 

    

 

THE SECURITIES EVIDENCED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR QUALIFIED
UNDER ANY APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”), HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD,
PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO A REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND QUALIFICATION
UNDER THE STATE ACTS OR PURSUANT TO EXEMPTIONS FROM SUCH REGISTRATION OR QUALIFICATION REQUIREMENTS (INCLUDING, IN THE CASE OF
THE SECURITIES ACT, THE EXEMPTIONS AFFORDED BY SECTION 4(1) OF THE SECURITIES ACT AND RULE 144 THEREUNDER). AS A PRECONDITION TO
ANY SUCH TRANSFER, THE ISSUER OF THESE SECURITIES SHALL BE FURNISHED WITH AN OPINION OF COUNSEL OPINING AS TO THE AVAILABILITY
OF EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION AND/OR SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY THERETO THAT ANY SUCH
TRANSFER WILL NOT VIOLATE THE SECURITIES LAWS.

 

Buyer understands that
the Shares are being sold to him pursuant to the exemption from registration contained in Section 4(1) of the Securities Act and
that Seller is relying upon the representations made herein as one of the bases for claiming the Section 4(1) exemption.

 

4.4           Liabilities.
Following the Closing, Seller will have no liability for any debts, liabilities or obligations of Split-Off Subsidiary or its business
or activities, or the business or activities of Seller prior to the Closing, and there are no outstanding guaranties, performance
or payment bonds, letters of credit or other contingent contractual obligations that have been undertaken by Seller directly or
indirectly in relation to Split-Off Subsidiary or its business, or the business of Seller prior to the Closing, and that may survive
the Closing.

 

4.5           Title
to Purchase Price Securities. Buyer is the sole record and beneficial owner of her Purchase Price Securities. At Closing,
Buyer will have good and marketable title to her Purchase Price Securities, which Purchase Price Securities are, and at the Closing
will be, free and clear of all options, warrants, pledges, claims, liens and encumbrances, and any restrictions or limitations
prohibiting or restricting transfer to Seller, except for restrictions on transfer as contemplated by applicable securities laws.

 

V.           SELLER’S
AND SPLIT-OFF SUBSIDIARY’S REPRESENTATIONS AND WARRANTIES. Seller and Split-Off Subsidiary, as applicable, represent
and warrant to Buyer that:

 

5.1           Organization
and Good Standing. Each of Seller and Split-Off Subsidiary is a corporation duly incorporated, validly existing, and in
good standing under the laws of the State of Nevada and Delaware, respectively.

 

5.2           Authority
and Enforceability. The execution and delivery of this Agreement and the documents to be executed and delivered at the
Closing pursuant to the transactions contemplated hereby, and performance in accordance with the terms hereof and thereof, have
been duly authorized by Seller and Split-Off Subsidiary and all such documents constitute valid and binding agreements of Seller
and Split-Off Subsidiary enforceable in accordance with their terms.

 

    	-5-

    	 

    

 

5.3           Title
to Shares. Seller is the sole record and beneficial owner of the Shares. At Closing, Seller will have good and marketable
title to the Shares, which Shares are, and at the Closing will be, free and clear of all options, warrants, pledges, claims, liens
and encumbrances, and any restrictions or limitations prohibiting or restricting transfer to Buyer, except for restrictions on
transfer as contemplated by Section 3.4 above. The Shares constitute all of the issued and outstanding shares of capital
stock of Split-Off Subsidiary.

 

5.4           WARN
Act. Split-Off Subsidiary does not have a sufficient number of employees to make it subject to the Worker Adjustment and
Retraining Notification Act.

 

VI.         OBLIGATIONS
OF BUYER PENDING CLOSING. Buyer covenants and agrees that between the date hereof and the Closing:

 

6.1           Not
Impair Performance. Buyer shall not take any intentional action that would cause the conditions upon the obligations of
the parties hereto to effect the transactions contemplated hereby not to be fulfilled, including, without limitation, taking or
causing to be taken any action that would cause the representations and warranties made by any party herein not to be true, correct
and accurate as of the Closing, or in any way impairing the ability of Seller to satisfy its obligations as provided in Article
VII..

 

6.2           Assist
Performance. Buyer shall exercise its reasonable best efforts to cause to be fulfilled those conditions precedent to Seller’s
obligations to consummate the transactions contemplated hereby which are dependent upon actions of Buyer and to make and/or obtain
any necessary filings and consents in order to consummate the transactions contemplated by this Agreement.

 

VII.        OBLIGATIONS
OF SELLER and Split-Off Subsidiary PENDING CLOSING. Seller and Split-Off
Subsidiary covenant and agree that between the date hereof and the Closing:

 

7.1           Business
as Usual. Split-Off Subsidiary shall operate and Seller shall cause Split-Off Subsidiary to operate in accordance with
past practices and shall use best efforts to preserve its goodwill and the goodwill of its employees, customers and others having
business dealings with Split-Off Subsidiary. Without limiting the generality of the foregoing, from the date of this Agreement
until the Closing Date, Split-Off Subsidiary shall (a) make all normal and customary repairs to its equipment, assets and
facilities, (b) keep in force all insurance, (c) preserve in full force and effect all material franchises, licenses,
contracts and real property interests and comply in all material respects with all laws and regulations, (d) collect all accounts
receivable and pay all trade creditors in the ordinary course of business at intervals historically experienced, and (e) preserve
and maintain Split-Off Subsidiary’s assets in their current operating condition and repair, ordinary wear and tear excepted.
From the date of this Agreement until the Closing Date, Split-Off Subsidiary shall not (i) amend, terminate or surrender any
material franchise, license, contract or real property interest, or (ii) sell or dispose of any of its assets except in the
ordinary course of business. Neither Split-Off Subsidiary nor Seller shall take or omit to take any action that results in Buyer
incurring any liability or obligation prior to or in connection with the Closing.

 

7.2           Not
Impair Performance. Seller shall not take any intentional action that would cause the conditions upon the obligations of
the parties hereto to effect the transactions contemplated hereby not to be fulfilled, including, without limitation, taking or
causing to be taken any action which would cause the representations and warranties made by any party herein not to be materially
true, correct and accurate as of the Closing, or in any way impairing the ability of Buyer to satisfy his obligations as provided
in Article VI.

 

    	-6-

    	 

    

 

7.3           Assist
Performance. Seller shall exercise its reasonable best efforts to cause to be fulfilled those conditions precedent to Buyer’s
obligations to consummate the transactions contemplated hereby which are dependent upon the actions of Seller and to work with
Buyer to make and/or obtain any necessary filings and consents. Seller shall cause Split-Off Subsidiary to comply with its obligations
under this Agreement.

 

VIII.        SELLER’S
AND SPLIT-OFF SUBSIDIARY’S CONDITIONS PRECEDENT TO CLOSING. The obligations of Seller and Split-Off Subsidiary to
close the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing of each of the
following conditions precedent (any or all of which may be waived by Seller in writing):

 

8.1           Representations
and Warranties; Performance. All representations and warranties of Buyer contained in this Agreement shall have been true
and correct, in all material respects, when made and shall be true and correct, in all material respects, at and as of the Closing,
with the same effect as though such representations and warranties were made at and as of the Closing. Buyer shall have performed
and complied with all covenants and agreements and satisfied all conditions, in all material respects, required by this Agreement
to be performed or complied with or satisfied by Buyer at or prior to the Closing.

 

8.2           Additional
Documents. Buyer shall deliver or cause to be delivered such additional documents as may be necessary in connection with
the consummation of the transactions contemplated by this Agreement and the performance of their obligations hereunder.

 

8.3           Release
by Split-Off Subsidiary. At the Closing, Split-Off Subsidiary shall execute and deliver to Seller a general release which
in substance and effect releases Seller from any and all liabilities and obligations that Seller may owe to Split-Off Subsidiary
in any capacity, and from any and all claims that Split-Off Subsidiary may have against Seller, or their respective managers, members,
officers, directors, stockholders, employees and agents (other than those arising pursuant to this Agreement or any document delivered
in connection with this Agreement).

 

IX.          BUYER’S
CONDITIONS PRECEDENT TO CLOSING. The obligation of Buyer to close the transactions contemplated by this Agreement is subject
to the satisfaction at or prior to the closing of each of the following conditions precedent (any and all of which may be waived
by such Buyer in writing):

 

9.1           Representations
and Warranties; Performance. All representations and warranties of Seller and Split-Off Subsidiary contained in this Agreement
shall have been true and correct, in all material respects, when made and shall be true and correct, in all material respects,
at and as of the Closing with the same effect as though such representations and warranties were made at and as of the Closing.
Seller and Split-Off Subsidiary shall have performed and complied with all covenants and agreements and satisfied all conditions,
in all material respects, required by this Agreement to be performed or complied with or satisfied by them at or prior to the Closing.

 

X.           OTHER
AGREEMENTS.

 

10.1         Expenses.
Each party hereto shall bear its expenses separately incurred in connection with this Agreement and with the performance of its
obligations hereunder.

 

    	-7-

    	 

    

 

10.2         Confidentiality.
Buyer shall not make any public announcements concerning this transaction without the prior written agreement of Seller, other
than as may be required by applicable law or judicial process. If for any reason the transactions contemplated hereby are not consummated,
then Buyer shall return any information received by Buyer from Seller or Split-Off Subsidiary, and Buyer shall cause all confidential
information obtained by Buyer concerning Split-Off Subsidiary and its business to be treated as such.

 

10.3         Brokers’
Fees. In connection with the transaction specifically contemplated by this Agreement, no party to this Agreement has employed
the services of a broker and each agrees to indemnify the other against all claims of any third parties for fees and commissions
of any brokers claiming a fee or commission related to the transactions contemplated hereby.

 

10.4         Access
to Information Post-Closing; Cooperation.

 

(a)          Following
the Closing, Buyer and Split-Off Subsidiary shall afford to Seller and its authorized accountants, counsel and other designated
representatives, reasonable access (and including using reasonable efforts to give access to persons or firms possessing information)
and duplicating rights during normal business hours to allow records, books, contracts, instruments, computer data and other data
and information (collectively, “Information”) within the possession or control of Buyer or Split-Off Subsidiary insofar
as such access is reasonably required by Seller. Information may be requested under this Section 10.4(a), for, without limitation,
audit, accounting, claims, litigation and tax purposes, as well as for purposes of fulfilling disclosure and reporting obligations
and performing this Agreement and the transactions contemplated hereby. No files, books or records of Split-Off Subsidiary existing
at the Closing Date shall be destroyed by Buyer or Split-Off Subsidiary after Closing but prior to the expiration of any period
during which such files, books or records are required to be maintained and preserved by applicable law without giving Seller at
least 30 days’ prior written notice, during which time Seller shall have the right to examine and to remove any such files,
books and records prior to their destruction.

 

(b)          Following
the Closing, Seller shall afford to Split-Off Subsidiary and its authorized accountants, counsel and other designated representatives
reasonable access (including using reasonable efforts to give access to persons or firms possessing information) and duplicating
rights during normal business hours to Information within Seller’s possession or control relating to the business of Split-Off
Subsidiary insofar as such access is reasonably required by Buyer. Information may be requested under this Section 10.4(b),
for, without limitation, audit, accounting, claims, litigation and tax purposes as well as for purposes of fulfilling disclosure
and reporting obligations and for performing this Agreement and the transactions contemplated hereby. No files, books or records
of Split-Off Subsidiary existing at the Closing Date shall be destroyed by Seller after Closing but prior to the expiration of
any period during which such files, books or records are required to be maintained and preserved by applicable law without giving
Buyer at least 30 days’ prior written notice, during which time Buyer shall have the right to examine and to remove any such
files, books and records prior to their destruction.

 

(c)          At
all times following the Closing, Seller, Buyer and Split-Off Subsidiary shall use their reasonable efforts to make available to
the other on written request, the current and former officers, directors, employees and agents of Seller or Split-Off Subsidiary
for any of the purposes set forth in Section 10.4(a) or (b) above or as witnesses to the extent that such persons may reasonably
be required in connection with any legal, administrative or other proceedings in which Seller or Split-Off Subsidiary may from
time to be involved.

 

    	-8-

    	 

    

 

(d)          The
party to whom any Information or witnesses are provided under this Section 10.4 shall reimburse the provider thereof for
all out-of-pocket expenses actually and reasonably incurred in providing such Information or witnesses.

 

(e)          Seller,
Buyer, Split-Off Subsidiary and their respective employees and agents shall each hold in strict confidence all Information concerning
the other party in their possession or furnished by the other or the other’s representative pursuant to this Agreement with
the same degree of care as such party utilizes as to such party’s own confidential information (except to the extent that
such Information is (i) in the public domain through no fault of such party or (ii) later lawfully acquired from any
other source by such party), and each party shall not release or disclose such Information to any other person, except such party’s
auditors, attorneys, financial advisors, bankers, other consultants and advisors or persons to whom such party has a valid obligation
to disclose such Information, unless compelled to disclose such Information by judicial or administrative process or, as advised
by its counsel, by other requirements of law.

 

(f)          Seller,
Buyer and Split-Off Subsidiary shall each use their best efforts to forward promptly to the other party all notices, claims, correspondence
and other materials which are received and determined to pertain to the other party.

 

10.5         Guarantees,
Surety Bonds and Letter of Credit Obligations. In the event that Seller is obligated for any debts, obligations or liabilities
of Split-Off Subsidiary by virtue of any outstanding guarantee, performance or surety bond or letter of credit provided or arranged
by Seller on or prior to the Closing Date, Buyer and Split-Off Subsidiary shall use their best efforts to cause to be issued replacements
of such bonds, letters of credit and guarantees and to obtain any amendments, novations, releases and approvals necessary to release
and discharge fully Seller from any liability thereunder following the Closing. Buyer and Split-Off Subsidiary, jointly and severally,
shall be responsible for, and shall indemnify, hold harmless and defend Seller from and against, any costs or losses incurred by
Seller arising from such bonds, letters of credit and guarantees and any liabilities arising therefrom and shall reimburse Seller
for any payments that Seller may be required to pay pursuant to enforcement of its obligations relating to such bonds, letters
of credit and guarantees.

 

10.6         Filings
and Consents. Buyer, at its risk, shall determine what, if any, filings and consents must be made and/or obtained prior
to Closing to consummate the purchase and sale of the Shares. Buyer shall indemnify the Seller Indemnified Parties (as defined
in Section 12.1 below) against any Losses (as defined in Section 12.1 below) incurred by such Seller Indemnified
Parties by virtue of the failure to make and/or obtain any such filings or consents. Recognizing that the failure to make and/or
obtain any filings or consents may cause Seller to incur Losses or otherwise adversely affect Seller, Buyer and Split-Off Subsidiary
confirm that the provisions of this Section 10.6 will not limit Seller’s right to treat such failure as the failure
of a condition precedent to Seller’s obligation to close pursuant to Article VIII above.

 

10.7         Insurance.
Buyer acknowledges that on the Closing Date, effective as of the Closing, any insurance coverage and bonds provided by Seller for
Buyer or for Split-Off Subsidiary, and all certificates of insurance evidencing that Buyer or Split-Off Subsidiary maintain any
required insurance by virtue of insurance provided by Seller, will terminate with respect to any insured damages resulting from
matters occurring subsequent to Closing.

 

    	-9-

    	 

    

 

10.8         Agreements
Regarding Taxes.

 

(a)          Tax
Sharing Agreements. Any tax sharing agreement between Seller and Split-Off Subsidiary is terminated as of the Closing Date
and will have no further effect for any taxable year (whether the current year, a future year or a past year).

 

(b)          Returns
for Periods Through the Closing Date. Seller will include the income and loss of Split-Off Subsidiary (including any deferred
income triggered into income by Reg. §1.1502-13 and any excess loss accounts taken into income under Reg. §1.1502-19)
on Seller’s consolidated federal income tax returns for all periods through the Closing Date and pay any federal income taxes
attributable to such income. Seller and Split-Off Subsidiary agree to allocate income, gain, loss, deductions and credits between
the period up to Closing (the “Pre-Closing Period”) and the period after Closing (the “Post-Closing Period”)
based on a closing of the books of Split-Off Subsidiary, and both Seller and Split-Off Subsidiary agree not to make an election
under Reg. §1.1502-76(b)(2)(ii) to ratably allocate the year’s items of income, gain, loss, deduction and credit. Seller,
Split-Off Subsidiary and Buyer agree to report all transactions not in the ordinary course of business occurring on the Closing
Date after Buyer’s purchase of the Shares on Split-Off Subsidiary’s tax returns to the extent permitted by Reg. §1.1502-76(b)(1)(ii)(B).
Buyer agrees to indemnify Seller for any additional tax owed by Seller (including tax owed by Seller due to this indemnification
payment) resulting from any transaction engaged in by Split-Off Subsidiary or Seller during the Pre-Closing Period or on the Closing
Date before Buyer’s purchase of the Shares. Split-Off Subsidiary will furnish tax information to Seller for inclusion in
Seller’s consolidated federal income tax return for the period which includes the Closing Date in accordance with Split-Off
Subsidiary’s past custom and practice.

 

(c)          Audits.
Seller will allow Split-Off Subsidiary and its counsel to participate at Split-Off Subsidiary’s expense in any audit of Seller’s
consolidated federal income tax returns to the extent that such audit raises issues that relate to and increase the tax liability
of Split-Off Subsidiary. Seller shall have the absolute right, in its sole discretion, to engage professionals and direct the representation
of Seller in connection with any such audit and the resolution thereof, without receiving the consent of Buyer or Split-Off Subsidiary
or any other party acting on behalf of Buyer or Split-Off Subsidiary, provided that Seller will not settle any such audit in a
manner which would materially adversely affect Split-Off Subsidiary after the Closing Date unless such settlement would be reasonable
in the case of a person that owned Split-Off Subsidiary both before and after the Closing Date. In the event that after Closing
any tax authority informs Buyer or Split-Off Subsidiary of any notice of proposed audit, claim, assessment or other dispute concerning
an amount of taxes which pertain to Seller, or to Split-Off Subsidiary during the period prior to Closing, Buyer or Split-Off Subsidiary
must promptly notify Seller of the same within 15 calendar days of the date of the notice from the tax authority. In the event
Buyer or Split-Off Subsidiary do not notify Seller within such 15 day period, Buyer and Split-Off Subsidiary, jointly and severally,
will indemnify Seller for any incremental interest, penalty or other assessments resulting from the delay in giving notice. To
the extent of any conflict or inconsistency, the provisions of this Section 10.8 shall control over the provisions of Section 12.2
below.

 

    	-10-

    	 

    

 

(d)          Cooperation
on Tax Matters. Buyer, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested
by any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding
with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of
records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available
on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off
Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller
relating to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the
extent notified by Seller, any extensions thereof) of the respective taxable periods, and abide by all record retention agreements
entered into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or
discarding any such books and records and, if Seller so requests, Buyer agrees to cause Split-Off Subsidiary to allow Seller to
take possession of such books and records.

 

10.9         ERISA.
Effective as of the Closing Date, Split-Off Subsidiary shall terminate its participation in, and withdraw from, any employee benefit
plans sponsored by Seller, and Seller and Buyer shall cooperate fully in such termination and withdrawal. Without limitation, Split-Off
Subsidiary shall be solely responsible for (i) all liabilities under those employee benefit plans notwithstanding any status
as an employee benefit plan sponsored by Seller, and (ii) all liabilities for the payment of vacation pay, severance benefits,
and similar obligations, including, without limitation, amounts which are accrued but unpaid as of the Closing Date with respect
thereto. Buyer and Split-Off Subsidiary acknowledge and agree that Split-Off Subsidiary is solely responsible for providing continuation
health coverage, as required under the Consolidated Omnibus Reconciliation Act of 1985, as amended (“COBRA”), to each
person, if any, participating in an employee benefit plan subject to COBRA with respect to such employee benefit plan as of the
Closing Date, including, without limitation, any person whose employment with Split-Off Subsidiary is terminated after the Closing
Date.

 

XI.         TERMINATION.
This Agreement may be terminated at, or at any time prior to, the Closing by mutual written consent of Seller, Buyer and Split-Off
Subsidiary.

 

If this Agreement is
terminated as provided herein, it shall become wholly void and of no further force and effect and there shall be no further liability
or obligation on the part of any party except to pay such expenses as are required of such party.

 

XII.        INDEMNIFICATION.

 

12.1         Indemnification
by Buyer and Split-Off Subsidiary. Buyer and Split-Off Subsidiary, jointly and severally, covenant and agree
to indemnify, defend, protect and hold harmless Seller, Seller’s respective officers, directors, employees, stockholders,
agents, representatives and Affiliates (collectively, the “Seller Indemnified Parties”) at all times from and after
the date of this Agreement from and against all losses, liabilities, damages, claims, actions, suits, proceedings, demands, assessments,
adjustments, costs and expenses (including specifically, but without limitation, reasonable attorneys’ fees and expenses
of investigation), whether or not involving a third party claim and regardless of any negligence of any Seller Indemnified Party
(collectively, “Losses”), incurred by any Seller Indemnified Party as a result of or arising from (i) any breach
of the representations and warranties of such Buyer set forth herein or in certificates delivered in connection herewith, (ii) any
breach or nonfulfillment of any covenant or agreement (including any other agreement of Buyer to indemnify set forth in this Agreement)
on the part of such Buyer under this Agreement, (iii) any Assigned Asset or Assigned Liability or any other debt, liability
or obligation of Split-Off Subsidiary, (iv) the conduct and operations, (A) prior to Closing, of the business of Seller, (B)
whether before or after Closing, of (X) the business of Seller pertaining to the Assigned Assets and Assigned Liabilities or (Y)
the business of Split-Off Subsidiary, (v) claims asserted (including claims for payment of taxes), whether before or after
Closing, (A) against Split-Off Subsidiary or (B) pertaining to the Assigned Assets and Assigned Liabilities or to the business
of Seller prior to the Closing, or (vi) any federal or state income tax payable by Seller and attributable to the transactions
contemplated by this Agreement or to the business of Seller prior to the Closing. For the purposes of this Agreement, an “Affiliate”
is a person or entity that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under
common control with, another specified person or entity.

 

    	-11-

    	 

    

 

12.2         Third
Party Claims.

 

(a)          Defense.
If any claim or liability (a “Third-Party Claim”) should be asserted against any of the Seller Indemnified Parties
(the “Indemnitees”) by a third party after the Closing for which Buyer has an indemnification obligation under the
terms of Section 12.1, then the Indemnitee shall notify Buyer (the “Indemnitor”) within 20 days after the Third-Party
Claim is asserted by a third party (said notification being referred to as a “Claim Notice”) and give the Indemnitor
a reasonable opportunity to take part in any examination of the books and records of the Indemnitee relating to such Third-Party
Claim and to assume the defense of such Third-Party Claim and, in connection therewith, to conduct any proceedings or negotiations
relating thereto and necessary or appropriate to defend the Indemnitee and/or settle the Third-Party Claim. The expenses (including
reasonable attorneys’ fees) of all negotiations, proceedings, contests, lawsuits or settlements with respect to any Third-Party
Claim shall be borne by the Indemnitor. If the Indemnitor agrees to assume the defense of any Third-Party Claim in writing within
20 days after the Claim Notice of such Third-Party Claim has been delivered, through counsel reasonably satisfactory to Indemnitee,
then the Indemnitor shall be entitled to control the conduct of such defense, and any decision to settle such Third-Party Claim,
and shall be responsible for any expenses of the Indemnitee in connection with the defense of such Third-Party Claim so long as
the Indemnitor continues such defense until the final resolution of such Third-Party Claim. The Indemnitor shall be responsible
for paying all settlements made or judgments entered with respect to any Third-Party Claim the defense of which has been assumed
by the Indemnitor. Except as provided in subsection (b) below, both the Indemnitor and the Indemnitee must approve any settlement
of a Third-Party Claim. A failure by the Indemnitee to timely give the Claim Notice shall not excuse Indemnitor from any indemnification
liability except only to the extent that the Indemnitor is materially and adversely prejudiced by such failure.

 

(b)          Failure
to Defend. If the Indemnitor shall not agree to assume the defense of any Third-Party Claim in writing within 20 days after
the Claim Notice of such Third-Party Claim has been delivered, or shall fail to continue such defense until the final resolution
of such Third-Party Claim, then the Indemnitee may defend against such Third-Party Claim in such manner as it may deem appropriate
and the Indemnitee may settle such Third-Party Claim, in its sole discretion, on such terms as it may deem appropriate; provided,
however, that the Indemnitor shall (i) promptly reimburse the Indemnitee for the amount of all settlement payments and expenses,
legal and otherwise, incurred by the Indemnitee in connection with the defense or settlement of such Third-Party Claim, or (ii)
shall pay, in advance of any settlement or proceedings and in installments as reasonably agreed to by the parties, such sums and
expenses reasonably expected to be incurred in connection with the defense of the Third-Party Claim and any settlement thereof.
If no settlement of such Third-Party Claim is made, then the Indemnitor shall satisfy any judgment rendered with respect to such
Third-Party Claim before the Indemnitee is required to do so, and pay all expenses, legal or otherwise, incurred by the Indemnitee
in the defense against such Third-Party Claim.

 

12.3        Non-Third-Party
Claims. Upon discovery of any claim for which Buyer has an indemnification obligation under the terms of Section 12.1
which does not involve a claim by a third party against the Indemnitee, the Indemnitee shall give prompt notice to Buyer of such
claim and, in any case, shall give Buyer such notice within 30 days of such discovery. A failure by Indemnitee to timely give the
foregoing notice to Buyer shall not excuse Buyer from any indemnification liability except to the extent that Buyer is materially
and adversely prejudiced by such failure.

 

    	-12-

    	 

    

 

12.4        Survival.
Except as otherwise provided in this Section 12.4, all representations and warranties made by Buyer, Split-Off Subsidiary
and Seller in connection with this Agreement shall survive the Closing. Anything in this Agreement to the contrary notwithstanding,
the liability of all Indemnitors under this Article XII shall terminate on the third (3rd) anniversary of the
Closing Date, except with respect to (a) liability for any item as to which, prior to the third (3rd) anniversary
of the Closing Date, any Indemnitee shall have asserted a Claim in writing, which Claim shall identify its basis with reasonable
specificity, in which case the liability for such Claim shall continue until it shall have been finally settled, decided or adjudicated,
(b) liability of any party for Losses for which such party has an indemnification obligation, incurred as a result of such
party’s breach of any covenant or agreement to be performed by such party after the Closing, (c) liability of a Buyer
for Losses incurred by a Seller Indemnified Party due to breaches of its representations and warranties in Article IV of
this Agreement, and (d) liability of a Buyer for Losses arising out of Third-Party Claims for which Buyer have an indemnification
obligation, which liability shall survive until the statute of limitation applicable to any third party’s right to assert
a Third-Party Claim bars assertion of such claim.

 

XIII.       MISCELLANEOUS.

 

13.1        Definitions.
Capitalized terms used herein without definition have the meanings ascribed to them in the Split-Off Agreement.

 

13.2        Notices.
All notices and communications required or permitted hereunder shall be in writing and deemed given when received by means of the
United States mail, addressed to the party to be notified, postage prepaid and registered or certified with return receipt requested,
or personal delivery, or overnight courier, as follows:

 

(a)          If
to Seller, addressed to:

 

Benaco, Inc.

44 Wall Street,
14th Floor

New York, New
York 10005

Attn: Michael
Gianatasio, Chief Executive Officer

 

With a copy
to (which shall not constitute notice hereunder):

 

Ofsink, PLLC

900 Third Avenue,
5th Floor

New York, New
York 10022

Attn: Darren
Ofsink, Esq.

 

(b)          If
to Buyer or Split-Off Subsidiary, addressed to:

 

Natalia Belykh

K Červenemu
Vrchu 845/2b, Apt. 223

Prague 6, Czech
Republic 160 00

Telephone:
011-420-77777-2181

 

    	-13-

    	 

    

 

With a copy
to (which shall not constitute notice hereunder):

 

Gottbetter
& Partners, LLP

488 Madison
Avenue, 12th Floor

New York, NY
10022

Attention:
Adam S. Gottbetter, Esq.

Telephone:
(212) 400-6900

Facsimile:
(212) 400-6901

 

or to such other address as any party
hereto shall specify pursuant to this Section 13.2 from time to time.

 

13.3        Exercise
of Rights and Remedies. Except as otherwise provided herein, no delay of or omission in the exercise of any right, power
or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such
right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar
breach or default occurring later; nor shall any waiver of any single breach or default be deemed a waiver of any other breach
or default occurring before or after that waiver.

 

13.4        Time.
Time is of the essence with respect to this Agreement.

 

13.5        Reformation
and Severability. In case any provision of this Agreement shall be invalid, illegal or unenforceable, it shall, to the
extent possible, be modified in such manner as to be valid, legal and enforceable but so as to most nearly retain the intent of
the parties, and if such modification is not possible, such provision shall be severed from this Agreement, and in either case
the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired
thereby.

 

13.6        Further
Acts and Assurances. From and after the Closing, Seller, Buyer and Split-Off Subsidiary agree that each will act in a manner
supporting compliance, including compliance by its Affiliates, with all of its obligations under this Agreement and, from time
to time, shall, at the request of another party hereto, and without further consideration, cause the execution and delivery of
such other instruments of conveyance, transfer, assignment or assumption and take such other action or execute such other documents
as such party may reasonably request in order more effectively to convey, transfer to and vest in Buyer, and to put Split-Off Subsidiary
in possession of, all Assigned Assets and Assigned Liabilities, and to convey, transfer to and vest in Seller and Buyer, and to
them in possession of, the Purchase Price Securities and the Shares (respectively), and, in the case of any contracts and rights
that cannot be effectively transferred without the consent or approval of another person that is unobtainable, to use its best
reasonable efforts to ensure that Split-Off Subsidiary receives the benefits thereof to the maximum extent permissible in accordance
with applicable law or other applicable restrictions, and shall perform such other acts which may be reasonably necessary to effectuate
the purposes of this Agreement.

 

13.7        Entire
Agreement; Amendments. This Agreement contains the entire understanding of the parties relating to the subject matter contained
herein. This Agreement cannot be amended or changed except through a written instrument signed by all of the parties hereto.

 

13.8        Assignment.
No party may assign his, her or its rights or obligations hereunder, in whole or in part, without the prior written consent of
the other parties.

 

13.9        Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving
effect to principles of conflicts or choice of laws thereof.

 

    	-14-

    	 

    

 

13.10      Counterparts.
This Agreement may be executed in one or more counterparts, with the same effect as if all parties had signed the same document.
Each such counterpart shall be an original, but all such counterparts taken together shall constitute a single agreement. In the
event that any signature is delivered by facsimile or email transmission, such signature shall create a valid and binding obligation
of the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile
signature page was an original thereof.

 

13.11      Section
Headings and Gender. The section headings used herein are inserted for reference purposes only and shall not in any way
affect the meaning or interpretation of this Agreement. All personal pronouns used in this Agreement shall include the other genders,
whether used in the masculine, feminine or neuter and the singular shall include the plural, and vice versa, whenever and
as often as may be appropriate.

 

13.12      Specific
Performance; Remedies. Each of the parties to this Agreement acknowledges and agrees that, if any provision of this
Agreement is not performed in accordance with its specific terms or is otherwise breached, irreparable damages would be
incurred by the other parties to this Agreement. Accordingly, the parties to this Agreement agree that any party will be
entitled to seek an injunction or injunctions to prevent breaches of the provisions of this Agreement and to enforce
specifically this Agreement and its terms and provisions in any action instituted in any court of the United States or any
state thereof having jurisdiction over the parties and the matter, subject to Sections 13.9 and 13.13 hereof, in
addition to any other remedy to which they may be entitled, at law or in equity. Except as expressly provided herein, the
rights, obligations and remedies created by this Agreement are cumulative and are in addition to any other rights,
obligations or remedies otherwise available at law or in equity, and nothing herein will be considered an election of
remedies.

 

13.13      Submission
to Jurisdiction; Process Agent; No Jury Trial.

 

(a)          Each
party to the Agreement hereby submits to the jurisdiction of any state or federal court sitting in the Borough of Manhattan, City
and State of New York, in any action arising out of or relating to this Agreement, and agrees that all claims in respect of the
action may be heard and determined in any such court. Each party to the Agreement also agrees not to bring any action arising out
of or relating to this Agreement in any other court. Each party to the Agreement agrees that a final judgment in any action so
brought will be conclusive and may be enforced by action on the judgment or in any other manner provided at law or in equity. Each
party to the Agreement waives any defense of inconvenient forum to the maintenance of any action so brought and waives any bond,
surety or other security that might be required of any other party with respect thereto.

 

(b)          EACH
PARTY TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RIGHTS TO JURY TRIAL OF ANY DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT
OR ANY OTHER AGREEMENTS RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY DEALINGS AMONG THEM RELATING TO THE TRANSACTIONS
CONTEMPLATED HEREBY. The scope of this waiver is intended to be all encompassing of any and all actions that may be filed in any
court and that relate to the subject matter of the transactions, including contract claims, tort claims, breach of duty claims
and all other common law and statutory claims. Each party to the Agreement hereby acknowledges that this waiver is a material inducement
to enter into a business relationship and that they will continue to rely on the waiver in their related future dealings. Each
party to the Agreement further represents and warrants that it has reviewed this waiver with its legal counsel, and that each knowingly
and voluntarily waives its jury trial rights following consultation with legal counsel. NOTWITHSTANDING ANYTHING TO THE CONTRARY
HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL APPLY TO ANY
AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. In
the event of commencement of any action, this Agreement may be filed as a written consent to trial by a court.

 

    	-15-

    	 

    

 

13.14      Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of
intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party because of the authorship of any provision of this Agreement. Any
reference to any federal, state, local or foreign law will be deemed also to refer to law as amended and all rules and regulations
promulgated thereunder, unless the context requires otherwise. The words “include,” “includes,” and “including”
will be deemed to be followed by “without limitation.” The words “this Agreement,” “herein,”
“hereof,” “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole
and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty
and covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty
or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to
the same subject matter (regardless of the relative levels of specificity) which that party has not breached will not detract from
or mitigate the fact that such party is in breach of the first representation, warranty or covenant.

 

[Signature page follows this page.]

 

    	-16-

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have duly executed this Split-Off Agreement as of the day and year first above written.

 

	 	BENACO, INC. (“Seller”)
	 	 
	 	By:	     /s/ Michael Gianatasio
	 	Name:  Michael Gianatasio
	 	Title: Chief Executive Officer

 

	 	BENACO SPLIT CORP. (“Split-Off Subsidiary”)
	 	 
	 	By:	     /s/ Natalia Belykh
	 	Name:  Natalia Belykh

 

	 	BUYER:
	 	 
	 	           /s/ Natalia Belykh
	 	NATALIA BELYKH

 

    	 

    	 

    

 

EXHIBIT A

 

	Buyer	 	Purchase Price Security	 	Number*	 	Certificate No(s)
	Natalia Belykh	 	Common Stock, $0.001 par value per share	 	4,000,000	 	100010.1 - RPMG Amended & Restated Marketing Agmt

Confidential Treatment Requested. Confidential portions of this document have been redacted and have been separately filed with the Commission. 

MEMBER AMENDED AND RESTATED
ETHANOL MARKETING AGREEMENT

THIS AGREEMENT, entered into as of this 27th day of August, 2012,  and effective as of October 1, 2012 ("Effective Date") by and between RPMG, Inc., a Minnesota corporation ("RPMG"); and Dakota Ethanol, LLC, a South Dakota Corporation ("Member").

WITNESSETH:

WHEREAS, RPMG is a Minnesota corporation engaged in the business of marketing ethanol for the members of Renewable Products Marketing Group, LLC ("LLC") and others; and

WHEREAS, Member is the operator of a plant in Wentworth, South Dakota for the production of ethanol (the "Facility") and is a member of LLC; and

WHEREAS, as a condition to its membership in LLC, Member has agreed to market all of the ethanol intended for fuel use produced by Member at the Facility ("Ethanol") through RPMG and RPMG has agreed to market such Ethanol production; and

WHEREAS, the parties desire to enter into this Agreement, for purposes of setting out the terms and conditions of the marketing arrangement;

NOW THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties hereto agree as follows:

1.    Exclusive Marketing Representative. RPMG shall, subject to the terms and conditions of this Agreement, be the sole marketing representative for the entire Ethanol production of Member at the Facility during the term of this Agreement other than limited sales of E85 or other blendstock locally.

2.    Ethanol Specifications. All of the Ethanol produced by Member at the Facility for marketing by RPMG will, when delivered to a common carrier by Member, conform to the specifications described in the bill of lading, which may be A.S.T.M. D-4806 or such other specifications that may be, from time to time, promulgated by the industry for Ethanol.

3.    Purchaser/Seller. Except as otherwise provided in Section 1, Member shall sell to RPMG and RPMG shall purchase and market all Ethanol produced by Member at the Facility during the term of this Agreement. Delivery by Member to RPMG of all such Ethanol shall be made at the time the Ethanol crosses the loading flange at the Facility to either a railcar and/or tank truck; provided, however, if the annual production capacity at the Facility is in excess of 80 million gallons then delivery by Member to RPMG for Ethanol shipped by unit train ("Large Facility Unit Train") shall be made when RPMG receives the shipping documentation for the Large Facility Unit Train. Title to the Ethanol shall pass to RPMG when delivered as provided in this Section 3. The Ethanol will be marketed by RPMG as described in Section 7 below.

4.    Risk of Loss. RPMG shall be responsible for and shall bear the risk of loss of (subject to the terms of this Agreement) the Ethanol marketed for Member by RPMG from the time the product crosses the loading flange at the Facility in either a railcar or tank truck, provided that for Large Facility Unit Trains RPMG shall be responsible for and shall bear the risk of loss for Ethanol shipped by Large Facility Unit Train from the time that RPMG receives the shipping documentation for the Large Facility Unit Train.

1

5.    Specific Marketing Tasks. RPMG shall be responsible for and shall have complete discretion in the marketing, sale and delivery of all Ethanol produced by the Facility during the term of this Agreement, including, but not limited to:

		
	•
	Scheduling sufficient railcar, tank trucks and other transport;

		
	•
	Negotiating the rates and tariffs to be charged for delivery of production to the customer;

		
	•
	Promoting and advertising the sale of Ethanol;

		
	•
	Tracking delivery;

		
	•
	Negotiation of all purchase agreements with customers and any complaints in connection therewith;

		
	•
	Accounting for all sales and related expenses and collection of accounts, including any legal collection procedures as may be necessary; and

		
	•
	Hedging long and short Ethanol positions for the benefit of all Member participants and non-member participants in the Corridor Marketing Model.

6.    Negotiation of Ethanol Price. RPMG will use commercially reasonable efforts to obtain the best price for all Ethanol sold by it subject to the terms of this Agreement. RPMG shall have complete discretion to fix the price, terms and conditions of the sale of Member's Ethanol production that is sold and marketed as Indexed Gallons. RPMG shall obtain Member's prior approval of all sales of Ethanol from the Facility on a fixed price.

7.    Ethanol Marketing. A Member may elect in accordance with RPMG' s fixed price program prior to the delivery of Ethanol to have RPMG market and purchase Ethanol from Member on a fixed price ("Fixed Price Gallons"), or, if no such election is made with respect to any Ethanol, RPMG shall market and purchase the Ethanol production of Member as Indexed Gallons. All Ethanol other than Fixed Price Gallons shall be deemed "Indexed Gallons,"

(a)     Fixed Price Gallons. For the Fixed Price Gallons, RPMG shall purchase Fixed Price Gallons of Ethanol from the Member at a price per net gallon as agreed upon by RPMG and Member. Member's confirmation of the sale terms of Fixed Price Gallons shall be provided by SharePoint, e-mail or other written communication means (the "Confirmation"). RPMG shall pay Member for Fixed Price Gallons in an amount equal to the FOB fixed price multiplied by the number of Fixed Price Gallons of Ethanol delivered by Member to RPMG for the period less any applicable costs allocated to the Fixed Price Gallons calculated in the same manner as determined under the then applicable Corridor Netback Model (the "Net Fixed Price"). In addition to any other rights or remedies set forth herein, if Member fails to deliver any or all of the Fixed Price Gallons on the terms set forth on a Confirmation, RPMG shall be entitled to all remedies available at law or in equity, including damages, specific performances and/or attorneys' fees and costs, and RPMG shall be under a duty to mitigate damages.

(b)    Indexed Gallons. RPMG will market the aggregate production of the Indexed Gallons of contracting producers participating in the Corridor Netback Model based on the estimated production levels of all participants in the model by corridor. Determination of a producer's share of net revenue, allocation of expenses and payment shall be made by RPMG according to the Corridor Netback Model (the "Corridor Netback Model"). The Corridor Netback Model shall be used in calculating netback payments to Member and other LLC members and non-member participants in the Corridor Netback Model for all Ethanol sold by RPMG on behalf of Member, all other LLC member participants and non-member participants in the Corridor Netback Model (the "Netback Price"). Management of RPMG may make changes to the Corridor Netback Model to reflect changing economic circumstances on a monthly basis. Except as provided below, any changes shall be final 

2

and binding on all contracting producers participating in the Corridor Netback Model. In the event of a material loss of budgeted production due to shutdowns or slowdowns of participants in the Corridor Netback Model, management of RPMG may propose to the Corridor Committee alternative costs allocations in the Corridor Netback Model that reflect allocation of costs based on Production (as defined in Section 14 below), rather than actual production.

(c)    Payment of the Advance Rate. Each calendar month, RPMG shall estimate for Member (in good faith) the Netback Price per gallon of all Ethanol that RPMG has committed to sell to its customers through operation of the Corridor Netback Model and the Net Fixed Price per gallon of all Ethanol that RPMG has sold to its customers on a fixed price (the "Advance Rate"). For Ethanol shipped by truck, single manifest railcars, or unit trains (other than Large Facility Unit Trains), RPMG, on a weekly basis, will pay Member on an average net 10-day basis (e.g. payment on Wednesday shall be for Ethanol delivered during the seven-day period ending on the previous Wednesday) an amount equal to the Advance Rate multiplied by the number of Fixed Price Gallons or Indexed Gallons delivered by Member to RPMG for the period. For Ethanol shipped by Large Facility Unit Train, RPMG shall pay Member within two (2) business days from the time that RPMG receives the shipping documentation for the Large Facility Unit Train.

(d)    Reconciliation to the Actual Netback Price or Net Fixed Price. At the end of each calendar month, promptly after the information necessary to calculate the Netback Price becomes available, RPMG will calculate the actual Netback Price for the preceding month under the Corridor Netback Model to reflect the actual selling price for all Indexed Gallons sold during the month and the actual expenses incurred during the period (the "Actual Netback Price") and RPMG will calculate the actual Net Fixed Price. Within ten (10) business days after the end of each month, RPMG shall furnish to Member a reconciliation of the Advance Rate to the Actual Netback Price or Net Fixed Price for the preceding month. If the Advance Rate paid to Member exceeded the applicable Actual Netback Price or Net Fixed Price, Member will refund to RPMG the overpayment within ten (10) days after receipt of the reconciliation. On the other hand, if the Advance Rate paid was less than the applicable Actual Netback Price or Net Fixed Price owed to Member, then RPMG will pay Member the additional amount owed to Member within ten (10) days after the completion of the reconciliation. In lieu of Member directly refunding any amounts to RPMG by separate payment, and RPMG directly refunding any amounts to Member by separate payment, under this Section 7 the parties by mutual agreement may offset or apply such amounts to subsequent payments to be made within RPMG's standard billing and payment cycle.

(e)    ***

(f)    Other Adjustments. For Indexed Gallons, Member shall be charged monthly directly through a reduction in the Netback Price for any demurrage charges incurred by RPMG for railcars and other direct distribution expenses that result from actions taken by Member and that are not reflected in the Corridor Netback Model. For Fixed Price Gallons, Member shall be charged monthly directly through a reduction in payments from RPMG for any demurrage charges incurred by RPMG for railcars and other direct distribution expenses that result from actions taken by Member.

(g)    The Corridor Committee. If Member disagrees with a decision of RPMG management, the Advance Rate, or the Netback Price as generated by the Corridor Netback Model, it may within ten (10) business days after the decision of RPMG management, or the distribution date of the Advance Rate or Netback Price, as applicable, appeal by written notice the decision to the Corridor Committee who shall approve or modify the decision of RPMG management or approve or modify the Advance 

*** Confidential material redacted and filed separately with the Commission.

3

Rate or Netback Price by a majority vote of all the members of the Corridor Committee. The Corridor Committee shall deliver such determination in a written response to Member within ten (10) business days of the written notice of appeal. Any modification in the Advance Rate or Netback Price approved by the Corridor Committee shall be promptly presented to all contracting producers participating in the Corridor Netback Model. The Corridor Committee shall consist of at least one representative from each of the primary corridor markets (as determined based on delivery destination in the Corridor Netback Model) in which there are more than two members in such corridor market and one representative who shall collectively represent all members who are in corridor markets in which there are two or few members. The members of LLC, voting by corridor market group, shall elect Corridor Committee representatives annually, provided that if a Corridor Committee representative is no longer a member of the primary corridor market that he or she was elected to represent he or she shall no longer serve as a Corridor Committee representative and the members of such corridor market shall elect a new Corridor Committee representative.

(h)    Appeal. If Member disagrees with a decision of the Corridor Committee, it may within ten (10) business days after the decision of the Corridor Committee, appeal the decision by written notice to LLC's Board of Governors, which shall approve or modify the decision of the Corridor Committee by a majority vote of all the governors of the Board that represent LLC members participating in the Corridor Netback Model. The decision of the Board of Governors shall be final and binding.

(i)    Audit. Within ninety (90) days following the end of RPMG's fiscal year end, Member shall have the right to inspect the books and records of RPMG for the purpose of auditing calculations of the aggregate netback paid to member participants and non-member participants in the Corridor Netback Model for the preceding year. Member shall give written notice to RPMG of its desire to conduct an audit and RPMG shall provide reasonable access to all financial information necessary to complete such audit and shall allow Member to meet with RPMG's auditors to review such information. The audit shall be completed within forty-five (45) days after the completion of RPMG's annual audit, but no later than one hundred fifty (150) days following the end of RPMG's fiscal year. The cost of the audit shall be the responsibility of Member unless the auditor determines that RPMG underpaid Member by more than *** for the period audited, in which case RPMG shall pay the cost of the audit. If the auditor determines that RPMG underpaid Member, RPMG shall promptly pay such underpayment to Member and if the auditor determines that RPMG overpaid Member, Member shall promptly pay the overpayment to RPMG. The determination of the auditor shall be final and binding on both parties. If Member fails to exercise its right to audit as provided in this Section 7 for any year, it shall be deemed to have waived any claim to dispute the Actual Netback Price paid for such year, unless Member has provided notice to RPMG of a claim to dispute the Actual Netback Price paid for such year.

8.    Marketing Fee. Member shall pay to RPMG a Marketing Fee equal to ***. The Marketing Fee shall be paid on a monthly basis. In lieu of Member directly paying any amounts to RPMG by separate payment, the parties may offset or apply such amounts to subsequent payments to be made within RPMG's standard billing and payment cycle.

9.    Committed Sales. ***, Member has the right to declare, in writing, the volume of its eligible gallons of Ethanol projection to produce and sell during the calendar quarter. If Member does not notify RPMG in writing, the volume of Member's eligible gallons of Ethanol for sale each month in the calendar quarter will be deemed to be an amount equal to Member's last twelve month sales divided by twelve. *** Member acknowledges that from time to time RPMG may enter into forward contracts to sell Ethanol beyond 

*** Confidential material redacted and filed separately with the Commission.

4

the current calendar quarter. Member acknowledges that such commitments are in the best interest of all members and non-member participants. Nothing set forth in this Section 9 shall relieve or modify a Member's obligation to deliver any or all of the Ethanol set forth on a Confirmation for the sale of Fixed Price Gallons.

10.    Ethanol Shortage/Open Market Purchase. If (i) Member fails to deliver any or all of the Ethanol set forth on a Confirmation for the sale of Fixed Price Gallons; (ii) ***; (iii) *** (iv) ***, RPMG may purchase Ethanol in the marketplace at such reasonable price and in such reasonable quantity as is required to meet its delivery obligations; provided, however, that prior to making such purchases RPMG shall communicate the terms and conditions of such purchases to Member and Member shall have the right to meet such terms and conditions or fulfill its original commitment. If Member is unable or unwilling to deliver the required Ethanol on such terms and conditions, RPMG may complete the purchase. If RPMG does so, and as a result thereof incurs a financial loss, including incidental costs, Member will reimburse RPMG for any such loss or RPMG may elect to set off such financial loss against future payments to Member over a period not to exceed twenty four (24) months. In addition to the foregoing, if Member fails to deliver any or all of the Ethanol set forth on a Confirmation for the sale of Fixed Price Gallons, RPMG shall be entitled to all remedies available at law or in equity, including damages, specific performances and/or attorneys fees and costs, and RPMG shall be under a duty to mitigate damages.

11.    Obligation to Deliver after Termination. Notwithstanding termination of this Agreement under Sections 13(a) through 13(d), Member shall be obligated to deliver to RPMG for marketing by RPMG in accordance with this Agreement, for the *** following termination of this Agreement, all of the Ethanol produced by Member.  Notwithstanding termination of this Agreement, Member shall be obligated to deliver to RPMG Ethanol to cover Member's percentage of any committed production of Indexed Gallons as set forth in Sections 9 and 10 during the *** following termination of this Agreement and any fixed price contracts for which a Member has delivered a Commitment.

12.    Term. The term of this Agreement shall commence on the Effective Date and shall continue until terminated as provided in Section 13.

13.    Termination. This Agreement may be terminated under the circumstances set out below.

(a)    Termination of Membership. This Agreement shall automatically terminate when Member ceases to be a member of LLC.

(b)    Termination for Intentional Misconduct. If either party engages in intentional misconduct reasonably likely to result in significant adverse consequences to the other party, the party harmed or likely to be harmed by the intentional misconduct may terminate this Agreement immediately, upon written notice to the party engaging in the intentional misconduct.

(c)    Termination for Uncured Breach. If one of the parties breaches the terms of this Agreement, the other party may give the breaching party a notice in writing which specifically sets out the nature and extent of the breach, and the steps that must be taken to cure the breach. After receiving the written notice, the breaching party will then have thirty (30) days to cure the breach, if the breach does not involve a failure to market and distribute Ethanol as required by this Agreement. If the breach involves a failure to market and distribute Ethanol as required by this Agreement, then the breaching party will have five (5) days after receiving the written notice to cure the breach. If the breaching party does not cure any breach within the applicable cure period, then the non-breaching party will have the right to terminate this Agreement immediately.

*** Confidential material redacted and filed separately with the Commission.

5

(d)    Member Insolvency, etc. RPMG may terminate this Agreement if Member becomes insolvent, has a receiver appointed over its business or assets and such receiver is not discharged within thirty (30) days, files a petition in bankruptcy or has a petition in bankruptcy filed against it which, in either case, is not dismissed within thirty (30) days, or ceases to produce Ethanol for thirty (30) days or more.

(e)    Termination by Mutual Written Agreement. This Agreement may also be terminated upon any terms and under any conditions which are mutually agreed upon in writing by the parties.

(f)    Termination by Member. Member may terminate this Agreement for any
reason upon at least *** advance notice to RPMG.

14.    Effect of Termination. The termination of this Agreement shall constitute a Triggering Event (as defined in LLC's Member Control Agreement) requiring LLC to redeem all of Member's Interest (as defined LLC's Member Control Agreement) in RPMG on the terms set forth in the Member Control Agreement. In addition, upon the conclusion of Member's delivery obligations to RPMG under Section 11, Member shall accept assignment from RPMG of the lease or leases for the number of 28,800 gallon capacity railcars (or such equivalent number of gallons of larger capacity railcars) determined as follows:

***

***

***

***

***Under all circumstance from and after termination of this Agreement, Member shall hold RPMG harmless for any direct or indirect damage, claim or loss with respect to the assignment or subletting of railcars to Member.

15.    Licenses and Permits; Records. Member at all times shall have and maintain all of the licenses and permits necessary to operate the Facility. Member shall comply with all laws, regulations, rules and requirements of governmental authorities, including but not limited to the Renewable Fuels Standard of RINS reporting. In addition, Member shall establish record keeping and reporting systems compatible with RPMG's load out reporting system, currently ETS and AccuLoad III.

16.    Good and Marketable Title. Member represents that it will have good and marketable title to all of the Ethanol marketed for it by RPMG and that all Ethanol delivered will be free and clear of all liens and encumbrances.

17.    Subordination. In order to satisfy the payment obligations in Section 7 of this Agreement, RPMG may be required to obtain working capital from financing resources. Member agrees and acknowledges that the payment terms in this Agreement are a benefit to Member and agrees that it will subordinate its right to payment hereunder to the rights of any lender providing working capital to RPMG, provided that all members of LLC are required to agree to such subordination. Member shall execute such subordination agreement and other documents as may be necessary to evidence this undertaking.

18.    Independent Contractor. Nothing contained in this Agreement will make RPMG the agent of Member for any purpose whatsoever. RPMG and its employees shall be deemed to be independent contractors

*** Confidential material redacted and filed separately with the Commission.

6

with full control over the manner and method of performance of the services they will be providing on behalf of Member under this Agreement.

19.    Samples. Member will take and retain for a minimum of 60 days at least 2 samples of product per day at the point of delivery. At the request of RPMG, Member agrees to provide RPMG with samples of its Ethanol produced at the Facility so that it may be tested for product quality on a regular basis.

20.    Insurance. During the entire term of this Agreement, Member will maintain insurance coverage with insurance companies having at least an AM Best Company rating of A -7. At a minimum, Member's insurance coverage must include:

(a)    Commercial general product and public liability insurance, with liability limits of at least $5 million in the aggregate or umbrella insurance with at least $5 million in the aggregate;

(b)    Workers' compensation/employers liability and auto liability insurance to the extent required by law; and

(c)    RPMG, Inc. and Renewable Products Marketing Group, LLC shall be added as an additional insured with primary and non-contributory status under the commercial general product and public liability insurance policy, automobile liability insurance policy and umbrella policy, as applicable. Member also agrees to waive and will require its Commercial General Liability, Automobile Liability, Umbrella Liability and Workers' Compensation insurers to waive all rights of subrogation under such policies as against RPMG, Renewable Products Marketing Group, LLC and their directors, officers, and employees as it relates to this Agreement.

Member will not change its insurance coverage during the term of this Agreement if such change results in a failure to maintain the minimums set out above, and the policies shall provide that they may not be cancelled, nonrenewed or terminated without at least 30 days prior written notice to RPMG.

21.    Indemnification and Hold Harmless - Member. If a third party makes a claim against RPMG or any person or organization related to it as the result of the actions or omissions of Member or any person or organization related to Member including, but not limited to, claims relating to the quality of Ethanol produced by Member or the performance of its obligations under this Agreement, Member shall indemnify RPMG and its related persons and organizations and hold them harmless from any liabilities, damages, costs and/or expenses, including costs of litigation and reasonable attorneys fees which they incur as a result of any such claims.

22.    Indemnification and Hold Harmless - RPMG. The indemnification obligations of the parties under this Agreement will be mutual and RPMG, therefore, makes the same commitment to indemnify Member and its related persons or organizations to the extent any claim is made against Member or its related person arising out of any action or omission of RPMG.

23.    Survival of Terms/Dispute Resolution. All representations, warranties and agreements made in connection with this Agreement will survive the termination of this Agreement. The parties will, therefore, be able to pursue claims related to those representations, warranties and agreements after the termination of this Agreement, unless those claims are barred by the applicable statute of limitations. Similarly, any claims that the parties have against each other that arise out of actions or omissions that take place while this Agreement is in effect will survive the termination of this Agreement. This means that the parties may pursue those claims even after the termination of this Agreement, unless applicable statutes of limitation bar those 

7

claims. The parties agree that should a dispute between them arise in connection with this Agreement, the parties will, in good faith, attempt to mediate the dispute prior to the filing of any action in any court. Such mediation session shall occur at a place that is mutually agreeable, and shall be conducted by a mediator to be selected by mutual agreement of the parties.

24.    Choice of Law. This Agreement shall be governed by, interpreted under and enforced in accordance with Minnesota law, without regard to conflicts of law principles.

25.    Assignment. Member may not assign its rights or obligations under this Agreement, whether by way of a sale of all or substantially all of its assets, merger, sale of equity interests, a change of control or as a matter of law, without the prior written consent of RPMG, which consent may be withheld in the sole discretion of RPMG. Member shall be entitled to collaterally assign its rights under this Agreement solely for financing purposes, and RPMG shall agree to such collateral assignment provided that the lender accepts the terms of this Agreement or other mutually agreeable terms.

26.    Entire Agreement. This Agreement constitutes the entire agreement between the parties covering everything agreed upon or understood in the transaction and supersedes any other preexisting agreement between the parties with respect to the same subject matter. There are no oral promises, conditions, representations, understandings, interpretations, or terms of any kind as conditions or inducements to the execution hereof or in effect between the parties, except as expressed in this Agreement. No change or addition shall be made to this Agreement except by a written document signed by both parties hereto.

27.    Execution of Counterparts. This Agreement may be executed by the parties on any number of separate counterparts, and by each party on separate counterparts, each of such counterparts being deemed by the parties to be an original instrument; and all of such counterparts, taken together, shall be deemed to constitute one and the same instrument.

28.    Duplicate Counterpart Includes Facsimile. The parties specifically agree and acknowledge that a duplicate hereof shall include, but not be limited to, a counterpart produced by virtue of a facsimile ("fax") machine or a .pdf copy.

29.    Binding Effect. This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective heirs, personal representatives, successors and assigns.

30.    Confidential Information. The parties acknowledge that they will be exchanging information about their businesses under this Agreement which is confidential and proprietary, and the parties agree to handle that confidential and proprietary information in the manner described in this Section 30.

(a)    Definition of Confidential Information. For purposes of this Agreement, the term "Confidential Information" will mean information related to the business operations of Member or RPMG that meets all of the following criteria:

(i)    The information must not be generally known to the public and
must not be a part of the public domain;

(ii)    The information must belong to the party claiming it is confidential
and must be in that party's possession;

(iii)    The information must have been protected and safeguarded by the party claiming it is confidential by measures that were reasonable under the circumstances before the information was disclosed to the other party;

8

(iv)    Written information must be clearly designated in writing as "Confidential Information" by the party claiming it is confidential before it is disclosed to the other party, except that all information about costs and prices will always be considered Confidential Information under this Agreement without the need for specifically designating it as such; and

(v)    Verbal Confidential Information which is disclosed to the other party must be summarized in writing, designated in writing as "Confidential Information" and transmitted to the other party within ten (10) days of the verbal disclosure.

(b)    Limitations on the Use of Confidential Information. Each party agrees that it will not use any Confidential Information that it obtains about the other party for any purpose other than to perform its obligations under this Agreement.

(c)    The Duty not to Disclose Confidential Information. The parties agree that they will not disclose any Confidential Information about each other to any person or organization, other than their respective legal counsel and accountants, without first getting written consent to do so from the other party. Notwithstanding the foregoing, if a party or anyone to whom such party transmits Confidential Information in accordance with this Agreement is requested or required (by deposition, interrogatories, requests for information or documents in legal proceedings, subpoenas, civil investigative demand or similar process, SEC filings or administrative proceedings) in connection with any proceeding, to disclose any Confidential Information, such party will give the disclosing party prompt written notice of such request or requirement so that the disclosing party may seek an appropriate protective order or other remedy and/or waive compliance with the provisions of this Agreement, and the receiving party will cooperate with the disclosing party to obtain such protective order. The fees and costs of obtaining such protective order, including payment of reasonable attorney's fees, shall be paid for by the disclosing party. If such protective order or other remedy is not obtained or the disclosing party waives compliance with the relevant provisions of this Agreement, the receiving party (or such other persons to whom such request is directed) will furnish only that portion of the Confidential Information which, in the opinion of legal counsel, is legally required to be disclosed, and upon the disclosing party's request, use commercially reasonable efforts to obtain assurances that the confidential treatment will be accorded to such information. This will be the case both while this Agreement is in effect and for a period of five (5) years after it has been terminated.

(d)    The Duty to Notify the Other Party in Cases of Improper Use or Disclosure. Each party agrees to immediately notify the other party if either party becomes aware of any improper use of or any improper disclosure of the Confidential Information of the other party at any time while this Agreement is in effect, and for a period of five (5) years after it has been terminated.

(e)    Protection of the Confidential Information. Each party agrees to develop effective procedures for protecting the Confidential Information that it obtains from the other party, and to implement those procedures with the same degree of care that it uses in protecting its own Confidential Information.

(f)    Return of the Confidential Information. Immediately upon the termination of this Agreement, each party agrees to return to the other party all of the other party's Confidential Information that is in its possession or under its control.

31.    Notices. Any notice or other communication required or permitted hereunder shall be in 

9

writing and shall be considered delivered in all respects when it has been delivered by hand or mailed by first class mail postage prepaid, addressed as follows:

TO:    RPMG, Inc.
1157 Valley Park Drive South, Suite 100 
Shakopee, MN 55379

With a copy to: 

TO:    Member

With a copy to: 
    
[Intentionally left blank]

IN WITNESS WHEREOF, the parties hereto have set their hands the day and year first written above.

	
		
	 
	RPMG, INC.

	 
	 

	 
	By: /s/ Doug Punke

	 
	Its: CEO

	 
	 

	 
	MEMBER:

	 
	 

	 
	Dakota Ethanol, LLC

	 
	 

	 
	By: /s/ Scott Mundt

	 
	Its: CFO

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]