Document:

Intent of Purchase

and sale of business

 

 

 

This Agreement of Purchase and Sale (the “Agreement”)
is made in two original copies, effective

February 18, 2016.

 

 

		BETWEEN:	Saqoia Corp. (the "Vendor"), an individual having is principal place of living located in Delaware.

 

 

 

		AND:	Vopia Inc. (the "Purchaser"), CUSIP number: 929030203 a corporation organized and existing under the laws of the
Nevada, USA with its head office located at:

1700 Montgomery Street, Suite 101

San Francisco, CA 94111 

 

 

		1.	SUBJECT-MATTER

 

		1.1	The Purchaser agrees to buy and the Vendor agrees to sell to the Purchaser
as a going concern all the undertaking and assets owned by the Vendor in connection with the big data and search texhnology business
carried on as Saqoia Corp. at (the "business") including, without limiting the generality of the foregoing:

 

		a)	The rights to database of 140 million company data.

		b)	Priority Software to crawl and organize company information from website
in real-timec.

		c)	The full right to the websites: Golta.com, Surb.com, Linkdio.com, BusinessGlobe.com

		d)	51% ownership of Fastbase Inc. and Masterseek Corp. incorporated in
Nevada, United States.

 

		e)	Goodwill of the business together with the exclusive right to the Purchaser
to represent itself as carrying on business in succession to the Vendor and to use the business style of the business and variations
in the business to be carried on by the Purchaser (the "goodwill").

 

		1.2	No assets are excluded from the purchase and sale.

 

 

		2.	PURCHASE

 

		2.1	The purchase price payable for the company and assets agreed to be
bought and sold is payable with 300 million (300,000,000) new issue shares in Vopia Inc, CUSIP number: 929030203

 

		2.2	The purchase price for the stock in trade shall be established by an
inventory taken and valued after close of business on the day before the day of closing. The Vendor shall produce evidence satisfactory
to the Purchaser of the direct cost to the Vendor of items included in stock in trade. The Purchaser may exclude from the purchase
and sale any items which the Purchaser reasonably considers unsaleable by reason of defect in quality or in respect of which the
Purchaser is not reasonably satisfied as to proof of direct cost.

 

		2.3	The purchase price for the parts and supplies shall be established
by an inventory taken and valued after close of business on the day before the day of closing. The Vendor shall produce evidence
satisfactory to the Purchaser of the direct cost to the Vendor of items included in the parts and supplies. The Purchaser may exclude
from the purchase and sale any items which the Purchaser reasonably considers unusable or in respect of which the Purchaser is
not reasonably satisfied as to proof of direct cost.

 

    	 		 

     

    

 

		3.	TERMS OF PAYMENT

 

		3.1	The Vendor acknowledges receiving shares from the Purchaser on execution
of this agreement to be held as a deposit by the Vendor on account of the purchase price of the undertaking and assets agreed to
be bought and sold and as security for the Purchaser's due performance of this agreement.

 

		3.2	The balance of the purchase price for the undertaking and assets agreed
to be bought and sold shall be paid, subject to adjustments, by certified check on closing.

 

		3.3	The balance of the purchase price due on closing shall be specially
adjusted for all prepaid and assumed operating expenses of the business including but not limited to rent and utilities.

 

 

		4.	CONDITIONS, REPRESENTATIONS AND WARRANTIES

 

		4.1	In addition to anything else in this agreement, the following are conditions
of completing this agreement in favor of the Purchaser:

 

		a)	that the Purchaser obtain financing on terms satisfactory to it to
complete the purchase;

 

		b)	that the carrying on of the business at its present location is not
prohibited by land use restrictions;

 

		c)	that the lessor of the lease consents to its assignment to the Purchaser;

 

		d)	that the Purchaser obtain all the permits and licenses required for
it to carry on the business;

 

		e)	that the Vendor supply or deliver on closing all of the closing documents;

 

		f)	that the premises shall be in the same condition, reasonable wear and
tear expected, on the date of passing as they are currently in;

 

		g)	that the execution of this agreement has been duly authorized by Seller’s
board of directors.

 

		4.2	The following representations and warranties are made and given by
the Vendor to the Purchaser and expressly survive the closing of this agreement. The representations are true as of the date of
this agreement and will be true as of the date of closing when they shall continue as warranties according to their terms. At the
option of the Purchaser, the representations and warranties may be treated as conditions of the closing of this agreement in favor
of the Purchaser. However, the closing of this agreement shall not operate as a waiver or otherwise result in a merger to deprive
the Purchaser of the right to sue the Vendor for breach of warranty in respect of any matter warranted, whether or not ascertained
by the Purchaser prior to closing:

 

		a)	the Vendor is a resident of Delaware, United States within the meaning
of the Income Tax Act of United States.

 

		b)	the Vendor owns and has the right to sell the items listed in Schedule
A; 

 

		c)	the assets agreed to be bought and sold are sold free and clear of
all liens, encumbrances and charges;

 

		d)	the equipment is in good operating condition; 

 

		e)	until the closing date of this agreement, Vendor shall not, without
the written consent of Purchaser, dispose of or encumber any of the assets or property to be sold hereunder, with the exception
of any transactions occurring in the ordinary course of Vendor’s business. The undertaking and assets agreed to be bought
and sold will not be adversely affected in any material respect in any way, and Vendor will not do anything before or after closing
to prejudice the goodwill;

 

    	 	2	 

     

    

 

		f)	the financial statements for the business produced by the Vendor and
appended as Schedule B are fair and accurate, and prepared in accordance with generally accepted accounting principles.

 

		g)	the lease is in good standing and the Vendor has fulfilled all of its
obligations under the lease;

 

		h)	the Vendor has made full and fair disclosure in all material respects
of any matter that could reasonably be expected to affect the Purchaser's decision to purchase the undertaking and assets agreed
to be ought and sold on the terms set out this agreement;

 

		i)	the Vendor will execute such assignments, consents, clearances or assurances
after closing, prepared at the Purchaser's expense, as the Purchaser considers necessary or desirable to assure the Purchaser of
the proper and effective completion of this agreement. 

 

		j)	Vendor agrees to disclose to Purchaser not later than [NUMBER] days
after the closing date, all trade secrets, customer lists, and technical information held or controlled by Vendor and relating
to the business sold hereunder. 

 

 

		5.	RISK

 

		5.1	The risk of loss or damage to the undertaking and assets agreed to
be bought and sold remains with the Vendor until closing.

 

		5.2	In the event of loss or damage to the tangible assets agreed to be
bought and sold prior to closing, at the option of the Purchaser, the replacement cost of the assets lost or damaged or any of
them may be deducted from the total purchase price otherwise payable by the Purchaser under this agreement and the corresponding
lost or damaged assets shall be excluded from the purchase and sale. 

 

 

		6.	BULK SALES

 

			This agreement shall be completed and the Vendor agrees to comply with any applicable laws governing the sale in bulk of the
stock in trade or of any of the other assets pursuant to this agreement.

 

 

		7.	CLOSING DOCUMENTS

 

			Vendor shall deliver to the Purchaser, in registrable form where applicable, the following closing documents (the "closing
documents"), prepared or obtained at the Vendor's expense, on or before closing:

 

		a)	duplicate, properly executed Bills of Sale of the equipment, stock
in trade and parts and supplies together with evidence satisfactory to the Purchaser that the sale complies with any laws governing
the sale in bulk of the stock in trade or of the sale of any of the other assets pursuant to this agreement;

 

		b)	a statutory declaration that the Vendor is a resident of United States
within the meaning of the Income Tax Act of United States as of the date of closing;

 

		c)	all records and financial data, including but not limited to any lists
of customers and suppliers, relevant to the continuation of the business by the Purchaser;

 

		d)	a duly executed notice in proper form revoking any registration of
the style of the business under any business name registration law;

 

		e)	an executed assignment of the lease to the Purchaser endorsed with
the lessor's consent to the assignment;

 

		f)	such other assignments, consents, clearances or assurances as the Purchaser
reasonably considers necessary or desirable to assure the Purchaser of the proper and effective completion of this agreement. 

 

    	 	3	 

     

    

 

		8.	CLOSING DATE

 

			The purchase and sale in this agreement shall close on March 25, 2016.

 

 

		9.	MISCELLANEOUS

 

		9.1	In this agreement, the singular includes the plural and the masculine
includes the feminine and neuter and vice versa unless the context otherwise requires.

 

		9.2	The capitalized headings in this agreement are only for convenience
of reference and do not form part of or affect the interpretation of this agreement.

 

		9.3	If any provision or part of any provision in this agreement is void
for any reason, it shall be severed without affecting the validity of the balance of the agreement. 

 

		9.4	Time is of the essence of this agreement.

 

		9.5	There are no representations, warranties, conditions, terms or collateral
contracts affecting the transaction contemplated in this agreement except as set out in this agreement.

 

		9.6	This agreement binds and benefits the parties and their respective
heirs, executors, administrators, personal representatives, successors and assigns.

 

		9.7	This agreement is governed by the laws of the State/Province of Delaware,
United States.

 

 

		10.	ACCEPTANCE

 

			This agreement executed on behalf of the Purchaser constitutes an offer
to purchase which can only be accepted by the Vendor by return of at least one originally accepted copy of agreement to the Purchaser
on or before February 25, 2016 failing which the offer becomes null and void. If this offer becomes null and void or is validly
revoked before acceptance or this agreement is not completed by the Purchaser for any valid reason, any deposit tendered with it
on behalf of the Purchaser shall be returned without penalty or interest. 

 

    	 	4	 

     

    

Signed and Delivered by:

 

 

	VENDOR	 	PURCHASER
	Saqoia Corp.	 	Vopia Inc.
	 	 	 
	 	 	 
	Authorized Signature:	 	Authorized Signature:
	 	 	 
	/s/ Rasmus Refer		/s/ Jorgen Fredericksen
	Rasmus Refer,President	 	Jorgen Frederiksen, Director
	Saqoia Corp.	 	Vopia Inc.

    	 	5Exhibit

Exhibit 10.26
EXECUTION VERSION

OMNIBUS AMENDMENT
This OMNIBUS AMENDMENT (this “Amendment”), dated as of January 15, 2016, is the:
(i)    FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT, by and among the various entities listed on the signature pages hereto as “Originators” (the “Originators” and each, an “Originator”), NUSTAR ENERGY L.P., as initial Servicer (“Servicer”) and NUSTAR FINANCE LLC, a Delaware limited liability company, as buyer (the “Borrower” and together with each Originator and the Servicer, the “NuStar Parties”); and
(ii)     FIRST AMENDMENT TO RECEIVABLES FINANCING AGREEMENT, by and among the Borrower, the Servicer, WORKING CAPITAL MANAGEMENT CO., LP, MIZUHO BANK, LTD. (“Mizuho”) and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as Lenders, Mizuho and PNC, as Group Agents, and PNC, as Administrative Agent.
RECITALS
WHEREAS, the Originators, NuStar Energy and the Borrower , as “Buyer”, entered into that certain Purchase and Sale Agreement, dated as of June 15, 2015 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Purchase and Sale Agreement”) for the purchase and sale of certain receivables and the related rights; 
WHEREAS, the Borrower, the Servicer, the Persons from time to time party thereto as Lenders and as Group Agents, and PNC, as Administrative Agent, entered into that certain Receivables Financing Agreement, dated as of June 15, 2015 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Receivables Financing Agreement” and, together with the Purchase and Sale Agreement, the “Agreements”); and
WHEREAS, the parties agree as follows.
AMENDMENT
NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
1. Amendment to the Purchase and Sale Agreement.  Section 2.2 of the Purchase and Sale Agreement is hereby amended in its entirety to read as follows:
SECTION 2.2  Calculation of Purchase Price.  The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula:

    

	
			
	PP
	=
	OB x FMVD

	where:
	 
	 

	PP
	=
	Purchase Price for each Receivable as calculated on the relevant Payment Date.

	OB
	=
	The Outstanding Balance of such Receivable on the relevant Payment Date.

	FMD
	=
	Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) 1.005, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the calendar month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

“Payment Date” means (i) the Closing Date and (ii) each Business Day thereafter that the Originators are open for business.
“Prime Rate” means a per annum rate equal to the “U.S. Prime Rate” as published in the “Money Rates” section of The Wall Street Journal or if such information ceases to be published in The Wall Street Journal, such other publication as determined by the Administrative Agent in its sole discretion.
2.    Amendment to the Receivables Purchase Agreement.  The definition of “Required Capital Amount” set forth in Section 1.01 of the Receivables Purchase Agreement amended in its entirety to read as follows:
“Required Capital Amount” means $5,000,000.
3.    Definitions.  Unless otherwise indicated herein, capitalized terms used and not otherwise defined in this Amendment are defined in (or by reference in) the Receivables Financing Agreement.
4.    Representations and Warranties.  Each NuStar Party hereby represents and warrants as of the date hereof as follows:
(a)    Representations and Warranties.  The representations and warranties made by it in the Agreements, as applicable, are true and correct as of the date hereof (unless (i) stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such earlier date or (ii) relating to a determination or calculation based upon the definition of Purchase Price or Required Capital Amount made prior to the date hereof).

2

(b)    Enforceability.  The execution and delivery by such Person of this Amendment, and the performance of each of its obligations under this Amendment and the Agreements, as applicable, as amended hereby, are within each of its organizational powers and have been duly authorized by all necessary organizational action on its part.  This Amendment and the Agreements, as applicable, as amended hereby, are such Person’s valid and legally binding obligations, enforceable in accordance with their respective terms except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.
(c)    No Default.  After giving effect to this Amendment and the transactions contemplated hereby, no Purchase and Sale Termination Event, Unmatured Purchase and Sale Termination Event, Event of Default or Unmatured Event of Default exists or shall exist.
(d)    Borrower’s Net Worth.  After giving effect to this Amendment and the transactions contemplated hereby, the Borrower’s Net Worth is not less than the Required Capital Amount.
5.    Entire Agreement.  Except as otherwise amended hereby, all of the other terms and provisions of each Agreement are and shall remain in full force and effect and each of the Purchase and Sale Agreement and Receivables Financing Agreement, as amended and supplemented by this Amendment, is hereby ratified and confirmed by the parties hereto. After this Amendment becomes effective, all references in the Purchase and Sale Agreement and Receivables Financing Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to such Agreement as amended by this Amendment.  This Amendment contains the entire understanding of the parties with respect to the provisions of the Agreements amended and supplemented hereby and may not be modified except in writing signed by all parties.  This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of either Agreement other than as set forth herein.
6.    Effectiveness.  This Amendment shall become effective as of the date hereof upon receipt by the Administrative Agent of duly executed counterparts of this Amendment (whether by facsimile or otherwise) executed by each of the parties hereto.
7.    Governing Law.  THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF).

3

8.    Section Headings.  The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreements or any provision hereof or thereof.
9.    Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of each NuStar Party, and their respective successors and permitted assigns.

10.    Counterparts.  This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart hereof by facsimile or other electronic means shall be equally effective as delivery of an originally executed counterpart.
 

[Signature Pages Follow]

4

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the date first above written.
NUSTAR FINANCE LLC,

By:_/s/ Thomas R. Shoaf____________________
Name: Thomas R. Shoaf
Title:  Executive Vice President and Chief Financial Officer 

NUSTAR ENERGY L.P., 
as Servicer 

By: Riverwalk Logistics, L.P., its general partner

By: NuStar GP, LLC, its general partner

By:_/s/ Thomas R. Shoaf______________
Name: Thomas R. Shoaf 
Title:   Executive Vice President and Chief Financial Officer

NUSTAR LOGISTICS, L.P., 
as an Originator

By: NuStar GP, Inc., its general partner

By:__/s/ Thomas R. Shoaf______________
Name: Thomas R. Shoaf 
Title:   Executive Vice President and Chief Financial Officer

NUSTAR ENERGY SERVICES, INC., 
as an Originator

By:___/s/ Thomas R. Shoaf__________________
Name: Thomas R. Shoaf 
Title: Executive Vice President and Chief Financial Officer

S-1
Omnibus Amendment

NUSTAR PIPELINE OPERATING PARTNERSHIP L.P., 
as an Originator

By: NuStar Pipeline Company, LLC, its general partner

By:__/s/ Thomas R. Shoaf_____________
Name: Thomas R. Shoaf 
Title:   Executive Vice President and Chief Financial Officer

NUSTAR SUPPLY & TRADING, LLC, 
as an Originator

By:__/s/ Thomas R. Shoaf___________________
Name: Thomas R. Shoaf 
Title: Executive Vice President and Chief Financial Officer

S-2
Omnibus Amendment

Consented to:

PNC BANK, NATIONAL ASSOCIATION,
as Administrative Agent 

By:    /s/ Eric Bruno                    
Name: Eric Bruno
Title: Managing Director

PNC BANK, NATIONAL ASSOCIATION,
as Group Agent for the PNC Group  

By:    /s/ Eric Bruno                    
Name: Eric Bruno
Title: Managing Director

PNC BANK, NATIONAL ASSOCIATION, 
as a Committed Lender 

 
By:    /s/ Eric Bruno                    
Name: Eric Bruno
Title: Managing Director

S-3
Omnibus Amendment

MIZUHO BANK, LTD.,
as a Group Agent for the Working Capital 
Management Co., LP Group  

By:    /s/ Leon Mo                
Name: Leon Mo
Title: Authorized Signatory

WORKING CAPITAL MANAGEMENT 
CO., LP, 
as a Conduit Lender  
 
 
By:_/s/ Richard Burke    _______________ 
Name: Richard Burke 
Title: Attorney-in-Fact

S-4
Omnibus Amendment

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