Document:

Exhibit 10.1 

EXECUTION COPY 

          SECURITIES
PURCHASE AGREEMENT, dated as of October 20, 2009
(the “Agreement”), among THE INDIVIDUALS NAMED IN SCHEDULE A HERETO (each
a “Buyer”
and, collectively, the “Buyers”); DANA HYDE, an individual residing at 215 North
Washington Street, Monte Vista, Colorado 81144 (“Hyde”); EDWARDS INVESTMENTS LLC, a
Colorado limited liability company with offices located at 7955 Arapahoe
Road, Suite 1100, Greenwood Village, Colorado 80111, DAVID WAGNER & ASSOCIATES, P.C., Penthouse
Suite, 8400 East Prentice Avenue, Greenwood Village Colorado 80111, J.D. KISH,
an individual residing at c/o Kish Leake & Associates PC, 5031 South Ulster
Street, Suite 420, Denver, Colorado 80237, DENNIS MURPHY, an individual residing at
9600 East Arapahoe Road, Suite 260, Engelwood, Colorado 80112, JUDITH
JONES, an individual residing at 6949 Hoyt Court, Arvada, Colorado
80004-1600, DON AND LINDA AHLGREN, individuals residing at 522 San Pedro,
Garland, Texas 75043, NORMAN SECK, an individual residing at 1202
Estralla Road, Taos, New Mexico 87571, and LALAH DEE CHANEY, an individual residing at
17220 Village Lane, Dallas, Texas 75248 (collectively,
the “Unaffiliated
Sellers”, and, together with Hyde, each a “Seller” and collectively,
the “Sellers”); and GREAT SPIRITS, INC., a Colorado corporation
with offices located at 215 N. Washington Street, Monte Vista, Colorado 81144 (the “Company”). 

INTRODUCTION

          The Sellers
own beneficially and of record an aggregate of 7,998,020 shares of common
stock, par value $0.001 per share (the “Common
Stock”), of the Company, which includes all shares of Common Stock
owned beneficially or of record thereby, or issuable upon the exercise,
conversion, or exchange of securities or obligations held by, or owed to, the
Seller, which Shares represent 96.969% of the outstanding Common Stock at the
date hereof. The Buyers desire to acquire from the Sellers, and the Sellers
desire to sell to the Buyers, an aggregate of 7,998,000 of their shares (the “Shares”), representing 96.969% of the
outstanding Common Stock at the date hereof, in accordance with, and subject
to, the terms hereof, allocated among the Sellers as set forth in Schedule B
hereto and allocated among the Buyers as set forth in Schedule A hereto.

          NOW,
THEREFORE, in consideration of the premises and mutual
representations, warranties and covenants herein contained, the parties hereby
agree as follows:

ARTICLE I

CERTAIN DEFINITIONS

          “Business Day” shall mean any day which is
not a Saturday or Sunday and is not a day on which banking institutions are
generally authorized or obligated to close in the City of New York, New York.

          “Buyer” and “Buyers” shall have the
definition assigned thereto in the introductory paragraph hereto.

          “Closing” shall mean the closing of the
purchase by Buyers from the Sellers of the Shares.

          “Closing Date” shall have the definition
assigned thereto in Section 2.03(a) hereof.

          “Code” shall have the definition assigned
thereto in Section 3.01(d).

          “Common Stock” shall have the definition
assigned thereto in to introduction hereto. 

          “Company” shall have the definition
assigned thereto in the introductory paragraph hereto.

          “Dispose Of” shall mean to pledge,
hypothecate, give away, sell, grant an option (other than pursuant hereto) with
respect to, or otherwise transfer. 

          “Environmental Laws” shall have the
definition assigned thereto in Section 3.01(q).

          “ERISA” shall mean the Employee Retirement
Income Security Act of 1974, as amended.

          “Exchange Act” shall have the definition
assigned thereto in Section 3.01(a)(i).

          “Existing Directors” shall have the
definition assigned thereto in Section 4.04.

          “Hyde”
shall have the definition assigned thereto in the introductory paragraph to
this Agreement.

          “Investment Company Act” shall have the
definition assigned thereto in Section 3.01(n).

          “Last Company Financial Statement Date”
shall mean June 30, 2009.

          “Last Company Financial Statements” shall
mean the balance sheet, statement of income, and statement of cash flows, and
the notes thereto, of the Company as of the Last Company Financial Statement
Date.

          “New Directors” shall have the definition
assigned thereto in Section 4.04.

          “Purchase Price” shall have the definition
assigned thereto in Section 2.01 hereof.

          “SEC” shall mean the United States
Securities and Exchange Commission.

          “SEC Documents” shall have the definition
assigned thereto in Section 3.01(a)(i).

          “Securities Act” shall mean the Securities
Act of 1933, as amended.

-2-

          “Seller” and “Sellers” shall have the
definition assigned thereto in the introductory paragraph hereto.

          “Shares” shall have the definition assigned
thereto in the introduction hereto. 

          “Taxes” shall have the definitions assigned
thereto in Section 3.01(j).

ARTICLE II

ACQUISITION AND EXCHANGE OF SHARES

          Section
2.01     The Agreement. At the Closing, the Buyers
shall acquire from the Sellers, and the Sellers shall sell to the Buyers, the
Shares in accordance with Schedule A hereto and Schedule B hereto
in exchange for an aggregate purchase price of US$190,000 (following deduction
of $10,000 payable at the Closing to Brockington Securities, Inc.) in cash,
less the amount of any liabilities of the Company (the “Purchase Price”), allocated among the
Sellers as determined among themselves. 

          Section
2.02     Closing; Exchanges. 

          (a)          The
Closing shall take place on the date hereof (the “Closing Date”) at the offices of Beigelman, Feiner &
Feldman, P.C., 100 Wall Street, 23rd Floor, New York, New York
10005, or by electronic means, as determined by the Buyers in their sole
discretion. 

                         (i)          On
the Closing Date, the Sellers shall deliver or cause to be delivered to Buyers,
c/o Brockington Securities, Inc., 2805 Veterans Hwy, Suite 1 Ronkonkoma, NY
11779, stock certificates evidencing the Shares, registered in the name of the
Byers in accordance with Schedule A hereto or their respective designees
identified in writing by each Buyer at least two Business Days prior to the
Closing. 

                         (ii)          At
or before the Closing Date, the Buyers shall: 

                                        (A)     deliver to the escrow account
maintained by Andrew Telsey, Esq., the Purchase Price by certified or official
bank check or by electronic wire transfer in accordance with instructions
theretofore provided by Andrew Telsey, Esq. to the Buyers;

                                        (B)     agree to sell, or provide a date of
which it shall sell, the assets of the Company immediately prior to the Closing
to Hyde in exchange for Hyde’s agreement to: (i) forgive any related party debt
owed by the Company to Hyde; and (ii) indemnify the Company against any
liability relating to the business of the Company prior to the transactions
contemplated hereby; 

                         (iii)          At
or before the Closing Date, the Company will deliver to the Buyers an Officer’s
Certificate in the form of Exhibit 2.02(a)(iii) hereto, dated the
Closing Date, certifying, 

-3-

among other things, that all representations, warranties, covenants,
and conditions set forth herein by the Sellers and the Company are true and
correct as of, or have been fully performed and complied with by, the Closing
Date; 

                         (iv)          At
or before the Closing Date, each Seller will deliver to the Buyers and the
Company a certificate in the form of Exhibit 2.02(a)(iv)-1 hereto, dated
the Closing Date, in the case of Hyde, or Exhibit 2.02(a)(iv)-2 hereto,
dated the Closing Date, in the case of the Unaffiliated Sellers, certifying
that all representations, warranties, covenants, and conditions set forth
herein by such Seller and the Company are true and correct as of, or have been
fully performed and complied with by, the Closing Date; 

                         (v)          At
or before the Closing Date, each Buyer, or a duly appointed agent thereof, will
deliver to the Sellers one or more Certificates in the form of Exhibit
2.02(a)(v) hereto, dated the Closing Date, certifying that all
representations, warranties, covenants and conditions set forth herein by such
Buyer are true and correct as of, or have been fully performed and complied
with by, the Closing Date; and

                         (vi)          At
or before the Closing Date, the Sellers and the Buyers shall execute a
cross-receipt in the form of Exhibit 2.02(a)(vi) hereto.

          (b)          The
Shares shall be authorized, issued, and outstanding shares of Common Stock. All
Shares shall be deemed “restricted
securities” as defined in paragraph (a) of Rule 144 under the
Securities Act. The acquisition by the Buyers of the Shares shall be subject to
an exemption from the registration requirements of the Securities Act, under
Section 4(1) of the Securities Act and the rules and regulations promulgated
thereunder. Certificates representing the Shares shall bear a restrictive
legend in substantially the following form:

	
  

 	
  

 	
  

 
	
  

 	
 The shares represented by this certificate
have not been registered under the Securities Act of 1933, as amended, and
may not be offered for sale, sold, or otherwise disposed of, except in
compliance with the registration provisions of such Act or pursuant to an
exemption from such registration provisions, the availability of which is to
be established to the satisfaction of the Company. 

 	
  

 

          Section
2.03     Approval. In anticipation of this
Agreement, the Board of Directors of the Company has taken all necessary and
requisite corporate and other action in order to approve this Agreement and all
transactions contemplated hereby.

-4-

ARTICLE III

REPRESENTATIONS AND WARRANTIES

          Section 3.01    Representations and Warranties of Hyde and the Company.
Hyde and the Company, jointly and severally, represent and warrant to, and
agree with, the Buyers as follows:

          (a)       (i)          The
Common Stock has been registered under Section 12(g) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)
and the Company is subject to the periodic reporting requirements of Section 13
of the Exchange Act. The Company has made available to the Buyers true,
complete, and correct copies of all forms, reports, schedules, statements, and
other documents required to be filed by it under the Exchange Act, as such
documents have been amended since the time of the filing thereof (collectively,
including all forms, reports, schedules, statements, exhibits, and other
documents filed by the Company therewith, the “SEC
Documents”). Other than as disclosed on Schedule 3.01(a)(i), the SEC
Documents, including, without limitation, any financial statements and
schedules included therein, at the time filed or, if subsequently amended, as
so amended, (i) did not contain any untrue statement of a material fact
required to be stated therein or necessary in order to make the statements
therein not misleading and (ii) complied in all respects with the applicable
requirements of the Exchange Act and the applicable rules and regulations
thereunder. 

          (ii)     The
Company maintains disclosure controls and procedures required by Rule 13a-15 or
15d-15 under the Exchange Act; such controls and procedures are effective to
ensure that: 

	
  

 	
  

 
	
  

 	
           (A)          all
 material information concerning the Company is made known on a timely basis
 to the individuals responsible for the preparation of the Company’s filings
 with the SEC and other public disclosure documents;

 
	
  

 	
  

 
	
  

 	
           (B)          transactions
 are executed in accordance with management’s general or specific
 authorizations;

 
	
  

 	
  

 
	
  

 	
           (C)          transactions
 are recorded as necessary to permit preparation of financial statements in
 accordance with generally accepted accounting principles and to maintain
 asset accountability;

 
	
  

 	
  

 
	
  

 	
           (D)          access
 to assets is permitted only in accordance with management’s general or
 specific authorization; and

 
	
  

 	
  

 
	
  

 	
           (E)          the
 recorded accountability for assets is compared with the existing assets at
 reasonable intervals and appropriate action is taken with respect to any
 differences.

 

The Company has made
available to the Buyers copies of, all written descriptions of, and all
policies, manuals and other documents promulgating, such disclosure controls
and

-5-

procedures. The books,
records and accounts of the Company accurately and fairly reflect, in reasonable
detail, the transactions in, and dispositions of, the assets of, and the
results of operations of, the Company all to the extent required by generally
accepted accounting principles. 

                    (iii)       The
Chief Executive Officer and the Chief Financial Officer of the Company has
signed, and the Company has furnished to the SEC, all certifications required
by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002; such certifications
contain no qualifications or exceptions to the matters certified therein and
have not been modified or withdrawn; and neither the Company nor any of its
officers has received notice from any governmental entity questioning or
challenging the accuracy, completeness, form or manner of filing or submission of
such certifications. 

                    (iv)        The
Company has heretofore made available to the Buyers complete and correct copies
of all certifications filed with the SEC pursuant to Sections 302 and 906 of
Sarbanes-Oxley Act of 2002 and hereby reaffirms, represents and warrants to the
Buyers the matters and statements made in such certificates.

          (b)     At
the date hereof and at the Closing Date:

                    (i)        the Common Stock is eligible to
trade and be quoted on, and is quoted on, the over-the-counter Bulletin Board
market maintained by The Nasdaq Stock Market (the “OTCBB”) and has received no notice or other communication
indicating that such eligibility is subject to challenge or review by the any
applicable regulatory agency, electronic market administrator, or exchange; 

                    (ii)        the
Company has and shall have performed or satisfied all of its undertakings to, and
of its obligations and requirements with, the SEC; 

                    (iii)       the
Company has not, and shall not have taken any action that would preclude, or
otherwise jeopardize, the inclusion of the Common Stock for quotation on the
OTCBB; and

                    (iv)       The
Common Stock is eligible for participation in The Depository Trust Company book
entry system.

          (c)      Other
than as disclosed on Schedule 3.01(a)(i), the Company has no
subsidiaries or affiliated corporation or owns any interest in any other
enterprise (whether or not such enterprise is a corporation). The Company has
been duly organized and is validly existing as a corporation in good standing
under the laws of the State of Colorado with full power and authority
(corporate and other) to own, lease and operate its respective properties and
conduct its respective business as described in the SEC Documents; except as
otherwise disclosed on Schedule 3.01(c), the Company is duly qualified to do
business as a foreign corporation and is in good standing in each jurisdiction
in which the ownership or leasing of its properties or the conduct of its
business requires such qualification, except where the failure to be so
qualified or be in good standing would not have a material adverse effect on
its business, prospects, condition (financial or otherwise), and results of

-6-

operations of the Company; no
proceeding has been instituted in any such jurisdiction, revoking, limiting or
curtailing, or seeking to revoke, limit or curtail, such power and authority or
qualification; the Company is in possession of, and operating in compliance
with, all authorizations, licenses, certificates, consents, orders and permits
from state, federal, foreign and other regulatory authorities that are material
to the conduct of its business, all of which are valid and in full force and
effect; the Company is not in violation of its charter or bylaws or in default
in the performance or observance of any obligation, agreement, covenant or
condition contained in any material bond, debenture, note or other evidence of
indebtedness, or in any material lease, contract, indenture, mortgage, deed of
trust, loan agreement, joint venture or other agreement or instrument to which
it is a party or by which it or its properties or assets may be bound, which
violation or default would have a material adverse effect on the business,
prospects, financial condition or results of operations of the Company; and the
Company is not in violation of any law, order, rule, regulation, writ,
injunction, judgment or decree of any court, government or governmental agency
or body, domestic or foreign, having jurisdiction over the Company or over its
properties or assets, which violation would have a material adverse effect on
the business, prospects, financial condition or results of operations of the
Company taken as a whole. The SEC Documents accurately describe any
corporation, association or other entity owned or controlled, directly or
indirectly, by the Company.

          (d)          The
Company has all requisite power and authority to execute, deliver, and perform
this Agreement. All necessary proceedings of the Company have been duly taken
to authorize the execution, delivery, and performance of this Agreement
thereby. This Agreement has been duly authorized, executed, and delivered by the
Company, constitutes the legal, valid, and binding obligation of the Company,
and is enforceable as to the Company in accordance with its terms. Except as
otherwise set forth in this Agreement, no consent, authorization, approval,
order, license, certificate, or permit of or from, or declaration or filing
with, any federal, state, local, or other governmental authority or any court
or other tribunal is required by the Company for the execution, delivery, or
performance of this Agreement thereby. No consent, approval, authorization or
order of, or qualification with, any court, government or governmental agency
or body, domestic or foreign, having jurisdiction over the Company or over its
properties or assets is required for the execution and delivery of this
Agreement and the consummation by the Company of the transactions herein and
therein contemplated, except such as may be required under the Securities Act
or under state or other securities or blue sky laws, all of which requirements
have been, or in accordance therewith will be, satisfied in all material
respects. No consent of any party to any material contract, agreement,
instrument, lease, license, arrangement, or understanding to which the Company
is a party, or to which its or any of its respective businesses, properties, or
assets are subject, is required for the execution, delivery, or performance of
this Agreement; and the execution, delivery, and performance of this Agreement
will not violate, result in a breach of, conflict with, or (with or without the
giving of notice or the passage of time or both) entitle any party to terminate
or call a default under, entitle any party to receive rights or privileges that
such party was not entitled to receive immediately before this Agreement was
executed under, or create any obligation on the part of the Company to which it
was not subject immediately before this Agreement was executed under, any term
of any such material contract, agreement, instrument, lease, license,
arrangement, or understanding, or violate or result in a breach of any term of
the certificate of incorporation or by-laws of the Company or (if the
provisions of this Agreement are

-7-

satisfied) violate, result in
a breach of, or conflict with any law, rule, regulation, order, judgment,
decree, injunction, or writ of any court, government or governmental agency or
body, domestic or foreign, having jurisdiction over the Company or over its
properties or assets.

          (e)          There
is not any pending or, to the best of Hyde’s or the Company’s knowledge,
threatened, action, suit, claim or proceeding against the Company, or any of
the Company’s officers or any of the respective properties, assets or rights of
the Company, before any court, government or governmental agency or body, domestic
or foreign, having jurisdiction over the Company or over the Company’s officers
or the properties of the Company, or otherwise that (i) is reasonably likely to
result in any material adverse change in the respective business, prospects,
financial condition or results of operations of the Company or might materially
and adversely affect its properties, assets or rights taken as a whole, (ii)
might prevent consummation of the transactions contemplated by this Agreement,
or (iii) alleging violation of any Federal or state securities laws.

          (f)          The
authorized capital stock of the Company consists of 50,000,000 shares of Common
Stock, of which 8,248,020 shares of Common Stock are outstanding, and 1,000,000
shares of “blank check” preferred stock, par value $0.10 per share, no shares
of which are outstanding. Each of such outstanding shares of Common Stock is
duly and validly authorized, validly issued, fully paid, and nonassessable, has
not been issued and is not owned or held in violation of any preemptive or
similar right of stockholders. Except as disclosed in the SEC Documents, (i)
there is no commitment, plan, or arrangement to issue, and no outstanding
option, warrant, or other right calling for the issuance of, any share of capital
stock of, or any security or other instrument convertible into, exercisable
for, or exchangeable for capital stock of, the Company, and (ii) except as
described in the SEC Documents, there is outstanding no security or other
instrument convertible into or exchangeable for capital stock of the Company.
When delivered by the Sellers against payment therefor in accordance with the
terms of this Agreement, the Shares will be duly and validly issued and fully
paid and nonassessable, and will be sold free and clear of any pledge, lien,
security interest, encumbrance, claim or equitable interest of any kind; and no
preemptive or similar right, co-sale right, registration right, right of first
refusal or other similar right of stockholders exists with respect to any of
the Shares or the issuance and sale thereof other than those that have been
expressly waived prior to the date hereof and those that will automatically
expire upon the execution hereof. No further approval or authorization of any
stockholder, the Board of Directors of the Company or others is required for
the issuance and sale or transfer of the Shares, except as may be required
under the Securities Act, the rules and regulations promulgated thereunder or
under state or other securities or blue sky laws. The Company has no stock
option, stock bonus and other stock plans or arrangements.

          (g)          Ronald R. Chadwick, P.C. examined the
financial statements of the Company, together with the related schedules and
notes, for the period from September 26, 2005 through June 30, 2009 (the “Auditors”), filed with the SEC as a part
of the SEC Documents, are independent accountants within the meaning of the
Securities Act, the Exchange Act, and the rules and regulations promulgated
thereunder; and the audited financial statements of the Company, together with
the related schedules and notes, and the unaudited financial information,
forming part of the SEC Documents, fairly present and will fairly present the
financial position and the results of operations of the Company at the
respective dates and for the respective periods to which they

-8-

apply; and all audited financial statements of the Company, together
with the related schedules and notes, and the unaudited financial information,
filed with the SEC as part of the SEC Documents, complied and will comply as to
form in all material respects with applicable accounting requirements and with
the rules and regulations of the SEC with respect hereto when filed, have been
and will be prepared in accordance with generally accepted accounting
principles consistently applied throughout the periods involved except as may
be otherwise stated therein (except as may be indicated in the notes thereto or
as permitted by the rules and regulations of the SEC) and fairly present and
will fairly present, subject in the case of the unaudited financial statements,
to customary year end audit adjustments, the financial position of the Company
as at the dates thereof and the results of its operations and cash flows. The procedures
pursuant to which the aforementioned financial statements have been audited are
compliant with generally accepted auditing standards. The selected and summary
financial and statistical data included in the SEC Documents present and will
present fairly the information shown therein and have been compiled on a basis
consistent with the audited financial statements presented therein. No other
financial statements or schedules are required to be included in the SEC
Documents. The financial statements referred to in this Section 3.01(g) contain
all certifications and statements required under the SEC’s Order, dated June
27, 2002, pursuant to Section 21(a)(1) of the Exchange Act (File No. 4-460),
Rule 13a-14 or 15d-14 under the Exchange Act, or 18 U.S.C. Section 1350
(Sections 302 and 906 of the Sarbanes-Oxley Act of 2002) with respect to the
report relating thereto. Since the Last Company Financial Statement Date:

	
  

 	
  

 
	
  

 	
           (i)         There
 has at no time been a material adverse change in the financial condition,
 results of operations, businesses, properties, assets, liabilities, or future
 prospects of the Company.

 
	
  

 	
  

 
	
  

 	
           (ii)        The
 Company has not authorized, declared, paid, or effected any dividend or
 liquidating or other distribution in respect of its capital stock or any
 direct or indirect redemption, purchase, or other acquisition of any stock of
 the Company.

 
	
  

 	
  

 
	
  

 	
           (iii)       Except
 as set forth in the SEC Documents, the operations and businesses of the
 Company have been conducted in all respects only in the ordinary course.

 

Other than a “going concern” qualification in the report of the
Auditors with respect to the financial statements of the Company, there is no
fact known to Hyde or the Company which materially adversely affects or in the
future (as far as the Company can reasonably foresee) may materially adversely
affect the financial condition, results of operations, businesses, properties,
assets, liabilities, or future prospects of the Company; provided, however, that
neither Hyde nor the Company expresses any opinion as to political or economic
matters of general applicability. The Company has made known, or caused to be
made known, to the accountants or auditors who have prepared, reviewed, or
audited the aforementioned consolidated financial statements all material facts
and circumstances which could affect the preparation, presentation, accuracy,
or completeness thereof.

          (h)     Subsequent
to the respective dates as of which information is given in the SEC Documents,
there has not been (i) any material adverse change in the business, prospects,
financial condition or results of operations of the Company, (ii) any
transaction committed to or

-9-

consummated that is material
to the Company, (iii) any obligation, direct or contingent, that is material to
the Company incurred by the Company, except such obligations as have been
incurred in the ordinary course of business, (iv) any change in the capital
stock or outstanding indebtedness of the Company or Subsidiary that is material
to the Company, (v) any dividend or distribution of any kind declared, paid, or
made on the capital stock of the Company, or (vi) any loss or damage (whether
or not insured) to the property of the Company which has a material adverse
effect on the business, prospects, condition (financial or otherwise), or
results of operations thereof.

          (i)          At
the Closing, the Company shall have no properties or assets and the Company
shall be free and clear of any pledge, lien, security interest, encumbrance,
claim or equitable interest. At the Closing, the Company shall be party to no
agreements except for this Agreement, which shall be a legal, valid and binding
agreement, enforceable against the Company in accordance with its terms. 

          (j)          Other
than related party liabilities, all of which are owed to the Sellers and
affiliates thereof, the Company’s liabilities, in the aggregate, are less than
the Purchase Price. All such liabilities, other than those to related parties,
shall be paid at or prior to the Closing. At or before the Closing, all related
party liabilities shall be forgiven or otherwise extinguished. Other than as
disclosed in Schedule 3.01(j), the Company has no liability of any
nature, accrued or contingent, including, without limitation, liabilities for
federal, state, local, or foreign taxes and penalties, interest, and additions
to tax (“Taxes”), and liabilities
to customers or suppliers. Without limiting the generality of the foregoing,
the amounts set up as provisions for Taxes, if any, in the Last Company
Financial Statements are sufficient for all accrued and unpaid Taxes of the
Company, whether or not due and payable and whether or not disputed, under tax
laws, as in effect on the Last Company Financial Statement Date or now in
effect, for the period ended on such date and for all fiscal periods prior
thereto. The execution, delivery, and performance of this Agreement by the
Company will not cause any Taxes to be payable (other than those that may
possibly be payable by a Seller as a result of the sale of the Shares) or cause
any lien, charge, or encumbrance to secure any Taxes to be created either
immediately or upon the nonpayment of any Taxes other than on the properties or
assets of the Sellers. The Internal Revenue Service has audited and settled or
the statute of limitations has run upon all federal income tax returns of the
Company and Hyde for all taxable years up to and including the taxable year
ended December 31, 2002. The Company has filed all federal, state, local, and
foreign tax returns required to be filed by it; has made provided to the Buyers
a true and correct copy of each such return which was filed in the past six years;
has paid (or has established on the last balance sheet included in the last
Company Financial Statement a reserve for) all Taxes, assessments, and other
governmental charges payable or remittable by it or levied upon it or its
properties, assets, income, or franchises which are due and payable; and has
delivered to the Buyers a true and correct copy of any report as to adjustments
received by it from any taxing authority during the past six years and a
statement as to any litigation, governmental or other proceeding (formal or
informal), or investigation pending, threatened, or in prospect with respect to
any such report or the subject matter of such report. Hyde has paid all taxes
payable thereby due on or prior to the date hereof.

          (k)          Except
as disclosed in Schedule 3.01(k), the Company does not have any
insurance; the Company has at no time been refused any insurance coverage
sought or applied for.

-10-

          (l)            (i)          No
labor disturbance by the employees of the Company exists or, to the best of the
Company’s knowledge, is imminent. The Company is not aware of any existing or
imminent labor disturbance by the employees of any principal suppliers or
customers of the Company that might be expected to result in any material
adverse change in the business, prospects, financial condition, or results of
operations of the Company. No collective bargaining agreement exists with any
of the Company’s employees and, to the best of Hyde’s and the Company’s
knowledge, no such agreement is imminent.

                         (ii)          The
Company does not have, or contribute to, and has never maintained or
contributed to, any pension, profit-sharing, option, other incentive plan, or
any other type of Employee Benefit Plan (as defined in Section 3(3) of ERISA)
or Pension Plan (as defined in ERISA) and the Company does not have any
obligation to or customary arrangement with employees for bonuses, incentive
compensation, vacations, severance pay, sick pay, sick leave, insurance, service
award, relocation, disability, tuition refund, or other benefits, whether oral
or written. 

          (m)          The
Company has no, and has no rights to use, patents, patent rights, inventions,
trade secrets, know-how, trademarks, service marks, trade names, logos, or
copyrights. The Company has not received any notice of, or has knowledge of,
any infringement of or conflict with asserted rights of the Company by others
with respect to any patents, patent rights, inventions, trade secrets, know-how,
trademarks, service marks, trade names, logos, or copyrights; and the Company
has not received any notice of, or has no knowledge of, any infringement of, or
conflict with, asserted rights of others with respect to any patents, patent
rights, inventions, trade secrets, know-how, trademarks, service marks, trade
names, logos, or copyrights described or referred to in the SEC Documents as
owned by or used by it or which, individually or in the aggregate, in the event
of an unfavorable decision, ruling or finding, would have a material adverse
effect on the business, prospects, financial condition or results of operations
of the Company. 

          (n)          The
Company has been advised concerning the Investment Company Act of 1940, as
amended (the “Investment Company Act”),
and the rules and regulations thereunder, and has in the past conducted, and
intends in the future, to conduct its affairs in such a manner as to ensure
that it is not and will not become an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment
Company Act and such rules and regulations. 

          (o)          (i)          The
Company has not, and no person or entity acting on behalf or at the request of
the Company has, at any time during the last five years (i) made any unlawful
contribution to any candidate for foreign office or failed to disclose fully
any contribution in violation of law, or (ii) made any payment to any federal
or state governmental officer or official, or other person charged with similar
public or quasi-public duties, other than payments required or permitted by the
laws of the United States or any other applicable jurisdiction.

                         (ii)          Neither
Company, nor, to the best knowledge of Hyde nor the Company, any director,
officer, agent, employee, or other person associated with, or acting on behalf
of, the 

-11-

Company, has, directly or indirectly: used any corporate funds for
unlawful contributions, gifts, entertainment, or other unlawful expenses
relating to political activity; made any unlawful payment to foreign or
domestic government officials or employees or to foreign or domestic political
parties or campaigns from corporate funds; violated any provision of the
Foreign Corrupt Practices Act of 1977, as amended; or made any bribe, rebate,
payoff, influence payment, kickback, or other unlawful payment. The Company’s
internal accounting controls and procedures are sufficient to cause the Company
to comply in all respects with the Foreign Corrupt Practices Act of 1977, as
amended.

                         (ii)          Neither
Hyde or the Company, nor any officer, director or affiliate of the Company, has
been, within the five years ending on the Closing Date, a party to any bankruptcy
petition against such person or against any business of which such person was
affiliated; convicted in a criminal proceeding or subject to a pending criminal
proceeding (excluding traffic violations and other minor offenses); subject to
any order, judgment or decree, not subsequently reversed, suspended or vacated,
of any court of competent jurisdiction, permanently or temporarily enjoining,
barring, suspending or otherwise limiting their involvement in any type of
business, securities or banking activities; or found by a court of competent
jurisdiction in a civil action, by the SEC or the Commodity Futures Trading
Commission to have violated a federal or state securities or commodities law,
and the judgment has not been reversed, suspended or vacated.

          (p)          The
Company has not, and no person acting on behalf thereof, has taken or will
take, directly or indirectly, any action designed to, or that might reasonably
be expected to cause or result in, stabilization in violation of law, or manipulation,
of the price of the Common Stock to facilitate the sale or resale of the
Shares.

          (q)          Except
as set forth in the SEC Documents, (i) the Company is in compliance in all
material respects with all rules, laws and regulations relating to the use,
treatment, storage and disposal of toxic substances and protection of health or
the environment (“Environmental Laws”)
that are applicable to its business, (ii) the Company has not received notice
from any governmental authority or third party of an asserted claim under
Environmental Laws, (iii) to the best knowledge of the Company, the Company is
not likely to be required to make future material capital expenditures to
comply with Environmental Laws (iv) no property which is owned, leased or
occupied by the Company has been designated as a Superfund site pursuant to the
Comprehensive Response, Compensation, and Liability Act of 1980, as amended (42
U.S.C. § 9601, et seq.), or otherwise designated as a
contaminated site under applicable state or local law, and (v) the Company is
not in violation of any federal or state law or regulation relating to
occupational safety or health.

          (r)          There
are no outstanding loans, advances or guarantees of indebtedness by the Company
to, or for the benefit of, any of the officers, directors, or director-nominees
of the Company or any of the members of the families of any of them, except as
disclosed in the SEC Documents. 

          (s)          The
Company has not incurred any liability, direct or indirect, for finders’ or
similar fees on behalf of or payable by the Company or the Buyers in connection
with the transactions 

-12-

contemplated hereby or any
other transaction involving the Company and the Buyers, except as otherwise
disclosed herein.

          (t)          No
stockholder of the Company has any right to request or require the Company to
register the sale of any shares owned by such stockholder under the Securities
Act on any registration statement.

          (u)          The
Company is in compliance with, and is not in violation of, applicable federal,
state, local or foreign statutes, laws and regulations (including without
limitation, any applicable building, zoning or other law, ordinance or
regulation) affecting its properties or the operation of its business,
including, without limitation, Sarbanes-Oxley Act of 2002 and the rules and
regulations promulgated pursuant thereto or thereunder. The Company is not
subject to any order, decree, judgment or other sanction of any court,
administrative agency or other tribunal.

          (v)          The
Company is not party to any contract, agreement or arrangement other than this
Agreement and as otherwise disclosed in the SEC Documents.

          Section
3.02       Representations and Warranties of the
Sellers. Each Seller, severally, but not jointly,
hereby represents and warrants to, and agrees with, the Buyers:

          (a)          (i)          Such
Seller has all requisite power and authority to execute, deliver, and perform
this Agreement. All necessary proceedings of such Seller have been duly taken
to authorize the execution, delivery, and performance of this Agreement. This
Agreement has been duly authorized, executed, and delivered by such Seller,
constitutes the legal, valid, and binding obligation of such Seller, and is
enforceable as to such Seller in accordance with its terms. Except as otherwise
set forth in this Agreement, no consent, authorization, approval, order,
license, certificate, or permit of or from, or declaration or filing with, any
federal, state, local, or other governmental authority or any court or other
tribunal is required by the such Seller for the execution, delivery, or
performance of this Agreement thereby. No consent, approval, authorization or
order of, or qualification with, any court, government or governmental agency
or body, domestic or foreign, having jurisdiction over such Seller or over its
respective properties or assets is required for the execution and delivery of
this Agreement and the consummation by such Seller of the transactions herein
and therein contemplated, except such as may be required under the Securities
Act or under state or other securities or blue sky laws, all of which
requirements have been, or in accordance therewith will be, satisfied in all
material respects. No consent of any party to any material contract, agreement,
instrument, lease, license, arrangement, or understanding to which such Seller
is a party, or to which its or any of its respective businesses, properties, or
assets are subject, is required for the execution, delivery, or performance of
this Agreement; and the execution, delivery, and performance of this Agreement
will not violate, result in a breach of, conflict with, or (with or without the
giving of notice or the passage of time or both) entitle any party to terminate
or call a default under, entitle any party to receive rights or privileges that
such party was not entitled to receive immediately before this Agreement was
executed under, or create any obligation on the part of such Seller to which it
was not subject immediately before this Agreement was executed under, any term
of any such material contract, agreement, instrument, lease, license,
arrangement, or understanding, or violate or result in a breach of any term of
the 

-13-

certificate of incorporation
or by-laws or analogous governing document of such Seller (if applicable) or
(if the provisions of this Agreement are satisfied) violate, result in a breach
of, or conflict with any law, rule, regulation, order, judgment, decree,
injunction, or writ of any court, government or governmental agency or body,
domestic or foreign, having jurisdiction over such Seller or over its
respective properties or assets.

                    (ii)           If
such Seller is an individual, such Seller has reached the age majority in his
or her state of residence. 

                    (iii)          If
such Seller is not an individual, such Seller has been duly organized and is
validly existing as a corporation or limited liability company in good standing
under the laws of its respective jurisdiction of formation with full power and
authority (corporate and other) to own, lease and operate its respective
properties and conduct its respective business; such Seller is duly qualified
to do business as a foreign corporation and is in good standing in each
jurisdiction in which the ownership or leasing of its properties or the conduct
of its business requires such qualification, except where the failure to be so
qualified or be in good standing would not have a material adverse effect on
its respective business, prospects, condition (financial or otherwise), and
results of operations; no proceeding has been instituted in any such
jurisdiction, revoking, limiting or curtailing, or seeking to revoke, limit or
curtail, such power and authority or qualification; such Seller is in
possession of, and operating in compliance with, all authorizations, licenses,
certificates, consents, orders and permits from state, federal, foreign and
other regulatory authorities that are material to the conduct of its business,
all of which are valid and in full force and effect; such Seller is not in
violation of its charter or bylaws or analogous governing documents or in
default in the performance or observance of any obligation, agreement, covenant
or condition contained in any material bond, debenture, note or other evidence
of indebtedness, or in any material lease, contract, indenture, mortgage, deed
of trust, loan agreement, joint venture or other agreement or instrument to
which it is a party or by which it or its properties or assets may be bound,
which violation or default would have a material adverse effect on its
respective business, prospects, financial condition or results of operations;
and such Seller is not in violation of any law, order, rule, regulation, writ,
injunction, judgment or decree of any court, government or governmental agency
or body, domestic or foreign, having jurisdiction over such Seller or over its
properties or assets, which violation would have a material adverse effect on
its respective business, prospects, financial condition or results of
operations taken as a whole. 

                    (b)          There
is not any pending or, to the best of such Seller’s knowledge, threatened,
action, suit, claim or proceeding against such Seller, or any of its officers
or any of its respective properties, assets or rights, before any court,
government or governmental agency or body, domestic or foreign, having
jurisdiction over such Seller or over its officers or the properties, or
otherwise that (i) is reasonably likely to result in any material adverse
change in the respective business, prospects, financial condition or results of
operations of such Seller or might materially and adversely affect their
properties, assets or rights taken as a whole, (ii) might prevent consummation
of the transactions contemplated by this Agreement, or (iii) alleging violation
of any Federal or state securities laws.

                    (c)          When
delivered by such Seller against payment therefor in accordance with the terms
of this Agreement, the Shares delivered thereby will be duly and validly issued
and fully 

-14-

paid and nonassessable, and will be sold free and clear of any pledge,
lien, security interest, encumbrance, claim or equitable interest of any kind;
and no preemptive or similar right, co-sale right, registration right, right of
first refusal or other similar right of stockholders exists with respect to any
of the Shares to be delivered thereby hereunder or the issuance and sale
thereof other than those that have been expressly waived prior to the date
hereof and those that will automatically expire upon the execution hereof. No
further approval or authorization of any stockholder, the Board of Directors of
the Company or others is required for the issuance and sale or transfer of the
Shares, except as may be required under the Securities Act, the rules and
regulations promulgated thereunder or under state or other securities or blue
sky laws.

                    (d)          (i)          The
Seller is the sole record and beneficial owner of the Shares set forth opposite
its respective name in Schedule B hereto, free and clear of any security
interest, pledge, mortgage, lien (including, without limitation, environmental
and tax liens), charge, encumbrance, adverse claim, preferential arrangement or
restriction of any kind, including, without limitation, any restriction on the
use, voting, transfer (except as otherwise provided herein), receipt of income
or other exercise of any attributes of ownership. The Shares to be delivered by
such Seller hereunder are not subject to any options, warrants, convertible
securities or other rights, agreements, arrangements or commitments of any
character relating to interests therein. There are no voting trusts, member
agreements, proxies, or other agreements or understandings in effect with
respect to the voting or transfer of any of such Shares. Except as referenced
in Schedule B, other than the Shares, such Seller owns beneficially or of
record, no shares of capital stock or other securities of the Company, and does
not own beneficially or of record, any securities exercisable for, or
convertible into or exchangeable for, securities of the Company.

                    (ii)          Such
Sellers acquired the Shares owned beneficially and of record thereby from the
Company in private transactions not involving a public offering and, on the
dates of such acquisitions, such Seller paid the full purchase price therefor.
The Shares are “restricted securities”
as defined in Rule 144(a) under the Securities Act.

                    (iii)          Neither
such Seller nor any affiliate thereof knows of any material adverse information
regarding the current or prospective operations of the Company which has not
been publicly disclosed. 

          Section
3.03     Representations and Warranties of the
Buyers. Each Buyer, severally, but not jointly,
hereby represents and warrants to, and agrees with, the Sellers:

                    (a)            Such
Buyer has all requisite power and authority to execute, deliver, and perform
this Agreement. All necessary proceedings of such Buyer have been duly taken to
authorize the execution, delivery, and performance of this Agreement thereby.
This Agreement has been duly authorized, executed, and delivered by such Buyer,
constitutes the legal, valid, and binding obligation of such Buyer, and is
enforceable as to such Buyer in accordance with its respective terms. Except as
otherwise set forth in this Agreement, no consent, authorization, approval,
order, license, certificate, or permit of or from, or declaration or filing
with, any federal,

-15-

state, local, or other
governmental authority or any court or other tribunal is required by such Buyer
for the execution, delivery, or performance of this Agreement thereby. No
consent, approval, authorization or order of, or qualification with, any court,
government or governmental agency or body, domestic or foreign, having
jurisdiction over such Buyer or over its properties or assets is required for
the execution and delivery of this Agreement and the consummation by such Buyer
of the transactions herein contemplated, except such as may be required under
the Securities Act or under state or other securities or blue sky laws, all of
which requirements have been, or in accordance therewith will be, satisfied in
all material respects. No consent of any party to any material contract,
agreement, instrument, lease, license, arrangement, or understanding to which
such Buyer is a party, or to which its or any of its businesses, properties, or
assets are subject, is required for the execution, delivery, or performance of
this Agreement; and the execution, delivery, and performance of this Agreement
will not violate, result in a breach of, conflict with, or (with or without the
giving of notice or the passage of time or both) entitle any party to terminate
or call a default under, entitle any party to receive rights or privileges that
such party was not entitled to receive immediately before this Agreement was
executed under, or create any obligation on the part of such Buyer to which it
was not subject immediately before this Agreement was executed under, any term
of any such material contract, agreement, instrument, lease, license,
arrangement, or understanding, or violate or result in a breach of any term of
the operating agreement of such Buyer or (if the provisions of this Agreement
are satisfied) violate, result in a breach of, or conflict with any law, rule,
regulation, order, judgment, decree, injunction, or writ of any court,
government or governmental agency or body, domestic or foreign, having
jurisdiction over such Buyer or over its properties or assets.

          (b)          Such
Buyer is an “accredited investor”
as defined in Rule 501 of Regulation D under the Securities Act. Such Buyer is
acquiring the Shares to be acquired thereby hereunder for its own account (and
not for the account of others) for investment and not with a view to the
distribution or resale thereof in violation of the Securities Act. Such Buyer
understands that it may not sell or otherwise Dispose Of such Shares in the
absence of either an effective registration statement under the Securities Act
or an exemption from the registration provisions of the Securities Act. Such
Buyer acknowledges being informed that the shares of Common Stock acquired
thereby shall be unregistered, shall be “restricted
securities” as defined in Rule 144(a) under the Securities Act, and
must be held indefinitely unless (i) they are subsequently registered
under the Securities Act, or (ii) an exemption from such registration is
available. Such Buyer further acknowledges that the Company does not have an
obligation to currently register such securities for the account of such Buyer.

          (c)          By
virtue of such Buyer’s position, it has access to the same kind of information
which would be available in a registration statement filed under the Securities
Act. Such Buyer acknowledges that it has been afforded access to all material
information which it has requested relevant to its decision to acquire the
Shares to acquired thereby and to ask questions of the Company’s management and
that, except as set forth herein, neither any Seller or the Company nor anyone
acting on behalf of any Seller or the Company, has made any representations or
warranties to such Buyer which have induced, persuaded, or stimulated such
Buyer to acquire such Shares. 

          (d)          Either
alone, or together with their investment advisor(s), such Buyer has the
knowledge and experience in financial and business matters to be capable of
evaluating the merits 

-16-

and risks of the prospective investment in the Shares to be acquired
thereby, and such Buyer is and will be able to bear the economic risk of the
investment in such Shares. 

ARTICLE IV

ADDITIONAL COVENANTS

                    Section
4.01     Indemnity. Hyde agrees to indemnify and hold
harmless the Buyers and their respective officers, directors, employees,
counsel, agents, and stockholders, in each case past, present, or as they may
exist at any time after the date of this Agreement, and each person, if any,
who controls, controlled, or will control any of them within the meaning of Section
15 of the Securities Act or Section 20(a) of the Securities Exchange Act of
1934, as amended, against any and all losses, liabilities, damages, and
expenses whatsoever (which shall include, for all purposes of this Article IV,
but not be limited to, counsel fees and any and all expenses whatsoever
incurred in investigating, preparing, or defending against any litigation,
commenced or threatened, or any claim whatsoever, and any and all amounts paid
in settlement of any claim or litigation) as and when incurred arising out of,
based upon, or in connection with (a) any material breach of any
representation, warranty, covenant, or agreement of Hyde or the Company
contained in this Agreement, (b) if the Closing takes place, any act or alleged
omission occurring at or prior to the Closing (including without limitation any
which arise out of, are based upon, or are in connection with any of the
transactions contemplated hereby) which subjects the Buyers to damages related
to the intentional act or intentional omission, and (c) the products and
operations of the Company, if any, prior to closing. The foregoing agreement to
indemnify shall be in addition to any liability Hyde or the Company may
otherwise have, including liabilities arising under this Agreement.

          Section
4.02     Stockholders; Other Securities. Each
of Hyde and the Company hereby agrees that immediately prior to the Closing,
the Company will have at least 90 stockholders. Prior to the date of this
Agreement, all of the Company’s outstanding convertible debt, options, warrants
and all other indebtedness of the Company shall have been cancelled. 

          Section
4.03     Assets and Liabilities. Each of Hyde and the Company hereby agrees
that, at the Closing, the Company shall have no assets and no
liabilities. 

          Section
4.04     Corporate Governance. At
the Closing, (a) the Board of Directors of the Company shall consist of one
current director (the “Existing Director”),
who shall resign immediately thereafter, and one director appointed by
BuyerCorp (the “New Director”),
and (b) all officers of the Company shall resign and the Board of Directors
shall appoint the designees of the Buyers as the sole officers thereof. 

          Section
4.05     Further SEC Filings. Hyde
shall take all such further acts as shall be required to permit the Company to
file any SEC Documents to be filed at or following the Closing which reflect
the business and operations of the Company prior to the Closing, and shall
execute and deliver all certifications required to be filed by the Company with
respect to financial

-17-

statements of the Company reflecting in whole or in part the business
and operations of the Company prior to the Closing.

ARTICLE V

MISCELLANEOUS

          Section
5.01     Expenses. Whether or not the transactions
contemplated in this Agreement are consummated, all costs and expenses incurred
in connection with this Agreement and the transactions contemplated hereby,
will be paid by the party incurring such expense or as otherwise agreed to
herein.

          Section
5.02     Necessary Actions. Subject to the terms
and conditions herein provided, each of the parties hereto agrees to use all
reasonable efforts to take, or cause to be taken, all action and to do, or
cause to be done, all things necessary, proper or advisable under applicable
laws and regulations to consummate and make effective the transactions
contemplated by this Agreement. In the event at any time after the Closing, any
further action is necessary or desirable to carry out the purposes of this
Agreement, the Sellers, the proper executive officers and/or directors of the
Company, or the Buyers, as the case may be, will take all such necessary
action.

          Section
5.03     Notices. Any notice or other communication
required or permitted to be given hereunder shall be in writing and shall be
mailed by certified mail, return receipt requested or by the most nearly
comparable method if mailed from or to a location outside of the United States
or by Federal Express, Express Mail, or similar overnight delivery or courier
service or delivered (in person or by telecopy, telex, or similar
telecommunications equipment) against receipt to the party to which it is to be
given at the address of such party set forth in the introductory paragraph to
this Agreement (or to such other address as the party shall have furnished in
writing in accordance with the provisions of this Section 5.03.) Any notice to
the Company shall be addressed to the attention of the Corporate Secretary. Any
notice or other communication given by certified mail (or by such comparable
method) shall be deemed given at the time of certification thereof (or
comparable act), except for a notice changing a party’s address which will be
deemed given at the time of receipt thereof. Any notice given by other means
permitted by this Section 5.03 shall be deemed given at the time of receipt
thereof.

          Section
5.04     Parties in Interest. Except as expressly
provided in Section 4.01 hereof, this Agreement will inure to the benefit of
and be binding upon the parties hereto and the respective successors and
assigns. Nothing in this Agreement is intended to confer, expressly or by
implication, upon any other person any rights or remedies under or by reason of
this Agreement.

          Section
5.05     Entire Agreement; Modification. Except as
otherwise expressly provided herein, this Agreement sets forth the entire
understanding of the parties with respect to the subject matter hereof,
supersedes all existing agreements among them concerning such subject matter,
and may be modified only by a written instrument duly executed by each party
hereto. 

-18-

          Section
5.06     Availability of Equitable Remedies. Since
a breach of the provisions of this Agreement could not adequately be
compensated by money damages, any party shall be entitled, in addition to any other
right or remedy available to it, to an injunction restraining such breach or
threatened breach and to specific performance of any such provision of this
Agreement, and no bond or other security shall be required in connection
therewith, and the parties hereby consent to the issuance of such an injunction
and to the ordering of specific performance.

          Section
5.07     Survival. Each of the covenants,
agreements, representations, and warranties contained in this Agreement shall
survive the Closing Date until the date 18 months thereafter. The statements
contained in any document executed by either any Seller or the Company relating
hereto or delivered to the Buyers in connection with the transactions
contemplated hereby or thereby, or in any statement, certificate, or other
instrument delivered by, or on behalf of, either any Seller or the Company
pursuant hereto or thereto or delivered to any Buyers in connection with the
transactions contemplated hereby or thereby shall be deemed representations and
warranties, covenants and agreements, or conditions, as the case may be, of
such Seller or the Company, respectively, hereunder for all purposes of this
Agreement (including all statements, certificates, or other instruments
delivered pursuant hereto or thereto or delivered in connection with this
Agreement, or any of the other transactions contemplated hereby). The
statements contained in any document executed by any Buyer relating hereto or
delivered to either any Seller or the Company in connection with the
transactions contemplated hereby or thereby, or in any statement, certificate,
or other instrument delivered by, or on behalf of, any Buyer pursuant hereto or
thereto or delivered to either any Seller or the Company in connection with the
transactions contemplated hereby or thereby shall be deemed representations and
warranties, covenants and agreements, or conditions, as the case may be, of
such Buyer hereunder for all purposes of this Agreement (including all
statements, certificates, or other instruments delivered pursuant hereto or
thereto or delivered in connection with this Agreement, or any of the other
transactions contemplated hereby).

          Section
5.08     Binding Effect. The provisions of this
Agreement shall be binding upon and inure to the benefit of each of the
Sellers, the Company, and each of the Buyers, and their respective successors
and assigns; provided, however, that no party hereto shall have the right to
assign its rights and obligations hereunder without the prior written consent of
the other parties hereto. 

          Section
5.09     Counterpart. This Agreement may be
executed in one or more counterparts, each of which will be deemed an original
and all together will constitute one document. The delivery by facsimile of an
executed counterpart of this Agreement will be deemed to be an original and
will have the full force and effect of an original executed copy.

          Section
5.10     Severability. The provisions of this
Agreement will be deemed severable and the invalidity or unenforceability of
any provision hereof will not affect the validity or enforceability of any of
the other provisions hereof. If any provisions of this Agreement, or the
application thereof to any person or any circumstance, is illegal, invalid or
unenforceable, (a) a suitable and equitable provision will be substituted
therefor in order to carry out, so far as may be 

-19-

valid and enforceable, the intent and purpose of such invalid or
unenforceable provision, and (b) the remainder of this Agreement and the application
of such provision to other persons or circumstances will not be affected by
such invalidity or unenforceability, nor will such invalidity or
unenforceability affect the validity or enforceability of such provision, or
the application thereof, in any other jurisdiction.

          Section
5.11     Headings. The Article and Section headings
are provided herein for convenience of reference only and do not constitute a
part of this Agreement and will not be deemed to limit or otherwise affect any
of the provisions hereof.

          Section
5.12     Governing Law. This Agreement will be
deemed to be made in and in all respects will be interpreted, construed and
governed by and in accordance with the law of the State of Colorado,
without regard to the conflict of law principles thereof.  

 [REMAINDER OF PAGE INTENTIONALLY BLANK]

-20-

          IN
WITNESS WHEREOF, the parties hereto have executed and
delivered this Agreement in a manner legally binding upon them as of the date
first above written.

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 Brian Leftwich

 	
  

 	
 Steve Free

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 Jack Minter

 	
  

 	
 Dana Hyde

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 EDWARDS INVESTMENTS LLC

 	
  

 	
 DAVID WAGNER & ASSOCIATES, P.C.

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 By:

 	
  

 	
  

 	
 By:

 	
  

 	
  

 
	
  

 	
 Craig Edelmann

 	
  

 	
  

 	
 David Wagner

 	
  

 
	
  

 	
 Manager

 	
  

 	
  

 	
 President

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 J.D. Kish

 	
  

 	
 Dennis Murphy

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 Judith Jones

 	
  

 	
 Don and Linda Ahlgren

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 Norman Seck

 	
  

 	
 Lalah Dee Chaney

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 GREAT SPIRITS, INC.

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 
	
 By:

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Dana Hyde

 	
  

 	
  

 	
  

 
	
  

 	
 Chief Executive Officer

 	
  

 	
  

 	
  

 

-21-

List of Schedules and Exhibits

	
  

 	
  

 
	
 Schedule A

 	
 Buyers

 
	
 Schedule B

 	
 Sellers

 
	
 Schedule
 3.01(c)

 	
 Subsidiaries

 
	
 Schedule
 3.01(f)

 	
 Options,
 Warrants, and Convertible and Exchangeable Securities

 
	
 Schedule
 3.01(j)

 	
 List of
 Current Non-Affiliate Liabilities

 
	
 Schedule
 3.01(k)

 	
 Insurance
 Policies

 
	
  

 	
  

 
	
 Exhibit
 2.02(a)(iii)

 	
 Company
 Officers’ Certificate

 
	
 Exhibit
 2.02(a)(iv)-1

 	
 Hyde
 Seller’s Certificate

 
	
 Exhibit
 2.02(a)(iv)-2

 	
 Unaffiliated
 Sellers’ Certificate

 
	
 Exhibit
 2.02(a)(v)

 	
 Buyer’s
 Certificate

 
	
 Exhibit
 2.02(a)(vi)

 	
 Cross-Receipt

 

-22-

Schedule A

Buyers

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name

 	
  

 	
  

 	
 Address

 	
  

 	
  

 	
 Shares to
 be Purchased

 	
  

 
	 

 	
  

 	
  

 	 

 	
  

 	
  

 	 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Brian
 Leftwich

 	
  

 	
 8905
 Magnolia Vale

 	
  

 	
 2,666,020

 
	
  

 	
  

 	
 Granbury
 Texas 76049

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Steven
 Free

 	
  

 	
 3101
 Mustang Dr. #310

 	
  

 	
 2,666,000

 
	
  

 	
  

 	
 Grapevine,
 Texas 76051

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Jack Minter

 	
  

 	
 4320 Windsor
 Parkway

 	
  

 	
 2,666,000

 
	
  

 	
  

 	
 Dallas,
 Texas 75205

 	
  

 	
  

 

-23-

Schedule B

Sellers

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name

 	
  

 	
  

 	
 Shares to be Purchased

 	
  

 
	 

 	
  

 	
  

 	 

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dana Hyde

 	
  

 	
  

 	
 7,414,100

 	
  

 
	
 David Wagner
 & Associates, P.C.

 	
  

 	
  

 	
 250,000

 	
  

 
	
 Edwards
 Investments LLC

 	
  

 	
  

 	
 250,000

 	
  

 
	
 J.D. Kish

 	
  

 	
  

 	
 15,000

 	
  

 
	
 Dennis
 Murphy

 	
  

 	
  

 	
 45,000

 	
  

 
	
 Judith Jones

 	
  

 	
  

 	
 5,000

 	
  

 
	
 Don and
 Linda Ahlgren

 	
  

 	
  

 	
 6,670

 	
  

 
	
 Norman Seck

 	
  

 	
  

 	
 6,670

 	
  

 
	
 Lalah Dee
 Chaney

 	
  

 	
  

 	
 5,580

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Total

 	
  

 	
  

 	
 7,998,020

 	
  

 

-24-

Schedule 3.01(c)

Subsidiaries

Rocky Mountain
Distilleries, Inc., a Colorado corporation (100%)

-25-

Schedule 3.01(f)

Options, Warrants, and Convertible and
Exchangeable Securities

None.

-26-

Schedule 3.01(j)

List of Current Non-Affiliate Liabilities

None.

-27-

Schedule 3.01(k)

Insurance Policies

None.

-28-schedule13d110209ex10-1.htm

    
      

      

    

    

    STOCK
PURCHASE AGREEMENT, dated as of October 28, 2009 by and among Gurpartap (Gary)
Singh Basrai (hereinafter referred to as the “Buyer”), Fenario, Inc., a
Nevada corporation (the “Company”), and Uziel Leibowitz
(the “Seller”).

     

    WITNESSETH:

     

    WHEREAS, Buyer desires to
purchase (the “Purchase”)
in the aggregate 5,000,000 shares (the “Shares”) of common stock, par
value $.0001 per share of the Company (the “Common Stock”), from the
Seller, for an aggregate purchase price of $152,500 and the Seller desires to
sell the Shares to the Buyer;

     

    WHEREAS, the Company is a
corporation subject to the reporting requirements of Section 15(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the shares
of Common Stock are eligible for quotation on the OTC Bulletin Board (the “OTCBB”) under the symbol
“FENO”;

     

    WHEREAS, immediately following
the closing of the Purchase, the outstanding securities of the Company shall be
9,000,000 shares of Common Stock consisting of (a) 5,000,000 shares of Common
Stock owned by Buyer, and (b) 400,000 shares of Common Stock owned by the
Company's other stockholders.

     

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

     

    1. SALE OF SECURITIES,
ETC.

     

    1.1           Share
Purchase.  Subject to the terms and conditions of this
Agreement, at the Closing (as defined in Section 2.1 below) to be held pursuant
to Section 2 below, the Seller shall sell, assign, transfer, convey and deliver
to Buyer, and Buyer shall purchase and acquire from the Seller, good and
marketable title to the Shares, free and clear of all mortgages, liens,
encumbrances, claims, equities and obligations to other persons of every kind
and character, except that the Shares will be “restricted securities” as defined
in the Securities Act of 1933, as amended (the “Securities
Act”).  The purchase price for the Shares shall be $152,500,
payable to the Seller (the “Purchase Price”).

     

    1.2           Post-Closing
Capital Structure.  Immediately following the Closing there
shall be no outstanding securities of the Company except 9,000,000 shares of
Common Stock consisting of (a) 5,000,000 owned by Buyer; and (b) 400,000 shares
of Common Stock owned by  at least 40 other stockholders of the
Company.

     

    2. THE
CLOSING

     

    2.1           Place and
Time.  The closing of the sale and purchase of the Shares (the
“Closing”) shall take
place at the offices of David Lubin & Associates, PLLC, 5 North Village
Avenue, Rockville Centre, N.Y. 11570 on such date (the “Closing Date”) and time as the
parties shall so agree.  Except as agreed to by the parties, the
Closing shall occur simultaneous with the execution and delivery of this
Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.2           Deliveries
by the Seller.  At the Closing, the Seller shall deliver to
Buyer certificate(s) representing the 5,000,000 Shares, duly registered in the
name of the Buyer, and all other documents, instruments and writings required
(or reasonably requested by the Buyer and/or its counsel), by this Agreement to
be delivered by the Seller at the Closing.

     

    2.3           Deliveries
by the Company.  At the Closing, the Company shall deliver to
the Buyer the following:

     

    (a) A
certificate issued by the Nevada Secretary of State as to the good standing of
the Company as of the date of the Closing;

     

    (b) A true
and complete copy of the Articles of Incorporation of the Company as in effect
as of the date of the Closing, certified by the Secretary of State of
Nevada;

     

    (c) A true
and correct copy of the By-Laws (as amended) of the Company as in effect as of
the date of the Closing, certified by the Secretary of the Company;

     

    (d) Board
Resolutions authorizing all transactions contemplated by this Agreement,
including, without limitation with respect to the appointment of the officers
and directors provided for in Section 7.7 below; and

     

    (e) The
Company’s original minute books containing the resolutions and actions by
written consent of the directors and stockholders of the Company and the
Company’s other original books and records, including the Company’s financial
and accounting records (including the Company’s general ledger), all banking
records and federal and state tax and other regulatory filings and filing codes
(including SEC EDGAR filing codes) in whatever media they exist, including paper
and electronic media;

     

    (f) Duly
executed resignations of all of the Company’s officers and directors, with the
resignation of the Seller as a director being effective only after the filing
and distribution of a Schedule 14f-1 Information Statement; and

     

    (g) All other
documents, instruments and writings required by this Agreement to be delivered
by the Company at the Closing, all of the Company’s original books of account
and record, and any other documents or records relating to the Company’s
business reasonably requested by Buyer in connection with this
Agreement.

     

    2.4           Deliveries
by Buyer.  At the Closing, the Buyer shall deliver the
following to the Seller and the Company the Purchase Price, payable by wire
transfer to the account designed prior to Closing by Seller.

     

    
      	
              3.  

            	
              REPRESENTATIONS
      AND WARRANTIES OF THE SELLER

            

    

     

    The
Seller represents, warrants and covenants to and with Buyer, both as of the date
of this Agreement and as of the date of Closing, as an inducement to Buyer to
enter into this Agreement and to consummate the transaction contemplated hereby
as follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.1           Authorization
of Agreement.  The Company and the Seller are fully able,
authorized and empowered to execute and deliver this Agreement and any other
agreement or instrument contemplated by this Agreement and to perform their
respective covenants and agreements hereunder and thereunder.  This
Agreement and any such other agreement or instrument, upon execution and
delivery by the Seller and the Company (and assuming due execution and delivery
hereof and thereof by the other parties hereto and thereto), will constitute a
valid and legally binding obligation of the Seller and the Company, in each case
enforceable against each of them in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, moratorium,
reorganization or similar laws from time to time in effect which affect
creditors' rights generally and by legal and equitable limitations on the
availability of specific performance and other equitable remedies against the
Company and the Seller under or by virtue of this Agreement or such other
agreement or instrument.

     

    3.2            Ownership
of the Shares.  The Seller is the record and beneficial owner
of the Shares.  The Seller holds the Shares free and clear of any
lien, pledge, encumbrance, charge, security interest, claim or right of another
and has the absolute right to sell and transfer the Shares to the Buyer as
provided in this Agreement without the consent of any other person or
entity.  Upon transfer of the Shares to Buyer hereunder, Buyer will
acquire good and marketable title to the Shares free and clear of any lien,
pledge, encumbrance, charge, security interest, claim or right of another, other
than applicable securities laws.

     

    3.3            No
Breach.  Neither the execution and delivery of this Agreement
nor compliance by the Company and/or the Seller with any of the provisions
hereof nor the consummation of the transactions and actions contemplated hereby
will:

     

    (a) violate
or conflict with any provision of the Articles of Incorporation or By-Laws of
the Company;

     

    (b) violate
or, alone or with notice of the passage of time, result in the material breach
or termination of, or otherwise give any contracting party the right to
terminate, or declare a material default under, the terms of any agreement or
other document or undertaking, oral or written to which the Seller and/or the
Company is a party or by which any of them or any of their respective properties
or assets may be bound;

     

    (c) result in
the creation of any lien, security interest, charge or encumbrance upon any of
the properties or assets of the Seller and/or the Company pursuant to the terms
of any such agreement or instrument;

     

    (d) violate
any statute, ordinance, regulation judgment, order, injunction, decree or award
of any court or governmental or quasi governmental agency against, or binding
upon the Seller and/or the Company or upon any of their respective properties or
assets; or

     

    (e) violate
any law or regulation of any jurisdiction relating to the Seller and/or the
Company or any of their respective assets or properties.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.4            Obligations;
Authorizations.  Neither the Company nor the Seller are (i) in
violation of any judgment, order, injunction, award or decree which is binding
on any of them or any of their assets, properties, operations or business which
violation, by itself or in conjunction with any other such violation, would
materially and adversely affect the consummation of the transaction
contemplated hereby; or (ii) in violation of any law or regulation or any other
requirement of any governmental body, court or arbitrator relating to him or it,
or to his or its assets, operations or businesses which violation, by itself or
in conjunction with other violations of any other law, regulation or other
requirement, would materially adversely affect the consummation of the
transaction contemplated hereby.

     

    3.5            Consents.  All
requisite consents of third parties, including, but not limited to, governmental
or other regulatory agencies, federal, state or municipal, required to be
received by or on the part of the Company and the Seller for the execution and
delivery of this Agreement and the performance of their respective obligations
hereunder have been obtained and are in full force and effect. The Company and
the Seller have fully complied with all conditions of such
consents.

     

    3.6            SEC
Reports.  The Company has filed in a timely manner with the
Securities and Exchange Commission (the “SEC”) all reports required to
be filed and is “current” in its reporting obligations (collectively, the “SEC Reports”).  As
of their respective dates, the SEC Reports comply in all material respects with
the requirements of the Exchange Act and the rules and regulations promulgated
thereunder and none of the SEC Reports contained an untrue statement of a
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not
misleading. As of their respective dates, the SEC Reports complied in all
material respects with the requirements of the 1934 Act and the rules and
regulations of the SEC promulgated thereunder applicable to the SEC Reports, and
none of the SEC Reports, at the time they were filed with the SEC, contained any
untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary in order to make the statements therein, in
light of the circumstances under which they were made, not
misleading.  None of the statements made in any such SEC Reports is,
or has been, required to be amended or updated under applicable law (except for
such statements as have been amended or updated in subsequent filings prior the
date hereof).  The Company has not received any communication from the
SEC, FINRA or any other regulatory authority regarding any SEC Report or any
disclosure contained therein.

     

    3.7            Financial
Statements.  The financial statements (the “Financial
Statements”) of the Company included in the SEC Reports (including in
each case the related notes thereto) (i) are in accordance with the books and
records of the Company, (ii) are correct and complete in all material respects,
(iii) present fairly the financial position and results of operations of the
Company as of the respective dates indicated (subject, in the case of unaudited
statements, to normal, recurring adjustments, none of which were material) and
(iv) have been prepared in accordance with generally accepted accounting
principles applied on a consistent basis (“GAAP”). As of their respective
dates, the Financial Statements complied as to form in all material respects
with applicable accounting requirements and the published rules and regulations
of the SEC with respect thereto.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.8            Organization.  The
Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Nevada and has full power and authority to own,
lease and operate its properties and to carry on its business as now being and
as heretofore conducted.  The Company is not qualified or licensed to
do business as a foreign corporation in any other jurisdiction and neither the
location of its assets nor the nature of its business requires it to be so
qualified.

     

    3.9            Capitalization.  The
total authorized and issued capital stock of the Company as of the date of this
Agreement is 500,000,000 authorized and 9,000,000 outstanding shares of Common
Stock, and 5,000,000 authorized and 0 outstanding shares of Preferred
Stock.  All of the issued and outstanding shares of Common Stock are
duly authorized and validly issued and outstanding, fully paid and
non-assessable.  There are no subscriptions, options, warrants,
convertible or exchangeable securities or other rights' agreements or
commitments (oral or otherwise) obligating the Company to issue any shares of
its capital stock or other securities.

     

    3.10            Liabilities
Etc.

     

    (a) The
Company has filed all federal, state and local tax returns which are required to
be filed by it, through and including the date hereof and as of the Closing
date, including, but not limited to, its federal income tax returns and all
taxes shown to be due thereon (together with any applicable penalties and
interest) have been paid.  The Company has not incurred any liability
for taxes except in the ordinary course of business.  The Company has
paid or provided adequate reserves for all taxes which have become due for all
periods prior to the date of this Agreement or pursuant to any assessments
received by it or which the Company is obligated to withhold from amounts owing
to any employee, creditor or other third party as at or with respect to any
period prior to the date of this Agreement.  The federal income tax
returns of the Company have never been audited by the Internal Revenue
Service.  The Company has not waived any statute of limitations in
respect of taxes, nor agreed to any extension of time with respect to a tax
assessment or deficiency.

     

    (b) On the
date hereof and as of the Closing date, there are no liabilities, debts or
obligations of the Company, whether accrued, absolute, contingent or otherwise
(the “Liabilities”) that
are not reflected in the Financial Statements, except as incurred in the
ordinary course of business and not exceeding $5,000 in the aggregate. As of the
Closing, the Company will have no Liabilities.

     

    3.11            Adverse
Developments.  Since June 30, 2009, there has been no material
adverse change in the business, operations or condition (financial or otherwise)
of the Company; nor has there been since such date, any damage, destruction or
loss, whether covered by insurance or not, materially or adversely affecting the
business, properties or operations of the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.12            Actions
and Proceedings.  Neither the Seller nor the Company is a
subject to any outstanding orders, writs, injunctions or decrees of any court or
arbitration tribunal or any governmental department, commission, board, agency
or instrumentality, domestic or foreign, against, involving or affecting the
business, properties or employees of the Company or the Seller’s right to enter
into, execute and perform this Agreement (or any of the transactions
contemplated hereby).  There are no actions, suits, claims or legal,
administrative or arbitration proceedings or investigations, including any
warranty or product liability claims (whether or not the defense thereof or
liabilities in respect thereof are covered by policies of insurance) relating to
or arising out of the business, properties or employees of the Company pending
or, to the best knowledge of the Company and the Seller, threatened against or
affecting the Company.

     

    3.13            Compliance
with Laws. The Company has complied in all material respects with all
laws, ordinances, regulations and orders applicable to the conduct of its
business, including all laws relating to environmental matters, employees and
working conditions.

     

    3.14            Bank
Accounts and Credit Cards.  Except for one account with Bank of
America, the Company does not have any bank account, safe deposit box or credit
or charge cards. Said account will be closed on or shortly after the
Closing.

     

    3.15            Stockholders.  Attached
hereto as Exhibit 3.17 is a current stockholder list as provided by the
Company’s transfer agent.

     

    3.16            Capitalization;
No Preemptive Rights, Etc.  There are no pre-emptive rights (or
other similar rights, including any rights of first refusal) outstanding
relating to the Shares.

     

    3.17            Subsidiaries.  There
are no corporations, partnerships or other business entities controlled by the
Company.  As used herein, “controlled by” means (i) the ownership of
not less than fifty (50%) percent of the voting securities or other interests of
a corporation, partnership or other business entity, or (ii) the possession,
directly or indirectly, of the power to direct or cause the direction of the
management and policies of a corporation, partnership or other business entity,
whether through the ownership of voting shares, by contract or
otherwise.  The Company has not made any investments in, nor does it
own, any of the capital stock of, or any other proprietary interest in, any
other corporation, partnership or other business entity.

     

    3.18            Litigation,
Compliance with Law.  There are no actions, suits, proceedings,
or governmental investigations (or any investigation of any self-regulatory
organization) relating to the Company or to any of its properties, assets or
businesses pending or, to the best of its knowledge, threatened, or any order,
injunction, award or decree outstanding against the
Company or against or relating to any of its properties, assets or
businesses.  The Company is not in violation of any law, regulation,
ordinance, order, injunction, decree, award or other requirements of any
governmental body, court or arbitrator relating to its properties, assets or
business.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.19            Agreements
and Obligations; Performance.  The Company is not a party to,
or bound by any: (i) contract, arrangements, commitment or understanding; (ii)
contractual obligation or contractual liability of any kind to any Company
stockholder; (iii) contract, arrangement, commitment or understanding with its
customers or any officer, employee, stockholder, director, representative or
agent thereof for the repurchase of products, sharing of fees, the rebating of
charges to such customers, bribes, kickbacks from such customers or other
similar arrangements; (iv) contract for the purchase or sale of any materials,
products or supplies which contain, or which commits or will commit it for a
fixed term; (v) contract of employment with any officer or employee not
terminable at will without penalty or premium or any continuing obligation of
liability; (vi) deferred compensation, bonus or incentive plan or agreement not
cancelable at will without penalty or premium or any continuing obligation or
liability: (vii) management or consulting agreement not terminable at will
without penalty or premium or any continuing obligation or liability; (viii)
lease for real or personal property (including borrowings thereon), license or
royalty agreement; (ix) union or other collective bargaining agreement; (x)
agreement, commitment or understanding relating to the indebtedness for borrowed
money; (xi) contract involving aggregate payments or receipts of $1,000 or more
which, by its terms, requires the consent of any party thereto to the
consummation of the transactions contemplated hereby; (xii) contract containing
covenants limiting the freedom of the Company to engage or compete in any line
of business or with any person in any geographic area; (xiii) contract or
opinion relating to the acquisition or sale of any business; (xiv) voting trust
agreement or similar stockholders' agreement; and/or (xiv) other contract,
agreement, commitment or understanding which materially affects any of its
properties, assets or business, whether directly or indirectly, or which was
entered into other than in the ordinary course of business.

     

    3.20            Permits
and Licenses.  The Company is in compliance in all material
respects with all requirements, standards and procedures of the federal, state,
local and foreign governmental bodies which issued such permits, licenses,
orders, franchises and approvals.

     

    3.21            Employee
Benefit Plans.  The Company does not maintain and is not
required to make contributions to any “pension” and “welfare” benefit plans
(within the respective meanings of Sections 4(2) and 4(1) of the Employee
Retirement Income Security Act of 1974, as amended).

     

    3.22            Trading.  The
shares of Common Stock are quoted on the OTCBB under the symbol “FENO” and the
shares of Common Stock are eligible for deposit with the DTC.  Actual
sales of shares of Common Stock have taken place in the over-the-counter market
and have been reported on the OTCBB.  The Company has not received any
correspondence and/or notice (nor has any reason to believe it will in the
future receive) regarding the continued eligibility of the Common Stock to be
quoted on the OTCBB or deposited with the DTC.

     

    3.23            Insurance.  The
Company has no insurance policies.  The Company does not provide any
insurance.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.24           Sarbanes-Oxley

     

    (a) The
Company (i) makes and keeps accurate books and records and (ii) maintain and has
maintained effective internal control over financial reporting as defined in
Rule 13a-15 under the Securities Exchange Act of 1934, as mended (the “Exchange Act”) and a system of
internal accounting controls sufficient to provide reasonable assurance that (A)
transactions are executed in accordance with management’s general or specific
authorization, (B) transactions are recorded as necessary to permit preparation
of the Company’s financial statements in conformity with accounting principles
generally accepted in the United States and to maintain accountability for its
assets, (C) access to the Company’s assets is permitted only in accordance with
management’s general or specific authorization and (D) the recorded
accountability for the Company’s assets is compared with existing assets at
reasonable intervals and appropriate action is taken with respect to any
differences.

     

    (b) The
Company has established and maintains disclosure controls and procedures (as
such term is defined in Rule 13a-15 under the Exchange Act), (ii) such
disclosure controls and procedures are designed to ensure that the information
required to be disclosed by the Company in the reports it will file or submit
under the Exchange Act is accumulated and communicated to management of the
Company, including its principal executive officer and principal financial
officer, as appropriate, to allow timely decisions regarding required disclosure
to be made and (iii) such disclosure controls and procedures are effective in
all material respects to perform the functions for which they were
established.

     

    (c) Since
June 30, 2009, (i) the Company has not been advised of (A) any significant
deficiencies in the design or operation of internal controls that could
adversely affect the ability of the Company and each of its subsidiaries to
record, process, summarize and report financial data, or any material weaknesses
in internal controls and (B) any fraud, whether or not material, that involves
management or other employees who have a significant role in the internal
controls of the Company and each of its subsidiaries, and (ii) since that date,
there have been no significant changes in internal controls or in other factors
that could significantly affect internal controls, including any corrective
actions with regard to significant deficiencies and material
weaknesses.

     

    (d) There is
and has been no failure on the part of the Company and any of the Company’s
directors or officers, in their capacities as such, to comply with the
provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations
promulgated in connection therewith.

     

    3.25            Disclosure.
Neither this Agreement, nor any certificate, exhibit, or other written document
or statement, furnished to the Buyer by the Seller and/or the Company in
connection with the transactions contemplated by this Agreement contains or will
contain any untrue statement of a material fact or omits or will omit to state a
material fact necessary to be stated in order to make the statements contained
herein or therein not misleading.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4. REPRESENTATIONS
AND WARRANTIES OF BUYER

     

    Buyer
represents and warrants to the Company and the Seller, both as of the date of
this Agreement and as of the date of the Closing, as follows:

     

    4.1            Authorization
of Agreement.  The Buyer is fully able, authorized and
empowered to execute and deliver this Agreement, and any other agreement or
instrument contemplated by this Agreement, and to perform his, her or its
obligations contemplated hereby and thereby. This Agreement, and any such other
agreement or instrument, upon execution and delivery by Buyer (and assuming due
execution and delivery hereof and thereof by the other parties hereto and
thereto), will constitute the legal, valid and binding obligation of each of the
Buyer, in each case enforceable against each of them in accordance with its
terms, except as such enforceability may be limited by applicable bankruptcy,
insolvency, moratorium, reorganization or similar laws from time to time in
effect which affect creditors' rights generally and by legal and equitable
limitations on the availability of specific performance and other equitable
remedies against the Buyer under or by virtue of this Agreement or such other
agreement or instrument.

     

    4.2            No Buyer
Defaults.  Neither the execution and delivery of this
Agreement, nor the consummation of the transaction contemplated hereby, will (i)
violate, conflict with or result in the breach or termination of, or otherwise
give any other contracting party the right to terminate, or constitute a default
under the terms of, any mortgage, bond, indenture or material agreement to which
the Buyer is a party or by which the Buyer or any of their property or assets
may be bound or materially affected, (ii) violate any judgment, order,
injunction, decree or award of any court, administrative agency or governmental
body against, or binding upon, the Buyer or upon the property of the Buyer, or
(iii) constitute a violation by the Buyer of any applicable law or regulation of
any jurisdiction as such law or regulation relates to Buyer or to the property
of the Buyer.

     

    4.3           No
Litigation, Etc.  There is no material suit, action, or legal,
administrative, arbitration or other proceeding or governmental investigation
pending or, to Buyer's best knowledge, threatened against, materially affecting
or which will materially affect, the property of the Buyer.

     

    4.4           Investment
Intent.  The Buyer is acquiring the securities being purchased
pursuant to this Agreement for its own account and for investment purposes and
not with a view to distribution or resale, nor with the intention of selling,
transferring or otherwise disposing of all or any part of the Shares except in
compliance with all applicable provisions of the Securities Act, the rules and
regulations promulgated by the SEC thereunder, and applicable state securities
laws.

     

    4.5           Disclosure
of Information.  The Buyer has
access to review all the SEC Reports and Buyer has had an opportunity to discuss
the business, management, financial affairs and the terms and conditions of the
offering of the Shares with Seller.  The Buyer understands that the
Company is a shell, as defined in Rule 12b-2 of the Exchange Act.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.6           Restricted
Stock.  The Buyer
understands that the Shares have not been, and will not be, registered under the
Securities Act, by reason of a specific exemption from the registration
provisions of the Securities Act which depends upon, among other things, the
bona fide nature of the investment intent and the accuracy of the Buyer’s
representations as expressed herein. The Buyer understands that the Shares
constitute “restricted securities” under applicable U.S. federal and state
securities laws and that, pursuant to these laws, the Buyer must hold the Shares indefinitely
unless they are registered with the Securities and Exchange Commission and
qualified by state authorities, or an exemption from such registration and
qualification requirements is available.

     

    4.7           No Public
Market.  The Buyer
understands that no public market now exists for any of the securities issued by
the Company, and that the Company has made no assurances that a public market
will ever exist for the Common Stock.

     

    4.8           Legend.  The
Buyer understands that all certificates representing securities of the Company
received by it pursuant to this Agreement shall bear the following legend, or
one substantially similar thereto:

     

    “The
securities represented by this certificate have not been registered under the
Securities Act of 1933.  The shares have been acquired for investment
and may not be sold, transferred or assigned in the absence of an effective
registration statement for those shares under the Securities Act of 1933, as
amended, or an opinion satisfactory to the Company's counsel that registration
is not required under said Act.”

     

    5. PRE-CLOSING
COVENANTS AND AGREEMENTS OF THE PARTIES

     

    The
Seller and the Company and the Buyer (as to covenants they expressly are
providing below in this Section 5 hereby covenant and agree that, from the date
hereof and until the Closing:

     

    5.1           Access.  The
Company (and its subsidiaries) shall afford to the officers, attorneys,
accountants and other authorized representatives of the Buyer free and full
access, during regular business hours and upon reasonable notice, to the
Company's books, records, personnel and properties (including, without
limitation, the work papers prepared by its auditors) so that the Buyer may have
full opportunity to make such review, examination and investigation as it may
desire of the Company's business and affairs.  The Company will cause
its employees, accountants and attorneys to cooperate fully with said review,
examination and investigation and to make full disclosure to the Buyer of all
material facts affecting the Company's financial conditions and business
operations.

     

    5.2           Conduct
of Business.  The Company shall each conduct its business only
in the ordinary and usual course and make no material change
thereto.

     

    5.3           Liabilities.  Neither
the Company shall incur any obligation or liability, absolute and continent,
except as in the ordinary course of its business.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.4           No
Breach.  Each of the parties hereto will (i) use its best
efforts to assure that all of its respective representations and warrants
contained herein are true in all material respects at and as of the date hereof,
and as of the Closing no breach shall occur with respect to any of the parties'
covenants, representations or warranties contained herein that has not been
cured by the Closing; (ii) not voluntarily take any action or do anything which
will cause a material breach of or default respecting such covenants,
representations or warranties; and (iii) promptly notify the other of any event
or fact which represents a breach or default.

     

    5.5           Other
SEC/FINRA Filings.  The Company shall file with the SEC and the
FINRA (if required) all required forms and disclosure items in a timely manner
(which forms and disclosure items must be approved by legal counsel to the
Company and the Buyer prior to filing and/or disclosure) required and/or
relating to this Agreement or otherwise.

     

    5.6           Public
Announcements.  No party hereunder shall, without the express
prior written consent of the Company and the Buyer make any announcement or
otherwise disclose any information regarding this Agreement and/or the
transactions contemplated hereby other than as required by law or otherwise
deemed advisable in counsel's opinion to ensure compliance with public
disclosure requirements under the federal securities laws; provided, however,
that the parties hereto agree that the Company, following the closing of the
Purchase, shall file a Current Report on Form 8-K with the SEC in the period
proscribed by applicable law.

     

    5.7           Brokers.  Each
of the Company and the Seller on the one hand, and the Buyer on the other hand
represent and warrant to the other that neither has employed any broker, finder
or similar agent and no person or entity with which each has had any dealings or
communications of any kind is entitled to any brokerage, finder's or placement
fee or any similar compensation in connection with this Agreement or the
transaction contemplated hereby.

     

    5.8           Expenses.  Each
of the parties hereto agrees to bear its own expenses in connection with the
negotiation, preparation, execution and delivery of this Agreement and the
consummation of the transaction contemplated hereby.

     

    5.9           Further
Assurances.  Each of the parties shall execute such documents
or other papers and take such further actions as may be reasonably required or
desirable to carry out the provisions hereof and the transactions contemplated
in this Agreement.

     

    
      	
              6.  

            	
              NATURE
      AND SURVIVAL OF REPRESENTATIONS AND
WARRANTIES

            

    

     

    6.1           Nature of
Statements.  All statements contained in any Exhibit,
certificate or other instruments delivered by or on behalf of any party hereto
pursuant to this Agreement, shall be deemed representations and warranties by
such party.

     

    6.2           Survival
of Representations and Warranties.  Regardless of any
investigation at any time made by or on behalf of any party hereto or of any
information any party may have in respect thereof, all covenants, agreements,
representations and warranties made hereunder or pursuant hereto or in
connection with the transaction contemplated hereby shall survive the Closing
and continue in effect through the first anniversary of the
Closing.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    7. CONDITIONS
PRECEDENT TO THE OBLIGATIONS OF THE BUYER

     

    The
obligations of the Buyer to effectuate the Closing is subject to the
fulfillment, prior to the date of Closing, of each of the following conditions
(any one or more of which may be waived by the Buyer unless such condition is a
requirement of law).

     

    7.1           Representations
and Warranties.  All representations and warranties of the
Company and the Seller contained in this Agreement and in any written statement,
Exhibit or other documents delivered pursuant hereto or in connection with the
transactions contemplated hereby shall be true and correct in all material
respects as of the date hereof and as of the Closing Date.

     

    7.2           Covenants.  The
Company and the Seller shall have performed and complied in all material
respects with all covenants and other agreements required by (or contained in)
this Agreement to be performed or complied with or by them prior to or at the
Closing Date.

     

    7.3           No
Actions.  No action, suit, proceeding or investigation shall
have been instituted against the Seller or the Company, and be continuing before
a court or before or by a governmental body or agency, and be unresolved, to
restrain or to prevent or to obtain damages in respect of, the carrying out of
the transactions contemplated hereby or which might materially and adversely
affect the rights of the Buyer to consummate the transactions contemplated
hereby.

     

    7.4           Approvals.  The
Seller and the Company shall have obtained all approvals and consents to
consummate this Agreement and the transactions to be consummated at or
immediately following the Closing, in accordance with all applicable laws, rules
and regulations.

     

    7.5           Due
Diligence.  The Buyer shall have completed to its sole
satisfaction its due diligence of the Company, the Seller and all other items it
deems necessary and/or advisable, and shall be satisfied with the results
thereof.

     

    7.6           Closing
Documents.  The Buyer shall receive all of the documents
(executed where applicable) set forth in Section 2.2 and Section 2.3 of this
Agreement, which documents shall be in form and substance reasonably
satisfactory to Buyer and its legal counsel.

     

    7.7           Resignation
of Officers and Directors. Effective on the Closing Date, all officers
and directors of the Company shall have resigned as officers and directors of
the Company and they shall have appointed the Buyer as the President, Chief
Executive Officer and a director of the Company.

     

    7.8           Form
10-Q.  The Company shall have filed its annual report on Form
10-Q for the quarter ended June 30, 2009 with the Securities and Exchange
Commission (“SEC”).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              8.  

            	
              CONDITIONS
      PRECEDENT TO THE OBLIGATION TO THE COMPANY AND THE SELLER TO
      CLOSE

            

    

     

    The
obligations of the Company and the Seller to effectuate the Closing is subject
to the fulfillment, prior to the date of Closing, of each of the following
conditions (any one or more of which may be waived by the Buyer unless such
condition is a requirement of law).

     

    8.1           Representations
and Warranties.  All representations and warranties of the
Buyer contained in this Agreement and in any written statement, Exhibit or other
documents delivered pursuant hereto or in connection with the transactions
contemplated hereby shall be true and correct in all material respects as of the
date hereof  and as of the Closing Date.

     

    8.2           Covenants.  The
Buyer shall have performed and complied in all material respects with all
covenants and other agreements required by (or contained in) this Agreement to
be performed or complied with by it prior to or at the Closing.

     

    8.3           No
Actions.  No action, suit, proceeding or investigation shall
have been instituted against the Buyer, and be continuing before a court or
before or by a governmental body or agency, and be unresolved, to restrain or to
prevent or to obtain damages in respect of, the carrying out of the transactions
contemplated hereby, or which might materially and adversely affect the rights
of the Seller and the Company to consummate the transactions contemplated
hereby.

     

    8.4           Approvals.  The
Buyer shall have obtained all required consents and approvals to this Agreement
and the transactions to be consummated at or immediately following the Closing,
in accordance with all applicable laws, rules and regulations.

     

    8.5           Closing
Documents.  The Seller and/or the Company shall receive all of
the documents set forth in Section 2.4 of this Agreement, which documents shall
be in form and substance reasonably satisfactory to such parties and their legal
counsel.

     

    
      	
              9.  

            	
              INDEMNIFICATION
      BY THE COMPANY AND THE SELLER

            

    

     

    9.1           Claims
Against the Company and the Seller.

     

    (a)           The
Company and the Seller, jointly and severally, shall indemnify and hold the
Buyer harmless from and against any loss, damage or expense (including
reasonable attorneys' fees) caused by or arising out of any claim made against
the Company:

     

    (i) for any
broker's or finder's fee or any similar fee, charge or commission incurred by
the Company and/or the Seller prior to or in connection with this Agreement or
the transaction contemplated hereby;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ii) for any
foreign, Federal, state or local tax of any kind arising out of or by reason of
the existence or operations of the Company and/or the Seller prior to the
Closing, including, without limitation, any payroll taxes owed by the Company on
account of compensation paid to any employee of the Company prior to such
date;

     

    (iii) in
respect of any salary, bonus, wages or other compensation of any kind owed by
the Company to its employees for services rendered on or prior to the
Closing;

     

    (iv) for any
damages to the environment caused by or arising out of any pollution resulting
from or otherwise attributable to the operation of the business of the Company
prior to the Closing;

     

    (v) in
respect of any payable of the Company incurred prior to the
Closing;

     

    (vi) in
respect of any liability or indebtedness for borrowed money or otherwise
incurred on or before the Closing, including, without limitation, with respect
to the execution and performance of this Agreement; and

     

    (vii) for
expenses required to be borne by the Company and/or the Seller under the
provisions of this Agreement.

     

    (b)           Other
Matters.  The Company and the Seller, jointly and severally,
shall also indemnify and hold the Buyer harmless from and against any loss,
damage or expense (including reasonable attorneys' fees) caused by or arising
out of (i) any breach or default in the performance by the Company and the
Seller of any covenant or agreement of the Company and the Seller contained in
this Agreement, (ii) any breach of warranty or inaccurate or erroneous
representation made by the Company and the Seller herein or in any Exhibit,
certificate or other instrument delivered by or on behalf of the Company and the
Seller pursuant hereto, and (iii) any and all actions, suits, proceedings,
claims, demands, judgments, costs and expenses (including reasonable legal and
accounting fees) incident to any of the foregoing.

     

    10. INDEMNIFICATION
BY BUYER

     

    The Buyer
shall indemnify and hold harmless the Seller from and against all loss, damage
or expense (including reasonable attorneys' fees) caused by or arising out of
(i) any breach or default in the performance by the Buyer of any covenant or
agreement of the Buyer contained in this Agreement, (ii) any breach of warranty
or inaccurate or erroneous representation made by the Buyer herein or in any
certificate or other instrument delivered by or on behalf of the Buyer pursuant
hereto and (iii) any and all actions, suits, proceedings, claims, demands,
judgments, costs and expenses (including reasonable legal and accounting fees)
incident to the foregoing.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    11. NOTICE
AND OPPORTUNITY TO DEFEND

     

    Promptly
after the receipt by Buyer or the Company and/or the Seller of notice of any
action, proceeding, claim or potential claim (any of which is hereinafter
individually referred to as a “Circumstance”) which could
give rise to a right to indemnification under this Agreement, such party (the
“Indemnified Party”)
shall give prompt written notice to the party or parties who may become
obligated to provide indemnification hereunder (the “Indemnifying
Party”).  Such notice shall specify in reasonable detail the
basis and amount, if ascertainable, of any claim that would be based upon the
Circumstance.  The failure to give such notice promptly shall relieve
the Indemnifying Party of its indemnification obligations under this Agreement,
unless the Indemnified Party establishes that the Indemnifying Party either had
knowledge of the Circumstance or was not prejudiced by the failure to give
notice of the Circumstance.  The Indemnifying Party shall have the
right, at its option, to compromise or defend the claim, at its own expense and
by its own counsel, and otherwise control any such matter involving the asserted
liability of the Indemnified Party, provided that any such compromise or control
shall be subject to obtaining the prior written consent of the Indemnified Party
which shall not be unreasonably withheld. An Indemnifying Party shall not be
liable for any costs of settlement incurred without the written consent of the
Indemnifying Party.  If any Indemnifying Party undertakes to
compromise or defend any asserted liability, it shall promptly notify the
Indemnified Party of its intention to do so, and the Indemnified Party agrees to
cooperate fully with the Indemnifying Party and its counsel in the compromise of
or defense against any such asserted liability.  All costs and
expenses incurred in connection with such cooperation shall be borne by the
Indemnifying Party, provided such costs and expenses have been previously
approved by the Indemnifying Party. In any event, the Indemnified Party shall
have the right at its own expense to participate in the defense of an asserted
liability.

     

    12. MISCELLANEOUS

     

    12.1            Successors
and Assigns.  This Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and their respective heirs,
successors and assigns.  No assignment of this Agreement or of any
rights hereunder shall relieve the assigning party of any of its obligations or
liabilities hereunder.

     

    12.2            Notices.
All notices or other communications required or permitted to be given
hereunder shall be in writing and shall be deemed to have been duly given if
delivered by hand, overnight courier, facsimile transmission or prepaid cable or
telegram and confirmed in writing, or mailed first class, postage prepaid, by
registered or certified mail, return receipt requested (mailed notices and
notices sent by facsimile transmission, cable or telegram shall be deemed to
have been given on the date sent) as follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    If to the
Seller, as follows:

    

    Fenario,
Inc.

    410 Park
Avenue

    New York,
NY 11002

    Attn.
Uziel Leibowitz

    

     

    If to the
Buyer, as follows:

    

    Gurpartap
(Gary) Singh Basrai

    _______________

    _______________

    Attn.
_____________

    

    

    or in any
case to such other address or addresses as hereafter shall be furnished as
provided in this Section 12.2 by either of the parties hereto to the other party
hereto.

     

    12.3            Waiver;
Remedies.  No delay on the part of any of the Seller, the
Company or Buyer in exercising any right, power or privilege hereunder shall
operate as a waiver thereof, nor shall any waiver on the part of the Seller, the
Company or Buyer of any right, power or privilege hereunder operate as a waiver
of any other right, power or privilege hereunder, nor shall any single or
partial exercise of any right, power or privilege hereunder preclude any other
or further exercise of any other right, power or privilege
hereunder.  The rights and remedies herein provided are cumulative and
are not exclusive of any rights or remedies which the parties hereto may
otherwise have at law or in equity.

     

    12.4            Entire
Agreement.  This Agreement constitutes the entire agreement
between the parties with respect to the subject matter hereof and supersedes all
prior agreements or understandings (in writing, oral or otherwise) of the
parties relating thereto.

     

    12.5            Amendment.  This
Agreement may be modified or amended only by written agreement of the parties
hereto.

     

    12.6            Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
deemed an original but all of which together shall constitute a single
instrument.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    12.7
Governing
Law.  This Agreement shall be governed by and construed
exclusively in accordance with the internal laws of the State of New York
without regard to the conflicts of laws principles thereof.  The
parties hereto hereby expressly and irrevocably agree that any suit or
proceeding arising directly and/or indirectly pursuant to, arising out of or
under this Agreement, shall be brought solely and exclusively in a federal or
state court located in the City of New York.  By its execution hereof,
the parties hereby expressly covenant and irrevocably submit to the in personam jurisdiction
of the federal and state courts located in the City of New York and agree that
any process in any such action may be served upon any of them personally, or by
certified mail or registered mail upon them or their agent, return receipt
requested, with the same full force and effect as if personally served upon them
in the City of New York.  The parties hereto expressly and irrevocably
waive any claim that any such jurisdiction is not a convenient forum for any
such suit or proceeding and any defense or lack of in personam jurisdiction
with respect thereto.  In the event of any such action or proceeding,
the party prevailing therein shall be entitled to payment from the other party
hereto of its reasonable counsel fees and disbursements in an amount judicially
determined.

     

    12.8            Captions.  All
Section titles or captions contained in this Agreement, in any Exhibit referred
to herein or in any Exhibit annexed hereto are for convenience only, shall not
be deemed a part of this Agreement and shall not affect the meaning or
interpretation of this Agreement.

     

    12.9           Confidential
Information.  Each party agrees that such party and its
representatives will hold in strict confidence all information and documents
received from the other parties and, if the transactions herein contemplated
shall not be consummated, each party will continue to hold such information and
documents in strict confidence and will return to such other party all such
documents (including the documents annexed to this Agreement) then in such
receiving party's possession without retaining copies thereof, provided, however,
that each party's obligations under this Section 12.9 to maintain such
confidentiality shall not apply to any information or documents that are in the
public domain at the time furnished by the others or that become in the public
domain thereafter through any means other than as a result of any act of the
receiving party or of its agents, officers, directors or stockholders which
constitutes a breach of this Agreement, or that are required by applicable law
to be disclosed.

     

    13. TERMINATION
AND WAIVER

     

    13.1            Termination.  Notwithstanding
anything herein or elsewhere to the contrary; this Agreement may be terminated
and the transactions provided for herein abandoned at any time prior to the
Closing as follows:

     

    (a)           By
mutual written consent of the Buyer, Company and the Seller; or

     

    (b)           By
the Company, the Seller or the Buyer on October 31, 2009, if the Closing does
not occur prior to such date (unless extended by the parties or unless the
failure to close is the result of the actions of the Company or the Seller, in
which case, Buyer shall have the option of terminating this Agreement on such
date).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    13.2            Waiver.  Any
condition to the performance of any party hereto which legally may be waived on
or prior to the Closing may be waived at any time by the party entitled to the
benefit thereof by action taken or authorized by an instrument in writing
executed by the relevant party or parties.  The failure of any party
at any time or times to require performance of any provision hereof shall in no
manner affect the right of such party at a later time to enforce the
same.  No waiver by any party of the breach of any term, covenant,
representation or warranty contained in this Agreement as a condition to such
party's obligations hereunder shall release or affect any liability resulting
from such breach, and no waiver of any nature, whether by conduct or otherwise,
in any one or more instances, shall be deemed to be or construed as a further or
continuing waiver of any such condition or of any breach of any other term,
covenant, representation or warranty of this Agreement.

     

     

    Remainder
of page intentionally left blank

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and
delivered on the day and year first above written.

    

    

    FENARIO,
INC.

    

    

    By:/s/ Uziel
Leibowitz

    Name:
Uziel Leibowitz

    Title:   President

    

    

    

    SELLER:

    

    

    :/s/ Uziel
Leibowitz__

    Uziel
Leibowitz

    

    

    

    BUYER:

    

    

    /s/ Gurpartap (Gary) Singh
Basrai

    Gurpartap
(Gary) Singh Basrai

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00164-of-00352.parquet"}]]