Document:

Exhibit 10.2

 

DEBT PURCHASE
AGREEMENT

 

 

This
Debt Purchase Agreement (this “Debt Purchase Agreement”) is made and entered into effective as of July 27, 2011
by and among Galileo Partners, LLC, a California limited liability company (“Assignee”), Greentree Financial Group
Inc., a Florida corporation (“Assignor”), and Bluesky Systems Holdings, Inc., a Nevada corporation (“Maker”).

 

WHEREAS,
the parties to this Debt Purchase Agreement desire that $15,000 in principal amount of that certain $90,000 principal amount Promissory
Note, dated July 12, 2011 (the “Promissory Note”), which Promissory Note was exchanged for a like principal amount
Promissory Note dated September 17, 2010 pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended, and was executed
between Assignor and Maker, to be sold and assigned from Assignor to Assignee.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows:

 

1.                  
Transfer and Assignment. As permitted by Maker, Assignor hereby sells, assigns, transfers, and conveys unto Assignee
its partial rights and interests of $ 15,000 in principal of the Promissory Note in exchange for payments in the amount of $15,000
from the Assignee. The remaining rights and interests in the balance of the Promissory Note (if any) will remain with Assignor.

 

2.                  
Consideration. $15,000 plus other good and valuable consideration from Assignee to Assignor to be paid through escrow.

 

3.                  
Conversion. Notwithstanding anything in the Promissory Note to the contrary, conversion of the principal amount
of ($15,000) being assigned hereunder into shares of Maker’s common stock shall be in accordance with the formula contained
in the Promissory Note, provided that conversion of more than $5,000 of the Promissory Note in the aggregate shall
be subject to the approval of the Maker’s Board of Directors.

 

4.                  
Agreement to be Bound. Maker agrees to be bound by all the terms and conditions applicable to Assignor under the
Promissory Note.

 

5.                  
Entire Agreement. This Debt Purchase Agreement embodies the entire agreement between Assignor and Assignee and supersedes
any prior agreements, whether written or oral with respect to the subject matter hereof.

 

6.                  
Successors. This Debt Purchase Agreement shall be binding upon and shall inure to the benefit of each of the parties
to this Debt Purchase Agreement and each of their respective successors and assigns.

 

7.                  
Counterparts. This Debt Purchase Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original as against any party whose signature appears thereon and all of which together shall constitute one instrument.

IN
WITNESS WHEREOF, the parties hereto have caused this Debt Purchase Agreement to be duly executed and delivered as of the date
first written above.

	 	ASSIGNEE

         

	 	By:/s/
        Steve Antebi

        Name:Steve
        Antebi

        Title:Managing Member

         

	 	ASSIGNOR

         

	 	GREENTREE FINANCIAL GROUP,
        INC.

         

 

	 	By:/s/
        R. Chris Cottone 

        Name:R.
        Chris Cottone

        Title:Vice President

         

 

 

    	(1)

    	 

    

 

	ACCEPTED, ACKNOWLEDGED
        AND APPROVED:

         
	 
	MAKER

         
	 
	BLUESKY SYSTEMS CORP

         
	 
	 

        By:/s/
        Duane Bennett

        Name:Duane
        Bennett

        Title:President

 

        
	 

 

    	(2)

    	 

    

CONVERSION
NOTICE

Reference
is made to Convertible Promissory Note, dated July 12, 2011, in $90,000 original principal amount (the “Note”)
by and between Bluesky Systems Holdings, Inc. a Nevada corporation (“Debtor” or the “Company”) and Greentree
Financial Group, Inc. (“Assignor”), which was partially assigned to Galileo Partners, LLC as Assignee (“Assignee”)
in the amount of $15,000. In accordance with any pursuant to the terms of the Note, the undersigned elects to convert $15,000
principal amount of the Note into shares of common stock of the Company as specified below:

	Date of Conversion	 	_____________,
    2011
	Total
    Amount of Note to be converted	 	$_____________
	 	 	 
	Please confirm the following
    information:	 	 
	 	 	 
	Number of shares of Common Stock to be issued	 	 
	 	 	 
	Please issue Common Stock into which
    the $_________ principal amount of the Note is being converted as follows:
	 	 	 
	Issue
                                                          to: ________________________________
 ________________________________

                                                          ________________________________

         
	 	 

 

	 	Galileo
                                                                      Partners, LLC

         

         

	 	By:

        Name:Steve
        Antebi

        Title:President

         

         

	ACKNOWLEDGED
                                                          AND APPROVED:

         
	 
	BLUESKY
                                                          SYSTEMS CORP

         

         
	 
	By:

        Name:Duane
        Bennett

        Title:PresidentMORN_Exhibit_10.1_6.30.2011

Exhibit 10.1

NONSTATUTORY STOCK OPTION AWARD AGREEMENT
UNDER THE
MORNINGSTAR, INC. 2004 STOCK INCENTIVE PLAN,  AS AMENDED
This NONSTATUTORY STOCK OPTION AWARD AGREEMENT ("Agreement") is made effective [•] (the "Grant Date"), and is between Morningstar, Inc., an Illinois corporation (the "Company"), and «Employee» (the "Participant").  Any term capitalized but not defined in this Agreement will have the meaning set forth in the Morningstar, Inc. 2004 Stock Incentive Plan, as amended (the "Plan").
1.    Option Grant and Number of Shares.  In accordance with the terms of the Plan and subject to the terms and conditions of the Plan and this Agreement, the Company grants to the Participant a Nonstatutory Stock Option to purchase all or any part of an aggregate of «Q2_Grant_» Shares of the Company (the "Option").  
2.    Exercise Price and Payment of Exercise Price.  The Exercise Price of each Share subject to the Option shall be $«Exercise Price».
After the Option has become exercisable, and before the Expiration Date indicated in Section 3 of this Agreement or, if earlier, the date on which the Option expires pursuant to Section 4 of this Agreement, the Participant may exercise this Option in accordance with Sections 6.6 and 6.7 of the Plan.
3.     Term and Exercisability of an Option.  The Option will become exercisable in installments, with each installment becoming exercisable on the "First Exercisable Date" shown below, if the Participant has remained in continuous Service until that date.
	
			
	Shares Subject to Option
	First Exercisable Date
	Expiration Date

	«Vest1»
	«VestDate1»
	«ExpDate»

	«Vest2»
	«VestDate2»
	«ExpDate»

	«Vest3»
	«VestDate3»
	«ExpDate»

	«Vest4»
	«VestDate4»
	«ExpDate»

4.    Termination of Service.  
(a)    If the Participant's Service is terminated by the Company for any reason other than Cause, the portion of the Option that is exercisable at the time of such termination shall remain exercisable until the earlier of (i) the Expiration Date set forth in Section 3 of this Agreement or (ii) the first anniversary of such termination.  The portion of the Option that is not exercisable at the time of such termination shall expire at the close of business on the date of such termination.
(b)    If the Participant's Service terminates on account of Disability or death of the Participant, the portion of the Option that is exercisable at the time of such termination shall remain exercisable until the earlier of (i) the Expiration Date set forth in Section 3 of this Agreement or (ii) the first anniversary of such termination.  The portion of the Option that is not exercisable at the time of such termination shall expire at the close of business on the date of such termination.
(c)    If the Participant's Service is terminated for Cause, the Option shall expire in its entirety as of the commencement of business on the date of such termination.

(d)    If the Participant's Service is terminated for any reason other than those described in subsections (a), (b) and (c) of this Section 4, the portion of the Option that is exercisable at the time of such termination shall remain exercisable until the earlier of (i) the Expiration Date set forth in Section 3 of this Agreement or (ii) 90 days from the date of such termination.  The portion of the Option that is not exercisable at the time of such termination shall expire at the close of business on the date of such termination.
5.    Notice.  Except as otherwise specified by the Company in its administrative procedures under the Plan, any notice or other communication required or permitted under this Agreement must be in writing and must be delivered personally, sent by certified, registered or express mail, or sent by overnight courier, at the sender's expense.  Notice will be deemed given when delivered personally or, if mailed, three days after the date of deposit in the United States mail or, if sent by overnight courier, on the regular business day following the date sent.  Notice to the Company should be sent to Morningstar, Inc., 22 West Washington Street, Chicago, Illinois, 60602, Attention: General Counsel.  Notice to the Participant should be sent to the address in the records of the Company.  Either party may change the person and/or address to whom the other party must give notice under this Section by giving such other party written notice of such change, in accordance with the procedures described above.
6.    Plan Document Controls.  The rights granted under this Agreement are in all respects subject to the provisions set forth in the Plan to the same extent and with the same effect as if set forth fully in this Agreement.  The Plan is incorporated herein by reference and made a part hereof, but the terms of the Plan shall not be considered an enlargement of any benefits under this Agreement.  Wherever a conflict may arise between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall control solely to the extent necessary to resolve such conflict.  In addition, the Option granted hereunder is subject to any rules and regulations promulgated by the Committee pursuant to the Plan, now or hereafter in effect.
7.    Amendment of Agreement.  The Company and the Participant may amend this Agreement only by a written instrument signed by both parties.
8.    Counterparts.  The parties may execute this Agreement in one or more counterparts, all of which together shall constitute but one Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Nonstatutory Stock Option Award Agreement as of the Grant Date set forth above.
	
		
	PARTICIPANT

«Employee»
Please return by: «Return Date»
	MORNINGSTAR, INC.
By: _________________________________
Its:   _________________________________

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