Document:

EX-10.1

 Exhibit 10.1 

OTHER STOCK-BASED AWARD 

AND 
 RESTRICTED STOCK
UNIT AWARD AGREEMENT 
 This Agreement (this “Agreement”) is made and entered into as of March 23, 2015 (the
“Grant Date”) by and between PFSWEB, INC., a Delaware corporation (the “Company”) and the individual identified as the Grantee on the signature page hereof (the “Grantee”). 

WHEREAS, the Company has adopted the 2005 Employee Stock and Incentive Plan (the “Plan,” terms defined in the Plan
having the same meaning when so used herein) pursuant to which Other Stock-Based Awards and Restricted Stock Unit Awards may be granted; and 

WHEREAS, the Committee has approved the issuance of the Other Stock-Based Award and Restricted Stock Unit Award provided for herein.

 NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows: 

1. Grant of Other Stock-Based Award and Restricted Stock Units. Pursuant to (i) Article 13 of the Plan, the Company hereby issues
to the Grantee on the Grant Date an Other Stock-Based Award consisting of the number of shares of the Common Stock of the Company identified on the signature page hereof as the Vested Stock (the “Vested Stock”), which Vested Stock
shall be fully vested upon issuance; and (ii) Article 10 of the Plan, the Company hereby issues to the Grantee on the Grant Date an aggregate number of Restricted Stock Units set forth on the signature page hereof, on the terms and conditions
and subject to the restrictions set forth in this Agreement and the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. The
Restricted Stock Units shall be credited to a separate account maintained for the Grantee on the books and records of the Company (the “Account”). All amounts credited to the Account shall continue for all purposes to be part of the
general assets of the Company. 
 2. Consideration. The grant of the Vested Stock and Restricted Stock Units is made as a special
one-time grant in consideration of the services rendered by the Grantee to the Company during calendar year 2014. 
 3. Restricted
Period; Vesting. 
 3.1 Except as otherwise set forth herein, provided that the Grantee retains his Continuous Status as a Participant
through the applicable vesting date, the Restricted Stock Units will vest in accordance with the following schedule: 
  

			
	 Vesting Date
	  	 Number of Vested Restricted Stock Units

	December 31, 2015	  	33.33% of the number of Restricted Stock Units
	December 31, 2016	  	33.33% of the number of Restricted Stock Units
	December 31, 2017	  	33.34% of the number of Restricted Stock Units

 The period over which the Restricted Stock Units vests is referred to as the “Restricted
Period”. 
 3.2 The foregoing vesting schedule notwithstanding, (x) in the event of the Grantee’s death, or (y) if
the Grantee’s Continuous Status as a Participant is terminated by the Company or an Affiliate for Disability or without Cause, or (z) if the Grantee’s Continuous Status as a Participant is terminated by the Grantee for Good Reason,
then, 100% of the unvested Restricted Stock Units shall vest as of the date of such termination. 
 3.3 Subject to Section 8 hereof,
promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of
Common Stock equal to the number of vested Restricted Stock Units (rounded up to the nearest whole share); and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock
delivered to the Grantee. 
 3.4 If the Grantee is deemed a “specified employee” within the meaning of Section 409A of the
Code, as determined by the Committee, at a time when the Grantee becomes eligible for settlement of the Restricted Stock Units upon his/her “separation from service” within the meaning of Section 409A of the Code, then to the extent
necessary to prevent any accelerated or additional tax under Section 409A of the Code, such settlement will be delayed until the earlier of: (a) the date that is six months following the Grantee’s separation from service and
(b) the Grantee’s death. 
 4. Restrictions. Subject to any exceptions set forth in this Agreement or the Plan, during the
Restricted Period, the Restricted Stock Units or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee. Any attempt to assign, alienate, pledge, attach, sell or
otherwise transfer or encumber the Restricted Stock Units or the rights relating thereto during the Restricted Period shall be wholly ineffective and, if any such attempt is made, the Restricted Stock Units will be forfeited by the Grantee and all
of the Grantee’s rights to such shares shall immediately terminate without any payment or consideration by the Company. 
 5. No
Rights as Shareholder; No Dividends. 
 5.1 The Grantee shall have no rights in, to or under the shares of Common Stock to be issued
upon the vesting of the Restricted Stock Units unless and until the vesting conditions set forth herein are satisfied and, until such date, shall have no rights of a shareholder of the Company including, without limitation, no right to vote such
shares and no right to receive any dividends or other distributions paid with respect to such shares. 
 5.2 Upon vesting of the Restricted
Stock Units, the Company may issue stock certificates or evidence the Grantee’s interest therein by using a book entry account with the Company’s transfer agent. 

6. No Right to Continued Service. Neither the Plan nor this Agreement shall confer upon the Grantee any right to be employed or
retained in any position by the Company or any 

 
Affiliate thereof. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company to terminate the Grantee’s Continuous Status as a Participant at
any time, with or without Cause. 
 7. Adjustments. If any change is made to the outstanding Common Stock or the capital structure of
the Company, the shares of Common Stock to be issued hereunder shall be adjusted or terminated in any manner as contemplated by Article 16 of the Plan. 

8. Tax Liability and Withholding. The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct
from the Vested Stock and the shares of Common Stock to be issued upon the vesting of the Restricted Stock Units, the amount of any required withholding taxes in respect of the Vested Stock and the shares of Common Stock to be issued upon the
vesting of the Restricted Stock Units and to take all such other action as the Company deems necessary to satisfy all obligations for the payment of such withholding taxes. 

9. Confidentiality, Non-competition and Non-solicitation. 

9.1 In consideration of the issuance of the Awards herein, the Grantee agrees and covenants to comply with all of the terms and provisions
governing the Grantee’s employment by the Company or its Affiliates, including without limitation, any and all terms and provisions governing confidentiality, non-competition and non-solicitation. 

9.2 If the Grantee breaches any of the terms and provisions governing the Grantee’s employment by the Company or its Affiliates,
including without limitation, any and all terms and provisions governing confidentiality, non-competition, then, without limitation of any other right or remedy thereunder or available at law or in equity: 

(a) all unvested Restricted Stock Units shall be immediately forfeited; and 

(b) the Grantee hereby consents and agrees that the Company shall be entitled to seek, in addition to other available remedies, a temporary or
permanent injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction, without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and
without the necessity of posting any bond or other security. The aforementioned equitable relief shall be in addition to, not in lieu of, legal remedies, monetary damages or other available forms of relief. 

10. Compliance with Law. The issuance and transfer of shares of Common Stock hereunder shall be subject to compliance by the Company
and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s shares of Common Stock may be listed. No shares of Common Stock shall be
issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. 

 11. Notices. Any notice required to be delivered to the Company under this Agreement shall
be in writing and addressed to the Chief Financial Officer of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Grantee under this Agreement shall be in writing and addressed to the Grantee at
the Grantee’s address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time. 

12. Governing Law. This Agreement will be construed and interpreted in accordance with the laws of the State of Texas without regard to
conflict of law principles. 
 13. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by
the Grantee or the Company to the Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company. 

14. Restricted Stock Units Subject to Plan. This Agreement is subject to the Plan as approved by the Company’s shareholders. The
terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms
and provisions of the Plan will govern and prevail. 
 15. Successors and Assigns. The Company may assign any of its rights under
this Agreement. This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Grantee and the
Grantee’s beneficiaries, executors, administrators and the person(s) to whom the Restricted Stock Units may be transferred by will or the laws of descent or distribution. 

16. Severability. The invalidity or unenforceability of any provision of the Plan or this Agreement shall not affect the validity or
enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law. 

17. Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in
its discretion. The grant of the Restricted Stock Units in this Agreement does not create any contractual right or other right to receive any Restricted Stock Units or other Awards in the future. Future Awards, if any, will be at the sole discretion
of the Committee. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s employment with the Company or its Affiliates. 

18. Amendment. The Committee has the right to amend, alter, suspend, discontinue or cancel the Plan and Awards thereunder; provided,
that, no such amendment shall adversely affect the Grantee’s material rights under this Agreement without the Grantee’s consent. 

 19. No Impact on Other Benefits. The value of the Grantee’s Restricted Stock Units is
not part of his/her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit. 

20. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together
will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the
original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature. 

21. Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and understands
the terms and provisions thereof, and accepts the Other Stock Based Award and Restricted Stock Units subject to all of the terms and conditions of the Plan and this Agreement. The Grantee acknowledges that there may be adverse tax consequences upon
the grant or vesting of the Restricted Stock Units or disposition of the underlying shares and that the Grantee has been advised to consult a tax advisor prior to such grant, vesting or disposition. 

[next page is signature page] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written. 
  

			
	PFSweb, Inc.
		
	By:		  

			Michael Willoughby
			Chief Executive Officer

 
			
		
	Grantee:		  

			Print name
	
	  

	Signature of Grantee

  

			
	Number of Shares of Other Stock Based Award (Vested Stock):		  

 

			
	Number of Restricted Stock Units:EXHIBIT 10.1 

 

ESCROW AGREEMENT

 

AGREEMENT made as of the 6th
day of March 2015 by and between Blackhawk USA, Inc. (“Issuer”), and the Law Offices of Joseph L. Pittera, 2214 Torrance
Boulevard, Suite 101, Torrance, California 90501 (the “Escrow Agent”)

 

WITNESSETH

 

WHEREAS, the Issuer proposes to establish
with the Escrow Agent an escrow account (the “Escrow Account”), to which subscription monies which are received by
the Escrow Agent from the Issuer in connection with such public offering are to be credited, and the Escrow Agent is willing to
establish the Escrow Account on the terms and subject to the conditions hereinafter set forth; and

 

WHEREAS, the Escrow Agent has an agreement
with Bank of America or such other bank as selected by the Escrow Agent and reasonably acceptable to the Issuer to establish a
special bank account (the “Bank Account”) into which the subscription monies, which are received by the Escrow Agent
from the Issuer and credited to the Escrow Account, are to be deposited;

 

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

 

1.       Information Sheet. Each capitalized term not otherwise
defined in this Agreement shall have the meaning set forth for such term on the information sheet which is attached to this Agreement
and is incorporated by reference herein and made a part hereof (the “Information Sheet”).

 

2.       Establishment of the Bank Account.

 

2.1The Escrow Agent shall establish a non-interest bearing
bank account at the branch of Bank of America or such other bank as selected by the Escrow Agent and reasonably acceptable to the
Issuer, and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose
of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the
Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts
of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described
herein.

 

2.2The Offering Period, which shall be deemed to commence
on the date set forth in the Issuer’s Prospectus to be supplied to the Escrow Agent and to terminate on the date set forth
on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has
received written notice thereof as hereinabove provided), is referred to herein as the “Termination Date.” Except as
provided in Section 4.3 hereof, after the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept,
any additional amounts representing payments by prospective purchasers.

 

3.       Deposits to the Bank Account.

 

3.1The Issuer shall promptly deliver to the Escrow Agent
all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, cash,
or wire transfers. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks
delivered to the Escrow Agent shall be made payable to “Law Offices of Joseph L. Pittera, f/b/o 7Venture Group, Inc.”
Any check payable other than to the Escrow Agent as required hereby shall be returned to the Issuer, by noon of the next business
day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow
Agent pursuant to the terms of this Agreement.

 

3.2Promptly after receiving subscription monies as described
in Section 3.1, the Escrow Agent shall deposit the same into the Bank Account. Amounts of monies so deposited are hereinafter referred
to as “Escrow Amounts.” The Escrow Agent shall cause Bank of America to process all Escrow Amounts for collection through
the banking system. Simultaneously with each deposit to the Escrow Account, the Issuer shall inform the Escrow Agent in writing
of the name and address of the prospective purchaser, the amount of Securities subscribed for by such purchaser, and the aggregate
dollar amount of such subscription (collectively the “Subscription Information”).

 

3.3The Escrow Agent shall not be required to accept for
credit to the Escrow Account or for deposit into the Bank Account checks which are not accompanied by the appropriate Subscription
Information. Wire transfers and cash representing payments by prospective purchasers shall not be deemed deposited in the Escrow
Account until the Escrow Agent has received in writing the Subscription Information required with respect to such payments.

 

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3.4The Escrow Agent shall not be required to accept in the
Escrow Account any amounts representing payments by prospective purchasers, whether by check, cash or wire, except during the Escrow
Agent’s regular business hours.

 

3.5Only those Escrow Amounts, which have been deposited
in the Bank Account and which have cleared the banking system and have been collected by the Escrow Agent, are herein referred
to as the “Fund.”

 

3.6If the proposed offering is terminated before the Termination
Date, the Escrow Agent shall refund any portion of the Fund prior to disbursement of the Fund in accordance with Article 4 hereof
upon instructions in writing signed by the Issuer.

 

4.       Disbursement from the Bank Account.

 

4.1Subject to 4.3 below, if by the close of regular banking
hours on the Termination Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount or
the Minimum Securities Amount, as indicated by the Subscription Information submitted to the Escrow Agent, then in either such
case, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which
is then held in the Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing
checks on the Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow
Agent shall promptly notify the Issuer of its distribution of the Fund.

 

4.2Subject to 4.3 below, if at any time up to the close
of regular banking hours on the Termination Date, the Escrow Agent determines that the amount in the Fund is at least equal to
the Minimum Dollar Amount and represents the sale of not less than the Minimum Securities Amount, the Escrow Agent shall promptly
notify the Issuer of such fact in writing. The Escrow Agent shall promptly disburse the Fund, by drawing checks on the Bank Account
in accordance with instruction in writing signed by the Issuer as to the disbursement of the Fund, promptly after it receives such
instructions. In the event that cleared funds exceed the Minimum Dollar Amount, the Issuer may close on such excess funds when
it closes on the Minimum Dollar Amount or opt to close on such excess funds at a later date or dates. Such closing(s) may take
place by mutual agreement of the Issuer any time during or after the Offering Period, as, and if, extended.

 

4.3If the Escrow Agent has on hand at the close of business
on the Termination Date any uncollected amounts which when added to the Fund would raise the amount in the Fund to the Minimum
Dollar Amount, and result in the Fund representing the sale of the Minimum Securities Amount, the Collection Period (consisting
of the number of business days set forth on the Information Sheet) shall be utilized to allow such uncollected amounts to clear
the banking system. During the Collection Period, the Escrow Agent shall not deposit or accept, any additional amounts; provided,
however, that such amounts as were received by the Issuer by the close of business on the Termination Date may be deposited with
the Escrow Agent by noon of the next business day following the Termination Date. If at the close of business on the last day of
the Collection Period an amount sufficient to raise the amount in the Fund to the Minimum Dollar Amount and which would result
in the Fund representing the sale of the Minimum Securities Amount shall not have cleared the banking system, the Escrow Agent
shall promptly notify the Issuer in writing of such fact and shall promptly return all amounts then in the Fund, and any amounts
which thereafter clear the banking system, to the prospective purchasers as provided in Section 4.1 hereof.

 

4.4Upon disbursement of the Fund pursuant to the terms of
this Article 4, the Escrow Agent shall be relieved of all further obligations and relieved from all liability under this Agreement.
It is expressly agreed and understood that in no event shall the aggregate amount of payments made by the Escrow Agent exceed the
amount of the Fund.

 

5.       Rights, Duties and Responsibilities of Escrow Agent.
It is understood and agreed that the duties of the Escrow Agent are purely ministerial in nature, and that:

 

5.1The Escrow Agent shall notify the Issuer, on a daily
basis, of the Escrow Amounts which have been deposited in the Bank Account and of the amounts, constituting the Fund, which have
cleared the banking system and have been collected by the Escrow Agent.

 

5.2The Escrow Agent shall not be responsible for or be required
to enforce any of the terms or conditions of any agreement between the Issuer and third parties nor shall the Escrow Agent be responsible
for the performance by the Issuer of its respective obligations under this Agreement.

 

5.3The Escrow Agent shall not be required to accept from
the Issuer any Subscription Information pertaining to prospective purchasers unless such Subscription Information is accompanied
by checks, cash, or wire transfers meeting the requirements of Section 3.1, nor shall the Escrow Agent be required to keep records
of any information with respect to payments deposited except as to the names, addresses and amounts of such payments; however,
the Escrow Agent shall notify the Issuer promptly of any discrepancy between the amount set forth in any Subscription Information
and the amount delivered to the Escrow Agent therewith. Such amount need not be accepted for deposit in the Escrow Account until
such discrepancy has been resolved.

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5.4The Escrow Agent shall be under no duty or responsibility
to enforce collection of any check delivered to it hereunder. The Escrow Agent, within a reasonable time, shall return to the Issuer
any check received which is dishonored, together with Subscription Information, if any, which accompanied such check.

 

5.5The Escrow Agent shall be entitled to rely upon the accuracy,
act in reliance upon the contents, and assume the genuineness of any notice, instruction, certificate, signature, instrument or
other document which is given to the Escrow Agent pursuant to this Agreement without the necessity of the Escrow Agent verifying
the truth or accuracy thereof. The Escrow Agent shall not be obligated to make any inquiry as to the authority, capacity, existence
or identity of any person purporting to give any such notice or instructions or to execute any such certificate, instrument or
other document.

 

5.6If the Escrow Agent is uncertain as to its duties or
rights hereunder or shall receive instructions with respect to the Bank Account, the Escrow Amounts or the Fund which, in its sole
determination, are in conflict either with other instructions received by it or with any provision of this Agreement, it shall
be entitled to hold the Escrow Amounts, the Fund, or a portion thereof, in the Bank Account pending the resolution of such uncertainty
to the Escrow Agent’s sole satisfaction, by final judgment of a court or courts of competent jurisdiction or otherwise; or
the Escrow Agent, at its sole option, may deposit the Fund (and any other Escrow Amounts that thereafter become part of the Fund)
with the Clerk of a court of competent jurisdiction in a proceeding to which all parties in interest are joined. Upon the deposit
by the Escrow Agent of the Fund with the Clerk of any such court, the Escrow Agent shall be relieved of all further obligations
and released from all liability hereunder.

 

5.7The Escrow Agent shall not be liable for any action taken
or omitted hereunder, or for the misconduct of any employee, agent or attorney appointed by it, except in the case of willful misconduct
or gross negligence. The Escrow Agent shall be entitled to consult with counsel of its own choosing and shall not be liable for
any action taken, suffered or omitted by it in accordance with the advice of such counsel.

 

5.8The Escrow Agent shall have no responsibility at any
time to ascertain whether or not any security interest exists in the Escrow Amounts, the Fund or any part thereof or to file any
financing statement under the Uniform Commercial Code with respect to the Fund or any part thereof.

 

 

6.       Amendment; Resignation. This Agreement may be altered
or amended only with the written consent of the parties hereto. The Escrow Agent (and any successor escrow agent) at any time may
be discharged from its duties and obligations hereunder by the delivery to it of a notice of termination signed by the Company,
or at any time the Escrow Agent may resign by giving written notice to such effect to the Issuer. Upon any such termination or
resignation, the Escrow Agent shall deliver the Escrowed Amounts or the Fund to any successor escrow agent jointly designated by
the other parties hereto in writing, or to any court of competent jurisdiction if no such successor escrow agent is agreed upon,
whereupon the Escrow Agent shall be discharged of and from any and all further obligations arising in connection with this Escrow
Agreement. The termination of services or resignation of the Escrow Agent shall take effect on the earlier of (i) the appointment
of a successor (including a court of competent jurisdiction) or (ii) the day that is 30 days after the date of delivery: (A) to
the Escrow Agent of the other parties’ notice of termination or (B) to the other parties hereto of the Escrow Agent’s
written notice of resignation. If at that time the Escrow Agent has not received a designation of successor escrow agent, the Escrow
Agent’s sole responsibility after that time shall be to keep the Escrowed Amounts or the Fund safe until receipt of a designation
of a successor escrow agent or a joint written disposition instruction by the other parties hereto or an enforceable order of a
court of competent jurisdiction. Without limiting the provisions of Section 8 hereof, the resigning Escrow Agent shall be entitled
to be reimbursed by the Issuer for any expenses incurred in connection with its resignation, transfer of the Fund to a successor
escrow agent or distribution of the Fund pursuant to this Section 6.

 

7.       Representations and Warranties. The Issuer hereby
represents and warrants to the Escrow Agent that:

 

7.1No party other than the parties hereto and the prospective
purchasers have, or shall have, any lien, claim or security interest in the Escrow Amounts or the Fund or any part thereof.

 

7.2No financing statement under the Uniform Commercial Code
is on file in any jurisdiction claiming a security interest in or describing (whether specifically or generally) the Escrow Amounts
or the Fund or any part thereof.

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7.3The Subscription Information submitted with each deposit
shall, at the time of submission and at the time of the disbursement of the Fund, be deemed a representation and warranty that
such deposit represents a bona fide payment by the purchaser described therein for the amount of Securities set forth in such Subscription
Information.

 

7.4All of the information contained in the Information Sheet
is, as of the date hereof, and will be, at the time of any disbursement of the Fund, true and correct.

 

8.       Fees and Expenses. The Escrow Agent shall be entitled
to the Escrow Agent Fees set forth on the Information Sheet, payable as and when stated therein. In addition, the Issuer agrees
to reimburse the Escrow Agent for any reasonable expenses incurred in connection with this Agreement, including but not limited
to, reasonable counsel fees. Upon receipt of the Minimum Dollar Amount, the Escrow Agent shall have a lien upon the Fund to the
extent of its fees for services as Escrow Agent.

 

9.       Indemnification and Contribution.

 

9.1The Issuer (referred to as the “Indemnitor”)
agrees to indemnify the Escrow Agent and its officers, directors, employees, agents and shareholders (collectively referred to
as the “Indemnitees”) against and hold them harmless of and from, any and all loss, liability, cost, damage and expense,
including without limitation, reasonable counsel fees, which the Indemnitees may suffer or incur by reason of any action, claim
or proceeding brought against the Indemnitees arising out of or relating in any way to this Agreement or any transaction to which
this Agreement relates, unless such action claim or proceeding is the result of the willful misconduct or gross negligence of the
Indemnitees.

 

9.2If the indemnification provided for in Section 9.1 is
applicable, but for any reason is held to be unavailable, the Indemnitor shall contribute such amounts as are just and equitable
to pay, or to reimburse the Indemnitees for, the aggregate of any and all losses, liabilities, costs, damages and expenses, including
counsel fees, actually incurred by the Indemnitees as a result of or in connection with, and any such amount paid in settlement
of, any action, claim or proceeding arising out of or relating in any way to any actions or omissions of the Indemnitor.

 

9.3The provisions of the Article 9 shall survive any termination
of this Agreement, whether by disbursement of the Fund, resignation of the Escrow Agent or otherwise.

 

10.       Participating Broker/Dealers.

 

The Issuer will notify the Escrow Agent of the
names of any participating broker/dealers other than the Issuer and the Escrow Agent is authorized to accept subscription payments
from such broker/dealers and/or their customers.

 

11.       Governing Law and Assignment. This Agreement shall
be construed in accordance with and governed by the laws of the State of Delaware and shall be binding upon the parties hereto
and their respective successors and assigns; provided, however, that any assignment or transfer by any party of its rights under
this Agreement or with respect to the Escrow Amounts or the Fund shall be void as against the Escrow Agent unless (a) written notice
thereof shall be given to the Escrow Agent; and (b) the Escrow Agent shall have consented in writing to such assignment or transfer,
which consent shall not be unreasonably withheld or delayed.

 

12.       Notices. All notices required to be given in connection
with this Agreement shall be (a) delivered by hand or by facsimile (with confirmation of receipt), or (b) sent by registered or
certified mail, or by the Express Mail service offered by the United States Post Office with proper postage prepaid, and addressed
as follows:

 

If to the Issuer, to:

 

Black Hawk USA, Inc.

26632 Towne Centre Drive

Suite 300

Foothill Ranch, Ca. 92610

 

 

If to the Escrow Agent:

 

Law Offices of Joseph L. Pittera

2214 Torrance Boulevard

Suite 101

Torrance, California 90501

Telephone (310) 328-3588

Facsimile (310) 328-3063

 

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or to such other address as the person to whom notice is to be given
may have previously furnished to the others in the above-referenced manner. All such notices and communications, if mailed, shall
be effective, if to the Issuer, five days after deposited in the mails, and if to the Escrow Agent shall not be effective until
received. Notices of changes of address shall not be effective until received.

 

13.       Severability. If any provision of this Agreement
or the application thereof to any person or circumstance shall be determined to be invalid or unenforceable, the remaining provisions
of this Agreement or the application of such provision to persons or circumstances other than those to which it is held invalid
or unenforceable shall not be affected thereby and shall be valid and enforceable to the fullest extent permitted by law.

 

14.       Execution in Several Counterparts. This Agreement
may be executed in several counterparts or by separate instruments, and all of such counterparts and instruments shall constitute
one agreement, binding on all of the parties hereto.

 

15.       Entire Agreement. This Agreement constitutes the
entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings
(written or oral) of the parties in connection therewith.

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the day and year first above written.

 

 

Blackhawk USA, Inc.

 

 

 

By: /s/ Michael Flynn

President

 

Law Offices of Joseph L. Pittera

 

 

By: /s/ Joseph L. Pittera, Esq

        Joseph L. Pittera, Esq.

 

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ESCROW AGREEMENT INFORMATION
SHEET

 

	1.	The Issuer
	 	Name: Blackhawk USA, Inc.
	 	Address: 26632 Towne Centre Dr. Suite 300 
	 	 Foothill Ranch, CA 92610
	 	 
	 	State of Incorporation: Nevada
	 	 
	2.	The Escrow Agent
	 	Name: Law Offices of Joseph L. Pittera
	 	Address: 	2214 Torrance Boulevard
	 	 	Suite 101
	 	 	Torrance, California 90501
	 	 
	3.	The Securities
	 	Description of the Securities to be offered:  5,000,000 Shares of Common Stock
	 	 
	 	Offering Price per Share: $.50 per Share.
	 	 
	4.	Aggregate dollar amount which must be collected before the Escrow Account may be disbursed to the Issuer (“Aggregate Dollar Amount”): $10,000.00.
	 	 
	 	Total amount of securities which must be subscribed for before the Escrow Account may be disbursed to the Issuer (“Aggregate Securities Amount”): 20,000,000 Shares of Common Stock.
	 	 
	 	Maximum Amount – The maximum number of Shares to be sold is 5,000,000 Shares and the   maximum dollar amount is $2,500,000.00.
	 	 
	5.	Plan of Distribution of the Securities
	 	Offering Period: From the date of the Prospectus until July, 2015.
	 	Extension Period, if any: _____________, 2015 through_______________, 2015.
	 	Collection Period, if any: 10 business days.
	 	 
	6.	Title of Bank Account:
	 	Law Offices of Joseph L. Pittera Client Trust Account f/b/o Blackhawk USA, Inc.

 

 

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