Document:

Exhibit 10.1

 

THIS ASSET PURCHASE
AGREEMENT (the “Agreement”) is made and entered into as of December 17, 2014 among GGI INC., a Delaware corporation
and a majority owned subsidiary of INVESTVIEW, INC., a Nevada corporation (“Buyer”), GATE GLOBAL IMPACT inc ., a Delaware
corporation (the “Seller”).

 

WHEREAS, the
Seller is engaged in the business of developing and operating an electronic marketplace to facilitate impact investing through
its GATEway Platform (the “Business”); and

 

WHEREAS, the
Seller desires to sell, and the Buyer desires to purchase and acquire all of the Assets (as hereinafter defined) including, without
limitation, all intellectual property and contractual rights and the other assets designated in this Agreement and utilized in
the Seller’s Business;

 

NOW, THEREFORE,
in consideration of the mutual benefits to be derived from this Agreement and the representations, warranties, covenants, agreements,
conditions and promises contained herein and therein, the parties hereto hereby agree as follows:

 

ARTICLE 1. 

 

PURCHASE AND SALE OF ASSETS 

 

1.1. PURCHASE AND SALE
OF ASSETS. In accordance with the provisions of this Agreement, the Seller hereby sells, transfers, assigns and delivers free from
all liens, charges and encumbrances to the Buyer, and the Buyer hereby purchases, acquires and accepts from the Seller, the right,
title and interest in and to all of the properties and assets of the Seller (the “Assets”), including, without limitation,
the assets set forth on Schedule 1.1, and the following assets:

 

		(a)	the domain names listed on Schedule 1.1(a) and names and addresses of all registered users
of such domain names and together with any other historical data owned or in the possession of the Seller, whether containing information
concerning visitors to the domain names or otherwise, and all records relating thereto, and all records with respect to website
development, content development, product development, costs, and all procedures, research and development files, data and other
records listed; and

 

		(b)	all equipment and tangible personal property owned or leased by the Seller including, without limitation,
equipment and tangible personal property, laboratory equipment, office equipment, telephones, facsimile machines, desks, tables,
chairs and file cabinets (all of the foregoing collectively, the “Equipment”);

 

		(c)	the unused brochures, literature, advertising, catalogues, photographs, display materials, media
materials, packaging materials and other similar items which have been produced by or for the Seller;

 

		(d)	all contracts, agreements, arrangements, instruments and documents of the Seller relating to the
Business entered into or issued prior to the date hereof set forth on Schedule 1.1(d) (together with the leases and subleases,
the “Assumed Contracts”);

 

		(e)	such manufacturers’ guarantees and warranties, if any, relating to the Equipment as may be in force
at the Closing Date insofar as the same are capable of assignment and the benefit of any claims against such manufacturers relating
to the Equipment (including without limitation any claim for breach of the manufactures’ guarantees and warranties);

 

		(f)	all computer software used by Seller;

 

    	 

    	 

    

 

		(g)	the photographs, display materials, media materials, packaging materials, business plans, presentations,
and other similar items which have been produced by or for the Seller;

 

		(h)	the goodwill of the Seller in connection with the Business and the exclusive right to represent
itself as carrying on the Business in succession to Seller (the “Goodwill”); and

 

		(i)	all other assets (i.e., other than as described in paragraphs (a) - (h) above) and properties of
every nature whatsoever, without limitation, whether tangible and intangible, and wherever located of the Seller.

 

1.2. EXCLUDED LIABILITIES.

 

(a)            It
is expressly agreed and understood that the Buyer shall not assume any liabilities. Without limitation of the foregoing, Buyer
is not assuming any: (i) claims of patent infringement existing prior to and as of the date hereof (ii) liability for any Taxes
(as defined herein), (iii) Employee Plans (as defined herein), (iv) liabilities or obligations incurred on behalf or owed to any
employees of Seller, (v) liabilities or obligations of Seller for indebtedness to any of its shareholders or other equity owners
or to any person associated therewith, (vi) except as otherwise specifically provided herein, liabilities or obligations of Seller
for expenses with respect to this Agreement or any of the transactions contemplated hereunder including, without limitation, legal
and accounting fees, (vii) liabilities or obligations incurred by Seller which violate or breach any representation, warranty,
covenant or agreement of Seller included herein or made in connection herewith (viii) liabilities or obligations with respect to
any and all outstanding accounts payable as of the date hereof (vii) or (ix) any other liabilities or obligations that are not
Assumed Contracts (collectively, the liabilities not being assumed by the Buyer are referred to herein as “Excluded Liabilities”).
All responsibility with respect to all liabilities of the Seller including, but not limited to, the Excluded Liabilities, shall
remain with the Seller.

 

(b)            The Buyer shall not
assume or be bound by any obligations or liabilities of the Seller or any affiliate of the Seller of any kind or nature, known,
unknown, accrued, absolute, contingent or otherwise, whether now existing or hereafter arising.

 

(c)            The Seller shall be
solely (as between the Seller and the Buyer) responsible for and pay any and all debts, losses, damages, obligations, liens, assessments,
judgments, fines, disposal and other costs and expenses, liabilities and claims, including, without limitation, interest, penalties
and fees of counsel and experts, as the same are incurred, of every kind or nature whatsoever(all the foregoing being a “Claim”
or the “Claims”), made by or owed to any person to the extent any of the foregoing relates to (i) the assets of
the Seller not transferred hereunder, or (ii) the operations and assets of the Business arising in connection with or on the basis
of events, acts, omissions, conditions, or any other state of facts occurring or existing prior to or on the date hereof (including,
in each case, without limitation, any Claim relating to or associated with tax matters, any failure to comply with applicable law
and/or permitting or licensing requirements and personal injury and property damage matters).

 

(d)            The Buyer shall be
solely (as between the Buyer and Seller) responsible for and pay any and all Claims made by or owed to any person to the extent
they relate to (i) the Assumed Contracts, or (iii) the operations and assets (including the Assets) of the Buyer’s Business
after the date hereof, in each case, to the extent they arise in connection with or on the basis of events, acts, omissions, conditions
or any other state of facts occurring or existing solely after the date hereof (including, in each case, without limitation, any
Claim relating to or associated with tax matters, any failure to comply with applicable law and/or permitting or licensing requirements
and personal injury and property damage matters).

 

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1.3. PURCHASE PRICE.

 

(a) PAYMENT
OF CONSIDERATION. The aggregate purchase price payable for the Assets consists of:

 

(i) an aggregate of $224,540.78
in cash (the “Cash Consideration”) which Seller has directed Buyer to pay to various parties (as fully detailed on Schedule
1.3) directly in connection with Seller’s reduction of debts and liabilities and removal of liens, which would prevent
the Closing; and

 

 

(ii) 725,000 shares of common
stock, $0.001 par value per share, of Investview, Inc. (the “Parent”) held by the Buyer (the “Stock Consideration”),
which shall be assigned by Seller to the parties set forth on Schedule 1.3; and

 

(iii)
Buyer shall pay a royalty to the Seller on gross revenues generated by the Buyer through use of the Assets in the amount of ten
percent (10.0%) of gross revenues. Royalty payments shall be made on a quarterly basis, within sixty (30) days after the end of
each calendar quarter, based upon the gross revenues generated by Buyer during such preceding calendar quarter. Royalties shall
be calculated and paid in U.S. dollars. The royalty shall be terminated upon the Buyer paying the Seller Seven Million Five Hundred
Thousand Dollars ($7,500,000) under this section of the Agreement. Any tax or charges required to be withheld by Buyer under any
laws shall be promptly paid by Buyer for and on behalf of Seller to the appropriate governmental authority, and Buyer shall use
its reasonable best efforts to furnish Seller with proof of payment of such tax together with official or other appropriate evidence
issued by the applicable government authority (the “Royalty”, and together with the Cash Consideration and the
Stock Consideration, the “Consideration”).

 

(b) TAXES.
The Seller shall pay any and all municipal, county, state and federal sales and documentary transfer taxes, impositions, liens,
leases, assessments and similar charges if any, incurred by the Buyer or the Seller in connection with the transaction contemplated
by this Agreement. Each party shall in a timely manner sign and swear to any return, certificate, questionnaire or affidavit as
to matters within its knowledge required in connection with the payment of any such tax.

 

1.4. CLOSING. The closing
of the transactions contemplated hereunder (the “Closing”) will take place on December 18, 2014 (the “Closing Date”),
unless another date is agreed to in writing by the parties. The Closing shall take place at the offices of the Parent, 54 Broad
Street, Suite 303, Red Bank, New Jersey 07701, unless another place is agreed to in writing by the parties.

 

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ARTICLE 2.

 

REPRESENTATIONS AND WARRANTIES 

 

As used with respect
to the Seller or the Buyer, as the case may be, the term “Material Adverse Effect” or “Material Adverse Change”
means (i) any change, event, inaccuracy, violation, circumstance or effect, individually or in the aggregate, that has or
is reasonably likely to have a material adverse effect on the business, assets (including intangible assets), operations, results
of operations, properties or financial condition of the party and its subsidiaries taken as a whole, other than changes or effects
(A) caused by changes in general economic or securities markets conditions, (B) that affect the business in which such
party and its subsidiaries operate in general and that do not have a materially disproportionate effect on such party and its subsidiaries
or (C) resulting from the announcement or proposed consummation of this Agreement and the transactions contemplated hereby
(including any security holder class action litigation arising from allegations of a breach of fiduciary duty relating to this
Agreement).

 

2.1. REPRESENTATIONS
AND WARRANTIES OF THE SELLER. The Seller represents and warrants to the Buyer as set forth below.

 

(a) ORGANIZATION;
GOOD STANDING; QUALIFICATION AND POWER. The Seller (i) is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware (ii) has all requisite power and authority to (A) own, lease and operate its properties and assets
and to carry on its business as now being conducted and as proposed to be conducted, (B) to enter into this Agreement, (C) to perform
its obligations hereunder and thereunder, and (D) to consummate the transactions contemplated hereby and thereby, and (iii) is
duly qualified and in good standing to do business and the failure to be so qualified and in good standing could reasonably be
expected to have a Material Adverse Effect on the Seller. The Seller has delivered to the Buyer true and complete copies of the
shareholder agreement as of the date hereof.

 

(b) AUTHORITY;
NO CONSENTS. All necessary approvals and consents have been secured by the Seller in accordance with the Delaware General Corporation
Law and the Bylaws of the Seller. The execution, delivery and performance by the Seller of this Agreement and the consummation
of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of the Seller;
and this Agreement when executed and delivered by the Seller will be, duly and validly executed and delivered by the Seller; and
this Agreement is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, when
executed and delivered by the Seller, will be a valid and binding obligation of the Seller, enforceable against the Seller in accordance
with its terms, except as such enforceability may be limited by equitable principles and by applicable bankruptcy, insolvency,
reorganization, arrangement, moratorium and similar laws relating to or affecting the rights of creditors generally. Neither the
execution, delivery and performance of this Agreement nor the consummation by the Seller of the transactions contemplated hereby,
or thereby nor compliance by the Seller with any provision hereof or thereof will (A) conflict with, (B) result in any violation
of, (C) cause default under (with or without due notice, lapse of time or both), (D) give rise to any right of termination, amendment,
cancellation or acceleration of any obligation contained in or the loss of any material benefit under or (E) result in the creation
of any Encumbrance on or against any assets, rights or property of the Seller under any term, condition or provision of (x) any
instrument, contract or agreement to which the Seller is a party, or by which the Seller or any of its properties, assets or rights
may be bound, (y) any law, statute, rule, regulation, order, writ, injunction, decree, permit, concession, license or franchise
of any Governmental Authority applicable to the Seller or any of its properties, assets or rights or (z) the Seller’s shareholder
agreement. No permit, authorization, consent or approval of or by, or any notification of or filing with, any Governmental Authority
or other person is required in connection with the execution, delivery and performance by the Seller of this Agreement or the consummation
by the Seller of the transactions contemplated hereby or thereby, except such consents, waivers, authorizations, filings, approvals
and registrations which if not obtained or made are not reasonably likely to result in a Material Adverse Effect or materially
impair the ability of the Seller to consummate the transactions contemplated by this Agreement.

 

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(c). Intentionally left blank.

 

(d) ABSENCE
OF UNDISCLOSED LIABILITIES. As of the Closing Date (i) the Seller had no liability or obligation of any nature (whether known or
unknown, matured or unmatured, fixed or contingent, secured or unsecured, accrued, absolute or otherwise (“Liability”))
which was not provided for or disclosed as of the Closing Date, and (ii) all liability reserves established by the Seller and set
forth thereon were adequate for all such Liabilities at the respective dates thereof.

 

(e) ABSENCE
OF CHANGES. Since inception, , the Seller has been operated in the ordinary course, and there has not been:

 

(i) any adverse change in the business,
assets, properties, Liabilities, operations, results of operations, condition (financial or otherwise), prospects or affairs of
the Seller

 

(ii) any damage, destruction or
loss, whether or not covered by insurance, having or which are reasonably likely to result in a Material Adverse Effect;

 

(iii) any Liability in excess of
$25,000 created, assumed, guaranteed or incurred, or any material transaction, contract or commitment entered into, by the Seller,
other than the license, sale or transfer of the Seller’s products to customers in the ordinary course of business;

 

(iv) any payment, discharge or
satisfaction of any material Encumbrance or Liability by the Seller or any cancellation by the Seller of any material debts or
claims or any amendment, termination or waiver of any rights of material value to the Seller;

 

(v) any declaration, setting aside
or payment of any dividend or other distribution of any assets of any kind whatsoever with respect to any shares of the Seller,
or any direct or indirect redemption, purchase or other acquisition of any such shares of the Seller;

 

(vi) any issuance by the Seller
of any of its shares or any debt security;

 

(vii) any license, sale, transfer,
pledge, mortgage or other disposition of any material tangible or intangible asset (including any Intellectual Property Rights)
of the Seller, other than in the ordinary course of business;

 

(viii) any termination of, or written
indication of an intention to terminate or not renew, any material contract, license, commitment or other agreement between the
Seller and any other person;

 

(ix) any material write-down or
write-up of the value of any asset of the Seller, or any material write-off of any accounts receivable or notes receivable of the
Seller or any portion thereof;

 

(x) any increase in or modification
of compensation payable or to become payable to any officer employee consultant or agent of the Seller, or the entering into of
any employment contract with any officer or employee;

 

(xi) any increase in or modification
or acceleration of any benefits payable or to become payable under any bonus, pension, severance, insurance or other benefit plan,
payment or arrangement made to, for or with any officer, employee, consultant or agent of the Seller;

 

(xii) any loan, advance or capital
contribution to or investment in any person or the engagement in any transaction with any employee, officer or securityholder of
the Seller, other than advances to employees in the ordinary course of business for travel and similar business expenses

 

(xiii) any change in the accounting
methods or practices followed by the Seller or any change in depreciation or amortization policies or rates theretofore adopted;

 

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(xiv) any change in the manner
in which the Seller extends discounts or credit to customers or otherwise deals with customers;

 

(xvi) any shareholder agreements;

 

(xvii) any labor dispute or any
union organizing campaign;

 

(xviii) the commencement of any
litigation or other action by or against the Seller or any threat of commencement of any litigation or other action against the
Seller; or

 

(xix) any agreement, understanding,
authorization or proposal, whether in writing or otherwise, for the Seller to take any of the actions specified in items (i) through
(xviii) above.

 

(f) TAX MATTERS.
The Seller and each other entity (if any) included in any consolidated or combined tax return in which the Seller has been included
(i) have filed and will file, in a timely and proper manner, consistent with applicable laws, all Federal, state and local tax
returns and tax reports required to be filed by them through the Closing Date (the “Seller Returns”) with the appropriate
governmental agencies in all jurisdictions in which Seller Returns are required to be filed and have timely paid or will timely
pay all amounts shown thereon to be due (“Taxes”); (ii) have paid and shall timely pay all Taxes of the Seller required
to have been paid by the Seller on or before the Closing Date; and (iii) currently are not the beneficiary of an extension of time
within which to file any Tax return or Tax report.

 

As used in
this Agreement, “Tax” means any of the Taxes and “Taxes” means, with respect to any entity, (A) all income
taxes (including any tax on or based upon net income, gross income, income as specially defined, earnings, profits or selected
items of income, earnings or profits) and all gross receipts, sales, use, ad valorem, transfer, franchise, license, withholding,
payroll, employment, excise, severance, stamp, occupation, premium, property or windfall profits taxes, alternative or add-on minimum
taxes, customs duties and other taxes, fees, assessments or charges of any kind whatsoever, together with all interest and penalties,
additions to tax and other additional amounts imposed by any taxing authority (domestic or foreign) on such entity and (B) any
liability for the payment of any amount of the type described in the immediately preceding clause (A) as a result of being a “transferee”
(within the meaning of Section 6901 of the Code or any other applicable law) of another entity or a member of an affiliated or
combined group.

 

(g) TITLE
TO ASSETS, PROPERTIES AND RIGHTS AND RELATED MATTERS. The Seller has good and valid title to all assets, properties and interests
in properties, real, personal or mixed, to be transferred pursuant to this Agreement. The assets, properties and interests in properties
of the Seller are in good operating condition and repair in all material respects (ordinary wear and tear excepted). The assets,
properties and interests in properties of the Seller to be owned, leased or licensed by the Buyer at the Closing Date shall include
all assets, properties and interests in properties (real, personal and mixed, tangible and intangible) and all rights, leases,
licenses and other agreements necessary to enable the Buyer to carry on the Business of the Seller as presently conducted by the
Seller. As used herein, the term “Encumbrances” shall mean and include security interests, mortgages, liens, pledges,
guarantees, charges, easements, reservations, restrictions, clouds, equities, rights of way, options, rights of first refusal and
all other encumbrances, whether or not relating to the extension of credit or the borrowing of money.

 

(h) REAL
PROPERTY-OWNED OR LEASED. The Seller does not currently own, nor has it or any of its predecessors ever owned, any real property.

 

(i) INTELLECTUAL PROPERTY.

 

(i) The Seller has good and valid
title to, and owns free and clear of all Encumbrances, has the exclusive right to use, sell, transfer, market, manufacture, license
(or sublicense), deliver and dispose of, and has the right to bring actions for the infringement of, all Intellectual Property
Rights (collectively, the “Seller Rights”).

 

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(ii) The execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated hereby will not breach, violate or conflict
with any instrument or agreement governing any Seller Rights, will not cause the forfeiture or termination or give rise to a right
of forfeiture or termination of any Seller Right or in any way impair the right of the Seller or the Buyer to use, sell, market,
manufacture, license (or sublicense), deliver, dispose of, or to bring any action for the infringement of, any Seller Right or
portion thereof.

 

(iii) There are no royalties, honoraria,
fees or other payments payable by the Seller to any person by reason of the ownership, use, license (or sublicense), delivery,
sale, or disposition of the Seller Rights, other than sales commissions paid in the ordinary course of business.

 

(iv) Neither the manufacture, marketing,
license (or sublicense), sale, delivery, or use of any product or service currently or proposed to be licensed, sold, manufactured,
marketed, delivered or used by the Seller or currently under development by the Seller, violates any license (or sublicense) or
agreement of the Seller with any third party or, to the best knowledge of the Seller, infringes any common law or statutory rights
of any other party, including, without limitation, rights relating to defamation, contractual rights, Intellectual Property Rights
and rights of privacy or publicity; nor, to the best knowledge of the Seller, is any third party infringing upon, or violating
any license (or sublicense), delivery or agreement with the Seller relating to any Seller Right; and there is no pending or, to
the best knowledge of the Seller, threatened claim or litigation contesting the validity, ownership or right to use, manufacture,
market, sell, license (or sublicense), deliver or dispose of any Seller Right, nor has the Seller received any notice asserting
that any Seller Right or the proposed use, manufacture, marketing, sale, license (or sublicense), delivery or disposition thereof
conflicts or will conflict with the rights of any other party. Buyer specifically acknowledges that Seller has not done a patent
search with respect to the Intellectual Property Rights.

 

(v) Other than professionals bound
by ethical obligations of their profession not to disclose such information, all current and past officers, employees and consultants
of or to the Seller have executed and delivered to and in favor of the Seller an agreement regarding the protection of confidential
and proprietary information and the assignment to the Seller of all Intellectual Property Rights arising from the services performed
for the Seller by such persons (collectively, the “Confidentiality Agreements”). The Seller has taken and will continue
through the Closing Date to take all steps reasonably necessary, appropriate or desirable to safeguard and maintain the secrecy
and confidentiality of, and its proprietary rights in, all Seller Rights.

 

(vi) All works that were created,
prepared or delivered by consultants, independent contractors or other third parties for or on behalf of Seller (including any
materials and elements created, prepared or delivered by such parties in connection therewith) (A) are and shall constitute “works
made for hire” specially ordered or commissioned by the Seller within the meaning of United States’ copyright law, or (B)
all right, title and interest therein (including any materials and elements created, prepared or delivered by such parties in connection
therewith) have been assigned to the Seller.

 

(vii) No person
has any marketing rights to any of the Intellectual Property Rights of the Seller (excluding Intellectual Property Rights licensed
to the Seller by third parties).

 

(viii) Schedule 2.1(i)(viii)
of the Seller Disclosure Schedule contains a true and complete list of all (A) of the Seller’s patents, patent applications, patent
design ideas, trademarks, trademark applications, trade names, service marks, service mark applications, copyrights, copyright
registrations and copyright applications and Internet domain names and applications therefor and (B) other filings and formal actions
made or taken pursuant to Federal, state, local and foreign laws by the Seller to perfect or protect its interest therein.

 

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(viii) As used herein, the term
“Intellectual Property Rights” shall mean all industrial and intellectual property rights, including, without limitation,
patents, patent applications, patent rights, trademarks, trademark applications, trade names, service marks, service mark applications,
copyrights, copyright registrations, copyright applications, franchises, licenses, databases, “URL’s” and Internet domain
names and applications therefor (and all interest therein), computer programs and other computer software, user interfaces, know-how,
trade secrets, customer lists, proprietary technology, processes and formulae, source code, object code, algorithms, architecture,
structure, display screens, layouts, development tools, instructions, templates, marketing materials, inventions, trade dress,
logos and designs and all documentation and media constituting, describing or relating to the foregoing.

 

(j) AGREEMENTS,
ETC. The Seller is not a party to any agreement, arrangement or understanding, whether written or oral, formal or informal that
has not been disclosed, relating to:

 

(i) agreements for the development,
modification or enhancement of the Seller Rights except for that Technology Development Agreement with Transfer Online which will
be assigned to Buyer at no cost;

 

(ii) any material distributorship,
dealer, sales, advertising, agency, manufacturer’s representative, franchise or similar contract or relationship or any other contract
relating to the payment of a commission or other fee calculated as or by reference to a percentage of the profits or revenues of
the Seller or of any business segment of the Seller;

 

(iii) any
joint venture, partnership or other agreement or arrangement for the sharing of profits;

 

(iv) any
collective bargaining contract or other contract with or commitment to any labor union;

 

(v) the future purchase, sale or
license of products, material, supplies, equipment or services requiring payments to or from the Seller in an amount in excess
of $15,000 per annum, which agreement, arrangement or understanding is not terminable on thirty (30) days’ notice without cost
or other liability at or at any time after the Closing Date, or in which the Seller has granted or received manufacturing rights,
most favored nations pricing provisions or exclusive marketing or other rights relating to any product, group of products, services,
technology, assets or territory;

 

(vi) any license (whether as licensor
or licensee), or sublicense, royalty, permit, or franchise agreement, including, without limitation, any agreement pursuant to
which the Seller licenses any Seller Rights to any third party (other than ordinary course licenses to end-users);

 

(vii) the employment
of any officer, employee, consultant or agent or any other type of contract, commitment or understanding with any officer, employee,
consultant or agent which (except as otherwise generally provided by applicable law) is not immediately terminable without cost
or other liability at or at any time after the Closing Date;

 

(viii) profit-sharing, bonus, stock
option, stock appreciation right, pension, retirement, disability, stock purchase, hospitalization, insurance or similar plan or
agreement, formal or informal, providing benefits to any current or former officer, employee, agent or consultant;

 

(ix) indenture, mortgage, promissory
note, loan agreement, guarantee or other agreement or commitment for the borrowing of money, for a line of credit or for a leasing
transaction of a type required to be capitalized in accordance with Statement of Financial Accounting Standards No. 13 of the Financial
Accounting Standards Board;

 

(x) any agreement, instrument or
other arrangement granting or permitting any Encumbrance on any of the properties, assets or rights of the Seller;

 

(xi) any lease for real property
(whether as lessor or lessee) or any other lease or agreement under which the Seller is lessee of or holds or operates any items
of tangible personal property owned by any third party;

 

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(xii) contract
or commitment for charitable contributions;

 

(xiv) contract or commitment for
capital expenditures individually or in the aggregate in excess of $15,000;

 

(xiii) any agreement or contract
with a “disqualified individual” (as defined in Section 280G(c) of the Code), which could result in a disallowance of
the deduction for any “excess parachute payment” (as defined in Section 280G(b)(i) of the Code) under Section 280G of
the Code as a result of the transactions contemplated hereby;

 

(xv) agreement or arrangement for
the sale of any assets, properties or rights having a value in excess of $15,000;

 

(xvi) agreement which restricts
the Seller from engaging in any aspect of its business or competing in any line of business in any geographic area; or

 

(xvii) any
other agreement, contract or commitment which is material to the Seller.

 

For purposes of this
Section 2.1(j), the term “material” shall mean and refer to those agreements, contracts, instruments or arrangements
(as applicable) that involve payments or expenditures by or to the Seller, or otherwise have an aggregate value, of at least $15,000.
The Seller has furnished to the Buyer true and complete copies of all such agreements or electronic standardized versions of such
agreements [other than the lease of office space used by Seller (which will be terminated operation effective as of the Closing
Date)] , and (x) each such agreement (A) is the legal, valid and binding obligation of the Seller and, to the best knowledge of
the Seller, the legal, valid and binding obligation of each other party thereto, in each case enforceable in accordance with its
terms, except as such enforceability may be limited by equitable principles and by applicable bankruptcy, insolvency, reorganization,
arrangement, moratorium and similar laws relating to or affecting the rights of creditors generally (B) is to the best of knowledge
of Seller in full force and effect and (y) to the best knowledge of the Seller , the other party or parties thereto is or are not
in material default thereunder.

 

(k) NO DEFAULTS. The
Seller has in all material respects performed all the obligations required to be performed by it to date and is not in default
or alleged to be in default under (i) its shareholder agreement or (ii) any material agreement, lease, license, contract, commitment,
instrument or obligation to which the Seller is a party or by which any of its properties, assets or rights are or may be bound
or affected and, to the best knowledge of the Seller, there exists no event, condition or occurrence which, with or without due
notice or lapse of time, or both, would constitute such a default by it of any of the foregoing.

 

(l) LITIGATION, ETC.
There are no (i) actions, suits, claims, investigations or legal or administrative or arbitration proceedings pending, or to the
best knowledge of the Seller, threatened against the Seller, whether at law or in equity, or before or by any Federal, state, local,
municipal, foreign or other governmental court, department, commission, board, bureau, agency or instrumentality (“Governmental
Authority”), (ii) judgments, decrees, injunctions or orders of any Governmental Authority or arbitrator against the Seller
or (iii) disputes with customers or vendors. There are no Actions pending or, to the best knowledge of the Seller, threatened,
with respect to (A) the current employment by, or association with, the Seller, or future employment by, or association with, the
Buyer, of any of the present officers or employees of, or consultants to, the Seller (collectively, the “Designated Persons”)
or (B) the use, in connection with any business presently conducted by the Seller or the Buyer, of any information, techniques
or processes presently utilized or proposed to be utilized by the Seller, the Buyer or any of the Designated Persons, that the
Seller, the Buyer or any of the Designated Persons are or would be prohibited from using as the result of a violation or breach
of, or conflict with any agreements or arrangements between any Designated Person and any other person, or any legal considerations
applicable to unfair competition, trade secrets or confidential or proprietary information. The Seller has delivered to the Buyer
all material documents and correspondence relating to such matters.

 

    	9

    	 

    

 

(m) ACCOUNTS AND NOTES
RECEIVABLE. The Seller does not have any accounts receivables and notes receivable as of the Closing Date.

 

(n) COMPLIANCE; GOVERNMENTAL
AUTHORIZATIONS. The Seller has complied and is presently in compliance in all material respects with all Federal, state, local
or foreign laws, ordinances, regulations and orders applicable to it or its business (including, without limitation, laws, ordinances,
regulations and orders applicable to labor, employment and employment practices, terms and conditions of employment and wages and
hours). .

 

(o) ENVIRONMENTAL MATTERS.
The Seller is in compliance with all federal, state, local and foreign laws, common law, rules, codes, administrative orders and
regulations relating to pollution or protection of human health, the environment (including, without limitation, ambient air, surface
water, groundwater, land surface or subsurface strata) or wildlife, including without limitation, laws, common law, rules, codes,
administrative orders and regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes,
toxic substances, hazardous substances, petroleum or petroleum products (collectively, “Hazardous Materials”) or to the
manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials (collectively,
“Environmental Laws”) and, to the best knowledge of the Seller, there are no events or circumstances that could form
the basis of an order for clean-up or remediation, or an action, suit or proceeding by any private party or governmental body or
agency, against or affecting the Seller relating to any Hazardous Materials or the violation of any Environmental Law.

 

(p) LABOR RELATIONS;
EMPLOYEES. The Seller employs no employees.

 

(q) EMPLOYEE BENEFIT
PLANS AND CONTRACTS. The Seller does not have any employee benefit plans.

 

(s) INSURANCE. All
policies of liability, theft, fidelity, fire, product liability, errors and omissions, workmen’s compensation, indemnification
of officers and other forms of insurance held by the Seller (specifying the insurer, the amount of coverage, the type of insurance,
the policy number and any pending claims thereunder) and a history of all claims made by the Seller thereunder and the status thereof
are in full force and effect and all premiums with respect thereto are currently paid. The Seller has not, since its inception,
been denied or had revoked or rescinded any policy of insurance.

 

(t) BANK ACCOUNTS;
POWERS OF ATTORNEY. All bank accounts and safe deposit boxes of the Seller and all persons who are signatories thereunder or who
have access thereto and (ii) the names of all persons, firms, associations, corporations or business organizations holding general
or special powers of attorney from the Seller and a summary of the terms thereof have been provided to Buyer.

 

(u) BROKERS. The Seller
has not, nor have any of its officers, securityholders or employees, employed any broker or finder or incurred any liability for
any brokerage fees, commissions or finders’ fees in connection with the transactions contemplated hereby.

 

(v) RELATED TRANSACTIONS.
No current or former officer or securityholder of the Seller that is an affiliate of the Seller or any associate (as defined in
the rules promulgated under the Exchange Act) thereof, is now, or has been since the inception of the Seller, a party to any transaction
with the Seller (including, but not limited to, any contract, agreement or other arrangement providing for the furnishing of services
by, or rental of real or personal property from, or borrowing money from, or otherwise requiring payments to, any such officer
or affiliated security holder of the Seller or associate thereof), or the direct or indirect owner of an interest in any corporation,
firm, association or business organization which is a present or potential competitor, supplier or customer of the Seller (other
than non-affiliated holdings in publicly-held companies), nor does any such person receive income from any source other than the
Seller which relates to the business of, or should properly accrue to, the Seller.

 

(w) MINUTE BOOKS. The
minute book has been provided by the Seller to the Buyer.

 

(x) OTHER NAMES. The
business conducted by the Seller prior to the date hereof has not been conducted under any corporate, trade or fictitious name.

 

(y) VOTE REQUIRED.
The affirmative vote of all of the outstanding shares of the Seller approving this Agreement is the only vote of the holders of
any class or series of the Seller’s equity interests necessary to approve this Agreement and the transactions contemplated hereby
and thereby.

 

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(bb) DISCLOSURE. Neither
Section 2.1 of this Agreement nor any document, written information, statement, financial statement, certificate or exhibit furnished
or to be furnished to the Buyer by or on behalf of the Seller or any securityholder pursuant hereto or in connection with the transactions
contemplated hereby, contains or will contain any untrue statement of a material fact or omits or will omit to state a material
fact necessary in order to make the statements or facts contained herein and therein not misleading in light of the circumstances
under which they were made. There is no fact internal to the business of the Seller known to the Seller that has not been disclosed
to the Buyer in writing that (i) is reasonably likely to result in a Material Adverse Effect or (ii) adversely affects or could
adversely affect the ability of the Seller to perform its or their respective obligations under this Agreement or the Related Agreements.

 

(cc) KNOWLEDGE DEFINITION.
As used in this Article 2, the term “best knowledge” and like phrases shall mean and include the knowledge, after due
inquiry.

 

2.2. Intentionally
left blank.

 

2.3. REPRESENTATIONS
AND WARRANTIES OF THE BUYER.

 

The Buyer represents
and warrants to the Seller as set forth below.

 

(a) ORGANIZATION;
GOOD STANDING; QUALIFICATION AND POWER. The Buyer (i) is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware, and (ii) has all requisite corporate power and authority to own, lease and operate its properties
and assets and to carry on its business as now being conducted, to enter into this Agreement and each of the Related Agreements
to which it is a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby
and thereby. The Buyer has delivered to the Seller true and complete copies of the Charter and by-laws of the Buyer. The Buyer
is qualified to do business and is in good standing in each in jurisdiction in which the nature of its business requires it to
be so qualified except where the failure to so qualify would not have a Material Adverse Effect.

 

(b) CAPITAL STOCK.
The Buyer has provided to Seller a true and complete description of the authorized and outstanding shares of capital stock of the
Buyer as of the Closing Date

 

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(c) AUTHORITY. The
execution, delivery and performance by the Buyer of this Agreement and each of the Related Agreements to which it is a party and
the consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action
on the part of the Buyer. This Agreement and each of the Related Agreements to which the Buyer is a party are valid and binding
obligations of the Buyer, enforceable against the Buyer in accordance with their respective terms, except as such enforceability
may be limited by equitable principles and by applicable bankruptcy, insolvency, reorganization, arrangement, moratorium and similar
laws relating to or affecting the rights of creditors, generally. Neither the execution, delivery and performance by the Buyer
of this Agreement and the Related Agreements to which the Buyer is a party, nor the consummation of the transactions contemplated
hereby or thereby, will in any respect (A) conflict with, (B) result in any violation of, (C) cause a default under (with or without
due notice, lapse of time or both), (D) give rise to any right of termination, amendment, cancellation or acceleration of any obligation
contained in or the loss of any material benefit under, (E) result in the creation of any Encumbrance on or against any assets,
rights or property of the Buyer, as the case may be, under any term, condition or provision of (x) any instrument or agreement
to which the Buyer is a party, or by which the Buyer or any of its properties, assets or rights may be bound, (y) any law, statute,
rule, regulation, order, writ, injunction, decree, permit, concession, license or franchise of any Governmental Authority applicable
to the Buyer or any of its properties, assets or rights or (z) the Buyer’s Charter or by-laws, as amended through the date
hereof, except with respect to clauses (x) or (y) above, any such conflict, violation, default, right of termination, amendment,
cancellation or acceleration or Encumbrance which could not reasonably be expected to have a Material Adverse Effect. Except as
contemplated by this Agreement, no permit, authorization, consent or approval of or by, or any notification of or filing with,
any Governmental Authority or other person is required in connection with the execution, delivery and performance by the Buyer
of this Agreement or the Related Agreements to which they are a party or the consummation of the transactions contemplated hereby
or thereby, other than (i) the filing with the SEC of such reports and information under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and the rules and regulations promulgated by the SEC thereunder, as may be required in
connection with this Agreement and the transactions contemplated hereby, (ii) the filing of such documents with, and the obtaining
of such orders from, various state securities and blue-sky authorities as are required in connection with the transactions contemplated
hereby, and (iii) such other consents, waivers, authorizations, filings, approvals and registrations which if not obtained or made
are not reasonably likely to result in a Material Adverse Effect or would materially impair the ability of the Buyer to consummate
the transactions contemplated by this Agreement, (each of the filings set forth in clauses (i), (ii) and (iii) have been or will
be made by the Buyer when due).

 

(d) ABSENCE OF CHANGES.
Since inception through the date hereof, there has not been any material adverse change in the business, properties, operations
or condition (financial or otherwise) of the Buyer (a “Buyer Material Adverse Change”); provided, however, that a change
in the market price or trading volume of the common stock of Buyer shall not be deemed, in and of itself, to constitute a Buyer
Material Adverse Change.

 

(e) BROKERS. Neither
the Buyer, nor any of its officers, directors or employees have employed any broker or finder or incurred any liability for any
brokerage fees, commissions or finders’ fees in connection with the transactions contemplated hereby.

 

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ARTICLE 3.

 

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ARTICLE 4. 

 

CONDUCT AND TRANSACTIONS PRIOR 

TO CLOSING DATE; ADDITIONAL AGREEMENTS

 

4.1. LEGAL CONDITIONS
TO TRANSACTIONS. Each party hereto shall use its reasonable best efforts to comply promptly with all legal requirements that may
be imposed on such party with respect to the transactions contemplated hereunder and will take all action necessary to cooperate
with and furnish information to the other party in connection with any such requirements imposed upon such other party in connection
with the transactions contemplated hereunder. Each party hereto shall take all reasonable actions necessary (a) to obtain (and
will take all reasonable actions necessary to promptly cooperate with the other party in obtaining) any consent, authorization,
order or approval of, or any exemption by, any Governmental Authority, or other third party, required to be obtained or made by
such party (or by the other parties) in connection with the taking of any action contemplated by this Agreement, (b) to defend,
lift, rescind or mitigate the effect of any lawsuit, order, injunction or other action adversely affecting the ability of such
party to consummate the transactions contemplated hereby and (c) to fulfill all conditions precedent applicable to such party pursuant
to this Agreement.

 

4.2. CONSENTS. Each
party hereto shall use its best efforts, and the other parties shall cooperate with such efforts, to obtain any consents and approvals
of, or effect the notification of or filing with, each person or authority, whether private or governmental, whose consent or approval
is required in order to permit the consummation of the transactions contemplated hereby and to enable the Buyer to conduct and
operate the business of the Seller as presently conducted and as proposed to be conducted.

 

4.3. EFFORTS TO CONSUMMATE.
Subject to the terms and conditions herein provided, the parties hereto shall use their reasonable best efforts to do or cause
to be done all such acts and things as may be necessary, proper or advisable, consistent with all applicable laws and regulations,
to consummate and make effective the transactions contemplated hereby and to satisfy or cause to be satisfied all conditions precedent
that are set forth in Article 6 as soon as reasonably practicable.

 

4.4. NOTICE OF BREACH.
Within a reasonable time period following such event, each party hereto shall notify the other parties in writing upon the occurrence
of any act, event, circumstance or thing that would cause or result in a representation or warranty hereunder being untrue at the
Closing, the failure of a closing condition to be achieved at the Closing, or any other breach or violation hereof or default hereunder.

 

4.5. SUPPORT OF TRANSACTION
BY OFFICERS, DIRECTORS AND SHAREHOLDERS. Each party hereto shall use its reasonable best efforts to cause all of its officers,
directors and sharholders, as the case may be, to support the transactions contemplated hereunder and to take all actions and execute
all documents reasonably requested by the other parties hereto to carry out the intent of the parties with respect to the transactions
contemplated hereby.

 

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ARTICLE 5. 

 

CONDITIONS PRECEDENT 

 

5.1. CONDITIONS TO
EACH PARTY’S OBLIGATIONS. The obligations of each party hereto to perform this Agreement is subject to the satisfaction of the
following conditions unless waived (to the extent such conditions can be waived) by all parties hereto:

 

(a) APPROVALS.
The Buyer and the Seller and their respective subsidiaries shall have timely obtained from each Governmental Authority all approvals,
waivers and consents, if any, necessary for consummation of the transactions contemplated hereby, including such approvals, waivers
and consents as may be required under the Securities Act and under state securities laws.

 

(c) LEGAL
ACTION. No temporary restraining order, preliminary injunction or permanent injunction or other order preventing the consummation
of the transactions contemplated hereunder shall have been issued by any Federal or state court or other Governmental Authority
and remain in effect.

 

(d) LEGISLATION.
No Federal, state, local or foreign statute, rule or regulation shall have been enacted which prohibits, restricts or delays the
consummation of the transactions contemplated by this Agreement or any of the conditions to the consummation of such transactions.

 

5.2. CONDITIONS TO
OBLIGATIONS OF THE BUYER. The obligations of the Buyer to perform this Agreement is subject to the satisfaction of the following
conditions unless waived (to the extent such conditions can be waived) by the Buyer at the Closing:

 

(a) REPRESENTATIONS
AND WARRANTIES OF THE SELLER. The representations and warranties of the Seller set forth in Section 2.1 hereof shall be true and
correct as of the Closing Date (except to the extent any such representation or warranty expressly speaks as of an earlier date,
which representations and warranties shall be true and correct as of such date in the same manner as specified above), and the
Buyer shall have received a certificate signed on behalf of the Seller by the CEO of the Seller to such effect.

 

(b) PERFORMANCE
OF OBLIGATIONS OF THE SELLER. The Seller shall have performed in all material respects the obligations required to be performed
by each of them under this Agreement prior to or as of the Closing Date, and the Buyer shall have received a certificate signed
by the CEO of the Seller to that effect.

 

(c) CONSENTS
AND APPROVALS. Duly executed copies of all consents and approvals contemplated by this Agreement, in form and substance satisfactory
to the Buyer, shall have been delivered by the Seller.

 

(d) GOVERNMENT
CONSENTS, AUTHORIZATIONS, ETC. Copies of all consents, authorizations, orders or approvals of, and filings or registrations with,
any Governmental Authority which are required for or in connection with the execution and delivery by the Seller of this Agreement
and the consummation by the Seller and each of the Shareholders of the transactions contemplated hereby, shall have been delivered
by the Seller.

 

5.3. CONDITIONS TO
OBLIGATIONS OF THE SELLER. The obligations of the Seller to perform this Agreement to which they are a party are subject to the
satisfaction of the following conditions unless waived (to the extent such conditions can be waived) by the Seller:

 

(a) REPRESENTATIONS
AND WARRANTIES OF THE BUYER. The representations and warranties of the Buyer set forth in Section 2.3 hereof shall be true and
correct as of the Closing Date as though made on and as of the Closing Date (except to the extent any such representation or warranty
expressly speaks as of an earlier date, which representations and warranties shall be true and correct as of such date in the same
manner as specified above), and the Seller shall have received a certificate signed on behalf of the Buyer by the Chief Executive
Officer of the Buyer to such effect.

 

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(b) PERFORMANCE
OF OBLIGATIONS OF THE BUYER. The Buyer shall have performed in all material respects its obligations required to be performed by
it under this Agreement prior to or as of the Closing Date and the Seller shall have received a certificate signed by the Chief
Executive Officer of the Buyer to that effect.

 

(c) GOVERNMENT
CONSENTS, AUTHORIZATIONS, ETC. Copies of all consents, authorizations, orders or approvals of, and filings or registrations with,
any Governmental Authority which are required for or in connection with the execution and delivery by the Buyer of this Agreement
and the consummation by the Buyer of the transactions contemplated hereby or thereby, shall have been delivered by the Buyer.

 

(e) PURCHASE
PRICE. The delivery of the Consideration deliverable at the Closing Date in the manner and otherwise in accordance with Article
1 hereof, shall have been made by the Buyer.

 

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ARTICLE 6.

 

ADDITIONAL AGREEMENTS 

 

6.1. RESTRICTIONS ON
TRANSFER; LOCK UP.

 

(a) The Stock
Consideration to be issued to the Seller at the Closing Date shall not be sold, transferred, assigned, pledged, encumbered or otherwise
disposed of (each, a “Transfer”) except upon the conditions specified in this Section 6.1, which conditions are intended
to insure compliance with the provisions of the Securities Act. The Seller shall observe and comply with the Securities Act and
the rules and regulations promulgated by the SEC thereunder as now in effect or hereafter enacted or promulgated, and as from time
to time amended, in connection with any Transfer of the Stock Consideration beneficially owned by the Seller.

 

(b) The Seller
agrees not to sell, assign, transfer, pledge, hypothecate or otherwise dispose of any of the Stock Consideration (the “Lock-up
Agreement”) until after one (1) year from the date hereof, except that (i) 16.6% of the Stock Consideration shall be released
from the Lock-up Agreement each 30 day period commencing after the six (6) month anniversary of the Closing Date; (ii) the sale
of the Stock Consideration in a privately negotiated transaction in which the buyer of such Stock Consideration enters a lock-up
with the Parent containing identical terms as set forth in the Lock-up Agreement or (iii) written consent from the CEO of the Buyer
in the event such release of the Lock Up Agreement is in the best interest of the Buyer’s public market.

 

(c) Each
certificate representing the Stock Consideration issued to the Seller and each certificate for such securities issued to subsequent
transferees of any such certificate shall (unless otherwise permitted by the provisions of Section hereof) be stamped or otherwise
imprinted with a legend in substantially the following form:

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR ANY APPLICABLE STATE SECURITIES OR “BLUE-SKY” LAWS. THESE SECURITIES MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM. ADDITIONALLY, THE TRANSFER OF
THESE SECURITIES IS SUBJECT TO THE CONDITIONS SPECIFIED IN SECTIONS 1.1 AND 6.1 OF THE ASSET PURCHASE AGREEMENT DATED AS OF ________
__, 2014 AMONG GGI INC. AND GATE GLOBAL IMPACT CORP. AND NO TRANSFER OF THESE SECURITIES SHALL BE VALID OR EFFECTIVE UNTIL SUCH
CONDITIONS HAVE BEEN FULFILLED. UPON THE FULFILLMENT OF CERTAIN OF SUCH CONDITIONS, GGI INC. HAS AGREED TO DELIVER TO THE HOLDER
HEREOF A NEW CERTIFICATE, NOT BEARING THIS LEGEND, FOR THE SECURITIES REPRESENTED HEREBY REGISTERED IN THE NAME OF THE HOLDER HEREOF.
COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO COST BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE
SECRETARY OF GATE IMPACT INC.”

 

(d) Notwithstanding
anything contained in this Section 6.1 to the contrary, the Seller shall be permitted to transfer the Stock Consideration to the
shareholders of the Seller or any other third party so long as such transferee shall agree to be subject to the restrictions set
forth in this Section 6.1.

 

6.2. CONFIDENTIALITY.
Each party hereto agrees that any information obtained by such party (the “Receiving Party”) pursuant to or in connection
with this Agreement and the transactions contemplated hereby and thereby which may be proprietary or otherwise confidential to
any other party hereto (the “Disclosing Party”) will not be disclosed by the Receiving Party without the prior written
consent of the Disclosing Party. Each party further acknowledges and understands that any information obtained which may be considered
“inside” non-public information will not be utilized by such party in connection with purchases and/or sales of the Parent’s
shares of common stock except in compliance with applicable state and federal anti-fraud statutes.

 

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6.3            AUDIT. If it
is determined that Seller needs to be audited, Seller and the Shareholders shall cause an audit to be conducted for the Seller’s
prior two (2) full fiscal years and reviewed interim financial statements for any relevant interim period with a view to complying
with applicable Securities and Exchange Commission requirements for public companies and otherwise in scope satisfactory to Buyer,
at Buyer’s sole expense. Such audit is to be conducted by an independent accounting firm that is qualified under the Public
Company Accounting Oversight Board mutually acceptable to the parties.

 

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ARTICLE 7. 

 

INDEMNIFICATION 

 

7.1. DEFINITIONS. As
used in this Agreement, the following terms shall have the following meanings:

 

(a) “AFFILIATE”
as to any person means any entity, directly or indirectly, through one or more intermediaries, controlling, controlled by or under
common control with such person.

 

(b) “EVENT
OF INDEMNIFICATION” shall mean the following:

 

(i) the untruth,
inaccuracy or breach of any representation or warranty of the Seller (including the fact and circumstances underlying such untruth,
inaccuracy or breach) contained in Section 2.1 of this Agreement, any Exhibit or Schedule hereto or any other document delivered
in connection herewith or therewith (without giving effect to any “Material Adverse Effect” or other materiality qualification
or any similar qualification contained or incorporated directly or indirectly in such representation or warranty);

 

(ii) intentionally
left blank;

 

(iii) the breach
of any agreement or covenant of the Seller contained in this Agreement , any Exhibit hereto or any other document delivered in
connection herewith or therewith;

 

(iv) the untruth,
inaccuracy or breach of any representation or warranty of the Buyer (including the fact and circumstances underlying such untruth,
inaccuracy or breach) contained in Section 2.3 of this Agreement, any Exhibit or Schedule hereto or any other document delivered
in connection herewith (without giving effect to any “Material Adverse Effect” or other materiality qualification or
any similar qualification contained or incorporated directly or indirectly in such representation or warranty) or

 

(v) the breach
of any agreement or covenant of the Buyer contained in this Agreement, any Exhibit hereto or any document delivered in connection
herewith.

 

(c) “INDEMNIFIED
PERSONS” shall mean and include (A) with respect to an Indemnification Event described in subsections 7.1(b)(i) and 7.1(b)(iii)
hereof (each a “Seller Event of Indemnification”), the Buyer and its Affiliates, successors and assigns, and the officers,
directors and agents of the Buyer (the “Buyer Indemnified Persons”), or (B) with respect to an Indemnification Event
described in subsections 7.1(b)(iv) and 7.1(b)(v) hereof (each, a “Buyer Event of Indemnification”), the Seller and
their respective Affiliates, successors and assigns, and the respective officers, directors and agents of each of the foregoing
(the “Seller Indemnified Persons”).

 

(d) “INDEMNIFYING
PERSONS” shall mean and include (A) with respect to an Indemnification Event described in subsections 7.1(b)(i) and 7.1(b)(iii)
hereof, the Seller and their respective successors, assigns, heirs and legal representatives and estates, as the case may be (the
“Seller Indemnifying Persons”), , and (B) with respect to an Indemnification Event described in subsections 7.1(b)(iv)
and 7.1(b)(v) hereof, the Buyer and its successors and assigns (the “Buyer Indemnifying Persons”).

 

(e) “LOSSES”
shall mean any and all losses, claims, damages, liabilities, expenses (including reasonable attorneys’, accountants’ and experts’
fees) sustained, suffered or incurred by any Indemnified Person arising from or in connection with any such matter that is the
subject of indemnification under Section 7.2 hereof that shall not exceed the amount of any consideration actually paid by such
Indemnifying Parties provided for hereunder.

 

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7.2. INDEMNIFICATION
GENERALLY. Subject to Section 7.6 hereof, (a) the Seller Indemnifying Persons shall severally but not jointly indemnify the Buyer
Indemnified Persons for, and hold each of them harmless from and against, any and all Losses arising from or in connection with
any Seller Event of Indemnification that occurs on or the Buyer Indemnified Persons become aware of prior to June 30, 2016, and
(b) the Buyer Indemnifying Persons shall jointly and severally indemnify the Seller Indemnified Persons for, and hold each of them
harmless from and against, any and all Losses arising from or in connection with a Buyer Event of Indemnification that occurs on
or the Seller Indemnified Persons become aware of prior to June 30, 2016.

 

7.3. ASSERTION OF CLAIMS.
No claim shall be brought under Section 7.1 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable
Survival Date, give the Indemnifying Persons, as applicable, (a) written notice of the existence of any such claim, specifying
the nature and basis of such claim and the amount thereof, to the extent known, or (b) written notice pursuant to Section 7.4 of
any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice will not
relieve the Indemnifying Persons from any liability that they may have to the Indemnified Persons under this Agreement or otherwise
(unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying
Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified
Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement
of their rights under Section 7.2 hereof.

 

7.4. NOTICE AND DEFENSE
OF THIRD PARTY CLAIMS. Losses resulting from the assertion of liability by third parties (each, a “Third Party Claim”)
shall be subject to the following terms and conditions:

 

(a) The Indemnified
Persons shall promptly give written notice to the Indemnifying Persons, as applicable, of any Third Party Claim that might give
rise to any Loss by the Indemnified Persons, or any of them, stating the nature and basis of such Third Party Claim, and the amount
thereof, to the extent known. Such notice shall be accompanied by copies of all relevant documentation with respect to such Third
Party Claim, including, without limitation, any summons, complaint or other pleading that may have been served, any written demand
or any other document or instrument. Notwithstanding the foregoing, the failure to provide notice as aforesaid will not relieve
the Indemnifying Persons from any liability which they may have to the Indemnified Persons under this Agreement or otherwise (unless
and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Person
and they were not otherwise aware of such action or claim).

 

(b) If the
Indemnifying Person acknowledges in writing its obligation to indemnify the Indemnified Persons hereunder against any Losses that
may result from such Third Party Claims, then the Indemnifying Person shall be entitled, at its option, to assume and control the
defense of such Third Party Claim at its expense and through counsel of its reasonable choice if it gives notice to the Indemnified
Persons within twenty (20) calendar days of the receipt of notice of such Third Party Claim from the Indemnified Persons of its
intention to do so. If the Indemnifying Person elects to assume and control the defense of any such Third Party Claim, the Indemnified
Persons shall have the right to employ separate counsel and to participate in (but not control) the defense, compromise or settlement
of the Third Party Claim, but the fees and expenses of such counsel will be at the expense of the Indemnified Persons, unless (i)
the Indemnifying Person has agreed to pay such fees and expenses, or (ii) the Indemnified Persons has been advised by its counsel
that there may be one or more defenses reasonably available to it which are different from or additional to those available to
the Indemnifying Person, and in any such case that portion of the fees and expenses of such separate counsel that are reasonably
related to matters covered by the indemnification provided by this Article 7 will be paid by the Indemnifying Person. Expenses
of counsel to the Indemnified Persons shall be reimbursed on a current basis by the Indemnifying Person if there is no dispute
as to the obligation of the Indemnifying Person to pay such amounts pursuant to this Article 7. In the event the Indemnifying Person
exercises its right to undertake the defense against any such Third Party Claim as provided above, the Indemnified Persons shall
cooperate with the Indemnifying Person in such defense and make available to the Indemnifying Person, at the Indemnifying Person’s
expense, all witnesses, pertinent records, materials and information in its possession or under its control relating thereto as
is reasonably required by the Indemnifying Person. Similarly, in the event the Indemnified Persons is, directly or indirectly,
conducting the defense against any such Third Party Claim, the Indemnifying Person shall cooperate with the Indemnified Persons
in such defense and make available to it, at the Indemnifying Person’s expense, all such witnesses, records, materials and information
in its possession or under its control relating thereto as is reasonably required by the Indemnified Persons. No such Third Party
Claim, except the settlement thereof which involves the payment of money only (by a party or parties other than the Indemnified
Persons) and for which the Indemnified Persons is released by the third party claimant and is totally indemnified by the Indemnifying
Person, may be settled by the Indemnifying Person without the written consent of the Indemnified Persons. No Third Party Claim
which is being defended in good faith by the Indemnifying Person shall be settled by the Indemnified Persons without the written
consent of the Indemnifying Person.

 

    	20

    	 

    

 

7.5. SURVIVAL OF REPRESENTATIONS
AND WARRANTIES. Subject to the further provisions of this Section 7.5, the respective representations and warranties of all parties
shall survive the Closing Date until the applicable statute of limitation shall have expired (the “Survival Date”).

 

7.6. LIMITATION ON
INDEMNIFICATION.

 

(i)            Anything
to the contrary contained in this Article 7 notwithstanding, the Indemnifying Persons shall not be obligated to indemnify the Indemnified
Persons pursuant to this Article 7 with respect to any Losses pursuant to Section 7.2 until the aggregate amount of such Losses
exceeds fifty thousand dollars ($50,000) (the “Basket Amount”), whereupon the Indemnifying Persons shall be obligated
to indemnify the Indemnified Persons for all Losses in excess of the Basket Amount:

.

(ii)            Each
Indemnifying Person’s liability for any Losses shall be limited to the amount of such Losses net of the difference between
any insurance proceeds received by the Indemnified Person in respect thereof minus the amount of premiums paid for such insurance
by the Indemnified Person.

 

(iii)            Notwithstanding
any other provision of this Agreement, Losses related to the matters set forth in Section 2.2(a) and Losses attributable to fraud,
the indemnities set forth in this Section 7 shall be the exclusive remedies of the Indemnified Persons for any misrepresentation
or breach of any representation or warranty or covenant or agreement contained in this Agreement.

 

7.7. RIGHT OF SET-OFF.
At its sole discretion and without limiting any other rights of the Buyer under this Agreement or at law or equity, the Buyer may
satisfy any Losses for which it is to be indemnified by the Seller in this Agreement in whole or in part by offset against any
funds, securities, or other property payable by the Buyer to the Seller and neither the exercise of nor the failure to exercise
such right of set-off will constitute an election of remedies or limit the Buyer in any manner in the enforcement of any other
remedies that may be available to them.

 

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BLANK]

 

    	21

    	 

    

 

ARTICLE 8.

 

MISCELLANEOUS 

 

8.1. EXPENSES. As used
in this Agreement, “Transaction Costs” shall mean (a) with respect to the Buyer, all actual, out-of-pocket expenses incurred
by such party to third parties, in connection with this Agreement and all other transactions provided for herein and therein, and
(b) with respect to the Seller, all actual, out-of-pocket expenses incurred by such party to third parties, in connection with
this Agreement and all other transactions provided for herein and therein, but shall not in any event include general overhead;
the time spent by employees of such party internally; postage, telephone, telecopy, photocopy and delivery expenses of such party;
permit and filing fees; and other non-material expenses that are incidental to the ordinary course of business. Each party hereto
shall bear its own fees and expenses in connection with the transactions contemplated hereby.

 

8.2. ENTIRE AGREEMENT.
This Agreement (including any Exhibits attached hereto), and the other writings referred to herein contain the entire agreement
among the parties hereto with respect to the transactions contemplated hereby and supersede all prior or contemporaneous agreements
or understandings, written or oral, among the parties with respect thereto.

 

8.3. DESCRIPTIVE HEADINGS.
Descriptive headings are for convenience only and shall not control or affect the meaning or construction of any provision of this
Agreement.

 

8.4. PUBLIC ANNOUNCEMENTS.
The parties hereto agree that, to the maximum extent feasible, but subject, in the case of the Parent, to its public disclosure
and, as to all parties, other legal and regulatory obligations, they shall advise and confer with each other prior to the issuance
(and provide copies to the other party prior to issuance) of any public announcements, reports, statements or releases pertaining
to the transactions contemplated hereunder. However, all parties acknowledge that this Agreement and a description of the transaction
described herein will be filed with the Securities and Exchange Commission as an exhibit to applicable annual, quarterly and/or
quarterly reports.

 

8.5. NOTICES. All notices
or other communications which are required or permitted hereunder shall be in writing and sufficient if delivered personally or
sent by nationally-recognized overnight courier or by registered or certified mail, postage prepaid, return receipt requested,
or by facsimile, with confirmation as provided above addressed as follows:

 

(a) if to
the Buyer, to:

 

GGI Inc

c/o
Investview, Inc.

54 Broad Street,
Suite 303

Red Bank, New
Jersey 07701

Attention:
Dr. Joseph Louro, CEO

Telecopier:

 

with a copy
(not constituting notice) to:

 

Fleming PLLC

49 Front Street, Suite 206

Rockville Centre, New York 11570

Attention: Stephen M. Fleming

Telecopier: (516) 977-1209

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    	22

    	 

    

 

(b) if to
the Seller, to:

 

GATE Global Impact Corp.

157 Main Street

Cold Spring Harbor

Cold Spring Harbor, New York
11724

Attention: Vincent Molinari,
CEO

 

(c) intentionally
left blank.

 

(d) All such
notices or communications shall be deemed to be received (i) in the case of personal delivery or facsimile, on the date of such
delivery, (ii) in the case of nationally-recognized overnight courier, on the next Business Day after the date when sent and (iii)
in the case of mailing, on the third Business Day following the date on which the piece of mail containing such communication was
posted.

 

8.6. COUNTERPARTS.
This Agreement may be executed in any number of counterparts by original or facsimile signature, each such counterpart shall be
an original instrument, and all such counterparts together shall constitute one and the same agreement.

 

8.7. GOVERNING LAW.
This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts
made and to be performed wholly therein (without regard to principles of conflicts of laws).

 

8.8. BENEFITS OF AGREEMENT.
All the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns.

 

8.9. PRONOUNS. As used
herein, all pronouns shall include the masculine, feminine, neuter, singular and plural thereof whenever the context and facts
require such construction.

 

8.10. AMENDMENT, MODIFICATION
AND WAIVER. This Agreement shall not be altered or otherwise amended except pursuant to an instrument in writing signed by (i)
the Buyer and (ii) the Seller; provided, however, that any party to this Agreement may waive any obligation owed to it by any other
party under this Agreement. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or
be construed as a waiver of any subsequent breach.

 

8.11. SEVERABILITY.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse to any party. Upon such
determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable
manner to the end that the transactions contemplated hereby are fulfilled to the greatest extent possible.

 

8.12. FURTHER ASSURANCES.
Each party agrees to cooperate fully with the other parties and to execute such further instruments, documents and agreements and
to give such further written assurances as may be reasonably requested by any other party to evidence and reflect the transactions
described herein and contemplated hereby and to carry into effect the intents and purposes of this Agreement.

 

    	23

    	 

    

 

8.13. CONSENT TO JURISDICTION;
WAIVERS. Each of the parties hereto irrevocably submits to the exclusive jurisdiction of (a) the Supreme Court of the State of
New York, New York County, and (b) the United States District Court for the Southern District of New York, for the purposes of
any Action (as defined below) arising out of this Agreement or any Related Agreement or any transaction contemplated hereby or
thereby. Each of the parties hereto agrees to commence any Action relating hereto either in the United States District Court for
the Southern District of New York or if such Action may not be brought in such court for jurisdictional reasons, in the Supreme
Court of the State of New York, New York County. Each of the parties hereto further agrees that service of any process, summons,
notice or document by U.S. registered mail to such party’s respective address set forth in Section 9.5 shall be effective service
of process for any Action in New York with respect to any matters to which it has submitted to jurisdiction in this Section 8.13.
Each of the parties hereto irrevocably and unconditionally waives any objection to the laying of venue of any Action arising out
of this Agreement or any Related Agreement or any transaction contemplated hereby or thereby in (i) the Supreme Court of the State
of New York, New York County, or (ii) the United States District Court for the Southern District of New York, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such Action brought in any such
court has been brought in an inconvenient forum. For purposes of this Agreement, “Action” means any claim, action, suit
or arbitration, or any other proceeding, in each instance by or before any Governmental Authority or any nongovernmental arbitration,
mediation or other nonjudicial dispute resolution body.

 

8.14. WAIVER OF JURY
TRIAL. Each of the parties hereto irrevocably and unconditionally waives trial by jury in any Action relating to this Agreement
or any transaction contemplated hereby or thereby, and for any counterclaim with respect thereto.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    	24

    	 

    

 

IN WITNESS WHEREOF, each of the parties
hereto has caused this Asset Purchase Agreement to be executed on its behalf as of the day and year first above written.

 

 

Investview
GGI Inc

 

By: /s/ Dr. Joseph Louro

Name: Dr. Joseph Louro

Title: Director

 

 

GATE GLOBAL IMPACT INC

 

By: /s/ Vincent Molinari

Name: Vincent Molinari

Title: CEO

 

By: /s/ Joseph Latona

Name: Joseph Latona

Title: President

 

    	25

    	 

    

 

SCHEDULES

 

Schedule 1.1List of Assets

 

The GATEway Transaction Platform source
code .net / wpf framework platform application

 

•            Visual Studio 2008 and Expression
Blend 3, for fast, effective development

•            C# programming language for power
and reliability

•            XAML (eXtensible Application Markup
Language), for clean and powerful interface design

•            Windows Presentation Foundation
(WPF) allows unprecedented customization of visual elements and styles, along with animation support

•            WCF Web Services, for fast, secure
communication from users’ PCs to the central servers

 

Website with built in ” lite”
platform linked to full application platform.

Microsoft SQL Server 2008 and servers

Platform database

 

GGI’s GATEway platform centralizes
the way impact investments are sourced and funded and enables financing solutions to social challenges. The GATEway platform has
been designed as a USA regulatory compliant architecture that conducts transactions in multiple currencies and languages and integrates
portfolio management tools and informational content. In addition, the technology will be adapted as necessary to comply with regulations
in other countries. The technology differentiates itself by offering customized impact measurement metrics, a tool to manage the
performance of these types of investments.

Among the technology features are:

 

•            Connectivity - Designed for smooth
interface and interaction with existing software systems and Protocols

•            Transparency - Allows for fully
transparent and anonymous negotiations between trading counterparties

•            Regulatory compliance - Designed
to meet or exceed all USA regulatory standards

•            Multilingual
and multi-currency capabilities - Designed for global organizations with multiple Global locations

•            Mapping technology – Designed
for targeting regional interests or investments

•            Portfolio Management Tools –
Full reporting features allows for ease of use in creating Customizable reporting- 22

•            Benchmarking and metric reporting
– Peer group benchmarks and reporting

 

Assignment of the Technology Development Agreement with Transfer
Online

 

Schedule 1.1(a) Domain Names

 

www.gateglobalimpact.com

Schedule 1.1(d) Assumed Contracts

 

Assignment of the Technology Development Agreement with Transfer
Online

 

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BLANK]

 

    	26

    	 

    

 

Schedule 1.3 Payment of Cash Consideration. Seller has requested
that the Cash Consideration be paid directly to the following parties:

 

		a.	TranferOnline $ 100,000.00

		b.	Prudential Insurance Of America $ 75,000.00

		c.	American Express $24,000.00

		d.	American Express $2,412.81

		e.	Zwicker & Associates $4,600.00

		f.	CSH Realty $10,253.02

		g.	Law Firm of Steven Salami $6,850.00

		h.	Verizon $1,608.05

		i.	Go Daddy $318.00

		j.	Verisign $254.25

		k.	Verizon Mobile $1,472.65

		l.	Articulate Communications $ 2,500.00

		m.	Leverage PR $ $2,500.00

		n.	Sam Gordon $ 2,000.00

 

Total Cash Consideration at closing $224,540.78

 

Stock Consideration shall be assigned by Seller to the following
parties:

 

		a.	239,500 Shares Transfer Online

		b.	100,000 Shares Prudential Insurance company of America

		c.	220,000 Shares to Vigorish LLC (David Paul)

		d.	10,000 Shares OTD Ventures LLC (Randy Ramusack)

		e.	10,000 Shares JBO Consulting LLC

		f.	40,000 Shares Mintz Levin PC

		g.	40,000 Shares Ellonoff Grossman PC

		h.	10,000 Shares TBLI Group (Robert Rubenstein)

		i.	50,000 Lincoln Partners LLC (Pat Sarma)

		j.	3,000 Articulate Communications

		k.	2,500 Leverage PR

 

Total Share Issuance 725,000

 

Royalty distributions

 

GATE Global Impact Shareholders will receive
10% of Gross revenue until $7,500,000 has been disbursed to shareholders. Per the schedule below

*Transfer Online acting as trustee will receive up 1.25% administration
and servicing fees.

 

		a.	$6,000,000 on a prorata basis to all shareholders not including Molinari and Latona owned shares.

		b.	$625,000 Lincoln Partners – Pat Sarma

		c.	$250,000 Prudential Insurance company of America

		d.	$500,000 John PapaJohn

		e.	$75,000 OTD Ventures – Consulting settlement

		f.	$50,000 TBLI Group - Consulting settlement

 

    	27EX 10.1 - 10th Amendment to Northstar Credit Agreement

Execution
Version
TENTH AMENDMENT TO
CREDIT AGREEMENT

THIS TENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered into as of December 23, 2014, by and among PICO Northstar Hallock, LLC, a Delaware limited liability company (the “Borrower”), PICO Northstar, LLC, a Delaware limited liability company (the “Parent Guarantor”), the lenders from time to time party to the Credit Agreement, as defined below (the “Lenders”), and ING Capital LLC, a Delaware limited liability company, as agent for the Lenders (the “Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Parent Guarantor, the Lenders and the Agent are parties to that certain Credit Agreement dated as of June 13, 2011 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”; the Existing Credit Agreement, as amended by this Amendment, and as hereafter amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement), pursuant to which the Lenders have made certain financial accommodations available to the Borrower; and

WHEREAS, the Borrower has requested that the Existing Credit Agreement be amended as set forth herein, and the undersigned Lenders have agreed to so amend the Existing Credit Agreement as set forth herein, subject to the terms and conditions hereof;

NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of all of which are acknowledged, the Borrower, the Parent Guarantor, the undersigned Lenders and the Agent hereby agree as follows:

1.Amendment to Section 1.1 of the Existing Credit Agreement.  Section 1.1 of the Existing Credit Agreement is hereby amended by replacing the definition of “Debt Service Coverage Ratio” in its entirety with the following:

“Debt Service Coverage Ratio” means, for any period, the ratio of (a) EBITDA of the Borrower and its Subsidiaries for such period less (i) Consolidated Capital Expenditures for such period (excluding that portion of Consolidated Capital Expenditures that is financed by Indebtedness (other than the Obligations)) plus (ii) for the Fiscal Quarters ending on or after March 31, 2013 and on or before December 31, 2014, the proceeds of the First DSCR Preferred Equity Issuance and the proceeds of all Other DSCR Preferred Equity Issuances, to the extent such proceeds of such First DSCR Preferred Equity Issuance and such Other DSCR Preferred Equity Issuances are received (or deemed to have been received) by the Parent Guarantor and contributed by the Parent Guarantor to the equity capital of the Borrower during the four consecutive Fiscal Quarters ending on the last day of such period plus (iii) for the Fiscal Quarters ending on or after December 31, 2014, and on or before December 31, 2015, the proceeds of the 2014/2015 DSCR Preferred Equity Issuances, to the extent such proceeds of such 2014/2015 DSCR Preferred Equity Issuances are received (or deemed to have been received) by the Parent Guarantor and contributed by the Parent Guarantor to the equity capital of the Borrower during the four consecutive Fiscal Quarters ending on the last day of such period, less (iv) Permitted Tax Distributions with respect to such period less (v) any other distributions made by the Parent Guarantor to its members during such period to (b) Debt Service for such period.

2.Amendment to Section 1.1 of the Existing Credit Agreement.  The Existing Credit Agreement is hereby further amended by adding the following sentence to the end of the definition of “Applicable Margin”:

For the period beginning on September 30, 2014, and continuing through and including December 31, 2015, “Applicable Margin” shall mean the Applicable Margin as calculated above plus one half of one percent (0.50%). 

3.Amendment to Section 1.1 of the Existing Credit Agreement.  The Existing Credit Agreement is hereby further amended by adding new definitions for the following terms in their respective proper alphabetical order, as follows:

“2014/2015 DSCR Preferred Equity Issuance” means one or more issuances by the Parent Guarantor on or after the Tenth Amendment Date, and on or before December 31, 2015, of Qualified Preferred Equity Interests for cash the proceeds of which are contributed by the Parent Guarantor to the equity capital of the Borrower; provided, however, that no Financial Covenant Default Contribution shall constitute a 2014/2015 DSCR Preferred Equity Issuance.

“2014/2015 Extended Period DSCR Preferred Equity Issuance” shall mean a 2014/2015 DSCR Preferred Equity Issuance which is made with respect to a given Fiscal Quarter for which the Alternate Debt Service Coverage Ratio Requirement is applicable and which is made during the period of five (5) Business Days immediately following the last day of such Fiscal Quarter.

“2014 Required DSCR Preferred Equity Issuance” means that portion of the 2014/2015 DSCR Preferred Equity Issuance which is required to be made on or prior to the Tenth Amendment Date in an amount of not less than $3,500,000.

“Alternate Debt Service Coverage Ratio Requirement” has the meaning set forth in Section 6.2.4(b).

“Tenth Amendment Date” means December 23, 2014.

4.Amendment to Section 3.3.1(j) of the Existing Credit Agreement.  The Existing Credit Agreement is hereby amended by replacing clause (j) of Section 3.3.1 with the following:

(j)    shall, promptly after (and in any event within two (2) Business Days following) receipt by the Borrower or any Subsidiary or the Agent of any Net Securities Proceeds (excluding Net Securities Proceeds resulting from (i) any Additional Equity Issuance (2012), (ii) the First DSCR Preferred Equity Issuance, (iii) Other DSCR Preferred Equity Issuances in an aggregate amount during the term of this Agreement not to exceed $25,000,000, or (iv) 2014/2015 DSCR Preferred Equity Issuances), make a payment to the Agent in an amount equal to such Net Securities Proceeds; provided, that this clause (j) of Section 3.3.1 shall not in any event be deemed a consent to any issuance or sale of Stock by any Loan Party that is otherwise prohibited by the terms of this Agreement or of any of the other Loan Documents;

5.Amendment to Section 4.2.5 of the Existing Credit Agreement.  The Existing Credit Agreement is hereby amended by replacing Section 4.2.5 in its entirety with the following:

SECTION 4.2.5  Adverse Change.  Since September 30, 2014, no event shall have occurred which the Agent shall determine has resulted in, or could reasonably be expected to result in, a Material Adverse Change.

6.Amendment to Section 5.5 of the Existing Credit Agreement.  The Existing Credit Agreement is hereby amended by replacing Section 5.5 in its entirety with the following:

SECTION 5.5   Material Adverse Change.  Since September 30, 2014, there has been no Material Adverse Change.

7.Amendment to Section 6.2.4(b) of the Existing Credit Agreement.  The Existing Credit Agreement is hereby amended by replacing clause (b) of Section 6.2.4 in its entirety with the following:

(b)    Debt Service Coverage Ratio.  The Borrower will not permit its Debt Service Coverage Ratio to be (i) less than 1.75 to 1.00 as of the last day of any Fiscal Quarter, beginning with the second full Fiscal Quarter ending after the Project Construction Completion Date and continuing through the Fiscal Quarter ending on December 31, 2013, (ii) less than 1.00 to 1.00 as of the last day of the Fiscal Quarter ending June 30, 2014, or (iii) less than 1.25 to 1.00 as of the last day of each Fiscal Quarter ending thereafter, in each case calculated for the four consecutive Fiscal Quarter period ending on each such date; provided, however, that if the Borrower is not in compliance with the foregoing financial covenant as of the last day of any given Fiscal Quarter during the period beginning on January 1, 2015, and continuing through and including December 31, 2015, then the Borrower shall be deemed to be in compliance with such financial covenant if its Debt Service Coverage Ratio as of such date is not less than 1.00 to 1.00, which (a) shall be calculated for the Fiscal Quarter ending on such date (b) shall include any 2014/2015 Extended Period DSCR Preferred Equity Issuances for such Fiscal Quarter, and (c) shall exclude any 2014/2015 Extended Period DSCR Preferred Equity Issuances made during such Fiscal Quarter with respect to the prior Fiscal Quarter (such alternate requirement, the “Alternate Debt Service Coverage Ratio Requirement”.)

8.Amendment to Section 6.2.4(c) of the Existing Credit Agreement.  The Existing Credit Agreement is hereby amended by replacing clause (c) of Section 6.2.4 in its entirety with the following:

(c)    Minimum Net Worth of Borrower.  The Borrower will not permit its Net Worth on any date to be less than $50,000,000.  

9.Amendment to Section 7.1.21 of the Existing Credit Agreement.  The Existing Credit Agreement is hereby amended by replacing Section 7.1.21 in its entirety with the following:

(c)    Minimum Tangible Net Worth of Sponsor.  The Tangible Net Worth of the Sponsor on any date shall not be less than $350,000,000.

10.Amendment to Section 9.2 of the Existing Credit Agreement.  Section 9.2 of the Existing Credit Agreement is hereby amended by deleting the second copy address (which shall not constitute notice) for the Borrower and the Parent Guarantor which currently lists DLA Piper LLP (US) and substituting in lieu thereof the following:

Stoel Rives LLP
33 South Sixth Street, Suite 4200
Minneapolis, MN 55402
Attention:  David T. Quinby, Esq.
Facsimile No.:  612-373-8881
Telephone No.: 612-373-8825

11.Amendment to Exhibit D.  The Credit Agreement is hereby amended by deleting the existing Exhibit D and substituting in lieu thereof the attached amended Exhibit D.

12.Conditions to Effectiveness of this Amendment.  Notwithstanding any other provision of this Amendment, this Amendment shall not become effective, and the Borrower and the Parent Guarantor shall have no rights under this Amendment, until each of the following conditions shall have been satisfied:

(a)    the Agent shall have received duly authorized, executed and delivered counterparts to this Amendment from each of the Borrower, the Parent Guarantor, the Required Lenders and the Agent;

(b)    the Agent shall have received evidence satisfactory to the Agent that on or before the Tenth Amendment Date the Sponsor has made, and the Borrower has received the proceeds of, the 2014 Required DSCR Preferred Equity Issuance, together with copies of all documents evidencing such issuance; and

(c)    the Borrower shall have made payment or reimbursement of all costs and expenses of the Agent which have been invoiced not later than one Business Day prior to the date of this Amendment, including, without limitation, fees and expenses of King & Spalding LLP, counsel to the Agent.

13.Representations and Warranties.  To induce the Lenders and the Agent to enter into this Amendment, each of the Borrower and the Parent Guarantor hereby represents and warrants to the Lenders and the Agent as follows: 

(a)    The execution, delivery and performance by it of this Amendment are within its  organizational powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or member action.

(b)    The execution, delivery and performance by it of this Amendment have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of its Organizational Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation to which it is a party or affecting it or its properties or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which it or its property is subject; or (c) violate any applicable law.

(c)    This Amendment has been duly executed and delivered by it, and the Credit Agreement, as amended by this Amendment, constitutes its legal, valid and binding obligation, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

(d)    The representations and warranties of the Borrower contained in the Credit Agreement and the other Loan Documents (i) were true and correct in all material respects as of the date initially made, and (ii) are true and correct in all material respects with the same effect as if made on the date hereof and both before and after giving effect to this Amendment and the transactions contemplated hereby (except to the extent expressly stated to be as of an earlier date).

(e)    No material adverse development has occurred in any litigation, arbitration or governmental investigation or proceeding which renders such litigation, arbitration or governmental investigation or proceeding likely to succeed and, which, if successful could reasonably be expected to result in a Material Adverse Change.

(f)    No Default or Event of Default has occurred and is continuing or would result from this Amendment or the transactions contemplated hereby.

(g)    Since September 30, 2014, no event has occurred which has had, or could reasonable be expected to have, a material adverse effect on the property, assets, nature of assets, business, operations, liabilities, condition (financial or otherwise) or prospects of the Borrower or the Project or (b) has resulted, or could reasonable be expected to result, in a Material Adverse Change.

14.Reaffirmations and Acknowledgments.  Each of the Borrower and the Parent Guarantor hereby acknowledges that, as of the date hereof, the security interests and Liens granted to the Agent and the Secured Parties under the Credit Agreement and the other Loan Documents are in full force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity. 

15.Waiver.  The undersigned Lenders hereby waive (i) the Event of Default which occurred under clause (b) of Section 6.2.4 of the Credit Agreement for the Fiscal Quarter ending September 30, 2014, (ii) the Event of Default which occurred under Section 7.1.17 of the Credit Agreement with respect to the failure of the Sponsor to make the Financial Covenant Default Contribution which was owed because of the Borrower’s failure to comply with the provisions of Section 6.2.4(b) for the Fiscal Quarter ending September 30, 2014, (iii) the obligation of the Borrower to pay interest at the Post-Default Rate for the period beginning on September 30, 2014, and continuing through and including the Tenth Amendment Date, (iv) the default that occurred under the Agreement to Contribute Capital because of the failure of the Sponsor to make the Financial Covenant Default Contribution that was required because a Default occurred under Section 6.2.4 of the Credit Agreement for the Fiscal Quarter ending September 30, 2014, and (v) the requirement for the Borrower to comply with clause (b) of Section 6.2.4 of the Credit Agreement for the Fiscal Quarter ending on December 31, 2014.  The foregoing waivers are limited solely to the matters stated above and shall not be deemed to be an extension, waiver or amendment of any other provision of the Credit Agreement, any other Loan Document, or any Contribution Agreement.  

16.Effect of Amendment.  Except as expressly set forth herein, all terms of the Credit Agreement and the other Loan Documents shall be and remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligations of the Borrower and the Parent Guarantor to the Lenders, the Agent and the other Secured Parties, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.  The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders or the Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement or any Loan Document.  This Amendment shall constitute a Loan Document for all purposes of the Credit Agreement.  

17.Governing Law.    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

18.No Novation.  This Amendment is not intended by the parties to be, and shall not be construed to be, a novation of the Credit Agreement or an accord and satisfaction in regard thereto.

19.Costs and Expenses.  The Borrower agrees to pay all costs and expenses of the Agent in connection with this Amendment in accordance with Section 9.3 of the Credit Agreement, including without limitation, the reasonable costs and attorneys’ fees of King & Spalding LLP, counsel to the Agent.

20.Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Amendment constitutes the entire contract among the parties relating to the subject matter hereof and supersedes any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  This Amendment shall become effective when it shall have been executed by the Agent and when the Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile, pdf or other electronic means shall be effective as delivery of a manually executed counterpart of this Amendment.

21.Binding Nature.  This Amendment shall be binding upon and inure to the benefit of the parties hereto, their respective successors, successors-in-titles, and assigns.

[signature pages follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

PICO NORTHSTAR HALLOCK, LLC

By:                         /s/ Neil C. Juhnke         
Name: Neil C. Juhnke
Title: President

PICO NORTHSTAR, LLC

By:                        /s/ Max Webb            
Name: Max Webb
Title: CFO

ING CAPITAL LLC, as Agent

By:                    /s/ William B. Redmond      
Name: William B. Redmond
Title: Managing Director

By:                        /s/ W. Leroy Startz        
Name: W. Leroy Startz
Title: Director

AGCOUNTRY FARM CREDIT  SERVICES, FLCA
as a Lender

By:                    /s/ James F. Baltezore            
Name: James F. Baltezore
Title: VP Agribusiness and Capital Markets

AGFIRST FARM CREDIT BANK
as a Lender

By:                    /s/ Steven J. O'Shea            
Name: Steven J. O'Shea
Title: Vice President

AGSTAR FINANCIAL SERVICES, FLCA
as a Lender

By:                    /s/ Troy Mostaert            
Name: Troy Mostaert
Title: VP Capital Markets

FARM CREDIT SERVICES OF AMERICA, PCA
as a Lender

By:                    /s/ Curt A. Brown            
Name: Curt A. Brown
Title: Vice President

FARM CREDIT WEST, FLCA
as a Lender

By:                    /s/ Ben Madonna            
Name: Ben Madonna
Title: Vice President

KODABANK
as a Lender

By:                    /s/ Tom Schuster            
Name: Tom Schuster
Title: Sr. Loan Officer

AMENDED EXHIBIT D

COMPLIANCE CERTIFICATE

__________________   __, 20__

ING Capital LLC, as Agent
1325 Avenue of the Americas
New York, New York  10019
Attention:  Loan Administration Group

Gentlemen:

The undersigned, on behalf of the Borrower and not individually, hereby certifies that he is the Chief Financial Officer of PICO NORTHSTAR HALLOCK, LLC, a Delaware limited liability company (the “Borrower”), and that as such he is authorized to execute this Compliance Certificate (the “Certificate”) of the Borrower pursuant to the Credit Agreement (as it may be amended, supplemented or restated from time to time, the “Credit Agreement”; each capitalized term used herein having the same meaning given to it in the Credit Agreement unless otherwise specified herein) dated as of June 13, 2011, among Borrower, PICO Northstar, LLC, a Delaware limited liability company, as Parent Guarantor, the various lenders from time to time party thereto (the “Lenders”), and ING Capital LLC, a Delaware limited liability company (“ING”), as agent for the Lenders (in such capacity, the “Agent”).  The undersigned further certifies, represents and warrants that to his knowledge, after due inquiry that, as of the date hereof and as of the last day of the immediately preceding Fiscal [Quarter] [Year]:

(a)    The Borrower has fulfilled its respective obligations under the Credit Agreement, the Notes and the other Loan Documents.

(b)    The representations and warranties made by the Borrower in each Loan Document (except to the extent expressly stated to be as of an earlier date) are true and correct in all material respects on and as of the time of delivery hereof.
(c)    Since September 30, 2014, no Material Adverse Change has occurred.
(d)    The financial statements delivered to the Agent concurrently with this Compliance Certificate have been prepared in accordance with GAAP consistently applied and fairly present the financial condition and results of operations of the applicable Persons as at the end of, and for, the period indicated (subject, in the case of quarterly financial statements, to normal year-end adjustments).
(e)    No Default or Event of Default has occurred and is continuing.
(f)    Schedule 1 attached hereto has been duly completed and is true and correct in all respects.

[signature page follows]

IN WITNESS WHEREOF, the Borrower has caused this Certificate to be executed and delivered and the certification and warranties contained herein to be made by the chief [operating] [accounting] [financial] Authorized Officer of Borrower authorized to execute and deliver this Certificate as of the day and year first set forth above.

PICO NORTHSTAR HALLOCK, LLC

By:__________________________________
     Name: 
     Title:

Schedule I
ATTACHMENT TO COMPLIANCE CERTIFICATE

ALL TERMS USED HEREIN SHALL HAVE THE MEANING
ASCRIBED TO SUCH TERMS IN THE CREDIT AGREEMENT

A.    DEBT TO ADJUSTED CAPITALIZATION RATIO 

		
	1.
	Total Debt                                        $___________

		
	2.
	Parent Guarantor’s consolidated shareholders’ or member’s equity            $___________

		
	3.
	The amount equal to development expenses in an amount not to exceed $8,350,000 incurred in connection with the Project but solely to the extent such development expenses are treated as current expenses (and are not capitalized) on the financial statements of the Borrower in accordance with GAAP.                                            $___________

		
	4.
	The amount of development expenses referenced in Item 3 that would have been amortized as of such date in accordance with GAAP had such development expenses been capitalized and not currently expensed.                                        $___________

		
	5.
	Item 3 minus Item 4                                    $___________

		
	6.
	Item 1 plus Item 2 plus Item 5                            $___________

		
	7.
	Ratio of Item 1 to Item 6                                ____________

		
	8.
	Maximum Permissible Debt to Capitalization Ratio from Section 6.2.4(a) of the Credit Agreement.60 to 1.00

		
	9.
	Default Indicated?                                    ____________

B.    DEBT SERVICE COVERAGE RATIO (beginning with the first full Fiscal Quarter ending after the Project Construction Completion Date)

		
	1.
	EBITDA                                        $___________

		
	2.
	Consolidated Capital Expenditures (excluding that portion of Consolidated Capital Expenditures which is financed by Indebtedness (other than the Obligations)             $___________

		
	3.
	First DSCR Preferred Equity Issuance (if applicable)                $___________

		
	4.
	Other DSCR Preferred Equity Issuances (if applicable)                $___________

		
	5.
	2014/2015 DSCR Preferred Equity Issuances (if applicable)                $___________

		
	6.
	Permitted Tax Distributions                                $___________

		
	7. 
	Any other distributions made by the Parent Guarantor                $___________

		
	8.
	(Items 1+3+4+5) minus (Items 2+6+7)                        $___________

		
	9.
	Debt Service (1):

		
	(a)
	Interest Expense payable in cash                         $___________

		
	(b)
	Scheduled principal repayments of Indebtedness, including without limitation, scheduled payments of principal in respect of Capitalized Lease Liabilities         $___________

Sum of (a) and (b)                                 $___________

		
	10.
	Ratio of Item 8 to Item 9                                ____________

		
	11.
	Minimum Debt Service Coverage Ratio from Section 6.2.4(b) of the Credit Agreement: 1.25 to 1.00

		
	12.
	Default indicated?                                    ____________

		
	13.
	If Default is indicated, determine the Ratio of Item 8 to Item 9 for the single Fiscal Quarter ending on the date of determination if the date of determination is with respect to a Fiscal Quarter ending during the period from March 31, 2015 through and including December 31, 2015    ____________

		
	14.
	Minimum Debt Service Coverage Ratio from proviso of Section 6.2.4(b) of the Credit Agreement 1.00 to 1.00

		
	15.
	Default indicated?                                    ____________

C.    MINIMUM NET WORTH OF BORROWER

		
	1. 
	Net Worth                                        $___________

		
	2.
	Minimum Net Worth from Section 6.2.4(c) of the Credit Agreement:        $50,000,000.

		
	3.
	Default indicated?                                    ____________

                               

(1) Debt Service for the four Fiscal Quarter period ending on the last day of the second full Fiscal Quarter following the Project Construction Completion Date shall be deemed to be (x) Debt Service for the first and second full Fiscal Quarters following the Project Construction Completion Date multiplied by (y) 2.0 and (2) Debt Service for the four Fiscal Quarter period ending on the last day of the third full Fiscal Quarter following the Project Construction Completion Date shall be deemed to be (x) Debt Service for the first, second and third full Fiscal Quarters following the Project Construction Completion Date multiplied by (y) 1.33.  If the foregoing applies, please note accordingly.

D.    MINIMUM TANGIBLE NET WORTH OF SPONSOR

		
	1. 
	Tangible Net Worth                                    $___________

		
	2.
	Minimum Tangible Net Worth from Section 6.2.4(d) of the Credit Agreement: $350,000,000.

		
	3.
	Default indicated?                                    ____________

E.    MAXIMUM ANNUAL CAPITAL EXPENDITURES (beginning with the first full Fiscal Year ending after the Project Construction Completion Date)

		
	1. 
	Consolidated Capital Expenditures                            $___________

		
	2.
	Maximum Annual Capital Expenditure from Section 6.2.5 of the Credit Agreement: $1,800,000.

		
	3.
	$1,800,000 minus Consolidated Capital Expenditures for the prior Fiscal Year:     $___________

		
	4.
	Item 2 plus Item 3                                    $___________

		
	5.
	Default indicated?                                    ____________

F.    DEBT TO CAPITALIZATION RATIO 

		
	1.
	Total Debt                                        $___________

    
		
	2.
	Parent Guarantor’s consolidated shareholders’ or member’s equity            $___________

		
	3.
	Item 1 plus Item 2                                     $___________

		
	4.
	Ratio of Item 1 to Item 3                                ____________

		
	5.
	Category for Applicable Margin                            ____________

G.    EXCESS CASH FLOW

		
	1.
	EBITDA                                        $___________

    
		
	2.
	Cash Interest paid                                    $___________

		
	3.
	Taxes and Permitted Tax Distributions paid in cash                    $___________

		
	4.
	Actual Consolidated Capital Expenditures made (which are not financed other than with proceeds of Loans)                                            $___________

		
	5.
	Scheduled repayments of principal under any Indebtedness                $___________

		
	6.
	Prepayments of the Term Loan (other than under Section 3.3.1(l))            $___________

		
	7.
	Increase in Working Capital                                $___________

		
	8.
	Decrease in Working Capital                                $___________

		
	9.
	Sum of Items 1 to 7                                    $___________

		
	10.
	Item 9 minus Item 1 minus Item 8                            $___________

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