Document:

wdr_Ex10_2

		
			Exhibit 10.2
		

		
			 
		

		
			WADDELL & REED FINANCIAL, INC.
		

		
			 
		

		
			RESTRICTED STOCK UNIT AWARD AGREEMENT
		

		
			 
		

		
			WADDELL & REED FINANCIAL, INC., a corporation organized and existing under the laws of the state of Delaware (or any successor corporation) (the "Company"), does hereby grant and give unto «Name» (the "Awardee"), an award of Restricted Stock Units (the "RSUs")  upon the terms and conditions hereinafter set forth (the "Award").
		

		
			 
		

		
			AUTHORITY FOR GRANT
		

		
			 
		

		
			1.         Cash Settled RSU Plan.  The RSUs are granted under the provisions of the Waddell & Reed Financial, Inc. Cash Settled RSU Plan (the "Plan"), and are subject to the terms and conditions set forth in this Restricted Stock Unit Award Agreement (this "Agreement") and not inconsistent with the Plan.  Capitalized terms used but not defined herein shall have the meaning given them in the Plan, which is incorporated by reference herein.
		

		
			 
		

		
			TERMS OF AWARD
		

		
			 
		

		
			2.         Number of RSUs.  In consideration of future services to the Company, the Awardee is hereby granted «Shares» RSUs on _____________, 20___ (the "Grant Date").
		

		
			 
		

		
			3.         Restrictions; Forfeiture.  The RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated until their restrictions are removed or expire.  The RSUs may be forfeited to the Company pursuant to Sections 5(b).
		

		
			 
		

		
			4.         Expiration of Restrictions and Risk of Forfeiture; Settlement.
		

		
			 
		

		
			(a)        The restrictions and risk of forfeiture for the RSUs will expire and the RSUs will vest and become settleable pursuant to Section 4(b) as of the vesting dates set forth in this Section 4, provided that the restrictions and risk of forfeiture have not previously expired and the RSUs have not been forfeited pursuant to this Agreement.
		

		
			 
		

			
					
						Percentage of RSUs Vesting

					
					
						    

					
					
						Vest Date

					
					
						 

				
	
					
						25%

					
					
						 

					
					
						___________, 20___

					
					
						 

				
	
					
						25%

					
					
						 

					
					
						___________, 20___

					
					
						 

				
	
					
						25%

					
					
						 

					
					
						___________, 20___

					
					
						 

				
	
					
						25%

					
					
						 

					
					
						___________, 20___

					
					
						 

				

		
			 
		

		
			(b)        After the RSUs vest pursuant to Section 4(a), Section 5(a) or Section 6, the Company will, within 30 days of such vesting date, subject to Section 9, cause to be paid to Awardee a lump sum cash payment (the "Cash Payment")  equal to the Fair Market Value of one share of the Company’s Class A Common Stock, par value $0.01 (the "Stock"), on the applicable date of vesting multiplied by the number of RSUs vesting
		

		
			
		

		
			

		 

 

		

		
			on such date.  The Cash Payment will not bear any interest owing to the passage of time from the vesting date to the payment date.  Neither this Section 4(b) nor any action taken pursuant to or in accordance with this Section 4(b) will be construed to create a trust or a funded or secured obligation of any kind.
		

		
			 
		

		
			TERMINATION OF AWARD
		

		
			 
		

		
			For purposes of the following Sections, all references to termination of employment shall be construed to mean termination of all service relationships with the Company and its Subsidiaries and Affiliates, including employees, independent contractors and consultants; however, nothing in this Agreement or the Plan shall be construed to create or continue a common law employment relationship with any individual characterized by the Company, a Subsidiary or an Affiliate as an independent contractor or consultant.
		

		
			 
		

		
			5.         Termination of Employment.
		

		
			 
		

		
			(a)        Termination of Employment Due to Death or Disability.  If an Awardee's employment with the Company or any of its Subsidiaries or Affiliates terminates by reason of death or Disability, the restrictions and risk of forfeiture with respect to the RSUs which have not expired shall immediately lapse and all of the RSUs shall be deemed fully vested and nonforfeitable.
		

		
			 
		

		
			(b)        Termination of Employment Other Than Due to Death or Disability.  If an Awardee's employment with the Company or any of its Subsidiaries or Affiliates terminates for a reason other than death or Disability, the RSUs for which the restrictions and risk of forfeiture have not expired as of the date of termination shall be immediately forfeited without further action by the Company; provided, however, that the portion, if any, of the RSUs that have not been settled (the "Outstanding RSUs") but for which the restrictions and risk of forfeiture have expired as of the date of termination shall not be forfeited.
		

		
			 
		

		
			6.         Change of Control of the Company.  In the event of a Change of Control, unless otherwise determined by the Committee in writing at or after the Grant Date, but prior to the occurrence of such Change of Control, the restrictions with respect to the RSUs shall lapse and such RSUs shall be deemed fully vested and nonforfeitable.
		

		
			 
		

		
			7.         Dividend Equivalents.  In the event that the Company declares and pays a cash dividend or distribution in respect of its outstanding shares of Stock and, on the record date for such dividend or distribution, Awardee holds  Outstanding RSUs, the amount of such dividend or distribution that would have been payable to Awardee if Awardee were the holder of record, on the record date for such dividend or distribution, of a number of shares of Stock equal to the number of Outstanding RSUs at such time (the "Dividend Equivalent Payment") will be paid to Awardee within 30 days following the date the dividend or distribution is paid to stockholders generally.
		

		
			 
		

		
			
		

		
			

		 

		

			2

		

 

		

		
			GENERAL TERMS AND PROVISIONS
		

		
			 
		

		
			8.         No Shareholder Rights.  The RSUs granted pursuant to this Agreement do not and will not entitle Awardee to any rights of a holder of Stock.  Awardee's rights with respect to the RSUs will remain forfeitable at all times prior to the date on which Awardee's rights become vested pursuant to this Agreement.
		

		
			 
		

		
			9.         Payment of Taxes.  The delivery of the Cash Payment pursuant to this Award is conditioned upon satisfaction of any withholding obligation described in this Section 9.  With respect to any required tax withholding obligation, the Company will withhold from the amount payable pursuant to this Award the amount of such obligation.  In the event that the Company subsequently determines that the amount withheld by the Company or submitted by the Awardee as payment of any tax withholding obligation is insufficient to discharge that tax withholding obligation, then the Awardee shall pay to the Company, immediately upon the Company's request, the amount of that deficiency in cash.
		

		
			 
		

		
			10.       Company Records.  Records of the Company or its Subsidiaries or Affiliates regarding any period(s) of employment, termination of employment and the reason therefor, leaves of absence, re-employment, and other matters shall be conclusive for all purposes hereunder, unless determined by the Company to be incorrect.
		

		
			 
		

		
			11.       Right of the Company and Subsidiaries to Terminate Employment.  Nothing contained in this Agreement shall confer upon the Awardee the right to continue in the employ of the Company or any Subsidiary or Affiliate, or interfere in any way with the rights of the Company or any Subsidiary or Affiliate to terminate the Awardee's employment at any time.
		

		
			 
		

		
			12.       No Liability for Good Faith Determinations.  The members of the Board and the Committee shall not be liable for any act, omission, interpretation or determination taken or made in good faith with respect to this Agreement or the RSUs granted hereunder and all members of the Board or the Committee and each and any officer or employee of the Company acting on their behalf shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any such action, determination or interpretation.
		

		
			 
		

		
			13.       Severability.  If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein.
		

		
			 
		

		
			14.       Successors.  This Agreement shall be binding upon the Awardee, their legal representatives, heirs, legatees and distributees, and upon the Company, its successors and assigns.
		

		
			 
		

		
			15.       Notices.  Any notices required by or permitted to be given to the Company under this Agreement shall be made in writing and addressed to the Secretary of the Company in care of the Company's Legal Department, 6300 Lamar Avenue, Overland Park, Kansas 66202.  Any such notice shall be deemed to have been given when received by the Company.
		

		
			 
		

		
			
		

		
			

		 

		

			3

		

 

		

		
			16.       Headings.  The titles and headings herein are included for convenience of reference only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.
		

		
			 
		

		
			17.       Rules of Construction.  This Agreement has been executed and delivered by the Company in Kansas and shall be construed and enforced in accordance with the laws of said State, other than any choice of law rules calling for the application of laws of another jurisdiction.  Should there be any inconsistency or discrepancy between the provisions of this Agreement and the terms and conditions of the Plan under which this Award is granted, the provisions in the Plan shall govern and prevail.
		

		
			 
		

		
			18.       Amendment.  This Agreement may be amended by the Committee; provided, however, that no amendment may decrease rights inherent in this Award prior to such amendment without the express written consent of the parties hereto.  Notwithstanding the provisions of this Section 18, this Agreement may be amended by the Committee to the extent necessary to comply with applicable laws and regulations and to conform the provisions of this Agreement to any changes thereto.
		

		
			 
		

		
			19.       Clawback.       This Agreement is subject to any written clawback policies that the Company, with the approval of the Board or the Committee, may adopt.  Any such policy may subject the Award and amounts paid or realized with respect to the Award to reduction, cancelation, forfeiture or recoupment if certain specified events or wrongful conduct occur, including but not limited to an accounting restatement due to the Company’s material noncompliance with financial reporting regulations or other events or wrongful conduct specified in any such clawback policy adopted to conform to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and rules promulgated thereunder by the Securities and Exchange Commission and that the Company determines should apply to this Agreement.
		

		
			 
		

		
			20.       Section 409A.  Amounts payable pursuant to this Agreement are intended to constitute a “short term deferral” within the meaning of Treasury Regulation § 1.409A-1(b)(4).
		

		
			 
		

		
			21.       Effective Date.  This Agreement is effective as of _____________, 20___.
		

		
			 
		

		
			
		

		

		 

		

			4

		

 

	
					
						

					
						 

					
					
						WADDELL & REED FINANCIAL, INC.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						"Company"

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						«Name»

				
	
					
						 

					
					
						 

					
					
						"Awardee"

				

		
			 
		

		 

		

			5Exhibit 10.1

 

AMENDED SHARE EXCHANGE AGREEMENT

 

This
SHARE EXCHANGE AGREEMENT, dated as of January 15, 2018 is made by and between SKYLAB USA, INC. (f/k/a Company Venture
Capital Corp.), a Florida corporation (the "Company"), and SKYLAB APPS INC. ("Skylab"), including
each of the persons listed on Exhibit A as a Skylab Shareholder (collectively, the "Skylab Shareholders," and
each individually a "Skylab Shareholder").

 

BACKGROUND

 

The
Skylab Shareholders have agreed to transfer to the Company, and the Company has agreed to acquire from the Skylab Shareholders,
all of the issued and outstanding shares of Skylab (the "Skylab Shares"), in exchange for Ninety Five Percent
(95%) of the common shares of the Company's Company Common Stock (the "Exchange Shares"), on the terms and conditions
as set forth herein.

 

ARTICLE
I.

DEFINITIONS

 

Section
1.1 Unless the context otherwise requires, the terms defined in this Article 1 will have the meanings herein specified for all
purposes of this Agreement, applicable to both the singular and plural forms of any of the terms herein defined.

 

"Company
Balance Sheet" means the Company balance sheet at December 31, 2017.

 

"Company
Board" means the Board of Directors of the Company.

 

"Company
Common Stock" means Company's common stock par value $0.0001 per share.

 

"Affiliate"
means any Person that directly or indirectly controls, is controlled by or is under common control with the indicated Person.

 

"Agreement"
means this Share Exchange Agreement, including all Schedules and Exhibits hereto, as this Share Exchange Agreement may be from
time to time amended, modified or supplemented by agreement of the parties.

 

"Skylab
Board" means the Board of Directors of Skylab.

 

"Skylab
Shares" means the One Hundred Percent (100%) of all issued and outstanding shares of common stock of Skylab, all of which
are held of record by the Skylab Shareholders. "Closing Date" has the meaning set forth in Article III.

 

"Code"
means the United States Internal Revenue Code of 1986, as amended.

 

"Commission"
means the United States Securities and Exchange Commission or any other federal agency then administering the Securities Act or
any successor statute.

 

"Company
Indemnified Party" has the meaning set forth in Section 11.2.

 

 

 

    	 	1	 

     

    

 

"Contract"
means any agreement, contract, obligation, promise, or undertaking (whether written or oral and whether express or implied) that
is legally binding.

 

"Damages"
means the actual losses, damages, liabilities, penalties, Taxes, interest and expenses (including reasonable attorneys' fees and
disbursements and other out-of-pocket expenses and costs incurred in connection with mitigating the Loss and investigating, preparing,
settling or defending any pending or threatened action, claim or proceeding (including those brought by third Persons)).

 

"Disclosure
Schedule" means the several schedules referred to and identified herein, setting forth certain disclosures, exceptions
and other information, data and documents referred to at various places throughout this Agreement.

 

"Environmental.
Laws" means any Law or other requirement relating to the environment, natural resources, or public or employee health
and safety.

 

"Environmental
Permit" means all licenses, permits, authorizations, approvals, franchises and rights required under any applicable Environmental
Law or Order.

 

"Equity
Security" means any stock or similar security, including, without limitation, securities containing equity features and
securities containing profit participation features, or any security convertible into or exchangeable for, with or without consideration,
any stock or similar security, or any security carrying any warrant, right or option to subscribe to or purchase any shares of
capital stock, or any such warrant or right.

 

"ERISA"
means the United States Employee Retirement Income Security Act of 1974, as amended.

 

"Exchange"
has the meaning set forth in Section 2.1.

 

"Exchange
Act" means the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations
of the Commission thereunder, all as the same are in effect from time to time.

 

"Exchange
Shares" means the shares of Company Common Stock being issued to the Skylab Shareholders pursuant hereto.

 

"Exhibits"
means the several exhibits referred to and identified in this Agreement.

 

"GAAP"
means, with respect to any Person, United States generally accepted accounting principles applied on a consistent basis with such
Person's past practices.

 

"Governmental
Authority" means any federal or national, state or provincial, municipal or local government governmental authority,
regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, political
subdivision, commission, court, tribunal, official, arbitrator or arbitral body, in each case whether United States or non-United
States with jurisdiction over any party hereto.

 

"Indebtedness"
means any obligation, contingent or otherwise. Any obligation secured by a Lien on, or payable out of the proceeds of, or production
from, property of the relevant party will be deemed to be Indebtedness.

 

"Intellectual
Property" means all industrial and intellectual property, including, without limitation, all United States and non-United
States patents, patent applications, patent rights, trademarks, trademark applications, common law trademarks, Internet domain
names, trade names, service marks, service mark applications, common law service marks, and the goodwill associated therewith,
copyrights, in both published and unpublished works, whether registered or unregistered, copyright applications, franchises, licenses,
know-how, trade secrets, technical data, designs, customer lists, confidential and proprietary information, processes and formulae,
all computer software programs or applications, layouts, inventions, development tools and all documentation and media constituting,
describing or relating to the above, including manuals, memoranda, and records, whether such intellectual property has been created,
applied for or obtained anywhere throughout the world.

 

 

 

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"Intellectual
Property Assets" has the meaning set forth in Section 5.17 below.

 

"Laws"
means, with respect to any Person, any United States or non-United States federal, national, state, provincial, local, municipal,
international, multilateral or other law (including common law), constitution, statute, code, ordinance, rule, regulation or treaty
applicable to such Person.

 

"Lien"
means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind, including, without limitation, any conditional
sale or other title retention agreement, any lease in the nature thereof and the filing of or agreement to give any financing
statement under the Uniform Commercial Code of any jurisdiction and including any lien or charge arising by Law.

 

"Material
Company Contract" means any and all agreements, contracts, arrangements, leases, commitments or otherwise, of the Company,
of the type and nature that the Company is required to file with the Commission.

 

"Material
Adverse Effect" means, when used with respect to the Company or Skylab, as the case may be, any change, effect or circumstance
which, individually or in the aggregate, would reasonably be expected to (a) have a material adverse effect on the business, assets,
financial condition or results of operations of the Company or Skylab, as the case may be, in each case taken as a whole or (b)
materially impair the ability of the Company or Skylab (or the Skylab Shareholders), as the case may be, to perform its (or their)
obligations under this Agreement, excluding any change, effect or circumstance resulting from (i) the announcement, pendency or
consummation of the transactions contemplated by this Agreement, (ii) changes in the United States securities markets generally,
or (iii) changes in general economic, currency exchange rate, political or regulatory conditions in industries in which the Company,
or Skylab, as the case may be, operate.

 

"Order"
means any award, decision, injunction, judgment, order, ruling, subpoena, or verdict entered, issued, made, or rendered by any
Governmental Authority.

 

"Ordinary
Course of Business" means an action taken by a Person will be deemed to have been taken in the "Ordinary Course
of Business" only if:

 

(a)          such
action is consistent with the past practices of such Person and is taken in the ordinary course of the normal day-to-day operations
of such Person;

 

(b)          such
action is not required to be authorized by the board of directors of such Person (or by any Person or group of Persons exercising
similar authority); and

 

(c)          such
action is similar in nature and magnitude to actions customarily taken, without any authorization by the board of directors (or
by any Person or group of Persons exercising similar authority); in the ordinary course of the normal day-to-day operations of
other Persons that are in the same line of business as such Person.

 

"Organizational
Documents" means (a) the articles or certificate of incorporation and the bylaws of a corporation; (b) the partnership
agreement and any statement of partnership of a general partnership; (c) the limited partnership agreement and the certificate
of limited partnership of a limited partnership; (d) the articles or certificate of formation and operating agreement of a limited
liability company; (e) any other document performing a similar function to the documents specified in clauses (a), (b), (c) and
(d) adopted or filed in connection with the creation, formation or organization of a Person; and (f) any and all amendments to
any of the foregoing.

 

 

 

    	 	3	 

     

    

 

"Permitted
Liens" means (a) Liens for Taxes not yet payable or in respect of which the validity thereof is being contested in good
faith by appropriate proceedings and for the payment of which the relevant Person has made adequate reserves; (b) Liens in respect
of pledges or deposits under workmen's compensation laws or similar Laws, carriers, warehousemen, mechanics, laborers and material
men and similar Liens, if the obligations secured by such Liens are not then delinquent or are being contested in good faith by
appropriate proceedings conducted and for the payment of which the relevant Person has made adequate reserves; (c) statutory Liens
incidental to the conduct of the business of the relevant Person which were not incurred in connection with the borrowing of money
or the obtaining of advances or credits and that do not in the aggregate materially detract from the value of its property or
materially impair the use thereof in the operation of its business; and (d) Liens that would not have a Material Adverse Effect.

 

"Person"
means all natural persons, corporations, business trusts, associations, companies, general partnerships, limited
partnerships, limited liability companies, joint ventures and other entities, governments, agencies and political
subdivisions.

 

"Proceeding"
means any action, arbitration, audit, hearing, investigation, litigation, or suit (whether civil, criminal, administrative or
investigative) commenced, brought, conducted, or heard by or before, or otherwise involving, any Governmental Authority.

 

"Related
Person" means, with respect to a particular individual:

 

(a)          each
other member of such individual's Family;

 

(b)          any
person that is directly or indirectly controlled by such individual or one or more members of such individual's family;

 

(c)          any
person in which such individual or members of such individual's family hold (individual or in the aggregate) a Material Interest;
and

 

(d)          any
person with respect to which such individual or one or more members of such individual's Family serves as a director, officer,
partner, executor; or trustee (or similar capacity)

 

With
respect to a specified Person other than an individual:

 

(e)          any
Person that directly or indirectly controls, is directly or indirectly controlled by, or is directly or indirectly under common
control with such specified Person;

 

(f)          any
person that holds a Material Interest in such specified Person;

 

(g)          each
Person that serves as a director, officer, partner, executor, or trustee of such specified Person (or in similar capacity);

 

(h)          any
Person in which such specified Person holds a Material Interest;

 

(i)          any
Person with respect to which such specified Person serves as a general partner or a trustee (or in such similar capacity); and

 

(j)          any
Related Person of any individual described in clause (b) or (c).

 

For
purposes of this definition, (a) the "Family" of an individual includes (i) the individual, (ii) the individual's
spouse and former spouses, (iii) any other natural person who is related to the individual or the individual's spouse within the
second degree, and (iv) any other natural person who resides with such individual, and (b) "Material
Interest" means direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Securities Exchange Act of
1934) of voting securities or other voting interests representing at least 5% of the outstanding voting power of a Person or equity
securities or other equity interests representing at least 5% of the outstanding equity securities or equity interests in a Person.

 

 

 

    	 	4	 

     

    

 

"Rule
144" means Rule 144 under the Securities Act, as the same may be amended from time to time, or any similar or successor
rule or regulation hereafter adopted by the Commission.

 

"Schedule
14F Filing" means an information statement to be filed by the Company on Schedule 14F under the Exchange Act following
the Closing.

 

"SEC
Documents" has the meaning set forth in Section 6.26.

 

"Section
4 (a)(2)" means Section 4(a)(2) of the Securities Act, as the same may be amended from time to time, or any successor
statute.

 

"Securities
Act" means the Securities Act of 1933, as amended, or any similar or successor federal statute, and the rules and regulations
of the Commission thereunder, all as the same will be in effect at the time.

 

"Subsidiary"
means, with respect to any Person, any other Person of which such Person (a) beneficially owns, either directly or indirectly,
more than 50% of (i) the total combined voting power of all classes of voting securities of such Person, (ii) the total combined
equity interests, or (iii) the capital or profit interests of such Person; or (b) otherwise has the power to control such Person.

 

"Survival
Period" has the meaning set forth in Section 11.1

 

"Tax"
or "Taxes" means all United States, other applicable federal, state or local taxes, charges, fees, levies, imposts,
duties and other assessments, as applicable, including, but not limited to, any income, alternative minimum or add-on, estimated,
gross income, gross receipts, sales, use, transfer, transactions, intangibles, ad valorem, value-added, franchise, registration,
title, license, capital, paid-up capital, profits, withholding, payroll, employment, unemployment, excise, severance, stamp, occupation,
premium, real property, recording, personal property, federal highway use, commercial rent, environmental (including, but not
limited to, taxes under Section 59A of the Code) or windfall profit tax, custom, duty or other tax, governmental fee or other
like assessment or charge of any kind whatsoever, together with any interest, penalties or additions to tax with respect to any
of the foregoing.

 

"Tax
Group" means any United States and other applicable federal, state, local or foreign consolidated, affiliated, combined,
unitary or other similar group of which the Company is now or was formerly a member.

 

"Tax
Return" means any return, declaration, report, claim for refund or credit, information return, statement or other similar
document filed with any Governmental Authority with respect to Taxes, including any schedule or attachment thereto, and including
any amendment thereof.

 

"Transaction
Documents" means, collectively, all agreements, instruments and other documents to be executed and delivered in connection
with the transactions contemplated by this Agreement.

 

"United
States" means the United States of America.

 

"United
States Dollars" or "US S"or "s" means the currency of the United States of America.

 

 

 

    	 	5	 

     

    

 

ARTICLE II.

EXCHANGE
OF SKYLAB SHARES AND SHARE CONSIDERATION

 

Section
2.1 Share Exchange. At the Closing, each Skylab Shareholder shall transfer to Company the number of Skylab Shares set forth
opposite each such Skylab Shareholder's name on Exhibit A, and, in consideration therefor, Company shall issue to such Skylab
Shareholder the number of Exchange Shares set forth opposite each Skylab Shareholder's name on Exhibit A (the "Exchange").

 

Section
2.2 Tax Withholding. Company shall be entitled to deduct and withhold from the Exchange Shares otherwise deliverable to
the Skylab Shareholders pursuant to this Agreement such amounts as the Company is required to deduct and withhold with respect
to the making of such payment under the Code or any provision of state, local, or foreign Tax Law. To the extent that amounts
are so withheld, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Skylab Shareholder
in respect of which such deduction and withholding was made.

 

Section
2.3 Section 368 Reorganization. For United States federal income tax purposes, the Exchange is intended to constitute a
"reorganization" within the meaning of Section 368(a)(I)(B) of the Code. The parties to this Agreement hereby adopt
this Agreement as a "plan of reorganization" within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the United
States Treasury Regulations. Notwithstanding the foregoing or anything else to the contrary contained in this Agreement, the parties
acknowledge and agree that no party is making any representation or warranty as to the qualification of the Exchange as a reorganization
under Section 368 of the Code or as to the effect, if any, that any transaction consummated prior to the Closing Date has or may
have on any such reorganization status. The parties acknowledge and agree that each (i) has had the opportunity to obtain independent
legal and tax advice with respect to the transaction contemplated by this Agreement, and (ii) is responsible for paying its own
Taxes, including without limitation, any adverse Tax consequences that may result if the transaction contemplated by this Agreement
is not determined to qualify as a reorganization under Section 368 of the Code.

 

Section
2.4 Directors and Officers of the Company at the Closing Date. Effective as of the Closing Date, Dean Grey shall be appointed
President and Director of the Company's Board.

 

ARTICLE
III. 

CLOSING DATE

 

The
closing of the Exchange will occur on January 15, 2018 or at such later or earlier date as all of the closing conditions set forth
in Articles VIII and IX have been satisfied or waived and as the parties have unanimously agreed (the "Closing
Date").

 

ARTICLE
IV.

REPRESENTATIONS
AND WARRANTIES OF THE SKYLAB SHAREHOLDERS

 

Each
Skylab Shareholder, severally and not jointly, hereby represents and warrants to the Company that the statements contained in
this Article IV are correct and complete as of the date of this Agreement and will be correct and complete as of the Closing
Date (as though made then and as though the Closing Date were substituted for the date of this Agreement throughout this Article
IV), except as set forth in the Disclosure Schedule accompanying this Agreement and initialed by the parties (the "Disclosure
Schedule"). The Disclosure Schedule will be arranged in paragraphs corresponding to the lettered and numbered paragraphs
contained in this Article IV. 

 

 

 

    	 	6	 

     

    

 

Section
4.1 Authority. Such Skylab Shareholder has the right, power, authority and capacity to execute and deliver this Agreement
and each of the Transaction Documents to which such Skylab Shareholder is a party, to consummate the transactions contemplated
by this Agreement and each of the Transaction Documents to which such Skylab Shareholder is a party, and to perform such Skylab
Shareholder's obligations under this Agreement and each of the Transaction Documents to which such Skylab Shareholder is a party.
This Agreement has been, and each of the Transaction Documents to which such Skylab Shareholder is a party will be, duly and validly
authorized and approved, executed and delivered by such Skylab Shareholder. Assuming this Agreement and the Transaction Documents
have been duly and validly authorized, executed and delivered by the parties thereto other than such Skylab Shareholder, this
Agreement is, and each of the Transaction Documents to which such Skylab Shareholder is a party have been, duly authorized, executed
and delivered by such Skylab Shareholder and constitutes the legal, valid and binding obligation of such Skylab Shareholder, enforceable
against such Skylab Shareholder in accordance with their respective terms, except as such enforcement is limited by general equitable
principles, or by bankruptcy, insolvency and other similar Laws affecting the enforcement of creditors rights generally.

 

Section
4.2 No Conflict. Neither the execution or delivery by such Skylab Shareholder of this Agreement or any Transaction Document
to which such Skylab Shareholder is a party, nor the consummation or performance by such Skylab Shareholder of the transactions
contemplated hereby or thereby will, directly or indirectly, contravene, conflict with, constitute a default (or an event or condition
which, with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of,
any agreement or instrument to which such Skylab Shareholder is a party or by which the properties or assets of such Skylab Shareholder
are bound; or (c) contravene, conflict with, or result in a violation of, any Law or Order to which such Skylab Shareholder, or
any of the properties or assets of such Skylab Shareholder, may be subject.

 

Section
4.3 Ownership of Skylab Shares. Such Skylab Shareholder owns, of record and beneficially, and has good, valid and indefeasible
title to and the right to transfer to the Company pursuant to this Agreement, such Skylab Shareholder's Skylab Shares free and
clear of any and all Liens. There are no options, rights, voting trusts, shareholder agreements or any other contracts or understandings
to which such Skylab Shareholder is a party or by which such Skylab Shareholder or such Skylab Shareholder's Skylab Shares are
bound with respect to the issuance, sale, transfer, voting or registration of such Skylab Shareholder's Skylab Shares. At the
Closing Date, the Company will acquire good, valid and marketable title to such Skylab Shareholder's Skylab Shares free and clear
of any and all Liens.

 

Section
4.4 Litigation. There is no pending Proceeding against such Skylab Shareholder that challenges, or may have the effect
of preventing, delaying or making illegal, or otherwise interfering with, any of the transactions contemplated by this Agreement
and, to the knowledge of such Skylab Shareholder, nor has any such Proceeding been threatened.

 

Section
4.5 No Brokers or Finders. Except as disclosed in Schedule 4.5, no Person has, or as a result of the transactions
contemplated herein will have, any right or valid claim against such Skylab Shareholder for any commission, fee or other compensation
as a finder or broker, or in any similar capacity.

 

Section
4.6 Investment Representations.

 

 

 

    	 	7	 

     

    

 

		(a)	Unregistered
                                         Shares. Each Skylab Shareholder understands and agrees that the Exchange Shares to
                                         be issued pursuant to this Agreement have not been registered under the Securities Act
                                         or the securities laws of any state of the United States or any foreign country and that
                                         the issuance of the Exchange Shares is being effected in reliance upon an exemption from
                                         registration afforded under Section 4(2) of the Securities Act for transactions by an
                                         issuer not involving a public offering.

 

		(b)	Stock
                                         Legends. Each Skylab Shareholder hereby agrees with the Company to the inclusion,
                                         as applicable of the following legends, or legends substantially similar, on the certificates
                                         for the Exchange Shares and any other legend required under any applicable Law, including,
                                         without limitation, any United States state corporate and state securities law, or contract:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),
OR ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED
OR OTHERWISE TRANSFERRED EXCEPT (I) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES
LAWS OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND APPLICABLE STATE SECURITIES LAWS,
IN WHICH CASE THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE ISSUER AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION
ARE REASONABLY SATISFACTORY TO THE ISSUER, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED
rN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND APPLICABLE STATE
SECURITIES LAWS.

 

(c)          Opinion.
No Skylab Shareholder will transfer any or all of the Exchange Shares absent an effective registration statement under the Securities
Act and applicable state securities laws covering the disposition of such Skylab Shareholder's Exchange Shares, without first
providing the Company with an opinion of counsel (which counsel and opinion are reasonably satisfactory to the Company) to the
effect that such transfer will be exempt from the registration and the prospectus delivery requirements of the Securities Act
and the registration or qualification requirements of any applicable United States state securities laws.

 

(d)          Consent.
Each Skylab Shareholder understands and acknowledges that Company may refuse to transfer the Exchange Shares, unless such Skylab
Shareholder complies with this Section 4.6. Each Skylab Shareholder consents to Company making a notation on its records
or giving instructions to any transfer agent of the Company's Common Stock in order to implement the restrictions on transfer
of the Exchange Shares.

 

(e)          Accredited
Investors. Each Skylab Shareholder is, or together with such Skylab Shareholder's Purchaser Representative, as such term is
defined in Rule 501(h) of Regulation D under the Securities Act, is, an "accredited investor" within the meaning
of Rule 501(a) (1), (2), (3) or (7) of Regulation D under the Securities Act.

 

 

 

    	 	8	 

     

    

 

(f)          Information.
Each Skylab Shareholder has received all information it has requested from Company that it considers necessary or appropriate
for deciding whether to acquire Company Common Stock, including, but not limited to, information meeting the requirements of Rule
502(b) of Regulation D under the Securities Act. Each Skylab Shareholder has had an opportunity to ask questions and receive answers
from Company regarding the terms of the Company Common Stock and to obtain any additional information necessary to verify the
accuracy of the information given to him or her.

 

(g)          Experience.
Each Skylab Shareholder has such knowledge and experience in financial and business matters that he or she is capable of evaluating
the merits and risk of an investment in the Company Common Stock and is able to bear the economic risk of such investment.

 

ARTICLE
V.

REPRESENTATIONS
AND WARRANTIES OF SKYLAB AND THE SKYLAB SHAREHOLDERS

 

Skylab
and the Skylab Shareholders, jointly and severally, represent and warrant to the Company that the statements contained in this
Article V are correct and complete as of the date of this Agreement and will be correct and complete (as though made then
and as though the Closing Date were substituted for the date of this Agreement throughout this Article V), except as set
forth in the Disclosure Schedule. The Disclosure Schedule will be arranged in paragraphs corresponding to the numbered and lettered
paragraphs contained in this Article V.

 

Section
5.1 Organization and Qualification. Skylab is duly organized and validly existing under the laws of the state of Delaware,
has the corporate power to carry on its business as presently conducted and as contemplated to be conducted, to own, hold and
operate its properties and assets as now owned, held and operated by it, to enter into this Agreement, to carry out the provisions
hereof except where the failure to be so organized, existing and, if .applicable, in good standing or to have such authority or
power will not, in the aggregate, either (1) have a Material Adverse Effect on Skylab or (ii) materially impair the ability of
the Skylab Shareholders each to perform their material obligations under this Agreement. Skylab is duly qualified, licensed or
domesticated as a foreign corporation in good standing in each jurisdiction wherein the nature of its activities or its properties
owned or leased makes such qualification, licensing or domestication necessary, except where the failure to be so qualified, licensed
or domesticated will not have a .Material Adverse Effect. Set forth on Schedule 5.1 is a list of those jurisdictions in which
Skylab presently conducts its business or owns, holds and operates its properties and assets.

 

Section
5.2 Subsidiaries. Skylab does not own directly or indirectly, any equity or other ownership interest in any Person.

 

Section
5.3 Articles of Incorporation and Bylaws. True, correct and complete copies of the Organizational Documents of Skylab have
been delivered to the Company prior to the execution of this Agreement, and no action has been taken to amend or repeal such Organizational
Documents. Skylab is not in violation or breach of any of the provisions of its Organizational Documents, except for such violations
or breaches as would not have a Material Adverse Effect.

 

Section
5.4 Authorization and Validity of this Agreement and the Transaction Documents. The recording of the transfer of the Skylab
Shares and the delivery of new certificates representing the Skylab Shares registered in the name of Company are within Skylab
Apps' corporate powers, have been duly authorized by all necessary corporate action, do not require from the Skylab Board or Skylab
Shareholders any consent or approval that has not been validly and lawfully obtained, and require no authorization, consent, approval,
license, exemption of or filing or registration with any Governmental Authority, as the case may be, except for those that, if
not obtained or made would not have a Material Adverse Effect.

 

 

 

    	 	9	 

     

    

 

Section
5.5 No Violations. None of the execution, delivery or performance by Skylab of this Agreement or any Transaction Document
to which Skylab is a party, nor the consummation by Skylab of the transactions contemplated hereby violates any provision of its
Organizational Documents, or violates or conflicts with, or constitutes a default (or an event or condition which, with notice
or lapse of time or both, would constitute a default) under, or results in'the termination or acceleration of, or results in the
creation of imposition of any Lien under, any agreement or instrument to which Skylab is a party or by which Skylab is or will
be bound or subject, or violates any Laws.

 

Section
5.6 Binding Obligations. Assuming this Agreement has been duly and validly authorized, executed and delivered by the Company
and the Skylab Shareholders, this Agreement is and all agreements or instruments contemplated hereby to which Skylab is a party,
will be, duly authorized, executed and delivered by Skylab and are the legal, valid and binding Agreement of Skylab and are enforceable
against Skylab in accordance with their respective terms, except as such enforcement is limited by general equitable principles,
or by bankruptcy, insolvency and other similar laws affecting the enforcement of creditors rights generally.

 

Section
5.7 Capitalization and Related Matters.

 

(a)          Capitalization.
The authorized capital stock of Skylab consists of 40,000,0000 shares of common stock, $.0001 par value each. There are no outstanding
or authorized options, warrants, calls, subscriptions, rights (including any preemptive rights or rights of first refusal), agreements
or commitments of any character obligating Skylab to issue any stock or any other Equity Securities of Skylab. All issued and
outstanding shares of Skylab's capital stock are duly authorized, validly issued, fully paid and non-assessable and have not been
issued in violation of any preemptive or similar rights.

 

(b)          No
Redemption Requirements. There are no outstanding contractual obligations (contingent or otherwise) of Skylab to retire, repurchase,
redeem or otherwise acquire any outstanding shares of capital stock of, or other Equity Securities in, Skylab or to provide funds
to or make any investment (in the form of a loan, capital contribution or otherwise) in any other Person.

 

(c)          Due
Authorization. The exchange of the Skylab Shares has been duly authorized, and the Skylab Shares have been validly issued
and are fully paid and non-assessable.

 

(d)          Shareholders.
Exhibit A contains a true and complete list of the names and addresses of the record and beneficial holders of all of the outstanding
capital stock of Skylab. No holder of Skylab Shares or any other Equity Security of Skylab or any other Person is entitled to
any preemptive right, right of first refusal or similar right as a result of the issuance of the Skylab Shares, the transactions
contemplated hereby or otherwise. There is no voting trust, agreement or arrangement among any of the Skylab Shareholders of any
capital stock of Skylab affecting the exercise of the voting rights of any such capital stock.

 

Section
5.8 Compliance with Laws; No Defaults. Except as would not have a Material Adverse Effect, the business and operations
of Skylab has been and is being conducted in accordance with all applicable Laws and all applicable Orders of all Governmental
Authorities. Except as would not have a Material Adverse Effect, Skylab is not, and is not alleged to be, in violation of, or
(with or without notice or lapse of time or both) in default under, or in breach of, any term or provision of its Organizational
Documents or of any indenture, loan or credit agreement, note, deed of trust, mortgage, security agreement or other material
agreement, lease, license or other instrument, commitment, obligation or arrangement to which Skylab is a party or by which any
of Skylab's properties, assets or rights are bound or affected. To the knowledge of Skylab, no other party to any material contract,
agreement, lease, license, commitment, instrument or other obligation to which Skylab is a party is (with or without notice or
lapse of time or both) in default thereunder or in breach of any term thereof. Skylab is not subject to any obligation or restriction
of any kind or character, nor is there, to the knowledge of Skylab, any event or circumstance relating to Skylab that materially
and adversely affects in any way its business, properties, assets or prospects or that would prevent or make burdensome its performance
of or compliance with all or any part of this Agreement or the consummation of the transactions contemplated hereby or thereby.

 

 

 

    	 	10	 

     

    

 

Section
5.9          Certain Proceedings. There is no pending Proceeding . that
has been commenced against Skylab and that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise
interfering with, any of the transactions contemplated by this Agreement. To Skylab's knowledge, no such Proceeding has been threatened.

 

Section
5.10          No Brokers or Finders. Except as disclosed in Schedule
5.10, no Person has, or as a result of the transactions contemplated hereby will have, any right or valid claim against Skylab
for any commission, fee or other compensation as a finder or broker, or in any similar capacity.

 

Section
5.11          Title to and Condition of Properties. Skylab owns or holds
under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the
business of Skylab as presently conducted, except where the failure to own or hold such property, plants, machinery and equipment
would not have a Material Adverse Effect.

 

Section
5.12          Books And Records. The minute books of Skylab contain accurate
and complete records of all meetings held and corporate action taken by, the shareholders, the Skylab Board, and committees of
the Skylab Board, and no meeting of any such shareholders, Skylab Board,' or committee has been held for which minutes have not
been prepared and are not contained in such minute books. At the Closing Date, all of those books and records will be in the possession
of Skylab.

 

Section
5.13          No Undisclosed Liabilities. Except as set forth in Schedule
5.13, Skylab has no liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent,
or otherwise) except for current liabilities incurred in the Ordinary Course of Business.

 

Section
5.14          Taxes.

 

(a)             
Except as set forth in, Schedule 5.14 Skylab filed or caused to be filed (on a timely basis since inception of Skylab)
all Tax Returns that are or were required to be filed by or with respect to it, either separately or as a member of a group of
corporations, pursuant to applicable Laws. Skylab has delivered to Company copies of all such Tax Returns filed since inception
of Skylab. Skylab has paid all taxes that have become due pursuant to those Tax Returns or otherwise, or pursuant to any assessment
received by Skylab, except such taxes, if any, as are listed in Schedule 5.14 and are being contested in good faith.

 

(b)            
The charges, accruals, and reserves with respect to Taxes on the respective books of Skylab are adequate (determined in
accordance with GAAP) and are at least equal to Skylab's liability for Taxes. All taxes that Skylab is or was required by Laws
to withhold or collect have been duly withheld or collected and, to the extent required, have been paid to the proper Governmental
Authority or other Person.

 

(c)          All
Tax Returns filed by (or that include on a consolidated basis) Skylab are true, correct, and complete. There is no tax sharing
agreement that will require any payment by Skylab after the date of this Agreement.

 

 

 

    	 	11	 

     

    

 

Section
5.15 Contracts: No Defaults.

 

(a)          Schedule 5.15 contains a complete and accurate
list of:

 

(i)          each Contract that involves performance of services or delivery of goods or materials by Skylab of an amount or value in
excess of $10,000;

 

(ii)         each Contract that involves performance of services or delivery of goods or materials to. Skylab of an amount or value
in excess of $10,000;

 

(iii)        each Contract that was not entered into in the Ordinary Course of Business and that involves expenditures or receipts of
Skylab in excess of $10,000;

 

(iv)        each lease, rental or occupancy agreement, license, installment and conditional sale agreement, and other Contract affecting
the ownership of, leasing of, title. to, use of, or any leasehold or other interest in, any real or personal property (except
personal property leases and installment and conditional sales agreements having a value per item or aggregate payments of less
than $10,000 and with terms of less than one year)

 

(v)         each licensing agreement or other Contract with respect to patents, trademarks, copyrights, or other intellectual property,
including agreements with current or former employees, consultants, or contractors regarding the appropriation or the nondisclosure
of any of the Intellectual Property Assets;

 

(vi)        each collective bargaining agreement and other Contract to or with any labor union or other employee representative of
a group of employees;

 

(vii)       each joint venture, partnership, and other Contract (however named) involving a sharing of profits, losses, costs, or liabilities
by Skylab with any other Person;

 

(viii)      each Contract containing covenants that in any way purport to restrict the business activity of Skylab or any Affiliate
of Skylab or limit the freedom of Skylab or any Affiliate of Skylab to engage in any line of business or to compete with any Person;

 

(ix)         each Contract providing for payments to or by any Person based on sales, purchases, or profits, other than direct payments
for goods;

 

(x)          each power of attorney that is currently effective and outstanding;

 

(xi)         each Contract entered into other than in the Ordinary Course of Business that contains or provides for an express undertaking
by Skylab to be responsible for consequential damages;

 

(xii)        each Contract for capital expenditures in excess of $10,000;

 

(xiii)       each written warranty, guaranty, or other similar undertaking with respect to contractual performance extended by Skylab
other than in the Ordinary Course of Business; and

 

(xiv)       each amendment, supplement, and modification (whether oral or written) in respect of any of the foregoing.

 

(xv)        Schedule 5.15 sets forth reasonably complete details concerning such Contracts, including the parties to the Contracts
and the amount of the remaining commitment of Skylab under the Contracts.

 

(b)          Except
as set forth in Schedule 5.15:

 

 

 

    	 	12	 

     

    

 

(xvi)      no officer, director or shareholder who owns in excess of five percent (5%) of the capital stock of Skylab (and no Related Person
of the foregoing) has nor may it acquire any rights under, any Contract that relates to the business of, or any of the assets
owned or used by Skylab; and

 

(xvii)      no officer, director, agent, employee, consultant, or contractor of Skylab is bound by any Contract that purports to limit the
ability of such officer, director, agent, employee, consultant, or contractor to (A) engage in or continue any conduct, activity,
or practice relating to the business of Skylab, or (B) assign to Skylab or to any other Person any rights to any invention, improvement,
or discovery.

 

(c)             
Except as set forth in Schedule 5.15, each Contract identified or required to be identified in Schedule 5.15
is in full force and effect and is valid and enforceable in accordance with its terms.

 

(d)            
Except as set forth in Schedule 5.15:

 

(xviii)      Skylab is, and at all times since inception has been, in full compliance with all applicable terms and requirements of each Contract
under which Skylab has or had any obligation or liability or by which Skylab or any of the assets owned or used by Skylab is or
was bound;

 

(xix)      each other Person that has or had any obligation or liability under any Contract under which Skylab has or had any rights is,
and at all times since inception has been, in full compliance with all applicable terms and requirements of such Contract;

 

(xx)      no event has occurred or circumstance exists that (with or without notice or lapse of time) may contravene, conflict with, or
result in a violation or breach of, or give Skylab or any other Person the right to declare a default or exercise any remedy under,
or to accelerate the maturity or performance of, or to cancel, terminate, or modify, any Contract; and

 

(xxi)      Skylab has not given to or received from any other Person, at any time since inception, any notice or other communication (whether
oral or written) regarding any actual, alleged, possible, or potential violation or breach of, or default under, any Contract.

 

(e)          There are no renegotiations of, attempts to renegotiate or outstanding rights to renegotiate any material amounts paid or payable
to Skylab under current or completed Contracts with any Person and no such Person has made written demand for such renegotiation.

 

Section 5.16 Employees.

 

(a)             
Schedule 5.16 contains a complete and accurate list of the following information for each employee or director of
Skylab, including each employee on leave of absence or layoff status; employer; name; job title; current compensation paid or
payable and any change in compensation since May 1, 2017; vacation accrued; and service credited for purposes of vesting and eligibility
to participate under Skylab' pension, retirement, profit-sharing, thrift- savings, deferred compensation, stock bonus, stock option,
cash bonus, employee stock ownership (including investment credit or payroll stock ownership), severance pay, insurance, medical,
welfare, or vacation plan, employee pension benefit plan or employee welfare benefit plan, or any other employee benefit plan
or any plan for directors.

 

(b)            
No employee or director of Skylab is a party to, or is otherwise bound by, any agreement or arrangement, including any
confidentiality, noncompetition, or proprietary rights agreement, between such employee or director and any other Person ("Proprietary
Rights Agreement") that in any way adversely affects or will affect (i) the performance of his duties as an employee
or director of Skylab, or (ii) the ability of Skylab to conduct its business, including any Proprietary Rights Agreement with
Skylab by any such employee or director.

 

 

 

    	 	13	 

     

    

 

Section 5.17 Intellectual
Property.

 

(a)          Intellectual
Property Assets. The term "Intellectual Property Assets" includes:

 

(i)          Skylab'
name, all fictional business names, trading names, registered and unregistered trademarks, service marks, and applications (collectively,
"Marks");

 

(ii)         all patents, patent applications, and inventions and discoveries that may be patentable (collectively, "Patents");

 

(iii)        all
copyrights in both published works and unpublished works (collectively, "Copyrights");

 

(iv)        all rights in mask works (collectively, "Rights in Mask Works"); and

 

(v)          all
know-how, trade secrets, confidential information, customer lists, software, technical information, data, process technology,
plans, drawings, and blue prints (collectively, "Trade Secrets"); owned, used, or licensed by Skylab as licensee or
licensor.

 

(b)          Agreements.
Schedule 5.17 contains a complete and accurate list and summary description, including any royalties paid or received by Skylab,
of all Contracts relating to the Intellectual Property Assets to which Skylab is a party or by which Skylab is bound, except for
any license implied by the sale of a product and perpetual, paid-up licenses for commonly available software programs with a value
of less than $10,000 under which Skylab is the licensee. There are no outstanding and no threatened disputes or disagreements
with respect to any such agreement.

 

(c)          Know-How Necessary for the Business.

 

(vi)           The
Intellectual Property Assets are all those necessary for the operation of Skylab's business as it is currently conducted or
as reflected in the business plan given to Company by Skylab. Skylab is the owner of all right, title, and interest in and
to each of the Intellectual Property Assets, free and clear of all liens, security interests, charges, encumbrances, or other
adverse claims, and has the right to use without payment to a third party all of the Intellectual Property Assets.

 

(vii)         
Except as set forth in Schedule 5.17, all former and current employees of Skylab have executed written Contracts
with Skylab that assign to Skylab all rights to any inventions, improvements, discoveries, or information relating to the business
of Skylab. No employee of Skylab has entered into any Contract that restricts or limits in any way the scope or type of work in
which the employee may be engaged or requires the employee to transfer, assign, or disclose information concerning his work to
anyone other than Skylab.

 

(d)          Patents.

 

(viii)         
Schedule
5.17 contains a. complete and accurate list and summary description of all Patents. Skylab is the owner of all right, title,
and interest in and to each of the Patents, free and clear of all liens, security interests, charges, encumbrances, and other
adverse claims.

 

(x)         
All of the issued Patents are currently in compliance with formal Laws (including payment of filing, examination, and maintenance
fees and proofs of working or use), are valid and enforceable, and are not subject to any maintenance fees or taxes or actions
falling due within ninety days after the Closing Date.

 

(x)        
No Patent has been or is now involved in any interference, reissue, reexamination, or opposition proceeding.

 

(xi)      
All products made, used, or sold under the Patents have been marked with the proper patent notice.

 

 

    	 	14	 

     

    

 

(e)       Trademarks.

 

(xii)    
Schedule 5.17 contains a complete and accurate list and summary description of all Marks. Skylab is the owner of
all right, title, and interest in and to each of the Marks, free and clear of all liens, security interests, charges, encumbrances,
equities, and other adverse claims.

 

(xiii)    All
Marks that have been registered with the United States Patent and Trademark Office are currently in compliance with all formal
Laws (including tile timely post-registration filing of affidavits of use and incontestability and renewal applications), are
valid and enforceable, and are not subject to any maintenance fees or taxes or actions falling due within ninety days after the
Closing Date.

 

(xiv)    No Mark has been or is now involved in any opposition, invalidation, or cancellation.

 

(xv)     All products and materials containing a Mark bear the proper federal registration notice where permitted by law.

 

(f)       Copyrights.

 

(xiv)  
Schedule 5.17 contains a complete and accurate list and summary description of all Copyrights. Skylab is the owner
of all right, title, and interest in and to each of the Copyrights, free and clear of all liens, security interests, charges,
encumbrances, equities, and other adverse claims.

 

(xv)    
All the Copyrights have been registered and are currently in compliance with formal Laws, are valid and enforceable, and
are not subject to any maintenance fees or taxes or actions falling due within ninety days after the date of Closing.

 

(xvi)  
All works encompassed by the Copyrights have been marked with the proper copyright notice.

 

(g)       Trade
Secrets.

 

(xvii)     With respect to each Trade Secret, the documentation relating to such Trade Secret is current, accurate, and sufficient in detail
and content to identify and explain it and to allow its full and proper use without reliance on the knowledge or memory of any
individual.

 

(xviii)     
Skylab has taken all reasonable precautions to protect the secrecy, confidentiality, and value of its Trade Secrets.

 

(xix)        Skylab has good title and an absolute (but not necessarily exclusive) right to use the Trade Secrets. The Trade Secrets
are not part of the public knowledge or literature, and, to Skylab's knowledge, have not been used, divulged, or appropriated
either for the benefit of any Person (other than Skylab) or to the detriment of Skylab. No Trade Secret is subject to any adverse
claim or has been challenged or threatened in any way.

 

Section
5.18 Certain Payments. Since inception, neither Skylab nor any director, officer, agent, or employee of Skylab, or other
Person associated with or acting for or on behalf of Skylab, has directly or indirectly (a) made any contribution, gift, bribe,
rebate, payoff, influence payment, kickback, or other payment to any Person, private or public, regardless of form, whether in
money, property, or services (i) to obtain favorable treatment in securing business, (ii) to pay for favorable treatment for business
secured, (iii) to obtain special concessions or for special concessions already obtained, for or in respect of Skylab or any Affiliate
of Skylab, or (iv) in violation of any Law, or (b) established or maintained any fund or asset that has not been recorded in the
books and records of Skylab.

 

 

 

    	 	15	 

     

    

 

Section
5.19 Relationships With Related Persons. Except as set forth in Schedule 5.19, no Related Person of Skylab has, or since
inception of Skylab has had, any interest in any property (whether real, personal, or mixed and whether tangible or intangible),
used in or pertaining to Skylab's business. No Related Person of Skylab is, or since inception of Skylab has owned (of record
or as a beneficial owner) an equity interest or any other financial or profit interest in, a Person that has (i) had business
dealings or a material financial interest in any transaction with Skylab, or (ii) engaged in competition with Skylab with respect
to any line of the products or services of Skylab (a "Competing Business") in any market presently served by
Skylab except for less than one percent of the outstanding capital stock of any Competing Business that is publicly traded on
any recognized exchange or in the over-the-counter market. Except as set forth in Schedule 5.19, no Related Person of Skylab
is a. party to any Contract with, or has any claim or right against, Skylab.

 

Section
5.20 Tax Treatment. Neither Skylab nor any of its Affiliates has taken or agreed to take any action, or is aware of any
fact or circumstance, that would prevent the Exchange from qualifying as a reorganization within the meaning of Section 368 of
the Code (a "368 Reorganization"). Skylab operates at least one significant historic business line, or owns at
least a significant portion of its historic business assets, in each case within the meaning of Treasury Regulation 1.368-1(d).

 

Section
5.21 Due Diligence Information. The due diligence information presented to Company by the Skylab Shareholders and Skylab
in connection with Company's due diligence investigation of Skylab, including each of the representations, warranties and covenants
of Skylab and each Skylab Shareholder in this Agreement, is complete and accurate in all material respects and does not contain
any untrue statement of a material fact or omit to state a material fact required to make the statements made, in light of the
circumstances under which they were made, not misleading.

 

Section
5.22 Assumptions, Guaranties, etc., of Indebtedness of Other Persons. Skylab has not assumed, guaranteed, endorsed or otherwise
be one directly or contingently liable for any material amount of indebtedness of any other Person (including, without limitation,
any liability by way of agreement, contingent or otherwise, to purchase, to provide funds for payment, to supply funds to or otherwise
invest in the debtor, or otherwise to assure the creditor against loss).

 

Section
5.23 No Material Adverse Effect. Since May 1, 2017 except as set forth in Schedule 5.23: (i) there has been no Material
Adverse Effect to the financial condition, or in the results of operations, affairs or prospects of Skylab, whether or not arising
in the Ordinary Course of Business; and (ii) there have been no transactions entered into by Skylab, other than those in the Ordinary
Course of Business, which are material to Skylab.

 

Section
5.24 No Other Agreement to Sell. Neither Skylab nor any Skylab Shareholder has any legal obligation, absolute or contingent,
to any other Person to sell, encumber or otherwise transfer Skylab, Skylab Shares, or Skylab' business (in whole or in part),
or effect any merger, consolidation, combination, share exchange, recapitalization, liquidation, dissolution or other reorganization
involving Skylab, or to enter into any agreement with respect thereto.

 

Section
5.25 Skylab Board Approval. The Skylab Board has, by unanimous written consent, determined that this Agreement and the
transactions contemplated by this Agreement, are advisable and in the best interests of the Skylab Shareholders. The
Company represents and warrants to the Skylab Shareholders and Skylab that the statements contained in this Article VI
are correct and complete as of the date of this Agreement and will be correct and complete as of the Closing Date (as though made
then and as though the Closing Date were substituted for the date of this Agreement throughout this Article VI), except
as set forth in the Disclosure Schedule. The Disclosure Schedule will be arranged in paragraphs corresponding to the numbered
and lettered paragraphs contained in this Article VI.

 

 

 

    	 	16	 

     

    

 

ARTICLE VI.

REPRESENTATIONS
AND WARRANTIES OF COMPANY

 

Section
6.1 Organization and Qualification. The Company is duly organized, validly existing and in good standing under the
laws of the State of Florida, has all corporate power to carry on their businesses as presently conducted and to own, hold
and operate its properties and assets as now owned, held and operated by it, except where the failure to be so organized,
existing and in good standing, or to have such authority and power, governmental licenses, authorizations, consents or
approvals would not have a Material Adverse Effect. The Company is duly qualified, licensed or domesticated as a foreign
corporation in good standing where the nature of its activities or its properties owned, held or operated makes such
qualification, licensing or domestication necessary, except where the failure to be so duly qualified, licensed or
domesticated and in good standing would not have a Material Adverse Effect

 

Section
6.2 Subsidiaries. Company has no Subsidiaries.

 

Section
6.3 Organizational Documents. True, correct and complete copies of the Organizational Documents of Company has been
delivered to Skylab prior to the execution of this Agreement, and no action has been taken to amend or repeal such Organizational
Documents. Company is not in violation or breach of any of the provisions of its Organizational Documents, except for such violations
or breaches as would not have a Material Adverse Effect.

 

Section
6.4 Authorization. The Company and Company have all corporate power to enter into this Agreement and each of the Transaction
Documents to which the Company is a party, to consummate the transactions contemplated by this Agreement and each of the Transaction
Documents to which the Company is a party and to perform their respective obligations under this Agreement and each of the Transaction
Documents to which the Company is a party. The execution, delivery and performance by the Company of this Agreement and each of
the Transaction Documents to which the Company is a party have been duly authorized by all necessary corporate action and do not
require from the Company Board or the shareholders of the Company any consent or approval that has not been validly and lawfully
obtained. The execution, delivery and performance by the Company of this Agreement and each of the Transaction Documents to which
the Company is a party requires no authorization, consent, approval, license, exemption of, or filing or registration with, any
Governmental Authority or other Person other than a Schedule 14F Filing and such other customary filings with the Commission for
transactions of the type contemplated by this Agreement.

 

Section
6.5 No Violation. Neither the execution nor the delivery by the Company of this Agreement or any Transaction Document
to which the Company is a party, nor the consummation or performance by the Company of the transactions contemplated hereby
or thereby will, directly or indirectly, (a) contravene, conflict with, or result in a violation of any provision of the
Organizational Documents of the Company; (b) contravene, conflict with, constitute a default (or an event or condition which,
with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of, or
result in the imposition or creation of any Lien under, any agreement or instrument to which Company is a party or by which
the properties or assets of Company are bound; (c) contravene, conflict with, or result in a violation of, any Law or Order
to which the Company are bound, or any of the properties or assets owned or used by Company, may be subject; or (d)
contravene, conflict with, or result in a violation of, the terms or requirements of, or give any Governmental Authority the
right to revoke, withdraw, suspend, cancel, terminate or modify, any licenses, permits, authorizations, approvals, franchises
or other rights held by Company or that otherwise relate to the business of, or any of the properties or assets owned or used
by Company, except, in the case of clause (b); (c), or (d), for any such contraventions, conflicts, violations, or other
occurrences as would not have a Material Adverse Effect.

 

 

 

    	 	17	 

     

    

 

Section
6.6 Binding Obligations. Assuming this Agreement and the Transaction Documents have been duly and validly authorized, executed
and delivered by the parties thereto other than the Company, this Agreement and each of the Transaction Documents to which the
Company is a party are duly authorized, executed and delivered by the Company and constitutes or will constitute the legal, valid
and binding obligations of the Company enforceable against the Company in accordance with its terms, except as such enforcement
is limited by general equitable principles, or by bankruptcy, insolvency and other similar Laws affecting the enforcement of creditors
rights generally.

 

Section
6.7 Securities Laws. Assuming the accuracy of the representations and warranties of the Skylab Shareholders contained in
Article IV, the issuance of the Exchange Shares pursuant to this Agreement (a) is exempt from the registration and prospectus
delivery requirements of the Securities Act, (b) has been registered or qualified (or are exempt from registration and qualification)
under the registration permit or qualification requirements of all applicable state securities Laws, and (c) has been accomplished
in conformity with all other applicable United States federal and state securities Laws.

 

Section
6.8 Capitalization and Related Matters.

 

(a)          Capitalization.
The authorized capital stock of Company consists of 900,000,000 shares of Company's common stock $.001 par value each, of which
1,256,629 shares are issued and outstanding, Preferred stock, $.001 par value, 750,000,000 shares authorized, 0 shares are issued
and outstanding, and Series "A" Preferred Stock, $0.001 par value, 100,000,000 shares designated, 0 shares are issued
and outstanding. All issued and outstanding shares of Company Common Stock and Class A convertible preferred stock are duly authorized,
validly issued, fully paid and non-assessable, and have not been issued in violation of any preemptive or similar rights. At the
Closing Date, Company will have sufficient authorized Company Common Stock and Preferred A Stock to consummate the transactions
contemplated hereby. Except as disclosed in the Company's SEC Documents, there are no outstanding options, warrants, purchase
agreements, participation agreements, subscription rights, conversion rights, exchange rights or other Equity Securities or contracts
that could require Company to issue, sell or otherwise cause to become outstanding any of its authorized but unissued shares of
capital stock or any Equity Securities or Equity Securities convertible into, exchangeable for or carrying a right or option to
purchase Equity Securities or to create, authorize, issue, sell or otherwise cause to become outstanding any new class of Equity
Securities. There are no outstanding shareholders' agreements, voting trusts or arrangements, registration rights agreements,
rights of first refusal or other contracts pertaining to the Equity Securities of Company. The issuance of all of the shares of
Company Common Stock described in this Section 6.8(a) have been in compliance with United States federal and state securities
Laws.

 

(b)          No
Redemption Requirements. Except as set forth in the SEC Documents (or in Section 9.10 below), there are no
outstanding contractual obligations (contingent or otherwise) of Company to retire, repurchase, redeem or otherwise acquire
any Equity Securities of shares of capital stock of, or other Equity Securities of, Company or to provide funds to or make
any investment (in the form of a loan, capital contribution or otherwise) in any other Person.

 

 

    	 	18	 

     

    

 

(c)          Due Authorization. The issuance of the Exchange Shares has been duly authorized and, upon delivery to the Skylab
Shareholders of certificates therefor in accordance with the terms of this Agreement, the Exchange Shares will have been validly
issued and fully paid, and will be non-assessable, have the rights, preferences and privileges specified, will be free of preemptive
rights and will be free and clear of all Liens and restrictions, other than Liens created by the Skylab Shareholders and restrictions
on transfer imposed by this Agreement and the Securities Act.

 

Section
6.9 Compliance with Laws. Except as would not have a Material Adverse Effect, the business and operations of Company have
been and are being conducted in accordance with all applicable Laws and Orders. Except as would not have a Material Adverse Effect,
Company has not received notice of any violation (or any Proceeding involving an allegation of any violation) of any applicable
Law or Order by or affecting such Company and, to the knowledge of Company, no Proceeding involving an allegation of violation
of any applicable Law or Order is threatened or contemplated. Except as would not have a Material Adverse Effect, Company is not
subject to any obligation or restriction of any kind or character, nor is there, to the knowledge of Company, any event or circumstance
relating to Company that materially and adversely affects in any way its business, properties, assets or prospects or that prohibits
Company from entering into this Agreement or would prevent or make burdensome its performance of or compliance with all or any
part of this Agreement or the consummation of the transactions contemplated hereby.

 

Section
6.10 Certain Proceedings. There is no pending Proceeding that has been commenced against Company. To the knowledge of
Company, no such Proceeding has been threatened.

 

Section
6.11 No Brokers or Finders. No Person has, or as a result of the transactions contemplated hereby will have, any right
or valid claim against Company for any commission, fee or other compensation as a finder or broker, or in any similar capacity.

 

Section
6.12 Absence of Undisclosed Liabilities. Except as set forth in SEC Documents or in Schedule 6.12, Company has no
debt, obligation or liability (whether accrued, absolute, contingent, liquidated or otherwise, whether due or to become due, whether
or not known to Company) arising out of any transaction entered into at or prior to the Closing Date or any act or omission at
or prior to the Closing Date. All debts, obligations or liabilities with respect to directors and officers will be cancelled prior
to the Closing. Except as set forth in Schedule 6.12, Company has not incurred any liabilities or obligations under agreements
entered into in the usual and ordinary course of business since July 15, 2013. Company Balance Sheet provides a true and fair
view of the assets and liabilities (whether accrued, absolute, contingent, liquidated or otherwise, whether due or to become due,
whether or not known to Company) as at July 15, 2013.

 

Section
6.13 Changes. Except as set forth in the SEC Documents, Schedule 6.13 or in Section 9.9 below, Company has, since
May 1, 2017, conducted its business in the ordinary course and has not:

 

(a)          Non-Ordinary Course Transactions. Entered into any transaction other than in the Ordinary Course of Business, except
for this Agreement.

 

(b)          Adverse Changes. Suffered or experienced any change in, or affecting, its condition (financial or otherwise), properties,
assets, liabilities, business, operations, results of operations or prospects other than changes, events or conditions in the
Ordinary Course of Business, none of which would have a Material Adverse Effect;

 

 

 

    	 	19	 

     

    

 

(c)          Loans. Made any loans or advances to any Person;

 

(d)          Liens. Created or permitted to exist any Lien on any material property or asset of Company, other than Permitted Liens;

 

(e)          Capital Stock. Issued, sold, disposed of or encumbered, or authorized the issuance, sale, disposition or encumbrance
of, or granted or issued any option to acquire any shares of its capital stock or any other of its securities or any Equity Security,
or altered the term of any of its outstanding securities or made any change in its outstanding shares of capital stock or its
capitalization, whether by reason of reclassification, recapitalization, stock split, combination, exchange or readjustment of
shares; stock dividend or otherwise;

 

(f)          Dividends.
Declared, set aside, made or paid any dividend or other distribution to any of its shareholders;

 

(g)          Material Contracts. Terminated or modified any Material Company Contract, except for termination upon 'expiration
in accordance with the terms thereof;

 

(h)          Claims. Released, waived or cancelled any claims or rights relating to or affecting Company in excess of $10,000
in the aggregate or instituted or settled any Proceeding involving in excess of $10,000 in the aggregate;

 

(i)          Discharge of Liabilities. Paid, discharged or satisfied any claim, obligation or liability in excess of $10,000
in the aggregate, except for claims, obligations or liabilities incurred prior to the date of this Agreement in the Ordinary Course
of Business;

 

(j)          Indebtedness. Created, incurred, assumed or otherwise become liable for any Indebtedness in excess of $10,000 in
the aggregate, other than professional fees relating to the SEC Documents or the transactions contemplated hereby;

 

(k)          Guarantees. Guaranteed or endorsed in a material amount any obligation or net worth of any Person;

 

(l)          Acquisitions.
Acquired the capital stock or other securities or any ownership interest in, or substantially all of the assets of, any other
Person;

 

(m)          Accounting. Changed its method of accounting or the accounting principles or practices utilized in the preparation
of its financial statements, other than as required by GAAP;

 

(n)          Agreements. Except as set forth in the SEC Documents, Schedule 6.13 or in Section 9.9 below, entered
into any agreement, or otherwise obligated itself, to do any of the foregoing.

 

Section
6.14 Material Contracts.

 

(a)          Except to the extent filed with the SEC Documents, Company has made available to Skylab, prior to the date of this Agreement,
true, correct and complete copies of each written Material Company Contract, including each amendment, supplement and modification
thereto.

 

(b)          Absence of Defaults. Each Material Company Contract is a valid and binding agreement of Company and, to the knowledge
of Company, the other parties thereto; each such

 

    	 	20	 

     

    

 

(c)          Real Property Holding Company. Company is not and has not been a United States real property holding corporation
within the meaning of Section 897(c)(2) of the Code at any time during the applicable period specified in Section 897(c)(1)(A)(ii)
of the Code.

 

(d)          No Tax Allocation or Sharing Agreements. Company is not a party to any Tax allocation or sharing agreement. Company
(a) has not been a member of a Tax Group filing a consolidated income Tax Return under Section 1501 of the Code (or any similar
provision of state, local or foreign law), and (b) has no liability for Taxes for any Person under Treasury Regulations Section
1.1502-6 (or any similar provision of Law) as a transferee or successor, by contract or otherwise.

 

(e)          No
Other Tax Related Agreements. Company is not a party to any agreement, contract or arrangement for services that would result,
individually or in the aggregate, in the payment of any amount that would not be deductible by reason of Section 162(m), 280G
or 404 of the Code. Company is not a "consenting corporation" within the meaning of Section 341(f) of the Code.
Company does not have any "tax-exempt bond financed property" or "tax-exempt use property" within
the meaning of Section 168(g) or (h), respectively of the Code. Company does not have any outstanding closing agreement, ruling
request, request for consent to change a method of accounting, subpoena or request for information to or from a Governmental Authority
in connection with any Tax matter. During the last two years, Company has not engaged in any exchange with a related party (within
'the meaning of Section 1031(±) of the Code) under which gain realized was not recognized by reason of Section 1031 of
the Code.

 

Section
6.15 Material Assets. The financial statements of Company set forth in the Company Balance Sheet reflect the material properties
and assets (real and personal) owned or leased by Company.

 

Section
6.16 Insurance. Company has made available to Skylab, prior to the date of this Agreement, true, correct and complete copies
of any insurance policies maintained by Company on their properties and assets. Except as would not have a Material Adverse Effect,
all of such policies (a) taken together, provide adequate insurance coverage for the properties, assets and operations of each
Company for all risks normally insured against by a Person carrying on the same business as such Company, and (b) are sufficient
for compliance with all applicable Laws and Material Company Contracts. Except as would not have a Material Adverse Effect, all
of such policies are valid, outstanding and in full force and effect and, by their express terms, will continue in full force
and effect following the consummation of the transactions contemplated by this Agreement. Except as set forth in the SEC Documents
or Schedule 6.18, Company has not received (x) any refusal of coverage or any notice that a defense will be afforded with
reservation of rights, or (y) any notice of cancellation or any other indication that any insurance policy is no longer in full
force or effect or will not be renewed or that the issuer of any policy is not willing or able to perform its obligations thereunder.
All premiums due on such insurance policies on or prior to the date hereof have been paid. There are no pending claims with respect
to Company or its properties or assets under any such insurance policies, and there are no claims as to which the insurers have
notified Company that they intend to deny liability. There is no existing default under any such insurance policies.

 

 

 

    	 	21	 

     

    

 

Section
6.17 Litigation; Orders. Except as set forth in the SEC Documents or Schedule 6.19 there is no Proceeding (whether federal,
state, local or foreign) pending or, to the knowledge of Company, threatened against or affecting Company or Company's properties,
assets, business or employees. To the knowledge of Company, there is no fact that might result in or form the basis for Material
Company Contract is in full force and effect. Except as would not have a Material Adverse Effect, Company is not in breach or
default of any Material. Company Contract to which it is a party and, to the knowledge of Company, no other party to any Material
Company Contract is in breach or default thereof. Except as would not have a Material Adverse Effect, no event has occurred or
circumstance exists that (with or without notice or lapse of time) would (a) contravene, conflict with or result in a violation
or breach of, or become a default or event of default under, any provision of any Material Company Contract or (b) permit Company
or any other Person the right to declare a default or exercise any remedy under, or to accelerate the maturity or performance
of, or to cancel, terminate or modify any Material Company Contract. Company has not received notice of the pending or threatened
cancellation, revocation or termination of any Material Company Contract to which it is a party. There are no renegotiations of,
or attempts to renegotiate, or outstanding rights to renegotiate any material terms of any Material Company Contract.

 

Section 6.18
Employees.

 

(a)          Company has no employees, independent contractors or other Persons providing research or other services to it. Except as
would not have a Material Adverse Effect, Company is and has been in full compliance with all Laws regarding employment, wages,
hours, benefits, equal opportunity, collective bargaining, the payment of Social Security and other taxes, occupational safety
and health and plant closing. Company is not liable for the payment of any compensation, damages, taxes, fines, penalties or other
amounts, however designated, for failure to comply with any of the foregoing Laws.

 

(b)          No director, officer or employee of Company is a party to, or is otherwise bound by, any Contract (including any confidentiality,
noncompetition or proprietary rights agreement) with any other Person and each employee of Company is employed on an at-will basis.

 

Section
6.19 Tax Returns and Audits. 

 

(a)          Tax Returns. The Company has filed all Tax Returns required to be filed by or on behalf of Company and has paid
all Taxes of Company required to have been paid (whether or not reflected on any Tax Return). Except as set forth in the SEC Documents,
(a) no Governmental Authority in any jurisdiction has made a claim, assertion or threat to Company that Company is or may be subject
to taxation by such jurisdiction; (b) there are no Liens with respect to Taxes on Company's property or assets other than Permitted
Liens; and (c) there are no Tax rulings, requests for rulings, or closing agreements relating to Company for any period (or portion
of a period) that would affect any period after the date hereof.

 

(b)          No Adjustments or Changes. Neither Company nor any other Person on behalf of Company (a) has executed or entered
into a closing agreement pursuant to Section 7121 of the Code or any predecessor provision thereof or any similar provision of
Law; or (b) has agreed to or is required to make any adjustments pursuant to Section 481(a) of the Code or any similar provision
of Law.

 

(c)          No
Disputes. There is no pending audit, examination, investigation, dispute, Proceeding or claim with respect to any Taxes of
Company, nor is any such claim or dispute pending or contemplated, nor is there any basis for any such dispute, Proceeding or
claim. Company has delivered to Skylab true, correct and complete copies of all Tax Returns, if any, examination reports and statements
of deficiencies assessed or asserted against or agreed to by Company since its inception and any and all correspondence with respect
to the foregoing.

 

 

 

    	 	22	 

     

    

 

any such Proceeding. Company
is not subject to any Orders.

 

Section
6.20 Licenses. Except as would not have a Material Adverse Effect, Company possesses from the appropriate Governmental
Authority all licenses, permits, authorizations, approvals, franchises and rights that are necessary for Company to engage in
its business as currently conducted and to permit Company to own and use its properties and assets in the manner in which it currently
owns and uses such properties and assets (collectively, " Company Permits"). Company has not received notice
from any Governmental Authority or other Person that there is lacking any license, permit, authorization, approval, franchise
or right necessary for Company to engage in its business as currently conducted and to permit Company to own and use its properties
and assets in the manner in which it currently owns and uses such properties and assets. Except as would not have a Material Adverse
Effect, Company Permits are valid and in full force and effect. Except as would not have a Material Adverse Effect, no event has
occurred or circumstance exists that may (with or without notice or lapse of time): (a) constitute or result, directly or indirectly,
in a violation of or a failure to comply with any Company Permit; or (b) result, directly or indirectly, in the revocation, withdrawal,
suspension, cancellation or termination of, or any modification to, any Company Permit. Company has not received notice from any
Governmental Authority or any other Person regarding: (a) any actual, alleged, possible or potential contravention of any Company
Permit; or (b) any actual, proposed, possible or potential revocation, withdrawal, suspension, cancellation, termination of, or
modification to, any Company Permit. All applications required to have been filed for the renewal of such Company. Permits have
been duly filed on a timely basis with the appropriate Persons, and all other filings required to have been made with respect
to such Company Permits have been duly made on a timely basis with the appropriate Persons. All Company Permits are renewable
by their terms or in the ordinary course of business without the need to comply with any special qualification procedures or to
pay any amounts other than routine fees or similar charges, ail of which have, to the extent due, been duly paid.

 

Section
6.21 Interested Party Transactions. Except as set forth in Schedule 6.21, no officer, director or shareholder of
Company or any Affiliate or "associate" (as such term is defined in Rule 405 under the Securities Act) of any
such Person, has or has had, either directly or indirectly, (1) an interest in any Person which (a) furnishes or sells services
or products which are furnished or sold or are proposed to be furnished or sold by Company, or (b) purchases from or sells or
furnishes to, or proposes to purchase from, sell to or furnish any Company any goods or services; or (2) a beneficial interest
in any contract or agreement to which Company is a party or by which it may be bound or affected.

 

Section
6.22 Governmental Inquiries. The Company has provided to Skylab a copy of each material written inspection report, questionnaire,
inquiry, demand or request for information received by Company from any Governmental Authority, and Company's response thereto,
and each material written statement, report or other document filed by Company with any Governmental Authority.

 

Section
6.23 Bank Accounts and Safe Deposit Boxes. Company does not use a deposit or financial account, a lock box, or a safety
deposit box, in its business as presently conducted.

 

Section
6.24 Intellectual Property. Company does not own, use or license any Intellectual Property in its business as presently
conducted, except as set forth in the SEC Documents. None of the Intellectual Property, if any, owned by Company infringes on
the rights of any person. Adverse Effect, Company owns good and marketable title to, or holds under valid leases or other
rights to use, all real property, plants, machinery, equipment and other personal property necessary for the conduct of its business
as presently conducted, free and clear of all Liens, except Permitted Liens. The material buildings, plants, machinery and equipment
necessary for the conduct of the business of Company as presently conducted are structurally sound, are in good operating condition
and repair and are adequate for the uses to which they are being put, and none of such buildings, plants, machinery or equipment
is in need of maintenance or repairs, except for ordinary, routine maintenance and repairs that are not material in nature or
cost.

 

 

 

    	 	23	 

     

    

 

Section
6.25 SEC Documents & Financial Statements. The Company has filed all reports required to be filed by it under the Exchange
Act, including pursuant to Section 13(a) or 15(d) thereof, for the three (3) years preceding the date hereof (the foregoing materials
being collectively referred to herein as the "SEC Documents") and is current with respect to its Exchange Act
filing requirements. As of their respective dates, the SEC Documents complied in all material respects with the requirements of
the Securities Act and the Exchange Act and the rules and regulations of the Commission promulgated thereunder, and none of the
SEC Documents, when filed, contained any untrue statement of a material fact or omitted to state a material fact required to be
stated therein or necessary in order to make the statement therein, in light of the circumstances under which they were made,
not misleading. The financial statements of the Company included in the SEC Documents comply in all material respects with applicable
accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the time of filing,
were prepared in accordance with GAAP applied on a consistent basis during the periods involved (except as may be indicated in
the notes thereto, or, in the case of unaudited statements as permitted by Form 10-QSB adopted by the Commission), and fairly
present in all material respects (subject in the case of unaudited statements, to normal, recurring audit adjustments) the financial
position of Company as at the dates thereof and the results of its operations and cash flows for the periods then ended. Company
is not aware of any facts which would make Company Common Stock ineligible for quotation on the OTC Bulletin Board.

 

Section 6.26 Stock
Option Plans; Employee Benefits.

 

(a)          Stock Option Plans. Company has no stock option plans providing for the grant by Company of stock options to directors,
officers or employees.

 

(b)          Employee Benefit Plans. Company has no employee benefit plans or arrangements covering its present and former employees
or providing benefits to such persons in respect of services provided Company.

 

Section
6.27 Environmental and Safety Matters. Except as set forth in the SEC Documents and except as would not have a Material
Adverse Effect, Company has at all times been and is in compliance with all Environmental Laws applicable to Company. There are
no Proceedings pending or threatened against Company alleging the violation of any Environmental Law or Environmental Permit applicable
to Company or alleging that Company is a potentially responsible party for any environmental site contamination. Neither this
Agreement nor the consummation of the transactions contemplated by this Agreement shall impose any obligations to notify or obtain
the consent of any Governmental Authority or third Persons under any Environmental Laws applicable to Company.

 

Section
6.28 Money Laundering Laws. The operations of the Company and Company are and have been conducted at all times in compliance
with applicable financial rccordkeeping and reporting requirements of the Currency and Foreign
Transactions Reporting Act of 1970, as amended, the money laundering statutes of all Governmental Authorities, and the rules and
regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any Governmental
Authority (collectively, the "Money Laundering Laws") and no Proceeding involving the Company or Company with
respect to the Money Laundering Laws is pending or, to the knowledge of the Company or Company, threatened.

 

Section
6.29 Board Approval. The Company and Company Board, at a meeting duly called and held, has determined that this Agreement
and the transactions contemplated by this Agreement are advisable and in the best interests of Company's shareholders.

 

 

 

    	 	24	 

     

    

 

ARTICLE VII.

COVENANTS

 

Section
7.1 Rule 144 Reporting. With a view to making available to the Company's shareholders the benefit of certain rules and
regulations of the Commission which may permit the sale of the Company Common Stock to the public without registration, from and
after the Closing Date, the Company agrees to make and keep public information available, as those terms are understood and defined
in Rule 144; and file with the Commission, in a timely manner, all reports and other documents required of the Company under the
Exchange Act.

 

Section
7.2 Notice of Developments. From and after the execution of this Agreement, each party will give prompt written notice
to the other party of any material adverse development causing a breach or likely breach of any of its covenants in this Agreement.

 

Section
7.3 Access. From and after the execution of this Agreement, each party will provide to each other party and such party's
employees, agents, representative and advisors (including counsel and accountants (collectively, "Representatives"),
complete access to all information necessary to complete its due diligence review and to cooperate fully with such party in connection
with its due diligence review, in each case as specified in this Agreement.

 

ARTICLE VIII.

CONDITIONS
PRECEDENT OF COMPANY

 

The
Company's obligation to acquire the Skylab Shares and to take the other actions required to be taken by Company at the Closing
Date is subject to the satisfaction, at or prior to the Closing Date, of each of the following conditions (any of which may be
waived by Company, in whole or in part):

 

Section
8.1 Accuracy of Representations. The representations and warranties of Skylab and the Skylab Shareholders set forth in
this Agreement or in the Disclosure Schedule or in any certificate delivered pursuant hereto that are not qualified as to materiality
shall be true and correct in all material respects at and as of the Closing Date except to the extent a representation or warranty
is expressly limited by its terms to another date. The representations and warranties of Skylab and the Skylab Shareholders set
forth in this Agreement or in the Disclosure Schedule or any certificate delivered pursuant hereto that are qualified as to materiality
shall be true and correct in all respects at and as of the Closing Date, except to the extent a representation or warranty is
expressly limited by its terms to another date.

 

Section
8.2 Performance by Skylab and the Skylab Shareholders. All of the covenants and obligations that Skylab and Skylab
Shareholders are required to perform or to comply with pursuant to this Agreement (considered collectively), and each of
these covenants and obligations (considered individually), must have been duly performed and complied with in all material
respects. Each document required to be delivered by Skylab arid the Skylab Shareholders pursuant to this Agreement must have
been delivered.

 

 

 

    	 	25	 

     

    

 

Section
8.3 No Force Majeure Event. There shall not have been any delay, error, failure or interruption in the conduct of the business
of Skylab, or any loss, injury, delay, damage, distress, or other casualty, due to force majeure, including but not limited to
(a) acts of God; (b) fire or explosion; (c) war, acts of terrorism or other civil unrest; or (d) national emergency.

 

Section
8.4 Officer's Certificate. Skylab will have delivered to the Company a certificate executed by an officer of Skylab, certifying
the satisfaction by Skylab of each of the conditions specified in Sections 8.1 through 8.3 and 8.6 through 8.9. 

 

Section
8.5 Skylab Shareholders' Certificate. The majority Skylab Shareholder will have delivered to the Company a certificate
executed by such Skylab Shareholder, certifying the satisfaction of the conditions of the Skylab Shareholders specified in Sections
8.1, 8.2, 8.6, 8.7, & 8.8.

 

Section
8.6 Consents. All material consents, waivers, approvals, authorizations or orders required to be obtained, and all filings
required to be made, by Skylab and/or the. Skylab Majority Shareholder for the authorization, execution and delivery of this Agreement
and the consummation by them of the transactions contemplated by this Agreement, shall have been obtained and made by Skylab or
the Skylab Shareholders, as the case may be, except where the failure to receive such consents, waivers, approvals, authorizations
or orders or to make such filings would not have a Material Adverse Effect on Skylab or the Company.

 

Section
8.7 Documents. Skylab and the Skylab Shareholders shall have delivered to the Company at the Closing (a) share certificates
evidencing the number of Skylab Shares held by each Skylab Shareholder (as set forth in Exhibit A), along with executed share
transfer forms transferring such Skylab Shares to the Company together with a certified copy, if required, of a board resolution
of Skylab approving the registration of the transfer of such shares to Company (subject to Closing); (b) each of the Transaction
Documents to which Skylab and/or the Skylab Shareholders is a party, duly executed; (c) a Secretary's Certificate, dated as of
the Closing Date certifying attached copies of (I) the Organizational Documents of Skylab, (ii) the resolutions of the Skylab
Board approving this Agreement and the transactions contemplated hereby; and (iii) the incumbency of each authorized officer of
Skylab signing this Agreement and any other agreement or instrument contemplated hereby to which Skylab is a party; (d) a Certificate
of Good Standing of Skylab; and (e) and such other documents as the Company may reasonably request for the purpose of (i) evidencing
the accuracy of any of the representations and warranties of Skylab and the Skylab Shareholders pursuant to Section 8.1, (ii)
evidencing the performance of, or compliance by Skylab and the Skylab Shareholders with, any covenant or obligation required to
be performed or complied with by Skylab or the Skylab Shareholders, as the case may be, (iii) evidencing the satisfaction of any
condition referred to in this Article VIII, or (iv) otherwise facilitating the consummation or performance of any of the
transactions contemplated by this Agreement.

 

Section
8.8 No Proceedings. There must not have been commenced or threatened by any third party against the Company, Skylab or
any Skylab Shareholder, or against any Affiliate thereof, any Proceeding (which Proceeding remains unresolved as of the Closing
Date) (a) involving any challenge to, or seeking damages or other relief in connection with, any of the transactions contemplated
by this Agreement, or (b) that may have the effect of preventing, delaying, making illegal, or otherwise interfering with any
of the transactions contemplated by this Agreement.

 

 

 

    	 	26	 

     

    

 

Section 8.9 No Claim Regarding Stock Ownership or Consideration. There
shall not have been made or threatened by any Person any claim asserting that such Person (a) is the holder of, or has the right
to acquire or to obtain beneficial ownership of the Skylab Shares or any other stock, voting, equity, or ownership interest in,
Skylab, or (b) is entitled to all or any portion of the Company Shares.

 

ARTICLE IX.

CONDITIONS
PRECEDENT OF COMPANY AND THE S KYLAB SHAREHOLDERS

 

Skylab
and the Skylab Shareholders' obligation to transfer the Skylab Shares and the obligations of Skylab to take the other actions
required to be taken by Skylab in advance of or at the Closing Date are subject to the satisfaction, at or prior to the Closing
Date, of each of the following conditions (any of which may be waived by Skylab and the Skylab Shareholders jointly, in whole
or in part):

 

Section
9.1 Accuracy of Representations. The representations and warranties of the Company set forth in this Agreement or in the
Disclosure Schedule or in any certificate delivered pursuant hereto that are not qualified as to materiality shall be true and
correct in all material aspects at and as of the Closing Date except to the extent a representation or warranty is expressly limited
by its terms to another date. The representations and warranties of the Company set forth in this Agreement or in the Disclosure
Schedule or in any certificate delivered pursuant hereto that are qualified- as to materiality shall be true and correct in all
respects at and as of the Closing Date, except to the extent a representation or warranty is expressly limited by its terms to
another date.

 

Section 9.2 Performance
by the Company.

 

(a)          All of the covenants and obligations that the Company are required to perform or to comply with pursuant to this Agreement
(considered collectively), and each of these covenants and obligations (considered individually), must have been performed and
complied with in all respects.

 

(b)          Each document required to be delivered by the Company pursuant to this Agreement must have been delivered.

 

Section
9.3 No Force Majeure Event. There shall not have been any delay, error, failure or interruption in the conduct of the business
of the Company, or any loss, injury, delay, damage, distress, or other casualty, due to force majeure including but not limited
to (a) acts of God; (b) fire or explosion; (c) war, acts of terrorism or other civil unrest; or (d) national emergency.

 

Section
9.4 Certificate of Officer. The Company will have delivered to Skylab a certificate, dated the Closing Date, executed
by an officer of the Company, certifying the satisfaction of the conditions specified in Sections 9.1, 9.2, 9.3, 9.9 and
9.10.

 

Section
9.5 Consents. All material consents, waivers, approvals, authorizations or orders required to be obtained, and all filings
required to be made, by the Company for the authorization, execution and delivery of this Agreement and the consummation by it
of the transactions contemplated by this Agreement, shall have been obtained and made by the Company , except where the failure
to receive such consents, waivers, approvals, authorizations or orders or to make such filings would not have a Material Adverse
Effect on Skylab or the Company.

 

 

 

    	 	27	 

     

    

 

Section 9.6 Documents. Company must have caused the following documents to be delivered
to Skylab and/or the Skylab Shareholders:

 

(a)          Share certificates evidencing Company's portion of the Exchange Shares (as set forth in Exhibit A);

 

(b)          a Secretary's Certificate, dated as of the Closing Date certifying attached copies of (A) the Organizational Documents
of the Company, (B) the resolutions of the Company Board approving this Agreement and the transactions contemplated hereby; and
(C) the incumbency of each authorized officer of the Company signing this Agreement and any other agreement or instrument contemplated
hereby to which the Company is a party;

 

(c)          a Certificate of Good Standing of the Company;

 

(d)          each of the Transaction Documents to which the Company is a party, duly executed; and

 

(e)          such other documents as Skylab may reasonably request for the purpose of (1) evidencing the accuracy of any representation
or warranty of Company pursuant to Section 9.1, (ii) evidencing the performance by the Company of, or the compliance by
the Company with, any covenant or obligation required to be performed or complied with by, the Company, (iii) evidencing the satisfaction
of any condition referred to in this Article IX, or (iv) otherwise facilitating the consummation of any of the transactions
contemplated by this Agreement.

 

Section
9.7. No Proceedings. Since the date of this Agreement, there must not have been commenced or threatened against Company,
or against any Affiliate thereof, any Proceeding (which Proceeding remains unresolved as of the Closing Date) (a) involving any
challenge to, or seeking damages or other relief in connection with, any of the transactions contemplated hereby, or (b) that
may have the effect of preventing, delaying, making illegal, or otherwise interfering with any of the transactions contemplated
hereby.

 

Section
9.8 No Claims Regarding Stock Ownership. There shall not have been made or threatened by any Person any claim asserting
that such Person is the holder of, or has the right to acquire or to obtain beneficial ownership of Company Common Stock or any
other stock, voting, equity, or ownership interest in Company.

 

ARTICLE X.

TERMINATION

 

Section
10.1 Termination. This Agreement may be terminated at any time prior to the Closing Date:

 

(a)          by mutual written agreement of the parties;

 

(b)          by Company, if Skylab or any Skylab Shareholder has committed a material breach of any provision of this Agreement that
has not been cured within thirty (30) days of written notice of such material breach;

 

(c)          by Skylab or any Skylab Shareholder, if Company has committed a material breach of any provision of this Agreement that
has not been cured within thirty (30) days of written notice of such material breach;

 

(d)          by
any party hereto, if an order, decree, ruling, judgment or injunction has been entered by any Governmental Authority of competent
jurisdiction permanently restraining, enjoining or otherwise limiting, or prohibiting the consummation
of the transaction, contemplated by this Agreement and such order, decree, ruling, judgment or injunction has become final and
non-appealable; or

 

 

 

    	 	28	 

     

    

 

(e)
automatically without any action by any party, if the Closing has not occurred on or before August 1, 2017.

 

Section 10.2 Effect
of Termination. If this Agreement is terminated as provided in Section 10.1, then all further obligations under this
Agreement shall terminate and no party hereto shall have any liability in respect of the termination of this Agreement; provided,
however, that the confidentiality obligations of each party described in Section 12.3 will survive any such termination; provided
further that no such termination will relieve any party from liability for any breach of any representation, warranty, covenant
or agreement set forth in this Agreement prior to such termination and in the event of such breach, the parties to this Agreement
shall be entitled to exercise any and all remedies available under law or equity in accordance with this Agreement and, if such
termination resulted from a breach of any covenant in this Agreement by the breaching party(ies), the non-breach party(ies) shall
be entitled to be reimbursed by the breaching party(ies) for any and all reasonable out-of-pocket expenses incurred by such non-breaching
part(ies) in connection with this Agreement, the transactions contemplated hereby and/or such breach of covenant.

 

ARTICLE XI.

INDEMNIFICATION; REMEDIES

 

Section
11.1 Survival. All representations, warranties, covenants, and obligations in this Agreement shall expire on the first
(1st) anniversary of the date this Agreement is executed (the "Survival Period"). The right to indemnification,
payment of Damages or other remedy based on such representations, warranties, covenants, and obligations will not be affected
by any investigation conducted with respect to, or any knowledge acquired (or capable of being acquired) at any time, whether
before or after the execution and delivery of this Agreement, with respect to the accuracy or inaccuracy of or compliance with,
any such representation, warranty, covenant, or obligation. The waiver of any condition based on the accuracy of any representation
or warranty, or on the performance of or compliance with any covenant or obligation, will not affect the right to indemnification,
payment of Damages, or other remedy based on such representations, warranties, covenants, and obligations.

 

Section
11.2 Indemnification by the Skylab Shareholders. From and after the execution of this Agreement until the expiration of
the Survival Period, each of the Skylab Shareholders shall indemnify and hold harmless the Company (the "Company Indemnified
Parties") from and against any Damages arising, directly or indirectly, from or in connection with:

 

(a)          Any misrepresentation or breach of warranty made by Skylab or the Skylab Shareholders in this Agreement or in any certificate
delivered by Skylab or the Skylab Shareholders pursuant to this Agreement;

 

(b)          any breach by Skylab or the Skylab Shareholders of any covenant or obligation of Skylab or the Skylab Shareholders in this
Agreement required to be performed by Skylab or the Skylab Shareholders on or prior to the Closing Date; or

 

(c)          any and all Damages against Skylab or the Skylab Shareholders, occurring on or prior to the Closing Date.

 

Section
11.3 Limitations on Liability. No Company Indemnified Party shall be entitled to indemnification pursuant to Section
10.2, unless and until the aggregate amount of Damages to all Company Indemnified Parties with respect to such matters under
Section 10.4 exceeds $10,000, at which time, the Company Indemnified Parties shall be entitled to indemnification for the
total amount of such Damages in excess of $10,000.

 

 

 

    	 	29	 

     

    

 

Section 11.4 Determining Damages. Materiality qualifications to the representations
and warranties of Skylab and the Skylab Shareholders shall not be taken into account in determining the amount of Damages occasioned
by a breach of any such representation and warranty for purposes 6f determining whether the aggregate damage threshold set forth
in Section 10.3 has been met.

 

ARTICLE XII.

GENERAL PROVISIONS

 

Section
12.1 Expenses. Except as otherwise expressly provided in this Agreement, each party to this Agreement will bear its respective
expenses incurred in connection with the preparation, execution, and performance of this Agreement and the transactions contemplated
by this Agreement, including all fees and expenses of agents, representatives, counsel, and accountants. In the event of termination
of this Agreement, the obligation of each party to pay its own expenses will be subject to any rights of such party arising from
a breach of this Agreement by another party.

 

Section
12.2 Public Announcements. The Company shall promptly, but no later than three (3) days following the execution of this
Agreement by Company and Skylab, issue a press release disclosing the transactions contemplated hereby. Prior to the Closing Date,
Skylab and the Company shall consult with each other in issuing any other press releases or otherwise making public statements
or filings and other communications with the Commission or any regulatory agency or stock market or trading facility with respect
to the transactions contemplated hereby, and neither party shall issue any such press release or otherwise make any such public
statement, filings or other communications without the prior written consent of the other, which consent shall not be unreasonably
withheld or delayed, except that no prior consent shall be required if such disclosure is required by law, in which case the disclosing
party shall provide the other party with prior notice of such public statement, filing or other communication and shall incorporate
into such public statement, filing or other communication the reasonable comments of the other party.

 

Section 12.3 Confidentiality.

 

(a)          Subsequent to the date of this Agreement, the Company, the Skylab Shareholders and Skylab will maintain in confidence,
and will cause their respective directors, officers, employees, agents, and advisors to maintain in confidence, any written, oral,
or other information obtained in confidence from another party in connection with this Agreement or the transactions contemplated
by this Agreement, unless (i) such information is already known to such party or to others not bound by a duty of confidentiality
or such information becomes publicly available through no fault of such party, (ii) the use of such information is necessary or
appropriate in making any required filing with the Commission, or obtaining any consent or approval required for the consummation
of the transactions contemplated by this Agreement, or (iii) the furnishing or use of such information is required by or necessary
or appropriate in connection with legal proceedings.

 

(b)          In
the event that any party is required to disclose any information of another party pursuant to Section (ii) or (iii) of Section
12.3(a), the party requested or required to make the disclosure (the "disclosing party") shall provide the
party that provided such information (the "providing party") with prompt notice of any such requirement so that the
providing party may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this Section
12.3. If, in the absence of a protective order or other remedy or the receipt of a waiver by the providing party, the disclosing
party is nonetheless, in the opinion of counsel, legally compelled to disclose the information of the providing party, the disclosing
party may, without liability hereunder, disclose only that portion of the providing party's information which such counsel advises
is legally required to be disclosed, provided that the disclosing party exercises its reasonable efforts to preserve the confidentiality
of the providing party's information, including, without limitation, by cooperating with the providing party to obtain an appropriate
protective order or other relief assurance that confidential treatment will be accorded the providing party's information.

 

 

 

    	 	30	 

     

    

 

(c)          If
the transactions contemplated by this Agreement are not consummated, each party will return or destroy as much of such
written information as the other party may reasonably request.

 

Section
12.4 Notices. All notices, consents, waivers, and other communications under this Agreement must be in writing and will
be deemed to have been duly given when (a) delivered by hand (with written confirmation of receipt), (b) sent by telecopier (with
written confirmation of receipt), or (c) when received by the addressee, if sent by a nationally recognized overnight delivery
service (receipt requested), in each case to the appropriate addresses and telecopier numbers set forth below (or to such other
addresses and telecopier numbers as a party may designate by written notice to the other parties):

 

If
to Company:

Skylab USA, Inc.

5600 Avenida Encinas,
Suite 140C

Ft. Lauderdale, FLA 92008

 

If
to Skylab or the Skylab Shareholders:

Skylab Apps Inc.

5600 Avenida Encinas,
Suite 140C

Carlsbad, CA 92008

 

Section
12.5 Further Assurances. The parties agree (a) to furnish upon request to each other such further information, (b) to execute
and deliver to each other such other documents, and (c) to do such other acts and things, all as the other party may reasonably
request for the purpose of carrying out the intent of this Agreement and the documents referred to in this Agreement.

 

Section
12.6 Waiver. The rights and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure
nor any delay by any party in exercising any right, power, or privilege under this Agreement or the documents referred to in this
Agreement will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power,
or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right,
power, or privilege. To the maximum extent permitted by applicable law, (a) no claim or right arising out of this Agreement or
the documents referred to in this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of
the claim or right unless in writing signed by the other party; (b) no waiver that may be given by a party will be applicable
except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a waiver
of any obligation of such party or of the right of the party giving such notice or demand to take further action without notice
or demand as provided in this Agreement or the documents referred to in this Agreement.

 

 

 

    	 	31	 

     

    

 

Section
12.7 Entire Agreement; Modification. This Agreement supersedes all prior agreements among the parties with respect to its
subject matter and constitutes (along with the documents referred to in this Agreement) a complete and exclusive statement of
the terms of the agreement among the parties with respect to its subject matter. This Agreement may not be amended except by a
written agreement executed by all of the parties.

 

Section
12.8 Assignment; Successors; and Third Party Beneficiaries. No party may assign any of its rights under this Agreement
without the prior consent of the other parties. Subject to the preceding sentence, this Agreement will apply to, be binding in
all respects upon, and inure to the benefit of and be enforceable by the respective successors and permitted assigns of the parties.
Except as set forth in Section 7.1, nothing expressed or referred to in this Agreement will be construed to give any Person
other than the parties to this Agreement any legal or equitable right, remedy, or claim under or with respect to this Agreement
or any provision of this Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit
of the parties to this Agreement and their successors and assigns.

 

Section
12.9 Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction,
the other provisions of the Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable
only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

Section
12.10 Section Headings: Construction. The headings of Sections and Articles in this Agreement are provided for convenience
only and will not affect its construction or interpretation, All references to "Section", "Sections", "Article"
or "Articles" refer to the corresponding Section, Sections, Article, or Articles of this Agreement. All word used in
this Agreement will be construed to be of such gender or number as then circumstances require. Unless otherwise expressly provide,
the word "including" does not limit the preceding words or terms.

 

Section
12.11 Governing Law. This Agreement will be governed by the laws of the State of California without regard to conflicts
of law principles. Each party hereby irrevocably waives personal service of process and consents to being served in any such suit,
action, or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery)
to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to
serve process in any other manner permitted by law. The parties hereby waive all rights to a trial by jury. If either party shall
commence an action or proceeding to enforce any provisions of this Agreement, then the prevailing party in such action or proceeding
shall be reimbursed by the other party for its reasonable attorneys' fees and other costs and expenses incurred with the investigation,
preparation and prosecution of such action or proceeding.

 

Section
12.12 Attorney Review. The Parties acknowledges that this Agreement will have important legal consequences and imposes
significant requirement on each Party. Accordingly, the Parties acknowledge that they have retained legal counsel to review this
Agreement and that each Party has been provided with adequate time to obtain such review.

 

Section
12.13 No Other Representations. Except for the representations and warranties contained in this Agreement, neither Party
shall rely on any other representations, warranties, promises, claims or any other disclosures other than those expressly made
in this Agreement.

 

 

 

    	 	32	 

     

    

 

Section
12.14 Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an
original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same
agreement.

 

IN WITNESS
WHEREOF, the parties have executed and delivered this Share Exchange Agreement as of the date first written above.

 

SKYLAB USA, INC. ("Company")

 

/s/ Boris Nayflish

By: Boris
Nayflish

Its: Director and Secretary

 

 

 

SKYLAB APPS INC. ("Skylab")

 

/s/ Dean Grey

Dean Grey, Sole Director
and President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	33	 

     

    

 

SKYLAB
USA, INC. and SKYLAB APPS, INC.

 

SHARE EXCHANGE AGREEMENT

 

EXHIBITS
& SCHEDULES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	34	 

     

    

 

EXHIBIT A

 

SHARE EXCHANGE
TABLE WITH LIST OF SHAREHOLDERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	35	 

     

    

 

	#	NAME	ADDRESS	SSN	Skylab
    Ap Shares	Restriction	Price
    Per Share in $	%
    Owned	Affiliate	Skylab
    USA Exchange Shares
	1	2003
    David & Sarah Vanderveen Family Trust	 	 	50,000	Restricted	$0.20	0.15%	 	36,334
	2	Albert
    & Monica Bae	 	 	153,260	Restricted	$0.20	0.45%	 	111,372
	3	Albert
    Bae	 	 	50,000	Restricted	$0.20	0.15%	 	36,334
	4	Albert
    Chen	 	 	10,000	Restricted	$0.20	0.03%	 	7,267
	5	Alex
    McCarthy	 	 	50,000	Restricted	$0.20	0.15%	 	36,334
	6	Alex
    Wong	 	 	68,805	Restricted	$0.20	0.20%	 	50,000
	7	Alexi
    Ohre	 	 	84,374	Rule
    144	$0.20	0.25%	 	61,314
	8	Andrew
    Murphy	 	 	1,000,000	Rule
    144	$0.20	2.91%	 	726,690
	9	Andrew
    Phillip Hartman	 	 	250,000	Rule
    144	$0.20	0.73%	 	181,672
	10	Andy
    Dellenbach	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	11	Bartlett
    Consulting Group, LLC	 	 	350,000	Rule
    144	$0.20	1.02%	 	254,341
	12	Bill
    Harris	 	 	635,319	Rule
    144	$0.20	1.85%	 	461,680
	13	Boris
    Nayflish	 	 	500,000	Rule
    144	$0.20	1.45%	YES	363,345
	14	Brittany
    Doster	 	 	126,562	Rule
    144	$0.20	0.37%	 	91,971
	15	Bruno
    Barbieri	 	 	218,750	Rule
    144	$0.20	0.64%	 	158,963
	16	Bryan
    Farris	 	 	1,660,500	Rule
    144	$0.20	4.83%	 	1,206,669
	17	Dan
    Kosage	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	18	Daniel
    H. Adler	 	 	50,000	Rule
    144	$0.20	0.15%	 	36,334
	19	David
    Vanderveen	 	 	313,906	Rule
    144	$0.20	0.91%	 	228,112
	20	DBRP
    Holdings, LTD	 	 	4,981,500	Rule
    144	$0.20	14.48%	YES	3,620,006
	21	Dean
    Grey	 	 	14,619,046	Rule
    144	$0.20	42.49%	YES	10,623,518
	22	Dennis
    Gardner	 	 	17,201.	Rule
    144	$0.20	0.05%	 	12,500
	23	DIRT
    Enterprises LLLP	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669
	24	DJA
    LLLP	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669
	25	Doug
    Sutton	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	26	Dr.
    Michael Orian	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669
	27	Ferris
    Thompson	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	28	Fresh
    Notion	 	 	70,000	Rule
    144	$0.20	0.20%	 	50,868
	29	Fresh
    Notion Financial Services	 	 	130,000	Rule
    144	$0.20	0.38%	 	94,470
	30	George
    Plsek	 	 	133,333	Rule
    144	$0.20	0.39%	 	96,892
	31.	Glen
    Rogers	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	32	Goldman
    Investments Group	 	 	1,720,128	Rule
    144	$0.20	5.00%	 	1,250,000
	33	Greg
    Rex	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	34	Heather
    Hollander	 	 	37,500	Rule
    144	$0.20	0.11%	 	27,251
	35	Jasmine
    Bacchus	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669
	36	Jeremy
    Wong	 	 	500,000	Rule
    144	$0.20	1.45%	 	363,345
	37	Jill
    Hosafros	 	 	2,500	Rule
    144	$0.20	0.01%	 	1,817
	38	John
    Blaisure	 	 	75,000	Rule
    144	$0.20	0.22%	 	54,502
	39	Jonathan
    Segal	 	 	383,312	Rule
    144	$0.20	1.11%	 	278,549
	40	Joseph
    Daniel Kosage	 	 	75,000	Rule
    144	$0.20	0.22%	 	54,502
	41	Karen
    Reffner	 	 	10,000	Rule
    144	$0.20	0.03%	 	7,267
	42	Kyle
    McCarthy	 	 	50,000	Rule
    144	$0.20	0.15%	 	36,334
	43	Lauren
    Nicole Peters	 	 	40,625	Rule
    144	$0.20	0.12%	 	29,522
	44	Leopoldo
    Enrique Alcala	 	 	130,000	Rule
    144	$0.20	0.38%	 	94,470
	45	Leopoldo
    Enrique Alcala	 	 	670,000	Rule
    144	$0.20	1.95%	 	486,882
	46	Lewis
    Humer Jr.	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669

 

    	 	36	 

     

    

 

	47	Lisa
    Pennington	 	 	50,000	Rule
    144	$0.20	0.15%	 	36,334
	48	Lorrie
    Edelbute	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669
	49	Maira
    Barriga	 	 	34,403	Rule
    144	$0.20	0.10%	 	25,000
	50	Martha
    E. Martin	 	 	25,000	Rule
    144	$0,20	0.07%	 	18,167
	51	Matthew
    Winkle	 	 	10,000	Rule
    144	$0.20	0.03%	 	7,267
	52	Melissa
    Sutherland	 	 	37,500	Rule
    144	$0.20	0,11%	 	27,251
	53	Michael
    S. Jaffe	 	 	65,653	Rule
    144	$0.20	0.19%	 	47,709
	54	Michael
    S. Jaffe	 	 	317,659	Rule
    144	$0,20	0.92%	 	230,840
	55	Mikefilsaime.com,
    Inc.	 	 	150,000	Rule
    144	$0.20	0.44%	 	109,003
	56	Mind
    Movies, LLC	 	 	150,000	Rule
    144	$0.20	0.44%	 	109,003
	S7	Patrick
    Daly	 	 	18,750	Rule
    144	$0.20	0.05%	 	13,625
	58	Paul
    Becker	 	 	50,000	Rule
    144	$0.20	0.15%	 	36,334
	59	Rich
    Van Every	 	 	20,000	Rule
    144	$0.20	0.06%	 	14,534
	60	Robert
    Burns	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	61	Ronald
    William Kosage	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669
	62	Sasha
    Treviso	 	 	25,000	Rule
    144	$0.20	0.07%	 	18,167
	63	Sean
    Farris	 	 	10,000	Rule
    144	$0,20	0.03%	 	7,267
	64	SML
    Avvocati PC	 	 	100,000	Rule
    144	$0.20	0.29%	 	72,669
	65	Stephen
    E. Wolf	 	 	150,000	Rule
    144	$0.20	0.44%	 	109,003
	66	Steve
    Dolan	 	 	10,000	Rule
    144	$0.20	0.03%	 	7,267
	67	Tahoe
    Industries	 	 	344,026	Rule
    144	$0.20	1.00%	 	250,000
	68	Talon
    Partnerships & Events, LLC (Mike Pine)	 	 	400,000	Rule
    144	$0.20	1.16%	 	290,676
	69	Tobias
    Nergarden	 	 	338,956	Rule
    144	$0.20	0.99%	 	246,316
	70	Tony
    Cerqueria	 	 	130,000	Rule
    144	$0.20	0.38%	 	94,470
	71	Vincent
    Ramos	 	 	153,875	Rule
    144	$0.20

        ,
	0.45%	 	111,819
	 	TOTAL
    [A]     32,682,443	TOTAL
    [B]     23,750,000
	Ratio
    = [A] /[B]     1.3761 to 1	I/O
    AFTER EXCHANGE   25,000,000

 

 

 

    	 	37	 

     

    

 

EXHIBIT B

 

SHORT FORM
SHARE EXCHANGE AGREEMENT

 

MINORITY SHAREHOLDERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	38	 

     

    

 

SCHEDULES

 

SHARE EXCHANGE AGREEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	39	 

     

    

 

Schedule 5.13 No Undisclosed
Liabilities

 

Case was filed against Skylab Apps,
Inc. in U.S. District Court, Southern District of California (San Diego) on 5/26/2017 in the amount of $221,000 claiming breach
of contract by failing to pay plaintiff for software development services. Skylab management does not believe they have a case
and at this point have not been formally served.

 

Schedule 5.14 Taxes 

 

2016 Federal and California State
in Process at June 1, 2017

$1,600 State Tax Payable on Balance Sheet

 

Schedule 5.15 Contracts: no
defaults

 

(i)       Contracts
at June 1, 2017

 

	CLIENT NAME	CONTRACT DATE	TERMS	CONTRACTED

                                                                                AMOUNT
	TOTAL PAID TO DATE	MONTHLY

                                                                                LICENSING FEE

	The
Cheer App	7/28/2016	2 year	$50,000.00	$50,000	$300
	Skylab Medical	4/30/2016	2 year	60,000.00	60,000	300.00
	Blowbunny/Beauty Bomb	10/11/2016	NA	1,500.00	1,500.00	0.00
	Allysian	3/28/16	NA	630,648.00	554,452.00	1,500.00
	Centerpointe	11/30/16	2
    years	135,000.00	110,000.00	0.00
	'Good
    Lovin'	2/10/17	2 years	10,500.00	10,500.00	300.00
	Trilogy
    Game	2/10/17	2
    years	85,000.00	50,000.00	300.00
	Mindmovies	03/08/2017	2
    years	12,000.00	12,000.00	300.00
	Better
    Planet	 	 	 	 	 
	Paper	01/01/2017	2
    years	60,000.00	40,000.00	300.00
	TUG	03/10/2017	2
    years	25,000.00	25,000.00	300.00
	Christy
    Whitman	12/10/2016	2
    years	15,000.00	15,000.00	300.00
	Russell
    Brunson	05/08/2017	2
    Years	10,000.00	10,000.00	300.00
	Jack
    Canfield	02/15/2017	2
    years	30,400.00	7,500.00	300.00
	Gravity	01/31/2017	2
    Years	15,000.00	10,000.00	300.00
	ABC
    College	 	 	 	 	 
	Planning	02/08/2017	2
    Years	20,000.00	20,000.00	300.00
	Poison
    Ivy	02/08/2017	2
    years	15,000.00	15,000.00	300.00
	URBN	12/09/2016	2
    years	19,000.00	19,000.00	0.00
	Revive	2/17/2017	2
    years	20,000.00	10,000.00	300.00

 

 

 

    	 	40	 

     

    

 

	Stork	4/25/17	2
    years	15,000.00	0.00	300.00
	Trunited	10/10/2016	NA	50,000.00	50,000.00	300.00
	XS
    Energy/Aiticor	09/08/2016	NA	70,000.00	70,000.00	0.00
	Amway	8/12/2015	NA	15,000.00	15,000.00	0.00
	Diet
    App	NA	NA	50,000.00	0.00	0.00
	Give	12/14/2015	NA	12,500.00	12,500.00	0.00
	The
    Dance App	NA	NA	50,000.00	0.00	0.00
	 	 	TOTALS	$1,476,548	$1,167,452	$6,300

 

(ii)       NA

(iii)      NA

(iv)      Make
Lease March 1, 2017 — 38 month lease for Commercial Office Space

a.   
Year 1- $8,200

b.   
Year 2 - $8,487

c.    Year 3 - $8,784

(v)      All
Contractors and Consultants have NDA's in place.

(vi)     NA

(vii)    NA

(viii)   Cheer
has one year from public launch, exclusivity in the Cheer space

           Greenlife has a one year exclusive in the cannabis industry from
the date of public launch

           SkyMedical has a one year exclusive for the concierge medicine

(ix)      We
have a sales commission plan for all sales personnel and we have an ambassador referral plan for outside referrals

(x) NA

(xi) NA

(xii) NA — Furniture,
not signed

(xiii) NA

(xiv) NA

(xv) TRUE

(xvi) Yes

(xvii) Yes

(xviii) YES

(xix) YES

(xx) YES

(xxi) YES

 

    	 	41	 

     

    

 

Schedule 5.16 Employees

 

At
June 1, no employees. This is a complete list of current and pending Contractors on June 1, 2017.

 

	Contractors
    at June 1, 2017
	 	 	 	 	 
	Name	Start
    Date	Department	Payable	Paid
	In
    House	 
	Dean
    Grey	09/15	Chief
    Executive Officer	$15,000	$6,000
	Patrick
    Daly	01/17	Chief
    Financial Officer	$8,500	$6,000
	George
    Plsek	03/17	Chief
    Technology Officer	$6,500	$0
	Ferris
    Thompson	06/17	Chief
    Revenue Officer	17,500	$0
	Andy
    Dellenbach	06/17	Chief
    Sales Officer	17,500	$0
	Lauren
    Peters	12/16	Chief
    Product Officer	$5,000	$5,000
	Bryan
    Farris	09/15	VP
    of Development	$5,000	$5,000
	Leo
    Alcala	09/15	Lead
    Designer	$7,000	$7,000
	Brittany
    Doster	09/15	Skylab
    Stylist	$3,583	$3,583
	Alexi
    Ohre	09/15	Developer
    PM & QA	$2,800	$2,800
	Steven
    Wolf	11/16	Sales
    & Marketing	$4,500	$4,500
	Heather
    Hollander	12/16	Client
    Engagement	$5,000	$5,000
	Matthew
    Frouin	02/17	Intern
    - Design an Assistant	$750	$750
	Russell
    Burns	05/17	Intern
    - Developer API	$1,000	$1,000
	 	$64,633	$45,633
	Developers	 
	Diego
    Aguilera	11/16	Developer
    - API	$3,000	$3,000
	Kevin
    Arce	05/16	Developer
    - API	$2,000	$2,000
	Maurico
    Reyes	4/17	Developer
    - API	$5,600	$5,600
	Mateo
    Perez	05/16	Developer
    - Web	$800	$800
	Max
    Rondon	01/17	Developer
    - Web	$5,600	$5,600
	Hugo
    Garcia	05/16	Developer
    - Web	$700	$700
	Vincent
    Villalta	10/16	Developer
    - iOS	$3,500	$3,500
	Prem
    Dayal	11/16	Developer
    - iOS	$2,500	$2,500
	Jose
    Arce	09/16	Developer
    - Android	$2,500	$2,500
	Daniel
    Sierra	01/17	Developer
    - Android	$2,000	$2,000
	 	$28,200	$28,200

 

    	 	42	 

     

    

 

Schedule 5.17 Agreements
Intellectual Property

 

(vii)  
no exceptions

 

(viii) 
Provisional Patent Filed April 7, 2017 EFS ID: 28871631, Application #62483292 Dynamic Computing Systems, Method and Process

 

(xii)
No Trademarks

 

(xvi)
No Copyrights

 

(xix) Trade Secrets — Yes

 

Schedule 5.19 Relationship
with Related Persons

 

(i)       Dean
Grey has ownership in the following clients of Skylab:

		a.	Cheer Life 30%

		b.	Dance App 30%

		c.	The Green Life — 24%

		d.	Skylab Medical — 30%

		e.	Allysian — 2%

		f.	Good Lovin — 1%

		g.	Gravity (VAR) — 5%

		h.	Silver Surfer (Vendor) —
                                         Dean Grey does consulting for Silver Surfer

		i.	Dean
                                         Grey advanced the company $11,570.20 (See account due to/due from) that amount was paid
                                         back during the calendar year ended 12/31/2016.

 

Schedule 5.23 No
Material Adverse Effect

 

(i)       
None

(ii)      
None

 

 

 

 

 

 

 

    	 	43

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