Document:

AMENDMENT NO. 1 TO ACQUISITION AGREEMENT

 

The following provisions
(the “Amendment”) are hereby incorporated into, and are hereby made a part of, that certain Acquisition Agreement,
dated October 4, 2011 (the “Agreement”), by and among Consorteum Holdings, Inc., a Nevada corporation (the “Buyer”),
Tarsin, Inc., a Nevada corporation (the “Company”), and Tarsin (Europe) Limited, a company organized under the laws
of the United Kingdom (the “Seller”), and such provisions are effective retroactively to the date of the Agreement
(the “Effective Date”). All capitalized terms in this Amendment, to the extent not otherwise defined herein, shall
have the meanings assigned to such terms in the Agreement.

 

1.      Recital A of the Agreement
is hereby deleted and replaced as follows:

 

A.    The capital stock of the Company
consists of 1,000,000 authorized shares of Common Stock, $0.001 par value , of which 100% are currently issued and outstanding
and held by the Seller (the “Shares”) such that the Company is a wholly owned subsidiary of Seller

 

2.
     Section 1.2.1 of the Agreement is hereby deleted and replaced as follows:

 

1.2.1      Purchase Price. The
purchase price for the Shares shall be 24.5 million shares of common stock of Buyer, currently equal to 4.9% of the Buyer’s
outstanding common stock, on a fully-diluted basis (the “Purchase Shares”).

 

3.      Section 1.2.2 of the Agreement
is hereby deleted and replaced as follows:

 

1.2.2      Buyer Assumption of Liabilities.
The existing indebtedness of the Company as itemized in Exhibit A attached shall be discharged by the Buyer who shall indemnify
the Seller against any claim for payment in respect thereof. Any indebtedness of the Company incurred after Closing shall also
be the responsibility of the Buyer;

 

4.      Section
1.2.3 of the Agreement is hereby deleted and replaced as follows:

 

1.2.3      Seller License Agreement
to Buyer. Seller is the sole owner of the Capsa Mobile Platform technology (“Capsa”) and Other Software. Seller
agrees to enter into a licensing agreement with Seller in the form set out in Exhibit B, (“ Software Licensing Agreement”)
whereby Seller shall grant to Company an exclusive, worldwide perpetual license to use, distribute, and sell Capsa and Other Software
as defined in Exhibit B on the commercial terms as set out therein. Seller acknowledges that the License Agreement is a material
term of this Agreement of which the Buyer is placing reliance upon and, without which, the Buyer would not have otherwise been
induced to enter into the Agreement;

 

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5.      Section
1.2.4 of the Agreement is hereby deleted and replaced as follows:

 

1.2.4      Company’s Board
of Directors. The Company shall, at the next meeting of Company shareholders and in accordance with the Company’s bylaws,
nominate John Osborne to the Company’s Board of Directors for election by the Company’s shareholders;

 

6.      Section 1.2.6 of the
Agreement is hereby deleted and replaced as follows:

 

1.2.6      Buyer’s Working
Capital Obligation. Buyer shall provide or procure the provision of working capital to Company as follows: (1) $300,000 no
later than December 30, 2011, (2) an additional $250,000 no later than March 30, 2012, and (3) an additional $1,150,000 no later
than December 31, 2012. Failure to provide or procure the working capital as described herein shall constitute a material breach;

 

7.      Section 1.2.7 of the
Agreement is hereby deleted and replaced as follows:

 

1.2.7      Anti-Dilution Protection.
Until such time as the Buyer has a market capitalization equal to or greater than $100,000,000 on any business day, if the Buyer
issues additional shares of its common stock which cause the Seller’s Purchase Shares’ percentage ownership of the
Buyer to decrease, the Buyer shall issue to Seller that certain number of additional shares of common stock in order to restore
Seller’s percentage ownership interest in the Buyer (“Anti-Dilution Protection”), except, however, that
without triggering Anti-Dilution Protection adjustments, shares of common stock and/or options therefore may be sold or reserved
for issuance by the Buyer in which exemption from the Anti-Dilution Protection is approved by the Seller.

 

8.      Section 2.1.26 of
the Agreement is hereby deleted and replaced as follows:

 

2.1.26      Effect of Warranties.
It is hereby agreed and acknowledged by Buyer that save for the warranties given at Article 2.1.1 ( c) and 2.1.2 no warranties
are given by Seller which relate to Seller or its business

 

9.      Section 3.3(b) of
the Agreement is hereby deleted and replaced as follows:

 

(b)      Payment of Line of Credit
with NAT West. Prior to Closing, Buyer shall pay in full the existing outstanding balance owed by Seller on the line of credit
established with NAT West.

 

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10.    Section 5.1 (a) of
the Agreement is hereby deleted and replaced as follows:

 

			  5.1     Seller and the Company’s Indemnity Obligations.

 

(a)      Upon receipt of notice
thereof, Seller and the Company shall, jointly and severally, indemnify, defend, and hold harmless Buyer from any and all claims,
demands, liabilities, damages, deficiencies, losses, obligations, costs and expenses, including attorney fees and any costs of
investigation that Buyer shall incur or suffer, that arise, result from or relate to: (i) any breach of, or failure by Seller or
the Company to perform any obligations in this Agreement that remain to be performed by them after the date hereof (which for the
avoidance of doubt shall not include the Representations and Warranties in Article 2) or in any schedule, certificate, exhibit,
or other instrument furnished or to be furnished by Seller and/or the Company under this Agreement; and (ii) the employment of
any of the Company’s employees which is in violation of any law, regulation, or ordinance of any Governmental Entity.

 

11.       The following paragraph is hereby added to the Agreement:

 

If Buyer fails to pay when due
any payments required under sections 1.2.1, 1.2.3 or 1.2.6 of the Agreement, then Seller, in addition to all other remedies it
may have under the Agreement or in law and equity, shall have the right to terminate the License Agreement upon 15 calendar days
written notice, and the right of termination shall become effective unless Buyer cures such breach within the 15 calendar day period.
Buyer hereby agrees that, upon such termination, all rights granted to Buyer under the License Agreement shall revert to Seller.

 

12.       The following provision is hereby added to the Agreement:

 

The Buyer agrees that the Company
shall continue to provide engineering support to Seller for all service agreements that Seller currently has in place at terms
as set out in Exhibit C (“Seller Support”).

 

13.       All
other provisions of the Agreement shall remain unchanged. 

 

(SIGNATURE PAGE IMMEDIATELY FOLLOWS)

 

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IN WITNESS WHEREOF,
the Parties have caused this Amendment to be duly executed and delivered as of November [   ], 2011.

 

	BUYER:	 	THE COMPANY:
	 	 	 
	CONSORTEUM HOLDINGS, INC.,	 	TARSIN, INC.,
	a Nevada corporation	 	a Nevada corporation
	 	 	 
	 	 	 
	By: Joseph R. Cellura	 	By:	 
	Its:  Chief Executive Officer	 	Its:	 

 

	SELLER:	 
	 	 
	TARSIN (Europe) LTD,	 
	a United Kingdom company	 
	 	 
	 	 
	By:	 	 
	Its:	 	 

 

[SIGNATURE
PAGE TO AMENDMENT NO. 1 TO ACQUISITION AGREEMENT]

 

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Exhibit A

Buyer Assumption
of Liabilities 

 

		1.	At closing of the Agreement Buyer shall assume the liabilities as set out below from Seller:

 

		1.1.	Assume all ongoing trading liabilities of Company. This shall include but not be limited to staff
and general overhead costs and any and all third party charges related to the continued development and use of the software as
defined in Exhibit B.

 

		1.2.	A list of other creditors as of October 31st 2011 is provided below as Exhibit A.1 for
reference. It is accepted by all parties that through the normal course of business the names and total amount owed may change
and will be finalized at Closing. It shows how the liabilities will be shared between Company and Seller at Closing.

 

		1.3.	Any contracts for third party services related to the use of the licensed software currently in
the name of the Seller. These will either be transferred to Company or, where this is not possible, be cancelled. Any third party
costs associated with these actions will be paid by Buyer.

 

 

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Exhibit A.1

Outstanding Debt at 31st October 2011 stated
in USD

Split Between Company and Seller 

	Employees and directors	 	Total	 	 	Company	 	 	Seller	 
	salaries JO	 	 	198,498	 	 	 	198,498	 	 	 	 	 
	salaries  DB	 	 	139,842	 	 	 	 	 	 	 	139,842	 
	team salaries at 31 oct	 	 	50,170	 	 	 	50,170	 	 	 	 	 
	pr tax on accrual	 	 	13,576	 	 	 	13,576	 	 	 	 	 
	SRJ-Beachhead -salary	 	 	132,800	 	 	 	 	 	 	 	132,800	 
	directors fees	 	 	64,000	 	 	 	 	 	 	 	64,000	 
	gsj salary	 	 	57,200	 	 	 	 	 	 	 	57,200	 
	srj travel	 	 	4,800	 	 	 	 	 	 	 	4,800	 
	director travel	 	 	3,520	 	 	 	 	 	 	 	3,520	 
	srj loan	 	 	328,000	 	 	 	 	 	 	 	328,000	 
	line of credit	 	 	126,602	 	 	 	126,602	 	 	 	 	 
	cg loan	 	 	288,000	 	 	 	 	 	 	 	288,000	 
	Employees and directors	 	 	1,407,008	 	 	 	388,846	 	 	 	1,018,162	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Non-employees and directors:	 	 	 	 	 	 	 	 	 	 	 	 
	payroll taxes on JO accruals, estimate	 	 	20,000	 	 	 	20,000	 	 	 	 	 
	nevada payroll tax	 	 	1,097	 	 	 	1,097	 	 	 	 	 
	Company phones	 	 	3,200	 	 	 	3,200	 	 	 	 	 
	Device Anywhere, other	 	 	1,660	 	 	 	1,660	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Inc. Aged invoices	 	 	 	 	 	 	 	 	 	 	 	 
	Rent 916 Southwood	 	 	35,159	 	 	 	35,159	 	 	 	 	 
	Ian Burns, patent attorney	 	 	7,500	 	 	 	 	 	 	 	7,500	 
	Right Scale, cloud	 	 	3,500	 	 	 	3,500	 	 	 	 	 
	Herakles, co-location	 	 	4,032	 	 	 	4,032	 	 	 	 	 
	MySql, software	 	 	2,521	 	 	 	2,521	 	 	 	 	 
	Rowbotham, cpa USA	 	 	750	 	 	 	 	 	 	 	750	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Remaining aged invoices	 	 	5,378	 	 	 	5,378	 	 	 	 	 
	chris read	 	 	11,558	 	 	 	 	 	 	 	11,558	 
	golin harris	 	 	50,264	 	 	 	 	 	 	 	50,264	 
	us tax	 	 	11,559	 	 	 	11,559	 	 	 	 	 
	Josolyn, UK accountants	 	 	9,600	 	 	 	 	 	 	 	9,600	 
	MFG, UK attorney	 	 	9,600	 	 	 	 	 	 	 	9,600	 
	Nextel: withholding tax on accrued revenue	 	 	13,760	 	 	 	 	 	 	 	13,760	 
	cloud costs, Amazon	 	 	5,564	 	 	 	 	 	 	 	5,564	 
	Motorola related debt:	 	 	 	 	 	 	 	 	 	 	 	 
	ericcson uk codes	 	 	2,400	 	 	 	 	 	 	 	2,400	 
	Ericsson accrued sms costs	 	 	19,200	 	 	 	 	 	 	 	19,200	 
	ericsson invoiced	 	 	7,443	 	 	 	 	 	 	 	7,443	 
	Csoft invoiced sms costs	 	 	37,810	 	 	 	 	 	 	 	37,810	 
	OpenMarket US sms costs and codes	 	 	1,866	 	 	 	 	 	 	 	1,866	 
	OpernMarket invoiced	 		1,848	 	 		 	 	 		1,848	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Non-employees and directors:	 	 	267,268	 	 	 	88,105	 	 	 	179,163	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total debt in USD (£1 =$1.6USD)	 	 	1,674,276	 	 	 	476,951	 	 	 	1,197,325	 

 

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Exhibit B

Software Licensing
Agreement,

 

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Exhibit C

Seller Support

 

		1.	Buyer agrees to provide Seller with the support services detailed below for those products and
contracts in existence with Seller at date of Closing of the Agreement until such time the Seller no longer requires the service.
This service shall be at no cost to seller except where detailed in Clause 3 below.

 

		2.	This service relates to Sellers BackUp, Text and SetUp products as currently in use with Nextel
International, Motorola and The Car Phone Warehouse.

 

		3.	The support service shall include:

		3.1.	Telephone support

		3.2.	Analysis of problems and timely provision of fixes to comply with Sellers contracts with its customers.

		3.3.	Keeping products current with operating systems and handsets as may be required from time to time
by Sellers customers. If this work is chargeable to Sellers customer, then buyer shall quote for completing the work in a timely
manner and be promptly reimbursed by Seller when Seller is paid by customer.

		3.4.	Provide provisioning services to enable software to be installed and operated by end user. In the
case where seller is being reimbursed directly for any messaging costs, as with Motorola, then Seller will reimburse Buyer for
these costs within ten (10) working days of being reimbursed by customer.

		3.5.	Provide secure hosting services for any user data to comply with existing contractual commitments
Seller has with its customers.

		3.6.	Immediately notify Seller of any issues that cannot be resolved through the support channel.

 

		4.	If Buyer fails to provide the Seller Support set out above then Seller, in addition to all other
remedies it may have under the Agreement or in law and equity, shall have the right to terminate the License Agreement upon 15
calendar days written notice, and the right of termination shall become effective unless Buyer cures such breach within the 15
calendar day period. Buyer hereby agrees that, upon such termination, all rights granted to Buyer under the License Agreement shall
revert to Seller.

 

    	8Exhibit 10.8

 

 

SECOND AMENDMENT TO

ADVISORY AGREEMENT 

 

This SECOND AMENDMENT TO
ADVISORY AGREEMENT is entered into as of February 21, 2012, among American Realty Capital — Retail Centers of America, Inc.
(the “Company”) and American Realty Capital Retail Advisor, LLC (the “Advisor”).

 

RECITALS

 

WHEREAS, the Company
and the Advisor entered into that certain Advisory Agreement (the “Advisory Agreement”), dated as of March 17,
2011, as amended on June 23, 2011; and

 

WHEREAS, pursuant
to Section 15.2 of the Advisory Agreement, the Company and the Advisor desire to make certain amendments to the Advisory Agreement.

NOW, THEREFORE,
in consideration of the premises made hereunder, and for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

	Amendment to Section 1 of the Advisory Agreement. Effective
February 21, 2012, the definition of “FFO” in Section 1 of the Advisory Agreement is hereby replaced in its entirety
with the following:

“NAREIT FFO”
means funds from operations, or FFO, consistent with the standards established by the White Paper on FFO approved by the Board
of Governors of the National Association of Real Estate Investment Trusts, or NAREIT, as revised in February 2004 and as modified
by NAREIT from time to time.

 

	Amendment to Section 8.2 of the Advisory Agreement. Effective February 21, 2012,
Section 8.2 of the Advisory Agreement is hereby replaced in its entirety with the following:

“8.2Asset Management Fee. The Company
shall pay an Asset Management Fee to the Advisor as compensation for services rendered in connection with the management of the
Company’s assets in an amount equal to 0.75% per annum of Average Invested Assets; provided, however, that
the Asset Management Fee shall be reduced by any Oversight Fee payable to the Advisor, such that the aggregate Asset Management
Fee and the Oversight Fee do not exceed 0.75% per annum of the Average Invested Assets. The Asset Management Fee is payable on
the first business day of each month for the respective current month in the amount of 0.0625% of Invested Assets as of such date.
The Advisor shall submit an invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable
month. The Asset Management Fee to be paid for a month will be reduced by the average monthly amount that NAREIT FFO, as adjusted,
during the six months ending on the last day of the calendar quarter immediately preceding the date that such Asset Management
Fee is payable is less than the Distributions declared with respect to such six month period; provided, however,
that the asset management fee will not be reduced below the following amounts: (i) six months after the Effective Date of the
Offering, .35%; (ii) twelve months after the Effective Date of the Offering, .65% and (iii) beginning eighteen months after the
Effective Date of the Offering, no reduction. For purposes of this determination, NAREIT FFO, as adjusted, is NAREIT FFO adjusted
to (i) include acquisition fees and related expenses which is deducted in computing NAREIT FFO; and (ii) include non-cash restricted
stock grant amortization, if any, which is deducted in computing NAREIT FFO.”

 

    	 

    	 	

    
 

 

IN WITNESS WHEREOF,
the undersigned, intending to be legally bound hereby, have duly executed this agreement as of the date first set forth above.

 

AMERICAN REALTY CAPITAL — RETAIL CENTERS OF AMERICA,
INC.

 

 

 

By:____/s/ William M. Kahane________________

Name:William M. Kahane

Title:President

 

 

AMERICAN REALTY CAPITAL RETAIL ADVISOR, LLC

 

		By:	American Realty Capital Retail Special Limited Partner, LLC,

 

its Member

 

		By:	American Realty Capital Trust IV, LLC,

 

its Managing Member

 

 

 

By:____/s/ Nicholas S. Schorsch_______________

Name:Nicholas S. Schorsch

Title:Authorized Signatory

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